The implementation of IoT in the mining industry is enhancing decision making capabilities and reducing production costs. IoT enables the sensors to pick up real time data, analyze the data, facilitate equipment communication, identifies faulty equipment and derive insights from the data generated. With fully integrated network, the mining equipment is monitored on real time basis and a report is projected on when the repairs or maintenance is required. In the near future, IoT is expected to become the standard in mining industry.
THE BUSINESS RESEARCH COMPANY EXPECTS THE COPPER, NICKEL, LEAD, AND ZINC MINING MARKET TO GROW TO $170 BILLION BY 2021
Asia Pacific was the largest region in the copper, nickel, lead, and zinc mining market in 2017, accounting for half of the market share. This was mainly due to copper and lead demand by the electrical and electronic industry for manufacturing.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, Heap leaching technology has become the preferred approach for beneficiation and has increased the productivity of mining industry by helping to economically recover minerals and metals from low grade ores. Beneficiation is the process whereby the extracted material is reduced to particles that can be separated into mineral and waste. In heap leaching, ore is crushed, agglomerated and is stacked onto an impermeable pad, creating the heap. Major advantages of heap leaching include simple design, lower capital investments and operational costs, lower energy and water requirements. Heap leaching is frequently used in gold and copper industries, but now it is gaining acceptance in other mining industries like silver, uranium, nickel and zinc.
Glencore Plc. was the largest competitor in the copper, nickel, lead and zinc mining market in 2017, with revenues of $22 billion in 2016. Glencore’s growth strategy aims at diversifying its product offerings and carrying out geographical expansion through mergers and acquisition. In 2013, Glencore merged with Xstrata to gain better control over the mining resources of its then-34% associate Xstrata. In 2017, the company acquired Mutanda Mining Sarl and Katanga Mining Limited, copper and cobalt mining companies based in Congo and Canada.
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 is 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.
Copper, Nickel, Lead, And Zinc Mining Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $6000 for an individual user. To use across your office, the price is $9000 and $12000 if you wish to use across a multinational company.
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