Optimizing cutoff grades in life of mine planning presents opportunities for mining companies to enhance profitability, resource utilization, and sustainability. When considering the entire lifecycle of the mine, including closure and reclamation costs, determining cutoff grades is an important step, potentially extending the life of the mine …

From the world's largest hand-dug mine to strike action with fatal violence on both sides, South Africa's mining industry has been one of the country's most influential for over a hundred years. We look at the history of mining in South Africa.

This paper analysed and summarised the significant research outputs published on the environmental impact assessment of mining and mineral processing industries through life cycle assessment. The paper presents valuable insights in identifying the gaps, where should the focus be in the mining and mineral processing industries …

The global construction equipment market size was valued at USD 142.39 billion in 2022 and is projected to grow from USD 151.60 billion in 2023 to USD 237.66 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period of 2023-2030. Asia Pacific dominated the construction equipment market with a share of 41.45% in 2022.

The U.S. mining industry is a pillar of the economy, supporting over a million direct and indirect jobs and paying billions in taxes annually. Read more on the economic benefits of mining on National Mining Association's CEO Rich Nolan's latest blog.

McKinsey Metals & Mining published a 2015 paper that predicted a technology-enabled transformation of the mining industry. The paper identified some potentially game-changing innovations that we believed would revolutionize the way mines operate and deliver much-needed productivity gains. Stay current on your favorite topics.

The mining industry accounts for prospecting, planning and permitting the mine, extraction of raw minerals via surface mining and/or underground mining techniques, processing and mineral dressing, and the restoration or reclamation of the …

Did you know? The Ontario Mining Association ( OMA) provides regular, mining-focused, economic outlooks. The OMA's 2022 Critical Minerals report assesses each of Ontario's critical minerals in terms of economic and strategic importance, their usage in priority technologies and sectors and market opportunities for Ontario.

Innovation plays a critical role in the mining industry as a tool to improve the efficiency of its processes, to reduce costs, but also to meet the increasing social and environmental concerns among communities and authorities. Technological progress has also been crucial to allow the exploitation of new deposits in more complex scenarios: …

The equipment used in underground mining industries is subject to degradation throughout its operating life. This increases the operating and maintenance costs and …

The sustainable development of mining processes requires a deep knowledge of the effectiveness of mining equipment and is quite complex to analyze due to the intrinsic characteristics of the mining industry. In this regard, its measurement and control can lead to appropriate management, improving the mining processes' …

Economic life is the length of time an asset is expected to be useful to the owner. Assumptions when calculating economic life are that the asset will be operated at a normal level of usage and with preventative maintenance. Economic life can be reduced or ended by asset wear and damage, asset obsolescence, and changes in business operations.

Lifecycle management of mining equipment occurs in several stages and requires the input of experts from different departments. Technological advancements have continuously improved lifecycle asset management by providing tools that enhance cross-sectoral collaborations, visibility of mining ope…

When mining underground coal resources, different mining methods have different levels of environmental impacts. To identify the mining method with the least environmental impact, different mining methods were evaluated by means of a life cycle assessment using Simapro 9.0.0 software.

The following information was obtained from the records of Zondi Mining (registered VAT vendor) on the last day of the financial year, 31 March 2023: RLand and buildings at cost (opening balance)1 700 000Vehicles at cost (opening balance)840 000Equipment at cost (opening balance)400 000Accumulated depreciation: Vehicles (opening.

Economic life is the expected period of time during which an asset is useful to the average owner. The economic life of an asset could be different than its actual physical life. Estimating the ...

The life cycle of mining begins with exploration, continues through production, and ends with closure and postmining land use. New technologies can benefit the mining industry and consumers in all stages of this life cycle. This report does not include downstream processing, such as smelting of mineral concentrates or refining of metals. The …

As the Bitcoin mining industry continues to evolve, it is essential to examine the economic implications of this intricate dance between computational power, energy costs, and rewards.

The technology of coal mining has gone through continual evolutions and several revolutionary changes which transformed the methods, equipment, and productivity over the decades. In recent years, advances in technology focused more on the use of communication systems, automation, and data sciences for the health and safety of the …

Maintenance is an important element of mining equipment life cycle. The chapter presents various important aspects of mining equipment maintenance including maintenance-related facts and figures, factors contributing to equipment maintenance cost in mines, maintenance of explosion protected switchgear in mines, useful …

In December 2003 the Board issued a revised IAS 16 as part of its initial agenda of technical projects. The revised Standard also replaced the guidance in three Interpretations (SIC-6 Costs of Modifying Existing Software, SIC-14 Property, Plant and Equipment —Compensation for the Impairment or Loss of Items and SIC-23 Property, Plant and …

Thick and ultra-thick coal seams are main coal seams for high production rate and high efficiency in Chinese coal mines, which accounts for 44 % of the total minable coal reserve. A fully mechanized top-coal caving mining method is a main underground coal extraction method for ultra-thick coal seams. The coal extraction technologies for coal …

The purpose of this article is to develop a practical economic replacement decision model to identify the economic lifetime of a mining drilling machine.

The effectiveness of mining equipment is a huge challenge in mining which affects mining companies' competitive advantage in the global mining sector. It …

"With rebooted machines typically offering at least 90% of the life span of new equipment, the economic advantages to mine owners are clear – and we haven't …

mining, process of extracting useful minerals from the surface of the Earth, including the seas. A mineral, with a few exceptions, is an inorganic substance occurring in nature that has a definite chemical composition and distinctive physical properties or molecular structure. (One organic substance, coal, is often discussed as a mineral as well.)

The future for mining is, therefore, dependent from adhering to good mining practices in order to preserve the environment everywhere and also to take social responsibility in the development of the region and …

The economic benefit of mine decreases as well. Hence, the economic and reasonable combination of the output of mine and life of mine is determined collectively …

The future for mining is, therefore, dependent from adhering to good mining practices in order to preserve the environment everywhere and …

Before breaking down the several types of mining equipment and identifying which ones you'll need for your mining operation, it's vital to first look at the two main fields in the mining industry: underground mining and surface mining.