Albany, NY -- (SBWIRE) -- 11/20/2018 -- A recent report by ResearchMoz.us, titled, " Iron Ore Mining in Australia to 2022 - Production Remains Buoyant Supported by New Projects," unravels the trajectory of the top export sector in the continent. It studies the various macro-fundamentals and industry-specific factors affecting mining, and the revenue generated from it. It also glances at the major players operating in the domain of iron ore mining in Australia.

Australia holds a crucial place in iron ore mining, alongside Brazil and Africa. While Brazil is home to the world's five biggest iron ore mines, Australia and Africa collectively host the following six largest. The ones in Australia are known as Hamersley, Chichester Hub, and Karara. All of them, in Western Australia, store billions of tons of proven and probable iron ore reserves. In fact, western Australia's iron ore output accounts for a lion's share of the total iron ore produced in the nation. A crucial steelmaking ingredient, most of those are imported to China, South Korea, Japan, India, and the U.S.

Royalties earned from large private mining giants operating in Western Australia, is a major revenue source for its government. Two such top players, BHP and Rio Tinto Group, are constantly expanding their facilities and improving their operations in order to up production and profit margins.

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They are also seen spending huge amounts on automating the entire process to up efficiency and reduce operating costs. Automating logistics is something they have been particularly keen on. All such big players have their own private rail networks to transfer ore from their mining pits to the ports on the coast and are increasingly launching driverless trains for the purpose.

The large scale iron ore mining in Australia nevertheless does have a few hiccups to overcome. Those include technical and other glitches in operations such as derailment of trains carrying iron ore. Tax evasions by mining giants has also posed a problem for the government. Litigation battles are being fought against massive corporate tax bills. Another issue is the fallout on the environment.

However, despite such problems the iron ore mining in Australia is set to soar. BHP has recently approved a US$4 billion iron ore project in Western Australia's Pilbara. Meanwhile, Fortescue too has announced a new US$1.3 billion Eliwana project in the Pilbara. Rio Tinto is expected to approve the $3 billion Koodaideri mine soon enough.

Construction boom in the developing nations of India and China and demand from the automobile industry worldwide is expected to support growth of iron ore mining in Australia.

The report studies the aforementioned trends and announcements molding the path of iron ore mining Australia. To do so, it leverages both primary and secondary research. It tries to throw light on every facet of the market so as to enable key stakeholders bet right on the mining activities in Australia.

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