Cummins Inc. (NYSE: CMI) will host its Virtual Mining Expo on Thursday June 24.
In this article, the focus is another important aspect of the mining industry: capital expenditure (CapEx).
The Mining industry continues to apply various methods to improve its financial performance.
It’s the use of rare earth elements and tech metals, brought to us by the mining industry through different types of mining.
This edition of our 'Digging Deeper' series focuses on sustainable mining.
Downtime of a mining dump truck or an excavator could cost the mine operator over thousand dollars per hour.
Let’s define productivity as getting the job done faster.
Mining industry uses approximately four percent of the world’s energy according to the International Energy Agency.
Some mine haul trucks feature $50,000 tires and consume up to 30 gallons of fuel an hour.
Sustainable mining and reducing the cost of production are two of the focal points of this modernization.
Let’s define productivity as getting the job done faster, and increased productivity helps miners do more with less.
It could cost the mine operator over thousand dollars per hour for a mining dump truck or a mining excavator not to be working.