
Cost savings: Identifying large savings, to kick start a long term transformation program
Challenge:
A large US mining and metal company needs to improve its financial situation and implements a large transformation program
Our Approach:
- MineLens was part of a wide and long term transformation program
- In a first step, MineLens covered the mining activities
- Drill & Blast
- Loading
- Hauling
- In a second step, MineLens covered pelletizing plant crushing and milling activities, by using standard MineLens approach and advanced analytics methods
Results:
- MineLens first identified an opportunity to increase mining throughput by 24% and reduce costs by $20 – $60M
- Additionally, by focusing on crushing and milling, MineLens identified an additional opportunity to increase throughput by 7% and reduce crushing and milling cost by $14M
30+
US$ Mn in annual savings in 6 months
“Many thanks, the level of detail in the report is impressive”