Unplanned downtime costs $103k, $125k per hour: ABB

A new survey from ABB has revealed the close tie between uptime and reliability, confirming its findings that unplanned downtime can cost some industrial sites $103,000 per hour in the U.S. and $125,000 globally. According to the new “Value of Reliability” survey, 69% of industrial businesses experience unplanned outages at least once a month, a number found both in the…

Read More

Dundee ops unaffected by Russian suspension of nat gas

International gold miner Dundee Precious Metals has confirmed that it has a secure power supply to its Bulgarian operations despite Russia’s suspension of natural gas deliveries to the country. Officials for the Canadian-headquartered company said that operations at its Chelopech and Ada Tepe mines have been unaffected by the stoppage, and it also does not anticipate any impact on its…

Read More