Market News

Roadmap to interoperability

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Created: Tuesday, 10 April 2018 09:53

How can the mining industry meet the challenges of interoperability? GMSG is building a path forward.

Monday, April 9, 2018. Interoperability is a large, intricate, and complex issue that can inhibit technological advances in the international mining industry. Players hold widely different views and interpretations as to scope, content, application, and end state.

Indeed, GMSG has identified interoperability as a priority industry initiative. So they’ve stepped up with a unique approach to the problem—a universal roadmap. It’s important for the industry.

Wits, Sibanye-Stillwater join hands to take mining digital

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Created: Thursday, 29 March 2018 12:37

Wits DigiMine life size mining stope panel

Neal Froneman executive director and CEO Sibanye-Stillwater

Prof Fred Cawood -Director of the Wits Mining Institute and Coordinator of the Wits DigiMine Project

Johannesburg - 28 March 2018: In a technology-focused partnership that will help make mines safer and more productive, the Wits Mining Institute (WMI) at the University of the Witwatersrand and leading mining company Sibanye-Stillwater have launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine).

DigiMine is a simulated mining environment in the Chamber of Mines building on the West Campus of Wits University, whose facilities now include a vertical shaft in a stairwell, a tunnel and stope in the basement, and a range of communication and digital systems to enable research that will create the mine of the future.

Implementation of Autonomous Systems

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Created: Thursday, 29 March 2018 12:02

GMSG is producing an industry-led guideline to share best practices and lessons learned on the road to autonomous mining

Wednesday, March 28, 2018. The way of the future is upon us. Various stages of autonomous mining systems, from mere contemplation to fully driverless and more, permeate the industry. The momentum to autonomy can’t be ignored and requires whole new ways of thinking and planning to meet its challenges. Its popularity is no surprise. Benefits of going autonomous are legion: one major operator reports a 15 percent savings in haul costs; there’s improved safety; reduced maintenance, and more.

BDO’S ENERGY 2020 VISION: THE NEAR FUTURE OF MINING

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Created: Friday, 23 March 2018 14:36

Driverless technology, deep-sea excavations and mining expeditions on the moon were once just the ideas of sci-fi movies. Today, they’re realities or just around the corner. And by 2020, we expect (most of) them to be the norm. As low commodity prices persist, mining companies are under pressure to reimagine their business models.

Those that have incorporated technology into their operations have seen their revenue streams live on, while those that haven’t have fallen short. Mining is in the early stages of the Fourth Industrial Revolution, or Industry 4.0, and further digitisation is on the horizon. The value of harnessing technology is obvious.