According to the report analysis, ‘Copper, Nickel, Lead, And Zinc Mining Global Market Report 2019’ states that the copper, nickel, lead and zinc mining market efficiently comprises of sales of copper, nickel, lead and zinc ores and focusses by numerous entities (organizations, sole traders and partnerships) that mine copper, nickel, lead and zinc ores. The industry involves the establishments that improve the mine sites, mine and renovate the ores into copper, nickel, lead or zinc concentrates. The mining is either through underground or surface mining techniques or both.
Additionally, in the market of copper, nickel, lead and zinc mining, there are numerous key players which recently performing more positively across the globe while advancing the autonomous technologies on the sites, employing the skilled labors at the sites and increasing requirement to the installation of autonomous technologies includes Glencore plc, Corporacion Nacional del Cobre de Chile (Codelco), BHP Billiton Ltd, Grupo Mexico, Freeport-McMoRan Inc and several others.
Additionally, based on the geography, the market of copper, nickel, lead, and Zinc mining is spread across the globe which majorly involves the Asia Pacific region, South America, Europe, and Rest of the World. Whereas, the Asia Pacific economy was the largest region in the global copper, nickel, lead, and zinc mining market, significant registering for 53% of the market in 2018. South America was the second foremost economy dominating for 17% of the global copper, nickel, lead, and zinc mining market. For instance, the Middle East was the smallest economy in the global copper, nickel, lead, and zinc mining market.
The effective usage of the autonomous hauling systems trucks in the mining industry is significantly developing the production efficiency and decreasing the turnaround time. The efficient Autonomous haulage systems control and trajectory the great mining vehicle movements, coordinates and autonomously drives the off-highway haul trucks operating in a mine. This system develops the productivity by minimalizing delays, deducting the operating costs and decreasing the fuel consumption, thereby decreasing carbon emissions. For example, RioTinto has previouslyemployed AHS in their mines and has reported 13% deduction in load and haul operating costs from the automated fleet.
Moreover, the autonomous haulage truck are significantly used to transport the waste and ore introduced in the mines. The Autonomous haulage trucks use the global positioning system (GPS) to link with a centralized computer and several other haulage trucks in the fleet. Such truck travel along a fixed route and can function continuously. Not only has this, the autonomous haulage trucks deliver the ease of maneuverability over short distances, such as a mining field, and hence, the mining corporates prefer the trucks instead of rail vehicles.
The autonomous haulage trucks are able of decreasing labor costs by up to 80%, which in turn is propelling the requirement for the autonomous haulage trucks. Nevertheless, the mining corporates are aimed on developing the overall productivity of their mines and therefore, they are accepting developed technologies in order to decrease the costs. Therefore, in the near years, it is expected that the market of copper, nickel, lead, and zinc mining market across the globe more positively over the coming years.
For more information on the research report, refer to below link:
Mining Global Market Report 2018 Including: Support Activities For Mining; General Mineral Mining; Stone Mining And Quarrying; Copper, Nickel, Lead, And Zinc Mining; Metal Ore Mining; Coal, Lignite, And Anthracite Minin Covering: BHP Billiton Ltd, Glencore Plc, Vale SA, Rio Tinto Group, CRH Plc
Ankur Gupta, Head Marketing & Communications