New Gold Inc .
AUSTRALIA and what is needed to achieved it as a team .”
Operational excellence With a new approach , Peak Mines has also been able to streamline processes and optimise results . The company ’ s newly adopted management approach to maintenance , which incorporates the lean manufacturing model , helped Peak Mines cut its maintenance costs by USD $ 1.3 million in 2014 .
“ The improved management approach is making a tremendous difference in how we operate and conduct business ,” said Bowkett . “ The results speak for themselves . The lean model has given us a goal for our bottom line , which helps us know exactly how many people we need to run this operation successfully , and profitably .”
Peak Mines has reduced its maintenance cost on its loaders from USD $ 120 per hour to $ 50 per hour . The company was then able to increase its jumbo uptime from 60 percent to 85 percent . In addition , Peak Mines commissioned the help of Kepner- Tregoe to assist with a wide range of business improvements such
Peak Gold Mine Workers www . newgold . com 41