Global mining downturn to slow in 2014: FLSmidth CEO
“We expect a smaller decline next year but still a decline,” Schulz said.
Schulz said the downturn in the mining industry, which he describes as a part of a normal 10-yearbusiness cycle, started last year and has intensified this year. He said mining capex would bottom out towards the end of 2014 and begin to rise the following year.
The downturn has hit the demand for new mining equipment for both greenfield and existing mines.
http://www.reuters.com/article/2013/10/01/us-nordic-investment-flsmidth-idUSBRE9900MM20131001
A Blog for Browsing Mining, Mineral Processing, and Metals Info 