The "Smart Mining Opportunities in Sub-Saharan Africa, 2018" report has been added to ResearchAndMarkets.com's offering.
The focus of this study is to understand the smart mining practices in Sub-Saharan Africa. The objective is to understand mining companies' readiness to introduce advanced technology within the mining processes.
The study starts off by analyzing the smart mining practices globally, more specifically amongst the developed countries where the consolidation phase in the mining sector demands different approaches to sustain growth. Automation, process control, and connectivity solutions appear to enjoy the highest uptake; future significant potential exists for increased penetration of drones, advanced analytics, AI, and cyber security.
he study also highlights the current economic situation in Sub-Saharan African countries and the impact it has on the mining sector as well as the overall economy. The mining sector in Sub-Saharan Africa has not developed to the extent of embracing advanced technologies. IT Solutions are needed across the entire Mining Value Chain with the focus being around open cast, underground mining, and ore handling.
Furthermore, volatile economic growth and declining business confidence indicate higher uncertainty about the future. This will further increase the appeal of OPEX models relative to bulky CAPEX investments. The Mining sector is capital intensive industry, and with uncertain economic growth and potential interest rate increases, businesses are less likely to commit to large capital expenditure.