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Rio Tinto sees new partnerships as the future of innovation

Rio Tinto is announcing that innovation opportunities increase significantly when new partnerships are forged towards common goals. The comments were offered by CEO Jean-Sebastian Jacques, of the mining giant during a recent conference in Melbourne.

Mr. Jacque’s comments identify that the value chain from customers upstream through “governments, society and communities…customers, suppliers and competitors is the way forward to innovation.”   Mr. Jacques also announced a partnership with Apple Inc. and Alcoa Corp. to produce greenhouse gas emissions-free aluminum. The announcement May 10, recognizes the most significant innovation in the aluminum industry in more than 100 years , the company offered.

What is not noted in this speech is the alignment with the 2016 ratified UN Global Compact of 17 Sustainable Development Goals 2030 that is driving the planet towards exactly this concept of working in collaboration using innovation to create solutions.

See the news release herehttp://www.mining.com/web/rio-tinto-sees-new-style-partnerships-future

See the UN initiative herehttps://sustainabledevelopment.un.org/?menu=1300

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An Individual Report Card of Each Mining Company’s Responsibility Performance

The world of accountability in mining sustainability and corporate social responsibility is rapidly taking hold. CSRHub has developed an innovative and world leading software tool and methodology that measures the performance of mining companies and grading them like report card. The results are quick and revealing and are driving change in the interest and programs of mining companies globally.

CSRHub was founded in Seattle in 2009 by three visionary young entrepreneurs who developed a novel algorithm. It has evolved to measure the performance of more than 18,000 global companies including the who’s who to the startup that allows to be measured. The methodology applied to the rating is found here https://esg.csrhub.com/csrhub-ratings-methodology.

Out of this massive data base there are 556 global mining companies listed and measured against the complete list and also against their peers in the mining industry. Typically when a mining company reaches a threshold of say $1B market cap it seems to be measured. Those being measured also tend to clump regionally with Canada being a strong advocate for responsibility.

Sustainability and corporate social responsibility have been powerful themes in Europe for a generation, however more recently the mining industry has taken hold of the concepts to drive their own value. The future of the mining industry is in the hands of its investors and mining has acknowledged that their vulnerability is management of risk in dealing with their “materials handling exercise within a safety critical bubble.” Add to that the ever increasing pressure of social media policing social responsibility performance.

Checking the performance of individual mining companies can be found by typing the corporate name in https://www.csrhub.com/

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A Platform Approach to Process Building the Sustainable Mine of the Future™

Model, simulate, execute and optimize your mobile and fixed plant mining operation, bringing together the virtual and real worlds how digitalization platforms will create the Sustainable Mine of the Future™ and reveal new innovation horizons to disruptive change.

In today’s global mining marketplace, the pressures on mine operators are greater than ever to develop and optimize new sustainable mobile and fixed plant processes efficiently and safely. To meet these challenges, mining operations are using digital technologies to break down silos, create new collaborations, and generate greater efficiencies out of their teams and organizations.

In order to remain competitive in the mines that are deeper and lower grade, mining companies need to improve mobile processes that reduce overall process lead-time and deliver quality results to meet sustainability and production targets.

3D Vision platforms can enable seamless communication within complete processes from mine entrance to the workface, the loading dock and all points in between. The work scope platform includes:

  • Model the entire mine infrastructure in a virtual 3D environment
  • Simulate the commission of equipment within the mine
  • Simulate material flow for optimum equipment and services organization
  • Full Monitoring of Production and Quality to execute Operations in real-time
  • Optimization through advanced planning and scheduling based on data collected

A 3D Vision platform approach to modeling and managing mobile process in real time offers a solution to realizing the safe, efficient and Sustainable Mine of the Future™.