Support Activities For Mining Market Forecast To Rise By 2021 As Per TBRC’s Latest Report (Companies Included: CIMIC Group Limited, PT United Tractors Tbk, Downer EDI Mining-Blasting, Barminco Ltd, Boart Longyear Ltd)

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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