Razor Labs’ Post

Michael Zolotov and I recently recorded the first episode of the Razor Labs Expert Series. 🌎 This is just a sneak peek to mark Earth Day, in which we discuss the significant invisible energy drains ⚡ that can be addressed with a new generation of condition monitoring solutions like DataMind AI. #conditionmonitoring #performancemonitoring #pumps #reliabiliy #assetmanagement #energyconsumption #mining #miningtech #miningequipment

🌍Today, we are commemorating Earth Day. As the mining industry worldwide strives for greater sustainability and efficiency, technology's role becomes increasingly crucial. ⚡️In this sneak peek of the new Razor Labs Expert Series, I talk about the low-hanging fruit of operational improvements that can significantly lower mining equipment's energy consumption. For example, pumps account for a significant portion of global power consumption. At typical mining sites, while mills might draw more power per unit, the sheer number of pumps (often over 100 at a single site) means their cumulative energy use is massive. By ensuring the performance of optimal pumps, the mining industry can prevent energy wastage, which might range from 10% to 25% of the total energy consumed by each pump, significantly reducing the ecological footprint of mining operations. By embracing technologies that offer real-time monitoring and predictive maintenance, we can make substantial strides toward a more sustainable and economically feasible future in mining and other industries. #carbon #emissions #environmentalfootpring #carbonfootprint #smartenergymanagement #mining #miningequipment #miningtechnology #miningnews #ai #conditionmonitoring #performancemonitoring

Technology evolves quickly and organisations that are not keeping up and actively seeking to level up are likely to be left in the dust. Knowing this, top miners are harnessing mining process #data and #analytics to take their business up a notch. This whitepaper explores the tailor-made #sensor solutions keeping the industry moving, including how construction and mining machinery manufacturers and underground and surface mining operators are optimising exploration cost and minimising production waste, including emissions control. Click here to find out more - https://lnkd.in/g2KCxfxP

👉 Our 2024 Electric Mine report is now Live and available to download! Get your copy today - https://lnkd.in/e35t2nkq TECHNOLOGY IS BRINGING NET ZERO TARGETS EVER CLOSER The #mining sector has made great strides since the 2021 pledge by 27 members of THE INTERNATIONAL COUNCIL ON MINING AND METALS LIMITED to achieve net zero scope one and two emissions by 2050 or sooner. Now in its second year, this report explores the #transformative impacts of #digitalization and #electrification in the mining industry, focusing on the extraction of natural resources. The convergence of these two trends is reshaping traditional mining practices and offering sustainable solutions to challenges like environmental concerns and operational efficiency. What's Inside The Report? - Digitalization’s Role in Mining Operations - Electrification of Mining Equipment - Environmental and Sustainability Considerations - Challenges and Implementation Hurdles - Outlook and Trends 🔗 Get your copy today - https://lnkd.in/e35t2nkq In association with Epiroc, ABB, AVEVA and Komatsu Mining #MiningMagazine MiningMonthly.com

Aurora Energy Metals is pleased to be featured in Mining Journal’s “Uranium Outlook 2023” report. #1AE holds the largest mineable measured #uranium deposit in the United States. Large in scale, well-defined and presenting low geological risk, managing director, Greg Cochran sees the project’s clear pathway to development as a differentiator. The #ASX-listed company’s two-state #development strategy will see mining the deposit in southern Oregon, and processing the ore in a plant to be situated just across the border, on private land, in Nevada. The location of the plant takes advantage of the nearby hydroelectricity fed powerline, as well as an existing paved road with access to the US 95 highway. #Nevada, an acknowledged leading #mining jurisdiction, also has a more straightforward and well-established permitting procedure. Download the report here: https://loom.ly/E4r4RAU #AuroraEnergyMetals #lithium #AEMP #ASX

🌍 **Exploration vs. Mining Budgets: A Strategic Balance for a Green Future** 🌍 When it comes to budgeting in the mining industry, there's a clear distinction between exploration and mining budgets. Mining budgets are often seen as a safer bet, offering a 100% guarantee of profit once operations begin. This assurance naturally drives higher investment, leading to ever-increasing mining budgets. On the other hand, exploration budgets tell a different story. Exploration is inherently risky; the success rate can vary dramatically, from nearly zero in some cases to very high in favorable scenarios, such as iron ore (Fe). This uncertainty often leads to cautious investment, resulting in lower exploration budgets. However, as the world shifts from fossil fuels to green energy, this approach needs a rethink. 🌱 The transition to renewable energy sources requires the discovery of new mineral deposits essential for technologies like electric vehicles and solar panels. Without a significant increase in exploration budgets worldwide, we risk falling short of the raw materials needed to power a sustainable future. Investing in exploration today is an investment in tomorrow's green energy transition. Let's strike a balance between guaranteed profits and the potential for groundbreaking discoveries that will drive the global economy forward. 🌍🔋💼 #Mining #Exploration #GreenEnergy #Sustainability #Investment #FutureForward #CopperProcessing #MiningIndustry #MineralProcessing #Hydrometallurgy #Pyrometallurgy #Sustainability #MiningTechnology #Metallurgy #CopperMining #OxideOres #SulfideOres #Leaching #Flotation #GlobalEconomy #ResourceOptimization #EngineeringExcellence #Manufacturing #MineralResources #InnovationInMining #EnergyEfficiency #MetalProduction #CopperCathodes #MineralProcessing #GreenEnergy #ColumnFlotation #SustainableMining #EnergyEfficiency #EnvironmentalImpact #MiningInnovation #FutureOfMining #MineralProcessing #SkillsDevelopment #LaboratorySkills #Metallurgy #MetallurgicalTraining #ProcessingExperts #ProcessIndustry #ProcessingEfficiency #ProfessionalDevelopment #SiteSpecificTraining

Did you know 7 of the top 10 mining companies are currently using KETOS to monitor their water quality? With autonomous testing of 35+ parameters (including heavy metals), increased cost savings, and a modular design that integrates into existing infrastructure, KETOS is giving mining operations the power to monitor water autonomously on-site in real-time, take proactive measures against water contamination, and gain access to more robust reporting and historical data that helps them understand their water quality. The results: increased compliance and transparency, better oversight, and access to sustainability metrics that can help mines showcase their commitment to ESG. Learn more about KETOS for mining, read a case study about how one mine decreased costs by saving 20+ hours of manual labor/month and request a demo here: https://lnkd.in/g4-FGdFw #mining #waterquality #ESG #sustainability #miningtech #automation

Fun-Fact Friday! Energy-Centered Maintenance: Transforming the Mining Industry. In the world of mining, where energy consumption is vast, a compelling shift is underway. By adopting energy-centered maintenance strategies, mining operations can significantly reduce energy usage—cutting costs and enhancing sustainability. This approach not only streamlines operations but also aligns with regulatory environmental targets, marking a pivotal step towards greener mining practices. Nanoprecise's solution supports this shift in the mining industry by helping them optimise their schedules for maintenance procedures by leveraging energy consumption patterns, to make businesses both more competitive and less carbon-intensive. Together, let’s unleash the potential of energy-centric maintenance to create a better, more sustainable tomorrow, one machine at a time. #EnergyCenteredMaintenance #SustainableMining #MiningInnovation #Nanoprecise

As the global energy transition accelerates, the demand for copper is revealing 'flaws' in the mining project pipeline. The challenge of bringing new copper mines online is a complex but critical task. At CRU, we understand the importance of quantifying this challenge to ensure a stable copper supply for the future. Leveraging our extensive database, we’re able to draw comparisons between the potential production forecasted from copper mining projects and actual production figures. Our analysis encompasses over 280 mining projects, both greenfield and brownfield, commissioned over the past 14 years since 2010. The chart below serves as a stark illustration, highlighting the fate of ‘possible’ projects (less advanced projects) in the old 2010 pipeline. It reflects a sobering reality: many projects fail to advance due to various factors, including economic viability, regulatory hurdles, and market conditions. #CopperMining #EnergyTransition #CRUInsights #MiningProjects #MarketAnalysis