MTN, China Telecom, and Huawei are collaborating to launch Africa's largest smart mine. The partnership aims to create a private network for mining environments. The connectivity will enable the implementation of modern technologies, improve operational efficiency, and drive health and safety. The trends are showing convergence of information technology and operational technology. One of the most profound use cases is becoming mainstream, autonomous mining and vehicles on the back of a 5G private network. Private network 5G is being implemented globally by many mines, and they are in kind of an advanced maturity curve.
The importance will be in commercializing these solutions in operational costs and return on investments that make it commercially viable. The challenges for this technology are to implement cost-efficient solutions, do it at scale, and become mainstream across the mines. MTN is transitioning from a Telco to a TechCo, becoming a TechCo to bring in these modern technologies. It is believed that private networks and leveraging technologies like 5G are going to reshape and redefine various industries in the future by bringing in the likes of private networks and 5G technologies.
Mining operations being done smartly by leveraging modern technologies are referred to as smart mining. The initiative is around a private network and seamlessly connecting it with technologies in the mining environment. The key part of any mining operation is to ensure health and safety while improving operational efficiency. The uses cases in the mine, once connected, can range from vehicle tracking, health, and safety use cases. Technology alone is not the solution; it is the seamless execution of technology across the mine. The future of mining transition will see many mining companies transitioning from Telco to a TechCo.