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How Technology Is Impacting the Mining Industry
Statistics show that every individual born in the U.S. will need 2.96 million pounds of minerals, metals, and fuels from mining operations in their lifetime. With such a high demand for mineral commodities, it makes sense that the number of technological innovations in the mining industry has grown so drastically through the years.
Considerable technological growth in the mining industry and the increasing need to refocus shared value achievement efforts have led to a rapid shift toward automation and other technological advances in the field. These changes will increase productivity while lowering labor costs.
This article will review how technology has impacted the mining industry throughout history and deliver a brief overview of the current state of technology in this field.
How Has Technology Affected the Mining Industry?
New technological innovations in the mining industry have delivered ground-breaking benefits to the field over the years, such as:
- Increased Productivity: As mining companies integrate more advanced technologies into their processes, they experience more efficient operations and improved performance. Greater technologies also enable these organizations to limit spending and boost labor productivity.
- Higher Throughput: In many mines, the introduction of solutions like analytics systems has resulted in a global optimum rather than a local optimum, ultimately increasing yield energy throughput for mining organizations. As a result, these technologies raise minimal recovery
- Maintenance Optimization: Technology has helped mines improve maintenance by conducting it on an as-needed basis instead of on a fixed schedule. It has also enabled workers to stay informed on maintenance history and work orders and even predict equipment failures before they occur.
- Improved Safety: Automated mining technologies have improved job site safety by taking on operations in dangerous working conditions so that miners don’t have to. Tools like smart sensors have also minimized the frequency of health and safety incidents and injuries.
- Fewer Operating Costs: In the mining industry, automated technologies have reduced labor and maintenance costs with continuous operation and less variability.
- Minimized Environmental Harm: Mining technologies have allowed workers to extract mining materials with minimal environmental impact. They have also led to reduced energy consumption.
Most Popular Mining Technologies
Mines have leveraged new technologies for decades, resulting in a comprehensive assortment of widely utilized solutions in the industry today.
These technologies have heavily contributed to the growth and progression of the mining operations, leading to more significant mineral commodities and overall productivity.
While there are dozens of technological innovations and equipment types that play a role in the mining industry, a handful of products are prevalent across many mining companies. Let’s take a look at these products and how technology has helped mining.
The Future of Mining Technology
With so many emerging technological innovations in the mining industry, it comes as no surprise that this field is projected to continue growing and optimizing its processes. Many current mining technologies and trends are expected to continue impacting the industry in the future.
Digitalization and Big Data
With automated technologies, companies will be able to collect and analyze data to make the most informed decisions regarding the production process, predictive maintenance, mine conditions, and inventory management, to name a few.
Sustainability and Waste Prevention
One trend that’s expected to influence mining technologies heavily in the future is environmental sustainability. Significant components of the sustainability movement include waste reduction and energy efficiency.
Optimal use of mining equipment and technologies in the future can drastically reduce water consumption and emissions. In addition, mining companies will strive to minimize environmental impact on fragile or ecologically challenging settings.
Battery-Electric Vehicles
Electronic vehicles are helpful in improving safety and reducing the risk of collisions in the workplace. These machines also reduce harmful emissions and the amount of ventilation required to function, making them ideal for underground mining environments. With these innovations, the mining industry can expect to see lower costs, minimal power consumption, reliable operation, and safe underground movement.
Digital Twins
Digital twins are virtual replicas of physical systems, processes, and aspects that act as a representation of the dynamics and elements of Internet of Things (IoT) devices. These devices are used within the system or space depicted. They use artificial intelligence, machine-learning capabilities, and software analytics and data to generate real-time digital models that update according to their real-life counterparts.
Digital twins enable miners to assess engineering data and discover areas that require better monitoring or data rendering. With these insights, companies can direct their efforts toward areas of maximum need and impact.
Internet of Things
Internet of things is a network of physical objects like equipment, sensors, and other data sources. All interconnected network elements are able to interact with one another, exchange information, and act in coordination with one another. They enable low-cost network establishment in the mining industry while capturing real-time data from equipment and machines across mining operations. With this information, companies can support the decision-making process, conduct integrated control and planning, and consider different operational units.
Find The Right Technology With
EMPIRE CAT MINING
Empire offers a suite of best-in-class technology solutions to help you operate more safely, efficiently, and productively in the mines. Discover why MineStar Solutions is the leading provider of mining technology solutions ― including full autonomy. To learn more and get started with the newest mining technology, connect with one of our mining specialists.