Australian mining companies that want to bring their business to a global platform should invest in automation and smart technologies, according to new research.
At the same time, the use of advanced polyethylene (PE) pressure pipe systems will be important to support their export activity. Mining exports have been instrumental for pushing the country’s GDP growth to 3.1 per cent in the first quarter of 2018.
Digitalisation served as the biggest disruptor in the mining industry over the previous years; hence, it makes sense for companies to learn more about different advanced technologies, particularly in the mining equipment sector.
In the next few years, the increasing penetration of smart technologies such as 3D mapping and underground mobile miners will lead to higher prices of equipment and machinery. Despite higher costs, the use of smart technologies translates to reduced labour intensity and impact to the environment.
This would be beneficial for improving your company’s workplace health and safety since mining can be a risky occupation.
By 2025, the global mining industry will expand further due to the surge of adopting mining technologies and development projects. Countries in the Asia-Pacific region will be the dominant force in the market. In Australia, the country’s economic growth serves as a key factor for this trend.
However, mining companies should not just sit back and let economic factors work in their favour. A proactive approach to exploring digitalisation will be important to keep up with competition, if not stay ahead of them.
Mining companies need to figure out how to cope with the changing landscape in the equipment and machinery field. Pipeline systems, in particular, should be modern enough that it can be compatible with the latest mining equipment technologies.
What is your business strategy for adopting new technologies for the mining industry?