[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.
Axora launches global challenge for digital technology
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.
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.
“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.