Rio Tinto Plc · LSE:RIO
Rio Tinto — Austmine 2017 conference
12 slides from Rio Tinto's conference presentation, 2017
Slide 1: Innovation – Opportunity or Necessity?
Innovation – Opportunity or Necessity? Craig Stegman Austmine 2017 conference Salvador power plant, Chile - 200 GWh of solar energy per year
Slide 2: Cautionary statements
Cautionary statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited ("Rio Tinto"). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. Forward-looking statements This document contains certain forward-lookin
Slide 3: The Answer?
The Answer? Necessity is a big driver of innovation – we innovate to stay in business But, innovation for Opportunity creates new businesses - & marginalises existing ones!
Slide 4: Clayton Christensen's definition of Innovation
Clayton Christensen’s definition of Innovation Margin Sustaining Making a good product better: Sustaining Gearless conveyor drives Innovation Increased truck payload Advanced Flotation technology Improving the efficiency of existing Efficiency processes: Innovation Equipment automation Min
Slide 5: Case Study 1: Opencut Mining at RTKC
Case Study 1: Opencut Mining at RTKC 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2% Cu Haul truck 1% Cu Mine closure 0.5% Cu scale-up Steam shovels Electric Electric rail & Trucks 330t haul & rail shovels traffic mgmt. replace rail trucks In-pit crushing Manefay slide Jockling’s
Slide 6: April 2013: RTKC Manefay Slide – 125Mt of waste material
10 April 2013: RTKC Manefay Slide – 125Mt of waste material 1000m
Slide 7: Case Study 2: RTKC Post-Manefay - mining to a higher factor of safety
Case Study 2: RTKC Post-Manefay - mining to a higher factor of safety 2012 2013 2014 2015 2016 2017 Remote 3D Numerical Observational Light Weight Underground Mining Pit Modelling Mining Truck Beds Drainage Galleries Manefay Slide 9 Layers of Pit ITH Borehole Mine monitoring Drilling Dispatch Future
Slide 8: Case Study 3: Copper Leaching
Case Study 3: Copper Leaching 1950 1960 1970 1980 1990 2000 2010 2020 Agitated leach SX/EW – Dump Leach @ of oxide ore 2° sulfide leaching Escondida Oxide leaching Crush & 1° sulfide SX-EW technology Agglomerate leaching developed by Ranger Leaching Exploration & Dev. Mobile producing 30% Stacking m
Slide 9: Case Study 4: Addressing the water challenge
Case Study 4: Addressing the water challenge 2000 2005 2010 2015 2020 2025 Reduced Improved Step-change groundwater thickening Desalination in water of seawater Increased consumption Social leaching Licence Improved water Seawater in recovery from Step-change in processing cost of power Increasing m
Slide 10: Options for producers & enabling technologies
Options for producers & enabling technologies Problem Pathway Challenges Key Enablers Unsustainable - Reduce fresh water use 1 Increase scale power, water - Cheaper/reliable energy Decreasing quality of ore & capital - Concentrator efficiency New mining & - More rapid innovation Technology 2 process
Slide 11: The important Innovation Trends in the mining industry
The important Innovation Trends in the mining industry Trend Approach Data Analytics –increasing Integrated Operations: application of information • A new operating model technology to monitor, control and • Common IT back-bone that promotes multi-user improve performance – and to interfaces & “plug
Slide 12: Conclusions
Conclusions • Innovation is absolutely necessary for our survival • Innovation is a balance between risk and reward • We need to focus on the challenges we are trying to solve • We operate in an Options-rich environment • Experiment fast – and often!