Upward trend in mining technology continues unabated
Wednesday, August 7th, 2019
- Incoming orders grow by 35 percent in the first half of 2019
- Digitization safeguarding competitiveness
- Industry has coped well with the end of German hard coal mining
Global demand for mining technology from Germany remains high. Incoming orders increased by 35 percent and turnover rose by 40 percent in the first half of 2019 compared to the same period of the previous year. The upward trend in this industry therefore continues unabated. Following the difficult period between 2012 and 2017, global business has been picking up speed again over the last two years. The around 150 companies in the industry generated turnover of approximately EUR 3.5 billion in 2018, around 95 percent of it abroad. Further growth in turnover of roughly 15 percent is expected for the current year. “However, the lack of political leadership worldwide makes it all but impossible to predict future development, so we must respond to the situation as it unfolds and react flexibly,” comments Dr. Michael Schulte Strathaus, Managing Partner of F. E. Schulte Strathaus GmbH & Co. KG in Werl and Chairman of VDMA Mining.
Shaping the digital future with “Roadmap 2035”
VDMA Mining has launched the “Roadmap 2035” initiative with the aim of securing the global competitiveness of the German mining equipment sector. It provides a platform for the manufacturers organized in the association to discuss future-related topics and work together to devise solutions, for example regarding data security, utilization of data streams and the definition of data interfaces.
The participants in Roadmap 2035 will also examine how to ensure a very high technical standard and innovation leadership. This includes investigating further aspects including performance, availability, ease of maintenance or service life, alongside the problem-solving expertise secured through the employees’ training and skills. As such, the roadmap tackles the recruitment of young talent as well as industrial and academic training.
More customers targeted abroad
The industry has coped well with last year’s cessation of German hard coal mining, with companies using the time between the decision to end coal mining and the closure of the last coal mine in Germany to target more new customers abroad. This year, the USA, China, Australia and Russia are the largest individual markets alongside the eurozone. These countries are also among the world’s largest producers of coal, mining more than 7 billion tons in 2018, predominantly to cover domestic energy requirements.
Lithium projects in Saxony
The industry sees further potential in the growing demand for raw materials for the energy transition and future technologies. The corresponding investment made by mining companies in extraction and mineral processing technology for lithium, cobalt, tantalum, rare earths and neodymium are reflected in the exports of the mining equipment manufacturers.
In Germany, too – especially in Saxony – investments have been made in new lithium mining projects. The Zinnwald Lithium project south of Dresden plans to mine 5,100 tons of lithium annually and announced in June that its plans had been confirmed by a feasibility study. In Sadisdorf, also south of Dresden, the Australian mining and technology company Lithium Australia plans to mine lithium in order to meet the growing demand for the raw material from the electromobility sector.https://www.vdma.org/