FREMONT, CA: The mining industry invests heavily in technology, including data, connectivity, telecommunications, and automation, to ensure they stay safe and competitive. The future remains bright despite challenges such as the pandemic, economic slowdowns, increased operational complexity, and health and safety concerns. Prospects for mining leaders are generally positive.
The Equinix Mining Technology Report 2021-22 provides insight from leaders across the industry. There is a 93 percent increase in overall spending among survey respondents, while a 44 percent increase in investment significantly.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
ESG goals and technology
It is still possible to use technology to meet ESG goals. However, there are still many challenges that require continued attention. Many respondents noted potential barriers to automation, including insufficient preparation, the need for transparent reporting, problems with implementation and logistics, a lack of technological support, and the inability to automate intensively. Technology investments will also help mines reach their sustainability, growth, and productivity targets, indicating that these are the most extensive opportunities.
Agility through hybrid cloud
Due to rigid infrastructure or data security concerns, it may not be easy for mining companies to form partnerships. A hybrid and multi-cloud environment has played a critical role in improving collaboration. The path towards successful partnerships is made possible by environments that connect businesses to cloud partners, mining technology partners, or business partners.
Digitalization accelerates due to pandemic
It is no surprise that the pandemic has influenced industry leaders in recent years. For many, it accelerated digitalization. The second main factor influencing miners’ general business outlook is digitalization and technology (21 percent), followed by labor and wages (10 percent).
Technology supports ongoing HR growth
Generally, the mining industry employs a significant number of workers. According to survey data, eight in ten miners plan to hire in the year ahead, indicating that human capital remains necessary despite transitioning to a more high-tech and automated industry. Most miners surveyed will continue to hire, while only 18 percent will stop.
Safety and compliance with technology
COVID-19 has raised more issues related to safety and compliance in mining than ever before. Mines across nations benefit from technological advancements that help drive safety and compliance. Mining has become safer, more productive, and more efficient with the introduction of more automated and technology-enabled mine sites.
Organizations can reduce the impact of issues such as double handling and inaccuracy by eliminating human input and implementing a single source of truth for data. Technology-based procedures and sensors have made operating mine equipment and plants easier and safer. It is common for haulage vehicles to be equipped with built-in alarms and other safety features, reducing accidents, injuries, and fatalities.
The use of technology in the future might eliminate the need for humans on-site, reducing human error. Mining experts predict a future in which humans will be fewer at the coalface as the future's mine is at least partially digital.

