FutureSmart Open Forums
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Anglo American is implementing Futuresmart™ open forums to drive innovation and sustainability in mining by focusing on transformative projects related to water use and adaptable processing. These forums aim to collaborate with various stakeholders, including suppliers and academia, to solve challenging problems and generate value. The initiative seeks to integrate novel technologies and create sustainable practices across the mining industry.
FutureSmart Open Forums
- 1. 1 UNCLASSIFIED FUTURESMART OPEN FORUMS Midday Matters Donovan Waller – 08th June, 2015
- 2. 2 UNCLASSIFIED RETURN TO TECHNICAL EXCELLENCE AND INDUSTRY LEADERSHIP IN INNOVATION • Sponsored by Mark Cutifani. Owned by Tony O’Neill • Designed into T&S structure • Reflect Anglo American’s vision to be “Partners in the Future” and create sustainable step-change value. • Result in a portfolio of transformative opportunities • Address issues of universal concern to our industry but with a greater benefit in Anglo American’s businesses. • Each Open Forum brings together top minds • Innovation in a time of austerity
- 3. 3 UNCLASSIFIED FUNDAMENTALLY CHANGING MINING… 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 Deliver step change value in our operations by working together with partners to transform our operational practices using novel technologies
- 4. 4 UNCLASSIFIED • 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 ..WITH FUTURESMARTTM AT THE LEADING EDGE OF TECHNOLOGY AND INNOVATION IN MINING
- 5. 5 UNCLASSIFIED OPEN INNOVATION INSPIRES THE APPROACH… Open Innovation Systems thinking Speed Delivering quick wins Adapting from other industries Edison did not deliver the lightbulb through continuous improvement of the candle…
- 6. 6 UNCLASSIFIED ..WITH OPEN FORUMS CONSIDERED A VALUABLE TOOL Open Forums will focus on identifying and selecting the right problem to address, and bring the right internal and external people to do so Mining suppliers Academia Anglo American BU representatives Other industries Entrepreneurs Finding common business needs, interests and skills to develop and deliver industry game-changing technology projects OPEN FORUMS
- 7. 7 UNCLASSIFIED OTHER INDUSTRIES AND OPEN INNOVATION GE Ecomagination Source: Companies’ websites 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. 9 UNCLASSIFIED WE’VE IDENTIFIED THREE OPEN FORUM AREAS… Sustainability Processing 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
- 10. 10 UNCLASSIFIED KICKING THE WATER HABIT: OUR ASPIRATION FOR WATER FREE MINING What if we could… Redesign our processes and technology to be water- free 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
- 11. 11 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 Dramatically reduce the energy, water and physical footprint required for extracting minerals from ore Transform mineral processing into a fully flexible and highly integrated manufacturing system
- 12. 12 UNCLASSIFIED ..AND OUR DESIRED OUTCOME IS A PORTFOLIO OF PROJECTS THAT DELIVER VALUE FROM THE START • 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 4 6 8 Indicative absolute value generation Short term Medium term Long term TOTAL
- 13. 13 UNCLASSIFIED IP ENABLES, NOT IMPEDES, COLLABORATION Benefit Right Property BASIC UNITS OF VALUE FROM IP OUR FOCUS IS TO GUARANTEE OUR FREEDOM TO OPERATE Novel approaches to Intellectual Property (IP) will facilitate collaboration Collaboration exposes us to risk Exchanging confidential information Clear contract clauses on IP ownership Development of new processes A number of options may be considered when negotiating IP, for example: Owning the IP Sharing of IP rights (e.g. joint ownership, cross licensing) Future price discounts as co-developer Securing rights of first refusal to either own or license the IP
- 14. 14 UNCLASSIFIED RELATIONSHIPS ARE KEY Buyer Supplier Provider Risk boundaries “Valley of Death” ANGLO AMERICAN Govt / NGO? Other Mining Co? University? Anglo Business Unit? SME / Entrepreneur? Typically, a large OEM “Valley of Ideas” “Valley of Support”
- 15. 15 UNCLASSIFIED THE LARGER KEY IS CHANGE Machine gun? I don’t have time to talk about that – I have a war to fight
- 16. 16 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…