Dingo CBAM Success at Newmont Mining Highlights Presentation at MINExpo 2008

Dingo’s Condition-Based Asset Management (CBAM) system was the focus of a presentation at MINExpo 2008 in Las Vegas, Nevada, last month. The presentation, hosted by the Australian Trade Commission, was led by Jason Hill, maintenance superintendent for Newmont Mining Corporation’s Gold Quarry, a key Dingo customer.


Newmont has been very pleased with the results of using CBAM.


Bryon Hammond, general foreman for Newmont West, reported, “The CBAM program gives us a systematic approach to addressing issues, driving us to be proactive. Now, 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.”


Six of the top 10 mining companies in the world now use Dingo’s CBAM technology. Dingo has shown that, within the first 12 months of working with a customer, it can show tangible results, including a savings of 3.5 percent of the value of customer’s assets through breakdown avoidance and an average savings of $1.6 million in maintenance costs. Customers also are reporting a 3:1 return on investment in less than 24 months.


“Since we started our company in 1991,” said Paul Higgins, Dingo president, “Dingo’s turn-key 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.”