Connect with us

E-Business

How Digital Solutions are Driving Cost Savings for the Mining Industry

Published

on

Kindly share this post

By Kevin Shikoluk

Mining operations everywhere are experiencing constant profitability pressures from two directions: continued commodity pricing volatility and global demand variability. Africa-based miners are no exception.

These dynamics have caused mining companies to re-evaluate business models and seek smarter, more efficient modes of operation that focus on sustainable cost management practices and improved productivity.

The mining sector isn’t unique in this regard. Many of the world’s leading industries—manufacturing, oil and gas, healthcare, and others—have also recognised this need for change. While the exact improvements vary from industry to industry, the path to transformation is similar: an emphasis on improvements at both the asset and process levels through the application of leading-edge digital technologies across the Industrial Internet value chain.

By harnessing the combined power of machine sensors, edge-to-cloud connectivity, advanced data capture, and powerful analytics, the Industrial Internet can deliver deeper insight into mining operations than ever before.

These insights can then be used to drive intelligent recommendations for improvement—from asset lifecycle management to condition-based, prescriptive maintenance programs and strategies to optimize performance within the plant. This approach has already yielded breakthroughs in improved efficiency, increased asset availability, and optimised processes in many other industries and there’s a growing track record of success in mining.

Condition-based maintenance can help reduce total maintenance costs by guiding the timing of maintenance, avoiding over-maintenance when not needed, and triggering maintenance sooner than might have been scheduled, ultimately avoiding expensive repairs from a more serious failure.

Even switching to usage-based predictive maintenance can help lower maintenance costs by avoiding performing unneeded maintenance on idle or lightly-used assets.

The incremental cost to instrument a critical asset is dropping rapidly thanks to the introduction of digital solutions within the mining space.  Asset Performance Management, for example, can make a significant impact by giving real time visibility and actionable insights around the data that is captured within the mining operation.

This data from smart connected devices allows for much more precise and focused service that not only increases asset availability, but also reduces overall maintenance costs.

The power of vertical integration

The real power of these connected technologies, however, is the leverage they provide when integrated vertically across the mine.

For example, Wabtec worked with a South African operator to deploy a collision awareness system on a contractor’s fleet at their above ground mining operation. This in itself is not unique as many companies across South Africa are doing the same in order to comply with safety legislation.

What’s unique in this case is that the customer is using other solutions within Wabtec’s Digital Mine portfolio to help solve another problem: ensuring consistent feed grade of ore into the concentrator.

In this particular case, downstream processing was impacted due to the varying ore grade quality.  Leveraging solutions from our Collision Awareness portfolio as well as Operations Performance Management technologies help operators blend the ore to get a consistent feed grade into the concentrator downstream.

For miners, controlling these sources of variability is ultimately the key to improving throughput and metal recovery.

Vertically integrated digital solutions are only scratching the surface of what’s possible. As this example also shows, mining companies in South Africa are actively embracing these solutions, and in doing so, are at the forefront of transforming themselves into fully fledged digital mines.

Embracing transformation

To take full advantage of the promise of the Industrial Internet, mining companies must develop an overall strategy that includes a full assessment of the continuously evolving ecosystem of solutions that will help them reach their goals.

It can seem like a daunting prospect, but by working with knowledgeable and experienced partners, the digital transformation process can be manageable and affordable to deliver exponential cost saving and productivity benefits.

At Wabtec we’ve learned that in order to make the transition to a digital mine, operators require support in multiple capacities. One of the ways we’ve been successful in assisting mining operators is by leveraging robust monitoring capabilities around the globe to better understand their operations.

Working from high-tech hubs around the world, we can monitor customer operators’ assets and operations with sophisticated software. When the software flags anomalies that require action, we work with our mining customers to drive the required action.

We also monitor ongoing processes on behalf of customer operators. This means, for example, that Wabtec’s Digital Mine can make sure control loops are finely tuned to optimizing ore grade recovery as a collective mine site.

As a result, operators are able to advance from being completely reactive to being on the front foot of taking a proactive stance and defining how they want to work based on data-based decisions.

The change management aspects of this process should not be underestimated. But in our experience, it’s eminently achievable and ultimately rewarding.

Those in the mining industry who embrace this need for industrial transformation sooner will have a distinct advantage over competitors who choose to delay their journey to modernisation and digitisation.

 

Kevin Shikoluk is Global Strategic Product & Marketing Leader, Digital Mine at Wabtec Corporation


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Continue Reading
Advertisement
Comments

E-Business

Kaduna, Google Launch First AI Training in Hausa Language

Published

on

Kindly share this post

Kaduna State Government, in partnership with Google and Data Science Nigeria (DSN), introduced the inaugural “AI for Beginners in Hausa,” marking the first instance of artificial intelligence (AI) training in a local language.

In Northern Nigeria, various challenges can impact access to tech education and career opportunities. These include diverse socio-cultural dynamics, infrastructural limitations, and language barriers. Photo: @Gov Uba Sani X handle

Sen. Uba Sani, Kaduna State governor, expressed profound gratitude to the partners for building support for women to use technology in harnessing the socio- economic development of the state and the country as a whole.

Represented by Dr Hadiza Balarabe, deputy governor, at the launch of Arewa Ladies for Tech and the mural unveiling of the AI for Beginners Learning Video series, Sani, said AI is not just the future; it’s the present.

According to him, Google pledged a $1.5 million grant to empower 20,000 Nigerian women and youths from underserved communities with essential 21st-century skills. This includes a plan to train 5,000 women and girls in areas such as data science and artificial intelligence through the Arewa Tech4Ladies initiative.

Mr. Olumide Balogun, director of Google in West Africa, said in his welcome address that Google’s mission was to organise the world’s information and make it universally accessible and useful.

Balogun said that this initiative was a commitment to enhance the representation and inclusion of women in the tech sector.

Dr Bayo Adekanmbi, chief executive officer of DNS, explained that by making AI education accessible in Hausa, the partnership was creating opportunities for innovation, entrepreneurship, and social impact.

Presenting a paper tagged, “AI in Education”, Dr Kashifu Inuwa, director-general of the National Information Technology Development Agency (NITDA), said a lot had been missed because AI was not being taught in the local language.

The DG was represented by Dr. Ahmed Tambuwal, head of the Digital Literacy and Capacity Building Department of NITDA.

 

 

 


Kindly share this post
Continue Reading

E-Business

Chowdeck Secures $2.5M Seed Funding to Optimize On-demand Food Delivery in Nigeria

Published

on

Kindly share this post

Chowdeck, Nigeria’s on-demand delivery service, has secured $2.5 million in seed funding to optimize its operations and support expansion into more cities across the country.

The seed funding round included investment from YCombinator, Goodwater Capital, FounderX Ventures, Hoaq Fund, Levare Ventures, True Culture Funds and Haleakala Ventures. Simon Borrero and Juan Pablo Ortega (co-founders of Rappi – Latin America’s largest online delivery platform), Shola Akinlade and Ezra Olubi (co-founders of Paystack – one of Africa’s leading fintech companies. Acquired by Stripe for $200m), Sudeep Ramani (Sportybet), Ayo Arikawe (Thrive Agric) and Karthik Ramakrishnan (Amazon) also participated as angels.

Since launching in October 2021 after the COVID-19 lockdown in Lagos, Chowdeck has acquired more than 500,000 users and more than 3,000 riders (typically earning the same as senior civil servants in Nigeria) that serve 8 Nigerian cities (Lagos, Abuja, Ibadan, Port-Harcourt, Ilorin, Benin City, Abeokuta and Asaba).

This new funding will enable Chowdeck to double down on its market leadership in these cities and lay the groundwork for further expansion into other Nigerian cities.

Driven by a combination of increased smartphone and internet penetration, improved payment systems, evolving consumer preferences and a range of other factors, there has been a significant growth in on-demand delivery services in Nigeria in recent years.

For example, heavy traffic in major cities makes it challenging for people to shop for groceries, meals, or other goods, increasing the attractiveness of delivery services that can save time.

This growth trajectory is poised to continue as many of the challenges that hampered previous attempts at providing on-demand delivery services are fixed.

Chowdeck is the fastest delivery service operating out of Africa today, allowing consumers to buy food and have it delivered to their doorstep in 30 minutes, on average.

The startup has built an effective logistics operation that food vendors can leverage to seamlessly deliver meals to customers while also providing consumers with an easy platform to order meals from their favourite restaurants in their city.

The startup has also partnered with a wide range of leading quick-service restaurants such as Chicken Republic, Burger King, Bukka Hut and more to drive sales, provide logistics infrastructure and other services to enable enhanced customer experiences.

Femi Aluko, CEO and co-founder of Chowdeck, said, “We know that Nigerians love good food, and we just want to make it as easy as possible for them to access the food they desire.

Chowdeck was birthed to fulfil this purpose and we are committed to delivering truly excellent experiences for our customers, vendors and riders. We are pleased with the success we have achieved to date and excited to have raised these funds that will enable us to replicate that success in more parts of Nigeria, and add value to our customers, vendors, and riders in as many ways as we can.”

Shola Akinlade, CEO and co-founder of Paystack said, “Chowdeck is not only addressing the crucial need for an efficient and reliable on-demand delivery service in Nigeria, the team embodies innovation and a commitment to excellence.

It is a privilege to be part of their journey and I look forward to celebrating more success with them in months and years to come.

Apart from investing financially into the company, our experience with building Paystack puts us in a great position to provide a lot of practical support and I am excited to see what it is to come from the Chowdeck team.”

June Angelides, Partner at Levare Ventures, said “Chowdeck has quickly become a household name across Nigeria, priding itself on very high standards of execution. They are addressing a large and complicated problem, especially in Africa, delivering goods at record speed.

I am excited that they have proven that the opportunity is there beyond restaurants and supermarkets. The team have secured landmark partnerships with Shoprite, Chicken Republic and KFC, a sign of their grit. Their customers love them, their riders love them. There’s so much more to come and I’m excited to be with them on the journey”.


Kindly share this post
Continue Reading

E-Business

Konga Launches Tech Month with Incredible Discounts

Published

on

Kindly share this post

Konga, Leading e-commerce giant has announced its highly anticipated Konga Tech Month starting from Wednesday, May 1, until Friday, May 31, 2024. This good news is not only for tech enthusiasts and bargain hunters but also for home appliance lovers, as this year’s edition goes beyond gadgets to feature home, office and lifestyle essentials.

Konga Tech Month has become a major event in the Nigerian shopping calendar. This annual sales extravaganza is widely regarded as one of the biggest gadget sales in the country. It offers a treasure trove of tech devices at unbeatable prices, attracting a massive audience eager to snag incredible deals on a wide range of products.

This year’s Konga Tech Month boasts an impressive selection of devices across various categories. Whether you need a reliable laptop, phone or a professional upgrade to your office and household with authentic appliances, Konga Tech Month has something to suit every need.

Throughout May, Konga’s customers will stand the chance to take advantage of special discounts on original printers, dependable power solutions and generators from companies like iTEC and iPower Inverters, mobile phones, refrigerators, inverters, and much more at up to half the price. Many freebies and deals will also be on offer for the fastest fingers in the Konga Flash Sale.

“Konga Tech Month is a testament to our commitment to providing Nigerians with access to high-quality yet affordable tech products,” said Mr Nnamdi Ekeh, CEO of Konga. “This year’s event promises to be even bigger and better than last year, so we are thrilled to get started. Thanks to Konga Tech Month, we can accomplish our mission of making cutting-edge technology available to everyone no matter their budget.”

The competitive pricing and special deals offered during Konga Tech Month are available for students, institutions, and organizations. Whether it’s outfitting a computer lab, updating office technology, or providing students with affordable laptops, Konga Tech Month offers a cost-effective solution.

A satisfied shopper from the last edition shared her excitement saying, “The Konga Tech event last year was incredible! I was able to get the high-performance laptop I’d been eyeing for months and at a price I couldn’t believe. The discounts were amazing, and the selection was huge. Plus, being able to choose between online shopping or visiting a Konga store was convenient and made shopping easier. I’m looking forward to Tech Week this year. I’ve been eyeing a new microwave and phone, and I know Konga will have the finest deals in town.”

Konga Tech Month offers a smooth shopping experience for everyone. Customers can browse the extensive selection of discounted tech products online at the Konga website (https://www.konga.com/) or visit any Konga retail outlets nationwide to experience the deals firsthand.

 


Kindly share this post
Continue Reading

Trending