• 11 hours The Biggest Loser In The China-U.S. Tariff Tit-For-Tat
  • 1 day Trade War Takes Its Toll On Shipping
  • 4 days Is $90 Oil Possible? An Interview With Jay Park
  • 4 days Billions Of Dollars Are Flooding Into The Flying Taxi Space
  • 5 days Is This The Most Important Energy Project Of 2020?
  • 5 days Startups Are Dying To Give You A Better Death
  • 6 days U.S. Restaurants Are Struggling With Rising Labor Costs
  • 6 days The Banking Bonanza Is Just Getting Started
  • 7 days How The Trade War Ceasefire Will Impact The Energy Industry
  • 7 days Who Is The Most Dangerous Person On The Internet?
  • 8 days SoftBank Sees First Quarterly Loss In 14 Years
  • 9 days Prepare For An Oil Glut In 2020
  • 10 days Why A Strong Yuan Is A Promising Sign For The Trade War
  • 11 days What Would You Sacrifice For A Debt-Free Life?
  • 11 days Shareholders Urge Major Bank To Stop Funding Fossil Fuel Companies
  • 12 days Tariffs Are Causing A Slowdown In U.S. Manufacturing
  • 12 days The Great Silicon Valley Migration Has Begun
  • 13 days 3 Oil Stocks Paying Out Promising Dividends In 2020
  • 13 days How Fractional Trading Is Democratizing the Stock Markets
  • 13 days Why Smart Money Is Looking To Short Aramco
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