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Minelens Banner Bg 1 Short

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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”