Ep 127: AI in Mining: Hype, Reality, and What's Next

Join Tarrant Elkington, General Manager of Snowden Optiro, and Scott Carpenter, Director of Technology at Datamine Software, as they explore the rapidly evolving world of artificial intelligence in mining. In this episode of Fresh Thinking, they discuss:  The parallels between AI and other disruptive technologies like autonomous haulage. How to navigate the hype cycle and spot real opportunities amidst the noise. The difference between generative AI and agentic AI and what each means for the mining industry. Why human intuition and expertise remain essential in a data-driven future. Whether you're curious about the future of digital mining or want to understand where AI is headed, this conversation offers practical insights and thought-provoking ideas. Key Time Stamps 00:00 – Introduction and guest background. 01:18 – Setting the stage: AI as the next disruptive technology in mining. 05:14 – Understanding the hype cycle and Amara's Law. 10:06 – Lessons from autonomous haulage systems and parallels to AI adoption. 12:02 – The adjacent possible principle: multiple technologies combining to drive change. 17:05 – Where AI sits in the hype cycle today. 20:01 – Generative AI vs. Agentic AI: key differences and future impact. 24:55 – Why quality data and human expertise are still crucial. 33:21 – Looking ahead: where AI could take resource modelling and mine planning. 37:42 – Closing thoughts and reflections on AI's future in mining. If you would like to contact Tarrant and Scott: [email protected] Explore more: https://snowdenoptiro.com/ 👍 Like, comment, and subscribe for more technical mining insights from our global consulting team. Fresh Thinking by Snowden Optiro is rapidly becoming the best mining podcast globally - you can find our podcasts on YouTube, Spotify, Apple Podcasts and most other podcast platforms. Who we are: Snowden Optiro is a resources consulting and advisory group that provides independent advice, consulting and training to mining and exploration companies, their advisors and investors. We help mine developers to advance their projects, mining companies to improve their operations and their professionals, and investors to de-risk their investments by the provision of quality advice, training and software in the field of Mineral Resources and Mineral/Ore Reserves.  Datamine is a software solutions business that enables those in the mining industry to confidently make effective strategic, tactical and operational decisions at all stages of the mining process. For training or consulting enquiries: training(at)snowdenoptiro.com contact(at)snowdenoptiro.com