WorldWide Drilling Resource®

Smart Mining Market Forecast Adapted from Information by Research and Markets The mining industry has been at the forefront of automation technology. Having the ability to monitor personnel and equipment makes for a safer, more efficient mining operation. According to a recent report by Research and Markets, a market research company, the smart mining market will like- ly increase 8.2% by 2025. Smart mining is the term used to describe the use of data and technol- ogy to increase productivity, improve safety, and lower the operational expenses of mining, such as telerobotic mining and remote-controlled. Several mining companies are partnering with technology companies to come up with creative solutions for wireless underground networks. Using an application on a mobile device, supervisors at mine sites can receive alerts via e-mail, SMS (text message), or through in-app notifica- tions, which helps them react to critical problems in real time. For instance, Dundee Precious Metals in Canada, was one of the first mining companies to introduce wireless network technology into an under- ground mine. Using RFID (radio frequency identification) and Wi-Fi technology, the company is able to monitor the location of people and equipment in real time. Like several other trades, the mining industry is having a tough time finding qualified work- ers. The shallow talent pool has made it difficult for mining companies to hire new employees with the technical skills required, further driving the demand for smart mining solutions. Integrating IoT (Internet of Things) and smart systems is making operations more accessible, productive, and efficient. IoT adoption can also depend on how the integration unfolds in existing mines. For instance, the proper integration of radiofrequency technology and wireless sensor networks can enhance safety inside mines. As smarter technologies and IoT devices are adopted, the need for advanced integration systems is projected to grow simultaneously. Prominent players across the region are focusing on providing real-time analysis with the evolution of the Internet. For instance, Cisco has a program to help mines gain a real-time view of each step of the mining and production process, while also being able to monitor output, equipment, worker location, and security. Several of the latest technological breakthroughs have promoted the advancement of smart mining systems, which has the potential to make the overall processes more efficient and also improving accuracy in various services and solutions. 29 WorldWide Drilling Resource ® OCTOBER 2020 Congratulations to: Tabatha Kerley Knoxvi l le, TN Winner for September! Time for a Little Fun! September Puzzle Solution: RESEARCH BEGINNING FOUNDERS DEVELOPMENT INNOVATION PRODUCT PROTOTYPE Win a prize! Send completed puzzle to: WWDR PO Box 660 Bonifay, FL 32425 fax: 850-547-0329 or e-mail: michele@ Circle what’s different about the photo on the right. (There are 6.) MIN Dealmakers Farago Well Drilling, Plumbing, and Septic Systems of Plainfield, Wisconsin, is another satisfied cus- tomer with their refined 2014 GEFCO 30K, with an added casing package from GEFCO, Inc. of Enid, Oklahoma. GEFCO, Inc. Send your deals to: michele@