07:05:35 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,669,708
Close 2015-03-03 C$ 15.61
Market Cap C$ 18,180,494,142
Recent Sedar Documents

FP/wire say Barrick embraces new analytical technology

2015-03-04 09:22 ET - In the News

The Financial Post reports in its Wednesday edition Canadian start-up ColdBlock Technologies is launching its "digestion" technology which cuts the time to test mineral samples to minutes from hours. A Reuters dispatch to the Post says ColdBlock, which did development work with the government, academia and Barrick Gold, will launch the technology at the PDAC conference in Toronto. The process simplifies and accelerates the analysis of gold, silver and base metals samples, said Peter Kondos at Barrick. "If this technology proves valuable, then we will equip our technology centre, as well as our analytical labs in our operations throughout the world, with these instruments," Mr. Kondos said. The 10-minute to 15-minute process uses short-wave infrared radiation to rapidly heat sample particles, which quickly dissolves, or digests, the solids into an acid solution for analysis. A decades-old hot block process, in contrast, heats the acid solution to dissolve the sample, which takes hours. Because the new technology uses less acid, it has lower operating and capital costs, and productivity can improve because the process can be automated, the company said, though it did not specify the amount of savings.

© 2024 Canjex Publishing Ltd. All rights reserved.