Changing Company Culture

Canadian Institute of Mining, Metallurgy and Petroleum
Frank B. Amon
Organization:
Canadian Institute of Mining, Metallurgy and Petroleum
Pages:
10
File Size:
222 KB
Publication Date:
May 1, 2004

Abstract

Highland Valley Copper had to make some significant changes in the way it was working in order to counter the effects of ever-increasing costs and decreasing metal prices. A mine/mill optimization plan started in 1997 introduced new technologies and management approaches that resulted in a dramatic drop in cash breakeven costs. The changes involved employee training, added authority and responsibility for staff, better communications, and a consistent approach to setting and achieving property-wide goals. The net effect was to change the culture of the organization from one that was fragmented and focussed on local objectives to one that is cohesive and has common goals. These changes have allowed the mine to remain in business during a protracted period of low metal prices, and have positioned the mine favourably to benefit even more from any future increase in prices.
Citation

APA: Frank B. Amon  (2004)  Changing Company Culture

MLA: Frank B. Amon Changing Company Culture. Canadian Institute of Mining, Metallurgy and Petroleum, 2004.

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