Remote surveying and geological mapping for mines and quarries is increasingly being done using LIDAR and UAV as it offers fast, accurate data to plan mining processes. LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances). LIDAR is used for surveying the mining area and helps in determining ore body, mining pit volume, and pre-strip and spoil surface volumes. UAVs, which stands for unmanned aerial vehicle or drone, is a type of aircraft that operates without a human pilot onboard. The recent improvements in technology have resulted in the development of UAVs for multiple purposes. In mining, UAVs are used for aerial photography, remote sensing, and searching, monitoring and providing information from hazardous locations. Companies are using these techniques for resource calculation, supporting photography (land usage, SEIA, etc.) and geophysical & watershed/catchment area modeling. It provides a significant geotechnical advantage.
THE BUSINESS RESEARCH COMPANY EXPECTS THE GLOBAL STONE MINING AND QUARRYING MARKET TO GROW TO $169 BILLION BY 2021
Asia Pacific was the largest region in the stone mining and quarrying market in 2017, accounting for more than half of the market share. This was mainly due to the large size of the region, mainly characterized by plentiful mineral resources, and an extensive construction market.
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The chart below shows the year-on-year growth of the global stone mining and quarrying market during 2017– 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, the problem of urban conglomerates expanding into rural areas containing mines has raised environmental concerns with noise and air polluting practices of drilling and blasting carried out in the mines. This issue has offered rise to the idea of using surface removal/excavation machines. The precision surface mining is increasingly being deployed in mining and quarrying industry to reduce noise and air pollution caused by drilling and blasting. It also helps in adhering to the environmental norms and policies of the state and national governments.
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Vulcan Materials Company was the largest player in the stone mining and quarrying market, with revenues of $3 billion in 2016. Vulcan’s growth strategy aims at geographical expansion by acquiring companies in similar markets. In 2014, the company made 8 acquisitions out of which 6 acquisitions expanded its aggregate business across Arizona, California, New Mexico, Texas, Virginia and Washington D.C.
Stone mining and quarrying industry primarily includes the development of mine sites, mining and quarrying of dimension stone such as rough blocks or slabs of stone and crushed and broken stone. It also comprises stone beneficiating activities such as crushing, grinding, washing, screening, pulverizing, and sizing.
Stone Mining And Quarrying 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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