The Future of Mining: Leveraging IoT for Enhanced Productivity and Sustainability
4 Feb 2025
Unlock efficiency, safety, and sustainability in mining with the power of Satellite IoT.
The Power of IoT: Unearthing Efficiency in Mining
The mining industry is expected to grow at a steady annual growth rate of 2% CAGR between 2025-2029, rising to a valuation of USD $2,825 billion. To maintain and support this growth, mining companies face a dual challenge: environmental regulations and the growing demand for sustainable practices.
Direct-to-satellite communication offers unparalleled advantages for mining operations. The technology leverages remote monitoring for critical data collection, reducing manual asset checks and site visits. By automating data collection site managers reduce fuel usage and vehicle deterioration costs, freeing up staff to work on more critical tasks.
Myriota powered solutions require only an antenna and AA batteries to utilise direct-to-satellite connectivity, eliminating the need to install costly ground infrastructure such as cell towers or gateways. For mining companies, leveraging remote monitoring translates to increased staff productivity, reduced operational costs, a safer workforce and a more sustainable approach to operations.
Satellite IoT: A Goldmine of Opportunities for Mining
Satellite IoT connectivity is advantageous in remote locations where traditional connectivity can be scarce or unavailable. Myriota connectivity is low-cost and low-power, enabling users to monitor a range of assets at a highly scalable cost. For US$0.99/month/device, Myriota enables businesses to monitor a range of valuable data points including water quality, both at the site, in connected water sources and further downstream, groundwater usage, equipment health and performance, environmental conditions, mine seepage and tank levels.
Another key benefit of Myriota-enabled monitoring solutions is the ability to predict machinery maintenance. Collecting data on equipment status enables site managers to identify unwanted hazards and costly downtime before it happens, limiting interruptions and increasing equipment longevity.
Driving Accountability and Trust
Regular monitoring and reporting of site data is an important step towards more responsible and sustainable mining practices, and helps to strengthen government and stakeholder trust. Monitoring resource use and the impact of mining operations on critical resources such as groundwater, soil and above-ground water are just some of the ways that satellite IoT connectivity can help to build a more sustainable mining future, while also providing tangible benefits for mine operators through time and cost savings.
Myriota Partners Powering Mining Innovation
Along with our Myriota ecosystem partners, learn how we are empowering mining operations:
REACH SSD: Uses the Myriota network to provide regular communication and monitoring of multiple assets such as tanks, fences or pumps, even in harsh environments with poor connectivity and power coverage. Capable of reporting data simultaneously from multiple sensors, the unit simplifies data collection across varied assets and uses. Deploy as a standalone device with an in built reporting dashboard, or integrate with your existing business applications for mining, agriculture, storage, and military.
Andromeda by INCYT: Integrates Myriota connectivity into a hybrid connectivity tracking solution to provide accurate location reporting. Myriota satellite connectivity covers fallback for areas without network coverage,this ensures reliable asset tracking in any location, across any terrain.
Myriota FlexSense: Your Customisable Mining Hardware Solution Starts Here
Myriota’s IoT hardware device FlexSense adapts to your data reporting and monitoring needs, seamlessly integrating with a wide range of sensors and existing interfaces to make it the most versatile IoT hardware available. Whether it’s a simple status update from your equipment or complex trend analysis, FlexSense can report on mine assets from anywhere.
The platform is designed to accelerate the IoT solution development journey, enabling rapid testing and quick customisation for faster market entry. All collected data is protected by Myriota’s end-to-end security protocols, ensuring the safety of critical data while delivering valuable insights. Power your innovative mining IoT solution with FlexSense – get started today.