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Mining

Lafarge has reported a five per cent year-on-year rise in Q1 2012 sales. (Image source: Lafarge)

French cement producer Lafarge has reported a five per cent year-on-year rise in 2012 first quarter sales to US$4.4 billion as higher prices offset rising costs and demand from emerging markets increased

Production levels of aggregates and at crushers have dropped by almost 40 per cent following a drastic drop in demand, industry officials said recently. Manufacturers of machinery and spares for crusher units yesterday said they were aiming at markets in Saudi Arabia and other GCC countries to compensate for the drop in the demand in the UAE.

p>Production levels of aggregates and at crushers have dropped by almost 40 per cent following a drastic drop in demand, industry officials said recently. Manufacturers of machinery and spares for crusher units yesterday said they were aiming at markets in Saudi Arabia and other GCC countries to compensate for the drop in the demand in the UAE.

GLOBAL DEMAND FOR mining equipment (including separately sold parts and attachments) is projected to increase 4.9 per cent per year through 2013 to US$58 billion.  China and India will be leading sources of mining equipment demand. 

p>GLOBAL DEMAND FOR mining equipment (including separately sold parts and attachments) is projected to increase 4.9 per cent per year through 2013 to US$58 billion.  China and India will be leading sources of mining equipment demand.