Editorial from the Australian Mining Review February 2018
Three years ago, when many other operators where busy cutting costs, AngloGold Ashanti (AGA) Chief Operating Officer, Ludwig Eybers, had the foresight to place four of its open pit mines on a different trajectory: operational excellence. Today that decision is paying off in spades.
Under the expert guidance of AMC Consultants’ Improve team, the operations implemented tailored business improvement initiatives that have lead to improved operational insight and decision-making, a stronger familiarity with operational behavior, and an increased understanding of site interrelationships.
The numbers speak for themselves. One continental African operation saw a 54% improvement in drill fleet operating efficiency. That is a whopping 2,500 annualized operation hours in an area that was identified as the bottleneck of the operation and therefore the most important area of focus. Similarly, one of the Australian operations recorded a year on year improvement in average daily movement (BCM) of 24% last year compared to 2016.
“AMC’s benchmarking studies, in conjunction with its detailed operational analysis studies at AGA’s Continental African Region operations provided us with insights into the key drivers of open pit mining performance and the potential operating cost savings that could be realized,” Mr Eybers said.
“AMC were able to provide an independent analysis of the current and future cost bases for each operation, providing valuable input to AGA’s mining task force project.”
To find out how AMC’s unique Improve approach could help uncover hidden value in your operation, see their Improve offering.
Subeditor and Journalist, Australian Mining Review