Value Improvement Through Cost Optimisation

A value improvement program was completed at one of Australia’s largest integrated mining projects, optimising cost and performance, whilst setting up a decision-ready review process

The Background

The organisation was looking at improving the overall net present value of its mining and related infrastructure project portfolio in Australia, in order to enhance its competitive position in a challenging environment

In addition, a review of the EPC procurement process was undertaken in order to facilitate cost savings whilst mitigating the overall risk profile for the projects

How the Siecap team helped

Overall design, co-ordination and facilitation of the value improvement program from an owner’s team perspective

Developed a comprehensive decision-ready review process through a risk management framework

Use of an extensive network of subject-matter experts in support of the identification and subsequent realisation of cost and performance optimisation opportunities

The Results

Capital expenditure reduced by 17% across the project’s functional packages

Average life of mine operating costs reduced by 10% on a FOB basis

Facilitated the extraction of bulks from packages and ‘options and extras’ from mobile equipment

Improved the design of the project controls system under a comprehensive risk management framework

Our Clients

We have delivered results for distinguished businesses and projects in Australia and abroad.