Austmine Cements Cooperation with Vedanta

Austmine and Vedanta have signed a Memorandum of Understanding (MoU) executed by Dr Robert Trzebski, Director - International Business and Mr Vineet Jaiswal, Dy. CEO (Center of Excellence), Vedanta Limited.

This MoU defines the framework for future cooperation between Austmine and Vedanta delivering the Australia-India Mining Innovation Program supported by the Australia-India Council and the Global Mining Challenge - India program which is being supported by the Australian Department of Industry, Science and Resources.

“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”, said Dr Robert Trzebski. “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.”

"We are delighted to see this alliance take place as Austmine is a great platform to help crowdsource innovation and connect to the best of brains across the world for opportunities available across Vedanta group" said Mr Vineet Jaiswal. "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 to 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.

For more information contact [email protected].