Innovative Approaches to Developing Mining Projects
The remote nature of diminishing mineral discoveries has increased the complexity, infra-struc¬ture requirements and costs of new mining projects. Completed in an environment of continued resources restraints, including experienced project leaders and skilled craft labor, mining projects are fragile and sensitive to failure on overruns and against other metrics.
New delivery methods are required to ensure project certainty: safe delivery- on time and on budget within stakeholder expectations of success.
Case examples of innovative strategies from the initial feasibility design and project financing through design, con¬struction and operations ramp-up will be identified and discussed. Risk identification, mitigation and assigned responsibility; proactive versus reactive problem solv¬ing; elimination of scope changes and endless cost reimbursable cycles can be addressed through realigned project teams, assignments and accountability. Equity participa¬tion from a constructor’s perspective will also be discussed.
Innovative processes with appropriate project owner engagement within the committed team also accelerates the design, planning, permitting and construction process and enhances local community participation.