BHP Taps Microsoft AI to Lift Escondida Copper Recovery
Portfolio Pulse from Benzinga Newsdesk
BHP and Microsoft have collaborated to use artificial intelligence and machine learning to improve copper recovery at the world's largest copper mine, Escondida in Chile. The new digital technology is expected to optimize concentrator performance and generate more value from the existing resource.
May 30, 2023 | 9:21 am
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POSITIVE IMPACT
BHP's collaboration with Microsoft to improve copper recovery at Escondida mine using AI and machine learning is expected to optimize concentrator performance and generate more value.
The collaboration with Microsoft will help BHP optimize concentrator performance at Escondida mine, which is expected to improve copper recovery. This will likely generate more value from the existing resource, positively impacting BHP's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's collaboration with BHP to use AI and machine learning for improving copper recovery at Escondida mine showcases the company's technology capabilities in the mining industry.
The partnership with BHP demonstrates Microsoft's technology capabilities in the mining industry, which could lead to more collaborations and increased revenue in the future. This positive news may have a short-term positive impact on Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100