Australian mine managers anticipate growth in mining tech, survey finds

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20th January 2016 11:26 - Industrial

According to a new survey by Timetric’s Mining Intelligence Center (MIC), Australian mining businesses are investing in equipment-related mining technologies and anticipate that the investment will increase by 2018.

The Mining Intelligence Center questioned 100 mine managers and other senior decision makers from Australian operating mines. The researchers asked the participants to select, out of 12 varied mine site technologies, which ones they had invested in and will invest in, in the future. The technologies listed included, environmental monitoring, energy management, fleet management, wearable technology and collision avoidance technology.

The survey findings revealed that 88 per cent of the respondents have invested in environmental management technologies, as well as technologies which focus on vehicles and mobile equipment on mine sites.

Senior Analysit at Timetric Mining Intelligence Center, Nez Guevara, said of the market research findings:

“The results show the Australian mining industry recognizes environmental accountability, social responsibility and commercial success are not inseparable. Monitoring the sustainability of a mine operation covers its entire life cycle, from exploration and feasibility, to decommissioning and closure,”

The results found that there were 5 other mining technologies with more than 80 per cent uptake such as: fleet management (85 per cent), predictive maintenance (85 per cent), tyre monitoring (83 per cent), scheduling and shift optimisation (81 per cent) and collision avoidance technologies (80 per cent).

The survey also found that 92 per cent of mine are anticipated to have invested in tyre monitoring technology. As well as this, 90 per cent will have collision avoidance technologies and 77 per cent will have invested in remote control and machine automation on mining sites before 2018.

“The speed at which companies can adapt to become more efficient is crucial for success in an industry that now maintains a tight grip on capital and operational expenses. This is more of a necessity at present, as low commodity prices affect the industry globally,” added Guevara.

“Improvements in technology can change the way companies view mineral deposits, improve operational safety and manage overall costs.”

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