Mining Strategic Planning

Mining Strategic Planning enables collaboration between site and corporate. By helping site report financial and operational performance to corporate, and corporate to consolidate this information from each site, decision makers can run the business through effective decision making.

How Mining Strategic Planning transforms your business

Pricing strategies

Take advantage of fluctuating markets to determine the best strategy for product sales, such as internal sales, stockpiling, or quick sale while prices are high.

Asset management

Manage asset sales, valuations, and acquisitions. See how operations match up within your portfolio and if they fit your business strategy.

Corporate consolidation

Consolidate data from a multitude of operations such that each site can easily report actuals and performance. Effortlessly perform corporate consolidations to give a full financial and operational overview of the business.

Corporate initiatives & distribution

Need to roll-out corporate initiatives and benchmarks? Riivos seamlessly distributes data and scenarios among users, which helps corporate to effortlessly communicate enterprise wide.

Fleet management

Manage capital and long term operating strategies through fleet selection. Compare cost and performance of different fleet combinations to find the best strategy for your operations.

Users

Executive Team
General Managers
Finance Team
Cost Analysts
Mine Planners

Key features

Collaborate between corporate and site on forecasts, budgets, and results
Manage long-term fleet selection and equipment comparison
Plan for fluctuating commodity and currency markets
Consolidate site performance and metrics to a corporate financial and operational overview
Manage multiple global assets through Life-of-Mine to determine value and opportunities

Case study

“Riivos gave us the power to completely restructure our strategic planning process”

— Director Strategic Planning North America

Customer

Global Iron Ore Producer
Evaluating production strategies relative to changing iron ore prices
Proactive management to allocate and mobilize resources to achieve targets
Integration of production physical data and financial results or forecasts

Challenge

Tasked with driving out costs and increasing production by corporate mandate
Multiple time-consuming iterations of mine plans run every quarter
Complex value chain with multiple mining areas, processing facilities, railways, ports, data sources, and stakeholders

Solution

Implement Mining Strategic Planning
Integrate mine planning with operational and financial systems
Run scenarios on different mine plans to compare financial results
Simplified data management and integration with SAP

Value creation

Increased visibility into operating strategies and historical scenarios
Assessment of real-time impacts on Free Cash Flow, NPV, and capital spending
Increased ability to achieve cost and production targets, improving operational performance
Real-time, condensed reporting to international corporate stakeholders

Perform to a higher standard from pit-floor to boardroom