Mining support activities comprises of 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 support activities for mining global market is expected to grow from $177.6 billion in 2017 to $205 billion by 2021. This is due to the expected stabilization in global metal and copper prices, increased demand for supporting activities by government and the private mineral and non-metallic mineral product manufacturers.
Mining support activities market in The Business Research Company’s report is segmented into support activities for coal mining, support activities for metal mining and support activities for nonmetallic minerals mining. While the first two segments account for more than 90% of the market share, the remaining is attributed to the support activities for nonmetallic minerals mining segment.
The USA was the largest country in the support activities for mining market in 2017. This was a result of increased production of metallic and non-metallic mineral products in the country, driving the demand for supporting activities for mining. The USA is followed by Russia, China and France as the next largest countries in the market.
CIMIC Group is the largest competitor in the mining support activities market in 2017, followed by PT United Tractors Tbk and Downer EDI Mining-Blasting Services Pty Ltd. CIMIC Group, a company headquartered in Sydney, provides construction, mining, mineral processing and engineering services to infrastructure, resources and property markets. CIMIC’s growth strategy aims at expanding into new markets and diversifying its product offerings.
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