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Technology Investment Priorities in Mining in Asia-Pacific 2016

Technology Investment Priorities in Mining in Asia-Pacific 2016

  • August 2016
  • 70 pages
  • ID: 4089269
  • Format: PDF
  • By GlobalData

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Technology Investment Priorities in Mining in Asia-Pacific 2016

Summary
Traditionally, Asia has been more associated with demand and consumption, rather than the production of commodities, with China at the forefront. However, the region is a large-scale miner of raw materials, with China, India and Indonesia making up three of the top five producers of coal globally. India was the world’s third-largest exporter of iron ore, until mining bans impacted exports in 2011. India and Indonesia have both recorded growth in their mining industries, while Vietnam, Mongolia and the Philippines are looking to expand.

During the first quarter of 2016, GlobalData surveyed over 110 mine, maintenance and procurement managers, and other key decision-makers currently working across 93 mines operating throughout the Asia-Pacific, primarily covering India, Indonesia and the Philippines. Respondents were asked to identify which have been implemented on their sites, from a range of different technologies. For those technologies not currently implemented, respondents were asked whether the mine is looking to make new investments in those fields over the next two years to 2018. Other sections of the survey investigated the specific software platforms used across different areas of the operation, as well as which specific technology investments are priorities.

Key findings included -
- Much like in other mining regions, environmental monitoring technologies had the highest rate of penetration throughout the Asia-Pacific, with 83% of mines surveyed already having invested in the technology. This was the only technology invested in by more than 80% of mines. It was followed by four technologies with similar rates of penetration – predictive maintenance (71%), energy management and optimization (70%), scheduling and shift optimization with fleet management (69%), and vehicle monitoring (69%).
- Unmanned aerial vehicles (UAVs), or drone technology, while having the lowest penetration rate of 17%, had the highest share of mines planning on making new investments over the next two years (40%). This was closely followed by remote control and machine automation technology, both with 30% planning to invest, compared with 34% of mines having currently invested.
- Mines were asked to nominate the software platform currently used onsite across five different departments. Geovia’s Surpac was the most widely implemented, with between 24% and 37% of mines using this software in each of the five areas. This was followed by Minex, another of Geovia’s platforms.

The report “Technology Investment Priorities in Mining in Asia-Pacific 2016” is based on responses from a survey of over 110 senior decision makers at operating mines in Asia-Pacific, responsible for the purchase of equipment for plant and mine operations, along with its consumables and services. Survey respondents came from 8 different countries including: India, Indonesia and the Philippines. This included four different commodity groups and a range of surface and underground mining operations.

In particular, this report provides the following analysis -
- Provides a detailed analysis of investment intentions across different areas of technology in the Asia-pacific industry.
- Focus is on what technologies mines currently have and in which technologies they are planning to invest over the next two years.
- Identifies trends in the use of technology, investment priorities and the anticipated future penetration of technology, as well as the market share of different software platforms throughout the Asia-Pacific.

Companies mentioned in this report: GEOVIA, Caterpillar, Caterpillar, Wenco International Mining, Leica, Modular, Michelin, Bridgestone, Goodyear, GE Mining, Hexagon Mining, Becker Electronics, Komatsu, Joy Global, Advanced Mining Technologies, CRCMining, FLIR Systems, Orica, AutoCAD, RungePincockMinarco, ABB.

Scope
- The report is based on responses from a survey of over 110 senior decision makers at operating mines in Asia-Pacific, responsible for the purchase of equipment for plant and mine operations, along with its consumables and services. Survey respondents came from 8 different countries including: India, Indonesia and the Philippines. This included four different commodity groups and a range of surface and underground mining operations.

Reasons to buy
- Understand which technologies have and are attracting the most investment and how this varies by commodity group mine type and size global company revenue and country.
- Target the segments with the greatest opportunity for your technology products and services.
- Segment the market according to those fully invested and those planning to make new investments into each technology

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