KPI Examples

Performance management starts with figuring out what to measure.

Example KPIs for the Mining Industry

  • Average bucket weight
  • Average fuel use per machine
  • Average loading time
  • Average number of dumps per hour/day/week/month
  • Average number of loads per hour/day/week/month
  • Average payload
  • Average swing time
  • Cash operating costs per barrel of oil equivalent (BOE)
  • Change time (time between cycles)
  • Cycle distance
  • Cycle time
  • Degree of purity and physical characteristics
  • Dilution of ore
  • Dump time
  • Efficiency of metallurgical recovery
  • Empty stop time
  • Empty travel distance
  • Empty travel time
  • Exploration costs
  • Finding and development costs
  • Flitch
  • Fuel (e.g. , gallons/hour)
  • Gross refining margin
  • Incident rate (accidents, etc.) per x hours
  • Lifting costs
  • Loaded stop time
  • Loaded travel distance
  • Loaded travel time
  • Loading time
  • Lost time incident frequency rate
  • Number of equipment failures per day/week/month/year)
  • Number of holes drilled per day/week/month/year
  • Oil reserves
  • Payload
  • Payload correction (difference between raw and corrected payload)
  • Percent (metal, etc.) in ore
  • Percentage uptime (of equipment, plant, etc.)
  • Product into shed
  • Production cost per barrel
  • Production rate-bank cubic meter (BCM)/ hour (cubic meters of material moved per hour)
  • Raw material substitution rate (percentage)
  • Raw payload
  • Reserve and resource replacement (percentage)
  • Tons of ore feed
  • Tons per hour
  • Tons per load
  • Total minutes lost per shift due to breaks
  • Unit variable costs
  • Utilization
  • Waste per ton
  • Waste recycling (e.g., tons per time unit)
  • Waste volume

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