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$UUUU ABB Deploys Automation, Electrification Technologies to Increase Sustainable Underground Mining

ABB is a technology firm focused on achieving a productive and sustainable future. Its automation solutions and electrification knowledge have been utilized in a futuristic project that aims to increase productivity by 50% while generating no carbon dioxide emissions.

The global tech company has provided connected operations and control-management systems as well as mobile-operator workplaces with high visualization as part and parcel of a worldwide mining partnership to reduce the climate impact.

The project, referred to as the Sustainable Underground Mining, was designed by LKAB. The aim of the project is to set a new sustainable mining world standard in collaboration with Epiroc, ABB, Combitech and Sandvik. LKAB’s key business is the mining and processing of iron ore and for the steel industry.

The framework outlines the project’s objectives for deeper mining, zero carbon dioxide emissions, productivity growth and safe mines for individuals.

In addition to its partnership with LKAB, ABB will continue its knowledge contributions with regard to automation and workplaces. The partnership’s goal is to discover smarter solutions and alternative methods for mining in the future. A virtual test mine and test work in Northern Sweden’s Kiruna mine will be used to study the best way to establish an autonomous production system that is carbon dioxide free.

The Konsuln orebody is used to show workplaces in the future in an environment that is decentralized and that uses autonomous electric mobile transport systems efficiently. Additionally, the organizations involved will be provided with real-time process information.

ABB is comprised of a big team willing to commit a significant amount of time to the project. The firm includes experts in research and digitalization as well as in automation and electrification. The ABB automation and electrification solutions will have been installed fully by 2022. The goal is that a new mining production standard will be established worldwide by the year 2030.

New technology will be designed and tested in a real mining environment in the Sustainable Underground Mining project to ensure that the natural resource industry in Sweden can grow and generate employment opportunities while remaining competitive both nationally and locally. In the future, digitalized and autonomous machines and mine experts and professionals will work together.

For the project to be implemented, partners and a significant investment on a national scale will be needed. The partners are now seeking collaborations with universities, the Swedish state and research institutes as well as additional suppliers.

Meanwhile, mining firms are continuing their operations amid the pandemic in the most safe and effective ways possible. For instance, Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has a globally outstanding portfolio of uranium production.

NOTE TO INVESTORS: The latest news and updates relating to Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) are available in the company’s newsroom at http://ibn.fm/UUUU

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Wednesday, December 30th, 2020 Uncategorized