Changing Company Culture

CIM Edmonton 2004
Abstract After ten years of operation, Highland Valley Copper had to make some significant changes in the way it was working in order to counter the effects of ever-increasing costs and decreasing metal prices. A mine/mill optimization plan started in 1997 introduced new technologies and management approaches which resulted in a dramatic drop in cash breakeven costs. These changes allowed the mine to remain in business during a protracted period of low metal prices. This paper outlines the various stages and steps that were taken along the way, and illustrates the benefits gained in all facets of the operation. The magnitude of these changes were only realized through a shift in the corporate culture.
Keywords: culture, changes, Technologies, Management, Optimization
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