PLAN YOUR DEFINITION OF SUCCESS: Aligning Mining Projects in the Age of Digitalization
by Philippine Resources - April 20, 2021
Bringing the best out of your mine requires tight coordination and collaboration across all the departments in your company – from the moment you prospect it and even up to the rehabilitation stage. That is why it is very important for managers and planners to establish key milestones, track tasks, and ultimately deliver their projects in alignment with the goals of the company.
In attaining responsible mining and as well as efficiently maximizing gains, a transformative approach to project management is key. Whether you are working in the main office or in the mine site, managers and planners require the ability to provide the right information in real-time to the right stakeholders.
There are various complexities that impact a mining company’s ability to execute projects successfully. One of the most common things that should be addressed is that mine data is scattered across several silos. As an industry heavily reliant on data, imagine managing this gathered information from different departments with varying disciplines who produce diverse sets of data – keeping in mind that this comes from multiple numbers of people in dispersed locations.
In addition, there may be times when managers tend to over-allocate resources and team members work on activities which has lower value or priority. With conflicts in scheduling, reporting, and waiting times involved, an increase in non-value activities inevitably come into play.
As a result, all the complexities mentioned lead to higher operating costs, get more prone to data errors, and a decrease in the overall productivity of the mine. The Standish Group (CHAOS REPORT 2020) reports that, only 31% of projects are executed on time and on budget. The remaining 69% are either challenged or have failed altogether.
THE CURRENT TRENDS
With evolving standards in mining, modern strategic tools in project management definition and execution must now be able to support:
- Projects becoming more complex due to geological, environmental, and legal factors; and as well as increased pressure from a socio-political-cultural perspective.
- Teams requiring more data transparency so they can respond quickly and accurately.
- Collaboration via digital platforms, which will disrupt the traditional approach to project management solutions.
This paves the way for Paramina Earth Technologies, Inc. to offer a unique opportunity for the Philippine mining industry to address all the problems mentioned above.
With Dassault Systèmes’ ENOVIA™ powered by the 3DEXPERIENCE® Platform, the challenges of mine project management can be addressed by providing a digital approach to connecting people, data and processes. This makes your projects be in “full alignment” with the goals of your mine by making it:
- More collaborative
- More productive
- More agile
- More visible
Key to the success of any mining project is the ability to share and utilize relevant data and content in a seamless and accurate manner. Nobody wants to screw up mine feasibility figures such as drillhole data or mineral grades. These pertinent information are spread and used across multiple departments, resulting in projects being late or even disastrously failing altogether.
With the nature of mining business having its personnel working across different locations and spread across varying business units and departments, ENOVIA™ Project Management on the 3DEXPERIENCE® platform improves collaboration by removing silos and connecting all stakeholders in the mining blockchain, fostering project success. This is not possible in an offline electronic solution but can only be done in an online data-driven software.
Approximately 30% of an engineer’s time can be spent performing non-value-added activities like updating project schedules, looking for the latest version of mining files, reporting status, attending meetings and other activities not directly related to the focus of their role.
ENOVIA™ Project Management on the 3DEXPERIENCE® platform eliminates non-value added activities by connecting data directly as deliverables on project tasks in a single platform. With a single drag-and-drop, ENOVIA™ enables employees to better focus on project deliverables since project status are translated into trackable tasks, both for the manager and the team members, which will improve the overall productivity of the mine.
SPEEDING UP THE PROCESS
In today’s global economy, the competitive landscape critically pushes to have a project management system that is adaptive to the needs of the mine – rather than a standalone tool. ENOVIA™ Project Management on the 3DEXPERIENCE® platform brings together people, processes, and data on one platform allowing companies to execute mining projects with the same resources as a single source of truth. Projects are executed faster thus maximizing the potential of the mine.
MAKING MINES MORE AGILE
Traditional project management solutions do not tie tasks directly to the requirements of the mine. As these requirements change, departments involved are oftentimes unaware of those changes and deliver reports that do not meet the new requirements set.
ENOVIA™ Project Management on the 3DEXPERIENCE® platform improves agility by connecting project requirements directly to project tasks, allowing changes to be managed across multiple mining departments with ease. It helps mining companies to allow a much more effective collaboration among different departments – making them be able to sail flawlessly with changes during the project execution versus reacting to changes down the line.
VISIBLE SINGLE SOURCE OF TRUTH
Many industries today have the perception that implementing electronic reporting improves the ability to communicate project status. However, this is just partially true. The reality is that projects still require manual consolidation of information, which can be prone to errors and most likely already be outdated by the time the report is generated.
ENOVIA™ Project Management on the 3DEXPERIENCE® platform improves visibility with data-driven real-time project dashboards and analytics, allowing mine managers to make faster and more informed decisions. It is now possible to see the most accurate and up-to-date status of projects in context of deliverables. This allows for more informed decisions quicker, leading to successful project execution.
TAKING THE OPPORTUNITY
With ENOVIA™ Project Management on the 3DEXPERIENCE® platform, all stakeholders in the mining blockchain are aligned with the project goals and status – and work well together in achieving and defining your mine’s success. Let Paramina Earth Technologies, Inc. be your driver in your mine’s digital path to sustainable growth. Contact us at firstname.lastname@example.org or reach us through our website www.paramina.com for more information.
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Philippine Resources - August 26, 2021
Geoscience Data Management in the age of Mine Digitalization
By: Engr. Jeffrey Geronimo Data remains one of the most important assets of any mining company – and for these to become assets, these must be accurate and reliable. Data drives mineral exploration and mining operations. However, with the sheer volume of data we obtain, no one would object that these are usually overwhelming to manage; from the location and geochemistry of every hand sample; to the structural-geochemical-geophysical information collected from the nth drill hole just to define the resource; and even up to the 4D mine model showing the depth, thickness, grade. Gathering geoscience data is crucial for a mining project. Millions of pesos are invested in the process of obtaining new and managing old data. New data brings fresh interpretations to keep mine models updated. Older data may increase in value as the degree of confidence becomes higher proven by the new data obtained. In addition, discoveries and deeper understanding of the project are often attained by continuously reinterpreting data from the past. When effectively managed, geoscience datasets can be aggregated to generate subsurface and resource models that underpin critical financial and engineering decisions. THE BIGGEST CHALLENGES: DISCOVERY, ACCESSIBILITY, AND SHARING What data do we have? Where are these? How do we access these? These are three of the biggest data management challenges faced by mining companies. In most instances, files are just locally stored on each of the user’s laptops or desktops with the occasional habit of backing it up via the company’s file server. Moreover, sharing of valuable company data is done by just using e-mails, flash drives, FTP servers or even just through social media platforms. All these methods provide limited traceability and will compromise data security. While the abovementioned file management styles can get the job done, these could eventually reduce business efficiency and lead to reduced productivity. Do we have the latest version of the drillhole data? What if I was basing my work on outdated data the whole time? Where was the document saved by my colleague prior to his leave of absence? It is a formula for disaster! Therefore, having a transparent process workflow can ensure geoscience data management be aligned and supported in mining projects. THE SOLUTION: STRATEGIC GEOLOGY MODELING Paramina Earth Technologies, Inc. is proud to bring the golden standard for geoscience data management. Through our “Strategic Geology Modeling” solution developed by Dassault Systèmes, it blends the power of the industry-leading 3DEXPERIENCE platform to ensure customers unlock and harness the value held within their geoscience data. It seamlessly integrates GEOVIA Surpac, the world’s most popular geology and mine planning software, and ENOVIA Project & Document Management applications. Strategic Geology Modeling enables multiple users to work safely and securely on the same data and also at the same time. It enables tracking and managing user access and file permissions on top of retaining and tracing all changes to the data via document versioning. This gives the manager confidence that the latest interpretation, model, or plan uses the most up-to-date information - allowing real-time decisions and improved business agility. With Strategic Geology Modeling, your geoscience datasets are safe as these are securely stored in the 3DEXPERIENCE platform - whether on a public or private cloud, or on-premise. With an intuitive and user-friendly interface, users can simply drag-and-drop data on the platform into the GEOVIA Surpac graphics window to begin work - no need to undergo tedious conversions! It also enables: Document versioning for traceability and accountability Check-in/out of data The ability to ‘sync’ data for fast visualization User file and folder permissions Bookmark workspaces and folders to create personalized views The synced geoscience data on the platform is accessible anywhere and from any device. Users can build customized dashboards containing the applications and data of their choice, providing a dynamic real- time view of operational information and KPI’s - accessible via web browser. Strategic Geology Modeling combines these benefits with GEOVIA Surpac’s out-of-the-box functionality such as drillhole database, surfaces, and solids modeling tools. This allows geologists to truly represent the real world with a digital twin of the subsurface environment. The evolution of the geology model from interpretation, model generation to validation, can be tracked using ENOVIA’s Project Management applications. Managers can assign tasks, create a project plan, and monitor the progress against the plan using various charts. This complete project visibility in real-time means issues or delays are addressed as soon as they occur, reducing the impact on the business and allowing decision-makers to make critical business decisions faster. This undeniably improves business performance and operational agility. Figure 1: Geoscience Data Management utilizing the 3DEXPERIENCE ENOVIA application Once the model is uploaded to the 3DEXPERIENCE platform, content can be shared with all stakeholders via collaboration tools such as Communities & Conversations, Dashboards and Collaborative Tasks. Users can dynamically visualize GEOVIA Surpac content in 3D within the platform. They can also engage with colleagues or contractors at the same time through 3DSwym communities and conversations, or comment on the data itself. The connection enabled by our Strategic Geology Modeling solution saves time and helps the user identify issues and bottlenecks earlier in the modeling process. These dynamic datasets and user-centric collaboration help staff understand the real-world problems that impact business performance and agility, ensuring operational excellence in the age of mine digitalization. Let Paramina Earth Technologies, Inc. be your partner towards your mining journey! Contact email@example.com or www.paramina.com for more information. REFERENCE: Dassault Systèmes. (2021). Geoscience Data Management: Challenges and a Solution.
Philippine Resources - December 07, 2021
HOW CAN WE ENSURE LONG-TERM MINING VIABILITY IN CHANGING TIMES?
by Engr. Jeffrey Q. Geronimo Mining remains an essential industry in the COVID-19 pandemic even though it has experienced devastating impacts. According to S&P Global Market Intelligence, this pandemic disrupted 275 mining operations across 36 countries. Not only that, over $8.8 billion in total revenue is continually at risk. Therefore, the strategic importance of proper planning to ensure long-term mining viability cannot be underemphasized. In response to this urgency, a flexible strategic mining solution was tested by a global leader in mining technologies. They evaluated 23 mining pits from various mining companies. In a span of just 15 hours, it produced a staggering 1,600 directional alternatives in their nested pits. These alternatives were then narrowed down to three of the best pushback directions based on the company’s KPIs. The best option was then selected to be the most optimal and feasible design implementation to yield the maximum performance for the final mine pit over a long duration of time. The result? An astonishing increase of 5% net present value (NPV) delivered to these mines even at the onset of the COVID-19 pandemic. This is all made possible by Dassault Systèmes GEOVIA’s new Strategic Mine Planning (SMP) solution. It allows mining operations to update their planning and modelling quickly by assessing all options available to ensure long-term viability. “Planning plays a fundamental role in the evaluation of any mining operation, from the initial resource estimate to the project feasibility stage. Such planning also has to be inherently flexible, taking into account the viability of a resource, whether or not it is economically feasible to extract, how long this will take and the best sequencing of such extraction. What’s more, all of this has to be analyzed over the entire life of mine, which could be anything from 30 to 40 years or longer,” commented Andy Mulholland, the Business Consulting Director of GEOVIA who conducted the SMP solution. Guiding Investment Decisions Making assumptions in mining costs are greatly dependent on the mining method selected. Caving, for instance, is a very effective mass-mining method. However, choosing this is an upfront decision that locks you into this approach. Alternatively, other underground and surface mining methods give the operator more control through the life of the mine. The mining direction can also be altered over the life of mine to track the ore body more accurately. The new SMP solution is critical in guiding investment decisions during the exploration or feasibility stage. It can be used to update precious resource and reserve models. It makes it easier to understand what is viable to extract, in addition to the grade and value in the light of fluctuating commodity prices. This enables us to realize an updated life-of-mine estimate. From here, procurement decisions in terms of capital equipment can then be optimized. “Hence, it is essential for mining companies to be able to run as many different scenarios as possible to generate multiple options for dealing with a range of contingencies. This underscores the true value of a mine in relation to its costs in real-time, to drive investment decisions in as smart and as proactive a manner as possible given the current volatile market conditions. The advantage of the SMP solution is that it does not merely generate a myriad of potential outcomes,” elaborates Mulholland. Photo credit: Paramina Increasing Robustness and Improved Decision Making Dassault Systèmes has the necessary up-to-date tools to be able to isolate options that are least sensitive to the variables under consideration for added robustness and improved decision-making. Say for instance, a plan with a slightly lower net present value for a mining operation may be far more robust and less susceptible to uncertainty. When blended with pit design, a robust production plan must consider several strategic questions, such as the estimated life of mine, the mining rate and subsequent processing rate, the location of the dump piles, and the critical infrastructure required. In this instance, Dassault Systèmes ran 9,680 sequences with different cut-off grades, prices and production capabilities and capex, generating a so-called ‘hill of value’ in under 24 hours. “Hence, production becomes more manageable, stable and sustainable. An efficient mine with an optimal production plan guarantees surety of a mining project in the long term, whilst minimizing risk,” concludes Mulholland. Through Paramina Earth Technologies, Inc., the premier mining software solutions provider in the Philippines, mining companies can now gain access to SMP in order to generate as many scenarios as needed. Comprehensive training on how to fully utilize and maximize the potential of SMP may also be conducted by request. Contact firstname.lastname@example.org or www.paramina.com for more information. STRATEGIC MINE PLANNING (SMP) FOR OPEN PIT, UNDERGROUND & CAVING SOLUTION CAPABILITIES: Aggregate input data, assumptions and constraints into a central location Leverage historical data to correctly define mining parameters Determine trends and correlations between historical data Incorporate mine status, geotechnical constraints and operational risk Couple the geotechnical domain with mine extraction to model interactions (e.g. cave back propagation to material flow to cave draw points) Run thousands of scenarios in a design of experiments to ensure the most robust plan is selected Project lifecycle governance with approval traceability and version management REFERENCE: Dassault Systèmes. (2021). Strategic Mine Planning is Essential to Ensure Long-term Viability in Changing Times.
Philippine Resources - June 30, 2021
Making Mining Smarter Through Virtual Twins
Article by Engr. Jeffrey Q. Geronimo In the recently concluded 2021 Prospectors and Developers Association of Canada (PDAC) convention, global leaders in mining have all agreed that the key to reduce risks and create more value in mining is by testing everything in the “virtual world” first. This is particularly done by taking risks, failing, and learning from mistakes -- not just digitally but also virtually. DIGITAL TWIN VS VIRTUAL TWIN “Digital twin” is not a new concept to the mining sector as computer-aided programs such as 3D CAD models have already been existent and utilized for several decades. However, while we have experienced vast improvements and upgrades, these models are still isolated from the real world and remains to be just digital models. This is where the concept of “Virtual twin” experiences come into play. It is a great leap beyond the digital twin experience wherein more accurate and scientific real-world models are taken into consideration such as time, environment, and behaviors in varying conditions and scenarios. This will enable problems and solutions of the company to be communicated faster to different teams across the mining value chain -- thereby increasing the company’s understanding, collaboration and participation. TAKING THE GREAT LEAP Mining companies may already have the fundamental data, processes, and infrastructure they need to begin the shift. What they may be lacking is the state-of-the art connectivity, contextualization, and collaborative platform that will integrate all of its people, processes and data. This will be their portal to the virtual twin experience. This is where the GEOVIA Mining Intelligence suite powered by the 3DEXPERIENCE Platform may bridge the gap. It provides users with an overall view of their mining operations with ultra-fast access to information on top of easy and sophisticated analysis. THE INTELLIGENCE NEEDED BY A SMART MINE The 3DEXPERIENCE Platform connects GEOVIA users with role-based applications to connect people, ideas, data and solutions in real-time. It enables centralized control and viewing of mine data, providing a single source of truth on your business operations. Moreover, it allows efficient collaboration with traceability across the mining value chain The GEOVIA Mining Intelligence suite, consisting of Production Intelligence and Geology Intelligence functions, extends the promise and collaborative power of the 3DEXPERIENCE platform by allowing users to reveal, measure and analyze mining data so that they may deeply understand and improve mining operations. GEOLOGY INTELLIGENCE “Geology Intelligence” is part of the Mining Intelligence offering. By simple configuration, it can show block model data in a graphical and tabular format. In addition, it gives emphasis on important information by using graphical techniques and drilldown into information to see more detail. Moreover, it analyzes these geological data and plot these as a chart. An overview of a geological data analysis using the Geology Intelligence function. PRODUCTION INTELLIGENCE Monitor equipment performance: Many mining companies measure their equipment performance metrics through spreadsheets and creating charts manually. While it gets the job done, this tedious process does not easily permit detailed analysis or comparison with historical performance to aid decision making. With the “Production Intelligence” function bundled with the GEOVIA Mining Intelligence suite, equipment performance metrics can now be configured around the mine’s specific Time Allocation Model that enables detailed analysis of Equipment Performance. A dashboard of Equipment Performance: Drill Meters, Scheduled Hours and Availability displayed by Production Intelligence. Monitor production actuals against targets: GEOVIA Mining Intelligence aggregates collected data into a more manageable visual representation that assists in making decisions. This will improve business performance and increase profitability. The proprietary 3DEXPERIENCE platform reporting technology uses index files to ensure very quick and responsive reporting. Production KPI and material flow key performance indicators: With a single glance, material flow and KPIs can now be aggregated and presented for an overall view of the mining operation. This is not exclusive to production departments as any other data related to the mine operation such as the mill plant may be displayed. Mine and Mill Plant data are generally always separated from each other due to their information differences. However, with Production Intelligence, it bridges that gap. Material flow showing locations, quantity, material type and more using Production Intelligence. MINING SMARTER TOWARDS SUSTAINABILITY As a step towards virtual twins, we enable a more sustainable mining environment by making it possible to do unlimited iterations, better operational insights, and greater flexibility. It simulates all these value-added services to model complex systems -- making it easier to analyze, test causes-and-effects, and significantly reduce risks faced by mining operations. Let Paramina Earth Technologies, Inc. be your partner towards your virtual twin experience journey. Contact us at email@example.com or reach us through our website www.paramina.com for more information.
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Philippine Resources - May 23, 2023
MEMORANDUM OF AGREEMENT SIGNED WITH TVI RESOURCE DEVELOPMENT (PHILS.) INC.
Photo credit: TVI Resource Development The Board of RTG Mining Inc. is pleased to announce that a comprehensive settlement of all outstanding issues with the Villar Family controlled Sage Capital and TVI Resource Development (Phils.) Inc. (“TVIRD”) has been reached and a binding Memorandum of Agreement signed. On execution of the final documents, expected in the next month, all litigation that RTG had launched will be withdrawn as part of an agreed restructuring of the Mabilo Project. The Villar Family is one of the most prominent families in the Philippines and RTG is pleased to partner with them in the development of the Mabilo Project, which is a significant mining project for the country. The key terms of the agreement for RTG include the following: RTG (through SRM Gold Limited) will retain a 40% interest in Mt. Labo Exploration and Development Corporation (“Mt. Labo”) with the project also developed by Mt. Labo, in line with Philippine regulatory requirements, with Sage Capital (which is owned by TVIRD) holding the remaining 60%; RTG will have a 2% net smelter royalty (“NSR”); RTG’s debt together with interest, currently in the order of US$27M (subject to audit) will be repaid out of the proceeds of Stage 1 of the project, the Direct Shipping Operation subject to customary requirements to address liquidity and ongoing operations of Mt. Labo; Funding arrangements for the project as between the major shareholders of Mt. Labo have been successfully renegotiated, (relieving RTG of a sole funding obligation) and replaced with a pro-rata funding obligation, together with a disproportionate funding obligation of Sage Capital, as set out below; With debt repayments in full and the NSR, RTG will be entitled to approximately 57% of the proceeds of Stage 1, the Direct Shipping Operation; RTG will be entitled to 40% of the operating cashflow of the project, together with the 2% NSR and repayment of its debt, which is currently in the order of US$27M; The first US$5M of expenditure for Mt. Labo (or 12 months of expenditure, whichever occurs the earlier), will be funded pro-rata between the two shareholders (ie RTG will provide 40%) and thereafter, Sage Capital/TVIRD will sole fund the next US$5M of expenditure, with all additional funding thereafter to be provided on a pro-rata basis; All parties are required to act in the best interests of the project and not compete; A shareholders’ agreement will be finalised which will provide typical minority interest protection clauses including reserve matters for voting including annual budgets and appointments of key personnel; Any disputes will be resolved by the Singapore International Arbitration Centre; and On completion of final signed documents, all litigation matters will be withdrawn and settled in full. With the restructuring of the Mabilo Project now agreed, over the balance of this year, the remaining permitting matters and financing plans will be finalised, a review of the 2016 Feasibility Study will be completed, together with finalising the acquisition of surface rights, following which, a commitment to development will be formalised by the Board of Mt. Labo. RTG is pleased with the outcome of the discussions and the co-operative and constructive approach adopted by the Villar Family representatives. RTG believes they can be a strong and positive partner to work with to take the Mabilo Project forward, with both a near term development and future exploration activities to expand the project, which will start to unlock the value of the project for all stakeholders, not only the local communities but for the country as a whole.
Philippine Resources - May 22, 2023
Mining Operational Excellence Through Digital Transformation
Part 1: Mining Operation Challenges and Mine Operations Management Domains 1 & 2. By Mae Ann Cabasag, EM Mining companies encounter numerous challenges throughout their operations. However, initiatives to mitigate these challenges and improve efficiency are often limited. Most of these limitations emanated from a common factor: the challenge of “poor visibility” in mining operations. A viable solution is to adopt digital transformation in mining operations by incorporating available real-time data into an integrated system— capable of ensuring automatic updates and reliable source of information. Through this, mining companies not only understand simulations and plans developed but also anticipate potential outcomes. Various mining industry analysts have found that using non-digital methods in the mining operations can lead to a 27% reduction in production time and 25% increase in data inaccuracy. For a mining company to remain competitive in an industry susceptible to operation challenges, i.e. production processes, workers’ and equipment performances, ore quality and quantity, compliance to regulations, and inter-departmental collaboration, it needs to embrace digital transformation. Dassault Systèmes Mine Operations Management provides transformative digital solution for mining companies to achieve excellence in their operations. Mine Operations Management (MOM) equips mining companies with an integrated system for their mining operations, enabling them to achieve efficient plan and schedule. This system integrates entire operation data into a single repository source of information, known as the “single source of truth”, ensuring complete transparency of the company’s processes from mine to port. By leveraging MOM, we can address the following global mining industry challenges: Maintaining competitiveness amidst market volatility. Eliminating waste materials, poor communication, and error duplication. Improving site productivity and efficiency. Utilizing assets and sharing best practices across the value chain. Ensuring an utmost level of safety. Reducing environmental impacts and achieving sustainable operations. The transformative digital solution, Mine Operations Management, is composed of eight work packages, split across four domains, namely: Data Management, Material Reconciliation, Operational Control, and Assets Performance. These domains help generate valuable insights from integrated operational data for rapid and informed strategic decision-making. The Data Management consists of Master Data Model and Integration Framework packages essential for material tracking, stockpile management, task and workforce management, machine performance, and asset maintenance. It enables users to manage master data objects such as Site, Material, Location, Equipment, and Operator through manual data entry or third-party source systems. With this, mining companies can ensure efficient and integrated management of critical data required for seamless operations. Material Reconciliation, on the other hand, consists of Material Tracking and Stockpile Management packages. Material Tracking enables us to track material movements across different stages, i.e. from the least accurate grade estimated in geological model to the most precise information on shipped material quantity and quality, to account for any inaccuracies. While in the Stockpile Management, users not only can calculate daily stockpile balance, add Survey or Sampling data, analyze inventory levels and trends, create graphical representation of the stockpile balances and movements, calibrate stockpile using volumetric survey and sampling, enables comparison of different models, track movement genealogy and review stockpile slices for stockpiles with LIFO and FIFO calculation type but can create a different type of analysis such as actual vs plan vs model. In the upcoming article, we will explore the two remaining domains of Mine Operations Management to where assigning operational tasks, tracking compliance to plan, monitoring equipment down to workers’ performance are feasible in the mining operations. To know more about MOM, mining innovations and solutions, contact Dassault Systèmes Value Solutions Partner: Paramina Earth Technologies Inc. through firstname.lastname@example.org References: Make it happen for mine execution excellence: Dassault Systèmes®. MEGATrends. (n.d.). https://events.3ds.com/make-it-happen-for-mine-execution-excellence Dassault Systèmes. (2021, August 12). Digging deeper: The virtual solution for Mining Operational Excellence. Dassault Systèmes. https://discover.3ds.com/virtual-mining-operational excellence dassault3ds. (2022, June 16). The mining industry needs to adapt, but how? Dassault Systèmes blog. https://blog.3ds.com/brands/delmia/the-mining-industry-needs-to-adapt-but-how/
Philippine Resources - May 22, 2023
Customer’s First Choice: Sandvik Philippines Delivers 11th and 12th Pantera DP1500i Drills to Filminera Resources Corporation
Sandvik Philippines has successfully commissioned and delivered to loyal customer Filminera Resources Corporation (“Filminera”) their 11th and 12th Pantera DP1500i Top-hammer Surface Drills last 25 January 2023 at the Masbate Gold Project (MGP) located in Masbate Island, Philippines. Photo shows Sandvik Technician Larry Lugnas (second from left) and Service Operations Manager Jorge Cabello (third from left) handing over the drills to MGP representatives. Located 360 km southeast of Manila, the Masbate Mine is operated by Filminera, the Philippine subsidiary of TSX- and NYSE-listed B2Gold with headquarters in Vancouver. In 2022, the mine produced a record-setting 212,728 oz of gold out of 7.93M tonnes of ore milled at an average grade of 1.11 g/t. B2Gold also operates the Fekola Mine in Mali and the Otjikoto Mine in Namibia. Their projects under development include the Anaconda Area in Mali and the Gramalote JV Project in Colombia. The Masbate Mine started operating in 2008 initially using 4 x Atlas Copco ECM660 Drills owned and operated by the erstwhile mining contractor, Leighton. When the opportunity for re-fleeting came about in 2012, Sandvik succeeded in winning the tender which came packaged with a full maintenance contract for 24,000 service meter hours of five years. Ironically, the said maintenance contract almost led to the cancellation of the order for the first 4 x DP1500i due to a dispute with the rates. Eventually, both Leighton and Sandvik were able to arrive at a mutually acceptable arrangement, and Sandvik ran the service contract for five years without incurring penalties in the availability guarantees. The contract was so profitable, Sandvik even had to share some of the residual profit at the end with Filminera under the pain-and-gain proviso of the contract. The next re-fleeting opportunity came in 2017, with the Masbate Mine. This time, there was no service contract attached to the equipment and Leighton was no longer the mining contractor; the mine has shifted to owner-miner operation. Sandvik managed to secure the repeat order for another batch of 4x DP1500i, banking on the proven performance and reliability of the first four. That brings the total to 8 units. Drill numbers 9 and 10 were ordered in July 2020 and delivered in 2021. Numbers 11 and 12 in the photo above were ordered in January 2022 and are now handed over to the customer. Filminera ordered two more DP1500i’s in November 2022; these machines are now awaiting completion in Tampere, for delivery later this year. That should bring the total to 14 x DP1500i units spread over 11 years for our most loyal Pantera DP1500i customer in the Philippines – Filminera Resources Corporation!
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