Unit Cost Management
Unit Cost Management
Overview
Optimize unit cost management for enhanced mine profitability
Effective unit cost management for mine production efficiency can be challenging in volatile markets where commodity prices fluctuate frequently. Maintaining unit cost targets can also be affected by fluctuations in electricity and fuel, ore variability and required mining methods, as well as labor costs.
Being subjected to various environmental, safety, and labor regulations, unit costs can also rise with the cost of complying with evolving regulations which often require investments in equipment, technology, and processes.
While prioritizing safety, sustainability and digital transformation initiatives often leads to long-term benefits and investment prospects, an initial increase in unit costs is also possible. Striking the right balance between cost management and change initiatives is, therefore, often a tricky feat for mining companies.
Key Client Challenges:
- How can we reduce our overall unit production costs without compromising safety and quality?
- How can we leverage technology, such as data analytics and automation, to improve our cost management practices?
- What strategies can we use to adapt to fluctuating commodity prices and market conditions while maintaining cost competitiveness?
- What are the best practices for managing labor costs while maintaining a skilled and motivated workforce?
- What steps can we take to enhance the energy efficiency of our mining operations and reduce energy costs?
- How do we develop adaptive contingency plans and scenario planning that factor in external factors such as geopolitical events that may affect unit costs?
Continuously optimizing mining and processing operations to reduce waste, increase recovery rates, and improve overall efficiency can significantly decrease unit costs. At Unison Mining, our subject matter experts can work with your team to develop and implement the processes, systems and clearly defined KPIs to reinforce new ways of working and long-term behavior changes – allowing improved mine productivity to manage unit costs effectively.
Lacking data to validate or support key business decisions
Lack of knowledge to define a cohesive business or data strategy
Low speed to market and trouble adapting quickly to customer and market needs
High operational costs due to lengthy data processing times
OUR PERFORMANCE MANAGEMENT SERVICES
Operational Goal Setting
Root Cause Management
Energy Efficiency
Finance & Budgeting
Real Time Controls
Contracts & Contractor Management
Unit Cost Management
Issue Escalation
RACI Project Management
WHY UNISON MINING
Experience
Our mining experts have experienced first-hand the day-to-day complexities and issues that arise at the mining face, giving them a higher level of understanding and insight to meet your challenges.
Practical Solutions
By implementing level-appropriate transformation tools, our behavioral and cultural change methodologies, data management, and analytics, our goal is to create a sustainable and positive impact on your mining operations.
Results-driven
We go beyond strategy to offer a direct and measurable approach to success. Our commitment extends to delivering real business outcomes and helping your team sustain those changes for the long haul.
