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Goldplat plc

Industry 4.0: Mining is making its move

Many different materials have held the title of “most important” resource over the course of history. Now, Industry 4.0 is another contender.

A player that in reality is not even a substance at all: data. Industrial companies believe they can benefit from this evolution or revolution, that some call Industry 4.0, others digitalisation, Big Data or Internet of Things.

The manufacturing industry is already embracing Industry 4.0 and mining is no exception.

Data is already produced in abundance within a mining operation: process information from the field, inventory values, plant status and market prices to name a few.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.