Mining support activities comprises establishments primarily
engaged in performing support activities on a contract or fee basis for coal,
metal and nonmetallic mineral (except fuels) mining. Mineral exploration is the
method of finding commercially feasible concentrations of minerals to mine.
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The global support activities for mining market has shown
decent growth in the past years with a CAGR of over 3.5%. The year 2017
recorded highest ever growth in this market with a net value of over $177
billion as per TBRC’s inhouse consultants.
TBRC’s latest report show the growing trends in the market
for each year, globally and geographically with sourced reasons to support the
growth claims.
The report also shows the support activities for mining market
to grow with a slightly higher CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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The forecast growth by 2021 is associated with factors such
as stabilization in global metal and copper prices, increased demand for
supporting activities by government and private mineral and non-metallic
mineral product manufacturers, and increasing demand of raw materials in
growing economies such as India and China.
Companies included in the report are CIMIC Group Limited, PT
United Tractors Tbk, Downer EDI Mining-Blasting, Barminco Ltd, and Boart
Longyear Ltd.
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