CASE STUDY
A case study performed at an open-pit iron ore mine in Western Australia that exports 50 Mtpa observed a downtime of over 370 hours per annum from oversized ore blockages.
This resulted in a 4% decrease in production for the year. This equates to an approximate production loss of 2 Mtpa and a revenue loss of US $ 200 million per annum (at US $100 per tonne of iron ore).
LoadWise sensors were installed on several trucks on site to detect oversized ore. The detections were validated by camera footage.
The trials confirmed that LoadWise can achieve an oversize detection accuracy between 70% and 90%, attesting to its effectiveness.
This effectively means that between $140 million and $180 million of lost revenue can be recovered by using LoadWise.
