Mining Elites

The supply of aftermarket parts is an $800 billion business that covers everything from replacement of something as small as a printer toner cartridge to that of a massive ship engine, and is the bedrock on which operational reliability in the mining industry is built, yet, spare parts are also the most overlooked contributor to reliability outcomes, Illustech MD Rick Du Toit points out.

Research has shown that most companies operate without properly implementing even the most fundamental aspects of spare parts management at their sites. The result is the costly expense on spare parts for equipment due to incorrectly ordering and also the debilitating costs of production loss as a result of spare parts mismanagement, which could cost significant amounts of money each year.