May 17, 2020

Mining and data in 2017 Pt 2

Dale Benton
3 min
Mining and data in 2017 Pt 2
Yesterday we heard from Ashley Bosworth, Director of Analytics and Innovation at Pulse Mining on the year ahead for the mining industry, today we bring...

Yesterday we heard from Ashley Bosworth, Director of Analytics and Innovation at Pulse Mining on the year ahead for the mining industry, today we bring you part two - Farnaz Erfan, Senior Director of Product Strategy at Birst

 

What do you think will be the biggest change in the mining industry in 2017?

With expanding production of certain major commodities over the past decade, and a collapse in mining profitability over the past three years, areas such as efficiency and productivity are now considered a major priority. This means more concentration on the impact of decisions and more use of data across the production cycle.

In mining, data-driven decisions reach all areas under management: from invested capital, equipment and materials, to labour, the production processes for operating the mine, and the spending on goods and services.

What do you see happening in the Internet of Things, and how will this affect the mining sector?

The mining sector has already used sensors on devices and assets to provide updates on status. The opportunity here is to bring this data into a wider context. The Internet of Things pushes this concept further, providing more insight into how those devices perform over time. This can then be used for predictive maintenance and to reduce problems like downtime.

For example, companies like Pulse Mining create applications that target specific mining pain points based on Birst. Using data from 300 sensors that capture and transmit information every second, this application helps monitor mine operations in real-time, enabling firms to drive millions worth of additional production. In one instance, there has seen a 3.2 percent increase in operating rate and an increase from $2.5 million to $3 million per year in the value of tonnes produced.

What role will analytics play in companies during 2017?

Looking at the Ernst and Young report on the mining sector for 2016-2017, cash optimization, capital access, and productivity are the most important areas for companies globally.

Linking up data from finance, with the production and operations departments will therefore be important to boost operational cash flow for long-term profitability. This includes using data to identify areas of cost reduction such as supplier consolidation across different regions or countries. The same goes for using data to increase the life of working capital. Predictive maintenance can identify the lifetime and sustainability of assets and move companies towards replacing their equipment on a need-base instead of a calendar-base routine, extracting more value from existing assets to present opportunities of savings.

To make this happen, mining companies will have to network their different teams of operations, finance, repair, production, and supply chain together to promote information sharing and impact analysis.

Will more employees in the mining sector start using data in their daily lives?

I think so. When margins are tight, it’s more important that each decision made is based on relative data. Providing more context around the decision is a good first step, followed by greater decision support and automation of recommendations based on data.

Additionally, the use of analytics supports companies where there has been a loss of experience out of the industry. Many experienced professionals have retired, and their knowledge has gone with them. While they might have naturally understood the best approaches to a particular environment, their successors don’t have those nuances. Using data analytics, that expertise and production efficiency can be embedded into everyday processes for the business to benefit from.

How close to the “coal face” will data get, and how much difference will it make to day-to-day activities?

Pretty close. We have seen this uptake with leading mining companies. Analytics for the mining industry has potential that is already being realised in other market sectors. The efficiency of resources, staffing, time, material and production processes can have a direct impact on profitability. Using big data, IoT and networked analytics, it’s possible to make decisions that lead to higher profitability and better business performance.

 

The January 2017 issue of Mining Global is live!

Follow @MiningGlobal

Get in touch with our editor Dale Benton at [email protected]

 

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Dec 3, 2020

Net zero benefits the mining industry and the environment

digital mining
Oren
Emitwise
mining
Dan Brightmore
3 min
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace.
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace...

How do we get the world to net-zero faster?

Emitwise’s founders, Mauro Cozzi, Eduardo Gómez and Ben Peddie, approached a network of more than 100 of the world's largest enterprises and asked their CEOs, CFOs, and sustainability managers the big question: How do we get the world to net-zero faster? The challenge many shared was the lack of timely and accurate emissions data to enable strategic decisions. Companies often relied on annual audits of their carbon footprint for carbon accounting purposes. However, static yearly results were outdated upon publishing.

Emitwise saves companies an average of 260 working days a year by automating their scope 1, 2 and 3 emissions data. With the added benefits of clean audit trails and auto-populated accounting reports in line with GHG Protocol, all at the click of a button. Their easy to use solution enables businesses to quickly identify the carbon hotspots to target, and the precise real-time data empowers teams to remain agile and respond effectively, making achieving those goals possible.

Unique AI Technology

Emitwise’s unique AI technology empowers businesses to automatically measure, report and reduce their carbon footprint across their operations and supply chain, future-proofing companies for a zero-carbon world. It is the only solution that enables companies to fully automate their carbon accounting across all business units and suppliers, therefore liberating them from the drudgery of collecting and processing emissions data.

By using artificial intelligence to precisely measure emissions in real-time, businesses can identify and tackle carbon hotspots swiftly, enabling them to devise a trackable roadmap to net-zero carbon. At the same time, accurate audit trails and auto-populated annual reports ensure that companies comply with international reporting requirements, and align businesses with global climate targets to mitigate risk across their operations and supply chain. 

The Oren Marketplace

Environmental management, social license to operate, safety, renewable energy to lower emissions and operational efficiency for mining can be supported by a range of digital solutions enabling dynamic operations. To address these issues, Shell and IBM joined forces to create the Oren Marketplace – the first B2B solutions platform for the mining sector. 

With the adoption of many of the digital solutions offered through Oren, mining companies can adapt in real-time to risks or adjust plans ahead of a problem occurring. The goal is a shift towards proactive management as the optimal outcome for all stakeholders – community, shareholders, and employees.

Emitwise was founded with the goal of helping industries across all sectors reduce their carbon footprint. Similarly, Shell aims to become a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. And Oren is focused on offering innovative products and services that can help mining companies track and reduce their emissions. 

“Oren is the starting point for how we help our mining customers to de-carbonise,” explains Carol Chen, Global Lubricants Marketing, Vice President, Shell. “It’s our ambition to work with sectors like mining to help them find their own pathway to net-zero emissions through collaboration. The Oren marketplace offers a great opportunity for collaboration between the miners and technology companies that are joining this digital marketplace.” 

Web Summit

Emitwise will be showcasing its vision for a net-zero future live from Lisbon at this year’s Web Summit. Bringing together the people and companies redefining the global tech industry, the online event welcomes 100,000+ attendees from around the world to hear from more than 800 speakers and view offerings from 2,500 startups covering a vast range of topics from Data Science and Climate Change to AI and Machine Learning. To find out more and book your ticket visit Web Summit. 

Emitwise is one of many solutions providers on the Oren platform seeking to address the pain points and environmental concerns of heavy industries like mining. To discover a range of solutions that can further support your operation’s digital transformation and commitment to sustainability, visit the Oren Marketplace.

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