The way operations are conducted will have to change. The mining industry has got to evolve and embrace new technologies and practices that minimize its environmental impact. In this post, we will explore the future of mining and the advancements in technology and sustainability that are driving this change. Technology has a long history of making the mining industry better across all fields, from efficiency and productivity to safety. So let’s look over some of the more relevant technological improvements.
- Automation: The use of self-driving vehicles and drones in mining has been around longer than it has existed for road vehicles. This has enabled mining companies to improve safety, cut costs and maximize productivity. Autonomous drilling rigs, trucks, and loaders are becoming more common, allowing mining companies to operate 24/7 without risking human lives.
- IoT: The Internet of Things will have a profound impact on mining operations, as sensors can be used to monitor equipment and predict when maintenance is needed, with net gains for reducing downtime and limiting costs. The IoT also gives real-time data on environmental conditions, which can let companies optimize their operations and limit their impact on the environment.
- Data Analytics: With more and more data being perpetually gathered, mining companies can use big data to learn what can be improved and what areas are lagging behind. This allows them to optimize their processes and reduce costs, while also improving safety and sustainability.
- Clean Energy: The mining industry is one of the largest consumers of energy and fuel with most operations relying on fossil fuels in particular. Companies need to explore solar, wind, and hydropower which can often be generated at the mining sites themselves. This will also help limit costs as carbon taxes grow and energy prices rise.
Advancements in Sustainability
As the world becomes more aware of the impact of human activity on the environment, sustainability has to become a top priority for the mining industry. Some of the most significant current advancements in sustainability include:
- Responsible Mining: Responsible mining involves minimizing impacts on the areas and populations near a mining site, particularly if there are bio-resources or water resources that might be affected. This includes implementing sustainable practices, such as reducing waste and using renewable energy, as well as engaging with local communities and respecting their rights.
- The Circular Economy: This is a system in which resources are kept in use for as long as possible in use, reducing waste and pollution. Mining companies are increasingly adopting these principles by recycling materials and using investing in renewable energy sources.
- Water Conservation: Water is a critical resource in mining operations, and water scarcity is becoming a growing concern in many parts of the world Local communities are sometimes forced to compete with operations, which is a negative outcome for all involved. Mining companies are implementing water conservation measures, such as reducing water usage and reusing water, to minimize their impact on local water resources.
- Biodiversity Conservation: Mines often have a significant, negative impact on the local biodiversity, as extraction disrupts the area, water, and other features. To minimize this impact, mining companies have to explore implementing biodiversity conservation measures, like reforestation and habitat restoration.
What to keep in mind?
The mining industry is leveraging technology to achieve a more sustainable, efficient, and cost-effective future. The adoption of new technologies has enabled the industry to improve worker safety, optimize production, and reduce environmental impacts. These technologies also facilitate the efficient management of supply chains, traceability, and transparency. While the mining industry has come a long way in the implementation of technology, it is still in the early stages of adoption, and there are many opportunities to further innovate and optimize operations. Continued investment and development in mining technology are necessary to meet the demands of an increasingly complex and challenging world. By keeping up with the latest technological advancements and industry trends, mining companies can ensure their competitiveness and sustainability in the long term.
Industry leaders can benefit from meeting and interacting with peers from around the world to share the best insights and experiences. Join key decision-makers at the Efficient Mining Operations Summit in Barcelona, Spain from May 4th to 5th to learn more. Visit future-bridge.eu or mining-events.com and follow us on our social media to keep track of other events about sustainability in the mining and metals industry.
