Metals & Mining

Metals & Mining

Metals & Mining

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87% of mining and metals industry believe the global economy is improving with respect to the industry.

Capital Confidence@EY

Global mining equipment market size is expected to reach USD 95.14 billion by 2022, growing at a CAGR of 4% from 2015 to 2022.

Global survey @Grand View Research

Talking Asia, in specific India.The Government of India has allowed 100 per cent foreign direct investment (FDI) in the mining sector under the automatic route. Mining lease has been granted for a long duration of minimum 20 years and up to 30 years. It has also approved MMDR Bill (2011) to provide better legislative environment for investment and technology.

India is third-largest producer of coal with a production of 565.6 million tons (MT) in FY14. It has the fifth-largest coal reserves in the world at 301.6 billion tons (BT). The country is expected to become the second-largest steel producer by 2015.

The metal and mining industry of India has recorded a strong 19.8 per cent expansion in 2011 to touch US$ 141.9 billion and is expected to reach 305.5 billion by 2015. Production volumes have also been growing steadily over the years - during the period 2007-2011, it registered a CAGR of 5.2 per cent. India’s iron and steel exports increased at a CAGR of 4.2 per cent to US$ 8.1 billion over FY2008-13.

Mining provides the building blocks for human development. The supply of metal and mineral products has underpinned human endeavor through millennia and will continue to play its role in meeting society’s needs. The need will remain strong, so satisfying demand requires finding and developing new mines, even as resource use becomes more efficient and recycling systems ramp up. Fortunately the geological supply of metals within the Earth remains robust and new technologies will help bring new deposits on stream. But these will increasingly be located in more remote regions, raising production and investment costs.

The global metals and mining machinery industry is characterized by the presence of a large number of multinational corporations. Caterpillar Inc., Komatsu Limited, Hitachi Construction Machinery, Sandvik AB, and Atlas Copco AB dominated global mining equipment market share in 2014. Large production lines as well as professional manufacturing equipment are necessary for production, leading to high capital investment. Key Chinese manufacturers include Zhengzhou Coal Mining Machinery Group, Northern Heavy Industries Group, China Coal Technology & Engineering Group, and China National Coal Mining Equipment. Investment in R&D activities and focus on innovation and technological development are the key growth strategies followed by companies operating in the market. Industry participants have also been participating in strategic collaborations in order to sustain and succeed in the ecosystem.

Growing mining activities on a global level are expected to be the key driving force for the market over the next six years. Mineral extractions are particularly prevalent in Asia Pacific nations of China, India and Australia.Mining operations are primarily dependent upon ore locations; however, major production locations operate in conditions such as water shortage. This has given rise to the need for effective solutions as well as contributed to demand for robust hardware.

There have been many advances in mining technology over the last decade. New machinery and processes are increasing productivity. Innovations such as roof bolting and self-advancing roof support have led to safer and more efficient operation, while remotely operated machinery has increase productivity and reduced risk.

We at Business Fuel are here to help the end users to understand what solutions fit their need at affordable investments from various pool of providers and from the perspective of machinery producers we help them to understand and price their product appropriately and help them increase their sales and revenue.

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