Optimizing project value by defining and modelling key drivers in the concept phase. Industry, materials, propulsion and voidcraft the area provides access to several key points, including. Example kpis for the mining industry, updated for 2020. Pdf on jan 1, 2009, peter knights and others published value trees. Mec mining has a team of skilled and experienced mine planners, undertaking work on mining studies across various commodities and mining methods. This approach categorises maintenance costs using a cost driver tree as shown below and then uses a workshop approach to unpack the likely savings in each category to arrive at the value potential for a particular program. Performance engineer, asset management group, rio tinto iron ore. Calculating the expected monetary value emv of each possible decision path is a way to quantify each decision in monetary terms. Value driver tree generation to understand purchase decision levers in the key customer categories of hard rock and coal mining. It also provides a set of questions to help mining executives assess their value creation plans. Of course, the value driver tree needs to be tailored to the improvement initiative and the model below will not be applicable in all circumstances. In this lesson, well take a closer look at them, their basic characteristics, and why they are so useful. Pwc russia value driver modelling can help a mining companys management to address a whole range of important issues 2 recently, mining companies costs have gone up significantly and many companies in the. Optimizing project value by defining and modelling key drivers in the concept phase h.
Visual bi solutions acquires dolphin dynamics labs value. Mining engineering is associated with many other disciplines, such as mineral processing, exploration, excavation, geology, and. Addressing the challenges of value creation for mining companies, this report considers the performance of the industry over a tenyear period, identifying and understanding key drivers of superior performance in value creation. Learn more mec mining is a global mining consultancy specialising in mine planning, onsite management and technical services solutions for the international mining industry. Sap analytics hub enables sap analytics cloud to provide users with a single point of access to analytics from multiple sources across the organisation, whether they are cloudbased or on premise. Mining engineering is a field of engineering that deals with the design and creation of mines for the efficient recovery of minerals. However, before i provide some more detail on a specific example, i would like to explain what a vdt is and how it is used. This is why we deliver high quality work that enhances the value of our clients projects and our team of experienced consultants bring a diverse range of knowledge to each project. Value driver trees currency translation enterprise support 247 support customer success manager request a quote. Independent mining engineering consulting and management.
Set the minsplit to 2 and set the maxdepth to its maximal value 30. Using regression trees for forecasting doubleseasonal time. The technical personnel includes geologists, mining engineers, mine planners, grade control engineers, drillingblasting engineers, mineral processors, process metallurgists, etc. Its a five stage process and weve broken it down using gifs. This can include surveying and mineral discovery, planning and operating mining extraction and processing facilities or overseeing refining processes or site remediation. Provision of consulting services including technical and engineering study management for order of magnitude, prefeasibility and bankable feasibility studies. Longwall mining conventional, longwall top coal caving punch and plow. Each branch of the decision tree represents a possible. Mine closure and completion v foreword the australian mining industry is well aligned to the global pursuit of sustainable development. Lane and wylie 2014 also developed a value driver tree model that identifies key value drivers along the mining value chain and demonstrated that in order to create value, key performance indicators kpis need to be aligned across different functional disciplines in a mining production system. Value driver modelling with archimedes facx for optimising mining company operations.
A commitment to leading practice sustainable development is critical for a mining company to gain and maintain its social licence to operate in the community. Water related factors are integrated throughout this section in terms of how they may influence some of the topics discussed below. She was at all times a very professional and courteous colleague who finds innovative ways to apply her skills to add value to the work. At the peak of the mining boom in australia it was vogue to use value driver trees to analyse your mining operations and to answer questions. Value driver trees like this one are usually linked into roic trees, which are in turn linked into multiperiod cash flows and valuation of the business unit. Mining engineers use science and engineering principles to safely extract minerals and provide raw materials for industrial processes. Mining engineer, mechanical engineer, downer multiple opportunities and more on. Newmont offers university students and recent graduates opportunities to gain realworld experience with a global leader in responsible mining. At mining examiner, we mind about the lighter side of the business, so heres a list of the best mining related memes. Engineering research area is comprised mainly of the fields. Pwc canada was engaged by the lands and minerals sector of natural resources canada to conduct a study on canadas minerals and metals sector in support of the.
Using regression trees for forecasting doubleseasonal time series with trend in r. Cash operating costs per barrel of oil equivalent boe change time time between cycles. This course provides a basic introduction to the fundamental operations involved in mining engineering. Business or project decisions vary with situations, which inturn are fraught with threats and opportunities. Our team of established consultants and engineers are experienced across a range of underground coal mining methods and evaluation techniques. Paradoxical activist just to use in case of emergency is taking a picture of my veggie meal an emergency. Sap analytics cloud is available through an annual subscription fee. Topics to be covered include stages in the life of a mine, resources evaluation, mine planning and design, surface and underground mining methods, drilling and blasting, rock support systems, haulage and hoisting, mineral processing, mine safety and environment. A mining engineer is somebody who is academically accomplished in the engineering discipline of extraction of minerals from underneath the ground, above the ground or on it. Principal mining engineer geoff watsons second vblog on value driver trees for underground coal. Understanding critical paths and real value drivers on a per. We are thrilled about todays announcement as value driver tree is a. To put it mildly, asteroid mining is going to be complicated. Value driver tree i have been involved in the development of a number of value driver trees vdt related to the mining sector.
Rio tinto is a leading global mining and metals company where. Isaac dzakpata, senior research engineer and kristyn zoschke, mechanical. Mining companies looking at mergers as the industry prepares for the. Data mining in software engineering dbnet research. Role responsibilities included benchmarking to confirm schedule assumptions, infrastructure design and management plan development, projections of operational material requirements, value driver tree development for scenario analysis, government reporting support, pit visualisation, software. A wellestablished mining company is looking for an experienced supervisor mechanical engineering to be based in the north west. Understand the end to end mining value drivers to be able to communicate and exchange ideas with the customer. Visual bi solutions acquires dolphin dynamics labs value driver tree.
Integration link multiple data sources and value driver trees together to break large complex operational models. Knowledge of the key value drivers in the mining industry. We have expertise in mineral exploration, economic geology, mining geology underground and open pit, mine engineering and development, infrastructural and socioeconomic dynamics, statutory. We offer services outside of mining engineering through our consortium of industry partners. Visit payscale to research mining engineer salaries by city, experience, skill, employer and more. Putting a value on maintenance and reliability improvement.
Associationrules mining hasattracted considerable interest because the rules provide a concise way to state potentially useful information that is. Pw c value driver modelling feb 2009 email final slideshare. Optimizing project value by defining and modelling key. Bachelor degree in mining engineering or related fields with at least 6 months experience as coal processing engineer or related position. Gifs the 5 stages of the mining life cycle operations. June 22, 2015 december 12, 2019 reuben kearney at the peak of the mining boom in australia it was vogue to use value driver trees to analyse your mining operations and to answer questions like should i buy more trucks or am i better off with more excavators. Resources policy special issue on mineral economics. Kate hobbs manager studies prominent hill oz minerals. Value, not cost, became a key driver for most mining companies. Dtreg includes a variety of methods that can be found in expensive predictive modeling software, but dtreg. Pipware capital supports our process for defining and optimising capital project portfolios, improving the economics of individual projects, and managing the execution on time, on budget, with full results.
The southern african institute of mining and metallurgy. Innovative tool to assess the value of new technologies austmine. The final approach discussed here relates to determining the value of an improvement program targeting risk. Another popular bottom up approach for determining improvement benefits is the cost driver tree approach. David lloyd, ceo and cofounder of fredsense technologies, sheds light on the revolutionary science and technology hes used to change the way mining companies across canada test their water resources.
As a vacation student in environmental engineering at bhp billiton olympic dam i was given a project to complete in. Mining oil and gas utilities financial services financial services. Grade 12 hold a relevant mechanical trade certificate certificate have at least 5 years relevant experience as an artisan the successful candidate will be responsible for ensuring legal compliance, planned maintenance, equipment availability and assist. Sales force effectiveness for a mining consumables company. The mineral corporation was established in johannesburg in 1997 and is home to a wellinformed, globallyfocused corporate and technical advisory team of geological and mining sector professionals. Figure 2an example of a value driver tree the value driver tree is useful because. Newmont corporation home newmont mining corporation. These billion dollar complexes consist of various interconnected projects, operating simultaneously to deliver refined commodities like gold, silver, coal and iron ore. Pw c value driver modelling feb 2009 email final 1. Decision trees, and data mining are useful techniques these days.
The manufacturing engineers focus is to design, develop, test, and evaluate integrated systems for. This note specifically focuses on the inherent differences in risk assessment and the importance of different value drivers to shorter term mining investors relative to longer term mining investors. The mining engineer will be responsible for providing technical support and mining. How is africa prepared from a mineral and mining engineering. Mining engineers work in all kinds of mines and environments to provide critical materials e. Engineering assistance to all srmg properties, pits and quarries. Mec mining understands that quality of outcomes is paramount and people and experience matter.
Mining engineering jobs combine geology, mineralogy, surveying and geotechnical engineering to determine the best methods of extracting minerals and metals from the earth. See the complete profile on linkedin and discover justines. Read on to discover more about the world of mining. The value driver tree enables line of business lob leaders align faster with executive vision by linking business kpis and its operational drivers thereby allowing businesses to model, plan. Mining is definitely a serious business, but some of the people in the industry can still be funny. Kersop chantel project managermetallurgist anglogold. Financial valuation, financial physical modelling, performance benchmarking and value driver tree analysis. Third international platinum conference platinum in transformation, the southern african institute of mining and metallurgy, 2008. Decision tree analysis example calculate emv in project. Justine sorensen assistant plant manager martin marietta. Value driver modelling with archimedes facx for optimising. Owner of department value driver tree, monthly value driver modelling. Directorprincipal mining engineer at bear mining pty ltd. A decision tree is a schematic, tree shaped diagram used to determine a course of action or show a statistical probability.
Using regression trees for forecasting doubleseasonal. Analysis of key value drivers for major mining companies. Graduate work is normally centered around subject areas such as mine planning and development, computer aided mine design, rock mechanics, operations research applied to the mineral industry. The whole of business value driver tree modelling wobvdt. Sap analytics cloud plans and pricing realtime analytics. Dtreg is a great affordable tool for diverse business applications of data mining machine learning. The cynics amongst us would argue that value has been and should always be the primary focus of a mining organisation. Pipware ci an integrated system for managing your continuous improvement pipeline and improving performance management in your business. The 15 fundamental principles of good vdm design june 29, 2015 september 11, 2016 reuben kearney early in my career as a management consultant, a colleague and i were working on a project for a large gold mining company. Total customer service expense, on the lefthand side of the tree, was an expenseline item in the income statement of several business units. Mec mining is a global mining consultancy specialising in mine planning, onsite management and technical services solutions for the. Longterm risk assessment and value drivers for mining.