DiggingDeeper: The Mining Newsletter (Vol 4)

Welcome to the 4th edition of #DiggingDeeper! Your go-to source for all the latest developments, trends, and insights in the world of Mining.

Whether you're a seasoned industry professional or are just starting to explore the exciting world of Mining, this newsletter is for you. Stay informed, stay ahead of the curve, and join the conversation about the future of this exciting field.

If you're interested in contributing to an upcoming edition or collaborating on a future project, please don't hesitate to reach out. I'd love to hear from you!

Win of the Week

Congratulations to Weir on the completed acquisition of SentianAI, in a strategic move aimed at expediting its technology roadmap and broadening its digital capabilities. This acquisition is expected to empower Weir in delivering advanced productivity and sustainability solutions to its customers, particularly in the field of minerals processing. SentianAI specialises in artificial intelligence-driven solutions designed to optimise performance within mining processes.

The software developed by SentianAI utilises sophisticated AI algorithms that continuously learn and adapt to the dynamic operations within a mine, ensuring ongoing improvement and optimisation. Weir emphasizes that the integration of SentianAI's advanced software solutions with its existing technologies, such as Synertrex? and Motion Metrics?, will enable comprehensive performance monitoring and optimization for intelligent, efficient, and sustainable mining practices.

Weir's CEO, Jon Stanton, highlights the crucial role of digital technology in addressing challenges such as declining ore grades, production efficiency, and CO2 emissions in the mining industry. The acquisition is positioned to complement existing technologies and enhance Weir's ability to provide holistic solutions for performance monitoring and optimisation.

Earlier in the year, SentianAI collaborated with Xore Analyzers to combine XORE’s XRF analyzers, offering real-time data on metal content, with SentianAI’s machine-learning technology. This collaboration aims to enhance recovery rates and overall efficiency in mining operations.

In an interview with SentianAI Founder and CEO Martin Rugfelt, he highlighted the company's unique approach in contrast to traditional AI systems. Unlike many AI toolkits/platforms, SentianAI's SentianController is designed explicitly for optimising control of industrial processes. Rugfelt emphasized that customers receive a point solution with pre-developed and tested AI algorithms for control system optimisation, eliminating the need for a large data science team.

Rugfelt further explained SentianAI's underlying technology, emphasising years of refinement in algorithm selection to create a unique AI system for controlling and optimising industrial processes.

“The AI creates a dynamics model that is made from both historical and ‘live’ operational data. It can then choose the set of control parameters that deliver optimum performance towards a specific goal, e.g. maximum production for minimum energy usage. In comparison to traditional supervisory control systems it adapts to changes in the process."

Notably, SentianAI has chosen not to patent its solution, emphasising its uniqueness in the market.

Latest Mining News

?? Chile has allocated $7 million for a three-year investment in up to ten research initiatives related to lithium, encompassing environmental and social considerations associated with mining this essential battery material.

?? The global market for mobile crushers and screeners is expected to thrive with a compound annual growth rate (CAGR) of 4.6% from 2023 to 2031. The report by Transparency Market Research Inc. predicts a market valuation of US$ 4.0 billion by 2031, while the demand for mobile crushers and screeners is anticipated to reach US$ 2.7 billion in 2023.

?? Kinterra Capital has successfully concluded the fundraising for its inaugural fund, amounting to $565 million, aimed at acquiring essential mineral assets crucial for battery development. This infusion of private capital aligns with the growing trend of government incentives in North America to support the acquisition and production of materials vital for battery technology.

??TOMRA has launches an X-Ray Transmission (XRT) sorter at the tungsten mine operated by Saloro in Barruecopardo, Spain.

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If you're looking to add exceptional talent to your team or seeking new opportunities in the industry, reach out to me. As a head-hunter specializing in the Mining industry, I partner with leading underground, surface, mineral processing and bulk material handling OEMs to help them attract and retain top talent globally. Drop me a message and let's chat.

Until next time, keep digging!