When you google: “World’s best gold mines” (or any other type of mine) you typically get back a list of the world’s largest mines in terms of annual gold production. While this is no doubt a useful measure, it only captures one aspect of what makes a mining property desirable...
While more NPV is better (all else being equal) this calculation is only meaningful relative to the cost of acquiring the operation in the first place or the price for which it could be sold. So in this article (Part 2 of 3) we have segmented the landscape into four quadrants each with a distinct ownership philosophy and set of implications for operational improvement...
For irregular manufacturing processes, inspiring productivity through performance measurement can be very difficult because a single, meaningful unit of output is much more challenging to devise. As the combination of production activities constantly changes, no consistent baseline emerges against which improvements can be measured. As such, the full creative potential of workers may be left untapped. How can leaders in irregular manufacturing create comprehensive and meaningful metrics to track progress?
Integrated mine planning consumes tremendous amounts of organizational resources and management attention. Yet the resulting plans often fail to provide complete confidence that the ore body is being extracted optimally.
By creating a Mine Plan Radar for your operation you will have a clear, visual representation of the alternatives in front of you, allowing you to simplify a complex reality and provide confidence in your operational plans and allocation of capital.
On August 5, 2010, a mine collapsed in Chile’s Atacama Desert, trapping 33 miners more than 2,000 feet underground. Nineteen days later, as rescue crews grew desperate, a 24-year-old field engineer named Igor Proestakis decided to travel to the site with what he hoped was a breakthrough idea: using a particular drilling technology, called cluster hammers, to cut through the collapsed rock.
Times are tough right now for miners and energy producers. China’s economy, as well as many others, have slowed and commodity prices are at their lowest level in almost a decade. Once healthy margins are tight or have vanished altogether, projects that met hurdle rates are less attractive or viewed as nonviable, and long-term plans are being questioned.