Ian Telfer – Introducing New Innovation to Mining and IMARC 2016
As 2016 comes to a close, there is finally good news on the economic front as the Canadian economy is beginning to make steady improvements. Positive economic news is especially promising for Alberta, where it's been a rough 24 months due to wildfires in Fort Mac and slumping global oil prices.
After what many bankers and money managers labeled an economic stagnation of sorts, the Canadian economy seems to be on the rebound after two consecutive months of gains this summer. While the growth in the economy was modest, the fact that gains were fueled partially by the oil and mining sectors I think is a good sign for 2017.
When it comes to the mining sector, I think what's also a good sign is that new innovation is starting to make its mark in the industry. Introducing innovation, whether that's reimagining how we design mining operations or whether that's introducing new technological innovation, will make a substantial difference in the industry in the years to come. With that said, how we introduce these innovations and how we do it in a way that's intelligent in the short-term and the long-term is just as important.
New tools like digital mapping, for example, will help mining companies better locate resources without costly exploration and will also help pinpoint hard to extract resources. There are also tools geared toward better managing and monitoring the supply chain to maximize production; these will also impact operations in the future.
In addition to enhancing productivity and efficiency, introducing more advanced digital technology to the industry will make mines safer, not to mention more environmentally friendly.
Implementing innovative technology in today’s mining projects will be one of the topics discussed at the International Mining and Resources Conference (IMARC) happening next month. The conference will bring together mining and resource executives from around the globe, myself included, and will be an excellent opportunity for executives to examine the industry’s future and the best ways to facilitate mining's growth.
Aside from examining the ongoing role of innovation, the IMARC conference, which will be held from November 7 th to November 10 th in Melbourne, Australia, will also address other topics, including exploration and investment, international mining law and production optimization through the use of technology.
Needless to say, I'm looking forward to speaking at the conference and catching up with friends and colleagues.