The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Founders Factory unveils first cohort of companies developing innovative solutions for more productive and sustainable mining. Founders Factory has unveiled the first cohort of startups under its Mining Tech Accelerator, a program being advanced in partnership with Rio Tinto to discover and foster breakthrough technologies with the potential to transform the way mining companies deliver the minerals and metals the world needs. To build upon its legacy of innovation and...
Low Earth orbit satellites connect modern remote mining operations, especially in the northern hemisphere. A revolutionary connectivity solution by SpaceX is gaining popularity with remote mining and exploration operations from North America to the UK and beyond. The Starlink satellite constellation is a highly anticipated update to today's modern mine connectivity, offering an effective alternative to fiberoptic or satellite broadband when you're out in the middle of...
Mining equipment and tech company will showcase "future of mining" innovations at world's largest mining event. Net-zero. Connected. Digitized. Automated. Electrified. These are some of the adjectives Sandvik is using to describe its vision for the "future of mining," which will be on full display at the global mining technology and equipment company's 21,000-square-foot exhibit in the Central Hall of MINExpo International 2024 in Las Vegas, Nevada. A global mining...
Global mine electrification and hoisting leader is helping accelerate the commercialization of an innovative underground ore hauling solution. The team behind Economical Energy's innovative Viper underground gravity battery for renewable energy storage has now launched an equally innovative solution for the vertical transport of material out of underground mines. The new Australian startup, EcoHoist, is on a mission to decarbonize underground mines by replacing the trucks...
Mining companies look to Gravitricity's gravity energy storage tech as anopportunity to extend usefulness of mine shafts after the ore is gone. Energy storage is the lynchpin of a clean energy future that will rely on enormous quantities of zero-carbon electricity from intermittent sources such as wind and solar. After all, the billions of lightbulbs illuminating a city at night or millions of air conditioners keeping homes and businesses cool on a still summer day do not...
Mining consultant is assisting in the deployment of EcoHoist's innovative ore hoisting tech. EcoHoist's lateral thinking when it comes to developing an economical solution for the vertical transport of material out of underground mines has drawn the attention of Mining One, an Australia-based consultancy firm for the mining sector. "Ensuring safe and efficient haulage underground is becoming increasingly challenging," said Gary Davidson, principal mining engineer at Mining...
Hypervine launches a service that allows users to receive unlimited satellite surveys and reports for a low monthly fee. From gaining a detailed overhead view of the predevelopment landscape to grabbing a snapshot of current conditions and monitoring changes over time, satellite imagery is revolutionizing the planning and operations of modern mines. However, the cost for a satellite to take a snapshot of a mine can be high, and many traditional technologies cannot image the gr...
Invests $10 million for PHYTOMINES, a project to investigate the potential of using hyperaccumulating plants to draw nickel from soil. Will we soon be able to farm some of the nickel needed for lithium-ion batteries? The U.S. Department of Energy is investing $10 million to find out. The idea of using plants to extract nickel from soil is not as far-fetched as it may sound. Researchers have identified plants in Malaysia known as hyperaccumulators that thrive in nickel-rich env...
Looking to put some order into the modern mine, Hivekit Inc. has released an operations management system for the mining and metals industry, providing a cloud-based platform able to track individuals, vehicles, equipment, and other data sources– replicated as a three-dimensional digital twin – allowing management in the virtual before taking it to reality. Founded in 2023, Hivekit is the result of five years of research and development into creating a new way of wor...
Buys a rock quarry in Finland to test next-gen surface drilling tech in a real-world mine environment. To further support its endeavors to develop the next generation of electrified and autonomous mining equipment, Sandvik has acquired an open pit mine site in Finland to ready new drilling technologies for real-world applications. "Testing is a major part of our R&D cycle. This new test mine will help us shorten time to market and verify even more swiftly that we're...
$2.1M awarded to three companies advancing tech for more sustainable, productive mining The Greater Sudbury region of Ontario is so enriched with deposits containing nickel and other metals needed for the clean energy transition that one of the area's parliamentary districts is named Nickel Belt. Looking to also be an epicenter of sustainable mining technologies, Marc Serré, member of parliament for Nickel Belt, and Viviane Lapointe, member of parliament for the neighboring...
Established in 1891, Hecla Mining Company has survived two global pandemics, two World Wars, the Great Depression, and numerous crests and troughs of a cyclical metals market that has sunk many of the silver miner's contemporaries over the past 130 years. One of the reasons for this long-lived success is a readiness to adapt to change and the vision to adopt new technologies that maximize safety, improve efficiency, and reduce the environmental footprint of its operations in...
Best known for the brawn of the enormous earthmoving machines it manufactures for mining operations around the globe, Caterpillar Inc. showcased its brainy side during the Consumer Electronics Show (CES) 2021 held from Jan. 11 to Jan. 14. "People may ask why a manufacturing company like Caterpillar has decided to participate in CES," said Denise Johnson, president of the Caterpillar resource industries group. "The real question is 'why not?' We're proud of our reputation for...
I-ROX tech utilizes micro electrical bursts to pulverize at lower costs and less energy than traditional milling. Could microbursts of electricity be used to discover hidden mineral deposits, drill down into those discoveries for sampling, and then pulverize rock in the discovered deposits to extract the minerals contained within? BHP believes it is possible and is collaborating with I-Pulse Inc. to advance pulsed-power technology for mining. BHP is particularly interested in...
PNNL to verify G1 Graphite material for EV batteries; Sandia to explore innovative green tech to extract critical minerals. Toward its goal of establishing an all-American supply chain for the graphite that goes into the lithium-ion batteries powering the transition to electric vehicles charged with low-carbon energy, Graphite One Inc. is working with two U.S. Department of Energy national laboratories for the testing of active anode material made from graphite sourced from...
OZ Minerals, Rio Tinto and Boliden launch initiative that encourages entrepreneurs to reimagine mining and mine tailings. Setting aside professional rivalries for the greater good, OZ Minerals, Boliden, and Rio Tinto have joined forces to nurture new technologies that will reduce the environmental risks posed by mine tailings and extract value from these materials currently considered waste after the targeted metals are extracted. "It isn't very often that competitors come...
Immersive Technologies, one of the world's largest, proven and tested suppliers of surface and underground advanced mining equipment simulators, and Hitachi Construction Machinery Co. have extended their longstanding relationship. The exclusive technical license agreement between the two companies provides a framework for Immersive Technologies and Hitachi to further collaborate in the development of simulator equipment solutions to meet mining industry demand and...
As a part of their commitment to lowering carbon emissions, many global mining companies would like to transform their large haul trucks from diesel to electric. This transition, however, has one big hurdle – the time it takes to charge up these enormous earthmovers takes away from productivity or requires mining operations to buy more of these multi-million dollar electric trucks to do the same work as their diesel counterparts. To find solutions to this dilemma, three of t...
Mining companies, equipment manufacturers, engineering firms, tech companies, and universities have come together under a European Union-funded program aimed at developing new technologies, methods, and processes to increase the efficiency and sustainability of global mining operations. This three-year project known as Next-Generation Carbon-Neutral Pilots for Smart Intelligent Mining Systems, or NEXGEN SIMS, is building upon the successful sustainable mining operations...
A collaboration between Prospector, an emerging company that is elevating mining sector investment into the digital age, and TMX Datalinx, the information services division of TMX Group, will offer investors a one-stop shop for digging deeper into more than 1,100 mining and mineral exploration companies listed on Canada's Toronto Stock Exchange (TSX) and Toronto Venture Exchange (TSX-V). The brainchild of Emily King, a geologist and visionary with extensive mining industry...
Shell and IBM have joined forces to create Oren, a global business-to-business digital mining services marketplace platform aimed at helping companies find solutions related to mine safety, sustainability, planning, and operational efficiency. The incorporation of artificial intelligence, blockchain, autonomous mining equipment, ore sorting, predictive maintenance, drones, and remote health and safety monitoring technologies have been increasingly adopted by the mining sector...
Axora, a new cross-industry innovation hub providing a global marketplace of digital solutions, has launched an online resource center aimed at helping mining companies rebound from and thrive after the COVID-19 pandemic. This "Smart Mining" resource center provides the latest industry insights and access to digital solutions and technologies which mining companies can adopt to accelerate their business growth, reduce wasted investment, and avoid duplication. "The downtime cau...
With its sights set on supporting North and South America's mining sectors with a growing line of equipment and technological innovations, Hitachi has broken ties with John Deere and launched Hitachi Construction Machinery Americas Inc. Hitachi and Deere have been working together since the 1960s and officially forged a partnership to build and distribute excavators in the United States during 1988. This joint venture, which brought together Hitachi Construction Machinery's...
Copper State Bolt & Nut Co.'s revolutionary BoltSense family of services and products offers a vital piece in the cog that keeps the mining wheels turning – fasteners. Copper State Bolt & Nut is one of the few companies that provide innovative solutions to this small yet vital element to all industrial work. Based out of its namesake, Arizona, Copper State has been providing fasteners since its inception in 1972. Yet, it was not long until it moved into the industry that r...
Microsoft believes technologies hold the key to a thriving global mining industry and is showcasing how its digital solutions can transform this crucial sector of the South Africa economy. "Mining is a critical industry in South Africa, and has historically been a major contributor to the country's GDP (gross domestic product), tax revenue and employment – last year alone, the mining sector employed over 450,000 people, contributed 24.3 billion Rand (US$1.5 billion) in taxes a...
