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Helping a major precious metals miner optimize its operating model, leading to US$500 million value improvement
Helping a major precious metals miner optimize ...
Refining operations for volatile conditions.
A global precious metals mining company faced challenging macro-economic conditions, an oversupplied market, cost inflation and a deteriorating competitive position. Management had declared a US$500 million cost reduction target and engaged a team of Global Strategy Group's (GSG) professionals to review their operating model across all direct production activities and indirect functions.
GSG helped identify and implement value opportunities, worth US$500 million, into a new operating model that promoted safe production, accountability and excellence, and enabled a simplified structure. These opportunities included:
- Improved labor productivity through a reduction in blasting losses and optimized crew skill mix and contractor ratios
- Integrated production planning to reduce production variability and improve production plan accuracy
- Reduced consumption of mining materials through better monitoring, standardized materials/equipment, improved reclamation and salvage repair
- Improved efficiency through a shared services model for indirect functions.
Unless the context otherwise requires, throughout this website “Global Strategy Group”, “GSG”,
“KPMG”, and “KPMG network” (“we”, “our”, and “us”) generally refers to the member firms of
the KPMG network of independent firms affiliated with KPMG International, a Swiss entity that
services as a coordinating entity for the KPMG network. KPMG International provides no client
services.