An Understanding of Fuel Consumption in the Mining Industry
Fuel consumption is the primary operational cost for most mining fleets. Even the smallest of fuel adjustments can result in massive savings. For example, even if your fleet saves merely one-liter diesel per hour per truck, you will save 16,800 liters in a week for a fleet of hundred mining trucks! That is 67,200 liters a month for a small mining fleet.
In this section, we’ve explained some fuel-related factors affecting the mining industry.
Massive Fuel Consumption
8,400 liters of diesel! That is how much fuel one mining truck consumes in a day. And a mining fleet consists of several of them along with other equipment that needs fuel on run.
While vehicle acquisition is expensive, it is at least an investment. Fuel consumption, however, is a one-time yet continuous expenditure that affects the fleet economy. Using the right kind of engines and fuel-saving techniques is the way to go here!
On one hand, mining trucks partake too much. Secondly, they do it all the time.
A mining fleet runs every hour of the day throughout the week. Mining is a continuous process and hence, the fleet can never rest. Even though they work in shifts, there are always a minimum number of vehicles at work on a mining site.
With the kind of fuel consumption each equipment and vehicle has, the constant running only makes consumption heftier.
If there is one thing more extensive than the rate of fuel consumption in a mining fleet, it is the fuel storage! Imagine the amount of fuel that needs to be stored on a mining site at all times. And this is a huge problem for four reasons:
Fuel is highly flammable. Hence, you cannot risk storing extra on a mining site where chances of mishandling are high.
Running out of fuel means sucking the lifeblood out of operations. Lack of fuel will be even more costly than buying the required fuel.
Mining sites are always in remote areas. Therefore, any shortage is hard to mitigate in an emergency.
Mines are generally run by two managers working on different shifts. Without proper supervision and documentation, the threat of fuel running out due to mismanagement is pretty strong.
Low Margin Competitiveness
Other than the massive fuel consumption, a mining truck can incur a minimum expense of $40,000-$50,000 for a single tire change. Therefore, the mining business is extremely competitive when it comes to operating costs.
Fleet managers generally have to do whatever they may to reduce those costs to attain profitability. However, the biggest expense, i.e. fuel cannot be dramatically cut down.
How GPS Tracking Software Saves Fuel
Fluctuating prices of resources and mined products make using GPS tracking software a mandate. They help optimize operational costs and efficiency. GPS tracking software for a mining fleet needs some specialized tools and features to make ruggedized hardware’s functioning seamless.
Fuel Consumption Reports
The best use of fleet management software in the mining industry is analyzing and appropriately using the fuel consumption reports. These reports keep a complete account of when and how fuel was used by your vehicles.
Good software such as TrackoBit represents this fuel consumption data in digestible visual representation.
Here are a few benefits that come with fuel consumption reports:
You get data and statistical information about when your site will need another fuel refill. This is because you will have complete information on how much fuel your entire fleet is consuming.
When you employ fuel-saving techniques, you get to check in real-time if any step is making progress in reducing fuel consumption.
You can generate a much more accurate budget concerning the amount of fuel your fleet consumes. No more do you have to rely on guesswork!
If your vehicle’s engine is not in good shape, it is bound to consume more fuel. Therefore, you always need to make sure that your vehicles’ engines are at their optimum performance capacity.
With the right hardware integration, your fleet management software will look into the nitty-gritty of how your vehicle is performing. Therefore, you get to maintain and work your trucks most efficiently if the diagnostics reports suggest otherwise.
This is the best way for you get to save unnecessary fuel consumption in your fleet.
Everything that goes on in your fleet is neatly documented in your fleet management software. From engines’ activity hours, efficiency, and productivity to fuel capacity, consumption, and employee records.
When everything is documented neatly in the software, the chances to miss out on timely fuel acquisition and other important operations fall drastically. Moreover, the more data you have in your software, the better the reports it will generate, helping you with further fleet management.
What Else Will GPS Tracking Software Do?
Fuel consumption is a pressing topic in mining fleet management. However, there is so much more than fleet management software that will help your mining fleet with:
Multiple Site Tracking: Software will connect all your vehicles and employees in a way that handling multiple sites will be easy. You can relocate and monitor equipment anywhere, any time without hassles.
Avoiding Engine Fatigue: Software can monitor engine hours and can also check for signs of fatigue in the engine. Always keep your fleet in good shape by strategically using this information.
Prioritizing Assets: With real-time vehicle tracking systems, your vehicles and employees will always be safe. Features such as SOS alarms help increase safety in your fleet.
Defining Emergencies: TrackoBit can send about 50 custom alerts from idling to geofence entry/exit. You can choose the situations you will deem as emergencies and you’ll get notifications accordingly.
Leave Your Competition in the Pit!
Yes, massively reducing fuel consumption in a fleet might not be possible. However, by taking some fuel-conscious steps, you might be able to reduce wastage in your fleet.
With fuel prices in constant flux, managers need to be careful of their fleet’s fuel requirements at all times. So, what are you waiting for? Use TrackoBit, India’s fastest-growing telematics software to increase efficiency and productivity in your miningfleet. You will certainly not be disappointed with our white-label fleet management software.
Ayushi Nagalia is a Senior Content Specialist at TrackoBit. She is passionate about music, writing, and reading. When not abusing her keyboard, you will find her lost in her playlists or organizing things.