Mining equipment maintenance costs range from around 30 to 50 percent of overall mine operating costs — and are increasing steadily. When a single cost category carries so much weight, it deserves attention.
Mining companies in nearly every stage of the mining cycle rely on parts, equipment, and supplies — and lots of them — to do their work. Downtime at any time is costly. A Computerized Maintenance Management System, or CMMS, is essential to help ensure mining equipment, accessories, and even fleet vehicles remain on the job, safe, and performing optimally. We’ve assembled seven must-haves when choosing a CMMS for your mining company.
When is a mining company not just a mining company? Modern mining operations are no longer static operations with their equipment in the sand. Instead, they are pursuing new opportunities and embracing diversification strategies, becoming more than just miners.
Mining companies are experiencing a wide range of results from their digital transformation efforts. While some are significantly lowering costs and increasing productivity, others are seeing only incremental improvements.
SOX compliance matters to mining companies — and what you don’t know about it could cost you both financially and through missed opportunities. Here’s what mining companies need to know about C-SOX.