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Mining Industry continues in pursuing new equipment to boost working conditions, staying in leading edge and remain competitive. Today, innovative technology is one of the great factors that could help in shaping the mining industry. Successful mining companies remain their competitiveness in venturing for more flexible, quick and efficient mining management. They create change, combining with this is operational excellence that grows trust and takes the risk.
Industries cannot just depend on the ageing system in sustaining on their daily business activities. In order to maintain their businesses in their line, they need to transform, create new operating and business models and fostering digital culture. By removing inefficiencies, automating steps in the processes and changing the ways to go from idea to the market will faster the growth of the industry.
Whether its mining companies, any geotechnical companies or other related companies, it is vital to stay ahead of the game with the latest tech, gears, machines and research.
For instance, Geotech companies invest in research and development . Their success has always hinged on its preparedness to innovate and develop, both for its own internal purposes and on occasions to get a client out of trouble. Many of their designs and methods are protected by patent. Some of their notable developments are:
- IST overcore stress measurement tool
- The tectonic strain approach in understanding stress regimes
- Stress change cells
- Stress path analysis for reservoirs
- Hydrofracturing systems
Emerging technologies are set to change the way miners operate over the next decade.
Delivering improved productivity, cost savings, and safety advancements a report from the McKinsey Global Institute has identified various technologies that could drive economic transformations in coming years.
While not all will directly impact mining, they will play a role in mining’s supporting sectors including manufacturing and health.
The report explains that the combined application of all 12 technologies, including advanced robotics, energy storage, and mobile internet could have a potential impact of between $14 trillion and $33 trillion a year in 2025.
Mining has traditionally been a dangerous activity with a heavy environmental cost. But new technology is helping to make it safer and cleaner, by taking existing technologies and applying them to the context of mining as explained in this video:
The investment of a clear vision, digital transformation and fostering a collaborative approach, mining companies can:
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Lower capital cost, minimize risk and keep the projects on track
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Strengthen the level of automation, improve high quality of work, off from accidents and keep people safe and secure
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Maintain the new concepts of “zero waste mining” or a “green mine” that protect the environment
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Allow integration of control and monitor the data from different sources
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Swiftly resolve and forecast unexpected output with the use of advanced algorithms, modeling, analytics, remote expert assistance.
While mining explains certain challenges, the existence of innovation empowers the industry to strive for a more efficient, safe, sustainable and socially integrated future. Digital solutions allow mine operators these goals while optimizing planning and visibility across operations and the entire enterprise. These pioneering contributions indicate the continuous development that the industry is currently constructing. And in spite of being a firmly-established industry, innovation and new ideas of growth still continue to thrive
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