The World Economic Forum in January 2017 highlighted that digitization in the mining industry has the potential to deliver over $425 billion in shareholder, customer and environmental value by 2025. Much of this value will come in the form of optimized operational effectiveness, increased productivity, and enhanced safety.
However, with increased opportunity comes inherent uncertainty, and Ernst & Young has identified digital effectiveness as the top risk currently facing the mining and metals sector. Realizing the value of digitization requires strategic planning, strong industrial partnerships, realignment of culture, and appropriate selection and deployment of digitization technologies.
Most mining companies are either actively engaged or in the process of evaluating how best to optimize their operations by leveraging digitization to drive efficiencies and remain competitive. Many however have yet to travel very far down the digitization path and are uncertain on where to start or..

• Close collaboration enabled on time delivery of a highly complex project in a challenging environment
• The project significantly strengthens the reliability of Manitoba's electricity supply
• Bipole III is a 2,000 MW HVDC project enabling transmission of renewable energy via almost 1,400 kilometers
The consortium of Siemens and Mortenson has successfully completed the ± 500-kilovolt (kV) Bipole III high-voltage direct-current (HVDC) power converter stations for customer Manitoba Hydro. The HVDC converter stations are an integral part of the Manitoba Hydro Bipole III transmission project.

• Ambition to further accelerate joint business
• Successful strategic alliance with Bentley Systems, which started in 2016, to be further expanded
• Joint investment initiative extended by an additional €50 million, totaling €100 million
In the companies' latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. The two companies have decided to extend their existing agreement, to further develop their joint business cooperation and commercial initiatives.

2018-08-22 –

• Maier to succeed Klaus Moosmayer, who is leaving the company as of November 30, 2018
Martina Maier (51) has been appointed the new head of the global Compliance Department at Siemens AG. Maier, who currently heads Siemens' Competition Department, will assume the position of Chief Compliance Officer on December 1, 2018. This position has been held since 2014 by Klaus Moosmayer (49), who is leaving the company at his own request.

• Siemens to supply SISHIP BlueDrive integrated energy and propulsion system
• Partnership between Siemens and PowerCell Sweden AB
• PowerCell, as a producer of fuel cell modules, to provide integrated systems
• Planned collaboration for maritime energy systems based on fuel cells
Siemens and Power Cell Sweden AB, a Swedish producer of fuel cell modules, are to enter into a partnership in order to drive forward the integration of fuel cell modules in shipping. The aim of the collaboration is to develop an energy supply system for vessels which is based on fuel cells. Siemens will supply the SISHIP BlueDrive integrated energy and propulsion system into which PowerCell will install its fuel cell modules. Possible joint projects could include energy supply systems for ferries, yachts, cruise ships and research vessels.

• On a nominal basis, orders climbed 16% to €22.8 billion driven by a higher volume from large orders, while revenue came in at €20.5 billion, 4% lower than the prior-year quarter due primarily to currency translation effects; the book-to-bill ratio was 1.11
• Industrial Business profit was up 2% at €2.2 billion and Industrial Business profit margin was 10.7%; excellent performance by Digital Factory and improvements in many Divisions partly offset by a sharp decrease in profit and profitability at Power and Gas
• On a comparable basis, excluding currency translation and portfolio effects, orders rose 21% and revenue was level with the prior-year period
• Net income of €1.2 billion was held back by substantially higher income tax rate compared to Q3 FY 2017, which also benefited from positive effects in Centrally managed portfolio activities; basic earnings per share (EPS) of €1.36 compared to €1.67 in Q3 FY 2017
“Our global team delivered a strong quarter, highlighted by outstanding order intake, outperforming the market. We diligently address our opportunities and challenges going forward,” said Joe Kaeser, President and Chief Executive Officer of Siemens AG.