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Southern African Mining Explosives Market Remains Rich with Possibility States Frost & Sullivan - Southern Africa is endowed with expansive mineral deposits whose exploitation is set to ensure sustained demand for mining explosives
Southern African Mining Explosives Market Remains Rich with Possibility States Frost & Sullivan

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2010/03/18 - Southern Africa is endowed with expansive mineral deposits whose exploitation is set to ensure sustained demand for mining explosives.

   
 
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Explosives are used in varying operations such as the removal of overburden in surface mining, accessing of mineral ore underground and splitting of rocks in quarrying.

New analysis from Frost & Sullivan (chemicals.frost.com), Southern African Mining Explosives Market, finds that the market earned revenues of $689.4 million in 2008 and is forecast to grow to $1185.8 million by 2015. The following technologies are covered in this analysis: bulk mining explosives, packaged explosives and detonating systems.

If you are interested in more information on this study, please send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"Increased investments into the mining sector have fuelled demand for mining explosives," states Frost & Sullivan Research Analyst Tatenda Zingoni. Frost & Sullivan anticipates that as the global economy rebounds from the economic downturn and commodity prices recover, there will be greater demand for mining explosives."

The recent commodity price slump led to a decline in the demand for minerals, which had a corresponding impact on the demand for mining explosives. Coupled with ammonia shortages in the market, growth in the mining explosives sector was stifled.

"Shock tube detonating systems are the primary system of choice in the Southern African mining explosives market," notes Zingoni. "At one point, despite the noted functional advantages over traditional cord detonating systems, shock tube systems were more than double the cost of cord systems, hindering their uptake in the market."

The interplay of market forces aligned with improved perceptions in the market of the advantages of shock tube systems has led to their increased usage. Prices of shock tube assemblies are also now just under 30 per cent higher than capped fuse and igniter cord systems.

Ammonia is a major input in the manufacture of mining explosives and is also a key raw material that is utilised in other industries, such as fertilisers. Competition for limited amounts of ammonia results in rising prices for manufacturers. Mining explosives manufacturers do not have substantial influence on the mining sector as they are dependent on the industry.

In the face of the aforementioned conditions in the market, manufacturers can adopt a few key strategies in order to ensure sustainable operations and demand for their products.

"Establishment of forward contracts to lock-in supply of essential inputs such as ammonia will go a long way to hedge against bottlenecks for producers," advises Zingoni. "Preferential supplier agreements will also enable mining explosives manufacturers to have a guaranteed demand base for mining explosives products."

Southern African Mining Explosives Market is part of the Chemicals & Materials Growth Partnership Service programme, which also includes research in the following markets: South African Market for Agriculture Chemicals, Strategic Opportunities for the Biofuel Industry in Key Sub-Saharan African Countries, Key Sub-Saharan Crop Protection Chemical Markets and, Sub-Saharan African Biofuels Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Southern African Mining Explosives Market / M4B6

 
 
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Southern African Mining Explosives Market Remains Rich with Possibility States Frost & Sullivan

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Frost & Sullivan |
Publisher Contact: Patrick Cairns 
+27 18 464 2402 patrick.cairns[.]frost.com
 
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