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Impact Story - Cost savings

Identifying large savings to kick-start a long-term transformation program

Challenge

A large US metals and mining company needed to improve its financial situation and implement a large transformation program.

Approach

MineLens was used as part of a wide and long-term transformation program:

  • First, a MineLens diagnostic covered the mining activities, such as drilling, blasting, loading, and hauling
  • Second, the pelletizing plant’s crushing and milling activities were covered by using advanced-analytics methods

Results

MineLens provided the client with valuable information:

  • Identification of an opportunity to increase mining throughput by 24 percent and to reduce costs by $20 million to $60 million
  • By focusing on crushing and milling, identification of an additional opportunity to increase throughput by 7 percent and to reduce crushing and milling costs by $14 million

By the numbers

$30M

increase in annual savings in six months

“Many thanks; the level of detail in the report is impressive.”

– Mine manager

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