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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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