E-Business
How Digital Solutions are Driving Cost Savings for the Mining Industry

By Kevin Shikoluk
Mining operations everywhere are experiencing constant profitability pressures from two directions: continued commodity pricing volatility and global demand variability. Africa-based miners are no exception.
These dynamics have caused mining companies to re-evaluate business models and seek smarter, more efficient modes of operation that focus on sustainable cost management practices and improved productivity.
The mining sector isn’t unique in this regard. Many of the world’s leading industries—manufacturing, oil and gas, healthcare, and others—have also recognised this need for change. While the exact improvements vary from industry to industry, the path to transformation is similar: an emphasis on improvements at both the asset and process levels through the application of leading-edge digital technologies across the Industrial Internet value chain.
By harnessing the combined power of machine sensors, edge-to-cloud connectivity, advanced data capture, and powerful analytics, the Industrial Internet can deliver deeper insight into mining operations than ever before.
These insights can then be used to drive intelligent recommendations for improvement—from asset lifecycle management to condition-based, prescriptive maintenance programs and strategies to optimize performance within the plant. This approach has already yielded breakthroughs in improved efficiency, increased asset availability, and optimised processes in many other industries and there’s a growing track record of success in mining.
Condition-based maintenance can help reduce total maintenance costs by guiding the timing of maintenance, avoiding over-maintenance when not needed, and triggering maintenance sooner than might have been scheduled, ultimately avoiding expensive repairs from a more serious failure.
Even switching to usage-based predictive maintenance can help lower maintenance costs by avoiding performing unneeded maintenance on idle or lightly-used assets.
The incremental cost to instrument a critical asset is dropping rapidly thanks to the introduction of digital solutions within the mining space. Asset Performance Management, for example, can make a significant impact by giving real time visibility and actionable insights around the data that is captured within the mining operation.
This data from smart connected devices allows for much more precise and focused service that not only increases asset availability, but also reduces overall maintenance costs.
The power of vertical integration
The real power of these connected technologies, however, is the leverage they provide when integrated vertically across the mine.
For example, Wabtec worked with a South African operator to deploy a collision awareness system on a contractor’s fleet at their above ground mining operation. This in itself is not unique as many companies across South Africa are doing the same in order to comply with safety legislation.
What’s unique in this case is that the customer is using other solutions within Wabtec’s Digital Mine portfolio to help solve another problem: ensuring consistent feed grade of ore into the concentrator.
In this particular case, downstream processing was impacted due to the varying ore grade quality. Leveraging solutions from our Collision Awareness portfolio as well as Operations Performance Management technologies help operators blend the ore to get a consistent feed grade into the concentrator downstream.
For miners, controlling these sources of variability is ultimately the key to improving throughput and metal recovery.
Vertically integrated digital solutions are only scratching the surface of what’s possible. As this example also shows, mining companies in South Africa are actively embracing these solutions, and in doing so, are at the forefront of transforming themselves into fully fledged digital mines.
Embracing transformation
To take full advantage of the promise of the Industrial Internet, mining companies must develop an overall strategy that includes a full assessment of the continuously evolving ecosystem of solutions that will help them reach their goals.
It can seem like a daunting prospect, but by working with knowledgeable and experienced partners, the digital transformation process can be manageable and affordable to deliver exponential cost saving and productivity benefits.
At Wabtec we’ve learned that in order to make the transition to a digital mine, operators require support in multiple capacities. One of the ways we’ve been successful in assisting mining operators is by leveraging robust monitoring capabilities around the globe to better understand their operations.
Working from high-tech hubs around the world, we can monitor customer operators’ assets and operations with sophisticated software. When the software flags anomalies that require action, we work with our mining customers to drive the required action.
We also monitor ongoing processes on behalf of customer operators. This means, for example, that Wabtec’s Digital Mine can make sure control loops are finely tuned to optimizing ore grade recovery as a collective mine site.
As a result, operators are able to advance from being completely reactive to being on the front foot of taking a proactive stance and defining how they want to work based on data-based decisions.
The change management aspects of this process should not be underestimated. But in our experience, it’s eminently achievable and ultimately rewarding.
Those in the mining industry who embrace this need for industrial transformation sooner will have a distinct advantage over competitors who choose to delay their journey to modernisation and digitisation.
Kevin Shikoluk is Global Strategic Product & Marketing Leader, Digital Mine at Wabtec Corporation
E-Business
OpenAI Eyes Chrome Acquisition if Google is Forced to Sell

Nick Turley, OpenAI’s Head of Product, testified in Washington that the company would be interested in acquiring Google’s Chrome browser if antitrust enforcers succeed in forcing Alphabet to sell the popular web browser.
This testimony was part of a high-profile trial in which the US Department of Justice is pushing to break up Google’s monopoly in the online search and advertising markets, Reuters reported on Tuesday.
The DOJ’s case centres on Google’s dominance in online search, which it argues unfairly stifles competition. A key aspect of the DOJ’s proposed remedies includes requiring Google to divest assets, including its Chrome browser, to restore a more competitive search environment.
According to the report, Turley’s statement provided insight into OpenAI’s competitive positioning within the generative AI space.
He noted that Google’s refusal to partner with OpenAI for access to its search technology within ChatGPT had pushed the company to explore alternative partnerships, particularly with Microsoft’s Bing.
Turley had previously written that ChatGPT leads the consumer chatbot market and did not consider Google its biggest competitor, according to an internal OpenAI document presented by Google’s lawyers during the trial.
He clarified that the document was meant to inspire OpenAI employees and emphasised that the company would still benefit from distribution partnerships, Reuters reported.
Earlier in the day, Turley testified that Google rejected OpenAI’s bid to use its search technology within ChatGPT.
OpenAI had reached out to Google after experiencing issues with its own search provider, Turley said, though he did not identify the provider. ChatGPT currently uses Microsoft’s Bing for search.
“We believe having multiple partners, and in particular Google’s API, would enable us to provide a better product to users,” OpenAI had told Google in an email shown at the trial.
OpenAI first reached out in July, but Google declined the request in August, citing concerns about competition. “We have no partnership with Google today,” Turley said.
The trial also highlighted Google’s internal strategy, including efforts to secure exclusive search agreements with major Android device manufacturers like Samsung.
According to Turley, such exclusivity could hinder the development of competing AI technologies, like ChatGPT, which depend on a range of search and data sources.
E-Business
Digital Consumers are Driving a New Era of Online Shopping, Transforming how Nigerian Youth Buy

The digital revolution is hitting Nigeria’s retail scene fast, and it’s being powered by the country’s youth. Armed with smartphones and a demand for affordability, they’re shaping the e-commerce industry where convenience reigns supreme.
Nigeria’s internet users, reaching more than half its population, creates a strong foundation for e-commerce growth. This growth is significantly fueled by the nation’s youth, a substantial 160 million (70% of the population), whose tech-forward nature drives the popularity of platforms like Temu, satisfying their demand for accessible and budget-friendly online retail.
This generation has flipped the retail script. Value is their compass, price comparisons their weapon, social media their guide, and convenience their non-negotiable. This isn’t just shopping; it’s a calculated pursuit of savvy options, the widest selection, and the best value-for-money deals.
The power of finding a good deal is undeniable, especially for these shoppers watching their wallets. Social media is a testament to this, filled with posts celebrating the newfound ability to purchase items once considered luxuries.
Take Anwulika Udanoh (@Anwulika Udanoh on Facebook), for example. Her recent post, detailing her shopping experience on Temu, is a perfect snapshot of this online shopping revolution. She stumbled upon affordable jewelry on the platform, swayed by glowing reviews, and took a chance. What followed was a delightful surprise: customised earrings bearing her name, a feat once thought impossible.
Even her son’s friend jumped on the personalisation trend with custom pendants. ‘Their prices will shock you,’ she wrote, with genuine excitement. And despite any concerns about longevity, the sheer joy of affordable, personalised style at good quality won her over. That’s the power of this shift.
This goes beyond mere bargain hunting; it’s about empowerment. It’s about unlocking the ability to express your unique style without sacrificing your financial stability. It’s about finding those small sparks of joy, like personalised jewelry that feels uniquely yours. For many, these platforms are a portal to a more colourful and individually tailored life.
Then there’s the spirit of adventure, captured in a simple tweet by Steph (@steph on X): ‘ordered a couple of desk items, wish me luck.’ It’s the essence of a generation eager to discover new ways to elevate their everyday life.
Launched in the country in November 2024, Temu offers a diverse selection that aligns with the dynamic needs of young Nigerians. The direct-from-factory online marketplace is known for cutting out layers of middlemen and their associated markups and costs, passing on savings to consumers. Serving more than 90 markets globally, Temu has become one of the most visited e-commerce sites worldwide and a top Apple-recommended app of 2024.
Let’s be real: budgets matter. In a country where every naira is carefully considered, competitive pricing and accessible payment methods, aided by partnerships like Temu and Verve, empower Nigerian shoppers with greater choice and freedom to embrace trends while making the budget go beyond. It’s like opening up a world of possibilities.
Adding to the appeal is a user experience designed for the mobile age. With 193.9 million cellular connections, smartphones are the gateway to this digital world, and intuitive platforms allow for seamless browsing and purchasing on the go, perfectly aligning with the dynamic rhythms of young Nigerian life.
This mobile-first approach is further amplified by the power of social proof. In a nation of 31.60 million social media users, reviews and recommendations carry significant weight, transforming satisfied shoppers into passionate brand advocates.
A growing digital environment, particularly in urban areas, presents a rich opportunity for platforms that resonate with the aspirations of young people. They seek more than just products; they want to build online communities, create digital identities, and shape their lifestyles.
Real stories like those of Anwulika and Steph show that Temu isn’t just a place to shop, but a platform that’s unlocking joy, creativity, and financial freedom for Nigeria’s youth. Whether it’s personalised jewellery, playful desk accessories or everyday essentials, Temu is turning everyday purchases into moments of empowerment — proving that with the right platform, anything is possible.
E-Business
Gold Hits Record High Amid U.S. Dollar Weakness and Trade Tensions

Gold prices surged to a fresh record high on Monday, April 21, while the dollar weakened and global stock markets presented a mixed picture, as concerns mounted over former President Donald Trump’s escalating tariff strategy and his ongoing confrontation with the Federal Reserve.
Amid subdued activity due to continued Easter holiday closures in several markets, investors focused on the potential fallout from Trump’s latest trade moves and looked ahead to key economic data releases later this week that may shed light on the broader impact of the evolving U.S.-led trade war.
The administration’s tariff campaign has triggered swift responses from major economies. While some, like Japan, are reportedly seeking accommodations to ease Washington’s trade levies, China issued a sharp warning to governments not to negotiate at the expense of its interests. A spokesperson for China’s commerce ministry said Monday that appeasement and compromise would fail to win peace or respect, calling on nations to avoid sacrificing broader interests for temporary gains.
Beijing’s tone contrasted with Trump’s comments last Thursday in which he signaled ongoing discussions with China, expressing optimism about reaching a deal. However, tensions remain high, with China facing tariffs of up to 145 percent on some goods, and retaliating with duties of 125 percent on U.S. exports.
The growing uncertainty over the global economic outlook has driven investors toward safe haven assets. Gold climbed above $3,384 per ounce, buoyed both by the geopolitical instability and a weakening U.S. dollar. The dollar’s decline has been exacerbated by concerns over Trump’s comments directed at Federal Reserve Chair Jerome Powell, who warned that the tariffs could lead to a temporary rise in inflation and downplayed prospects for interest rate cuts.
Trump criticized Powell for his remarks and hinted at the possibility of removing him from office, stating: “If I want him out, he’ll be out of there real fast, believe me.” Powell has maintained that he will not step down and emphasized the legal foundation of the central bank’s independence.
The dollar fell against major currencies, with the yen and euro gaining strength. France’s finance minister Eric Lombard said Trump’s tariff policies had already damaged the credibility of the U.S. currency and warned that undermining the Federal Reserve would further shake investor confidence. Chicago Fed President Austan Goolsbee underscored the importance of central bank independence, calling it a near-universal principle among economists.
Asian stock markets reflected the uncertainty, with Tokyo’s Nikkei falling 1.2 percent, while gains were seen in Shanghai, Seoul, Singapore, Manila, and Jakarta. Oil prices declined amid renewed fears over global demand, with West Texas Intermediate and Brent crude both dropping 1.7 percent.
Investors are now watching closely for April manufacturing data from key economies, which are expected to provide early signals about the tangible effects of the tariffs. Analysts warn that U.S. fiscal and monetary policy are increasingly being viewed as volatile geopolitical forces rather than stable economic anchors. Stephen Innes of SPI Asset Management said the reputational damage to the U.S. economic brand is becoming entrenched, with global markets and allies adjusting expectations accordingly.
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