VOL 13 | ISSUE 3 | May - June 2021
In this issue ...
Malawi President eyes mining as key money maker Pg 08 www . fmdrc-zambia . com
CENTRAL AFRICA ' S PREMIER BUSINESS TO BUSINESS MINING MAGAZINE
Digital Transformation in Mining
Transforming the future of mining for Africa Pg 25
Cover Image : Endress + Hauser
High Temperature Furnace Cameras for Safety and Control Pg 32
COVER STORY : PG 22
Digital Transformation in Mining
Within the MMM industry , digitalisation transforms key aspects at every step of the value chain . Digital transformation in mining connects people , technology and processes to achieve strategic transformation , and also places organisations ahead of competition .
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EDITOR ’ S COMMENT
Time to embrace AI in mining
The benefits of full-scale digitalization in mining cannot be overemphasized . According to research firm McKinsey , smart mining that utilizes data analysis and digital technologies such as Artificial intelligence ( AI ) is likely to save mineral raw materials producers between $ 290 billion and $ 390 billion annually by 2035 .
In Artificial intelligence , a computer-controlled robot or machine is enabled to perform tasks that require human intelligence . The systems powered by artificial intelligence use different algorithms to organize and understand vast amounts of data , with the purpose of making optimal decisions .
McKinsey recommends that to succeed with AI , companies should leverage historical data via automation . They will need to adapt their big data into a form amenable to AI . This ‘ smart data ’ can improve predictive accuracy and support root-cause analysis . Additionally , bolstering and upskilling expert staff to manage the process can result in an EBITDA increase of 5 to 15 %.
And with the emergence of Covid-19 pandemic , the need for smart mining cannot be more urgent . At the onset of the pandemic , governments were forced to enforce complete lockdowns that resulted in untold job losses and decreased profits .
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As a result , some companies such as Shell have come up with digital innovations to help mining companies find novel solutions to mine safely and sustainably . It is therefore important for mining companies to quickly embrace sustainable ways of doing business because opportunities and challenges will always present themselves in equal measure .
Anthony Kiganda
Mailing Times Media ( Pty ) Ltd makes every effort to ensure the accuracy of the contents of its publications , but no warranty is made as to such accuracy and no responsibility will be borne by the publisher for the consequences of actions based on information so published . Further , opinions expressed are not necessarily shared by Mailing Times Media ( Pty ) Ltd www . fmdrc-zambia . com
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