Rio Tinto and iGATE Patni Join Hands to Enable 'Mine of the Future(TM)'
March 27 2012 - 4:30AM
Rio Tinto, one of the world's leading mining companies, and iGATE
Corporation (Nasdaq:IGTE), the first integrated Technology and
Operations (iTOPS) company, providing Business Outcomes based
solutions under the brand iGATE Patni, today announced an
innovation partnership that will exclusively focus on creating next
generation technologies and contribute to global growth and
development of Rio Tinto's 'Mine of the Future™'
program.
Highlights of the Partnership
- First-of-its-kind innovation partnership in the mining industry
where Rio Tinto will leverage iGATE Patni's technical capabilities
to accelerate technologies globally in the mining industry
- Rio Tinto expects to spend approximately $60 million - $80
million over the next five years proportional to the outcomes
delivered out of this partnership
- iGATE Patni will provide engineering research and development
services, including industrial automation and control, software and
embedded design and development to Rio Tinto to facilitate the
Mine of the Future™ program
- The engagement with iGATE Patni will enable Rio Tinto to
deliver greater operational efficiency, improved health, safety and
environmental performance in the mining industry
- The partnership envisions demonstrating improvements to mining
processes that include unprecedented levels in automation, and
remote operations that will revolutionize the way mining has been
conducted so far
Rio Tinto Innovation Center
- Rio Tinto inaugurated a strategic state-of-the-art Innovation
Center in iGATE Patni's facility in Pune, India
- Managed by iGATE Patni, the Rio Tinto Innovation Centre (RTIC)
will play a crucial role in facilitating and leveraging next
generation automated technologies for mining operations
- The innovation center will have about 300 skilled engineers
focusing on disciplines such as image processing, advanced data
mining and analytics, automation and control systems, human factors
design and logistics
- RTIC will build on the work of Rio Tinto's established Centers
of Excellence in Australia, Canada and the United Kingdom to
deliver the technologies they have developed to Rio Tinto
operations across the globe
Rio Tinto head of Innovation John McGagh, Rio Tinto India
managing director Nik Senapati, iGATE Patni Chief Executive Officer
Phaneesh Murthy and iGATE Patni Executive Vice President and Head
of Product Engineering Services Satish Joshi presided over an
inauguration ceremony in Pune today to officially open the
RTIC.
Phaneesh Murthy said "We are truly delighted that Rio
Tinto has chosen iGATE Patni as its exclusive partner for this
landmark innovation engagement. I am particularly pleased that our
capabilities in product engineering services have gained increased
acceptance among global companies to bring about innovation in
their business and this partnership is an important step in our
journey to deliver high-impact business outcomes."
"With Rio Tinto and iGATE Patni having invested close to
$3 million in the infrastructure for the RTIC, we are geared to
partnering with Rio Tinto in achieving its vision of providing
unprecedented automation in mining," he added.
Mr. McGagh said "Launching this centre with iGATE Patni
marks an important step in the rollout of our Mine of the FutureTM
program and will help create business value in the mining industry.
This is 'technical capability in-sourcing' through partnership and
will enable us to move our innovations from concept stage to
reality more efficiently through the work of a dedicated team of
specialised engineers. iGATE Patni's credentials and business
capability fits our need for a strong outcomes-driven innovation
partner.
"RTIC will allow us to take a specific technology
developed at our Centres of Excellence, such as the mine automation
system currently in use at our Pilbara iron ore operations in
Western Australia, and adapt it for broader application across our
network of mines," he added.
Satish Joshi said "We are very excited about the
opportunity to partner with Rio Tinto on the development of the
next generation mining technology. Technology being the key to
realise Rio Tinto's vision of enabling safe, productive and
environment-friendly mining, we are eager to cross-leverage our
experience in engineering and technology deployment across diverse
fields such as industrial automation, logistics, imaging and human
factors designs."
Dr. Senapati said "Rio Tinto's relationship with India
extends back more than half a century and will be increasingly
important to our business. Our enduring relationship with India
will be strengthened through our collaboration with iGATE Patni.
This partnership is further demonstration of our long-term
commitment to India and represents a great opportunity to provide
world-class intellectual and technological capacity for the mining
sector in India."
About Mine of the FutureTM
Launched in 2008, Rio Tinto's Mine of the
FutureTM program introduces next-generation technologies
for mining operations that aim to reduce costs, increase efficiency
and improve health, safety and environmental performance.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered
in the UK, combining Rio Tinto plc, a London and NYSE listed
company, and Rio Tinto Limited, which is listed on the Australian
Securities Exchange. Rio Tinto's business is finding, mining, and
processing mineral resources. Major products are aluminum, copper,
diamonds, energy (coal and uranium), gold, industrial minerals
(borax, titanium dioxide, salt, talc) and iron ore. Activities span
the world but are strongly represented in Australia and North
America with significant businesses in South America, Asia, Europe
and southern Africa.
About iGATE Patni
'iGATE Patni' is the common brand identity of two organizations
— iGATE Corporation and Patni Computer Systems Limited (Patni).
With iGATE having acquired a majority stake in Patni, the two
companies, under the common brand iGATE Patni, jointly provide
full-spectrum consulting, technology and business process
outsourcing, and product engineering services on a Business
Outcomes-based model. Armed with over three decades of IT Services
experience and powered by the iTOPS (Integrated Technology and
Operations) platform, iGATE Patni's multi-location global
organization with a talent pool of 27,000+ people, consistently
delivers effective solutions to over 360 Fortune 1000 clients
spanning across verticals like: banking & financial services;
insurance & healthcare; life sciences; manufacturing, retail,
distribution & logistics; media, entertainment leisure &
travel; communication, energy & utilities; public sector; and
independent software vendors. Visit: http://www.igatepatni.com.
iGATE Corporation is listed on NASDAQ (IGTE), and Patni Computer
Systems Limited on the Bombay Stock Exchange (532517), the National
Stock Exchange of India (PATNI) and NYSE (PTI).
Important Contacts |
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iGATE Patni |
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Media Relations |
Investor Relations |
Prabhanjan Deshpande "PD" |
Araceli Roiz |
Corporate Communication and Media
Relations |
+1 (510) 896 3007 |
+91 80 4104 5006 |
Araceli.roiz@igatepatni.com |
PD@igatepatni.com |
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Follow @iGATEPatni on Twitter |
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Rio Tinto |
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Media Relations, Australia /
Asia |
Investor Relations,
Australia |
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David Luff |
Dave Skinner |
Office: +61 (0) 3 9283 3620 |
Office: +61 (0) 3 9283 3628 |
Mobile: +61 (0) 0419 850 205 |
Mobile: +61 (0) 408 335 309 |
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Karen Halbert |
Christopher Maitland |
Office: +61 (0) 3 9283 3627 |
Office: +61 (0) 3 9283 3063 |
Mobile: +61 (0) 412 119 389 |
Mobile: +61 (0) 459 800 131 |
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Bruce Tobin |
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Office: +61 (0) 3 9283 3612 |
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Mobile: +61 (0) 419 103 454 |
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Media Relations, EMEA /
Americas |
Investor Relations,
London |
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Illtud Harri |
Mark Shannon |
Office: +44 (0) 20 7781 1152 |
Office: +44 (0) 20
7781 1178 |
Mobile: +44 (0)7920 503 600 |
Mobile: +44 (0) 7917 576597 |
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Tony Shaffer |
David Ovington |
Office: +44 (0) 20 7781 1138 |
Office: +44 (0) 20 7781 2051 |
Mobile: +44 (0) 7920 041 003 |
Mobile: +44 (0) 7920 010 978 |
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Christina Mills |
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Office: +44 (0) 20 7781 1154 |
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Mobile: +44 (0) 7825 275 605 |
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Media Relations, Canada |
Investor Relations, North
America |
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Bryan Tucker |
Jason Combes |
Office: +1 (0) 514 848 8151 |
Office: +1 (0) 801 204 2919 |
Mobile: +1 (0) 514 8258319 |
Mobile: +1 (0) 801 558 2645 |
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Website: |
www.riotinto.com |
Email: |
media.enquiries@riotinto.comenquiries.mediaaustralia@riotinto.com |
Twitter: |
Follow @riotinto on Twitter |
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High resolution photographs and
media pack available at: www.riotinto.com/media |
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