Mining companies are now relying on artificial intelligence in trying to resolve some of the challenges that plague mining operations. This comes after a number of artificial intelligence (“AI”) companies have availed several technologies that can help in addressing the longstanding problems of the mining industry. This technology is essential as it is helping the companies reduce their operational costs.
Several mining companies are now thriving, courtesy of artificial intelligence. However, the decrease in the quality of the minerals ores is leading companies to consider using technology to remedy the situation. For example, the use of technologies from Intellisense.io, an AI startup, is helping companies to fully exploit minerals from their already owned mines than spending a lot of cash trying to explore other potential mining sites.
Artificial intelligence can also be applied in other mining procedures, such as pumping water and drilling mines. The software can also be used in testing other mining configurations without necessarily altering the mines and incurring additional extra costs.
Other technologies have also been created by Intellisense.io, which will apply artificial intelligence in managing the entire mine. The technology is set to optimize all the operations from a single point, and it will be capable of handling more than six mines at a go. For example, it will be monitoring the pumping of the ore as well as tracking the stockpile.
Additionally, artificial intelligence will help in monitoring all the mining procedures remotely. It will also have the capability of alerting and evacuating workers from dangerous underground mining pits before danger strikes.
The use of AI will also be employed in the mining of coal and gold in Australia and Russia, respectively. The company’s artificial intelligence will play a role in adjusting the milling process using virtual sensors’ information. The technology will bring a sigh of relief to mining engineers as they will now focus on long term plans to improve the whole mining process.
Artificial intelligence has also helped mining companies learn more about the terrain they are operating in. The use of this technology will fully give a clear map of the area you are operating on, and the AI can help prevent mining errors, saving the company from losing billions of dollars when mining in the wrong places. Besides, it can also be used to identify new mines and valuable minerals to drill and mine. Therefore, by making good use of the available AI, mines can become like offices where your presence won’t be needed frequently.
Industry watchers wonder to what extent mining companies like Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are making use of AI in their operations.
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