• Product Launch
|VIEW PROFILE||Texas based start-up focused |
on sustainably increasing
yields from low quality ore
The Excellence Rankings celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognise the people and companies that are driving change.
Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.
What is Innovation?
Innovation is the category with one of the widest scopes within the Excellence Rankings as it looks at novel new approaches in every area, from the fruits of research and development to novel new business practices. What all the ranked entities have in common is the demonstration of new concepts not just within their own business but in the sector as a whole.
The category includes any projects that demonstrate an innovative approach to the market. The category crosses over with many of our other categories and can include new products, novel product features, new business practices, new marketing and sales strategies and more.
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Innovation within the mining sector during the research period has been focused on technology solutions, either to increase efficiency or to reduce the carbon footprint of operations.
Several companies have looked at the possibilities of using AI to improve their processes and we have seen examples of this technology being used for both discovery and extraction.
Linked to this has been an increase in automation, often incorporating AI, particularly in relation to dangerous extraction environments, with the aim to increase safety and reduce costs by reducing the personnel needed on the ground to carry out certain tasks.
Innovation has also been seen with the introduction of new types of machinery, with products being developed that improve efficiency and cut carbon emissions. When it comes to sustainability there is also a digital element with technologies like blockchain being used to improve traceability of minerals.
This category includes companies that have increased efficiency and improved processes through the use of innovative technology.