The safety and cost benefits of an autonomous mining industry
Gaurav Sharma, Head of Industries Business for ANZ, Cognizant Employee safety is a major concern for Australian mining corporations. Even today, with arguably the best mining safety regulations in the world, there continues to be serious injuries and sometimes fatalities. Fortunately, the industry is in a good position to address these concerns with the help of technological advancements in automation. The benefits of automation stretch beyond safety McKinsey estimates that digital innovation in the mining industry can be worth $370 billion per year worldwide in 2025. A key element of digital innovation is automation ― automation of operating equipment, technology functions, and business processes. Already Australia is a world leader in mining equipment automation, including automated trucks, drill rigs, trains and port operations. Implementing automation across various facets of the mining industry can improve safety and improve productivity. While autonomous mining equipment requires companies to inject significant capital, it is balanced by lower operating costs. Automating mining equipment including haul trucks can mitigate the danger of driver fatigue and boost the efficiency of long-haul transportation, adding much more value to the supply chain of the industry. Sensor technology is now so advanced that autonomous trucks could sense even the smallest of hazards — like a bird flying in front of it — and react accordingly. The future has already arrived for autonomous driving in the sector Autonomous operations are now a working reality within the Australian mining sector. One of Australia’s leading mining corporations is a world leader in autonomous mining equipment technology. Since deployment, the company has had zero injuries, highlighting the major safety and productivity benefits that autonomous mining trucks provide. Are autonomous trucks the canary-in-the-coal-mine for other mining jobs? While there is a concern that autonomous trucks will replace jobs in Australia’s mining industry, the good news […]