MARKETS

Confidence in mining sector remains strong

THIS year the mining sector is tipped to increase export orders and employment levels more so tha...

Staff Reporter
Confidence in mining sector remains strong

Key findings from the survey, which examines the health of the nation’s export economy annually, revealed 81% of the mining sector was affected by the strong Australian dollar, while exporters in WA forecast a 57% increase in export orders for the next 12 months.

The mining industry is most likely to increase employee numbers, leading the way with an expected 80% boost.

Another key finding from the survey indicated the mining sector would remain the most confident of wage increases.

The Australian export industry has been dented by the strong Australian dollar and natural disasters including the floods in Queensland and Victoria, the Christchurch earthquake, as well as the Japanese earthquake and tsunami.

As a result profit expectations were affected, with just 41% of exporters expecting increased profits in the coming year compared to the 59% in the 2010 survey.

Meanwhile, the DHL survey did reveal a dip in export sentiment in the last 12 months, with only 42% of the predicted 69% increasing orders.

DHL said North America and Southeast Asia remained the top export destinations, however, China had replaced the UK in the top five list for the first time.

“China also has the highest growth expectations of all countries, [with 59% of exporters anticipating orders to decrease in the coming year], and is expected to be the lead export nation by 2016,” DHL said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production