Real-time cost monitoring by continuous sensor-based data collection and transmission

With regard to the EU funded project 'Real-Time Mining' a sensorbased acquisition, collection and transmission of data for the resource extraction process will be developed. The key concept promotes the change in paradigm from a discontinuous to a continuous process monitoring. Especially concerning material characterization, machine performance and underground positioning 'Real-Time Mining' will provide sensor solutions as well as the interfaces for integration, management and visualization of the collected data for a permanent updating process of the resource model with the aim of near real-time optimization of decisions. On the basis of 'Real-Time Mining'-Output a permanent monitoring of costs can be performed as well in both, the installation and the production process of a mine. Due to the collected data in terms of machine performance connected with the underground positioning information added with personnel tracking and mine surveys a comprehensive overview of process performance is available. By evaluating those information in a specific manner costs per unit will arise for monitoring and possibly controlling actions. Copyright © 2016 by SME.