Aug 12, 2020

Canada invests CAN$2mn in Corem expertise centre

corem
mining
gold mining
mining technologies
Jonathan Campion
1 min
 The Canadian Ministry of Natural Resources has provided CAN$2mn (£1.15mn) to the Corem innovation centre for mineral exploration, based in Quebec.
The Canadian Ministry of Natural Resources has provided CAN$2mn (£1.15mn) to the Corem innovation centre for mineral exploration, based in Quebec...

This investment is part of Canada’s wider commitment to developing cleaner mining technologies, and driving the national economy by growing the country’s natural resources industry.

The Quebec Ministry of Energy and Natural Resources has also given $CAN100,000 (£58,000) to fund Corem’s research into mining technologies. This funding is intended to continue exploration of an innovative process for extracting gold, which involves the recovery and recycling of the cyanide used in gold extraction. The eventual implementation of this process into commercial mining would reduce the impact of gold mining on the aquatic system.

Jean-Yves Duclos, President of the Treasury Board of Canada and a member of parliament for Quebec, commented that Corem has the potential to benefit the people of Quebec in many ways: “The government of Canada continues to invest in projects that position Canada’s mining industry as a leader on the global stage. Through innovative ideas and dedicated partners such as Corem, which has been a presence in the Quebec region for more than 20 years, we are helping to reduce impacts on the environment, create jobs and ensure good mining practices in Quebec for years to come.” 

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May 4, 2021

Axora launches global challenge for digital technology

Axora
Digitalisation
Sustainability
Safety
2 min
Axora, the industrial B2B digital solutions marketplace, has launched 'The Axora Cost-Saving Technology Challenge' to discover game changing innovations

Axora is launching the world’s first international competition to discover new cost-saving digital technology for industrial companies, which can produce rapid benefits within a year.

Axora

The Metals & Mining and Oil & Gas sectors have recently experienced budget cuts of 20% on average, driven by a variety of factors including the global pandemic, slump in demand and price wars. The Axora Cost-Saving Technology Challenge aims to transform these industries by discovering innovative, digital solutions that reduce cost fast and pay for themselves, whilst achieving the same or improved productivity, health and safety and sustainability standards.

Digital Transformation

“While digital solutions can help to get work done quicker and more cost-effectively, they typically require a three-year ROI, and if there’s no flexibility in the budget, a full budget planning cycle is needed to get things moving”, said Dr. Nick Mayhew, Chief Commercial Officer, Axora.

“Yet, extra financial cost is often incurred in delaying digital projects, so customers have asked us to highlight solutions that can have an ‘in year payback’ whereby the cost spent on the solution and deployment will be more than recovered within the budget year - this accelerates the timeline and drives positive business impact, quickly.”

The Axora Cost-Saving Technology Challenge

Axora is keen to learn of any digital cost-saving innovation which: meets the 12-month payback timeframe; can be deployed in any part of the value chain including upstream, downstream or midstream oil and gas, metals processing or mining; and is ready for market. The Axora Cost-Saving Technology Challenge is open to entrepreneurs, start-ups, academics and sector leaders across the world. The competition will be judged by a panel of leading industry experts.

“We’re passionate about supporting our industries and customers through all forms of digital transformation and the cost-saving solutions we are searching for could also provide a lifeline to many mining and metals and oil and gas companies in the current economic climate,” added Dr. Mayhew.

Improving productivity, safety and sustainability

Up to ten finalists will be chosen to pitch their solutions at a digital pitch day later this year, after which Axora will validate the ROI models and vet the solutions. The winner will receive the ‘Axora Market Accelerator’ sales and marketing package worth £10,000. This includes a two-hour workshop, promotion through Axora’s thought leadership content and inclusion into its digital demand engines, providing the opportunity for the winning solution to benefit thousands of industrial companies. Entries are open until May 31. Full details of the competition including terms and conditions can be found here.

To learn more about the Axora B2B digital solutions marketplace read our feature in the latest issue of Mining Global magazine.

Opex Group

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