From mitigating the effects of ore body uncertainty on production to balancing safety with profitability and sustainability, running mining and metals operations successfully can be a complex and nuanced business.
For the organisations tasked with meeting the world’s increasing demand for minerals and metals while addressing fast-moving investor, regulatory and public expectations, there are complicated and, sometimes, difficult choices to be made. Optimising the value of mature assets while driving future production through strategic operational improvements as well as greenfield investments is an ongoing priority for these organisations.
These forces have given rise to five key imperatives for operators to contemplate:
The value of smart operations tools in strategic mine planning
To make strategic decisions for complex and integrated mining and metals assets, such as iron-ore operations, companies should test the impact of different scenarios and changes to their supply chains and evaluate the effects on systems throughput. For instance, key use cases for simulation and optimisation software tools might include: