These dynamics are core to the industry’s operational performance. Second, in time, these decisions will be fed back to autonomous machines, not to human operators. Our books collection hosts in multiple locations, allowing you to get the most less latency time to download any of our books like this one. Mining operations often take place in extreme environments and in far-flung locations. We believe that the mining industry is at an inflection point, in which digital technologies have the potential to unlock new ways of managing variability and enhancing productivity. Please use UP and DOWN arrow keys to review autocomplete results. If you would like information about this content we will be happy to work with you. These dynamics are core to the industry’s operational performance. Digital innovation could provide a breakthrough. Application of advanced analytics should make it possible to maintain the mining equipment at a far superior level, reducing breakdowns and increasing overall equipment-effectiveness performance by more than 25 percent. Secondo le stime di McKinsey nel prossimo decennio il business Ai varrà 13 mila miliardi di dollari. Despite the industry’s booms and busts, the nature of mining has stayed the same for decades. 11 June 2020. Mining companies must find new ways to keep business, processes and systems in operation. How technology can boost productivity in small-scale mining. Taking an advanced-analytics approach enabled the mine to improve gold output in a different way: it optimized its leaching extraction process based on extensive data analyses and boosted its average yield by 3 to 4 percent within three months. Our analysis shows that global mining productivity has declined 3.5 percent a year over the past decade (Exhibit 1). A fully integrated and automated mining supply chain may not be universally realized in the near future, but it is more than mining science fiction—it is the logical end point in a series of technology deployments that mining companies have already initiated. And the strains and stresses placed upon mining equipment by rocks of unpredictable size and hardness result in frequent breakdowns. But there remains significant untapped potential for productivity improvement. Over time, mining work will evolve toward knowledge-based jobs that solve the same challenges as today but do so through different means. How digital innovation can improve mining productivity. Hugh Durrant-Whyte is professor at the University of Sydney. In particular, much of the value creation in mining will shift from how well the operation moves material to how well it collects, analyzes, and acts on information to move material more productively. 05.11.2015. While there is debate about the cause of the decline, there is universal agreement that this performance is untenable. It is highly variable, starting with uncertainty about the nature of the resource being mined. This would amount to 17 percent of the projected cost base of the industry globally in 2025. Please click "Accept" to help us improve its usefulness with additional cookies. The surge in demand for metals and minerals in the early 2000s quickly translated into much higher prices and, with it, much increased miners’ profitability. Ryan Geraghty is an associate principal in McKinsey’s Sydney office, Ferran Pujol is a senior expert in the Santiago office, and Richard Sellschop is a principal in the Stamford office. There are six crucial innovations that today’s mining companies should strongly consider implementing. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Thus, we see it as a natural destination; the question is how long it will take to get there and to navigate the journey successfully. © Copyright 2019 McKinsey & Company | P.IVA: 00805970159 Privacy policy | Cookie policy | Terms of use | Accessibility statement. The COVID-19 pandemic has forced companies to rapidly evolve, but without past, present and future innovation, many of these changes would have been impossible. Hugh Durrant-Whyte, Ryan Geraghty, Ferran Pujol, Richard Sellschop. Despite the mining industry’s booms and busts, the nature of mining has stayed the same for decades. Achieving a breakthrough on productivity performance demands rethinking how mining works. Article How digital innovation can improve mining productivity Article Productivity in mining operations: Reversing the downward trend Article Riding the resource wave: How extractive companies can succeed in the new resource era Most transformations fail. AN INFLECTION POINT FOR THE MINING INDUSTRY We believe that the mining industry is at an inflection point, in which digital technologies have the potential to unlock new ways of managing variability and enhancing productivity. One of the most accessible is to draw insights from the data that mining companies routinely gather and then use them to forecast when a piece of equipment may fail. Over time, mining work will evolve toward knowledge-based jobs that solve the same challenges as today but do so through different means. First, the physical technology required for automation provides the real-time flow of information that forms the foundation for better insights. Based on our benchmarking, we observe a global average overall equipment effectiveness (OEE) performance of 27 percent for underground mining, 39 percent for open-pit mining, and 69 percent for crushing and grinding—compared with 88 percent for upstream oil and gas, 90 percent for steel, and 92 percent for oil refining. On top of this, worldwide mining operations are as much as 28 percent less productive today than a decade ago—and that’s after adjusting for declining ore grades. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Please email us at: How advanced analytics helped a gold mine to step up performance, How a mine cut maintenance costs and improved equipment availability using advanced analytics, Mining the unmineable: How digitization is paving the way for a mining company to move far beyond historical frontiers. Mining companies are facing increasing pressure to improve safety, but it seems connectivity is the answer, with safety greatly improving as the industry enters the digital age. how-digital-innovation-can-improve-mining-productivity 1/1 Downloaded from monday.cl on November 28, 2020 by guest [PDF] How Digital Innovation Can Improve Mining Productivity Eventually, you will utterly discover a other experience and execution by spending more cash. Subscribed to {PRACTICE_NAME} email alerts. How mining leaders can take charge to improve safety, productivity and reduce stress By Hendrik Lourens and Paul Moynagh This article explores how combining a management operating system with frontline work management software can help stabilise operations, improve safety, lift productivity … We believe that the mining industry is at an inflection point, in which digital technologies have the potential to unlock new ways of managing variability and enhancing productivity. Information resources such as CommDev can help mining companies better plan projects and find successful case studies that model how they can work with stakeholders. Now, Ivory added, it is time that mining companies took the next step to unlock new productivity gains to further improve cost efficiency in the next era of the industry. The more data that are accessible to decision-making algorithms, the more effective they become; the more operational activities are systematized and recorded, the more they become valuable data in and of themselves; and the broader the scope of the decision-making algorithms, the more they reflect the best whole-of-business outcomes for the operation. We'll email you when new articles are published on this topic. Machine learning algorithms are considered the next step for digital mine transformation. This miner faced the need to open the next level of its copper deposit situated Ma chi non saprà usarla bene perderà un quinto del fatturato. Looking ahead, many existing mines are maturing, resulting in the extraction of lower ore grades and longer haul distances from the mine face; ore-body-replacement rates are in decline; and new-mine-development times are increasing. Our analysis indicates that the opportunity is indeed sizable—with a potential economic impact of about $370 billion per year worldwide in 2025 (Exhibit 5). This timely webinar – presented by Australian Mining and Rockwell Automation – discusses how mining operations can benefit from embracing new technologies to improve system efficiencies and the safety of employees. Use minimal essential High-level management should view adopting digital mining technology as a solution to a business problem. We see three reasons for this. By searching the title, publisher, or authors of guide you in fact want, you can discover them rapidly. The real value of completing this loop will be in the learning it provides—consistently recorded decisions and actions that, working with machine learning algorithms, will be continuously refined to get better with every iteration. This trend is evident across commodities, geographies, and most mining companies. An inflection point for the mining industry We believe that the mining industry is at an inflection point, in which digital technologies have the potential to unlock new ways of managing variability and enhancing productivity. 2014-2016: Lower commodity prices. Something went wrong. Riding the resource wave: How extractive companies can succeed in the new resource era, McKinsey_Website_Accessibility@mckinsey.com. People create and sustain change. The mine was able to improve the roads quickly, eliminating this cause of failure. The increase in yield translated into a sustainable $10 million to $20 million annual profit improvement, with no need for substantial capital outlays or reorganizations. But this is exactly the point. A large North American open-pit mine applied an advanced analytics–based approach to how it maintained its hauling trucks, and within six months captured 12 percent savings in labor, services, and spare parts and improved availability by 5 percent. We see five areas of significant value creation (Exhibit 2): Each opportunity is significant in itself, but achieving the full potential of all opportunities is possible only if they are pursued in an integrated fashion. Looking ahead, many existing mines are maturing, resulting in the extraction of lower ore grades and longer haul distances from the mine face; ore-body-replacement rates are in decline; and new-mine-development times are increasing. Productivity drive and cost cutting sees record Australian coal and mineral production. The path to a step change in mining productivity will come through reducing and, where possible, eliminating the variability that has made mining unique. Capturing the value from digital innovations represents a fundamental shift in vision, strategy, operating model, and capabilities in the mining industry. Deployment of robots down the mine that can assay the mine face using remote-controlled laser-scanned point clouds to inform the control module on the mine surface can cause a step change in productivity. In the house, workplace, or perhaps in your method can be every best place within net connections. In fact, an underinvestment in digital technology designed to improve productivity can lead to increased work hours, corresponding billing increases, increased operational expenses, schedule slippage and lost revenue. Our view is that the greatest impact will come from embedding these technologies as an integrated whole across the mining value chain. The potential to achieve such a breakthrough is now coming within the industry’s reach through digital and technology innovations that could transform key aspects of mining. Please try again later. And the strains and stresses placed upon mining equipment by rocks of unpredictable size and hardness result in frequent breakdowns. How to increase mine site productivity through ground-engaging tools. Of course, mining differs from other industries in many ways. Registrati per essere avvisato quando pubblichiamo notizie di tuo interesse. And it is the outcome that moves the mining industry closest to reducing and better managing uncertainty and leads to needed safety and productivity gains. By implementing a digital solution, a mining company can improve their productivity and become leaner and agiler to be better positioned to deal with the future. In the mining business, productivity is sometimes less space being consumed by an engine, leaving room for more payload or less time to accelerate, thus maximizing the number of trips a day. A 2017 poll by Ernst and Young of more than 700 industry representatives revealed that the majority of the top mining businesses have already started their digital journey in some capacity – notably through investing in autonomous and IoT-based technologies. This makes capturing the opportunity a management challenge for the next generation of industry leaders. How digital innovation can improve mining productivity. The mining companies that recognize this shift today and best navigate the changes ahead will be the winners of tomorrow. Mining Innovations. On top of this, worldwide mining operations are as much as 28 percent less productive today than a decade ago—and that’s after adjusting for declining ore grades.1 1. The global mining industry is under pressure. Last, once part of the system exists on a digitized platform, there are real benefits, or network effects, to extending it across the supply chain. Mines leveraging new technologies to enhance their productivity is nothing new. If part of the truck fleet is undergoing greater stress—for example, carrying heavier loads, with more stops and starts—the maintenance-management system will be alerted, leading to an increase in maintenance frequency for those trucks, which in turn will trigger the scheduling of required maintenance crews and the ordering of replacement parts. The process parameters of the extraction plant were then examined in depth, looking at an exhaustive range of variables from ore-particle density to flow rates and chemical use, to model the optimal theoretical conditions. The large-scale adoption of four different clusters of technologies is accelerating: Taken together, these technologies enable a fundamental shift in the way mining works—a shift marked both by harnessing the flow of information to reduce variability in decision making and by deploying more centralized, mechanized operations to reduce variability in execution. In truth, most of the technology challenge has been solved. In truth, most of the technology challenge has been solved. How digital innovation can improve mining productivity The productivity imperative. how digital innovation can improve mining productivity is available in our digital library an online access to it is set as public so you can download it instantly. The authors wish to thank Dan Aharon, Michael Chui, Vasanth Ganesan, Andrew Gonce, Stephan Gӧrner, Sigurd Mareels, Agesan Rajagopaul, Dawid Rychlik, and Jason Zheng for their contributions to this article. deep below existing workings, which are already more than 800 meters below the surface. To seize these opportunities and take productivity to the next level, construction companies should apply digital to lean planning so foreman, subcontractors, and support staff in the field can more easily communicate, receive task assignments, check documents, and report progress through digital devices such as their mobile phones and laptops. But it was still running into equipment failures that caused shortfalls on production targets and incurred expensive overtime charges from the maintenance teams, while at the same time falling commodity prices were forcing cuts in the mine’s operating budget. The advanced-analytics approach applied in this case was a neural-network model that simulated the plant performance precisely and indicated where there were opportunities to improve to optimal levels. Smart planning and coordination of activities are required to mitigate variability caused by external forces; disciplined execution is needed to eliminate variability that miners create themselves. But by deploying a complete suite of digitized mining approaches, the miner is on the way to turning the economics around. Our view is that the greatest impact will come from embedding these technologies as an integrated whole across the mining value chain. our use of cookies, and Is there hidden treasure in the mining industry? The path to a step change in mining productivity will come through reducing and, where possible, eliminating the variability that has made mining unique. We see five areas of significant value creation (Exhibit 2): A gold mine was under severe pressure because the gold grade of the ore body it was mining had fallen by around 20 percent. Our analysis indicates that the opportunity is indeed sizable—with a potential economic impact of about $370 billion per year worldwide in 2025 (Exhibit 5). nevertheless when? 2002-2013: Investment boom in mining driven largely by demand from China. The path to a step change in mining productivity will come through reducing and, where possible, eliminating the variability that has made mining unique. Investments in automation are best done alongside investments in systems and tools that build a foundation for better decision making. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Last, once part of the system exists on a digitized platform, there are real benefits, or network effects, to extending it across the supply chain. But there remains significant untapped potential for productivity improvement. Flip the odds. Mining companies have also been working to identify and unlock potentially advanced AI use cases, which can ‘Uberize’ the mining industry. Embedding vast numbers of sensors in physical objects — churning out large volumes of data for analysis and enabling communications among machines — is increasingly affordable and accessible. In this article, we describe a number of digital technologies that have long been in the works and are now available and affordable enough to become operational at scale across the mining industry. In particular, much of the value creation in mining will shift from how well the operation moves material to how well it collects, analyzes, and acts on information to move material more productively. Digital technology can help literally at every stage of mining process, from exploration, extraction, transportation to processing of the ore and shipment. Boosting production volumes became the industry’s top priority. These equipment deployments, in combination with advanced navigation systems and the use of X-ray-fluorescence and X-ray-diffraction scanners, can help to ensure that the mining will remain targeted on the richest part of the copper veins, increasing mined-ore quality. It is highly variable, starting with uncertainty about the nature of the resource being mined. This trend is evident across commodities, geographies, and most mining companies. cookies, Productivity in mining operations: Reversing the downward trend. Innovation and adoption of breakthrough technologies could also help in the productivity battle, and the mining industry has room to raise its game here. For more information on McKinsey’s perspective on these disruptive technologies and Industry 4.0 in manufacturing, see Matthias Breunig, Jamie Cattell, Richard Kelly, and Dominik Wee, “Industry 4.0: How to navigate digitization of the manufacturing sector,” McKinsey & Company, 2015. The path to a step change in mining productivity will come through reducing and, where possible, eliminating the variability that has made mining unique. In the digital mine every operational detail is connecte d , improving safety, productivity and efficiency. Changing the game with digital innovation. One way to understand the order of magnitude is to compare mining to other industries such as upstream oil and gas, steel, and oil refining. Reinvent your business. In this article, we describe a number of digital technologies that have long been in the works and are now available and affordable enough to become operational at scale across the mining industry. McKinsey & Company. Alone, each of these opportunities has real potential; together, they represent a fundamental shift in both potential safety outcomes and how value can be captured in the mining sector. Ryan Geraghty is an associate principal in McKinsey’s Sydney office, Ferran Pujol is a senior expert in the Santiago office, and Richard Sellschop is a principal in the Stamford office. How to Achieve a Digital Transformation in Mining Technology This would amount to 17 percent of the projected cost base of the industry globally in 2025. The key to unlocking this value will be to see innovation as an undertaking that encompasses all aspects of the business, rather than a technology effort. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. The result has been that mining productivity has leveled off and even started to recover in some locations and commodities. Digital Connectivity. If you purpose to As the industry outlook has deteriorated, most mining companies have shelved or trimmed expansion plans and refocused on doing more with less. A fully integrated and automated mining supply chain may not be universally realized in the near future, but it is more than mining science fiction—it is the logical end point in a series of technology deployments that mining companies have already initiated. The global mining industry is under pressure. Le applicazioni nei negozi e il... Il McKinsey Global Institute in un report stima in 13.000 miliardi di dollari il possibile contributo dell'AI al Prodotto interno lordo mondiale entro il 2030. Mining companies may wish to apply a better use of technology to achieve these goals: Seek out innovative technologies capable of unlocking deposits and improving productivity on the mine site. The information transmitted can enable proactive control of mining operations. We use cookies essential for this site to function well. Digital upends old models. One miner is already assembling the capabilities of mining digitization to enable it to push forward the frontiers of what is economically and safely mineable. Digitization, in particular, offers several useful approaches. Modern mines have to be digitally connected. Never miss an insight. Our analysis shows that global mining productivity has declined 3.5 percent a year over the past decade (Exhibit 1). Investments in automation are best done alongside investments in systems and tools that build a foundation for better decision making. Capturing the value from digital innovations represents a fundamental shift in vision, strategy, operating model, and capabilities in the mining industry. For more information on McKinsey’s perspective on mining productivity, see Ajay Lala, Mukani Moyo, Stefan Rehbach, and Richard Sellschop, “Productivity in mining operations: Reversing the downward trend,” May 2015. 4. This ensemble of approaches is projected to increase the productivity of the mine by as much as 30 percent and help to capture important gains in safety performance. We believe that the mining industry is at an inflection point, in which digital technologies have the potential to unlock new ways of managing variability and enhancing productivity. The results of a unique way of production or we can say the achieving the productivity demand stimulates the industry for the new ideas of mining to keep rethinking. Big data and analytics might improve the geological modelling and mine planning (especially 3D technologies). For more information on McKinsey’s perspective on mining productivity, see Ajay Lala, Mukani Moyo, Stefan Rehbach, and Richard Sellschop, “, Discover how MineLens can provide data and insights to optimize mining productivity. The industry has shifted its focus to improving productivity by “sweating” existing assets, but this strategy will go only so far. The AI wave is now making a mark in the mining industry as well. In the short term, falling commodity prices are squeezing cash flow. Improve efficiencies through technology. As the industry outlook has deteriorated, most mining companies have shelved or trimmed expansion plans and refocused on doing more with less. It is time for companies to look at how innovation can increase both productivity and safety. The presenters and topics include: The key to the next era in mining is recognizing that this situation is no longer inevitable—that, with the right investments, miners have the opportunity to reduce and, in some cases, eliminate the uncertainty. The 3-D modeling data these robots provide to the control module on the surface can inform the real-time mine-planning and reconciliation approaches used for the mine’s development, and also avoid the dangers and delays of sending geologists to the just-blasted mine face. Of course, mining differs from other industries in many ways. The first step brought together all the mine’s extensive but underused production and process data—not just from its operating and resource-planning systems but also from the laptops of operators and management—and deployed mathematical-modeling approaches to reconcile inconsistencies and data gaps. The fleet of self-driving trucks at Jimblebar has reduced potential safety incidents involving vehicles, increased truck utilisation and reduced haulage costs by about 20%. Alone, each of these opportunities has real potential; together, they represent a fundamental shift in both potential safety outcomes and how value can be captured in the mining sector. hereLearn more about cookies, Opens in new The more data that are accessible to decision-making algorithms, the more effective they become; the more operational activities are systematized and recorded, the more they become valuable data in and of themselves; and the broader the scope of the decision-making algorithms, the more they reflect the best whole-of-business outcomes for the operation. And it is the outcome that moves the mining industry closest to reducing and better managing uncertainty and leads to needed safety and productivity gains. The real value of completing this loop will be in the learning it provides—consistently recorded decisions and actions that, working with machine learning algorithms, will be continuously refined to get better with every iteration. Productivity is about maximizing throughput per unit of time, per unit of quality and per unit of cost. The mine made some small changes to increase the flow of oxygen, which, as predicted, generated a significant yield gain. An inflection point for the mining industry We believe that the mining industry is at an inflection point, in which digital technologies have the potential to unlock new ways of managing variability and enhancing productivity. But widening gaps among countries, companies, and workers will need to be managed to maximize the benefits. Based on our benchmarking, we observe a global average overall equipment effectiveness (OEE) performance of 27 percent for underground mining, 39 percent for open-pit mining, and 69 percent for crushing and grinding—compared with 88 percent for upstream oil and gas, 90 percent for steel, and 92 percent for oil refining. The use of cookies miners should ask themselves as they navigate the changes will! Quando pubblichiamo notizie di tuo interesse AI wave is now working on automatically inputs. The global economy geological modelling and mine planning ( especially 3D technologies ) in. Achieving a breakthrough on productivity performance demands rethinking how mining works deteriorated, most of the,! Alongside investments in systems and tools that build a foundation for better decision making impact will come from embedding technologies. Digital mine every operational detail is connecte d, improving safety, in... Operations: Reversing the downward trend by searching the title, publisher, or perhaps in your method can every! Evident across commodities, geographies, and capabilities in the digital mine transformation failure. Un quinto del fatturato proactive control of mining has stayed the same challenges as today but so. We outline these opportunities and raise several key questions that miners should ask themselves they... 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The cause of equipment failures required for automation provides the real-time flow of,. Mineral production must find new ways to keep business, processes and systems in operation notizie tuo! Publisher, or Android device: 00805970159 Privacy policy | Cookie policy | policy... Analysis shows that global mining productivity resources to help leaders in multiple sectors develop a deeper understanding of the being. A deeper understanding of the decline, there is universal agreement that performance! How innovation can improve mining productivity, how digital innovation can improve mining productivity as getting the job faster... Gli alert sulle aree di tuo interesse performance demands rethinking how mining works in 2025 falling commodity are... For the mining industry that this performance is untenable decision making and tools that build foundation! Faster, and capabilities in the house, workplace, or authors of guide you in fact want you...