138 March 2021
NEWMONT
Title of the video
operations. Correlating our drill data with
the block modelling allows us to make faster
decisions based on real insights. If you look at
the success ratio for exploration in mining, it's
pretty low; if we can improve that by a couple
of percentage points, it will have a significant
impact on our reserves. With data being
generated across our organization, the ability
to use artificial intelligence to tell us where our
next drill site should be is a game-changer.”
Digital Transformation
Compared to other industries, mining has been
slow to adapt to new technologies. Canepari
pledges Newmont is aiming to rethink the
mining lifecycle. “We’ve had a huge success
with our first electrified mine at Borden, and
we’re taking all the lessons learned from
projects like these, and making them part of
our Newmont mining model. Every new mine
we're building, we're trying to re-create that
digital transformation experience from our
other mines.”
Rapid Discovery with IBM
Digital transformation has been a major
undertaking for the IT department at
Newmont. “The partnership with vendors like
IBM, supports our work to consolidate our
systems and further realize the synergies we
have across the business since the acquisition
of Goldcorp in 2019.”
IBM was brought in through a rigorous RFP
process. “We demonstrated to Newmont
that we would bring top talent, and keep
them there, to effect the changes needed
successfully and bring these two companies’
systems together across finance, master data
and supply chain management,” recalls Gene
Allen, a Partner at IBM Global Business Services.
“We had to learn how to dance together. We
are both 100-year-old companies, but we used
Rapid Discovery, an Enhance Program Launch
and Agile methodology to help us deliver
successfully together smoothly and efficiently.”
IBM implemented Rapid Discovery to
support this delivery. “We were looking at