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Life Cycle Cost Estimating for Surface Mining Equipment

HME Benchmark

Benchmarking for Surface Mine Heavy Equipment


Heavy Mobile Equipment Benchmark for Surface Mines (HME Benchmark)

HME Benchmark allows users to select a machine and define its operating circumstances, generating a contextual estimate that details periodic maintenance costs, manpower requirements and machine availability for the term of the estimate. Annual and monthly estimates can be created, and they are based on underlying data collected from over 1,000 machines that have logged over 25 million operating hours in large open pit mines on four continents.

HME Benchmark advantages:

  • •  Estimate how a machine will perform in a different setting, for example in a remote location with an inexperienced workforce;
  • •  Compare a MARC bid or contract performance with an international benchmark;
  • •  Assess costs, availability and maintenance manpower requirements for different models of equipment;
  • •  Create unit-specific budgets for an existing fleet;
  • •  The database is updated every 90 days with inflation-adjusted data and new machine models.

Use the "Full screen" mode for better experience.


Use the "Full screen" mode for better experience.

The simple user interface applies parameter-driven algorithms to a sophisticated quantitative model that contains generic maintenance plans for common mining equipment. Variables include material, location, workforce experience, climate and road conditions, and estimates can be created for any age machine. The database includes all common classes of Haul Trucks, Shovels, Dozers, Graders and Wheel Loaders.

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Contact CostMine

+ 1 509 328 8023

Spokane, WA, United States

Order HME Benchmark Today

One year single user subscription - $1,200

About Heavy Mobile Equipment Benchmarking

HME Benchmark began when Michael Currie realized that the program he developed in his consulting practice would be perfect for fleet and equipment managers to use in their operations. Michael Currie is a recognized leader in applying life cycle cost (LCC) analysis to mobile equipment, and provides products and services based on LCC principles to clients operating around the world.

With over 25 years of experience that includes senior roles with PricewaterhouseCoopers’ global mining group and Finning, a major Caterpillar dealer, he brings credible industry knowledge to engagements that focus on optimizing operations and solving problems.

Specialties:

  • •  Improving fleet management practices and performance
  • •  Delivering life cycle costing methods that support lasting financial discipline and maintenance excellence
  • •  Evaluating business cases for equipment investments and product support strategies
  • •  Improving supplier relationships through MARC contract audits and capability assessments
  • •  Creating and transferring knowledge through management workshops

Clients include leading mines, mining equipment manufacturers and suppliers, as well as fleet operators in other industries that require robust equipment budgets, resource estimates and maintenance strategy evaluations.

Michael Currie offers his consulting services at $300/hour rate.

He is an auther of the online course: Mobile Equipment Life Cycle Costing

Contact Michael Currie

+1 250 317 0626