Miners see growth prospects on horizon
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The bottom of the current mining downturn was called a few times in recent years. But industry experts are, again, putting their necks out and saying the resources sector is finally on the up. If it is the case, many miners will be taking advantage of this opportune time to pursue acquisition and development activities. Read full article: http://www.resolute-equipment.com/news/120-miners-see-growth-prospects-on-horizon
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Miners see growth prospects on horizon
- 2. The bottom of the current mining downturn was called a few times in recent years. But industry experts are, again, putting their necks out and saying the resources sector is finally on the up.
- 3. Most miners have insulated themselves as much as possible against global market volatility, but the situation isn't all doom and gloom. Once the world economy settles and begins an upward trajectory, resources companies could be in for unprecedented profit margins. GLOBAL ECONOMIC IMPACT
- 4. The Chinese economy is undergoing a rebalancing act, according to the International Monetary Fund. The country is reshaping from an export and public investment driven economy to one that is sustained by domestic consumption and a growing services sector. GLOBAL ECONOMIC IMPACT
- 5. Emerging Asia (excluding China) includes India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. In its report, the IMF forecasts slow and steady growth throughout the next few years from 6.2 per cent in 2015 to 6.5 per cent in 2017. GLOBAL ECONOMIC IMPACT
- 6. According to the Deloitte Mining Services Index, the mining services industry may, too, have hit its rock bottom in the six months to December 2015 where the Index fell 12.03 points to 55.60. WHAT DOES THIS MEAN FOR MINING SERVICES?
- 7. However, positive markers have indicated increasing gold exploration activities, which is good news for drill and blast contractors and equipment suppliers. WHAT DOES THIS MEAN FOR MINING SERVICES?
- 8. The resources sector is evolving from a more short-sighted industry chasing dollar signs to an industry reshaped by cost cutting, technological research and pursuit of productivity. WHAT DOES THIS MEAN FOR MINING SERVICES?