Tag Archives: digital mine

South32 Cannington

Newtrax Customers Increasingly Embracing Technology

Newtrax Customers Are Increasingly Embracing Technology As Part of Cost-Reduction Roadmaps

In a recent article published by The Australian Financial Review, chief executive of South32 Graham Kerr said that the Australian mining company is preparing to turn its razor-sharp focus on costs into a technology-driven productivity push which will result in a “quantum change” in how the miner operates.

“We think the focus now which will deliver the most value is around productivity and productivity will be probably driven by two platforms – one is around how we engage our people and get them to work more productively. The second element is I think the industry has not really embraced what digitisation and technology can do.” said Kerr.

“And somewhere like Cannington … we have cable bolts that are installed into the walls that automatically tell you how much tension they are feeling so you have real-time management to make effective decisions rather than making it based on judgment. And I think we are just scratching the surface of what possibility exists there.”

Asked to what extent these technological advances were expected to affect the bottom line, Mr Kerr said the company was only just readying to produce a “road map” of how it would approach technology.

“What I can tell you is I am not interested in spending money on the shiny new gadgets that don’t have a business case,” he said. “What we have always spoken about from day one is we have a big focus on value not volume and that will translate when we look at how we can use technology to be more productive.”

Read the full article here: http://www.afr.com/business/mining/coal/south32-to-embrace-technology-in-next-phase-of-cost-journey-20170217-gufdkx#

South32 Cannington
South32 Cannington

Tracking the trends in mining for 2017

Tracking the trends in mining for 2017

Deloitte recently published their annual “Tracking the Trends” article on the top 10 trends mining companies will face in 2017 and the results are interesting.

On the Digital side of things, the articles states that success in this space is not about adopting the latest apps and point solutions. Instead, they must embed digital thinking into the heart of their processes to transform their strategy in a bid to completely change the way corporate decisions are made across the enterprise.

To understand how this might look, it is helpful to envisage a future-state digital mining organization and infer how this might transform core mining processes, the flow of information and supporting back-office processes.

The also mention that companies will need to rethink the way in which they generate and process information. In essence, the integrated digital mine will improve planning, control and decision support across the mining value chain to optimize volume, cost and capex, and improve safety.

Insights will be derived by integrating data across three levels of analysis that map to three information time horizons:

  • Historical analysis and reporting at all organisational levels.
  • Real-time data visualization that combines operational data sources with corporate information
  • Predictive models and cognitive analytics that improve planning and reduce the need for reactive maintenance.

Click here for the full article.