Evolution Mining Deploys Aspen Technology Software to Mitigate Unplanned Downtime and Improve Plant Performance
Aspen Technology (NASDAQ:AZPN) announced that Evolution Mining, an Australian gold miner, has implemented Aspen Mtell software at its Mungari Gold Operations. This deployment aims to mitigate unplanned downtime and enhance productivity by utilizing predictive maintenance. The software analyzes operational data to foresee failures and suggest corrective actions. Greg Walker, General Manager of Mungari, noted that the technology would further boost productivity after their successful Data Enabled Business Improvement program. Aspen's focus on asset performance management aligns with Evolution's strategy for improved productivity and cost reduction.
- Evolution Mining has successfully implemented Aspen Mtell software, which may lead to increased productivity.
- The use of predictive maintenance can help prevent unplanned downtime and improve asset availability.
- None.
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that a leading Australian gold miner, Evolution Mining has deployed Aspen Mtell software at the company’s Mungari Gold Operations, Western Australia, to help mitigate unplanned downtime and provide information to support productivity improvements.
(Photo: Business Wire)
Greg Walker, Evolution Mining Mungari General Manager, said: “Evolution’s Data Enabled Business Improvement (DEBI) program has achieved excellent results in recent years. With this new technology Mungari Gold Operations can achieve further productivity improvements via increased asset availability.”
Evolution Mining performed a rigorous Offline approach to test the Aspen Mtell software on multiple pieces of equipment at two of its key assets (sites) prior to the decision to deploy Online (Live mode). The software mines historical and real-time operational and maintenance data to discover the precise failure signatures that precede asset degradation and breakdowns, predict future failures, and prescribe detailed actions to mitigate or solve problems via predictive and prescriptive maintenance.
Jeannette McGill, Vice President and General Manager, Metals and Mining, Aspen Technology, added: “Asset performance management helps customers stay ahead in the maintenance phase of the asset lifecycle. We are pleased that Evolution Mining has partnered with Aspen Technology by choosing to deploy Aspen Mtell, in support of the company’s strategy to lower costs by improving productivity.”
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About Aspen Technology
Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.
© 2021 Aspen Technology, Inc. AspenTech, the Aspen leaf logo, and Aspen Mtell are trademarks of Aspen Technology, Inc. All rights reserved.
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