Last month, mining leaders from around the world gathered in Perth, Australia, for the Austmine 2017 Mining Innovation Conference and Exhibition – the country’s premier conference for showcasing the best technological innovations in the resource industries.
Newmont Australia’s General Manager of Operations Services, Lara Bruhn, was among those invited to present as part of The Productive Mine: Striving for Operational Excellence session. Ahead of her presentation, Bruhns spoke with Austmine organizers about the importance of change management skills and Newmont’s measured approach to innovation:
“Newmont is interested in innovating to create value for the Company, not necessarily for the sake of innovation. It’s about taking existing ideas, processes or products and adapting them to create value in a way that is new.”
Our commitment to delivering sustainable cost and efficiency improvements, portfolio optimization and world-class technical fundamentals is one of five strategic pillars that form the basis of our business plan and establish the objectives by which we measure our performance.
In her presentation, Bruhns outlined Newmont’s dedication to targeted innovation – opportunities that enhance performance in safety, profitability and responsibility:
“Targeted innovation is all about acknowledging that Newmont can’t look at and adopt every technology that exists. To be effective we have to focus on the critical few opportunities that add the most value.”
Around the world, our operations rely on technology – to map and mine ore bodies, operate process plants, protect our people and stay in touch with our stakeholders – and we seek to harness and invent relevant technologies to improve the way we run the business.
“We run a regular process that looks for bottlenecks and leverage points,” said Bruhns of Newmont’s culture of continuous improvement. “It’s the people who find a way to successfully get innovations into the Company’s systems.” Our Full Potential program supports the kind of change management skills that bring these innovative solutions to life and, in 2016, about two-thirds of Newmont’s savings resulted from employees finding better ways to mine and process gold and copper.
Executing our proven strategy – to improve the underlying business, strengthen the portfolio and create value for shareholders – requires that we continue to seek out solutions that make Newmont a safer and more profitable business. And as Bruhns sees it, “More often than not, those solutions rely on innovation.”