SOURCE: Industrial Info Resources

Industrial Info Resources

September 17, 2012 06:15 ET

Mines Drive Sharp Growth in Global Demand for Water Management Services, an Industrial Info News Alert

DENVER, CO--(Marketwire - Sep 17, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The global market for water and water treatment services, particularly for companies in the Metals & Minerals Industry, continues to grow at double-digit rates despite the anemic U.S. economy and the slowdown of China's and India's economy, speakers and attendees said at the "Water Management for Mining" conference here last week. Today, the world's mines spend more than $7.5 billion annually for water management services, but that number is expected to reach $14 billion by 2014, according to Christopher Howell, the global director of mining & primary metals for Veolia Water (Paris, France).

Featured companies: Goldman Sachs Group Incorporated (NYSE:GS) and Newmont Mining Corporation (NYSE:NEM).

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