The mining industry have always been subjected to fluctuations from a supply and demand aspect as well as commodity prices, combined with increasing costs of production and decreasing resources. These and others factors pose serious challenges to mining operations, which can be addressed by adapting to the changing technologies. In this blog, we explore a few options.
Production and Mineral Resources
Mining stakeholders know that minerals are a finite resource. While mining shafts go deeper underground, the difficulty of accessing good quality mineral deposits increases. Additionally, the declining quality of existing mining shafts means new prospecting, additional expenditure and profit margins constantly being under pressure. This has become more prevalent in recent years.
Making use of modern mining technology and connected operations throughout the entire life of mine can identify new mining opportunities (4D mapping, VR, AR), improve resource planning and staff collaboration (ERP), maximise the usage of plant machinery and equipment (IoT, machine learning), and optimise mining data analysis and production output (AI, BI).
Microsoft Dynamics Ax Production Accounting Module 2 (PAM 2) is the second module within our Production Accounting Module software suite included in the xMMP (exploration, Mining and Metals Processing) platform. PAM 2 is used in processing plants and tracks the location and value of the commodity, essentially improving the visibility and control of the revenue generated from the plants’ output.
Mine Workers’ Safety
Mining poses a danger to the safety of mine workers due to heat, the nature of the job and tectonic instability. The need for safer working conditions is a reality in many countries, including South Africa. Last year, the Chamber of Mines South Africa recorded no less than 76 mining fatalities.
Through the adoption of automation, IoT-enabled plant machinery, robots and drones, the industry should focus on what can be outsourced by way of technology.This can assist in the redeployment of human resources to more sophisticated roles as well as to create safer work environments by using technology to better predict, analyse and interpret data to name but a few advantages as automated technology can be of huge benefit.
As environmental impact and quality audits become more prevalent in the industry, the mining industry needs to consider technological solutions to provide alternative energy sources, sustainable production methods and site remediation strategies.
The future of mining will be hugely impacted by optimising productivity and efficiency through digital connected technologies by moving away from manual operations and hazardous mining processes. The ability to collect and process data and to make informed decisions about mining resources deployment – including the impact on the environment – will require technology shifts in the industry.
The Mining Technology Conference was held on 19-20 July at Emperors Palace Convention Centre in Johannesburg. Experts from reputable organisations that included Decision Inc Immix and Deloitte shared high-quality content, innovation insights, and discussed mining technologies and connected operations.
Decision Inc Immix’s software provides extensive exploration, Mining, and Mineral Process (xMMP) solutions for key mining requirements, including functionality required for nearly all of the Total Life of Mine (LOM) requirements.
Microsoft Dynamics serves as the platform for the xMMP product suite and is a world-class global Enterprise Resource Planning (ERP) solution used by over 20 000 businesses across the globe.