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Global mining equipment market to reach $156 billion

Surface mining equipment accounted for the maximum market share of around 31% in 2021 as they are extensively being used in application areas such as coal mining From a growth perspective mining drills and breakers is projected to be the fastest growing segment due to increasing application in metal mining

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R1 billion investment at Kumba Iron Ore s Sishen Mine

Kumba Iron Ore a business unit of Anglo American has spent just over R1 billion to develop and expand its heavy mining equipment facilities at its Sishen operation in the Northern Cape This came after a review conducted in 2021 revealed that the maintenance facilities and outside storage capacity was insufficient for current equipment needs

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equipment used in mining iron ore

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