Upcoming turnaround in mining stocks
The price of no asset can move up or down in a straight line, so why should mining stocks be any different? When will the turnaround take place? It depends.
The price of no asset can move up or down in a straight line, so why should mining stocks be any different? When will the turnaround take place? It depends.
The roll out of automation and artificial intelligence is having a profound impact upon job roles and responsibilities in the mining industry. New tech experienced professionals, many without a background in mining, need to be hired, and existing workers need to transition to roles that will get the most out of the tools. Edumine and Careermine, global mining talent recruitment and development solution providers, are leading the dialogue around this major organizational change and have created a series of whitepapers on how leaders are getting their organizations to embrace technology and its impact on people: 1. Goldcorp plans to use artificial intelligence to choose what holes to drill at its Red Lake Mine in Ontario. The technology will even be used to assess what juniors to acquire and give Goldcorp a competitive advantage. 2. Barrick Gold's head of digital planning will tell you how their company is putting data at the heart of the business by getting its staff to break data out of silos and put it in the cloud where it can be shared and modelled by the entire organization. 3. Learn how companies are using artificial intelligence to model geological data and make faster and better exploration decisions. 4. Read an open letter to Millennials telling them why mining is one of the most exciting fields to choose. Millennials can make an impactful and profound change while leading the digital revolution within mining and also make the industry more sustainable. Digital transformation is happening now as the industry works to drive productivity and profitability. Mining leaders are not only transitioning their staff to new roles, but they are also actively hiring new talent, such as software developers and data scientists. At the industry hiring site Careermine, there are six new postings for data scientists and over 70 postings for automation development, all posted in the past month. "We are seeing a marked increase in jobs that require some artificial intelligence or automation-specific skills," says Johann Robertson, division leader at Careermine. Robertson noted some recent examples: Rio Tinto is looking for a remote operations controller, Caterpillar would like to hire an automation engineer, and ERM needs data scientists. To onboard younger professionals who may not be familiar with the mining industry or develop current staff, companies like Rio Tinto, Newmont, and Kinross have set up online campuses through Edumine, a professional training provider. Courses range from beginner subjects like Mining 101 to advanced topics such as tailings management. The future is intelligent. Learn how to lead your organization and create a digital transformation. Edumine Edumine, a division of Glacier Media Mining Group, is the world's leading provider of training and education to the mining industry. They offer individuals, corporations, and educators effective solutions based on their training, continuing education, and professional development needs. Edumine offers courses in three formats: convenient distance learning through self-paced online courses, interactive live webcasts, and traditional face-to-face short courses. Edumine passionately believes that training is a key enabler to a sustainable mining industry. They listen to clients and work with them to develop tailored training and education solutions, leveraging strong relationships with universities, other training providers, and technology partners when required. Careermine Careermine, a division of Glacier Media Mining Group, provides the ideal platform for job seekers to find employment opportunities and interact with companies and recruiters who are hiring. Companies in the mining industry can showcase their employment opportunities, company profile, and career paths for both graduates and those already working in the industry. Glacier Media Glacier Media Inc. is an information and marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. Glacier’s strategy is implemented through two operational areas: content and marketing solutions; and data, analytics, and intelligence.
With a Life Cycle Services maintenance contract, the mine also experienced growth in the mechanical availability of its crushing process, with improvements of 0.6% on crushing line 1 and a increased availability of 2.1% on line 2. The improvements were achieved with zero accidents. Due to these achievements, Anglo American gave Metso the following award: “Commitment to Zero Harm and Living the Anglo American Way 2017”
The uncertain and volatile economy and retrenchments is forcing qualified engineers and technicians to start their own businesses giving rise to the emergence of one-man businesses. Customers are constantly looking for ways to reduce energy bills and with compressors responsible for up to 70% of a plant’s energy consumption Atlas Copco assists customers with optimising their energy use.
The miner's autonomous haulage system (AHS) fleet has already moved over one billion tonnes of ore and waste material within the Pilbara region of Western Australia.
Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.
Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce a R6-million, three-year partnership with the University of the Witwatersrand (Wits University) to further the academic knowledge of mechanised mining and rock engineering in South Africa.
Although there have been small gains in coal output and hiring this year, driven by foreign demand, production levels remain near lows hit in 1978.
Women are building influence in the NI construction sector and CDE is determined to support them in this endeavour.
ALTA are pleased to announce a focussed one-day ISR Symposium, organised in cooperation with CSIRO Minerals, will be included in ALTA 2018.