May 17, 2020

Caterpillar Inc. Banks on China's Mining Industry

energy digital
China mining
coal mining in China
Caterpil
Admin
2 min
China's mining death toll on the rise
Caterpillar Inc. recently offered ERA Mining Machinery Ltd, a Hong Kong-based maker of mine safety machinery, $886 million in an effort to expand busi...

 

Caterpillar Inc. recently offered ERA Mining Machinery Ltd, a Hong Kong-based maker of mine safety machinery, $886 million in an effort to expand business in the world's biggest coal-producing country. Steve Wunning, who oversees the company's mining equipment business sees it as an opportunity to expand sales to other countries, one of the company's top priorities.

It would “help our Chinese mining customers to become more efficient and safer at the job site,” Wunning told Businessweek. The deal is “all about growth, serving our customers in China, but also allows us to serve customers outside of China.”

While the country consumes about 40 percent of the world's coal and accounts for around 70 percent of underground coal mining, China's mining efforts are some of the most dangerous in the world. Fatalities for the year are already in the thousands, or close to one-third of the record high of nearly 7,000 in 2002.

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Just last week, another illegal mine caused the death of 34 in Sizhuang, while seven were trapped underground after a coal shaft flooded Sunday in China's Gansu province. The State Labour Protection Agency in Beijing is ordering a tightening of safety standards on all mines in the country due to mounting incidents and media attention.

“The latest accident rings the alarm, warning us that accident prevention is a complex, difficult and urgent task,” Vice Premier Zhang Dejiang told an industry workshop in the eastern city of Hefei.

As Caterpillar seeks to expand into the mining industry, it will be competing with U.S. mining equipment maker Joy Global Inc. But shares in ERA Mining Machinery are already up by 21 percent as of Friday after Caterpillar's enormous offering.

The deal is still waiting approval from China's Ministry of Commerce, but the mining equipment market in China is finally looking up.

 

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Dec 3, 2020

Net zero benefits the mining industry and the environment

digital mining
Oren
Emitwise
mining
Dan Brightmore
3 min
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace.
Learn how to future proof your business for a zero-carbon world with help from Emitwise and the Oren Marketplace...

How do we get the world to net-zero faster?

Emitwise’s founders, Mauro Cozzi, Eduardo Gómez and Ben Peddie, approached a network of more than 100 of the world's largest enterprises and asked their CEOs, CFOs, and sustainability managers the big question: How do we get the world to net-zero faster? The challenge many shared was the lack of timely and accurate emissions data to enable strategic decisions. Companies often relied on annual audits of their carbon footprint for carbon accounting purposes. However, static yearly results were outdated upon publishing.

Emitwise saves companies an average of 260 working days a year by automating their scope 1, 2 and 3 emissions data. With the added benefits of clean audit trails and auto-populated accounting reports in line with GHG Protocol, all at the click of a button. Their easy to use solution enables businesses to quickly identify the carbon hotspots to target, and the precise real-time data empowers teams to remain agile and respond effectively, making achieving those goals possible.

Unique AI Technology

Emitwise’s unique AI technology empowers businesses to automatically measure, report and reduce their carbon footprint across their operations and supply chain, future-proofing companies for a zero-carbon world. It is the only solution that enables companies to fully automate their carbon accounting across all business units and suppliers, therefore liberating them from the drudgery of collecting and processing emissions data.

By using artificial intelligence to precisely measure emissions in real-time, businesses can identify and tackle carbon hotspots swiftly, enabling them to devise a trackable roadmap to net-zero carbon. At the same time, accurate audit trails and auto-populated annual reports ensure that companies comply with international reporting requirements, and align businesses with global climate targets to mitigate risk across their operations and supply chain. 

The Oren Marketplace

Environmental management, social license to operate, safety, renewable energy to lower emissions and operational efficiency for mining can be supported by a range of digital solutions enabling dynamic operations. To address these issues, Shell and IBM joined forces to create the Oren Marketplace – the first B2B solutions platform for the mining sector. 

With the adoption of many of the digital solutions offered through Oren, mining companies can adapt in real-time to risks or adjust plans ahead of a problem occurring. The goal is a shift towards proactive management as the optimal outcome for all stakeholders – community, shareholders, and employees.

Emitwise was founded with the goal of helping industries across all sectors reduce their carbon footprint. Similarly, Shell aims to become a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. And Oren is focused on offering innovative products and services that can help mining companies track and reduce their emissions. 

“Oren is the starting point for how we help our mining customers to de-carbonise,” explains Carol Chen, Global Lubricants Marketing, Vice President, Shell. “It’s our ambition to work with sectors like mining to help them find their own pathway to net-zero emissions through collaboration. The Oren marketplace offers a great opportunity for collaboration between the miners and technology companies that are joining this digital marketplace.” 

Web Summit

Emitwise will be showcasing its vision for a net-zero future live from Lisbon at this year’s Web Summit. Bringing together the people and companies redefining the global tech industry, the online event welcomes 100,000+ attendees from around the world to hear from more than 800 speakers and view offerings from 2,500 startups covering a vast range of topics from Data Science and Climate Change to AI and Machine Learning. To find out more and book your ticket visit Web Summit. 

Emitwise is one of many solutions providers on the Oren platform seeking to address the pain points and environmental concerns of heavy industries like mining. To discover a range of solutions that can further support your operation’s digital transformation and commitment to sustainability, visit the Oren Marketplace.

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