MINING Logic Solutions has signed an exclusive global license agreement with CSIRO Exploration and Mining to commercially develop the Nexsys real-time risk management system.
The company says that the real-time risk management system to improve safety and boost productivity in underground mines.
The CSIRO says that the Nexsys allows underground coal mines to interrogate vast amounts of digital information from a variety of sensors and systems throughout the mine, which normally do not communicate with each other.
Nexsys analyses this integrated data to provide real-time risk management and decision support for control room operators, including automatic triggering of response plans if it discovers a hazardous condition.
Mining Logic Solutions says that the safety technology can extract critical data from existing proprietary strata control, ventilation monitoring, Supervisory Control and Data Acquisition (SCADA) and other critical mine monitoring systems and turn this data into knowledge in real-time.
CSIRO Exploration & Mining chief Dr Mike McWilliams claims the agreement continues to demonstrate how new technologies developed collaboratively by CSIRO and its partners can benefit the mining industry.
The technology will be developed into a commercial-ready product within 12 months.
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