New big data technologies can enable the discovery of new deposits hidden underground, setting South Africa on a path to exploit new mineral resources and resurrect the industry.
According to Professor Susan Webb of the University of the Witwatersrand School of Geosciences, using the latest techniques in analysing big data could have surprising results for the industry.
New precious and base minerals could be discovered, increasing the possibility of revealing gas and oil deposits.
The unprecedented growth in big data and disruptive technologies allow mining stakeholders the opportunity to analyse huge sets of data coming from multiple sources including satellites and ground stations, providing clues to future mining opportunities, she said.
The view is shared by Anglo American group director, technical and sustainability, Tony O’Neill, who agrees that the impact of big data and other technologies is enormous. “We are on the cusp of an explosion of game-changing technology,” he said in a prominent mining journal.
Resolve Immix leverages the Microsoft Dyanmics 365 technology to provide mining specific software across a variety of modules. Other investments in Microsoft’s software are also leveraged providing a reduced cost of ownership.
A scientific paper published in the American Mineralogist also mentions that big data is positioned to find new mineral deposits, and the technology can be widely applied to exploration.
With big data, organisations can accurately anticipate events and predict actions, and make an informed decision on how to capitalise on these events.
In the mining industry, this could mean the discovery of new minerals, not to mention streamlining mining operations and business processes that are vital to the industry, e.g. procurement.
Scientific analysis, business intelligence and large-scale computing can finally leverage new developments and opportunities in the traditionally-focused mining industry, not just via exploring new minerals, but also by improving system efficiencies, stakeholder collaboration, maximising profits and reducing costs.
Resolve 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 AX 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.