The Global Underground Mining Diamond Drilling Market accounted for $418.56 Million in 2020 and is expected to reach $692.10 Million by 2027 growing at a CAGR of 6.9% during the forecast period.
Major Players in the Market includes Atlas Copco, Boart Longyear, FORDIA, Geomachine Oy, Sandvik, Sinocoredrill Group, VersaDrill Canada, Wuxi Geological Drilling Equipment and Zinex Mining.
Thomas Schulz and an FLSmidth delegation attended and participated in the FT Mining Summit, where unequivocally investment, shareholder demands, technology and sustainability dominated the agenda. The frequent overlapping of these topics on the Summit agenda and in sessions only highlighted their growing importance and interconnectivity in mining’s current and coming narrative. Asked about his overall impression of the Financial Times Summit, Thomas noted how the industry’s relationship with investors and ESG is changing rapidly and at the highest level.
Oct 2020 Ausdrill having recently added a Boart Longyear LF160 drill rig and FL262 FREEDOM™ LOADER combination to its diamond drilling fleet in Australia, IM caught up with Eric Gobbert, Senior Operations Manager, Exploration, to find out more about the company’s ‘hands-off-steel’ initiatives. The newest coring rig – capable of pulling a 4.5 m sample – comes with a tilting top drive head to simplify rod handling, a foot clamp and braking device, and visible wireline. This is the second LF160 in Ausdrill’s portfolio, and a third rig is on the way. Meanwhile, the company is actively exploring a similar system capable of offering 6 m samples. One rig is currently active at a Queensland coal operation, with the second at a nickel operation in the Goldfields of Western Australia. The third is expected to go to the Pilbara iron ore sector. It is the combination of the LF160 with the FL262 FREEDOM LOADER that is bringing safety benefits to Ausdrill and its customers.
Boart Longyear March 2020 drilling team had begun their underground coring activities, when they unexpectedly drilled into a cavity of water. Time is of the essence in these situations and a lot of communication is required to keep people safe and to handle the problem before it becomes even more difficult to manage. In order to shut off the water coming into the mine, the team successfully installed a cement collar casing using a pressure-grouting method, a blow-out preventer (BOP) and rock pack. The BOP is used to seal, control, and monitor water which will prevent future blow outs and any possible uncontrolled release of high-pressure water. This solution allowed the crew to manage the water, keeping the mine clear and dry so the exploration drilling project could be completed.
Sandvik has decided to establish a new business area, Sandvik Rock processing solutions as of 1January 2021. The new business area will consist of the current crushing and screening division, which today is Part of the Sandvik Mining and Rock Technology business area. The reason for this structural change is to further accelerate profitable growth within rock processing based on crushing and screening addressing separate parts of the value chain and facing different competition to the other sandvik Mining and Rock Technology divisions
Global Underground Mining Diamond Drilling Market, by Type Rotary Drilling and Wire line Drilling. By Application it has Soft Rock and Hard Rock. By region it splits into North America, Europe, ASPAC and Middle East & Africa. North America is the largest revenue-generating region in the underground mining diamond drilling market in 2020 and is anticipated to continue its dominance in the market by 2026. In North America, US dominated the underground mining diamond drilling market. Some players in North America supply core drill bits along with complete drill rigs solutions. These include Peak Drilling Ltd., SCS Diamond Drilling, and American Diamond Tool. The market in Canada is anticipated to expand at a rapid pace in the upcoming future.