OZ Minerals has announced a new initiative called the Waste to Value Challenge which will gather ideas from across the industry to address issues of waste from extraction and processing.
Presenting at the Copper to the World Conference at the Adelaide Convention Centre, OZ Minerals transformation entrepreneur Burkhard Seifert revealed the idea and intention behind the initiative.
“There is a range of opportunities along the mining value chain relating to waste minimisation. Adding value to waste itself offers significant opportunity for innovation,” Seifert said.
“What we’re trying to do here is to activate the innovation ecosystem, bringing efforts together across the mining value chain to address waste challenges more holistically.”
The challenge will focus on minimising waste rock, minimising tailings, and generating value from these two materials.
The initiative is a partnership between OZ, AMIRA and the International Copper Association Australia.
Of the partnership, Seifert said the more companies the merrier.
“We’re honoured to be working with AMIRA and the ICAA, and we are inviting other mining associations to join us in this challenge,” he said.
“The purpose of our incubator is to learn as much as we can about what is likely to happen in the space – to understand what value can be created, not just for us but for our stakeholders and the broader industry
“Our role is to identify the potential of the opportunity, to define the pathway to opportunity and to share what we learn.”
In June, OZ showed its passion for collaboration when it opened the Arkani Ngura Innovation and Technology Centre near its Prominent Hill operations in South Australia.
The not-for-profit centre will provide a space for innovations in underground mining to be tested, trialled and developed, while improving the relevant workforce.