Creating value in the mining industry comes down to three factors –market conditions, geological quality, and the performance of physical assets. As is the case with most commodities, management has little control over the market. We trust that the geology is good, otherwise, we wouldn’t be mining the area. The performance of the physical assets is the one dimension over which management wields a great deal of control.

Asset management is often viewed as synonymous with maintenance – generally considered a cost centre. In this Masterclass, we intend to change your perspective. Managing the performance of the assets must be viewed through a different lens – as a value centre.

We begin with an overview of the four primary value and loss/risk drivers:

• How upper quartile asset management practices drive EBIT/EBITDA.
• The potentially disastrous effects of asset management gone awry.
• How asset management increases safety performance.
• Asset management and your energy and carbon footprint.

We’ll conduct an interactive workshop to address how asset management drives EBIT/EBITDA, a lean balance sheet, and ultimately, RONA/ROCE – the true value of a company. Then we’ll set our sights more strategically and discuss how asset management can differentiate you in the market and create a competitive advantage.

Decarbonisation is a once-in-a-lifetime challenge for all our companies, requiring a complete overhaul of production processes, investment in new technologies, and a shift in equipment maintenance and reliability strategies and tactics.

In this keynote panel discussion, we look at decarbonisation through the lens of different stakeholders – senior asset management leaders, regulators and technology providers, discussing the importance of collaboration to drive meaningful emission reductions.

In a MAINSTREAM first, the Clean Energy Regulator (CER) will outline their role and explain the impact of the Safeguard Mechanism and the Australian Carbon Exchange. Thereafter we tackle key principles like risk, skills, and communication. The session encourages interaction and is designed for you to discover how you and your team can support and positively influence these initiatives in your company.

• Leveraging site strengths on the decarbonisation journey
• Balancing operations, performance, maintenance costs, risk, and emissions
• Educating and empowering teams to make an impact
• Real-world examples of achieving reduction targets and future improvements
• Communicating the decarbonisation transition to the frontline workforce
• Working with regulators and proactively adapting to stay compliant
• Addressing the risks associated with stranded assets
• Managing capacity and resources as we all decarbonise together

Execution is where the rubber meets the road as we strive to improve the performance of our physical assets. The transition from reactive to proactive and precision maintenance is crucial for enhancing equipment reliability and performance.

This session explores Proactive and Precision Maintenance, emphasizing Fasteners, Lubrication, Alignment, and Balance (FLAB). By focusing on these key areas, you can reduce downtime, extend machinery life, ensure operational efficiency, and improve the safety and sustainability of physical assets.

• The Business Case for Proactive and Precision Maintenance
• Fasteners - proper techniques for threaded and welded fasteners, belt tensioning, and Leak Detection and Repair (LDAR).
• Lubrication - lubricant selection, application methods, and contamination and condition control.
• Alignment - mechanical alignment techniques and managing electrical power quality and harmonics.
• Balance - dynamic and static mechanical balancing of machinery and phase-to-phase electrical balance.
• Inspections and Condition Monitoring – the feedback loop to ensure that all FLAB management practices are under control and achieve set targets.
• Executing Proactive and Precision Maintenance

These are first principles for managing the reliability of physical assets. Failure to get these basics places all other investments to improve asset performance at risk.

In today's globalised world, workplace diversity is essential for organisations to remain competitive and thrive. A diverse workforce can bring fresh perspectives, innovative ideas, and a range of skills and experiences that can help organisations stay agile and adaptable in the face of change. However, simply having a diverse workforce is not enough. To fully leverage the benefits of diversity, organisations must also foster a culture of inclusion, where every employee feels valued, respected, and supported. In this panel, we will explore the challenges and opportunities people leaders are facing when building a culture of belonging in the workplace, with a focus on diversity, equity, and inclusion.

Our panellists will share their experiences and insights on:

• Best practices for creating an inclusive workplace.
• Strategies for recruiting, hiring, and retaining a diverse workforce.
• Promoting equity and fairness in the workplace.
• Creating an inclusive culture where everyone feels empowered to contribute their best.

Our panellists will also discuss how organisations must can DEI initiatives, and the importance of engaging employees at all levels in creating a more inclusive workplace. We will explore how organisations can measure the impact of their DEI efforts, and the benefits of creating a more diverse, equitable, and inclusive workplace for employees, customers, and the broader community.