New report examines the technology investment priorities in Australian mining, 2016

Report shows Australian Mining companies want to buy drone technology

[Editor’s Note: The report noted that in the next two years, drones are the primary technology that Australian mining companies will best most interested in purchasing.]

This post originally appeared https://www.whatech.com/market-research/mining/218826-technology-investment-priorities-in-australian-mining-2016.

The analysis is based upon Publisher’s survey of 100 mine, general, maintenance, and procurement managers, including other mine-site and corporate decision-makers. The focus is on what technologies mines currently have, and in which technologies they are planning to invest over the next two years.
Areas of analysis include:
-Mining companies’ intentions for investments in the coming two years, across a range of mine-site technologies including UAVs/drones, remote control/machine automation, real-time video training, collision avoidance/proximity detection, energy management and predictive maintenance.

Reportwww.reportsweb.com/inquiry&RW0001149181/
-Comparisons of investment intentions across segments, including four commodity groups, three mine types, five mine-size categories and company  revenues.
-Comparisons highlighting differences between current and prospective investments across three major states: Western Australia, Queensland and New South Wales.
-Specific insight into the software platforms each mine site is using across five different mine site departments, with details of market leaders and their software products.
-Comparison of the penetration of technologies in 2014 contrasted to current investment levels in 2016.
Report Summary

Overall trends in the data revealed:
-The primary technologies expected to see the greatest increases in penetration over the next two years are UAVs/drones, followed by  remote control/machine automation, and real-time video training.

-80% of mines have already invested in collision avoidance, scheduling and shift optimization, tire monitoring, predictive maintenance, fleet management and environmental monitoring technologies.
-UAVs/drones have the least penetration of the technologies with only 40% currently invested. This was followed by real time video training with 42% of mines invested.
-The greatest increase in penetration over the last two years has been in collision avoidance technologies, with expectations in Publisher’s 2014 survey far exceeded. Fleet management, tire monitoring and fatigue management technologies were other fields that also exceeded investment expectations from Publisher’s previous survey in 2014.
-Markets expected to have the greatest increases in technology penetration over the next 2 years are expected in Queensland and within the coal and precious metals sectors.
-Companies with revenues below US$1 billion are planning more investments over the next two years than all other companies.
-Vulcan is the most used software, nominated by 33% of the mines This was followed by Surpac with 16% and Xpac with 10%.

Report Scope

The report is based on responses from a survey of 100 senior decision makers at operating Australian mines, responsible for the purchase of equipment for plant and mine operations, along with consumables and services. The mines are located across eight different states and territories, with Western Australia, Queensland and New South Wales accounting for 88% of the mines.This included four main commodity groups and a range of surface and underground mining operations.

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