Current Situation and Outlook of Ore Mining

della0887

　　Potential in ore and steel mining
　　There is a huge potential in the China mining equipment manufacturing sector as the mining sector has become extremely dynamic. ore mining, which covers around 80% of the mining activity, is slated to grow at a furious pace as the power demand is expected to go up tremendously. The government is planning to double the power production that in turn will increase the demand for ore and boost ore mining.
　　Also, the surface ore mining is nearing saturation and the mining companies are looking at underground mining for which they will need sophisticated and highly technical equipment. The consumption of steel in the country is low compared to the more mature economies. The country’s steel capacity is over 100 million tonnes and a ton of steel requires around 1.8 tonnes of iron ore generating a huge demand for iron ore mining and the equipment needed for that. Besides with a growing economy there is always a demand for all types of metals and minerals.
　　Time to ramp up!
　　With a demand to speed up the high capacity mining and increasing automation, the requirement for large equipment is also expected to shoot up. The mining sector is now looking at highly sophisticated, efficient, customized and safe equipment and therefore it is imperative for the mining equipment companies to introduce technologically innovative machinery and increase investment in R&D.
　　Since there is a huge pressure on mining companies to speed up production and also maintain quality of the minerals, the demand for highly sophisticated equipment is sure to go up. The end users of this equipment are highly demanding, and will opt for operationally efficient, safe, and cost effective machinery.
　　The China mining companies largely catered to the domestic market, however, with the opening up of this market to the international players the competition has intensified and the stakes have gone up tremendously. The local companies need to start benchmarking product efficiencies and quality with global norms.
　　Future outlook
　　The mining industry has targeted to achieve Rs 416,500 crore by 2015 and this augurs well for the mining equipment companies. The ore and iron ore mining is expected to be intensified as the government has promised ‘power for all’ in the next couple of years and the construction of infrastructure is expected to boom once again since the government is trying to achieve an economic growth of 8 to 9 % in the next decade.
　　Edelweiss, a financial services company, in its 2008 report predicted that the industry is expected to reach a size of approximately Rs.1.34 trillion by the end of the 2012. This translates to around 2.5% of the country’s GDP. The China mining equipment industry is also expected to see an investment of Rs223.95 billion in the next five years with more and more international players entering the sector and local companies’ ramping up the production capacities.
　　Clearly the trend is moving towards more and more automation. As mining becomes intense, the demand for mechanization and highly productive, safe, efficient and cost effective machinery will increase.
　　As the professional manufacturer of complete sets of mining machinery, such as Cement mill price,Rock cone crusher,China jaw crusher,ore separating line, Henan Hongxing is always doing the best in products and service.