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Optimizing Mining Projects: A Total Value Optimization™ Case Study

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This case study is about how a mining company faced significant challenges in their reclamation project due to a combination of factors like lack of resources, accountability, communication, and poor planning. Despite attempts to bring things under control, the situation seemed to deteriorate. However, by adopting an end-to-end supply chain view, rooted in a Total Value Optimization (TVO)™ perspective, the company was able to identify and rectify root causes, leading to substantial improvements.

Challenges Faced

  • Project falling behind schedule.
  • Morale sinking, with a blame game replacing leadership.
  • Cost overruns.

Core Issues

  • Lack of resources.
  • Lack of accountability.
  • Poor communication.
  • Absence of effective planning and scheduling.


Solution - Total Value Optimization (TVO)™ Perspective

  • Recognizes the interplay of planning, procurement, operations, and logistics.
  • Shifts in thinking about supply chain as an interconnected continuum.
  • Importance of trustworthy data, clear communications, and on-the-ground oversight.

Results

  • 16% increase in productivity in one month.
  • 25% reduction in breakdown times.
  • 30% improvement in materials moved.
  • Dozers & excavators refueled by the start of each shift.
  • 7,000+ additional metric tons moved per month.
  • Transition from intermittent to weekly planning meetings.

Lessons Learned

  • TVO and trustworthy data are crucial for propelling complex projects.
  • Ensuring alignment across planning, procurement, operations, logistics, and communications can drive successful project completion.

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