In 2011 Mongolia experienced an economic boom with growth recorded at 17.5 % (1). This was triggered by the start of the first phase of the Oyu Tolgoi (OT) project that involved investments totalling 6.6 bn US$ (2). The International Monetary Fund (IMF) believes that Mongolia has natural resources worth between 1,000 and 3,000 bn US$ (3), including the world’s second-largest ...
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Financing of International Mining Projects
As an industrial nation, Germany is obliged to safeguard its supplies of natural resources by obtaining a number of different raw materials that are not available, or cannot be supplied in sufficient quantities, on the domestic market. From a German perspective the development of overseas mineral deposits therefore plays a vital role when it comes to externally sourced commodities, and ...
Read More »Measuring and Dosing System for Operating Fluids Used in Longwall Hydraulic Systems for the Economic Optimisation of Shield Supports
The fall in prices for thermal and coking coal experienced for a long time now has forced all hard coal mines worldwide to resort to a special economy drive. A considerable part of their costs are caused by the operation of shield supports. The economic efficiency of the latter does not only depend on low acquisition costs, though. Other essential ...
Read More »Redefining Deposit’s Reserves by Advanced Mineral Processing Approaches
The estimation of a deposit’s reserves depends on the geological and mineralogical characteristics as well as the market value of the product. It is also influenced by the mining and mineral processing technology applied and the respective costs generated. Ongoing challenges such as decreasing prices, lower grade ores, rising labour and equipment costs call for new approaches. This paper highlights ...
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