IN THIS ISSUE
EDITOR’S COMMENT
W E L C O M E T O T H E A P R I L 2016 issue of Mining
Global. In this issue, we reveal our top 10 CEOs in the mining industry, people who have shown that leadership skills are the key to maintaining stability. We are also looking at the latest driverless technology around, which has enabled heavy-duty equipment manufacturers to produce autonomous drills, railways and trucks for the mining industry. Although there have been some speed bumps along the way, the autonomous mining devices are quickly being adopted as the way of the future by mining companies all over the world. Other topics in the issue include why gold is the ideal commodity right now. Its market activity over the past few months could be enough to make the average investor search for something more predictable. But, our writer suggests, for the more sophisticated investor, gold’s fluctuations are an earmark of potential profit, pushing the price of gold up.
We do hope you enjoy the issue, let us have your feedback @MiningGlobal on Twitter.
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CONTENTS
Features
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TECHNOLOGY Driverless equipment technology is drastically changing the face — literally — of mining
20 14
FINANCENear-term gold investment analysis 4
March 2016
TOP10 Mining company CEOs
Company Profiles
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AFRICA Alphamin Resources
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LATIN AMERICA Bradley MDH
5
TECHNOLOGY
MACHINES AMONG US Driverless equipment technology is drastically changing the face — literally — of mining Writ ten by: Mining Global staf f
DISRUPTIVE IMPROVEMENTS IN driverless technology have enabled heavy-duty equipment manufacturers to produce autonomous drills, railways and trucks for the mining industry. Although there have been some speed bumps along the way, the autonomous mining devices are quickly being adopted as the way of the future by mining companies all over the world. Driverless haulage vehicles alone improve productivity by as much as 20 percent. All automated systems have the potential to decrease employee risk by removing individuals from hazardous areas. The following mining technology producers are swiftly changing mining into an almost fully automated industry. 7
TECHNOLOGY
Rio Tinto Rio Tinto fully reimagined the mining process by creating or adopting autonomous technology for every phase of the process. This effort has been branded “The Mine of the Future” by the company, reflecting its total reinvention of equipment and operations in the mining field. Autonomous technology utilized on the various sites includes drilling systems, haulage trucks 8
April 2016
and a long distance railway. The team initially set their sights on reducing the environmental and financial impact of mining equipment through the perfection of automation. Additional benefits are improved safety statistics and better working conditions for the equipment operators. These skilled individuals work in a central operations center in Perth to control and monitor multiple types of equipment at the same time.
ASI After producing multiple vital safety systems for traditional mining equipment, ASI transferred their attention into designing hardware and software for autonomous vehicle systems. The newly designed programs transform traditional equipment, such as articulated dump trucks, rigid haul trucks, bulldozers, and excavators, into driverless devices. The autonomous system upgrade,
called NAV, has consistently proven itself as a drastic improvement in safety and productivity across the board. The device also monitors the health of the vehicle in real-time to reduce unexpected component wear or damage. Operators can control the equipment remotely or using teleoperation. ASI also integrates powerful AI software into the NAV system for mining professionals interested in switching to full automation of their mining procedures.
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TECHNOLOGY Sandvik Sandvik currently focuses all of its attention on creating an integrated automated surface drilling system called AutoMine. The system is almost completely automated, with individuals supervising the mining actions from the control room. In addition to watching the actual action of the drilling equipment on a view screen, multiple real-time measurements come through to confirm data, such as positioning, used to accurately
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complete the task at hand. If the equipment needs corrections, the supervisors can provide direction using the controls within the station or teleremote devices. Operators can also switch through the drilling equipment options, all the way up to large rotary rigs, to select the perfect tool for the job. In addition to improving safety for drill operators, the automated systems improve efficiency by reaching ore considered inaccessible by onsite teams.
BUYER’S GUIDE 2016
CAT CATÂ has teamed up with the Thunder Basin Coal Company to develop and test automated dozers and haulers. The joint venture allows CAT to steadily move toward its goal of developing a full fleet of automated equipment. In the initial phase, the autonomous systems were installed on D11T dozers used for the reclamation and overburden removal processes, which are notoriously risky for onsite operators.
With the continued success of those processes, the company turned its attention toward large mining trucks and LHDs, or front end loaders, for underground mining operations. All of the partial and fully automated systems are monitored and operated by a skilled team of professionals working in a remote control center. A single individual can oversee multiple pieces of equipment at a time using the provided realtime metrics and camera views. 11
TECHNOLOGY The future of mining With driverless technology expanding across every sector, autonomous mining equipment will only continue to improve in productivity while dropping in cost. Eventually, mining equipment industrywide will be manned from within a control center or preprogrammed for each phase of the mining process. Due to the expense of the equipment, autonomous technology developers extensively test their systems to avoid rolling out a dangerously incomplete control mechanism or software program. Across every industry, worries about automation revolve around skilled job elimination for all but the select few accepted for the control room positions. Although adoption of this technology has the potential to cause a downward trend of job availability, the safety improvements alone may make the switch well worth the initial growing pains. Keeping the operators far from potential hazards and pitfalls could transform the industry from one of the most dangerous for workers to the safest. In an industry with ongoing labor shortages, however, a downward tick in skilled job demand may actually be accepted with open arms. With operators having the ability to control multiple vehicles from the control room, problems associated with recurring seasonal labor shortages could quickly disappear, resulting in steady productivity year round. Drivers interested in remaining in the industry can receive the training they need to move into the control room and remotely pilot the automated vehicles.
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BUYER’S GUIDE 2016
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FINANCE
Near-term gold investment analysis Diversification is the key to any investment strategy; we take a look at why gold should be a part of any portfolio Written by: Mining Global staff
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FINANCE IF SHORT-TERM VOLATILITY is your preferred method of investment, gold is the ideal commodity for you right now. Its market activity over the past few months could be enough to make the average investor search for something more predictable. But for the more sophisticated investor, gold’s fluctuations are an earmark of potential profit, pushing the price of gold up. Many experts in gold believe that the only question is not whether to invest in gold or not, but simply a question of taking a long or short position. Pros of investing in gold Many investors consider gold to be a safe asset, as one that goes up in value when people are worried about the economy and imminent inflation. Forbes magazine cited gold as a smart hedge against a collapse if something unpredictable happens to the market as a whole. Yet the market has increased more than 2,000 points since the second week in February, and despite unrest in other parts of the world, the U.S. stock exchange seems insistent on remaining stable. Even with the market leveling out the past few months, gold 16
April 2016
has gone up 15 percent so far in 2016, a figure much higher than the market overall. What is keeping gold on the front burner? Investors watching what the Federal Reserve is doing. Industry experts predict that interest rates will be pushed up, perhaps sooner rather than later, but they cannot predict what those consequences will be. Negative interest rates attempted in parts of Europe and Japan have caused odd chain reactions, so a
similar action from the U.S. would produce outcomes opaque with current knowledge. It is just because of uncertainty in other arenas that makes gold a worthy consideration for 2016. Gold has already had a good year, and that was just in the first quarter. Capital Economics believes 2016 marks the beginnings of a bullish gold market. They believe gold could increase 10 percent more before the end of the year. Once again, this demonstrates
that gold is a go-to investment when the rest of the market faces general uncertainty. Other factors to consider: mining and demand Besides interest rates and market fluctuations, there are other issues that are that might also cause gold to increase in value. China and India, each with populations of more than one billion people, have caught gold fever, not just as an investment, but 17
FINANCE
also as jewelry. China is buying gold, with a 20 percent increase in investment portfolios since 2007. Recently, India purchased 900 tons of gold, mostly for jewelry. This is seen as an investment in and of itself, as it can be purchased one year and then sold the next if necessary. India’s ownership of gold represents one-fifth of the total world market. Companies to watch As demand increases, there has been a difficulty for mining companies to keeping up with it. 18
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South Africa produces half the gold it did in 1998. While China and Russia have gold production, they both lack the quality of gold that South Africa once had, and the the resources to mine it as efficiently. No matter the cause, the fact remains that gold production has dropped by four percent worldwide since 2004, at a time when the desire for gold has grown exponentially. Given this new demand, plus the push to invest in gold, these are three companies with stocks to keep an eye on in the coming months.
OceanaGold Corporation is a multinational gold producer that has operated for over 25 years in New Zealand. This company, with corporate offices in Australia, has large mines operating in the Philippines, three large mines in New Zealand, and is beginning production in the U.S. Harmony Gold Mining Company specializes in reclaiming old or under-performing mines and turning them around to productive, profitable operations. The company produces about two million
ounces each year and has about 50 million ounces in reserve. They do most of their mining in South Africa, but have been exploring development in Papua New Guinea. AngoGold Ashanti is fighting to be named the world’s largest gold miner and is consistently in the top three for production. It holds about 71 million ounces, and produces 4.5 million ounces each year. The company also minds uranium, sulfuric acid, and silver. They have mines in South Africa, the Americas, Australia, and Africa. 19
TOP10
Mining company CE
Given the current fluctuating market, leadership skills ar to maintaining stability in the mining industry. We exami the most successful mining CEOs to understand their s Written by: Mining Global staff
THANKS TO INDUSTRIALIZATION and globalization, the demand for valuable metals and minerals continues to grow. As a result, mining companies have the potential to make millions, or even billions, of dollars in revenue. An ever-shifting market, though requires
companies have leaders that are quick to adapt to new needs and strategies. A mining company needs to have access to management resources in order to take advantage of natural resources. The following is a list of the top 10 best mining company CEOs and their well-established or
TOP 10
EOs
re the key ine ten of strategies
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TOP 10
Anglo American Mark Cutifani
Anglo American is a mining compa a number of countries, including th and South Africa. This mining com 40% of the entire world’s platinum platinum producer in the world. Th a major producer of nickel, diamon
Coal India Limited
Suthartha Bhattacharya
Founded in 1975, Coal India Limited is headquartered in Kolkata, West Bengal, India. Not only is Coal India Limited the largest producer company for coal in the world, but it also produces about 82% of India’s coal every year.
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10
any that is based in he United Kingdom mpany produces about m, making it the largest his company is also nds, and copper.
9
Fortescue Metals Group
8
Nev Power
An Australian mining company that specializes in the production of iron ore, Fortescue Metals Group is the fourth largest producer of iron ore in the world. This company also happens to be the largest tenement holder in all of Australia, as it possesses holdings of about 87,000 square kilometers.
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TOP 10
Barrick Gold
John L. Thornton
7
As a global gold company, in 2013, Barrick Gold produced about 7.2 million ounces of gold. The man behind the success of the Barrick Gold company is CEO John L. Thornton. As an American, Thornton graduated with degrees from Harvard College, Oxford University, and Yale University. While Thornton’s vast experience with the mining industry is certainly a factor that contributed to his success as leader, his worldclass education also contributed to getting his foot in the door.
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April 2016
Vale
Murilo Ferreira
5
With a market value of US$27.9 billion in 2015, the success of multinational Brazilian corporation Vale can be attributed to CEO Murilo Ferreira. In 1977, Ferreira began his lengthy and very successful career as an economic and financial analyst. Ferreira has proved to be such an excellent leader thanks to 30 years of experience in the mining industry.
Freeport-McMoRan Copper & Gold Richard Adkerson
Freeport-McMoRan Copper & Gold reported revenue at US$15.88 million in 2015, with 67 percent coming from production of copper and another 10 percent coming from gold production. CEO Richard Adkerson bases his leadership skills in firsthand knowledge of the volatile mining industry, coming from his lengthy experience with the sister industry of oil and gas. Adkerson graduated from Harvard Business School.
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TOP 10
China Shenhua Energy Chairman Ling Wen
The main driver of the wild success Energy mining company is chairma dedication to the development of in has turned China Shenhua Energy mining enterprise in the world. Chin brought in US$23 billion (157.7 billi
Rio Tinto Group
CEO Sam Walsh In 2014, the revenue of the Rio Tinto Group was a whopping US$47.66 billion. The current CEO of this British-Australian multinational metals and mining company is Sam Walsh. Born in Australia, Walsh has served as the CEO of the Rio Tinto Group for over 25 years. Committed to both his company and the preservation of the environment, Walsh’s strong leadership is driven by his industry experience.
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4
s of the China Shenhua an Ling Wen. His nnovations in coal mining y into the largest coal na Shenhua Energy ion yuan) in 2014.
BHP Billiton
2
CEO Andrew Mackenzie
3
As of 2015, the market value of BHP Billiton was US$122.3 billion. Scotsman Andrew Mackenzie took the helm as CEO in 2013, and so far has proven very successful in following the legacy of his predecessor. One factor that plays a great role in his success is his multinational approach to business: Mackenzie is fluent in five different languages and has endeavored to make BHP Billiton an even larger global force than it already is.
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TOP 10
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1
Glencore Xstrata
CEO Ivan Glasenberg Without a doubt, the company Glencore is a key leader in the mining industry. 2013’s revenue of US$200 billion was funneled by the corporation’s industrial and marketing activities in the coal, metals, oil, and minerals segments. Ivan Glasenberg is the current CEO of Glencore. While Glasenberg originates from South Africa, he is also a citizen of Australia, Israel, and most recently, Switzerland. Without a doubt, the main reason Glasenberg is an excellent leader is due to his fearlessness when it comes to taking risks. While not all of these risks have paid off, some have, such as creating strategies for Asian markets and stock stability.
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Pullin
ng tin
Written by: Nell Walker Produced by: Anthony Munatswa
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ALPHAMIN RESOURCES
Alphamin Resources is in the process of building a mine on one of the world’s highest grade tin deposits, providing jobs and stability and contributing to sustainable long-term development for locals in a country that has suffered conflict for many years.
M
auritius-based mining company Alphamin Resources bought and began developing at the Bisie tin project in 2011. The company is listed on the Toronto Stock Exchange, and its DRC project holding company has the Democratic Republic of Congo’s government as a 5 percent shareholder with the Industrial Development Corporation as an 11 percent shareholder (expected to soon be 15 percent). Alphamin is developing a mine and processing plant to mine the most developed of its resource targets, Mpama North, and Boris Kamstra, Alphamin CEO, explains its current status: “We completed a feasibility study last month; we are now aiming to
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raise the capital required to build the mine and then start building it,” he states. “We want to be in production by 2018, so my job is to get the money to do that, make sure the team on the ground is doing what it needs to do, and ensure they have what they require to succeed.” Kamstra considers Bisie more than just a mining project: “It’s in the jungles of the Walikale region, which is a region that has had a difficult recent history from which it is now emerging. The mine’s location is very remote, but the potential for Alphamin to materially change the region is enormous. Throughout our management team is a very strong component of wanting to be part of a project that makes a difference which
AFRICA
“Throughout our management team is a very strong component of wanting to be part of a project that makes a difference which ensures that they will make this a success due to the positive impact it’ll have” – Boris Kamstra, CEO
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AFRICAN
Innovate Adapt Lead
2000 wells have been drilled by African Drilling Limited
T +256 75 045 7742 T +256 77 231 6123 E glen@africandrilling.com www.africandrilling.com
With over 30 years African Drilling is your in the African mining e
The quality of our Service in such a tough environment is impressive. However it is the culture of success in African Drilling that sets apart with prioritization on safety and training. African Drilling employs a team of passionate specialists who bring a world of experience, technical knowledge and understanding, and in this requires management to be active in the day to day drilling operations. Our people understand the critical nature of obtaining contaminant free samples that accurately reflect the underlying mineral deposits. Our team understands the time-sensitive nature of achieving Customer deadlines. Our team understand the importance of adhering to our Corporate Responsibility Promise. These skill sets are very difficult to obtain in Africa and a true differentiator of the African Drilling success. We are a leading exploration drilling compan providing responsible solutions for the most extreme mineral and energy challenges in Africa. During our 20 years of experience in Africa we have managed and provided comprehensive turnkey drilling solutions for mineral exploration and speciality drilling need
INTERNATIONAL DRILLING SOLUTIO
Trading as African Drilling Plot No 8004, Kayongo Road, Kisungu Kampala, Uganda
s experience trusted partner endeavours
us . e
African Drilling specialize in the following core services areas • • • •
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Integrated Drilling Solutions Management Project Management Geotechnical Construction Drilling Production, Dual Wall Reserve Circulation Drilling, Diamond Core Drilling, Large, Diameter Core Drilling, Percussion Hammer Drilling, Mud Rotary drilling, Flooded Reverse Circulation Wedging, directional, non-directional, navi drilling, mud deflections, window deflections Core sampling in difficult ground conditions, with mud technicians onsite, gas sampling, packer testing and SPT. All types of surveys (gyro and magnetic) and orientation Rig Management Support and Maintenance Contract Labour Logistics, supply chain and transportation
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DR CONGO - Office Address
Commune De Goma, Q.Les Volcans, Karisinbi No 3 Goma DRC +243 81 564 7759
ALPHAMIN RESOURCES
1981 The year Alphamin Resources was founded
ensures that they will make this a success due to the positive impact it will have, and how we reduce the challenges in front of us. “Building and operating a mine at Bisie will not be a simple operation, one has to think through all of the potential issues one may have to confront and develop plans to deal with them. There are no other projects in the world I can think of that have the combination of extraordinarily positive project fundamentals, and a whole development impact attached to it along with many challenges and opportunities. It’s actually a draw for employees and community members sensing economic development; a lot of people
“There are no other projects in the world I can think of that have the combination of extraordinarily positive project fundamentals, and a whole development impact attached to it along with many challenges and opportunities” – Boris Kamstra, CEO
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MINING
have approached us wanting to be part of this.” Within the latest arm of Alphamin’s tin mining project operating between 2017 and 2018, a processing plant will be built to produce around 9,000 tonnes of tin in concentrate per year. The company has had to adopt a unique approach to its supply chain due to the remote location: “It’s a little tricky in that many of the roads we are going to be using are not passable by your average truck,” says Kamstra. “So what we are planning to use is a shunt system. “We’ll have six-by-six or eight-by-eight militarytype vehicles that can carry a 20-tonne container,
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ALPHAMIN RESOURCES
AFRICA
Alphamin’s Bisie Camp Annotated
ALPHAMIN RESOURCES
AFRICA
and this will run between a suitably located depot and the mine. We are going to have to consolidate all our supplies and logistics at one depot, and that will be everything from diesel right through to consumables. These will then be packed into specially designed containers for the trip to the mine. Once unloaded they will return with twenty tons of tin concentrate packed into them.” According to Kamstra, logistics and transport are less important than they would be for less valuable materials which require efficient bulk transport systems. “We manage logistics in a pretty basic and fundamental way,” he says. “We’re using a combination of existing technologies and readily available solutions in the area, and we incorporate the relevant ones that work for us into our operational plan.” Far from wishing to corner the DRC market for itself, Kamstra hopes that Alphamin will prove to be a catalyst for other companies
to come to the area: “If other businesses come in, that’s to our advantage and to that of the North Kivu province. The more companies you have operating, the more business will emerge. This has multiple effects in terms of economic activity; it’s like a snowball. It continues to roll and makes everything easier for everyone. “We are in the tin market because we believe the price pressure for tin is going to come from the supply side rather than the demand side. The reason for that is historic; tin was largely a forgotten commodity until its incorporation into solder, and it’s rather tricky to find economically viable deposits of tin. Prices have flown up recently; they did die down a little reaching a low point at the beginning of the year, but we’re delighted to see they have started to improve recently. “It is estimated that the industry needs tin prices of about $22,000 a tonne in order to provide sufficient feed from 2018 onwards, because
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ALPHAMIN RESOURCES
“We are developing a secure supply of fundamental material, our customers have to expend almost zero money ensuring it’s conflict-free” – Boris Kamstra, CEO other projects that are waiting in the wings require that kind of price to get going. However, we’re doing okay at the current pricing. It gives us a robustness and ability to absorb market gyrations which makes for a very nice business model while we move into production before 2019.”
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The DRC, Kamstra explains, is an incredibly wealthy area from a natural resource perspective. “Mining, hydrocarbons, agriculture, forestry, fresh water for cultivation and hydroelectricity – it has everything in abundance. However, when the US conflict mineral
AFRICA
legislation came out in 2010, the informal tin mining industry in the DRC collapsed because they could not get decent prices, as the material was not certified as conflictfree. Despite this potential wealth, very little benefits of mineral extraction have reached local populations historically in the DRC, and especially from recent illegal artisanal production of conflict minerals. Therefore Alphamin has committed to a relatively strong community social investment of 4 percent of operating expenditures to be invested in local economic, health, education and social infrastructure through a community-driven not-for-profit. “Alphamin can offer absolutely clean, 100 percent certified conflict-free tin from this region, so our end users will be assured of a continued supply of tin, which is something a lot of people are getting worried about and that it will be easily verifiable as conflict free. We are developing a secure supply of fundamental material for the modern economy, our customers will have to expend almost zero money ensuring it’s conflict-free, and by purchasing the product, they are materially improving the lives and general wellbeing of the local people. That’s a high-value proposition for the tin industry in general and certainly for most end users.”
350 The total number of staff employed by Alphamin Resources
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PERU’
STRATE
Bradley MDH to set extraord excavation in
Written by: Mateo Rafael Tablado Produced by: Jassen Pintado Interviewee: Ian Carlo Venero, CEO for Bradley MDH
’S
EGIC ALLY IN MINING
counts on exclusive machinery and qualified personnel dinary standards in large-scale drilling and mining Peru.
BRADLEY MDH
M
ining is one of Peru’s most dependable sectors, with companies relying on important allies to make the most out of every operation. Bradley MDH has provided drilling, excavation, engineering and tunnel construction services for this sector since 1994. More than 90 mining companies – both domestic and foreign – have hired Bradley MDH for Peru’s most important projects. The company’s exclusive machinery allows for specialized procedures such as diamond drilling and custom-made products adjusted to Peru’s terrain and geography.
Bradley MDH holds proprietary technology in Peru
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L AT I N A M E R I C A
Since no other organization offers a training program for diamond drilling, Bradley MDH has become the unofficial academy for this specialized task in recent years, to the point that Peruvian diamond drilling operators are frequently sought-after professionals in the surrounding countries’ mining activities. Bradley MDH is also certified under ISO 14001 and OHSAS 18000 standards. “The most important thing about being certified is not just its meaning as an achievement for our management team, but the fact that every project we’ve been involved with has been certified also,” shared Ian Carlo Venero, CEO for Bradley MDH. Venero graduated in international business management from San Martín de Porres University (Peru). He also obtained an MBA from the Pontifical Catholic University of Peru’s Business School and a Masters in finance from the University of the Pacific Ocean (Peru). He also took other postgraduate studies at the Pacific Language Institute (Canada), and the ADEX Institute (Peru). Venero has worked for Bradley MDH since January 2008. At the mining sector’s service Bradley MDH is the go-to company for specialized mining operations in Peru. It w w w. b r a d l e y m d h p e r u . c o m
Key People
Ian Carlo Venero CEO for Bradley MDH Venero graduated in international business management from San Martín de Porres University (Peru). He also obtained an MBA from the Pontifical Catholic University of Peru’s Business School and a Masters in finance from the University of the Pacific Ocean (Peru). He also took other postgraduate studies at the Pacific Language Institute (Canada), and the ADEX Institute (Peru). Venero has worked for Bradley MDH since January 2008.
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BRADLEY MDH currently provides services to Minera Corona, in the Yauricocha Mine (province of Yauyos ). It also provides assistance in the Orcopampa Mine for Minas Buenaventura Company; in the Pecoy project for Pembrook Mining; as well as for Lunding Mining, the Minera Tumipampa Company, and other projects distributed in Peruvian geography, making it clear
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L AT I N A M E R I C A
that Bradley MDH caters equally to foreign and national companies. The company has a plentiful machinery fleet, with 52 hydraulic drilling machines, 23 machines for deep, surface and interior drilling, compressors, and tractors, along with other specialized equipment. Benchmarking technology A common feature in Bradley MDH equipment is mobility, able to be modified and transported
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BRADLEY MDH
Diamond drilling, key service in Bradley MDH’s offer
into difficult to access locations; some of its punching machines are lightweight enough to be transported by helicopter. Las Bambas mining project
The company’s new machinery acquisitions include “rod feeders,” which can be operated via remote. Rod feeders are not currently available in Peru, but Bradley MDH has imported them at the request of clients. Accounting and management departments rely on Exactus ERP software; meanwhile, field operations are monitored from a remote control system, enabled to provide daily reports and data on each project’s progress.
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L AT I N A M E R I C A
Bradley MDH stands out for the unique equipment included in its machinery fleet
Purveyors able to meet every demand There are outstanding points in Bradley MDH’s supply chain management. Regular field activities require special, certified metal pipes, manufactured with high quality steel; these are imported from Canada. All material must pass quality control testing at the company’s facilities in Lima. Bradley MDH brings its suppliers to Peru to get to know the particular terrain in the country’s mining areas. This effort has resulted in new designs for diamond drilling equipment, one needed in Peru’s territory for better performance.
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“We have worked in the most important
mining projects
in Peru” – Ian Carlo Venero, CEO for Bradley MDH
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April 2016
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{
BRADLEY MDH “We bring our suppliers here to identify the equipment we need, and also for them to experience the kind of performance we need from these consumables,� Venero said. Staff in permanent development and for exploration Before Bradley MDH put down roots in Peru, there was no technical preparation for drilling in the country. Once the company emerged in 1994, it began training Peruvian workers who later became certified drillers. Now, Peruvian drillers are sought-after to work in surrounding countries
The company stands out for training drilling professionals whose skills are sought after in surro
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April 2016
}
L AT I N A M E R I C A
such as Colombia and Ecuador, since Canadian and other international mining companies are aware of their skills and efficiency. “Having previously trained efficient drillers is one of our most outstanding achievements. The core of our mining professionals was developed within our company,� the executive said. The company provides continual training for all its personnel, in areas such as security, environmental protection, logistics, storage, maintenance, and other areas.
ounding countries’ mining operations
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BRADLEY MDH
Since 1994, more than 50 domestic and foreign mining companies have relied on Bradley MDH for operations in Peru 56
April 2016
L AT I N A M E R I C A
Community and environmental affairs Compliance with international standards such as ISO and local mining regulations are the starting point for Bradley MDH’s actions toward sustainable development. The company has developed portable equipment, able to have a lesser impact on the environment. In every operation involving Bradley MDH, the company approaches neighboring communities, recruiting locals for mining activities and sourcing local businesses for employee catering and other services.
“We are the largest
drilling company
in Peru, we are
pioneers in diamond drilling”
Bradley MDH engages in activities involving surrounding communities
– Ian Carlo Venero, CEO for Bradley MDH w w w. b r a d l e y m d h p e r u . c o m
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L AT I N A M E R I C A
Company Information
Projections The company is aware of the market’s current status regarding the price of commodities, but a settling point is in the foreseeable future. Bradley MDH expects market activity and recovery after the El Niño weather pattern comes to an end by mid-2016. Year-end projections for revenue include a 20 percent increase over 2015, with preparations to work abroad in the short to mid-term. “We are currently working in the company’s internationalization as well as in our team’s and equipment’s improvement areas,” the executive said.
NAME
Bradley MDH INDUSTRY
Minería: servicios de excavación, perforación, túneles, ingeniería HEADQUARTERS
Lima, Lima, Perú FOUNDED
1994 EMPLOYEES
290 REVENUE
US $100 million WEBSITE
www.bradleymdhperu.com
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