Asset Management Working Group


The Asset Management Working Group is an operator-focused group whose purpose is to provide a network and forum for reliability professionals in mining to exchange knowledge and share asset management, including reliability and maintenance, best practices.

The philosophy of the group is to share with related organizations and to leverage their experience and knowledge in applying a range of existing standards and best practices to a cost constrained mining environment. It is a collaborative model that aims to leverage practices and standards from other industry organizations through mutual participation.

The deliverables of the Asset Management Working Group will be a series of best practice guidelines relating to asset management in mining which will enable organizations to improve asset reliability and increase equipment run-time resulting in increased production and reduced operating costs. To drive this work, the group has created a generic best practice reliability model pyramid that incorporates foundational elements, effective execution, continuous improvement, and leading practices.


Collaborate with mining industry leaders and outside industries to leverage their experience and knowledge in developing and applying asset management best practices to a lean mining environment.

ISO TC251 and Mining

This subcommittee is a community of experts providing mining-specific industry input into the ISO 55000x suite of Asset Management Standards. This sub-committee will enable collaboration with other reliability and asset management organizations beyond the mining sector.

Participating Companies

3D-P, ABB, Aladon, AngloGold Ashanti, Barrick Gold, Boliden, Bureau Veritas, Canadian Natural Resources, Caterpillar, CheckMark Consulting, Colorado School of Mines, CSIRO, Dassault Systemes, Dexcent, Epiroc, Flow Partners, FM Global, Freeport-McMoRan, GE Mining, Global Inspections-NDT, Global IO, Hatch, Hexagon Mining, Honeywell, IBM, Indigo, InnoTech Alberta, JVA, Lakeside C ontrols, Life Cycle Engineering,MACE Consulting, Machine Sensory, Maptek, MCS Pro, Modular Mining Systems, Mosaic, MST Global, NACG, Newmont, OSIsoft, Peabody Energy, Prairie Machine & Parts, Pro Sygma, Proudfoot Consulting, Queen’s University, Riivos, Rio Tinto, Roche, Sandvik, Sherritt International, Sibanye-Stillwater, SSR Mining, Strategic Technologies, Suncor, Symbiotic Innovations, Syncrude, Teck, The Electrum Group, Total, Tronox, VectORE, Volvo, Wenco, Westmoreland Coal Company, XRT Consultants