Professional Documents
Culture Documents
Mining March2021
Mining March2021
com
Newmont:
The Future
of Mining
CIO Luis Canepari is
digitally transforming
the mining life cycle
FIND OUT MORE
Silvercorp:
Mining a Bright
Future in China
READ NOW
SAM HUBBARD
DIRECTOR
Rio Tinto and BHP, and bumper
JASON WESTGATE
MIMI GUNN dividend payouts to shareholders.
JUSTIN SMITH CHIEF OPERATIONS
OFFICER
PRODUCTION STACY NORMAN You would have to draw the conclusion that, compared
DIRECTORS
GEORGIA ALLEN PRESIDENT & CEO with many industries, mining looks in good shape. Rising
DANIELA GLEN WHITE iron ore and copper prices have certainly played their
KIANICKOVÁ
part, fuelling cash flows, and operators have embraced
PRODUCTION
MANAGERS
remote monitoring and new technologies, such as
OWEN MARTIN wearables, which are enhancing efficiencies and safety.
PHILLINE VICENTE Analysts at Commonwealth Bank of Australia, Fitch
JENNIFER SMITH
Solutions and Capital Economics are now warning prices
PRODUCTION EDITOR are likely to fall in the second half of 2021 as policymakers
JANET BRICE
de-prioritise growth in China’s commodityintensive sectors.
VIDEO PRODUCTION But then again, countries embarking on infrastructure-led
MANAGER
KIERAN WAITE post-pandemic recoveries will need plenty of minerals; as
DIGITAL VIDEO
with so much of 2020, strategizing looks a difficult science.
PRODUCERS Whether the economic momentum is maintained or
SAM KEMP
reversed, the demand signs point towards production
EVELYN HUANG
MATTHEW EVANS growth. With soaring demand for lithium with the boom
TYLER in electric vehicles, and the rebound in Asia, there are
LIVINGSTONE
grounds for more optimism and growth.
DIGITAL MARKETING
EXECUTIVE
Yet with the industry responsible for 4-7 percent
KAYLEIGH of greenhouse gas emissions globally, pressure from
SHOOTER governments, investors, and society to reduce them
GRETA
ANDREJEVAITE will not let up. More electrification, decarbonisation and
partnerships will be essential. The to-and-fro with the
PROJECT DIRECTORS
GLEN WHITE
UK’s Cumbria coal mine project illustrates the challenges
LEWIS VAUGHAN of squaring economic and environmental matters.
MICHAEL BANYARD Smart executives will continue to prepare, not predict
STUART IRVING
KRIS PALMER – and focus their attention on digital transformation,
MIKE SADR automation and analytics, ensuring they are equipped
for all eventualities.
MINING GLOBAL MAGAZINE
IS PUBLISHED BY
DOMINIC ELLIS
dominic.ellis@bizclikmedia.com
Miningglobal.com 3
CONTENTS
07 Big Picture
Move over Tesla – and say hello to
the world’s largest EV Elektro Dumper
08 The Brief
By the numbers. Three of the best
for Glencore. Cumbria coal mine.
Ups and downs
10 Global News
Mining news from around the world
in the last month.
18
12 People Moves
Who is moving around the mining
employment world
14 Timeline
Rio Tinto & BHP, profit and earning
curves for the mining giants
36
16
4 March 2021
CONTENTS
48
72
18 Newmont
Making Technology the Future
of Mining
28 Ai in Mining
AI: The Power to Discover,
Operate, Maintain and Predict
36 Silvercorp Metals
Mining a Bright Future in China
48 Industry X.O
Autonomous Trucks Boost
Productivity and Attract Funding
56 CRU Group
Data-driven commodities digital
transformation
72 Technology
Smart mining era Benefits from
Digital Solutions
82 Source to Pay
Automation and Digital Key
to Post-COVID Procurement
56 88 Top 10
Women in Mining
Miningglobal.com 5
THE PROFESSIONAL
DRILLING EXPERIENCE
Drillon is a newly established drilling company with a
globally experienced, highly focused and motivated
multinational team from the drilling industry. With a
success-oriented team our aim is to give our clients
“the professional drilling experience”.
ADVERT PAGE
DRILLING CONSULTANCY
MEDIA SALE
EQUIPMENT SUPPLY
CONTACT US
6 March 2021
BIG PICTURE
Miningglobal.com 7
THE BRIEF
“We will have to create
deeper mines in the
future. We can’t send
BY THE NUMBERS
humans to these Kaz Minerals’ increased cash offer:
depths and automation
will be the only option”
Prof. David Sjödin,
Associate Professor of Entrepreneurship
640p 780p
and Innovation at the Luleå University of
Technology in Sweden
October February
2020 2021
READ MORE
READ MORE
Industry report from MCi)
8 March 2021
ACQUISITIONS
XIMEN MINING
CORP.
has acquired the
Running Wolf gold
property located 20kms
west of Cranbrook in U
P
the Fort Steele Mining
Division in southern
British Columbia.
GR SILVER MINING
has signed a definitive
S
UPS AND DOWNS binding Share Purchase
Agreement to buy
Marlin Gold Mining
Miningglobal.com 9
GLOBAL NEWS
BRITISH COLUMBIA, CANADA
MEXICO
NEVADA, WESTERN US
GR Silver Mining buys
Marlin Gold Mining Abacus starts diamond
drilling
GR Silver Mining has signed
a definitive binding Share Abacus Mining & Exploration
Purchase Agreement to buy Corporation is about to start
Marlin Gold Mining from Mako, a diamond drilling program at
with the transaction expected to Jersey Valley, within the Battle
close by the end of March. Mountain trend of north-central
Nevada. Four holes will be
drilled, ranging in depth from
250-300 metres.
10 March 2021
UK
Controversial Cumbria
coal mine gets go ahead
but uncertainty remains
INDIA
A controversial coal mine in
Cumbria is set to move forwards India’s Larsen & Toubro
following the UK government’s lands largest mining
refusal to intervene in the equipment order
planning process for the project,
meaning the country could have The Construction and Mining
its first new colliery in 30 years. Equipment business of Larsen &
Toubro (L&T) has secured one of
the biggest orders in its history
to supply 46 units of Komatsu
Mining Equipment to Tata Steel.
QUEENSLAND, AUSTRALIA
Miningglobal.com 11
PEOPLE MOVES
"I am truly
delighted and
humbled to
be given the
opportunity
to lead this
tremendous
company"
JAKOB
STAUSHOLM
FROM: RIO TINTO
TO: RIO TINTO
12 March 2021
JACO CROUSE
FROM: DETOUR GOLD CORP
TO: AEX GOLD INC
WAS: CFO
NOW: CFO
CYNTHIA CARROLL
FROM: BAKER HUGHES AND PEMBINA
PIPELINE CORPORATION
TO: GLENCORE
Miningglobal.com 13
TIMELINE
RIO TINTO PROFIT AND
EARNING
& BHP
CURVES FOR
MINING GIANTS
TINTO
RIO
$5.1bn $8.6bn
2016 2017
BHP
$6.4bn $5.9bn
14 March 2021
Underlying earnings Underlying earnings Underlying earnings
for 2018: for 2019: for 2020:
Miningglobal.com 15
FIVE MINS WITH...
REN
ZHENGFEI
16 March 2021
"In 2020, we illuminated one coal
mine, one iron and steel plant, and one
port. Over the next two to three years,
we aim to illuminate hundreds of coal
mines, iron and steel plants, and ports"
Ren Zhengfei established in the coal industry deliver more
Huawei with a capital of social value (other novel commercial
CNY21,000 in 1987. He Shanxi's
avenues the company is exploring
became CEO in 1988 and mines reduce include adopting AI for pig farming).
has held the title ever since staffing in fully
mechanized
Huawei is also working with industry
– and today has a net worth and intelligent partners to develop compact wireless
of around $1.5 billion mining
scenarios by
base stations that are resistant to
dampness, dust, and explosions,
While more synonymous with
consumer tech, Huawei has bold
60% and support a 3:1 uplink/downlink
bandwidth ratio.
and the number
plans for the mining sector – recently of workers Envisioning a more digitized era
opening an Intelligent Mining going down for coal mining, Zhengfei foresees
to mining pits
Innovation Lab in Taiyuan, Shanxi each shift by workers “will wear suits and ties at
Province, together with Jinneng work, with fewer workers, greater
Holding Group, Shanxi Cloud Era 10%- safety and higher efficiency.”
20%
Technology Co and Shanxi ZhiChuang The lab ultimately aims to help
City Technology Development Co. Shanxi's mines reduce staffing in fully
The lab will be staffed with 220 ICT mechanized and intelligent mining
and coal mining experts, seeking to scenarios by 60% and the number of
make breakthroughs in areas such as workers going down to mining pits
information networks, automation each shift by 10%- 20%.
enablement, intelligent sensing
technologies, and big data generated
by coal mines, as well as related
"Workers will wear
suits and ties at work,
ecosystem collaboration opportunities.
In addition to promoting digital
transformation of the global coal
industry, Huawei has announced with fewer workers,
its intention to act as "a technology greater safety and
higher efficiency"
enabler", working with partners to
create healthy industry and business
ecosystems and helping its customers
Miningglobal.com 17
NEWMONT
Luis Canepari
CIO, Newmont
18 March 2021
NEWMONT
Newmont:
MAKING TECHNOLOGY
THE FUTURE
OF MINING
How the world’s leading gold miner is digitally
transforming to rethink the mining life cycle,
unlock productivity, improve safety, reduce costs
and support sustainability
N
ewmont’s considered implementation The process of automation is well underway
of technology is a key part of the at Newmont’s Boddington Mine in Australia,
digital journey towards operational which will be the first open pit gold mine in
efficiency and sustainability across its global the world with an autonomous haul truck fleet
operations. Chief Information Officer, Luis (AHS). Boddington’s autonomous haulage
Canepari, is championing the company’s digital trucks feature rigorous safety controls to
transformation efforts as it seeks to embrace reduce employee exposure to potential
automation and electrification. vehicle interactions. Newmont is also executing
a robust people strategy at Boddington,
Automation providing opportunities for reskilling and
“The era of manual processes in mining is over,” redeployment of haul truck drivers to other
states Canepari. “Blasting, drilling, hauling, the roles supporting the AHS.
processes at mills – all will become increasingly
automated over the next 20 years. Whether Artificial Intelligence
we like it or not as an industry, that's where “Artificial intelligence and predictive analytics
we're going to have to go if we want to go hand-in-hand with automation,” adds
remain competitive.” Canepari. “Access to data is key for our
Miningglobal.com 19
NEWMONT
operations. Correlating our drill data with Rapid Discovery with IBM
the block modelling allows us to make faster Digital transformation has been a major
decisions based on real insights. If you look at undertaking for the IT department at
the success ratio for exploration in mining, it's Newmont. “The partnership with vendors like
pretty low; if we can improve that by a couple IBM, supports our work to consolidate our
of percentage points, it will have a significant systems and further realize the synergies we
impact on our reserves. With data being have across the business since the acquisition
generated across our organization, the ability of Goldcorp in 2019.”
to use artificial intelligence to tell us where our IBM was brought in through a rigorous RFP
next drill site should be is a game-changer.” process. “We demonstrated to Newmont
that we would bring top talent, and keep
Digital Transformation them there, to effect the changes needed
Compared to other industries, mining has been successfully and bring these two companies’
slow to adapt to new technologies. Canepari systems together across finance, master data
pledges Newmont is aiming to rethink the and supply chain management,” recalls Gene
mining lifecycle. “We’ve had a huge success Allen, a Partner at IBM Global Business Services.
with our first electrified mine at Borden, and “We had to learn how to dance together. We
we’re taking all the lessons learned from are both 100-year-old companies, but we used
projects like these, and making them part of Rapid Discovery, an Enhance Program Launch
our Newmont mining model. Every new mine and Agile methodology to help us deliver
we're building, we're trying to re-create that successfully together smoothly and efficiently.”
digital transformation experience from our IBM implemented Rapid Discovery to
other mines.” support this delivery. “We were looking at
20 March 2021
NEWMONT
managed to shut
EXECUTIVE BIO
centers already.”
Metropolitana. He is also
a Certified Information
Security Manager and a
Certified Information
LUIS CANEPARI
CIO, Security Auditor.
NEWMONT
Miningglobal.com 21
NEWMONT
22 March 2021
NEWMONT
increasingly
speed broadband internet ensuring the
low latency that can support our efforts in
automated over
remote locations.”
Miningglobal.com 23
NEWMONT
“Borden’s electric
underground
fleet eliminate
diesel particulate
matter from the
underground
environment and
lower greenhouse
gas emissions.”
TOM PALMER
CEO,
NEWMONT
24 March 2021
NEWMONT
Miningglobal.com 25
NEWMONT
CYBERSECURITY
26 March 2021
NEWMONT
Miningglobal.com 27
AI IN MINING
AI: The
Power to
Discover,
Operate,
Maintain
and Predict
28 March 2021
AI IN MINING
Artificial intelligence is no
longer in the realms of sci-fi
but an invaluable technology
tool for mining companies
C
WRITTEN BY: ontrary to the stereotypical
DOMINIC image of a traditional mine
ELLIS characterised by a large
workforce and slow-moving
processes, modern mines
are quickly becoming complex, machine-
intensive environments that centre their
operations around heavy equipment and
computer-driven technology.
Driving much of the changes are rapid
advances in analytics and AI tools, which
are improving planning and operational
efficiencies, mine safety and workflow
productivity as well as stimulating the
integrated supply chain and predicting
future outcomes.
For example, by using smart data
and machine learning, a single operator
can now remotely control several drill
rigs simultaneously, with autonomous
vehicles taking over pit-to-pit operations.
AI can also be used to identify new and
potentially valuable areas to mine. By using
pattern matching and predictive analysis,
AI programmes can analyse significant
quantities of geological data and identify
where to find resources.
Another major benefit of AI’s use in mining
operations is minimizing the ecological
impact of mining operations and lowering
the environmental footprint. Mining sites
can be easily monitored and environmental
parameters such as temperature and
groundwater tracked to assess the impact
of mining operations.
Miningglobal.com 29
Change is hard. The truth is that many
mining companies are still very hesitant
about furthering their digital mining
transformations in fear of cost of
implementation, risk and uncertainty.
aveva.com
@avevagroup
linkedin.com/company/aveva
Miningglobal.com 31
AI IN MINING
Artificial intelligence –
is the mining industry ready?
Early days but adoption rising fast believes 2021 will be the year AI becomes
McKinsey’s Global Survey on AI in 2020 more mainstream. “There will be increased
found more organizations are using AI as deployment in edge devices, including
a tool for generating value, with highest cameras, thermographic cameras, radar
percentages allocated to product and and LIDAR sensors and entry point readers.
service development and service operations Additional algorithms will be developed,
(24 percent). greatly expanding the use and function as
Michael Chui, partner, McKinsey Global video surveillance transitions from a forensic
Institute, said it’s clear we’re still in the early tool to real-time analytics,” he said.
days of AI use in business with less than a In its Future of mining with AI paper,
quarter of respondents seeing significant Deloitte/Norcat concludes: “The growing
bottom line impact. “However, those seeing evidence of their benefits indicates AIbased
AI contribute more than 20 percent to technologies in the mining industry are here
earnings before interest and taxes are not to stay, allowing companies to make more
just from the tech sector. So it is possible accurate decisions faster, improve health and
for any company to get a good amount of safety, boost efficiency and ensure human
value from AI if it’s applied effectively in errors are almost negligible, all while helping
a repeatable way. We do think AI is worth create smaller environmental footprints.”
the investment, but it requires effective Bill Scudder, GM of AIoT Solutions at
execution to generate significant value, Aspen Technology, said there has been
particularly at enterprise scale.” much investment in AI technologies in
Tim Brooks, VP of Sales and Vendor recent years among capital intensive
Management at PSA Security Network, industries as they look to improve
32 March 2021
AI IN MINING
Miningglobal.com 33
AI IN MINING
the technology. Instead, it has to begin with to working with Oqton and finding ways to
identifying the business problems, corporate expand our offering for increased customer
objectives, and strategic goals.” productivity by creating new products
Sandvik recently acquired a minority stake that take advantage of Sandvik’s extensive
in the privately owned American software know-how about manufacturing processes
company Oqton, a leading provider of and Oqton’s AI-powered manufacturing
AI-powered manufacturing solutions that solutions”, said Stefan Widing, President
allows manufacturers to manage, optimize, and CEO of Sandvik, which completed
and automate their workflows. the previously announced acquisition of
“This investment is in line with our US-based CGTech, a leader in software for
strategic agenda to broaden our offering in numerical control simulation, verification
digital manufacturing. We are looking forward and optimization, at the end of last year.
Case studies:
RockMass Technologies has deployed
the latest generation of sensors to
capture realtime data to identify
potential failure planes on rock surfaces,
using handheld hardware to analyze rock
surfaces and providing the data to the
user within minutes (18 times faster than
current manual methods).
Leveraging AI capabilities is at the
core of ThoroughTec’s simulator based
training platform, where wearable
sensors continuously monitor worker
behaviour, generating data that is
then automatically analyzed to spot
problematic behavioural trends and
recommend highlyfocused remedial
training in a simulatorbased environment.
Ionic Engineering’s use of machine
learning to vastly enhance image
recognition used in identifying the
copper grades reduces “to negligible”
the error rate compared to employees
doing the work.
Drawing on more than six years of data,
Shyft Inc. is using machine learning to
forecast energy peaks.
34 March 2021
AI IN MINING
Miningglobal.com 35
36 March 2021
SILVERCORP METALS INC.
Mining a
Bright Future
in China
How the Canadian miner is balancing
profitability, social and environmental
responsibility, employee wellbeing and
sustainable development
S
WRITTEN BY: ilvercorp is an innovative and unique
DAN BRIGHTMORE Canadian mining company with roots in
the far east. Founder Dr. Rui Feng took
PRODUCED BY: his early geological studies in China before
completing his doctorate in Saskatchewan,
RICHARD DEANE
where he was drawn to Canada’s mining
industry. After settling in Vancouver, and
working on technical reports for junior
mining companies that were going public,
Dr. Feng fell in love with the idea of building
an entrepreneurial mining company. By
taking control of a listed shell company,
and using his network of contacts in China,
he set about finding attractive assets to
put in it.
Dr. Feng is a successful entrepreneur and
explorer with over 25 years of global industry
experience acquiring mining opportunities
worldwide. He was integral in discovering
Jinshan Gold’s CSH Gold Mine in China in
2002, which was acquired by China Gold
International. Dr. Feng founded Silver-corp
in 2003 and acquired early-stage projects
in China’s Ying mining district. Through
Miningglobal.com 37
SILVERCORP METALS INC.
38 March 2021
SILVERCORP METALS INC.
at Ying in 2003 by Silvercorp making a $5m is going to be,” explains Shaver. “Our last
investment to kickstart operations. The report was based on drilling up to June
mines across the property have remained 2016, and this report brings that forward to
self-funded ever since through operations December 2019. Mines are depleting assets
that have delivered profits of $480m to but, despite the production that took place
shareholders. A recently-published technical over that timeframe, drilling results brought
report, completed by AMC Consultants our inventory at Ying, in terms of reserves,
(AMC) in 2020, highlights a bright future back up to essentially the same level. We
for the mining of silver, gold, lead and zinc had a 20-year mine life that would have
at the Ying property. Shaver notes that in been reduced by the depletion that took
addition to the current inventory of reserves place, but that life has been restored to 20
of around 12 million tonnes there is also the years again.”
potential for further incre-ases if additional
drilling can convert known resources to Quality not Quantity
reserves, as well as identify more resources. Silvercorp currently operates six mines
“Everything in the report ties back to the across three of its four licences in the Ying
resources and then the reserves, because it’s mining district - SGX, HZG, HPG, LME, LMW,
upon those reserves that the mine plan was TLP. The Ying Technical Report confirmed
established, and that dictates the projected that Ying is proving to be a prolific producer.
economic contribution of what the mine “Over the years, we’ve established the ability
Miningglobal.com 39
10+ YEARS
Proudly supporting and advising
Silvercorp on resource/reserve
estimation processes and reporting
across its operations.
Industry leaders in geology, mining, and
geotechnical engineering - AMC Consultants’
due diligence and feasibility studies are relied
on by the world’s major investment banks and
mining companies.
amcconsultants.com
SILVERCORP METALS INC.
mine life”
1% decrease in total lead content.
LON SHAVER
VICE PRESIDENT,
SILVERCORP
Miningglobal.com 41
SILVERCORP METALS INC.
2003
Year founded
$166m
LTM revenue
in dollars.
1,200+
Number of
employees
42 March 2021
SILVERCORP METALS INC.
The Market
“Like every other miner in the metals
industry, we are in a commodities market
where all the producers are price takers,”
says Shaver. “The key focus then is how
to create and sustain an operation at the
low end of the cost curve, so that in good
times when prices are high, you make
money, but then when prices are low you
can survive those tough times, continue
to generate positive cash margins and
be self-sustaining.”
Shaver sees a strong future for precious
and base metals: “Given the pressures of
Miningglobal.com 43
SILVERCORP METALS INC.
The Enterprise Blog (EBlog) is blog to read or comment on the daily results
Silvercorp’s social media platform under their responsibility.
for the transparent distribution and flow of With the Enterprise Blog, information
work-related knowledge across multiple collection, assessments are fair and timely,
locations within the business. In the system, and each team member is responsible
each of the mining stopes, development for their work distribution, retrieval, and
faces, or major pieces of equipment is monitoring has become transparent and
assigned a blog name. Daily results of onsite immediate. The knowledge collected by
inspection by responsible engineers are the frontline technicians or engineers
required to be published on their blogs. The freely flows throughout layers of the
results are listed in a structured data format management structure. Management have
DID YOU KNOW...
in a checklist table, containing information the incentive, and tools, to make prompt
and supporting photos. Related parties at and more accurate decisions that can be
different levels of the management team instantly delivered to responsible parties.
can directly access the daily blog for each The benefits of the system are that team
workplace, for first-hand information in member collaboration becomes easy, KPI
real time. Meanwhile, the EBlog system also assessments are fair and timely, and each
records when a manager has accessed the team member is responsible for their work.
44 March 2021
SILVERCORP METALS INC.
Miningglobal.com 45
SILVERCORP METALS INC.
46 March 2021
SILVERCORP METALS INC.
A Sustainable Future
A holistic and sustainable philosophy is
key to Silvercorp’s growth strategy. From
reducing waste to minimising mining’s
footprint on the surrounding environment,
the company is proactive in its efforts to
lead the conversation around sustainability
Miningglobal.com 47
INDUSTRY X.O
AUTONOMOUSTRUCKS
Boost Productivity
and Attract Funding
The latest self-driving models are cuttings costs, raising
efficiencies and setting the foundations for fossil-free
mining operations in the mobile fleet sector
T
WRITTEN BY: he words ‘electric’ and ‘autonomous’
DOMINIC ELLIS are largely synonymous with compact
passenger cars to most of us but
technological developments are taking place
at top speed across the transport spectrum
– including in the large mining vehicle sector,
which has the almost unique capability
of combining scale and invisibility at the
same time.
As befits these novel times, this year’s
Consumer Electronics Show (CES) was not
only the first digital showcase but also marked
Caterpillar’s debut as it promoted its self-
driving fleet equipped with Cat MineStar and
data-sharing subscription product, MineStar
Edge. If nothing else, it raised the supersized
truck into consumer consciousness.
“People may ask why a manufacturing
company like Caterpillar has decided to
participate in CES,” said Denise Johnson,
Group President, Resource Industries. “The
real question is ‘why not?’ We’re proud of our
reputation for building some of the biggest,
most productive machines in the world. But
the technology that goes along with those
machines is built by Caterpillar, too.”
48 March 2021
INDUSTRY X.O
Miningglobal.com 49
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Global Sustainability Executives
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LAUNCHES:
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284.6 tons
years, developing the building- innovators who are always
block offerings that surface and looking for the next technology
the equivalent of
underground mines use every breakthrough,” said Johnson.
day to improve consistency 15 “We’re proud to be on that
and efficiency, enable safer 189-seat passenger journey, too. But while we
planes!
operations and reduce overall continue to innovate for
operating costs. the future, the technologies
It’s been a long journey. The company’s Caterpillar has developed are doing real
first research into autonomous vehicles work and delivering real results to our mining
began in the 1980s, with prototype customers every day.”
autonomous Cat trucks running in a quarry CES wasn’t just a hardware-come-software
as early as the 1990s. The first official opportunity for Caterpillar but an opportunity
MineStar Command for hauling site began to attract more talent to its technology team.
operating in 2013 and today Caterpillar has “We are committed to making investments in
more than 350 trucks operating 24/7 on technology research and development,” said
three continents. Johnson. “We need the best and the brightest
The Cat 797F autonomous haul truck engineers, developers and tech experts to
weighs in at 284.6 tons, rising to 687.5 tons help us turn those investments into solutions
on a full load – the equivalent of 15 189- for our customers.”
Miningglobal.com 51
INDUSTRY X.O
52 March 2021
INDUSTRY X.O
Caterpillar
Chairman &
CEO Jim Umpleby
- many mines of a
certain size, most
customers now want
an autonomous
fleet.
30%
increase in
productivity
340
autonomous mining
trucks running and
expect to reach
400
by the end of the
year!
and integrate it into their existing fleet, and operations while backed by a proven expert
meet growing demand for autonomous in the industry.
haulage trucks, which are projected to grow A wholly owned subsidiary company of
by more than 300 percent by 2023. Hitachi Construction Machinery, Wenco,
Wenco and Oxbotica both support an has 30 years’ experience in developing
open and interoperable ecosystem of technology solutions that assist mining
partners that integrate solutions alongside companies in maximising resource
existing mine infrastructure. Both companies value from their operations. This latest
believe this provides customers with the advancement builds on the vision of Open
greatest flexibility and control for integrating Autonomy – first publicly announced by
new solutions while reducing associated Wenco and its parent, Hitachi Construction
risks and costs. Machinery, at the Canadian Institute of
This approach also notably avoids vendor Mining, Metallurgy and Petroleum (CIM)
lock-in and offers customers the freedom to Convention in Montreal in May 2019.
choose preferred technologies, independent Andrew Pyne, Wenco President and
of their primary industrial systems. CEO, said it was confident that combining
Furthermore, it enables highly skilled Oxbotica’s proven capability in autonomy
autonomy suppliers that may be new to with its 30-year experience in interoperable
mining to integrate with customers’ existing fleet management systems for large mining
Miningglobal.com 53
INDUSTRY X.O
54 March 2021
INDUSTRY X.O
Sandvik scoops
Global Product
Leadership award:
Based on its recent analysis of the global
pleased with this cooperation. Here, we mining automation market, Frost &
have the opportunity to develop an aspect Sullivan has recognized Sandvik with the
of fossil-free mining operations, a step 2020 Global Product Leadership Award
towards achieving a fossil-free society and for its advanced mining automation,
basic industry.” teleoperation and digitalization solutions
Vattenfall and Kaunis Iron signed a portfolio, AutoMine and OptiMine.
letter of intent to develop fossil-free and ”Sandvik is the only mining equipment
electrified mining operations at the iron and solutions company that was awarded
ore mine in Pajala, Sweden, in January. in our 2020 Class of Top 50 Digital Best-
"The Swedish mining industry is facing practitioners across the Industrial and
major changes to reduce dependence on Energy Space,” says Rohit Karthikeyan,
fossil fuels and develop climate-efficient Industry Analyst at Frost & Sullivan.
and responsible mining operations,” said The AutoMine system is an innovative
Klas Dagertun, CEO, Kaunis Iron. “Kaunis automation solution that comprises
Iron wants to take active responsibility AutoMine Underground and AutoMine
for this development, and that is why Surface Drilling, enabling customers
this collaboration with Vattenfall is to scale up the mining automation at
very important.” their own pace.
Miningglobal.com 55
CRU GROUP
56 March 2021
CRU GROUP
DATA-DRIVEN
COMMODITIES
DIGITALTRANSFORMATION
Will Blake, Director of Technology & Analytics at
CRU Group, discusses how data and data analytics
are driving change in commodities
T
he digital transformation of every Understandably, delivering such a
industry sector means that an comprehensive suite of services requires
immeasurable amount of data is a robust and innovative technology and
being generated by businesses, industries analytics strategy. Will Blake is responsible
and consumers worldwide every day. The for driving this strategy. Will is a highly
effective harnessing and analysis of that data experienced technology leader, having spent
can generate significant value to companies more than 15 years at CRU and, previously,
through the greater understanding and close to two years working as a geophysicist
insight of trends, and better prediction and in a seismic exploration team. Data has been
forecasting that allows robust strategies to an overarching theme throughout his career,
be delivered. as he explains: “Geophysics is a data intensive
The latter is where CRU comes in. The role that requires the handling of large
London-headquartered company uses data volumes of information – the oil industry was
to offer unrivalled business intelligence really one of the first that exploited the value
on the global metals, mining and fertiliser of data in this way, so that experience has
industries through market analysis, pricing certainly given me a greater understanding of
assessments and consultancy services. The the challenges around information and data,
content and insight provided by CRU gives as well as how we can effectively solve the
a complete view of the commodity market, issues our customers face.”
enabling operators and industry participants During his 15 years at CRU, Will has
to make critical business decisions. witnessed data, and the effective analysis
Miningglobal.com 57
CRU GROUP
“COMPANIES
of that data, play an increasingly important
role in the business strategies of customers.
58 March 2021
CRU GROUP
Miningglobal.com 59
Empowering People
with Trusted Analytics
62 March 2021
CRU GROUP
“OUR CLOUD
STRATEGY
PROVED
TO BE VERY
RESILIENT AND
WAS A KEY
ENABLER IN
ALLOWING
BUSINESS TO
CARRY ON
EFFECTIVELY”
WILL BLAKE
DIRECTOR OF TECHNOLOGY
& ANALYTICS,
CRU GROUP
Miningglobal.com 63
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300+
employees spread over
8 offices on 5 continents
40
different commodities
analysised
66 March 2021
CRU GROUP
WILL BLAKE,
DIRECTOR OF TECHNOLOGY
& ANALYTICS,
CRU GROUP
Miningglobal.com 67
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hello.global.ntt
CRU GROUP
NTT: supporting
global enterprises in
the new digital era
We speak to Mo Meah,
Client Partner at NTT
with 25 years experience
An insightsales
in the technology into how CRU efficiently
dealt
environment, onwith
the the global pandemic
company’s partnership
with CRU Group
“W E’RE
Joining ALSO
NTT in 2014, Mo Meah currently holds
Information provided by CRU helps
Group’s collaboration tools, which in turn has led
organisations navigate challenging market
LOOKING TO
the position of Client Partner at the company. to NTT looking at other areas of the business
“NTT is a global ICT provider with a revenue conditions. This hascloud
such as security beenand evidenced
making usemostof digital
of$11bn. As the 11th largest company in the recently events.in thethecompany’s
relationshipwork during
DRIVE A LOT OF
“So is moving in the right
world, NTT’s focuses on supporting global the global COVID-19 pandemic. Like all needs.
direction to support their future business
enterprise companies that are looking to utilise companies,
One of theCRU keyfaced
areas,the considering
challengethe of global
AUTOMATION
the new digital era of intelligent solutions, both pandemic that we’re currently experiencing,
locally and regionally, as well as globally. NTT shifting to aable
is being remote workingand
to support business
work with their
AND TO IMPROVE
operates in over 50 countries, working with model. remote
customers to build very long trusted relationships highlights,
“It’s been very
workers.
the ability“but as we
to allow
challenging,”
We were Willtogether
able to put
have offices
employees in Beijing
to work from home
OUR RANGE OF
as a managed service provider,” comments Meah. and at Shanghai,
very short which
notice,”both
he adds.
enforced home
DATA SOURCES,
working in January, we were better placed to
NTT’s relationship with CRU Group began four Meah details that NTT’s partnership with CRU
years ago, originating from an event hosted plan for any
Group potential
is one wheredisruption.
they have On been23able
March to build
INCLUDING
by NTT. “Cloud Expo allowed CRU Group to wea moved
assess who they could go to market and who around with them
the whole global
strong relationship.
to really
300 people
“We havebusiness
– tounderstand
home working
worked
where
– closely
andthey’re
SATELLITE
would support them in establishing a more agile going as a business and being able to address
it’s worked remarkably well. Our cloud
and robust network. We actually bid on XXXX at some of those issues in terms of having better
the time, and as part of that we effectively strategy proved totools be very
and resilient and was
ANALYTICS”
communication allowing them the data
delivered a brand new infrastructure for an a key andenabler
the voicein allowing business
to operate overtoone
carrynetwork
environment to support their business and oninterface. effectively.”
Our partnership makes their job a lot
consolidate their connectivity across the globe. easier becausehas
The company they can
also beenrelyengaged
on their trusted
Our network
WILL BLAKE, has enabled them to communicate in dedicated
partner to worry about infrastructure, which
more effectively
DIRECTOR OF TECHNOLOGY with both employees and allows themCOVID-19 analysisonto the
to concentrate better
key areas
customers,”
& ANALYTICS, comments Meah. understand
of actually how the virus
optimising andis impacting
being more effective
CRU GROUP commodities. “Disruption
in their business to supplyMeah.
roles,” concludes chains
As a result of this initial partnership, NTT has had has been significant,” Will states, “as well as
the opportunity to branch out and unify CRU
Miningglobal.com 69
CRU GROUP
70 March 2021
CRU GROUP
short-term demand reduction. Alongside Will. “We still have work to do to harness the
this, we’ve been tracking operational status volumes of data we need and make it more
of mines, smelters and refineries with accessible – it’s a never ending evolution in
our dedicated disruption tracker service, that respect. We have just purchased a new
which has been embedded in our existing data platform that will drive this growth and
products. Our economics team has offer a greater range of analysis. We’re also
been closely analysing the impact of looking to drive a lot of automation and to
this disruption on global GDP and other improve our range of data sources. The latter
economic indicators as our outlook shifts includes satellite analytics, which provides
from what’s happening now to what the an enormous wealth of information at a
future looks like for our customers.” global scale.”
As to that future, Will describes a rapidly “In terms of our business, there are two big
changing market that is showing the first signs trends that will drive what we do: increasing
of stability. Forecasting, he notes, always has electrification of transport and the changing
a degree of flexibility, but CRU is experiencing structure of power generation, and carbon
commodities customers seeking answers to emissions and environmental sustainability.
longer term questions, which demonstrates Both will contribute hugely to how our
the response to COVID shifting from a customers operate and they’ll form a key
survival mentality to one of strategically strategic area for us to move into.”
planning for the future.
For CRU, future plans revolve around
continuing to develop core services and the
implementation of new technologies, says
Miningglobal.com 71
TECHNOLOGY
72 March 2021
TECHNOLOGY
O
to GIS systems and automated drones,
ver the past decade, the mining digital technologies are set to make
industry has faced increasingly mining operations around the world more
difficult scenarios to improve productive, efficient and sustainable,
efficiencies, raise safety and reduce costs, whilst significantly reducing the risks
whilst also demonstrating an increased involved and improving worker safety.
environmental and social awareness The global smart mining market size
among local communities. is expected to reach $24,047.6 million
The recent China gold mine explosions in 2027, from $9,256.7 million in 2019,
in Shandong Province were a stark growing at a CAGR of 13 percent over
reminder of the dangers faced by miners the next six years, according to Allied
working 400 meters below ground, Market Research.
even in today’s more safety-aware and Changes are now filtering through. At
technologically equipped 21st century. the end of last year, Epiroc agreed to buy
Against the wider challenges of 2020, MineRP, a software company specializing
the pressure to get the balance right has in increasing productivity for mines
only intensified and the pandemic has through integrated planning, execution
triggered many countries to re-assess the and analytics.
long-lasting impacts of their mining and “The combination of MineRP’s platform
metal projects. As a result, new processes capabilities with Epiroc’s digital solutions,
must be developed to meet the increasing partners and global presence has the
demand for materials and low-carbon potential to transform the way that mines
technologies. operate,” said Helena Hedblom, Epiroc’s
On all fronts, this is where the new President and CEO. “MineRP is a high-
digital era can offer solutions. quality software provider with significant
Traditionally, mining has been slow to experience of connecting mines from pit
adopt new technologies and embrace to port, and together we will continue to
Miningglobal.com 73
TECHNOLOGY
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74 March 2021
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TECHNOLOGY
Miningglobal.com 75
TECHNOLOGY
76 March 2021
TECHNOLOGY
“The current
silicon technology
can’t be used in
harsh environments
because they can’t
survive a long time
in conditions of
high temperature
and corrosion”
DR DINH,
MECHANICAL ENGINEER
THE UNIVERSITY OF SOUTHERN
QUEENSLAND
Spatial data is becoming increasingly work in a mine without being in the field and
valuable across the mining sector, with for companies to train new miners remotely.
three-dimensional modelling, virtual reality In particular, developments in augmented
and augmented reality software’s enabling reality now allow miners to be trained using
companies to plan new mines without virtual simulators and provide an immersive
being on the ground. For example, three- experience – letting employees to prepare
dimensional modelling allows companies to for difficult events in a safe environment.
create a realistic model of a new mine, with This reduces costs, risks and negative
viewable depth perception, which enables impacts to the environment.
them to assess and test potential issues
before plans are deployed in the real world. Autonomous mines
In addition, these new technologies allow Mines have always been considered
individuals to experience what it is like to dangerous environments to work in.
Miningglobal.com 77
TECHNOLOGY
78 March 2021
TECHNOLOGY
Miningglobal.com 79
TECHNOLOGY
80 March 2021
TECHNOLOGY
Miningglobal.com 81
SOURCE TO PAY
Automation
and
Digital Key
to
POST-COVID
Procurement
82 March 2021
SOURCE TO PAY
miningglobal.com 83
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miningglobal.com 85
SOURCE TO PAY
This value will come both from the Two PRGX data and technology experts
amount of work that can be automated and recently discussed how analytics and data
from likely improvements in compliance, enrichment can help companies overcome
cycle times, and payment terms associated S2P challenges.
with each step. Any gains must be set against “Whether it is applied to factors such as
the cost and complexity of implementing True Net Cost or Days Payable Outstanding,
suitable technologies. Robotic process data enrichment and advanced analytics
automation and smart work-flow solutions have the power to transform how companies
are likely to be quicker and cheaper to track, categorize and analyze spend data,”
implement than sophisticated machine- said Daniel Ebert, Senior Manager of
learning technologies and cognitive agents, Analytics at PRGX.
for example.
The emerging picture of the end-to-end Procurement challenges during pandemic
process will provide a comparison of the COVID-19 has acted as a massive restraint
relative benefits of addressing each step on the agriculture, construction, and mining
within it, set against the relative cost and machinery manufacturing market in 2020
difficulty of automating those steps. as supply chains were disrupted due to
86 March 2021
SOURCE TO PAY
miningglobal.com 87
TOP TEN
88 March 2021
TOP TEN
WOMEN
IN MINING
Mining Global profiles ten women making a WRITTEN BY:
difference to the global mining industry through DOMINIC ELLIS
their leadership, advocacy, and abilities. All 10
women have been chosen from the 2020 edition
of the ‘100 Global Inspirational Women in Mining’
list from the Women In Mining UK Advocacy Group
F
ounded in 2006, Women in of executives and board members.
Mining UK is an advocacy They fill only about 12.9 percent of
group that promotes the C-suite positions in Europe, while
employment, retention, and in the US and Canada, they occupy
progress of women in just 11.5 percent of C-suite roles.
the mining industry. . However, they are more likely
Leveraging partnerships with to have better representation in
leading mining companies and executive roles more broadly, and
other industry participants, WIM on company boards.
aims to push the business case Mining Global presents 10
for diversity, inclusion, and the women leaders in the global mining
economic advancement of women industry who are shaping the way
in the sector. One of its key the industry moves forward, while
initiatives is the biennial ‘100 Global also providing inspiration to other
Inspirational Women in Mining’. women about the opportunities
Such initiatives are incredibly for success in this challenging and
important with women filling less demanding sector.
than one-fifth of leadership roles All 10 women have been chosen
across global mining companies, from the 2020 edition of the ‘100
according to a recently released S&P Global Inspirational Women in
Global Market Intelligence analysis Mining’ list.
Miningglobal.com 89
Global Virtual Event
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09
AMANDA LACAZE
10
CEO and managing director
Lynas Corporation
92 March 2021
TOP TEN
08 07
NATALIA KAYBALINA GAY HUEY EVANS
Managing Director Chairman
Taseevskoye, Highland Gold London Metal Exchange
Natalia Kaybalina manages the Tasee- As chairman of London Metal Exchange,
vskoye mine in Siberia, one of the largest Gay Huey Evans has led a major
gold mines in the world. Born in Eastern technology infrastructure rebuild and
Kazakhstan, Kaybalina moved to Russia in steered LME’s diversity and inclusion
2009, working initially in the Trans-Baikal agenda and sustainability initiatives. She
Territory before moving to Moscow. also sits on a number of boards, is a Trustee
Kaybalina oversees the Taseevskoye of the Beacon Collaborative and Wellbeing
deposit, which includes two adjacent of Women, serves on Chatham House’s
sites – the Baley tailings project and 20th Century Committee, while she
the Sredniy Golgotay deposit. The is also a member of the US Council on
predominantly underground mining Foreign Relations. She serves on the boards
operation is staffed almost entirely by of Standard Chartered, ConocoPhillips,
a male team of about one and a half IHS Markit and HM Treasury.
thousand persons. Over the course of a 30-year career,
In addition to being a surveyor by Evans has worked within the finance
training, Kaybalina is also a sociologist, and commodity industry as both an
having completed a masters programme established market practitioner and
at Transbaikal State University’s School regulator, giving her deep expertise
of Sociology. across commerce, risk, governance,
policy, and regulation in capital markets.
In 2016, she was awarded an OBE for
services to the financial service industry
and diversity.
Miningglobal.com 93
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05
AIDA DIOP NDIAYE
06
President
Women in Mining Senegal
Miningglobal.com 95
TOP TEN
04
03
SERPIL DEMIREL
CEO
Esan
96 March 2021
02
TOP TEN
EVA ARIAS
Executive president
Compañía Minera Poderosa
Miningglobal.com 97
TOP TEN
98 March 2021
TOP TEN
Hilde Merete Aasheim became president she became executive vice president of
and CEO of Hydro – the world’s largest staff functions and corporate services in
integrated aluminium business – in StatoilHydro.
May 2019. Prior to the company’s In her role as president and CEO of
reorganisation of business areas in March Hydro, she is focused on the company
2009, Aasheim served as executive playing an important role in the global
vice president for the Aluminium Metal green transition, stating that while
business area since November 2008. Hydro has amongst the lowest carbon
She joined Hydro in October 2005 as footprints for aluminium production in
executive vice president for Leadership the world, she intends to lower it further.
and Culture (human resources, health, Aasheim adds that the mining industry
environment, safety, and corporate needs to ‘walk the talk’ when it comes to
social responsibility). In January 2007, sustainability by educating consumers
she led the planning of the integration and encouraging them to demand more
between Hydro’s oil and gas activities information about the origin of the
and Statoil. When the merger closed, materials they are buying.
Miningglobal.com 99
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