This report examines the outlook for the mining and heavy industry category of engineering construction. This includes the resources, minerals processing and other heavy industrial sectors. Investment in this sector is now experiencing an extraordinary boom, which still has further to run.

Despite the impact of the global financial crisis, mining and heavy industry construction activity rose strongly again through 2009. Multi-billion dollar projects spanning LNG, iron ore and coal will drive the next leg of the rolling minerals boom, but growth will not match the experience of the 2000s with capacity constraints again returning to the fore.

That said, some sub-sectors have better prospects than others. In this report, we analyse the supply, demand and price fundamentals of each commodity and the implications of these for new project development. We cover the construction of all minerals extraction, processing and storage facilities, as well as all secondary processing and other heavy industrial facilities.

Adrian Hart

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