Standard reliability and maintainability measures as means to improve equipment performance assessment

With regards to the cost and profitability of a mining operation, the performance of the equipment employed is one of the key issues. Cost and profitability depend on, among other factors, the reliability and availability of the equipment. In an attempt to reduce equipment downtime, it is indispensable to collect and analyze reliable data and information on failures and maintenance actions. This paper reviews common problems encountered in this respect, with particular emphasis on the lack of uniform terminology and methodology. Recommendations concerning the standardiztion of reliability and maintainability concepts and measures are given. Regarding the benefits that the latter may bring, the paper concludes with a proposal for an industry-wide initiative in this respect.