Sophie Boisvert VP Resources and Industry
NORDA STELO
"Because we have invested in the development of our niche expertise in certain areas, we are well-positioned to collaborate with other firms to handle significant portions of major projects."
Can you introduce Norda Stelo and how you service the mining industry in Québec?
Celebrating its 60th anniversary, Norda Stelo holds the distinction of being the first Canadian engineering consulting firm to achieve B-Corp certification and strongly emphasizes serving the mining sector. Our primary focus lies in brownfield projects, where we dedicate ourselves to ensuring asset integrity and optimizing operational efficiency. Most of our current work is focused on the operational stage. At the moment, we are not undertaking large projects independently. Because we have invested in the development of our niche expertise in certain areas, we are well-positioned to collaborate with other firms to handle significant portions of major projects.
Norda Stelo places significant emphasis on fostering enduring partnerships with industry leaders like Rio Tinto Group, with which we have worked closely, serving as one of their preferred suppliers for engineering services in North America for 25 years. What will the acquisitions of CWA Engineers and InnovExplo bring to Norda Stelo?
Our strategic vision prioritizes projects that span from “site-to-port”, where we aim to provide end-to-end solutions that encompass the entire lifecycle of mining operations, from exploration to transportation and distribution. By strategically acquiring CWA, a renowned firm specializing in bulk material handling and capital project execution, we are poised to address the industry’s challenges comprehensively. This acquisition is pivotal in harnessing synergies that leverage Norda Stelo's core strengths in ESG and asset management, harmonizing them with CWA's well-established legacy of engineering solutions catering to diverse terminal configurations and throughputs.
Acquiring InnovExplo marks a significant step in Norda Stelo's strategy to forge a new vanguard in the mining industry, delivering an integrated suite of services across the entire value chain of critical, strategic, and precious metals, as well as industrial minerals, essential to the energy transition. Can you introduce the Stelar platform, and discuss the digital transformation of mining companies?
Our recently launched Stelar platform is becoming pivotal for mining companies, although the industry's overall digital maturity may vary. The Stelar platform serves as an asset health information center. This platform aids decision-making by providing comprehensive insights into asset conditions, risks, and recommended maintenance, repairs, or refurbishing actions.
We are witnessing a gradual shift towards AI adoption, aiming to enhance efficiency and data utilization. Currently, our firm is leveraging AI in various capacities, particularly in data analysis and decision support. Over the years, AI adoption has transitioned from a conceptual phase to a practical investment for companies. There is a growing recognition of its potential to address workforce shortages and improve operational efficiency. In the engineering consulting sector, AI's role is shifting towards complementing human expertise rather than replacing it entirely. Sustainability and technological integration are central pillars of our strategic vision. We are actively developing solutions like the Carbon Footprint module for Stelar to aid in carbon footprint calculations and integrate environmental considerations into mining operations. How is the shifting demand for commodities influencing your firm's growth strategy?
We recognize the importance of asset integrity and sustainability in this dynamic landscape. For instance, while lithium exploration remains a focal point, we are also attuned to the broader implications for asset management and sustainability throughout the commodity lifecycle. Our strategic approach encompasses understanding the intricacies of critical assets, ensuring their ongoing health, and optimizing investments for sustainable operations. How can more women access top jobs in the mining industry?
Over my career, I have seen progress in women accessing top mining jobs, although challenges remain. I have always focused on proving my technical prowess to gain respect. Initially, I faced biases, but over time, I embraced the label of being resilient. Today, I hope young women entering the field will not face the same obstacles. Mentoring and supporting each other is key, regardless of cultural background, as we strive for greater inclusivity and success. What are the key priorities for Norda Stelo going forward?
We aim to strengthen our material handling, geology, and mining site development capabilities. Additionally, we are keen on partnering strategically to enhance our offerings. In the longer term, we aim to expand into specific areas like chemicals, manufacturing, and possibly battery-related projects. Our overarching goal is to align with our guiding principle, the North Star, signifying our commitment to growth and adaptation in a dynamic industry landscape.