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Maximising Return on Investment with Advanced Asset Monitoring
Ian Jansen • Nov 12, 2023
In the dynamic and ever-evolving mining industry, efficiency and optimisation are not just goals; they are imperatives for survival and growth. The key to achieving these objectives lies in the effective management and monitoring of mining assets. With the advent of Simbio Asset Monitoring, mining companies now have access to a sophisticated solution that provides comprehensive insights into their assets, both fixed and mobile, light and heavy. This integration of OEM asset health systems and location tracking ensures that every asset is maximising its return on investment (ROI), whether it’s working on the surface or deep underground.
The Critical Role of Asset Monitoring
Asset monitoring in the mining industry is crucial for several reasons. First, it ensures the effective utilisation of equipment, which is often a significant investment for mining companies. By having accurate, real-time data on the health and location of each piece of equipment, companies can optimise their use and extend their life cycle. This not only saves money in terms of capital expenditure but also reduces operational costs associated with maintenance and downtime.
Second, asset monitoring plays a vital role in the safety of mining operations. Real-time data can help identify potential equipment failures before they occur, preventing accidents and ensuring the safety of the workforce. This aspect is particularly crucial in an industry where the work environment can be hazardous, and the consequences of equipment failure can be severe.
The Technology Behind Simbio Asset Monitoring
Simbio Asset Monitoring utilises state-of-the-art technology to provide comprehensive insights into mining equipment. The system integrates OEM asset health systems and location tracking, offering a detailed view of each asset’s performance and condition.
Future Trends in Mining Asset Management
Looking to the future, the trend in mining asset management is towards even greater integration and automation. The use of Internet of Things (IoT) technology is expected to grow, with more devices and equipment being connected to the internet. This will allow for even more detailed and accurate monitoring of assets.
In addition, advances in artificial intelligence (AI) and machine learning are likely to play an increasing role in asset monitoring. These technologies can be used to analyse the vast amounts of data generated by monitoring systems, identifying patterns and predicting equipment failures before they occur.
In Summary
The implementation of Simbio Asset Monitoring represents a significant step forward in the mining industry. By providing real-time insights into the health and location of mining assets, this technology enhances the safety, productivity, and profitability of mining operations. As the industry continues to evolve, we can expect to see even more advanced asset monitoring solutions, driving efficiency and optimisation in mining operations.
Asset monitoring in the mining industry is crucial for several reasons. First, it ensures the effective utilisation of equipment, which is often a significant investment for mining companies. By having accurate, real-time data on the health and location of each piece of equipment, companies can optimise their use and extend their life cycle. This not only saves money in terms of capital expenditure but also reduces operational costs associated with maintenance and downtime.
Second, asset monitoring plays a vital role in the safety of mining operations. Real-time data can help identify potential equipment failures before they occur, preventing accidents and ensuring the safety of the workforce. This aspect is particularly crucial in an industry where the work environment can be hazardous, and the consequences of equipment failure can be severe.
Enhancing Productivity and Profitability
The primary benefit of effective asset monitoring is increased productivity. By ensuring that equipment is in good working order and optimally utilised, mining operations can run more smoothly and efficiently. This leads to increased output and, ultimately, higher profitability.In addition, the data gathered through asset monitoring can be used to make informed decisions about maintenance schedules, equipment replacement, and investment in new technology. This strategic approach to asset management can further enhance the efficiency and profitability of mining operations.
Simbio Asset Monitoring utilises state-of-the-art technology to provide comprehensive insights into mining equipment. The system integrates OEM asset health systems and location tracking, offering a detailed view of each asset’s performance and condition.
One of the key features of the system is its ability to monitor a wide range of assets. From heavy machinery like excavators and dump trucks to smaller, mobile equipment, Simbio Asset Monitoring can track and report on all types of mining assets. This capability is crucial in an industry where a diverse range of equipment is used.
Looking to the future, the trend in mining asset management is towards even greater integration and automation. The use of Internet of Things (IoT) technology is expected to grow, with more devices and equipment being connected to the internet. This will allow for even more detailed and accurate monitoring of assets.
In addition, advances in artificial intelligence (AI) and machine learning are likely to play an increasing role in asset monitoring. These technologies can be used to analyse the vast amounts of data generated by monitoring systems, identifying patterns and predicting equipment failures before they occur.
In Summary
The implementation of Simbio Asset Monitoring represents a significant step forward in the mining industry. By providing real-time insights into the health and location of mining assets, this technology enhances the safety, productivity, and profitability of mining operations. As the industry continues to evolve, we can expect to see even more advanced asset monitoring solutions, driving efficiency and optimisation in mining operations.
In the world of underground mining, inaccessible areas such as stopes and ore passes are crucial areas that directly determine the shift and monthly productivity. Cavity Monitoring Systems (CMS) provide limited visibility into these dangerous areas but are constrained by access. Digital Terrain continue to pioneer Autonomous LiDAR enabled drone technology with solutions that offer rich capabilities in mapping, monitoring, and managing underground environments. Key benefits in underground mining include: 1. Precise 3D Mapping: LiDAR technology enables high-resolution 3D mapping of underground environments with remarkable accuracy. By emitting laser pulses and measuring the time it takes for them to return, LiDAR scanners can create detailed point clouds that accurately represent the terrain, infrastructure, and geological features of underground workings, including stopes and inaccessible areas. 2. Enhanced Safety: One of the most significant benefits of Autonomous Drone technology in underground mining is its contribution to safety. By operating within the protective barricades and barriers comprehensive data on the conditions of underground workings, LiDAR derived data helps identify potential hazards such as unstable ground, roof collapses, or hangups and blockages. This allows mining operators to take proactive measures to mitigate risks and ensure the safety of employees. 3. Improved Planning and Design: LiDAR-generated 3D maps facilitate better planning and design of underground mining operations. By accurately capturing the geometry and topography of stopes and voids, mining engineers can optimize the layout of infrastructure, plan drilling and blasting activities more effectively, and minimize waste generation. This leads to increased operational efficiency and reduced costs. 4. Monitoring and Management: LiDAR enabled drones enables continuous monitoring of underground environments, providing valuable insights into ground movement, rock stability, and infrastructure integrity. By comparing successive LiDAR scans over time, mining operators can detect changes in the underground environment, assess the effectiveness of ground support measures, and identify areas requiring maintenance or remediation. 5. Remote Inspection and Exploration: Drones integrated with LiDAR technology offers a non-intrusive means of inspection and exploration. By deploying LiDAR-equipped drones or robotic platforms, mining operators can autonomously survey inaccessible areas, gather valuable data, and make informed decisions where only a few short years ago it was near impossible to gain insights into these underground areas. 6. Augmented services vs Do it yourself (DIY) Most mines have already invested in drone and LiDAR technology to some extent, but have been disappointed with the results or have suffered lost and damaged equipment. There are many reasons for this including Personnel changes mean constant re-training Operators only gain limited and site-specific experience. This makes them unprepared for difficult scenarios that might develop. Infrequent use almost always results in loss and damage of expensive equipment Collecting the data is only half the job. Processing the data collected requires specialist skillsets. Processing and interpreting collected data is extremely heavy on compute and is very data intensive because of the sheer size of datasets. Processing turnaround is crucial. Operators often do not have sufficient time to learn and experiment with processing software, techniques and settings for optimal results – all with time sensitivity to inform operational decisions. Historical data collected over time is lost or not managed correctly Specialist shaft, lighting and other sensor attachments are not easily available but are critical for success Digital Terrain Digital Terrain have solutions that replace or augment existing capabilities for capturing, processing, analysis and reporting. We also offer onsite instruction and training where customers seek to build their own expertise. > Enjoy the sample video of our capabilities and contact David Juany for any comments, questions, or service information. david.jaunay@digitalterrain.io or +61434317580
Solving explosive management and compliance issues in mining and regulated industries The industry is a bustling sector of ideas, products, services that are intended to help make the most of the mining value chain. It's often tempting for organisations that sell into this sector to focus on the allure of features. Anything from the sleek intrinsically safe tablet to the functionalities of a software program that manages resource specific requirements. Features are flaunted as badges of innovation and superiority – yet in this there lies a profound oversight: the neglect of the fundamental question – what problems do these features solve? Our Chief Operating Officer – Ian Jansen encouraged our team to think about the problems we solve for our customers and to retain the essence of why people seek out our Magman products in the first place. Word of mouth has been a wonderful tool that has allowed us to acquire over 70 mine sites globally but is only one thread of challenges, desires, and aspirations of our customers. In highly regulated industries every organisation grapples with a mix of compliance, operational and unique site-specific problems. It is within the context of these challenges that Magman (acquired by Digital Terrain in 2023) is applying the lens of true value and embarking on our next round of problems to solve. This led us to summarise what problems we solve today, and what we do today – a digital no-nonsense product, built by miners, for miners to help with the management of a magazine for explosives. Making sure that compliance is met, while being easy to use; and we’ve been doing it for over 10 years, so we know a thing or two about what works and what doesn't. Make it easy : We make it easy to replace paper record keeping in a magazine with legislatively compliant, certified, intrinsically safe tablets and specialist software. Easier said than done because we’ve seen many complex problems to the simple problem of replacing paper records. Reduce Errors : We reduce the number of errors, with no need to transcribe into error prone spreadsheets with formulas. It’s all done for you. Automatic notification and escalation of errors. The cost of shutting down the operation to resolve an error is enormous. Correcting typos on the go is handy and helps this too. Improve Accuracy : Large, simplified buttons backed by best practice user processes helps with the repetitive nature of data capture for explosives movement Efficient blast designs or stope firings : Prevents busy operators from needing to fill out entire takes. This improves speed and efficiency akin to a recipe process. Elevating governance and risk management : Unmissable notifications that highlighting on stock discrepancies keeps the magazine in check. Peace of mind with notifications that enable 24/7/365 compliance and governance needs with change logs and transaction history for investigation audit trails. Ease of Reporting : Integrated reporting or export of data to excel, with dashboarding and API options.
