The current emphasis within the mining industry to reduce the cost of production has stimulated interest in the field of maintenance and operational reliability of capital intensive mining equipuent. The failure consequences of these machines have major safety and economic implications for a mine operator. The reliability centered maintenance (RCM) approach has been found cost effective for equipment maintenance and for achieving high level system perform- ance by many organizations such as airline, military, chemical, process and manufac- turing industries. In this paper an attempt has been made to describe in brief the basic concepts of a RCM approach, the methods of RCM analysis and its cost effectiveness for maintenance of equipment. Since this approach is comparatively new for the mining industry, suitable examples are given to illustrate the case.