Positive revenue growth is projected for the global mining industry in 2012, including 55% of senior level respondents who they will see growth in the next 12 months. Capital expenditure is projected to rise significantly in the next 12 months. In North America and Europe, 58% and 44% of respondents, respectively, are expecting a rise in machinery and equipment purchase.
Suppliers forecast an increase in recruitment activities in 2012 with 44% expecting a steady rise by up to 2% followed by 23% who project growth of more than 2%. The Indian government will spend US$1 trillion to improve infrastructure and power networks and invest US$15 billion to expand coal generation in its five year plan, from 2012-2017. Australia was identified as the highest growth potential among developed countries in 2012 with a projected GDP of 4% in 2012 compared to just 2% in 2011.Report Scope
- Project industry trends and revenue growth expectations in 2012 and understand business confidence to take informed business decisions.
- Drive revenues by understanding future product investment areas and key growth regions.
- Uncover key challenges and opportunities and identify key actions required to maintain and win buyer business.
- Secure stronger customer relationships by understanding the behaviour and changing strategies of industry buyers
Click for Report details:Global Mining Survey 2012-2013: Market Trends, Buyer Spend and Procurement Strategies in the Global Mining Industry