Key Benefits of Developing Smart Mines

Smart mines are ones whose major assets have got digitized using embedded sensors that transmit data to a central system through a wireless network.

Fremont, CA: Smart mines are becoming more common, although they are still far from widespread. It's due to a variety of impediments to the adoption of new technology in the mining industry. On the one hand, mines are inherently competitive and compartmentalized, meaning that mines owned by the same firm compete for safety, productivity, and other metrics. Internal politics and a lack of collaboration inside mining businesses hinder the adoption of new technologies, which need coordinated efforts from all departments to support system integration and innovation. Because each mine is distinct and competitive, each must get convinced of the necessity for new technology on its own. Because the mining business is relatively conventional, it is risk conservative, which poses a financial barrier to investing in innovations that do not have a guaranteed return on investment (ROI).

Furthermore, mining companies often have a low level of trust in cloud services and IoT solutions since they are particularly cautious of their data. However, as those who make the switch begin to realize the benefits of digitalization, these constraints are making many mines less competitive and more expensive. Let's look at these advantages in brief.

Reduce operational costs

Wireless monitoring can also produce "smart mines" with significantly reduced operating expenses than their "analog" counterparts. Smart mines are ones whose major assets have been digitized using embedded sensors that transmit data to a central system through a wireless network. As a result, mining companies may save money not just on human labor but also on expensive cabling and cable maintenance.

More easily automated operations.

Smart mines that have previously incorporated technology can automate their operations more readily than those that are lagging in terms of technological adoption. Mining companies may expand on their current wireless network of embedded sensors by adding automation software that allows them to operate both static and moving assets remotely and develop automatic interactions between them. Automated trucks are a good illustration of this since they rely on a physical network of sensors and remotely programmed and controlled software to carry out mining tasks that formerly required a fleet of truck drivers.

Keep the workforce safe

Mine worker safety is a serious concern, as mines are typically extremely hazardous places to work. However, mining operators may also better forecast and avoid harmful situations, such as collapsing dams, using predictive data and insights from OI technologies. In addition, workforce tracking, enabled by wirelessly connected wearable devices, allows operators to coordinate their personnel better. In the long run, smart mines decrease the risk of human damage in mining operations by leveraging new technology as a major predictive-maintenance tool, lowering the rate of mining mishaps.