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.