Asset Management System Implementation
Shivaan Asset Management delivered a trusted ISO 55001 AMS for a global mining leader.
Mining34 daysTimeline saved, delivered in 36 days against a 70-day plan
Mining
Underground Copper Mine: Asset Optimisation Project
Shivaan Asset Management supported a top miner in improving copper output and equipment reliability.
- Specific maintainable items assessed
- 1,849
- Total failure modes and causes addressed, around 30% new
- 24,722
- Critical equipment availability and production throughput uplift (144hrs/yr)
- 6 days/yr
In brief
- Shivaan Asset Management assessed 1,849 specific maintainable items across the eight critical underground systems in scope, from accumulators and locomotives to the track system.
- 24,722 failure modes and causes were addressed, around 30% of them new.
- Critical equipment availability and production throughput rose by at least 6 days per year, which is 144 hours.
- The project was delivered before time and under budget, with the Equipment Strategy Management Database, work instructions and the work management system (CMMS) all updated.
Project Overview
Shivaan Asset Management was engaged by one of the leading mining and metals companies to support with assessing and improving their existing underground copper ore production throughput, equipment reliability optimisation and minimising unplanned failures of their underground critical equipment.
Scope Of Works
Shivaan Asset Management conducted a thorough Gap analysis of existing operational strategies, review of their unplanned equipment failures, optimising existing equipment operating and maintenance strategies (data-based), contributing to defect elimination analysis for top three (3) equipment items with chronic failure events, effective stakeholder engagements and workshops, optimising and updating their existing maintenance and work management strategies whilst collaborating and managing other contractors during the project. The underground mine's critical equipment 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 solution 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 Items,
- 24722 Total Failure Modes and Causes (~30% New)
- Updates to Equipment Strategy Management Database, Work Instructions and Work Management System (CMMS).
- Managed critical equipment's unplanned failure risks, by balancing client's appetite for cost, risk and performance, as per below:
| Unmitigated Risk Class | Mitigated Risk Class | Count of Managed Risks |
|---|---|---|
| A | C | 4390 |
| A | E | 1024 |
| B | E | 2763 |
| C | E | 105 |
The overall client's business risk class range is from A to F and the above risk classes represent failure effects of top critical equipment only, whose risks and effects were not identified/managed.
See how failure modes were standardised into a reusable library across a global asset base
Value Delivered
- Uplift of critical equipment availability and production throughput increase of at least 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 equipment's CAPEX and OPEX costs throughout their Life Cycle
- Improved and implemented strategic and tactical decision making criteria as value drivers for respective Asset Management Plans
- Digitisation of Equipment strategies for sustainable governance and optimisation through continuous improvement.
Read what an Asset Management Plan covers for one asset class
Frequently asked questions
What did the underground copper mine asset optimisation project cover?
A gap analysis of existing operational strategies, a review of unplanned equipment failures, data-based optimisation of equipment operating and maintenance strategies, defect elimination analysis for the top three equipment items with chronic failure events, stakeholder engagement and workshops, and updates to the existing maintenance and work management strategies.
How many assets and failure modes were covered?
Across the eight in-scope systems, the project assessed 1,849 maintainable items and worked through 24,722 failure modes and causes, roughly 30% of them newly identified.
How much did critical equipment availability improve?
Critical equipment availability and production throughput rose by at least 6 days per year, which is 144 hours per year.
What was left in the client systems at the end?
Updates to the Equipment Strategy Management Database, work instructions and the work management system (CMMS), with equipment strategies digitised so they can be governed and improved over time.
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Mining60% fasterProject delivered faster than the traditional Excel spreadsheet method
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