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  • [PDF] Sustainable cost reduction in the mining sector

    While production volumes will need to grow to meet an expected upswing in commodities demand, one of the largest opportunities for shareholder value creation is operating and capital cost reduction. This paper highlights leading practices to achieve sustainable cost reductions in mining operations.

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  • The importance of sustainability in mining operations

    Sep 16, 2019· As mining companies around the world grapple with cost-reduction schemes and improving site safety, there are a range of key themes emerging that look set to have a wide-reaching impact on the success of operations. “There is a big push in the mining industry to find more sustainable solutions, particularly in terms of equipment or

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  • Three Steps for Sustainable Cost Reduction

    slide, industry concentration in the mining sector and Chinese demand has boosted prices for raw materials. As a result, the spread between input costs sustainable cost reduction through capability building and training. Figure 2. Three-stage framework for sustainable cost reduction. Source: Accenture

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  • Sustainable cost control and reduction Canadian Mining

    Apr 01, 2009· In the end, the process produces a list rather than creating sustainable cost reduction. A strong foundation is critical. Establishing a strong foundation is essential to sustainable cost savings. The management team must understand its cost baseline and view cost as a result of the business decisions it makes on a daily basis.

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  • Mining Companies Cozy Up to Renewables, Not Just for Cost

    The mining sector’s appetite for renewables is closely correlated to this cost reduction. RMI’s figures show that less than 11 megawatts of mining-based wind and solar capacity was installed

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  • How can mining become more sustainable? World Economic Forum

    Feb 19, 2014· 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 critically influence the future success of mining and metals companies.

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  • 8 strategies for reclaiming efficiency and lowering costs

    Feb 05, 2015· Use production visibility tools to get an automated visual of mining operations from pit to port. 5. Pursue operational excellence. To bring costs down in a sustainable way, mining companies can: Re-evaluate their operating models to ensure they have the management and reporting systems necessary to build a cost management culture.

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  • Mining Companies Cozy Up to Renewables, Not Just for Cost

    The mining sector’s appetite for renewables is closely correlated to this cost reduction. RMI’s figures show that less than 11 megawatts of mining-based wind and solar capacity was installed

    Details >
  • How can mining become more sustainable? World Economic

    Feb 20, 2014· 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 critically influence the future success of mining and metals companies.

    Details >
  • Sustainable cost control and reduction Canadian Mining

    Apr 01, 2009· In the end, the process produces a list rather than creating sustainable cost reduction. A strong foundation is critical. Establishing a strong foundation is essential to sustainable cost savings. The management team must understand its cost baseline and view cost as a result of the business decisions it makes on a daily basis.

    Details >
  • 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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  • Seven trends that will shape the future of mining and

    Dec 17, 2020· The mining and metals industry is recovering from one of its most difficult periods in decades. Market volatility and a downturn in commodity prices have created a new normal where cost cuts, automation and operational efficiency are vitally important.

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  • 5 Strategies To Reduce Mining Operating Costs rapidBizApps

    Feb 16, 2017· Mining company strategies depend heavily on the current state of the market. When the market is upside, companies develop marginal high-cost, low-productivity mineral deposits, supported by high commodity prices. But when the market is down, companies respond by slashing costs a natural response to a shifting market cycle.

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  • Driving Innovation and Sustainable Cost Reductions for the

    With the advent of lower natural gas prices in North America, the nuclear generation industry in the United States has been under significant and continuing cost pressure. Across the industry, every effort is being made to identify and capture opportunities for sustainable cost reduction.

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  • Mining spotlight on: Sliding productivity and spiraling costs

    that has seen many governments impose rising mining industry taxes, permitting fees, export duties, discovery bonuses, royalties, indigenization quotas and reconstruction tolls. How low productivity and high costs are hurting mining companies With productivity down and costs up, many mines went from marginal to loss-making over the past year

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  • More for less: Five steps to strategic cost reduction

    4 PwC More for less: Five steps to strategic cost reduction 2. Align costs to strategy: Look across the whole organisation and differentiate the strategically-critical ‘good costs’ from the non-essential ‘bad costs’. 3. Aim high: Be bold, be brave and be creative use technology, innovation and new ways of working to radically

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  • Top 10 business risks and opportunities 2020 EY Canada

    Sep 24, 2019· 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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  • How Can Mining Become More Environmentally Sustainable

    Dec 27, 2020· The mining industry often uses a large number of resources such as soil, minerals and water in order to contribute to the economy. Mining can be damaging to the environment especially when using outdated technology. There’s a number of ways that mining companies are becoming more environmentally sustainable. Reducing Their output Most types of mining []

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  • Sustainable cost reduction by lean management in

    Downloadable! This paper focuses on the need for sustainable cost reduction in the metallurgical industry by applying Lean Management (LM) tools and concepts in metallurgical production processes leading to increased competitiveness of corporations in a global market. The paper highlights that Lean Management is a novel way of thinking, adapting to change, reducing waste and continuous

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  • Energy and GHG Emissions Management The Mining

    Improving energy efficiency and reducing greenhouse gas (GHG) emissions are priorities for the Canadian mining industry as a way to limit impacts to the environment and to help reduce operational costs at the mine-site. The Energy Use and GHG Emissions Management protocol consists of three indicators that seek to confirm whether a facility has established Energy and GHG Emissions

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