Electrification, AI and blockchain set to move into mining operations

As the electrification of transport takes hold across the world, a new sector is also undergoing immense change – Australia’s mining industry, with most new underground operations predicted to be electric by 2023.

Small Caps is reporting BDO head of global natural resources Sherif Andrawes  expects Australia’s mining sector will look a lot different in the next five to 10 years as new technologies such as artificial intelligence and blockchain become commonplace, along with electric mines and alternative funding sources for junior explorers.

Currently, Australian mines rely heavily on diesel-powered vehicles and heavy machinery, but Mr Andrawes claims safer working conditions and increased investment will be the push the sector needs to shift towards electrification.

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