Barrick Gold's digital reinvention taking shape in Nevada desert
Nevada
ELKO, Nevada is no Silicon Valley.
Yet it's here, in an unremarkable warehouse in the foothills of the Ruby Mountains, that Barrick Gold Corp has created an in-house coding hub to design software for its nearby Cortez operation - one step in its plan to use technology to revolutionise the business. From underground Wi-Fi to sensors that track the output of every miner, it's all part of what Cisco Systems Inc executive chairman John Chambers calls an "audacious goal" by his Barrick counterpart John Thornton to drag gold mining into the 21st century.
It's been 13 months since Mr Thornton, 63, first unveiled his vision to team up with Cisco and transform Barrick's Nevada operations into a high-tech blueprint for the rest of the company. While chief operating officer Richard Williams is "exceptionally pleased" with progress, it's been slower than expected, he told analysts o…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Even without war in the Gulf, pricier petrol is here to stay
Gold gains as Middle East tensions lift safe-haven appeal
‘No trade war’, says Biden, pushing to triple tariffs on Chinese steel
Oil falls over US$1 as demand worries outweigh Middle East supply risks
Liberalise South-east Asia’s energy sector to attract more private finance: BlackRock official
First Resources denies allegations of links to firms clearing forests in Indonesia