Technology Investment Priorities in Asian Mining, 2015: Market Size, Share, Trends, Analysis and Research

on Monday, 2 March 2015 include new market research report " Technology Investment Priorities in Asian Mining, 2015: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

This report provides a detailed analysis of investment intentions in 12 areas of technology in the Asian mining sector. The analysis is based upon survey of 115 mine managers, procurement managers and other key decision-makers, and focuses in particular on mine management and vehicle-related technologies.

The report is based on a survey of 115 senior managers and decision makers at 100 operating Asian mines, responsible for the purchase of plant, equipment and consumables. Survey respondents came from seven different countries: India, Indonesia, the Philippines, Pakistan, Vietnam, Mongolia and Thailand. This included six different commodity groups and a range of surface and underground mining operations. Respondents were asked to outline their current and future intentions for technology investments across 12 areas, which included mine design, mine survey equipment, scheduling and optimization, equipment health monitoring and machine automation. The report outlines the drivers for these investments and outlines safety, productivity and cost cutting needs as influential in decision making.

Executive summary:-

Overall trends in the data revealed:

  • The primary technologies in which respondents plan to increase investments are mine management software for scheduling/optimization, mine survey equipment, equipment health monitoring and mine design and modelling software.
  • 60% or more of mines have already invested in mine management related software and technologies.
  • Technologies with the lowest site presence are real time video training and remote control equipment/machine automation.
  • Investment in Environmental monitoring adn emissions management technology is set to increase significantly in the coal sector and in Indonesia.
  • Only a small percentage (6%) currently use autonomous vehicles and an even smaller (2%) number of respondents are planning to implement autonomous vehicles on site in the coming two years.
  • Indian mines have a higher rate of planned investments into vehicle-related technologies in comparison to other African nations.
  • Safety is the number one driver of technology investments. No matter in which way the data is organized, safety continually drives the need to invest in technology.

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Key Highlights:-

  • The top two areas for future technology investment are mine management software (scheduling/optimization) and mine survey equipment. These areas are parts of a broader group of technologies that are considered advanced mine site technologies and support digital mining.
  • Indian mines already consider their investments sufficient in the key technologies (22-53% for various vehicle technologies and 36-56% for various mine management technologies), meaning the best opportunities for future spend are in markets such as Indonesia and the Philippines.
  • Coal and base metals were the commodity sectors with the highest share of respondents considering additional investments in the next two years.
  • Only a small percentage of respondents have autonomous vehicles currently active on site (6%), with an even smaller percentage (2%) considering implementing the technology in the coming 2 years. A large proportion, 48%, do not expect to autonomous vehicles at their mines in the foreseeable future.

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