With climbing industry costs and cyclical commodity prices, mining companies must focus on operational performance and project delivery with close attention to detail.
Dundee Precious Metals (DPM) is an innovator in the mining sector. They leverage technology and automate processes to increase productivity in their mining operations; optimizing the value potential of their assets while delivering predictable results.
Their “Taking the Lid Off” project, designed to bring visibility into the darkness of the underground mine, transformed the operational performance excellence of their Chelopech mine in Bulgaria with a goal to double production while reducing costs. DPM wanted to plan, execute and track their progress in real-time. Relying purely on operational improvements, DPM partnered with innovative technology vendors to improve processes and systems, and to better manage shift time — without adding new mobile mining equipment.
A longtime user of GEOVIA GEMS™ geology and mine planning software, DPM turned to GEOVIA InSite™ mine production management software solution and by working in partnership with GEOVIA and other technology providers created complete 3D visibility into their underground mine.
Through this use of multiple technologies and changing internal processes, DPM was able to quadruple production from about 500,000 tonnes a year to nearly two million, and achieved a 44% improvement in unit cost.
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