VANCOUVER, Feb. 25, 2019 /CNW/ - GOLDCORP INC.
(TSX: G, NYSE: GG) ("Goldcorp") today announced the three
finalists selected to pitch to the distinguished panel of judges at
the #DisruptMining 2019 live finale. These innovative companies
will present their technologies, which include a new drilling
approach that can unlock the value in narrow vein deposits; a
unique way of training artificial intelligence to autonomously
operate a mineral processing facility; and an IoT application that
increases the intelligence of belt conveyors used to transport
material at mine sites.
Highlights:
- The three finalists selected to pitch their disruptive ideas
and technologies at #DisruptMining are:
-
- Anaconda Mining: a revolutionary drilling approach that
promises to unlock value for narrow vein deposits.
- ANDRITZ: training artificial intelligence to autonomously
operate a mineral processing facility.
- Voith Turbo: an IoT application that increases the
intelligence of belt conveyors.
- The finalists will compete for the opportunity to negotiate up
to $1million* investment in the
winning technologies at the live finale, Sunday March 3, 2019.
"#DisruptMining continues to represent the best of innovation in
the mining industry. These finalists demonstrate break-through
thinking and help build digital momentum in mining. The industry
needs to help accelerate the development of these kinds of
technologies," said Todd White,
Goldcorp Chief Operating Officer and Executive Vice President of
Operations. "We're thrilled to welcome each of them to the
#DisruptMining community and look forward to learning more about
each of these applications."
After a technical review by a group from the University of British Columbia, shortlisted
submissions were reviewed by senior Goldcorp representatives to
determine semi-finalists and finalists for #DisruptMining.
The three finalists pitching their disruptive technology to the
distinguished panel of judges are:
- Anaconda Mining Inc., a TSX-listed gold mining company
operating in Atlantic Canada, has
developed an innovative, two-stage drilling method that enables
economic mining of narrow-vein deposits. The technology, known as
Sustainable Mining by Drilling (SMD), was developed in
collaboration with Memorial University of
Newfoundland. SMD has the potential to unlock value in
existing deposits that were previously thought to be uneconomic to
mine using traditional underground or surface mining methods. The
developers also expect this technology could extend the life of
current operations by allowing safe excavation to occur beyond the
limits of current designs.
- ANDRITZ, a leading supplier of machines and automation
solutions worldwide, has developed a unique and continuous way of
training artificial intelligence to operate a mineral processing
facility using ANDRITZ's digital twin. The AI is trained to respond
to a variety of situations, making it capable of adapting to
changing inputs and improving upset recovery time. The trained AI's
ability to quickly process information and recommend data-driven
solutions will allow for the improvement of the operation, such as
start-up and shutdown, and assist operators to achieve plant-wide
optimization.
- Voith Turbo, a division of Voith GmbH & Co. KGaA,
whose IoT application BeltGenius creates a digital twin of
belt conveyors which provides real-time insight into the behavior
of the operation. Resulting from a constant learning system, this
information is used to identify potential risks and inefficiencies,
allowing for greater uptime, more efficient energy use, predictive
maintenance and optimization of weight and speed. With
BeltGenius, mine sites can operate their belt conveyors with
greater control and consistency, increasing their savings on
repairs and material transportation costs while reducing the
environmental impact of traditional haul trucks.
Deciding the fate of the three finalists will be Ian Telfer, Chair of Goldcorp and acclaimed
mining industry titan; Katie
Valentine, Partner at KPMG Australia and Global Head of
Mining Consulting; Sue Paish, CEO of
Canada's Digital Technology
Supercluster; Jacob Yeung,
University of British Columbia student
and #DisruptMining UBC Captain; and returning #DisruptMining judge
Wal van Lierop, President & CEO,
Chrysalix Venture Capital.
Co-hosted by KPMG, the #DisruptMining live finale will take
place on Sunday, March 3, 2019 at the
Rebel Entertainment Complex in Toronto during the Prospectors and Developers
Association of Canada (PDAC)
convention. Each finalist will present a short pitch video followed
by a Q&A with the judges, in front of a live audience of nearly
600 people, demonstrating how their concept or technology has the
potential to #DisruptMining. Goldcorp has committed the opportunity
to negotiate for $1 million* toward a
proof of concept or direct investment in the winning
technology.
"KPMG is thrilled to co-host this industry defining event.
#DisruptMining is driving mining innovation to new levels and
putting Canada on the global stage
in this rapidly changing industry. #DisruptMining is a great
example of the convergence between exponential technology and the
natural resources sector. This convergence is the focus of KPMG's
new Ignition Centre and our increased investment in helping clients
with digital transformation," said Armughan Ahmad, President &
Managing Partner, KPMG Digital and Technology.
The #DisruptMining Expo
In addition to finalists, six
semi-finalists will showcase their technologies at the
#DisruptMining Innovation Expo. The Expo will take place on
Sunday March 3, 2019 from
4 p.m. to 6:30 p.m. EST at Rebel
Entertainment Complex in Toronto.
#DisruptMining Live Finale Sold Out
Tickets and
sponsorship opportunities for the #DisruptMining expo and
"shark-tank" style live event at the Rebel Entertainment
Complex are completely sold out.
About #DisruptMining#DisruptMining offers entrepreneurs a
platform to bring disruptive and exponential technologies to the
sector, whether it's unlocking exploration opportunities; finding
operational and production efficiencies; reducing the environmental
footprint and delivering on sustainability commitments; or
developing alternative ways to finance mines and capital projects.
#DisruptMining incentivizes people with exponential technologies
and rogue ideas, with a $1 million* opportunity to bring their
disruption to mining. Approximately 90 submissions were received
for #DisruptMining 2019. For more information please visit:
www.disruptmining.com
About Goldcorp www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward-Looking
Statements
Certain disclosures in this document constitute forward-looking
statements, including the timing and completion of the
#DisruptMining expo and live finale. In making the forward-looking
statements, the Company has applied certain factors and assumptions
that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the
Company, including that the Company is able to execute the
challenge in accordance with the terms described herein. Although
the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements are subject to
numerous risks, uncertainties and other factors that may cause
future results to differ materially from those expressed or implied
in such forward-looking statements. Such risk factors include,
among others, those matters identified in its continuous disclosure
filings, including its most recently filed annual information form.
Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
No purchase or skill-testing question is required, and the
chances of earning a spot as a finalist or semi-finalist depend on
the number and caliber of entries received during the submission
period. The #DisruptMining challenge is open to all individuals or
groups of individuals in Canada or
the US (excluding residents of Florida) who are at least the age of majority
in their province, state, territory or country of residence.
Eligibility to earn an opportunity to negotiate an investment from
Goldcorp requires travel to Toronto,
Canada on March 3, 2019 and
participation in the live finale event on March 3, 2019. For complete eligibility criteria,
please refer to www.disruptmining.com
* CAD $1 million investment not
guaranteed, and/or investment may be allocated among multiple
finalists; exact level of investment, if any, is at Goldcorp's sole
discretion and subject to completion of appropriate due
diligence.
For further information please contact:
INVESTOR
CONTACT
|
MEDIA
CONTACT
|
Shawn
Campbell
Director, Investor
Relations
Telephone: (800)
567-6223
E-mail:
info@goldcorp.com
|
Christine
Marks
Director, Corporate
Communications
Telephone: (604)
696-3050
E-mail:
media@goldcorp.com
|
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SOURCE Goldcorp Inc.