Health and safety are always a business imperative for the mining industry. Advancements in technology are enabling the industry to ensure the complete safety of both workers and assets. With a holistic approach that combines innovation and the application of digital technologies, mining companies can transform hazardous, dangerous operations to create safer and prosperous mines.
A report by Reportlinker.com reveals that the global mining market is estimated to grow from $1843.33 billion in 2021 to $2064.72 billion in 2022 at a CAGR of 12 percent and to $3358.82 billion in 2026 at a CAGR of 12.9 percent.
What fuels this growth is the latest wave of digital technologies fundamentally changing the mining industry for the better.
For example, short-interval geolocation tools are playing a major role in enhancing the safety of both open-pit and underground operations. These tools help companies connect workers to a central operations hub in real-time and share updates about their operations so that they can receive assistance instantly whenever needed. Geolocation devices in smartphones and wearables also help workers identify their location within the proximity of hazardous work sites.
Using smartphone apps, mine operators can now monitor the performance of the equipment in real time from anywhere, preventing malfunction and related hazards. They are also leveraging predictive analytics to extend the lifetime of the machines and ensure workers’ safety.
This edition of Metals & Mining Review highlights the key developments in the space and how companies are capitalizing on them to deliver robust tech solutions. We have curated thought leadership articles from industry experts, including President & COO, United States Of America, Drummond Company, Chief Commercial Officer at Ecobat, and CEO and President at Sigma Electric Manufacturing Corporation.
We also took a deep dive into the market trends to narrow down the list of companies delivering robust mining safety tech solutions. Equipped with innovative technological capabilities, these enlisted companies, including Motorola Solutions, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Metals & Mining Review on mining safety will help you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!
