The Internet of Things, robotics and plasma are transforming mining into a safer and more productive industry. Mining-technology.com picks ten technologies with the potential to transform mining.
The latest technology trends in mining indicate a compelling industry shift towards sustainability. Digital technology works harder than ever to deliver a truly modern, safe, and productive mine that addresses the increased demand for mined materials.
Source: https://www.angloamerican.com/futuresmart/our-industry/technology/trends-in-modern-mining-technology
Read Here: https://www.infosys.com/industries/resources/white-papers/documents/plug-value-leakage.pdf
The Internet of Things, robotics and plasma are transforming mining into a safer and more productive industry. Mining-technology.com picks ten technologies with the potential to transform mining.
Opportunities for digital technologies implementation, including implementation of artificial intelligence, are being implemented in the mining sector.
Technologies help to save money and to solve problems that humans can’t solve. McKinsey estimates that by 2035, the use of data analysis and digital technologies will help coal, iron ore, and copper producers save between $290 billion and $390 billion annually.
Source: https://www.miningreview.com/coal/artificial-intelligence-application-in-the-mining-sector/
Mining companies are applying digital technology across their organizations, but they are embracing it most heavily in mine operations. Technologies miners are leveraging most in mining operations include robotics, automation, remote operating centers and even wearables.
Source: https://www.accenture.com/in-en/insight-digital-technology-mining
A host of technologies are changing the way mines operate day-to-day.
Global miner Rio Tinto is busy implementing innovations across its operations worldwide, particularly at its sites in Australia, where autonomous drills and trucks, as well as drones are already in use.
The company is also due to launch the world's first fully autonomous heavy haul train by the end of the year.
The benefits of these new technologies are substantial both from a safety and productivity perspective, says Stephen McIntosh, head of growth and innovation at Rio Tinto.
Blockchain has been digitally transforming every enterprise in every industry. Blockchain’s encryption technology and digital ledger allows secure storing and sharing of cryptocurrency. Blockchain provides security and transparency in business transactions, changes made to designs, documents and other business agreements. These aspects of Blockchain make it useful and relevant to the mining industry.
With a majority of mines still using legacy technology and facing the growing need to drive operations deeper underground, easily attainable cost and productivity savings are getting harder to obtain. Moreover, productivity in mining operations world‑wide continues to decline—despite continuous improvements to operations and even after adjusting for declining ore grades. On top of that, the industry continues to face:
Over recent years, there has been a strong trend to move software applications and data to the cloud, and in many industries this has led to a number of advantages in reduced costs, flexibility, and operational efficiency. The mining industry, however, has largely been hesitant to follow the same path, in part due to obstacles such as geographical isolation, the cost of installing networks remotely, the robustness of solutions in a harsh mining environment and the need for data protection.
Despite a few companies leading the way, many mine sites still operate on a local laptop on a day-to-day basis. The spreadsheet is still king of software applications at many mining operations, and even transcription from paper and pen is common in many locations.
Source 1: https://blogs.3ds.com/geovia/part-1-cloud-computing-and-mining/
Source 2: https://blogs.3ds.com/geovia/part-2-benefits-cloud-computing-mining/
Source 3: https://blogs.3ds.com/geovia/part-3-cloud-computing-issues-benefits/
Read here: https://mining.komatsu/blog/details/the-future-of-mining-four-trends-for-tomorrows-success
Three major trends are fundamentally changing how mines will operate in the future: electrification, digitalisation and automation
Source: https://www.australianmining.com.au/news/future-of-mining-digital-transformation-as-a-journey/