futuresmart open forums
TRANSCRIPT
1
UNCLASSIFIED
FUTURESMART OPEN FORUMS Midday Matters
Donovan Waller – 08th June, 2015
2
UNCLASSIFIED
RETURN TO TECHNICAL EXCELLENCE AND INDUSTRY
LEADERSHIP IN INNOVATION
• Sponsored by Mark Cutifani. Owned by
Tony O’Neill
• Designed into T&S structure
• Reflect Anglo American’s vision to be
“Partners in the Future” and create
sustainable step-change value.
• Result in a portfolio of transformative
opportunities
• Address issues of universal concern to
our industry but with a greater benefit in
Anglo American’s businesses.
• Each Open Forum brings together top
minds
• Innovation in a time of austerity
3
UNCLASSIFIED
FUNDAMENTALLY CHANGING MINING…
Anglo American will focus on step-change initiatives
• Across the full value chain
• Technologies that will make a difference across multiple commodities
• Enhance performance of our Tier 1 & 2 assets
Deliver step change value in our operations by working together with
partners to transform our operational practices using novel technologies
4
UNCLASSIFIED
• Response to the global drive for a
more sustainable approach to mining
– economically, socially and
environmentally
• Use innovation and technology as an
enabler to deliver value
• Holistic (benefit entire systems), open,
and collaborative
• Creates sustainable and lasting
change
• Novel approach to IP management
..WITH FUTURESMARTTM AT THE LEADING EDGE OF
TECHNOLOGY AND INNOVATION IN MINING
5
UNCLASSIFIED
OPEN INNOVATION INSPIRES THE APPROACH…
Open
Innovation
Systems
thinking
Speed
Delivering
quick wins
Adapting from
other industries
Edison did not deliver the lightbulb
through continuous improvement of
the candle…
6
UNCLASSIFIED
..WITH OPEN FORUMS CONSIDERED A VALUABLE TOOL
Open Forums will focus on identifying and selecting the right problem to
address, and bring the right internal and external people to do so
Mining suppliers
Academia
Anglo American BU representatives
Other industries
Entrepreneurs
Finding common business
needs, interests and skills to
develop and deliver industry
game-changing technology
projects
OPEN FORUMS
7
UNCLASSIFIED
OTHER INDUSTRIES AND OPEN INNOVATION
GE Ecomagination
Source: Companies’ websites
Light My Fire: aviation engineers 3D
printed a model jet engine, then took it
to 33,000 RPM
Shell GameChanger
The revolutionary idea of cooling natural
gas to liquid at sea into reality – identified
by open source and boosted by early
funding from the Shell GameChanger
programme
8
UNCLASSIFIED
FUTURESMART
OPEN FORUMS
9
UNCLASSIFIED
WE’VE IDENTIFIED THREE OPEN FORUM AREAS…
Sustainability Processing
Mining
FutureSmart Open Forums are set in the context of objectives that will require us
to address technology challenges that previously may have been seen as impossible
10
UNCLASSIFIED
KICKING THE WATER HABIT: OUR ASPIRATION FOR WATER FREE MINING
What if we could…
Redesign our processes
and technology to be water-
free and only use recycled
water
Consume only minimal clean
water for our own needs and
instead use others’ waste
water
Through water, create
sustainable development
opportunities not only for
Anglo American, but for all
stakeholders
11
UNCLASSIFIED
ADAPTABLE PROCESSING: OUR ASPIRATION FOR THE FIT FOR PURPOSE PLANT
What if we could…
Redesign our processes
and technology to adapt
to any size and grade of
ore deposit
Dramatically reduce the
energy, water and physical
footprint required for
extracting minerals from ore
Transform mineral
processing into a fully flexible
and highly integrated
manufacturing system
12
UNCLASSIFIED
..AND OUR DESIRED OUTCOME IS A PORTFOLIO OF
PROJECTS THAT DELIVER VALUE FROM THE START
• The portfolio project approach will
deliver value early
• Total value will continue to grow as
longer term projects start to generate
benefits
• The selection of suitable projects at
the completion of the Open Forum is a
key deliverable
• Understanding the shape of this graph
will dictate the choice of projects 0 2 4 6 8
Indicative absolute value generation
Short term Medium term Long term TOTAL
13
UNCLASSIFIED
IP ENABLES, NOT IMPEDES, COLLABORATION
Benefit
Right
Property
BASIC UNITS OF VALUE FROM IP
OUR FOCUS IS TO GUARANTEE OUR FREEDOM TO OPERATE
Novel approaches to Intellectual Property (IP)
will facilitate collaboration
Collaboration exposes us to risk
Exchanging confidential information
Clear contract clauses on IP ownership
Development of new processes
A number of options may be considered when
negotiating IP, for example:
Owning the IP
Sharing of IP rights (e.g. joint ownership,
cross licensing)
Future price discounts as co-developer
Securing rights of first refusal to either
own or license the IP
14
UNCLASSIFIED
RELATIONSHIPS ARE KEY
Buyer
Supplier
Provider
Risk boundaries “Valley of Death”
ANGLO AMERICAN
Govt / NGO?
Other Mining Co?
University?
Anglo Business Unit?
SME / Entrepreneur?
Typically, a large OEM
“Valley of Ideas”
“Valley of Support”
15
UNCLASSIFIED
THE LARGER KEY IS CHANGE
Machine gun?
I don’t have time to
talk about that – I
have a war to fight
16
UNCLASSIFIED
KEY MESSAGE
• Anglo American has embarked on an open innovation approach
called FutureSmart Open Forums
• Open Forums is a tool which will use to identify the right problems
• The initial focus of the Open Forums will be identifying the
game changing projects in water and adaptive processing plant
It’s a seemingly
impossible task that,
if achieved, will
simply change
everything…
17
UNCLASSIFIED
THANK YOU www.angloamerican.com