Seeking Junior Gold Miners and Silver Miners for Investment. Manage Your Hope & Fear. You really cannot just buy and hold - sell some to greed - buy into fear was never more true but hard to do.
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Thursday, 29 May 2014
Improving Productivity in Mining
Whilst this is a promo article from a software company there are some interesting perspectives from Dundee Precious Metals and Anglogold on how far behind the curve the mining industry is against the lean manufacturing and process control improvements that manufacturers have followed for many years. Basic data capture, controls and visualisation are key. This attention to detail will improve unit costs in a sustainable way which contrasts with simply high-grading mines. For such an incredibly capital intensive industry the focus on operational excellence seems to have been lacking.
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