FUTURESMART™ OPEN FORUMS
Transcription
FUTURESMART™ OPEN FORUMS
FUTURESMART OPEN FORUMS AustMine Conference Dan Alexander – May 2015 1 UNCLASSIFIED WHO WE ARE AT A GLANCE Platinum $31 bn 151,200 In Group Revenue* Employees Worldwide Diamonds (De Beers) Our head quarters are in London, United Kingdom Iron Ore & Manganese Copper Mining Operations in Southern Africa, North and South America and Australia $7.8 bn In underlying EBITDA* Thermal Coal Metallurgical Coal Nickel, Niobium & Phosphate We are listed on the London and Johannesburg Stock Exchanges 2 *2014 UNCLASSIFIED 3 *2014 UNCLASSIFIED FUNDAMENTALLY CHANGING MINING… Deliver step change value in our operations by working together with partners to transform our operational practices using novel technologies Anglo American will focus on step-change initiatives • Across the full value chain • Technologies that will make a difference across multiple commodities • Enhance performance of our Tier 1 & 2 assets 4 UNCLASSIFIED 5 UNCLASSIFIED ..WITH FUTURESMARTTM AT THE LEADING EDGE OF TECHNOLOGY AND INNOVATION IN MINING • Response to the global drive for a more sustainable approach to mining – economically, socially and environmentally • Use innovation and technology as an enabler to deliver value • Holistic (benefit entire systems), open, and collaborative • Creates sustainable and lasting change • Novel approach to IP management 6 UNCLASSIFIED OPEN INNOVATION INSPIRES THE APPROACH… Adapting from other industries Systems thinking Open Innovation Speed Delivering quick wins Edison did not deliver the lightbulb through continuous improvement of the candle… 7 UNCLASSIFIED ..WITH OPEN FORUMS CONSIDERED A VALUABLE TOOL Mining suppliers Academia Other industries Entrepreneurs OPEN FORUMS Finding common business needs, interests and skills to develop and deliver industry game-changing technology projects Anglo American BU representatives Open Forums will focus on identifying and selecting the right problem to address, and bring the right internal and external people to do so 8 UNCLASSIFIED OTHER INDUSTRIES AND OPEN INNOVATION GE Ecomagination Light My Fire: aviation engineers 3D printed a model jet engine, then took it to 33,000 RPM Shell GameChanger The revolutionary idea of cooling natural gas to liquid at sea into reality – identified by open source and boosted by early funding from the Shell GameChanger programme 9 Source: Companies’ websites UNCLASSIFIED FUTURESMART OPEN FORUMS 10 UNCLASSIFIED WE’VE IDENTIFIED THREE OPEN FORUM AREAS… Processing Sustainability Mining FutureSmart Open Forums are set in the context of objectives that will require us to address technology challenges that previously may have been seen as impossible 11 UNCLASSIFIED KICKING THE WATER HABIT: OUR ASPIRATION FOR WATER FREE MINING What if we could… Redesign our processes and technology to be waterfree and only use recycled water Consume only minimal clean water for our own needs and instead use others’ waste water Through water, create sustainable development opportunities not only for Anglo American, but for all stakeholders 12 UNCLASSIFIED ADAPTABLE PROCESSING: OUR ASPIRATION FOR THE FIT FOR PURPOSE PLANT What if we could… Redesign our processes and technology to adapt to any size and grade of ore deposit Transform mineral processing into a fully flexible and highly integrated manufacturing system Dramatically reduce the energy, water and physical footprint required for extracting minerals from ore 13 UNCLASSIFIED ..AND OUR DESIRED OUTCOME IS A PORTFOLIO OF PROJECTS THAT DELIVER VALUE FROM THE START Indicative absolute value generation • The portfolio project approach will deliver value early • Total value will continue to grow as longer term projects start to generate benefits • The selection of suitable projects at the completion of the Open Forum is a key deliverable • Understanding the shape of this graph will dictate the choice of projects 0 2 Short term 4 Medium term 6 Long term 8 TOTAL 14 UNCLASSIFIED IP ENABLES, NOT IMPEDES, COLLABORATION OUR FOCUS IS TO GUARANTEE OUR FREEDOM TO OPERATE Novel approaches to Intellectual Property (IP) will facilitate collaboration BASIC UNITS OF VALUE FROM IP Collaboration exposes us to risk Exchanging confidential information Benefit Clear contract clauses on IP ownership Development of new processes A number of options may be considered when negotiating IP, for example: Right Owning the IP Sharing of IP rights (e.g. joint ownership, cross licensing) Property Future price discounts as co-developer Securing rights of first refusal to either own or license the IP 15 UNCLASSIFIED RELATIONSHIPS ARE KEY “Valley of Ideas” ANGLO AMERICAN Govt / NGO? Other Mining Co? University? Anglo Business Unit? SME / Entrepreneur? Buyer Provider Risk boundaries “Valley of Death” Supplier “Valley of Support” Typically, a large OEM 16 UNCLASSIFIED THE LARGER KEY IS CHANGE Machine gun? I don’t have time to talk about that – I have a war to fight 17 UNCLASSIFIED KEY MESSAGE • Anglo American has embarked on an open innovation approach called FutureSmart Open Forums • Open Forums is a tool which will use to identify the right problems • The initial focus of the Open Forums will be identifying the game changing projects in water and adaptive processing plant It’s a seemingly impossible task that, if achieved, will simply change everything… 18 UNCLASSIFIED THANK YOU www.angloamerican.com 19 UNCLASSIFIED