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The Cryptonomics™ > Mining > BHP-funded research ‘confirms’ EcoHoist worth proposition
Mining

BHP-funded research ‘confirms’ EcoHoist worth proposition

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Last updated: May 7, 2025 7:22 am
admin Published May 7, 2025
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BHP-funded research ‘confirms’ EcoHoist worth proposition


EcoHoist publicizes that BHP’s Assume and Act In another way group has commissioned an “neutral marketing consultant” to carry out a industrial evaluation of the EcoHoist at a BHP Copper SA proxy mine.

The EcoHoist goals to enhance on conventional vertical hoisting methods by considerably lowering the scale of the required mine shafts by way of using a vertical bucket elevator that may function inside two small diameter mine shafts. This discount in mine shaft measurement results in a discount in capital price and building time in contrast with skip hoist methods, the corporate says.

The EcoHoist operates on electrical energy and supplies the chance for mines utilizing standard diesel-powered load and haul fleets to concurrently minimize manufacturing prices and decarbonise, in keeping with the corporate.

The research was based mostly on a mine producing 10 Mt/y of ore from 1,000 m underground contemplating an growth of manufacturing charge by 2 Mt/y, as much as 12 Mt/y.

Within the base case, this growth required 10 extra diesel haul vans and the development of an extra entry decline.

The EcoHoist case required the development of two small diameter mine shafts and the set up of an EcoHoist steady bucket elevator working on clear electrical energy.

The capital price for the trucking base case included expenditure for 10 vans at A$3 million ($1.94 million) every, and A$100 million for the decline for a complete capex of A$130 million.

Within the EcoHoist case the estimated capital price for the complete system was A$75 million together with three vans to move ore to the loading station. The capital price for the EcoHoist system was supplied by EcoHoist.

Primarily based on this, the EcoHoist state of affairs delivered the additional 2 Mt/y of ore to the floor for a saving in capital price of A$55 million (42% cheaper).

Importantly, EcoHoist additionally nearly halved working prices. The bottom case haulage price was A$13.3/t whereas the haulage price within the EcoHoist state of affairs was A$6.8/t, together with an extra underground loader and underground crusher.

The research discovered that the decrease capital price and decrease working price of the EcoHoist resulted in a considerably greater nominal incremental internet current worth of A$131 million.

Separate to the numerous financial advantages, EcoHoist supplied substantial reductions in trucking CO2 emissions with the bottom case estimated (by EcoHoist) to provide 17,000 t/y of CO2, whereas the EcoHoist state of affairs solely produced 2,000 t/y of CO2.

EcoHoist’s subsequent step is to construct a know-how demonstrator to substantiate its functionality to assist BHP and different mining firms obtain their targets of maximising manufacturing of key commodities like copper, whereas lowering greenhouse fuel emissions and delivering enticing shareholder returns, it says.

Final 12 months, EcoHoist signed a Joint Improvement Settlement with ABB targeted on the design and building of a 30% scale demonstration of the EcoHoist vertical bucket elevator.



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