Mining has been around for centuries, helping major economies develop throughout history. Even today, mining still contributes a significant percentage of the world’s GDP since it is measured by revenues and products sold. For this reason, there’s no denying that the world needs mining and will continue to do so.
However, there’s no doubt that mining has been facing big challenges to date. With the growing population and economies, there’s a booming demand for minerals, and this trend will only continue to go upward. However, with the demand for mineral extraction, processes are becoming more difficult as the demand goes upward.
Fortunately, big changes are being made in the industry, allowing for better processes and social demands. Not only that, but it also encourages better opportunities as well. If you’re curious about these changes, keep reading.
Today, we’ll dig deeper into the different trends surrounding the mining industry. Let’s get to it!
Mining Goes Digital
The world is becoming increasingly digital every single day, and it’s no different in the mining industry. Since it has become a crucial part of the business world, it’s only natural that mining is going digital.
The digital revolution has inspired many companies to work on AI, better automation, and cutting-edge blockchain technology. You can see this transformation taking place in a number of companies, including startups and multinational corporations alike. For example, the mining company BHP has started using cloud-based software for its employees.
The software makes it easier for field workers to access crucial information regarding the management of their mines and other crucial data such as real-time resource allocation, geological data, and more. It makes sense why mining has gone digital as it’s more efficient and profitable; plus, it simplifies things as well.
Improved Mining Technology, Tools, and Robots
The world is changing, and so are we. We’re becoming more tech-savvy, and this will continue as time goes on. As a result, more advancements will be made in all aspects of our lives, including mining.
The industry is shifting from manual labour to more automated and technologically-advanced tools to help make processes more efficient. And these tools aren’t just smart, they can even be helpful in the future of mining.
For example, AI and IoT devices are being used to fully automate the entire mining process and even learn from past mistakes. This technology will change the way we mine, and it will undoubtedly improve the process in the long run.
Environmentally-Friendly Mineral Extraction
Mainstream companies in the mining industry are aware of coal’s damage to the environment. The industry is all about mineral extraction, which means that there’s a lot of coal, iron, and other minerals being dug up and extracted. Because this process pollutes the environment, many people are starting to feel concerned.
Companies in the industry are taking the initiative to invest in more eco-friendly ways of mineral extraction. For example, mines are now using more clean energy such as solar, wind, and hydropower. This is great news for the environment, and it’s also good news for mining businesses and employees.
The Bottom Line: It’s Crucial to Know the Different Mining Trends to Encourage Better Mineral Extraction
It’s important to know all the different mining trends to help us stay up to date with the industry. There are a lot of changes taking place, and making sure that you’re informed can help you advance in the industry.
For example, applying certain technologies designed for better environmentally-friendly mineral extraction can help you do your job easier and more efficiently. Not only that, but you can also gain more knowledge of the industry itself.
About Group 11 Technologies
We’re an innovative technology company that strives to deliver environmentally-friendly mineral extractions. Visit our website to learn more.