Developing Asset Strategies and a Zero Based Budget for an Iron Ore Crushing Plant

CIM Montreal 2007
Jason James Ballentine,
Abstract The recent purchase of the on-site contract crushing plant and equipment by an Australian Iron Ore miner presented an opportunity to develop asset strategies and a zero based budget directly aligned to the business goals. This however was not a simple task due to poor historical records and a general lack of information. These challenges were overcome and the benefits of a documented maintenance strategy, a justifiable zero based budget and employee engagement were realized. This paper explores how the lack of information was overcome and how the stated benefits were obtained.
Keywords: budget, Iron Ore, Asset, Maintenance, Data, Crushing, Strategy
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