Codelco, the world’s largest copper producer, is evaluating the adoption of I-Pulse Inc.’s pulsed power technology to improve mining efficiency. Maximo Pacheco, Codelco’s chairman, indicated strong interest in collaboration, while Robert Friedland confirmed ongoing discussions about technology deployment. This approach aims to enhance operational sustainability and address the rising demand for critical minerals amidst declining ore quality.
Codelco, recognized as the largest copper producer globally, is exploring the implementation of innovative technology developed by Robert Friedland’s I-Pulse Inc., which utilizes electrical pulses to fracture rocks. Maximo Pacheco, Codelco’s executive chairman, has expressed optimism regarding the collaboration, having established positive relations with Friedland during a recent visit to I-Pulse laboratories in Toulouse, France. Although no formal agreement has yet been reached, Pacheco noted mutual interest in potential partnership opportunities.
Friedland corroborated these discussions, remarking, “We’re in discussions with Codelco and many others about the use of I-Pulse technology.” I-Pulse is described by Friedland as a private American unicorn that employs pulsed power technology across various sectors, including mining and manufacturing. Their initiative, I-ROX, focuses on utilizing this technology in the mining sector to enhance efficiency and reduce energy consumption and emissions. Notably, I-Pulse has attracted investment from significant players such as BHP Group and a European fund aligned with Bill Gates’ Breakthrough Energy Ventures.
In addition to Codelco, other prominent mining firms such as Rio Tinto Group, Newmont Corp., and Teck Resources Ltd. have also invested in I-Pulse’s transformative mining technology. Addressing environmental concerns is crucial for mining operations to secure social acceptance for the expansion of metals like copper, particularly for Codelco and other Chilean miners facing declining ore quality, which necessitates increased rock excavation to maintain metal production levels. Pacheco emphasized the need for innovation in mining, stating, “The tremendous demand for critical minerals — copper and lithium — requires new forms of mining. I-Pulse and Robert Friedland have a lot of experience and are doing very interesting things. We are following them very closely.”
In summary, Codelco is proactively exploring the integration of I-Pulse’s groundbreaking pulsed power technology to enhance mining efficiencies. The collaboration reflects a growing interest among mining companies to adopt sustainable practices in response to environmental challenges and the increasing demand for critical minerals. As Codelco seeks to maintain its competitive edge, the potential partnership with I-Pulse could redefine mining operations in Chile.
Original Source: financialpost.com
