THE FUEL-MANAGEMENT EXPERTS

VERIDAPT IS A RECOGNISED EXPERT IN FUEL MANAGEMENT, DELIVERING SOLUTIONS THAT CAN SIGNIFICANTLY ENHANCE FUEL CONTROL.

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As mining companies face increasing cost and equipment uptime pressures, optimising fuel-management processes can not only save money but set operators up for future prosperity.

The mining sector is harnessing digitalisation and Internet of Things (IoT) solutions to access enhanced fuel-management practices, thanks in large part to innovative IoT company Veridapt.

For Veridapt, refining fuel management for its utmost effectiveness involves providing data capture and analysis capabilities coupled with the expertise to develop a digital twin model to help operators visualise and optimise their fuel supply chain.

Veridapt's platform has been adopted by multiple Tier 1 mining companies, with one miner receiving a detailed analysis on replacing its existing direct-to-tank processes with a tailored hub-and-spoke model.

The comprehensive and predictive modelling clearly demonstrated the operator would lower both capital expenditure (capex) and operational expenditure (opex) on fuel delivery and distribution by between $US5 million-6 million.

Veridapt vice president mining Wayne Arthur explained how this project came about.

"By leveraging our in-house data-science capability, we were conducting analytics on a mining client's data," Arthur told Australian Mining. "We determined that we could build a digital twin model to run scenarios and see if improvements could be made to their fuel supply chain."

Arthur said Veridapt worked with the mining company to understand their current fuel storage capacity and the criticality of certain fuel-storage locations.