Technology Investment Priorities in African Mining 2014: Industry Share, Size, Trends and Forecast Report

on Monday, 1 December 2014 include new market research report " Technology Investment Market Priorities in African Mining 2014: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

Technology Investment Priorities in African Mining, 2014 published by Timetric’s Mining Intelligence Centre, provides readers with a detailed analysis of investment intentions in 12 areas of technology in the African mining sector. The analysis is based upon Timetric’s survey of 108 mine managers, procurement managers and other key decision-makers, and focuses in particular on mine management and vehicle-related technologies.

Executive summary:-
  • Overall trends in the data revealed:
  • The majority of respondents plan to increase investments in fatigue management software and collision avoidance/proximity detection technologies.
  • 60% or more of mines have already invested in mine management-related software and technology. 
  • Technology with the lowest presence on sites include real-time video training, and remote-control equipment/machine automation.
  • Environmental monitoring investments are set to increase for those working in coal and precious metal mines.
  • Only 12% of respondents currently use autonomous vehicles, and only 6% are planning to implement autonomous vehicles on site in the coming two years.
  • South African mines have a higher rate of planned investments in vehicle-related technology than other African nations. 
  • Safety is the number-one driver of technology investment. No matter how data analyzed, safety continually drives the need to invest in technology.
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Key highlights:-
  • The top two areas for future technology investment are fatigue management and collision avoidance/proximity-detection tools. These technologies tackle safety issues faced by operators on a day to day level. 
  • A significant share of companies in South Africa have invested and are planning further investments into vehicle-related technologies, when compared with the rest of Africa. Of the 19% that had yet to invest in fleet management technologies, all were considering doing so within the next two years.
  • South African mines, in comparison to those in other African nations, had invested far more in mine-site technologies and a large proportion of mines had already full invested in a number of technologies with no further investments were planned. In particular, 38% had full invested in mine scheduling and optimization software and 35% in mine design andmodelling software.
  • Only a small percentage of respondents have autonomous vehicles currently active on site (12%). With an even smaller percentage (6%) considering implementing the technology in the coming 2 years. A large proportion, 38%, do not expect to autonomous vehicles at their mines in the foreseeable future.

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