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Mining Exploration Services
Market, Supplier, Risk and
Competitive Intelligence

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  • Category Report with unlimited updates
  • Supplier Watchlist for 3 suppliers
  • Supplier Shortlisting Tool

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Abi will answer all Mining Exploration Services related
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Get up-to-date market and supplier info on Mining Exploration Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Mining Exploration Services related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Mining Exploration Services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  1. Market Analysis
  2. Industry Analysis
  3. Commodity Prices
  4. Industry Risk Analysis

Production Size

Global Production Size/ Capacity

$13.4 billion (2019)

CAGR

-29 %

Expected Global Production Size/ Capacity

$9.6 billion (2020)

Canada Production Size

$1.6 billion

Table of Contents

  1. Executive Summary
  2. Category Landscape
  3. Regional Landscape
  4. COVID-19 – Impact Assessment
  1. Market Analysis
  2. Market Overview, Size, and Trend
  3. Segmentation by End Use, Region, Type
  4. Mineral Exploration Stages
  5. Regional Market Outlook
     
  1. Industry Analysis
  2. Global Porter’s Five Force Analysis
  3. Global Market Outlook
  4. Market Drivers and Constraints
  5. Commodity Prices
  6. Industry Risk Analysis
  1. Cost Analysis with Saving Levers
  2. Cost Structure – Mining Exploration
  3. Cost Structure – Drilling Services
  4. Cost Structure – Mining Equipment
  5. Cost Saving Levers – Mining Exploration
  1. Procurement Insights
  2. Sustainability Initiatives
  3. LCCS Analysis
  4. COVID-19 Impact Assessment
  1. Procurement Best Practices
  2. Mineral Exploration – Stages and Services
  3. Value Chain Mapping

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Mining Exploration Services Global Market Outlook:

MARKET OVERVIEW
Global Exploration Expenditure

  • Market size – $13.4 billion (2019)
  • Expected to decline by -29 % percent to $9.6 billion in 2020

Market Driver:

  • Mineral production output
  • Commodity demand and Prices
  • Declining ore grades
  • Global economic and infrastructure development

Key Exploration Services:

  • Prospecting
  • Geochemistry & Geometallurgy
  • Drilling
  • Assaying
  • 3D & Orebody Modelling
  • Resource audits
  • Environmental Impact Assessment

Porter's Analysis on Mining Exploration Services

Supplier Power

  • Mining exploration services includes drilling services, geoscientific services and feasibility and environmental impact assessment services.
  • There are a few large global drilling service providers but the services industry is largely fragmented into smaller regional players although a high level of technical expertise is required
  • Additionally due to the cutbacks in exploration spend due to Covid-19, the supplier power is medium

Barriers to New Entrants

  • Barriers to new entrants to the mining exploration services industry are:
    – Reduced exploration spend by majors
    – Unavailability of capital for juniors
    – Industry increasingly relying on revenues for spend
    – Declining commodity prices
    – Declining commodity demand

Intensity of Rivalry

  • There were 1708 active explorers for non-ferrous minerals in 2019 and the associated service providers for mineral exploration is fragmented
  • Additionally, the decline in mineral exploration budgets in 2020 due to the pandemic crises would further increase the competition among service providers

Threat of Substitutes

  • Advent of drone and AI technology is a threat to traditional aero surveying and orebody modelling with AI fitted drones and AI software improving on traditional techniques and reducing labor costs
  • There are no known substitutes for drilling services that account for the major portion of the exploration expenditure

Buyer Power

  • Junior and intermediate miners account for a significant portion of exploration activity reducing their negotiating power
  • However with the reduction of exploration budget by major miners and junior miners finding it challenging to raise capital for financing, buyers have an additional leverage to negotiate
  • While major miners have higher negotiating power, the buyer power for the overall industry would be medium to medium-high

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