A worker monitors a process at the Codelco Ventanas copper smelter in Ventanas, Chile, January 7, 2015. REUTERS/Rodrigo Garrido/File Photo

Chilean company Codelco, the world’s largest copper producer, has signed an agreement with Microsoft to accelerate the digitization of its mining operations, helping it expand automation and improve advanced analytics in strategies.

The joint project with Microsoft will strengthen the company’s ability to make its production processes more efficient and promote “sustainability” within its operations, according to Codelco.

The company said it wants to continue contributing to the development of Chile for the next 50 years and the objective of this agreement is to deliver value to its mining business processes. The agreement will help the company contribute to the digital transformation and economic recovery of the country, Codelco said.

The agreement includes the application of advanced analytics tools that will allow streamlining a line of action that the company has already installed with encouraging value capture results, an objective that could be accelerated with the participation of Microsoft.

The joint work is based on three pillars: Advanced Analytics, Migration Infrastructure and Digital Academy. The latter is a training tool for Codelco workers, which seeks to strengthen a digital culture within the copper company. Microsoft will contribute to this initiative by providing key technological knowledge so that they can face the challenges of the Fourth Industrial Revolution.

“This agreement is part of our commitment to support the economic reactivation of the country with our Transform Chile plan,” said Sergio Rademacher, general manager of Microsoft Chile. “The cloud and Artificial Intelligence have the potential to promote development and economic recovery in our country and make technologies available to all sectors, innovators, such as cloud computing and AI, thus contributing to the development of Chile. Along with technology, it is key to train employees for their own development and growth within the framework of this transformation. I am proud to be able to work with Codelco in transforming the sector also training its people in new skills.”

The parties have agreed to work on sustanability issues and will join forces to optimize the processes of the state-owned company, using technology and digitization, bearing in mind technical, social, economic and environmental considerations.

The initiative does not constitute an investment commitment and can be terminated by the sole agreement and/or will of one of the parties.

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