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Reliable, real-time process monitoring solutions for gold mines to reduce costs, reagent use and increase gold production

Project description

Next generation mobile quantitative cyanide monitoring

Extracting gold from ore involves an extremely dangerous practice. Cyanide salts in solution are used to leach the gold out from its ore but the use of cyanide in mining is rather controversial. Unfortunately, alternatives to cyanide produce lower quality and none are widely used. The EU-funded CyanoSmart project is developing a mobile IoT read-out device that uses single-use test cartridges to detect cyanide. The handheld devices can be used anywhere in the mine. What is more, its data-driven, connected monitoring system will help optimise gold extraction processes, while reducing operating costs and minimising their environmental footprint. Ultimately, the new devices will reduce cyanide consumption and the associated costs, and consolidate all data points in one platform.

Objective

Gold mines lose $5B in recoverable gold each year because they can’t control their process efficiently. Having the right amount of cyanide is the single most critical parameter in the gold extraction process. Furthermore, cyanide costs are the main cost driver for mines and often exceed 70% of the total processing costs. Without reliable and real-time cyanide monitoring tools, mines face high operating costs and losses in gold production. Our Solution, CyanoSmart, is a mobile, IoT read-out device that uses single-use test cartridges to detect cyanide. Operators can use our handheld devices anywhere in the mine and get a result on the spot. Integrated into the Cyano.AI cloud, mines can visualise their cyanide levels in real time online. Our data-driven, connected monitoring system helps mines optimise their gold extraction process, while reducing operating costs, minimising their environmental footprint and eventually achieve the UN SDG goal 12 for their industry. Thanks to our patented molecule and AI-based measurement algorithm, our technology excels in providing a reliable, reproducible result where other technologies regularly fail.
With this proposal, we want to develop the CyanoSmart to scale for the benefit of the entire gold mining industry and community, and contribute to transforming mining into a more transparent and more efficient industry.

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SME - SME instrument

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Call for proposal

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(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

CYANOGUARD AG
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 553 749,75
Address
BADENERSTRASSE 790
8048 WADENSWIL
Switzerland

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Schweiz/Suisse/Svizzera Zürich Zürich
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 2 219 642,50
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