The two recently inked a memorandum of understanding to identify digital use cases and areas of strategic overlap in the mining industry. The Global Mining Guidelines Group (GMG) announced in mid-March that it has teamed with The Open Group, a vendor-neutral technology consortium to work in tandem and foster collaboration between its members in mining and the OSDU for Mining…
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The mining industry’s cautious approach to innovation is understandable. With massive capital investments, complex operations, and significant reputational risks, prudence is essential. However, the cost of inaction can often outweigh the perceived risks of change. by Jaisen Kohmuench, president and CEO, Eriez As the mining sector faces mounting pressures to improve sustainability, efficiency, and profitability, a shift is underway: forward-thinking…
Read MoreCoal producer Peabody has signed a contract to provide 7-8 million tons of coal per year to Associated Electric Cooperative Inc. for at least the next seven years. Under this new contract, Peabody will supply Associated’s coal requirements for the New Madrid Power Plant and Thomas Hill Energy Center in Missouri from the North Antelope Rochelle Mine (NARM), located in…
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It’s what everyone wants to know, but is not afraid to ask: what’s next for artificial intelligence and its impact on business? William Smedberg, portfolio manager for AI and Automation at Sandvik, recently discussed how artificial intelligence (AI) is transforming the mining, rock processing and manufacturing industries. The world has shifted from merely wanting AI to expecting tangible results. From…
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Call me a nerd, but I like to stay abreast of artificial intelligence’s speed of learning about the mining industry. In hopes of getting some creative inspiration for writing this month’s column, I decided to test AI by asking it what it thinks are the main themes and outlook of mining in North America and the world right now. While…
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To expand its artificial intelligence (AI) capabilities and help customers optimize their mining operations, Komatsu announced its intent to acquire Octodots Analytics, a Chile-based digital solutions provider. The announcement comes as the company debuts its new Modular ecosystem, a bold vision for the future of mine site optimization and data sharing, at MINExpo 2024 in Las Vegas. Building upon Komatsu’s…
Read MoreMatrix Design Group is set to unveil an array of groundbreaking technologies at MINExpo 2024. Visitors to Booth 13045 in West Hall will experience the future of mining firsthand, including innovative products and collaborations envisioning the next generation of industry advancements. “Since its inception, Matrix has consistently offered transformative technological solutions to its customers. MINExpo offers an opportunity to reiterate…
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The coal industry is glad for its coal advocates, especially those who help take on the headwinds of public opinion and perception, regulations and its future – all at the same time. In this month’s Q&A, NAM spoke with FutureCoal’s Michelle Manook on the heels of the group’s rebranding from the World Coal Association. Edited by Donna Schmidt NAM: Hi,…
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The business consulting firm has released its annual Tracking the Trends report navigating global challenges and opportunities in the mining and metals industry. Edited by Josephine Patterson According to Deloitte’s 16th annual edition of Tracking the Trends, mining and metals companies must work to address supply shortages; environmental, social and governance (ESG) challenges; and adopt emerging technologies this year. “We…
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Explosives and blasting solutions provider BME has announced that its mobile manufacturing units (MMUs) are now equipped with advanced automation features, powered by machine learning and artificial intelligence. This integration of smart technology enables real-time data monitoring and analysis, optimizing the loading of bulk emulsion into blastholes. One of BME’s key achievements is the development of digital solutions like Xplolog…
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