9/23/08 - Dingo CBAM success at Newmont Mining topic at MINExpo 2008

On Sept. 23, Dingo’s highly touted Condition-Based Asset Management (CBAM) system will be the focus of a presentation at MINExpo 2008 in Las Vegas, Nevada. The session, hosted by the Australian Trade Commission, will be led by Jason Hill, maintenance superintendent for Newmont Mining Corporation’s Gold Quarry, a key Dingo customer. The event will be held at Harrah’s Las Vegas Hotel.

CBAM technology, which offers mining companies online machinery maintenance and replacement practices, is now used by six of the top 10 mining companies in the world. CBAM systems are recognized for helping customers avoid unbudgeted expense in service failures, extending the useful life of customers’ assets and helping customers to avoid catastrophic in-service failures that risk life, limb or the environment.

“Our customers are pleased with CBAM’s ROI,” said Paul Higgins, Dingo president. “Within the first 12 months of working with us, our customers report tangible results, including a savings of 6 percent of the value of their assets through breakdown avoidance and an average savings of $1.6 million in maintenance costs. They also report earning a 3:1 return on investment in less than 24 months.”

Newmont Mining Corporation, one of Dingo’s satisfied customers, has recognized such benefits. Bryon Hammond, general foreman for Newmont West in Nevada, said, “The CBAM program brings a systematic approach to addressing issues. It’s driving us to be proactive. Tracking of successes and missed opportunities through financial results is really good. And the cost savings measurement opens the eyes of planners to the economic impact of what they do.”

“Since we started our company in 1991,” Higgins added, “Dingo’s turnkey CBAM systems not only have avoided unscheduled downtimes for our customers, but also have reduced carbon usage through improved lubricant and fuel consumption. With today’s goal of reducing our carbon footprint, we’re proud that CBAM contributes to saving our environment while it drives financial results for our customers.”