Enhancing Mining’s Risk Management with AI
Properly managing risks in the mining industry isn’t a simple task. Inherently, mining activities are characterized by high structural damage, safety risks, and obstructed productivity. Within this volatile environment, companies still face several limitations that impede effective risk management and safety efforts. For this reason, new methods to optimally control hazards need to be explored by the Mining Industry. This article elucidates the industry's bottlenecks in managing risks and how AI-driven technologies are enhancing current strategies. Concerns regarding risk management in Mining Industries According to the European Commission, risk management of a mine or any other mineral extractive [...]
How AI streamlines mineral transportation
Mining logistics involve managing activities related to the transportation of ore from the mine site to the ore processing plant and eventually to the final customer. In this context, this process consists of transporting large volumes of minerals for thousands of kilometers. According to McKinsey, today’s complex mining value chains are almost inevitably subject to disruption. For this reason, new strategies for streamlining mineral transportation must be developed. However, before delving into the challenges of mineral transportation, we need to understand how the whole process occurs. The mining logistics process Mineral transportation is embedded in the Mining value [...]
AI-driven Hull Inspections: Streamlining Safety and Efficiency
Vessels are crucial parts of different industrial operations. Considering this, the ship's main body: the hull, must be regularly inspected to ensure high asset integrity, safety, and efficiency standards. Hull damages such as cracks can lead to oil leaks, which can implicate direct emergency costs that surpass USD 50,000,000 according to Brazil's National Petroleum Agency, which is 100x more expensive than the investment to repair the defects on time (before the accident) not including compensations, fines, and asset depreciation. In this regard, hull inspections are a maintenance procedure that helps energy companies and bulk cargo transporters maintain high safety, compliance, [...]
Developing an Effective Corrosion Prevention Strategy for Mining Operations
Intro Corrosion consists of constant material degradation by chemical or electrochemical reactions with its environment. Indeed, heavy corrosion damage can lead to extended unplanned shutdowns, decreased safety, and increased environmental exposure. And, while corrosion progression doesn’t stop, asset activities must be paused to address degradation and anomalies. In this context, mining structures are exposed to harsh environmental conditions, including moisture, acidic or alkaline substances, and abrasive materials, which accelerate corrosion. This being said, developing an effective corrosion prevention strategy is crucial to mitigate the impacts and costs of corrosion. A two-year global study released at the CORROSION 2016 conference [...]
Predictive Maintenance for a more optimized and less expensive mining operation
The hostile environment and complex operation of mining industries are major drivers of the main problems faced by the sector: unplanned equipment downtime and high operational maintenance costs. Because of this, the recent technological advances have begun to deliver more precise solutions to the challenge of keeping up with the industry's demand for its products while seeking to reduce unnecessary expenses in the operation. In this context, the predictive maintenance process will be presented and deepened in order to understand how it can be the solution to increase the efficiency and profitability of mining industries by facilitating data management [...]
Maximizing Efficiency and Safety in Mining Operations with Asset Performance Management
Intro The mining industry is continuously facing the challenges of equipment downtime, high maintenance costs, and safety risks. These problems can negatively impact a mining operation's productivity and profitability. However, asset performance management has been proven to be of great assistance to address these hurdles. The challenges of Mining Industries Mining operations face a number of obstacles related to the management and performance of their equipment and infrastructure. One of the most significant challenges is equipment downtime, which can occur due to a variety of reasons such as equipment failure, lack of maintenance, or unplanned events. Downtime [...]
Are you a mining manager? So you’d better read this right now!
Mining and Metals managers are facing a strong conflict within their operation: how can I increase my productivity? The answer is complex, but two approaches can be used to tackle this dilemma. One possible approach, although very time-consuming and costly, is to expand mining sites. The other is all about driving the digital transformation through all organizational levels The roadmap to a mining digital transformation A successful digital transformation strategy cannot be implemented if it lacks strong leadership. The culture change required for a transformation of such magnitude demands people's support and massive embracement. Digital transformation is [...]
Digital Twin: a solution to mining operations
The mining industries have great challenges ahead of them, but these can be overcome by implementing effective strategies based on digital transformation. Although the mining industries suffered the least from the impact of the pandemic, according to the WPC, the mining industry still has a long way to go in complying with ESG, decarbonization, and safety guidelines in its operations. In addition, the industry has the opportunity to generate greater flexibility, integration, and profitability through innovative Industry 4.0 technologies. Read: Understand how mining companies have adapted to a new model of carbonless operation! The issue of [...]
Mining and Digital Transformation – A Sustainable Combination
Through digital transformation, mining industries have the possibility of overcoming obstacles through the use of technologies in their operation. Industries today face an extensive path for digitization. The rise of digital transformation has become an inherent necessity in industrial processes, and it is no different in the mining sector. Understand the 5 steps to a successful digital transformation strategy There are many advantages that digital transformation has provided to industrial processes and operations, including: Alignment with decarbonization needs Greater control over resource use and field team management Greater safety for operators These are the 03 main challenges that [...]
Digital Transformation: A Sustainable Future for Mining
Since ancient times, human beings have already used mining to produce utensils, materials, and tools that would be capable of transforming their lives. Since then, the mining sector has been industrialized, and in recent years it has been digitized thanks to the rise of digital transformation. Although this industry has evolved in recent decades, there is still a lot to be done to solve today's challenges. . Journey to a net-zero strategy According to a report published by PWC, the mining industry was one of the few organizations where the results of the pandemic period remained stable. [...]
