Technologies such as autonomous rail-cars and increased automation can lower the impact of the industry on the environment as well as raise profit margins, the company said.
Sandvik said last year it was evaluating options for the business, which it bought in 2014 for $740 million and was part of its mining and rock technology unit.
He has vowed to revisit the country’s controversial glacier protection law, and said his team is working on clear rules for the natural resources sector.
Newcrest is tapping big data and block caving to delve deeper into the earth's crust for mineral riches that just a handful of years ago would have been too costly to extract.
MCC was last week given permission by the Papua New Guinea government to restart the plant, which was closed for not taking remedial actions after a spill in August.