2023 Asset Management Achievement Award

The Asset Management Achievement Award is a team award presented to a team that can articulate what success looks like in their organization, and has made substantial steps towards that vision through the advancement of Asset Management practices.. This year the proud recipient was the Asset Management team supporting the Nunavut division of Agnico Eagle Mining Limited which operates remote sites near Baker Lake & Rankin Inlet out of the Quebec (Office Val-d’Or). This team articulated Asset Management as "translating organizational objectives into technical and financial decisions, plans, and activities" and made progress through: 1) carrying out an asset inventory and condition assessment 2) taking a full life-cycle approach to capital investment that a) integrated improved renewal / replace decision-making for cost avoidance when possible, b) built design-for-reliability rigour into new capital projects to minimize life-cycle costs and, c) improved hand-over of capital projects to operations through an operational readiness process. On hand to accept the award were team members, Rick Derkach and Jean-Michel Flamand.