December 2016: The Asset Management Working Group was reestablished at a kick-off forum at the 2016 MINExpo on September 28. At the forum it was decided that a suite of best practices guidelines will be developed within the context of an open pit mine. A white paper is currently in development for publication, which will outline the value and objectives of the group. A steering committee for the working group is now being formed. An action plan will be developed in the group’s next meeting, which is yet to be announced.

Previous update: The Asset Management Working Group (AMWG) is an operator focused group whose purpose is to provide a network and forum for reliability professionals in mining to exchange knowledge and share reliability best practices in a mining context, resulting in improved asset reliability, productivity, safety and lower operating costs.

As part of its initial objectives, the AMWG is looking to develop common maintenance and reliability terminology, definitions, and KPIs, enabling the development and comparisons of common practices and the benchmarking of results.

To support this objective, any operations that wish to participate in the initial work of the AMWG are encouraged to contribute their maintenance and reliability KPIs and definitions. These results will be anonymously aggregated and a set of consensus definitions will be developed through a series of workshops and on-line interactions.

The primary mechanism of interaction will be Regional Round Table Discussions and Best Practice workshops to facilitate face-to-face networking and discussion, supported by on-line collaboration and knowledge sharing, and WebEx-based meetings.

The AMWG philosophy is to collaborate with related organizations and to leverage their experience and knowledge in applying a range of existing standards and best practices to a mining environment. It aims to identify the common elements of successful reliability programs, including the processes, tools, and technologies that enable the achievement of reliability objectives. The development of leading and lagging indicators will also allow for comparison to industry standards and best practices