Latest news with #MiningTechnology
Yahoo
2 days ago
- Business
- Yahoo
Sandvik Mining achieves cybersecurity certification for product development processes
Sandvik Mining has been awarded IEC 62443-4-1 certification at Maturity Level 2, signifying a robust integration of cybersecurity measures into its product design and development. Achieving Maturity Level 2 certification indicates that Sandvik proactively incorporates cybersecurity into its product design, development, testing and maintenance procedures. The IEC 62443-4-1 standard is a globally recognised benchmark for secure product development within industrial automation and control systems. It ensures that products are crafted with cybersecurity considerations from inception, mitigating risks such as cyberattacks and data breaches throughout their life cycle. Sandvik's "secure-by-design" philosophy embeds stringent security protocols early in the equipment and digital solutions design process, inherently reducing vulnerability to cyber threats. This approach prioritises the protection of mining operations without impeding productivity. Sandvik's clientele can benefit from structured and prompt responses to emerging cyber threats, maintaining the security of their equipment throughout its operational life. Sandvik Mining president of digital mining technologies Riku Pulli said: 'We are proud to be among the first in our sector to attain IEC 62443 certification. 'This certification reduces cyber risk and operational disruption, enhances safety and regulatory compliance, strengthens supply chain resilience and provides security assurance for our customers. It emphasises our commitment to cybersecurity and is a signal of trust and readiness in an increasingly connected and threat-prone industrial environment.' The certification encompasses processes for patch management, vulnerability handling and security updates. This achievement positions Sandvik favourably in anticipation of upcoming cybersecurity regulations such as the EU Cyber Resilience Act, which will mandate manufacturers to ensure cybersecurity across a product's life cycle. Sandvik is progressing towards additional certifications to further substantiate the security of its equipment and software solutions, reinforcing customer confidence in deploying Sandvik technologies. Moreover, Sandvik Mining has introduced its AutoMine Surface Fleet solution, a system aimed at revolutionising autonomous drill rig operations. The system is engineered to manage more than 15 Sandvik surface i-series drill rigs, enabling remote operations from any connected location, thereby enhancing flexibility and minimising downtime, especially during shift changes. "Sandvik Mining achieves cybersecurity certification for product development processes" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
5 days ago
- Business
- Yahoo
G7 leaders provisionally agree on critical minerals supply strategy
The G7 nations have provisionally agreed on a comprehensive strategy to safeguard the supply of critical minerals, aiming to strengthen their economies and national security. This decision comes amidst growing concerns over supply chain vulnerabilities, highlighted by China's recent suspension of critical minerals exports, reported Reuters, citing sources. The G7 leaders recognise the need for markets to reflect the true costs of responsible extraction, processing and trade of critical minerals. The draft, pending approval by US President Donald Trump, underscores the importance of countering non-market policies that threaten access to these materials. China's move in April to halt exports of critical minerals and magnets has caused significant disruptions for various industries globally. Last week, President Trump announced that Chinese President Xi Jinping had agreed to resume exports of rare earth minerals to the US. However, rare earths and other critical minerals continue to be a point of contention, with the draft statement noting, 'non-market policies and practices in the critical minerals sector threaten our ability to acquire many critical minerals'. The G7's strategy includes measures to anticipate shortages, coordinate responses to market disruptions, and diversify sources across the mining, processing, manufacturing and recycling sectors. Recent trade talks between the US and China in London have left the issue of rare earth element exports, particularly those used in military applications, unresolved. Despite being announced as a "great deal" by Trump, the export of rare earth magnets essential for US military hardware remains in limbo. While the US has agreed to allow certain rare earth magnets from China, Beijing has not yet committed to exporting specific magnets needed for fighter jets and missile systems. This comes as the US maintains restrictions on China's access to advanced AI chips due to their potential military applications. "G7 leaders provisionally agree on critical minerals supply strategy" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-06-2025
- Business
- Yahoo
Q&A: can recycling help companies prepare for a lithium boom?
An anticipated spike in lithium demand is causing companies to reconsider their supply chains, with the International Energy Agency estimating that lithium supply for clean energy technologies needs to increase by 90% to meet its Sustainable Development Scenario. To help meet this target, the need to establish a robust and sustainable recycling industry is more pressing than ever before. Danielle Spalding, VP of communications & public affairs at battery recycling company Cirba Solutions, says that the rising role of AI and data centres is driving energy storage demand and challenging critical mineral supply, putting an additional squeeze on the industry. Mining Technology speaks to Spalding about the current state of the lithium recycling industry, the need for international collaboration to diversify supply chains, and how companies in Australia and beyond can look to bolster their recycling capabilities. Danielle Spalding (DS): The last five years have been very different to the past 25 in the world of recycling. I think one of the biggest reasons for the shift is the focus on electrification for all. Countries are realising that to compete on a global scale, they have to be able to strengthen domestic supply chains, to do more business domestically and have stronger exports of critical minerals. The most recent insights show that around 25% of lithium supply will come from recycled materials (what we call secondary content) by 2040. That is a quarter of all lithium supply coming from recycled content. To compare this, cobalt will have over 35% recycled content by 2040 and nickel will have a slightly smaller percentage – around 12%. We are really at the cusp of a big change in recycling – one that has already begun. The trick at the moment is for us to consider how we can collaborate internationally to generate these additional resources. Places like Australia and Europe are looking at how to enhance technology to domesticate critical mineral refinement. They are also now having to meet renewable energy targets, reduce emissions, as well as manage the pressures of various geopolitical issues. All of this comes into play when considering the lithium supply chain. DS: The more control you have over the supply chain, the more stable you are. China currently has the highest refinery of any of the critical minerals. More than likely, the majority of battery materials in Australia are going to China or South Korea for refinement. The goal now should be to domesticate more of this process than is currently seen to close the loop on these critical minerals. We are already seeing mining companies trying to diversify portfolios into recycled content options. There is no longer a focus on one particular element of the supply chain, because companies now know they have to demonstrate the ability to increase their critical minerals supply to meet increasing demand. DS: It is a tough pivot for companies that have historically focused on traditional types of refinement, because refining a used battery is very different from refining a virgin material. While there may be some similarities in the feedstock or the input of material in used batteries, the overall process is different by chemistry. We are seeing Europe and North America currently sharing a lot more with regards to information resources, and you see a lot more of the regulatory landscape changing. In the UK there is the battery passport – every region has its own unique approach to controlling the critical minerals sector. Because Australia has such vast resources, spread out over huge areas, it has different needs when it comes to transportation networks and infrastructure developments when compared with places in Europe. So, the shift to more stable battery refining processes is under way, but it is not an easy change for companies. DS: The computing power of AI tools is only going to increase. That means you need more data powering capacity, which means you need power backups. Often that has to be battery power at this point. We are going to need a significant increase in battery power as we see this increase in computing demands. However, there is also an element of AI that is being used in the battery recycling process itself, where it is being used to integrate software into material recovery facilities. There are now tools being implemented to sort and scan materials for battery content, so it doesn't go into the wrong kind of processing. We have had multiple versions of AI usage in our own organisation, whether that is through X-ray scanning or AI-learning tools to help it sort the materials coming in. I think that you are going to see significant battery adoption from an AI computing standpoint ─ and you are going to want to see those companies add in partnerships with organisations that help recycle. DS: This is going to sound simplistic, but I can assure you, it is not. I think the barrier is education. A lot of consumers don't understand they can recycle their batteries and, even if they do, they often don't know where to go to recycle them. Part of this education is establishing the infrastructure to help people recycle batteries. In somewhere like Australia where there is a lot of farmland, people may not have a convenient location to bring the batteries from their farming equipment – all of these processes take work and they take time. It is going to continue to be a little bit higher of a cost, but we have to get up to that point so we can then help make batteries more cost effective. We want to be able to help support a reduction in consumer and business costs so that this recycling process becomes a known, viable option. DS: We need to see those types of partnerships in greater magnitude for the future to help reach critical mineral supply goals, both in terms of what organisations have set for themselves and the goals that each individual country has set for itself. Consumers today are demanding a more renewable product overall. Each generation that comes into the market has a higher expectation of that. Even without this environmental, social and governance element, there is also an incentive to strengthen supply chains from a national security perspective. DS: There is a significant opportunity to expand the infrastructure necessary to safely collect, process and reuse lithium batteries at scale. We also need to close the education gap so that consumers and businesses better understand the value of lithium battery recycling and the importance of recovering those critical resources to be reused. Equally important is addressing the economic model of the industry. The industry needs to set reasonable expectations, so we can create a thriving and diversified market for the future. "Q&A: can recycling help companies prepare for a lithium boom?" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-06-2025
- Business
- Yahoo
Q&A: can recycling help companies prepare for a lithium boom?
An anticipated spike in lithium demand is causing companies to reconsider their supply chains, with the International Energy Agency estimating that lithium supply for clean energy technologies needs to increase by 90% to meet its Sustainable Development Scenario. To help meet this target, the need to establish a robust and sustainable recycling industry is more pressing than ever before. Danielle Spalding, VP of communications & public affairs at battery recycling company Cirba Solutions, says that the rising role of AI and data centres is driving energy storage demand and challenging critical mineral supply, putting an additional squeeze on the industry. Mining Technology speaks to Spalding about the current state of the lithium recycling industry, the need for international collaboration to diversify supply chains, and how companies in Australia and beyond can look to bolster their recycling capabilities. Danielle Spalding (DS): The last five years have been very different to the past 25 in the world of recycling. I think one of the biggest reasons for the shift is the focus on electrification for all. Countries are realising that to compete on a global scale, they have to be able to strengthen domestic supply chains, to do more business domestically and have stronger exports of critical minerals. The most recent insights show that around 25% of lithium supply will come from recycled materials (what we call secondary content) by 2040. That is a quarter of all lithium supply coming from recycled content. To compare this, cobalt will have over 35% recycled content by 2040 and nickel will have a slightly smaller percentage – around 12%. We are really at the cusp of a big change in recycling – one that has already begun. The trick at the moment is for us to consider how we can collaborate internationally to generate these additional resources. Places like Australia and Europe are looking at how to enhance technology to domesticate critical mineral refinement. They are also now having to meet renewable energy targets, reduce emissions, as well as manage the pressures of various geopolitical issues. All of this comes into play when considering the lithium supply chain. DS: The more control you have over the supply chain, the more stable you are. China currently has the highest refinery of any of the critical minerals. More than likely, the majority of battery materials in Australia are going to China or South Korea for refinement. The goal now should be to domesticate more of this process than is currently seen to close the loop on these critical minerals. We are already seeing mining companies trying to diversify portfolios into recycled content options. There is no longer a focus on one particular element of the supply chain, because companies now know they have to demonstrate the ability to increase their critical minerals supply to meet increasing demand. DS: It is a tough pivot for companies that have historically focused on traditional types of refinement, because refining a used battery is very different from refining a virgin material. While there may be some similarities in the feedstock or the input of material in used batteries, the overall process is different by chemistry. We are seeing Europe and North America currently sharing a lot more with regards to information resources, and you see a lot more of the regulatory landscape changing. In the UK there is the battery passport – every region has its own unique approach to controlling the critical minerals sector. Because Australia has such vast resources, spread out over huge areas, it has different needs when it comes to transportation networks and infrastructure developments when compared with places in Europe. So, the shift to more stable battery refining processes is under way, but it is not an easy change for companies. DS: The computing power of AI tools is only going to increase. That means you need more data powering capacity, which means you need power backups. Often that has to be battery power at this point. We are going to need a significant increase in battery power as we see this increase in computing demands. However, there is also an element of AI that is being used in the battery recycling process itself, where it is being used to integrate software into material recovery facilities. There are now tools being implemented to sort and scan materials for battery content, so it doesn't go into the wrong kind of processing. We have had multiple versions of AI usage in our own organisation, whether that is through X-ray scanning or AI-learning tools to help it sort the materials coming in. I think that you are going to see significant battery adoption from an AI computing standpoint ─ and you are going to want to see those companies add in partnerships with organisations that help recycle. DS: This is going to sound simplistic, but I can assure you, it is not. I think the barrier is education. A lot of consumers don't understand they can recycle their batteries and, even if they do, they often don't know where to go to recycle them. Part of this education is establishing the infrastructure to help people recycle batteries. In somewhere like Australia where there is a lot of farmland, people may not have a convenient location to bring the batteries from their farming equipment – all of these processes take work and they take time. It is going to continue to be a little bit higher of a cost, but we have to get up to that point so we can then help make batteries more cost effective. We want to be able to help support a reduction in consumer and business costs so that this recycling process becomes a known, viable option. DS: We need to see those types of partnerships in greater magnitude for the future to help reach critical mineral supply goals, both in terms of what organisations have set for themselves and the goals that each individual country has set for itself. Consumers today are demanding a more renewable product overall. Each generation that comes into the market has a higher expectation of that. Even without this environmental, social and governance element, there is also an incentive to strengthen supply chains from a national security perspective. DS: There is a significant opportunity to expand the infrastructure necessary to safely collect, process and reuse lithium batteries at scale. We also need to close the education gap so that consumers and businesses better understand the value of lithium battery recycling and the importance of recovering those critical resources to be reused. Equally important is addressing the economic model of the industry. The industry needs to set reasonable expectations, so we can create a thriving and diversified market for the future. "Q&A: can recycling help companies prepare for a lithium boom?" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-06-2025
- Business
- Yahoo
EDM Resources secures $58m gypsum offtake deal
Canadian exploration and mining company EDM Resources has signed a definitive gypsum offtake supply agreement valued at $58m (C$79.39m) with a Canadian gypsum producer and wallboard manufacturer for gypsum produced from the Scotia Mine in Nova Scotia, Canada. The agreement, signed on 3 June 2025, will see the gypsum offtaker make an advance payment of $250,000 for a five-year exclusivity on gypsum produced at the Scotia Mine. This payment is unsecured and non-refundable if production does not commence before 31 December 2026. The offtake represents half of the total mineral reserve and is based on projected volumes over a ten-year period. The Scotia Mine has a defined NI 43-101 mineral reserve of 5.1 million tonnes (mt) of gypsum, comprising 1,530,000 tonnes (t) of proven mineral reserves with a gypsum grade of 92.8%. The probable mineral reserves are estimated at 3.65mt with a grade of 91.4%, as per the 2021 pre-feasibility study (PFS). The PFS indicated an expected gypsum revenue of $43.9m based on 2021 prices of $8.6/t. Gypsum is widely used in the construction and agricultural industries, among others. The average price for crude gypsum was $13/t in 2024, with an expected increase due to rising demand in North America. The gypsum offtaker will pay for gypsum delivered free-on-board trucks at the Scotia Mine on a take-or-pay contract basis. EDM Resources president and CEO Mark Haywood said: 'We are very pleased to secure the third revenue stream opportunity for our Scotia Mine, which is in addition to the forecast zinc and lead revenue streams. 'With the execution of the new gypsum offtake agreement, the Scotia Mine secures market rate payments for at least 2.5mt of gypsum.' EDM Resources is currently in the exploration and evaluation stage and has not generated revenue from operations. The company's ability to execute its objectives depends on its capacity to secure additional financing. Proceeds from the sale of gypsum under the offtake agreement are contingent upon the commencement of production at the Scotia Mine, with various risks and uncertainties. "EDM Resources secures $58m gypsum offtake deal" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
