Australian based mining waste management technology provider Phibion, announced today that it has welcomed an investment by RCF Jolimont Mining Innovation Fund II-A L.P. (RCF Jolimont II) to accelerate global expansion. The investment by RCF Jolimont II will enable Phibion to expand its manufacturing facilities and global operations to meet the growing demand for its world-leading mineral tailings dewatering technology, from an increasingly Environmental, Social and Governance (ESG) aware mining industry.
Mineral tailings are the waste materials left over after the target mineral is extracted from ore. They consist of crushed rock, water, trace quantities of unextracted metals, and residual additives used in processing, which may be hazardous.
A large amount of tailings is generated during the extraction and processing of metals and minerals including iron ore, copper, aluminium, coking and thermal coal. The production of these metals and minerals is expected to drive strong growth in the mining waste management market in the coming years with the overall mining waste management market forecast to grow at a CAGR of 6.1% from 2017 to 2022, reaching 233.56 Billion Tons. * The tailings segment of this market is projected to grow at the highest CAGR during the forecast period. * Phibion operates in this growing market, as well as providing remediation of existing tailings storage dams.
Responsible management of mineral tailings is at the core of concerns around sustainable environmental management, impacts on society and the governance of mining operations. The recent catastrophic failures of tailings dams in Brazil have highlighted both the difficulty of the issue and the risks of conventional approaches.
Phibion has developed and commercialised the Accelerated Mechanical Consolidation (AMC) technology with its purpose-built dewatering tool called the MudMaster® (a twin Archimedes Screw Vehicle).Phibion designs, manufactures, supplies and operates MudMaster® machines which are used for in-situ dewatering and consolidation of mine tailings, improving the environmental performance of mining operations and reducing costs.
AMC reduces the volume of tailings requiring storage and allows the recovered water to be recycled reducing overall demand on water resources. Importantly, this is possible without the need for capital expenditure or significant changes to operational management.
RCF Jolimont Director Lyle Bruce said: “This award-winning technology is a unique and innovative departure from conventional thinking around the management of mine tailings. RCF Jolimont seeks to support innovative businesses that are transforming mining, particularly around safety, productivity and environmental performance. We are excited by the opportunity to be part of Phibion and to help build a great business that improves the environmental performance of the mining industry.”
With the backing of RCF Jolimont II, Phibion will increase its manufacturing capability, increase research and development, and expand deployment of the technology creating new employment opportunities across the group.
Read more Mining Safety News
* Mining Waste Management Market by Mining Method (Surface, and Underground), Metals/Minerals (Thermal Coal, Coking Coal, Iron Ore, Gold, Copper, Nickel), Waste Type (Overburden/Waste Rock, Tailings, and Mine Water), and Region – Global Forecast to 2022- MarketsandMarkets https://www.marketsandmarkets.com/Market-Reports/mining-waste-management-market-104930371.html