Market Research Logo

Technology Investment Priorities in Latin American Mining, 2015

Technology Investment Priorities in Latin American Mining, 2015

Synopsis

This report provides a detailed analysis of investment intentions towards 12 areas of technology in the Latin American mining sector. The analysis is based upon Timetric’s survey of over 100 mine managers, procurement managers and other key decision-makers across 76 operating mines. It focuses in particular on mine-management and vehicle-related technologies.

Areas of analysis include:

  • Mining companies’ priorities for investments in the coming two years, across 12 mine-site technologies including remote control/machine automation, productivity monitoring systems, equipment health monitoring, mine management software and communication products to name a few, with separate analyses for mine-management and vehicle-related technologies.
  • Comparisons of investment intentions across segments, including four commodity groups, three mine types and global annual revenue.
  • Comparisons highlighting differences between current and prospective investments across four major countries: Peru, Chile, Colombia and Brazil.
  • Specific insight into the potential for autonomous vehicles, trends of current use and expectations for investment over the next ten years.
Summary

Overall trends in the data revealed:
  • The primary technologies in which respondents plan to increase investments are specifically remote control/machine automation, productivity monitoring systems, equipment health monitoring, mine management software and communication products.
  • At least 50% of respondents all 12 technologies in place at their sites.
  • 20% of respondents are currently using autonomous vehicles, with a further 7% planning on implementing in less than 2 years. A share of 31% of respondents has no plans on using the vehicles in the forseeable future.
  • Safety is the leading driver of technology investment,followed by productivity improvements and then cost reduction.
Scope
  • The report is based on responses from a survey of 103 senior decision makers at operating Latin American mines, responsible for the purchase of equipment for plant and mine operations, along with its consumables.
  • Survey respondents came from 14 different countries including: Peru, Chile, Colombia, Brazil, Mexico, Venezuela, the Dominican Republic and Bolivia. This included four main commodity groups and a range of surface and underground mining operations.
Reasons To Buy
  • Understand what factors most influence technology investment, and how this varies by commodity group, mine type, global company revenue and country.
  • Target the segments with the greatest opportunity for your technology products and services.
  • Segment the market according to those fully invested, those partially invested and those not considering investment for each technology.
Key Highlights
  • The primary technologies in which respondents plan to increase investments are specifically remote control/machine automation, productivity monitoring systems, equipment health monitoring, mien management software and communication products.
  • At least 50% of respondents already have each of the 12 technologies in place at their sites.
  • 20% of respondents are currently using autonomous vehicles, with a further 7% planning on implementing in less than two years.
  • Safety is the leading driver of technology investments, followed by productivity improvements and cost reduction.


  • EXECUTIVE SUMMARY
  • TECHNOLOGY INVESTMENT INTENTIONS IN LATIN AMERICA
    • Benchmarking Investment Intentions across 12 Technologies
  • TECHNOLOGY INVESTMENT INTENTIONS FOR MINE MANAGEMENT
    • Technology Investments in Mine Management Tools
    • Mine Management Technology Investment by Mine Type
    • Mine Management Technology Investment by Commodity
    • Mine Management Technology Investment by Company Size
    • Mine Management Technology Investment by Country
  • TECHNOLOGY INVESTMENT INTENTIONS FOR VEHICLES
    • Overview of Vehicle-Related Technologies Investments and Intentions
    • Vehicle-Related Technology Investments by Mine Type
    • Vehicle-Related Technology Investments by Company Size
    • Vehicle-Related Technology Investments by Commodity
    • Vehicle-Related Technology Investments by Country
    • Vehicle-Related Technology Investments - Remote Control and Machine Automation
    • Automation in Mining Equipment and Autonomous Vehicles
    • Respondent Plans for Using Autonomous Vehicles
    • Respondent Plans for Using Autonomous Vehicles by Mine Type
    • Respondent Plans for Using Autonomous Vehicles by Commodity
    • Respondent Plans for Using Autonomous Vehicles by Country
  • SAFETY IS THE KEY DRIVER OF TECHNOLOGY INVESTMENT
  • CONCLUSION
  • APPENDIX I
    • Selected Data Tables
      • Table Respondent Intentions to Invest in 12 Mine-Site Technologies (%), 2015
      • Table Top Areas for Future Technology Investments (%), 2015
      • Table Mine Management Technology Investment Intentions (%), 2015
      • Table Intended Mine Management Technology Investment by Mine Type (%), 2015
      • Table Intended Mine Management Technology Investment by Commodity (%), 2015
      • Table Intended Mine Management Technology Investment by Company Size (%), 2015
      • Table Mine Management Technology Already in Place by Country (%), 2015
      • Table Vehicle-Related Technology Investments and Intentions (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Mine Type (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Company Size (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Commodity (%), 2015
      • Table Intended Vehicle-Related Technology Investment by Country (%), 2015
      • Table Respondent Plans for Using Autonomous Vehicles On-Site by Mine Type (%), 2015
      • Table Respondent Plans for Using Autonomous Vehicles On-Site by Commodity (%), 2015
      • Table Respondent Plans for Using Autonomous Vehicles On-Site by Country (%), 2015
      • Table Ranking of Dominant Drivers of Technology (%), 2015
      • Table Ranking of Dominant Drivers of Technology by Commodity (%), 2015
      • Table Ranking of Dominant Drivers of Technology by Country (%), 2015
  • APPENDIX II
    • Survey Background
    • Analysis of the Survey Sample
  • APPENDIX III
    • What is This Report About?
    • Methodology
    • Contact Timetric
    • About Timetric
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report