Support Activities For Mining Global Market Is Valued At Nearly $178 Billion In 2017 According To TBRC’s Latest Report

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 global support activities for mining market is valued at nearly $178 billion in 2017 due to expected stabilization in global metal and copper prices, increased demand for supporting activities by government and private mineral and non-metallic mineral product manufacturers.

In the report, the global support activities for mining market is divided into three segments, namely, support activities for coal mining, support activities for metal mining and support activities for non-metallic minerals mining. While the first segment accounts for nearly 60% of the market share and the remaining share is attributed to the other two segments.

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The USA was the largest country in the support activities for mining market in 2017, accounting for nearly one-fifth of the market share. This was due to increased production of metallic and non-metallic mineral products driving the demand for supporting activities for mining. Russia and China followed the USA as the next largest countries in the market.

The support activities for mining market is fragmented with a number of large and small organizations. The top five competitors in the market made up almost 4% of the total market in 2017. CIMIC Group Limited was the largest competitor of the market, followed by PT United Tractors Tbk and Downer EDI Mining-Blasting Services Pty Ltd. CIMIC Group, a Sydney headquartered company provides construction, mining, mineral processing and engineering services to infrastructure, resources and property markets.

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