Mining Independence Is The Key To Energy Independence
Until recently, ESG investors avoided the mining industry. Fairly or not, to many it had a reputation for environmental degradation, child labor, political corruption and neo-colonialism. Yet now, the entire energy transition depends on this industry. Without massive investments in base metals and key minerals, Europe and North America will fail to meet their carbon […]
SDTC Celebrates its Biggest Seed Fund Round
Partnering with over 60 accelerators across Canada, Sustainable Development Technology Canada announced funding of $3.8M for 38 promising new cleantech companies across Canada – its biggest seed fund round to date. With funding for companies in every corner of the country – this round showcases the regional diversity of Canadian entrepreneurs. Today’s funding also includes the largest cohort of women-led firms approved in a single Seed Fund round, representing 32% of the funded companies. SDTC’s seed funding will allow today’s entrepreneurs to launch […]
Rithmik closes investment to commercialise Asset Health Analyzer
Canada-based equipment data analytics company Rithmik Solutions has closed a US$1.2 million investment that was led by industrial innovation fund Chrysalix Venture Capital and joined by venture capital fund Fonds Ecofuel. Rithmik Solutions aims to build advanced and reliable analytics for mobile mining equipment. The funding will be used to fast-track the commercialisation of the […]
The future of asset health is in the cloud
Asset health technologies have transformed the reliability of mining equipment over the past generation. By tapping into the equipment’s onboard sensors, maintenance teams can observe and record hundreds of parameters that indicate equipment health. Understanding this data and its effects has empowered mines to expand mean time before failure (MTBF), uptime, and other maintenance KPIs […]
The digital proposition
With its RACE21 program, which launched in 2019, Teck Resources set out to be a leader in the digital transformation under way in mining. And while the initiative has produced real gains in productivity across its Highland Valley Copper and metallurgical coal operations in British Columbia (see RACE21 sidebar on page 26), those results are not yet fully […]
AI in Mining panel: Lessons learned on readiness, change management and strategies
A group of experts representing both mining companies and technology suppliers discussed practical approaches to AI in mining on a panel at the GMG-CIM AI in Mining Forum on May 1 in Montreal. The panellists: Michel Plourde, Director Integrated Operations – Innovation & Technology at ArcelorMittal; Mark O’Brien, Manager – Digital Transformation at CITIC Pacific Mining; Dave Shook, President […]
Fernie tech company CEO uses A.I. to boost mining industry
Pop culture has long prophesied that when “the machines” become self-aware, it’s all over for humans. But as the dawn of artificial intelligence (A.I.) starts to change our society, one Kootenay innovator is dispelling that myth. “A.I. is basically the ability of a computer or machine to act out human traits. Learning is one of […]