From mitigating the effects of orebody 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 organizations 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. Optimizing the value of mature assets while driving future production through strategic operational improvements as well as greenfield investments is an ongoing priority for these organizations.
These forces have given rise to five key imperatives for operators to contemplate:
Learn how Deloitte is helping Mining & Metals companies
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 optimization software tools might include:
The challenge
Deloitte Australia was recently engaged by a global mining company to develop a solution that could support decision making in these types of scenarios. Three workstreams were identified:
Outcomes and value delivered
The project delivered the following benefits:
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