Resources
How Wishful Thinking causes 400k$ Shutdown Overruns
Wishful thinking in investments There are many indicators for investment feasibility: IRR, NPV, free cashflow, etc. These are all taken into account when making decisions. Sometimes the need for investment is greater than the financial implications are. If the need...
Managing LOTO
When entering the shutdown, one of the first things is to lock- and tag out the equipment where the activities are about to happen. Companies have used endless amounts of hours to create LOTO procedures that ensure the safety of the people working with the equipment....
Why do shutdowns have a significant impact on financial results?
Such a great impact that most of the mining companies will announce oncoming big shutdowns on their quarterly report presentations. Why is that, all we do is little bit more component change outs than normally, how come it can affect EBITDA and NPAT so greatly then?