Austmine and Vedanta have signed a Memorandum of Understanding (MoU), which will define the framework for future cooperation, including delivering the Australia-India Council supported Australia-India Mining Innovation Program and Australian Department of Industry, Science and Resources supported Global Mining Challenge – India program.
The MoU was executed by Austmine Director of International Business, Dr Robert Trzebski, and Vedanta Limited (Centre of Excellence) Deputy CEO, Vineet Jaiswal.
“We are very pleased to see this MoU in place as it paves the way for great synergy between our two entities, combining Austmine’s METS network in Australia and Vedanta’s drive for technology excellence and innovation,” Dr Trzebski said.
“Our collaboration will allow Australian METS solutions to enter the Indian mining industry and address challenges around world-class standards of governance, safety, sustainability and social responsibility.”
It is a sentiment that is shared by Mr Jaiswal, who has called the MoU an alliance that will allow Vedanta group to connect to people across the world to explore opportunities for the company.
“We are delighted to see this alliance take place as Austmine is a great platform to help crowdsource innovation,” Mr Jaiswaland said.
“The METS capabilities of Austmine’s membership network will be a complement to Vedanta’s quest for transformation across environment, communities, governance, workforce and other business functions.”
The objectives of the MoU are to solve open-innovation challenges, gain access to Australian transformative and sustainable technologies, drive disruptive potential that will create a large-scale impact on global ESG issues, and stimulate bilateral trade and investment between Australia and India.
The first two challenges, ‘Underground Mining Network Connectivity’ and ‘Reduction of Net Carbon Consumption in Potlines’, can be found here.
