The last month has been very busy for GEOVIA. Below are excerpts from some recent news stories in which we were featured. Take a look through and click on the “Read More” links to view the articles in their entirety.
Vancouver Company Becomes Global Leader in Industrial Software – Resource Works
Taking some of the guesswork out of mining operations has turned a Vancouver company into a global leader for industrial software.
GEOVIA last year helped over 2,500 mining companies with 4,000 projects in 140 countries around the world get a better idea of the size, scope and location of mineral and metal resources hidden below the surface of the earth.
“You want to start getting paid for the dirt you’re moving, as quickly as possible,” explained Andrew Pyne, GEOVIA vice-president of mining. “You don’t want to move too much dirt before you start getting ore, otherwise you’ve got too much cost and not enough revenue.” Read More
High-tech solutions for underperforming mines – The Vancouver Sun
Real-time solutions such as 3D imaging can improve the productivity of an older mine. Shareholders are demanding mining companies do a better job of using technology as a way to protect profits as dropping prices handed the mining industry one of its worst years in 2013.
“The message (shareholders) sent to mining CEOs was fix your business or leave,” said Andrew Pyne, vice-president of mining for Vancouver-based GEOVIA, the largest global supplier of mining software.
Until last year, the industry had a long run of record demand and profitability. But the downturn in cyclical metal prices and demand — especially from key markets such as China — exposed fundamental problems. Costs rose during the mining boom, but were masked by strong demand. Mining companies thought the solution was to simply pull more out of the ground, but that was not sustainable — and shareholders were increasingly unimpressed with the return on their investments.
Economic realities demanded action. In other words, innovate or get out. Read More
Digital Tools for Mines Help Maintain a Competitive Edge – Engineering and Mining Journal
The array of digital products and service choices available to mining companies is growing—as information technology (IT) consultants like to say—at the “speed of business.” For an industry that has traditionally viewed disruptive technologies with suspicion, generally espousing a “you try it first” approach, this can be an uncomfortable environment, particularly when commodity markets are soft and shareholders are closely watching how companies spend their money.
Recent survey results show that the industry realizes the demand for digital tools extends literally from its grassroots—exploration-data management—to daily operational and human-resource activities, and to the sophisticated enterprise resource planning (ERP) systems needed to make strategic business decisions. A company’s move toward higher operational efficiency based on effective use of data may no longer be defined, or confined, by what can be gained traveling the narrow lanes of a digital “highway.” In the future, it’s more likely to take the form of a digital immersion affecting almost every factor of mining activity, from the way projects are designed and managed to the tools and devices mine personnel will use—and wear—while on the job. Read More
Looking for more updates? Check out GEOVIA IN THE NEWS for all the latest press coverage.
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