Clareo works with companies to overcome their innovation deficit and earn their social license to operate.
Mining is the lifeblood of the global economy, yet many of the industry’s core practices have gone largely unchanged for decades. The industry has a persistent, long-term under-investment in innovation. This is no longer sustainable!
The vision of the Mining Company of the Future is to catalyze innovation that will expose new technologies and sustainable practices, and to address critical issues of poor productivity, high unit cost of production, and the ever-declining social license to operate.
The innovation imperative is the greatest it has ever been. The recent surge in prices should not be viewed as a panacea, but rather the stimulus to accelerate commitment, urgency and investment towards the necessary innovation agenda. It is an opportunity that should not be squandered.
At Clareo we have worked with industry leaders to deepen and accelerate innovation that addresses these urgent technological and social license issues plaguing the industry.
“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, Chief Executive, Anglo American
What We Do
- Develop high-impact approaches to innovation
- Assess and enhance innovation strategy and capabilities
- Drive radical shifts in performance by adapting and applying methods from other industries
- FastPath applies lean startup approaches to accelerate a concept from idea to adoption
- Provide tools and methods to execute strategy and remain competitive
Our Approach to Innovation
Mining must address these four pillars of innovation.
Look for operational improvements through efforts like continuous improvement and lean thinking, pioneered by Toyota; typically tend to be incremental in nature
Look for significant improvement in key performance metrics; apply learnings and technologies from other industries to existing approaches
Look to fundamentally change many aspects of mining through new technologies - rethink and substitute existing processes and approaches
Transformative Business Models
Address issues that impede mining's social license to operate by transforming its business model with a multi-stakeholder engagement approach
In The News
The Innovation Imperative
- Mining expert says events like hackathons spur creativity, innovation in industry (Toronto Business Daily, June 2017)
- Mining Opportunities: A Conversation with Peter Bryant (The Electrical Distributor, Dec. 2016)
- "The Mine of the Future" (El Imparcial, Oct. 2016)
- Raising the Industry's Bottom Line: Turning to Radical Efficiency to Raise Profits (SME's Mining Engineering, Sept. 2016)
- Achieving Innovation in a Tough Environment (Metal Bulletin, Aug. 2016); Spanish Language Version
- The Future of Mining (Corporate Nights, June 2016)
- A Ride on the MSI's Vintage Coal Mine Unearths Nostalgia, Questions (Chicago Tonight | WTTW, Jan. 2016)
- The Imperative Case for Innovation in the Mining Industry (Mining Engineering, Oct. 2015)
- The Imperative for Innovation (World Coal, Sept. 2015)
- Clareo's 'Mining Company of the Future' Shows Path to Growth (Press Release, May 2015)
- SME 2015: The Mine of the Future (Coal People, Jan./Feb. 2015)
- Mining Company of the Future: Anglo American CEO Joins Group To Open Discussion (Mining Engineering, Jan. 2015)
Social License to Operate
- Multi-stakeholders form new Development Partner Institute to inspire mining for good (International Mining, May 2017)
- Clareo Managing Partner offers views on innovation from PDAC (International Mining, April 2017)
- The Future of Mining in Africa - The Development Partner Approach (Classic Business, Feb. 2016)
- Promoting Sustainable Management in Mining (News of Mining Brazil, Sept. 2015)
- Is the Mining Industry Becoming Outdated? (Globe and Mail, May 2015)
- Sustainable Mining: An Inherent Contradiction in Terms? (The Guardian, Jan. 2015)
- Transforming Mining Into a Development Industry (Kellogg Insight, Jan. 2015)
- Forging a New Path for Mining: The Development Partner Framework (The Guardian, Dec. 2014)