The copper, nickel, lead and zinc mining industries include companies developing mine sites, mining and converting ores into copper, nickel, lead or zinc content. Mining is either done through underground and surface mining techniques. Underground mining are used to reach deeper deposits which requires digging tunnels or shafts to reach buried ore deposits. Surface mining is used for less valuable deposits and is done by removing surface vegetation or layers of bedrock to reach ore deposits. 80% of zinc mining is extracted through underground mining whereas 90% of copper mining is done in open pits.
The top five companies covered are Glencore plc, Corporacion Nacional del Cobre de Chile (Codelco), BHP Billiton Ltd, Grupo Mexico and Freeport-McMoRan Inc. Glencore Plc. was the largest competitor in the copper, nickel, lead and zinc mining market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global copper, nickel, lead and zinc mining market was valued at around $140 billion in 2017. Asia Pacific was the largest region in the copper, nickel, lead, and zinc mining market in 2017, accounting for more than 50% market share. China was the largest country in the market in 2017, accounting for nearly 25% market share.
The implementation of IoT in mining industry is enhancing decision making capabilities and reduces production costs. IoT enables the sensors to pick up real time data, analyze the data, facilitate equipment communication, identifies faulty equipment and derive insights from the data generated. With fully integrated network, the mining equipment is monitored on real time basis and a report is projected on when the repairs or maintenance is required. In the near future, IoT is expected to become the standard in mining industry.