The Elements of Innovation Discovered
The Elements of Innovation Discovered
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A promising concept in the mining industry, utilizing the technology of artificial intelligence to accomplish never before dreamed of precision in mineral deposit discovery. While not an entirely new concept, as companies become more familiar with machine learning, the rate of success in its calculations can only grow. Finding buried lodes of metals that are economic to mines has become more difficult with time. If you examine the past twenty years of exploration expenditure...
Minerbots unite! With an arsenal of lasers and explosives able to reduce mineral-rich bedrock to rubble before morphing into trucks, loaders and other heavy equipment to deliver ore to processing plants that extract the sought-after metals, the Transformers of movie fame would make great miners! While today's mines do not currently employ Optimus Prime-like automatons to produce the metals the world needs and wants, they have developed non-transforming robots on a grandiose...
Understanding that the transition to renewable energy is going to require a vast amount of metals yet mining them consumes a lot of energy, Teck Resources Ltd. is joining a growing number of mining companies with aims of becoming carbon neutral. On Feb. 3, the diversified Canada-based miner announced a goal to be carbon neutral across all operations and activities by 2050. "Setting the objective to be carbon neutral by 2050 is an important step forward in our commitment to...
Artificial intelligence and real boots-on-the ground geological investigations have resulted in a significant new high-grade gold discovery at New Found Gold Corp.'s Queensway project in Newfoundland. Formerly known as the Linear project, Queensway is a massive land package covering at least 17 known high-grade gold showings along a roughly 55-mile- (88 kilometers) stretch of the Central Newfoundland Gold Belt. To help identify the best drill targets across this roughly...
High-speed networking and interconnected devices, which form a unified whole, are opening a new realm of possibilities for consumer and company alike. As the world continues to become more digitally interconnected, the value of companies and their success can almost be directly linked to how quickly they adapt and utilize newer technologies. We can see remnants of bygone eras still lingering in many industries, including mining, in an era where the speed of development of new...
Whether it is a necklace from Tiffany & Co., an Apple iPhone or a pre-ordered Tesla Cybertruck, many buyers want to know that the metals going into the products they are purchasing are sourced ethically and sustainably. Metals pass through many hands on their way from mine to consumer, which can make it hard to ensure the source of the minerals. This adds time and cost and origins tend to become convoluted and even questionable. As we evolve into the digital age, recording...
When it comes to emerging mining technologies, high-speed wireless networks and drones are the top investment choices of companies seeking to discover new deposits and mine them more efficiently. A recent survey by GlobalData, a London, England-based analytics and research firm, found that 61 percent of mine sites around the globe have already made significant investments in fully implemented mine communication systems, such as private LTE networks or 5G. This is up from...
Companies have begun using drones in many industries around the world. One of the most interesting is the effectiveness of drones in the mining industry. The economic benefits of drones are becoming more obvious as industry experts focus on specific problems drones may be able to solve. Drones have proven to be particularly well-suited for discovering new mineral deposits, as well as safely and efficiently tackling some of the tough tasks around operating mines. These...
Australia, which already sits at the cutting edge of mining innovation, is investing heavily into ensuring Aussie miners remain on the cusp of emerging technologies that make the sector more efficient, sustainable and safer. Toward this goal, the Australian government and private sector partners are investing more than A$27 million in mining technologies, training and research. This includes A$12.5 million in funding, from the Australian government and industry organizations,...
From the enormous equipment that dig up and haul ore to processing facilities that extract the sought-after metals, mines use a lot of energy. Over the past century, the largest share of this energy has come from fossil fuels. In recent years, however, an increasing amount of mine power is coming from renewable sources such as wind and solar. Many mines are in remote locations that are beyond the reach of electrical grids, making them ideal for considering renewable sources...
Space, the final frontier... No, this isn't the opening credits of Star Trek; though that would be appropriate. Since man has set himself among the stars, he has wondered at the possibilities and the riches it might have. In 1967, during the Space Race when no one was sure who would get to the moon first, the United Nations passed a resolution stating that no country could claim ownership of the moon. In 1969, the United States landed on the moon, planted a flag, and took...
