Faced with falling revenue and profits, the mining industry has turned to technology changes driven by today's communications revolution to grow their future business.
For almost a decade, companies which made money out of digging for coal, iron ore, diamonds, gold and other commodities have tumbled from their position as $1.8 trillion market value leaders to investment losers, simply treading water to stay afloat. Basically, demand dropped sharply, commodities prices slid, investors withdrew, while operating costs remained high.
Clearly, pricing and demand remain outside the control of mining companies. But the industrial problems they face also present opportunities to reduce risk and take control of future business. This paper summarises the challenges this industry faces, describes solutions already implemented, and validates the critical role that communications will play, in the mines of the future.
Find out about:
- Deep Fault Lines - Industry Challenges
- Prospecting for New Solutions
- Developing the Mine of the Future Today
- Communications Now, and in the Mine of the Future
- Mining Wireless Broadband
- Bringing the Revolution Down to Earth
- Where to From Here?