Collective Ingenuity

The asset management aspect of the mining sector’s digital transformation is well under way and very necessary. Whether we consider the issues of productivity, safety, the environment or competitiveness on global markets, several reasons motivate the search for sustainable asset lifecycle management solutions.

Industry assets are at the heart of organizations’ production activities. The durability of both infrastructure and industrial assets (buildings, bridges, various networks, tanks, conveyors, crushers, lifting facilities, tailings ponds, etc.) is of paramount importance.

In a previous article, we sought to discern a winning strategy for Québec to develop its local green hydrogen sector. Let’s briefly summarize its main conclusions: hydrogen is complementary to bioenergy, electrification and to strategies of energy sobriety and efficiency that must characterize the Québec energy transition.

Asset management has long relied on capital expenditures (CAPEX) and operating costs (OPEX) to ensure the satisfactory production capacity of a piece of equipment. While this accounting exercise remains an indispensable part of the equation, the life cycle of a physical asset is no longer simply an economic issue.

It is seven o’clock in the morning, I leave for the office. On the way, I choose to make a small detour to get a coffee. I go in to order…but nothing seems to go right. A huge line separates me from the counter.

While some of us must begrudgingly admit we have been working on ESG (Environmental Social and Governance) in all its forms for longer than we want to admit, until recently seeing any real progress has been far too slow.