Safe mining operations through technological …
The relevant digital technologies as identified by Barnewold and Lottermoser (2020) to be applicable to the mining industry are; internet of things (IoT), big data, …
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Minerals, Metals, and Mining | SpringerLink
9.1 Introduction. The mining industry plays a crucial role in modern societies, providing essential minerals and metals that are the foundation of various industries and technologies. Minerals and metals are used in a wide range of applications, including construction, manufacturing, energy production, transportation, and electronics.
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How to improve a business' profits or reduce costs
Profit and loss accounts - Eduqas How to improve a business' profits or reduce costs. It is important to understand the difference between gross and net profit. Knowing the gross profit margin ...
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Multi-objective decision-making methods for optimising …
A model for carmakers to maximise profit and minimise CO 2 tariffs is established. • A cost perspective is adopted to quantify and mitigate impact of CO 2 on car sales. • Carmaker options to deal with the costs associated with CO 2 are categorised. • The criteria considered by carmakers in decision-making are synthesised. •
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How to maximise profits and minimise loses in the stock …
Hence, the stock would have to fall by 25% to reach 90. Instead, Crea8 adopts a smarter order which would revise the cut loss limit or market order as the stock increases from 100 to 120. Then when the stock peaks and turn at 120, the cut loss limit or market order remains at 110. If the price hits 110, then the position is cleared.
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Reduce loss, maximize profits | ChartMill
The current closing price of $79.11 gives us an outstanding profit position of no less than $24.08 per share. Against our initial $3.05 risk, this gives a risk / profit ratio of no less than 1 to near 8. Otherwise, one such winner is enough to make up for 8 previous loss positions! More information about this swingpoint stop strategy can be ...
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8 strategies for reclaiming efficiency and lowering …
1. Strengthen mine planning. To improve sector productivity, companies can: Refocus on high quality production by increasing cut off grades. Reduce capital …
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Modified Vogel's Approximation Method for Finding …
Businesses are constantly looking for more effective methods to increase revenue and decrease costs in order to maximize profit. Transportation has been the major expenditure affecting the profit of companies. The cost of transportation whenever it increases causes profit to decrease. This paper focuses on solving the transportation …
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Cost reduction: Meaning, process, and techniques | Agicap
This is to ensure there is a clear demarcation and delineation of roles, and that everyone remains on top of the details to minimise any lapses. Put the programme into action: Finally, deploy the cost reduction programme by establishing a governance structure and control deadlines. Continuously monitor the progress and optimise the …
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Coping with sudden mine closure: The importance of …
Highlights. •. Sudden mine closure may lead mining regions to suffer unsustainable development. •. Mitigation strategies generate resilient communities. •. …
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Pit Optimization for Improved NPV and Life of Mine …
Long-term planning of open pit mine is a dynamic process and should be reviewed several times during the life of mine. Pit optimization starts with the assumption …
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methods employed by mining capital efforts to maximise …
methods employed by mining capital efforts to maximise profits and minimise costs before 1924. منزل; methods employed by mining capital efforts to maximise profits and minimise costs before 1924
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Spatial Entropy for Quantifying Ore Loss and Dilution in
Effective management of ore loss and dilution is essential for successful grade control and short-term mine planning due to their significant impact on the economic, environmental, and technical aspects of open-pit mining operations. Factors influencing ore loss and dilution fall into two categories: (i) controllable factors like mine equipment …
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Profit Maximisation: What is it and How to Maximise Profit …
The goal of profit maximisation is to keep producing and selling more until the business is at its maximum profitable capacity i.e. when marginal revenue is equal to marginal cost. It is at this point - where marginal profit equals zero - that the company is operating as profitably as it can. Once the figure dips below zero the company is ...
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The Rapid Rise of Intelligent Automation in Mining Applications
Digital Transformation: The Rapid Rise of Intelligent Automation in Mining Applications. Download PDF Copy. By Kerry Taylor-Smith Oct 15 2021. There is a need to physically extract or handle mining equipment, but the industry is increasingly making use of intelligent automation in the form of artificial intelligence (AI), machine learning (ML ...
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Integrating Bulk Ore Sorting into a Mining Operation …
Sensor(s) - to measure (or infer) the grade of bulk quantities of ore, such as on a fully loaded conveyor belt. Requires penetrative and fast sensors. Control system – to make accept / reject ...
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Innovation in the Mining Industry: Technological Trends …
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: …
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Productivity in mining operations: Reversing the downward …
Our productivity measure is composed of four elements: physical mining output, employment at the mine site, the value of assets at the site, and nonlabor costs. ... The world's third-largest producer by revenue, Australia's mining industry experienced high growth during the commodities boom. Historically, mining accounted for below 5 ...
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Data-driven optimal dynamic pricing strategy for
They formulated an integrated approach using big data mining methods to evaluate the quality level of the product. In their study, stochastic optimization techniques are employed to derive an optimal policy for the process for different actors, including retailers. ... The grocery intends to minimise the net loss in this period, which equals ...
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Transforming Manufacturing Waste into Profit
In some cases, that might mean, paradoxically, creating more waste, not less, in order to maximize profit. Making A By-product Strategy. Lee explains she originally backed into the concept of BPS. Her past research focused on environmental sustainability, examining how companies could minimize their impact on the environment.
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Creating the zero-carbon mine | McKinsey
The mining industry is at a tipping point where sustainability and decarbonization are top items on CEOs' agendas. To achieve a 1.5°C climate-change target by 2050, the mining industry will …
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5 Alternative Models to Profit Maximisation
oR/ as< 1, whereas a profit-maximiser would stop where oRfoS= 1. Exploring the implications of the model, Williamson finds that firms who maximise his concept of utility will (a) increase output and staff expenditure if the profit-tax rate increases (the utility of profits is reduced by the higher tax rate, so
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Integrating Bulk Ore Sorting into a Mining Operation to …
treated, increasing the capacity and reducing the energy consumption of comminution circuits. Water. Reduce environmental footprint. Less tonnes of ore are treated per tonne of product reducing ...
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Innovation in the Mining Industry: Technological …
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 …
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Class overlap handling methods in imbalanced domain: A
Class overlap in imbalanced datasets is the most common challenging situation for researchers in the fields of deep learning (DL) machine learning (ML), and big data (BD) based applications. Class overlap and imbalance data intrinsic characteristics negatively affect the performance of classification models. The data level, algorithm level, …
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12 Tips to Maximize Profits in Business | NetSuite
4. Up-sell, Cross-sell, Resell. It's expensive to acquire new customers. Instead, smart companies know that one of the best ways to increase sales is by introducing current customers to additional products, via upselling, cross-selling and reselling.
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Profit maximization (video) | Khan Academy
Profit maximization. Learn how firms maximize profit by producing a quantity where marginal cost equals marginal revenue. In a competitive market, firms are price-takers, and marginal revenue is constant. Rational firms will produce more if marginal revenue is higher than marginal cost. Profit is maximized when the area of the rectangle formed ...
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How To: Maximise Profits and Prevent Unaccounted Stock Loss …
This money-saving tool enables users to spot areas for improvement and take the necessary steps to reduce associated stock costs. It also allows users to decide whether or not new recipes are ...
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Current and Future Stope Design Methods for Underground Mining
However, 69% of all responses have reported changes to the mining method and indicate that the industry is ready to implement new, more efficient stope design methods. The authors behind the study conclude that if new stope design methods are to be properly implemented and the benefits demonstrated, case studies should play …
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Optimization, Newton's Method, & Profit Maximization: …
This article is the 3rd, and final, in a 3 part series.In the 1st part, we studied basic optimization theory.Then, in pt. 2, we extended this theory to constrained optimization problems.Now, in pt. 3, we will apply the optimization theory covered, as well as econometric and economic theory, to solve a profit maximization problem.
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