GLOBAL NEWS
construction aggregates will
expand at a compound annual
growth rate of 6.8%. With this
kind of growth, the industry
will naturally become more
valuable, too. According to
Future Market Insights, it
will be worth USD468-billion
by 2024.
As well as contributing to the
global economy, the industry
is also a major employer. It is
estimated that the quarry and
aggregates industry employs
more than four million people
worldwide.
Major players in the global
construction aggregates market
are focused towards expanding
their production capacities,
according to Future Market
Insights.
Quarrying and aggregates is
big business in virtually every
part of the world and market
figures suggest it’s only getting
bigger. There are roughly
500 000 extraction sites
worldwide, producing up to 50
billion tons of aggregates and
experts predict that between
2018 and 2026, the market for
Global aggregates business set
for 6.8% growth
There are half a million extraction sites internationally.
Asia Pacific is the largest
region of supply, accounting for
around 65% of the total market
in 2017. China, which is also
the world’s biggest producer
of coal, gold and most rare
earth materials, was the largest
aggregates producer last year,
accounting for about 42% of the
total market.
The International Council
on Mining and Metals, or
ICMM, together with leading
suppliers, have announced an
ambitious plan to make mining
vehicles cleaner and safer. The
plan was announced during
the International Mining and
Resources Conference (IMARC)
in Melbourne, Australia.
Transport and mobile
equipment accidents accounted
for 22% of fatalities at ICMM
operated mines in 2017
(11 fatalities), the second
highest cause of fatalities after
fall of ground accidents. The
Innovation for Cleaner Safer
Vehicles (ICSV) programme
brings together 27 of the world’s
leading mining companies
and some of the best-known
truck and mining equipment
suppliers to accelerate
innovation to develop a new
generation of mine vehicles.
The ICSV programme aims to:
• Introduce greenhouse
gas emission-free surface
mining vehicles by 2040;
• Minimise the operational
impact of diesel exhaust by
2025; and
• Make collision avoidance
10_QUARRY SA| JANUARY/FEBRUARY 2019
Mines and OEMs join forces for cleaner, safer vehicles
ICMM is focused on improving safety, social and environmental performance of the mining and metals industry.
technology available to
mining companies by 2025.
The initiative has CEO-level
support within all participating
mining companies and
equipment manufacturers.
The programme will benefit
the entire mining sector, not
just ICMM members, and
is open to other equipment
manufacturers that also want
to join.
Tom Butler, ICMM’s CEO
says, “ICMM is focused on
improving the safety, social and
environmental performance
of the mining and metals
industry. The launch of the
ICSV programme is a practical
example of how our members
are mining with principles to
tackle the major social and
environmental issues that affect
us all. This collaboration will
deliver more together than
any individual company could
achieve on its own and shows
how the metals and mining
industry can act as a catalyst for
change.”
This programme is guided
by a CEO advisory group
comprising six representatives,
three from ICMM company
members including Andrew
Mackenzie (CEO, BHP); David
Garofalo (CEO, Goldcorp);
and Nick Holland (CEO,
Gold Fields), as well as three
from participating suppliers:
Denise Johnson (group
president, Resource Industries,
Caterpillar); Max Moriyama
(president, Mining Business
Division, Komatsu Ltd); and
Lars Engström (president,
Sandvik Mining and Rock
Technology).
The OEMs currently
involved include Caterpillar;
Cummins; Epiroc; GE; Hexagon
Mining; Hitachi Construction
Machinery; Komatsu; Liebherr;
MacLean Engineering; PBE
Group; Sandvik Mining and
Rock Technology.