• Case Studies

    Contract Mining Asset Availability

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$50m in value was identified through the increase in asset availability of a contract miners mine fleet

The Background

  • Contract mining organisation with seven Australian project locations was suffering from the market down turn and an increasing cost base
  • The organisation required support to identify key initiatives that would both reduce cost, streamline process and improve asset availability
  • Previous internal lead studies had not gained traction with a low level of stakeholder engagement and commitment

How the Siecap team helped

  • The Siecap project team engaged heavily at a site and stakeholder level to ensure all issues were captured and buy-in was obtained
  • Key stakeholders from plant and maintenance, operations, supply and finance were involved in the development of opportunities and validation of the estimated benefits
  • This also included the review and redesign of how the work order management process should be managed to streamline planning visibility

Results

  • Revenue Improvements: Improved asset availability through more effective spares and materials support
  • Cost Reductions: Production and operating cost reductions through increased asset availability and improved working capital
  • Facilitated the extraction of bulks from packages and ‘options and extras’ from mobile equipment
  • Standardisation: Standardisation of core processes to improve support services, process confidence and repeatability

Case Studies