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Impact Story - Value-creation road map

Combining analytics with significant site presence to create long-term impact

Challenge

A large Australian company needed to improve its financial situation and implement a large transformation program across multiple sites.

Approach

MineLens benchmarks compared the mine’s current equipment, labor, and cost performance with those of its peers so that improvement opportunities could be identified, quantified, and prioritized:

  • MineLens was used to provide a baseline consistent across sites and to identify potential improvement areas to support initiative generation
  • Expert site visits and interviews ensured that the technical complexities of the pit were incorporated into the analysis
  • MineLens experts participated in workshops and sessions with operational teams

Results

MineLens provided the operation with valuable information:

  • A compilation of a transformation plan with actions, targets, and impact
  • MineLens report that could be quoted for reference at the site in the future
  • Constructed value-driver trees that showed impact and provided the potential to run what-if situations
  • A fast understanding of mining processes and areas to dive into and investigate
  • Support for “across sites” ideas, sharing within the group

By the numbers

8-15%

annual increase in run-of-mine production

$145.2M

reduced total costs across all site

“The report was great, but what made it awesome was to have you guys on site.”

– Mine manager

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