Considering how much construction and engineering companies have seen their share prices soar over the past few months, anyone looking closely might wonder if a new mining boom is underway.
Commodities prices, including iron ore and oil have risen, but so have expectations that prices for many more commodities like coal, gold and copper will stay higher for longer.
Here is a selection of mining services-related companies and their share prices moves in the past three months.
| Company | Share Price | Market Cap ($m) | Price change |
| Monadelphous Group Limited (ASX: MND) | $14.76 | $1,380.0 | 20.0% |
| ALS Ltd (ASX: ALQ) | $7.69 | $3,877.5 | 24.0% |
| Macmahon Holdings Limited (ASX: MAH) | $0.18 | $212.6 | 7.0% |
| RCR Tomlinson Limited (ASX: RCR) | $3.63 | $507.4 | 20.0% |
| Ausdrill Limited (ASX: ASL) | $1.83 | $572.1 | 32.0% |
| Watpac Limited (ASX: WTP) | $0.62 | $115.4 | 31.0% |
| NRW Holdings Limited (ASX: NWH) | $0.63 | $201.1 | 10.0% |
| Southern Cross Electrical Engineer Ltd (ASX: SXE) | $0.57 | $90.9 | 16.0% |
Source: S&P Glboal Markets Intelligence, Google Finance.
Ok, I've cherry-picked that list, with several engineering and construction companies seeing their share prices sink over the past three months, including AJ Lucas Group Limited (ASX: AJL) and Cardno Limited (ASX: CDD).
However, when large services companies like Monadelphous and ALS Ltd are seeing price gains of 20% and above, it might indicate that the sector could be coming back to life following a crash in capital expenditure over the past few years.
