MINING AGENDA

Americas Mining Agenda: Rick Rule and Joe Mazumdar, 16/5/17

A “victim of its own success” is how the overgrown VanEck Vectors Junior Gold Miners ETF (GDXJ) has been described. The coming mid-June “GDXJ Rebalancing” follows from VanEck’s recently announced MVGDXJ index inclusion changes – bigger companies in (up to US$3 billion market cap), smaller ones out. Inflation of the fund size in the past two years means the change has significant implications for a large number of gold equities, as Sprott’s Rick Rule and Exploration Insights’ Joe Mazumdar observe in this new Mining Agenda podcast.

/

The mining industry must avoid drowning in data: Ann Burns

 

She said the sector was simultaneously experiencing "big bang" disruption with the advent of technology, as well as more insidious and slow disruption.

Either way, she said disruption shouldn't be feared and it was important to make sense of the "perpetual change journey".

Burns put a figure of US$60 billion on the value of automation, robotics and operations in the mining industry, thanks to a long-term study done by Accenture in conjunction with the World Economic Forum.

"We did the research with top 40 global miners over eight years," she said.

"And we were able to quantify that in dollar terms, so almost $60 billion of value impact on the industry positively around automation, robotics and operations."

Burns was also asked which emerging technology trends companies should address, if they were to build the partnerships needed to succeed in today's digital economy.

Of the five identified by Accenture's Tech Vision 2018, Burns explained that she saw the top three as data veracity, frictionless business and the internet of thinking.

With the growing volume of data available to the industry, she said "data lakes have become data swamps" and said the trick was to maximise the veracity of data.

She also believes interoperability is inevitable.

"This is the point where I might say something controversial," she warned.

Burns also talked about the need for "ingenious humans" and upskilling the workforce.

"If you're going to make big bets on intelligent technology, and there's a lot of investment in this, then you need to close the gap on skills and capabilities," she said.

Burns also recommended five areas for miners to invest in, in digital technologies.

Burns spoke with Mining Journal in a series of interviews for the title's Mining Disrupted series of reports.

On the line …

/

Ann Burns,
Accenture resources lead

Ann Burns leads Accenture's resources team for Australia and New Zealand. She joined the global management, consulting and professional services firm more than 20 years ago. She has worked with a diverse range of clients across Asia Pacific and says her real passion is in finding answers to the challenging questions that digital is asking. Prior to joining Accenture, Burns practised as an architect and worked in construction and international business development.

Have your say

Use the commenting function at the foot of the page to join the conversation on topics raised in this edition of the Americas Mining Agenda podcast.

Follow us on Twitter

Stay up to date with Mining Journal on Twitter at @miningonline

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Q1 Mining Equities Report 2023

Discover new trends in mining investment with insights into capital raisings and share price performance of more than 2,500 companies.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.