Bioleaching Market Evenly Poised To Reach A Market Value of US$ By Share, Size and Leading Players (Rio Tinto, Freeport-McMoRan, Teck Resources, Nyrstar) | Forecast to 2025

Global Bioleaching Market Synopsis:

The exclusive research report on the Global Bioleaching Market 2021-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Bioleaching Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

As per the market research study, Bioleaching is a process in mining and biohydrometallurgy that extracts valuable metals from a low-grade ore with the help of microorganisms such as bacteria or archaea. Bioleaching techniques are often more effective than traditional mining applications and can even be used to clean mine tailings sites. In addition, Bioleaching can involve numerous ferrous iron and sulfur oxidizing bacteria, including Acidithiobacillus ferrooxidans and Acidithiobacillus thiooxidans. As a general principle, Fe3+ ions are used to oxidize the ore. This step is entirely independent of microbes. The role of the bacteria is the further oxidation of the ore, but also the regeneration of the chemical oxidant Fe3+ from Fe2+.

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Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Bioleaching Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.

In terms of the geographic analysis, The Bioleaching Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Bioleaching Market ecosystem results in the increasing adoption of these systems in North America.

Top Major Key Players in the Global Bioleaching Market:

1 Freeport-McMoRan Copper and Gold Inc

2 Rio Tinto Plc

3 Teck Resources Ltd

4 Nyrstar NV and More……………..

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Product Type Segmentation

1 Copper

2 Biomining

3 Iron

Industry Segmentation

1 Mining

International Business News:

Rio Tinto (March 24, 2021) - Rio Tinto selects Heliogen’s breakthrough solar technology to provide carbon-free energy to Boron mine - International mining and metals company Rio Tinto and renewable energy technology company Heliogen today announced an agreement to explore the deployment of Heliogen’s breakthrough solar technology at Rio Tinto’s borates mine in Boron, California.

Under a Memorandum of Understanding, Heliogen will deploy its proprietary, artificial intelligence (AI)-powered technology at the Boron operation, where it will use heat from the sun to generate and store carbon-free energy to power the mine’s industrial processes. The two companies will begin detailed planning and securing government permits for the project, with the aim of starting operations from 2022. The companies will also use the Boron installation to begin exploring the potential for deployments of Heliogen’s technology at Rio Tinto’s other operations around the world to supply process heat, which accounted for 14 per cent of Scope 1 & 2 emissions from the Group’s managed operations in 2020.

Heliogen’s high-temperature solar technology is designed to cost-effectively replace fossil fuels with sunlight for a range of industrial processes, including those used in mining. At Rio Tinto’s Boron mine, the company’s proprietary technology will use AI to control a network of mirrors that concentrate sunlight to capture energy used to make steam. Heliogen’s system will also store the captured energy in the form of heat, allowing it to power night-time operations and providing the same uninterrupted energy stream offered by legacy fuels.

The Boron operation mines and refines borates into products ranging from fertilizers to construction materials and is producing lithium carbonate from a demonstration plant. The site currently generates steam using a natural gas cogeneration plant and natural gas fired boilers. Heliogen’s installation will supplement these energy sources by generating up to 35,000 pounds per hour of steam to power operations, with the potential to reduce carbon emissions at the Boron site by around 7 per cent - equivalent to taking more than 5,000 cars off the road. Rio Tinto will also be assessing the potential for larger scale use of the Heliogen technology at Boron to reduce the site’s carbon footprint by up to 24 per cent.

Heliogen’s mission of slashing global carbon emissions by replacing fossil fuels with sunlight, as well as its focus on industrial sectors, made them an ideal partner for Rio Tinto, which is committed to decarbonizing its global operations.

Rio Tinto Chief Executive Jakob Stausholm said: “This partnership with Heliogen has the potential to significantly reduce our emissions at Boron by using this groundbreaking solar technology, and we look forward to exploring opportunities across our global portfolio.

“Addressing climate change effectively will require businesses, governments and society to work together through partnerships like this one, to explore innovative new solutions throughout the entire value chain. Our work with Heliogen is part of Rio Tinto’s commitment to spend approximately $1 billion on emissions reduction initiatives through to 2025 and our commitment to work with world-leading technology providers to achieve this goal.”

Heliogen CEO and Founder Bill Gross said: “Since it’s founding, Heliogen has been laser-focused on decarbonizing industrial sectors, including mining. As a result, this agreement with Rio Tinto is incredibly gratifying. We’re pleased to find a partner committed to cutting its contributions to climate change. We’re also pleased that Rio Tinto is exploring our technology to play an important role in helping reach its sustainability goals while dramatically reducing its energy costs. More broadly, we’re excited to take this important step as we pursue Heliogen’s goal of avoiding more than 1 gigaton of CO2 emissions - 5 per cent of the world’s annual total - from the global economy by turning sunlight into an industrial energy source.”

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Major Points in Table of Contents:

Global Bioleaching Market Report 2021

1 Bioleaching Product Definition

2 Global Bioleaching Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Bioleaching Shipments

2.2 Global Manufacturer Bioleaching Business Revenue

2.3 Global Bioleaching Market Overview

3 Manufacturer Bioleaching Business Introduction

3.1 Freeport-McMoRan Copper and Gold Inc. Bioleaching Business Introduction

3.2 Rio Tinto Plc Bioleaching Business Introduction

3.3 Teck Resources Ltd Bioleaching Business Introduction

3.4 Nyrstar NV Bioleaching Business Introduction

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