Tel Aviv-listed Razor Labs says South Australia iron ore producer SIMEC Mining has signed a subscription agreement for wider use of its DataMind AI predictive maintenance software at its operations after a “promising initial pilot phase”.
SIMEC engineering and reliability chief John Stewart said initial implementation of DataMind AI had “shown potential in enhancing our site’s operations”.
“By providing early warnings and actionable insights we aim to prevent equipment failures before they occur, significantly reducing unplanned downtime and maintenance costs,” he said. “DataMind AI also helps us maintain a safer working environment by minimising the need for manual inspections in hazardous areas. We are optimistic about the continued benefits that this technology will deliver.”
Razor Labs says its sensor fusion technology forecasts equipment failures. The company claims to have “a strong presence in key mining regions including Australia and South Africa”.
SIMEC Mining innovation and technology manager Karl Reichenberg said Razor Labs’ Datamind AI platform complemented the miner’s existing asset management, downtime detection and condition monitoring systems and “seamlessly integrates with our existing historian data”.
“We aim to promote the use of AI while ensuring we maintain a cyber-secured environment within our digital technology landscape,” Reichenberg said.
“The implementation of the Razor Labs solution is utilising AI to reduce the time our maintenance staff is manually monitoring and reporting the condition of our critical processing assets and in return extending the lifespan of our equipment.”
