$10 Million Prize Awaits Silver Solution

Barrick Gold Corporation of Toronto is inviting scientists, engineers, and inventors to find a solution to an unsolved mining puzzle. A $10 million performance bonus will be paid for a method or technology that is successfully implemented, the company announced this week. The National Mining Association's weekly newsletter reported on the contest Sept. 21.

The challenge is finding a way to recover silver from Barrick's Veladero gold mine in Argentina. Geologists have determined there are 180 million ounces of silver contained in the mine's gold reserves, with much of the silver encapsulated in silica. Barrick's contest site, www.unlockthevalue.com, says traditional methods of mining, mineral processing, and extractive metallurgy have recovered only 6.7 percent of the silver.

The company will fund the research, pay a consulting fee, provide resources and expertise, and help develop and test the idea for proposals that are judged to have merit. Jan. 21, 2008, is the deadline for submitting Phase 1 proposals; participants are required to register and must present their proposals in English. In addition, all submissions must adhere to Barrick's commitments in safety and health, environment, and social responsibility, the company says.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Easy to Use Safety Incident App

    Record incidents on the go with IndustrySafe’s mobile app. Collect data for multiple types of incidents including including near misses, vehicle and environmental incidents, and employee and non-employee injuries; at job sites and remote locations—with or without web access.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. IndustrySafe is here to help. We put together a resource that’s easy to digest so you can get answers to your training questions and ensure you're complying with OSHA's standards.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus