FLEETS

Market for surface-mining equipment falls

The market for large mobile equipment used by the world’s largest surface miners fell in the March quarter, according to Parker Bay’s Surface Mining Equipment Index

Nadav Shemer
Surface mines are purchasing less equipment, according to Parker Bay

Surface mines are purchasing less equipment, according to Parker Bay

The index fell more than 10 points from the previous quarter to 48.3, a decline of more than 70% from the peak it achieved in the March quarter 2012. The index opened at 100 in the March quarter 2007. ...

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