Asset Performance Management

Maximise uptime, minimise costs and mitigate risks

Optimise your mining operations with our APM solutions

If you plan to unlock the full potential of your operational assets, our experienced engineers, equipped with the latest software, provide a comprehensive solution for monitoring, diagnosis and reliability management in mining and mineral processing operations.

Maximise uptime, minimise costs and mitigate risks with our data-driven approach.

The three pillars of Asset Performance Management

At Mipac, we understand that optimising asset performance is critical to achieving operational excellence.

Our approach focuses on three key levers: Availability, Performance and Quality.

Availability

Optimising uptime for production and sustainability

The foundation of APM is ensuring your assets are operational when you need them most. We utilise predictive maintenance techniques to identify and address potential issues before they escalate into significant failures. This proactive approach maximises uptime, aligns with production schedules and minimises disruptions that could impact sustainability goals.

Performance

Balancing risk and reward for maximum financial returns

Beyond just uptime, APM focuses on maximising the financial performance of your operations. We go beyond basic fixes, delving into plant-wide data to weigh the risks and rewards of different mitigation actions. This allows you to prioritise maintenance efforts that deliver the greatest return on investment and keep your bottom line healthy.

Quality

Ensuring on-spec production and minimising waste

Producing high-quality products consistently is crucial for customer satisfaction and profitability. Our APM solutions leverage data analytics to predict potential issues with product quality and process efficiency. This allows for proactive adjustments, reducing waste and ensuring consistent, high-quality output.

By focusing on these three core levers, Mipac’s APM solutions empower you to achieve optimal asset performance, driving efficiency, profitability and sustainability across your operations.

Partner in your APM journey

We empower process operations to optimise their physical assets, from critical industrial equipment to sprawling infrastructure networks.

Our expert team combines industry knowledge with cutting-edge technologies to deliver a customised APM strategy that:

Improves asset reliability and availability: Reduce unplanned downtime and ensure your assets operate at peak performance.
Optimises maintenance strategies: APM helps you transition from reactive repairs to proactive, predictive maintenance, saving time and resources. It does not replace your existing maintenance processes but enhances them by providing data-driven insights and recommendations for more efficient and effective maintenance planning.
Harnesses the power of data-driven insights: Our APM solutions can help you extend asset lifespan and reduce maintenance expenses, leading to significant operational cost savings
Enhances safety and environmental compliance: APM allows you to identify potential safety hazards and environmental risks before they escalate, promoting a safer and more sustainable operation.

Real-time asset health monitoring

Our real-time asset health monitoring system is always on the lookout, continuously tracking the performance of your equipment.

This proactive approach allows you to identify and address minor issues before they snowball into significant failures and costly downtime.

Asset reliability and performance

Asset reliability and performance refer to an asset’s ability to function at optimal levels consistently. High reliability and performance mean fewer breakdowns, maximised production output and, ultimately, a significant boost to your bottom line.

Mipac is an official Aspen Mtell partner.

Predictive maintenance

Predictive maintenance uses data analysis to anticipate equipment failures before they happen. This proactive approach prevents costly downtime, optimises maintenance schedules and extends the lifespan of your assets.

Prescriptive maintenance

Prescriptive maintenance goes beyond predicting failures. It analyses data to forecast problems and recommend specific actions, like adjustments or part replacements. This targeted approach ensures you take the proper steps to prevent issues, maximise uptime and optimise maintenance efficiency. In contrast, predictive maintenance focuses on anticipating equipment failures based on data analysis.

Maintenance planning support tool

Maintenance planning support tackles the challenge of scheduling and prioritising maintenance tasks. It streamlines your workflow, ensuring the right technicians address the most critical issues optimally. This maximises resource allocation, minimises downtime and keeps your operation running smoothly.

Addressing Equipment Uptime at Ok Tedi

Following a series of critical equipment failures and ongoing major asset upgrades (similar to those undertaken in the Power Improvement and Processing Asset Renewal projects), OTML sought Mipac’s expertise. The goal? Implementing a proactive asset management system.

This system would predict maintenance needs, pinpointing which equipment requires attention and when, thus preventing breakdowns. Additionally, it would forecast performance improvements achievable through optimal asset operation.

Unlock the full potential of your assets

Mipac is a global leader in operational technology, control systems and engineering services.

With industrial experience spanning three dacades, our team of engineers, project managers and solutions developers have worked on more than 720 projects. We go beyond the expected solutions to deliver:

Advanced Process Control
Industrial Automation, including Main Automation Contracting
Data Analytics and Visualisation
Process Optimisation
Cybersecurity
Industrial Software Solutions
Electrical and Instrumentation
Operations Support, Inc. Procurement
Industry 4.0 Consulting

Contact us today and let’s discuss your APM requirements and discover how we can help you achieve operational excellence.

To explore this further we’ve found some related research papers on the topic of asset performance management:

Asset Performance Management