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
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
yperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let’s say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it....
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platform...