Turner Mining Group’s Post

Use Process Mining to X-Ray your business processes. You could make your processes "super." #processmining #fintech https://lnkd.in/g5nqSr9S

Use Process Mining to X-Ray your business processes. You could make your processes "super." #processmining #fintech https://lnkd.in/g5nqSr9S

To my last post, I’m not trying to aimlessly bash certain types of PE. Certain business models just don’t work without massive and rapid value appreciation where you can buy low enough and sell in 3-5 years at both a 3X multiple and 30% IRR. It really is a buy and flip model that doesn’t work in today’s market for several reasons. I know of many situations where management teams are currently stuck (some big and surprising names too), teams never outran their pref, teams were smash-co’d, etc. A lot of top level talented technical professionals really got screwed. We’re still seeing negative fallout including some terrible drilling, completions, and operations resulting from hubris (as a friend called it last week) and lack of respect for blue collar boots on the ground folks. The disconnect between executive finance guys (and maybe 1 or 2 gals - usually just for optics) and the folks getting oil out of the ground is pretty terrible right now and not helping the industry.

Recently we talked about the different steps of due diligence you should take before you proceed with a M&A strategy. In addition to the article, we've written a workbook for evaluating M&A targets. But what's even better, is that you can also use this workbook for your active mine site. In the workbook, we'll cover: 🏥 Financial Health 💪 Operation Strength 🛣 Market Position 🌲 Regulatory & Environmental Compliance 👩🔧 Personnel & Culture Get your FREE copy here: https://lnkd.in/gckjK55D #mergersandacquisitions #workbook #companyculture

Aurubis AG has cleared out its top management, including Chief Executive Officer Roland Harings, as the copper producer seeks to move on from a giant raw-material scam. The company has terminated the contracts of Harings, Chief Financial Officer Rainer Verhoeven and Chief Operating Officer Heiko Arnold, Aurubis said Tuesday. Aurubis sent shockwaves through the European copper industry in August when it said it had been hit by a sophisticated scam perpetrated by suppliers and complicit employees. The fraud — which involved valuable scrap raw materials — followed on from a smaller theft discovered a few months earlier, and raised uncomfortable questions about the company’s security controls. The leadership changes follow Aurubis’s decision to carry out an independent legal probe into a criminal scam that cost the copper producer about €169 million ($184 million) last year. The firm warned in December that it may make executive changes once the review was concluded. Thomas Biesheuvel #copper #aurubis #fraud #legal https://lnkd.in/e-VQ2sBa

Use Process Mining to X-Ray your business processes. You could make your processes "super." #processmining #fintech https://lnkd.in/g5nqSr9S

Use Process Mining to X-Ray your business processes. You could make your processes "super." #processmining #fintech https://lnkd.in/g5nqSr9S

🌐 The Crucial Distinction: Financial Roadmaps vs. Traditional Planning in FIFO and Mining 💼💡 Hello, exceptional FIFO and mining professionals! 👷♂️💰 Today, let's explore a vital aspect of financial success in our industry: understanding how a financial roadmap sets itself apart from traditional financial planning. Why is this crucial for you? In the dynamic world of FIFO and mining, your financial needs and challenges are unique. The standard financial planning strategies might not fully encompass the intricacies of our profession. This is where a financial roadmap steps in. 🛣️ How does a roadmap differ from traditional financial planning in your industry? 1. Tailored Precision: A financial roadmap is not a one-size-fits-all approach. It is precisely tailored to your life in FIFO and the ever-evolving nature of the mining industry. 2. Career-Centric: Unlike traditional planning, a roadmap aligns with your career milestones. It adapts to the fluctuating demands of your profession, ensuring your financial goals are in sync with your professional growth. 3. Balancing Act: Your lives involve a delicate balance between time away from home and financial responsibilities. A financial roadmap delicately weighs this, crafting a plan that respects the unique challenges of your lifestyle. 4. Industry-Specific Hacks: Roadmaps incorporate tricks and hacks specific to our field. Whether it's optimizing for tax efficiency or devising investment strategies that align with the FIFO lifestyle, a roadmap is your personalized guide to financial success. 5. Emergency Preparedness: Recognizing the unpredictability of your industry, a roadmap places a strong emphasis on emergency planning. It's not just about wealth creation; it's about safeguarding what we've worked hard to earn. Discussion Time: How do you perceive the differences between a financial roadmap and traditional planning in our industry? Have you experienced the benefits of a roadmap firsthand? Share your thoughts and experiences in the comments. Let's build a collective understanding of this crucial aspect of financial planning. Stay tuned for more insights as we navigate the unique financial landscape of FIFO and mining! 🗺️💼 #FIFO #MiningProfessionals #FinancialRoadmap #TraditionalPlanning #CareerGrowth #FinancialSuccess #MiningLife