How to Dig for Opportunities in Mining with Technology

The mining and metals sector is facing pressure from all sides including growing demand for traditional and critical minerals, rising costs, sustainability expectations, and talent shortages. The path forward? Technological curiosity. AI and digital innovations are no longer “nice-to-haves”, they’re critical enablers of efficiency and resilience. From predictive maintenance to real-time decision-making, AI offers solutions that can help miners operate more sustainably and stay competitive. Nesa Abbaspour and I recently shared our perspectives in Mining Magazine on how mining companies can scale AI responsibly and effectively. 👉 Read it here: https://lnkd.in/gqc5HRVc I’d love to hear how you see AI reshaping the sector? #MiningInnovation #FutureOfMining #AIinMining

Funding the Future: How Benchmarking Fuels AI Growth in Mining The AI mining market is surging toward a projected USD 435.94 billion by 2032, reshaping the industry through cutting-edge innovations in efficiency, safety, and predictive operations. Yet, for mining companies, the challenge lies in not just adopting transformative AI technologies, but in finding smart, sustainable ways to fund this rapid digital expansion. The Hackett Group stands at the forefront of this industry shift, leveraging deep expertise to guide miners through the complexities of benchmarking, operational redesign, and funding strategies. By quantifying performance gaps and modeling investment returns, Hackett Group enables mining leaders to prioritize digital initiatives and secure the capital needed to unlock value from AI-powered growth. With a global footprint and more than 30,000 benchmark studies completed, Hackett Group’s proven approach empowers clients to drive measurable improvements, build compelling investment cases, and achieve sustainable leadership in a fiercely competitive landscape. Our methodology transforms AI ambition into actionable, fundable strategy—helping mining clients turn innovation into operational excellence and long-term success. https://lnkd.in/ekmTgXXM

#🌟 Busting Myths in the Indian Mining Industry! 🌟 Have you ever wondered what lies beneath the surface of the Indian mining industry? Beyond the rough exterior and dusty paths? I used to think mining was only about extracting minerals from the earth. But there’s so much more. The age-old myths paint mining as a non-innovative sector tethered to traditional methods. Yet, the reality is a story of transformation—one driven by new technologies and automation. Once, in a small mining town, I stumbled upon an inspiring story. Imagine a place where tradition meets the future. It wasn't long ago that a local mining company decided to challenge the status quo. They ventured into AI and automation. Skeptics called them dreamers, but they knew better. Their journey was akin to a marathon, not a sprint. It involved learning and unlearning. 💡 Here are two actionable insights from their success: 1. Embrace Technology: Begin by researching new technologies relevant to your field. Attend workshops, enroll in online courses, and don't shy away from experimenting with small, pilot projects. 2. Foster a Culture of Innovation: Encourage team discussions on how traditional processes can integrate new tech. Celebrate small wins and progress along the way. 📌 Practical Tips for You: - Stay Informed: Regularly follow industry leaders and tech forums to keep up with emerging trends. - Build Alliances: Partner with tech startups or universities to gain fresh perspectives. - Think Long-Term: Focus on sustainable practices that benefit both business and the environment. And here’s the best part—this isn’t just a story about mining. It’s about any industry daring to reinvent itself. What are some myths you've encountered in your industry, and how did you challenge them? Let's share our stories and insights! 🌟 #MiningInnovation #TechnologyInMining #Automation #ArtificialIntelligence #BusinessTransformation

"In the mining sector, the operational value of digital twins is - in principle, at least -a widely accepted fact. By pulling together various data streams into a live environment, the argument goes, everyone from the C-suite to shift managers can get a more complete picture of their operations. Armed with this information, the business can unlock significant efficiency gains. But if everyone agrees on this, why has the mining industry’s adoption of digital twins been so sluggish? The answer is that mining is a conservative industry, and digital twins are seen as an uncertain route to greater efficiency. When I worked in the business improvement department of a large mine, a digital twin was always just one option among a stable of efficiency-boosting proposals that included everything from lean process optimization techniques to autonomous equipment deployment. I happen to be a huge believer in the business case for digital twins, but I also think that the conversation around them as drivers of efficiency fails to account for another important reason to adopt them. Mining has an image problem, and the issues start on our own doorstep. Community engagement- the business-critical process of securing local support for mining activities - is a facet of our industry that remains, frankly, primitive. I believe that digital twins are uniquely positioned to transform how we do community engagement. More than that, they can also help rejuvenate the relationship between the mining industry and wider society- at a time when we need each other more than ever." Read Preston Miller’s thought-provoking piece 🔗 https://okt.to/BVUDxI Follow Our Industrial Life to find out more.

The mining industry has a $2 trillion data problem. Most operations generate massive amounts of data but can't access insights when they need them most. Our solution? "Conversational Digital Twins" that let you literally TALK to your mining operations. I and Abhishek Ghose (CTO, Blue Copper Technologies), are going to present a paper on "Conversational Digital Twins from Pit-to-Port" at DIGMIN-2025. Imagine asking your mine: → "Which section needs maintenance next week?" → "What's our carbon footprint today?" → "How can we optimize truck routes?" And getting instant, accurate answers. ISM Dhanbad | Sept 12-13 | DIGMIN-2025 Who else thinks the future of mining is conversational? 👇 hashtag #ConversationalAI hashtag #DigitalTwins hashtag #MiningInnovation hashtag #DIGMIN2025 #

Mining project generation is often described as “finding a needle in a haystack.” I’ve heard this countless times from mining companies, corporate finance analysts, and fellow explorers. But what if we used a magnet? What if AI and data could surface the most promising, acquirable mining projects before they even hit the market—giving you a competitive edge, like securing a Sydney property before it ever goes to auction? Today, project generation is still reactive: sifting through government databases, relying on word of mouth, or waiting for a broker to call. We set out to flip this process—to make it proactive and predictive. That’s why we built a Project Opportunity Map: not just showing where projects are, but which ones are most likely to come up for sale in the next 6–12 months—and why. We modeled five key factors to calculate a Divestment Score for every project: - Maturity stage - Importance of the commodity in the company’s portfolio - Geographic isolation within the portfolio - Nearby competitors and infrastructure - Strategic fit indicators The result? An interactive intelligence map that narrowed 11,000+ projects down to fewer than 1,000 ranked, filterable opportunities. And when we validated it against historical data, over 95% of the projects we flagged were later sold or put into JV. You can read the full blog post linked in the comments—or reach out if you’d like to test drive the map.

Data Drives Mining's Profitable Future 🚀 Mining companies leveraging advanced analytics are seeing 15-25% productivity increases, according to McKinsey's research. The global mining analytics market, valued at $8.9B in 2022, is projected to reach $25.9B by 2030, growing at 14.2% CAGR. This isn't just about collecting data. It's about transformation: → Reactive maintenance becomes predictive, reducing breakdowns by up to 75%. → Basic production metrics evolve into resource-optimized extraction. → Simple recovery rates transform into ML-enhanced processing efficiency. Advanced technologies driving this revolution include: → XRF analyzers detecting elements down to 1ppm. → ICP-MS identifying valuable metals at parts-per-billion levels. → Portable analyzers providing results in seconds rather than days. The impact? Real solutions to mining's biggest challenges: → Ore quality variability managed through real-time adjustments. → Processing inefficiencies identified through comprehensive data analysis. → Recovery fluctuations predicted with ML models. → Equipment reliability enhanced through predictive maintenance. Yet only 37% of mining companies have implemented comprehensive data strategies. Is your operation among the forward-thinking minority transforming data into profit, or are you leaving value buried in unanalyzed information? Click to discover how data analytics is revolutionizing mining operations and what it means for your competitive advantage: https://lnkd.in/g83mzk9b

Short-Interval Wins: The Low-Tech Tool Driving Big Gains 📈 Mining isn’t just about mega-machines; sometimes a simple change makes all the difference. Short Interval Control (SIC) is an old-school productivity hack made new with digital tools. Basically, it means breaking a shift into hourly targets, checking progress on the spot, and fixing issues before they snowball. Even mining teams using paper boards or mobile checklists report surprising gains. Case studies show productivity jumps (some as high as +18%) just by sticking to the plan and reacting quickly to minor setbacks. The cultural shift is simple but powerful: everyone on the crew can instantly see if the team is on track. For instance, starting one quick SIC review each shift – a meeting to check a live dashboard – can make daily goals move from wishful thinking to easily met. Have you considered how hourly tracking could transform your mine’s performance? 👀 #sic #groundhog #mining #mineproductivity #operationalexcellence #mineops

An Efficient Approach for Mining High Average-Utility Itemsets in Incremental Database https://brnw.ch/21wVO8O By Ye-In Chang, Chen-Chang Wu and Hsiang-En Kuo From the 2025 IEEE 5th International Conference on Electronic Communications, Internet of Things and Big Data Traditional high-utility itemset (HUI) mining methods tend to overestimate utility for long itemsets, leading to biased results. High average-utility itemset (HAUI) mining addresses this problem by normalizing utility with itemset length. However, uniform utility thresholds fail to account for varying item importance. Recently, HAUI mining with multiple minimum utility thresholds (MMU) has been used for flexible utility evaluation. While the generalized HAUIM (GHAUIM) algorithm performs well, it requires two database scans and is limited to static datasets. Therefore, we developed a novel tree-based method that scans the database only once to improve efficiency by reducing storage and eliminating costly join operations. Additionally, pruning strategies and incremental updates were introduced to enhance scalability. The developed method outperformed GHAIM in efficiency. #BigDataAnalytics #MachineLearning #PatternRecognition

Bridging Traditional and Modern Approaches in the Mining Sector The mining industry is evolving through integrating traditional methods with advanced technologies, aiming for greater sustainability, efficiency, and safety while addressing global challenges. Read More : https://lnkd.in/gTGPcbGM #MiningInnovation #SustainableMining #AdvancedTechnologies #IndustryEvolution #EfficiencyInMining #GlobalChallenges #TraditionalMethods #MiningExcellence #FutureOfMining