Automation In The Baryte Mining Industry: Increase In Productivity

08/nov/2018 12:13:49 srikanthgtbrc Contatta l'autore

Companies engaged in binaryte mining are using autonomous vehicles and automated technologies to increase the productivity and reduce the labor cost. Autonomous machines have better fuel efficiency, productivity, vehicle durability, and overall machine performance than manually operated machines. For instance, Caterpillar developed semi-autonomous underground load haul dumpers (LHD) at Newmont mine in Nevada to minimize labor cost.

THE BUSINESS RESEARCH COMPANY VALUE THE BARYTE MINING MARKET AT $ 2 BILLION IN 2017

Asia Pacific was the largest geographic region in the market, accounting for more than one-third of the global market.

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According to The Business Research Company's Consultant, Nitin Gianchandani, modular components design with 3D printing is being widely used in the mining industry. 3D printing technology enables companies in remote locations to manufacture critical parts onsite as per the requirement; to reduce delays due to unplanned maintenance and eliminates the need for holding inventories. Miners are relying on advanced heavy lift. This technology enables miners to construct processing units in low cost factories elsewhere, thus avoiding expensive onsite construction of modular equipment.

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Excalibar Minerals LLC was the biggest player in the binaryte mining market, with revenues of $ 0.04 billion in 2017. Excalibar's strategy aims to increase its manufacturing facilities with a significant capacity to service.

The baryte mining market includes mining of baryte products that are used as fillers in paint and plastics, sound reduction in engine compartments, coat of automobile finishes for smoothness and corrosion resistance, friction products for automobiles and trucks, radiation-shielding cement, glass ceramics and medical applications.

Baryte Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $ 4000 for an individual user. To use across your office, the price is $ 6,000 and $ 8,000 if you wish to use across a multinational company.

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