Sustaining Capital
Siecap is a project management and advisory firm specialising in providing a full range of corporate and operational services across the asset and investment lifecycle which assist our to clients optimise cost, increase performance and manage risk.
Siecap improved machine availability from 77% to 85%, increased operational costs and redefined the equipment Whole of Life model.
The Background
Global Miner with large sustaining capital program for mining equipment was slowing production on the back of lower economic growth.
The organisation needed assistance to review where sustaining capital was allocated, and optimise the investment by reallocating the funds to pieces of equipment that would maximise the return.
The work did not justify a full time position, and required expertise within the field of Heavy Haulage and off highway mine equipment.
How the Siecap team helped
The Siecap team identified a number of pieces of haulage equipment where upgrades would extend the life of the units negating New Capital requirements for the next 3 years.
The team undertook a comprehensive equipment study to formally document equipment condition and forecast maintenance and operating down time.
Sustaining capital financial modelling and approvals submitted and approved by the Executive Leadership Team.
The Results
For equipment subject to upgrade improved machine availability from 77% to 85%.
Impact on production loss and increased operating costs avoided.
Reduction in lower maintenance costs.
Redefining the equipment Whole of Life model to include such upgrades for all future equipment.
Our Clients
We have delivered results for distinguished businesses and projects in Australia and abroad.