See below image for the Mine value chain analysis part 2 a mining techies stories6 diagram. The mining value chain— which includes everything from extracting raw material to delivering products to customers—is the backbone of the industry. Companies that manage their value chain well can establish a significant source of competitive advantage and value creation.
For an effective achievement of the performance objectives set by such entities and individuals associated with a given industry, a good insight into the industry value chain is therefore imperative. Let us take the example of mining industry value chain to illustrate it.
Focus has been on full Mine Value Chain Reconciliation (MVCR) from Resource to Product and on proactive cross-functional engagement. A standardised set of reconciliation definitions and relationships are used at all mines across the company to diagnose planning and performance issues.