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02/02/ · Improving Exploration Targets – Goldcorp and IBM Watson It is not just startup companies looking at using AI in mineral exploration. Earlier this year mining giant Goldcorp teamed up with IBM Watson to comb through a vast quantity of geological information to find better targets. Goldcorp is one of the largest gold mining companies in the pilotenkueche.deted Reading Time: 12 mins. Using Big Data and AI for Smarter Mineral Exploration. is based on the exploration roundtable: How big data can lead to big new discoveries. which took place at the Progressive Mine Forum in Toronto, Canada. The one-day mining and exploration innovation event was organized by. The Northern Miner, with the support of IBM and other pilotenkueche.de Size: 1MB. The potential benefits of AI in mineral exploration are staggeringly large, yet its application is far from simple. In mineral deposit targeting, explorers are trying to identify the location of ore deposits at the core of a very complex system. Australian startup Earth AI develops AI-based mining exploration algorithms. With the assistance of machine learning techniques, the startup identifies mineral deposits in greenfield sites. Besides, drones collect geophysical data which enables autonomous drilling, .
Many of us would assume that advances in robotics, automation, artificial intelligence AI and machine learning would have been driven by the mining industry, due to the remote mine sites, the hazardous nature of the work and the high costs of labour and transport. However, it is the manufacturing sector that has spearheaded most of the technological developments, but it is now the mining sector that is now taking advantage of those proven technologies to help boost its recovery after a significant downturn.
Mining is a complex and fluctuating industry, that is fraught with uncertainty around resource pricing, unpredictable resource fields and major projects that need to be managed right through their lifecycle. Controlling costs for mineral exploration, construction and operation right through to project completion is a monumental challenge, but if the financial elements are managed well, it can help mining companies to be both competitive and profitable.
The key to increasing profits is knowing the precise time to increase production when there is strong demand using resource planning, improving the reliability of machinery with predictive and condition-based maintenance monitoring, delivering clarity with precise financial and operational reporting and at the same time providing actionable insights using real-time data extracted from every part of the organisation.
With huge footprints in remote locations, diverse labour forces and complex and time-consuming projects, mining companies are using enterprise resource planning ERP systems as the technology backbone to their businesses. If the Australian mining sector is going to continue its widely reported recovery in the wake of the mining industry downturn, using advanced technologies like robotics, integrated with artificial intelligence and machine learning to improve efficiency and productivity is crucial to increasing profitability.
Even modest improvements in yields, speed and efficiency through machine learning can make a significant impact on profits. The mining industry is uniquely positioned to take its place as a major driver of the Australian economy again. Those financially or emotionally invested in the mining industry are keen to see the multitude of planned mining projects and developments come to fruition as they will ultimately become the Australian mines of the future; a boost to exports as well as jobs.
AI is leading to earlier identification for mining companies, which can eliminate time and money spent on wasted exploration as well as increasing discovery potential. The latest mineral exploration technologies have led to more efficient and targeted drilling campaigns, as well as world class discoveries. With a vast amount of new technologies emerging over the last 10 years including autonomous vehicles, trains, aircraft and even autonomous mines, the mining sector has leapt ahead with a raft of technologies now available to make mining more efficient, safer and autonomous.
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Advances in artificial intelligence and machine learning have the potential to control the costs of exploratory drilling and make worksites more efficient. Exploratory drilling is a necessary but costly expense for mining companies. While finding new drilling targets is essential to keep operations profitable, it can be resource-intensive to dig imprecisely. As the market becomes more and more competitive, companies are turning to emerging technology to make exploratory drilling more accurate and informed.
For mining companies willing to integrate AI and machine learning into their tech stack, the ability to analyze vast stores of historical data can be a game-changer. However, as decision-makers consider how this strategy can benefit their business, they should also be considering what other products they can invest in to keep their worksite infrastructure in optimal condition — such as dust control for haul and access roads.
Mining companies will face a number of critical challenges in the years to come. As demand for metals increases, stakeholders need to identify new deposits in order to meet market needs. However, new deposits are likely to be deeper and more difficult to access than many of the targets already being mined. AI and machine learning will enable mining companies to use historical data in an entirely new way, enabling decision-makers to process information generated by years of exploration and decide where and how to drill next with data-driven insights.
For its part, GoldSpot will process decades of information from the site with its AI and machine learning software. To do so, GoldSpot leverages experience in geoscience and machine science. This information may well yield critical insights that can turn raw data into cost-effective exploratory strategies.
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Artificial Intelligence AI is making waves by disrupting almost every aspect of our lives, business and industry, and mining is no exception. Miners, service providers, and equipment manufacturers from across the mining value chain have leveraged AI to provide step changes in process safety, performance and efficiency. The most common family of techniques used for AI is machine learning, which is often used either to assist humans or to fully automate repetitive tasks.
For example, Caterpillar integrates AI to support machine vision in haul trucks, which improves safety by automatically identifying obstacles, and increases productivity by supporting autonomous operations. The process of training a truck to identify objects in images requires thousands of labelled images that are used to tune the AI, which in this case, is based on a deep learning algorithm.
This deep learning algorithm mimics the human brain to identify objects based on its experience. Newcrest Mining has integrated AI to assist operation of a mineral processing flotation plant by providing real-time insight into plant efficiency and the onset of failures. This insight is generated using a model, which in some cases is referred to as a digital twin, of the plant.
Here, productivity improvements are achieved as AI processes large amounts of data and compares it to past good performance, alerting the operators when divergence occurs. In real-time, the model provides insight into equipment behaviour that is difficult for humans to identify and interpret. This in-time intervention allows the operators to handle complex plant operations over long shifts in sometimes harsh environments.
Integrating AI can provide a step change in operational performance, so companies want to understand how they can get started. To get started and gain business support, it is important to choose a problem that offers large production value if it can be fully or partially automated.
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The oil and gas industry is usually divided into three major operational sectors: upstream, midstream, and downstream. Upstream involves the exploration and production of oil and natural gas. Midstream usually refers to transportation and storage stages. Downstream encompasses the various processes involved in refining and selling oil. The increasing demand for oil and gas makes the discovery of new oil fields a high priority need for companies in this space.
We previously covered the applications of AI in the oil and gas sector. We researched the space to better understand where AI comes into play at the upstream level of the oil and gas indus try and to answer the following questions:. This report covers vendors offering software across the following applications:. In the production stage, oil and gas companies need to store crude and refined oil in large tanks and transport it through pipelines.
Corrosion by crude oil is a common risk for equipment failures in the oil and gas industry. Crude oil from oil fields usually varies in its chemical compositions and the corrosiveness of the crude also depends on the environment it is stored in. Traditionally in the oil and gas industry corrosion engineers have learned what solution to design to prevent corrosion based on the properties of the crude and the storage area.
What this means in real-business terms is that oil and gas firms have not had the best process to capture and transfer the knowledge from veteran engineers in a repeatable manner. Digitizing this knowledge and delivering maintenance insights to new engineers might now be possible with AI.
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Note: Search is limited to the most recent articles. To access earlier articles, click Advanced Search and set an earlier date range. Please enter the email address that you used to subscribe on Mining Weekly. Your password will be sent to this address. By: Mariaan Webb 6th August The delivery of the feasibility study for the Gramalote joint venture JV project has been delayed to the second quarter of next year, while the budget for the study has increased.
Project partner B2Gold says the completion of the study has been pushed out from the first quarter to the second
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Artificial Intelligence, Machine Learning, Big Data, Cloud Computing, IoT, 4th Industrial Revolution. These terms are what is defining the way most industries are progressing, let I say the world. The mining industry has been using AI and machine learning for some time already. With the huge volumes of data generated by any single mine site, machine learning can now be generated to optimize production workflows, operation efficiency and not to mention mine safety.
Case studies are only the start of our understanding of the value to be derived from machine learning prediction and artificial intelligence. Machine learning through CNN Convolutional Neural Network can be utilized to increase the validity of data being captured underground. This is just one-way mining companies will be able to run a smarter mine. Every mine is talking about AI and automation, where a decade ago, this was nothing but small talk amongst some forward-thinking executives.
Now AI is a topic that is spoken with serious intention. Currently, many mining operations are using sensors in their equipment, machine learning algorithms will be analyzing this data in real-time much quicker, giving the mine the ability to make decisions quicker and identify issues with more accuracy. There is less chance of something going wrong, and there is an increase in production efficiency, which means more profit at the end of the day.
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Future remains golden for Rox Resources. Cashed-up Karora is doubling gold production at a blistering pace. Zinc-lead discovery helps Zenith double market cap. Mining and the lack of external investment. Liv Carroll, a highly regarded geologist who now works out of Accenture’s London office as the group’s senior digital mining principal, told a PDAC gathering in Toronto she didn’t think the.
Dig even deeper with a premium subscription for access to annual reports from the Mining Journal Intelligence department. How to build a data strategy to accelerate AI. Machine learning finds new targets at Committee Bay. Windfall Geotek bringing AI to exploration. Mintech ‚quant shop‘ ready to trade. East Tennant drilling produces ’stunning‘ initial results.
Rallying cry for Europe’s miners. NV Gold and Goldspot to search for gold in Nevada. Exploration innovators offer view of the future.
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That’s exactly why we created TERRA, our AI platform for mineral exploration. With TERRA, users can standardize their mining and exploration data to ensure interoperability, enabling them to find, share and use that data for more sophisticated analytics by either a human or . One immediate application of AI in mining is during the prospecting phase, especially for discovering deposits. For example, Goldspot Discoveries Inc. uses artificial intelligence for improving mineral exploration. The current practice of finding gold deposits is more an art than a science, thus Goldspot Discoveries Inc. intends to change that.
Mining is a global industry that is fundamental to every product we use. A vital component of the mining industry is efficiency because most of the production revolves around transforming matter into different forms. It is often the case that small improvements in execution speed, process efficiency, or reduced downtimes separate a profitable operation from a complete failure.
Nowadays, artificial intelligence is readily available in many of the products and services we use. Furthermore, cloud computing matured, hardware prices decreased, and machine to machine communication improved leading to unexpected advances in mining and industrial technology. Add the latest advances in analytics and artificial intelligence to the mix, and you get the perfect environment for improving efficiency in all areas of a mining operation.
In short, systems powered by artificial intelligence use different algorithms to organise and understand vast amounts of data with the purpose of creating of making optimal decisions. One immediate application of AI in mining is during the prospecting phase, especially for discovering deposits. For example, Goldspot Discoveries Inc. The current practice of finding gold deposits is more an art than a science, thus Goldspot Discoveries Inc.