Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Bullion has fallen six days in a row and is set for a weekly loss of more than 4%.
Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.
The finalists – who are competing for the opportunity to negotiate up to $1 million investment in the winning technology – are:
Anaconda’s sustainable mining by drilling (SMD) has the potential to unlock value in deposits that cannot be economically exploited by open pit or underground methods. It could also extend the life of current operations beyond planned mining areas without additional development. SMD was developed in collaboration with Memorial University of Newfoundland.
Andritz has developed what it says is a unique method of training AI using Andritz’s digital twin. The AI adapts to changing inputs and shortens upset recovery time. The speed with which AI processes information and recommends data driven solutions will be especially valuable during start-up, shutdown or plant-wide optimization.
Voith Turbo calls its IoT application the BeltGenius. It creates a digital twin of the conveying system and offers real-time insight into the behaviour of the system. BeltGenius learns constantly and the data is used to identify risks and inefficiencies, making the operation of belt conveyors more controllable and consistent.
This story first appeared in Canadian Mining Journal.
