Transformation of the Australian mining industry and future prospects

Abstract

The rapid industrialization in recent decades has enormously increased demands for energy and mineral resources. At the same time, economically viable resources near the surface have been nearly depleted, and the mining industry is facing new challenges of processing low-grade ore, increasing depth, climate changes, and rigorous social and environmental constraints. Furthermore, accountability for major social and sustainable development problems in the mining sector has imposed a further economic burden on mining companies. These challenges in the mining industry can be solved through technical improvements and the optimization of the entire mining value chain using advanced information and communication technologies (ICTs) and automation techniques. This paper presents future prospects of the mining industry by reviewing the sustainable development in mining, the global trend of mining innovations and initiatives of major mining companies, and some new mining technologies in Australia. Furthermore, future prospects and blueprints of the mining industry are suggested.

Green Mining Strategy Selection via an Integrated SWOT-PEST Analysis and Fuzzy AHP-MARCOS Approach

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Evaluation of Data-Driven Decision-Making Implementation in the Mining Industry

“…The literature suggests that the mining industries in some countries or regions have made more progress in adopting DDDM than in others. Russia and Australia specifically stand out as countries that have made good progress or that are currently focusing on DDDM and I4.0 in their mining industries [9], [36].…”

Elgar Introduction to Designing Organizations

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