Mining drilling services refer to the mining process for penetrating/extracting rocks, mines, and minerals from various depths beneath the surface.
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The services are generally carried out for blasting and rock
removal work, clearance or underground the surface, drilling and boring of
surface, overburden removal, other development and preparation services of
mineral properties and site, and other similar excavating and earth-moving
services. Mining drilling services are extremely important for determining the
types and structures of the rocks underneath our feet, leading to their wide
usage for mineral exploration along with site investigation for mine
development, production, and mine closure.
COVID-19 IMPACT:
Uninterrupted Mining Production & Exploration Amid COVID-19 Pandemic
Drives Market Growth
Demand for mining drilling services mainly depends on mining
activity. 2020 was a remarkable year for the mining industry due to the impact
of the COVID-19 pandemic. Despite travel restrictions and nationwide lockdown,
the mining industry was still functioning. Furthermore, during the operational
shutdown, continuous research & development activities were underpinned,
leading to the opportunity opened up by the global pandemic.
Increasing Exploration of Metals & Minerals to Shape Market
Dynamics
Drilling service at mining sites is majorly used for two
main reasons, exploration, which focuses on gaining detailed information about
the land formation below the ground surface; and production to facilitate the
extraction of iron ore. Numerous investments to explore & produce more
metals and minerals to satisfy the growing needs of metals are projected as one
of the leading factors in propelling the growth of the market size.
KEY INDUSTRY
DEVELOPMENTS:
February 2022 –
Perenti's idoba grew capability with acquisitions of Orelogy and Atomorphis.
The acquisition of these companies is aligned with Perenti's strategy of
establishing digital, innovation, and technology services that improve
sustainability and operational performance outcomes for the mining industry.
March 2021 –
Major Drilling surpassed its 2,000-meter drill record with the addition of
another extreme deep hole of 2,021.3 meters PQ3 for Oyu Tolgoi. These are
exceptionally deep holes for PQ and constitute the specialized drilling
expertise of the Major Drilling Mongolia team. These records are commendable
and rare among drill crews globally.
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