May 17, 2020

SURVEY: Technology is Top Priority for Asian Mining Companies in 2015

Survey
Tech
Mining technology
India
Admin
2 min
SURVEY: Technology is Top Priority for Asian Mining Companies in 2015
A recent survey conducted by the Timetrics Mining Intelligence Center (MIC) shows Asian mining companies transitioning towards a digital mining future.M...

A recent survey conducted by the Timetric’s Mining Intelligence Center (MIC) shows Asian mining companies transitioning towards a digital mining future.

Mine survey equipment, mine design software, mine management (scheduling/optimization) software and equipment diagnostics were the top four technologies nominated in the survey, which included over 100 key decision-makers at operating mines in seven Asian countries – India, Indonesia, the Philippines, Pakistan, Vietnam, Mongolia and Thailand.

According to the survey, the four selected technologies were the most likely to see new or continued investment over the next two years.

“The push towards advanced technologies on site is evident from the results in the survey,” says Nez Guevara, Senior Mining Analyst at Timetric’s MIC.

“The focus is on improving planning and productivity, and follows a sequence starting with investing in mine surveying to improve the accuracy of the data flowing into mine design software. Accurate mine designs then help improve the management and scheduling of mining operations, while equipment diagnostics help to improve utilization and supports mine scheduling by minimizing down time.”

Respondents were asked to outline their current and future intentions for technology investments across 12 areas, which included a range of mine management and vehicle-related technologies as well as environmental monitoring and emissions management, communication, fleet management and collision avoidance technologies.

The survey outlined the drivers for these investments and summaries safety, productivity and cost cutting needs as influential in decision making.

Key highlights of the survey also included three-quarters of Asian mines will not invest in autonomous vehicles within the next 10 years; remote control/machine automation had the lowest rate of implementation across Asian mining operations; and coal and base metals were the commodity sectors with the highest share of respondents considering additional investments in the next two years. 

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May 4, 2021

Axora launches global challenge for digital technology

Axora
Digitalisation
Sustainability
Safety
2 min
Axora, the industrial B2B digital solutions marketplace, has launched 'The Axora Cost-Saving Technology Challenge' to discover game changing innovations

Axora is launching the world’s first international competition to discover new cost-saving digital technology for industrial companies, which can produce rapid benefits within a year.

Axora

The Metals & Mining and Oil & Gas sectors have recently experienced budget cuts of 20% on average, driven by a variety of factors including the global pandemic, slump in demand and price wars. The Axora Cost-Saving Technology Challenge aims to transform these industries by discovering innovative, digital solutions that reduce cost fast and pay for themselves, whilst achieving the same or improved productivity, health and safety and sustainability standards.

Digital Transformation

“While digital solutions can help to get work done quicker and more cost-effectively, they typically require a three-year ROI, and if there’s no flexibility in the budget, a full budget planning cycle is needed to get things moving”, said Dr. Nick Mayhew, Chief Commercial Officer, Axora.

“Yet, extra financial cost is often incurred in delaying digital projects, so customers have asked us to highlight solutions that can have an ‘in year payback’ whereby the cost spent on the solution and deployment will be more than recovered within the budget year - this accelerates the timeline and drives positive business impact, quickly.”

The Axora Cost-Saving Technology Challenge

Axora is keen to learn of any digital cost-saving innovation which: meets the 12-month payback timeframe; can be deployed in any part of the value chain including upstream, downstream or midstream oil and gas, metals processing or mining; and is ready for market. The Axora Cost-Saving Technology Challenge is open to entrepreneurs, start-ups, academics and sector leaders across the world. The competition will be judged by a panel of leading industry experts.

“We’re passionate about supporting our industries and customers through all forms of digital transformation and the cost-saving solutions we are searching for could also provide a lifeline to many mining and metals and oil and gas companies in the current economic climate,” added Dr. Mayhew.

Improving productivity, safety and sustainability

Up to ten finalists will be chosen to pitch their solutions at a digital pitch day later this year, after which Axora will validate the ROI models and vet the solutions. The winner will receive the ‘Axora Market Accelerator’ sales and marketing package worth £10,000. This includes a two-hour workshop, promotion through Axora’s thought leadership content and inclusion into its digital demand engines, providing the opportunity for the winning solution to benefit thousands of industrial companies. Entries are open until May 31. Full details of the competition including terms and conditions can be found here.

To learn more about the Axora B2B digital solutions marketplace read our feature in the latest issue of Mining Global magazine.

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