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Podcast

Mining in 10 minutes - Ep. 2: Equipment Maintenance and Asset Risks

Episode 2 of ‘Mining in 10’ – Host Raul Munoz and expert guest Mark Tanaka discuss the impactful risks of inoperable equipment and insufficient maintenance processes.

Mining equipment is exposed to severe pressure, fluctuating loads, high temperatures, and corrosive substances, accelerating wear and tear. For modern mining organizations, equipment breakdown is a significant risk that, if unaddressed, can lead to catastrophic impacts, delay production for extended periods, or trigger mine closure. If proper maintenance processes are not in place, preventable equipment breakdowns can limit your production.

In our second episode of ‘Mining in 10’, a 5-part webinar series where we explore top mining risks and pathways to building resilience, Raul Munoz, Mining and Minerals Leader for North America, chats with subject matter expert Mark Tanaka, national machinery and equipment leader.

Together they give context to the implications of poor equipment maintenance and dysfunctional mining assets, and discuss how to protect your operations and your equipment from future vulnerabilities.

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Key takeaways

Losses from equipment maintenance are preventable

For modern mining organizations, equipment failure is inevitable. A regular maintenance check and additional inventory of critical parts can be minimize losses.

A rigorous maintenance regime is essential for long-term viability

To maximize equipment longevity, mining companies should incorporate advanced maintenance strategies into their operational business continuity plans, including preventative, predictive, and proactive maintenance.

Consistency is key

Conduct inspections regularly, train employees to see the signs, and properly manage critical spare parts.

RESILIENCE: THE NEW CURRENCY OF MINING LEADERSHIP

Access strategies to secure a stronger, more sustainable future for your organization.

About our speakers

Raul Munoz

North American Mining & Metals Leader

  • Canada

Raul Munoz leads Marsh’s Mining & Natural Resources practice across the United States and Canada, overseeing strategy, client engagement, and industry development for one of the firm’s most important global sectors. He advises mining companies, project developers, investors, and lenders on managing risk throughout the mining lifecycle, from exploration and project development to construction, operations, and closure.

Mark Tanaka

SVP - National Machinery & Equipment Leader at Marsh Advisory

  • Canada

Based in Marsh’s Vancouver office, Mark is Marsh Advisory’s National Machinery and Equipment Leader, managing a group of specialized consultants in addition to providing risk analysis, property and machinery loss control services to Marsh’s Global portfolio. Mark’s specialties and experience include Pulp and Paper, Mining, Molten metals, Power generation, Manufacturing, Industrial control systems and various other industries.

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