This is Part 1 in a series of Mining Execution Excellence by Mark Bese, Natural Resources Senior Industry Marketing Manager.
Mining company profits are being pressured by the uncertainty that remains in the global economy and by a cost and profitability curve that has grown tight over the past twenty years. This is why it is critical Operational Stability – the predictability of expected mine production, costs, and performance levels – be attained. Getting there requires mining and plant processing activities function at higher levels of productivity and efficiency so that conformance plan is always realized.
The quickest avenue to improved Operational Stability begins with reducing the variability in the planning and execution of mining and processing. This requires comprehensive planning, optimized scheduling, and disciplined work management.
Stability increases throughput, reduces waste and associated costs, and ensures production and quality targets are met. The key lies in harnessing operational data. While “big data” may be produced in mining in terms of volume, it must become visible, analyzable, and it must be made actionable to executives, mine management, and frontline workers. If it is, the path to Mining Execution Excellence, and eventually Business Agility, is paved. As we will see, enabling technology is one of the most important requirements to begin the journey.
For more information, download our FREE Whitepaper The Path to Mining Execution Excellence. Be sure to check back later this month for Part 2 in the series.
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