Data for Balanced Scorecard: Driving Profits in Mining, Metals and Materials Industries
The mining, metals and materials industry has always had to rapidly adjust to wild market fluctuations, social pressures, labour shortages and other forces beyond control. At the same time, it has had to provide the basic materials and much of the energy for the global manufacturing ecosystem. LNS research survey data show that the top financial challenges are growing revenue and protecting margins, while the top operational challenges are manufacturing efficiency and regulatory and industry compliance. Download the full research spotlight, written by LNS, and discover: Key trends in mining, metals and materials - and how this industry compares to other sectors; The strategy needed for each component of the balanced scorecard approach; How companies are gaining value from this approach, including up to 40% downtime reduction, 3% in energy savings, up to 50% in productivity improvement and much more. Click to access the whitepaper today.
Optimizing Iron Ore Agglomeration Plant Performance - Outotec's Solutions for Plant Monitoring and Sustainable Operation
The decline in iron ore grades and the need to diversify the raw material basis for economical plant operation are increasing the need to operate plants at maximum efficiency. Outotec provides reliable solutions to monitor plant performance and increase the transparency of operations. This is particularly important when adjusting plant operation in order to address the impact of changing feed materials.
Outotec identified strong fluctuations in the consumption of oil, gas, and electricity during the operation of some iron ore pellet plants. The reason for these fluctuations, which can lead to increased overall operating costs, can at least partly be explained by the plant operators performance. Outotec has combined its process know-how and experience in plant design with experimental test work in its own R&D centers to develop advisory tools that help customers to run their plants more efficiently. Outotec's latest development, Outotec Optimus, provides guidance for pellet plant operators that reduces the time needed to make the required adjustments in case of changing process parameters.
The initial results indicate a high potential for significant fuel and electrical energy savings in the operation of such plants. Considering the production rates of modern pelletizing plants, this is a huge step toward more sustainable production of iron ore pellets. With the Outotec Optimus tool it is much easier for operators to run the plant at the optimal operating point. Clear and understandable graphical displays indicate the optimal plant operation mode based on real-time measurements.
Furthermore, the modeling, simulation, and monitoring capabilities can be used to improve the operation and maintenance support that Outotec provides to its customers. Outotec has recently been awarded contracts for the operation and maintenance of ferrous agglomeration plants and is the preferred partner for numerous operators worldwide. Outotec's solutions range from advisory services and optimal spare part management to full operation and maintenance support.