Barrick Gold Corporation has become a patron of the Charge on Innovation Challenge an industry-wide effort to cut emissions from surface mining. The Challenge takes the form of a global competition and seeks to leverage the experience and ideas of a variety of industries to develop new concepts and solutions for large-scale haul truck electrification. Electrification is seen as the key to decarbonize mining and the …
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has become a patron of the Charge on Innovation Challenge an industry-wide effort to cut emissions from surface mining.
The Challenge takes the form of a global competition and seeks to leverage the experience and ideas of a variety of industries to develop new concepts and solutions for large-scale haul truck electrification. Electrification is seen as the key to decarbonize mining and the crux of the challenge is to develop a solution that will safely deliver electricity to large surface haul trucks without adding time to the haul cycle.
So far over 350 companies from across 19 industries have registered their interest as vendors with 80 companies submitting formal expressions of interest.
With the help of the Australian mining equipment industry body Austmine, the patrons will evaluate proposals over the next month with a view to creating a short-list of vendors to submit formal proposals. Once a suitable solution is selected, site trials are expected to start within the next few years.
Barrick president and...
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