One of the largest mining companies in the world consistently seeks to improve its processes to maintain its leadership and global competitiveness. Founded in Brazil, the company operates in several countries and is a leader in the production of iron ore and pellets. In addition, it is involved in various other segments such as ferrous minerals, coal, fertilizers, and logistics.
The partnership between this multinational mining company and EYF is a testament to the company’s commitment to operational excellence and innovation. With its vast experience, the mining giant continuously strives to optimize operations, identify improvement opportunities, and make more data-driven decisions. EYF’s expertise has been crucial in supporting the company to maximize efficiency and overcome inefficiencies.
Solutions:
EYF has played a key role in supporting the company’s long-term goals by providing tailored solutions for the complex challenges of the mining industry. The first project focused on the operation of an iron ore mine in Pará, with the goal of identifying critical indicators for mining expansion and planning CAPEX and OPEX investments. Over the past eight years, EYF’s solutions have become integral to day-to-day operations, driving continuous improvements and enabling more accurate process analysis.
Following this, a series of additional projects have been developed, leveraging EYF solutions to validate production capabilities, optimize investments, and plan for material flow management. These initiatives have had a lasting impact on shaping the future of the company, with an emphasis on informed decision-making and the implementation of more efficient strategies.
Results:
The projects delivered significant and measurable results, including:
- Cost Savings: EYF’s solutions helped avoid at least US$100 million in new investments by providing insights that led to more informed operational decisions, such as fleet sizing and capacity adjustments in the iron mine in Pará.
- Resource Optimization: By identifying inefficiencies in storage capacity, EYF helped the company achieve R$400 million in savings by demonstrating that the expected production could be reached without the need for a new material storage structure in a long-term project.
- Plant Optimization: The implementation of new plants was optimized, identifying that only one plant would be sufficient to meet the projected production volume, thus avoiding the unnecessary construction of two additional plants.
- Operational Reliability: Support for the Value Improving Practice (VIP) initiative helped calculate the probability of achieving production targets, size intermediate stocks, and identify control and maintenance points. This process led to a 50% increase in operational reliability by addressing key components that contributed to system unreliability. increased operational reliability by 50%.
- Wastewater Flow Capacity Improvement: In a project focusing on wastewater flow capacity, EYF’s solutions identified key resources impacting flow and suggested improvements to meet future demand more efficiently.
- Future Scenario Planning: Through machine learning applied to current data, EYF’s solutions enabled the company to better predict and plan for future mining scenarios, enhancing decision-making.
Impact:
The long-standing partnership between the mining company and EYF, along with the tangible results achieved, underscores the effectiveness of EYF’s solutions. By continuing this collaboration, the company demonstrates its commitment to innovation, efficiency, and sustainability, consistently staying at the forefront of the mining industry and securing long-term operational success.