This comes in the wake of the industry, globally, benefitting from digital mining transformation.
Among the companies driving the makeover is Schneider Electric, the French multinational corporation, whose customers are majorly in North America, South America and Australia among others.
We look forward to implementing many more of these solutions in South Africa’s mining industry to assist it in the jump into the digital future,” said Marc Ramsay, Vice President Industry Business Unit at Schneider Electric South Africa.
The executive pointed out mining companies of all sizes were poised to benefit from digital mining transformation.
While the major mining companies started the trend, the next tier-down players are getting equal, or greater benefits than the early adopters.
“As technology and cloud scalability become more affordable, it is easier and more economical than ever before for all mining companies to benefit from digital mining transformation solutions,” Ramsay said.
South Africa is world-renowned for its mining sector, with an abundance of mineral resources, accounting for a significant proportion of world production and reserves with an estimated worth of R20,3 trillion (US$2,5 trillion).
The country is estimated to have the world’s fifth largest mining sector in terms of gross domestic product (GDP) value.
In 2017, mining contributed 8 percent to South Africa’s GDP.
– CAJ News