What would you design and build with $2,000? How about $30,000? Colorado School of Mines and Newmont want to see what technologies students can develop that will make the mine of the future safer, more profitable, energy efficient and environmentally sound.
On Jan. 23, teams presented prototypes featuring their innovations and were judged on how well they demonstrated a high probability of success. “The innovation competition is incredibly exciting because Mines has never done something like this before,” said Asya Sergoyan, chemical engineering student. “We will have the unique opportunity to work with experts to make something new and innovative. This contest has the potential to make a huge difference for all of us, but especially the student winners.”
On Saturday, the top 10 teams were identified and will receive $2,000 each to further develop and refine their ideas. Those teams will then move forward to present their project prototypes on March 21-24 at the 118th National Western Mining Conference. Projects are reviewed based on creativity, innovation, probability of commercialization and effectiveness. Final judging will be on April 20 when finalists will give a 10-minute pitch to a panel who will evaluate the team and quality of their innovation. A total of $30,000 in cash prizes will be presented to the top three teams.
“Newmont is pleased to sponsor this innovative approach to encouraging students and researchers to develop solutions to some of the difficult problems and challenges that the mining industry faces in the 21st century,” said Perry A. Eaton, Group Executive, Global Exploration Solutions at Newmont. “Colorado School of Mines is uniquely positioned to continue to be a source of such solutions.”