mining in the 4th industrial revolution



the Industrial Internet of Things

“The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction”

smart mines and artificial intelligence

“Computer systems being able to perform tasks normally requiring human intelligence, i.e. Visual Perception, Speech Recognition, Decision-Making, Language Translation”



blockchain and the mining sector

“Application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed”



THE TECHNOLOGY IN MINING

ABOUT THE TECHNOLOGY IN MINING

“Computer programs that can access data and use it learn for themselves.”

“Observations or data, such as examples, direct experience, or instruction, in order to look for patterns in data and make better decisions in the future based on the examples that we provide”

AUDIENCE

CxO | MIDDLE MANAGEMENT | GENERAL MANAGEMENT



While base and precious metals mining are mature markets, we are witnessing the start of a new era for lithium and cobalt production as demand for these two materials undergoes exponential growth from lithium-ion batteries. The compound annual growth rate for electric vehicles (EVs) uptake over the next decade is expected to be around 27%, but already growth rates are much higher than this, albeit off a low base. China’s EV sales are rising by around 80% year-on-year and in Q2 in Europe, battery EV registrations were up 45.5% compared with Q2 2017. Imagine what sales growth rates will be when battery-only EVs are cheaper than internal combustion engine vehicles.