Iron Ore Mining Operation
As demand from China and emerging nations increased in 2010, the market for iron showed signs of recovery. The impact of the turmoil of recent years, caused by the economic downturn is beginning to fade, with demand increasing - but still against a backdrop of constrained global supply. One of the challenges facing companies within the sector is the continuity of supply to meet the peaks in demand.
Sustainability and environmental concerns coupled with the need for innovation remain high on the agenda. And this, in addition to juggling the competing demands of an energy intensive industry with the need for mine profitability.
Given the reality of the external pressures and challenges facing mining company, it is of little surprise that mining executives are interested in optimizing operational performance - looking to perform faster and smarter while cementing an operational culture that embodies continuous improvement and evolution.
We help our clients by developing and implementing customized change programs that transform operational performance in the core business areas and embed continuous improvement into the culture of the mining organization - and with a sense of urgency that guarantees results within weeks.
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Our Results
Iron ore clients have achieved significant improvements in their operations by managing the total process from the customer receipt back thorough all the stages of logistics and production.
Although the scope for improvement varies between mines, most clients see very significant throughput increases, improved equipment availability and reduced direct costs per ton. Mining clients typically show returns of over 3:1 on their investment.
| Planning and Logistics: |
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Reduced mine-to-port transport cycle time by 13% |
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Reduced procurement lead time by 35 % |
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Improved scheduling to drastically reduce contractor and management fees at a major Australian Iron ore producer |
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Assisted a North American iron ore producer to review its primary ore operations, iron ore processing, product delivery and maintenance to achieve its targeted 6% reduction in operating costs |
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| Equipment Utilization: |
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Improved maintenance at a Brazilian iron ore producer to increase equipment availability from 84% to 94% |
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Improved throughput at an iron mine by over 20% and transformed the data collection tool into a management control system |
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Improved capacity at the mine port by over 100% |
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Testimonials
Proudfoot was retained to assist with our cost reduction program. The Proudfoot team was very professional and integrated well with the local management team. Their rigorous approach was effective in developing a more cost-conscious culture at IOCC (part of Rio Tinto).
General Manager, Organizational Change, Rio Tinto
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Case Studies
Proudfoot turns around a global iron ore producer's failing cost-reduction program Read more >>