Mining Economics – Sydney

This course provides participants with a solid foundation in the fundamental principles of mining economics. It focuses on cost efficiencies involved in every step of the mining process and provides an introduction to systematic planning and the importance of engineering decision-making based on costs. Each participant will receive a set of financial modelling templates and Dr. Ian Runge’s Mining Economics & Strategy textbook.

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Equipment management fundamentals

What is equipment management, equipment management framework, sustainable return on investment, value proposition, and achieving corporate goals.

Understanding life cycle costing

Introduction to Life Cycle Costing and practical applications of the method.

Economic life determination

Equipment life maximised and cost minimised.

Residual value in major components

Predicting life of equipment in time and diminishing value.

Establishing a framework

Process development, identifying layers, aligning people / systems / resources, process health, and ongoing refinement.

Bringing it all together

Dynamic Life Cycle Costing, budgeting, reliability, economic life determination, knowledge database, master data, and maintenance maturity

Learn how to align asset management with organisational objectives.
Increase knowledge in how to create a lowest production cost culture.
Understand effective techniques and philosophies to manage equipment.
Learn how to create and apply life cycle costing models.
Understand and practically apply reliability concepts.
Know how to perform asset management maturity reviews.
Learn how to prioritise asset management
improvement strategies.

Maintenance Managers and Engineers
Cost Analysts
Purchasing and Supply Chain
Equipment Manufacturers and Dealers
Production Professionals
Suppliers and Financial Analysts

Mining Economics – Sydney

Register

Start

Finish

Event Categories:

Venue

Price

Equipment management fundamentals

Understanding life cycle costing

Economic life determination

Residual value in major components

Establishing a framework

Bringing it all together

Mining Economics – Sydney

Register

Start

Finish

Event Categories:

Venue

Price

Course content

Equipment management fundamentals

Understanding life cycle costing

Economic life determination

Residual value in major components

Establishing a framework

Bringing it all together

Learning outcomes

Who is the course for?

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