Most large-scale mining activities are dominated by international conglomerates. One of the main reasons for this is that mining is very intensive on assets, which requires massive investments in heavy equipment, exploration and mining facilities.
Enterprise Asset Management (EAM) is ideal for mining as it helps manage asset lifecycle from planning to retirement. Lifecycle asset management with an EAM extends the expected life of equipment, reduces ongoing maintenance costs and increases safety.
An EAM system achieves this by leveraging work management automation and proactive maintenance, including scheduling inspections and work orders. In addition, using a mining EAM will reduce document storage and processing costs, view the working history of each asset, and enable the adoption of standard operating procedures in multiple locations.
Some of the other benefits of implementing an EAM system include, but are not limited to:
- Quality EAM systems are hosted, which means that the software vendor runs the EAM system on its computer servers. Because no significant IT purchase is required on site, planning and operations can start earlier at a lower total TCO.
- Using rugged mobile EAM devices reduces paper flow, increases maintenance efficiency and provides reliable tools for conducting and recording inspections, preventive maintenance and repairs.
- With an EAM, blueprints, photos, contracts and other documentation can be scanned, uploaded and linked (linked) to assets. Document storage is then centralized and lost documents are a thing of the past.
- EAM management reports can provide a detailed list of all work on assets. This information is invaluable when it comes to maintenance planning or verification that all safety rules and regulations are in compliance.
- EAM work management reports help identify maintenance trends and best practices. It is equally important that they enable asset managers to more accurately predict when an asset needs to replace capital.
- An EAM can continue to be used after a mine is closed. For example, some mines have waste deposits that must be maintained after the mine is closed. Failure to maintain it can cause an ecological disaster or tragedy. An EAM ensures that inspections and maintenance are carried out regularly and the results are recorded.
Every mining operation is different. Some mining operations are designed for exploration and others for actual mining of products. An EAM system can track all assets, so mine and maintenance managers always know the location and state of assets.