Autonomous Haulage Systems To Reshape The Global Copper, Nickel, Lead, And Zinc Mining Market
Posted October 8, 2018 by aleemtbrc
The global copper, nickel, lead and zinc mining market was valued at around $140 billion in 2017. Asia Pacific was the largest region in 2017.
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The copper, nickel, lead and zinc mining industries include companies developing mine sites, mining and converting ores into copper, nickel, lead or zinc content. Mining is either done through underground and surface mining techniques. Underground mining are used to reach deeper deposits which requires digging tunnels or shafts to reach buried ore deposits. Surface mining is used for less valuable deposits and is done by removing surface vegetation or layers of bedrock to reach ore deposits. 80% of zinc mining is extracted through underground mining whereas 90% of copper mining is done in open pits.
The market in this report is segmented into copper ore mining, zinc ore mining, lead ore mining, and nickel ore mining segments.
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The global copper, nickel, lead, and zinc mining market has been declining in the past years with a CAGR of almost -0.1%. The year 2017 recorded growth in this market with a net market value more than .2% lower than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the decline claims.
The report also shows the global copper, nickel, lead, and zinc mining market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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The use of autonomous hauling systems trucks in the mining industry is significantly enhancing production efficiency and reducing turnaround time. Autonomous haulage systems control and track mining vehicle movements, coordinates and autonomously drives off-highway haul trucks operating in a mine. This system increases efficiency by minimizing delays, reducing operating costs and reducing fuel consumption, thereby minimizing carbon emissions. For example, RioTinto has already implemented AHS in their mines and has reported 13% reduction in load and haul operating costs from the automated fleet.
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Companies included in the report are Glencore plc, Corporacion Nacional del Cobre de Chile (Codelco), BHP Billiton Ltd, Grupo Mexico, Norilsk Nickel, Freeport-McMoRan Inc., Vale SA, Southern Copper Corporation, Anglo American plc, and First Quantum Minerals Ltd.
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| Contact Email | [email protected] |
| Issued By | Aleemuddin |
| Phone | 02071930708 |
| Business Address | The Business Research Company, www.thebusinessresearchcompany.com |
| Country | United Kingdom |
| Categories | Business , Construction , Manufacturing |
| Tags | copper , mining global market report , mining market research report , nickel |
| Last Updated | October 8, 2018 |