Thousands of new startups are founded every year, despite considerable disruptions and challenges to the global economy. To introduce you to emerging technologies and startups in the mining sector, we analyzed a total of 621 global mining startups & scaleups.
Global Startup Heat Map reveals 5 Mining Startups You Should Watch in 2021
Out of 621, the 5 mining startups to watch this year are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally. The platform gives you the most exhaustive collection of solutions and ensures you continuously discover new startups, scaleups, and technologies. This enables you to easily scout for mining technologies and startups that matter to you and drive innovation in your industry forward.
The Global Startup Heat Map below highlights the 5 mining startups you should watch in 2021 as well as the geo-distribution of the other 616 startups & scaleups we analyzed for this research. The 5 highlighted mining startups are hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, the relevance of technology, and funding, among others.
Metso Outotec provides End-to-End Solutions for Mining & Metal Refining
Mining operations require multiple service providers at different stages – from mine to mill. The complicated workflow creates friction, leading to inefficiency and delays. Startups offer comprehensive services that enable mining companies to control the entire operation without additional investments. As a result, the overall operational efficiency increases while saving time and capital.
Metso Outotec is a Finnish startup that provides end-to-end solutions for mining, aggregates, and metal refining. The startup supports mining operations at every stage from plant design to equipment, parts, and services. It also provides complete solutions for aggregate services along with crushing and screening as a service. Metso Outotec’s solutions allow for centralized management of mining operations, optimizing efficiency and reducing expenses.
Navigate Commodities offers a Mining Analysis Platform
Efficient project formulation is essential for mining operation visibility and demand-driven business planning. However, conventional planning models focus on aspects of distribution rather than the needs of customers. That is why startups develop advanced, customer-centric management systems backed by big data and analytics. For example, data-driven pricing models strengthen the position of mining companies with buyers and suppliers, providing a competitive advantage.
Singaporean startup Navigate Commodities develops a data analytics platform for metals and mining industries. The startup’s Navigator platform utilizes big data and analytics to deliver actionable and data-driven business intelligence. The visualization platform aids strategic decision-making and risk management to optimize process workflow and improve operational efficiency, thus reducing overall costs.
STRYDE develops Seismic Imaging Solutions
Drilling and blasting are commonly-used methods in mining exploration. However, these processes are labor-intensive and expensive. Advancements in data analytics and 3D-mapping enable startups to build elaborate exploration solutions to understand the earth’s subsurface. These include aerial and satellite imagery to understand large land areas and reduce the search radius, saving time and capital.
British startup STRYDE develops a seismic imaging device for ore exploration. STRYDE Receiver is a lightweight, temperature-resistant, and autonomous node with 4GB of geological data storage. To manage the receivers, the STRYDE System comes with a rucksack for receiver storage, fast charging, and download unit, as well as a handheld device for receiver deployment. The startup’s imaging solution enables project managers to map the earth’s subsurface in a cost-effective manner.
EnviCore optimizes Tailings Management
As water body contamination due to tailing is a growing concern, rigorous research to improve tailing concentration is ongoing. Innovations in material processing offer efficient methods to minimize mineral loss through slurries and avoid leakage. Also, these improved approaches enhance dewatering to save water from the slurry and feed it back into the mill for reuse, further reducing freshwater consumption.
EnviCore is a Canadian startup specializing in tailings processing. The startup’s tailings treatment technology for oil sands and hard rock mining utilizes low-cost and sustainable reagents to treat tailings. The technology provides a better water recycling rate than traditional methods, minimizing freshwater demands. Moreover, EnviCore’s tailings treatment systems are easily retrofitted with existing facilities.
Esper Satellite Imagery provides Hyperspectral Imaging
Continuous resource monitoring helps mining operators track progress and gather data-driven insights. Startups utilize the Internet of Things (IoT), data analytics, and 3D-mapping to analyze material movement, such as using IoT-enabled trucks. This enables project leads to identify any disparity, such as machine failure, and resolve it to improve mining operations and minimize downtime.
Australian startup Esper Satellite Imagery aids exploration and monitoring by providing hyperspectral imagery to gather detailed data about the Earth using satellites. The startup’s miniaturized satellite constellation provides regular and extensive analytical global data. It offers insights into material composition, ore deposits beneath the surface, and water quality, among others. For mining companies, Esper’s solution facilitates daily commodity extraction tracking and mining exploration.
Discover all 621 Mining Startups
The 621 mining startups are only a small sample of what we identified during our research. Explore our free Industry Innovation Reports for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies and emerging solutions that will soon impact your company.