A recent report from Deloitte on “Tracking the Trends 2014” details the Top Ten issues mining companies will face in the coming year.
Beyond automation and remote operations, numerous technologies can help miners keep costs down. With production visibility tools, for instance, companies can get an automated visual of their mining operations from pit to port, enabling management to identify inefficiencies, track productivity levels, streamline processes and re-plan based on actual performance and conditions.
Top Ten Trends in the Mining Industry for 2014
- Mining Productivity hits new lows
- Marketing imbalances wreak commodity price havoc
- Exploring the innovation imperative
- Debt up, deals down and juniors fight for survival
- Record impairments call capital allocation practices into question
- Local community demands intensify
- Government relations marked by rising hostility
- Zero tolerance regulatory environments complicate compliance
- From zero harm to zero fatalities
- The talent gap widens into executive suites
Using technologies that provide continuous, real-time information on the activity and state of equipment, they can also improve decision making and asset performance by measuring both financial and non-financial indicators that affect overall profitability.
There’s no doubt the mining industry is experiencing tremendous pressure on costs. But cost constraints often lead to innovation. Mining has grown bigger over the past 200 years – bigger plants, bigger trucks, bigger blasts. But the industry itself hasn’t evolved much. Now is the time to make fundamental and dramatic changes.” – Glenn Ives, Americas Mining Leader
As you prepare for 2014, learn how GEOVIA technology can help you meet your targets and objectives.
Read more Industry News.
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