2023 Mining Technology Trends for Safer & Smarter …
The world continues to move towards a more technology-driven future, and mining is no exception. Here are our top 2023 predictions for safe, smart mining operations: Trend #1: Location-Enabled Automation Gains Traction. Mining operations are set to become more efficient in 2023, thanks to the application of smart mining …
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How digital innovation can improve mining productivity
A fully integrated and automated mining supply chain may not be universally realized in the near future, but it is more than mining science fiction—it is the logical end point in a …
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Technology is key to the future of the South African mining …
The ultimate objective is to use technology to put distance between mine workers and the typical risks they are exposed to daily. "You don't know what you don't know when it comes to these new technologies such as 3D , blockchain, cloud computing and artificial intelligence," Neil Froneman, CEO of Sibanye-Stillwater explained.
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Technical advancements and the future of blasting in mining
Mr Aubin emphasises two key areas that can assist mines. "I see two main areas for development in the blasting sector in the coming years.". More advances using WebGen™ wireless initiation technology, such as double bench mining and mine schedule flexibility. Secondly, 4D™ Bulk Systems technology, integrated with our suite …
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The future of mining: opportunities in the energy transition …
Technology advancements that are shaping the future for mining. Where there is uncertainty, there is opportunity. "The energy transition can't happen at the speed we need it to unless we embrace better technologies to design and run mines. At the same time, the need to improve overall sustainability and the social license to operate remains ...
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Growing demand and uncertain futures: the rise of …
The future looks very strong on the demand side.". In its 2018 annual report, chemical analysis firm Johnson Matthey noted that palladium demand had increased from 9.3 million ounces in 2016 to 10.1 million ounces in 2018, with the automotive industry driving this demand; the desire for palladium increased from 7.9 million ounces to 8.6 ...
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Global mining workforce — future of the …
Technology guiding the future of the mining industry . As human reliance on mining continues in the modern age and well into the future, the advancement of technology is constant and vital.
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Automation in the Mining Industry: Review of Technology, …
In the opinion of these authors, technology alone can never give an organization an edge over competitors or provide an industry step change. However, history has shown that technology applied with correct logistics and strategy makes a significant difference. Never has the minerals industry faced such daunting challenges and been in such need of a …
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The skills needed for the modern mining industry
Innovating requires diverse talent, risk-taking, creativity, time to think and space to grow. Most importantly, it needs leaders who are happy to embrace the challenge and ambiguity that comes with innovation. But fostering innovative ideas is a priority, and it is a crucial element for a company to maintain its competitiveness.
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Towards Mapping a Sustainable Future for Mining Industry
The mining sector is one of the largest industrial contributors to global greenhouse gas emissions — directly accounting for 4% to 7% of scope 1 and scope 2 emissions globally. According to one of the findings scope 3 emission holds the lion's share of 28% of emissions including the combustion of coal.
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Seven ways new technology will impact the mining sector
Given the massive research and development investments needed to operate the mine of the future and the increasing share of the value chain accruing to capital goods, we expect technology providers to become more dominant players as direct and indirect investors. 6) Artisanal and small-scale mining adds another layer of complexity.
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Racing Toward a Digital Future in Metals and Mining | BCG
That's a huge deficit, especially considering the enormous benefits digital technology can bring to the sector. By accelerating digital transformation, metals and mining players can boost throughput, simplify processes, lower costs, improve metal recovery and yield, and reduce supply chain complexity. It's not easy to pull off, but a …
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Battery-electric Vehicles: Brightening the …
E&MJ looks at some of the collaborative projects driving BEV development and adoption, and mulls over the technology's place in the future of the mining sector. By Carly Leonida, European Editor. …
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SafeAI: autonomous vehicles and future mines
The mining industry has seen a surge in demand for autonomous vehicles in recent years. As technology continues to advance, companies are increasingly turning to autonomous solutions to increase efficiency, productivity and safety. It's easy to understand why automation is an attractive prospect; autonomous mining equipment can operate …
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How digital innovation can improve mining productivity
A fully integrated and automated mining supply chain may not be universally realized in the near future, but it is more than mining science fiction—it is the logical end point in a series of technology deployments that mining companies have already initiated. And it is the outcome that moves the mining industry closest to reducing and better ...
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How technology is changing Australian mining jobs
GlobalData's IoT in Mining Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: Major players and companies Market size and growth forecasts Case studies
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South African Mining 2024 Outlook: Navigating Challenges …
by Adenike Adeodun January 30, 2024. The year 2023 proved to be an exceptionally demanding period for the global mining industry, with South Africa facing multifaceted and far-reaching challenges. These challenges have pushed the sector into a state of crisis-mode management, which has become the norm in the management of South African …
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Australia's Mining Industry Trends in 2024 and Beyond
Climate change and achieving net zero. Mining has long been a significant source of income for Australia, generating around AUD 455 billion of export revenue in the 2023 financial year. However, the current push toward net-zero targets necessitates an annual 11% reduction in global coal production, aiming for a complete phase-out of unabated ...
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Barriers and enablers of technology adoption in the mining industry
2. Methodology. The aim of this research was to identify barriers and enablers to technology adoption in the mining sector. This research was a part of a large-scale research program aimed to develop management tools to support innovation adoption and overcome barriers to change in the mining sector.
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Global forces shaping the future of mining and how to …
One approach is to look at risk and issues not in isolation, but to consider how they manifest themselves as forces shaping the future of the mining industry. Whereas risks vary from year to year (evidenced by the emergence of infectious diseases as one of the Forum's top risks in a matter of months), forces endure over a longer …
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Behind the mining technology transformation
McKinsey Metals & Mining published a 2015 paper that predicted a technology-enabled transformation of the mining industry. The paper identified some potentially game-changing innovations that …
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Mining technology and innovation
4. Small footprint mining. Technology will continue to automate machinery, which will drive down onsite operational personnel required. The reduction in onsite operational personnel requirement will then reduce the environmental footprint that the mining (not necessarily exploration) industry currently has. 5.
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The AI Revolution in Mining: Opportunities and …
How important is AI to the mining industry 66% of mining companies are using AI in 2022, up from 57% in 2021, according to the latest survey from Axora. of the 160 decision makers in …
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Future of mining industry | Deloitte Insights
The COVID-19 crisis has exposed the siloed nature of mining companies and highlighted the need for integrated operations. This is likely to accelerate the adoption of digital …
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Hydrogen-powered vehicles: innovations in the future of mining …
From 200-ton clean energy trucks to multi-million dollar investments, we profile some of the biggest innovations in hydrogen-powered mining. Tan Xuguang, Yang Rongming, Liu Wei and Dr. Wei Wei at the signing ceremony (Weichai Group) Hydrogen could dominate the future of the world's transportation. By passing hydrogen and …
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Futureproof the mining industry with AI and digital innovation
The mining industry also faces a chronic labor shortage which adds even more to its challenges, ... Transformation starts with technology-savvy leaders who have a grounding in AI and a focus on sustainability. ... He is a thought-leader on the Digital Sustainable Mine of the Future and his work utilizes digital twins, AI, industrial …
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Will the Northern Sea Route become commercially
But adding roughly 11,300km to already considerable distances is far from a feasible long-term solution. Russia has looked to take advantage of the Red Sea disruption to turn the Northern Sea Route (NSR) into a new Suez Canal. For years, NSR activity has been rising. In 2021, around two million tonnes of cargo passed through the NSR, a …
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Seven trends shaping the future of the mining and metals …
The mining and metals industry is recovering from one of its most difficult periods in decades. Market volatility and a downturn in commodity prices have created a new …
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How technology is transforming the mining industry
Technology is radically transforming mining, with an eye toward productivity, safety and sustainability. The best way that can happen efficiently is through venture enabled …
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Technology is propelling Australia's mining industry forward
Equinix Mining Technology Report 2021–22 is a leader's guide to digitisation in mining today, describing how technology is helping miners to meet current challenges, capitalise on opportunities and shape the entire industry for a brighter future. According to our research, despite ongoing pressures the sector faces, the future for the ...
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