by Johannes Ikäheimonne | Apr 22, 2026 | Uncategorized
If it's not documented, it didn't happen. In mining operations, spare parts are often treated as a purely operational topic. In reality, their classification has a direct, and sometimes material impact on financial performance, reporting accuracy, and even valuation....
by Johannes Ikäheimonne | Apr 13, 2026 | Uncategorized
If it's not documented, it didn't happen. There’s a saying in maintenance: if it’s not documented, it didn’t happen. Most people nod when they hear it. Fewer truly understand what it means—until something goes wrong. Let me share a real example. One day, a flotation...
by Johannes Ikäheimonne | Mar 30, 2026 | Uncategorized
How Old habits Can Become Costly Liabilities One of a company’s main jobs—besides promoting social well-being—is to turn a profit. In the world of mining, the price of the concentrate you dig up is set by global markets. That means your mine can’t exactly haggle with...
by Johannes Ikäheimonne | Mar 11, 2026 | Uncategorized
The $400,000 Isolation Switch: Why "Wishful Thinking" is the Most Expensive Part of Your Shutdown Wishful thinking in investments There are many indicators for investment feasibility: IRR, NPV, free cashflow, etc. These are all taken into account when making ...
by Konsta Kalliokoski | Aug 9, 2023 | Uncategorized
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....
by Konsta Kalliokoski | Jan 30, 2023 | Uncategorized
Shutdown’s impact to companies revenue and profits in two ways; directly and indirectly. Direct costs are: Materials required Additional labor required conducting planned tasks Crane-, scaffolding-, special tools rentals and other services Mobilization and...
