NCM 0.00% $23.35 newcrest mining limited

Given the size of NCM and its terrible history of mine...

  1. 22,345 Posts.
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    Given the size of NCM and its terrible history of mine stoppages/plant break
    downs over the past 18 months, may I suggest the following:-

    That NCM forms a Spot Check team consisting of a mining specialist,
    a grinding specialist and a processing specialist. This team could
    review the current R&M plan and perform spot checks on mines
    and report back directly to the CEO. This would, IMO, minimise
    mine and plant outages and provide a second opinion to the CEO
    and as such the CEO could not claim ignorance when there is another
    major problem.

    We all know that front line supervisors and managers are in touch with
    weaknesses at the "coal face" and spot checks on this level would short circuit
    bureaucratic communication systems.

    The market is now skeptical of plant reliability because of the past year's cockups and this strategy would help to restore market confidence by improving reliability.

    If you like the idea, please send a message to the CEO saying so.

    With kind regards
    Moorookamick
 
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