Research & Markets: Phelps Dodge Mining & Newmont Mining Are Two of the Leading Companies Operating in the Metal Ore Mining Industry
Posted on: Thursday, 9 November 2006, 12:00 CST
Research and Markets (http://www.researchandmarkets.com/reports/c44892) has announced the addition of the First Research report: Metal Ore Mining - Industry Profile to their offering.
Covering over 175 industries and updated every 90 days, the First Research Industry Profiles do the "heavy lifting" for you -- saving your sales team valuable research time, enhancing client communications and giving you the competitive edge to win more business.
Easy-to-use and up-to-date, the Industry Profiles provide you with the industry research necessary to stay on top of constant changes in select industries.
The First Research profiles help target your products and services directly to prospects. The Industry Profiles provide the information and understanding you need to engage new prospects during the sales process, deepen customer relationships and strengthen your own bottom line.
Topics Covered
Industry Overview
Quarterly Industry Update
Business Challenges
Trends and Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Website and Media Links
Glossary of Acronyms
Summary
Brief Excerpt from Industry Overview Chapter:
The US metal ore mining industry includes about 250 companies with combined annual revenue of over $7 billion. Major companies include Phelps Dodge Mining (copper) and Newmont Mining (gold); most mining companies are small, privately owned firms. Metal ore mining is highly concentrated - the largest ten gold companies account for 80 percent of revenue, while the largest ten copper and nickel companies account for 95 percent.
COMPETITIVE LANDSCAPE
Demand is driven by industrial demand and economic growth, both domestic and foreign. Individual company profitability depends on volume and operating efficiency. Large companies can afford to discover and develop new deposits and increase reserves. Small companies typically own just one mine, limit exploration to that one property, and operate it as efficiently as possible. Metal ore mining is highly automated: annual revenue per employee is about $300,000.
The industry includes companies that mine and process gold, silver, copper, nickel, lead, zinc, iron ore, and other metals.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include gold bullion (35 percent of revenue); iron ore (25 percent); and metal concentrates (20 percent). Iron ore is used to make steel for many industries. Precious metals such as gold and silver are used in jewelry and electronics; copper is commonly used in construction.
Almost all US metal ore mining companies use open-pit mines, where the surface is removed to reach ore deposits.
Companies Mentioned Include:
Phelps Dodge Mining
Newmont Mining
For more information visit http://www.researchandmarkets.com/reports/c44892
Source: Business Wire
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