Training artificial intelligence to disrupt
mineral processing
VANCOUVER, March 4, 2019 /CNW/ - GOLDCORP INC.
(TSX: G, NYSE: GG) ("Goldcorp") is pleased to announce
ANDRITZ as the winner of #DisruptMining 2019, the innovation
accelerator, offering entrepreneurs a platform to bring disruptive
and exponential technologies to the sector. ANDRITZ impressed the
judges and earned the opportunity to negotiate a contract or
investment of up to $1 million* with
Goldcorp.
"We thank Goldcorp and KPMG for their tremendous leadership
driving innovation and digitalization forward in mining. We are
excited to be part of Goldcorp's success to bring autonomous plant
operation to mineral processing and we look forward to getting to
work," said Sohail Nazari, Business
Development Manager and Arthur
Gooch, Director of Innovation.
"Congratulations to our #DisruptMining winner ANDRITZ and to all
our finalists and semi-finalists. Innovation doesn't stop or start
with one idea, one technology, or one company. For the mining
industry to reach the demands and potential of the 21st century,
every company must step up and innovate. We must all be safer, more
efficient, and responsible and we'll get results faster through
collaboration and the kind of break-through thinking the
#DisruptMining platform is meant to uncover for our industry," said
David Garofalo, President and CEO,
Goldcorp.
"Congratulations to ANDRITZ for winning #DisruptMining. Thank
you to all the finalists and semi-finalists for driving innovation
forward and challenging all of us to realize the immense
opportunity exponential technology represents for the natural
resources sector. At KPMG we are proud to support dynamic,
innovative companies and we're increasing our investment in helping
our clients with digital transformation." said Armughan
Ahmad, President & Managing Partner, Digital
Solutions.
ANDRITZ, a leading supplier of machines and automation
solutions worldwide, 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 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.
Deciding the fate of the three finalists was a panel of industry
judges:
- 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
- Wal van Lierop, President &
CEO, Chrysalix Venture Capital.
CEO David Garofalo announced that net proceeds
of $200,000 from the #DisruptMining live finale will be
granted toward mining, innovation and technology scholarships to
the University of British Columbia. In addition to the
scholarships, Goldcorp and KPMG announced a $50,000
donation to Hope Air, a national charity arranging free
transportation to medical appointments for Canadians living in
remote communities that would otherwise be challenged to receive
specialized medical care.
About #DisruptMining
#DisruptMining, a mining innovation accelerator, 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. Approximately 90 submissions
were received for #DisruptMining 2019. On March 3, 2019,
during the annual Prospectors and Developers
Association of Canada (PDAC) conference,
semi-finalists had the opportunity to showcase their ideas at the
innovation expo, the largest innovation-focused networking event at
PDAC. Three #DisruptMining finalists pitched their competing ideas
at the live "shark-tank" style gala, co-hosted
by Goldcorp and KPMG.
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
|
SOURCE Goldcorp Inc.