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.
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.
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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