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A New Vision for the Mining Company of the Future

A New Vision for the Mining Company of the Future

A New Vision for the Mining Company of the Future

In 2012, a diverse group of global leaders met at the KIN Catalyst conference in Brazil. With representation from business, academia, nonprofits and government, the group convened and collaborated to discuss the look of the Mining Company of the Future.

Participation in the discussions came from a range of stakeholders. Mark Cutifani (CEO of Anglo American), Ray Offenheiser (President of Oxfam America), and Peter Bryant (Senior Fellow, Kellogg Innovation Network) all co-chaired the discussions. There was also representation from organizations such as Vale, AngloGold Ashanti, The Ford Foundation, Harvard University, Global Indigenous Solutions, and many other organizations.

Together, these different parties identified a set of priorities that could help shift the industry. The consensus was that mining needs to change proactively in order to design their own destiny – or someone or something else will.

Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, and declining productivity are just some of the issues. Communities are not trusting mining, and this creates additional uncertainty. It is harder to find and start a mine than ever before. Combine this with today’s capital environment and struggling commodity prices, and it creates a very difficult picture.

Since the KIN Catalyst conference in 2012, the working group has developed a much more extensive framework for mining companies, called the Development Partner Framework (DPF). This framework is outlined in the above infographic. If you are looking to get involved, the organization can be contacted at [email protected]

For more information on the KIN Catalyst: Mining Company of the Future at the Kellogg Innovation Network, visit the website: http://www.kinglobal.org/catalyst.php

What do you think? Is this vision possible – and what are the biggest challenges facing the industry?

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  • sudburyyahoo

    A huge issue with the mining industry as a whole is that the companies and the industry associations do such a lousy job of communicating what they do and in connecting with the general public. Same old talking points.
    The industry itself is very innovative, but its communications strategy is from the dark ages, bunch of PR hacks who lack the requisite passion for the industry. The public has a general lack of trust with the industry. And as for the media, if it bleeds, it leads.
    After the Mount Polley disaster, a major polling company asked which industry do you trust? Agriculture was first, mining was last.
    The industry could take a lesson from the Alberta oilsands marketing folks in helping to change the perception.

  • Bill Infante

    Individual companies often have well-conceived communications strategies — The greater weakness is the reluctance of industry to forge a common communications strategy, approach and message. Going it alone, absent coordination and coherent messaging, has been ineffective.

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