The Industrial Minerals Business is Changing…
5 Key Challenges Impacting Industrial Minerals Producers.
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Consolidation and competition have driven the demand for higher quality and better understanding of resource availability. Changes both within and outside of the industrial minerals sector are disrupting every aspect of the business.
An industry accustomed to largely stable and steady demand is facing increasing pressure to optimise efficiency and profitability by streamlining operations for maximum productivity.
Download our eBook to further understand the 5 key themes challenging the industry to change.
CHALLENGE 1: INCREASED COSTS
Fluctuating additive costs and the need to maintain consistent quality standards can result in additional expense for third-party materials.
Quarry operators require an effective means of assessing actual third-party materials needs and eliminating excessive stockpiling.
CHALLENGE 2: LIMITED PLANNING
Limited time spent on planning, not enough inputs into the planning process or disruptions to medium- and long-term plans can create suboptimal safety and efficiency conditions.
Quarry operators need robust, reliable plans that support confident decision making while allowing them to react to changing conditions.
CHALLENGE 3: LIMITED DATA VISIBILITY
Decentralised, localised storage of business data can limit management’s ability to leverage critical information for planning, reporting, and forecasting purposes.
Operators need centralised, standards-based data management and viewing capability incorporating information from multiple locations.
CHALLENGE 4: SPECIALISED SKILLS LIMITATIONS
Limited staff availability for geological modeling and mine design, along with time demands exceeding their capacities, can result in diminished quarry effectiveness and productivity.
With qualified specialised personnel in short supply, operators need to maximise the productivity and effectiveness of staff members to sustain operational efficiency.
CHALLENGE 5: INCREASED REPORTING REQUIREMENTS
Investors, customers and regulators increasingly demand more detailed and more accurate reporting regarding reserves, production capabilities, and other aspects of operations.
Quarry operators need access to accurate, up-to-the-minute data in virtually all aspects of operations in order to be compliant.