This report is the result of an extensive survey drawn from ICD Research’s exclusive panel of leading mining industry companies. With a challenging year ahead, this report provides the reader with a definitive analysis of business confidence, and explores how opportunities and demand are set to change in 2011–12. Furthermore, this report not only grants access to the opinions and strategies of business decision makers and competitors, but also examines their actions surrounding business priorities. The report also provides access to information categorized by region, employee size, company type and sizes.

1 Table of Contents 2

1.1 List of tables 6

1.2 List of figures 8

2 Introduction 10

2.1 About this report 10

2.2 Definitions 10

2.3 Methodology 11

      2.3.1 Primary research 12

      2.3.2 Secondary research 12

      2.3.3 Conventions 12

2.4 Profile of survey respondents 13

      2.4.1 Profile of buyer respondents 13

      2.4.2 Profile of supplier respondents 15

3 Executive Summary 17

4 Global Mining Industry Business Confidence 19

4.1 Revenue growth expectations 20

      4.1.1 Revenue growth expectations by company type 21

      4.1.2 Revenue growth expectations by region 22

      4.1.3 Revenue growth expectations by company turnover 24

      4.1.4 Revenue growth expectations by senior-level respondents 25

4.2 Profitability in 2011–12 27

      4.2.1 Profitability expectations by company type 28

      4.2.2 Profitability expectations by region 30

      4.2.3 Profitability expectations by company turnover 32

      4.2.4 Profitability expectations by senior-level respondents 33

4.3 Planned changes in staff recruitment activity 35

      4.3.1 Planned change in staff recruitment activity by company type 36

      4.3.2 Planned change in staff recruitment activity by region 38

      4.3.3 Planned change in staff recruitment activity by company turnover 39

4.4 Variations in customer demand 41

      4.4.1 Variations in customer demand by company type 42

      4.4.2 Variations in customer demand by company turnover 44

      4.4.3 Variations in customer demand by region 45

5 Mining Industry Dynamics 47

5.1 Leading business concerns 48

      5.1.1 Leading business concerns by company type 50

      5.1.2 Leading business concerns by region 53

      5.1.3 Leading business concerns by company turnover 56

5.2 Credit availability in 2011 59

      5.2.1 Credit availability by company type 60

      5.2.2 Credit availability by region 61

      5.2.3 Credit availability by company turnover 63

5.3 Global business priorities in 2011 64

      5.3.1 Global business priorities by company type 66

      5.3.2 Global business priorities by region 69

      5.3.3 Global business priorities by company turnover 71

5.4 Exploration and development growth 74

      5.4.1 Exploration and development growth by company type 75

      5.4.2 Exploration and development growth by region 76

      5.4.3 Exploration and development growth by company turnover 77

5.5 Merger and acquisition activity expectations 2011–12 79

      5.5.1 Merger and acquisition activity expectations by company type 81

      5.5.2 Merger and acquisition activity expectations by region 82

      5.5.3 Merger and acquisition activity expectations by company turnover 84

      5.5.4 Merger and acquisition activity expectations by senior-level respondents 85

5.6 Key drivers of merger and acquisition activity 86

      5.6.1 Key drivers of merger and acquisition activity by company type 88

      5.6.2 Key drivers of merger and acquisition activity by region 89

      5.6.3 Key drivers of merger and acquisition activity by company turnover 91

      5.6.4 Key drivers of merger and acquisition activity by senior-level respondents 93

6 Market Trends Outlook 94

6.1 Top growth regions 95

      6.1.1 Top five growth regions by company type 97

      6.1.2 Top five growth regions by company turnover 99

      6.1.3 Top five growth markets by regions 101

      6.1.4 Top five growth regions by senior-level respondents 101

6.2 Demand in emerging markets 102

      6.2.1 Demand in emerging markets by region 107

      6.2.2 Demand in emerging markets by company turnover 110

6.3 Growth expectations in developed regions 112

      6.3.1 Growth expectations in developed markets by region 116

      6.3.2 Growth expectations in developed regions by company turnover 118

7 Products and Services Trends 119

7.1 Products and services pricing variations 120

      7.1.1 Products and services pricing variations by company type 120

      7.1.2 Products and services pricing variations by region 121

      7.1.3 Products and services pricing variations by company turnover 122

      7.1.4 Customer demand versus pricing variations 124

7.2 New products and services launch expectations 125

      7.2.1 New products and services launch expectations by company type 126

      7.2.2 New products and services launch expectations by region 128

      7.2.3 New products and services launch expectations by company turnover 129

      7.2.4 New products and services launch expectations by senior-level respondents 131

      7.2.5 New products and services launch versus customer demand expectations 132

      7.2.6 New products and services launch expectation versus new product development capital expenditure 132

7.3 Planned expenditure for products and services 133

      7.3.1 Planned expenditure for products and services by region 140

      7.3.2 Planned expenditure for products and services by company turnover 142

7.4 Future spending on mining equipment 143

      7.4.1 Future spending on mining equipment by region 148

      7.4.2 Future spending on mining equipment by company turnover 149

7.5 Commodity price fluctuations 150

      7.5.1 Commodity price fluctuations by company type 150

      7.5.2 Commodity price fluctuations by region 153

      7.5.3 Commodity price fluctuations by company turnover 154

8 Mining Industry Expenditure Trends 155

8.1 Capital expenditure estimation 156

      8.1.1 Capital expenditure estimation by region 161

      8.1.2 Capital expenditure estimation by company turnover 162

      8.1.3 Merger and acquisition expectation versus capital expenditure on merger and acquisition 163

8.2 Planned change in marketing expenditure levels 164

      8.2.1 Planned change in marketing expenditure levels by company type 164

      8.2.2 Planned change in marketing expenditure levels by region 166

      8.2.3 Planned change in marketing expenditure levels by company turnover 168

      8.2.4 Change in marketing expenditure versus cost containment 170

      8.2.5 Revenue growth expectations versus change in marketing expenditure 171

8.3 Variation in energy costs 172

      8.3.1 Variation in energy costs by company type 173

      8.3.2 Variation in energy costs by region 175

      8.3.3 Variation in energy costs by company turnover 176

8.4 Health and safety expenditure in mining 178

      8.4.1 Health and safety expenditure by company type 179

      8.4.2 Health and safety expenditure by region 181

      8.4.3 Health and safety expenditure by company turnover 183

      8.4.4 Health and safety expenditure by senior-level respondents 185

8.5 Variations in regional supplier prices 186

      8.5.1 Variations in regional supplier prices by company type 186

      8.5.2 Variations in regional supplier prices by region 187

      8.5.3 Variations in regional supplier prices by company turnover 189

9 Appendix 191

9.1 Full survey results - closed questions 191

9.2 Contact us 200

9.3 About ICD Research 200

9.4 Disclaimer 200

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