CATEGORY

Underground Mining Equipment

Underground mining equipment are used for underground mining operations such as loading, hauling, excavating, etc.

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CATEGORY ALERTS

Epiroc wins large battery-electric equipment order from Glencore for all electric mine.

July 05, 2022
alert level: Low
CATEGORY ALERTS

NORCAT Underground Centre receives FedNor funding

July 06, 2022
alert level: Low
CATEGORY ALERTS

Komatsu and Codelco to conduct trial of new Mining Tunnel Boring Machine

July 12, 2022
alert level: Low

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Underground Mining Equipment Market Monitoring Dashboard


Supply Demand

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Underground Mining Equipment Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Underground Mining Equipment category is 8.80%

Payment Terms

(in days)

The industry average payment terms in Underground Mining Equipment category for the current quarter is 75.0 days

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Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

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Inventory Control

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    Underground Mining Equipment Suppliers


    4,519
    Total Suppliers
    224
    Diverse Suppliers
    100
    Normalized Supplier Rating
    Underground Mining Equipment Supplier

    Find the right-fit underground mining equipment supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ALCOA CORPORATION
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    57
    Governance
    71
    6 Domains Performance (/100)
    Business behaviour
    59
    Human rights
    56
    Community Environment
    67
    Corporate governance
    77
    Human resources
    53
    Security Scorecard
    85

    Threat indicators
    B
    87
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    66
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    81
    Application Security
    Detecting common website application vulnerbilities
    B
    84
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    alcoa.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    27
    Human Rights Issues
    0
    Production Supply Chain Issues
    2
    Environmental Non Compliance Flags
    30
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    3
    Fraud Issues
    0
    Labor Health Safety Flags
    29
    Regulatory Issues
    3
    Workforce Disputes
    29
    Sanctions
    0
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    Yes

    Underground Mining Equipment market report transcript


    Global Market Outlook on Underground Mining Equipment

    • The APAC and Latin America regions are expected to drive the Underground Mining Equipment (UGME) demand during 2019–2022. Increased infrastructural development projects and oil & gas/mineral exploration activities, primarily Asia Pacific and Latin America, are expected to support the growth in UGME during the period
    • Expected recovery of the construction activity across major economies will potentially drive the demand for metals, thereby, supporting an increase in metal prices. The same is expected to support the UGME market

     

    Global Demand by Application

    • Demand growth is expected to arise from underground mining of metals, such as copper, nickel, zinc, and iron ore. The global metals output is expected to increase by an average of 2–4 percent during 2016–2018, thereby supporting the demand for UGME
    • Increase in exploration activities in China, India, Brazil, Australia, and Africa are expected to be the key contributors to the UGME demand at the global level during 2017–2019

    Market Driver- Commodity Price

    • Prices of key commodities are the best indicators of mining activities and which in turn evinces the demand for mining equipment
    • In Q3 2018, from July 2018 to September 2018, apart from coal , gold and Aluminum (which is expected to decrease by an average of 7-8 percent), average commodity prices for the rest is expected to increase by an average of 1-2 percent as compared to last quarters average
    • Demand for commodities increased tremendously as the economy recovered from the economic recession in 2009. 2010 and 2011 saw a boom in mining activity due to high demand for raw materials

    • Late 2013 and 2014 witnessed a slowdown in mining, resulting in the reduced demand for mining equipment

    • Again, 2014–2015 witnessed reduced demand; however, it is expected to uptrend in the coming years. Apart from nickel prices, the average commodity prices for the rest is expected to increase by 6–7percent Y-o-Y from 2017 until 2018

    Summary

    The underground mining equipment market size was $24.5 billion in 2017 and it is expected to grow at a CAGR of up to 5 percent in the coming years. The key end-use application industries include coal mining and metal mining. While metal mining accounts for 39 percent, coal mining accounts for 40 percent. The underground mining equipment market is mainly going to be driven by certain APAC regions such as India, China, and Australia. The market will also be driven by Africa and the LATAM regions in the next few years because the demand for UGME from these regions is expected to increase.

    The high maturity regions in the UGME market include Asia, North America, and Australia. The medium and low market maturity regions include South America, Europe, and Africa. The buyer has low to medium negotiation power while the supplier has medium to high negotiation power. The construction activity is expected to increase in the future and so the metal demand will also increase. This can lead to an increase in metal prices. There are two impactful cost components; labor and HRC steel. HRC steel accounts for 40 percent to 50 percent while labor accounts for 20 percent to 25 percent.

    The top global suppliers in the underground mining equipment market are Caterpillar, Sany, Sandvik, Joy Global, and Atlas Copco. In Brazil, Africa, and Australia, iron ore exploration is the reason for the increase in market demand. An increase in mineral and gas exploration and infrastructure development will help the UGME market growth. This will be witnessed in regions such as Australia, China, and India. Underground mining will increase because of the lower ore grades in open cast mines. This will help push the growth of the UGME market. Mine mechanization will also help the growth of the market.

    North America’s market size is over $2 billion while the market size of the Middle East – Asia is nearly $7 billion. The market size of the Asia Pacific is more than $11.5 billion. The global metals output is predicted to increase by up to 4 percent and this will help the growth of the UGME market. The underground mining of metals such as zinc, copper, iron, and nickel ore will lead to an increase in the demand of the market. The supply contract tenure is anywhere between five and seven years in the underground mining equipment market. The price depends on two factors; the demand and the raw material price.

    The underground mining supplies will also see a change in the coming years due to capacity additions and other production-related changes. Experts predict that the demand for underground equipment can be found by focusing on commodity prices. When commodity prices change, it can indicate mining activities which can then reveal the demand of the mining equipment market. For instance, the mining activities increased because of an increase in raw material demand after the recession. After that, there was a decrease in demand which meant a lower demand for mining equipment. Experts are predicting that the demand will increase in the future.