The global metals and mining industry is in a state of flux. The falling commodity prices are squeezing the cash flow, existing mines are maturing; development times for new mines are increasing; and above all, the mining operations worldwide are becoming less productive, compared to what they were a decade ago. It has become imperative for the players in the industry to maintain sustainable growth without having a devastating impact on the environment. However, amidst the market imbalances, rising costs, and geopolitical risks, many mining companies are struggling to recalibrate with challenges and remain buoyant. The environment requires them to manage complex scenarios surrounding cost control while improving efficiency and safety measures. Innovative technologies can do a great job here, with the potential for inducing a positive shift in the trajectory of growth in the industry.
The widespread trend in the metals and mining industry today is deploying technologies that drive automated mining processes to optimize energy consumption as well as leveraging renewable energy sources, which are proven to be cost-effective. The sector, as a whole, has been engaged in exploiting different forms of innovation, such as driverless trucks, drones, geo-coding, advanced analytics, and sensors on the field. Also, both the traditional and new players have set their eyes on the digitization of the field, which will play a crucial role in boosting productivity, ensuring safety for workers, facilitating advanced exploration, and supporting environmental protection.
Going forward, mining companies must determine their focus, develop strategies, and align their systems and processes to generate more benefits from these innovations. There is a wide variety of technologies available for them, along with a plethora of solution providers to assist in the journey. In this edition of Metals Mining Review, we are featuring a comprehensive list of leading companies in the space, along with insightful articles from industry experts. We hope this will help you formulate strategies to succeed in today's metal and mining industry.
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