Western Copper & Gold Corp in Talks with Siemens for Electrical Mining Equipment
Vancouver based exploration company Western Copper & Gold Corp has entered into negotiations with Siemens Canada Ltd. to develop a concept for integrated electrical mining machinery for the company’s Casino Mining Project.
The company signed a memorandum of understanding (MOU) with Siemens Canada, a subsidiary of multinational company Siemens, for all the electrical mining equipment related to its Casino Project. Under the agreement, Siemens will provide a Power Plant, Mill Drives, Switchgears, Transformers, Motors and Drives, Mechanical and related Automation and instrumentation.
"Establishing a concept with a solid and innovative company such as with Siemens is an important step for Western as we continue to hit our stated milestones and advance the world class Casino Project towards build-out,” said Paul West-Sells, president and COO of Western Copper & Gold,.
Located in the Yukon Territory of Canada, the Casino Project is estimated to contain 8.4 million ounces of gold, 4.4 billions of copper, 494 million pounds of molybdenum and 61 million ounces of silver in proven and probable reserves.
According to Copper Investing News, the MOU is a great sign for the mining company's billion dollar mine. "Although the two companies are still in the early stages of talks, Siemens Canada’s interest in supplying electrical equipment for Casino is a significant vote of confidence for Western Copper’s project."
Western Copper & Gold Corp. completed its environmental assessment application in January 2014 and production for the Casino Project is set to commence by 2017.
Coal India Secures First-Of-Its-Kind Digital Deal
Coal India Limited (CIL) has appointed Accenture Solutions to digitally transform seven of its open-cast mines as the company strives to improve performance and increase coal production. Accenture is due to lay down digitalisation groundwork until March 2022.
The deal aims to increase coal production by 100 million tonnes (MT) by the end of FY’23. Once the minimum quantity has been surpassed, an agreed sum will be paid to the consultant for every additional sum of coal produced. This success fee will only be paid on the procurement of the minimum assured quantity.
The move will see heavy earth moving machinery (HEMM) fitted with digital sensors to monitor performance efficiency at all levels. Additionally, modern data analytic techniques aim to increase mine productivity and project monitoring through functional system management and effective observation.
An Exciting Venture For Global Mining
CIL, which aims to provide energy security in an environmentally and socially sustainable manner, hopes the move will help transform the entire business of mining operations and ensure higher volumes of coal are acquired at a lower cost.
“This is a first of its kind initiative by the company utilising digitalisation to ramp up coal output,” CIL has said.
A Digital Step Towards Enhanced Performance
Digitalisation is expected to take place at open-cast mines in Kusmunda, Gevra, Dipka of Southern Eastern Coalfields (SECL), Migahi, Jayant, Dudhichua, and Khadia of Northern Coalfields (NCL). Nearly 32% (188 MT) of CIL’s 596 MT output in FY’21 was accounted for by the seven selected mines. However, this new deal is set to see a large increase following the subsequent digital changes due to be made.
“Learning from the outcome and success of this model, we may replicate it in our other large mines,” says CIL, optimistic about the future following the modernisation of their mining.
It is expected that the move will help address roadblocks and guarantee corrective measures are put into place, ensuring the company is able to move forward with its aim of increasing output whilst remaining sustainable and eco-friendly.