Every machine with moving parts has to contend with friction and wear. It’s no surprise, then, that heavy-duty mining equipment – which undertakes the most demanding tasks (breaking, crushing, and milling rocks), in some of the harshest environments, up to 365 days a year – are likely to experience considerably more wear and tear than most.
The difference is the cost of repairing or replacing these immense machines is huge. More than that, the financial loss associated with unplanned downtime – that is, when operations unexpectedly stop because of maintenance or mechanical failure – can be catastrophic. According to Senseye, around 23 hours per month of mining production is lost to machine failures, costing around $187,500 per hour. If not repaired properly and quickly, this can equate to millions – if not billions – annually.
In such a competitive industry, unplanned downtime is something operators desperately need to avoid. The key to achieving this is by prioritizing improving machine uptime: the duration equipment can work when it matters, for the longest lifespan possible.