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Article

Mining for leadership with lean management

Three executives at one of the world’s most unusual mining operations describe how even in a highly unpredictable context, lean management improves not just productivity, but also how people lead.

Article

How miners can get real value from centers of excellence

Many mining companies have set up centralized groups with the aim of ensuring compliance to global standards, promoting operational excellence, and sharing core expertise. But such centers of excellence (COEs) often prove ineffective.

Article

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

Article

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.

Article

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.

Article

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.

Article

MineLens Insights: Treasure hunters

Low equity prices may offer important M&A opportunities for the mining industry

Article

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.

Infographic

World wide mining performance at a glance

In order to be cost competitive high income countries must focus on labor productivity, while low income countries must balance cost efficiency with high equipment performance

Infographic

Improving five major delays to top quartile could increase production or result in parking fleets

Our analysis, in the infographic below, shows that improving five major delays to top quartile could increase production by 10- to 13% or reduce truck requirements by 4 to 10%

Infographic

China Steel Scrap Supply

Our analysis shows expected steel scrap oversupply in China (in the base case scenario) of 160-270 million metric tonnes by 2035 and highlights scenarios to tackle the scrap balance. For more information on China and global scrap or broadly, to discuss steel making raw materials dynamics, please contact MineLens@mckinsey.com.

Infographic

Imbalance in the mining industry

Continued grade decline in the copper industry may reduce supply and increase costs in the future

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Equipment uptime

Operators should evaluate if they are getting enough equipment uptime for their maintenance dollar spend

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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

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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.

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Reversing the Mining Productivity Decline

Between 2004 and 2014, global mining productivity has fallen 33%, even after accounting for geological degradation

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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.

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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.

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Using MineLens data to observe labor productivity

Labor productivity differs dramatically across regions creating opportunities for significant improvement.

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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.

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Insights on tire life

Ultra class haul trucks have the shortest tire life, while smaller haul trucks show the largest variation in tire life.