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China mining market: $432bn industry by 2017

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China Mining Report Q4 2013 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-18 22:33:01
The changes and reforms enacted in 2012 will continue over the course of 2013 with smaller and less efficient mines being closed, while mid-sized miners will be merged and production consolidated into giant vertically integrated state-owned outfits. Overall, we forecast China´s mining industry value to increase from approximately US$340bn in 2012 to US$432bn by 2017, marking a healthy growth rate of 4.9% per annum.

As 2013 ushers in the third year of China´s 12th Five-Year Plan (2011-2015), we expect the changes and reforms enacted in 2012 to continue. In a bid to curb overcapacity and reduce environmental pollution, the government plans to close smaller and less efficient mines, while mid-sized miners will be merged and production consolidated into giant vertically integrated state-owned outfits. Overall, we forecast China´s mining industry value to increase from approximately US$340bn in 2012 to US$432bn by 2017, marking a healthy growth rate of 4.9% per annum.

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