Significant Initiatives
Working Capital
- $50 MM reduction in Net Working Capital during 2001 (to $230 MM)
- Tiger Teams driving $10 MM more than planned
Mining Fleet Management
- Tiger Team formed to manage fleet as single pool of 275 large machines
- Led to significant intercompany transfer of equipment during 2Q of 2001
- $19 MM in equipment savings
- $17 MM in additional Cash Flow from operations
Electrical Power
- $55 MM operating cost for Nevada Operations (2nd only to labor)
- Tiger Teams across NV integral to reducing consumption (up to 10%)
Other
- 80 – 100 additional Teams focused on wide spectrum of change initiatives
- Safety, Environmental, Productivity & Cost, and Cash Flow focus