20 www gbr eports c om Glob al Business R eport s PRERELEASE ONT ARIO MINING 2018 Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE M in in g In n o v at i o n D i s r u p t i n g t h e I n d u s t r y On Sep t ember 12th 2018 Barrick Gold Corpor a tion announc ed it will elimina t e the ex ecutive r ole of Chief Innov a tion Ofic er as p art of a br o ad dec entr aliz a tion push Whils t adding tha t the y will c ontinue t o work on innov a tion this ne ws is in line with the tr end of major mining c omp anies op ting t o r ely on the ser vic e indus tr y f or the de velopment and pr ovision of ne w t echnolog y Junior mining c omp anies f ac ed with s tif c ompe tition f or funding fr om the c annabis indus tr y and with c ommodity pric es dipping in r ec ent months have also had t o look f or innov a tive ne w me thods t o drive down c os t s and incr e ase pr oduc tivity The epic ent er of this w ave of innov a tion c an be f ound in the small mining t own of Sudbur y Northern Ont ario Worldr enowned as the ser vic e and supply hub of Ont ario mining Sudbur y is also home t o a ple thor a of small and medium ent erprises SMEs and or g aniz a tions spe arhe ading a t echnologic al r e volution tha t is changing the w ay we mine A trip t o the NORCA T Under gr ound Centr e a t the F ecunis mine in Onaping Ont ario allows visit ors a snapsho t of the futur e The most v aluable asset that w e hav e is time and the mining industr y squanders a gr eat deal of it It is essential that w e adopt a systems appr oach to inno v ation if w e ar e to make the tr ansition fr om batch pr ocesses to continuous pr ocesses Doug Morrison CEO of CEMI Centre for Excellence in Mining Inno v ation and UDMN Ultr aDe ep Mining Netw ork IM A GE Courtesy of Pure Gold Mining