European/Former Soviet Union Mining Market Purchasing Trends and Intentions for 2015

DALLAS, April 10, 2015 /PRNewswire/ --

MarketReportsStore.com adds Purchasing Trends and Intentions in Mining in Europe and the Former Soviet Union, 2015 market survey report based on responses from 100 senior managers and decision makers at European and former Soviet Union mines, responsible for the purchase of equipment for plant within mine operations, along with its consumables.

Survey respondents for Purchasing Trends and Intentions in Mining in Europe and the Former Soviet Union, 2015 market report came from 23 different countries: Albania, Armenia, Belgium, Bosnia, Cyprus, Finland, France, Germany, Greece, Ireland, Kazakhstan, Macedonia, Norway, Poland, Portugal, Romania, Russia, Slovakia, Spain, Sweden, Turkey, Ukraine and the United Kingdom. This included 4 different commodity groups and a range of surface and underground mining operations. Complete report is available at http://marketreportsstore.com/purchasing-trends-and-intentions-in-mining-in-europe-and-the-former-soviet-union-2015/ .

This report provides a detailed analysis of purchasing methods and expected expenditures for European and the former Soviet Union mines. Areas of analysis include: current methods for acquiring equipment, with a review of outright purchasing, rental, leasing and other types of financing arrangements; future trends in expenditure and expectations for increased or decreased spend in four areas: plant and heavy equipment, equipment parts and components, explosives materials, and maintenance services; an analysis of future changes to the number of supplier relationships, and whether respondents expect greater or fewer supplier relationships over the next 12 months; investigation into the biggest challenges facing buyers and decision makers in sourcing the right products and extent to which preferred supplier arrangements are in place and predictions for increased centralization of procurement.

According to this survey report on mining industry of Europe and former Soviet Union, the outlook for future expenditure on mining equipment and services is positive. Whilst the majority of respondents expect no change in spend, over a quarter plan to increase expenditure in all areas, including plant and heavy equipment, maintenance services, equipment parts and components and explosives, blasting materials and chemicals, with best opportunities for suppliers in Scandinavia and the former Soviet Union. Outright purchase is the most common purchasing method. Some 68% of respondents nominated outright purchase as the method they use for heavy mining equipment. This was the dominant method of procurement, with all other methods being used by fewer than 20% of respondents in each case. Challenges in sourcing the right products are related to supplier attributes and capabilities. Some 67% of respondents identified that their biggest challenge when sourcing the right products were factors related to supplier attributes and capabilities, such as the availability of spare parts and on-time delivery.

Order a copy of Purchasing Trends and Intentions in Mining in Europe and the Former Soviet Union, 2015 market survey report at http://marketreportsstore.com/purchase?rname=32556 .

Comprehensive table of contents and more on this research is available at http://marketreportsstore.com/toc/?rname=32556 .

Other newly published reports on mining market available with MarketReportsStore.com include:

The Global Mining Taxes and Royalties 2015 market research report compares mining taxes and royalties across 21 countries which constitute both the leading and emerging markets in Asia-Pacific, Europe, the Middle East and Africa, South and Central America, and North America. The report (http://marketreportsstore.com/global-mining-taxes-and-royalties-2015/ ) compares corporate income tax (CIT) and other mineral taxes of 21 selected countries. Most countries' CIT is applicable at the federal level. Only the US's and Australia's CIT is applicable at both the federal and state level, unlike Argentina and Canada where it is applicable at the provincial level. The report compares royalties applicable on different minerals in 21 selected countries. Both Australia and Canada have different royalties' rates in different provinces/states, depending upon the mineral type. The report compares value added tax (VAT), as well as other payment and withholding tax rates, for 21 countries. Some countries such as Brazil, India, China, Kazakhstan and the UK have different and special types of taxes applicable for the mining industry.

Technology Investment Priorities in Mining in Europe and the Former Soviet Union, 2015: This report provides a detailed analysis of investment intentions in 12 areas of technology in the European and the former Soviet Union mining sector. The analysis is based upon a survey of 100 mine managers, procurement managers and other key decision-makers, and focuses in particular on mine management and vehicle-related technologies. According to this research, the primary technologies in which respondents plan to increase investments are mine management software for scheduling/optimization, mine survey equipment, equipment health monitoring and mine design and modelling software. For 11 of the 12 areas, a minimum of 50% of respondents already had these technologies in place at their sites, including all mine-management-type tools. Over 30% of respondents are currently using autonomous vehicles. Although 44% of respondents indicated no plans to implement autonomous vehicles in the foreseeable future, 31% indicated they were already using autonomous vehicles on-site. Safety is the leading driver of technology investments. Safety emerged as the leading driver, followed by cost reduction and productivity improvements.

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