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Hatch advised on roadmap to generate over $80M in potential annual benefits using mine of the future digital technologies.

Digital transformation and business improvement

Defining the mine of the future

North America | 2019

$80M in potential annual benefits identified

25% reduction in company all-in sustaining cost (AISC)

470 unique improvement ideas generated

60% of projects slated to start in 2020 are in digital and automation

Challenges

  • Operations at two facilities were suspended due to market weaknesses in uranium.
  • The facilities have remained in care and maintenance since 2017.
  • As part of the evaluation of options to reopen production, the client considered how the projected cash operating costs, specifically measured as AISC, for the two facilities could be reduced through a combination of digital technologies, optimizing process improvement and other targeted capital expenditure. 

Solutions

  • Hatch approached the challenges by tackling them on two fronts:
    - Idea generation and prioritization to identify cost reduction and process improvements.
    - Development of a digital transformation strategy to ensure the organization is ready for technical and organizational changes.
  • Generated 470 improvement ideas, sixty of which were targeting to commence in 2020 and bring the two facilities back to operation.
  • Developed the building blocks of a successful digital transformation by defining the "mine of the future" strategy.

Highlights

  • 470 unique improvement ideas were generated.
  • $80M in potential benefits were identified.
  • 25% reduction in company AISC.
  • 16 Hatch Subject Matter Experts (SMEs) engaged in the project.
  • 60% of projects slated to start in 2020 are Digital & Automation.
  • Developed an initiatives road map for 2020 to 2022.
  • Develop vision and strategy for mine of the future and the necessary steps to get there.

Project numbers

470 unique improvement ideas were generated.
$80M in potential benefits were identified.
25% reduction in company AISC.
16 Hatch SMEs engaged in the project.

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