Much of this value will come in the form of optimised operational effectiveness, increased productivity, and enhanced safety. A lot has changed in the eleven years since I became a mining journalist. Gwede Mantashe’s opening address at the Mining Indaba in Cape Town this morning was positive for the industry. There are far more women in the industry now and in positions of leadership then when I began, and I think it’s no coincidence given the rise of digitisation. Digitalization offers endless possibilities and helps re-think the entire mining process. In RCT’s latest paper, entitled Digitisation in Mining, we delve into the significant growth of the digitisation field and its importance in the mining industry now and in the foreseeable future. Attention has shifted towards emerging technologies to optimise investments on equipment, improve safety at mines and reduce environmental impact. By accounting and advisory firm BDO national head of advisory and managing partner Bert Lopes. Apr 25, 2018. Technology used in the Mining Industry can be divided into two categories namely administrative (back office) and operational. 0. views. RCT examines the growth and significance of digitisation in the mining industry. The ASIA Miner team in Melbourne, Orange and Jakarta not only scour the region for news but are often contacted by companies seeking information … But still, I wish there were more. One particular tech facilitator based in the UK, Inmarsat, has long discussed the role that digitisation can play in making mining operations safer, more accurate and high performing. Digitisation is the next step that all mines must take to be relevant for its own staff. Operations, Information, Enterprise Technology integration Overcoming innovation barriers, embracing digitisation and paving the way to the workforce of the future are among key focus areas; Mining executives double as futurists as they predict the disruptors of the future – from growing demand for lithium for electric vehicles, to potentially mining asteroids for rare metals with the advent of a viable deep space industry. Heidi Vella (HV): How can digitisation in mining lower company and investor risk? Looking ahead, many existing mines are maturing, resulting in the extraction of lower ore grades and longer haul distances from the mine face; ore-body-replacement rates are in decline; and new-mine-development times are increasing. Firms in this sector do not shout loudly enough about their sustainability, conservation and community support projects. By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitisation of the mining industry, speed up the transformation of mining workflows and build in more operational resiliency in a rapidly changing world. 0. The digitisation of mining has accelerated to a pace not previously seen this year as market sentiment has improved. As the industry now stands in the middle of what appears to be another bull run for some commodities, the next 10 years will... Health and safety VIDEO: Top ranking university embraces mining digitisation The ASIA Miner is a bimonthly magazine published in English and Chinese by SEMCO Publishing, providing extensive coverage to the mining industry and is essential reading for those serious about doing mining business in the Asia Pacific region. Earlier, enhancing operational excellence meant to cut operating costs, but this is no longer true with the advent of mobile technology. Share. This is despite expectations of a decline in sales of for 2020, the association said. The role of digitisation in mitigating mining downturns. Digitalisation has become a key driver in mining to optimise processes and maximise the value of existing applications. Matthew Hall spoke to the partners to find out more. The World Economic Forum in January 2017 highlighted that digitisation in the mining industry has the potential to deliver over US$425 billion in shareholder, customer and environmental value by 2025. The industry agrees that both social licence and digital transformation are vital, but implementing a successful strategy that encompasses both these areas is not necessarily obvious. The digital revolution | Introduction. lowing key questions: What challenges and opportunities does digitisation present for the mining industry? At the heart of digitisation in mining is the concept of ‘standardisation at the back, differentiation at the front’. The value derived from the application of digital technologies and digitisation are so profound, and early adopters are already seeing the benefits of using automation. February 20, 2016. PROPELLING DIGITISATION IN MINING WITH SD-WAN Reduce costs while ensuring high quality, reliable connectivity to even the most remote sites ADVERTORIAL applied to the mining industry. Mining opera-tions bring together a multitude of contrac-tors and sub-contractors. impacting the mining industry. A response to disruption. Related articles. A partnership between IBM and Royal Dutch Shell, the two companies are aiming to accelerate the digitisation of the mining industry by hosting new technologies and digital systems on one platform. There are a great many women in the mining industry whom I admire. May 8, 2018. The mining industry is variable by nature. Mining technology is essentially divided into two areas: back-office or administrative technology, and operational technology (which actually touches the ore). Share Tweet Share Pin. What will the mine of the future look like? Coal BDO’S Energy 2020 vision – The near future of mining. In RCT’s latest white paper, it delves into the significant growth of the digitisation field and its importance in the mining industry now and in the foreseeable future. Data and digitisation in the mining industry . No Comments. However, with increased opportunity comes inherent uncertainty, … The global mining industry is under pressure. Michael Proulx (MP): Previously, the mining industry had been somewhat removed from the heightened consumer awareness that we have seen manifest over the last two or three decades. Automation and the digitalisation of its machines and processes is driving thyssenkrup’s strategy to improve its product offering in the age of Industry 4.0. We understand your processes and what could benefit them. By Hannah Frankish April 8th, 2020 Fewzion, Mobile , Productivity, Short Interval Control, Software, Technology, Visual Ops. Nokia’s private wireless networks enable the digital transformation process in the mining industry and more broadly in Industry 4.0 projects, providing mission-critical communications for data collection and processing. Opinion. Business as usual is no longer acceptable in the mining industry, and to stay afloat traditional businesses need radical changes. Mining domain expertise For more than 130 years, from the advent of electricity to today's data-driven industry, we’ve continued to enrich our knowledge of the mining industry. Mining industry’s first AI expert user group. Those involved in the mining equipment industry in Germany are optimistic about future demand for their products, with only state-of-the-art technology able to provide the raw materials needed for climate protection and digitisation, the VDMA Mining Association reports. Productivity and operational excellence are two crucial elements to being competitive in the mining industry, and this has not changed in many centuries. As it stands, the mining technology supply industry has done a great job of providing innovative products for specific monitoring tasks, but a poor job of tying them together into a single ecosystem. In the short term, falling commodity prices are squeezing cash flow. In particular, the firm has mapped the trend to Sustainable Development Goal 8 – inviting stakeholders to take actions to promote sustainable economic growth, while also achieving decent work and full employment for all. November 10, 2020. However, ethical investing and green investing has started to grab hold. The result is that mining companies can end up spending money on state-of-the-art monitoring products and yet still not get the full value from their investments. Remote Control Technologies Pty Ltd. (RCT) RCT. How Digitisation Can Make Mining Safer. 0. According to ESG research firm Sustainalytics, digitisation of mining operations can work towards meeting several of these ambitions. We need disruptive innovation in the mining sector, as well. Technology has advanced such that the barriers of high cost of entry, and a very physical value chain are no longer protection against large scale disruption. By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitisation of the mining industry, speed up the transformation of mining workflows and build in more operational resiliency in a rapidly changing world. 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