Why productivity in mining has decreased?
Management operating systems have been implemented to help companies improve different aspects that define their success. Using the right tool to manage and control all your operations could cause a positive impact and can be highly beneficial for you company
Unfortunately, management software has been neglected for some who believe that everything is working well so nothing has to change.
A clear example of this is the research made by McKinsey which shows a significant decrease in mining efficiency compare to other industries.
Worldwide mining operations are as much as 28 percent less productive today than they were about ten years ago (read full article here).
Having said that is clear that something is failing inside the mining industry and it is important to find solutions to improve these statistics. It’s important to mention that there are some ways to improve productivity more effectively, but companies need to understand that new technologies must be applied to have the better results.
These are some of the solutions to solve this issue.
- Wanted: A better measure of productivity performance in mining
- A new way to measure productivity in mining operations
- Time to face the facts!
- Evaluating individual mine performance
- Addressing the industry’s productivity challenge ( see article)