Mineral startups pave the way for entrepreneurial development

Mineral startups pave the way for entrepreneurial development
  • 2020-07-25
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Since there are rich mineral reserves in our country and many mining industries have been built and developed over the past years, the creation of start-ups in this field should be given more attention.

According to the International Iranian Stone Exhibition, Iran has special capacities in the field of mineral reserves. The existence of rich energy resources along with these reserves provides the ground for the growth and development of the mining industry in the country, so this area has special advantages for the development of entrepreneurship. Creating mineral startups, on the one hand, provides the ground for entrepreneurship and, on the other hand, contributes to the growth and development of this sector. In fact, new material and spiritual values ​​can be created by using the capacities of this field and national capitals.

Establish a business tailored to your needs
Keyvan Jafari Tehrani, a senior international market expert, stated: Startups are often small businesses created by a number of entrepreneurs. But most of these businesses, especially in Iran, are liquidated shortly after their establishment. Often due to lack of financial resources or capital to continue their activities. Or in some cases they were formed with the wrong purpose and were not formed based on real need, so they were not successful in the action phase. As a result, the choice of the subject of activity in a way that meets the basic needs should be considered by these entrepreneurs.

He added: "Since there are rich mineral reserves in our country and several mining industries have been built and developed over the past years, the creation of start-ups in this area should be given more attention." For example, in many cases we see that many startups are designed for road transport in the field of mineral transport and have somehow created a business. But it is better for these businesses to be professionally designed to meet the needs of the community and the country. At the same time, it should be noted that the prosperity of such entrepreneurial activities needs government support.

Startups help with exploration
Homa Moayed Jafari, another market expert, added: "Most startups are created by the private sector, but the continuation of their activities requires financial support." In such a situation, policymakers and policymakers are expected to support new ideas, announce a public call for issues that need startups, and have experts present to design and create them. Government institutions will continue to provide financial support for them.

He noted that the creation of startups is not going to lead to an economic miracle in the country and solve all the economic challenges of one sector. The country is currently in a difficult economic situation. We do not expect startups to make money alone. The presence of these complexes in the mining sector is used in cases such as project management and mine management, location identification of reserves, etc. Although there are many challenges along the way, such as international sanctions, it must be acknowledged that harnessing the power of startups helps a lot in exploration.

Modeling the performance of other countries
Moayed Jafari, a market expert in this field, said: "Studying the performance of start-ups in different countries in the field of mining and mineral industries is of special importance because it leads to more and stronger knowledge of activists and policy makers in this field." Given the history of other countries in taking advantage of this new entrepreneurship in the field of mining, modeling it helps a lot in the success of start-up businesses.

He added: "India first started discussing the development of mining startups in earnest in 2015." This year, the country drew up a comprehensive steel plan; Therefore, the plan to produce 250 million tons of steel in 2030 was targeted by this country. Of course, the plan was reviewed in 2016 and the project to produce 300 million tons of steel by 2031 was key. The development plan was very ambitious considering the country's steel production capacity in 2015, which was equal to seventy-five million tons.

He said: "Now, five years after the approval of the steel development plan in this country, India is in the second place in the world with the production of about one hundred and ten million tons of steel. Of course, it is expected that the country's steel production capacity is more than one hundred and ten million tons; That means the country has already built 150 million tons of steel production capacity, but it is not mentioned in official announcements to suddenly set a record high.

The special role of startups in the development of Indian steel
In this regard, Jafari Tehrani stressed that startups have played a special role in growing India's steel production capacity. That is, taking advantage of these start-ups has a significant impact on achieving predetermined goals.

India's iron ore and coal production in 2015 was reported to be 200 million tonnes and 400 million tonnes per year, respectively. In the development plan related to increasing the country's steel production capacity, it is stipulated that the country's iron ore and coal production capacity will double in 2025 and increase to four hundred and eight hundred million tons per year, respectively.

Many startups started working to achieve this goal. Major Indian steel companies also stepped in and sponsored the projects in question. For example, the Asar Steel Plant in India, although not in a good financial position, became an investor in the mining start-ups. Subsequently, several activities in various fields such as mine management, consulting, exploration, auditing, rehabilitation and selection of machinery were successfully implemented. Such actions even helped the company manage and improve its financial situation. India is the sixth largest mining country in the world in terms of mining startups.

"Australia is a world with rich mineral reserves," said the senior international market expert. Experience shows that the creation and development of mining startups has had a significant impact on the development of the mining sector in this country. Communication of machines through wireless system and information control, mining monitoring with the help of UAVs, use of driverless mining machines, new remote control exploration devices, numerical modeling to discover huge mineral reserves, etc. are among the activities with the help of mining startups. Have been implemented in this country.

Most of Australia's iron ore reserves are located on the surface, so the use of mineral startups has had a significant impact on the exploration and extraction of other mineral resources such as gold, copper, etc.

Three-dimensional imaging, drilling based on technical analysis of the market, etc. are other start-up activities that continue to be considered using mineral software. These softwares perform advanced analysis; That is, with their help, comprehensive information can be obtained on mineral reserves and their adaptation to the global market situation. In fact, it is suggested that you explore and extract which resources are your priority, given the current situation, price trends, market needs and other necessary indicators.

Artificial intelligence is another item that has been widely used in the activities of the Australian mining sector. Mineral production with artificial intelligence is used in connection with the tires of mining machines such as trucks and dump trucks, etc. For example, if a large rock is placed in the path of these machines, a report is sent to the center to remove the rock or any other obstacle to prevent damage to the tires. At the same time, monitoring the recycling system, water treatment and waste management has been made possible by taking advantage of this new entrepreneurship in the form of start-ups.

Successful countries in using the power of startups
Jafari Tehrani said: "The study of the world's mining startups shows that about thirty-seven percent of them belong to the technology sector, twenty-six percent of these startups are used in the management of mining activities, ten percent work in the field of mineral environment, ten percent Others are designed for financial issues, seven percent of startups are dedicated to infrastructure, eight percent are designed for human resources, and the remaining two percent are other startups. Undoubtedly, the mentioned design and development of startups in each field is defined based on the needs of each section. There are a total of one hundred and ninety-four mining startups operating globally. Of the one hundred and ninety-four mining startups mentioned, forty-three, equivalent to forty-one percent of all mining startups in the world, have been built and implemented by Australia.

Forty-one mining startups, 21 percent of the total, were designed and implemented by the United States. Twenty-six mining startups, or 13 percent, from Canada, twenty-four mining startups, or 12 percent from Chile, and eleven mining startups, or 6 percent, from South Africa.

With six startups, India ranks sixth in the world in terms of the number of mining startups. Russia, Mexico, Ghana, the United Kingdom and Ireland each make up two percent of the world's mining startups by building three mining startups. The rest of the world accounts for a total of 28 mineral mining startups, accounting for 15% of the global share.

Of the one hundred and ninety-four mining startups in the world, the top ten are the best in terms of use and number of times in the world in Australia with four (respectively in Brisbane, Melbourne, Perth and Sydney), Canada With three cases (in Calgary, Toronto and Ottawa), the United States with two cases (in Santiago and San Francisco) and South Africa with one case (in Johannesburg). Among the top ten mining startups in the world as described above, the Santiago Startup ranks first in the world in terms of everything (ease of use, cost savings, initiative, innovation, high efficiency and reasonable price).