A mining firm, Prateek Suri’s Mining Ventures, has announced its intention to enhance mining services through technology.
In a statement, the firm noted that in Africa, mining was not merely about extraction, but represented a holistic approach that integrated technology for enhanced efficiency and sustainability.
It stated, “With a commitment to leveraging artificial intelligence and advanced robotics, Suri’s vision is to revolutionise traditional mining practices.
However, it noted that Africa boasts an abundance of natural resources, ranging from precious metals and minerals to energy resources, adding that despite this wealth, the mining sector had faced challenges, including outdated infrastructure, regulatory complexities, and fluctuating commodity prices.
It added, “Prateek Suri recognises these challenges as opportunities and envisions a future where strategic investments propel Africa into a mining powerhouse. Nigeria, with its vast mineral reserves, has become a focal point for Prateek Suri’s mining ambitions.
“His strategic investments in the Nigerian mining landscape are a testament to his confidence in the nation’s potential. From gold and tin to coal and gemstones, Nigeria’s diverse mineral wealth aligns seamlessly with Suri’s vision of comprehensive and sustainable resource utilisation.
“AI algorithms employed in exploration processes analyse geological data with unprecedented accuracy, streamlining the identification of valuable mining sites. Robotic technologies, guided by artificial intelligence, bring precision to excavation and transportation processes, significantly improving operational efficiency.”
Meanwhile, by incorporating sustainable practices, the firm noted that it aimed to set a standard for ethical mining operations across the continent.
“In an era where sustainability is paramount, Prateek Suri is spearheading a paradigm shift towards eco-friendly mining practices. His initiatives prioritise responsible resource management, minimising environmental impact, and fostering positive relationships with local communities.
“Beyond extracting valuable resources, Prateek Suri’s mining ventures emphasise community empowerment. Initiatives are underway to create employment opportunities, develop local skills, and foster entrepreneurship.
“By investing in the well-being of local communities, Suri aims to ensure that the benefits of mining extend beyond corporate profits, contributing to broader societal prosperity.”
The Federal Government recently outlawed the regulation of mining in the country by state governments.
