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March 12, 2024

The Future of Mining: Sustainable Energy and Asset Management

Category: Mining, Power

Mining is essential to many international industries and ongoing global economic development. However, it also significantly contributes to climate change and resource depletion. Considering both factors, the mining industry is now focused on sustainable energy and advanced asset management to balance out the pros and cons of the industry. Companies are seeking to advance environmental and sustainable initiatives in 2024 and beyond.

One of the critical aspects of transitioning towards sustainability is the adoption of energy-efficient practices. Mining operations are traditionally energy-intensive, and the industry now recognises the environmental and economic benefits of reducing its carbon footprint. From using renewable energy sources to optimising existing processes, implementing energy-efficient practices is a win-win situation for the industry and the planet.

Effective asset management is another critical component shaping the future of mining. The traditional manual monitoring and maintenance approach gives way to innovative solutions driven by technology. Mining companies are increasingly investing in sophisticated systems that allow real-time monitoring of equipment health, predictive maintenance, and automated workflows. This shift not only improves operational efficiency but also minimises downtime and extends the lifespan of mining assets.

Adopting advanced asset management practices is not merely about embracing technology but optimising costs and maximising efficiency. By leveraging data analytics and machine learning, mining companies can make informed decisions regarding equipment maintenance, reducing downtime and increasing productivity. The long-term benefits of such an approach include cost savings, improved safety, and a more sustainable operational model.

Technology is pivotal in driving energy efficiency and asset management in mining. From incorporating Internet of Things (IoT) devices for real-time data collection to using artificial intelligence for predictive analytics, mining operations are becoming more innovative and responsive. Technology integration enables miners to make data-driven decisions, improve overall performance, and contribute to a more sustainable and responsible industry.

Automate in 2024 with Chesterton Connect

Smart monitors are a must-have maintenance support tool that ensures all equipment processes run efficiently. Chesterton Connect is an advanced apparatus designed to monitor assets continually, capturing real-time data 24/7 and providing valuable information about pressure, processing temperatures, equipment vibration, and surface temperature. All data and information are accessible via the user-friendly mobile app connected to multiple machine sensors, providing a comprehensive view of plant equipment and health, including equipment breakdown predictions. This alert system will help prevent unplanned downtime and asset failure onsite while providing cloud-accessible data from anywhere.

Figure 1: Chesterton Connect™

Chesterton Connect™

LubriCup™

LubriCup™

Avoid Bearing Failure with LubriCup Lubrication Automation

LubriCup Automatic Grease Dispensers are designed for automation. When installed, these units deliver a precise amount of industrial grease or oil to where it should be in each part of the machinery. This eliminates human error and the cause of premature bearing failure – over and under -greasing, providing reliable, automated, and efficient lubrication.

Contact Chesterton

Sustainability has become a buzzword across industries, and mining is no exception. Striking the right balance between asset management and energy efficiency is crucial for the long-term viability of mining operations. Companies that successfully navigate this balance contribute to global sustainability goals and position themselves to quickly adapt to future challenges.

Discover how Chesterton can help, backed by 140 years of excellence in the field. Contact us

 


This article was featured in Mining Magazine

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