This allows the operator to accurately navigate the drill from blasthole to blasthole, maintain a desired shovel grade, or face position from a remote location. Defining and Predicting Housing Strength for Mounted Bearings, Case Study: Timken Solution Drives $100K in Maintenance, Labor Savings, Case Study: Timken Helps Saves $2.6 Million through Downtime Elimination. These solutions learn from past actions through AI (specifically, machine learning) and can, therefore, improve their own decision-making processes. Boost Productivity Through Mining Technology Integration. Workforce-tracking also allows for greater mining productivity, as workers are more effectively managed, and potential incidents that would reduce working hours are diminished, or even completely prevented. To make it simpler: digital twins are like real-time “video game” versions of mines, digitizing these spaces in a way that produces interaction between the real and the virtual. Productivity is the economic buzzword economists and politicians see as the way to keep industries in Australia growing and contributing to the wellbeing of the nation. Coal miners working far below the earth’s surface have little time or space to deal with unscheduled breakdowns, especially with downtime costs amounting to $10,000-14,000 per hour. Transforming processes to improve productivity in mines and tunneling operations When compared to other industries, the mining sector has historically struggled to implement effective productivity … …improving productivity is the talk of the town “In the broader mining industry, the opportunity cost of not producing a unit of production during this high price period meant that most miners took a “volume … Digital twins use AI (artificial intelligence), machine-learning (a subset of artificial intelligence) and software analytics with data to render real-time (otherwise known as “living”) digital simulation models that are continually updated as their real, physical counterparts, or “twins” change. Installing cables throughout a mine’s infrastructure, however, can be costly and, depending on the area, complicated and time-consuming. Chris Lo talks to Michael Beare of SRK Consulting to find out … In general, digital twin systems can be used to optimize the operation and maintenance of physical assets, systems and processes in real-time, massively improving mining productivity. 11 June 2020. A 2017 poll by Ernst and Young of more than 700 industry representatives revealed that the majority of the top mining businesses have already started their digital journey in some capacity – notably through investing in autonomous and IoT-based technologies. This website uses its own and third party cookies to elaborate statistics about the use you make of the Website, show social buttons, and track your activity to suggest information of your interest. The economic downturn has taught many mining companies salutary lessons about processes, capability and the need for rigour if recovery is ... How relevant to improving … Moreover, within the next decade, the majority of mines are likely to begin working with a digital twin of their infrastructure and workflows. We are going to look at the ways that the most innovative mines are using new technologies to get ahead of the game, showing you that adopting these technologies could make your mining operations safer, more productive and more cost-efficient. Mining is … Mining companies worldwide largely lost sight of productivity goals that had underpinned operating discipline in the lean years of the 1980s and 1990s, when parts of the industry had set a healthy record in productivity im… A major indicator of the industry’s reluctance to digitize is its continued use of manual and/or cabled readings instead of wireless systems connected to digitized mining assets. This website uses cookies to improve your experience while you navigate through the website. The surge in demand for metals and minerals in the early 2000s quickly translated into much higher prices and, with it, much increased miners’ profitability. Read the full a…, Private: A Comprehensive Guide to 2018’s Most Innovative Smart City Events, Private: How IIoT Is The Driving Force Behind The Development Of Smart Cities. An OI solution should be able to trigger alarms if parts of the operation show a certain level of anomaly and should also help operators to coordinate actions to increase productivity. GPS enables operators to accurately navigate a drill from blasthole to blasthole from a remote location. But opting out of some of these cookies may have an effect on your browsing experience. This paper presents a recent application of … to visualize their behavior, aggregate this information and generate recommendations through the OI software, which are based on historical and real-time insights. With cabled readings, operators can diminish risks by automating data gathering processes. To summarize – with wireless monitoring systems operational costs are lowered not only because mining companies no longer need to send a human being to read the data – thus saving money on hiring staff, and on vehicle and petrol costs – but also because there is no need for expensive cabling and maintenance operations. The short answer is that it depends on what measure you use. Yet output growth in mining in recent years has been weak at best, and multifactor productivity (MFP) has declined by 24 per cent between 2000-01 and 2006-07. Productivity levers According to Deloitte national mining leader Nicki Ivory, the focus on reducing costs is the productivity lever that Australian companies have used the most to lift … Digital twins are virtual replicas of a mine’s physical assets, processes and systems. As critical assets are better maintained, this in turn increases return on investment. This website or its third-party tools use cookies. They are especially useful for field maintenance and real-time machine inspection instructions, and improving operator-based care and safety – especially for underground mines. Pore water pressure in tailings dams, for example, can change quickly, putting pressure on the infrastructure that can cause dam breakages, often with highly damaging effect. The switch to digital mining could result in significant savings for companies operating in this sector –  concerning both money and human lives. We also use third-party cookies that help us analyze and understand how you use this website. You also have the option to opt-out of these cookies. These cookies will be stored in your browser only with your consent. 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