• 1 day COVID Vaccine Distribution Would Be A Big Win For Amazon
  • 3 days Under COVID, The Rich Got Richer
  • 4 days Will Biden Lift Sanctions On Venezuela?
  • 5 days How To Play The Next Stage Of The Marijuana Boom
  • 5 days India Looks To Import More Venezuelan Oil Under Biden
  • 5 days 3 Unstoppable Stocks With A Biden Boost
  • 6 days The Biggest Biotech Story Of 2021?
  • 6 days Biden Looks To Rejoin Paris Climate Agreement
  • 7 days Capital One Fined Again For Money-Laundering Failure
  • 7 days The Star-Studded Fund Backing Clean Energy Startups
  • 8 days The Unexpected Retail Segment On Track To Hit $68B
  • 10 days Oil Demand Falters On New Wave Of Lockdowns
  • 11 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 12 days Investors Should Be Worried About Tech Stocks
  • 14 days Battle For Market Share Intensifies In COVID Streaming War
  • 16 days Censorship Is Now Private, And That’s Scary
  • 18 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 20 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 21 days NYSE Reverses China Company Delisting Plans … For Now
  • 23 days The Dollar Could Remain Weak For Years To Come
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