https://www.miningweekly.com
Business|Energy|Gold|Industrial|Innovation|Mining|Power|Resources|Sustainable|Equipment|Maintenance|Infrastructure|Operations
Business|Energy|Gold|Industrial|Innovation|Mining|Power|Resources|Sustainable|Equipment|Maintenance|Infrastructure|Operations
business|energy|gold|industrial|innovation|mining|power|resources|sustainable|equipment|maintenance|infrastructure|operations

Industrial AI needed to enable mining to meet future demands

25th November 2021

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

Mining operations must be rejuvenated with the correct innovation, in preparation for projected future demand, says enterprise asset performance and optimisation company AspenTech metals and mining VP and GM Jeannette McGill.

AspenTech notes that longer-term demand for metals will continue to accelerate, owing to growing demand for clean energy technologies.

Specific demand drivers, such as batteries, electric vehicles, infrastructure and connectivity in electronics, are well-positioned to underwrite this massive consumption of metals.

"Digital mines will need to keep up with market demand in a sustainable way. The dual challenge mandates the need to address increasing demand of resources for a growing population with increasing standards of living, while balancing the need to address and meet sustainability goals."

Asset-intensive digital mines will need to stay ahead of maintenance requirements to support overall business imperatives of lowering costs and increasing productivity, McGill notes.

With the ability to accurately predict when equipment will fail and through better real-time decision-making, digital mines can achieve greater sustainability in operations.

For example, Australian gold miner Evolution Mining has deployed Aspen Mtell software at its Mungari operations, in Western Australia, to help mitigate unplanned downtime and provide information to support productivity improvements.

Industrial artificial intelligence (AI) is, therefore, a strategic business weapon, as it combines the power of analytics and AI machine learning, with guardrails of domain expertise to accelerate return on investment from industrial data, says McGill.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.054 0.085s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: