Future Of Mining > Investment

Technology in mining: applying a value lens to investment decisions

Technology has captured the imaginations of mining executives with its promise to help companies enhance key operations. Who can argue that it’s far safer to automate haul trucks, significantly reducing the number of people exposed to risks inherent in mining operations?

Matthew Leach and Marc Schmidt*

Future Of Mining > Investment

Technology in mining: applying a value lens to investment decisions

Technology has captured the imaginations of mining executives with its promise to help companies enhance key operations. Who can argue that it’s far safer to automate haul trucks, significantly reducing the number of people exposed to risks inherent in mining operations?

Matthew Leach and Marc Schmidt*

Technology in mining: applying a value lens to investment decisions

Other benefits are obvious too: reduced labour costs and greater fleet utilisation, which decreases the number of trucks required. There are second-order benefits as well. For instance, fewer people required on site means smaller camps and a smaller logistics tail, a greater ability to ramp up operations fast without having to train people and ramp down without having to carry or reduce the workforce, and more time for managers to focus on operations instead of people issues.