Explosives innovation helping to drive mining costs down – new report

Steady technological advancements in the mining industry are reducing mining costs, improving blasting efficiencies and driving explosives sales, thereby boosting growth in the South African mining explosives market, new analysis from market research company Frost & Sullivan finds. ‘The Mining Explosives Market in South Africa for Coal, Iron Ore, Gold and PGMs, Forecast to 2020’ report highlights that weak global demand for commodities, combined with low commodity prices, have, however, forced mining companies to consider more closely the reduction of variable costs to ensure the viability of operations.