From Yahoo Finance: 2025-05-20 11:29:00

The Internet of Things (IoT) utilizes sensors and actuators to monitor and control the environment, including industrial applications like inventory management and automated equipment inspections using robots.

Mining faces challenges like declining ore grades, safety concerns, and environmental impacts. The industry is struggling to recruit skilled workers, with a potential deficit of 8,400 workers in Australia by 2026.

IoT technology in mining can enhance safety, productivity, and ESG compliance. By 2030, half of mining operations in Australia are projected to be automated, reducing staff in hazardous areas by 75%.

IoT spending in mining is expected to rise from $5.8bn in 2025 to $8.2bn in 2027, with a 17.3% compound annual growth rate. This technology helps monitor tailings, water usage, emissions, and greenhouse gases.

Wearable technology in mining improves safety by monitoring health metrics and alerting workers of fatigue or emergencies. It also includes gyroscopes to detect falls, asset tracking, and real-time location updates during evacuations.

IoT technology reduces downtime in mining by enabling predictive maintenance and remote monitoring of equipment health. Companies have reported up to 75% reduction in unplanned downtime and significant productivity increases through automation.

Mining companies are increasingly using augmented reality, drones, and IoT sensors for safety and efficiency. Autonomous haulage systems have reduced accidents by 50%, while real-time monitoring systems improve air quality and equipment maintenance.

Unplanned downtime in mining leads to financial losses and production disruptions. IoT technology allows for real-time monitoring of equipment health, predictive maintenance, and remote control of equipment to enhance operational efficiency by up to 30%.



Read more at Yahoo Finance: IoT enhances productivity, safety, and ESG compliance for the mining sector