Advanced data technology and analytics can deliver savings across industry - up to potentially $5 billion
Las Vegas, Sept. 27, 2016 - (NYSE:GE) Today at MINExpo, GE Mining, a division of GE Transportation (NYSE: GE), unveiled the Digital Mine, a suite of technologies that can improve performance, reliability, safety and operations. Each mine is a mini-city, requiring power, water and transportation. Intelligent, real-time monitoring across the mine, allows operators to make data-driven decisions that improve equipment reliability and optimize mine operations - yielding up to a potential $5 billion annually in savings.
Powered by GE’s Predix™, the world’s only open, cloud-based operating platform built exclusively for industry, the Digital Mine delivers interconnected technology needed to achieve breakthrough levels of efficiency and maximum performance. It combines machine sensors, connectivity, data capture, visualization and analytics to support management of an asset’s lifecycle.
“Mining, as an industry, faces strong headwinds and must drive productivity and improve operational savings. Digital Mine, through advanced sensor technology and analytics, seizes the industry’s untapped data to help make a difference,” said Scott Phillips, Vice President and CEO of GE Mining. “As we’re doing successfully for the rail industry, we’re using our Industrial Internet mindset to actively monitor and diagnose equipment and operations to improve assets, maximize efforts, boost fuel efficiency and lower costs.”
GE’s suite of condition-monitoring capabilities collects information such as vibration data, temperature and pressure to inform mine operators of machine health, and also detects impending failures before they occur. Data collected from disparate systems enables the linking of insights across machines and processes, which can lead to better predictivity and decreased likelihood of accidents - all while increasing productivity.
GE Mining’s digital solutions have the potential to help customers reduce equipment failures, deliver up to five percent improvement in mineral recovery, and increase optimization. For example, a leading gold mining customer maximized mineral recovery by 1.5 percent, which is equivalent to nearly $1 million a year. A platinum mine customer increased smelter throughput by 10 percent while improving recovery.
In addition to software, GE Mining provides customized solutions. Komatsu, a leading mining equipment maker, is using GE’s 400 Ton Wheel Motor on its new 980E-4 mining haul truck. It is the industry’s most powerful and efficient electric wheel motor and has created a new class in haul truck performance. Its drive system delivers the lowest operating cost per ton in the 400-ton haul truck class market.
“Our efforts span the globe, and we will continue to develop world-class mining equipment that employs GE’s advanced systems and technologies,” said Rod Schrader, CEO of Komatsu America.
As the first services agreement between the companies, Komatsu and GE are teaming up to create services shops in Australia to provide the highest-quality repair capabilities on GE blowers, alternators and wheel motors.
For key sessions on GE Mining insights and capabilities, please join us for the following:
- How Big Data is Driving Efficiency and Productivity on Mining Truck Haulage Systems - Speaker(s): William Halli, executive product manager, GE Mining; and Doug Vroman, product service manager, GE Mining
- Tuesday, 8 - 10 a. m., North Building Upper Concourse, Room #N257
- How the Industrial Internet Will Drive an Increasingly Efficient Mining Operations- Speaker(s): Rahul Shaw, general manager, digital mine and mining solutions, GE Mining; and Ken Scholey, global product manager, process optimization, GE Mining
- Tuesday, 10:15 a. m. - 12:15 p.m., North Building Upper Concourse, Room #N253
- A New Approach to Underground Mine Dewatering - Speaker: Terry Small, global product manager, GE Mining
- Wednesday, 10:15 a. m. - 12:15 p.m., North Building Upper Concourse, Room #N255
For more information on GE Mining’s products and services, please visit Booth 6911-C at MINExpo International 2016 or http://invent.ge/GEMINExpo16.
About GE Mining
For more than half a century GE (NYSE: GE) has been solving the world’s toughest mining challenges. GE Mining, a unit of GE Transportation, is dedicated to transforming the mining industry by doing what GE does best - developing leading technologies to build, power and move the world. As global demands for energy and raw materials continue to grow, mining companies face ever-increasing challenges to bring these resources to market. To help mines achieve success, GE Mining delivers innovative solutions for the most critical requirements of power, water and productivity.
GE Mining delivers solutions such as power generation and distribution systems for reliable and readily available electricity as well as water treatment systems for filtration, desalination and reuse. GE Mining also provides productivity solutions including components and systems for crushing, grinding, conveying and hoisting; service expertise in turnkey systems development; optimization software for monitoring and controlling remote operations; and electric-drive systems for mining vehicles and underground mining equipment.
+1 312 259 6544