Digitalising mining is not the easiest of tasks, but there is a company that is trying to change that.
Former Gold Fields CEO Ian Cockerill was scathing at a recent mining conference regarding the reticence of the SA mining sector to embrace new technology through the years. For too long, it had done its work “in the dark”, only finding out the results of its efforts a month later and therefore being unable to respond to problems with much effect.
It was “a dinosaur”, he said.
That’s as damning as it comes.
To be fair to SA mining, however, much of its gold and some of its platinum mining is located deep underground; it is also highly labour-intensive. Therefore, digitalising mining activities is not the easiest of tasks; not when compared to open pit mining, where monitoring and visibility is much easier.
Just ask Gold Fields. Try as it might, the company cannot seem to extract a decent margin from its South Deep mine, west of Johannesburg. That is despite rounds and rounds of re-engineering initiatives, shift changes, and import of costly consultants.
この記事は Finweek English の 8 November 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Finweek English の 8 November 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.