This report reviews the strategies and processes employed by Queensland Metals Corporation (QMC) in the development of magnesite based industries as a method of exploiting the extensive Kunwarara magnesite deposit, located in Central Queensland.
The difficulties and risks associated with the commercial exploitation of mineral resources in general, are discussed, along with those that are specific to lower value industrial minerals such as magnesite. These include a lack of available process technology and poorly established markets for end products.
In depth analysis of both the refractory magnesia and magnesium metal industries, (the two most important to the success of QMC's strategy), has been conducted using Michael Porter's (1980) Five Forces Industry Analysis Model. These analyses has been used to determine the relative success of QMC's development strategies.
Opportunities for further research and analysis of the QMC projects not considered in this report, as well as other aspects of mineral resource development, are identified.