Adopting Asset Management Strategies in Mining: Interview with: Bob Platfoot, Managing Director, Covaris, a sponsor company at the marcus evans Mining Technology & Innovation Summit 2012, on implementing asset management strategies in the mining sector.

1. Adopting
Asset Management Strategies
in Mining
Interview with: Bob Platfoot, critical mass of skill and knowledge at leverage the skills from other
Managing Director, Covaris the actual mine. industries or projects. Local labour
can then be used for specific tasking
Companies are investing heavily in which is unique to local assets and
Mining asset management would asset information systems but not in conditions.
drive out waste and ensure the skills and tools to use that
company meets its target production, information to deliver productivity Good work planning will then assist in
says Bob Platfoot, Managing Director, and improve return on investment in improving personal productivity of
Covaris. “Without asset the asset base. tradespeople, but scheduling and the
management, even though the ore is integrated agreement on the timing
sitting in the ground, their equipment What asset management of work between operations and
will not dig up and transport it at the strategies would you maintenance will lift the productivity
rates they have committed to the recommend? of whole teams.
market,” he adds.
We are using BSI PAS 55 which is
From a sponsor company at the being developed by global forums into
ISO 55000. This requires a global
Regional
upcoming marcus evans Mining
Technology & Innovation Summit strategy that pulls everything
2012, taking place in Perth, together across the business;
Australia, 6 - 8 June, Platfoot shares organisational enabling strategies support teams
his views on increasing labour that are critical to advise people
efficiency and off-site reliability what their role is and how to do it,
asset lifecycle strategies which define
need to mature
analysis.
What off-site reliability analysis
what processes have to be in place
and finally individual asset-based
in asset
solutions would you recommend
to mining utilities?
strategies on critical plants that are
managed through an asset
management
management plan.
Regional support teams need to
mature in asset management, which In terms of delivering asset care, we
is a combination of the essential rely heavily on a time-based Any final comments?
engineering support plus the enabling preventive maintenance approach to
functions of appropriate manage lean resources mixed in with Adopt asset management. It is an
organisational structures, use of asset a strong predictive approach, where essential business process that
information systems and application we understand the condition of assets requires internal knowledge within
of risk management to prioritise in detail and forecast the timing of the company.
decision-making. major work.
It will drive out waste and assure
With maturity in asset management How can mining organisations the company that it can meet its
at that level, mining sites can then optimise cost reduction through target for production that the market
be better supported to lift their labour efficiency? expects. Without asset management,
capabilities in maintenance, managing even though the ore is sitting on
projects and undertaking reliability It is advisable to contract out the ground, their equipment will not
improvement. Relying solely on sites specialised requirements under dig up and transport it at the
to improve without such support will performance-based contracts, rates they have committed to the
fail, since there is usually insufficient particularly where contractors can market.

2. About the Mining Technology & Innovation Summit 2012
The Mining Network –
marcus evans Summits group
This unique forum will take place at the Hyatt Regency Perth, Australia, 6 - 8 June
delivers peer-to-peer information
2012. Offering much more than any conference, exhibition or trade show, this
on strategic matters, professional
exclusive meeting will bring together esteemed industry thought leaders and
trends and breakthrough
solution providers to a highly focused and interactive networking event. The
innovations.
Summit includes presentations on changing business parameters, risk management
framework and boosting returns and productivity.
www.miningtechsummit.com
Please note that the Summit is a
Contact
closed business event and the
number of participants strictly Stacey Melvin, Journalist, marcus evans, Summits Division
limited.
Tel: + 357 22 849 400
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About Covaris
Covaris is a specialist consulting engineering company delivering world class asset management solutions to blue chip clients
across mining, manufacturing, facilities, utilities and other sectors. The company continually re-invests in research and innovation,
thereby providing options for the most advanced approaches to driving out waste and maximising return on investments for their
clients. With mature programs in services delivery, technology and education, the company can offer a total solution package
suited for the people and operations of any client.
www.covaris.com.au
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings.
For more information, please visit: www.marcusevans.com
Upcoming Events
Mining Summit Asia - www.miningsummitasia.com
Mining Technology & Innovation Summit (North America) - www.miningsummitna.com
To view the web version of this interview, please click here: www.miningtechsummit.com/BobPlatfoot