The next step is to review the objectives and strategies of the restructuring plan. The objectives should be clear, realistic, and measurable, and aligned with the vision and mission of the ...
A Strategic Mine Plan is the first stage of mine planning that sets the economic and technical direction for your project. The correct strategy is vital for the economic, social and environmental success of your project. You may be currently operating with a sub-optimal plan, so take this opportunity to create value and optimise your assets by ...
The restructuring process must be directed toward positioning the organization for the future, not implementing a downsizing. In planning any restructuring, managers need a link between the reorganization and the company's ongoing revitalization — a link that traditional methods of downsizing fail to provide.
Step 4: Communicate. A company restructure can be an unsettling experience, especially for employees who may worry how these shifts will impact their careers or futures at the company. This uncertainty is unhealthy both on an individual level and for the company as a whole. As you go about the process, be transparent with your intent.
Image: . While mine planners need to design and implement plans that are safe and environmentally sustainable, the …
Licences and concessions. The value of any project company is underpinned by its rights to develop and exploit the mine. Licences and concessions or other contractual arrangements (such as production sharing contracts and joint operating agreements) in the resources sector typically contain change of control restrictions, provisions requiring the owner to …
Audit first. Move second. 2. Compile, prioritize, and synthesize your inputs by naming the key principles around which you want to change your operating model. As you develop your framework of requirements and constraints, it will be helpful to establish the tenets you want to use to communicate your changes.
All manuscripts are thoroughly refereed through a single-blind peer-review process. ... It is important that the strategic mine plan makes optimum use of available resources and provides continuous quality ore to drive sustainable mining and profitability. This requires the development of a well-integrated strategy of mining options for surface ...
BHP has started shedding jobs in Australia as part of a major restructure of its global operations spanning mine planning to maintenance, logistics, decarbonisation and heritage protection.
In this journey, we delve into the transformative potential of AI in mine planning and scheduling. We will unveil how it's aiding in the determination of the most profitable sequence of extraction and optimizing operational efficiency, promising to redefine the art of mining in the digital era. Join us as we step into the future of mining.
Mining simulation is widely applied in case of short-term mine planning, mostly based on modelling the internal mining process and parameters and on implementing a model for different case studies. A comprehensive review is provided for the aforementioned issues, commercial software packages and programming languages.
An example of a strategic change to an open pit mine plan as metal prices rise and therefore allow production access to deeper ore. This is Part 2 of the insight focusing on the mining strategy selection by using evaluations as a method. Part 1: Early phase concept development in mining operations focuses on the early phase of mine …
One approach that has been suggested is to increase the firm's financial leverage (so it has less of a cushion when the business begins to suffer); another is to increase senior managers' equity stake so they are directly rewarded for restructuring that enhances value. Such approaches are not widespread, however. 8.
Article. Optimizing construction time, cost, and quality: a hybrid AHP-NSGA-II optimization model. 1 Introduction. Underground mines are a unique …
6 Review and adjust the process. The sixth and final step is to review and adjust your restructuring process based on the results and feedback that you have gathered and analyzed. You should ...
However, despite the existence and application of these planning and scheduling guidelines and mathematical optimisation models, the inability to consistently deliver on planned mineral output in a dynamic operating environment is still one of the biggest challenges faced by underground mining operations to date (MacLean, …
Often, an employee's first concern about restructuring is if they still have a job within the new organization. They want reassurance of continued income so they can remain financially secure. Whether you expect the reorganization to include layoffs or restructuring of roles, be honest with your employees so they trust you throughout the …
Impala Rustenburg's mining 'footprint' reducing from 11 to six operating shafts as operations conclude at end‐of‐life and uneconomical shafts. The Platinum Group Elements (PGE) mill grade is expected to increase through this transition phase from 4.09 g/t in FY2018 to 4.25 g/t in FY2021 and the Merensky:UG2 ratio will increase from 42 ...
Company restructuring is the act of changing the business model a company operates under so that it's better equipped to excel. While some companies undergo restructuring due to financial pressures, this isn't the only reason for restructuring. The purpose of restructuring is to change the company for the better and create a strong …
The key to successful organisational restructuring is careful planning and implementation. A well-structured plan should include objectives to be met, timelines for key milestones, and strategies to …
Abstract. Mine planning is the process that determines the way in which an ore deposit will be mined over the life of a mining operation. It necessarily draws on everything that planning engineers believe will determine the ultimate success of the proposed mine and uses as its foundation all of the geology-related data on the deposit.
February 20, 2014 6. Mine Planning: Managing Your Geological Resource. TASKS – to determine the complexity of an Extraction Plan Basic Extraction Plan Task 1 - Desk Top Review (Gap Analysis) Task 2 - Site Visit More Complex Extraction Plan Task 3 - Geological Model Task 4 - Extraction Design Task 5 - Resource Estimation Task 6 - …
The mine planning process involves short-, medium- and long-term plans. These different plans are aligned to ensure that the mine's strategic objectives are implemented effectively and seamlessly. Short-term plans. Short term plans provide detailed procedures on how to successfully execute the mine's operational objectives. They …
The concept of mine planning and design uses a mine production scheduling process in three ways: (a) Short term planning. This is where a day to day planning process is involved. Depending on the type of ore extracted and the tonnage, the time frame can take one day to one or 2 months. The advantages of short term plan is …
The process should encompass strategic, business and operational mine planning and fully integrate all stakeholders – including management, geology, mine …
Strategies for Mine Planning and Design. P. A. Dowd, C. Xu & S. Coward. Chapter. First Online: 19 January 2018. 2085 Accesses. Abstract. This paper provides an assessment of the current challenges in …
A rigorous planning process is essential to capturing the cost savings and production benefits that excellent turnaround maintenance can provide. As shown in Figure 1, the foundation for turnaround maintenance management is a company's overall maintenance strategy, which includes preventive, corrective, predictive, and turnaround …
courts in relation to the restructuring plan. A key feature of the restructuring plan, which is a first in English law, is the ability to implement a cross-class cram-down. This is a concept borrowed from the U.S. Chapter 11 process and its absence from the existing scheme was perceived as a weakness of that process. Subject
A Review of Operations Research in Mine Planning. Alexandra M. Newman., Enrique Rubio., Rodrigo Caro., Andrés Weintraub., Kelly Eurek. Published Online: 7 …
An integrated planning process, working in a hierarchy from long term to short term, is essential. Longer-term plans set the overall strategic direction. Progressively shorter …
and short-term mine planning and the related challenges. In this paper, the aim is to review underground short-term mine planning. The mining process will continue by …
case-studies in underground mine planning and optimization. This Special Issue aims to collect and present high-quality and new research that address recent advances in underground mine planning and …
Restructuring is a type of corporate action taken when significantly modifying the debt, operations or structure of a company as a means of potentially eliminating financial harm and improving the ...
The Mines Act regulates all mining activities in British Columbia – from early exploration to development, production, reclamation, closure, and post-closure. A permit must be in place before any work in, on, or about a mine can occur. Permits are issued by the Chief Permitting Officer under section 10 of the Mines Act, and are administered ...
Jélvez et al. ( 2020) looked at incorporating uncertainty into the mine planning process by representing geological uncertainty as a series of stochastic …