The latest technology trends in mining indicate a compelling industry shift towards sustainability. Digital technology works harder than ever to deliver a truly modern, safe, and productive mine that addresses the increased demand for mined materials, while at the same time exceeding customer expectations and global sustainability initiatives.
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Mining is experiencing an exciting shift, thanks to spatial or geospatial data. Spatial data is becoming more detailed and clearer than ever.
By using new technology like spatial data effectively, the mining industry gains insights into mine systems at a reduced cost and impact on the environment. The mining industry is steadily moving toward a future where itrsquos possible to virtually construct and deconstruct buildings, plants, mines, and all associated infrastructure before even breaking ground to create a truly intelligent mine.
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Geospatial data represents an objectrsquos location, size, and shape. By visualising this kind of data, miners gain more insight into the represented system or mine environment. GIS is used to gain insight into the following.
When mining today, geospatial data software allows us to train mine managers and employees in new ways, and improve long-term understanding of mining with virtual interpretations of real-life environments.
Artificial intelligence AI now leads the decision-making at insight-driven firms. They use smart data and machine learning to improve operational efficiency, mine safety, and production workflow. Implementing artificial intelligence technology generates day-to-day data in half the time than what has been used previously in the field.
The mining industry evolves rapidly, so machine learning and AI impact the way mines today make choices for the future. Here are some ways the latest technology in artificial intelligence impacts the working mine.
SO PAULO, Brazil Fueled by the surging price of gold, an epidemic of illegal gold mining in the Amazon is threatening indigenous territories and other protected lands in the worlds largest tropical rain forest, according to a study published by a group of environmental organizations this week.
Analyzing data from six Amazon countries, researchers identified 2,312 illegal mining sites and 245 large-scale areas where miners have established sophisticated infrastructure, tearing down native forests and contaminating rivers with mercury as they dredge for gold and extract diamonds and coltan, which are used to make mobile phones.
The problem is worse than at any other time in history, said Alicia Rolla, one of the coordinators at the Amazon Geo-Referenced Socio-Environmental Information Network, known as RAISG, which published the study this week. We wanted to give visibility to the enormity of an issue that doesnt respect borders.
The report compiled data from local partners, news reports and research from eight independent environmental groups that scanned satellite images, mapping mining sites in Brazil, Peru, Bolivia, Colombia, Ecuador and Venezuela.
Each site on the map contains details about the material being mined and the mines environmental and social impacts, such as how dredging disrupts rivers and how toxic pollutants seep into plants, animals and people. Venezuela had more illegal mines than any other country studied, followed by Brazil and Ecuador, according to the report.
Consequently, the mining sector is pivotal to the worlds economy. The top 40 global mining companies, which represent a vast majority of the whole industry, reported some 683 billion U.S.
However, she said, Brazils recent election of Jair Bolsonaro, a far-right former army captain who has vowed to end the industry of fines imposed on companies that violate environmental laws, and halt the demarcation of indigenous lands, could represent a serious setback.
If he does all the things he said he would do, things could get worse, not better, she said. When we started working on this project more than a year ago we didnt imagine such a tragedy.
Mr. Bolsonaro has made it clear he favors allowing more commercial activity in the Amazon, and wants to slash the budgets of government agencies that monitor and punish illegal activity there.
Aug 14, 2019nbsp018332The Northern Miner presents the top 10 U.S.-based mining companies by market capitalization 1. Newmont Goldcorp. Market cap 31.8 billion. Crushed ore falls off a conveyor at Newmont Minings.
The venture is located in Nevada, and according to the gold companies collaborative press release, it is the worlds biggest gold complex. Nevada Gold Mines is 61.5 percent owned and operated.
Dec 10, 2018nbsp018332Researchers identified 2,312 illegal mining sites in six nations, and highlighted their toxic effects. Activists fear that Brazils new president will encourage even more mining.
Nov 20, 2019nbsp018332The worlds first underground train system continues to grow, adding 26 miles of tunnel that will eventually connect 40 stations. The estimated cost of construction is 23 billion. The project is scheduled for completion in phases, with the first new linethe Elizabeth lineexpected to go into service in 2019, followed by the remaining lines.
In a region of northeastern Wyoming and southern Montana, seams of rich coal line the walls of open-air mines like layers of a marble cake, and supersized yellow trucks ferry around huge piles of coal as though on giant platters. This 37,500-square-mile region known as the Powder River Basin is home to some of the largest coal mines in the world, and it supplies around 40 of the countrys 700 million tons annually.
This is what the end of Americas coal mining industry looks like so unneeded that its two biggest companies now say they cant compete without attempting a potentially illegal consolidation. According to Joshua Macey, a professor at the University of Chicago Law School who studies the industry, Thats a pretty dramatic statement from an industry that has insisted its product cannot be replaced.
Only a decade ago, the argument now being made by Peabody and Arch might have seemed absurd. In 2011 coal supplied 47 of Americas electricity and the competition was deep in the rear-view mirror. Nuclear energys popularity was tanking in the wake of the Fukushima Daiichi disaster cost-competitive wind and solar energy were still a fever dream and the fracking revolution that would unleash waves of cheap of natural gas was mired in controversy before it had even begun. Peabody Energy, the worlds largest private mining company, had a market capitalization of 18 billion.
The outlook is very different today. Peabody has a market capitalization of 268 million, 169th of its 2011 value. Coal is Americas most expensive mainstream energy source and is shunned by investors around the world. Last year coal supplied only one-quarter of Americas electricity and that share is rapidly falling, accelerated by the COVID-19 economic crisis and pandemic.
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