The Elements of Innovation Discovered
The Elements of Innovation Discovered
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The global shift to renewable energy sources, such as wind and solar, and electric vehicles (EV) requires a vast amount of several minerals and metals. While supplying the huge amount of mined materials needed for the coming clean energy transition poses challenges, especially if not managed responsibly and sustainably, World Bank Group sees economic opportunities for some of the world's poorest regions. "The World Bank supports a low-carbon transition where mining is...
The cost savings offered by artificial intelligence-powered predictive maintenance, compared to standard preventative maintenance, is a game-changer for mining and other commercial enterprises. "Reactive maintenance costs enterprises billions each year in lost production. The ultimate goal is not to replace machines or parts too early but service them at the right time," said Vankata Naveen, disruptive tech analyst at GlobalData. "This can be done optimally using AI-powered...
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...
The World Bank Group estimates that more than 3 billion tons of minerals and metals will be needed to deploy the wind, solar and geothermal power, as well as energy storage, required to meet carbon reduction goals to achieve the 2 degree Celsius temperature increase limit outlined in the 2015 Paris Agreement. The global adoption of renewable energies could power a 500% increase in the annual production of battery minerals such as graphite, lithium and cobalt, according to a...
With many mineral exploration geologists self-isolating behind a computer screen instead of out in the field breaking rocks, artificial intelligence offers a means of generating new exploration targets with the reams of previously collected geological, geochemical and geophysical information. Minerva Intelligence, which is redefining the emerging industry of artificial intelligence-assisted mineral exploration, believes the TERRA Mining AI suite of software services it has to...
Internet of Things (IoT) devices, machine learning and automated equipment being implemented to facilitate smooth operations in mining and other industrial sectors will see new ease of use with the latest network advancements in wireless connectivity. The next generation has begun to roll out with 5G and with it a more integrated system of development. To preface, a common misconception with the name of telecommunication technology starts simply with the letter G, as they are...
Advanced wireless sensors are being developed to accompany automated vehicles in next-generation artificial intelligence-operated heavy machinery in mining and other sectors, to help predict malfunctions before they arise. With a fleet of futuristic self-driving equipment being set up to operate standalone, a system for maintenance of these vehicles is necessary to circumvent untimely failures. Typically, standard preventative maintenance is applied, which is just routine...
The American Energy Innovations Act, legislation hailed as Congress' best chance to modernize the nation's energy policies in more than 12 years, bogged down in the U.S. Senate in early March after a dispute erupted among several lawmakers over an amendment aimed at limiting hydrofluorocarbons emissions from home appliances. The legislation, introduced by Sen. Lisa Murkowski, R-Alaska, chairwoman of the Senate Energy and Natural Resources Committee and ranking committee member...
Roy Hill, an iron mining company with operations in Western Australia's Pilbara region, has signed a deal with global mining equipment and service provider Epiroc, and automation specialist ASI Mining to convert 77 of their human operated fleet of trucks and excavators to autonomy. Taking a different approach to the future, Roy Hill has chosen to modify their existing fleet and give them a futuristic upgrade. Epiroc and ASI Mining will collaborate to meet Roy Hill's...
Global miner Anglo American has teamed up with Williams Advanced Engineering to develop the world's largest electric vehicle – an ultra-class mining haul truck. A hydrogen fuel cell module and bank of lithium-ion batteries will replace the diesel engines that have traditionally powered these mega-earthmovers. This massive power source and storage system is controlled by a high voltage power distribution unit delivering in excess of 1,000 kilowatt-hours of energy to the 2...
Most people know Tesla Inc. as a world-leading electric vehicles manufacturer with a growing line of cars, trucks and SUVs. However, the company's foundation is built off its ability to make batteries that power models S, 3, X, Y, Roadster, Tesla Semi, Cybertruck and even Solar Roof. Quite literally, Tesla's EV production capacity can only grow as fast as the company can manufacture the lithium-ion batteries that power them. "So the thing we're going to be really focused on...
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...
"I care deeply about the environment, which is why I work in the mining industry," is how Lucy Crane, opened a TEDx talk on mining's role in battling climate change. A geologist who completed her undergraduate in earth sciences at Oxford and earned her Master's in Mining Geology at the Camborne School of Mines, Crane is all too familiar with the stigma mining has and the disconnect between clean energy and the mined materials that make that energy possible. And she is tired of...
The world has never been more aware of the importance of conserving resources and reducing carbon emissions. Nowhere is this growing consciousness more keenly felt than in the energy sector. Companies need to navigate increasingly demanding taxation regimes and government policies as well as the negative perception connected to fossil fuel taking root among the general population and brought to the fore by the likes of Greta Thunberg and the Extinction Rebellion. Besides the...
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...
Tesla Inc. needs an increasing amount of lithium, graphite, nickel and cobalt for the lithium-ion batteries that power its growing lineup of electric vehicles. With its own rapid expansion, coupled with every major automotive brand in the world adding increasing numbers of EV models to their lineups, securing sustainable and ethical supplies of the lithium, cobalt, graphite, and nickel that go into the batteries that power these zero-emission automobiles has become crucial....
The adoption of electric vehicles and renewable energy is driving increased demand for graphite, a major ingredient in lithium-ion batteries. Graphite, however, is high on a list of 35 critical minerals and metals not mined in the United States. Graphite One Inc. would like to shift America's reliance on foreign countries such as China for its graphite needs by developing a mine at Graphite Creek, a world-class deposit of graphite with some properties that make it uniquely...
The world's foremost mill relining company, Kaltech International, has reinvented the painstaking yet necessary task of mill relining with innovations that lessen downtime, improve safety and increase profitability. Kaltech Sentinel, the company's latest line of state-of-the-art mill relining products, includes smart bolts and sturdy cameras that provide an unprecedented look inside an operating mill. "Producing products that will benefit the mining industry is a goal of...
