“Start small and think big” is advice often given to startup companies. And it makes sense—up to a point. When you select business management software to support your young mining company, starting small can end up inhibiting your ability to grow your mining operation with maximum efficiency (and profitability). So, here we offer five reasons to think smart, not small, implementing a mining ERP solution early in your company’s operation.
As the global economy has started to recover from the pandemic, metals and mining prices have gone up. The breakthrough of pent-up spending, new government stimulus programs, and an accelerated global energy shift has prompted an increasing demand for most metals. However, there are also risks for miners in 2022.Let’s look at the mining sector and considerations for improvement as we lay a foundation for tomorrow.
Mining equipment maintenance costs range from around 30 to 50 percent of overall mine operating costs — and are increasing steadily. When a single cost category carries so much weight, it deserves attention.