How will technological innovation shape the future of mining? By Boris Ivanov, Global Commodities Expert
“AI programmes can analyse significant quantities of geological data and identify where to find resources”
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raditionally, mining has been slow to adopt new technologies and embrace innovations that could transform the industry. However, over the past ten years, the industry has faced an increasingly challenging scenario – to improve efficiency and to reduce costs, whilst also demonstrating an increased environmental and social awareness. Amidst the turmoil of a global pandemic, the pressure to get this balance right has only intensified and triggered many countries to reassess the long-lasting impacts of their mining projects. As a result, new processes and technologies must be developed to meet the increasing demand for materials and this is where the rise of smart mines can offer a solution. From AI and spatial visualisation data to automated drones, digital technologies are set to make mining operations around the world more efficient and sustainable, whilst significantly reducing the risks involved. In fact, a 2017 report by professional services company, Accenture, found that 82 percent of the mining industry
is looking to increase investments in technological innovations over the next few years. So, how will technological innovation shape the future of mining? Artificial Intelligence (AI) Rapid advances in artificial intelligence tools are improving planning and operational efficiencies, mine safety and workflow productivity, as well as stimulating the integrated supply chain. For example, by using smart data and machine learning, a single operator can now remotely control several drill rigs simultaneously, with autonomous vehicles taking over pit-topit operations. Moreover, AI can also be used to provide recommendations on new and potentially valuable sites to mine. By using pattern matching and predictive analysis, AI programmes can analyse significant quantities of geological data and identify where to find resources. This not only helps companies to locate and extract minerals at a much quicker pace, but also to reduce the initial investment required as mining
companies can plan exploration activities with much more precision. AI-powered technologies can also be developed to help minimise the ecological impact of mining operations – thus lowering the environmental footprint. Mining sites can be easily monitored and environmental parameters such as temperature and groundwater tracked to assess the wider impact of a mine. Autonomous mines Mines have always been considered dangerous environments to work in. However, as the exploration of new deposits becomes increasingly complex, including lower ore grades and deeper deposits, the number of injuries remains persistently high. This is where technological innovations help. The World Economic Forum projects that automation and robotics could prevent 10,000 injuries in the mining and metals industries in the decade to 2025. Through the implementation of AI-powered autonomous systems, mining companies are now able to use self-controlled machines to take
