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Sunday, 06 September 15
AUTOMATION AND TECHNOLOGY IS CERTAINLY PART OF THE SOLUTION FOR IMPROVING PERFORMANCE AND EFFICIENCY TO MAKE THE MINE OPERATIONS MORE PROFITABLE, HOWEVER............ - LUKE JALSEVAC
 "The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Luke Jalsevac, Director, Business Optimization Global Value Assurance, Kinross Gold Corporation, one of their speakers for TIM2015.
“ When the price of a commodity is rising, most companies focus on extracting as much from the ground as possible to capture the high margins, which may result in diminished rigor around operational excellence. When prices decline, they often overshoot to the downside, creating substantial financial pain for companies " - Luke Jalsevac
Q: The central theme behind the upcoming Summit is Innovation and Technology. From some of the innovative projects that you have been a part of at Kinross, can you share some areas where automation has helped optimize your business?
A: While Kinross has not done a great deal that can be classified as purely automation, we have been implementing a number of optimization projects involving either data automation or automation of components of processes in both mining and processing. Our focus on improving operational processes over the past number of years is enabling us to look at technology for additional opportunities.
Q: Given the current market scenario for the resources sector, do you think automation and technology is the best way forward to make the operations more profitable?
A: Automation and technology is certainly part of the solution for improving performance and efficiency, however I would argue that it needs to be used judiciously. All too often I have seen technology proposed as a ‘silver bullet’ solution when in fact there are great gains possible from improving foundational technical and business processes first, often with much smaller investments. If there are underlying process problems, technology can in fact exacerbate the situation by adding significant cost and complexity without improving bottom line performance. Having said that, for more mature operations there certainly are opportunities for automation and technology to play an important role in propelling performance to the next level. As an industry, gold mining isn’t the fastest to adopt new technologies for a whole host of reasons, some quite legitimate, but it strikes me that there is much to be learned from other mining companies as well as industries that seem unrelated.
Q: The mining sector has been one of the last ones to wake up to the benefits of technology. From a traditionally orthodox set of operations to drones flying in the mine sites, do you see challenges in terms of employees being able to keep up with the changes?
A: There are definitely a number of structural challenges faced by mining that make it harder for employees to keep up with the changes:
As a general rule cutting edge technology originates in large cities, which is where the top technology talent want to live. Most mines are in remote locations making it very difficult to attract people with the skills required to manage and implement new technologies.
The primary input, the ore body, is usually quite varied throughout changing, making it difficult to automate and standardize certain elements of the process. Manufacturing, in comparison, doesn’t face this same challenge.
The cyclical, boom and bust nature of mining makes it difficult to invest in technology in a methodical manner. Typically speaking , when the price of a commodity is rising, most companies focus on extracting as much from the ground as possible to capture the high margins, which may result in diminished rigor around operational excellence. When prices decline, they often overshoot to the downside, creating substantial financial pain for companies. In this difficult environment, like the one we are experiencing now, technology is often one of the first things to get cut from the budget.
Despite these challenges, there is no question that there are significant opportunities for resource companies to adopt technologies from other industries to improve our performance. It will require the willingness to step out of our comfort zone and try something new.
Q: Would you like to share something about the ongoing projects at Kinross which involves cutting edge technology? What are some of the typical challenges you face when trying to convince the management to embark on such projects?
A: Our focus as a company over the past five years has been building a foundation to strengthen our processes in mine planning, maintenance, geology, operations, etc. As a result, our primary focus has not been on technology, although technology has played a par t in the various improvements. Some examples include: optimization of our mining dispatch systems and implementation of High Precision GPS (HPGPS); implementation of maintenance health monitoring systems; drilling and blasting optimization (e.g. blast hole monitoring); automation of daily production reports, and the list goes on.
Q: What are your expectations from the Technology and Innovation in Mining 2015?
A: I’m interested to hear from other mining companies about which technology has truly helped them improve their bottom line performance, but even more importantly, how they go about selecting and managing technology implementations to ensure that they actually achieve the expected benefits.
Luke Jalsevac, Director, Business Optimization Global Value Assurance, Kinross Gold Corporation was interviewed by the Technology and Innovation in Mining 2015 Production Team at Information Exchange Group
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Wednesday, 23 September 15
INDONESIA: NEW REGULATION APPLIES FINAL INCOME TAX TO MINERAL AND COAL SALES - FLORENCE GRACIA SANTOSO
To increase state revenue from the mining sector, the Government of Indonesia has imposed a new final income tax on any sale of mineral and coal, a ...
Tuesday, 22 September 15
1Q16 FOB INDONESIA COAL SWAP DECLINED 6.49 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap declined $ 2.29 (-5.42%) per t ...
Tuesday, 22 September 15
FOB RICHARDS BAY COAL SWAPS FALL CONTINUES
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month.
The 4Q swap was down US$ ...
Monday, 21 September 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED HIGHER THAN Q2' 16 SWAP
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery increased $0.43 per ton (1.01%) month over month to US$ 42.95 per ton. The ...
Monday, 21 September 15
CFR SOUTH CHINA COAL SWAP GAINED WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 0.45 (0.90 %) per ton month over month.
A commodit ...
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- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- The University of Queensland
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
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- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
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- London Commodity Brokers - England
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
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- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
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