Codelco Considers Innovative Electric Technology from I-Pulse to Enhance Mining Efficiency

Codelco is exploring technology from I-Pulse Inc. led by Robert Friedland, which utilizes electricity for rock fragmentation. Executive Chairman Maximo Pacheco expressed interest in collaboration following his visit to I-Pulse’s lab. The technology could enhance mining efficiency and reduce emissions, responding to the need for cleaner mining practices and higher mineral output.

Codelco, the leading copper producer globally, is contemplating the implementation of innovative technology from I-Pulse Inc., headed by Robert Friedland. This technology harnesses electricity to break rocks, potentially enhancing mining efficiency. Executive Chairman Maximo Pacheco expressed a positive rapport with Friedland following his recent visit to the company’s lab in Toulouse, France, stating that both organizations share significant mutual interest in collaboration.

Friedland has confirmed ongoing negotiations with Codelco and other mining entities regarding the adaptation of I-Pulse technology. Highlighted as a unicorn company, I-Pulse employs pulsed power for various applications, including mineral extraction, which lowers energy consumption and emissions during mining operations. The technology has successfully attracted investments from notable firms such as BHP Group and a fund associated with Bill Gates.

Moreover, other prominent mining companies like Rio Tinto, Newmont, and Teck Resources have shown interest in I-Pulse’s solutions. The push for cleaner mining practices is vital for securing public support for mining expansions, particularly for state-owned Codelco amid decreasing ore quality. Pacheco remarked on the critical demand for minerals like copper and lithium, emphasizing the necessity for innovative mining approaches.

This collaboration is poised to not only enhance mining practices but also align with environmental expectations in the critical minerals market.

In summary, Codelco is exploring the adoption of I-Pulse’s electric technology to improve mining efficiencies in response to the pressing demand for critical minerals. Engaging in discussions with Friedland’s firm reflects Codelco’s commitment to innovation and environmental responsibility in mining. The collaboration could potentially redefine mining operations in Chile, ensuring sustainability while meeting market demands.

Original Source: financialpost.com