Excited to share that GEOVIA's Mine Operations Management solution has been featured in Philippine Resources Journal.
PART 1: MINING OPERATION CHALLENGES AND MINE OPERATIONS MANAGEMENT DOMAINS 1 & 2
Mining companies encounter numerous challenges throughout their operations. However, initiatives to mitigate these challenges and improve efficiency are often limited. Most of these limitations emanated from a common factor: the challenge of “poor visibility” in mining operations. A viable solution is to adopt digital transformation in mining operations by incorporating available real-time data into an integrated system— capable of ensuring automatic updates and a reliable source of information. Through this, mining companies not only understand simulations and plans developed but also anticipate potential outcomes.
Various mining industry analysts have found that using non-digital methods in mining operations can lead to a 27% reduction in production time and a 25% increase in data inaccuracy. For a mining company to remain competitive in an industry susceptible to operation challenges, i.e. production processes, workers’ and equipment performances, ore quality, and quantity, compliance to regulations, and inter-departmental collaboration, it needs to embrace digital transformation. Dassault Systèmes Mine Operations Management provides transformative digital solutions for mining companies to achieve excellence in their operations.
Mine Operations Management (MOM) equips mining companies with an integrated system for their mining operations, enabling them to achieve efficient plans and schedules. This system integrates entire operation data into a single repository source of information, known as the “single source of truth”, ensuring complete transparency of the company’s processes from mine to port. By leveraging MOM, we can address the following global mining industry challenges:
- Maintaining competitiveness amidst market volatility.
- Eliminating waste materials, poor communication, and error duplication.
- Improving site productivity and efficiency.
- Utilizing assets and sharing best practices across the value chain.
- Ensuring the utmost level of safety.
- Reducing environmental impacts and achieving sustainable operations.
The transformative digital solution, Mine Operations Management, is composed of eight work packages, split across four domains, namely: Data Management, Material Reconciliation, Operational Control, and Assets Performance. These domains help generate valuable insights from integrated operational data for rapid and informed strategic decision-making. The Data Management consists of Master Data Model and Integration Framework packages essential for material tracking, stockpile management, task and workforce management, machine performance, and asset maintenance. It enables users to manage master data objects such as Site, Material, Location, Equipment, and Operator through manual data entry or third-party source systems. With this, mining companies can ensure efficient and integrated management of critical data required for seamless operations.
Material Reconciliation, on the other hand, consists of Material Tracking and Stockpile Management packages. Material Tracking enables us to track material movements across different stages, i.e. from the least accurate grade estimated in the geological model to the most precise information on shipped material quantity and quality, to account for any inaccuracies. While in the Stockpile Management, users not only can calculate daily stockpile balance, add Survey or Sampling data, analyse inventory levels and trends, create a graphical representation of the stockpile balances and movements, calibrate stockpile using volumetric survey and sampling, enables comparison of different models, track movement genealogy and review stockpile slices for stockpiles with LIFO and FIFO calculation type but can create a different type of analysis such as actual vs plan vs model.
Source: Philippine Resources Journal
Download the journal, article on page 42.
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