This includes the development of mine site, mining and beneficiating other metal ores except iron and manganiferous ores valued for their iron content, gold ore, silver ore, uranium, and vanadium ores. Some examples of the metal ores included in this industry are antimony ores, rare earth metal ores, columbite ores, tantalum ores, ilmenite ores, tungsten ores, and molybdenum ores.
The global all other metal ore mining market was valued at $61 billion in 2017. Asia Pacific was the largest geographic region accounting for $47.8 billion or 78.3% of the global market. China was the largest country accounting for $29.5 billion or 48.3% of the global all other metal ore mining market.
Metal ore mining companies are starting to use cognitive computing to enhance the decision-making capabilities in mining operations. The ability of cognitive computing to give insights on future trends of the industry and make real-time decisions are some of the driving factors for mining companies to implement this technology. The key areas where cognitive computing and predictive technology helps mining companies include giving accurate information on drilling locations, depth to be drilled, predicting the equipment failure in advance and autonomous transportation. Goldcorp is using IBM Watson to analyze drilling reports and geological survey reports. This approach assists geologists with the exploration process and by helping them make more accurate, data-driven decisions.
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