Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Energy Fuels Inc (UUUU) Message Board

Digital Innovation: Gateway to the Future of Minin

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 388
(Total Views: 361)
Posted On: 01/22/2021 3:51:45 AM
Avatar
Posted By: NetworkNewsWire
Digital Innovation: Gateway to the Future of Mining

While the natural resource industry seems to have taken a little while to join the fourth industrial revolution, progress is being made steadily as automation is adopted and implemented. The benefits of automation include payload optimization achieved by computers in a way that could not be replicated by people.

Global mining equipment producer CR Mining is among many that are dedicated to developing more technology for the natural resource industry. The company’s head of product strategy, Kevin Greenwood, explained that the digitization of mining had various benefits. Among them those benefits are the following:

- Improvement in efficiency and productivity based on a deeper understanding of the mining process, valuable data analytics and better sensors.
- The removal of variability, especially around manned equipment and operators, with the growing adoption of automation.

Additionally, the development of sensing devices that report detailed and complex information has also led to more productivity and fewer accidents on site. Greenwood goes further to explain that CR Mining is in the lead with regard to digital transformation because the company is focused on not letting its clients down.

Another key technological innovation is a reporting platform developed with features that are vital for mines. The Orion Data Analytics platform has been designed to provide machine performance and real -ime productivity data to operators at the mining site. The platform then conveys this data to either a tablet or mobile device for mining-site personnel. In addition to this, the platform offers insight on items such as the following:

- Operator performance
- Dig unit duty
- Truck payload performance
- Dig unit productivity

It should be noted that users of the platform can also customize the database and its tools to provide an account of additional factors.

As the mining industry shifts its gears into Industry 4.0, the adoption and implementation of automation will improve many — and perhaps all — mining processes, which will benefit not only mines but also the environment.

Digital innovation in mines reduces the environmental impact that they have on the environment while simultaneously reducing the energy consumed on a site. The elimination of fatalities will also produce safe working environments for mine personnel, which may make it easier to venture into asteroid or deep marine mining.

Furthermore, the use of simulation-based planning in mines will allow mining companies to analyze project operational performance and processes in a virtual setting, which decreases the cost and time spent in prospecting, exploring and other mining operations.

Meanwhile, Colorado-based Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) is dominating the uranium mining segment of the industry. The firm’s production capacity and in-ground resources are greater than those possessed by any other uranium mining company on U.S. soil.

NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer



(0)
(0)




Energy Fuels Inc (UUUU) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us