LAPSE:2023.5368
Published Article

LAPSE:2023.5368
Evaluation of the Performance of Mining Processes after the Strategic Innovation for Sustainable Development
February 23, 2023
Abstract
The article summarizes the arguments within the scientific discussion about performance management in mining companies and their significance for obtaining competitiveness in the market of mining companies in the direction of sustainable development and economic growth. The main goal of the paper is to evaluate the performance indicators of mining processes after the implementation of strategic innovation—a new layout of the mining area focused on a combination of stationary and mobile mining equipment and their influence on the environment in a selected mining company in Slovakia in area of mining of limestone. Methods of research were focused on using economic indicators for the valuation of the efficiency and functionality of the mining processes. We used Pareto analysis for evaluation that points to critical mining processes and their significance in the financial area with orientation to costs, revenues. This research was used economic analysis with direction to efficiency, an indicator of cost and profit. Those indicators create a base for effective business in the mining area. The research empirically confirms that the new innovation of layout of mining place brings improvement of mining processes and indicators point to effective (over limit 0.70) and functional (over limit 0.90) mining processes in the year 2020. Pareto analysis showed the best processes (mining, expedition, transport, sorting) for financial benefits, the volume of production, demand, the satisfaction of customers, the cover needs of industries but at the same they are processes with high costs. Strategic innovation brought improvement too in the area of the environment. The results of the research can be useful for other mining companies in performance management and achievement mining market position.
The article summarizes the arguments within the scientific discussion about performance management in mining companies and their significance for obtaining competitiveness in the market of mining companies in the direction of sustainable development and economic growth. The main goal of the paper is to evaluate the performance indicators of mining processes after the implementation of strategic innovation—a new layout of the mining area focused on a combination of stationary and mobile mining equipment and their influence on the environment in a selected mining company in Slovakia in area of mining of limestone. Methods of research were focused on using economic indicators for the valuation of the efficiency and functionality of the mining processes. We used Pareto analysis for evaluation that points to critical mining processes and their significance in the financial area with orientation to costs, revenues. This research was used economic analysis with direction to efficiency, an indicator of cost and profit. Those indicators create a base for effective business in the mining area. The research empirically confirms that the new innovation of layout of mining place brings improvement of mining processes and indicators point to effective (over limit 0.70) and functional (over limit 0.90) mining processes in the year 2020. Pareto analysis showed the best processes (mining, expedition, transport, sorting) for financial benefits, the volume of production, demand, the satisfaction of customers, the cover needs of industries but at the same they are processes with high costs. Strategic innovation brought improvement too in the area of the environment. The results of the research can be useful for other mining companies in performance management and achievement mining market position.
Record ID
Keywords
efficiency, evaluation, functionality, mining processes, performance
Subject
Suggested Citation
Teplická K, Khouri S, Beer M, Rybárová J. Evaluation of the Performance of Mining Processes after the Strategic Innovation for Sustainable Development. (2023). LAPSE:2023.5368
Author Affiliations
Teplická K: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia [ORCID]
Khouri S: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia [ORCID]
Beer M: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia [ORCID]
Rybárová J: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia
Khouri S: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia [ORCID]
Beer M: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia [ORCID]
Rybárová J: Institute of Earth Resources, Technical University of Košice, 04200 Košice, Slovakia
Journal Name
Processes
Volume
9
Issue
8
First Page
1374
Year
2021
Publication Date
2021-08-06
ISSN
2227-9717
Version Comments
Original Submission
Other Meta
PII: pr9081374, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.5368
This Record
External Link

https://doi.org/10.3390/pr9081374
Publisher Version
Download
Meta
Record Statistics
Record Views
175
Version History
[v1] (Original Submission)
Feb 23, 2023
Verified by curator on
Feb 23, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.5368
Record Owner
Auto Uploader for LAPSE
Links to Related Works