Mining services to target high value technologies to streamline ops and cut costs

Mine equipment, technology and services companies (METS) will adjust their strategies to reflect a structurally lower mineral price environment over the coming years, a report by BMI Research shows.

The analysts expect firms to prioritize higher profit margin minerals, such as precious metals, over bulk commodities. Firms will do this by investing more in underground machinery than in surface mining equipment, exemplified by Japanese company Komatsu’s recent acquisition of US firm Joy Global.