The mining industry continues to be a hotbed of innovation, with activity driven by the need for improved productivity, safety and more sustainable mining and mineral processing practices. Extraction and primary processing of metals and other minerals are responsible for 26% of global carbon emissions. By nature, mining depletes natural resources and has a significant impact on surrounding ecosystems. However, metals and minerals will play an important role in the global transition to a greener future. Therefore, adequate investment should be made in technologies related to environmentally sound extraction, processing, and rehabilitation to keep up with increasing ecological vulnerabilities. Companies must reduce their greenhouse gas (GHG) emissions, reduce their environmental impact, and mitigate risks. In the last three years alone, there have been over 48,000 patents filed and granted in the mining industry, according to GlobalData’s report on Environment Sustainability in Mining: Solvent Extraction Processes.
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
150+ innovations will shape the mining industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the mining industry using innovation intensity models built on over 350,000 patents, there are 150+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, high-energy density electrodes, manufacturability analysis, and solid waste management are disruptive technologies that are in the early stages of application and should be tracked closely. Green steel manufacturing, scrap recycling/recovery, and core-shell nanocrystals are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are green metallurgy, and solvent extraction processes, which are now well established in the industry.
Innovation S-curve for environmental sustainability in the mining industry
Solvent extraction processes is a key innovation area in environmental sustainability
Solvent extraction is the process in which a compound transfers from one solvent to another owing to the difference in solubility or distribution coefficient between these two immiscible (or slightly soluble) solvents. Solvent extraction is an important technology for separating, purifying, and recovering metals from solutions, particularly uranium, copper, nickel, cobalt, and rare earths. The process transfers selected metals from one aqueous solution to another using an organic solution containing a special reagent allowing metals to be separated, purified, and recovered.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 50 companies, spanning technology vendors, established mining companies, and up-and-coming start-ups engaged in the development and application of solvent extraction processes.
Key players in solvent extraction processes – a disruptive innovation in the mining industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to solvent extraction processes
|Company||Total patents (2010 - 2021)||Premium intelligence on the world's largest companies|
|Metso Outotec||896||Unlock company profile|
|ENEOS Holdings||280||Unlock company profile|
|Barrick Gold||108||Unlock company profile|
|Orbite Technologies||97||Unlock company profile|
|Freeport-McMoRan||78||Unlock company profile|
|Vale||68||Unlock company profile|
|Nemaska Lithium||64||Unlock company profile|
|Teck Resources||64||Unlock company profile|
|BHP||54||Unlock company profile|
|Korea Zinc||43||Unlock company profile|
|Jinchuan Group||42||Unlock company profile|
|POSCO Holdings||42||Unlock company profile|
|TNG||32||Unlock company profile|
|Anglo Operations||32||Unlock company profile|
|Lithium Australia||31||Unlock company profile|
|China Energy Investment||30||Unlock company profile|
|Reed Industrial Minerals||26||Unlock company profile|
|Aurubis||23||Unlock company profile|
|eEnergy Group||23||Unlock company profile|
|South32||22||Unlock company profile|
|Scandium International Mining||21||Unlock company profile|
|Newmont||20||Unlock company profile|
|Lixivia||18||Unlock company profile|
|Arafura Resources||17||Unlock company profile|
|Neste||16||Unlock company profile|
|Luksic Group||16||Unlock company profile|
|Glencore||16||Unlock company profile|
|Sibanye Stillwater||14||Unlock company profile|
|Dowa Holdings||14||Unlock company profile|
|Hitachi||12||Unlock company profile|
|Graymont||12||Unlock company profile|
|Xstrata Queensland||12||Unlock company profile|
|Commonwealth Scientific and Industrial Research Organisation||12||Unlock company profile|
|Grinm Advanced Materials||11||Unlock company profile|
|JFE Holdings||10||Unlock company profile|
|EnviroLeach Technologies||10||Unlock company profile|
|Outokumpu||10||Unlock company profile|
|Yara International||10||Unlock company profile|
|State-owned Assets Supervision and Administration Commission of the State Council||9||Unlock company profile|
|Exploration Orbite||7||Unlock company profile|
|Heraeus Holding||7||Unlock company profile|
|American Manganese||7||Unlock company profile|
|Zijin Mining Group||6||Unlock company profile|
|Tanaka Precious Metals||6||Unlock company profile|
|Mintek||6||Unlock company profile|
|Alcan International||6||Unlock company profile|
|Eldorado Gold||5||Unlock company profile|
|Search Minerals||5||Unlock company profile|
|Hydromet||5||Unlock company profile|
|METS Engineering||5||Unlock company profile|
Source: GlobalData Patent Analytics
Leading companies include Metso Outotec, which extracts over 30% of the world’s copper using the Vertical Smooth Flow (VSF) solvent extraction process. With decades of solvent extraction experience, the company's VSF plants offer lower lifetime costs, significantly shorter lead times, and sustainable life-cycle technology. Metso Outotec signed an agreement with Li-Cycle North America Hub in December 2021 to supply manganese, cobalt, and nickel solvent extraction technology for a battery recycling plant in the US. Metso Outotec will supply three modular VSF®X solvent extraction plants, as well as associated Dual Media Filters and basic engineering.
To further understand the key themes and technologies disrupting the mining industry, access GlobalData’s latest thematic research report on Mining.