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Challenges and applications of digital technology in the mineral industry

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  • Onifade, Moshood
  • Adebisi, John Adetunji
  • Shivute, Amtenge Penda
  • Genc, Bekir

Abstract

The mining industry's value chain is gradually changing in order to manage current assets more effectively and boost production. The nature of mining has not changed much over the years, despite the industry's ups and downs. Rethinking how the mining industry functions is necessary for a breakthrough in efficiency and performance. In light of the significant obstacles that digital transformation must overcome to be successfully implemented in dangerous mine environments, an overview of the significance of digital transformation in the mineral industry with a focus on improved safety, productivity, environmental sustainability, and reduced mining accidents is reviewed. The application of digital technology indicates that technological innovations have improved the productivity of mines because processes are optimized and human error is reduced. This paper has demonstrated that there is a concrete history of technological and digital advancements that, whether on purpose or not, correlate with elements of the 4th industrial revolution and have been effectively applied in discrete domains within the mineral industry. A gap between what can still be done and how it should be done to ensure a sustainable supply of minerals is also revealed by these developments. Overall, this paper identifies various improvement that has taken place over the years in the mining industry that assisted to reduce hazards and risks in working areas due to technological advancement.

Suggested Citation

  • Onifade, Moshood & Adebisi, John Adetunji & Shivute, Amtenge Penda & Genc, Bekir, 2023. "Challenges and applications of digital technology in the mineral industry," Resources Policy, Elsevier, vol. 85(PB).
    • Handle: RePEc:eee:jrpoli:v:85:y:2023:i:pb:s030142072300689x
    DOI: 10.1016/j.resourpol.2023.103978
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    References listed on IDEAS

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    1. Joaquin Vespignani & Russell Smyth, 2024. "Artificial intelligence investments reduce risks to critical mineral supply," Nature Communications, Nature, vol. 15(1), pages 1-11, December.
    2. Uz Zaman, Qamar & Zhao, Yuhuan & Zaman, Shah & Batool, Kiran & Nasir, Rabiya, 2024. "Reviewing energy efficiency and environmental consciousness in the minerals industry Amidst digital transition: A comprehensive review," Resources Policy, Elsevier, vol. 91(C).
    3. Zhaozhi Wang & Shoufu Lin & Yang Chen & Oleksii Lyulyov & Tetyana Pimonenko, 2024. "The Digital Economy and Real Economy: The Dynamic Interaction Effect and the Coupling Coordination Degree," Sustainability, MDPI, vol. 16(13), pages 1-20, July.
    4. Yi, Chongyan & Ma, Hong chao & Zhao, Kexu, 2024. "Impacts of digital economic transformation and green growth on trade flows of mineral resources," Resources Policy, Elsevier, vol. 90(C).
    5. Hu, Xiaofeng, 2024. "Studying the relationship between financial accounting and mineral wealth management," Resources Policy, Elsevier, vol. 90(C).
    6. Dayo-Olupona, Oluwatobi & Genc, Bekir & Celik, Turgay & Bada, Samson, 2023. "Adoptable approaches to predictive maintenance in mining industry: An overview," Resources Policy, Elsevier, vol. 86(PA).
    7. Zhou, Xiaoxiao & Zhao, Yongan & Zhao, Xin & Xu, Junwei & Smutka, Luboš & Bilan, Yuriy, 2024. "Mineral resource drivers in the global south: A case study of Australia," Resources Policy, Elsevier, vol. 92(C).

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