Execution is where the rubber meets the road as we strive to improve the performance of our physical assets. The transition from reactive to proactive and precision maintenance is crucial for enhancing equipment reliability and performance.

This session explores Proactive and Precision Maintenance, emphasizing Fasteners, Lubrication, Alignment, and Balance (FLAB). By focusing on these key areas, you can reduce downtime, extend machinery life, ensure operational efficiency, and improve the safety and sustainability of physical assets.

• The Business Case for Proactive and Precision Maintenance
• Fasteners - proper techniques for threaded and welded fasteners, belt tensioning, and Leak Detection and Repair (LDAR).
• Lubrication - lubricant selection, application methods, and contamination and condition control.
• Alignment - mechanical alignment techniques and managing electrical power quality and harmonics.
• Balance - dynamic and static mechanical balancing of machinery and phase-to-phase electrical balance.
• Inspections and Condition Monitoring – the feedback loop to ensure that all FLAB management practices are under control and achieve set targets.
• Executing Proactive and Precision Maintenance

These are first principles for managing the reliability of physical assets. Failure to get these basics places all other investments to improve asset performance at risk.

Creating value in the mining industry comes down to three factors –market conditions, geological quality, and the performance of physical assets. As is the case with most commodities, management has little control over the market. We trust that the geology is good, otherwise, we wouldn’t be mining the area. The performance of the physical assets is the one dimension over which management wields a great deal of control.

Asset management is often viewed as synonymous with maintenance – generally considered a cost centre.

In this workshop, we intend to change your perspective. Managing the performance of the assets must be viewed through a different lens – as a value centre.

We begin with an overview of the four primary value and loss/risk drivers:

• How upper quartile asset management practices drive EBIT/EBITDA.
• The potentially disastrous effects of asset management gone awry.
• How asset management increases safety performance.
• Asset management and your energy and carbon footprint.

We’ll conduct an interactive workshop to address how asset management drives EBIT/EBITDA, a lean balance sheet, and ultimately, RONA/ROCE – the true value of a company. Then we’ll set our sights more strategically and discuss how asset management can differentiate you in the market and create a competitive advantage.