Category: Mining
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Digital Transformation Drives Mining Industry Innovation
By now we’ve all heard the term “digital transformation” – the rethinking of existing business models and processes through the use of technology. We have read and been told that if we’re not transforming, we’re going to be left behind. That part is true, actually, but that’s not our point here. Our point is that…
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Integrated Mining Solution Leads Digital Transformation
There’s a technology shift afoot in the mining industry. Once considered behind the technology eight ball compared to other industries, today’s mining operations are embracing technology in in new and expanded ways in what’s been called a quiet revolution in the industry. More mining companies are now using technology to integrate their operations, lower operating…
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Lower Costs with Predictive Maintenance in Mining
Mining companies have gone from spending 1% of revenue on IT in 2015 to an estimated 10% in 2020. Considering that mining maintenance costs alone can run from 30% to over 50% of total mine operating costs, it makes sense to direct some of that spending to the activity responsible for half its costs.
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Build a Resilient Mining Workforce for the Future
To remain productive and profitable, mining operations must take a proactive approach to human resources and labour compliance, ensuring they have a safe, skilled and engaged workforce to drive the organization forward.
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Business Intelligence Data Allows Mining Companies to Look Ahead
For a mining company seeking sustainable growth and profitability, information is critical. You are already be generating a tremendous amount of data from the field and the office, but how quickly and how effectively are you able to access and analyze that data to unlock the actionable insights within? Gaining access to actionable data requires…
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Rethinking Mining Operations amid the COVID pandemic
Recently, research giant McKinsey advised mining companies to rethink their responses to the pandemic, and outlined a “5R” approach: Resolve, Resilience, Return, Reimagine, and Reform. Similarly, in Understanding COVID-19’s impact on the mining & metals sector, Deloitte speaks about three dimensions of managing the crisis: Respond, Recover, and Thrive. Extrapolating from these insights, we offer…
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A Guide to Optimizing Procurement for Mining Companies
Here we provide a quick overview of the steps in the procurement process and offer tips for optimizing each stage.
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Improve Mining Procurement to Reduce Waste and Save Costs
Here we’ve identified five areas in the procurement cycle where mining companies can reduce waste and costs to better position themselves for the recovery. In our next installment, we’ll get into the specifics of how smart procurement tools and practices provide the practical infrastructure needed to make it happen.
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Mitigating Risk And Adapting To Change
The current health crisis is highlighting the need for an effective mining industry ERP solution that supports mining companies’ efforts to mitigate risk and adapt to change.
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Fast and Fluid — Cloud ERP is Mining Companies’ Fuel in Uncertain Times
Never before has your mining company’s ability to be fast and fluid mattered so much. While the stay at home orders will eventually be lifted — business as usual is no more. It will no longer be enough to simply be good (or even great) at what you do. In order to succeed, you must…