XXXI International Mineral Processing Congress 2024 Proceedings/Washington, DC/Sep 29–Oct 3 1427
to embrace, the large value they add to plant profitability.
They now take great pride in the impressive day-to-day per-
formance of their flotation cells.
CONVERSION OF EFFICIENCY DATA
INTO FINANCIAL OPPORTUNITIES
The above flotation example highlights the importance of
defining plant performance not only in terms of standard
misplacement indicators such as coal recovery, but also as
monetary gains and losses. This approach provides a “uni-
versal language” that is well understood by all levels of
management and operational personnel .Moreover, this
mode of reporting monetary gains/losses makes it possible
to identify where financial resources can be best expended
in terms of circuit upgrades, new instrumentation, operator
training, and so forth.
One effective way of converting efficiency data into
financial opportunities is through the development of key
performance indicators (KPIs) for major circuitry compo-
nents and by compiling these into a total plant potential
efficiency gain. By simulating plant performance using “best
practice” efficiency data, the expected plant performance by
0
10
20
30
40
50
60
70
80
90
100
Before Average =34.8%
After Average =86.3%
Figure 2. Impact of routine performance monitoring on flotation bank recovery
-$60,000
-$50,000
-$40,000
-$30,000
-$20,000
-$10,000
$0
$10,000
Average Loss
$36,370/Day
Figure 3. Impact of performance monitoring on flotation revenue losses/gains
noitatolFhtorF )%(yrevoceRelbitsubmoC
)yaD/$(niaGrossoLeuneveR
to embrace, the large value they add to plant profitability.
They now take great pride in the impressive day-to-day per-
formance of their flotation cells.
CONVERSION OF EFFICIENCY DATA
INTO FINANCIAL OPPORTUNITIES
The above flotation example highlights the importance of
defining plant performance not only in terms of standard
misplacement indicators such as coal recovery, but also as
monetary gains and losses. This approach provides a “uni-
versal language” that is well understood by all levels of
management and operational personnel .Moreover, this
mode of reporting monetary gains/losses makes it possible
to identify where financial resources can be best expended
in terms of circuit upgrades, new instrumentation, operator
training, and so forth.
One effective way of converting efficiency data into
financial opportunities is through the development of key
performance indicators (KPIs) for major circuitry compo-
nents and by compiling these into a total plant potential
efficiency gain. By simulating plant performance using “best
practice” efficiency data, the expected plant performance by
0
10
20
30
40
50
60
70
80
90
100
Before Average =34.8%
After Average =86.3%
Figure 2. Impact of routine performance monitoring on flotation bank recovery
-$60,000
-$50,000
-$40,000
-$30,000
-$20,000
-$10,000
$0
$10,000
Average Loss
$36,370/Day
Figure 3. Impact of performance monitoring on flotation revenue losses/gains
noitatolFhtorF )%(yrevoceRelbitsubmoC
)yaD/$(niaGrossoLeuneveR