Emerging technologies are set to change the way miners operate over the next decade.
Delivering improved productivity, cost savings, and safety advancements a report from the McKinsey Global Institute has identified 12 technologies that could drive economic transformations in coming years.
While not all will directly impact mining, they will play a role in mining’s supporting sectors including manufacturing and health.
The report explains that the combined application of all 12 technologies, including advanced robotics, energy storage, and mobile internet could have a potential impact of between $14 trillion and $33 trillion a year in 2025.
Topping the list is mobile internet which is expected to improve worker productivity and service delivery.
Enhanced communication technology has not only improved mine site safety but transformed the way safety is managed.
The roll out of the Federal Government's National Broadband Network is expected to create a wealth of opportunity for the mine sites it touches, and the increased bandwidth that comes with the NBN will enable the facilitation of increased remote mining operations.
Automation in mining is set to not only improve safety but also streamline operations. Mining houses Rio Tinto and BHP Billiton have both lauched remote operation centres in WA, billing the move as mining's future.
Establishing networks which collect, monitor and process data will improve process optimisation. It will also allow for the the efficiency use of resources, controlling optimal water and electricity usage.
Software-as-a-Service (SaaS) and cloud integration allows companies to integrate their various applications so data is entered once, saving time and creating consistency across business centres.
Today's market conditions means finding operational efficiencies is more important than ever.
Machinery Automation and Robotics [MAR] have been working with Rio Tinto to develop the new MAR Robotic Idler Change-out which is able to replace idlers on loaded, operational conveyors.
“This machine is a brainchild of people in Northparkes, this is somebody in Northparkes thinking about a better way of doing something, that gets people away that improves productivity,” Stephanie Loader Northparkes managing director said.
With three kilometres of overland conveyor and 6 kilometres of conveyor belt, automating the idler change out process is set to add a large competitive and safety advantage to Northparkes’ operation.
“It enables us to change out idlers without shutting down the conveyor.
“Because it is a robot it gets people away from doing pretty difficult tasks,” she said.
“As an added bonus we don’t have to shut down the conveyor while we’re doing this work, and we have kilometres of conveyors so this is fantastic for us.
“We’ve fully funded the operational version.”
As Rio Tinto moves its 100 millionth tonne via automated trucks, it is becoming clear that automation is here to stay.
And with commodity prices slumping miners are looking to squeeze every last drop out of capital expenditure budgets, forcing them to go in search of the types of operational efficiencies automation delivers.
Coming in at number seven in McKinsey's report was next generation genomics, which will enable the 'writing' of DNA.
Number eight is advancements in energy storage techniques.
Energy hungry mining companies are increasingly looking for off-grid power solutions, in an effort to reduce the use of diesel generators, bring down electricity costs and minimise carbon footprints.
Advancements in capture and storage techniques will no doubt go a long way towards managing energy consumption, costs, supply, and risks.
3D printing could be miners' “batman belt”, a speaker at last month's 3D printing expo in Mackay predicted.
Simon Bartlett, from Melbourne-based manufacturing and prototyping bureauRapidPro, predicted that miners were among those who could benefit from the further development of additive manufacturing technologies.
He said 3D printing machines could solve the problem of needing to have replacement parts sent in to mining sites.
"It's like Batman's utility belt, to get through his day he needs to be able call on a number of different technologies or a number of different tools," he said.
Number 10 on the list was advanced materials which have superior strength or conductivity. This technology is not only set to enhance nanomedicines but also improve energy storage and solar cells.
Improving the longevity of mining machinery is another benefit of advanced materials; the formulation of better engine oils can minimise downtime, whilst stronger parts reduces maintenance costs.
With fuel costs rising and companies focusing on the challenges of reducing C02 emissions, many are heralding the LNG boom as a way to offset the energy issues facing the mining industry.
But with big upfront capital costs, and technological advancements some years away, is LNG ever likely to replace diesel as the predominant fuel source on mine sites?
It is estimated that the LNG boom in Australia is worth $180 billion in planned investments with many predicting the projects will lift Australia from the fourth largest LNG producer to the first, knocking Qatar off its perch.
In Queensland alone three projects currently under construction are expected to generate $45 billion in capital expenditure and produce 28.8 Mtpa of LNG.
With major companies like Shell, Woodside and BP spending billions on LNG projects, it is clear they expect the gas to become not only a major revenue raiser in exports, but to also be used more commonly on Australian soil.
Electricity costs are one of mining's most expensive inputs, minimising usage will improve environmental impacts and soften the blow to a miner's bottom line.
Image source: McKinsey & Company