Client stats

 3 largest gold mines in Australia

 2 largest gold miners in world

 2 of the top 3 global miners

 3 of the top 20 ASX listed companies

 


Please click on one of the following links to read the case studies.

1. Gold Mine Cost Reduction

Situation

  • WA gold mine reporting high costs and inability to meet production targets
  • High employee turnover (44%)

Process

  • Optimise rostering arrangements to improve retention and morale
  • Review current cost saving ideas and production initiatives, assist with new ideas
  • Implement mine to mill process to improve production and quality
  • Implement projects to increase production and lower cost structure
  • Adjust existing process (high stockpiles) to a just-in-time (JIT) process to reduce operating costs

Result

  • “I'd like to thank you guys for your assistance during the year. We're having a terrific final quarter and in the last 6 months have completely turned (our mine) around through our measured approach to cost cutting and recruitment, a very successful Drill and Blast QA/QC program and the Just-in-Time ore delivery strategy. Momentum played an important part in bringing those ideas and strategies to fruition.”
    Evaluations Manager

2. Large Mine Accomodation Strategy

Situation

  • Very large WA mine entering construction but no firm accommodation strategy agreed
  • A number of concerns about ability to meet accommodation needs

Process

  • Review feasibility study assumptions
  • Review effect of changes to project schedule on feasibility study assumptions
  • Assess in light of current industry climate

Result

  • Housing gap of 300-600 units of accommodation identified, depending on assumptions.
  • Gap projected not to close until 3 years after commencing production

 

3. Feasibility Study Flight Costing

Situation

  • 360 Mt resource mine in feasibility study
  • 1500 peak manning in construction
  • Impact on flight costs of roster selections unknown

Process

  • Review industry flight costs/options
  • Review airstrip capital requirements for each aircraft
  • Analyse costs based on a range of assumptions/options

Result

  • Optimal aircraft identified and cost estimate prepared

4. Mineral Sands Scoping Study

Situation

  • Mineral sands mining company reviewing options for improving mine life by increasing mine production from 15Mtpa to 40Mtpa

Process

  • Review all potential strategies for mine development
  • Apply as required benchmark and first principle derivation of unit costs
  • Review historical reserve/ resource conversion factors
  • Apply Monte Carlo financial analysis to derive NPV ranges

Result

  • Significant improvement in project economics at lower grades enabling a resource of 600Mt and sustained output of finished product

5. Large Underground Base Metal Mine

Situation

  • Base metal mine suffering low production
  • Inadequate mid and long term mining plans
  • Mining contractor/ client relations poor

Process

  • Project manage the reopening of an old mine
  • Review business planning processes/ recommend solutions
  • Review alterative and upgraded data capture and reporting processes/ recommend solutions
  • Review contract document and update to reflect current needs

Result

  • Reopening of old mine on schedule
  • New data processes capturing live data
  • Revised contract document/ contract management processes