8 strategies for reclaiming efficiency and lowering …
To bring costs down in a sustainable way, mining companies can: ... To reduce costs, companies frequently ask suppliers for steep—and often unsustainable—cost concessions. Rather than pushing the service sector to the wall, companies can: Establish global sourcing contracts. Build partnerships with those suppliers who have delivered demonstrable value. Renegotiate with major suppliers to ...
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 stone highlights leading practices to achieve sustainable cost reductions in mining operations. It also describes an effective approach to improve capital productivity, which focuses on rigorously …
The importance of sustainability in mining …
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. With the environment increasingly in the spotlight, the growth of mining firms will be largely decided by how they adapt to the pressures of sustainability. While it may seem ...
Sustainable cost control and reduction - Canadian …
Sustainable cost control and reduction Unstable global credit markets and diminished project finance options make it challenging for mining companies to acquire funding for ongoing exploration and development projects. During an economic d... April 1, 2009 by Paul Murphy
Sustainable Cost Reduction in Power and Mining Sector
Total Cost Management in Mining Sector-best practices. Sunil Baran Mahapatra FCA. Coal Mining. Cost break up of CIL. cost Emp. Remuneration Stores Power welfare Contractual & Repair Other expenses OBR adjustment Interest & Fin. Charges Depreciation 29569 7082 2504 1082 12371 4203 2811 7 2466. Installed Power Capacity: 01.04.2016. MW Coal Gas Oil Hydro Nuclear Renwable …
Lean Mining - Bringing Sustainable Efficiencies to the ...
lean mining: bringing sustainable efficiencies to the mining industry 2 the mining industry is known for facing continual uncertainty and volatility, making it imperative for mining companies to identify and implement strategies for sustainable cost reduction and operational efficiency in order to maintain healthy profitability and reduce risk. as such, it’s no surprise that the principles ...
5 Strategies To Reduce Mining Operating Costs - …
16.02.2017 · Companies are now focusing on reducing their mining operating costs and will have to move away from reactive cost-cutting methods and create sustainable programs for cost management. Here are some strategies to consider. Better management of budgets and and risks
The mining industry in a sustainable future | SEI
18.02.2019 · During a breakfast seminar in Stockholm on 28 May 2019, organised by SEI and Svemin, the report “The Swedish Mining Sector in Sustainable Futures” was released and presented. Below follow filmed interviews with some of the panel speakers. Måns Nilsson (SEI’s Executive Director) on what a research organisation such as SEI can offer the mining industry. Video: SEI / YouTube. Per …
Three Steps for Sustainable Cost Reduction
mining sector and Chinese demand has boosted prices for raw materials. As a result, the spread between input costs and steel product prices has declined in absolute and relative measures, in spite of the Hot Rolled Coil (HRC) price going from just over $200/ton in 2001 to over $700 today, as seen in Figure 1, which also shows the decline in average steel company EBITDA margins since 2004 ...
Mining Sector: ESG Research Report Sustainalytics
01.05.2015 · Precious Metals: Sustainability in a Rocky Environment May 2015 ESG Research Report on the Mining Sector This report looks at the mining sector, providing a in-depth analysis of the most material ESG issues it faces. The report leverages our ESG Ratings and Research combined with our Controversies Research to identify best practices, historical trends as well as the leaders and …
Mining .:. Sustainable Development Knowledge …
To date, it appears that the main constraints to sustainability in the mining sector derive from the ever-increasing demand for mined resources, the consumption of resources (mostly energy and water) needed to extract and process metals, and the increasing pollution generated by the extraction process. This holds true for both large-scale, often multinational corporate, operations as well as ...
Innovation in Mining - deloitte.com
CREATING A SUSTAINABLE MINING SECTOR BY EMBRACING INNOVATION Observations on government incentives FOR FURTHER READING CONTACTS Table of contents “ “ “ FOREWORD The African mining sector is in the early stages of innovation, and it’s now time to move forward and create the mine of tomorrow. Mining globally has come under pressure to gear down following a period in …
Mining spotlight on: Sliding productivity and spiraling costs
towards sustainable cost management programs. Here are some strategies to consider. Strengthen mine planning To improve sector productivity, companies can: • Refocus on high quality production by increasing cut off grades. • Reduce capital expenditures in properties with lower production potential and shorter mine lives.
Managing mining for sustainable development
2 Mining and sustainable development 25 3 Impacts of mining during the life of a mine 29 3.1 Mineral exploration phase 30 3.2 Mine development phase: mine design and construction 30 3.3 Mining operations phase: mining and mineral processing 34 3.4 Mine closure phase 37 4 Orienting legal frameworks towards sustainable development 39
How can mining become more sustainable? | …
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.
More for less: Five steps to strategic cost reduction
cost reduction In an industry facing massive disruption and change, ... other financial services sector2. Yet, squeezing a few percentage point savings from slow, stretched and unfocused operations isn’t going to be enough to sustain competitive relevance in this disrupted marketplace. The insurers out in front have embarked on a much more fundamental transformation in strategy and ...
Mining industry and sustainable development: …
Sustainable Development and Mining. Mining impacts always existed and we still have mines opened in Roman times with acid mine drainage, waste piles, and environmental contamination. Large‐scale mining grew during the 19th and 20th centuries with impacts neglected and hidden costs. Impacts on miners’ health due to occupational exposure to ...
Mining, Minerals and Sustainable Development …
Through the World Business Council for Sustainable Development (WBCSD), they commissioned IIED to undertake a scoping study in May 1999 to set out the global challenge of sustainable development facing the mining sector and to propose the scope of a two-year process of participatory analysis to explore the role of the sector in the transition to sustainable development.
Reducing Energy Consumption In The Mining …
15.03.2018 · To compete in the mining industry, companies must decrease operational costs while increasing mining production. Using IoT to lower energy usage is a vital step in increasing productivity and reducing energy waste. Mining operators will be able to optimize systems, network equipment, and workers to reduce energy consumption and increase safety at the worksite.
A sustainable livelihood framework to implement …
01.01.2017 · Whilst global norms and mining corporations posit a top-down approach to capacity building, other approaches to corporate social responsibility and sustainable development implement capacity building as a bottom-up approach to assist mining communities in improving their living conditions (Alizar and Scott, 2009, Loza, 2004) Most importantly, capacity building is considered a sustainable ...