Yes, you are reading this right, procostination, not procrastination is most likely stealing value from your business. What is procostination? It is (apart from a word i made up) the action of delaying or postponing spending money on something that will deliver value. I am sure you have countless examples of where you have seen this or even done it yourself.
Anyone who has done FIFO or DIDO probably has countless stories about their camp experiences. Equally positive and negative I am sure.
Having spent over a decade doing FIFO myself I was recently reflecting in a discussion, with a new graduate on what my experiences were like.
If you shut your eyes for a second and visualise this, a person trying to stuff an octopus into a suitcase. Arms going everywhere, a few arms go in and then others come out, trying to close the lid, it is just not going to happen. Have you ever been so busy that you feel like this could be you, or are there people in your office that are like this all the time?
Making decisions is a critical part of running any business, the success of your company depends on it. Most situations are not necessarily black or white; there is often greyness in issues you confront on a daily basis. Getting comfortable with the greyness or uncertainty in any choice is key to maintaining momentum.
With more than 20 years’ experience in the coal, copper and gold-mining industries, David is a highly experienced and versatile mining operations and technical professional. He joined MEC in February, 2015 as a Principal Mining Engineer and is highly adept at delivering successful mining projects. Prior to joining MEC, David has held high-level operations and technical roles such as Mining Superintendent at CST Minerals Lady Annie Pty Ltd and Operations Manager and Superintendent Operations Planning at BHP Billiton.
Continue reading “David Plowman – MEC’s Experienced and Versatile Principal Mining Engineer”
Life of Mine design, scheduling and financial reviews have recently been completed by MEC Mining for two major underground coal resources in the Bowen Basin. The critical success factor was timely completion to meet business requirements and our Senior Mining Consultant Geoff Watson delivered the optimised production scenarios in around 3 weeks. In addition, capital and operating cost models were reviewed and updated to generate LOM financial evaluations.
Lately I’ve noticed an increase in the market trend of insourcing and outsourcing. What is the difference in value creation for your organisation? Which one will serve you best?
These are the questions companies need to ask themselves in the current cost-pressurised environment. Will it work best for you to insource, by bringing in a third party to work from within your company? Or will you be better off outsourcing, by transferring portions of work to outside suppliers, rather than completing it internally?
Continue reading “Insourcing Vs Outsourcing: What’s Best For Your Business?”
With the recent spike in the coal price many open cut coal mines are looking at bulk dozer push as a strategy to increase the overall stripping and uncover more coal. Bulk dozer push can be applied in most situations where the coal dip is less than 20 degrees and has the following advantages:
Continue reading “Benefits of Bulk Dozer Push for Open Cut Coal”
With a birthplace in the heart of the Yorkshire Coalfield (UK), Geoff has over 33 years experience in the operational, technical and financial aspects of the mining industry. He has managed and mentored mining and technical personnel from coal developments, longwall operations through to technical services and major contracts.
Continue reading “Geoff Watson – MEC’s Underground Coal Expert”