Project Overview
Shivaan Asset Management was engaged by one of the leading mining and metals company to support with assessing and improving their existing underground copper ore production throughput, equipment reliability optimisation and minimise unplanned failures of their underground critical equipments.
Scope Of Works
Shivaan Asset Management conducted a thorough Gap analysis of existing operational strategies, review of their unplanned equipment failures, optimizing existing equipment operating and maintenance strategies (data-based), contributing to defect elimination analysis for top three (3) equipments with chronic failure events, effective stakeholder engagements and workshops, optimizing and updating their existing maintenance and work management strategies whilst collaborating and managing other contractors during the project. The underground mine’s critical equipments included were of the following Systems:
- Accumulators
- Locomotives
- Catenary
- Loading Chutes & Hydraulic System
- HV/LV
- Wagon / Ore Cars
- Overhead Cranes
- Track System
Project Outcomes
Shivaan Asset Management delivered a high quality, resilient and sustainable solutions for the project whilst aligning to our client’s operational strategic objectives. Key outcomes from the deliverables were:
- Project delivered before time and under budget
- Desktop gap assessment, stakeholder workshops and implementation of approved strategies for:
- 1849 Specific Maintainable Equipments,
- 24722 Total Failure Modes and Causes (~30% New)
- Updates to Equipment Strategy Management Database, Work Instructions and Work Management System (CMMS).
- Managed critical equipments’ unplanned failure risks, by balancing client’s appetite for cost, risk and performance, as per below:
| Unmitigated Criticality | Mitigated Criticality | Count of Managed Risks |
|---|---|---|
| A | C | 4390 |
| A | E | 1024 |
| B | E | 2763 |
| A | E | 105 |
The overall client’s business criticality range is from A to F and the above criticalities represents failure effects of top critical equipments only, whose risks and effects were not identified/managed.
Value Delivered
- Uplift of critical equipment availability and production throughput increase of atleast 6 days per year (144hrs/yr)
- Improved equipment compliance requirements and confidence in operating/maintaining.
- Balanced strategic justification delivered for increased preventive and planned maintenance costs against unplanned maintenance.
- Robust management of critical equipments’ CAPEX and OPEX costs throughout their Life Cycle
- Improved and implemented strategic and tactical decision making criterias as value drivers for respective Asset Management Plans
- Digitisation of Equipment strategies for sustainable governance and optimisation through continuous improvement.