Published on : Jul 14, 2014
According to a research report published this week, the market for treating water for hard-rock mining operations is projected to register an 85% annual growth to reach USD 17 billion by 2019. Much of this growth is attributable to the growing demand for treated water for mining metals such as copper, gold, nickel and iron. These figures were reported in a market study conducted by Bluefield Research, a market research firm based in Boston.
A number of water treatment specialists operate in this highly fragmented industry. Some of the players who jockeying for a larger share of the market are: GE Water, Veolia Environment, Suez Environment, and Pentair PLC.
Over the last year or so, these companies have experienced a number of growth opportunities has governments across the world implement strict regulation on the quality of water used. This has made it imperative for market players to engage the services of water treatment specialists. Companies such as Acciona SA and Doosan have earned plum contracts to supply desalinated water to a number of mines. Currently, the value of large-scale mining-specific desalination plants and supply lines under development is pegged at approximately USD 15 billion. The report further added that nearly 50% of all the hard-rock mining investments that are planned over the next few years, are in areas the experience medium to high stress in terms of water level.
This also brings in focus, the many debates surrounding fracking and major campaigns worldwide to implement similar regulations in fracking operations.