- The Australian mining sector is estimated to contribute AU$310 billion to the country’s GDP in 2020-21.
- For the year 2021-22, the estimates are placed even higher at AU$334 billion.
- As the global economy is showing signs of a rebound from COVID-19, opportunities are emerging for Australian miners and specialised mining service providers.
- Saunders has a proven track record in providing cost-effective and innovative design, construction, and maintenance solutions for mining projects.
Commodity prices are surging to levels not seen in years as the world economy rebounds from the impact of the COVID-19 pandemic. The prices of commodities like copper, iron ore, LNG, aluminium, and battery-related minerals are breaking previous records, and the upward trajectory is expected to continue in the short to near term.
Australian Mining Industry Overview
The Australian mining sector accounts for nearly 10% of the total GDP and more than 50% of total exports, according to the Resources and Energy Quarterly’s June 2021 edition. The sector provides direct employment to around a quarter of a million people.
For the period 2020-21, the Australian export values are expected to be around AU$310 billion. Investments in exploration projects are on the rise, with activities at several projects picking up pace after a brief halt due to the COVID-19 pandemic and associated containment measures.
The growing mining activities are expected to have a trickle-down effect and result in enormous opportunities for the service industry, which is engaged in providing dedicated design, maintenance, and construction services.
When it comes to the resources and mining services industry, Saunders International Limited (ASX:SND) has acquired a unique position in the industry. The Company has provided some of the most unique and innovative solutions to the industry. Saunders delivers a full range of engineering services from Front Engineering Design (FEED) to detail design, construction, and commissioning.
A glimpse of some of the projects undertaken by Saunders:
Saunders’ strong track record
Saunders International has a strong and proven track record in delivering innovative and cost-efficient design, construction, and maintenance services to the mining industry.
The Company maintains a pool of experts and skilled professionals to cater to the needs of the mining industry ranging from gold to coal. Its expertise covers leach tanks, bulk material bins, thickeners, clarifiers, and other process tanks.
The Company also provides sound solutions for major mining operations, including material handling, storage and mineral processing.
Some of the major areas of expertise include:-
Image Source: Copyright © 2021 Kalkine Media, Data Source: SND Website
Due to its immaculate experience of more than seven decades and in-house expertise to deliver a wide range of projects and services, the Company has been successful in retaining several of its clients since 1951.
The shares of SND last settled at AU$0.77 on 9 August 2021. The stock has delivered a handsome return of around 33% in the year-to-date period. The Company has a market cap of AU$81.08 million.