MINERAL EXPLORATION & MINING OPERATION PROCESS DEVELOPMENT
Mining exploration and operating costs reach peak levels shortly after the operation is initiated. Therefore, it is crucial to start with the highest possible standards to make informed decisions and prevent unnecessary expenses before the business grows. Whether you’re aiming for a clean start in a smooth mining process or looking to turn crises into opportunities, we can collaborate to form your exploration and operations team, contribute to their development, and provide oversight, no matter where your mining investment is located around the world. We will offer expert experience and support backed by the most innovative technical expertise for your investment.
Aim
Whether you have been doing mineral exploration activities for years or you are just rolling up your sleeves, you must have a purpose like investing in any commodity (Gold, iron, lead, zinc, copper, etc.). You should evaluate your expectations on metal prices during the period you aim to hold the property. You may also need to compare the capital you will invest with the possible income you can earn from different sectors or commodities. Your equity capital and real estate, as well as your successful or unsuccessful past mining experience, can carry you into the future. You may ask yourself why you trust the property you have. Compared to unsuccessful examples, a sincere answer you can give to the question “What is our difference from other initiatives so that we can be successful?” can add motivation to your goal.
Let the System Help You Make Decisions
You have or want to establish a geology team for exploration or operations. You can decide whether the right choice for you is the past experience of the staff or the point they will reach in the future, in short, whether your team will be traditionalist or innovative. This should just help you build your decision system. Negative drilling results or on the contrary; After a few positive examples, sudden stop-go decisions should not be left to individuals or investors. Instead of being unable to keep one’s word, personal stubbornness, and people under the influence of daily emotional intensity, the system you will create should decide all these.
The Fundamental of the Quality System is Documentation
No matter what stage of investment you are in, there will definitely be a change of blood in the team. Or it is possible that your old staff, who have been doing the same job for many years, are prone to job blindness and closed to innovations. The fact that the instructions are written step by step somewhere (Procedure, instruction, etc.) is extremely effective, especially in terms of working efficiency and occupational safety. Because if your staff is aware of such a procedure, it will directly contribute to the proper functioning of the geology department, which requires unerring discipline.
Although periodic in-department training meetings may seem boring, their benefits are undeniable. The process discussed in these meetings can remind staff to make suggestions for the improvement of the process. Contributing to the development of your staff will result in the staff owning the job.
All the Data You Obtain: Labor and Cost
Every sampling you make, every photograph of the outcrop you see, the taste of the food you ate at the restaurant you visited amongst fieldworks… Or grade control, daily stock reports of process plant feed, production statistics and performance data… The staff meticulously, disciplinedly, nightly to collect this data. The most important question we will ask for all the data you obtain in field or production work is: “How can I access it in the easiest way when the time comes?” Our first job should be to create an error-free input interface by creating the most appropriate format and make it accessible to everyone involved. The necessary formulation and ease of access are another criteria. The entire team can now have the same data and hold result-oriented meetings. The term “brainstorming” will have a meaning after these facilities. With the support you will receive, you can create these standards and make the development sustainable in the process through training.
A simple network (Network) that your staff can access with their computer, a network-connected server (NAS) and remote/close access. Instead of stabilizing your database with package or custom applications, you can use the already installed and easily developed MS Excel and embedded Visual Basic applications. “Spreadsheet” has become an indispensable form of analysis and use for geology and mining, where sometimes hundreds of thousands of cells of data are used. It will make your work much easier if your staff uses these applications to develop applications that suit your needs firsthand.
Profitable Investments Are Never Cheap
If you consider that the cost you need to pay consists of your time and resources, you need to use these elements in the most rational way. As a decision-maker, remember that your profession is no longer defined by technical or engineering titles, but rather as an “Investor/Manager.” Mining and mineral exploration are dynamic and technical fields in every aspect. Instead of trying to master technical matters, focus your time on management and ensuring fairness. When it comes to mining, it’s highly likely that you will face either anticipated or sudden opportunities or crises. To set your company’s goals and strategies, you must always stay in close contact with technically qualified individuals. At this point, using independent consultancy services that will help you develop strategies, conduct internal audits, and guide you in making the most of opportunities will bring far more profit than the losses you might not even be aware of.
And Corporate Culture...
Your expectations from the technical staff you hire to elevate your company to the desired level should be clear, and you should pay them accordingly. A cheaply acquired team may not help you reach your goals and desired income levels. Looking at it from another angle, even if you do manage to secure a highly qualified team at a low cost, a slightly more attractive offer from elsewhere could disrupt all your plans. When you look at successful companies, you will see that they have paid a price to establish their corporate culture in the past. To quickly establish a solid foundation, you need fresh minds and a “know-how” built through experience. Regardless of your company’s size, you can achieve great success by seeking consultancy services to build your exploration and production teams and by regularly training and auditing these teams through consultants.
Now You Can Move Forward With Determination
You started with a purpose, now you have a story. You have supported all the elements with support points suitable for your purpose. All your data is always under the control of your changing and evolving team. The authorization you give to your staff is directly proportional to the responsibilities you give them. Because technical decisions are not made entirely by people’s feelings, but by brainstorms supported by the solid foundations of your system. The results you obtain during the process, ready-made reports and data, instantly show you where there are problems.
You can now see the point at which you need to stop loss for your exploration and operating activities and when you need to expand your investment. You have fully built the corporate entity, you have decided to move forward, do not give up on your goal until you achieve success.
No matter your mining investment requirements, commodity (Au, Cu, Pb, Zn, Fe, Sb, etc.), or mineralization origin, don’t hesitate to reach out to us. Let us listen to your needs, craft a roadmap for your goals, develop a strategy, and execute it together.
Explore our website for insightful articles on mining and exploration, concise answers to frequently asked questions in the sector.
GMRTC Mineral Exploration & Modeling & Operation Consultancy
Istanbul - Izmir - TÜRKİYE
SITE MAP
CONTACT US
Before quoting or copying from our site, you can contact info@gmrtc.com
All elements (texts, comments, videos, images) on the GMRTC website (www.gmrtc.com) are the property of GMRTC unless otherwise stated, and are published to provide insights to interested investors, professionals, and students. Any detail that may arise during your process will affect the subject matter you are interested in on this website; therefore, GMRTC (www.gmrtc.com) is not liable for any damages incurred. It is recommended that you consult experts with all your data before making any decisions based on the information provided.