This study aims to build up a maintenance priority methodology for system components with the help of existing literature on reliability allocation. The offered methodology was applied to two high-capacity earthmovers using actual datasets collected by operations in Tuncbilek Coal Mine, Turkey. Prioritization of maintenance for components was achieved by adapting their operational risk factors to a generic reliability allocation algorithm. In this sense, direct and indirect financial consequences of component failures were considered in estimation of risk severity factors where component reliabilities were assessed comprehensively with top-to-bottom evaluation to determine risk occurrence factors. This paper is the first initiative in component maintenance prioritization in the mining sector where machinery reliabilities have a vital importance in production. In addition, previous studies have generally used reliability allocation as weakness detection tool in design and development of their systems. In this basis, this paper utilizes reliability allocation in instantaneous measurement of component maintenance requirements during operation.