Friday, 22 March 2019
Mining Projects: Six Pitfalls that Threaten Delivery

Mining Projects: Six Pitfalls that Threaten Delivery

Although it’s equally true of other industries, it seems that the mining industry doesn’t have a great record of on schedule and on-budget project delivery. Moreover, it also seems that it’s not very good at learning from experience either, and a cynical observer might be excused for thinking that the same old mistakes are being repeated time and again.

What are the factors that contribute to sub-optimal project delivery? These tend to include:

  • Poorly understood geological and geotechnical aspects of a deposit, leading to inappropriate mine and process flowsheet designs
  • Inadequate metallurgical test work
  • Funding availability during the investigation and engineering phases
  • Overly optimistic development schedules
  • Human factors, including over-optimistic expectations that are spurred on by the need to promote project attractiveness to prospective investors
  • Insufficient preparation for construction and operations during the Feasibility Study (FS) phase
  • Insufficient engagement with local communities, stakeholders, regulators, government agencies and NGOs

Find further analysis in Willis Towers Watson's report attached below. 

Image

Related Documents

526
«March 2019»
MonTueWedThuFriSatSun
25262728
28/02/2019 4:00 PM - 6:00 PM
6183

Contractors Panel Smart Mining Networking Event

Location: Rydges World Square, 389 Pitt St, Sydney NSW 2000

Read more
123
45678910
111213
13/03/2019 12:00 PM - 2:00 PM
6205

Ian Hedley Champion of Innovation CEO Leadership Lunch

Location: Quality Hotel NOAH'S On The Beach, Zaara Street, Newcastle NSW, Australia

Read more
14
14/03/2019 12:00 PM - 2:00 PM
6118

BlackEarth Minerals CEO Leadership Lunch

Location: Deloitte Perth Brookfield Place, Tower 2 123 St Georges Terrace Perth, WA 6000

Read more
151617
181920
20/03/2019 9:00 AM - 21/03/2019 5:00 PM
6128

GMG Secure and Integrated Energy and Mining Systems Forum

Location: Adelaide Convention Centre, Panorama Rooms, North Terrace, Adelaide SA, Australia

Read more
21
20/03/2019 9:00 AM - 21/03/2019 5:00 PM
6128

GMG Secure and Integrated Energy and Mining Systems Forum

Location: Adelaide Convention Centre, Panorama Rooms, North Terrace, Adelaide SA, Australia

Read more
222324
25262728293031
12
2/04/2019 4:00 PM - 6:00 PM
6234

Anglo American Smart Mining Networking Event

Location: Hotel Grand Chancellor Brisbane, Leichhardt Street, Brisbane City QLD, Australia

Read more
3
3/04/2019 5:00 PM - 6:00 PM
6027

Austmine New Member Welcome - BRISBANE

Location: Little Big House 18 Southpoint, 271 Grey St, South Brisbane QLD 4101

Read more
4567

Filter Events

Filter:

Filter by Categories


Reset Filter

GET SOCIAL

SUBSCRIBE to our newsletter

Loading

Austmine

 

OZ METS Hub

WonderWebs.comTerms|Privacy|Copyright © 2019 Austmine | Mining Equipment, Technology and Services (METS) Sector
Back To Top