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The Southern African Institute of Mining and Metallurgy A Ndibalema Surface Mining 2008 CAPTURING ECONOMIC BENEFITS FROM BLASTING A Ndibalema Analogous Ashanti Data Gold Mine Tanzania ABSTRACT Blasting

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Point by Point on how to fill out capturing economic benefits from and who needs it:

1. Identify the specific economic benefits: In order to capture economic benefits, it is important to identify and understand the specific benefits that are relevant to your situation. This could include cost savings, increased revenues, improved efficiency, or any other financial advantages.
2. Analyze the current state of the organization or project: Before capturing economic benefits, it is important to assess the current state of the organization or project. This analysis should include evaluating workflows, processes, resources, and any potential gaps or areas for improvement.
3. Develop a strategy: Once the economic benefits have been identified and the current state analyzed, a strategy should be developed. This strategy should outline specific actions and initiatives that will help capture the identified economic benefits.
4. Implement the strategy: Putting the strategy into action is the next step. This will require clear communication, coordination, and collaboration among all relevant stakeholders. It may involve implementing new technologies, making process improvements, or adopting new business practices.
5. Monitor and evaluate progress: It is important to continuously monitor and evaluate the progress of capturing economic benefits. This will help identify any challenges or areas that need adjustment. Regular reporting and analysis should be conducted to ensure that the desired economic benefits are being realized.
6. Regularly review and update the strategy: Economic conditions and organizational needs may change over time, so it is important to regularly review and update the capturing economic benefits strategy. This will ensure that it remains aligned with the current goals and objectives of the organization.

Who needs capturing economic benefits from?

1. Organizations: Capturing economic benefits is relevant for all types of organizations, whether they are small businesses, large corporations, non-profit organizations, or government entities. It can help improve financial performance, enhance competitiveness, and drive sustainable growth.
2. Project managers: Project managers play a crucial role in capturing economic benefits within specific projects. They are responsible for identifying and managing project costs, optimizing resource allocation, and ensuring that the project delivers the intended economic benefits.
3. Individuals: Individuals who are looking to improve their personal financial situation can also benefit from capturing economic benefits. This can include strategies such as saving money, investing in assets, or reducing expenses to increase disposable income.

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