Mining is the lifeblood of the global economy, yet many of the industry’s core practices have gone largely unchanged for decades. The vision of the Mining Company of the Future is to lead innovation that will expose new technologies and sustainable practices, ensuring that the industry continues to meet demand in a rapidly evolving world.

The case for innovation in the mining industry has never been more compelling—whether you believe the industry is in a sharp dip in a significant ‘sawtooth’ cycle or in the midst of a bust—the imperative is the same. Despite record production levels and still above-average prices compared to the lows of 2000, the industry is struggling to make profits and provide the returns on capital that investors are seeking. This represents a large-scale destruction of value over the last 15 years.

“Our industry is damned by the fact that our spending on innovation is one-tenth of the petroleum industry…. If we don’t start to bring innovation back…the major diversifieds will be subsidiaries of General Electric or some other conglomerate that has still got innovation in their vocabulary.”

—Mark Cutifani, CEO, Anglo American Quoted on MiningTechnology.com

Key Forces and Trends Shaping the Mining Industry

  • Unsustainable long-term increases in operating expenses and capital expenditure
  • Dramatic decrease in productivity and lower ore grades
  • Subpar return on capital
  • Intensified government nationalism and expropriations
  • Rising community expectations and activism
  • Diminishing tolerance and legacy issues regarding environmental, health and social concerns
  • Innovation deficit as a result of long-term underinvestment

Clareo helps companies overcome their innovation deficit in technology and win their social license to operate.


Our approach to innovation consists of six factors that are critical to success.

insightdriven

Insight-driven
approach to innovation

strategicimperatives

Alignment
with strategic imperatives facing the company

multiplepathways

Exploration
of multiple pathways and use of a portfolio approach

insulationpressure

Sufficient insulation
from the pressures of the existing business, while maintaining adequate connectivity with the business

govt-finance

Separate governance
and funding mechanism

ambidextrous

Ambidextrous excellence
The ability to explore new areas while strengthening the core


Peter Bryant, managing partner at Clareo and a senior fellow at the Kellogg Innovation Network, discusses the future of mining in Africa and the opportunity for the industry to embrace new technologies and collaborative approaches like the development partner framework, in this interview for CNBC Africa. This interview was filmed during the Mining Indaba conference, Feb. 8-11, 2016.

At the Mining Indaba conference, Feb. 8-11, 2016, Peter Bryant spoke to Business Day about the imperative for innovation in the mining industry, and how the development partner approach can drive better outcomes for all stakeholders in the industry. Peter Bryant is a partner at Clareo and a senior fellow at the Kellogg Innovation Network.

Peter Bryant, partner at Clareo and Senior Fellow, the Kellogg Innovation Network (KIN), discusses the mining company of the future at the Society for Mining, Metallurgy and Exploration's conference. In partnership with the Colorado Mining Association (CMA), the Society for Mining, Metallurgy & Exploration (SME) hosted a pivotal keynote session during their joint meeting, February 16, 2015.

This webinar with Peter Bryant was provided courtesy of the Society for Metallurgical Engineering. Peter is a Clareo managing partner and a senior fellow at the Kellogg Innovation Network. He discussed the imperative for innovation in mining with members of SME in Oct. 2015.

Peter Bryant, Partner at Clareo and Co-Chair of the KIN Catalyst, describes what a KIN Catalyst is at KIN Global 2012: Where to Next? The summit convened global innovators from May 30 - June 1 on the Kellogg School of Management Campus.

Clareo partner Peter J. Bryant, natural resources expert and KIN Senior Fellow; Mark Cutifani, CEO, AngloGold Ashanti and KIN Catalyst sponsor; and Robert C. Wolcott, KIN Founder, introduce KIN Catalyst and The Mining Company of the Future. (Brazil, Sept. 2012) 

This retrospective of KIN Catalyst—The Mining Company of the Future starts with the first gathering of more than 50 leaders in Brazil in April 2012 through to the unveiling of the transformational Development Partner Framework at the Ford Foundation in Dec 2015.

Incremental innovation won't be enough keep today's mining companies afloat. But today, companies don't want to invest in research and development. So where and how will change happen? Kulvir Gill of Clareo Partners has some ideas. This presentation, recorded 12/04/14, is part of McEwen Mining's Innovation Lunch and Learn Series, hosted at the company's Toronto office.


In the News

Mining Company of the Future

Kellogg Innovation Network's Development Partner Framework

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