Veracio said it is “pioneering a transformative leap in geosciences” with its new binding agreement to acquire scanning and data group Minalyze in a US$29.3 million deal. With the takeover, Veracio said it will be combining its AI and advanced analytics solutions with Minalyze’s geological data visualization technology. Together, the benefits will transform how the industry captures, analyzes and interprets…
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NETL backs tech for nanomaterial from coal, waste
The National Energy Technology Laboratory (NETL) in the U.S. has confirmed it is supporting the advancement of a technology that can turn coal and coal wastes into nanomaterial that is 2,000 times stronger than steel. The development is from international research company Universal Matter, the research facilities of which are in Houston, Texas, and the backing has come from the…
Read MoreIndonesia seeks critical minerals deal with U.S.
Indonesia has requested trade talks with the United States to ensure that its exports of critical minerals are covered under the U.S. Inflation Reduction Act as it seeks to become a major EV manufacturer, reported Reuters. Under guidelines of the law, a certain amount of critical minerals in electric vehicle (EV) batteries are required to be produced or assembled in…
Read MoreICMM provides direction on Scope 3 emissions disclosure
ICMM has published “Scope 3 Emissions Accounting and Reporting Guidance,” which provides a standardized framework for mining and metals companies to calculate and disclose their value chain emissions. The Guidance was developed with support from experts on Scope 3 from ICMM’s membership, and in consultation with investors and standard owners. It aims to improve transparency and accelerate collaborative action with…
Read MoreTata Steel, ABB team up on sustainable steel production
Photo: ABB India-based steelmaker Tata Steel has signed a memorandum of understanding (MoU) with ABB to co-create innovative models and technologies to help reduce the carbon footprint of steel production. The two companies will focus on system-level assessments of Tata Steel’s manufacturing plants and production facilities for evaluation and co-development of short and long-term options for energy efficiency, decarbonization and…
Read MoreMetso celebrates flotation milestone, new headquarters
September has been a busy month for Metso with the company marking 50 years in mechanical flotation as well as moving its headquarters to Matinkylä, Espoo, Finland from Sanomatalo, Helsinki. Evolving from humble beginnings at Outokumpu, and then further developed by Outotec, Metso has shaped the course of mechanical flotation and propelled the industry forward. The OK cell was taken…
Read MoreSandvik emissions targets approved by SBTi
Sandvik has confirmed the Science Based Targets initiative (SBTi) has validated the company’s targets for reducing greenhouse gas (GHG) emissions. The approval means the outlines are aligned with the latest climate science and consistent with the goals of the Paris Agreement. Sandvik committed to set targets in line with SBTI’s criteria in December 2021 and submitted the new targets for…
Read MoreBoliden, Epiroc, others collab on autonomous drilling
Epiroc has confirmed that it has joined together with Boliden, Algoryx and Orebro University with a shared goal of achieving autonomous face drilling. The equipment maker said the heart of the work for the involved parties will be the construction and employment of a digital twin of a mine – a simulated testing environment – for machine learning, thereby greatly…
Read MoreCummins approves renewable diesel use for industrial engines
Cummins confirmed it has approved the use of unblended renewable diesel, including hydrotreated vegetable oil (HVO), for all of its industrial high-horsepower engines across all ratings. The renewable diesel, often also called unblended paraffinic fuels (EN15940), has been shown to reduce net greenhouse gas (GHG) emission by up to 90% compared to conventional diesel, dependent on the exact feedstock and…
Read MoreBHP Xplor program seeks next cohort
BHP Xplor, a six-month accelerator program in the pursuit of unlocking critical minerals, has started a global search for its 2024 cohort of early-stage explorers and startups. The program is designed to provide selected participants with the opportunity to accelerate their exploration concepts through funding, mentorship and coaching. Selected companies will receive up to US$500,000 cash payment from BHP, together…
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