Digital transformation and business improvement

$80Min potential annual benefits identified

25%reduction in company all-in sustaining cost (AISC)

470unique improvement ideas generated

60%of projects slated to start in 2020 are in digital and automation

Challenges

Operations at two facilities were suspended due to market weaknesses in uranium.
The facilities have remained in care and maintenance since 2017.
As part of the evaluation of options to reopen production, the client considered how the projected cash operating costs, specifically measured as AISC, for the two facilities could be reduced through a combination of digital technologies, optimizing process improvement and other targeted capital expenditure.

Solutions

孵化approached the challenges by tackling them on two fronts:
- Idea generation and prioritization to identify cost reduction and process improvements.
- Development of a digital transformation strategy to ensure the organization is ready for technical and organizational changes.
Generated 470 improvement ideas, sixty of which were targeting to commence in 2020 and bring the two facilities back to operation.
Developed the building blocks of a successful digital transformation by defining the "mine of the future" strategy.

Highlights

470 unique improvement ideas were generated.
$80M in potential benefits were identified.
25% reduction in company AISC.
16 Hatch Subject Matter Experts (SMEs) engaged in the project.
60% of projects slated to start in 2020 are Digital & Automation.
Developed an initiatives road map for 2020 to 2022.
Develop vision and strategy for mine of the future and the necessary steps to get there.

Project numbers

470unique improvement ideas were generated.
$80Min potential benefits were identified.
25%reduction in company AISC.
16孵化SMEs engaged in the project.