Here are some of the mining industry's latest technological innovations: 1. Spatial data visualisation. Mining is experiencing an exciting shift, thanks to spatial (or geospatial) data. Spatial data is becoming more detailed and clearer than ever: Three-dimensional (3D) Modelling creates a viewable, life-like impression with depth perception ...

Unpacking the forces influencing the future of the mining industry can help make sense of complexity, better situate how risks manifest themselves, and improve our understanding of how to navigate …

Miners plan for growth in a low-carbon future. Mining truck driving down winding dirt road to the bottom of a canyon. ... The global mining industry faced a challenge in 2023 that was at once unprecedented and familiar. …

Energy Information Administration (EIA) projections have the mining industry growing by about 50,000 workers by 2019, however the industry will need 78,000 additional replacement workers due to retirement, for a total of 128,000 new positions by 2019. By 2029, more than half the current workforce will be retired and replaced (~221,000 …

While mining companies have been considering for several years how digital transformation might alter the future of work, COVID-19 has accelerated this imperative. Many companies are taking this opportunity to review work routines, evaluate remote work, and even outsource key areas. However, to truly enable the future of work and build …

Electric and autonomous vehicles and equipment will continue to impact the mining industry. According to a recent industry report, electrification and automation will be a $15 billion market by 2028. Fuels savings, increased efficiencies, and greater productivity continue to drive innovations forward in this area.

There are three major trends that are fundamentally transforming the industry. First, the shift from diesel to electrification.Second, there is digitalization, which is resulting in increased productivity and more sustainable use of resources while lowering input cost.The third trend is automation, which will also increase productivity and change the way we work.

2. Financing Africa's Mining Future: The financial dynamics in Africa's mining sector stand out as another pivotal force in 2024 as companies grapple with the imperative to fund expansions necessary to meet the surging demand for minerals integral to the global energy transition.The industry faces an investment dilemma, however, …

Brad Johnson. Managing Director - US Metals Industry Leader. [email protected]. +1 412 874 0099. View full bio. What lies ahead for the mining industry in 2023? Explore the top 10 trends that will provide a toolkit to help mining companies to think through, and move towards, their vision of future success.

Serge Dupont (left) and Sharon Singh (right) The intensifying focus on Environmental Social and Governance (ESG) factors will underpin the acceleration of three interconnected trends for the Canadian mining industry in 2022: > Capitalizing on an ESG narrative and opportunity. > Water use and innovation. > Canada's regulatory framework …

Smoother sailing in the coming years. Bell believes that even with a trickier operating environment in 2024, there will be opportunities for miners to position for the forecasted commodity price uplift, when demand significantly outpaces supply. And that pivot, for many, begins this year. "The industry's prognosis is extremely healthy ...

The 2024 oil and gas industry outlook explores five trends and industry drivers that are expected to play an important role in shaping the strategies and priorities of O&G companies in the upcoming year: Energy transition: Prudently allocating capital and effectively executing clean energy policies.

The COVID-19 crisis has exposed the siloed nature of mining companies and highlighted the need for integrated operations. This is likely to accelerate the adoption of digital technologies, artificial …

The mining sector is constantly evolving and adapting to new technologies and societal expectations. As we wrap up 2023 and enter 2024, several trends have emerged that will shape the future of the industry – from the rise of renewable energy to the increasing use of automation and digitalisation. To remain competitive, mining …

As the raw-materials supplier to the economy, the mining sector will need to grow at an unprecedented pace in order to enable the required technological shifts. The sector will be expected to move at a faster pace, despite its traditional reputation as a long lead-time, highly capital-intensive industry.

Here's a closer look at some of the top trends fueling the industry's evolution in 2024. 1. Demand for Energy-Transition Metals and Minerals. As decarbonization efforts progress across industries (from mobility to energy grid storage), certain metals and minerals are becoming super stars in the world of mining.

Mining trends and themes From technology and innovation to the future mining workforce, explore the trends and key themes that are shaping the future of the mining industry. Read more. Our site uses cookies. We use these to improve your browser experience. By continuing to use the website you agree to the use of cookies.

Freeport-McMoRan: Unlocking new mining production through AI transformation. June 20, 2023 -. Freeport-McMoRan, one of the world's leading mining companies, faced a dilemma. To maintain growth in its Americas copper operations it needed to increase production. Freeport believed the answer lay in improving operations …

One of the most important trends is the increasing demand for mining products. As our world population continues to grow, so too does the demand for metals and minerals that are used in everyday items. In 2018, the mining industry was worth $1 trillion per year - but it is expected to have a value of $5 trillion by 2027!

As the world's largest resource for data on emerging companies, the SaaS platform enables you to identify relevant startups, emerging technologies & future industry trends quickly & exhaustively. In the Innovation Map below, you get an overview of the Top 8 Mining Trends & Innovations that impact 1 759 companies worldwide.

The value of data in digitally advanced industries such as banking and retail is obvious. But for many metals and mining companies, investments in data-capture technologies are still viewed as little more than an additional cost. According to the DAI survey, only around 10% of the industry views data as a corporate asset.

by Adenike Adeodun January 30, 2024. The year 2023 proved to be an exceptionally demanding period for the global mining industry, with South Africa facing multifaceted and far-reaching challenges. These challenges have pushed the sector into a state of crisis-mode management, which has become the norm in the management of South African …

In conclusion, the mining industry is undergoing significant transformations driven by various trends. From technological innovations to environmental sustainability efforts, safety and health advancements, economic and market influences, regulatory changes, and glimpses into the future, mining companies need to navigate these trends ...

Mergers and acquisitions activity in the metals and mining sector has been robust to date in 2022, capitalizing on high commodities prices. The souring macroeconomic environment and resulting market volatility will likely make for cautious buyers in 2023, although these same factors may expand the pool of assets available for purchase.

In its 20th edition, PwC's 2023 Mine: The era of reinvention, an annual review of the Top 40 mining companies globally, examined trends in the mining industry. In this report, PwC found market capitalisation of the Top 40 miners tripled from US$400bn in 2003 to US$1.2trn in 2022. The findings of this year's report capture major themes …

In brief. The mining and metals companies need to surmount various challenges, including meeting rising ESG and social expectations, transitioning towards low-carbon value chains, among others, to fully leverage the potential of the sector. Minerals are non-renewable and limited natural resources that constitute vital raw materials in …

The mining and metals sector is well placed to positively influence social, environmental and economic development by creating a healthy, regenerative ecosystem inclusive of people, planet and industry. This year, Tracking the trends highlights 10 trends that show the indispensable value that the mining and metals sector can deliver.

Trend 10: Meeting demand for green and critical minerals. The mining industry is at an important juncture. Tracking the Trends 2021, an overview of mining trends that will shape the future of the sector, …

Tel: +1 347 786 2258. Mobile: + 1 484 347 7511. [email protected]. Released today, the 16th annual edition of Deloitte Global's mining and metals report, Tracking the trends 2024, explores key trends facing mining and metals companies and how the sector is navigating a complex matrix of challenges, opportunities, expectations, …

Nevertheless, in the case of the mining industry, it is possible to identify certain trends that can be of help to outline this future scenario. First and most evident, it is the major technological shift occurring across all industries: the so-called Fourth Industrial Revolution, or simply Industry 4.0, as the transition to the digital era.