May 17, 2020

Survey: Mines in Latin America most likely to increase spending

Survey
Latin America
Africa
Australia
Admin
2 min
Survey: Mines in Latin America most likely to increase spending
Mines in Latin America are more likely to increase spending over the next 12 months than any other region, according to a new survey.

Timetrics Mining...

Mines in Latin America are more likely to increase spending over the next 12 months than any other region, according to a new survey.

Timetric’s Mining Intelligence Center (MIC) surveyed 630 mine managers to outline their planned changes in expenditure on site for the next 12 months, compared to the prior year, with respondents asked to choose from ‘significant increase’, ‘slight increase’, ‘stay the same’, ‘slight reduction’ or ‘significant reduction’.

• Related content: Survey: Latin American miners unhappy with OEMs, cost of maintenance and servicing

The survey found that 16 percent of respondents in Latin American cited ‘significant increase’ in their spending for the coming year, with only 10 percent in Africa, nine percent in Asia, four percent in Europe and Australia, and three percent in North America.

Results from the survey were analyzed with the number of operating mines in each region undergoing expansion. MIC found that Latin America had the second-highest share of operating mines currently in expansion with 15 percent, compared with Africa (13 percent), Asia (seven percent) and North America (two percent).

“Latin America has a higher share of mines planning substantial increases in their spending within the next 12 months than any other region, and with the final decisions regarding equipment purchases being mainly decided at the mine site level, OEMs and their resellers need to ensure they are close to the customer to benefit from these additional investments,” said Nez Guevara, Senior Mining Analyst at Timetric’s MIC.

The survey is based on Timetric’s report -- Purchasing Trends and Intentions for Mining Equipment, Parts and Consumables in Latin America, 2015. Over 51 percent of survey respondents were decision-makers currently working operating mines.

• Related content: [PHOTOS] 5 of the most staggering facts about the Mponeng Gold Mine

Earlier this month, Timetric released its ‘Winning and Retaining Business in the Mining Equipment Sector in Latin America 2015’ report, which surveyed 100 key decision-makers at mines throughout Chile, Peru and Brazil, and found the majority of respondents were unhappy with their OEMs.

“Timetric’s research demonstrates the current mindset of mining companies in Latin America and the importance placed on minimizing costs throughout the business,” said Guevara.

“This includes costs associated with the maintenance and servicing of heavy mining equipment. Mining companies have outlined their dissatisfaction with these costs and have indicated plans to switch OEMs within the next five years.”

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May 13, 2021

BHP, Rio Tinto & Vale launch Charge On Innovation Challenge

BHP
Vale
Rio Tinto
Charge On Innovation Challenge
3 min
BHP, Rio Tinto & Vale launch 'Charge On' Innovation Challenge - a competition for tech innovators to reduce truck emissions via electrification

Mining giants BHP, Vale and Rio Tinto have launched the 'Charge On' Innovation Challenge to solve one of the biggest challenges the industry faces today - decarbonising mining operations.

'Charge On' Innovation Challenge

In partnership with Austmine, Australia's leading mining equipment, technology and services industry association, founding patrons BHP, Vale and Rio Tinto have launched the competition to encourage technology innovators to develop new concepts for large-scale haul truck electrification systems. The main goal is cutting emissions from surface mining operations.

“The mining industry needs to be at the forefront of tackling the climate challenge. The Charge On Innovation Challenge is a great example of the current collaborative work being done by the mining industry and mobile equipment manufacturers to decarbonise mining fleets,” the trio said in a media statement.

“In addition to providing a zero-carbon energy source, the conversion of mobile mining equipment to battery-electric can potentially unlock value, as electric motors have fewer moving parts when compared to standard equipment.”

A number of non-traditional mining sector vendors are actively developing technologies that can assist in mine electrification. By submitting a Challenge to the market, the Patrons of Charge On expect to:

  • Demonstrate there is an emerging market for charging solutions in mining
  • Accelerate commercialization of solutions
  • Indicate to suppliers, the mining industry seeks interoperable solutions
  • Maintain multiple actors and competition in the supply chain
  • Integrate innovations from other sectors into the mining sector

"We expect some solutions identified in the Challenge could provide propulsion to existing diesel-electric trucks. This may present a pathway to early implementation for dynamic charging solutions," the trio said.

Charge On

Paris Agreement

Found patrons BHP, Vale and Rio Tinto are pledging their commitment to fighting climate change:

"The mining industry has an important role to reduce emissions and do our part to achieve the Paris Agreement goals to limit the impacts of climate change."

The Charge On Innovation Challenge asks vendors to present interoperable solutions that can safely deliver electricity to large battery-electric off-road haul trucks in a way that maintains or improves current productivity levels. Specifically, mechanisms capable of delivering in the order of 400kWh of electricity to each truck within a haul cycle (ie load, travel, dump, return, queue). The delivered electricity is to charge a battery, and if applicable directly propel the truck.

Austmine CEO Christine Gibbs Stewart commented: “We expect the Challenge will attract companies from a broad range of sectors including mining, automotive, aerospace, agriculture, and defence to deliver selected charging concepts to create a standard product that can interface with all trucks."

More information about the challenge will be released on May 18.

Electrification

The competition echoes growing efforts being made across the industry to tackle emmissions and promote electrification. In march this year, the Electric Mine Consortium was launched. It's founding members include Gold Fields, Dassualt Systemes and Sandvik who pledged their commitment to decarbonising mining operations.

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