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…

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.

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.

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?

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…

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.

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…

The digital transformation of heavy industry and manufacturing companies is a real development opportunity for the manufacturing sector and Québec’s economic growth. As in the case of any transformation, this comes with its share of issues and challenges.

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.