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Value beyond cost: Finding additional value after first wave of productivity improvement initiatives

Challenge:

International mining company had undergone a productivity improvement effort at a mine reducing mining cash cost by 15-20% and wanted to identify additional improvement opportunities


Our Approach:

  • Used to model individual site operations through a structured value driver tree connecting financial and operational data
  • Simulated the full potential of sites utilizing internal and external (MineLens) benchmarks
  • Expert visits to run idea generation workshop to address main gaps

Results:

  • Generated granular ideas to close the main performance gaps
  • Recommendations implemented with significant positive impact
  • Potential identified: increase annual ROM ore production by 10-15% and reduction in unit mining cash cost by 15-20%
>10%
additional throughput
>15%
reduction in unit mining cash cost