Tag Archives: Vedanta

First of its kind Net Zero Standard devised for diversified mining sector

Climate Action 100+, which calls itself the world’s largest investor engagement initiative on climate change, has released a first of its kind “Net Zero Standard” for diversified mining companies such as Anglo American, BHP, Glencore, Rio Tinto, South32, Teck Resources and Vale.

The new standard aims to help investors assess the progress of diversified mining companies as they move towards net zero, providing them with robust tools to independently and consistently assess these companies’ transition plans, in order to understand their transition risk and support their engagement efforts.

Designed to complement the sector-neutral Climate Action 100+ Net Zero Company Benchmark, the standard will provide a transparent, systematic and evidence-backed engagement tool, giving Climate Action 100+ signatories and the wider investor landscape the metrics most specific to this important, but complex, sector, the organisation says.

“The Net Zero Standard for Diversified Mining reflects the outcome of extensive consultation with investors, mining companies themselves and other key stakeholders,” it said, adding that a final consultation on a draft of the standard was conducted in the June quarter before the final release.

As part of this development, the organisation has devised a set of metrics that diversified mining companies engaged with under Climate Action 100+ will be assessed against, and the scoring methodology that will be used. These metrics are additional to the Climate Action 100+ Net Zero Company Benchmark.

Additionally, a document called Investor Expectations for Diversified Mining has been published that, the organisation says, fleshes out the standard with background and rationale behind the metrics found in the standard itself.

The metrics laid out in both documents will now be piloted by assessing selected miners with the objective of testing their practicality. Feedback from these pilots will be used to further refine the metrics into a final list, with which it is expected public assessments will be made. These assessment results (as well as the narrative and context provided in the Investor Expectations) will bring impactful insights to engagement conversations, the organisation says.

The list of Climate Action 100+ companies that will be assessed with the standard include Anglo American, ANTAM, BHP, Glencore, Grupo México, Rio Tinto, South32, Teck Resources, Vale, Vedanta.

Rebecca Mikula-Wright, Chief Executive Officer, Investor Group on Climate Change, says: “The world’s leading miners are already shifting their businesses to help the world decarbonise, but some are just making claims that aren’t backed by reality. This new standard will help investors and governments separate the greenwashers from the companies that will have sustainable businesses in a net zero world.”

Laura Hillis, Church of England Pensions Board, added: “Investors often have exposure not only to the mining sector, but to many other sectors that are underpinned and enabled by mining. For example, the autos, property, steel and manufacturing sectors are highly dependent on the commodities produced by miners. By focusing on the strategic role of mining in the net zero transition, we can boost the resilience of our overall portfolio. This standard provides an ambitious but credible framework for investors and mining companies to ensure this critical sector supports a just and orderly transition to net-zero, and it raises the bar at a crucial time in this essential global economic transformation.”

Detect to roll out T-Pulse AI-based safety software across Vedanta ops

Detect Technologies has announced a global agreement with Vedanta for deployment of T-Pulse, its artificial intelligence (AI)-based workplace safety software.

Vedanta is among the top producers of commodities including zinc, lead, silver, iron ore, steel, copper, aluminium, and oil and gas. The group engages more than 65,000 employees and contractors, primarily in India, Africa, Ireland and Australia.

Managing health, safety and environment (HSE) for such a diverse and spread-out organisation is a massive challenge, Detect says. Driven by its commitment to GOAL ZERO, Vedanta started exploring AI-based solutions to infuse efficiency into this process. T-Pulse was piloted across various industries of Vedanta and was finally awarded the mandate to implement its solution across all Vedanta sites.

Since its deployment, T-Pulse has significantly increased the visibility of workplace risks, leading to early identification of more than 4,000 critical HSE non-compliances, it says.

Daniel Raj David, CEO and Co-founder, Detect Technologies, said: “We appreciate the continued conviction Vedanta has shown in Detect and are excited to enable them in their journey towards improvements in ESG and safety compliance. This is another testament to our mission of driving change through AI and advanced technologies to create a better world.”

T-Pulse, Detect says, offers a centralised and scalable technology stack designed for plug and play deployment. Engineered for risk minimisation and mitigation through actionable insights, T-Pulse has witnessed growing deployments across major caution-intensive workplaces such as construction, petrochemicals, logistics, power, metals, mining, pharmaceuticals and fabrication yards.

Vedanta Group CEO, Sunil Duggal, said: “This partnership will further augment Vedanta’s capabilities on technology-led safety enablement. Detect Technologies’ AI and computer vision solutions will help us enhance our digital safety monitoring across all business units.”

Vedanta aims to solve open-innovation challenges with Austmine collaboration

Austmine and Vedanta have signed a Memorandum of Understanding (MoU) that outlines a framework for future cooperation between the two companies in line with the Australia-India Mining Innovation Program supported by the Australia-India Council and the Global Mining Challenge – India program.

The MoU was executed by Dr Robert Trzebski, Austmine Director, International Business, and Vineet Jaiswal, Deputy CEO of Vedanta Limited’s Centre of Excellence.

“We are very pleased to see this MoU in place as it paves the way for great synergy between our two entities, combining Austmine’s METS network in Australia and Vedanta’s drive for technology excellence and innovation,” Trzebski said. “Our collaboration will allow Australian METS solutions to enter the Indian mining industry and address challenges around world-class standards of governance, safety, sustainability and social responsibility.”

Jaiswal added: “We are delighted to see this alliance take place as Austmine is a great platform to help crowdsource innovation and connect to the best of brains across the world for opportunities available across Vedanta group. The METS capabilities of Austmine’s membership network will be a complement to Vedanta’s quest for transformation across environment, communities, governance, workforce and other business functions.”

The objectives of the MoU are to solve to open-innovation challenges, gain access to Australian transformative and sustainable technologies, drive disruptive potential that will create a large-scale impact on global ESG issues,and stimulate bilateral trade and investment between Australia and India, Austmine says.

The first two challenges, ‘Underground Mining Network Connectivity’ and ‘Reduction of Net Carbon Consumption in Potlines’, have already been launched. In the former category, Vedanta is seeking technology-based solutions that help reduce the risks, impacts, and occurrence of communication gaps in its underground mining operation at the Rampura Agucha Mine; with the latter challenge seeking technology-based solutions that can help reduce the net carbon consumption in its potline at the Vedanta Limited Jharsuguda smelter.

Sandvik to show off OptiMine capabilities at Hindustan Zinc’s SK zinc-lead-silver mine

Sandvik is set to deliver one of the most comprehensive digital offerings globally at Hindustan Zinc’s Sindesar Khurd (SK) zinc-lead-silver mine in Rajasthan, India.

The company will use its OEM-independent OptiMine® digital solutions to ensure all required infrastructure and platforms are established to achieve world-class mining safety, efficiency and productivity, it said.

The system includes a comprehensive set of features for short interval control of the underground operations, including: OptiMine Monitoring, Location Tracking and Mine Visualization, Scheduler, Task Management and OptiMine Analytics, the latter with IBM Watson IoT. The system will be commissioned in 2019.

For this programme, Sandvik is partnering with Newtrax Technologies, which will deliver personnel tracking with cap lamps, tracking and telemetry data for the entire mobile underground fleet, including non-Sandvik equipment, numbering more than 150 drills, loaders, trucks and other equipment. The Newtrax offering will be seamlessly integrated with the Sandvik OptiMine digital platform creating an integrated mine management solution at the SK mine.

Patrick Murphy, President Product Area Rock Drills and Technologies at Sandvik Mining and Rock Technology, said: “Sandvik OptiMine modules can be combined as needed to build up the required functionality and to optimise mining operations. With open interfaces, the solution can also be integrated to other mine IT systems. This interoperability is crucial in enabling our customers to leverage the full value of digitalisation.

“Vedanta Hindustan Zinc has a vision of what the mine of the future will look like, and we’re excited to collaborate with them to make it happen at SK mine. The capability of this system will be virtually unmatched globally in underground hard-rock mining in terms of both scope and scale.”

Sunil Duggal, CEO at Hindustan Zinc, said: “We at Hindustan Zinc are leveraging digital solutions to improve our availability, utilisation and productivity at the SK Mine. With OptiMine, we will be able to plan, schedule and monitor overall operations in real time. This will add major value and increase our productivity, eliminating bottlenecks and allowing us to measure and monitor our key performance indicators in real time, proactively addressing problems before they occur.”

Hindustan Zinc is one of the world’s largest integrated producers of zinc and among leading global lead and silver producers. Its core business comprises of mining and smelting of zinc and lead along with captive power generation. It has a metal production capacity of more than 1 Mt/y with lead-zinc mines in Rampura Agucha and Sindesar Khurd; and key modern smelting complexes in Chanderiya and Dariba, all in Rajasthan, India.

SK Mine is a highly mechanised underground mine with an ore production capacity of 5.5 Mt/y. The mine’s products are zinc and lead concentrate and the mining method used is blasthole open stoping.

OptiMine is a digital platform for analysing and optimising mining production and processes. It integrates all relevant data into one source, delivering both real-time and predictive insights to improve operations. OptiMine is open, scalable, and adaptable to automated and manual applications.

OptiMine Analytics, with IBM Watson IoT, is the next generation of OptiMine that transforms data into process improvement via predictive insights and actionable dashboards embedded into operation management systems. The solution is part of the digital partnership between Sandvik Mining and Rock Technology and IBM and is backed by Sandvik and IBM digital experts around the globe.