The Hytera 4G LTE Intelligent Communications Solution for Mining offers an integrated platform capable of supporting a wide range of audio, video, data and M2M/IoT applications suitable for surface, strip, open-pit and underground mining.

Global trends impacting the mining industry

The mining and metals industry faces a number of challenges including fluctuating demand for ores and metals, excess capacity, and increased competition from competing materials, leading to weaker prices. The most accessible high-quality deposits are already being exploited, forcing the industry to develop lower-quality ores in more remote regions.

Mining faces more stringent environmental and safety regulations and the requirement to engage more with local communities. The industry also suffers from an ageing workforce, but is finding it hard to recruit younger people with modern technological skills. All of these factors are driving up costs.

Development and value trends

To meet these challenges, mining companies must reduce operating costs and boost efficiency, productivity and safety if they are to achieve profitability. Increased digitalization of the industry is one way to do this.

Greater investment in automation, robotics, in-pit mobility solutions, data-centric analytics and the creation of a digitally enabled workforce is key. Digitally enabled hardware tools are being deployed to perform or improve activities that have traditionally been carried out manually or with human-controlled machinery.

But too often automated processes, IT layers, communication systems and monitoring regimes operate in silos. To achieve the real benefits of digitalization, the industry needs to become an integrated enterprise using connected platforms supported by next-generation analytics.

Field teams can be empowered by using connected audio, video and data mobility solutions, along with virtual and augmented reality applications. By leveraging algorithms and artificial intelligence to process data from telemetry and SCADA systems, mining companies can exploit big data analytics. This information will improve real-time situational awareness and decision making, as well as providing valuable data to shape future projections and strategies.

How digital communication solutions benefit the mining industry

The Hytera Intelligent Communications Solution for Mining can help the industry realize the benefits of digitization. It provides a highly transportable end-to-end broadband solution including terminals, network, data center and command and dispatch center. It is capable of supporting sophisticated automation, data analytics, and all the voice, video, data and M2M/IoT applications used in the mining industry.

The fully 3GPP-compliant 4G/5G solution provides a complete wireless broadband network including radio access network (RAN), backhaul, LTE core, device and network management. Multiple services can be run simultaneously over the high throughput and resilient 4/5G network, including: Mission Critical Push-to-X (Voice/Data/Video); real-time video streaming; telemetry/SCADA; and M2M/IoT sensor monitoring. Low latency transmission rates (less than 100ms) enable precise control of remote automated operations.

The various technologies can all be managed using one unified command and visualized dispatch center and a remote control center, which receive and distribute real-time information from and to the field operations. The network infrastructure also supports intelligent data analytics and artificial intelligence applications.

Hytera's communications solutions support the mining industry

Hytera's solutions have been successfully applied in the mining industry where they have helped customers solve their communication problems. For example, JSC AK Altynalmas has deployed a Hytera Hytalk (PoC) LTE platform and terminals in Kazakhstan, while the Letpadaung Copper Mine in Myanmar is using an integrated Hytera DMR and LTE solution.

Hytera's Intelligent Communications Solution for Mining provides instant voice, video and data communications to deliver team members the information they need to know to carry out their work. Hytera's communications solution supports a rich ecosystem of real-time intelligence, which enables teams to work more efficiently, productively and safely.

There were fears by some economic pundits that this would happen as a direct consequence of the 2019 Osaka Summit. The Big G20 Osaka Summit acknowledged that the world economy was generally stuttering. The conference even seemed to call for sweeping austerity measures to counteract this. Indeed, at some point, there were valid fears that the major currencies of many countries, including China and Japan, would suffer. This was even though these are some of the most stable currencies in Asia and the world. Happily, to boost exports among nations and increase healthy commercial competition, the G-20 Osaka summit, instead made a resolution to discourage the emerging trend from devaluing major world currencies, including that of China.

The summit resolved not to be a party to the trend of using competitive devaluation to achieve economic goals. This seems to be the direction that many other nations also believe is the right way. Moreover, the Beijing government reiterated that China would not allow its national currency, the Yuan to depreciate as the fiscal policy on these exchange rates are clear. Further, all the six major Asian countries who are members of the G-20 concurred with this position. These countries include China, Japan, India, Indonesia, Australia, and South Korea.They all agreed with the decision discouraging countries from engaging in the competitive devaluation of their currencies.

What is the Significance of the New Plaza Accord?

Volatile exchange rates together with disorderly movements can indeed impact the financial stability of any economy negatively. A special communique of the G20 clearly outlined this. It was resolved that the G-20 countries would not target currency exchange rates resulting in competitive devaluation. Indeed, the first Plaza Accord was structured in such a manner that it could even devalue the value the mighty US dollar itself! As the situation stands, the new accord is significantly different from the previous one. The communique itself puts out a direct statement with regards to this.

Will these fiscal policies boost Japan and China's Economy?

The Bank of Japan has introduced negative interest rates in an attempt to hit a two-percent inflation targeted goal. The country has also implemented structural reform. In this strategy, bills have been fostered to strengthen specific structural changes. This also includes labor market reform. Japan has shown that it is adhering to the G-20 agreements and policies. This has been done by the nation's incorporation of all the tools to achieve its balanced goals.

What are the Consequences of the negative interest policy?

The Japanese Yen and the Tokyo stock market fluctuated even when the Bank of Japan suddenly introduced negative interest rates. The Japanese economy is, however, steadily expanding. Regardless, unlike the European and US economy, Japan's economy is much more stable and does not fluctuate too much. This is the reason why the Yen is still widely considered by financial pundits as a relative haven for investors. The exchange rate's movement is, however, quite radical and hard to predict. This poses a problem for whoever wishes to discern whether the Yen's value is actually falling or not

The idea advanced by the adverse interest policy was to effect a reduction of the yield curve's starting point. The curve was projected to decline, thus affecting its short end. The interest rates capped on housing and loans have been significantly reduced by most commercial banks. This was in direct response to the decline of the yield curve. There is, however, a big difference in the effects of the negative interest rates vis a vis the impact of the exchange rate movement on the markets.

What is the Impact of Negative Interest Rates on Banking?

In reality, negative interest rates have little impact on the banking industry. This is a well-designed scheme that only results in a limited increase of reserves to a rate of about 0.1 percent. The rest of the reserve continuously receives the opposite effect in favorable interest rates.

Will the Federal Reserve Bank raise the interest rates?

Generally, policies of the Federal Bank of America are usually transparent and continues to depend on crucial data. For this reason, the increase or decrease in general interest rates are completely influenced by data prepared by the bank . The rates increase only if the data allows it. Moreover, the reserve bank determines whether the economy is strong enough to support this, thereby impacting either an increase or decline.

Are you, as a company or enterprise, considering whether to start a business in China? That is a good idea that might result in colossal profitability in the future. Indeed, you will get quite a few options to pick from. Let us consider a few business ideas that can start you off to a journey of grand achievements in the future. Remember that, China is a vast nation with a population of more than one billion people. The markets are therefore pretty huge! So, what are some of these commercially viable alternatives that can change the fortunes of a business?

The first option is in the field of learning. Can you imagine a billion people who are thirsty and need to quench their thirst for knowledge? Yes, you can decide to become an education provider. Many opportunities actually exist for educators. This is even though Chinese Universities exercise strict control over U.S-type education that is offered in the country. Some great opportunities also exist for foreign teachers in the management, vocational, and language schools in the country. You might, however, need to create a partnership with a citizen of China because you must acquire a licensing authority given by the Ministry of Education. This is prescribed by law and necessary for people who want to engage in educating Chinese nationals.

Winemaker

The other business to consider involves becoming a winemaker. Indeed, many Winemakers from such distant ends of the earth as Washington and Oregon States of the US are already making good progress in the Chinese wine industry. There are plenty of openings for foreign wineries and spirits industry that anyone could exploit to his advantage. There are things you must do succeed in such an endeavor. For one, you must keep yourself aware of the local tastes and industry price points. You may decide to import processed food. There is an existing large market, providing openings for small businesses, that an enterprising business can thrive on.

There is another important factor that impacts on business here: Millions of people in China have progressively moved to the nation's towns and cities, driven by the desire for convenience and enjoyment of the 21st-century lifestyle. This has had an impact on the type of food they consume. Most of the population also need things like more professional jobs. In the end, all this has created a need for food and household products, dictating industry, and business dynamics.

Construction and Medicine

China runs one of the world's most vibrant construction industries. The country is also a key player in the solar industry. Moreover, it institutes a rigid industry-standard to control this business and create the right environment for investors. The country has plans to boost long-lasting, eco-friendly structures. This has gradually created a significant need for manufacturers dealing with renewable energy and associated items from green buildings.

Yes, there is also a highly lucrative market existing in China for high-tech medical providers from other countries. The nation's aging population, together with the reforms instituted in health care, has birthed and ensured that this niche thrives. Admittedly, Western service providers will generally face challenges like obtaining state registration for commercial products, pricing, and factors like intellectual property registration. Do you wish to get comprehensive advance information on these kinds of investment in China? You are quite fortunate. The US Commercial Service provides the perfect source for this kind of information, going beyond the basics to give contacts and every other vital information to help you make wise decisions.

China will top the World

Pundits predict that the great nation of China will be the world's number one economy, ahead of the US and other top industrial nations, in just ten years coming. Yes, China will be the top industrial state, controlling the largest economy in the world! Many businesses already consider the Chinese economy and industry as the beacon of stability and prosperity for the world's future. The nation's tradition and culture will be vastly new to a foreigner, and this means you must be prepared to survive in a highly bureaucratic environment. China may be described as an established cultural enterprise that has maintained its rich tradition for centuries.There is, therefore, little room for any entrepreneur displaying what may be called 'a cowboy attitude'. Any business will fail if it tries to operate by its own rules. Yes, it is difficult to change any centuries-old traditional practices, regardless of where you are in the world. China is no exception.

The Chinese insurance sector is currently roaring and bustling. Overall, it emits a feeling akin to swimming in a refreshing pool on a hot afternoon! What is more, the insurance business is fast persuading hordes of fresh consumers, investors, and firms, especially by reinforcing excellent security and cash. What is behind the runaway success of the booming Chinese insurance? No big secret. It has a lot to do with a new, summerlike, business environment that is strongly supported by the Beijing government. Happily, things have become even easier for insurance companies. They now provide consumers with all types of services.

In 2012, the Chinese Insurance Regulatory Commission arranged for a policy that pushes for vast simplification of business. This helped most insurance firms to expand, profiting well from investments in a variety of financial services, bonds and stocks.

How have many Chinese life insurance companies performed in this bustling environment? In times past, the firms did not have many issues with liquidity. Why? The debts they dealt with were mainly long term. As time went by, however, the short term liabilities gradually placed most companies at a higher risk.

Risk Factors

Speaking about business opportunities, the risks were soon absorbed in the booming insurance environment. According to a reliable industry authority, up to the end of February 2018, the Chinese Insurance Regulatory Commission has been busy processing applications from more than a hundred and thirty new companies that wish to establish their business by selling insurance bonds.More recently, officials of the CIRC, in a meeting convened to guide the Chinese insurance firms, made a most interesting declaration. The authorities revealed that most of the shareholders were clandestinely using insurers to gain funds for anonymous firms secretly. The range of the funds involved was generally undisclosed.

This was a truly startling revelation that exposed the soft underbelly of the Chinese insurance sector. Moreover, this pointed government statement served as a subtle warning to firms that would not toe the line to be aware that a notice had been served. It was not left to doubt that the government is keenly aware of the activities of these firms and would act when necessary. Further, the situation catalyzed a groundbreaking spirit, since most new insurance firms have come up only in recent years. Indeed, since February, more than a hundred new companies sought operating business license from the government.

Simplification

The simplification of business, as well as its steady rise, has been the trademark of Mr. Xiang, the current CIRC chairman's tenure. His tenure at the helm of the CIRC began in 2011. Since then, he has capably steered impressive commercial improvements in the areas of firm policy, insurer fund investments, and policy premium rates. On February 22nd, there was a fascinating interview done with Caixin touching on matters to do with Chinese insurance. Xiang, for his part, has been aware that the climate of reform in China is progressively evolving, becoming ever sophisticated, owing to the recent economic downturn. This financial meltdown has been spreading rapidly through China, particularly since 2014.

Interestingly, regarding the risks for the Chinese economy, Xiang humbly admitted that there are quite a few risks involved. He said that, as the economic meltdown gains ground, some sectors, like that of the insurance rapidly expand, impacting on assets, investments, companies, and clients. This is paradoxical since the other branches of the economy are affected negatively by the slightest signs of economic downturn or slowdown. Xiang is, however, quite confident that the state regulatory machination is the right way to go for China, especially because it won enthusiastic support from the Beijing government officers, at the highest level. No wonder, it was only a question of time before he took the pivotal post and job as the CIRC chairman.

Insurance Boom

Information emanating from Ministry officials in the central government indicated that the main task for the insurance sector has always been to open up the space for new insurance fund investments. This is in accordance with the statement released by Xiang. He also said that the industry faces different hurdles and probabilities too.

Caution must, however, be exercised as the watchword for most newbies in Chinese business. How? Having discovered an opportunity for earning, there are several other factors to consider. These include short term, non-conventional insurance plants. Such plans give ample coverage for some three months, at most.