Fernando Acosta is Director of Economics and Environment at the International Copper Study Group (ICSG), where he works on global copper markets, investment, mineral policy and the economic forces shaping the mining industry. A Chilean Industrial and Mining Engineer, he holds postgraduate studies in economics from Australia and an MBA from London Business School. His career spans more than 18 years across mining operations, investment and financial analysis, strategic planning, consulting and public policy. He has advised governments, mining companies and industry organisations on major investment decisions, project evaluation, mineral markets and competitiveness. Fernando is a Certified Management Accountant (CMA), a financial modelling and valuation professional, and a published author who has lectured internationally on mineral economics, international trade and the mining industry.
AI in Mining: Opportunities and Challenges
Artificial intelligence is reshaping mining across the value chain, from mineral exploration and mine planning to processing, predictive maintenance, environmental monitoring and recycling. Its potential extends well beyond automation. AI can improve geological interpretation, strengthen decision-making under uncertainty, increase operational efficiency and safety, and support more effective use of energy, water and mineral resources. Yet these opportunities bring new challenges. The integration of intelligent systems raises questions around data quality, transparency, accountability, workforce capabilities and the continuing role of human judgement in critical decisions. At the same time, AI is becoming a significant source of mineral demand itself, as data centres, power infrastructure and advanced computing increase requirements for copper and other critical materials. The presentation examines this dual role of AI: as a technology capable of transforming how minerals are discovered and produced, and as a new force shaping the demand, competitiveness and strategic importance of the mining industry.
