Underground mining involves numerous risks, such as collapses, gas leaks, and explosions, posing significant threats to worker safety. In this work, we develop an indoor localization system that uses Bluetooth for coarse positioning and ultrasonic arrays for precision calibration. This system is particularly useful for automated mining operations in underground environments where satellite positioning signals are unavailable. The indoor localization system consists of ultrasonic receiver arrays and an improved multi-transmitter-multi-receiver algorithm, enabling accurate localization within the mining environment. Geometric Dilution of Precision (GDOP) analysis is incorporated to optimize the network layout, and an inertial navigation module is integrated to track the posture of moving objects, enabling precise trajectory determination over large areas, such as coal mines. In the experiment, three traditional methods were compared, and the proposed tracking approach demonstrated a positioning accuracy within 10 cm, reducing error by 20% compared to conventional techniques. This high-precision indoor localization method proves beneficial for underground mining applications.