The client is the operating gold mine. The refinery operation results are consolidated into the reporting at different stages of mining and refining. The key indicator is gold extraction.
Cases
Business analysis. Gold refinery
Baseline
Findings
- Segmentary report files;
- Mistakes in estimates, low quality of provided information;
- Low performance discipline in terms of information provision;
- Longstanding generation of consolidated report for shareholders.
Solution
- Typified input data;
- Adjusted online reporting system;
- Trained the employees;
- Recommended gold recovery forecasting mechanism based on historical data using classic interpretable machine learning algorithms.
Outcome
- Consolidated report generated in one minute against 1 week earlier (time of automatic report update);
- Increased quality of provided information;
- Increased employees’ performance discipline;
- Facilitated the executive decision making process;
- Shareholders got access to simple and comprehensible online reporting.