{"id":81129,"date":"2022-12-14T06:26:00","date_gmt":"2022-12-14T06:26:00","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81129"},"modified":"2022-12-14T06:41:30","modified_gmt":"2022-12-14T06:41:30","slug":"minings-renewed-productivity-focus","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/minings-renewed-productivity-focus\/","title":{"rendered":"Mining’s Renewed Productivity Focus"},"content":{"rendered":"

Productivity: A Patchy History<\/strong><\/h2>\n

The productivity of Australia\u2019s mining industry has generally taken a back seat to production levels and capital expenditure. <\/span>During the boom in the early 2000s and beyond, mining companies could put their productivity score on the back burner while the going was good. <\/span>But nothing stays the same forever.<\/b><\/p>\n

And when the mining bubble burst, more than a few operators were left with their pants down \u2013 through a productivity lens. <\/span>According to Australian Government data, mining typically accounts for around 5 per cent of Australia\u2019s nominal market sector gross domestic product.\u00a0<\/span><\/p>\n

A \u2018once-in-a-generation\u2019 shock to demand and prices of mining commodities saw this share rise to 8.5 per cent in 2006-07, stimulating substantial growth in new investment, employment, and profits.\u00a0<\/span><\/p>\n

As miners look to turn the tide of productivity, the industry will pivot to new and innovative automation and technology to provide a much-needed boost.\u00a0<\/span><\/p>\n

Turning The Tide\u00a0<\/strong><\/h2>\n

The mining industry has significantly influenced Australia\u2019s productivity performance and prosperity recently.\u00a0<\/span><\/p>\n

And while its influence on prosperity has been positive, the opposite is the case for productivity.\u00a0<\/span><\/p>\n

Mining’s next decade will witness some of the industry’s most exciting and transformative years on record.\u00a0<\/b><\/p>\n

But the question remains: <\/span>What will successful mining and resource companies look like in a low-carbon, low-waste, purpose-driven future?<\/span><\/p>\n

The answer to this question is multi-pronged, but improving productivity will feature high on the list of changes.<\/span><\/p>\n

A convergence of factors has brought the need for transformation, but the most significant underlying drivers and opportunities lie in the green energy transition.<\/span><\/p>\n

Other factors include the ongoing impact of COVID-19 on the world of work, alongside digitisation, and the developing need to integrate environmental, social, and governance (ESG) commitments with core business functions.\u00a0<\/span><\/p>\n

In all, mining has its work cut out to right the wrongs of the past two decades and make the most of mining\u2019s clean and green future.\u00a0<\/span><\/p>\n

Help From Aussie EMS Technology\u00a0<\/strong><\/h2>\n

Exploration and Mining Software (EMS) has been a hugely creative and vital segment of Australia\u2019s $90 billion mining equipment, technology and services (METS) sector.\u00a0<\/span><\/p>\n

It currently generates over $600 million a year of mining-related revenues, more than $240 million in exports, and employs more than 2500 people.<\/span><\/p>\n

With one of the world’s most technologically advanced and operationally challenging mining industries, it\u2019s not surprising to see proven Australian products receive orders in other parts of the world.<\/span><\/p>\n

Some of the areas where EMS technology can improve productivity include:<\/span><\/p>\n