Companies from developing countries plan to dominate the global mining market

When comparing productivity in emerging and developed markets, the mining sector lags significantly behind. In 2013, emerging economies had a net profit of $ 24 billion, compared with a net loss of $ 4 billion for developed economies.

Emerging market mining companies have outperformed their peers in traditional markets in profitability and dividend yields. As a result of the elections in a number of developing countries, promising conditions for 2014 are formed for the extraction of coal and iron ore, minerals and gold.

For the first time in 2013, most of the top 40 mining companies are in emerging markets. Based on current performance, this trend will continue. Mining production has grown for most commodities in developing countries relying on China as a major consumer.
Given the overall scenario, capex of $ 116 billion in 2014 in the global mining industry is projected, down 11 percent from 2013. Indian mining companies are doing a lot to expand and improve the productivity of the sector.

India is expected with the new government to improve demand conditions and revive the country's local mining industry. A major challenge for many developing countries will be the need for partnerships in supply and acquisition development, given that demand is highly price sensitive.