Incorporating ESG into Major Project Decisions & Design in the Resource Sector
Decision How does your company make its major capital project decisions, such as those with an installed cost of over $10M? Does it consider and incorporate all risks and opportunities? Is it a methodological approach or is it relatively adhoc where only economics are truly…
Asset Durability Management: Expertise at the Heart of Asset Management
Asset Durability Management (ADM) is a rapidly growing field of activity. Around the world, companies must balance their economic, social and environmental sustainability with the need to maintain and optimize their physical assets. With successive retirements, restructurings and relocations, corporate memory is being lost, as some of the knowledge and expertise disappears, making it difficult to determine the health and performance of assets. The development of cloud software such as a SaaS service has paved the way for significantly improved overall management of capital-intensive assets, whether they are infrastructure or equipment.
Extending the life of assets: a strategy for reducing the carbon footprint
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…
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.
Madagascar’s Industrial Marvel
Lying just 300 miles off the eastern coastline of South Africa, the island republic of Madagascar is a hidden gem that is better known for its rich biodiversity and paradise beaches than for its industrial potential. There is more to this place than meets the…
Find the fault
Dans l’univers de la gestion de l’intégrité et de la fiabilité des actifs, on peut vouloir réduire ses coûts d’exploitation, améliorer la durabilité et la fiabilité des équipements, diminuer les risques d’accident potentiels, ou encore mettre en lumière un problème de conception.
Norda Stelo’s CEO Alex Brisson interview with Kathy Ireland
Bringing innovative stories of North American companies to a business audience in over 50 countries across the globe, Worldwide Business with kathy ireland® show airs weekly on Fox Business Network and Bloomberg International. In this episode, Alex Brisson, President of Norda Stelo, presents his thoughts…
Delivering Sustainable Value to Madagascar
Ambatovy is one of the most ambitious industrial undertakings in the history of Madagascar and the Indian Ocean, aiming not only at profits but also at developing local communities and contributing to the national economy in a sustainable manner.
Tank Farm Health Review
The COVID-19 pandemic has served as a catalyst for a number of movements that have emerged in recent years, including responsible consumption, eco-design, and the circular economy. Looking to the future new reality, it’s clear that industry will increasingly focus on asset durability, with the strengthening of environmental, social and governance (ESG) requirements being an integral part of sound asset management.