In an ideal world, mines would only close when their mineral resources are exhausted, but in the real world, there are many reasons when a mine may close prematurely—including economic conditions, geological factors and regulatory changes. Regardless of the cause, mining is inevitably a temporary activity—closure is a natural part of the mining lifecycle.
This is where the action happens—the mine is in full operation and minerals are being recovered—making it a particularly vital and forward-facing phase. How can a Mining ERP solution deliver value during the Production and Operations phase? We’ve uncovered five ways Mining ERP keeps your operation running in high gear.
5 Ways ERP Brings Value During the Mining Industry Development and Construction Phase — More than four out of five mining projects come in late and over budget—and not just a bit over budget—an average of 43% over. That’s a sobering statistic, and one we know you want to defy. As your mining operation moves into the Development and Construction phase, what are the challenges you’re facing and what is the best strategy to overcome them?
As we continue our series where we dig deeper into the five phases of the mining lifecycle, we make an appraisal of the Assessment and Discovery phase. What are the unique challenges mining companies face during this phase, and how can technology— specifically a Mining Enterprise Resource Planning (ERP)—solve for these challenges?