Building & Investment (Jan - Feb 2016) (Jan - Feb 2016) | Page 29

News & Events Connecting Global Competence Unearth the innovation potential. What technologies and innovations will define, change and revolutionize the global mining industry in the future? Find out at bauma 2016. You can expect: Secure your ticket 700 exhibitors with mining products now at: Halls B2, C2 and C3 and the bauma Forum www.bauma.de/tickets/en all focus on mining 605,000 m2 of total exhibition space with plenty of other products and components for mining 31st Edition of the World’s Leading Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment www.bauma.de bauma Official Contact: Malaysian-German Chamber of Commerce and Industry | [email protected] | Tel: [phone] for 11 percent, followed by China with eight percent, the US with seven percent and Russia with approximately five percent. In the medium term, the sector is cautiously optimistic about the future, with increase in customer enquiries being reported - an indication that customers are again starting to look at buying new equipment. Also some companies are successfully opening up new areas of business, for example in hard-rock mining. The VDMA Mining Association expects that demand for the metallic but also mineral raw materials extracted in hard-rock mining will increase substantially as a result of a global expansion in alternative methods of energy production. Another reason for this cautious optimism, says Schulte Strathaus, is in the need for raw material producers to reduce costs: “In order to achieve profits in the current low-price environment, they have to increase the efficiency of their machinery and plant, and thereby reduce their costs.” A global trend towards increasing safety also benefits the sector, he reports. Many countries, like China and Turkey, are busy making their coal mines safer. And April 11–17, Munich All around construction site. Mining machinery in bauma. as regards to the technology required for this, the German mining industry - at least in underground mining - Germany is the global leader. The sector seems therefore to be regaining optimism in time for bauma in Munich, and that is also being backed up by the registrations coming in from exhibitors in this area. Mareile Kästner, Exhibition Director of bauma, explains: “The current difficult situation in the sector is not being reflected in the registration figures for exhibitors at bauma. The interest from mining companies and manufacturers of mining products in exhibiting at bauma is still very high.” A list of all the exhibitors registered so far for the mining section is available online at http://exhibitors.bauma. de/en/exhibitors-products/mining (correct to December 2015). Q Building & Investment | www.b-i.biz 25