US$73m of improvement ideas implemented through operational improvement for an open-cut gold mine
Our client needed to improve productivity and overall operations while factoring in tough mining conditions, high turnover of the management team, and high operational downtime.
Unit costs were under severe pressure: fixed costs increased by 100% following the transition; rising fuel and power costs; main pit getting deeper and haul distances longer.
of improvement ideas implemented
return over target (US$52m cash benefit in 12 months delivered, against the diagnostic target of US$26m)
in long-term improvements at financial year end with the improvements incorporated into the new financial and operating budgets
increase in tonnes mined (67k tonnes/day to an average of 94k tonnes/day)
Improve productivity and overall operations facing numerous challenges
Review and optimise Capex spend
Increase truck operating hours
Reduce operating downtime in mining and processing
Establish client business improvement capability, and transfer skills and continuous improvement processes to a dedicated client team