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.
Highlights
Published: 6 August 2021Management of mining processes and monitoring of their performance is a basic prerequisite for continual improvement, elimination of waste, the introduction of innovations in mining, gaining competitive advantages, and application in the competitive environment of the mining industry by the view of sustainable development and economic growth.Jiskani et al (2020) support the argument that improving the competitiveness of the mining industry aids in the promotion of its sustainable development by the SWOT analysis for the mining industry
The research was the chosen mining implementation of strategic innovation—a newobject layoutofof the mining area focused on a mining company in Slovakia that deals with the mining of raw material, limestone
The object of research was the chosen mining company in Slovakia that deals with the mining of raw material, limestone
Summary
Management of mining processes and monitoring of their performance is a basic prerequisite for continual improvement, elimination of waste, the introduction of innovations in mining, gaining competitive advantages, and application in the competitive environment of the mining industry by the view of sustainable development and economic growth. Jiskani et al (2020) support the argument that improving the competitiveness of the mining industry aids in the promotion of its sustainable development by the SWOT analysis for the mining industry. Cehlár et al (2019) [2] stated that the new mining machines mean improving mining operations, more efficiently boosting productivity and employee safety, and opportunities for future use of earth resources and new technologies in the mining industry [3]. Optimization of the mining area and its layout means competitiveness in the market of mining industries (quality management).
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