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Adoption of Connected Mines
Adoption of Connected Mines

May 8, 2023

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Connected mines refer to the use of advanced technologies and interconnected systems. IoT sensors, automation and robotics, AI, ML and data analytics are the advance technologies that helps to interconnect systems which improve efficiency, safety and productivity in mining operations.

By utilizing connected mines, The Mining companies can remotely monitor systems, equipment's, optimize operation, improve workers safety leading to cost optimization and improvement in efficiency. Connected mines also improves sustainability around operations by reducing waste, optimizing resource use and minimizing the environmental impact of mining activities.

Major Metal & mining companies have recognized the importance of connected mines and are adopting these technologies like Rio Tinto, BHP Billiton, vale among others.

Like Rio Tinto is adopting connected mining by implementing an autonomous haulage system in its iron ore mines in Western Australia. The AHS uses GPS and sensors to operate a fleet autonomous trucks. this has improves safety by reducing the risk of accidents involving human drivers and also increase productivity. They have also establishes Integrated operating Centre which used advances analytics and Machine learning to optimize the company's mining. They have also deployed IoT Sensors on its equipment to monitor performance and predict maintenance use.

Similarly, Vale, a global mining company is another example of a company that adopted connected mine technologies. Vale is adopting autonomous drilling systems, IoT Sensors and analytics, implemented connected workers program and adopted connected mines technologies to support sustainable mining practices.

The market for connected mines is positive and is expected to continue growing in coming years. More and more mining companies are investing in connected mines technologies to optimize their operation and to become the future ready.

According to report from Business research company, The connected mining market is expected to reach $21.42 billion in 2026 at a compound annual growth rate (CAGR) of 15.1%. There are huge potential for IT companies to cater this market. As per report, North America is expected to hold largest market share during the forecast period followed by Asia pacific and Europe. The presence of several key players in the region, favorable government policies, and high level of adoption of advanced technologies in the mining Industry are the key factors.

IT companies can take advantage of this growing market by offering end-to-end solutions, by providing consulting services, by developing custom solutions to mining companies based on their needs and requirements which includes software development, system integration and support and maintenance, by offering sustainable solutions and by partnering with technology providers to offer comprehensive solutions to mining companies.

 

 


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