Can you discuss Redpath's operations during 2023 and highlight notable projects in Ontario?

We secured a substantial amount of work, including continuing partnerships with key clients like Glencore, Vale, Newmont and Alamos Gold. We expanded our global presence with new projects in the USA, and additional scope at Oyu Tolgoi in Mongolia and PT Freeport Indonesia. Despite this growth, one of the most significant challenges we are facing is the shortage of skilled labor.

What is Redpath's approach to innovation and technology?

We are continually exploring the latest advancements to enhance productivity, efficiency and safety. Our in-house team of experts is well-equipped to assess and develop technology when needed. For example, we developed technologies to support shaft sinking and raise boring.

The shortage of skilled labor is a critical driver of our investment in technology, particularly autonomous machinery. These machines offer distinct advantages, such as increased productivity as they can operate continuously between shifts and tackle high-risk tasks. Moreover, they exhibit a shorter learning curve compared to human labor. If people are not available, we can use a machine. We deployed autonomous machinery at Newmont and the Haile mine in South Carolina. These technologies are most viable for longer-term projects, as they require infrastructure installation, which can be challenging to justify for shorter-term endeavors.

We are actively implementing technology like digital training initiatives in our operations. Equipment simulators are great because they do not require immobilization of equipment when training new employees. In 2022 we signed a global framework agreement with Sandvik making them our primary equipment supplier. 

How has the global framework agreement with Sandvik progressed, and what benefits will it provide?

We are in the process of transitioning our equipment fleet, with a goal to reach around 80% Sandvik equipment in the Americas market by the end of 2023. This transition brings several benefits, including equipment commonality which significantly enhances efficiency. The partnership offers opportunities for collaborative product development, ensuring access to cutting-edge equipment and technologies that will drive our future success.

What technologies will Redpath deploy to meet the demand in remote regions of northern Canada?

Our extensive experience in operating in challenging environments, including those with permafrost, positions us well to support the increased exploration in colder regions. As exploration projects transition into mine development, technology will play a crucial role in ensuring efficient and safe operations. Technologies like autonomous machinery and other advancements in mining equipment will be pivotal in meeting the growing demand for our services.

How will increasing ore body depth impact Redpath's services?

While shallow ore bodies can be accessed with ramps, truck haulage is not cost-effective for deeper ore bodies. Instead, deeper ore bodies necessitate the construction of shafts. Our expertise in shaft sinking positions us well to meet this demand. We are capable of efficiently handling both shallow and deep shaft projects, ensuring the continued success of our operations.

In terms of safety, the risks of operating in a shallow or deep shaft are typically the same. We recognize those risks and work to mitigate them as best as we can. There is both a moral and operational obligation to ensure people do not get hurt. To stay in business, we must ensure our people are safe.

How does Redpath approach ESG?

Redpath has a formal ESG program with a strong emphasis on the social and governance aspects. While we are committed to environmental responsibility, we are working on better quantifying and documenting our environmental efforts. We are committed to being good corporate citizens and recognize that our clients have the same ESG standards as we do.

What is Redpath’s outlook for 2024?

We anticipate growth in our operations, not just in Canada but also internationally. Our goals include developing the next generation of mining professionals and providing innovative solutions to our clients. We are excited about the opportunities in the industry, but we also recognize the need to address challenges such as the skilled labor shortage and attracting new talent to mining. Our focus is on sustainable growth and remaining at the forefront of the mining sector.