Mining

How Integrated Solutions Optimise The Mining Lifecycle

August 16, 2022
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In the past 50 years, metals have fluctuated in the global market by 500%. We have all seen the volatility of mining commodities and each of us in the resources sector eagerly wait for the commodities we’ve backed to increase in demand and gain greater traction. 

In 2021, strategic planning for every stage of a mine lifecycle was essential for operational success. Operations are required to run lean so that when the ebbs and flows of global demand fluctuate; your business is set up with efficient processes, data exchange and analytical trends showing which aspects of the business are surging up costs.

During these fluctuations, a mine's digital position will determine whether the operation can financially sustain procedures during the downturn or whether the three other options are imminent; for example:

  • Acquisition
  • Focusing on site maintenance
  • Imbedded voluntary administration

 

Subsequently, it becomes very clear as to which miners have advanced their operations with the introduction of digital transformation. It's generally the miners who haven’t invested in technologies that will no longer have a practical operation. 

Fundamentally, it comes down to the fact that the development wasn’t transparent or integrated. They have all these different processes and programs with varying data inputs that do not communicate. This makes it hard to analyse where a site is positioned at any given moment.

For instance, a mine without digital technology like Obzervr would have a lot of trouble identifying the exact cost to run the second processing plant at 50% load in comparison to the cost per tonne (CPT) on the spot market and contracted CPT.

‍You can then ask yourself these questions:

  1. Would it be better to increase personnel to provide more, or to the secondary processing plant to take it to 100% load and get a better CPT rate on the spot market?
  2. Would it be better to decrease operational personnel and turn the second processing plant off?
  3. Would the site have enough money to employ more maintenance operators to do some opportunistic maintenance whilst the secondary plant is off?

Essentially, they don’t know the best course of action to take in this scenario. Therefore, how can you make an informed decision without the facts? To fill this information gap,

Obzervr and Scope Systems offer their customers a partnership enabling digital transformation and integrated solutions across the many stages of a mining lifecycle. While the answer varies for each customer, one thing that always remains intact is the focus of our technologies and commitment in delivering optimisation across every aspect of their operating modules.  

Find out more about the Scope System and Obzervr partnership head to our website.

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