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Seven-Bullet Monday - November 20, 2023


Here is your Seven-Bullet Monday

 

1.       A quote I am pondering:

"In the middle of difficulty lies opportunity." – Albert Einstein


Difficult times can catalyse growth, learning, and discovering new possibilities. It all depends on our attitude and how we embrace these times. Instead of wishing it was easier, we can improve ourselves by digging deeper, trying different options, asking for help and remaining positive.

 

2.       A question I am asking myself:

What are my limiting beliefs, and how do I change them?


A limiting belief is thinking I can't do something or I'm not good enough. By asking this question, I can find and understand my negative thoughts and then do something about them. One of the ways I can overcome limiting beliefs is to visualise my future self successfully doing that exact thing that seems so hard right now.

 

3.       A book I am reading:

The Caterpillar Way: Lessons in Leadership, Growth, and Shareholder Value - Craig Bouchard and James KochWith


This book studies how this once-struggling company grew to become the world's premier construction and mining equipment manufacturer. CAT has had several exemplary leaders who made some astute decisions along the way. It was interesting to read how CAT restructured its business, principally into mining and natural resources, leveraged its dealers to expand its position, and won a multi-year battle with the unions. Combining Six Sigma and Lean Management also helped it reduce costs and expand its margins.

 

4.       What I learnt this week

That increased protein intake is critical for building muscle


A few weeks ago, I mentioned that I'm participating in an F45 six-week challenge, where I’m targeting to gain lean muscle mass and reduce my body fat percentage. Three weeks in, I did my InBody scan and was surprised to find I had gained more muscle than expected. I hadn't done anything notably different in the daily workouts, but I have focused on eating as much protein as possible. It's not easy to eat the recommended 1 gram of protein per pound of body weight per day, but I reckon I have gotten close on most days, and I'm convinced that it is related to muscle gain.

 

5.       My highlight this week

Reporting our fuel savings to the Board of Directors and our Bond Investors


Since last year, we have been focusing on improving the fuel efficiency of our mining operations at Conuma. The principal way we report our fuel efficiency is by litres of diesel consumed per equivalent bank cubic metre of material moved. Many things can influence this metric, such as mining methods, haul distances, gradients, equipment wait times, weather, idling and driver behaviour. Compared with a year ago, we have improved by around 10%. Considering we use around 90 million litres of diesel annually, this translates to considerable cost savings and materially reduced emissions.

 

 

6.       Hugh-tips

Give yourself a cooling-off period before making large purchases

 

If you are considering buying something expensive, it's good to wait a bit before buying it. Give yourself some time, like a few days, to think about it. This helps ensure you really need it and that it fits your budget. During this time, you can consider its pros and cons, look at alternative options, and decide if it's something you need. This way, you avoid buying things on impulse (especially with Black Friday coming up when we are enticed to save by spending!) and make sure your choice is suitable for you and the amount of money you have.

 

  

7.       My challenge for you this week

Reach out to some people at work you don't usually talk to


We all have people we must speak with at work and those we like to speak with. So, this week, please try to talk to at least one more person daily. Find a topic of common ground and strike up a conversation. Make it positive, ask some questions and keep it interesting.

 

 Have a great week.

 

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