Improving environmental monitoring is an area where mining operators see real value in IoT, particularly in the face of stringent environmental regulations and CSR policies.
New mining regulations call for new approaches to innovative technologies that drive sustainability and efficiency, and IoT can assist mining operations to not only improve their mining output but to do so with minimal environmental damage.
According to mobile satellite company Inmarsat’s report, ‘The Future of IoT in Enterprise – 2017,’ which involved 100 global mining companies, IoT has become a hot commodity for the normally risk-averse mining sector.
40% of surveyed companies who formed a part of the research were looking at adopting the technology over the next period, and environmental monitoring seems to be its primary driver.
We already know that the Internet of Things (IoT) has the potential to automate machinery operations, facilitate predictive maintenance, improve traceability, and harness real-time data and analytics in the industry. IoT is however also instrumental in reducing the impact of mining operations on the environment quite dramatically, and as the report noted, citing more and more mining concerns interested in leveraging IoT in the field of environmental monitoring.
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.
47% of the mining companies surveyed identified monitoring environmental changes as the number one priority for IoT deployments, while a further 53% considered environmental monitoring as the most exciting IoT innovation.
Mining giants like BHP Billiton and Rio Tinto have already set up integrated remote operational centres to monitor mining operations and optimise processing via IoT-enabled technology – monitoring environmental impact is the next logical step.
The move is especially expected with damaging coal mining activities, e.g. strip mining, that often result in erosion, sinkholes, soil and water contamination, as well as biodiversity loss in the region.
An IoT-enabled monitoring process can perform faster with a more accurate data collection and analysis than manual operations, with the added benefit of remote connectivity in open mines or deep underground.
It delivers real-time insights to a cloud-based central system, using sensor networks to gather data instantly.
IoT finally enables mining businesses to monitor their assets more accurately, even remotely, and react more quickly to any potential issues, leading to more control over the operations, improved impact assessments, and ultimately less environmental damage than before.
Mining organisations are highly encouraged to take advantage of digital transformation by implementing a tailor-made ERP solution to impact their bottom line and maintain environmental compliance.
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.