How to avoid replacing assets unnecessarily

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.

Managers must maintain the overall health of their asset inventory. Extending the life of assets allows to postpone direct investments in the most important ones. The financial pressure naturally decreases over time, thanks to the extension of their lifespan.

How does a mining company’s digital transformation contribute to better management of its assets?

The asset management stream 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. Fortunately, the accessibility of modern technology performance tools now facilitates their adoption and the achievement of measurable and therefore useful results. This article provides an overview of what digitization represents in an effective asset durability management approach at a mining company.

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Norda Stelo is an independent engineering consulting firm that was founded in Quebec in 1963. Specializing in integrated projects, Norda Stelo supports its clients every step of the way, from planning and design to construction or construction management operations.
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