What is a Minerals & Mining Strategy?
A Minerals & Mining Strategy outlines the steps an organization will take to identify, extract, and process mineral resources in an efficient and sustainable manner. This type of strategy helps organizations set clear goals and objectives, identify the resources and technologies needed to achieve those goals, and measure progress towards meeting those objectives.
What's included in this Minerals & Mining Strategy Template?
- 3x Focus Areas
- 9x Objectives
- 9x Projects
- 18x KPIs
Who is this Minerals & Mining Strategy Template for?
This Minerals & Mining Strategy Template is designed for leaders and teams from organizations in the minerals & mining industry. Whether you are a small mining company or a large multinational corporation, this template can help you develop a comprehensive strategy that meets the unique needs of your organization.
How is this Minerals & Mining Strategy Template relevant to your organization?
If you are responsible for the success of a minerals & mining organization, this template can help you develop a clear plan for achieving your goals and objectives. By following the structure outlined in this template, you can create a strategy that is tailored to the needs of your organization and that addresses the key focus areas that are most important to your business. Whether you are looking to increase the efficiency of your operations, improve the quality of your products, or reduce your environmental impact, this template can help you create a plan that will drive success in your industry.
1. Define clear examples of your focus areas
A focus area is a particular viewpoint that groups certain requirements set out by an organization. A recommendation from the Cascade team would be to create 4-5 key focus area which you feel are most important to address when creating your Minerals & Mining Strategy. The next step would be to ask yourself: Why is this focus area important to me? What is the benefit of focusing on this viewpoint from a customer's perspective? And, of course, What is the monetary benefit of investing in such a focus area? This process is useful in identifying the key area which needs prioritization which in turn can become focus areas of the strategy.
For example, the focus areas in this Minerals & Mining Strategy Template are: Exploration and Resource Development; Production and Processing; and Marketing and Sales.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example objective that could fall under the focus area of Exploration and Resource Development could be: Increase the number of high-quality mineral deposits discovered.
3. Set yourself measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI in this Minerals & Mining Strategy Template associated to the objective Increase the number of high-quality mineral deposits discovered could be: Increase the number of new deposits discovered (year) from 10 to 20.
4. Implement related projects to achieve the set KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
A project example for the objective Increase the number of high-quality mineral deposits discovered could be: Increase funding for exploration efforts and use advanced geophysical technologies.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Use this Minerals & Mining Strategy Template and launch your strategy in Cascade; it's $0 forever.