Mining needs to leap forward by twenty years, Anglo says

Anglo American boss for technical and sustainability said the mining industry needs to leap forward 20 years while announcing an autonomous truck trial in the U.S.

Anglo has teamed up with Utah-based Autonomous Solutions in a multi-year contract that aims to deliver better productivity and safety solutions through automation of the company’s haulage operations.

The initiative is part of Anglo’s FutureSmart program which has seen the miner pair up with third party technology providers to drive innovation.

Speeding up these changes was critical in the face of lower commodity prices, lower grades and difficulty accessing ore bodies, Anglo’s group director for technical and sustainability Tony O’Neill said.

At a recent conference, O’Neill said the mining industry “needs to leap forward twenty years in five”.

At a recent investor update, Anglo announced it would further reduce capital expenditure by $US500-800 million in 2014 and by up to $US1 billion in 2015 to $US5.2-5.5 billion.

By 2017 Anglo is targeting productivity to improve by 80%, with 35% fewer people globally through growth and restructuring.


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