Equipment and safety Archives - Active-Ex-Shub https://extractiveshub.org/category/equipment-and-safety/ The mining blog Tue, 29 Aug 2023 13:44:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://extractiveshub.org/wp-content/uploads/2023/05/cropped-coal-mine-gccdac3eb8_640-32x32.png Equipment and safety Archives - Active-Ex-Shub https://extractiveshub.org/category/equipment-and-safety/ 32 32 Increase the Net Returns of Your Investments with an Outsourced Chief Investment Officer https://extractiveshub.org/increase-the-net-returns-of-your-investments-with-an-outsourced-chief-investment-officer/ Tue, 29 Aug 2023 13:44:42 +0000 https://extractiveshub.org/?p=128 Unlike the geographic landscape, the investment one changes very quickly, especially in situations of crisis and uncertainty. This became especially evident during the global crisis […]

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Unlike the geographic landscape, the investment one changes very quickly, especially in situations of crisis and uncertainty. This became especially evident during the global crisis of 2008/09, which created a demand for the services of the Outsourced Chief Investment Officer (OCIO). It was this investment model that helped save the capital of many companies and organizations and, therefore, gained well-deserved recognition and widespread popularity. 

Today, the financial, economic, and geopolitical conditions in the world also do not promise certitude and serenity in the near future. In this situation, only the high professionalism of the Outsourced Chief Investment Officer and their subtle business and financial flair can ensure the protection of investments from unpredictable waves of the global market. Moreover, their ability to see through the veil of sharp market fluctuations and their flexibility in applying investment strategies provide a significant capital increase. With OCIO Services from Certuity, you get the most efficient and robust performance of all your investments and wide prospects for bigger projects.

Can a Company Become Successful Without Investment Management?

Any business or organization has assets that provide capital gains. Even if it’s just a room in which you are meeting with clients for consultations, this is the asset that allows you to make money. Successful projects are distinguished by the ability to accumulate free assets. However, if they are not invested in additional projects, they lose their value due to inflation or other adverse factors. For example, if some non-profit organization owns unused premises, they simply deteriorate and not only do not bring any income but also require constant repair. Therefore, the issue of investing is one of the key ones for both business companies and non-profit organizations with various missions.

What Caused the Transition from CIO to OCIO

Before the widespread proliferation of the OCIO model, the issue of investment management in mid-sized and large organizations and companies was dealt with by a very large group of people:

  • Qualified in-house staff
  • Chief investment officer (CIO)
  • Non-discretionary adviser or consultant
  • Board committee

This cumbersome structure proved to be very inefficient in the face of the 2008/09 financial crisis and the need to respond very quickly to changing conditions. The highly professional, flexible, versatile, and experienced staff of OCIO services turned out to be much more efficient and ready for non-standard solutions. 

Metaphorically, this can be compared with the behavior of a car driver and a cyclist or a motorcyclist in a traffic jam: where the second one quickly sees the solution and gets to the goal, the first one is constrained to patiently wait for the natural course of events. Comparison of the CIO and OCIO models by objective indicators shows the obvious advantages of the second one:

FactorsCIO ModelOCIO Model
ApplicabilitySuitable for mid-sized and large organizationsSuitable for organizations and companies of any size, including small ones
Staff costsHuge and permanentModerate and only for work performed
Performance The return on investment is low and unstable due to the rather narrow experience of in-house specialistsHigh performance due to extensive experience and continuous improvement of OCIO
Compliance with fiduciary obligationsProblematic due to the large circle of people involved in decision-makingA transparent pricing policy for OCIO services guarantees compliance with fiduciary obligations
Flexibility in decision-makingReluctance to innovative and original solutions due to inertia, group-think, and passing the initiative to othersWillingness to consider non-trivial solutions if the probability of a positive result is high enough

As a result, the management of companies and organizations recognized that the net returns from maintaining their staff of investment specialists are not only minimal but sometimes unprofitable. At the same time, the OCIO services provided an impressive profit in comparison with the costs of the chosen tariff plan.

How to Determine the Most Efficient OCIO Contractor

It is necessary to select a company providing OCIO services as responsibly as to invest your money in a particular project. The advantages of OCIO are both in non-standard solutions and experience, so both of these conditions must be met:

  • A promising start-up with employees full of enthusiasm and original ideas without sufficient work experience will lead to many reckless decisions.
  • At the same time, the conservative and formulaic approach of specialists who do not want to keep up with the times will not allow them to find effective solutions and see the unique opportunities offered by the new epoch.

Therefore, when choosing an OCIO contractor, it is important to conduct an in-depth analysis of candidate firms and evaluate the following indicators:

  • Educational background and work experience of specialists; 
  • Successful track records;
  • Best practice adherence;
  • Presence/absence of conflicts of interest;
  • Transparency of the pricing policy;
  • Customer reviews.

Benefits of Outsourcing CIO with LLC Certuity

  • The investment management expertise of LLC Certuity is backed by over 20 years of experience in family office wealth management and investments, including alternative ones.
  • Knowledge of effective risk management techniques guarantees the protection of your assets from market fluctuations and provides both short-term and long-term profits. 
  • The openness, transparency, and collaborative approach of LLC Certuity assure the possibility of proper oversight and timely correction of all actions in case of changes in investment goals. 
  • Direct access not only to the team managing your investments but to your assets as well ensures that you always have the last word. 
  • The high-performance indicators are the best proof that all decisions are professional and made solely in favor of clients.

Strategic asset allocation in the conditions of unstable markets is an extremely challenging task, for which professionalism and the ability to look into the future are crucial. The high reputation of Certuity and two decades of successful investment management is the best proof that even the most intense fluctuations in financial markets can be conquered by a well-designed investment strategy and the strong knowledge of those who control the helm.

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Brief overview of mining equipment https://extractiveshub.org/brief-overview-of-mining-equipment/ Fri, 23 Dec 2022 13:15:00 +0000 https://extractiveshub.org/?p=49 Without this, progress was out of the question, for the copper or iron produced was used to make new tools and instruments, and silver and gold were used for jewelry and money.

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Since ancient times, man has had to extract certain minerals. Without this, progress was out of the question, for the copper or iron produced was used to make new tools and instruments, and silver and gold were used for jewelry and money.

Mining excavators

The modern mining industry according to the method of mining is divided into two main directions: the open method of mining when materials are extracted in the pit, and underground, with the construction of mines. The machinery used in mining is also divided in the same way – each type of work uses its own, often very specific machines.

Quarry dump trucks.

To work in tandem with excavators and to transport the mined rock in the quarry can not do without special dump trucks. Quite a number of manufacturers produce such machines, but the strongly pronounced trend in recent years is the economic benefit that is provided by high-capacity models, and here not all factories can boast of having giant dump trucks in their product line.

Loaders and bulldozers.

For loading and transportation of loosened rock in quarries, there is also a place for front-end loaders. They are applied in mining since 1970s, both at stripping works, and as the additional loading and auxiliary equipment. Of course, quarry front loaders differ significantly in size from their smaller counterparts.

Other equipment

In a part of open-cast mines there are deposits of strong rocks, for their further working out special equipment is required – boring machines, namely they are used at one of the basic technological operations of drilling and blasting operations – drilling of blast holes. Unfortunately, recently the conditions of hard rock mining have become significantly more complicated, and often the cost of drilling reaches 30-35% of the total cost of mining operations.

There are a lot of companies – manufacturers of mining equipment, but we should not forget that fleet of equipment for each separate quarry is selected individually, depending on production tasks faced by the developer.

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Safety in the mining industry https://extractiveshub.org/safety-in-the-mining-industry/ Tue, 06 Sep 2022 13:04:00 +0000 https://extractiveshub.org/?p=41 Due to the scale of mines, complex mining equipment, exposure to toxins, and seismic activity, safety is a major concern in the mining industry.

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Due to the scale of mines, complex mining equipment, exposure to toxins, and seismic activity, safety is a major concern in the mining industry. Although mine accidents still occur, the mining industry has become much safer over the decades.

In the United States, the National Occupational Research Program (NORA) has prioritized mining as a focus of its research to provide intervention strategies to help improve the health and safety of miners and the environment.

And in 1978, the Mine Safety and Health Administration (MSHA) was created to improve the health and safety of miners in the workplace. Miners can report unsafe conditions to MSHA.

Mining hazards include:

  • Exposure to toxic rock dust
  • Exposure to harmful gases
  • Exposure to excessive heat
  • Hearing loss due to loud equipment
  • Rock falls
  • Landslides

As a result, miners are equipped with personal protective equipment to mitigate these hazards, among others:

  • Air respiratory systems
  • Hearing protection
  • Safety glasses
  • Detection solutions
  • Protective headgear with illumination
  • Fall protection
  • Reflective clothing
  • Protective two-way communication
  • Personal emergency respiratory
  • Additional batteries

Underground mines typically have refuge chambers that can hold miners for up to eight days in the event of a hazardous exposure. These chambers store food and water for miners in case of an emergency.

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Explosions, rockfalls, roof collapses and other threats https://extractiveshub.org/explosions-rockfalls-roof-collapses-and-other-threats/ Tue, 09 Nov 2021 13:07:00 +0000 https://extractiveshub.org/?p=44 There are several reasons why mines have a reputation for being unsafe work environments. In addition to machinery failure or the use of explosives

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There are several reasons why mines have a reputation for being unsafe work environments. In addition to machinery failure or the use of explosives, underground mines are threatened by sudden shaft collapses or rockfalls, mine flooding or ventilation defects, and then a lack of oxygen. Landslides can occur in quarries. A failure in one safety element leads to tragedy.

For this reason, mines often have trained personnel to maintain safety, as well as safety and security systems that monitor risks. Given the many hazards involved, these technologies in the mining industry must be very sophisticated.

In addition, they must have several specific features and functionality, such as:

  • High-quality monitoring software that allows multiple hazards to be monitored simultaneously, and in many cases the monitoring system includes automatic sensors that indicate hazards, such as methane or other gas releases in underground mines)
  • Automated, remotely operated, fast-acting safety and security features that take into account the large footprint of mining sites
  • Powerful, audible warning sound equipment for noisy mine environments
  • Monitoring, warning and alarms designed to make the individual components resistant to specific environmental conditions such as heavy dust or high temperatures.

Why mines are safer today

It can be said that the overall decline in deaths in the mining industry is largely due to technological advances in safety. There is not a single safety and security system in place here. However, mine safety can be achieved with a modern, flexible, adaptable system characterized by its scalability and modularity (individual devices operate independently or in cooperation with others), partial or full automation, simple operation from a central control center or on site, simple testing and maintenance procedures, increased longevity and overall reliability.

The most advanced products and state-of-the-art solutions can be found, fully functional even in very harsh environments such as mines. Electronic sirens such as Bono or Screamer (which can be used as mobile sirens in open mines and quarries) offer various settings, power supplies and horns. The sirens can be connected to a central command and control center, a remote control unit, and monitoring stations or software that allows personnel to control the entire system from one or more locations.

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Equipment for the mining industry https://extractiveshub.org/equipment-for-the-mining-industry/ Wed, 21 Jul 2021 13:02:00 +0000 https://extractiveshub.org/?p=38 Since the dawn of civilization, clay, stones, and metals found near the earth's surface have been used to make tools, weapons, utensils, and commodities for wealth and trade.

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Since the dawn of civilization, clay, stones, and metals found near the earth’s surface have been used to make tools, weapons, utensils, and commodities for wealth and trade.

Fast forward to the 21st century, and the global mining industry is booming. Elements and rare minerals are in high demand as a result of new technologies.

Although there are still serious environmental concerns associated with mining, the mining industry has become more efficient due to the development of technology that allows miners to extract the maximum amount of ore at great depths in underground mines.

Mining is the process of extracting minerals from a seam, vein, reef, deposit, or placer in the ground. Coal, metals, oil shale, rock salt, potash, gemstones, limestone, clay, chalk, stone, and gravel are all extracted from mines.

The recovery of these raw materials is based on the economic feasibility of investing in labor, mining tools, energy for mining, processing, and transportation.

The mining industry is responsible for the exploration, planning and permitting of a mine, the extraction of minerals using surface and/or underground mining methods, the processing and beneficiation of minerals, and the rehabilitation or reclamation of a mine at the end of its economic life cycle.

The tools of the mining industry include the largest ground equipment on earth. Dragline excavators and bulldozers are used to excavate overburden; drills are used to set explosives; loaders and dump trucks help transport ore and waste; and hoppers and drums are used to separate ore from waste.

Mine elevators transport personnel to and from mine sites and can also be used to transport ore from the bottom of the mine to the surface in the upper face. Railroads are also used to transport materials to other parts of the mine.

There are also a number of autonomous machines that operate in mines, ranging from dump trucks and loaders to continuous miners.

Large dump trucks and cranes move large volumes of ore and overburden during mining. Crushers, reactors, mills, and roasters are used in on-site processing plants to extract the desired product from the ore.

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