The copper, nickel, lead and zinc mining industries include companies
developing mine sites, mining and converting ores into copper, nickel, lead or
zinc content. Mining is either done through underground and surface mining
techniques. Underground mining are used to reach deeper deposits which requires
digging tunnels or shafts to reach buried ore deposits. Surface mining is used
for less valuable deposits and is done by removing surface vegetation or layers
of bedrock to reach ore deposits. 80% of zinc mining is extracted through
underground mining whereas 90% of copper mining is done in open pits.
The market in this report is segmented into copper ore mining, zinc
ore mining, lead ore mining, and nickel ore mining segments.
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The global copper, nickel, lead, and zinc mining market has been
declining in the past years with a CAGR of almost -0.1%. The year 2017 recorded
growth in this market with a net market value more than .2% lower than that of
2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market
for each year with sourced reasons to support the decline claims.
The report also shows
the global copper, nickel, lead, and zinc mining market to grow at a higher
CAGR by 2021 as compared to 2017, along with geographies best suited for
investments with highest return rate.
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The use of autonomous hauling systems trucks in the mining industry is
significantly enhancing production efficiency and reducing turnaround time.
Autonomous haulage systems control and track mining vehicle movements,
coordinates and autonomously drives off-highway haul trucks operating in a
mine. This system increases efficiency by minimizing delays, reducing operating
costs and reducing fuel consumption, thereby minimizing carbon emissions. For
example, RioTinto has already implemented AHS in their mines and has reported
13% reduction in load and haul operating costs from the automated fleet.
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Companies included in the report are Glencore plc, Corporacion
Nacional del Cobre de Chile (Codelco), BHP Billiton Ltd, Grupo Mexico, Norilsk
Nickel, Freeport-McMoRan Inc., Vale SA, Southern Copper Corporation, Anglo
American plc, and First Quantum Minerals Ltd.
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