future of minerals exploration
DESCRIPTION
Most of the “easy” discoveries have been made and exploration is getting harder. Mineralized systems are extremely complex and difficult to identify, consequently it is not enough anymore to simply acquire information.TRANSCRIPT
© 2013 WIPRO LTD | WWW.WIPRO.COM | CONFIDENTIAL 1
Future of Minerals
Exploration
Helping the Mining Industry Go Deeper
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Future of Minerals
Exploration
HIGHLIGHTS
Most of the “easy” discoveries have been
made and exploration is getting harder.
Mineralized systems are extremely
complex and difficult to identify,
consequently it is not enough anymore to
simply acquire information.
The challenge now is to find new ways to analyze,
integrate and model the collected/available
information. The minerals exploration industry
must now “go deeper” to discover resources
both in physical and information terms.
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Gradual Increase in Exploration Expenditures
*Data source: MEG’s Corporate Exploration Strategies.
Deposits are found in areas that are
more inhospitable
Ore bodies of high grade have
already been found & of lower grade
are progressively being considered
New deposits at greater depths /
increased coverage
Deposits are increasingly found in
areas that are less accessible
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Advanced computer interpretations and innovative
3D / 4D modeling
Response to Challenges
Finance available for exploration has contracted and the number of juniors exploring is reducing
More and “better” use of available information including value from existing data & the way market information is accessed
Centralize and more formally manage decisions around standards and tools
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Recurring Problems
Require access to large
amounts of processing
power and data rich
environments in more remote
locations
Data is not shared,
collaboration is limited
Lack of data management
processes
Information standards are not
centrally controlled or
managed
1 2
3 4
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Future Opportunities & Complexities
The “internet of things” will
continue to grow; more
devices will generate
relevant and useful data in
real time
“Systems Thinking” or
“Big Data” approach to
management of
information
Improvements in
telecommunications and
cloud computing
More of IT is
commoditized, staff
assume full access to
available services
1 2
3 4
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The IT Response
Manage centrally but deploy globally
High demand data modeling tools should be migrated to “On demand” processing platforms
A service integration layer to “connect” disparate data and services
A GIS and/or sophisticated search tool should be implemented across data stores.
“Librarian” tools should be implemented to control versioning & access rights
Technology
Establish standard data definitions for agreed key data types
Establish standard data sources for agreed data types and standard processes for adding new data
Establish standard collection and import/export processes in conjunction with tools
Establish data management and custodian services to ensure completeness and consistency of data
Standards & Processes
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Conclusion
All exploration and ongoing mine planning relies
on access to better and more reliable
information
To meet increasing pressures, exploration IT
Directors and CIOs must now face the difficult
tasks of adopting and implementing strong data
management disciplines into their organizations
Additionally, they are expected to identify ways
to exploit new technologies and tools to
significantly improve the chances of discovery
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For more details please visit the link below:
http://www.wipro.com/Documents/industries/unearth_insigh
ts.pdf
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