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April 22, 2022

Miners continue to expand use of battery-powered vehicles underground

As of March 2022, GlobalData was tracking 157 electric loaders (LHDs) and 45 electric trucks operating in underground mines worldwide.

By GlobalData

As miners strive to reduce greenhouse gas emissions, many, particularly those with underground mines, are beginning to invest in battery-powered and electric-powered mining fleets. As of March 2022, GlobalData was tracking 157 electric loaders (LHDs) and 45 electric trucks operating in underground mines across the globe, with the largest combined population of electric LHDs and trucks in Canada (76), followed by Russia (52), Sweden (35) and Australia (14). This total of 202 compares with a total of 182 in June 2021.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
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By company, Agnico Eagle Mines Limited – the new company formed from the merger of Kirkland Lake Gold and Agnico Eagle – has the largest combined number of LHDs and trucks in operation with 49, including 27 battery or electric-powered LHDs and 17 battery-powered underground mining trucks at its Macassa mine in Canada. It is followed by Luossavaara-Kiirunavaara AB with 34, ARMZ Uranium Holding Co and Vale with 20 each. The main suppliers are Sandvik (including Artisan) and Epiroc, with a combined share of over 70% of the machines in use.

Not only does the use of battery power and electric power reduce greenhouse gases, but it also significantly reduces ventilation costs, with 40-50% less ventilation required with battery/electric-powered machines compared to those running on diesel. There are also lower cooling requirements, less noise pollution and lower maintenance costs, with battery vehicles having 25% or so fewer parts compared with diesel propulsion systems.

Number of electric LHDs & trucks operated by miner, 2020 – 2022

Source: Development of Electric Mining Vehicles in Surface and Underground Mining, 2022

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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