Newly released market study: Technology Investment Priorities in Latin American Mining, 2015

Overall trends in the data revealed:

* The primary technologies in which respondents plan to increase investments are specifically remote control/machine automation, productivity monitoring systems, equipment health monitoring, mine management software and communication products.
* At least 50% of respondents all 12 technologies in place at their sites.
* 20% of respondents are currently using autonomous vehicles, with a further 7% planning on implementing in less than 2 years. A share of 31% of respondents has no plans on using the vehicles in the forseeable future.
* Safety is the leading driver of technology investment,followed by productivity improvements and then cost reduction.

Full Report Details at
- http://www.fastmr.com/prod/1064211_technology_priorities_latin.aspx?afid=301

Report Highlights

* The primary technologies in which respondents plan to increase investments are specifically remote control/machine automation, productivity monitoring systems, equipment health monitoring, mien management software and communication products.
* At least 50% of respondents already have each of the 12 technologies in place at their sites.
* 20% of respondents are currently using autonomous vehicles, with a further 7% planning on implementing in less than two years.
* Safety is the leading driver of technology investments, followed by productivity improvements and cost reduction.

Report Scope

* The report is based on responses from a survey of 103 senior decision makers at operating Latin American mines, responsible for the purchase of equipment for plant and mine operations, along with its consumables.
* Survey respondents came from 14 different countries including: Peru, Chile, Colombia, Brazil, Mexico, Venezuela, the Dominican Republic and Bolivia. This included four main commodity groups and a range of surface and underground mining operations.

Reasons to Get this Report

* Understand what factors most influence technology investment, and how this varies by commodity group, mine type, global company revenue and country.
* Target the segments with the greatest opportunity for your technology products and services.
* Segment the market according to those fully invested, those partially invested and those not considering investment for each technology.

Companies Mentioned in this Report: Codelco, Andina, Gabriel Mistral, Hexagon Mining, RCT, Wenco International Mining Systems, Caterpillar, Leica, Jigsaw, Jfleet, Modular, GE Mining, SAFEMine, Becker Electronics, Komatsu, Acumine, 4CAST, Joy Global, Track Shield, Advanced Mining Technologies, Seeing Machines, Driver Safety System

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You may also be interested in these related reports:

- Technology Investment Priorities in Mining in North America, 2015
- Technology Investment Priorities in Asian Mining, 2015
- Technology Investment Priorities in Mining in Europe and the Former Soviet Union, 2015
- Technology Investment Priorities in African Mining, 2014
- Winning and Retaining Business in the Latin American Mining Equipment Sector, 2015