The two parties signed a memorandum of understanding (MOU) for propelling the mining industry forwards. Credit: Tata Steel.

Tata Steel‘s Industrial Consulting Division (TSIC) and TEXMiN, the Mining Technology Innovation Hub at IIT (ISM) Dhanbad, have formed an alliance aimed at supporting innovation and transforming the natural resource management landscape in India.

The collaboration is set to propel the mining industry into the era of ‘Mining 4.0’, reflecting a shared commitment to a sustainable and efficient future for the sector.

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In this regard, the two companies signed an MOU that will see them combine their expertise to integrate software and digital methodologies into exploration, mining and beneficiation processes.

This initiative is expected to enhance operational efficiency within the mining industry.

TEXMiN CEO Suraj Prakash has underscored his organisation’s visionary outlook, underscoring its unwavering commitment to amplifying technological innovations and emboldening mining enterprises during their digital transformation.

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The collaboration will also focus on empowering mining professionals through training initiatives that cover contemporary skills in exploration, mining, remote sensing and regulatory protocols.

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TSIC and TEXMiN will work together to develop new products and services with commercial potential, emphasising scalability and innovation.

Furthermore, the partnership will explore and implement emerging mining technologies, promoting sustainable growth and industry-wide transformation through innovative solutions.

In addition to these efforts, TSIC and TEXMiN will engage in governmental and private sector initiatives, leveraging their competencies to address challenges and promote a culture of transformative change within the mining industry.

Tata Steel Raw Materials vice-president Sundara Ramam said: “Collaborating with TEXMiN presents an exciting opportunity for Tata Steel to push the boundaries of innovation in the mining industry.

“By prioritising technical advancements, skill development and innovative technologies, this collaboration promises to redefine resource management practices. Together, we aim to set new benchmarks for efficiency and sustainability, driving transformative change across the sector.”