• 678 days Will The ECB Continue To Hike Rates?
  • 678 days Forbes: Aramco Remains Largest Company In The Middle East
  • 680 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,080 days Could Crypto Overtake Traditional Investment?
  • 1,084 days Americans Still Quitting Jobs At Record Pace
  • 1,086 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,089 days Is The Dollar Too Strong?
  • 1,090 days Big Tech Disappoints Investors on Earnings Calls
  • 1,091 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,092 days China Is Quietly Trying To Distance Itself From Russia
  • 1,093 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,097 days Crypto Investors Won Big In 2021
  • 1,097 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,098 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,100 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,100 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,104 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,104 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,104 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,107 days Are NFTs About To Take Over Gaming?
The Countries With The Largest Diamond Reserves

The Countries With The Largest Diamond Reserves

Diamonds reserves in Russia, Congo…

Lunar Mining May Commence As Early As 2025

Lunar Mining May Commence As Early As 2025

Plans to start mining the Moon as…

Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Commodities
  3. Other

Europe’s Mining Sector Sees Slowing Growth

Mining

European miners will maintain their position at the forefront of integrating technology, particularly in more developed markets, due to a highly skilled workforce and high levels of connectivity among the more developed economiesa regional overview published by Fitch Solutions reports. 

On a more sombre note, analysts predict high costs, a weak project pipeline and conservative company strategies will drag on mining investment levels in Europe over the coming months, despite an improved commodity price environment.

Growth opportunities stand to be further impeded by a continued lack of investment in the European mining industry, and the outlook for Poland and Ukraine specifically will be hindered by EU environmental regulations and ongoing armed conflict, Fitch forecasts.

(Click to enlarge)

In Q2 2019, analysts expect investment levels across the European mining sector will be sluggish as miners continue to pursue balance sheet improvements over expenditure, while macroeconomic risks increase. Related: Private Firms Spent Record $93 Billion On Natural Resources

Tightening environmental regulations will pose headwinds to mining sector growth prospects of coal-producing countries in the EU, particularly in the west. Fitch forecasts, while Ukraine's steel outlook will remain bleak in the coming quarters, as disruptions from the Donbas blockade remain in place, as tensions with Russia continue to run high.

According to Bloomberg, mining mergers and acquisitions in the region over the first three quarters of 2018 totalled 9.47 billion, compared with 17.9 billion over the same period in 2017, reflecting European miners' ongoing restraint. Europe only counts 149 new mining projects in the pipeline, according to Fitch’s Global Mines Database, tailing behind North America, Latin America, Africa and Asia.

By Mining.com

More Top Reads From Safehaven.com

Back to homepage

Leave a comment

Leave a comment