Global Mobile Maintenance Strategy For First Quantum Minerals

THE BRIEF

First Quantum Minerals Ltd (FQM) is a global copper company. FQM produce copper in the form of concentrate, cathode, and anode, and have inventories of nickel, gold, and cobalt. From its beginnings as a small group of highly skilled professionals, FQML has achieved unprecedented entrepreneurial growth to operate long-life mines in several countries, employing 20,000 people worldwide.

FQM asked LOA to conduct a strategic review and overhaul of FQM global mobile maintenance operations. These divisions service and repair the heavy mobile equipment and vehicles used to extract and transport our mineral assets in and around our pits. FQM’s goal was to achieve a transformational, up-skilling mobile maintenance strategy for existing operations that captures global benchmarking, planned maintenance standards, development & training, culture, behaviours, skills, competencies, investment, and leadership buy-in.

THE SOLUTION

This project focussed on developing a holistic strategy that would, over 4 years, increase scheduled maintenance and reliability so that at any one time the operation has an optimal level of fleet availability.  This would ultimately increase production and reduce costs.  However, with each of our large sites operating with different challenges such as varying ore grade, fleet lifespan and location/cultural differences, a one size fits all strategy would not be effective.

THE RESULT

LOA designed, created and delivered the strategy document based on the working team's information and data which was then presented to the Board for approval.


For an investment of  $11,823,523, FQM had the opportunity to realise the following over the next four years:

  • Create a baseline for improvement across FQM maintenance function
  • Create a motivated and proficient workforce with technical knowledge of FQM specific equipment
  • Establish a high-quality pipeline of productive people who understand their own roles and how they impact the business
  • Create closer links and a support network with other functions, including training, HR and purchasing

The financial returns for this investment were as follows:

  • Estimated savings at 60% Scheduled after year 3 $57,147,759
  • Estimated savings at steady state 70% Scheduled after year 4 $89,157,689
  • Potential Productivity uplift (Tonnes) of 56,112,897
  • Potential Productivity uplift (Value) of $2,284,551,095
  • Potential Reliability uplift (Tonnes) of 2,000,410
  • Potential Reliability uplift (Value) of $71,384, 876

 

In the past, various upskilling projects have been run, with limited success.  The strategy this time needed to be more broadly focussed, taking into account career paths, resource planning, asset plans and processes, on-site training facilities, education/apprenticeships and trade schools as well as the communication and motivation of our people…

Lee and Laws of Attraction played a critical role in developing this strategy, using his industry expertise and communication skills to build successful relationships with the working teams at each site. Gathering all the information required to enable the creation of the final strategy document which was successfully presented to the project sponsors and COO for sign off. The Board subsequently approved the investment case and was received so well that the process that Lee created is now the blueprint for all Board Investment cases in First Quantum.

Lee has excellent industry knowledge, energy, determination and passion to see a challenging project through.

The project is now in the project implementation planning phase and will have a significant impact on how the business operates in the future.

Elaine Plested, First Quantum Minerals.

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