Asset Management

Term from Mining industry explained for recruiters

Asset Management in mining refers to taking care of all equipment, vehicles, and facilities that a mining company owns and uses. It's like being a caretaker for expensive mining machinery to make sure everything runs smoothly, safely, and cost-effectively. This includes planning maintenance schedules, tracking repairs, monitoring equipment health, and making smart decisions about when to fix or replace equipment. Think of it as similar to maintaining a fleet of cars, but on a much larger scale with specialized mining equipment like haul trucks, excavators, and processing plants.

Examples in Resumes

Implemented Asset Management system that reduced equipment downtime by 30%

Led Asset Management team responsible for maintaining fleet of 50 mining vehicles

Developed preventive maintenance schedules through Asset Management strategies

Optimized Asset Management processes using SAP system

Typical job title: "Asset Managers"

Also try searching for:

Asset Management Specialist Maintenance Planner Equipment Manager Reliability Engineer Plant Manager Maintenance Coordinator Asset Reliability Manager

Example Interview Questions

Senior Level Questions

Q: How would you develop a comprehensive asset management strategy for a large mining operation?

Expected Answer: Look for answers that discuss creating long-term maintenance plans, budget management, risk assessment, and how they would coordinate with different departments. They should mention experience with setting up systems to track equipment performance and maintenance schedules.

Q: Tell me about a time you had to make a difficult decision about replacing versus repairing major mining equipment.

Expected Answer: The candidate should explain their analysis process, including cost comparisons, operational impact, and safety considerations. They should demonstrate experience in making significant financial decisions.

Mid Level Questions

Q: How do you prioritize maintenance tasks when multiple pieces of equipment need attention?

Expected Answer: Look for understanding of production impact, safety requirements, and cost implications. They should explain how they balance urgent repairs with preventive maintenance.

Q: What systems have you used to track equipment maintenance and performance?

Expected Answer: Should mention experience with common maintenance management software, describe how they use data to make decisions, and explain how they maintain accurate equipment records.

Junior Level Questions

Q: What's your understanding of preventive maintenance?

Expected Answer: Should explain basic concepts of regular equipment checks and scheduled maintenance to prevent breakdowns, similar to regular car maintenance but for mining equipment.

Q: How do you document equipment maintenance activities?

Expected Answer: Should describe basic record-keeping practices, understanding of maintenance logs, and familiarity with basic maintenance tracking systems.

Experience Level Indicators

Junior (0-2 years)

  • Basic equipment inspection
  • Maintenance scheduling
  • Record keeping
  • Safety procedures

Mid (2-5 years)

  • Maintenance planning
  • Budget management
  • Team coordination
  • Performance tracking

Senior (5+ years)

  • Strategic planning
  • Resource optimization
  • Risk management
  • Team leadership

Red Flags to Watch For

  • No knowledge of safety regulations in mining
  • Lack of experience with maintenance planning software
  • Poor understanding of equipment lifecycle costs
  • No experience with mining equipment or heavy machinery