Welcome!

News Feed Item

Growth of Australian Mining Market (OEM, Autonomous Vehicles, Investment & Purchasing Trends) 2014 Analysis Report

MarketReportsStore.com adds "Winning and Retaining Business in the Australian Mining Equipment Sector, 2014" reports to its store. The analysis is based upon survey of 110 mine managers, procurement managers and other key decision-makers.

DALLAS, Aug. 1, 2014 /PRNewswire-iReach/ -- A new Timetric survey finds that 30% of Australian mine and procurement managers expect to cut back spending on plant and heavy equipment over the remainder of 2014 and early 2015. This share is higher than in other areas of purchasing, such as parts, maintenance and consumables. For example, only 16% anticipate a reduction in explosives, blasting and chemicals, and 19% for equipment consumables. This is also balanced by 20% expecting to increase expenditures on explosives, blasting and chemicals and 19% on equipment consumables. The results demonstrate both the downturn in the Australian mining industry, and also the movement from an expansion phase into a production phase.

Photo - http://photos.prnewswire.com/prnh/20140731/132181

Get complete report details @ http://marketreportsstore.com/winning-and-retaining-business-in-the-australian-mining-equipment-sector-2014/ .

Large companies most likely to cut spending

The survey results also show that respondents from larger companies are most likely to cut spending on plant and heavy equipment. Some 47% of respondents from companies with revenues above US$10 billion, and 41% of those with revenues between US$1-10 billion expect to reduce spending on plant and heavy equipment. These two groups of companies include the likes of BHP Billiton, Rio Tinto, Glencore Xstrata and Peabody Energy. As these companies typically have multiple mines within their portfolios, they are able to ramp up and down different operations based on market conditions.

These bigger companies, many of which are coal producers, have been hit particularly hard by the downturn in commodity prices. However, unlike their smaller peers with revenue below US$1 billion and typically single-mine companies, they can close, and have been closing, unprofitable mines, or sections of mines.

Miners prefer to use OEMs for strategic parts

Many mining operations rely heavily on key pieces of specialised equipment for the majority of their mine's production, for example long walls and excavators. Given this backdrop the majority of Australian miners prefer to work with their OEM. 97% of respondents purchase strategic parts, such as engines and ground engaging tools, wholly or partially from the OEM. This compares with 78% choosing their OEM for non-strategic parts, even with the prospect of lower prices from third parties.

Order a purchase copy of this report @ http://marketreportsstore.com/purchase?rname=11775 .

This preference for working with OEMs is further emphasised by lifecycle management contracts being the preferred service contract among Australian miners. They favour this not just for aftermarket support but also for the sense of shared investment that miners feel a lifecycle management contract provides. Timetric's results confirm recent investments made by major OEMs to increase their aftermarket servicing capability. Joy Global built a designated servicing facility in NSW in 2012 and emphasises its Smart Services Solutions. Meanwhile Sandvik opened a new repair and remanufacturing centre in Orange, New South Wales, in May 2014, with the stated aim of improving their aftermarket service.

Autonomous vehicles accepted underground and in iron ore mining

The use of driverless trucks has been generally accepted in Australia's iron ore industry. Cliff Smee, lead analyst at Timetric, says: "While much press focus has been on the use of autonomous vehicles at surface mining in iron ore operations, the real use of automation has been in underground operations where Load-Haul-Dump loaders have been operating since 1990." The three major iron ore producers, Rio Tinto, BHP Billiton and Fortescue Metals Group, have all introduced the technology to their operations, with plans for expansion.

Investment expected in environment monitoring and equipment health technology

Environmental monitoring and emissions management, as well as equipment health monitoring and diagnostics, are also on top of the list for planned investments. Out of twelve technologies investigated, environmental monitoring and emissions management had the highest share of respondents planning to invest at 35%, with only 10% of respondents neither having this technology at their mines, nor considering investing in the next two years. Some 34% are also planning to invest in equipment health monitoring and diagnostics, as mining companies look to maximise the lifetime of their heavy equipment.

Get More Reports on Australian Mining Market:

Precious Metals Mining in Australia to 2020

Australia is one of the world's major producers and exporters of precious metals with production of 8.5 million ounces of gold, 64.9 million ounces of silver and 11.5 million carats of diamond in 2013. Gold and diamond reserves are found mainly in the state of Western Australia, while the main silver reserves are in Queensland, South Australia and the Northern Territory.

Purchasing Trends and Intentions in Australian Mining, 2014

This report focuses on the Australian mining market and examines trends in purchasing across a range of different categories including plant and heavy equipment; equipment consumables; equipment parts and components, maintenance services; and explosives, blasting materials and chemicals. This report, based on a survey of 110 buyers and decision-makers at Australian mines, examines respondents' current purchasing methods together with the expectations regarding future expenditure and supplier relationships for different plant, equipment, services and consumables purchases.

Maintenance and Aftermarket Preferences in Australian Mining, 2014

Maintenance and aftermarket services are taking an increasingly important role in the Australian mining sector. Following significant capital investment in new production capacity from 2008 to 2012, there is now record-high Australian commodity production, leading to a much larger mining equipment fleet, all of which requires maintenance and aftermarket servicing. Many original equipment manufacturers (OEMs) have been quick to realize the benefits of providing better servicing, and have moved to adopt more product lifecycle agreements with customers..

Technology Investment Priorities in Australian Mining, 2014

Technology Investment Priorities in Australian Mining, 2014 published by Timetric - Mining Intelligence Centre, provides readers with a detailed analysis of current investment priorities in the Australian mining sector. The analysis is based upon Timetric's survey of 110 mine managers, procurement managers and other key decision-makers.

About Us:

Market Reports Store is your one-stop online shop for syndicated industry research reports on 25+ categories and their sub-sectors. We bring to you to the latest in market research across multiple industries and geographies from leading research publishers across the globe.

Media Contact: Ritesh Tiwari, MarketReportsStore, +18883915441, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Market Reports Store

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, will discuss how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technol...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.