Pinnacle Releases Global Economics of Reliability Report for the Mining Industry
PASADENA, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- Pinnacle, the largest reliability analytics company in the world, released its third Global Economics of Reliability Report today. The report, a follow up to Pinnacle’s Economics of Reliability Reports for the global refining and US water and wastewater treatment industries, examines the impact of reliability on metal and fertilizer miners.
- PASADENA, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- Pinnacle, the largest reliability analytics company in the world, released its third Global Economics of Reliability Report today.
- The report, a follow up to Pinnacles Economics of Reliability Reports for the global refining and US water and wastewater treatment industries, examines the impact of reliability on metal and fertilizer miners.
- We found that miners spend about $55 billion on reliability initiatives, about 10% more than is spent by petroleum refiners, said Jeff Krimmel, Chief Strategy Officer at Pinnacle.
- Leveraging multi-dimensional, system-wide analytical tools such as Quantitative Reliability Optimization (QRO) will help ensure miners focus their reliability spending and recognize the greatest return on their reliability investments.