C
ompanies in the mining sector can’t
afford to leave money on the table,
even during an upswing. Lower
capital costs remain the highest contributor
to improved project economics while operat-
ing costs and production capacity must meet
commitments in order to succeed; it is lower
capital and operating costs that keep compa-
nies in the game.
Canadian miners are focusing on increasing
efficiency. Traditionally, mining companies
contract out engineering, procurement and
construction managers (EPCM) to deliver
projects, but a number of factors that go into
choosing the right fit can often still lead to
projects being overbudget and delivered late.
Merian Mine, Suriname
SEPTEMBER 2018 | BUSINESS ELITE CANADA 3
