Competition and the boom in commodities have focused companies on their core assets by shedding tangential operations – opening up opportunities and market share for smaller innovators.
 
Mining performance markers include annual production volume and quality, reserves, capital costs, and costs applicable to sales comprised of consumables, labor costs, and energy costs among other measures.

Some of the relevant extended performance management initiatives include merger, acquisition and divestiture modeling (both financial and operational), connecting mine planning (operational) with the forecast (financial), and variance reporting and alerts down to the shift level.  Visibility into operations and the market cycle are critical.
 
Speaking on the breakdown of the Alcoa acquisition of Alcan and suggestions that a huge purchase may be unwise given that current conditions may signal the top of a cycle, Alain Belda, Alcoa’s Chairman and CEO said “The cycle – you never know where you are on the cycle.”  
(National Post, May 7th, 2007)

BROADSHEET SNEAK-PEEK: MINING

POTENTIAL INITIATIVES THAT CAN BE STARTED FROM THE DISCOVERY ANALYSIS

PEER BENCHMARKS: MINING PERFORMANCE MARKERS