Wish List: 10 Things Every Miner Wants for Christmas
The mining industry can be extremely unforgiving business. The profession requires long hours, extended time away from friends and family, harsh weather conditions,and the never ending cycle of risks and dangers associated. It's a brutal business.
With ‘that time of year’ approaching, we decided to break down the top things on every miner's wish list -- whether they've been naughty or nice.
LEGO recently unveiled a Volvo L350F Wheel Loader Technic set and it's breathtaking. The remote-controlled toy set is everything a kid, and adult, could want.
This glorious iPhone is made from 18-carat gold and includes a pink diamond. With a price tag at over $100,000, your name better be on the top of Santa's nice list.
A hardhat that can measure your fatigue levels? SOLD!
General Electric is quickly becoming one of the biggest innovators in the mining industry. It's newest product, the battery-powered dump load, is designed to emit 100 percent zero emissions, operating entirely on battery and propulsion technology.
Admit it, you've been wanting your own personal drone for years. Now is the time to reward yourself.
If you've ever wanted to be the operator of heavy-duty machinery, this is the present for you. Grand Theft Auto has nothing on equipment simulators.
3. Belaz 75710
No need to explain this one, just LOOK at it!
Liebherr's R 9800 is every man's (miner or not) dream toy. Good lord almight!
Face it, the one item on every miner’s wish list is for major increases in base metals. Although 2014 was a rocky year for the mining industry, 2015 should be somewhat better (fingers crossed).
Deloitte predicts industry transformation - Tracking the Trends 2019 report
Deloitte has published the eleventh edition of its annual report on the mining industry. Tracking the Trends identifies the top ten trends transforming the future of mining in 2019
The Deloitte report endeavours to provide the mining industry with insights it can leverage to support its continued quest for productivity, capital discipline, strategic development and sustainable growth.
Philip Hopwood, Deloitte’s Global Leader - Mining & Metals, commented: “It appears that the mining industry is poised for greater growth than it’s seen in a decade, but today’s market realities are very different than those of the past. We’re now dealing with geopolitical tensions in the form of trade wars and tariff concerns, as well as looming asset shortages. Rising commodity prices should fuel expansion, but could also result in a return of inflation and the costs that go with it, eventually eating into margins.
Disruption and volatility has become the new normal and the pace of change is outpacing our ability to adapt. This makes it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again.”
Here are the key messages provided by the 2019 report:
- Disruption and volatilitymake it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again. To thrive into the future, mining companies will need to challenge the status quo by soliciting a diversity of opinions and taking the risk to do things differently.
- Technology and artificial intelligence (AI) will play a key role, not only in helping companies envision future scenarios, but in identifying risks at an enterprise level and transforming the supply chain. Moreover, advances in finance platforms, sensor technology, autonomous vehicles, cloud- based solutions, and analytics are paving the way for the design of a digital mine.
- Understanding the needs and perceptions of people both inside and outside the organization will be critical. Companies must build a more diverse workplace and address succession planning, while fostering loyalty and retention among existing employees. At the same time companies must do more outreach to local communities, governments, and consumers so they can be more transparent and receptive.
Top Ten Trends Transforming the Future of Mining:
- Rethinking mining strategy - Embedding the discipline to deliver measurable value across the cycle
- The frontier of analytics and artifcial intelligence- Moving up the maturity curve
- Managing risk in the digital era - Exploring a new approach to controls and risk management
- Digitizing the supply chain - Why innovation requires integration
- Driving sustainable shared social outcomes - Finding value beyond compliance
- Exploring the water-energy nexus - Making the case for a systematic approach
- Decoding capital projects - Learning from past mistakes
- Reimagining work, workers, and the workplace - A blueprint for the future
- Operationalising diversity and inclusion programs - From theory to practice
- Demanding provenance- EVs and battery minerals provoke the desire for provenance