Mining industry want reduce investment expenses

Mining industry want reduce investment expenses

As low economic level and low energy efficiency, despite the global support to a variety of energy saving and environmental protection industry development policies are rolled out, a number of enterprises engaged in this field still feel a great resistance. To take up a place in the energy saving and environmental protection, we depend on policy support alone is clearly not enough. State regulations will significantly reduce the energy intensity, carbon dioxide emissions. And strengthening the policies and measures to adapt to the socialist market economy requires long-term mechanism of energy saving.

The mining industry is braced for a pullback in investment spending as the biggest companies reassess their capital expenditure plans amid escalating cost pressures and an uncertain growth outlook.
        BHP Billiton and Rio Tinto last week said they were re-evaluating plans to spend tens of billions of dollars on vast development projects as China’s growth rate slows and some investors lobby for a greater focus on cost control and returning funds to shareholders.
       The pair, who are expected to account for about a third of total capital investment in the industry this year, signalled that they could slow or delay projects as they prioritise their most profitable opportunities and seek to match spending with cash flows.
        Analysts at Citigroup, who follow estimates for about 40 mining companies globally, expect spending in the sector to rise only 13 per cent this year, down from a 34 per cent forecast just a few weeks ago. They now expect a fall in 2013.
        In the bank’s latest survey of mining companies in April, half said they were considering lowering their budgets compared to less than a fifth three months before.
        2012 with the construction development of the railway industry, crusher industry demand is also increasing. At any time, the cement production will maintain a rapid growth, environmental protection and management pressures remain strong. Wei East Machinery has been committed to the development of highly efficient energy-saving crusher equipment, production of the , , , crusher, vibrating screen, crushing and screening equipment, play in the cement production process an extremely important role.
The cuts could spell the end of a buoyant period for suppliers to the industry, such as Caterpillar, Joy Global of the US and Sweden’s Atlas Copco, which have benefited as demand for trucks, excavators, belt systems and draglines picked up to feed China’s rapacious appetite for raw materials.