Operational Benchmarking Services
for the mining industry
We measure, compare, and improve the performance
of your mining operation through our world-class benchmarking.
Close Performance Gaps in Your Mining Operation
Around the globe mining operations are often burdened by inefficiencies that can significantly impact their bottom line.
Whether it’s optimizing asset utilization, managing workforce effectively, or controlling energy consumption, the pressure to maximize productivity while minimizing costs is increasing.
That’s where MiTRAQ’s benchmarking services come into play. By leveraging our benchmarking platform, you gain invaluable insights into how your operations compare with industry peers.
Overview of Our
Benchmarking SERVICES
Module 1.0 focusses on operational efficiency and Module 2.0 concentrates on operational effectiveness in terms of the productivity of mobile mining equipment.
The benchmarking is anonymous and totally confidential and enables participating companies to determine how efficiently they are operating their mines and how well they are optimizing their production on a quarterly basis.
OPERATIONAL Efficiency
Cost competitiveness & efficiency and headcount is analysed as part of the MiTRAQ M1.0 benchmarking platform through more than 100 KPIs covering five key areas.
- Mining Operations
- Mining Maintenance
- Processing
- General & Administration
- Energy
OPERATIONAL Effectiveness
The Effectiveness Benchmark focusses on productivity of mobile mining equipment. Analyses include KPIs based around utilization, availability, reliability and maintenance performance of key mobile equipment assets.
- Trucks
- Diggers
- Drills
- Development Drills
- Graders
- Dozers
COMMODITY TYPES INCLUDE
- Gold
- Silver
- Copper
- Lead
- Zinc
- Iron Ore
INDUSTRY-WIDE COVERAGE
The MiTRAQ platform operates with a global footprint.
Mines from any country can join the program and benefit from world class benchmarking previously unavailable for the mining industry.
OUR UNIQUE APPROACH TO MINING BENCHMARKING
- Benchmarking scope developed by participating companies
- Online benchmarking platform
- Streamlined data input
- Automated data mapping
- Responsive help-desk support
- Strong regional peer groups
- Customizable output – select the KPIs important to you
- Standardised reporting – quick access to key analyses
- Anonymous industry best practice forum
KEY ELEMENTS for ALL MiTRAQ BENCHMARKING
- Quarterly Comparative Analysis versus the relevant peer groups
- Performance Trend Analysis
- Gap Analysis identifying improvement potential and areas leading performance
- Annual Management Presentation highlighting key elements of performance
- Quarterly “Meeting of the Mines”, a workshop where companies share information on leading practices in a protected confidential environment
Customizable Reporting and KPIs: Flexibility Designed for Miners
Designed by miners for miners, the MiTRAQ platform is optimised to be as flexible as possible for each contributing mining company.
All reports are customisable and company-specific KPIs can be created as required in a custom reporting environment.
Data Security and Confidentiality You Can Trust
MiTRAQ data is only accessible to participating mining companies. Security, confidentiality and anonymity are our top priorities.
All company data is completely anonymous and is securely held in a tokenized cloud-based data vault utilizing the latest 256-bit encryption and 2-factor authentication technology.
Only you can access your raw data and all outputs are totally anonymized.
