Category: Mining
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Digging Deeper — Mastering KPIs for Mining Industry Success
Like the miners who delve into the earth’s depths seeking precious resources, business leaders in this sector must dig deep into their operations to unearth critical insights. Key Performance Indicators (KPIs) are the right tool for the job. When used strategically, KPIs are more than numbers, they are metrics that drive meaningful action and align…
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The ERP Consultant’s Mindset — What Is It and Why Does It Matter?
Sooner or later, virtually every growing organization will move to an Enterprise Resource Planning (ERP) system to streamline operations and gain a competitive edge. While ERP applications continue to get “smarter” and easier to use, they still don’t implement themselves. Behind the scenes of every successful ERP implementation are ERP consultants, individuals who possess a…
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From Ore to More Orezone Gold Corporation Uncovers Efficiencies with Mining ERP Solution
From Ore to More Orezone Gold Corporation Uncovers Efficiencies with Mining ERP Solution Mining companies understand patience. More than perhaps any other industry, miners know that it can take years of exploration, evaluation, and development before (figuratively) striking gold. Orezone Gold Corporation (TSX: ORE) worked patiently and diligently through the early mining cycle stages before…
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2023 Holds Risks and Opportunities for the Mining Industry
Miners know about balancing risks with opportunities better than anyone. And that’s a good thing because often what first appears to be a risk can, if handled well, turn into an opportunity. So, what are the risks and opportunities facing mining operations in 2023? Consulting giant Ernst & Young considers this question in a new…
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KPI monitoring for the Mining industry
Mining the Facts: Using KPIs to Monitor Progress, Control Costs, and Drive Performance Editor’s note: This article was initially published in 2018 but has been updated with current data and new insights. Oh, how we love to measure things. It seems like it’s hardwired in us to look for ways to monitor and compare things.…
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How Mining Companies Handle Consignment Inventory
You’re likely familiar with the concept of consignment inventory. Equipment suppliers stock your storeroom with parts that you only pay for once you use them. It makes sense — any amount of downtime is costly, and many parts are expensive and have extended lead times. From an accounting standpoint, though, consignment inventory is a bit…
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Mining a More Sustainable Future
A circular economy might be realised before 2050 if governments and the business sector encourage innovation across the supply chain and guarantee that items like batteries can be readily dismantled and recycled. The goal is to recycle and reuse as much as possible; nevertheless, new-mined resources will be necessary to allow green technology and infrastructure
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Mining is Essential for a Green Future
The transition to greener technologies is strongly dependent on raw elements like cobalt and lithium, which are now mainly acquired via mining The metals and mining industry is uniquely positioned to play a critical role in achieving a sustainable world. Learn more.
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Going global in 2022: Five must-haves from your global mining ERP
Global markets have been the source of much of the growth in the mining industry for the past decade. Latin America, in particular, is experiencing renewed growth. Overall, the mining industry looks to be rebounding well and the outlook for 2022 is positive. If your mining company is considering global expansion, you may be asking — what does…
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Five reasons to embrace ERP in your mining operation — from the start
“Start small and think big” is advice often given to startup companies. And it makes sense—up to a point. When you select business management software to support your young mining company, starting small can end up inhibiting your ability to grow your mining operation with maximum efficiency (and profitability). So, here we offer five reasons…