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safety<\/p>\n","answer":"

Mine safety is a broad term referring to the practice of minimizing hazards, risks and accidents associated with the life cycle of mining-related activities. there is an inherent cost associated with the training programs for the mining company (setting up training programs, implementing training for personnel, upkeep of training programs. investigation of accidents and incidents).<\/p>\n","tips":{}},{"text":"

mineral resources<\/p>\n","answer":"

A concentration or occurrence of solid material of economic interest in or on the earth's crust, in such form, grade and quality that there are reasonable prospects for eventual economic extraction. You can have an inferred, Indicated or Measured mineral resource.<\/p>\n","tips":{}},{"text":"

mineral reserve<\/p>\n","answer":"

A Mineral Reserve is the economically mineable part of a Measured and\/or Indicated Mineral Resource.<\/p>\n","tips":{}},{"text":"

ore<\/p>\n","answer":"

Natural rock or sediment that contains one or more valuable minerals, typically containing metals, that can be mined, treated and sold at a profit.<\/p>\n","tips":{}},{"text":"

rock<\/p>\n","answer":"

Unmineralized, or sometimes mineralized rock that is not minable at a profit.<\/p>\n","tips":{}},{"text":"

ore body evaluations<\/p>\n","answer":"

Establishing the nature, shape, and grade of an economic deposit.<\/p>\n","tips":{}},{"text":"

tonne<\/p>\n","answer":"

Common unit used to describe the amount of ore in a deposit; ore length is multiplied by the width and divided by the appropriate rock factor to give the amount of ore for each vertical metre of depth.<\/p>\n","tips":{}},{"text":"

grade<\/p>\n","answer":"

The amount of metal in each tonne of ore, expressed as troy ounces per ton or grams per tonne for precious metals and as a percentage for most other metals.<\/p>\n","tips":{}},{"text":"

open pit mine<\/p>\n","answer":"

A mine where the minerals are mined entirely from the surface.<\/p>\n","tips":{}},{"text":"

underground mine<\/p>\n","answer":"

A mine where the minerals are mined from below the earth\u2019s surface.<\/p>\n","tips":{}},{"text":"

ramp\/shaft access<\/p>\n","answer":"

A vertical or inclined excavation in rock for the purpose of providing access to an orebody. Usually equipped with a hoist at the top, which lowers and raises a conveyance for handling workers and materials.<\/p>\n","tips":{}},{"text":"

mining methods<\/p>\n","answer":"

Various methods of mining we use to extract our ore and rock from the ground - Open-pit, Sub level cave, cut and fill, longhole open stoping.<\/p>\n","tips":{}},{"text":"

costs<\/p>\n","answer":"

Costs are classified as either Capital (CapEx) or Operating (OpEx).<\/p>\n","tips":{}},{"text":"

CapEx or capital expenditure<\/p>\n","answer":"

Is a business expense incurred to create future benefit (i.e., acquisition of assets that will have a useful life beyond the tax year). For example, a business might buy new assets, like buildings, machinery, or equipment, or it might upgrade existing facilities so their value as an asset increases.<\/p>\n","tips":{}},{"text":"

OpEx or operating expense<\/p>\n","answer":"

Those expenditures required for the day-to-day functioning of the business, like wages, utilities, maintenance, and repairs, Opex is the money the business spends in order to turn inventory into throughput. Operating expenses also include depreciation of plants and machinery which are used in the production process.<\/p>\n","tips":{}},{"text":"

supply and demand<\/p>\n","answer":"

The term supply refers to how much of a certain product, item, commodity, or service suppliers are willing to make available at a particular price. Demand refers to how much of that product, item, commodity, or service consumers are willing and able to purchase at a particular price. the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.<\/p>\n","tips":{}},{"text":"

global markets<\/p>\n","answer":"

Commodities and sold, based on supply and demand all over the world. Global marketing involves planning, producing, placing, and promoting a business' products or services in the worldwide market.<\/p>\n","tips":{}},{"text":"

economies of scale<\/p>\n","answer":"

Cost advantages companies experience when production becomes efficient, as costs can be spread over a larger amount of goods.<\/p>\n","tips":{}},{"text":"

support personnel<\/p>\n","answer":"

Individuals not directly associated with extraction of the ore; but employed by the mining company. Examples are purchasing, human resources, corporate management personnel.<\/p>\n","tips":{}}]},"library":"H5P.Dialogcards 1.9","metadata":{"contentType":"Dialog Cards","license":"U","title":"Mining & Mining Operations"},"subContentId":"0db00a57-394c-42da-a3e5-0ecef5a10f0c"},"useSeparator":"auto"}]},"library":"H5P.Column 1.16","subContentId":"4e79a9b0-52a9-40c5-9602-ad59cdfc62a1","metadata":{"contentType":"Column","license":"U","title":"Terminology"}}],"behaviour":{"baseColor":"#1768c4","defaultTableOfContents":true,"progressIndicators":true,"progressAuto":true,"displaySummary":true},"read":"Read","displayTOC":"Display 'Table of contents'","hideTOC":"Hide 'Table of contents'","nextPage":"Next page","previousPage":"Previous page","chapterCompleted":"Page completed!","partCompleted":"@pages of @total completed","incompleteChapter":"Incomplete page","navigateToTop":"Navigate to the top","markAsFinished":"I have finished this page","fullscreen":"Fullscreen","exitFullscreen":"Exit fullscreen","bookProgressSubtext":"@count of @total pages","interactionsProgressSubtext":"@count of @total interactions","submitReport":"Submit Report","restartLabel":"Restart","summaryHeader":"Summary","allInteractions":"All interactions","unansweredInteractions":"Unanswered interactions","scoreText":"@score \/ @maxscore","leftOutOfTotalCompleted":"@left of @max interactions completed","noInteractions":"No interactions","score":"Score","summaryAndSubmit":"Summary & submit","noChapterInteractionBoldText":"You have not interacted with any pages.","noChapterInteractionText":"You have to interact with at least one page before you can see the summary.","yourAnswersAreSubmittedForReview":"Your answers are submitted for review!","bookProgress":"Book progress","interactionsProgress":"Interactions progress","totalScoreLabel":"Total score","a11y":{"progress":"Page @page of @total.","menu":"Toggle navigation menu"}}

Mining Operations - M1U1 Introduction

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