Today’s post comes from Robert Selzler, GEOVIA’s Vice President Marketing.
Do you know what’s driving change in the mining industry and how it will need to adapt to meet its key business challenges? Dassault Systèmes GEOVIA’s Special Report on Mining Innovation takes a look at the state of the industry and how new technologies are – and will be – used to reinvigorate it.
The last several years have been challenging for mining. Costs are now at the point where operating margins are squeezed and projects have low returns. With mining investors demanding better return on capital employed and seeking a boost in free cash flow, the industry is keen to learn how they can drive productivity, reduce costs and increase sustainable operations.
From shareholder pressure to increase returns, to overcoming revenue challenges that have not kept pace with costs for nearly 20 years, mining companies need to find ways to control costs, improve safety and increase efficiencies. As a result, mining companies are looking for innovative technologies that go beyond a simple tool that optimizes a single silo – they seek operational technology that optimizes the complete mining value chain.
“We must be able to set up mines and logistic systems in ways that we are able to react to changes in demand and reduce risks and uncertainty.”
Dr. Jorg Benndorf, Assistant Professor of Resource Engineering,
Department of Geosciences and Engineering, Tu Delft University
The Special Report on Mining Innovation looks at some of the strategies being deployed by industry leaders, and features insights from industry experts. In the Report you will learn:
- Six things companies are doing to address investor concerns
- The key role of technology for the mining industry
- How one company doubled production and reduced costs 44%
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