Global Mining Equipment Industry
The mining industry is becoming increasingly knowledge intensive through broad usage of advanced machinery and equipment as the industry faces new challenges and greater competition. Many countries have been best able to pursue the opportunities for broader industrial development from resources projects. While the core equipment were imported, many developing countries have developed a strong and diverse mining equipment and service sector with internationally leading firms. It is the more specialized technology, equipment and services firms that are the most active internationally and their internationalization has been rapid, extensive and remarkable