Mining IQ

Effective Operational Readiness of Large Mining Capital Projects

Africa, along with the rest of the world, continues to push toward significant industrialisation and infrastructure renewal. This is driving a renewed focus on limiting the ever increasing costs that face the mining industry. The implications of the global economic conditions on companies and their cash flows, has forced mining companies involved in major capital projects to revisit the art of achieving or accelerating project ramp-up profiles. The effects of a sub-par performance on a series of capital projects within a company portfolio could seriously hamper growth targets. An area of particular focus where value leakage can be curbed is through effective operational readiness planning and execution.

The capital project lifecycle is typified by financial decision making, technical design and rigorous construction planning and execution. Often project teams underestimate the impact of decisions during project development phases in terms of the practical implications on operational readiness. A significant component of the project life cycle is ensuring the operational readiness of large projects.

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Effective Operational Readiness of Large Mining Capital Projects.

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