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Mining Industry Facing Challenge Needs Strong Support

By Author: hxmiamia wang
Total Articles: 3

Canada’s Prime Minister Stephen Harper is ready to launch an aggressive campaign to promote the country’s mining sector abroad, in an effort to redirect trade spending and foreign affairs to core economic interests. Ed Fast, the International Trade Minister, began last Wednesday a cross-country campaign to get feedback from experts and actors on what kind of support they think the government should offer to local mining companies.According to The Globe and Mail, the move comes as the Harper administration starts warming up its campaign machine for the 2015 elections.But Harper faces a challenging scenario. As a result of the global mining slowdown, Canada’s mining sector has been hit hard by weak commodity prices and lack of interests from foreign and local investors. For the first time in a decade, Canada"s normally bustling resource industry failed to book a single Initial Public Offering (IPO) on either the Toronto Stock Exchange or the TSX Venture Exchange in the first quarter the year, a PwC survey revealed.The most fresh example is the renewed opposition Gabriel Resources (TSX: GBU) is facing in Romania because of its Rosia Montana gold project. Only yesterday the country"s president Traian Basescu asked the Parliament to withdraw a bill that would allow the London-based Canadian miner to move forward with it.However the future looks auspicious. Canada is among the top-five producers of potash, uranium, nickel, platinum, aluminum, diamonds and steel-making coal. And Global demand for commodities is expected to grow by up to 75% over the next 15 years, according to the world’s No. 1 miner, BHP Billiton (ASX, LON, NYSE: BHP).As we all know, many Chinese machinery companies (such as Henan Hongxing Machinery Co., Ltd) are all famous for their various mining machines including aggregate mixer, bucket mixer, chute feeder and other related services like after sale service, product maintenance and technology support which applied in many fields around the world. For more information, you can google these Chinese companies (i.e. Hongxing Machinery) or enter the official websites on your browser.stirring tub: http://www.crusher-export.com/cement/n252.htm

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