Does Asset Management Matter for Mining Operations? What is ...
What is Asset Tracking or Tagging?
Asset tracking and tagging is the process of affixing specialist electronic tags to assets to identify each one individually and then be able to track data from them all in real time. Information such as the asset’s location, humidity, movement through to maintenance history can be gathered. These tags can be assigned to both fixed and moveable assets that are spread across multiple mining facilities and within mining operational environments.
Does Asset Management Matter?The mining industry is highly dependent on the state of its assets. As more and more resources are extracted from mines to meet rising demands, managing assets – including equipment, technology and the workforce – has become a key factor in increasing productivity. Asset management incorporates all maintenance and reliability activities as well as all lifecycle management and financial aspects of the Mining Operation.
What are the benefits of Asset Management for Mining?
Effective asset management can result in: Improved asset safety. Improved capital productivity. Improved decision making. Optimized lifecycle costs. More effective risk management. Higher levels of predictability and Reduced energy usage.
How Does Asset Tracking Help?To stem the problem, some mining operators are turning to new technologies that track equipment throughout the facility and beyond in real time. Wireless tracking tools like real time location systems such as SATiS from KeyOptions not only help prevent loss and theft but also help inform asset management, maintenance and purchasing decisions.
Tracking inventory in real time gives organisations the level of visibility they need to maximise their resources’, says Gavin Milton-White, Chief Commercial Officer for KeyOptions. The Mining Sector can avoid overbuying assets because they don’t know where they are. ‘In terms of purchasing power, when you fully understand your product inventory, you know how they’re used, how much they’re used, when they need to be serviced, and also if there are supplies associated with them, how many supplies you need to order.’
Ultimate Asset Monitoring
SATiS tracking solutions provide real time vital updates, to not only know where mining and staff equipment is located, but also its condition, status and maintenance records. Within the mining industry, RFID, RTLS Wi-Fi, Cellular and Bluetooth tags are the primary technologies used by SATiS to track and manage items.
SATiS in the FieldMining facility issued ID cards can be paired to a SATiS tag and then synced to the employee’s identification. SATiS can show the location of staff within their facility, allowing Superintendents to understand who is where, when and how close they are to associated equipment – everything from a Quarry Manager and their quarry equipment or a security officer next to their access control station.
Our analytics provide meaningful metrics on how mining assets and staff are being deployed, moved, used or leave their approved location. Alerts can be configured, including location, usage, zone and the environment. SATiS is highly flexible and can be integrated with other systems as required. Full historic analytics and reporting is available.
Visit us today at KeyOptions to find out more about our unique solutions and how we can help improve the efficiency, safety and security of your mining operations