View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 9, 2021updated 25 Oct 2021 9:26am

BHP teams up with KoBold Metals to explore battery minerals

Using AI technology, the partners will explore metals such as cobalt and nickel.

BHP has partnered with Silicon Valley-based AI-powered mineral exploration company KoBold Metals to explore battery minerals in Australia and other countries.

Free Report
img

How is AI impacting the future of Mining?

The mining industry is under more pressure than ever to increase efficiency. There is also a strong focus on ensuring safety and sustainability within mines. AI can address many of these challenges and inefficiencies through several key technologies in the value chain, including computer vision, smart robots, data science, and machine learning. GlobalData’s AI in Mining Thematic Research report provides you with an in-depth lens into the impact of artificial intelligence on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers:
  • Major players and companies
  • Market size and growth forecasts
  • Case studies
  • Sector scorecard
Mining firms are expected to spend $218m on AI platforms worldwide by 2024. This is up from $76m in 2019, representing a CAGR of 23.4%. Ensure your company is proactive in adapting strategies and processes to help you remain competitive. Download the full report to get ahead of the competition.
by GlobalData
Enter your details here to receive your free Report.

Under the partnership, the two firms will jointly fund the exploration programmes, starting in Western Australia.

Using KoBold’s AI technology, the partners will explore metals such as cobalt and nickel, which are used in the manufacture of batteries implemented in electric vehicles (EVs) and clean energy technologies.

KoBold uses data-crunching algorithms to help make decisions on land acquisitions and drilling sites.

The company is backed by Microsoft’s Bill Gates and Amazon’s Jeff Bezos, among others.

KoBold CEO Kurt House told Reuters that the partnership plans to explore an area exceeding 500,000km² in Western Australia.

BHP metals exploration vice-president Keenan Jennings said: “Globally, shallow ore deposits have largely been discovered, and remaining resources are likely deeper underground and harder to see from the surface.

“We need new approaches to find the next generation of essential minerals, and this alliance will combine historical data, artificial intelligence, and geoscience expertise to uncover what has previously been hidden.”

The partnership is expected to help KoBold access BHP’s exploration databases built up over many years while the Australian miner will focus on expanding its portfolio of ‘future-facing commodities’.

House was quoted by Bloomberg as saying: “In Western Australia, there’s extensive information. A lot of this data is dark data – it hasn’t been used more than once.”

According to House, the discovery zones over the next 20 years will be located at depths between 200m and 1,500m.

Reuters quoted House as saying: “That’s the area that is very poorly explored (and) is likely to host a tremendous number of ore bodies.”

Last month, KoBold and Bluejay Mining signed a joint venture agreement for the Disko-Nuussuaq project in Greenland.

Related Companies

Free Report
img

How is AI impacting the future of Mining?

The mining industry is under more pressure than ever to increase efficiency. There is also a strong focus on ensuring safety and sustainability within mines. AI can address many of these challenges and inefficiencies through several key technologies in the value chain, including computer vision, smart robots, data science, and machine learning. GlobalData’s AI in Mining Thematic Research report provides you with an in-depth lens into the impact of artificial intelligence on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers:
  • Major players and companies
  • Market size and growth forecasts
  • Case studies
  • Sector scorecard
Mining firms are expected to spend $218m on AI platforms worldwide by 2024. This is up from $76m in 2019, representing a CAGR of 23.4%. Ensure your company is proactive in adapting strategies and processes to help you remain competitive. Download the full report to get ahead of the competition.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology