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Market News

New Functional Safety for Autonomous Mining Equipment Project

GMGGlobal Mining Guidelines Group’s (GMG) Autonomous Mining Working Group is creating a new guideline to clarify functional safety requirements for autonomous equipment.

The mining industry is embracing automation, but mobile automation technologies are still in the early stages of technology development. As a result, there lacks clear guidance and industry alignment on requirements for managing functional safety. When it comes to requirements for managing functional safety, original equipment manufacturers (OEMs) are at varying stages of maturity, existing standards are not explicitly developed for automating mining equipment, and regulatory authorities provide little specific guidance. Overall, there is general confusion over which standards to follow, and GMG’s Autonomous Mining Working Group plans to offer this much-needed clarity by developing a guideline on functional safety requirements for autonomous equipment.

Launch of Artificial Intelligence in Mining Working Group

GMGPress Release

Global Mining Guidelines Group (GMG) has launched a new Artificial Intelligence Working Group to help demystify AI and enable the mining industry to harness its many valuable applications.

GMG’s Artificial Intelligence (AI) Working Group launching today (November 8) with a workshop hosted by IBM in Perth, Australia. It is a culmination of several brainstorming and breakout sessions held at GMG events over the past six months. This topic has been met with extensive support from GMG members and industry participants who want an open forum for discussion and growth around AI and to explain its applications and requirements for mining. “The launch of this AI Working Group” says Andrew Scott, GMG Vice-Chair Working Groups and Principal Innovator at Symbiotic Innovations, “is another example of where the industry has raised an issue and GMG has taken up the challenge.”

Mauritanides 2018 posts 30% increase in sponsors & exhibitors with majors BP, ExxonMobil & Shell participating for first time

Press Releasemauritanides

Mauritanides, the largest and only biennial mining and energy conference and exhibition held in Mauritania since 2010, has posted a strong 30% increase in sponsors & exhibitors compared to the previous 2016 edition. With one more month to go, the final number of sponsors & exhibitors is expected to surge to a record 50% increase, making this the most popular edition of Mauritanides to date.
This is testimony both to the attractiveness of Mauritania as a global energy and mining destination and the synergy between the new event organiser Spire Events (Singapore) and the co-organiser Ministry of Petroleum, Energy and Mines, Mauritania.

KSB Pumps for University of Pretoria laboratory

KSB 1

Professor Josua Meyer, Chairman of the School of Engineering and Head of Mechanical and Aeronautical Engineering of the University of Pretoria

KSB Pumps and Valves has assisted the University of Pretoria in the construction of a large controlled-temperature test unit, which will form the backbone of ongoing research into heat transfer, fluid mechanics and thermodynamics.

The impressive unit will allow students to plug directly into hot, moderate or chilled liquids to use on research projects and will shave approximately 50% off students’ overall project build-up time thereby allowing more time to carry out actual research. In addition, it is expected to save considerable costs in future.

Chairman of the School of Engineering and Head of Mechanical and Aeronautical Engineering, Professor Josua Meyer, says the multi-million Rand project was part-funded by the University, with donations from industrial companies like KSB Pumps and Valves for funding, equipment and construction of the system.

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Other mining news

Mining Weekly | Africa

The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
  • Business outlines strategy for supporting ramp-up to daily vaccination tempo of 250 000 by September
    Business for South Africa (B4SA) has outlined its strategy for a steady upscaling of the private sector’s capacity to administer the Covid-19 vaccine and position the country’s public and private health sectors to reach a daily vaccination rate of more than 250 000 by September. B4SA health working group chair Stavros Nicolau acknowledged on Friday that public scepticism persisted over the ability of South Africa to raise its daily vaccination tempo to between the 250 000 and 300 000 being targeted during Phase 2 of the roll-out, through which government aims to vaccinate 16.6-million people between May and November.
  • Fitch Solution foresees a turn for the better in mining spend, output, profit in 2021
    Research agency Fitch Solutions expects production, capital expenditure (capex) and profitability in the mining industry to improve this year as commodity prices are soaring, while economies are recovering and vaccines are rolled out. The agency forecasts that major mining firms will raise their spending budgets for this year. Consensus is for the capex of the top 30 miners globally to grow by about 23.7% year-on-year, after having stagnated in 2020.
  • Battery supply chain market attracted $21bn of investment in 2020
    Research agency Fitch Solutions says global investment of more than $21-billion toward the electric vehicle (EV) battery supply chain shows the urgency of market expansion. With Western Europe claiming the biggest share of investment, it reflects the focus on producing EVs in the region and the growing role of carmakers in the supply chain.
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