Driving sustainability by helping to reduce fuel consumption by up to 9% per year through sophisticated, scalable analytics
Diesel fuel is a significant contributor to carbon emissions and one of the biggest drivers of costs on a mining site. Up to 50% of a mine’s operational costs can also be attributable to fuel costs. 60%-70% of these fuel costs are attributable to load/haul/dump (LHD) activities alone.
McLaren Applied has decades of experience analysing the performance of Formula 1 cars, including fuel consumption. The repetitive nature of F1 cars doing laps around a circuit mirrors the operations of LHD vehicles going to and from the ore face to a dumping point. By applying principles learned in Formula 1 Racing, McLaren Applied is helping mining companies realise significant fuel performance gains.
McLaren Applied’s Fuel Analytics Platform can help mine operators fulfil the dual objective of improving sustainability and reducing costs, while not compromising on performance. The solution provides analytics based prescriptive guidance in real time that importantly shows how to achieve targeted fuel performance gains.
In many cases mining companies are sitting on a treasure trove of data that describes how their load/haul/ dump operations are performing. By using this data to understand the underlying causes of anomalous fuel consumption, the right initiatives can be put in place to ensure that targeted fuel performance gains are more likely to be achieved sustainably.
LHD Fuel Savings Economics
A typical mine site with 75 LHDs can consume up to 32.8 million litres of fuel per year costing £22.6M. Savings of up to £2M per site can be achieved through leveraging analytics to optimise fuel consumption. Across a typical mining company with 20 sites worldwide, savings can add up to £40M.
This is just the tip of what is possible, contact us to learn more about how our Fuel Analytics Platform can help you.