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Prometheus Group and SMEC partner up

World Coal,

Prometheus Group and SMEC have announced a global partnership, which combines Prometheus Group’s leading edge enterprise asset management software with SMEC’s best-in-class asset management consulting group. The partnership will initially focus on the mining industry and other asset intensive verticals.

Together, Prometheus Group and SMEC will indentify and develop process improvement needs across an enterprise platform, improve production and asset reliability while enabling enterprise wide roll-out of standardised process improvements for the mining sector throughout Australia and Asia.

With a large reserve of high-quality minerals, metals and hydrocarbons close to the surface of the earth, Australia’s mining sector is price competitive on a global scale, with exports expected to account for just over 67% of revenue in 2014 – 2015. It is no surprise that the sector is expected to grow by 4.7%/y to 2020, generating over US$234 billion in revenue each year.

However, capital expenditure investment by global mining companies has remained low since the global financial crisis. Global mining giants BHP Billiton, Vale and Rio Tinto implemented aggressive cuts to asset expenditure last year, and a number of major mining equipment manufacturers reported significantly reduced revenue or losses.

However, orders for maintenance services began to increase in late 2014, as emergency asset management demand increased from miners who has put off maintenance services for over a year. This trend is likely to continue as miners seek to extend the life of existing assets through maintenance, rather than investing in replacement equipment.

Given the need for these major asset management programs, when it comes to increase the life of equipment, and planning shutdowns and maintenance, real-time collaboration is a must. The Prometheus Group and SMEC partnership will provide not only the tools to improve asset performance, but also the critical processes to drive dramatic and sustainable improvement in asset care.

Prometheus Group General Manager of Sales for Europe, Middle East, Africa and Asia-Pacific, Dr Bernard Schwister, commented: “Our software has gained unprecedented acceptance in the marketplace because of its ease of use, rapid implementation, and intuitive nature. By offering an integrated solution with SMEC, our customers gain a distinctive competitive advantage through asset optimisation that is fully realised and effective”.

SMEC’s Chief Operating Officer for Asset Management in the Australian/Asia region, Thomas Hynes also believes this new partnership has much to offer the mining sector specifically: “When Prometheus Group software is combined with SMEC’s integrated asset management solutions, sustainable and ongoing long-term operational improvements can be achieved, positively impacting both productivity and earnings. Our dedicated asset management function delivers solutions that balance risk, performance and cost. We experience a demand for solutions that can unlock and extend the value derived from the investment in SAP that has been made by many asset intensive enterprises. This partnership enables us to offer Prometheus Group’s SAP expertise to drive value for customers together”.

From 23 February – 3 March 2015, Prometheus Group and SMEC will debut their partnership in a roadshow throughout Brisbane, Melbourne, Perth, and Kuala Lumpur. The roadshows will provide attendees the opportunity to discuss critical asset management issues including a follow up onsite visit by Prometheus Group and SMEC, at the attendee’s request.

Adapted from a press release by Emma McAleavey.

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