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