HAUL TRUCK LIFE CYCLE MANAGEMENT AND UPTIME STRATEGY

by Michael Currie and James V. Reyes-Picknell

19 - 21 November 2008 Vancouver Canada

Course Presenters Schedule General information

Summary

This course is part of an EduMine blended learning program that integrates online learning with classroom sessions by industry specialists.

The aim of this course is to offer complementary sessions focused on best practices in physical asset management, specifically managing the life cycle of haul truck fleets combined with key concepts in developing a maintenance and asset management strategy.

The aim of this part of the seminar is to create an analytic framework to impartially assess haul truck investments using reliable financial modeling and sensitivity analysis. Particular attention will be given to the treatment of the key operating variables such as road condition, loading, vendor risk and maintenance, and the way these influence the associated costs and optimization of the net present value of haul truck investment.

Building on the operations and maintenance issues discussed in Part 1, Uptime Strategy covers the essentials of developing an effective maintenance and asset management strategy. Beginning with how leaders chose excellence through to the development of a full RCM program, this part of the seminar is devoted to achieving better results through improved equipment reliability, lower costs and a safer work environment.

The course is organized by M.G. Currie & Company, a management consultant, Conscious Asset Management, experts in Maintenance and Physical Asset Management, and EduMine, the Professional Development Division of InfoMine Inc. (Vancouver BC, Canada). A certificate of attendance from EduMine will be issued to delegates who complete the course.

Background

Optimizing the life cycle of mining fleet assets pays huge dividends - haulage represents a significant portion of a mine's operating budget and, in an era of record commodity prices tempered by unprecedented scarcity of product support, getting it wrong today carries much greater consequence than it did ten years ago, both in terms of missed opportunity and increased cost.

Getting it right requires cooperation between production, maintenance, engineering and purchasing groups, often difficult to achieve without a common set of guiding principles and techniques. Employing a valid discounted cash flow model, backed up by realistic operating inputs, and developing an excellent maintenance and asset management strategy, are keys to achieving industry-leading results.

Pre-Course e-Learning

Prior to the course, registered delegates are provided with an internet url, user name and password. This enables them to access online e-learning material from EduMine consisting of introductory courses titled Haul Truck Life Cycle Management, authored by Michael Currie, and Maintenance Management, authored by Ken Musgrave. These online courses provide delegates with important background material, which increases their understanding and appreciation of the classroom course. Review of this material prior to the course, including completion of the interactive reviews, enables delegates to derive maximum benefit from the live sessions.

UBC Certificate in Mining Studies

This course qualifies for the UBC Certificate in Mining Studies, a continuing education initiative by the Norman B. Keevil Institute of Mining at the University of British Columbia. Delegates who (1) register for the Certificate in Mining Studies, (2) complete online certification in the required EduMine e-learning modules, (3) attend this course, and (4) complete a take-away project will receive credit towards a Mining Certificate from UBC Continuing Studies. more details »

Who Should Attend?

The course will be of particular interest to purchasing, maintenance, engineering and production professionals from mining companies that operate fleets of large haul trucks. It will also be of interest to financial analysts and suppliers who wish to gain a better understanding of mining economics.