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What are the pros and cons of self-operate exploration drilling machines and Contract Drilling Companies in the mining industry?
In the mining industry most companies cannot afford the cost of maintaining the drilling equipment nor infrastructure required to do inhouse exploration. Self-operated exploration drilling requires the company to have and H/R staff which can higher high caliber people and then attach them to the corporate employment package for the long term. Most self-operated exploration drilling machines cost 2 times as much as contract drilling companies that can distribute the costs and employment agreements over multiple footage projects and locations. Contract Drilling companies stay abreast of new developments in the industry and maintain records to track costs thus arriving at the most economical footage results available for the formations being drilled. (no hidden cost) Self-operate exploration drilling have costs that are ignored and/or written off in other areas of the corporate structure. ie Repairs, fuel, moves, administration. Pro of Self-operated exploration drilling are that the company attains the information on the ore bodies in a more timely manner to make mining development decisions on and operating mine. Self-operated exploration drilling and contract drilling is similar to large mining company keeping staff to do raw exploration- they don't. The large mining companies invest in the junior exploration companies to find new ore bodies which allows them to have experience people looking for ore bodies and managing them selves vs. maintaining a large costly exploration staff. The juniors use contractors because they cannot afford the large capitalization for the drilling equipment and tooling to do small exploration projects to see if they have and ore body. If the junior finds and ore body the large mining company will fund the drilling project for a percentage of the property or will buy out the juniors stock to own the property. The economics of the property will dictated the pros and cons of in-house drilling or contract drilling. It may come down to the risk involved in the ore body involved.
What is the difference between placer mining and hardrock mining?
Placer (pronounced plass-er) seeks to recover gold that heas been weathered, is in the form of dust and small nuggets, and has been washed out of the rock formation. Panning for gold is placer mining. Hard rock mining removes solid chunks of rock that must be crushed to recover the gold.
Why do you think that mining on land is less costly than mining in the deep ocean is?
Mining on land is less costly than mining in the deep ocean because it takes more equipment to go down to the bottom of the ocean, and all of that equipment costs more money than what they use on land.
What are the environmental impacts and sustainability considerations of lithium mining compared to oil drilling?
Lithium mining has environmental impacts such as water usage and habitat disruption, but it is considered more sustainable than oil drilling due to its lower carbon footprint and potential for renewable energy storage. Oil drilling has significant environmental impacts like air and water pollution, habitat destruction, and greenhouse gas emissions, making it less sustainable in the long term.
What is the advantages for drilling for oil in the us?
It costs less money. Using foreign oil costs a lot, considering everything that involves getting it here, but if we drill more over here, it will cost less, and that means more money at the pump.
Why mining truck for sale is so popular?
Mining truck helped build the modern mining industry and today move more than half of the material, such as rock, ore, coal and oil sands at mines around the world. Mining Trucks have continued to evolve since their inception. Customer requirements and technology advances have driven this development. if you want more information, you can search the comany: TOP LEAD IMPORT AND EXPORT LIMITED, it's a professional mining truck manufacturer.
What are bituminous sands?
Bituminous sands are oil sands , tar sands and more tecnically they're an unconventional petroleum deposit . I hope I hlped you!!
Why was drilling oil more effective?
Drilling for oil is more effective than other extraction methods because it allows access to deep underground reservoirs that are not reachable through surface mining. This method can yield higher volumes of oil in a shorter time frame, maximizing production efficiency. Additionally, drilling technology has advanced significantly, enabling more precise targeting of oil deposits and reducing environmental impact compared to more invasive extraction techniques. Overall, these factors contribute to the increased effectiveness and economic viability of oil drilling.
Why continuous miner is used?
A continuous miner is used in underground mining to efficiently extract minerals like coal from deposits. It operates by cutting and gathering material in a single, continuous process, which reduces the need for drilling and blasting. This method enhances safety, minimizes labor costs, and increases productivity by allowing for a more streamlined operation. Continuous miners can also operate in environments where traditional mining techniques may be less effective.
How is the copper ore extracted from the ground?
Copper ore is typically extracted from the ground through a process called mining. This involves drilling, blasting, and hauling the ore to the surface for processing. Methods such as open-pit mining or underground mining are commonly used to extract copper ore from the ground.
How did the Clean Air Act impact SIC 1381?
Although this legislation seemed to boost the natural gas market, it also included more stringent emission standards for offshore drilling, which directly affected well completion costs for drilling contractors.
Why is cheaper to drill for oil on land than under the sea beds?
Drilling for oil on land is usually cheaper than drilling under the seabed due to several factors. On land, the infrastructure costs are lower, as there is no need for specialized equipment, platforms, or pipelines. Additionally, the depth and pressure of the reservoirs under the seabed can be much higher, requiring more complex and expensive drilling techniques. The harsh marine environment also leads to increased operational and maintenance costs for offshore drilling.
