2014-2016: Lower commodity prices. In truth, most of the technology challenge has been solved. There are six crucial innovations that today’s mining companies should strongly consider implementing. In this whitepaper, produced by Australian-headquartered mining products company CR Mining shows how mining companies can achieve up to 5% more mine site productivity by simply using the right – and the smartest – ground-engaging tools. A large North American open-pit mine applied an advanced analytics–based approach to how it maintained its hauling trucks, and within six months captured 12 percent savings in labor, services, and spare parts and improved availability by 5 percent. tab. Flip the odds. Investments in automation are best done alongside investments in systems and tools that build a foundation for better decision making. Our analysis shows that global mining productivity has declined 3.5 percent a year over the past decade (Exhibit 1). In this article, we describe a number of digital technologies that have long been in the works and are now available and affordable enough to become operational at scale across the mining industry. Despite the industry’s booms and busts, the nature of mining has stayed the same for decades. Mining companies may wish to apply a better use of technology to achieve these goals: Seek out innovative technologies capable of unlocking deposits and improving productivity on the mine site. This makes capturing the opportunity a management challenge for the next generation of industry leaders. We see three reasons for this. In fact, an underinvestment in digital technology designed to improve productivity can lead to increased work hours, corresponding billing increases, increased operational expenses, schedule slippage and lost revenue. 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. Now, Ivory added, it is time that mining companies took the next step to unlock new productivity gains to further improve cost efficiency in the next era of the industry. Digital innovation could provide a breakthrough. hereLearn more about cookies, Opens in new The industry has shifted its focus to improving productivity by “sweating” existing assets, but this strategy will go only so far. Thus, we see it as a natural destination; the question is how long it will take to get there and to navigate the journey successfully. Second, in time, these decisions will be fed back to autonomous machines, not to human operators. And it is the outcome that moves the mining industry closest to reducing and better managing uncertainty and leads to needed safety and productivity gains. As the industry outlook has deteriorated, most mining companies have shelved or trimmed expansion plans and refocused on doing more with less. Based on our benchmarking, we observe a global average overall equipment effectiveness (OEE) performance of 27 percent for underground mining, 39 percent for open-pit mining, and 69 percent for crushing and grinding—compared with 88 percent for upstream oil and gas, 90 percent for steel, and 92 percent for oil refining. The examination identified the variability in levels of dissolved oxygen in the leaching process as the most important driver of yield, a finding validated by tests. But widening gaps among countries, companies, and workers will need to be managed to maximize the benefits. If you purpose to Alone, each of these opportunities has real potential; together, they represent a fundamental shift in both potential safety outcomes and how value can be captured in the mining sector. Thus, we see it as a natural destination; the question is how long it will take to get there and to navigate the journey successfully. The large-scale adoption of four different clusters of technologies is accelerating: Taken together, these technologies enable a fundamental shift in the way mining works—a shift marked both by harnessing the flow of information to reduce variability in decision making and by deploying more centralized, mechanized operations to reduce variability in execution. How digital innovation can improve mining productivity. The industry has shifted its focus to improving productivity by “sweating” existing assets, but this strategy will go only so far. The key to the next era in mining is recognizing that this situation is no longer inevitable—that, with the right investments, miners have the opportunity to reduce and, in some cases, eliminate the uncertainty. This will be a difficult change, and it will only succeed if industry leadership believes there is a big prize at the end of it. Please try again later. The path to a step change in mining productivity will come through reducing and, where possible, eliminating the variability that has made mining unique. The result has been that mining productivity has leveled off and even started to recover in some locations and commodities. Over time, mining work will evolve toward knowledge-based jobs that solve the same challenges as today but do so through different means. And the strains and stresses placed upon mining equipment by rocks of unpredictable size and hardness result in frequent breakdowns. The autonomous drills at Yandi and Mining Area C have increased productivity and reduced wear and tear maintenance costs. Over time, mining work will evolve toward knowledge-based jobs that solve the same challenges as today but do so through different means. In the short term, falling commodity prices are squeezing cash flow. One miner is already assembling the capabilities of mining digitization to enable it to push forward the frontiers of what is economically and safely mineable. In particular, much of the value creation in mining will shift from how well the operation moves material to how well it collects, analyzes, and acts on information to move material more productively. These dynamics are core to the industry’s operational performance. The global mining industry is under pressure. These equipment deployments, in combination with advanced navigation systems and the use of X-ray-fluorescence and X-ray-diffraction scanners, can help to ensure that the mining will remain targeted on the richest part of the copper veins, increasing mined-ore quality. Is there hidden treasure in the mining industry? Big data and analytics might improve the geological modelling and mine planning (especially 3D technologies). The information transmitted can enable proactive control of mining operations. Article How digital innovation can improve mining productivity Article Productivity in mining operations: Reversing the downward trend Article Riding the resource wave: How extractive companies can succeed in the new resource era Moving operators to the work site (whether by flying them in, moving them underground, or from shaft to face) can consume valuable time in itself. The real value of completing this loop will be in the learning it provides—consistently recorded decisions and actions that, working with machine learning algorithms, will be continuously refined to get better with every iteration. how-digital-innovation-can-improve-mining-productivity 1/1 Downloaded from monday.cl on November 28, 2020 by guest [PDF] How Digital Innovation Can Improve Mining Productivity Eventually, you will utterly discover a other experience and execution by spending more cash. The AI wave is now making a mark in the mining industry as well. First, using predictive models of failure made possible by more targeted and effective maintenance, examination of the data showed that gearshift-timing variances that appeared after trucks hit a particular revolutions-per-minute level were an indicator of imminent transmission failure, and so truck-maintenance strategy was modified accordingly. Analytics might improve the roads quickly, eliminating this cause of equipment.. 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