Asia Pacific: leading the global
mining sector turnaround
Regional construction insight, in association with
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Asia Pacific: leading the global mining sector turnaround
Regional MINING insight, in association with
Asia Pacific: leading the global mining sector turnaround
Regional construction insight, in association with
The global mining sector is on the cusp of a turnaround, with Asia Pacific (APAC) leading the way in terms of number of projects and capital expenditure (capex) value over the next two years.
According to GlobalData, there are currently 483 projects globally either in construction or slated to commence construction by 2020, with a capex of $253bn. Of this, projects currently in construction represent a total capex of $162bn.
key numbers
38%
APAC is forecast to account for the largest share of the total project count
3%
In terms of investment value, spend in APAC accounts for almost a quarter of the total
240
Commodities with the greatest spending planned or in progress are coal, gold, copper and iron ore, which collectively have 240 projects under construction
$16.5bn
Adani Group is the leading company by capital expenditure
Largest projects by value
Adani’s Carmichael Coal Mine
Australia
$16.5bn
Novagold Resources / Barrick Gold’s Donlin Gold Project
Alaska
$6.6bn
First Quantum Minerals’ Cobre Panama Project
Panama
$6.3bn
Top five companies by capex spend
$16.5bn
Adani’s Carmichael Coal Mine
$9.6bn
Sibanye Gold
$7.5bn
Saudi Arabian Mining
$6.7bn
Barrick Gold
$6.4bn
Vale
Global initial establishment capex trends (2018-2020) development projects by region vs capex
Source: GlobalData, Mining Intelligence Centre
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Ankita Awasthi, senior mining analyst at GlobalData, says: “The global mining sector has been reeling under declining commodity prices, increasing production costs and declining ore grades, which have negatively impacted investment. However, a turnaround is starting to be seen with APAC leading from the front.”