Digging Deep’s Post

Richard Sellschop of McKinsey & Company shares how mining must transform to stay relevant and competitive. #AI and data analytics can help make mining operations more efficient. These digital capabilities can optimize equipment use, manage energy more effectively and bring a level of consistency to operations that hasn’t been possible before, ultimately cutting costs and reducing environmental impact. Mineral processing plants can be one of the biggest value unlocks with very complex non-linear relationships, multiple variables to optimize using AI to build set point advisors that leverage this and give #Copilot-like advice. Other use cases like drilling and blasting through to material tracing and ore blend optimization can achieve 2-to-3% additional metal production. Fuel analytics can achieve 5% additional cost saving. https://lnkd.in/gBtH3eBM

Was great talking to Angela East about the US$67Bn that global miners have wiped off their balance sheets in the last five years. The data reveals a clear opportunity to avoid repeating the same fate. By harnessing the power of data and AI, while bringing the "sexy back" to mining, we can not only add back value, but also ensure effective mining of critical minerals for a sustainable future. #data #AI Accenture and Partners in Performance, Part of Accenture are at the forefront of driving innovation and sustainable practices in the mining industry. #mining #sustainability #innovation

Eric is one of the smartest people I know when it comes to leveraging innovation and the use of technology in Mining. Check out his great perspective on how to use Data and AI to bring the "sexy back" to Mining. Accenture Partners in Performance, Part of Accenture Glenn Gillian Paul Andrew Janine May Paul Skipp Peter Gabrielle #accenture #mining #data #AI #innovation #bootstoboardroom

The mine-to-market value chain is extensive, covering exploration, extraction, processing, and logistics, but it's also fragmented and often disconnected. Remote locations and varying expertise levels contribute to inefficiencies in data management and decision-making processes. Discover some of the challenges facing the mining and metals industry and how digital technologies and data usage can overcome them in part 1 of Alim Somani's latest blog: Transforming the mining industry through data and digital innovation. This blog discusses: ➡️The critical role of people and processes in the mine-to-market value chain.  ➡️The potential of startups to drive innovation in the industry.  ➡️Next steps: The impact of data-driven innovation and collaboration in reshaping the sector. Uncover how these elements fuse together to secure a more sustainable and prosperous future in the mining industry. Read here: https://lnkd.in/gNZZSYww #Mining #DigitalInnovation #Data

“Technology is a key driver of competitive advantage as the #digital and physical realms are merging. The mining industry cannot afford to ignore this #trend because mining digitisation connects key #assets in and across the mine and across the mining value chain, including people, technology, and processes. This results in improved operational performance by enhancing visibility across the mining value chain and enabling real-time decisions based on current information. Mines can respond to changes in production, supply and customer conditions with greater speed and agility,” Alana de Wet (A), iOCO’s Industry Lead for Mining, Energy and Industrials, tells WhyAfrica. iOCO  Leon Louw #whyafrica #technology #digitalisation #AI #machinelearning #africa #mining #exploration #naturalresources    https://lnkd.in/dFCdWCiu

In its Mine 2024 report, PwC examines how the mining industry is positioning for growth in a low-carbon future. The research firm notes: “The demand for AI is contributing to an increased need for metals. At the same time, integrating AI into urban mining will allow the industry to achieve higher efficiency, better material recovery rates, reduced costs and a lower environmental impact.” We’re keeping pulse of how heavy industrials like mining are harnessing technology—including revolutionary AI applications—to advance productivity, sustainability and safety. https://lnkd.in/dtmbWaM #Innovation #SustainableSolutions #Mining

Explore how IFS is transforming the mining industry with innovative solutions. ⛏️ Learn more about its impact and benefits here:

Explore how IFS is transforming the mining industry with innovative solutions. ⛏️ Learn more about its impact and benefits here:

Explore how IFS is transforming the mining industry with innovative solutions. ⛏️ Learn more about its impact and benefits here:

The world's largest mining industry reports survey 720 miners from 50 countries, exploring challenges and opportunities around the energy transition, social licence, and technology development. State of Play is a global resources research group that has been producing mining-industry research since 2012. CSIRO sponsored both the 2021 and 2023 reports. The two reports - Mining Strategy in a Changing World and Unearthing Tomorrow—trends shaping the future of mining draw on hundreds of surveys and interviews with leaders to provide analysis based on their insights. They also include independent studies that delve into complex challenges. Key points include: ◾ The latest editions of the independent State of Play reports on the worldwide mining industry have been released. ◾ The mining industry is at a critical point as it tries to supply minerals for the energy transition, while also needing to reduce its carbon footprint. ◾ The reports, based on data and interviews, look at changes to attitudes and practices around mineral resources. The State of Play reports cover multiple issues in depth and are free to access and download to discover more detail around trends, sentiments, and strategies. https://lnkd.in/g6jRfa27 #CarbonFootprint #MiningTrends #MiningOperations #RenewableEnergy