Intro: During the mining slump, most operators focused solely on reducing costs and improving capital management but the rebounding industry is opening the doors again for investment and expansion. However, companies learned their lesson about excessive spending in the previous cycle and will continue to be prudent with their capital to mitigate risks. Operating mines are also struggling to maintain high levels of grade ore. In effect, the industry is actively seeking machines, equipment and technology that can optimize productivity while reducing costs. These are elements that help operators maintain a healthy balance between cashflow and debt.
In this chapter, best practices used by operators to maximize the life cycle of mine sites will be analyzed along with exemplary cases of supply chain companies that are aligning themselves to the needs of the industry.
Key Question: What are operators doing to minimize costs, maintain safety and maximize production while promoting safety in operations throughout the life cycle of a mine?