The use of robots in the metal
ore mining industry is improving the efficiency and productivity of mines and
reduces operational costs. Robotics is significantly increasing the mining capabilities
by rolling out autonomous trucks and drills, thus reducing the need for human
workforce. Robots are used in some critical mining activities such as drilling,
blasting explosives in the mines, and guiding and driving off-highway haul
trucks operating in mines. RioTinto has deployed driverless trucks and robotic
rock drilling rigs to haul the ore 24 hours a day and reported 15% reduction in
operating costs. For instance, BHP Billiton has also rolled out driverless
trucks and drills in its iron ore mines.
THE BUSINESS RESEARCH COMPANY EXPECTS THE METAL ORE
MINING MARKET TO GROW TO
$671 BILLION BY
2021
Asia Pacific was the largest
region in the metal ore mining market in 2017, accounting for four-fifth of the
market share. This is mainly because most countries in the region have large
mineral resources and high demand.
Order the report at: https://www.thebusinessresearchcompany.com/report/metal-ore-mining-market-global-briefing-2018
According to The Business
Research Company’s Consultant, Nitin Gianchandani, the use of renewable energy is
helping mining companies reduce power costs and control emissions in the mines.
As the solar or wind projects are built close to the mine sites, the cost of
connecting to the power grid is also reduced. Site-appropriate renewable energy
sources are reliable, consistent and also economical. BHP Billiton, RioTinto,
and Barrick Gold have started implementation of renewable energy sources in
their mines. According to a report published by EY, RioTinto aims to generate
10% of 20MW – 25MW mine demand from renewables in one of their mines and
expects to reduce its diesel use by approximately 4 million liters and its CO2
emissions by 12,000 tons.
Download a sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=610&type=smp
Rio Tinto was the largest
competitor in the metal ore mining market in 2017, with revenues of $16.5
billion for the financial year 2016. Rio Tinto’s growth strategy aims at
increasing its iron ore mine production by investing in new mines and also to
decrease its costs. In 2016, the company invested $338 million to develop the
Silvergrass mine in its Pilbara iron ore operations in Western
Australia. It has also reduced capital expenditure from $4.7 billion in 2015 to
US$3.0 billion in 2016 and is looking to reduce expenses by $2 billion
throughout 2016 and 2017.
Metal ore mining industry
primarily covers mining of metallic minerals and development of mine sites. It
also includes ore dressing, and other beneficiating operations such as
crushing, grinding, washing, drying, sintering, concentrating, calcining, and
leaching.
Metal Ore Mining Market Global Briefing 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $1000 for an individual user. To use across your office, the price is
$1500 and $2000 if you wish to use across a multinational company.
About The Business Research Company
Visit TheBusinessResearchCompany.com,
mail info@tbrc.info or call +447443439350 or
+918897263534 or +919160996838 for more information on this and many other
titles.
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
Contact Information.
The
Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas:
+1 315 623 0293
No comments:
Post a Comment