The mining industry continues to be a hotbed of patent innovation. Precision milling plays a crucial role in mining applications such as crushing, grinding, sorting and concentrating the minerals. In the last three years alone, there have been over 3,000 patents filed and granted in the mining industry, according to GlobalData’s report on Innovation in mining: precision milling. Buy the report here.
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However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
45+ innovations will shape the mining industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the mining industry using innovation intensity models built on over 81,000 patents, there are 45+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, tunnel ventilation systems, remote tunnel monitoring, and mine drainage systems are disruptive technologies that are in the early stages of application and should be tracked closely. Lithium recovery, battery metal recycling and tunneling, and anchoring machine are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are hydrometallurgical extraction and hybrid industrial vehicles, which are now well established in the industry.
Innovation S-curve for the mining industry
Precision milling is a key innovation area in mining
Precision milling refers to the process of using specialized milling equipment and techniques to finely and accurately grind or crush ore, rock, or other geological materials into smaller particles with a high degree of precision and control. This process is essential in mining operations, as it plays a critical role in mineral processing, ore beneficiation, and the production of valuable minerals and metals. The method aims to achieve specific particle size distributions, liberate valuable minerals from the ore matrix, and enhance the efficiency of downstream processing.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 165+ companies, spanning technology vendors, established mining companies, and up-and-coming start-ups engaged in the development and application of precision milling.
Key players in precision milling – a disruptive innovation in the mining industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Komatsu and Sandvik, which are among the leading innovators in precision milling, offer products related to precision milling technologies. One such is milling machines, which are used to excavate and remove ore, minerals and rock from mining sites. Sandvik, for instance, offers a wide range of milling tools including shoulder milling tools, edging tools, face milling tools, high-feed milling tools, profile milling tools, copy milling tools, cut off, slot and groove milling tools, gear milling tools and thread milling tools.
In terms of application diversity, Schlumberger leads the pack, while Deere and Commonwealth Scientific and Industrial Research Organization stood in the second and third positions, respectively. By means of geographic reach, Power Construction of China held the top position, followed by Sandvik and Jinneng Group.
To further understand the key themes and technologies disrupting the mining industry, access GlobalData’s latest thematic research report on Mining.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
