A suitable framework for sustainable development will be created through the interaction of these principles with activities carried out in different stages of mining life cycle and their implementation in the mining projects can be economically profitable, environmentally clean, and socially responsible.
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Surface mining, which includes strip mining, open-pit mining, and mountaintop removal, removes soil and rock from on top of the mineral deposit. It may begin as soon as the pre-development steps are complete. Underground mining uses shafts and tunnels to access deeply-buried mineral deposits, while the overlying rock is left in place.
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Life‐cycle Cost Policy when Equipment Maintenance Is Imperfect - Author: Festus O. Olorunniwo Maintenance‐related costs contribute significantly to equipment life‐cycle costs. In practice, maintenance works are not perfect in the sense that they cannot restore the equipment to a "good‐as‐new" condition.
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Mining equipment is subjected to continuous degradation throughout its operation life, and most of the replacement models study the life cycle cost (LCC) [24,30]. This research shows that the OMEE method could be an important tool for replacement decisions, analyzing the trend over time of the mechanical and technical availability …
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Stakeholder inclusion demonstrates the company's commitment to transparency, accountability and integrity. This proactive community relationship based on mutual understanding and input lays a critical foundation for responsible mining. 4. Production. Two of the most common methods of mining are surface and underground …
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Thus, the earth moving equipment life cycle cost is expressed by: LCCe = VAC + TC + IOC + IC + FC + MCC (1) + RC + GOC + TC + DTC + SCC Where: LCCe is the earth moving equipment life cycle cost. VAC is …
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Increase the accuracy and reliability of your mining cost estimates while reducing the amount of time you invest in them with SHERPA. From financial evaluation of your project all the way through to reclamation, SHERPA has the data you need, combined with the models and algorithms required to calculate the costs at every stage of the life cycle of …
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1. Introduction. Life Cycle Assessment (LCA) from its definition has a limited scope as a supporting tool for decision-making toward sustainability, given its strict focus on the estimation of the potential environmental effects (and not even all the environmental aspects) associated with the functionality of a product, process or service …
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Hussan Saed Hamodi Al-Chalabi Reliability and Life Cycle Cost Modelling of Mining Dr illing Rigs ISSN: 1402-1544 ISBN 978-91-7583-XXX-X Se i listan och fyll i siffr or där kr yssen är ...
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• On-site transport of stone using heavy equipment. • Transport of scrap stone to on-site storage • Onsite generation of energy and compressed air • Capture and treatment of wastewater • Upstream production of energy and fuels Equipment and ancillary materials (e.g. drill bits, maintenance items) are listed in Tables 5 and 6 but have
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The life cycle cost of equipment is determined by summing up all the potential costs associated with the equipment over its lifetime (i.e. the acquisition costs and the total cost of ownership). It is known that the value of expenditure today costs more than the same expenditure next year because of the decreasing money value concept in …
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Large mining operations need equipment that consistently performs as expected. The most effective way of ensuring this is to have a defined life cycle with an …
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This course provides participants with a solid foundation in the application of life cycle costing (LCC) methods to mining plant and equipment. It focuses on teaching participants how to use LCC principals to solve real world problems and to assess investments using reliability financial modelling and sensitivity analysis.
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any mining organisation. These costs are not consistent . year on year and understanding where an asset is in its life cycle is important as this has a large impact on its cost. AMT's Proactive Economic Life Optimisation solution forecasts the aggregated value in components for each price of equipment to get a life cycle view on: •uture ...
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One of the significant components of production costs are the purchase and operating costs of machinery and equipment; according to Coromant, they can account for approx. 30% of manufacturing costs. In the mining industry, the share of purchase and operation costs of machinery and equipment in the mining cost is certainly even …
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This paper presents how a Life cycle cost or Total cost of ownership analysis has been performed on machining equipment in a Swedish company. Life cycle cost models used in case studies are ...
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What we provide for these customers is SKF's knowledge of their industry and the application of this knowledge to improve their productivity and increase the asset life cycle of their equipment," One of the contracts is a four-year lubrication service contract worth SEK 55 million in Peru, where SKF will supply lubrication tools to one of ...
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Mining companies need to integrate environmental and social impact assessments into mining projects. These assessments are the process of determining, analysing and evaluating the potential environmental and social impacts of a mining project, and designing appropriate implementation and management plans for the mining life cycle. …
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Some of the topics covered include reasons for mining equipment costing, methods for making mining equipment investment decisions, cost estimation models for mining …
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The Life Cycle Cost (LCC) is a concept for analyzing the most effective costs in a heavy equipment over a certain period of time (Life Cycle), from consideration for the purchase price, financing, operational costs in particular the fuel, repair and maintenance, operator(s), and up to resale value of a heavy equipment.
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Large mining operations need consistently performing equipment and the best way to achieve this is a defined life cycle with an optimised maintenance strategy.
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Understand effective techniques and philosophies to manage equipment. Learn how to create and apply life cycle costing models. Understand and practically apply reliability …
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Mining companies need to integrate environmental and social impact assessments into mining projects. These assessments are the process of determining, analysing and evaluating the potential environmental and social impacts of a mining project, and designing appropriate implementation and management plans for the mining life cycle. …
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Learn how to optimize the productivity, cost and profitability of mining equipment through asset lifecycle management. The article covers the stages, strategies and tools for planning, purchasing, deploying, operating and disposing of mining assets.
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We know there's a lot that goes into managing your equipment. That's why we offer mining services, support and solutions that make things simple -- every step of the way. Extend the life of your equipment and stay …
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This course provides participants with a solid foundation in the application of life cycle costing (LCC) methods to mining plant and equipment. It focuses on teaching participants how to use LCC principals to solve real world problems and to assess investments using reliability financial modelling and sensitivity analysis.
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Life Cycle Assessment for Sustainable Mining addresses sustainable mining issues based on life cycle assessment, providing a thorough guide to implementing LCAs using sustainability metrics. The book details current research on LCA methodologies related to mining, their outcomes, and how to relate sustainable mining concepts in a circular …
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Therefore, to maximize on profits a piece of equipment should be planned to be replaced before it reaches the economic life. 1.3.4. Life-cycle cost analysis. The equipment life-cycle cost analysis consists of equipment replacement analysis and models, life-cycle costs and equipment decision procedures.
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In the heart of a bustling mining operation, where the rumble of heavy machinery echoes against rugged mountains, lies a pivotal challenge: managing the life cycle of mobile equipment. For mining ...
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Large mining operations need equipment that consistently performs as expected. The most effective way of ensuring this is to have a defined life cycle with an optimised maintenance strategy. The determination of this life cycle is an economic decision, influenced by the construction and utilisation of the equipment. An effective …
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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 …
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Today's chart of the Lassonde Curve outlines the life of mining companies from exploration to production, and highlights the work and market value associated with each stage. ... The Stages of a Mineral Discovery. In the life cycle of a mineral deposit, there are seven stages that each offer specific risks and rewards. As a company proves ...
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A Cradle-to-Gate Life Cycle Analysis of Bitcoin Mining Equipment Using Sphera LCA and ecoinvent Databases Ludmila Courtillat--Piazzaa,b,∗, Thibault Pirson b, Louis Golardb, David Bol aENS Rennes, Universite de Rennes, France,´ bICTEAM, Universite catholique de Louvain, Belgium´ ∗Corresponding author at: Bˆatiment Maxwell a.193, Place du …
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This study describes the life cycle cost (LCC) analysis and environmental valuation for several coal mine tailings management scenarios. The economic feasibility …
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