[miningmx.com] – JOHANNESBURG-listed mining contractor, Buildmax, was confident coal prices would recover which would help its business perform better, said BDLive citing the company’s annual financial results.
“In order to unlock our strategy, we are highly reliant on our ability to maintain our volumes in the coal sector, which is under pressure largely due to low commodity prices exacerbated by weak global demand,” Buildmax said.
“We are, however, confident that this will change in the next 12 to 18 months and we will be well positioned to take advantage of outsourcing opportunities.” it said.
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