Technology has become part of our everyday lives, evolving faster than most people can keep up with — or want to keep up with. Although the mining industry is slower than most to implement new technology, development is occurring at a very fast pace.
New technology generally coincides with higher prices. In today’s mining environment, where cash conservation and productivity are the driving factors for most companies, technology is often deferred to save money. So it begs the question, should companies invest in technology in the current market environment?