Sustainable Cost Reduction In The Mining Sector

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8 strategies for reclaiming efficiency and lowering costs

5/02/2015· Over the past year, mining executives have received one message, loud and clear: markets will no longer tolerate production at any cost, according to a report by Deloitte. During the height of the mining boom, record-breaking commodity prices notionally supported the development of marginal high-cost, low-productivity mineral deposits. As commodity prices dropped, companies responded by []

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Sustainable Cost Reduction in the Mining Sector

The case for cost reduction 1 Achieving sustainable cost reductions in mining operations 2 Reducing the capital cost of mining projects 8 Conclusion 13 As the mining industry emerges from the Global Financial Crisis, many companies are already outlining plans for moderate to aggressive growth over the short to medium term.

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Sustainable cost control and reduction Canadian Mining

1/04/2009· Sustainable cost control and reduction Unstable global credit markets and diminished project finance options make it challenging for mining companies to acquire funding for ongoing exploration and development projects. During an economic d...

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Sustainable cost reduction in the mining sector

Figure 4: The journey to sustainable cost management "Sustainable cost reduction in the mining sector"

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Three Steps for Sustainable Cost Reduction

Three Steps for Sustainable Cost Reduction Steel companies set their sights on high performance. 1 Steelmakers are under intense pressure to improve profitability. Market growth has slowed, raw material prices remain elevated and steelmakers have less market power to increase prices. Steelmakers traditionally have responded by launching cost-reduction projects. In the past, these efforts have

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Sustainable Cost Reduction in Power and Mining Sector

Cost Control Approach Across the board approach/focus on activities andprocesses, reduction is real ,permanent and sustainable . Objective Score keeping/cost leadership or product differentiation. Cost Behaviour Function of output, variable cost,fixed cost/strategic choices in terms of cost driver.

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sustainable cost reduction in the mining sector

12 technologies set to transform mining July 11,,many are heralding the LNG boom as a way to offset the energy issues facing the mining industry But with big upfront capital costs, and . [Chat Online] Sustainable Cost Reduction in the Mining Sector,PwCCanada

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Mining spotlight on: Sliding productivity and spiraling costs

Mining spotlight on: Sliding productivity and spiraling costs Strategies for reclaiming efficiency in the mining sector Over the past year, mining executives have received one message, loud and clear: markets will no longer tolerate production at any cost. During the height of the mining boom, record-breaking commodity prices notionally

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Top 10 business risks and opportunities 2020 EY Global

Cost reduction needs to be sustainable and a keen focus on productivity will help to manage the impact of rising costs. Automation and increased maturity in the use of data is proving to have significant benefits to large mining operations, in terms of providing an uplift in productivity and hence reduction in production costs per tonne.

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More Mergers and Takeovers Predicted For Mining And

“Much of the industry has implemented cost reduction initiatives, but more needs to be done, to accelerate sustainable change through this phase of the resources cycle. “The US economic recovery, among other factors, is driving a weakening of the AUD/USD exchange rate which, on balance, should be beneficial for the industry.”

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Cost Reduction in Mining Operations Discussion Mining

19/09/2011· Cost Reduction in Mining Operations Discussion The operating cost structures of mining operations globally have increased significantly over past years. When raw material prices are high it might appear to be an odd time to be thinking about cost reduction, but in fact it is the ideal time. History has shown us is that

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Sustainable Development of Mining Mineral Resources

The sustainable development of mining mineral resources is a major challenge for today’s global world, addressed to mining companies, people of science associated with mining and many other institutions and organisations. 2.

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How can mining become more sustainable? World Economic

20/02/2014· Opportunities are sometimes found in the most unexpected circumstances. The metals and mining industry is going through a difficult period, with companies cutting back and focusing on cost-reduction programmes. However, as we move towards a sustainable world, there are key trends emerging which will

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Emerging trends in the mining industry MINING.COM

25/04/2016· World-class insights firm, Deloitte, recently released a report on the mining industry trends of 2016. In addition to highlighting the emerging trends, this report and other reports from leading

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The productivity challenge AusIMM Bulletin

Minerals professionals are central to identifying and delivering sustainable improvements in the industry. P roductivity is the word on everyone’s lips in the minerals sector at the moment. EY’s most recent annual Business risks facing mining and metals publication ranks productivity improvement as the most important industry risk factor (EY, 2014).

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Productivity in mining Ernst & Young

sustainable productivity gains will only come from broad business transformation. W h y t e n e d to oos t roductivity? 1 . o re g in ground os t ove r t e u e rcyc e EY, in collaboration with the University of Queensland in Australia, has undertaken more than 30hours of in-depth interviews with senior executives in the mining industry, who recognize that the focus on volume at any cost has

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Public Sector Cost Reduction Sustainable Efficiencies

Public Sector Cost Reduction; Public Sector Cost Reduction: Driving Out Substantial & Sustainable Efficiencies The pain of deficit reduction is now only too evident. At a time of austerity every £ to be invested in the British economy calls for a £ saved. Every part of the public sector needs to have an immediate and a longer term focus on cost reduction. 15% procurement savings by 2015

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Construction and Transportation Industry PwC Australia

Many businesses in this sector are focused on achieving the right balance between sustainable cost reduction and delivering on the business plan. Issues of major interest to the industry include: difficulties in accessing new funds, satisfactorily refinancing debt, the implications of a sub-investment grade rating, significant share-price falls

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Agile Defence PwC

Agile defence: Sustainable cost reduction on the path to greater agility. Throughout history, great powers have been challenged to balance strategies and capabilities against available resources. From the Roman Empire to today, nations have felt the tug of resource limitations as they have sought to fashion comprehensive security strategies.

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Iron ore miners cannot sustain cost cuts, say fund managers

8/07/2015· "There are a few key cost reduction measures used that aren't sustainable high grading deposits by cherry-picking areas with low strip ratios and low impurities has impacts on

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5 Strategies To Reduce Mining Operating Costs rapidBizApps

8/03/2018· But, miners can control the way they operate. Companies are now focusing on reducing their mining operating costs and will have to move away from reactive cost-cutting methods and create sustainable programs for cost management. Here are some strategies to consider.

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More for less: Five steps to strategic cost reduction

cost reduction In an industry facing massive disruption and change, More for less: Five steps to strategic cost reduction PwC 5 Rethinking strategy and cost Delivering strategic change and putting in place the operational capabilities needed to deliver it have always been difficult. Yet, we now have both the compelling drivers and the practical means to make strategic cost reduction

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Local Content Policies in the Mining Sector: Scaling up

Local Content Policies in the Mining Sector: Scaling up local procurement (iii) Responding to public unrest and social licence to operate At the local level, host communities are increasingly resisting project development because they feel the costs of mining activities on their livelihoods and environment are higher than the benefits

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Driving Innovation and Sustainable Cost Reductions for the

Cost reduction is nothing new to the nuclear industry, but the competitive pressure has intensified in recent years. See how ScottMadden is driving innovation and sustainable cost reductions for the nuclear generation sector in this new case study.

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Five ways CFOs can make cost cuts stick McKinsey

Five ways CFOs can make cost cuts stick. Many executives expect some proportion of the costs cut during the recent recession to return within 12 to 18 months 2 —and prior research found that only 10 percent of cost reduction programs show sustained results three years later. 3. On either schedule, any programs initiated in the early months of the downturn are already beginning to fail—just

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Tracking the trends 2014 Deloitte

Tracking the trends 2014 7 Productivity The new mining mantra Beyond giving rise to an untenable cost environment, the mining sector’s aborted drive to produce at any cost has led to massive inefficiencies. As a result, industry productivity (defined as the GDP value contribution an average worker creates in an hour of work) is hitting new lows.

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Sustainability Epiroc

A major shift in the mining equipment industry is the trend towards automation, interoperability and digitalization, as part of the emergence of intelligent mining, which is focused on cost reduction, productivity increases, performance-critical technologies and safety in the mining sector. A higher level of automation reduces labor costs and

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Cost Transformation, Cost Reduction, Cost Consulting

True cost transformation is about simplifying, refocusing and strengthening your organization, so you can pursue growth and provide a better customer experience. Often, a radical cost-cutting program produces only short-term benefits; costs creep back over time. Bain’s holistic approach helps you cultivate, reward and improve a sustainable

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Sustained cost reduction for utilities Bain Brief Bain

The economic outlook for utilities is tightening in developed markets as energy consumption levels off and competition from distributed generation rises. At the same time, their need to update aging infrastructure is growing. To make the numbers work, they will need to cut costs. Here are four areas where utility executives can make long-term cost-savings work.

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