Business Improvement at OceanaGold

- Organization:
- The Australasian Institute of Mining and Metallurgy
- Pages:
- 9
- File Size:
- 334 KB
- Publication Date:
- Jan 1, 2004
Abstract
A low grade, refractory ore gold mine with high striping ratio such as at Macraes is always challenged in ways to improve margins. Common practice approaches used at OceanaGold Ltd Macraes are to maximise grade delivery, optimise recovery and reduce unit costs, as well as take any opportunities to incorporate new technologies and implement enhanced commercial strategies. The Business Improvement (BI) programme was implemented across the Macraes operations in late 2003 and is being rolled-out to all other parts of the business. The core focus of BI at OGL is to: + increase revenue, + reduce cost, and + improve processes. A dedicated BI team comprising of a manager, team leaders and business analysts were engaged to identify and manage a series of opportunities to reduce operating expenses, optimise capital outlays and generate extra revenue. The Business Improvement Programme, though in its formative phase, has begun a cultural change within the organisation. Many people are starting to challenge the way they do things and are looking for ways to continually improve business performance. The BI team encompasses individuals from different departments who can offer the diverse skill set necessary to produce intended results. The current team is made up of a BI manager, BI Team Leaders in Mining and Processing and analysts from Mining, Processing, Commercial and Plant Maintenance workgroups. A team member has recently been formally trained as a Six Sigma Black Belt. ] The BIÆs team role is to assist in the establishment of project management processes for each improvement idea. In addition the team will assist in tracking implementation, identifying and unblocking restrictions and limitations as well as setting up metrics to quantify the level of benefit returned and sustained. From a more strategic point of view, the BI team is advancing the Business Improvement capability of the company by developing long term Communication and Training strategies. These strategies will set the direction of BI initiatives in the years to come to: + educate the OGL workforce in basic BI techniques, + assist the OGL workforce in applying basic BI techniques, + communication the direction of BI in OGL, and + close the information feedback loop to facilitate transparent communication between the OGL workforce and the BI team.
Citation
APA: (2004) Business Improvement at OceanaGold
MLA: Business Improvement at OceanaGold. The Australasian Institute of Mining and Metallurgy, 2004.