Mining capital investments set to grow: Foster Wheeler
Oct 12, 2012 | 01:14 PM
| Catherine Ngai
HOUSTON While global economic uncertainty plagues the commodities markets, capital-intensive projects in the metals and mining sector are expected to increase in the near term, according to an executive at engineering and construction firm Foster Wheeler USA Corp.
"Were seeing wild price swings up and down in the metals sector. However, this strong pricing in raw materialssuch as ferrous scrap, rebar, beams, copperhas led to a strong metals and mining capital project market sector for (engineering, procurement and construction firms)," John K. Crockett, director of procurement and subcontracts at the Houston-based company, told attendees at the Journal of Commerces Breakbulk Americas Conference. ....
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