Africa’s mining investment outlook hinges on AI adoption

  • Wednesday, February 7, 2024
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,steel,iron ore,
[Fellow]Major African mining companies are beginning to realise the immense potential of AI to disrupt entire industries

【Ferro-alloys.com】:Artificial intelligence (AI), the introduction of AI technologies, and their impact on the mining industry will be hot topics at the Investing in African Mining Indaba in Cape Town this week.

Major African mining companies are beginning to realise the immense potential of AI to disrupt entire industries by lowering operational costs, increasing efficiencies, mitigating risk, improving control and streamlining decision-making processes.

As a consequence, African mining companies that take advantage and power through growing pains will be able to realise competitive advantages and opportunities in the future. This is particularly as there is growing investor interest in companies that have AI as part of their business model.

 

  • [Editor:Alakay]

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