|By PR Newswire||
|August 1, 2014 03:05 PM EDT||
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.
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:
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.
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 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 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.
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
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
May. 4, 2015 07:30 PM EDT Reads: 559
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
May. 4, 2015 07:15 PM EDT Reads: 483
While Docker continues to be the darling of startups, enterprises and IT innovators around the world, networking continues to be a real mess. Indeed, managing the interaction between Docker containers and networks has always been fraught with complications. Without automation in networking, the vision of running Docker at scale and letting IT run the same apps unchanged on the laptop and in the data center or for any cloud cannot be realized.
May. 4, 2015 07:00 PM EDT Reads: 594
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
May. 4, 2015 07:00 PM EDT Reads: 4,294
Application metrics, logs, and business KPIs are a goldmine. It’s easy to get started with the ELK stack (Elasticsearch, Logstash and Kibana) – you can see lots of people coming up with impressive dashboards, in less than a day, with no previous experience. Going from proof-of-concept to production tends to be a bit more difficult, unfortunately, and it tends to gobble up our attention, time, and money. In his session at DevOps Summit, Otis Gospodnetić, co-author of Lucene in Action and founder...
May. 4, 2015 07:00 PM EDT Reads: 2,073
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 06:45 PM EDT Reads: 3,372
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 06:30 PM EDT Reads: 2,884
SYS-CON Events announced today that CenturyLink, Inc., a leader in the network services market, has been named “Platinum Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and ...
May. 4, 2015 04:15 PM EDT Reads: 1,132
Database apps on mobile devices shouldn't stop working when there's limited or no network connectivity. In his session at 16th Cloud Expo, Bradley Holt, a Developer Advocate for IBM Cloudant, will discuss how to bring data stored in a cloud database to the edge of the network (and back again), whenever an Internet connection is available. He will demonstrate techniques for replicating cloud databases with mobile devices in order to build offline-enabled mobile apps that can provide a better,...
May. 4, 2015 04:00 PM EDT Reads: 974
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, will review the changes that the cloud computing industry has gone through over the last five years and share insights into what the next five will bring. He will chronicle the challenges enterprise companies are facing as they move to the public cloud. He will delve into the “Hybrid Cloud” space and explain why every CIO should consider ‘hybrid cloud’ as part of their future strategy to a...
May. 4, 2015 03:46 PM EDT Reads: 597
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 02:30 PM EDT Reads: 3,618
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
May. 4, 2015 02:15 PM EDT Reads: 2,198
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 02:15 PM EDT Reads: 3,448
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud. In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
May. 4, 2015 02:15 PM EDT Reads: 5,234
“This win means a great deal to us because it is decided by the readers – the people who understand how use of our technology enables new insights that drive the business,” said Matt Davies, senior director, EMEA marketing, Splunk. “Splunk Enterprise enables organizations to improve service levels, reduce operations costs, mitigate security risks, enhance DevOps collaboration, create new product and service offerings and obtain deeper insight into customer behavior. Being named Best Business App...
May. 4, 2015 02:00 PM EDT Reads: 2,869