Industry Analysis & Industry Trends
The Mining Support Services industry's main activity is contract mining, which makes its performance highly dependent on trends in mining activity. Rising demand and high prices for minerals led to a mining boom over the past five years, thus increasing demand for mining services. Industry revenue is expected to grow by 10.3% per year over the five years through 2012-13. Revenue is expected to total about $12.5 billion by that time, up 8.0% from the previous year. The industry accounts for 0.4% of total GDP and is expected to generate net profit before tax of $1.44 billion in 2012-13.
The industry does not export and does not face import competition, as all services relate to the domestic mining industries. As a result, domestic demand is equivalent to industry revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the growth phase of its life cycle. In recent years, it has expanded far more rapidly than both GDP and overall mining sector revenue. Its growth reflects increased outsourcing by mining companies. The industry has also seen considerable merger and takeover activity. Surging demand for minerals and high mineral prices during most of the five years through 2012-13 provided a favourable climate for the Mining Support Services industry and led to strong growth in revenue. More gains are expected over the five years through to 2017-18.
Industry value added is expected to grow by 7.5% per year over the decade through 2017-18, compared with GDP growth of 2.4% per year over the same period... purchase to read more