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Activity based costing

LEAN PROJECT CONTROLS USING ACTIVITY-BASED COSTING (ABC) SYSTEM.

 

Why have we chosen ABC systems for mine operational improvement and asset management assignments since 1996? Because over a period of 35-years with the aid of ABC systems, we have: 1) estimated, turned to account and managed the construction of dozens of open-pit mines and civil infrastructure projects. 2) analysed, estimated, benchmarked and improved mining operations of 30 multi-commodity open-pit mines. 3) integrated ABC in enterprise resource planning (ERP) for real-time analysis and effective management during asset management assignments.

 

"Activity-Based Costing (ABC) has been popular since the 1980s because it prevents cost distortions and provides a process view which traditional cost accounting cannot provide. Activity-Based Costing is based on a “flow view” in production theory in that ABC adopts two-staged costing, i.e., resources are assigned to activities and activities are assigned to cost objects. Lean construction comes from recognizing the limitations of current project management and applying “lean production” to the construction industry."

Zero based budgeting

ZERO-BASED BUDGETING FOR BOTH CONTRACTOR OR OWNER-OPERATOR MINING CUTTING AS MUCH AS 20% OF SPENDING WHILE BOOSTING EFFICIENCIES AND COMPETITIVENESS.

 

Zero-based budgeting (ZBB) is a sustainable cost philosophy and a continuous, bottom-up approach for rigorously resetting the cost basis, which frees up capital to reinvest for growth. ZBB is also a cultural change that calls for a new set of roles, responsibilities, and processes. Since 1996 we have generated 1210 bottom-up mining cost benchmark models and zero-based budgeting for international Blue Chip mining companies, with project values fetching up to US$ 5 billion, during which we simulated the Clients’ mine site conditions and imported geological and mine engineering data basis of up to 100 Gb for more than 12 different commodities - of which the annual ROM production on some exceeded 60,000,000 tons per annum. During this time we have developed and applied resource data basis with complete Life-cycle costing of more than 300 different equipment models and sizes, with hauling equipment that ranges from 25 to 380 payload tons and matching shovels of up to 45 m3 bucket capacity.

Mining information management 

MINING INFORMATION MODELING (MIM) CAN TRANSFORM THE WAY YOUR MINING PROJECTS ARE PLANNED, DESIGNED, DELIVERED AND MANAGED.

 

A MIM methodology allows mining and mobile asset managers to contribute and interrogate mining projects in a collaborative environment. No longer are complex projects compartmentalised by professional discipline, but via a MIM approach, each party has a role to play in the project. TACMIN is a leader in delivering mining projects in a MIM environment; we incorporate MIM services to improve the design, mining, and lifecycle management of mobile mining assets. By merging processes, standards, and integrated modeling technology throughout the asset lifecycle, we create, manage and deliver outcomes faster and more economically. Using MIM, we can identify and correct potential problems and clash detection across the design and engineering disciplines, resulting in more coordinated mining, efficient and cost-controlled mining process. TACMIN expertise uses MIM to visualise where issues will occur on-site and ensure critical path elements are dealt with – before implementing the mine plan. Our mobile mining asset management team takes MIM and produce 5D and 6D analysis which accurately portray whole-of-life cost versus benefit profiles.

OUR PRODUCTS

01

Mine operations

Our purpose is to assist mining companies with the planning, development, implementation and support of Mining Projects that will give cause to optimised, improved mining operations and where construction is required to assist with on-time and below budget completion.

02

Asset Maintenance

Every piece of equipment and component have a life cycle and needs to deliver maximum availability and be as cost-efficient as possible at all times. While you are staying focused on your core operation, we can help you achieve this by providing a customisable, scalable and fully integrated outsourced equipment maintenance support solution.

03

Asset Management

Not only is our ultimate goal to let your mining operation achieve efficiencies near or similar to autonomous mining, but to deliver this at a fraction of the cost associated with autonomy and should this be viable, pave the way to phase in autonomous solutions through cost savings realised.

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