CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
The world’s largest mining companies are planning to spend over $244 billion on expansions to 2015, reports Bloomberg Television’s “The Pulse.”
Despite Glencore Xstrata’s (LON:GLEN) CEO Ivan Glasenberg’s recent call for austerity in the industry to end an oversupply in mineral markets, top miners are reportedly set to spend just 2.4% less than in the previous three years.
Only in Australia, home of giant mining companies BHP Billiton (ASX, LON, NYSE: BHP) and Rio Tinto (ASX, LON: RIO), business investment rose last quarter driven by strong mining spending, according to the Bureau of Statistics.
“The capital spending numbers confirm mining investment isn’t headed for a sharp decline in coming quarters,” Katrina Ell, an economist at Moody’s Analytics in Sydney, was quoted as saying last month.
After shelving projects worth about $68 billion last year, BHP —the world’s No.1 mining company— decided in August to go ahead with a $2.6 billion investment in its Jansen potash project in Canada.
And Rio Tinto, the world’s second biggest producer of sea-traded iron ore after Brazil’s Vale (NYSE: VALE), is injecting a further $5 billion into its Australian operations to take annual capacity to 360 million tonnes.
Image from Wikimedia Commons.
2 Comments
Ding Dong Fong
I am sure that Cat will reap the biggest share of the expansion. They have so much to offer and most all of it is made in the USA> That is why it is on the top of the $$.
freddy mande mukumbi
Mande Mukumbi Freddy
12, Avenue Salvias/Bel-Air, C/Kampemba
Téléphone: +243 816975999/+243 971567123
E-mail: [email protected]
Monsieur/Madame le Directeur des
Ressources Humaines.
Date: 21/09/2013
Object candidature au poste d’Opérateur de l’excavatrice
annonce Excavator Operator
Monsieur le Directeur,
Votre annonce pour le poste d’operateur de l’excavatrice, à retenu toute mon attention.
Titulaire d’un diplôme de graduat en théologie,
département des droits canon et interprétation, diplôme d’Etat des humanités pédagogiques et 3 mois au centre de formation FRT de la Gécamines, siège de Kambove/Kakanda 1999.
En 2011 jusqu’à présent, comme formateur polyvalent des
engins lourds de mine tels que : Pelle Hitachi 1900, Dump Truck Hitachi
EH1700, ADT cat.740&Bell B40D, Loader cat.966H, Dozer cat.D9R, Backhoe, Compactor et petits véhicules à la société Mining Company Katanga (MCK/Trucks)
De 1999 à 2011, comme Operateur polyvalent des engins
lourds de mine, à la société de transport minier et puis chez MCK/Trucks.
Maitrisant les procédures d’opérations, rigoureuse,
organisée et ayant un gout de prononcé pour la communication, je saurai
efficacement assister l’équipe des Operateurs (petites annonces) de votre société.
Vous trouverez ci-joint mon CV détaillant chacune de mes expériences.
Dans l’attente de vous rencontrer, je vous prie d’agréer,
Monsieur le Directeur, l’expression de mes salutations distinguées.
Mande Mukumbi Freddy