MineLens

Optimize productivity with data and insights from MineLens

Volatile commodity prices and industry market valuations are forcing mine operators to cut costs, limit capital expenditures, and boost productivity. The size and speed of profitability improvements are hard to predict and vary significantly by commodity, region, and specific mine. MineLens analyzes labor, cost, and equipment-productivity data; benchmarks that data against a global set of peers; and delivers insights into performance-improvement opportunities.

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Video

MineLens overview

Chris Mulligan, solution partner, shares how MineLens allows mine operators and owners to understand where there are gaps in operating potential and how to close them.

Benefits

Information capture

Our mining experts conduct site visits to assess operational practices, while our data specialists work to consolidate, clean, and map time-series data (such as metric tons, equipment metrics, and rates).

Insights

Leveraging our proprietary benchmarking database, our experts compare an organization’s operating, labor, and cost performance with that of a global set of peers and use the results to deliver a road map of improvement initiatives.

Assessment and goals

Our experts assess the effects that throughput and cost initiatives have on profitability and capital expenditures and work with the organization to align around common metrics, set achievable performance targets, and use dashboards to measure improvement over time.

MineLens by the numbers

$6Bn

identified in annual

300+

mining operations

15-25%

average site cost reduction

Benefits

Global mining expertise

MineLens leverages McKinsey’s 85 years of industry expertise alongside the extensive experience our mining professionals have along the entire mining value chain to help companies implement transformations at mine sites around the world.

The world's largest mining operations database

MineLens allows companies to compare their operating, labor, and cost performance to a broad set of peers. Our proprietary database includes equipment, cost, and labor metrics from over 275 mining operations across the globe.

Unique, targeted insights

Our team of mining experts visit sites to understand the unique context of a company’s operations and provides recommendations based on the most granular level of detail.

Client impact story

Article

How a steel plant in India tapped the value of data—and won global acclaim

– By upskilling employees and innovating with analytics, Tata Steel’s plant in Kalinganagar, India, achieved performance gains that earned it recognition as a leading digital facility by the World Economic Forum.
Article

Inside a mining company’s AI transformation

– How copper-mining giant Freeport-McMoRan unlocked next-level performance with help from McKinsey data scientists and agile coaches.

Want to learn more about how MineLens can help your organization?

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