For mining industry in North America only, the potential savings could reach up to US$29 million from the impact of using the correct lubricant for machinery.
A recent industrial research found that 96% of mining companies experiencing unplanned equipment shutdowns in the last 3 years. with half of the acknowledging this due the incorrect management & selection of their lubricants. This is having a direct financial impact, at a time when cost competitiveness is a priority for mining companies.
Renée Power, the Shell Global Sector Manager for Mining, said; “40percent of the companies we surveyed estimated that they had incurred costs of at […]