26 August 2013: Sydney, Australia - An opinion survey of the delegates from the 2013 AIMEX exhibition has found that, echoing recent media reports, just 28% of respondents believe that capital expenditure will increase over the next 12 months with 31% anticipating a reduction.
Aggreko, the world leader in the supply of temporary power and temperature control solutions captured the responses from 199 delegates in its Aggreko Mining Pulse survey to understand the key opinions, trends and focus areas for the industry in FY2014.
Highlights from the Aggreko Mining Pulse included:
• 30% of respondents believe that China and Mongolia are the best mining regions outside of Australia to invest in for the future
• 43% of respondents still see Western Australia as the biggest focus for the industry in 2014, a lower than expected result and possibly due to an increased focus on Queensland and NSW capturing 26% and 21% of responses respectively
• 32% of respondents believe that, despite plunging prices in 2013, gold will continue to be the hottest commodity to invest in over the next 12 months
“It’s rare to have the leading mining executives from Asia-Pacific in one place so we took the opportunity to understand what really matters to them and where they see the industry heading over the next 12 months,” commented George Whyte, Managing Director, Aggreko Australia-Pacific.
“The results provide a key insight into the industry and we can see that 31% of respondents feel that capital expenditure will reduce over the next year. With a tightening of capital expenditure among mining companies, planning requirements around rental power supply will be vital to mining organisations moving to balance capital and operational expenditure.”
Please note, the results of this opinion survey do not necessarily reflect the views of Aggreko plc.
AIMEX is Asia-Pacific’s premier mining exhibition showcasing the latest in mining equipment, products and services. The focus at this year’s event was split between women in mining and industry safety with a day of the exhibition dedicated to each area.