Charles Nyabeze, CEMI: Miners Need to Better Utilize Data

TL;DR

The Center for Excellence in Mining Innovation is driving innovation in the mining industry, reshaping the space through safer practices, faster operations, and improved data utilization.

Transcript

hello I'm George Williams with the investing news network and I'm here today with Charles Knight as a vice president of business development for the center of excellence in mining innovation hello Charles hello judge are you I'm getting yourself very well are you enjoying the conference Oh amazing conference learning so much I'm so much smarter now... Read More

Key Insights

• 🖐️ The Center for Excellence in Mining Innovation plays a crucial role in driving innovation and distributing new technologies in the mining industry.
• 🥺 Innovation has led to safer mining practices, faster operations, and improved data utilization.
• ⛓️ Blockchain and the Internet of Things are reshaping the mining industry by connecting previously unconnected aspects and introducing trust in the supply chain.
• 👱 Liquid-air technology is an exciting innovation in the mining industry that can reduce costs and improve efficiency.
• 🤩 Data utilization is a key focus moving forward, with the goal of extracting more value from operations and reducing costs.

Questions & Answers

Q: What is the role of the Center for Excellence in Mining Innovation?

The Center identifies and distributes innovations for the mining industry, with a specific focus on underground mining. They collaborate with solution providers to implement new technologies and improve efficiency in the industry.

Q: How has innovation reshaped the mining industry?

Innovation has led to safer mining practices, allowing miners to reach ore deposits faster and extract them more efficiently. Data utilization has also improved, leading to increased productivity and reduced costs.

Q: How is blockchain and the Internet of Things impacting the mining space?

The Internet of Things is connecting previously unconnected aspects of the mining industry, leading to greater efficiency and improved data collection. Blockchain technology introduces trust and transparency to the supply chain, ensuring accurate information flow in the mining sector.

Q: What mining innovation is particularly exciting?

Liquid-air technology is one of the most exciting innovations, as it allows for cooling of mines while also extracting energy to power equipment. This technology has the potential to significantly reduce mining costs.

Summary & Key Takeaways

• The Center for Excellence in Mining Innovation distributes new innovations to the mining industry, focusing on underground mining.

• Innovation has improved safety, speed, and data utilization in the mining industry.

• The Center is combatting the misconception that mining is anti-innovation by promoting the use of mechanized and electric equipment, as well as the adoption of data utilization.