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.
How can we innovate in railway turntable design?
Turntables have existed since the 1830s, but nowadays they must adapt to brand-new requirements, which we will address in this article. We will also try to answer the question of how to transform them without generating exorbitant costs, while minimizing shutdown times?