Net present value (NPV) is the universally accepted tool for measuring the value of a mining venture. We spend a lot of effort maximizing the NPV by changing all sorts of parameters. Essentially, NPV just converts future cash flows back into today’s dollars by compounding the discount rate ( think interest rate ) into the future. NPV discounts early cash flow less and later cash flow more. Usually, any cash flows that are more than 15 years away are attributed negligible value in today’s dollars.
MEC Mining was engaged by ASX-listed Company operating an open cut metal mine in northern Europe to undertake a full review of their deposit and to produce a Life of Mine Plan (LOM). The goal of the project was to produce a plan that was to be both sustainable and achievable, while maximising economical mining reserves and confidence.
Join us for a free lunch and learn session with Andrew Shek, Strategy and Business Development Asia Pacific-Envirosuite.
EnviroSuite is an innovative, proven technology platform developed to facilitate the management and rapid interpretation of environmental data across water, air and noise. EnviroSuite won the Australian Technology Competition in 2015. It is an integrated, cloud-based system for aggregating, analysing and displaying real time environmental data in a simple, intuitive, portable interface. Used by a wide range of industries and organisations globally, EnviroSuite helps to proactively manage environmental outcomes and risk using high resolution weather forecasting, real time sensor systems, blast and dispersion modelling.
BHP’s commitment to seeking out excellence in mining and setting itself an aspirational goal of achieving a 50/50 gender balance by 2025 company-wide, has recently reached an impressive milestone. New figures show that women now make up a fifth of its 26,000-strong workforce, an increase of 3 percentage points in the year to June 2017 (Hume, 2017).
In light of this inspiring achievement, MEC Mining General Manager of Strategy and Business Development, and Committee Chair of Women in Mining and Resources Queensland (WIMARQ), Maria Joyce reflects on not only the benefits of a diverse workforce, but also the challenges that are likely to accompany these ambitious aims.
Gold is one of the most highly-desired and useful metals in the world. Not only can it be beautifully shaped and sculpted, the precious yellow metal conducts electricity and does not tarnish. These qualities make it the metal of choice for the industrial, medical and technology industries, just to name a few.
Arguably no other metal has been held in higher esteem throughout history, with almost every established culture using gold to symbolise power, beauty, purity and accomplishment.
There is a crunch coming in Cobalt supply as electric cars become more common. There is 25kg of cobalt in the lithium ion battery pack of a Chevy Bolt. Looking down the track 5 years, let’s say that 10% of 78 million cars sold world wide are electric. This will require 195,000 tonnes of additional Cobalt supply each year. Currently the total world production is only 123,000 tonnes, all of which is already needed to make items such as aircraft parts.
MEC Mining General Manager of Strategy and Business Development, Maria Joyce, attended the Women in Resources National Awards (WIRNA) dinner in Launceston, Tasmania in her capacity as Committee Chair of Women in Mining and Resources Queensland (WIMARQ) last Thursday 31st August 2017.
MEC Mining welcomes the return of Chris Catania to the MEC Mining team in the role of Principal Mining Engineer. In his role he will manage the MEC Projects team and be a key member of our leadership team.
Chris previously worked with MEC as a Team Leader in the Brisbane office and returns to us after two years working for Kaz Mineral’s at their Aktogay Copper Mine in Kazakhstan. During Chris’s tenure as the Planning Superintendent in Kazakhstan he managed a large mining engineering team and was responsible for the development of mine planning processes and systems.
Markets are funny beasts, the moment you think you have it figured out, something comes along that makes you rethink your strategy.
Mike Tyson once said “Everyone has a plan ‘till they get punched in the mouth” The dynamic nature of the mining industry makes it not to dissimilar to boxing, in FY12 we got the first uppercut which sent us into a tail spin and for some it was a TKO. The strong ones staggered back to their feet and kept slogging away for a few rounds. FY17 saw the second uppercut come along as a wakeup call to get moving again.
Join us for a free lunch and learn session with special guest Paul Moynagh, CEO – Commit Works. Paul will discuss, IT/OT Behaviour & Cognitive Convergence and will explain why the industry needs flexible planning systems that encourage people to make reasonable commitments to each other so that everyone can work as a coordinated team, every shift.