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According to Deloitte's internal research, the foundation of integrated operations thinking was built about 60 years ago, but the mining industry only began pursuing these concepts in the past decade. That means most organizations are still involved in early-stage efforts, with integrated operations focused on optimizing the …
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In the mining industry, as a dangerous industry related to the specifics of its production, in particular, the process of risk management and analysis should be taken into account. One of the main ...
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Mining-company management should encourage openness to trying new approaches and to adopting new technologies. At the same time, mining companies …
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Importance of Mining Safety. Mining is the foundation of many industries, providing vital raw materials for manufacturing goods, energy, and infrastructure. The modern world depends on its end products, from fossil fuels to metals and minerals. But their destructive consequences are also undeniable. Ensuring the safety of the people …
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discuss trends in mining productivity that it reveals, and offer recommendations on how the industry can improve performance. Importantly, our research shows that some mining companies are already turning around productivity performance, indicating that improvement is possible, and that there is room for improvement throughout the …
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Business improvement in the mining and metals industry. October 2009. Journal- South African Institute of Mining and Metallurgy 109 (10):621-628. License. CC …
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2. Map your value stream and update it. Your value stream is the entire business process from thought to completion; it's the end-to-end process that ultimately delivers value to your customer. In order to make your mine lean it's important to map every single process (no matter how small or seemingly insignificant) and streamline it.
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Lean Thinking is a strategy which provides companies, including mining companies, a competitive edge by eliminating waste and increasing value to the organizations. Lean Thinking uses many approaches such as Kanban, Kaizen, 5S, Standardization, TPM and VSM to achieve this increase in value.
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BPM is an integral part of everything we do and bundles together elements of process lifecycle management, process mining and process automation into one. A holistic approach to BPM allows us to manage the flow of data and bring people, process and technology closer together to drive 360° Value. We embed BPM into the full range of ...
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1. Transition to a low-carbon economy. Demand for most minerals is projected to be high in order to achieve the energy transition. While fossil fuels have helped to improve living standards around the world since the 18th century, their associated greenhouse gas emissions have led to global warming.
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As young people increasingly prioritise sustainability in their investment choices, mining firms will need to adapt to higher standards of responsibility. Responsible mining practices are becoming increasingly …
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By improving asset management and maintenance, mining companies can lower costs and risks while boosting productivity and safety. Here are five benefits of better asset management. 1.Reduced maintenance spend. The most obvious way that better asset management can benefit a mining operation is by reducing the amount you spend on …
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Here we'll examine how Lean management principles can lay the foundation for sustainable, long-term success in the mining industry. KEY OPPORTUNITIES TO HARNESS THE POWER OF LEAN …
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The aim is to improve the efficiency of day-to-day stoping activities using a project management approach. The day-to-day operations are guided by a definite goal – achieving the most effective ...
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The first step to unlocking value through operational excellence is to embed a clear purpose and clearly defined systems to support cultural enablers, continuous improvement, and enterprise alignment. Mining companies can consider the following actions in five focus areas as a way to … See more
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3 Best Practices Mining Companies Can Borrow From Formula 1 Racing "Business Improvement has two steps; measure the gaps and do something about it." Graham Lumley, Director Mining Intelligence and Benchmarking, PwC Australia. In 1950, a Formula 1 racing pit stop took an average of 67 seconds to do their job.
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Several major mining firms have established centralized coordination and support for operational control and business improvement activities in operations …
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This standard is soon to be replaced by the incoming ISO 55000. PAS55 has made some inroads into the mining industry; but not to the degree that is required for long-term sustainability of mining companies. There are a number of companies who are endorsed trainers and auditors by the IAM to the PAS55 "standard."
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Mining Business and Management 36% of Credits: Mine Accounting (2) ... Topics include: 1) leadership, 2) project planning and controls, 3) quality assurance, 4) business process improvement, 5) risk assessment techniques, 6) personnel management and 7) conflict resolution. Because the leadership role is one that goes beyond the workplace, the ...
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A study conducted at 22 operating mines in the southern African region indicated that each mine employs about five management and improvement methods with roots in the manufacturing industry.
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Business processes are the lifeblood of a business and the telecommunications industry is no exception. As many companies, especially telcos, are focused on digitizing existing business processes, process mining is exceedingly important. In fact, the global process mining software market is projected to grow from …
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The GMG Asset Management Working Group is an inclusive and global operator-driven community of interest whose primary purpose is to identify and share leading practices in asset management, reliability, and …
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The mining industry consists of complex, highly technical, cumbersome, and -- in many ways -- risky processes. The ore extraction processes and the conditions created in the mine are often unpredictable and if not carefully managed, can be unsafe for workers. This makes employee safety a high priority. Additionally, it is also very difficult …
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Industries such as manufacturing and business services saw a steady improvement in productivity and efficiency over the last 25 years. However, the mining industry did not experience this same ...
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to receive more business insights, analysis, and perspectives from Deloitte Insights. As companies take steps to mitigate risks in the mining supply chain, the focus has begun to shift from a cost and …
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Regarding sustainable water use, the mining industry can also improve the management of this resource by using water from desalination of sea water as process water, and a combination of conventional (chemical) and/or alternative processes (ion exchange, electrochemical treatment, nanofiltration, reverse osmosis, biological …
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He is a qualified mining and industrial engineer with more than 22 years of operational, project management, consulting, and advisory experience in the fields of operation excellence, innovation in …
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The management of operating costs is essential to the efficiency and economic sustainability of mining operations and nevertheless, most cost management systems in the minerals industry are designed only and …
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Companies must commit to transforming their management systems to nurture innovation and embrace change and technology. For example, a mining company that is using advanced analytics to increase yield and throughput also needs to modify how metallurgists, plant operators, and maintainers work together to embed the new tools and …
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Events affecting mining companies during the past few years have resulted in significant property damage and business interruption losses. There is increasing pressure to recoup lost revenues and costs, which can strongly impact your ability to compete, meet shareholder's expectations, and maintain the confidence and support of your Board of ...
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