[VIDEO] Finalists for Integra's $1 million Gold Rush Challenge announced, winners will be announced at PDAC 2016
Integra Gold Corp. has announced it will reveal five finalists for its $1 million Integra Gold Rush Challenge based on an initial review of the over 100 detailed submissions.
In total, 1,342 entrants from over 83 countries worldwide registered to compete in the challenge, resulting in 95 teams and over 100 proposals. WSP I Parsons Brinckerhoff ("WSP"), one of the world's leading engineering and geological consulting firms with more than 32,000 employees and official GeoScience partner of the Gold Rush Challenge, is currently in the process of selecting and delivering the top 20 submissions to the Challenge's technical judging panel.
According to Integra, on or before February 15th 2016, technical judges will narrow the field down to the top five finalists which will then go up against a separate panel of industry leaders in the "shark-tank" style live finale at PDAC 2016. IBM will host the mining innovation expo before the live event which will be open to all attendees.
"I have been in the mining industry for over 25 years, and the Gold Rush is the most exciting, rewarding, and transformational project I have worked on,” said George Salamis, Executive Chairman of Integra.
"In some ways, I believe this Challenge could, and will, effect how resource companies look at exploration in the future. Being a geologist by training, I have had my eyes opened by the multi-disciplinary, collective approach to problem solving, mineral exploration, and data analysis brought to the forefront by this Challenge. We are excited for the next steps to come in the Gold Rush,” said Salamis.
The live event will be held at the Carlu during PDAC on March 6, 2016. Proceeds from the evening will go to a variety of Val-d'Or based charities. The panel of industry leaders for the live finale event at PDAC 2016 will use their experience, knowledge, and skills to help choose the winner of the Integra Gold Rush Challenge.
The panelists named to the "shark-tank" style live finale are:
• Brent Cook: BSc Geologist, Exploration Analyst and Author of Exploration Insights.
• Chantal Gosselin: B.Eng Mining Engineer, MBA, most recently held the position of Vice President and Portfolio Manager, Goodman Investment Counsel
• Rob McEwen: Honorary Doctor of Law, MBA, BA, Founder of Goldcorp Inc. and McEwen Mining, launched Goldcorp Challenge
• Sean Roosen: Chair of the Board of Directors & CEO, Osisko Gold Royalties
• Randy Smallwood: P. Eng. Geological Engineer, President & CEO, Silver Wheaton
The Challenge's technical judging panel is made up of the following members:
• Neil Adshead: PH.D Geologist, Investment Strategist at Sprott Asset Management LP
• Andrew Brown: MSc Geologist, Chief Geologist- West Africa for B2Gold Corp
• Benoît Dubé: PH.D Geologist, Senior Research Scientist with the Geological Survey of Canada
• James Franklin: PH.D Geologist, Geological Survey of Canada Chief Scientist (retired)
• David Rhys: MSc Geologist, Panterra Geoscience consulting geologist
• Brian Skanderberg: MSc Geologist, President and CEO of Claude Resources.
Computer science and machine learning advisor to the judges' panel:
• David Stephens: B.A. Electrical Engineering & Computer Science, Director of Business Development at Goldcorp.
Rio Tinto and Alcoa begin construction with ELYSIS tech
Eliminating all direct greenhouse gases from aluminium smelting has taken a major step forward with the start of construction on the first commercial-scale prototype cells of ELYSIS’ inert anode technology, at Rio Tinto’s Alma smelter in Saguenay-Lac-Saint-Jean, Quebec.
ELYSIS has the potential to reduce the carbon footprint of aluminium production
ELYSIS is a joint venture company led by Rio Tinto and Alcoa that is developing a new breakthrough technology, known as inert anode, that eliminates all direct greenhouse gases (GHGs) from the traditional smelting process and instead produces oxygen.
The technology has the potential to transform the aluminium industry, with a significant reduction in its carbon footprint.
The inert anode prototype cells will operate on a commercial scale typical for large modern aluminium smelters, using an electrical current of 450 kiloamperes (kA).
The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry joined representatives from ELYSIS, Rio Tinto and Alcoa to mark the start of construction and announce a further CAD $20mn financial contribution from the Government of Canada to support the project.
The federal government's financial support will enable the creation of a unique commercial size inert anode technology showroom for future customers and will help develop the supply chain by involving local and regional equipment manufacturers and suppliers in the project.
ELYSIS is working to complete the technology demonstration by 2024 followed by the commercialization activities.
ELYSIS technology at a glance:
- The ELYSIS technology addresses the global trend towards producing low carbon footprint products, from mobile phones to cars, planes and building materials.
- The new process will reduce operating costs ofaluminiumsmelters while increasing production capacity. It could be used in both new and existing aluminium smelters.
- In Canada alone, the ELYSIS technology has the potential to reduce GHG emissions by 7 million tons, the equivalent of removing 1.8 million cars from the roads.
- ELYSIS will also sell next-generation anode and cathode materials, which will last more than 30 times longer than traditional components.
Alcoa and Rio Tinto will continue to support the ELYSIS development program alongside the Governments of Canada and Quebec.
ELYSIS is working closely with Alcoa's Technical Center, where the zero-carbon smelting technology was invented, and the Rio Tinto technology design team in France.
Alcoa's Technical Center supports ELYSIS in the manufacture of proprietary materials for the new anodes and cathodes that are essential to the ELYSIS process. The Rio Tinto technology team in France is creating commercial scale designs for the ELYSIS technology.
Vincent Christ, CEO, ELYSIS commented: “This is a great day for ELYSIS. It means that we are becoming the first technology company in the world to build commercial-size inert anode cells. While we refine the technology in our R&D Centre, we start the construction of our prototype cells. This shows our confidence in our process and in the know-how of our team. The combination of ELYSIS' zero CO2 technology and Quebec's renewable energy will be great competitive advantage for the future. I would like to thank the government for its support and all the partners for their commitment.”
Samir Cairae, Rio Tinto Aluminium managing director Atlantic Operations and ELYSIS board member added: “Today marks a real step towards the future of the aluminium industry, by progressing this breakthrough technology to cut carbon emissions. Rio Tinto is committed to supporting its ongoing development here in Quebec where we already use clean hydropower to deliver some of the world’s lowest carbon aluminium. Combining this technology with renewable hydropower holds the promise of zero carbon aluminium smelting.”