Asset management: staying in control 

Mining companies need to service assets effectively, respond to incidents and mobilize spare parts swiftly.
Owners should confirm the type and volume of equipment required to deliver desired production levels, with targeted utilization rates. Fixed equipment is typically managed and maintained in-house, while maintenance of mobile equipment is usually outsourced to the original equipment manufacturer (OEM) or a third party, with contracts specifying availability levels, along with appropriate rewards and penalties. Good roads and lighting help reduce accidents and damage.

Spare parts management

Where maintenance is outsourced, the manufacturer or dealer has to clean and service the equipment, retaining entire sub-assemblies at the mine. Although contractors use their own equipment, mine owners still want to oversee their operations, to ensure continuous activity and satisfy regulations; this calls for good tracking mechanisms.

Maintenance execution

Maintenance schedules may be time-based (i.e. at regular intervals), usage-based (i.e. after certain hours of use or mileage), or condition-based (i.e. when a potential fault is spotted).Preventive maintenance sets specific dates for reviewing and servicing the most vulnerable parts. Reliability-centered maintenance uses sophisticated monitoring techniques to sense when equipment needs attention, to predict breakdowns and maximize productivity, while limiting costly repairs and servicing.

Keeping the show on the road

Through analytics, KPMG’s asset management professionals help member firm clients with every stage of maintenance, from planning to execution, to minimize disruption to operations. We create processes for monitoring assets, to give more control over performance. This may include determining size and location of workshops, spare-parts inventory, type of maintenance schedule, and whether to outsource servicing.

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