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An ideal load cycle is one that minimizes shovel hang time, optimizes shovel swing angle, maximizes trucking capacity, and allows for greater compliance to plan. But accomplishing this ideal load cycle is not an easy task, as the efficiency and safety of haul truck maneuvering at shovels, crushers, and dumps varies dramatically with operator skill. Increasing employee turnover and the lack of available and recruitable skilled operators further complicates the variability of operator capability across a mine site. As a result, mines often employ standard operating procedures geared toward the lowest level of capability to ensure a safer production. Traditional practices such as bucket spotting and single-side loading can reduce the risk of truck-shovel impacts, but at the cost of productivity, as the resulting increase in shovel hang time reduces the productivity of both shovels and trucks.
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🔶 Double Back-Up Loading - Bucyrus 495HR Loading Liebherr and Komatsu Haul Trucks ✔️ Trucks can position to load during their waiting time ✔️ Minimizes shovel loading delays ✔️ Dozer clean-up can be performed on one side while loading continues ✔️ Trail cable is less prone to rock damage ✔️ Requires cable towers ✔️ Greater truck driver skill is required Video source: https://lnkd.in/gXbZNXSd 🔶 Challenges with Load Cycle Optimization ✔️ An ideal load cycle is one that minimizes shovel hang time, optimizes shovel swing angle, maximizes trucking capacity, and allows for greater compliance to plan. But accomplishing this ideal load cycle is not an easy task, as the efficiency and safety of haul truck maneuvering at shovels, crushers, and dumps varies dramatically with operator skill. Increasing employee turnover and the lack of available and recruitable skilled operators further complicates the variability of operator capability across a mine site. As a result, mines often employ standard operating procedures geared toward the lowest level of capability to ensure a safer production. Traditional practices such as bucket spotting and single-side loading can reduce the risk of truck-shovel impacts, but at the cost of productivity, as the resulting increase in shovel hang time reduces the productivity of both shovels and trucks. source: https://lnkd.in/gsY3YgmR #miningengineering #geologists #mineplanning The mining industry is one of the most competitive industries in the world. It is also the industry that goes through the most boom and bust cycles due to the law of supply and demand.
Higher commodity prices = more companies = increased supply = lower commodity prices = less companies = decreased supply = higher commodity prices.
With every boom, new junior companies come into the market to get a share of the pie. Existing junior companies with completed feasibility studies go into production because it is easier to get finance during a bull market.
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On the other hand, when the bear market hits, the majority of junior companies go bust. The #1 reason these companies go bust is usually because of the lack of capital to fund their exploration endeavours and employee expenses.
Raising capital is one of the most important roles of the CEO of a mining company. That is either through a capital raise or option exercises. Even some of the biggest names in mining who are billionaires still have to raise capital for their ventures such as Ross Beaty from Equinox Gold and Robert Friedland from Ivanhoe Mines.
When it comes to capital raises, the CEO seeks to push up the company’s share price so they can raise more capital for the business without diluting their shareholders too much.
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One way to push up the share price is by getting exposure to influencers. These influencers could be investment managers, decision makers from mid to large-cap companies, and newsletter writers and the best way to gain exposure with these influencers (in my opinion) is at conferences.
Conferences have been the go-to marketing channel for mining companies (especially juniors) to promote their stock. Conferences gather influencers and decision makers from all over the world into one location. Because of this, conferences are also the place where deals get done and companies get funded. According to Energy Mines and Money, $182m has been invested in projects identified at their conference.
This happens to other industries as well. For example, $72 billion worth of aircraft sales were sold in the 2012 Farnborough International Airshow.
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Conferences are the only marketing channel where you are given the opportunity to meet with multiple decision makers face to face. For example, here are some of the attendees for the mining conference IMARC:
Plus, people working in the mining industry are generally from the baby boomers and Gen X-ers. The median age of workers in the mining industry is 39 years. The older the demographic, the less effective digital channels like social media is.
You also get to meet with newsletter writers who have a database of thousands of investors or maybe one of the mining journalists like Kitco who post most of their interviews on YouTube and they have over 29, 000 subscribers.
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During conferences, you may also be given the opportunity to give a presentation to these decision makers. Imagine cold calling each one of their companies and trying to schedule a meeting with 100 of them. We all know how time-consuming cold calling is.
Unless you are a BHP or Rio Tinto with billion dollar marketing budgets, every dollar in the bank counts. This means buying or renting a custom stand is out of the question because of the price alone. It would be more efficient to spend that money on hiring geologists, drill campaigns, or attending more conferences.
Obviously, you want to be attending mining conferences because that is where the people you want to meet will be. Depending on your resource, attending related conferences might be a smart move too. For example, if you are a lithium or cobalt mining company, attending a battery-related conference or electric car conference is something to consider.
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When it comes to getting the best deal out of an exhibition stand, going down the custom route is out of the question unless you are a large cap company.
Mining investments are generally concentrated in countries such as Australia, Canada, Chile, and South Africa. If you are attending international conferences, portability and ease of installation are critical. If you are exhibiting at a conference internationally, you want to ensure your stand is portable and easy to install. If not, you will be spending thousands of dollars paying a logistics company to transport it for you and $50/hour installers to setup and dismantle your stand.
1. Portable: TRIGA packs down into portable carry bags which means you don’t need a logistic company to transport the stand for you when you exhibit internationally.
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2. Durable: It is built to last a very long time. You don’t want your stand to break down after your second show.
4. Easy to install: Don’t pay $50/hour installers to install and dismantle the stand. Plus, you don’t need any tools to do it.
Conferences are one of the most effective marketing channels for a mining company because they allow you to skip the cold calling process and get in front of multiple decision makers all within a matter of days. The next two things that you need to consider are:
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