- BHP Group Ltd (NYSE:BHP) is collaborating with Microsoft Corp (NASDAQ:MSFT) to use artificial intelligence and machine learning to improve copper mining.
- The use of new digital technology to optimize concentrator performance at BHP's Escondida operation in Chile is expected to improve copper recovery.
- BHP estimates the world would need to double the amount of copper produced over the next 30 years, relative to the past 30 to meet the demand of decarbonization technologies.
- By using real-time plant data from the concentrators in combination with AI-based recommendations from Microsoft's Azure platform, the concentrator operators at Escondida will have the ability to adjust operational variables that affect ore processing and grade recovery.
- The concentrator circuit is responsible for extracting, floating and collecting the copper mineral from crushed and milled ore.
- Escondida produces over one million metric tonnes of copper per annum.
- Price Action: BHP shares are trading higher by 0.07% at $56.71 in premarket on the last check Tuesday.
- Photo via Wikimedia Commons
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!