Mining operations in the context of Lode


Mining operations in the context of Lode

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⭐ Core Definition: Mining operations

Mining is the extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. The ore must be a rock or mineral that contains a valuable constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water.

Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and final reclamation or restoration of the land after the mine is closed. Mining materials are often obtained from ore bodies, lodes, veins, seams, reefs, or placer deposits. The exploitation of these deposits for raw materials is dependent on investment, labor, energy, refining, and transportation cost.

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Mining operations in the context of Ore grade

Ore grade is a measure describing the concentration of a commodity (e.g. metal or minerals) in ore. For metals sold in oxide form (such as tungsten and uranium), the grade may describe the percentage of oxide content (WO
3
and U
2
O
8
respectively).

Ore grade is used to assess the economic feasibility of a mining operation; the concentration of the commodity must be high enough so that it outweighs the cost of extracting it. The ore grade required for economic feasibility varies widely based on the value of the material being mined. The lowest grade that is feasible to mine is called a cut-off grade and is determined using various economic and political considerations.

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