Mining 4.0

Industrial production processes and innovations cannot do without economically strategic raw materials. To secure the supply of raw materials in Europe and achieve greater independence, the promotion of autonomous mining is essential. This is still in its infancy, but many trials show the potential. To advance technologies, many have become involved. For example, NASA with its annual "NASA Robotic Mining Competition," Rio Tinto with its "Mine of the future project," or BHP Billiton’s "Next Generation Mining Project." Productivity and employee safety are the focus, as is the most effective network communication possible. Driverless trucks and trains or remote-controlled drills will increasingly become part of mining.

One goal is also to reduce costs through new technologies and also the important aspect of resource efficiency. Overall, processes are to be automated and optimized. More precise mining will then lead to less overburden and lower energy consumption. In the future, it may even be possible to mine raw material resources that are technically or economically unfeasible today. Artificial intelligence will also play a major role here, as it is just as important as sophisticated sensor technology for autonomous end devices. Mining 4.0 will also be a major topic at the world’s leading trade fair for construction machinery (Bauma) in Munich in the fall of 2022. Mining of the future will also address environmental impact and social acceptance.

Already today, many mining companies attach importance to the social and economic compatibility of their projects, such as GCM Mining – https://www.youtube.com/watch?v=Cygvde0ucEA – with its Segovia operation in Colombia. The company pays a monthly dividend and produced almost 50,000 ounces of gold, nearly 90,000 ounces of silver, and zinc and lead in the first quarter of 2022.

Tier One Silver – https://www.youtube.com/watch?v=ehXXANrBHsQ – also implements responsible and sustainable development practices in its environmental and community engagement projects. Tier One Silver operates the Curibaya project in Peru, which contains silver and gold.

Latest corporate information and press releases from GCM Mining (- https://www.resource-capital.ch/en/companies/gcm-mining-corp/ -) and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -).

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