How Software solutions can help mining
For any mining operation, downtime is expensive. For example, if a critical power source unexpectedly stops your processes; unplanned downtime ensues, resulting in lost production revenue – revenue many mining businesses cannot afford to lose.
Other examples include hydraulic power and belt drive failures, which have been calculated to cause up to 47 per cent of downtime in mining operations. With each failure resulting in $3000
per hour of lost production and an average of 60 hours of downtime per incident, companies’ losses can easily add up to $180,000 in lost production1