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(MoneyNewsWire.Net, October 31, 2018 )
Internet of Things technology gives miners greater insights into the working condition of their equipment. Sensors on the kaolin mining machinery drive predictive maintenance that in turn reduces the likelihood of unplanned, unscheduled downtimes that often drain the resources of mining companies. IoT technology gives realistic insights on machine wear and tear rates that enable miners to plan maintenance schedule accordingly.
THE BUSINESS RESEARCH COMPANY VALUED THE KAOLIN MINING MARKET AT $5 BILLION in 2017
Asia Pacific was the largest geographic region in the market, accounting for nearly two-fifths of the global market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, mining support companies are increasingly opting for 3D modeling technologies which reduce costs of discovery, improves prospecting and facilitates focused exploration. A geological 3D modeling tool provides computerized illustrations of earth crust based on geological and geophysical observations made on earth surface and earth crust. It also provides detailed mapping and visualization of structural data of prospective mining zones and supports companies in resource estimation of mines, thus aiding the stakeholders to better interpret the data .This technology enhances discovery efficiency and improves exploration success rate. For instance, BRGM, a leading geological exploration based in France, carried out 3D geological modeling at Gardanne coal basin.
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Thiele Kaolin Company was the largest player in the market. As a part of its growth strategy the Thiele Kaolin Company plans to diversify its business in the kaolin mining sector and provide future avenues for growth to generate additional value for the company’s shareholders.
Kaolin mining includes mining of kaolin or china clay. It is distinguished from other industrial clays based on its fine particle size and pure colouring. Its ability to disperse in water make it an ideal pigment. The primary constituent in kaolin is the mineral kaolinite, a hydrous aluminium silicate formed by the decomposition of minerals such as feldspar.
Kaolin Mining Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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