Deloitte's Top 10 Mining Trends for 2018

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As PDAC rolls into Toronto, Deloitte opines on the top 10 mining trends for 2018. Number 1?  Using insights from data to innovate. Here are the top 5:

1. Using insights from data to innovate. Using data to optimize production, increase efficiency, and reduce costs is now not optional - it is table stakes. Cory Takenaka of Teck Resources measured idle time in seconds as part of a project at Line Creek mine. His idle time analysis and operational improvements led to a 15% increase in fleet efficiency, saving millions of dollars. Because of the scale of mining operations, shaving seconds or pennies off a cycle with improved data analysis can save millions of dollars in mine operation costs.

2. Driving towards innovation maturity. This mostly has to do with making innovation a part of longer-term strategy, not just a one-off driver of short-term results.

3. The fight for digital talent. The digital mine is becoming a reality. New skills are required, from understanding robotics to using social tools to managing culture across generations. How will your mining company rebrand and re-skill to become a digital mine?

4. Changing public and customer perceptions. Mining companies need to rebuild trust with customers and with governments, starting with more transparency about initiatives AND results in the areas of environmental responsibility and workforce practices.

5. Transforming stakeholder relationships. This seemed quite related to item #4 to us, but Deloitte added the need to consult with local communities and create a sense of shared value. That would certainly build engagement and trust over time.

Blutip's SmartRView sensor and analytics package can help you identify opportunities for operational improvements, from knowing which trucks to retire to which fuel additives to buy. Are you at PDAC, looking for inspiration and innovation? We have it, and Stephen Edwards is buying the coffee. If you'd like to hear more about how we can save 4-5% of your fuel costs and give you better data for operational decision-making with our cost-effective IIOT sensor and reporting package, just send Stephen an email at sedwards@blutipower.com.  See you at the show!