Mining – Uncover Millions in Hidden Costs and Optimize Operational Efficiences
Fluctuating commodities prices place rising financial pressures on today’s mining industry. Maintaining profit margins requires a heavy emphasis on reducing costs and improving efficiencies.
Oniqua MRO Analytics, the leading analytics-based solution for the mining sector, specializes in helping large mining companies uncover millions in hidden costs and optimize operational efficiencies. In fact, our customers typically begin realizing significant savings within months of implementing Oniqua Analytics Solution (OAS), including these specific examples from actual Oniqua clients:
USD$1.5 million annual savings by eliminating repetitive breakdowns and standardizing PMs
AUD$1.9 million inventory reduction
Approximately USD$10 million worth of inventory reclassified as insurance spares, providing significant tax benefit
We help companies like yours reap rock-solid business benefits that drive business performance. Lower operational costs and total cost of ownership, improved operational efficiencies, reduced production risk, higher confidence levels, greater control, and improved uptime and availability all add up to increased revenue with maximum profitability.
Oniqua’s marquee customers comprise eight of the top 10 mining companies in the world, including BHP Billiton, Rio Tinto, Freeport-McMoRan, Newmont and Vale. Asset-intensive companies the world over maintain and operate billions of dollars of fixed and mobile assets – where just a 1 percent improvement can add tens or hundreds of millions of dollars to the bottom line. MRO supply chain and asset maintenance optimization can have a profound impact on operational performance.
Typical results from running Oniqua include these MRO performance improvements:
5-20% increase in service levels
15-50% reduction in inventory holdings
20-35% decrease in replenishment costs
30-50% reduction in stock-out risk
15-40% savings within maintenance budgets
20-25% increase in supplier performance
Read Our Case Studies
View/download our Newmont Case Study (PDF), or visit our Customer Successes page to find out how Oniqua reduces costs, maximizes profit and improves performance for far-flung mining companies.