Robots to take 500,000 jobs

Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 10-Dec-14

The Department of Industry’s "Australian Industry Report 2014" suggests that many white-collar jobs that involve routine tasks could automated in coming years. These include roles such as accountants, bank tellers, supermarket cashiers and pharmacists. Some 78.6 per cent of people in roles that are risk from automation hold a university degree. A report in 2013 found that around 47 per cent of jobs in the US could potentially be replaced by automation

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIA. PRODUCTIVITY COMMISSION, OXFORD UNIVERSITY. OXFORD MARTIN SCHOOL

Autopilot anger over BHP’s robots

Original article by Matthew Stevens
The Australian Financial Review – Page: 32 : 14-Nov-19

Politicians and union leaders responded with somewhat predictable outrage to BHP’s plans to fully automate the fleet of haulage trucks at its Goonyella coal mine in Queensland. However, the move to driverless trucks should not have been a surprise, given that BHP has been actively deploying the technology at its Pilbara iron ore mines in recent years. The BHP Mitsubishi Alliance has also consulted with Goonyella’s workforce and the local community with regard to the automation strategy, while it has committed to creating additional jobs as well as retaining all current employees.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND

BHP’s robot trucks head to coal mines

Original article by Nick Evans
The Australian – Page: 17 & 24 : 13-Nov-19

BHP has advised that it will commence the roll-out of driverless haulage trucks at its Goonyella Riverside coal mine in 2020. The resources giant will eventually operate a fleet of 86 autonomous trucks at the mine, but it has stressed that the move will not result in any forced redundancies. BHP already uses driverless trucks at its iron ore mines in the Pilbara, but Goonyella will be the first large-scale use of the technology in the coal sector.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, WHITEHAVEN COAL LIMITED – ASX WHC

BHP calms fears over automation

Original article by Nick Evans
The Australian – Page: 22 : 4-Apr-19

BHP, Rio Tinto and Fortescue Metals Group are ramping up their investment in technology, including driverless trucks and automated drilling rigs. However, BHP executive Rag Udd has told a conference in Brisbane that Australia is underperforming with regard to the adoption of robotics. He said the nation has about 0.6 robots per thousand employees, compared with the OECD average of 1.61. Udd also argued that the growing tend toward technology in the mining sector creates new jobs and safer jobs rather than fewer jobs.

CORPORATES
BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Rio head says the public does not trust miners

Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 10-Dec-18

Chris Salisbury, the head of Rio Tinto’s iron ore division, notes that many Australians do not trust the mining sector, while many are not aware of Rio Tinto’s contribution to the domestic economy. He says the resources group contributed $42.7 billion to GDP in 2017 and paid some $5bn in taxes and royalties. Meanwhile, Rio Tinto expects to meet its deadline of 31 December to fully implement its AutoHaul project in Western Australia.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, WESTERN AUSTRALIAN MINING CLUB, WESTERN AUSTRALIA. DEPT OF ENVIRONMENT AND CONSERVATION, HITACHI LIMITED, ANSALDO STS, ERNST AND YOUNG

Forrest says Fortescue will embrace new energy, AI

Original article by Peter Ker
The Australian Financial Review – Page: 22 : 16-Nov-18

Fortescue Metals Group chairman Andrew Forrest says the pure-play iron ore miner views thermal coal as a 20th century energy source and it will only invest in "new energy". Forrest adds that Fortescue is also committed to investing in automation and artificial intelligence, and says such technology should be embraced rather than feared. Fortescue is deploying automated haulage trucks at its iron ore mines in the Pilbara. A decision on a proposed expansion of its Iron Bridge magnetite concentrate joint venture is expected by the end of 2018.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, CHINA BAOWU STEEL GROUP CORPORATION LIMITED, FORMOSA PLASTICS CORPORATION

BHP enters NBN debate as data demand soars

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 2-Nov-17

BHP Billiton is embracing technology such as automation and telematics, which in turn is increasing the amount of data and bandwidth it uses, says chief technology officer Diane Jurgens. She adds that BHP uses both its own data networks and the national broadband network. Jurgens advocates using fibre-to-the-premises for the NBN, arguing that doing so is an investment for the long-term, as demand for bandwidth is set to increase exponentially. Meanwhile, BHP plans to deploy driverless trains on its Pilbara iron ore rail network, a process that Jurgens says will take at least 12 months.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

Senate inquiry to look at job hit from robotics

Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 26-Oct-17

Labor’s Murray Watt will chair a Senate inquiry that will examine the impact of technologies such as automation and robotics on the Australian labour market, society and the broader economy. Ed Husic, the shadow minister for the future of work and the digital economy, has estimated that these technologies will affect the jobs of some 3.5 million Australians. He has warned that the Coalition is not doing enough to prepare the nation for the impact of technology-driven change.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEW SOUTH WALES. DEPT OF EDUCATION AND COMMUNITIES, AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. PRODUCTIVITY COMMISSION

Robot train glitches hit Rio output

Original article by Amanda Saunders
The Australian Financial Review – Page: 17 & 22 : 20-Apr-16

Rio Tinto has advised that its global iron ore shipments for the March 2016 quarter totalled 80.8 million tonnes. Shipments from the Pilbara region of Western Australia rose by 12 per cent year-on-year to 79.9 million tonnes. Meanwhile, Rio Tinto expects iron ore production in 2017 to be within the range of 330 million to 340 million tonnes, which represents a decline of up to 20 million tonnes. The lower guidance is said to be linked to problems with its Autohaul driverless trains project.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, DEUTSCHE BANK AG

Insurance jobs under threat from technology

Original article by Ruth Liew
The Australian Financial Review – Page: 25 : 8-Dec-15

Suncorp Group executive Darren O’Connell notes that the growing use of automation in the insurance sector has resulted in the elimination of entry-level jobs in the underwriting industry. He says this will result in a dearth of underwriters with expertise across the industry as older staff retire and their skills and knowledge are lost. O’Connell argues in a research paper that technology can never completely replace people in the underwriting industry, and insurers should reconsider their recruitment procedures.

CORPORATES
SUNCORP GROUP LIMITED – ASX SUN, SWISS RE AUSTRALIA LIMITED, IBM CORPORATION