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By William Gleason

The world has seen unprecedented economic changes in recent years, starting with the stock market collapse of 2008 and the great recession that followed. With these changes, the mining industry, like others, has been forced to find ways to adapt to the shifting and sometimes volatile conditions. It has been a bumpy ride that has not been easy. Prices for most commodities have been in a decline in the past several quarters ? albeit still well above the average prices of 10 years ago ? as the costs of production have been on a steady incline for the past 10 years. Adding to the concern was the report in April that China, which had grown at an average pace of 10 percent/year, for the past decade, slowed to less than 8 percent gross domestic product (GDP) growth this year, catching many off guard. Even gold, once the safe haven for investors during rocky times, stumbled in April of this year, losing 7 percent of its value in two days. So what?s an investor to do ? and how can companies still attract financing? For the first time in 10 years, SME, in conjunction with the New York Local Section of SME, attempted to clear the waters of the mining finance sector with a conference focused on ?Current Trends in Mining Finance.? Held at City University of New York, Graduate Center, April 29-30, the two-day conference attracted 148 attendees and was intended for senior executives and mining industry specialists, covering a range of important topics and trends through 17 panels with about 50 speakers. The presentations came from representatives from some of the most influential companies in the mining and financial sectors, including Citi, Nomura, Societe Generale, Caterpillar, Newmont Mining Corp., Ernst & Young, Export Development Canada (EDC), KPMG, HSBC, Tocqueville Asset Management, BNP Paribas, Revett Minerals, Royal Gold, Environ and ERM.

Jul 1, 2013

Choosing the right valve for corrosive, abrasive slurry applications requires exacting analysis and a comprehensive understanding of the complete slurry process. Within the realm of flow control in abrasive and corrosive slurry applications, there is no room for a one-size-fits-all approach. To ensure minimal maintenance, maximum uptime and the lowest overall cost of ownership, the slurry processing toolbox must contain countless alloy and elastomeric pairings ? each carefully targeted to the particular process medium and conditions. This materials selection process is best tackled by turning to expert slurry application engineers and valve product managers who work closely with customers to specify the optimal valve for the given parameters. ?When plant operators and design engineers apply conventional valves in abrasive applications or use metal seated valves or simply apply the wrong valve for a particular flow control situation, it typically leads to rapid valve failure, the potential for hazardous leakage, unexpected shutdowns and costly downtime,? said Cal Cobb, valve products manager for Weir Minerals North America, manufacturer of Isogate slurry valves for service in mining, minerals processing and metallurgical environments.

Jan 1, 2011

By L. Galarza

"INTRODUCTION Beneficiation of ores and minerals in a concentrator plant requires a significant amount of water [1] for the grinding and particle separation processes; most of it ends up being recirculated for reuse, slurry pumps are used after crushing and grinding feeding the ore to a classifier to separate fine-grained material (less than 5 mm) from coarse-grained material requiring further grinding. The lower ore grades [2] in the past couple of decades have demanded an increase on power size and efficiency of process machines to maintain a competitive plant throughput; Hydro-cyclone feed pumps to control both under and over milling or grinding are not the exception; Fig. 1 shows a conventional drive train [3] comprising an (1) asynchronous motor (also known as squirrel cage induction motor = SCIM), a high speed coupling (2), a gear reducer (3) and a low speed coupling (4) attached to the shaft of the pump (5), to accommodate the motor rated speed (typically 1800 rpm) to the process requirements (in the range of 250 rpm to 350 rpm), requiring additional components related to the gearbox: instrumentation, maintenance, disposable lubricants and filters, spare parts, thus reduces the overall system efficiency ultimately reflected into CAPEX and OPEX.WHY VARIABLE SPEED DRIVES FOR CYCLONE FEED PUMPS Hydrocyclones or commonly referred as “cyclones” are one of the most important devices in the minerals industry [4]; almost universally used in close-circuit grinding because of their high capacity and relative efficiency, the evolution of Power Electronics made affordable the use of Medium Voltage - Variable Frequency Converters (VFC) for Cyclone Feed pumps in combination with induction motors larger than 500hp (373kW) to gain multiple benefits: - Soft start with minimum electrical utility disturbance = inrush current mitigation - Full Torque available at zero speed for overload startup with pulp solidification after long still stand periods, superior to any other reduced voltage starting method. - Optimum and constant pump speed (independent of the electrical network or load condition), compared to across the line SCIM operation - Flexible Motor Voltage and Speed regardless of the power distribution Voltage and Frequency - Improved Power Factor (close to unitary), over the entire operating speed range"

Jan 1, 2015

By William Gleason

"In a time that seems to be dominated with nothing but bad news coming from the mining industry, there is a success story that has been quietly happening in Southwestern Wyoming for more than 60 years, and it is one that is likely to continue for many decades to come.Beneath the wind swept high desert plains of Sweetwater County, WY, about 32 km (20 miles) west of Green River, lies the Green River Basin where five companies, including Tata Chemicals North America (TCNA), are mining the world’s largest known deposit of trona and, in turn, are collectively producing 15.3 Mt/a (17 million stpy) of soda ash.“We have a long-term growth story that has been, and will continue to be a steady earner for many years to come,” said J. Martin Keighley, managing director of TCNA who has been in charge of the mine, formerly known as General Chemical Industrial Products Inc., for Tata Chemicals for about three years.According to the U.S. Bureau of Land Management (BLM), Keighley is safe with his prediction of future success. The BLM estimates that there are enough reserves in the Green River Basin to last another 2,000 years. Currently, four trona beds in the Green River Basin are being mined and in all, there are 25 major trona beds that occur within the Wilkins Peak Member of the Upper Eocene Age Green River Formation. The trona deposit as a whole covers about 2,500 km2 (1,000 sq miles) within the Green River Basin.And imagine, this economic mainstay in the region was discovered accidently.Prior to 1948, soda ash, the salable commodity that comes from trona and is used in a host of products including glass and detergent, was produced synthetically. In 1938, an oil and gas exploration team working in the Green River Basin came away with a find that would change the soda ash industry and the physical and employment landscape of southwestern Wyoming forever. Within 10 years, the communities of Green River and Rock Springs, which were built largely on the back of coal mining and railroads, had another commodity beneath their feet."

Jul 1, 2016

When Caterpillar announced that it had purchased Bucyrus for $8.8 billion, it was billed as the next great chapter in the history of mining. Surely, when the history books are written, it will be remembered as a deal that changed the face of the mining equipment sector, and it could well be a major milestone in the path toward autonomous mining in the future. In the short term, the deal is a clear indication that the world?s largest equipment maker is bullish on the mining sector. The purchase of Bucyrus allows Caterpillar to expand its mining interest to six product segments (underground, surface extraction, large mining trucks, surface material handling, hauling products and growth markets) with 16 product lines to serve the mining industry. But the commitment doesn?t end there. According to Steve Wunning, president of Caterpillar?s resource industries group, which includes Cat?s global mining division, the commitment to mining goes far beyond the acquisition of Bucyrus.

Jan 1, 2011

By K. V. Raj, C. A. Berry, A. T. Weakley, A. L. Miller, P. R. Griffiths, D. A. Parks

Diesel particulate matter (DPM) has been classified as a carcinogen to humans by the International Agency for Research on Cancer. DPM exposure is therefore regulated by the U.S. Mine Safety and Health Administration (MSHA). The current monitoring process takes days or weeks for exposure levels to be known, and a real-time monitoring device is needed. It is believed that infrared spectroscopy has potential for use in a real-time, field-portable device. This paper presents a method for measuring organic carbon (OC) and elemental carbon (EC) in DPM for a broad range of OC/EC ratios. 

By Chinmay Shingote, Robert Visintainer, Renjie Ke, Jaikrishnan R. Kadambi, John Furlan

Hydrocyclone separators are some of the most widely used instruments in a variety of industrial applications. Their major functions are to sort, classify and separate solid particles and liquid droplets within a multiphase flow system. Research studies employing both experimental and numerical methods recognize that the performance of a cyclone is related to its geometric dimensions as well as the inner flow pattern. Although many successes have been achieved over the past years, the majority of investigations only focused on the simplified design of cyclone geometry and on single-phase flow. Therefore, this study set out to investigate the flow field in a new-design hydrocyclone and used particle image velocimetry (PIV) to explore the complex swirling flow behavior inside the cyclone within an air core. The flow field inside the cyclone was also studied by computational fluid dynamics (CFD) simulation using a commercial CFD package. Different turbulent models were tested in this study with a moderate-size mesh, and the interface of liquid phase and air phase was predicted by the volume of fluid (VOF) model.

By Michael McNinch, LaTasha R. Swanson, Jennica L. Bellanca, Justin Helton

As manufacturers and mine operators develop and implement proximity detection systems (PDSs), they need to be mindful of the systems’ compatibility with mineworkers’ tasks, and possible unintended consequences. Researchers at the U.S. National Institute for Occupational Safety and Health (NIOSH) interviewed mineworkers at mine sites that currently use or previously have used PDSs on mobile equipment, including shuttle cars, battery haulers and scoops. Mineworkers reported that mobile PDSs affect loading, tramming, section setup, maintenance and general work on the section. Mineworkers discussed the operational effects and increased burden, exposure and risk. Mineworkers also suggested that improved system task compatibility, training, logistics and PDS performance might help address these issues. Manufacturers and mine operators implementing this or similar technologies may also consider mitigating task incompatibilities up front, performing additional site-specific usability testing and restricting the use cases of the system to improve performance.

By J. B. Boisvert, O. Leuangthong, T. Acorn

Optimizing final pit limits for stochastic models provides access to geologic and economic uncertainty in the pit-optimization stages of a mining project. This paper presents an approach for optimizing final pit limits concurrently over all realizations in a stochastic model and using a risk-management framework to manage the geologic and economic uncertainty. A heuristic pit optimizer is used to find multiple uncertainty-rated pit shells. These uncertainty-rated pit shells follow the mean-variance criterion to approximate the efficient frontier for final pit limits. Stochastic dominance rules are then used in a risk-management framework to further eliminate suboptimal solutions along the efficient frontier. This results in a smaller set of final pit shells that can be further analyzed for production scheduling. Additionally, the original solutions are analyzed for changes in the mining limits, and two regions are targeted as potential regions for further exploration.

By J. MCGUIRE, E. J. Haas, B. Demich

Near misses can enhance awareness of the potential causes of injury and prompt safety management initiatives. Although most companies require near-miss reporting, the value of these reports and how they influence subsequent actions or controls to reduce on-the-job risks are unclear. Researchers at the U.S. National Institute for Occupational Safety and Health (NIOSH) conducted a case study with an aggregates company in which near-miss reports were analyzed at each of their locations over an entire quarter during the summer of 2018. Within that quarter, workers recorded 249 near misses. The analysis provides insight into ways that risk-communication and management programs can be improved to reengage workers and their situational awareness on the job.

By Yi-Hsuan Chen, Jürgen Brune, Candace S. J. Tsai, Alejandro Munoz, Connor Krause

This study highlights the significant presence of submicrometer- sized airborne particles in underground coal mines, especially around the belt conveyor drift areas. Using realtime instruments and gravimetric samplers, the assessment revealed that particle concentrations were notably higher in the belt entry compared to other locations, with a strong presence of submicrometer- and nanoparticle-sized dust. The study’s findings emphasize the importance of addressing small particle exposure, as these particles, composed of harmful substances like calcium, copper and iron, can pose serious health risks to miners. This research emphasizes the importance of improving air exposure estimation through more effective monitoring and characterization techniques to better understand and reduce workers’ exposure to hazardous airborne particles in the mining environments.

Apr 1, 2025

By J. W. Powell

Several years prior to 1962, it became obvious that in order to develop ore reserves below the Storke Level, it would be necessary to devise a method to facilitate the ore being lifted three hundred feet to the surface or six hundred feet to the mill. The final plans called for an underground crusher complex with two stages of crushing and a conveyor belt gallery for transport of the ore six hundred feet above, to the third crushing stage. Access into the area was gained in 1962, by sinking Five Shaft approximately one quarter mile southwest of the proposed complex site, and drifting into the area. Collar elevation of Five Shaft is three hundred feet above the 600 Level Crusher Complex. All muck was loaded into ten-ton granby cars, hoisted to the surface and dumped. (See Figure 1 for the relationship between Five Shaft and the Crusher Area) Drifting into the Crusher Area contunued until 1965 at which time the Crusher Room Cutout was started. The Crusher Access Drift (CAD on Figure 2) war driven and mining pm- ceeded according to the description on drawings marked Figure 3a and 3b. After the arch portion of the Cutout was excavated and concreted, removal of the center "pillar" commenced. This muck was removed with an Eimco 123C crawler-mounted front-end loader. (See Figure 4) A total of 576,000 cubic feet of rock was removed from the Crusher Cutout. All sup- port was afforded by grouted roofbolts on a specified pattern, as shown in Figure 3c. Crane support columns were put into place and held by braces welded to roofbolt heads. Sidewalls and endwalls were formed and concreted. (See Figure 5 for the finished product)

Jan 1, 1970

By C. Maltesh

Anionic conditioning of phosphate ores prior to fatty acid flotation is a very critical step that determines the eventual selectivity, recovery and hence the economics of the process. However the chemical mechanisms operating during this conditioning step are not established. Several studies have been conducted in the past to determine the mode of interaction of collectors with the phosphate fractions however these have been done on a laboratory scale using pure phosphate minerals. In order to test the relevance of the observed effects to plant practice in this work a comprehensive survey of plant practice was first conducted and then adsorption on flotation feed and francolite were studied under simulated plant conditions. Effects of conditioning energy and water chemistry as well as solids loading and fuel oil were determined. Most importantly, different adsorption mechanisms were found to be dominant under laboratory and plant conditions. In plant water, there was some physisorption of oleic acid on phosphate flotation feed and francolite in addition to chemisorption. However, in distilled water under laboratory conditions only chemisorption was detected. Fuel oil reduced the residual oleic acid in solution after adsorption, which explains the beneficial role of extender in phosphate flotation. The dissolved species in solution arising from the flotation feed or plant processing water are shown to clearly play a major role in determining the adsorption of oleic acid on the substrates. The study also specifically demonstrates the importance of conducting research tests under plant mixing conditions and plant water chemistry for the results to be useful commercially.

Jan 1, 1996

By Rick Frechette, Greg Nelson

"The 2018 Elko Roundtable was held at the Red Lion in Elko, NV on March 15, 2018. The gracious host was once again Knight Piésold. Attendance was robust with representatives from more than 14 mining properties across Nevada representing nine corporations. Total attendance was at its highest in almost a decade. A high level of interest was also gauged by the number of companies with multiple attendees.The topic of water in mining was clearly a factor in creating the large show of interest. In terms of industry trends that are tracked annually, this topic had been absent from the list for more than 10 years (Deloitte, 2018) but was squarely planted there this year. And deservedly so. Three attending companies are signatories of the International Council on Mining and Metals (ICMM) which espouses a firm stance on water stewardship (ICMM, 2017).How’s the water?It is reported that water scarcity affects more than 40 percent of the world’s population (Deloitte, 2018). Consumption of water in the United States, based on the last detailed census, entails only 1.5 percent usage by the mining industry. The largest users are reportedly thermoelectric power and irrigation, combining for more than 75 percent of the U.S. consumption. During the prior census period, water usage at mines was up dramatically (USGS, 2014).Mine water source usage is primarily a mix of ground water and saline or fresh surface water resources. Over the previous period, saline sources experienced the greatest percentage in growth as a mine water source, nearly doubling in use. Nevada ranks second as a state nationally in mine water consumption. California is the leader, and Nevada is immediately followed by Utah and Alaska (USGS, 2014).Water rights in Nevada and the ongoing litigation at the state level, particularly over the Humboldt River basin, have elevated the concern over the supply of water and have raised the interest regarding the topic of water across the mining industry as well as within other industries.The Elko Roundtable meeting began with a safety share and introductions, and included each attendee mentioned a water problem or solution that he or she would like to discuss during the day. An interesting list of subtopics was developed from this round robin and yielded the following most common themes:• Mine pit dewatering during operation and pit wall stability.• Draindown from tailings dams and heap leach pads and dealing with this at closure.• Post closure pit lakes, pit lake water quality and associated water rights."

Dec 1, 2018

By William Gleason

"The times they are a changing, and, for the mining industry, the optimism is high. On Nov. 8, Donald Trump was elected as the 45th president of the United States, and the Republican Party won a majority of seats in the U.S. Senate and the House of Representatives, ushering in what many hope will be a positive change for the mining and extractive minerals industries.Trump has stated that one of his top priorities as president will be to increase spending on the nation’s infrastructure, which could help spark a boom for mining. He has also pledged to bring back coal jobs and reverse many of the environmental regulations that were put in place by the Obama administration. However, before the mining industry gets too far ahead of itself and plans for another Super Cycle, there are stark reminders that any work in the natural resources sector is complicated and challenging. On Dec. 4, the U.S. Army Corps of Engineers announced that it would not grant an easement that would allow the Dakota Access Pipeline to pass under a portion of the Missouri River in North Dakota. The proposed crossing of the oil pipeline is approximately a half a mile upstream from the Standing Rock Sioux’s Reservation, and for months, hundreds of protestors camped out at the site in an effort to halt the project, saying they feared how it would impact water supplies and sacred lands.Energy Transfer Partners, the company building the pipeline, said the pipeline is a $3.78-billion investment that will connect the Bakken and Three Forks production areas to major refining markets. The company signed voluntary easement agreements with landowners representing more than 85 percent of the properties along the four-state route but faced an organized protest from the Sioux Nation at Standing Rock. The protest gathered momentum and support through social and traditional media and became the focal point of global environmental and indigenous activism. The protestors claimed victory, at least temporarily, when the Corps of Engineers said it would look for alternative routes for the project. It’s a decision that could lead to a lengthy environmental review and one that has the potential to block the construction of the pipeline for months or even years."

Jan 1, 2017

By Alena Johnson

"Much of the copper being produced today uses heap leaching, where pure metal is extracted from the ore with a chemical process rather than smelting. This technique is deployed extensively in major copper producing areas including Chile, Peru and the southwestern United States.Copper ore is excavated from the ground, crushed and then spread in uniform layers on a pad. A slow trickle of sulfuric acid is distributed over the pile, where it percolates to the bottom and a collection point. The acid leaches out the copper, along with other minerals, which can be extracted chemically. This process can be used at large sites producing 100 kt/a (110,000 stpy) and greater.Production on a massive scaleProduction at heap-leach sites is continuous and can operate on an enormous scale. The ore is fed into a crusher to break down the large pieces, and then it moves into an agglomerator to capture the fines and create more uniform particles. While in the agglomerator, the ore is mixed with acid for the first time, helping it to bind the fines into larger particles and starting the leaching process. The treated ore moves by conveyors to a stacker designed to spread it uniformly on the pad.The size of the operation comes into perspective by considering a typical pad measures 1.6-km (1-mile) long and 0.8-km (0.5-miles) wide. Working day after day, the stacker creates individual piles or modules on the pad, each 122 x 61 m (400 by 200 ft) and 3 m (10 ft) deep. When one module is filled, it moves across the pad to the next, filling the area in one continuous pile. A completed row of modules spanning the width of the pad is a cell. Once the entire pad is covered, the process begins again laying down another 3-m (10-ft) layer, and it continues until the entire pad reaches its height limit which can be several hundred feet.Once a new module is completed, technicians lay a network of plastic pipes over the surface in a pattern similar to agricultural drip irrigation installations. The diluted sulfuric acid, called raffinate, is pumped through the pipes so it can be distributed over the module, allowing the acid to soak through the ore and leach out copper as it percolates to the bottom. At the same time, approximately 35 to 45 percent of the acid is consumed by dissolving the calcite carrying the metal in the process. The raffinate reaching the bottom is now characterized as pregnant-leach solution (PLS) since it carries the copper the company is seeking to recover."

Jan 10, 2018

By William Gleason

"Technology of all forms has experienced exponential growth in recent years, and there is no sign of it slowing down. This growth has presented amazing opportunity and significant challenges in nearly every aspect of daily life. Some of these changes are seen and experienced every day as we turn to our smart phones, tablets and smart watches to help with us with everything from directions to the store to managing our health. And other technological growth takes place far away from the public view but can have as much of an impact on our daily life as does shopping at Amazon or connecting with friends on social media.At the “THRIVE 2018, Innovations Advancing Mining” conference presented by SME on Sept. 27 at the Sheraton Pittsburgh Hotel at Station Square in Pittsburgh, PA, the focus was on innovation and how it affects the global mining industry.More than 100 people were on hand for the inaugural event, and they were treated to a unique program that focused on the cutting-edge innovations that will carry the mining industry into the future while increasing safety and productivity along the way.2018 SME President Barbara Arnold was the driving force behind the conference and put together the technical program with a focus on innovation through the entire mining life cycle and into the future. Talks ranged from more efficient and safer ways to extract minerals to some of the most advanced end uses of minerals and metals, including the use of 3D printing to create precision parts for machines and humans from advanced metal alloys.“We need to adapt new technologies to our industry and develop additional technologies as we provide materials and metals for infrastructure and energy development in the United States, around the globe, and to the Moon and beyond,” Arnold told Mining Engineering. “Our inaugural THRIVE conference sets the stage for these innovations to be applied and to continue to be developed. Our mining industry can only continue to thrive with these advances.”"

Jan 11, 2018

From a distance, the 0.75-km (0.5-mile) rail line that sits in the shadows of Vale-Inco?s Stobie Mine outside of Sudbury, Ontario could be mistaken for a standard conveyor belt hauling ore from the nearby mine. But with its large, yellow-painted loop and interconnected green rail cars that invert themselves on the loop before correcting with a smooth rollover further down the track, one might assume that this is some sort of test track for a new roller coaster. The fact of the matter is that it is the proving ground for Rail-Veyor technology, a technology that the company hopes will one day change the face of ore transportation in surface and underground mines around the world. With a line of linked, low-profile rail cars that are capable of carrying up to 1 t (1.1 st) per car of ore by way of simple, above ground, lightweight rail track, the technology is not groundbreaking. In fact, it was developed in the 1960s for the French State Railroad. A demonstration plant for the Florida Institute of Phosphate Research was installed in 2000 and the first commercial under-ground installation was in 2007 in South Africa at Harmony Gold?s Phakisa Mine. There, a 4.7-km- (2.9-mile-) long tram between two shafts operates three Rail-Veyor trains on a shared track. The difference is that the application that is being tested day-and-night in Sudbury is getting closer to wide production, thanks to the use of computer controlled automation that has helped turn an old idea into a cost-effective modern solution.

Jan 1, 2010

By José Ricardo Lopes, Alaor Coelho, Marco Gomes, Alfredo Dacio Moraes Filho, Akira Koshima

"Very low strength alluvial peat soil was found under two old drainage galleries with just 4.3m cover above a twin tunnel due to be excavated by a 10.6m diameter EPB Shield for São Paulo Metro’s Line 5. Alignment was required to strengthen soil and drive the TBM through safely without damaging the galleries. The design included six levels of self-drilling forepoling with lengths up to 15m, using 100 mm-diameter SCH160 metal tubing and injection bulbs with estimated 0.20m diameter. Two 6m-diameter circular shafts were excavated along the shield-tunnel axis, one each side of the galleries, and forepoling fanned out under gallery foundations. Given the peculiar soil and confined working space, more data were needed for correct drilling geometry. Ground mass treatment was successfully designed and executed and galleries were fitted with instruments to enable the shield’s advance. DESCRIPTION São Paulo Metro’s Line 5 (aka Lilas or purple line) is adding 11 stations along an 11.5km extension and three EPB TBMs are being used simultaneously (three EPBs on the same job for the first time in Brazil) with one of them excavating a large cross- section twin-track tunnel. Currently the largest work-in-progress for São Paulo Metro, this project has been divided into seven lots and 9km are already operational. This study refers to Lot 6 where the 10.6m - diameter EPB shield excavation is only 4.3m below two galleries running through a 10m layer of very soft peat soil in an old alluvial riverside region ringed by major roads. After recent filling, this area (Parque das Bicicletas) was used for recreation, although temporarily it has become a construction site. This paper will describe the original basic design; precautions in relation to the structural condition of the galleries after inspection; the problem of absence of data for their foundations; subsoil bore tests; evolution of the engineering design for the galleries and conditioning and reinforcing the soft soil below the galleries to ensure safe advance of the EPB shield, and finally the successful outcome of the solution used."

Jan 1, 2016

By William Gleason

"With desert temperatures climbing high at Caterpillar’s Tinaja Hills Demonstration and Learning Center near Tucson, AZ in September, a group of editors were given a reprieve from the sun and stepped inside the new Cat Minestar Command Center. The movie theater-like temperatures inside were a welcome relief, and the computer screens stationed around the room were an indication of not just how much things have evolved in the mining equipment sector, but also a peek into the future of where mining is headed.Equipment manufacturers like Caterpillar have always had to deal with peaks and valleys in demand that come with mining, perhaps never more so than in the last five years. Sudhanshu Singh, global product manager for Caterpillar, said that in one month in 2012, at the height of the mining Super Cycle, Caterpillar produced more than 150 large mining trucks (haul trucks that carry 136 t/150 st or more). By contrast, Caterpillar produced about 80 of those trucks in the full year of 2016. Between 2012 and 2016, Caterpillar saw its profits drop by 40 percent.“This shows how cyclical the industry is, and it is a testament to the strength of Caterpillar to be able to tolerate the wide swings,” said Singh. Demand for commodities is once again on the rise as are commodity prices with many signs pointing toward a recovery for the mining sector, and Caterpillar has positioned itself for the recovery. During its 2017 press event in September, company officials emphasized that Caterpillar has added strength in its technology divisions by forming new partnerships and adjusting its operating plan.“At the heart of our enterprise strategy is the operating & execution (O&E) model, a strategic framework to identify areas of the business that either create or consume the most value,” said Caterpillar chief executive officer, Jim Umpleby. “Using the O&E model as a guide, we gain a deeper understanding of where we have a competitive advantage, which is key to generating high returns.”"

Jan 11, 2017