Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Miners see growth prospects on horizon - infographic

340 views

Published on

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

Published in: Environment
  • Be the first to comment

  • Be the first to like this

Miners see growth prospects on horizon - infographic

  1. 1. Resolute Equipment provides innovative earthmoving equipment, parts and attachment solutions to clients throughout Australia. For an equipment solution that best-fits your project, contact Resolute Equipment today on: 1300 308 840 Resolute Equipment June 2016 1300 308 840 | info@resolute-equipment.com www.resolute-equipment.com If it is the case, many miners will be taking advantage of this opportune time to pursue acquisition and development activities. WHAT DOES THIS MEAN FOR MINING SERVICES? MINERS SEE GROWTH PROSPECTS ON HORIZON Major miner BHP Billiton recently went public with its growth plans for its Western Australia-based Nickel West operations. IMF forecasts slow and steady growth throughout the next few years from 6.2% in 2015 to 6.5% in 2017. However, positive markers have indicated increasing gold exploration activities, which is good news for drill and blast contractors and equipment suppliers. 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. “The current industry mood was positive.” 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. 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. GLOBAL ECONOMIC IMPACT 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. SANDEEP BISWAS Gold-focused Newcrest, CEO

×