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Beyond the supercycle: how technology is reshaping resources
Technological advances will change supply and demand dynamics in the resource sector, raising productivity, increasing energy efficiency, and unlocking value to the global economy in 2035 $900 billion to $1.6 trillion
Productivity at the mine face: Pointing the way forward
In this article, we look at the different strategies mines are employing, the results, and the steps mine managers can take to further improve productivity.
How to create a commercial engine in mining
The top 10 mining companies in the world, have jointly reduced their 2015 capital expenditure and costs of operating by 80 billion US$ when compared to their 2012 levels.
Downsizing the US coal industry: Can a slow-motion train wreck be avoided?
The US coal industry faces not just overcapacity but crippling liabilities that will outlive mine closures. Setting the industry on a viable course will require all stakeholders to step up with new ideas.
MineLens Insights: Treasure hunters
Low equity prices may offer important M&A opportunities for the mining industry
Productivity in mining operations: Reversing the downward trend
With the end of the demand supercycle and the ensuing collapse in profitability, mining companies are shifting their focus from volume growth to productivity.
Imbalance in the mining industry
Continued grade decline in the copper industry may reduce supply and increase costs in the future
Operators should evaluate if they are getting enough equipment uptime for their maintenance dollar spend
Reducing the 5-15 percentage point gap
Our work on mining productivity shows that there is a 5-15 percentage point gap in equipment availability between median and top operators across all regions. Closing this gap can lead to reduction in mining costs
MineLens infographic shows clear link between operating efficiency and equipment capex
Our work on equipment productivity shows that there is a clear link between operating efficiency and capital spend on mining equipment that may be worth tens of millions of dollars in annual spend.
Reversing the Mining Productivity Decline
Between 2004 and 2014, global mining productivity has fallen 33%, even after accounting for geological degradation
Truck availability is not correlated to fleet age
Analysis of more than 3,000 trucks in the MineLens database does not show a correlation between availability and fleet age. Investing in effective maintenance may provide a higher return on investment than buying new trucks.
Mining doesn't use equipment as effectively as other heavy industries
Overall equipment effectiveness (OEE) differs significantly across heavy industries such as mining, oil and gas and steel.
Using MineLens data to observe labor productivity
Labor productivity differs dramatically across regions creating opportunities for significant improvement.
Insights on tonnage improvements
The largest opportunities for tonnage improvements in open pit mines can be realized by improving utilization. Specifically, minimizing "hidden" process delays, can significantly improve tons moved.
Insights on tire life
Ultra class haul trucks have the shortest tire life, while smaller haul trucks show the largest variation in tire life.