The potential to boost efficiency and optimise production is expected to drive a large share of miners to invest in predictive maintenance for mobile equipment and mine-management software in the next two years.
Leading data and analytics company GlobalData’s latest mine-site survey, conducted between February and May 2024, revealed that while more than 66% had made at least moderate investments into predictive maintenance for mobile equipment globally, 48% of miners surveyed expected to either invest in the technology for the first time or invest further in the coming two years.
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This was marginally ahead of those expecting to invest in mine management software (47%), and investment expectations were considerably higher for small- and mid-tier miners (62%) compared with majors (47%), with the former currently lagging behind the latter in terms of the degree to which they have invested in predictive maintenance for mobile equipment so far.
Comparing the different regions, a high share of South African respondents (66.7%) expect to invest in predictive maintenance for mobile equipment in the coming two years, followed by 62.5% of respondents from Canada, and 42% of respondents from both Peru and the US.
At present, the South African respondents also considered themselves to have progressed the most with regards to their investment with 16.7% saying they had fully implemented the technology, 50% saying they had made considerable investment, and 5.6% moderate investment.
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This collective 72.3% compares with the 67% from the 2020 survey who considered themselves to have made at least moderate investment in predictive maintenance for mobile equipment at that time.
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By GlobalDataOverall, the areas where miners had invested to the greatest extent were mining planning and management software, mine communications systems, and predictive maintenance for plants.
A total of 162 mines were surveyed, with the respondents including mine managers, general managers, and mine-site IT managers, amongst others.
Of the respondents, 33% were from Africa; 28% from the Americas; 17% from Asia; 14% from Oceania, and 8% from Europe and the Middle East.
