Over the past decade, mining productivity as measured by MPI has declined 3.5% per year. Mining companies are 28% less efficient today than they were ten years ago, and, there is a productivity decline in commodities such as copper, iron ore, coal, and platinum group metals, across most mining players, and all major mining geographies.
With the collapse in mining profitability over the past three years, the industry is seeking once more to raise productivity, and is on the look-out for the next breakthrough to increase process efficiency and safety. In mining, the excavator sets the pace for the process.
Therefore, optimizing its activity can save time, lower costs, and add an additional layer of safety. In a mining site, INTSITE’s solution lowers fuel costs thanks to trajectory optimization, decreases machine downtime and enables 24/7 operation. Data gathered from the mining site creates a database of site progress and the efficiency of its machinery, enabling awareness of unexpected delays and efficiency improvement in the project. Most importantly, data-driven decisions can be taken to solve these cases and eliminate future ones.
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