In an asset-intensive industry like mining, equipment availability plays an integral role in meeting daily production targets and improving mine profitability. Amidst challenging economic times, mining companies must take all efforts to ensure production continuity, and prevent unplanned downtime due to equipment failure, an event that can have grave implications on the bottom line. Equipment breakdowns also pose a serious threat to the safety of mining personnel. Miners are required to ensure their equipment and worksites are compliant with MSHA regulations, failing which, they are subject to monetary penalties. In this backdrop, an optimized equipment maintenance system in mining is cardinal to ensure safe and profitable operations.