SOURCE: Rothman Research

Rothman Research

June 23, 2010 08:35 ET

Sneak Peek in the Mining Equipment Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 23, 2010) - -- With the growth in the mining industry in recent years, demand for high-end and cost-effective mining machineries is looking promising. The mining sector has been expanding at a 3% to 4% rate yearly, and this growth is expected to continue in many of the key mining regions of the world with India, China, Australia and Brazil pushing the tempo. India's new mining policy, which has been delayed for almost two years, is seen by a number of industry experts as a boost to the mining sector as it will significantly reduce administrative delays for issuance of new mining leases from the Indian federal government. These positives in the global mining sector are boding well for heavy machinery companies. is a source for investors seeking free information on the Farm & Construction Machinery industry; investors are encouraged to sign up for free at

A few companies that have been making impressive strides in this space are Joy Global Inc. (NASDAQ: JOYG), Bucyrus, Hitachi Construction Machinery and Komatsu. Joy Global has recently pulverized Wall Street analysts' estimates in its most recent quarter with equipment orders on an uptrend at 43%. Driven by the boom in the mining sector, Caterpillar Inc. (NYSE: CAT), which has a diversified portfolio of products, is working on the development of a new line of mining shovels. These new monster machineries will be available in 2011 and will be in direct competition with mining shovels from Bucyrus and Jay Global. Caterpillar is forging ahead to expand its grip on the mining industry worldwide as it announced an investment worth close to $700 million to begin manufacturing the new range of 125-ton to 800-ton mining shovel models and boost production of its trucks. 

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Competition promises to be fierce in the next few years amongst the titans of this industry as they literally will be sending giants to fight for market control. Whilst growth in demand for mining equipments and machineries is anticipated to soar by almost 5% on a yearly basis for the next 2 to 3 years, there is also some fear that the cyclical nature of the mining sector can impact some of the players that are focus mainly in the mining machinery industry. 

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