Digital Transformation of Mining Enterprises

Abstract

The level of competitiveness of the mining industry is determined primarily by productivity and operational excellence. Digitalization is becoming a determining factor that will enable companies in this field to remain competitive in the future. In the mining industry, the transition to new, more advanced working methods is usually slower due to the scale and complexity of production processes, as well as due to the significant volumes of technological modernization costs. Therefore, some enterprises in this area are not actively using digital technologies. Nevertheless, the world's leading mining companies are investing heavily in the development of modern energy and automation technologies in order to increase production and environmental efficiency, reduce the use of manual labor and energy expences. It is becoming clear that digital technology is opening up new opportunities to dramatically increase productivity and profit margins. The article examines the main directions of digital transformation of mining enterprises, reveals the main opportunities and threats.