Technology Enables Transformation in the Mining Industry

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Earlier this year, we shared a video regarding GEOVIA customer Dundee Precious Metals (DPM) “Taking the Lid Off” to control costs and increase productivity.

We are thrilled to see DPM featured in the latest edition of COMPASS, the 3DEXPERIENCE Magazine discussing how technology enables transformation in the mining industry. Here is an excerpt from the article.

The mining industry has some catching up to do, according to Rick Howes, CEO of Dundee Precious Metals. He says that compared to other industries, mining is decades behind in technology adoption. But he thinks mining companies can take control of their operations with a better set of tools and processes.

The days of simply increasing mine production to raise revenues are quickly drawing to a close, said Rick Howes, CEO of Canada-based Dundee Precious Metals. Howes believes mining’s credibility in delivering the business results stakeholders expect is suffering, and technology may be integral to the industry achieving future success.

With costs climbing and the industry hit by a downturn in cyclical metal prices, Howes said mining companies must focus on operational performance and project delivery through attention to detail. “We have to deliver the kind of value our stakeholders – from stockholders to employees to the communities in which we operate – expect,” he said. “Mining has an image and credibility problem that requires new and innovative thinking on how we manage the entire mining asset lifecycle.”

When the 33-year industry veteran became COO and Executive VP at Dundee, one of his first challenges was to revitalize the company’s Chelopech mine in Bulgaria. Under Howes’ direction, Dundee undertook a transformation, called “Taking the Lid Off” to operational performance excellence. Read More

Congratulations to DPM, who recently received the 2013 Ingenious Award from the Information Technology Association of Canada for their innovative use of technology.

Click here to watch DPM’s story.

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When mining companies seek to increase mine productivity, they turn to Dassault Systèmes for technology and services. It is home to world-renowned and award-winning mining solutions and to industry thought leaders who are pushing the boundaries of what’s possible in mining, through the GEOVIA brand. The largest global supplier of mining software, GEOVIA delivers comprehensive solutions in all major mining centers in more than 130 countries at over 4,000 sites.
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