New Projects and Advancement to strengthen the Mining Drilling Services
21 Jul 2020
The mining industry has been through innumerable varying and unique approaches in recent years. On the other hand, with technological advancements and innovations, the industry has improved mine safety along with increasing productivity and streamline operations. The modernized mining drilling services have further added more convenience to the sector.
Along with offering innumerable advantages including battery-operated drill rigs with no harmful exhaust fumes, low maintenance, exchangeable batteries, and long-working back-ups for continuous mining operations, the drilling technology has served many of the needs of the industry.
The industries all across the world, however, have been interrupted due to unsolicited arrival of coronavirus pandemic. The mining industry has suffered through the impacts as well. The supply chain for equipment manufacturing has been frozen. The production management has ordered to be halted owing to lockdown measures. However, after months of lockdowns, the government bodies in several regions have relaxed certain restrictions, allowing the companies to restart the working processes. Furthermore, the industry has started at a slower pace with all due measures and precautions. The key market players are strategically finding ways to enhance the business with new projects and further advancements. Here are some of the latest activities in the industry-
Recently, an automated and innovative mining solution provider, and a part of the National group, Wolff Mining has announced the expansion of its semi-autonomous equipment. Furthermore, the company plans to fully automate the drills in the future. Presently, the company is using semi-autonomous blast hole drilling and extensive satellite bulk dozer pushing. Furthermore, the firm has been partnered with caterpillar to execute and enhance the semi-autonomous tractor system (SATS) technology. Yet, the national group along with Wolff Mining simplifies that the current focus is still on supplying heavy mining equipment to the industry such as blast hole drills and drilling services.
Other than this, GR silver mining, a gold, and silver mining company in Mexico, has provided its corporate update coupled with an announcement of the beginning of the surface drilling project at its new Plomosas Silver Project. Furthermore, the preliminary drill sites on the project are intended in areas where historic drilling has been completed previously. The recent investigations by the company have outlined multiple epithermal veins along the strike and at low deepness. Along with the drill examining of the areas with significant drill holes the projects also leads to start the inspection originally along with surface examination on certain priority targets, that are recognized to possibly provide novel discoveries. The program purposes to endorse the potential of the project to host numerous low sulphidation epithermal mineralized systems for future resource estimation.
Drilling is amongst the significant constituent in the mining industry. It offers numerous applications including surface & underground blast hole drilling, body characterization, underground roof bolting & cabling, dewatering, and others. In recent years, the drilling technology has witnessed numerous advancements such as growth in global positioning system (GPS), wireless communication systems, sensors, and more. Moreover, the market is anticipated to expand with further advancements. According to a report published by Allied Market Research, the global mining drilling services marketis expected to reach $4.4 billion by 2030. The factors such as a rise in demand for electric vehicles and an increase in penetration of advanced technologies would lead the market growth. Moreover, with further numerous developments including automated rigs and battery-operated drill rigs and transition to low carbon economy the market would positively transform the mining industry and boost the growth in the near future.
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.