PwC Report - Mining for Efficiency
In August 2014, PwC released their latest industry research report entitled 'Mining for Efficiency'. The paper uncovers five key findings and goes into detail about what these mean for the industry and what needs to be done about them:
- The global mining industry’s open cut equipment productivity has declined by 20% over the past seven years despite a push for increased output and declining market conditions.
- Mining equipment in Australia runs at lower annual outputs than most of its global peers.
- There is an inherent conflict between a productivity plan based on increased volumes and one based on cost reduction.
- Company-wide equipment performance for many global miners sit in the second and third quartiles, and the differences between their best and worst performing mines are stark.
- Productivity is heavily dependent on the way people act, more so even than the capacity of the equipment being employed.
This paper was originally hosted here: http://www.pwc.com.au/industry/energy-utilities-mining/publications/mini...
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