subject: Mining Industry Serves World Economy [print this page] The mining industry had a great 2011 and its forward looking view is strong, the British Columbia regional mining practice service of the firm noted in the report."There is greater investment potential in the province than ever as it continues to bring its projects on line," the report states. " BC is forging ahead."Titled "Forging Ahead, the mining industry in British Columbia 2011," the report acquired the opinions and musings of 17 operating metal and coal miners, 13 operations for allowed and active permitted stage, and eight advanced exploration stage properties and three mines that are in the stages of reclamation.The top products of the firms polled include coal, copper, zinc, molybdenum, lead, gold and silver.The report notes 2011 saw gross mining revenues advanced 25 percent from $7.9 billion in 2010 to $9.9 billion last year. That $2 billion increase was almost entirely attributable to increased metallurgical impact crusher coal prices and more coal shipments.Michael Cinnamond, co-author of the report, expressed an optimism for British Columbia"s mining future."BC has a lot of reasons to be optimistic about mining," the leader of the firm"s Mining jaw crusher Industry Practice said. "In addition to record breaking revenues in 2011 there were four new metals mines under construction, including Copper Mountain which went into commercial production, and there are many more projects in the permitting process."Abundant investment in Australia"s mining industry will prompt the nation"s economy to pick up the pace of its development and recovery from the recession, according to the projection of an independent forecaster. The Sydney Morning Herald reports enhanced production capacity and mine optimization will occur later this financial year and next year, per the expectations of the business outlook authored by Deloitte Access Economics for its March quarter. The division under eye is the resource sector as the firm also noted consumer spending needs a lift. cone crusher manufacturer:http://www.hx-china.com/5.html china sand washers:http://www.crusher-machine.com/19.html Slow-paced consumerism due to decreased spending and tepid housing starts, the Australian dollar is high and interest rate levels are minimizing potential. "It may be a lopsided period in Australian growth, but growth it will be," director Chris Richardson indicated in statement released in Australia on Tuesday. "And the split in that growth is widening further." He said capital spending potential is geared toward investment in mining and corrections were increased for the industry as compared to one quarter prior. By contrast, sectors like retail, construction of houses and government spending were corrected downward in value. "Yet that doesn"t stop the overall outlook for growth - the one on which the Reserve Bank has to act - still looking rather better than most people realize," according to Richardson. The Australian reports the strength of mining will have staying power. That business investment in mining cone crusher amounts to an estimated $180 billion in Australian currency, the majority of which is oriented toward ongoing mining projects in Queensland, the nation"s western lands and offshore.As the professional manufacturer of complete sets of mining machinery, such as vibratory feeder, Henan Hongxing is always doing the best in products and service.
by: chris lee
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