TOP MINING AND CONSTRUCTION TRENDS THAT WILL RESHAPE THE INDUSTRY IN 2016

The face of mining is ever-changing in Australia. What was once a fast-growing industry witnessed declines as demand for resources fell, and values slid. As a result, many smaller players have left the industry.

However, larger companies are re-calibrating their operations to stay ahead of the economic downturn in China. This foresight is enabling these companies to adapt and change to this new environment, which, in turn, has seen a number of trends emerge in 2016.

CHANGES IN MINING AND CONSTRUCTION MARKET

According to Deloitte, an Australian economics and financial strategy firm, the mining and construction industry has entered into a tussle. While the downturn in China wasn’t entirely unexpected, it has been difficult for many mining companies to readjust. The Australian resources sector has endured deep wounds from the battle, but they’re beginning to recover.

The mining and construction market, says Deloitte, has hit rock bottom and is now making a come back towards a more sustainable future. Companies that have made it through the battle are stronger and also smarter. These companies are following a number of trends to sustain their viability well into the future.

THE TOP MINING MACHINERY TRENDS OF 2016

1. Keeping up with technological changes

As technology evolves, so too does the mining industry. New machinery and solutions are emerging that have automated or semi-automated processes. Companies that embrace this technology free-up miners to carry out other tasks and increase their overall productivity.

top mining and construction trends that will reshape the industry in 2016

2. Moving beyond China

Rather than expecting high returns from China, mining companies are looking at other opportunities. Plus, they are developing plans that are relative to China’s investment capabilities. Thus, cost management, strategic capital allocation and feasibility studies are a must for continued business growth.

3. Reducing operational costs

Many mining and construction companies are tightening their belts. These measures, say Deloitte, are all about reducing costs and looking for ways to increase productivity. Many companies are becoming more innovative and are using more proficient drilling techniques. Another way that businesses can reduce costs is to buy quality second hand CaterpillarKomatsu, and Hitachi equipment, rather than buying brand new heavy earth moving equipment and mining machinery.

WHERE CAN YOU FIND TOP-QUALITY HEAVY EARTH MOVING EQUIPMENT AND MINING MACHINERY?

Don’t blow your business budget on mining machinery. Instead, purchase heavy earth moving equipment and mining machinery from Resolute Equipment on 1300 308 840. We are the national supplier of Caterpillar, Komatsu, Esco, Liebherr, and Hitachi, as well as many other manufacturers. Plus, we stock hard-to-find heavy equipment used parts and have quality used heavy machinery for sale.