FFF-March-2014-Ernst-Venter-v9
FFF-March-2014-Ernst-Venter-v9
FFF-March-2014-Ernst-Venter-v9
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Characteristics of the future resource extraction industry<br />
2013<br />
1. Increasing Shareholder expectations<br />
(Profits)<br />
2. Extreme escalation in operating costs<br />
3. Rapid Technological Innovation i.e.<br />
IT/Com’s..<br />
4. Increased pressure on Social and<br />
Regulatory Compliance.<br />
5. Un-balanced relationship between<br />
government, community and mining.<br />
6. Current core processes are sub-optimized<br />
(exploration, geology, mining processing<br />
and logistics)<br />
7. High levels of waste and discard materials<br />
from production.<br />
8. High Impact on Environment and insufficient<br />
Rehabilitation<br />
9. Fossil Fuel based Economy / Carbon<br />
Emissions<br />
10. Energy Supply / Cost constraints<br />
11. Limited focus on downstream beneficiation<br />
12. Current workforce ill-equipped for the<br />
future (High levels of semi-skilled<br />
employees and shortage of highly skilled<br />
employees)<br />
13. Communities dependant on Mining<br />
Activities<br />
10 Strategic Thrusts<br />
Smart Exploration<br />
New Mining Technologies<br />
New Processing Technologies<br />
Asset Management/Logistics<br />
Clean Coal Technologies<br />
Innovation to Zero Harm<br />
Social Responsibility<br />
Sustainable Energy<br />
Automation<br />
Integrate/Redefine Value Chain<br />
2030<br />
1. Sustainable License to Operate (LTO):<br />
• Creating inclusive wealth-all<br />
Stakeholders<br />
• Balanced and sustainable partnership<br />
between government, community and<br />
resources industry<br />
• Small footprint / limited environmental<br />
impact<br />
• Self-sustaining economically viable<br />
community > Beyond a Life of Mine<br />
(LOM)<br />
2. Smart Exploration: Accurate, predictable,<br />
instant, information and models<br />
3. 100% resource extraction<br />
4. Zero Waste<br />
5. Zero Harm - safety/health<br />
6. Energy, carbon and water neutral<br />
7. Workforce equipped to support the 2030<br />
business<br />
8. Hybrid/renewable/alternative energy<br />
solutions<br />
9. Capitalise on trend of advanced / light<br />
Materials /Metals<br />
10.Integrated, optimised and redefined value<br />
chain
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