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Upcoming Industry Events MAY Canadian Mining Expo Timmins, Ontario – May 29-30 JUNE Elko Mining Expo Elko, Nevada – June 3-7 Complete list at www.luberfiner.com

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Commercial Carrier Journal April

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NOTE: This Mining Attack-A-Market™ Newsletter from Luber-finer is a quick read on the mining market as it pertains to opportunities or “need to know” news related to Luber-finer products. If you have news to share, please send an email (with a link) to Darren Wight at dwight@deanhouston.com. BHP Billiton Projects Global Demand For Coal Will Escalate

BHP Billiton (BHPB) has said it expects global demand growth for both thermal and metallurgical coal over the coming decades and productivity will be key to generating acceptable returns. Speaking at the Committee for Economic Development of Australia in Brisbane, Dean Dalla Valle, president of BHPB’s coal business, emphasized the importance of reducing costs and maximizing productivity. BHPB is in the unique position to speak to global demands for coal. The company’s coal mining operations span several continents. “Over the past 18 months we have focused on our cost base throughout our operations. There is still more we need to do as we look for ways to improve the productivity and competitiveness of our mines.” An increasing demand for coal is good news for a struggling industry that has seen U.S. demand shrink but exports of U.S. coal climb.

Full story: http://bit.ly/QrMi8O SOURCE: AgsAndMining.com

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Mining Equipment Sales By 2018 Expected to Reach $117 Billion

The Mining Equipment Market is expected to reach USD $117 billion by 2018 from USD $71.5 billion in 2012 at a CAGR of 8.5% from 2012 to 2018. The Asia Pacific market was in a commanding position having contributed more than 60% of the entire mining equipment market share in 2012. The U.S. also contributed significantly to the demand. The global mining equipment market is primarily driven by factors such as increasing mining activities in developing countries and the rising demand for technically advanced solutions across the globe. The large iron ore projects planned globally are expected to drive the mining equipment industry in coming years. Mining activities in oil refineries, coal mining and other underground mining operations taking place in the emerging markets, especially Latin America and Asia Pacific are leading to huge demand for mining equipment in these regions. The surface mining equipment market holds the largest share and accounts for nearly 37% of the entire mining equipment market owing to the rising demand for metal and mineral commodities.

Full story: http://bit.ly/1r8Ay85 SOURCE: SBwire.com

Mining Equipment Projected To Reach $117B By 2018

Volume 2, Issue No. 4 | April 2014

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Global Mining & Construction Markets Project 9.3% Expansion

The expansion of the global construction and mining machinery industry is forecast to reach 9.3% in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 10.5%. Currently, excavators, shovel loaders, and mechanical shovels account for 22.9% of the global demand while the remaining market share is divided between off-highway dumpers, grinders and others. The reports include historic market data from 2007 to 2013 and forecasts until 2018, which make the reports an invaluable resource.

Full Story: http://bit.ly/1fgbtAX SOURCE: Virtual-Strategy.com Mining Company Focusing On Alabama Sites For New Extraction

A company planning to mine oil-bearing sandstone in northwest Alabama has acquired several hundred acres of property off U.S. 43 in Colbert County that include access to a Norfolk Southern Railway line and a large warehouse. Lawrence County-based MS Industries has been purchasing property in Colbert and Lawrence counties with the intent of extracting crude oil from Hartselle sandstone deposits that lie underground throughout Alabama.

Full Story: http://bit.ly/QrMrcc SOURCE: TimesDaily.com Caterpillar Announces Temporary Close Of Facility For Upgrading

Caterpillar announced that it plans to move production of two product lines related to underground coal mining to the former Bacyrus facility in Houston, PA. CAT acquired Bacyrus during July 2011. The company said it is in the process of updating and upgrading those facilities to manufacture its room-and-pillar coal transportation products.

Full story: http://bit.ly/1ltwjAr SOURCE: CoalAge.com

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Two North American Mines Are Part Of The Focus For Barrick’s Portfolio

Barrick Gold Corporation operates mines in North America, South America, Australia and Africa. The company has mainly gold and copper in its portfolio and competes with other mining companies such as Newmont Mining, Goldcorp Inc. and Freeport McMoran Copper. These two mines are two of the highest profile operations for Barrick with above average gold production.

Full story: http://onforb.es/1i2OfTL SOURCE: Forbes.com Capstone Strikes More Copper In Arizona, Extends Life By 8 Years

Capstone Mining Corp. says a new pre-feasibility study on its wholly-owned Pinto Valley copper mine in Arizona has extended the mine’s life by eight years to 2026. The company, which bought Pinto Valley last year, says average annual production for the first five years is targeted at 128.4 million pounds of copper in concentrate and 6.6 million pounds of copper cathode. Annual production for the life of the mine is 119.5 million pounds of copper in concentrate plus 6.3 million pounds of cathode copper. The after-tax value, discounted at 8%, is US$738 million while capital costs are estimated to be $187.9 million over roughly 12 years.

Full Story: http://bit.ly/1ltyMeh SOURCE: VancouverSun.com U.S. Market Rediscovers Mining Investments, Boosts New Shares

The share market closed higher in mid-April as investors were encouraged by good corporate earnings reports from the United States. U.S. investors had rediscovered enthusiasm for some stocks that had previously been considered overvalued, following a better than expected earnings report.

Full story: http://bit.ly/1pmRpGW SOURCE: SMH.com

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U.S. Census Says Mining Is Fastest Growing Sector Of The Economy

Mining, quarrying, and oil and gas extraction are the fastest-growing sectors of the nation’s economy, according to a report released by the U.S. Census Bureau. The federal agency publishes an economic census every five years. This report examines national data from the year 2012. The previous economic census looked at 2007– before the recession hit.

Full Story: http://n.pr/1hhpbTY SOURCE: StateImpact.NPR.org Wisc.-based Mining Tech Intl. Will Pay $51M For Joy Global Mining

Joy Global Inc., based in Milwaukee, WI, announced it was buying Mining Technologies International for $51 million. MTI, which has offices across Canada and the U.S., manufactures underground mining equipment for North American markets. It employs about 250 people. MTI is a world-leading supplier of raise bore drilling consumables. The company is acquiring substantially all of the assets associated with MTI's hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines.

Full story: http://bit.ly/1ltwN9S SOURCE: NorthernLife.com First Rare Earth Mine In 60 Years Proposed For Black Hills, Wyoming

The state of Wyoming could soon hold the first rare earth mine to open in the U.S. in over 60 years, as the country’s Forest Service recently announced it is preparing to study the environmental impact of a proposed project in the Black Hills National Forest. In 2004, Colorado-based Rare Element Resources discovered the deposit, but only offered plans to mine primarily neodymium, praseodymium and europium two years ago.

Full Story: http://bit.ly/1eWWJwi SOURCE: Mining.com