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Impact Story - Assessment of capital-expenditure return

Successfully comparing multiple mines that use different mining methods

Approach

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

  • MineLens was used to determine a consistent baseline across sites
  • Internal comparisons helped determine current potential by cross-fertilizing local best practices
  • External benchmarking identified additional opportunities to increase volumes, reduce costs, and improve labor productivity

Results

MineLens provided the client with valuable information:

  • Standardized and directly comparable metrics across different sites
  • Identification of internal best practices and potential improvement
  • Potential identification of competitors performing in similar cutting conditions and in-depth information about the equipment utilized

By the numbers

1.1M metric tons

average potential production increase per long wall

$18.1M

average potential reduction per long wall

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