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In one of the most challenging economic environments for 50 years, mining companies around the world are reviewing their cost structures and looking for innovative ways to reduce expenditure and optimize their existing assets and systems. In the last 10 years, great improvements and efficiencies have been introduced to the way maintenance of equipment is performed on mine sites. This has been helped in part by the introduction of computerized maintenance management systems that manage maintenance work through transactional work orders. However, while this has helped the planning and scheduling of work, streamlined administration and provided some basic analysis of the maintenance operations, these systems offer only limited equipment management functionality. Their focus is on the maintenance transaction rather than the maintenance strategy.
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