PDAC 2014: Digital investment poised to transform mining sector, survey shows

Financial Post | Business

Miners are starting to spend big bucks on digital technology that could boost productivity and transform the old ways of doing business in this industry, according to a new survey from Accenture.

Mining is different from many businesses in that a lot of the core exploration, mining and processing technologies have not changed in literally decades. And yet the trade show at the PDAC conference is full of various entrepreneurs showing off devices and processes that they claim are revolutionizing how quickly and efficiently things can be done, whether it be analyzing drill results or locating employees underground.

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Digital technology is now being implemented at a rapid rate. In the survey of 40 medium and large mining companies, one quarter of executives said their digital investment has doubled or more over the last three years. Nearly all of them said they will boost their digital investment over theā€¦

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