Truck/shovel operations constitute 50 - 60 per cent of the cost of open pit mining operations. Mining companies, therefore, are constantly seeking to close the gap between actual truck/shovel productive capacity and maximum potential truck/shovel capacity. This paper analyses the performance of a mixed truck/shovel fleet in an open cut coal mine in Australia. It analyses operating delays, and proposes a novel graphical means of determining truck-limited or shovel-limited operations. A goal seeking algorithm is advanced in order to maximise truck/shovel match factors (MF) and hence optimise fleet productivity.