Mining News

Mine achieves massive earnings boost after employing four more people

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Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to $1.1-billion at a cost of an additional R150 000 a month. (Also watch attached Creamer Media video.)

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