MARKETS

Intelligent mining systems the solution to rising costs: Middleton

AUSTRALIAN coal miners need to harness their experience using intelligent mining systems to rever...

Lou Caruana
Intelligent mining systems the solution to rising costs: Middleton

The Australian industry faces increasing pressure from emerging coal producers who have lower operating costs and require less infrastructure investment, according to Middleton, who is the managing director of Indonesian and African coal developer Cokal.

“Australia has a reputation for good safety, reliability and innovation,” he said.

“We all need to reflect on these. Where are we going with costs, productivity, mining and safety in the future?

“The intelligent use of information is one thing that Australian coal miners do really well.”

Reliable equipment, technological improvements, building a company for success, productive equipment and efficient planning are needed for increased uptime, he said.

Middleton said yesterday’s presentation by Andy Mifflin on the GVK-Hancock Coal Kevin’s Corner project demonstrated how planning for large-scale projects with attention to detail on infrastructure, mining and personnel issues was one way to establish world-class projects in remote areas.

Another way was sourcing longwall and mining equipment from new suppliers, as Peter Ross of Lake Coal did at the Chain Valley Coal mine in New South Wales with the purchase of Chinese equipment.

Costs of Chain Valley Coal equipment were 50% less than their US counterparts with no compromise in reliability, Ross said.

The capital intensity of Australian projects is increasing at a rapid rate while coal prices were fluctuating wildly, making it imperative to use planning, maintenance and purchasing models that could accommodate the volatility, according to Middleton.

“I can remember in the early-2000s there was a sub-$20 per tonne sale by Rio Tinto Coal,” he said.

“But according to Wood McKenzie research, there has been quite a big increase in costs, too.”

Gary Gibson spoke about the ACARP project that is making intelligent use of data and information to improve roadway development rates by developing automated continuous miners.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production