Key Takeaways
Mining companies are facing increasing pressure to bring on
replacement volumes in the next decade, as ore body depletion
accelerates and infrastructure approaches end of life.
This is against the backdrop of worsening construction
productivity, increasing regulatory hurdles and development cycles,
declining contractor capability, and ineffective commercial models
that don't adequately protect owners from cost and schedule
overruns.
These factors are seeing owners spend ~60 percent more to
generate the same output compared to 25 years ago.
By adopting addressing root-causes with a consistent approach
from the very beginning of project scoping, and adopting six key
strategies, miners could reduce construction costs by 25-40
percent, dependent on the scope and project context.
