has challenged the perception that the mining industry is resistant to change and disruption from technological advancements, noting several technologies that were poised to fundamentally change the way mining organisations operate in future.
He noted several areas of technological advancement that would herald major disruptions for the mining industry and encouraged delegates to see the benefits thereof.Mining operations often operate in remote areas, which means that the ability to manufacture spares on-site has numerous benefits, the first being that mining companies do not have to carry stock of numerous spares. Rather, they can simply print what they need when needed.
“We need to consider how to establish it. It becomes incredibly expensive because these networks need to be both capable and redundant. People's lives, in some respects, will depend on it.” However, Fenn believed that if all of that information could be ingested and interrogated when required, it would substantially cut the time needed to address certain concerns.However, a limitation of AI currently is that it does not yet have the ability to retain and translate tacit knowledge not found in policies and procedures. This type of knowledge is based on personal experiences, intuition, and insights gained over time and is often deeply ingrained in workers’ collective expertise.
He added that blockchain provided the possibility to decentralise decision-making and ensure that all decisions being made were recorded in a way that could not be changed.
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