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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. Sponsored by Normet Visit Company The mining industry holds a number of strengths

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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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  • 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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  • 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 >
  • 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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  • 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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  • 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 >
  • 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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  • Sustainable Development of Mining Mineral Resources

    Jan 01, 2013· 1. INTRODUCTION. The concept of sustainable development is now a widely used term in many areas of activity related to the life of man. It appeared in the second half of the twentieth century as a reaction to the dynamic economic growth seen in many countries around the world, which was often observed in conditions of excessively intensive and uncontrolled use of natural resources.

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  • Public Sector Cost Reduction Sustainable Efficiencies

    The pain of deficit reduction is now only too evident. At a time of austerity every £ to be invested in the British economy calls for a £ saved. Every part of the public sector needs to have an immediate and a longer term focus on cost reduction. 15% procurement savings by 2015 should be the minimum goal.

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  • RENEWABLE ENERGY IN THE AUSTRALIAN MINING SECTOR

    8 Renewable energy in the Australian mining sector example, from $5.54/tonne to $17.03/tonne. Diesel price increases in the last 12 months alone have added $2.77/ tonne to the average cost of metals mining ($0.64/tonne for bauxite, $2.10/tonne for iron ore, $3.99/tonne for

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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 US

    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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