Eco Metals Recovery

11 MARKET S IZE ▲ In 2011, during the mining-boom, the mining sector was worth nearly $2.5 trillion but in 2015 it was estimated below $1 trillion. ▲ Due to the fact that top 50 mining companies control most of the market, EMR calculate the total addressable market as the total revenue of these companies, which was $814 billion in 2017. ▲ The total addressable market for the mining equipment industry is expected to be $156 billion by 2022. The compound annual growth rate (CAGR) of this market is 7.9%, meaning that in 2018, theTAM for the mining equipment industry and thus the market for EMR, is estimated at a minimum to be $110 billion . ▲ According to market analysts, market growth in the mining equipment industry is likely to be driven by increasing demand for coal in electricity generating applications, growing demand for technologically advanced mining equipment, eco-friendly mining, and the use of precious metals for advanced technology applications. ▲ The research firmStatistica believe global mining equipment demand will exceed $104 Billion in 2019 (see graph opposite). ▲ StandardChartered meanwhile believe that global AI spending will exceed $57 Billion by 2021. Sources: http://www.mining.com/mining-industry-value-drops-below-one-trillion-dollars/ https://finance.yahoo.com Global mining equipment demand in 2019 by region (MM $USD) Source: PwC, Standard Chartered Global AI-focused spending to accelerate Global AI-focused spending (USD, billion) Includes AI-focused spending on hardware, software (applications + software platforms), and services (IT consulting & system implementation)