Mining Companies Rely on Oniqua to Deliver True Double-Digit Cost Savings
Not so long ago, the mining industry enjoyed a boom phase that seemed endless. To meet rising demand, mining companies exponentially increased both the size and complexity of their operations. Every 1% saved on operational expenses helped preserve capital to deliver dividends to stakeholders and pay for more expansion projects.
Those days are over. Today, even a 5% savings won’t cut it. As falling prices and declining demand send shockwaves through the mining industry, deep cost-cutting is the order of the day.
Welcome to the new normal. At mining companies around the world, executive leadership and governing boards now demand 20% to 30% savings across operations.
Oniqua MRO Analytics is already helping top-tier mining companies around the world do just that. By partnering with Oniqua to optimize their maintenance, repair and operations (MRO) functions, our customers are already experiencing the significant step-change reductions in operational costs stakeholders want to see:
15-50% reductions in inventory holdings
20-35% decreases in replenishment costs
30-50% reductions in stock-out risk
15-40% savings within maintenance budgets
Just as important, our customers typically realize significant savings within just months of implementing Oniqua Analytics Solution. And it all happens while maintaining, or even increasing, service levels.
Oniqua’s marquee customers comprise eight of the world’s top 10 mining companies, including BHP Billiton, Rio Tinto, Freeport-McMoRan , Newmont , Codelco and Vale. For these companies and others around the world, any reduction to the cost of maintaining and operating fixed and mobile assets can add tens or hundreds of millions of dollars to the bottom line.
Contact Oniqua today for more information on our Business Value Assessment to find out how much we can help you save.