Newtrax Customers Are Increasingly Embracing Technology As Part of Cost-Reduction Roadmaps
In a recent article published by The Australian Financial Review, chief executive of South32 Graham Kerr said that the Australian mining company is preparing to turn its razor-sharp focus on costs into a technology-driven productivity push which will result in a “quantum change” in how the miner operates.
“We think the focus now which will deliver the most value is around productivity and productivity will be probably driven by two platforms – one is around how we engage our people and get them to work more productively. The second element is I think the industry has not really embraced what digitisation and technology can do.” said Kerr.
“And somewhere like Cannington … we have cable bolts that are installed into the walls that automatically tell you how much tension they are feeling so you have real-time management to make effective decisions rather than making it based on judgment. And I think we are just scratching the surface of what possibility exists there.”
Asked to what extent these technological advances were expected to affect the bottom line, Mr Kerr said the company was only just readying to produce a “road map” of how it would approach technology.
“What I can tell you is I am not interested in spending money on the shiny new gadgets that don’t have a business case,” he said. “What we have always spoken about from day one is we have a big focus on value not volume and that will translate when we look at how we can use technology to be more productive.”
Read the full article here: http://www.afr.com/business/mining/coal/south32-to-embrace-technology-in-next-phase-of-cost-journey-20170217-gufdkx#