“Improving Underground Mining/Ore Extraction Projects ROI Through Process Control: Developing A Corporate Strategy”
No business tool has greater potential to effect change than Process Control. Manufacturing and chemicals have benefited from using this tool for decades.
Businesses ability to evaluate, plan, and react to changing conditions allows them to prosper independent of economic conditions. These survival/performance enhancing skills could never have been applied as successfully without process control. Successful businesses see process control not as a value added option but as an integrated engineered system, designed and built into their business models from day one.
Process control has enormous and profound effects on profitability and sustainability when applied to mineral processing for optimizing recoveries and minimizing waste, however, the mining/ore extraction sector has been slow to adopt integrated process control.
Mining executives who understand this reality have the opportunity to improve the ROI of mining/ore extraction projects. Corporate directives which entrench the use of process control will set the stage for years of compounded returns.
This paper provides the executive with a clear understanding of practical process control issues and a framework to quickly establish a corporate strategy flexible enough to meet the needs of specific operations without compromising corporate objectives. The common approach of applying process control as a blanket cure all is replaced with a systems engineering approach based on analyzing the mining/ore extraction process from first principles.
Keywords:
Extraction, Process, system, Profitability, Sustainability, Corporate, Engineering, ROI, Strategy, Control
