There is a growing number of providers offering AI-based solutions for the global mining industry. Today, the mining industry is faced with the problem that ore qualities are declining and environmental protection requirements are becoming stricter. For another, there are fluctuations in ore grades that are difficult to determine. One of the largest, arguably the largest, copper producers in the world, Codelco, is using AI to increase copper yields. And Codelco has already seen success with it. It has been able to extract 8,000 tons of additional copper from a 100-year-old mine. AI helps to make faster and more accurate decisions, and in the case of deposits, it can extend their lifespan. After all, data collection in mining is laborious, often still done visually or manually, and it can be made more efficient with AI. Increasingly, drones are also providing positive effects here. Another important area is worker safety, which benefits, as does, for example, the optimization of ventilation systems.

But there are also many mining companies still exploring significant exploration opportunities and targets with soil sampling, drilling and geophysical surveys, for example – most recently Hannan Metals – https://www.commodity-tv.com/play/mining-newsflash-with-alpha-lithium-hannan-metals-gold-royalty-and-targa-exploration/ – at its Valiente copper and gold project in Peru. Also in Hannan Metals’ portfolio is the prospective San Martin copper-silver project, also in Peru, and the County Clare zinc-silver project in Ireland. In gold, Karora Resources – https://www.commodity-tv.com/play/karora-resources-increased-resources-at-beta-hunt-and-record-gold-production-in-2022/ – which owns two producing gold mines in Western Australia, recently expanded gold resources at its Beta Hunt gold mine by about 20 percent through drilling.

Latest corporate information and press releases from Hannan Metals (https://www.resource-capital.ch/de/unternehmen/hannan-metals-ltd/ ) and Karora Resources (https://www.resource-capital.ch/de/unternehmen/karora-resources-inc/ )

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/