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How Automation Could Save the Mining Industry

Mining is not an industry closely associated with advances in technology, especially compared to the likes of telecommunications or software industries. However it has come a long way since the days of busting rocks with picks and shovels.

The latest application of technology being used by both BHP Billiton (ASX: BHP) and Rio Tinto (ASX: RIO) is the use of autonomous driverless trucks. Driverless trucks sound like a concept extracted out of the movie Avatar, but the technology has the potential to lower costs and increase efficiency for mining operators as they move towards full integration into their mining activities.

This article was originally published here – http://finance.ninemsn.com.au/newsbusiness/motley/8645163/how-automation-could-save-the-mining-industry