ZVENIA Mining

Corporate at ZVENIA 09/02/2026

Core drilling and sampling standards

Geotechnical focus: Core drilling and sampling standards are about controlling damage, not just drilling depth: correct core barrel and bit selection (HQ/NQ/T2), low-disturbance drilling parameters, full core recovery, proper orientation, and disciplined handling and boxing. Poor practice shows up immediately as low recovery, broken core, and unreliable RQD. Mineral exploration focus: In mineral exploration, core drilling standards aim to preserve geology and structure: appropriate barrel size, stable drilling parameters, accurate core orientation, and strict core handling and logging. Recovery quality directly affects structural interpretation, grade control, and confidence in resource models.

Source: Credit to Junaid Javed

Corporate at ZVENIA 28/01/2026

Corporate at ZVENIA 28/07/2025

How Much Does an Error Cost in Mining?

A Practical Reflection on Hidden Costs, Precision Engineering, and Operational Survival This week, I revisited a robust technical report on operational costs in mining. The document, published by the respected SRK Consulting, is a valuable compendium: it details costs by activity, separates fixed and variable expenses, and discusses methodologies such as Activity-Based Costing (ABC), among other essential practices for reducing expenses and maximizing value. However, one thing caught my attention: there was no mention of the cost of error — the kind that doesn’t appear directly on spreadsheets, but is paid for through rework, metallurgical losses, poorly executed blasts, geotechnical instability, or even irreversible social and environmental impacts. I couldn’t help but recall 2019, when I was in Chile for a summer internship, visiting a low-grade iron ore operation. In that challenging context, margins were so tight that attention to every detail made a difference, and all quality and uncertainty control systems (QA/QC) were tuned to the highest level. I witnessed precision engineering being used as a tool for economic survival. In that setting, error simply wasn’t an option. At that moment, I realized a stark contrast with the mindset I’ve often seen in Brazil: the idea that "errors can be absorbed", a mentality historically supported by high ore grades and a more forgiving market environment. But that reality no longer exists. Today, mining operations in Brazil are subject to much stricter demands for precision, control, social responsibility, and sustainability. So, the big questions are: 👉 How much does an error really cost? 👉 What is the impact of uncertainty on our decisions? 👉 Why is there still resistance to modeling uncertainty as a strategic cost? As my professor Joao Felipe Costa wisely says: “Error exists, and our role is to quantify the space of uncertainty.” And he’s absolutely right. There are now statistical models, geotechnical systems, sensors, simulations, and algorithms that allow us to measure operational risks and uncertainties with remarkable precision. And every percentage point of ignored uncertainty is, in practice, a hidden cost that undermines the competitiveness and sustainability of any operation. In a sector under pressure from narrow margins and high responsibility, increasing environmental pressure, stricter social demands, and a diversity of political and economic conditions, incorporating the cost of error into decision-making models is no longer a luxury: it’s a technical and ethical urgency. Ignoring the cost of uncertainty is no longer acceptable. It’s time to turn this “invisible Cost” into a strategic indicator. Claiming certainty without knowing the degree of uncertainty doesn’t eliminate the error. The error exists — and must be accounted for. Precision Engineering Is Impact Engineering We are called to act with excellence and responsibility. We must look beyond the visible CAPEX and OPEX, and include the variables that truly define long-term viability: error, uncertainty, trust in data, and a commitment to social and environmental impact. That is the kind of engineering I believe in. That is the future I want to help build. If you believe in this too, let’s talk. 📩 Leave a comment or send me a message. 💬 Let’s turn data into decisions — together.

Source: Credit to Alexandre Maggi Hainzenreder

Corporate at ZVENIA 15/08/2025

Graphite: The Unsung Hero of the Battery and Electronics Boom

Graphite is one of the most versatile and misunderstood materials in the modern industrial world. A crystalline form of carbon, it consists of stacked layers of graphene — a single sheet of carbon atoms arranged in a hexagonal lattice. Graphene is one of the best conductors of heat and electricity known to science, and in graphite form, it delivers a rare combination of exceptional conductivity, high thermal stability, chemical inertness, and remarkable strength-to-weight ratio. With a melting point of 3,650°C, superb lubricity, and resistance to corrosion, graphite is indispensable across sectors — from energy storage to high-temperature manufacturing. But to understand graphite’s future, it’s essential to separate myth from reality, especially in the battery market. Two Graphites, Two Stories There are two main categories of natural graphite: amorphous and flake. Amorphous graphite is a microcrystalline form derived from needle coke, a byproduct of fossil fuels like coal or tar. Fine and powdery, it’s typically low in purity and requires significant refining for high-tech use. Although natural in origin, its heavy processing means it’s often labelled “synthetic” — partly to distinguish it from flake graphite. Flake graphite is the crystalline variety, formed in metamorphic rock. Found in flat, plate-like particles with angular edges, it’s made up of stacked graphene layers. Flake size matters: jumbo and large flakes can sell for 3–5× the price of fine flakes. In 2024, medium and large flake prices rose by ~10%, while fine flake prices dropped by ~20%. The natural flake market is expected to grow at a CAGR of 14.6% from 2025–2032, driven by high-performance applications. The Big Advantage: Expandability Large flake graphite can be converted into expandable graphite — a form that expands up to 100–300× its original volume when heated. Expanded graphite is then compressed into graphitic foils, prized for: Thermal conductivity (up to 500 W/m·K in-plane) Electrical conductivity Chemical resistance Durability in extreme environments Graphitic foils excel in electronics, acting as heat spreaders, thermal interface materials, and heat sinks in smartphones, tablets, LEDs, laptops, and servers. With the rise of compact, high-power devices, their ability to dissipate heat is critical to preventing performance throttling and extending lifespan. Traditional and Emerging Uses Graphite’s industrial role extends well beyond batteries: Steelmaking & Refractories – Furnace linings, crucibles, and molds, plus carbon addition in steel production. Lubricants & Brake Linings – Dry lubrication in high-friction environments such as automotive brakes. High-Tech Composites – Graphene production for electronics, fuel cells, solar cells, and plastics with enhanced thermal and mechanical performance. The Battery Market Reality Despite popular belief, most battery anodes are not made from natural graphite alone. In 2024, around 90% of battery anode graphite was synthetic and only 10% natural — a dramatic reversal from a decade ago, when natural graphite made up 60–65%. Why the shift? Synthetic graphite offers: Exceptional purity and consistency Longer cycle life and better SEI (solid electrolyte interphase) stability Superior performance for fast charging Better electrolyte compatibility Synthetic costs roughly 2× more than natural, but for electric vehicles, the longevity advantage often outweighs the price premium. Natural Graphite’s Comeback in Blends Natural graphite still has a strong case: Higher specific capacity (~372 mAh/g theoretical) Lower cost Better energy density after processing (e.g., spheronisation, coating) For this reason, many EV makers are now using blends — ~10% natural in EV batteries and up to 30% in stationary energy storage systems. This delivers a balance of performance and cost. Demand Outlook Global lithium-ion battery demand is growing at 12–20% CAGR, and that’s good news for both graphite markets: 3–4× growth in total graphite demand 6–8× potential growth for natural graphite if its share in anodes doubles With ~40% of current natural graphite output (~700,000 tonnes/year) already going into batteries, and additional demand for high value large flake graphite in electronics and high-performance applications, the future for mined graphite looks bright — even if synthetic dominates battery anodes. Bottom line: Graphite isn’t just “the battery mineral.” It’s a foundation of many industries, and is increasingly becoming a cornerstone of thermal management in electronics, and a critical material for the energy transition. The key to its future lies in innovation, advanced coatings and blending natural and synthetic for optimal battery performance, scaling production for new technologies, and expanding its role in the high-tech supply chain.

Source: Credit to Amanda van Dyke

Graphite: The Unsung Hero of the Battery and Electronics Boom

Corporate at ZVENIA 31/08/2025

LA OPTIMIZACIÓN DE UN PROCESO NO ES MEJORA CONTINUA

En minería, solemos escuchar frases como “hay que optimizar el proceso” o “necesitamos mejorar la operación” y para algunos resulta ser lo mismo, aunque parecen equivalentes, no lo son. La optimización y la mejora continua persiguen metas distintas, se aplican en momentos diferentes y exigen herramientas propias. Técnicamente, "Optimización" se define como la búsqueda del mejor resultado posible a través de un estudio matemático y simulación. Dicho en otras palabras optimizar significa ajustar un proceso para lograr el máximo rendimiento o el mínimo costo dentro de ciertas restricciones. En minería a cielo abierto, un ejemplo típico es la programación de fases con softwares como Whittle o Vulcan, que buscan maximizar el valor presente neto del yacimiento. En ese mismo camino, en minería subterránea, la optimización se refleja en metodologías como Mine-to-Mill, que ajustan desde la fragmentación en tronadura hasta la molienda, reduciendo consumo energético y elevando la recuperación de mineral. Mientras que la Mejora continua se define como pequeños pasos que construyen resultados. Es decir la mejora continua se centra en identificar fallas, eliminar ineficiencias y reforzar la cultura de trabajo. Aquí entran metodologías como el ciclo PHVA (Planificar, Hacer, Verificar, Actuar). En la práctica, puede significar ajustar protocolos de ventilación en minería subterránea, reducir la dilución en perforación y tronadura, o rediseñar el flujo de transporte de mineral en faenas a cielo abierto. Estos dos conceptos podrian explicarse facilmente de la siguiente manera. - Optimización: es cuantitativa, se apoya en modelos y simulaciones. - Mejora continua: es iterativa, sistematica, puede llegar a ser repetitiva se enfoca en hábitos, cultura y ajustes prácticos. - Secuencia lógica: mejorar primero, optimizar después. ¿Por qué importa esta distinción? Un proceso mal diseñado no puede ser optimizado con éxito. Primero hay que mejorarlo, estandarizarlo y estabilizarlo. Solo después es posible aplicar herramientas de optimización que realmente generen valor. En minería, confundir estos términos puede llevar a inversiones en software avanzado sin haber resuelto antes problemas básicos de gestión, seguridad o cultura organizacional. Reflexión final Optimización y mejora continua no compiten: se complementan. La primera ofrece resultados medibles y cuantificables; la segunda asegura que esos resultados se sostengan en el tiempo. Juntas, son la clave para una minería más rentable, eficiente y sostenible.

Source: Credit to Diego Salamanca

LA OPTIMIZACIÓN DE UN PROCESO NO ES MEJORA CONTINUA

Corporate at ZVENIA 15/08/2025

Still Thinking? Here’s Another Blasting Problem – Cut-Off

Lesson 7 – Part 3 Sometimes, your explosive train doesn’t misfire completely — It starts, but somewhere along the hole, the detonation wave dies out. This is a Cut-Off, and it’s just as dangerous. ⸻ 🔍 What causes a Cut-Off? – Poor continuity in the explosive column – Gaps between boosters or cartridges – Water degradation of explosives – Bad priming (wrong type or position) – Column collapse due to improper stemming or geological failure ⸻ ⚠️ Why is it dangerous? – You think the hole fired, but part of it didn’t – There could be unexploded explosive deep in the hole – Secondary blasting becomes extremely risky – Drill rigs hitting unexploded sections can cause fatal accidents – You lose performance: poor fragmentation and high oversize ⸻ 🛡️ How to prevent Cut-Offs: ✅ Use continuous explosive column — no gaps ✅ Ensure water-resistant explosives in wet holes ✅ Double-check booster placement and priming ✅ Proper stemming with suitable material and technique ✅ Avoid drilling in soft zones that collapse during loading ⸻ 🛠️ Field Practice: – Log all holes and match explosive types to hole conditions – After blast, inspect muckpile signs — look for signs of poor breakage – If a hole is suspicious, treat it like a misfire until confirmed otherwise ⸻ 🎯 Remember: A Cut-Off is a misfire in disguise. Just because it started doesn’t mean it finished. Treat it with the same caution — and plan to avoid it from the start.

Source: Credit to Yousuf Shawky

Corporate at ZVENIA 08/08/2025

Mining's three-body problem

Cutoff, production rate, value - shift one, shift them all. How do you strike the right balance? A sensitivity analysis is commonplace in any technical report - assessing project value when a single variable changes in isolation. The problem is that a single variable seldom if ever changes in isolation. Every decision has a ripple effect. You can't optimize one variable without impacting the others. Yet many project charters etch a singular focus from the start- whether it’s minimizing capital intensity, maximizing throughput, or squeezing cost per tonne. As a result, studies tend fixate on technical hurdles, while overlooking business fundamentals and project delivery drivers. I'm not throwing shade at the importance of technical rigor. But a technically sound project that never gets built is just a good-looking spreadsheet. So how do we widen our focus? Start by modeling mining's three-body problem - cutoff, production rate, and value. The concept is simple: > Model scenarios using different cutoffs, methods, production rates > Estimate resulting NPVs > Identify where the value peaks It's powerful at concept, scoping or PFS, where the range of outcomes is still wide enough to test. For project teams, it exposes trade offs that aren't obvious in isolation. But the value of this method hinges on your assumptions. Cost curves, recovery factors, geotechnical constraints, commodity pricing. Get these wrong and your "value" is nothing but a mirage. Still, when grounded in good data and sound judgement, it can change the trajectory of a project. It moves the conversation from: “What can we do with this deposit?” to “What should we do to maximize its value?” It's not just a technical exercise. It's a strategy tool, best applied before your options narrow. The insights are worth the effort, but remember... Garbage in still means garbage out. Have you tried balancing mining's three-body problem? How did it influence your design or strategy?

Source: Credit to Brian Villeneuve

Corporate at ZVENIA 08/08/2025

Reserves Reporting: It’s a Summary, Not a Standalone Study

Too often, Reserves reporting is misunderstood—especially by non-technical stakeholders—as a self-contained exercise. In reality, reporting Mineral Reserves in accordance with the JORC Code (2012) or KCMI is not an objective in itself. It is the formal summary of a Life-of-Mine plan that has already been developed to a sufficiently detailed level. As per JORC Clause 29: "A Mineral Reserve is... defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors." In operating mines, this study is typically the Budget-level Life-of-Mine Plan—aligned with AACE Class 2 estimates under Recommended Practice 47R-11, a framework also recognised by CRIRSCO. 📌 Key Point: A Reserve cannot be declared without a supporting mine plan. Attempting to do so is not only non-compliant, it risks misleading stakeholders. ✅ The Reserves statement is the output, not the input or objective, of mine planning.

Source: Credit to Keith Whitchurch

Reserves Reporting: It’s a Summary, Not a Standalone Study

Corporate at ZVENIA 05/09/2025

How to tell you're not ready for innovation in the mining industry?

I've been thinking about why some mining companies successfully adopt innovation while others struggle, despite having similar resources and challenges. The difference often comes down to organizational readiness. It is not a question of company size, but it is always a question of culture and legacy systems. As part of our business model, Objectivity performs a scoping study to demonstrate how DRX can improve drilling efficiency (defined as expected volume meeting QP/CP requirements per metre drilled). When compared to a baseline plan, DRX will improve the efficiency and identify other value drivers leading to better drilling outcomes. Through this process, I’ve observed some clear indicators that distinguish companies genuinely open to innovation and change. 1. Decision-making speed. If it takes you longer to get your new “innovative” supplier onboarded and under contract than it does for the innovator to deliver or demonstrate their value proposition, you're probably not ready. We often confuse thoroughness with delay. If your approval process for testing new approaches involves multiple committees and months of deliberation, you're structurally designed to resist innovation. 2. Onboarding process for new technologies. Do you have a clear pathway from concept to implementation? Or does each new idea get treated as a unique event requiring special handling? Innovation requires a process for rapid experimentation and learning, not perfect first attempts. 3. Systems to assess whether an innovation was effective? I've seen companies implement new technologies without clear metrics for success. They can't tell you whether the innovation worked because they never defined what "worked" means. Often, there is no baseline performance data to compare to, or, there is plenty of data, but little metadata describing the data or its quality. 4. Collaboration across disciplines The most successful projects we have had are the ones where everyone involved benefits from working directly with people who know their domain inside out. Resource drilling eventually has to turn into a reserve, so you might as well get the engineers on the call. And if you’re already running a producing mine, you could get the production department involved. It may help them understand why they should support the rigs. 5. Innovation/adoption is principality driven by culture. Good culture equals good and happy people equals good corporate growth (think Costco). A rigid hierarchy and lack of responsibility stops innovation. You need an environment where technical personnel, domain experts, and decision-makers can talk openly, where responsibility and trust flow freely, not where they're trapped behind layers of legacy process. Build systems based on respect, speed, fairness, clear measurement, and genuine openness. Flatten your structure, empower your people, and watch efficiency grow. Or don’t.

Source: Credit to Andrew Dasys

How to tell you're not ready for innovation in the mining industry?

Corporate at ZVENIA 08/08/2025

Sensibilidad del NVP Respecto a las Reservas

En los estudios económicos de un proyecto minero, las reservas juegan un rol crítico en la valorización del mismo. En el gráfico, se muestra cómo una variación del 1% en las reservas minerales (por tonelaje o ley) puede modificar el NPV en aproximadamente $6.2 millones de dólares. Esta relación proporcional evidencia la alta sensibilidad del NPV frente a las reservas. En este ejemplo se tiene un NPV base de 288 millones de USD. Una disminución del 30% en las reservas podría reducir el NPV a 105, mientras que un aumento del 30% lo elevaría hasta 474 millones. 📊 Fuente: Mining Project Value Optimization

Source: Credit to José Pedro Cortez Ordoñez

Sensibilidad del NVP Respecto a las Reservas

Corporate at ZVENIA 21/08/2025

Civil Engineering Formulas (7 Pages)

Don’t just track savings if you want top procurement I’d do this instead... Track metrics that align with your business goals. Group the KPIs for better decision-making: ➝ Quality KPIs – To assess supplier performance. ➡️ Compliance rate, Supplier defect rate, Purchase order accuracy ➝ Inventory KPIs – To assess effective order management ➡️ Inventory turnover ratio, Inventory carrying cost, Inventory aging ➝ Cost-Saving KPIs – Evaluate procurement's level of impact ➡️ Cost avoidance, Procurement ROI, Spend under management, Cost reduction ➝ Delivery KPIs – To assess a reliable supply chain ➡️ Vendor availability, Purchase order cycle time, Supplier lead times Most Procurement teams only track two or three of these metrics and then struggle to improve YOY or even to justify their value

Source: Credit to Tom Mills

Corporate at ZVENIA 25/06/2025

Underground Drill & Blast Reviews

Doing a detailed review of underground stope drill and blast performance can easily identify the main factors behind stope performances against designs. It is critical to review both technical and operational drill & blast aspects, identify issues and provide recommendations however it's more better to implement the recommendations to see improvements in the stope recovery. Below is a detailed stope drill and blast review I did and the summary and recommendations provided. Simple things that add up to an overall stope performance. ________________________________________________________________________ SUMMARY: • From the reviews done so far there is minimal to no issues identified in the technical design perspective in terms of drill and blast design parameters. • Void ratio was tight with 0.955 against site specific 0.95 after applying 30% swell factor. • From the LPU data, 5 slot holes were significantly undercharged. Prep returns & Simba cleanout plods show that these holes were prepped. There is possibility of slot bridge or significant slot underbreak expected as we do not have a breakthrough void yet at this stage. • Logger data and charge returns show that the correct number of dets were charged with correct delays assigned and correct number of primers charged as per the plan. There is no return to show that the primers were staggered as per the charge plan. • Total of 15.7t emulsion used. 14.8t emulsion charged into blast holes against a design of 14.2t. RECOMMENDATIONS: 1. D&B Engineers to check new void ratio using the CMS after undercuts taken to see if the downhole shot will be accommodated by the usable voids available. 2. D&B Engineers to notify slot location and the slot holes to the charge crews and stick to the approved charge plan. 3. Charge crews must be aware of how critical the slot is and notify engineers of any issues confronted during charging and assigning delays to the slot holes. This also includes other blast holes. 4. D&B Engineers to check LPU Data to make sure charging was done according to the charge plan issued. 5. LPU Operator to use LPU Hole ID same as Design Hole ID during charging to make it easier to compare ascharged LPU data against design data. 6. Shots greater than 20m height to be left for at least 3 hours (3hrs to confirm?) after charging to allow gasing of emulsion to the designed uncharged collars. 7. D&B Engineers to maintain reviewing of prep returns prior to finalizing charge plans.

Source: Credit to Erick Karl

Corporate at ZVENIA 24/07/2025

Reducing Mining Cost and Optimizing Value (38 Pages)

Opening a new mine or expanding an existing operation can be a challenging and daunting task. Aside from assessing and evaluating social-environmental concerns and designing the mining and material movement approach, the first question often asked is, "how much will it cost us to mine?" This may need to be determined even before you decide that there is a potential project. Mine cost estimation may be done at many levels. At first it may be a simple “back of the envelope” estimation using similar operations to benchmark against. Later it may be decided to use an existing mine that the company owns and factor and compare costs against them. In the final stages a detailed bottom-up estimation based on first principles may be completed. This paper will investigate common methodologies of estimating operating costs for mines and present examples from actual operations and why those methods were selected. It will highlight why some methods are superior to others. Finally, we will explore the potential pit falls in cost estimation that often occur and the opportunities that may exist to lower mine costs.

Source: Credit to: Gary Poxleitner - SRK Consulting

Corporate at ZVENIA 25/06/2025

Report on Improving the Quality of Blasting in Surface Mines

**Introduction** Blasting is an essential operation in surface mining that impacts productivity, safety, and environmental factors. To improve the quality of blasting, it is important to focus on optimizing design, minimizing adverse effects, and ensuring safety. This report outlines key strategies for enhancing blasting efficiency and effectiveness in surface mines. **Key Areas for Improvement** 1. **Blast Design Optimization** - **Hole Layout and Spacing**: Properly spacing and designing blast holes ensures optimal fragmentation and avoids inefficient or dangerous outcomes. This can be achieved by tailoring the blast design to the rock type and the mining objectives. - **Explosive Type and Quantity**: Using the right type of explosives and correct charge amounts helps to achieve the desired rock breakage while controlling costs and minimizing environmental impact. - **Timing and Detonation**: Employing advanced delay and electronic detonators can control the blast energy distribution, improving fragmentation and reducing unwanted side effects like excessive vibration. 2. **Fragmentation Control** - **Achieving Optimal Fragment Size**: Ensuring that the fragmentation is neither too fine nor too coarse enhances downstream processing, like crushing, and reduces operational costs. - **Real-time Monitoring**: Using tools like drones or laser scanners to measure blast outcomes helps fine-tune future designs and achieve better fragmentation consistency. 3. **Vibration and Environmental Control** - **Vibration Monitoring**: Installing seismographs to monitor ground vibrations ensures that they remain within safe limits, preventing damage to infrastructure and minimizing disturbances. - **Dust and Flyrock Mitigation**: Using dust suppressants, blast mats, or other containment measures helps to minimize environmental and safety risks associated with flyrock and airborne particles. 4. **Safety and Training** - **Employee Training**: Continuous training on safety protocols, proper blast design, and the use of new technologies ensures a safer and more efficient operation. - **Clear Communication and PPE**: Ensuring workers are equipped with the proper protective equipment and have clear communication regarding blast schedules is crucial for minimizing accidents. **Conclusion** Improving blasting quality in surface mines requires optimizing blast design, using advanced technologies, and focusing on safety and environmental considerations. By integrating better blast design practices, real-time monitoring, and effective mitigation techniques, mines can enhance productivity, reduce costs, and ensure a safer working environment. Regular training and feedback loops are key to ongoing improvements in blasting operations.

Source: Credit to Mohammed Ali Hakami

Report on Improving the Quality of Blasting in Surface Mines

Corporate at ZVENIA 03/07/2025

Before we move on to 2D estimation

Before we move on to 2D estimation, one important step is to understand the behavior of thickness, grade, and accumulation. Do they exhibit spatial correlation? One way to assess this is by comparing them using a swath plot. Below is a swath plot we generated using Spyder (Python), which I’ll be sharing in my class this August. Looking at this figure — what are your thoughts? Do you see a correlation between the variables? Do you think applying 2D estimation is necessary?

Source: Credit to Tatsky Reza Setiawan

Corporate at ZVENIA 07/07/2025

Volúmenes Aparentes

Hoy quiero hablar de un concepto fundamental que impacta directamente en la planificación, costes y ejecución de nuestros proyectos: los Volúmenes Aparentes. Sabemos que 1 m³ de material in situ (en su estado natural) rara vez ocupa el mismo volumen una vez excavado, transportado o compactado. ¡Comprender estas variaciones es crucial! Tomando como base 1.0 el volumen del material in situ: 1️⃣ EXCAVACIÓN / VOLADURA: Tierras: Al excavar, el suelo se suelta y sufre un esponjamiento. Su volumen aumenta, pasando de 1.0 a aproximadamente 1.20 - 1.30. Roca (Canteras): Tras la voladura, la fragmentación es mayor. El volumen puede incrementarse significativamente, ¡llegando a 2.0 respecto al banco original! 2️⃣ CARGA Y TRANSPORTE: El material mantiene o incluso ajusta ligeramente su volumen esponjado. Tierras cargadas/transportadas: Se mantienen en el rango de 1.20 - 1.30. Roca volada cargada/transportada: El volumen puede ser de 1.25 - 1.50 (ya algo asentada respecto al momento justo post-voladura). 3️⃣ PROCESOS FINALES: RELLENOS Y COMPACTACIÓN (Tierras): Vertida (Rellenos sin compactar): Al descargar, el material se asienta un poco, situándose en 1.10 - 1.20. Pisada/Pre-compactada: Un primer paso de compactación lo lleva a 1.0 - 1.10. Compactada: Con la maquinaria adecuada, buscamos reducir vacíos y aumentar la densidad. El volumen final puede ser 0.95 - 1.0, ¡incluso ligeramente inferior al original si la compactación es muy eficiente! CHANCADO/TRITURACIÓN (Rocas): Chancado Primario: La roca procesada aún presenta un volumen superior al original en banco, alrededor de 1.30 - 1.40. Trituración (Fina): El producto final triturado sigue teniendo un volumen aparente mayor al in-situ, típicamente 1.20 - 1.30. ¿Por qué es vital este conocimiento? 📊 Cálculo de volúmenes: Para saber cuántos viajes de camión se necesitan. 💰 Estimación de costes: Afecta directamente los costes de excavación, transporte y disposición. 🛠️ Selección de maquinaria: El volumen real a manejar influye en la capacidad de los equipos. 📈 Planificación de obra: Optimiza los espacios de acopio y la secuencia de trabajos. Conocer y aplicar correctamente los factores de esponjamiento y compactación es un pilar para el éxito y la rentabilidad de nuestros proyectos.

Source: Credit to Ricardo Espinoza Segura

Corporate at ZVENIA 03/07/2025

Periodic Table of Mining Careers

Love this Periodic Table of Mining Careers - shows the diverse opportunities available to those that pursue a career in mining. Once again, we are proud to have our Next Generation Student program at Resourcing Tomorrow. If you are a student and would like to attend on a complimentary basis, or are a lecturer on course that has a relationship to mining (earth sciences, engineering, physical sciences, computer sciences, health & safety, finance, environment, social impact etc etc) please drop me a message or see the link below for more details https://resourcingtomorrow.com/nextgen

Source: Credit to Andrew Thake

Corporate at ZVENIA 25/06/2025

What is a Deep Mine?

Source: Credit to Nathan Crockett

Corporate at ZVENIA 17/05/2025

Pit Limits (10 pages)

En esta oportunidad quiero compartir un capítulo importante del libro Open Pit Mine Planning and Design de W. Hustrulid, M. Kuchta y R. Martin. Los límites del pit definen la extensión máxima económicamente viable de un tajo abierto, considerando el material explotable como los bloques dentro del pit con valor económico positivo (mineral), las restricciones físicas y técnicas que involucran el balance entre costos y beneficios. Para determinar estos límites se utilizan métodos que evalúan la rentabilidad y factibilidad geotécnica de la extracción. El método del cono flotante es una técnica geométrica aplicada en secciones bidimensionales para definir un pit mínimo rentable. Consiste en una figura en forma de cono que “flota” o se desplaza sobre las filas de bloques del modelo, identificando y removiendo bloques con valor positivo que pueden ser minados sin comprometer la rentabilidad. Este proceso se realiza de manera iterativa, recorriendo filas y eliminando bloques hasta que no se pueda extraer más material rentable dentro de la geometría definida. El cono flotante es útil para delimitar un pit inicial y estimar el stripping ratio y la rentabilidad local. Sin embargo, este método tiene limitaciones en cuanto a la optimización global, pues puede perder combinaciones rentables o extender el tajo más allá de su límite óptimo. Para superar las limitaciones del cono flotante, se utiliza el algoritmo de Lerchs & Grossmann (LG), basado en programación dinámica para encontrar el pit abierto óptimo considerando todas las combinaciones de bloques. Este método tiene sus variaciones 2D, 2.5D o 3D, y evalúa un conjunto de bloques con sus valores económicos y restricciones geotécnicas (como ángulos de pendiente y acceso). El algoritmo LG 3D construye un grafo dirigido donde los nodos representan bloques y las aristas las relaciones de extracción, es decir, que un bloque superior debe extraerse antes que uno inferior. Así, se busca el cierre máximo o el conjunto de bloques que maximiza el valor neto total, respetando las condiciones de accesibilidad y estabilidad del pit. Este cierre óptimo representa el límite económico y físico del tajo abierto, garantizando el máximo beneficio neto para la explotación minera. Actualmente, el algoritmo Lerchs & Grossmann en su versión 3D es el método estándar y el que utilizan la mayoría de los softwares mineros comerciales para el diseño y optimización de límites de pit abiertos, gracias a su capacidad para manejar grandes modelos de bloques y aplicar restricciones complejas de forma eficiente.

Source: Credit to Dalma Guerrero

Corporate at ZVENIA 16/06/2025

Do you work in the Drill & Blame department?

For so many drill and blast professionals, its not the "Drill & Blast" department but rather the "Drill & Blame" department. Where "no news is good news". If there is poor dig or other issues you have half the minesite pointing fingers and making noise. When the blast works well its crickets, while patting the production team on the back for nailing dig productivity. A shoutout for the career professionals that stick with it, that are passionate about D&B and know how much goes into getting it right. And praise to the managers who recognise the importance of good D&B; ensuring their D&B professionals are enabled to success, while being recognised for the good blasts and learning from those that need improvement. What have you seen work well to fix the blame culture, to retain our good people and achieve great D&B ?

Source: Credit to Mark Killip

Do you work in the Drill & Blame department?

Corporate at ZVENIA 17/05/2025

Stop Blaming the Data

Mining Needs Cultures where Truth Survives In mining, data is everywhere - from fleet telemetry and drill logs to processing plant outputs and tailings dam monitoring. Yet as digital or analytics projects progress, the tipping point often is reached when insights from data do not match with expectations or even prove former decisions wrong. The blame then often falls on the data: "It's incomplete", "It's not ready", "It's biased!". While those critiques may carry some weight - especially at the beginning, when iteration is a mandatory part of the process - the real problem often runs deeper: A culture that rewards comfort over confrontation and hierarchy over honesty. Mines accumulate data at industrial scale, but need to master the challenge to achieve a coherent framework to interpret or act on it - across all organisational levels. This framework or governance should be purely mining driven. It is about mining correlations, process dependencies and business rules. To a large extent findings will confirm assumptions and established practices, but there will be also uncomfortable truths. However, dealing with those truths with comfort (and without filtering them out) is neither a data nor a mining problem. It is about an inclusive and hands-on environment - in short, it is about culture and what creates culture: the people. Beyond the need for mining experts to interpret and connect data, it is essential to involve those directly impacted by the digitalization initiative. Their input is valuable not only for interpreting data related to their specific process steps, but also for engaging them in the journey and fostering transparency about how digitalization might affect their individual roles. Without clear communication and context, many people understandably worry about worst-case scenarios - chief among them, the fear that digitalization will eliminate their jobs. While job displacement may occur in isolated cases, the broader reality is that digitalization often enhances roles: it supports better decision-making, reduces the burden of documentation and enables employees to focus more on meaningful aspects of their work, sometimes even allowing roles to evolve in positive new directions. The significant part of successful digitalization is people-centric (culture!): Actively involving employees in the process and clarifying the range of possible outcomes! Core of this journey is basic groundwork through one-on-one conversations, regular discussions and ongoing engagement beyond. This is not a trivial task, nor is it realistic to expect already fully loaded lead engineers or managers to take it on in addition to their existing responsibilities. These discussions require substance to be meaningful (and not to turn into being counter-productive), with a clear and thoughtful preparation. Typically, this calls for dedicated resources - individuals who can bridge the worlds of mining, IT and human factors - to ensure digitalization in mining is both effective and embraced by all stakeholders. Mining is complex and unforgiving. To thrive, mining companies need more than numbers - they need cultures that can confront reality. That means engagement and empowering technical teams to ask hard questions. It means rewarding those who challenge assumptions with evidence from data. And it means building processes where inconvenient truths aren’t buried but investigated. Only then digitalization and analytics can serve what they’re meant to: clarity, not consensus. Stefan Ebert, Digital Mining Technologist

Source: Credit to Stefan Ebert

Corporate at ZVENIA 28/05/2025

Mine Design Highlights (138 Pages)

✅️ How to create Geological ✅️ Database in surpac ✅️ Create Section and Digitize ✅️ Orebody Solid Modeling ✅️ Geostatistics and Variogram ✅️ Block Modeling and Resource Estimation ✅️ Pit Design and Waste Dump Design operations using advanced tools.

Source: Credit to Snehamoy Chatterjee

Corporate at ZVENIA 28/05/2025

¿Te interesa optimizar la gestión en proyectos de construcción? (77 Pages)

Source: Credit to Mouffouk Badreddine

Corporate at ZVENIA 28/05/2025

Mastering the Soft Skills of Leadership (23 Pages)

Leadership is a combination of hard and soft skills. Hard skills focus on the specific tasks of leadership, such as finances, strategic planning, project management, and sermon preparation. These technical skills help you fulfill responsibilities that are unique to the role. But leadership also encompasses soft skills. The soft skills of leadership focus on people, teams, and the qualities that build enduring influence. Soft skills are transferrable from one job to the next and are essential regardless of the context. This edition of Make it Count explores 10 soft skills of leadership and considers ways to master each.

Source: Credit to Stephen Blandino

Corporate at ZVENIA 09/06/2025

30 Leadership KPI's

If you can’t track it— You can’t lead it: Leadership isn’t about being busy. It’s about being effective. But without the right numbers, you’re managing in the dark. Here’s what happens when you don’t measure: • Goals get misaligned • Progress slows down • Talent gets overlooked • Problems go unnoticed • Decisions lose direction Strong leadership isn’t reactive. It’s informed. It’s deliberate. It’s based on what the data tells you— not what you hope is true. It's using the right metrics to answer hard questions: → Are people engaged—or pulling back? → Are we learning—or just repeating? → Are we working on the right things? → Are we growing—or just surviving? → Are we moving fast enough? Great leaders don’t wait until the end of the quarter to find out something went wrong. They see the signals early, Because the numbers show them where to look. Leaders who measure what matters— Lead what matters.

Source: Credit to Justin Mecham

Corporate at ZVENIA 23/05/2025

The Critical Connection Between Files – Structure, Errors, and Control

We continue with the series: 💎 "Foundations of a Reliable Geological Database" 📍 Post 3: The Critical Connection Between Files – Structure, Errors, and Control. In mineral exploration, we talk about grades, models, and estimations… but all of that begins with a well-structured geological database. A reliable database is not just a tidy spreadsheet — it's a system of interconnected files, where each part contributes essential geological context. 📁 The 4 Essential Files °Collar: 🔍 Possible errors: coordinates outside the grid, incorrect elevations, out-of-range values. ✅ Control: topographic validation, standard formatting. °Survey: 🔍 Common errors: reversed paths, dips >90° incorrectly recorded, paths not starting from the collar. ✅ Control: logical and geometric consistency, dip/azimuth range, review with 3D viewers. 🧪Assays: Chemical analysis data by interval (from/to and grades). 🔍 Frequent errors: overlapping intervals, gaps, duplicate grades, incorrect units. ✅ Control: continuity checks, positive limits, duplicates, unit conversions. °Lithology: 🔍 Typical errors: inconsistent names, intervals not closing properly, overlapping data. ✅ Control: use of a code dictionary, geologist review, QA/QC validation. ➡️ What connects them? 🔏 Hole_ID is the primary relational key—the unique identifier that links each file. 🗝️ Without this clear relationship, data integrity is lost and the model becomes unreliable. 💣 Common error: records with Hole_IDs not found in the collar, duplicates, or inconsistencies across tables. 🚦 How to maintain integrity? ✔️ Implement automatic cross-table validations ✔️ Standardize nomenclature (e.g., “LIT01” ≠ “LITO01”) ✔️ Use scripts to detect overlaps and structural issues ✔️ Ensure traceability with formal QA/QC (change logs, approvals, versioning) ✔️ Educate the team on each file’s role and associated risks 📌 In Summary 📂 Each file is like a layer of information that, when properly aligned, builds the full geological story. ❕ But if just one layer is misplaced or misclassified, the entire model can fail. 🛠️ Inter-file integrity isn’t just a technical issue—it’s a critical practice to avoid multi-million-dollar mistakes.

Source: Credit to Nalleli Ortega

The Critical Connection Between Files – Structure, Errors, and Control

Corporate at ZVENIA 20/05/2025

Mining Industry as a % of Global Equities

The recent resilience in mining stocks has been remarkable. Keep in mind that the mining sector still represents just a small share of the global economy, but that’s probably about to change. Both investors and policymakers are beginning to recognize the strategic importance of these companies in a world where hard assets are more essential than ever. It’s time to revitalize a legacy industry.

Source: Credit to Otavio (Tavi) Costa, Statista

Mining Industry as a % of Global Equities

Corporate at ZVENIA 28/05/2025

Guía de primeros auxilios (132 Pages)

Las situaciones que pueden comprometer la integridad física de las personas, pueden suceder en cualquier momento y en cualquier lugar. La primera intervención realizada para atender estas situaciones, pueden influir de manera decisiva en mejorar la situación de la persona o personas afectadas Los primeros auxilios son un conjunto de medidas iniciales que se aplican ante una enfermedad o lesión, antes de la llegada de servicios médicos profesionales. La Organización Mundial de la Salud (OMS) subraya que la formación en primeros auxilios no solo salva vidas, sino que también contribuye a reducir el número de incapacidades y discapacidades permanentes en el lugar de trabajo Por esto es necesario que la ciudadanía en general y las empresas conozcan cómo actuar en las situaciones de urgencias más frecuentes y además sepa contactar con los servicios de emergencias Por lo que la correcta aplicación de primeros auxilios puede ser crucial en situaciones de emergencia, sin embargo muchas empresas no se encuentran preparadas para responder adecuadamente. Esta falta de preparación no solo pone en riesgo la salud de los empleados, sino que también puede acarrear implicaciones legales para la empresa. Al respecto adjunto la “Guía de Primeros Auxilios” de Empresas Públicas de Emergencias Sanitarias de España 🇪🇸 Con el objetivo de trasladar conocimientos, de una manera sencilla, haciendo una descripción de las situaciones más frecuentes que se puede encontrar cualquier persona y destacando qué medidas se deben realizar y cuáles no deben hacerse, ya que podrían empeorar la situación. Incluye cómo se debe actuar en situaciones en las que nos podemos ver inmersos como las que ocurren en un entorno inseguro, provocadas por grupos violentos activos. Por lo que la importancia de los primeros auxilios en las empresas es indiscutible. La formación en esta área no solo salva vidas, sino que también reduce los costos asociados a accidentes, promueve una cultura de seguridad y asegura el cumplimiento de la legislación vigente. A medida que las empresas continúan enfrentando desafíos en materia de seguridad y salud, invertir en la capacitación en primeros auxilios debe ser una prioridad estratégica. Al hacerlo, no solo están protegiendo a sus empleados, sino que también están invirtiendo en su propio futuro. Buena lectura !!! Source : Percy Raul Mesias Urday

Source: Credits to Empresa Pública de Emergencias Sanitarias ES & Percy Raul Mesias Urday

Corporate at ZVENIA 09/06/2025

Types of Ground Support Systems in Mining

How We Protect Tunnels and Mines 1-Rock Bolts Steel rods inserted into the rock to bind layers together and prevent separation. 2-Wire Mesh Used with rock bolts to hold small rock fragments and prevent falls. 3-Shotcrete A thin layer of sprayed concrete applied to tunnel walls to strengthen and stabilize them. 4-Steel Sets / Arches Used in areas with weak rock or high stresses to provide strong support. 5-Hydraulic Props Adjustable columns used to temporarily support the roof during operations 🛡️ Why Ground Support Matters: - Protects workers and equipment - Prevents tunnel collapses and production stoppages - Reduces accidents and repair costs Choosing the right support type depends on careful assessment of rock conditions, stress levels, and mine environment. Proper ground support design is essential for the success and sustainability of underground mining.

Source: Credit to Khaled Masoud

Types of Ground Support Systems in Mining

Corporate at ZVENIA 16/06/2025

The $25M lesson that changed how I approach fleet strategy

We were advancing a feasibility with a vision for a full BEV underground fleet, a true "mine of the future". 90 pieces of gear designed to deliver on ESG, innovation, and long-term value. It was a model case of progressive mine design - but that commitment came with a trade-off. BEVs cost 20-30% more upfront than diesel, and capital was tight - so we took a step back: Trucks and LHDs? High utilization, clear productivity gains - BEVs made sense Drills and support vehicles? Often stationary. Low engine hours. Easy access to power - the business case wasn't there. We proposed a hybrid fleet - BEV where it moved the needle, diesel where it didn't. The result? It saved $25M in upfront capital. The takeaway: Sometimes the future is built in phases, not leaps. Effective fleet strategy balances ambition with practicality - aligning with the levers that matter most. We didn't abandon the future. We made it achievable. How are you approaching major tech shifts in your mine plans?

Daily Management System (DMS) or in Japanese Asakai is a structured approach to managing day-to-day operations that focuses on continuous improvement and loss (muda) reduction. Definition of DMS/Asakai : A Daily Management System is a set of practices and tools that enable companies to: 1️⃣ Monitor performance daily 2️⃣ Identify areas for improvement 3️⃣ Take corrective actions quickly 4️⃣ Align KPI’s w/ operational execution 5️⃣ Standardize management processes 6️⃣ Establish standard work 7️⃣ Foster a culture of continuous improvement DMS/Asakai is typically executed through a tiered structure: ➡️ Tier 1 (Team Level): - Daily huddles (5-15 minutes) at the start of each shift - Review of key performance indicators (KPIs) - Discussion of issues and quick problem-solving ➡️ Tier 2 (Supervisory Level): - Daily meetings (15-30 minutes) with team leaders - Review of escalated issues from Tier 1 - Coordination of cross-functional problem-solving ➡️ Tier 3 (Management Level): - Daily meetings (30-45 minutes) with supervisors and managers - Review overall performance and strategic alignment - DMS/Asakai Actions follow up - Review and decision making for escalated issues from Tier 1-2 - Resource allocation and improvement initiatives follow up Key components ✅ Visual management boards displaying KPIs and action items ✅ Standard work for leaders at each level ✅ Gemba walks to observe processes and identify improvement opportunities ✅ Problem-solving methodologies (Root Cause Analysis) ✅ Escalation processes for unresolved issues How DMS/Asakai helps ☑️ Enhances equipment reliability by quickly identifying and addressing maintenance issues ☑️ Improves overall equipment effectiveness (OEE) through daily monitoring and rapid problem-solving ☑️ Reduces unplanned downtime by promoting proactive maintenance ☑️ Increases employee engagement and ownership in continuous improvement efforts ☑️ Aligns daily activities with strategic goals, ensuring focus on critical areas ☑️ Facilitates knowledge sharing and best practice adoption across the organization ☑️ Promotes a culture of accountability and data-driven decision-making By implementing a robust Daily Management System, companies can sustain their performance, driving operational excellence and continuous improvement throughout the enterprise. *Below dash is just an example, details/content may vary based on company metrics/strategic priorities.

Source: Credit to Alper Ozel

Corporate at ZVENIA 17/05/2025

Regadío segmentado en las rampas

La importancia de un regadío segmentado en las rampas. Nos permite tener control para el frenado de los caex y a la vez nos ayuda a controlar la polución. Desde la instrucción de nuestros operadores hasta la ejecución en terreno, necesitamos ser consistentes en lo que hablamos y en lo que hacemos, siempre enfocados en generar las mejores condiciones en seguridad para operar y lograr nuestras metas. Confirmar nuestros procesos es clave para generar una cultura de mejoramiento continuo, vamos por más, siempre más.

There’s nothing prouder for a planner than watching the result come together after months of designing, planning, and coordination. During my time as a Mine Planning Engineer at an open-pit gold mine in Indonesia, I was responsible for planning and coordinating operations in an extremely challenging environment, where geothermal activity caused hot groundwater to emerge from the pit floor and walls, with temperatures reaching up to 95°C. My role involved not only short-term mine planning but also daily collaboration with multiple departments, including Geotechnical, Drill & Blast, Mine Geology, Dewatering, and Operations, to ensure the safe and effective execution of the plan. Close supervision and coordination were essential, especially during pre-start meetings where we reviewed safety concerns, progress updates, and real-time adjustments based on site conditions. One critical factor in open-pit mine planning is the sump sequence, especially in high-rainfall areas like Indonesia. With wet season rainfall reaching up to 400 mm/month and geothermal inflows adding as much as 3,800 m³/hour of hot water, a poor sump plan can quickly turn into operational chaos. Limited space at the pit bottom and ramp constraints mean sump locations must align with long-term mine designs, not just weekly production plans. Misaligned sump sequencing doesn’t just pose safety risks, it can also directly reduce ore recovery below target. These challenges highlight why mine planners must think both strategically and tactically. Strategic thinking helps define the long-term direction, such as production goals, infrastructure layout, and overall pit design. At the same time, tactical decisions, like interim design, sump positioning, digging direction, ramp access, and day-to-day coordination, ensure those long-term plans stay on track under real-world conditions. We must understand “Where are we going?” while also knowing “How do we get there today?” At the end of the day, Strategic and Tactical are not separate mindsets in Mine Planning, they are inseparable. I’m truly grateful for the experience, the chance to be mentored by senior engineers and to work alongside a skilled, professional team. Every project teaches something new, and I’m looking forward to the next challenge.

Source: Credit to Braien Majore

Corporate at ZVENIA 17/05/2025

What's Blanks? And what are the role of it in QA & QC?

Blank samples comprise reference material with a grade less than the detection limit or should be close to zero, blanks are usually composed of material such as quartz, limestone, granites or basalt or any materials which ensured have grades lower than detection limit. Blanks are very useful in testing samples laboratory preparation and controlling contamination effect, usually it's inserted into sample batch after mineralised samples or main mineralised zones. There are most common two scenarios: * if it was inserted after the meniralised zones and its results recording assays, it should be reviewed the laboratory preparation and the cleanliness. * When it was inserted into expected low grade samples and its results recording high assays, it has been swapped during samples preparation and we can ensure that from our geological logging. It's common that blanks have some assays but it must be very close to the detection limits or until (10) times of it will be acceptable.

Source: Credit to Mostafa Ibrahim

What's Blanks? And what are the role of it in QA & QC?

Corporate at ZVENIA 29/04/2025

PLANIFICACIÓN, PROGRAMACIÓN Y COSTOS DEL MANTENIMIENTO (5 pages)

El mantenimiento reactivo y el mantenimiento proactivo, no son tipos de mantenimiento. Entonces ¿Que son? En el siguiente artículo podrás encontrar la respuesta. El artículo es tomado de mi libro "PLANIFICACIÓN, PROGRAMACIÓN Y COSTOS DEL MANTENIMIENTO" que podrás adquirir en: https://www.bookdelivery.com/fr-en/books/search?q=Jos%C3%A9+Contreras+M%C3%A1rquez

Source: Credit to José Contreras Márquez

Corporate at ZVENIA 27/04/2025

Blasting: Understanding Post Blast Fumes

When dealing with post-blast scenarios, it's crucial to be aware of the potential dangers from the blast fumes generate. Here's a breakdown of the key components: - **Carbon Monoxide (CO):** A silent threat, this colorless, odorless gas can lead to severe symptoms like headaches, dizziness, and in extreme cases, unconsciousness or even death. Particularly hazardous in underground settings. - **Nitrous Oxides (NOX):** Sporting a reddish-brown hue, these compounds can trigger irritation and discomfort. Even small doses inhaled amidst blasting activities can prove fatal. - **Carbon Dioxide (CO2):** This odorless byproduct arises from burning carbon and organic substances, as well as respiration. Explosives inevitably generate CO and CO2, especially those containing organic carbon. - **Ammonia (NH3):** With its pungent smell, ammonia has the potential to irritate the skin, eyes, nose, throat, and lungs upon exposure. - The explosive's "oxygen balance" plays a pivotal role in determining the nature and volume of fumes produced. While an oxygen surplus typically yields nitrogen oxides, an oxygen deficit can result in the formation of toxic carbon monoxide. - Improperly primed explosives, water-damaged charges, or those below the critical diameter threshold can also give rise to toxic fumes. - Post-blast safety tip: Always allow ample time for fumes to dissipate before inspecting the area after blasting. Remember, each kilogram of explosives translates to a staggering 1000 liters of potentially hazardous fumes. Stay vigilant and prioritize safety in every blasting operation. 👍 Pic: Example Post Blast fumes in Underground and Open Pit Mining

Source: Credit to Adrian Joe Gereg

Blasting: Understanding Post Blast Fumes

Corporate at ZVENIA 28/04/2025

The Art of Search Ellipsoids

Are you letting a few degrees bias your resource estimate? You already know that even a slight misalignment of your search ellipsoid can cause a block to be classified either above or below the cut-off grade, exceeding the confidence band. The search ellipsoid is like our invisible Midas hand that determines which samples influence each block's grade. Its properties fundamentally shape our resource models, yet their optimization often doesn't receive the attention it deserves. To determine its parameters, we primarily use variogram analysis and our geological understanding of the deposit. Let's break down the main critical search ellipsoid properties: ➔ Ellipsoid Radii: These define how far we search for samples in each direction. Ideally, they should align with variogram ranges that capture the spatial continuity of mineralization. ➔ Axis Orientation: The major axis should follow the direction of maximum continuity (typically along strike), with semi-major and minor axes oriented along dip and across the structure. ➔ Sector Division: Dividing the ellipsoid into sectors (octants or quadrants) ensures spatial representativity of samples. ➔ Min/Max Points Per Sector: These parameters balance between having enough data for statistical strength while preventing clustering bias. Using a globally-oriented search ellipsoid when estimating a folded and complex structure almost guarantees error. Instead, consider Dynamic anisotropy to locally adjust your ellipsoid orientation block by block, ensuring it follows the mineralization's true path. As we can adjust the dynamism of our search ellipsoid block by block, I think we should also able to adjust the it's dimension lengths according to the geological zones of our deposit. For instance; in some cases 25 m radii can give the same trust with 50 m radii according to the different zones in our deposit. Common errors I've encountered in projects ➔ Search ellipsoids that ignore geological controls ➔ Over-reliance on default software parameters ➔ Not testing multiple ellipsoid configurations ➔ Using the same ellipsoid dimensions across different domains Dear Colleagues, What search ellipsoid challenges have you faced? Have you tried dynamic Anisotropy ? What parameter selection approaches work best in your experience ? Perhaps, instead of the traditional block modelling approach where we deterministically assign a grade value at the centre of each block, a different methodology could be developed instead of block modelling ? ML algorithms have already started to be applied to block modelling. Even if we continue to use the block modelling concept, could we consider replacing the conventional search ellipsoid which serves as our resource estimation tool with dynamically shaped volumetric shapes that adapt the geometry of data ? Tunc Ozbek, MSc Mining Engineer. https://www.linkedin.com/in/tunc-ozbek-123603128/

Source: Credit to Tunc Ozbek

Corporate at ZVENIA 17/05/2025

Índice de Intensidad de Mantenimiento

El KPI olvidado que podría transformar la estrategia de mantenimiento: IM (Índice de Intensidad de Mantenimiento) Dentro de mis años de experiencia sólo una vez escuché sobre este indicador y no precisamente estaba dentro de las métricas de medición de la compañía. En la industria hablamos constantemente de MTBF, MTTR, backlog o disponibilidad. Son indicadores esenciales en mantenimiento, sin duda. Pero hay uno que suele quedar en la sombra y que, bien interpretado, puede revelar verdades profundas sobre nuestra gestión: el Índice de Intensidad de Mantenimiento (IM). ¿Qué es el IM? El IM se calcula como: IM = Horas de mantenimiento / Horas de operación Este indicador refleja cuánto esfuerzo real en mantenimiento (en horas-hombre o de máquina) requiere un activo para mantenerse operativo. Es decir, cuánta "intensidad" debemos aplicar para que el sistema funcione. ¿Por qué es tan valioso? Hace visible lo invisible: Muchos equipos parecen confiables porque no fallan, pero requieren constantes ajustes, limpiezas, calibraciones o intervenciones menores. El IM captura ese esfuerzo que no siempre se refleja en las fallas. Detecta desgaste encubierto: Si un activo aumenta su IM sin fallar más, probablemente está envejeciendo o está siendo sobrecargado silenciosamente. Permite comparaciones más justas: No basta con saber si algo falla o no. Dos líneas de producción pueden tener el mismo MTBF, pero una requiere el doble de horas de mantenimiento. ¿Cuál es más eficiente realmente? ¿Por qué casi nadie lo usa? Porque exige registros detallados y sistemáticos de horas de mantenimiento, algo que no todas las empresas hacen bien. Porque no es glamoroso ni fácil de interpretar si no se contextualiza. Porque aún priorizamos la reacción por sobre la comprensión estructural de los activos. A lo que quiero llegar es que el IM no reemplaza a los grandes KPIs, pero los puede complementar con una mirada crítica y estructural. En un entorno donde buscamos eficiencia, sostenibilidad y optimización, no podemos darnos el lujo de ignorar cuánta intensidad estamos aplicando para mantener nuestro sistema en marcha. Quizás es hora de poner este KPI olvidado en el centro de la conversación. Los escucho.

Source: Credit to Jimmy José J.

Corporate at ZVENIA 01/05/2025

Segurança no Desmonte de Rocha com Explosivos

O uso de explosivos em operações de desmonte de rocha é essencial para diversos setores, como mineração, construção civil e obras de infraestrutura. No entanto, essa prática envolve riscos elevados e exige rigor absoluto na aplicação das normas de segurança. 🔒 Segurança não é opcional — é prioridade. Acidentes envolvendo explosivos podem resultar em perdas humanas, danos ao meio ambiente e grandes prejuízos financeiros. Por isso, investir em boas práticas de manuseio, armazenamento e aplicação é indispensável. 💡 Boas Práticas para Aumentar a Segurança nas operações de Desmonte com Explosivos: 1. Planejamento e Projeto do Desmonte Elaborar um plano de fogo detalhado, considerando a geologia, geometria da bancada e proximidade de estruturas. Realizar estudos prévios de vibração e confinamento, especialmente em áreas sensíveis ou próximas a comunidades. Dimensionar adequadamente os furos, a carga máxima por espera e os espaçamentos, para evitar sobre pressões e projeções perigosas. 2. Transporte e Armazenamento de Explosivos Seguir as normas do Exército Brasileiro (DFPC) para o transporte (escolta, veículos adequados, documentação). Armazenar os explosivos em paiol autorizado, com controle de temperatura, ventilação e segurança física. Manter inventário rigoroso e registros atualizados de entrada, saída e uso dos explosivos. 3. Preparação dos Furos Evitar contaminação com água, verificando o tipo de explosivo adequado (ex: emulsões resistentes à água). Inspecionar furos antes do carregamento, verificando obstruções, colapsos ou instabilidades. Carregar os explosivos com pessoal qualificado, usando ferramentas antiestáticas e EPI adequados. 4. Iniciação e Detonação Estabelecer zonas de segurança e evacuação, com sinalização e barreiras físicas. Fazer testes de continuidade e resistência elétrica dos sistemas de iniciação antes da detonação. Garantir comunicação clara e comando único durante o processo de iniciação. Utilizar sistemas de iniciação confiáveis, como detonadores eletrônicos em desmontes sensíveis. 5. Pós-desmonte Realizar varredura completa para detecção de explosivos não detonados. Avaliar os resultados do desmonte (fragmentação, projeções, vibração) para ajustar planos futuros. Registrar e analisar ocorrências e quase-acidentes, promovendo a melhoria contínua. 6. Capacitação e Cultura de Segurança Capacitar periodicamente os trabalhadores conforme NR-19 e regulamentações do Exército. Reforçar a cultura de segurança e comunicação proativa, incentivando o relato de riscos e falhas. Simular situações de emergência regularmente, garantindo preparo em caso de incidentes. 📌 Conclusão: Promover a cultura da segurança nas operações de desmonte com explosivos não é apenas uma exigência legal, é uma responsabilidade coletiva. O cuidado com cada etapa do processo, desde o planejamento até a execução, é o que garante a proteção das pessoas, do patrimônio e do meio ambiente.

Source: Credit to Isaac Borges

Segurança no Desmonte de Rocha com Explosivos

Corporate at ZVENIA 07/05/2025

The Role of Product Selection in Blasting: Optimising Energy Delivery and Resulting Performance (8 pages)

Many leaders struggle with coaching their people “in the moment” fearing their team members will perceive that they’re being micromanaged, hovered over, or their boss is trying to catch them doing something wrong. Leaders don't always see the fine line that exists between "micromanaging" a team member or "working with and helping" one. The ability of a leader to coach their people "in the moment" is not only a desirable trait; today more than ever, it's an essential way to effectively lead a team. What we've learned is that newer generations, now populating the workforce, prefer being coached in real time, rather than having to wait for a one-on-one session or a once-a-year, staged performance review with their manager. Coaching in the moment involves providing immediate feedback, guidance, and support to team members as situations arise. The importance of this real-time coaching can’t be overstated, as it builds on continuous learning and improvement, enhances productivity, and works to develop stronger relationships. Immediate intervention prevents small issues from growing or escalating and helps individuals course-correct before problems becomes larger or bad individual habits form. As a result, teams "coached in the moment" operate more efficiently, meet deadlines and achieve goals with greater ease. In-the-moment coaching shows that their leader cares and is committed to each team member’s success. By taking the time to engage with people in real-time, leaders show they are invested in their people's growth and well-being, a proactive approach that builds trust and opens up communications. From a leader’s perspective, in-the-moment coaching enables them to tailor their guidance to the specific needs and work circumstances of each team member. Coaching of this nature provides contextually relevant feedback where leaders can offer their personal experiences as examples of what they have done in similar situations. These interactions also demonstrate authenticity, letting team members know that challenges and issues are a part of growing on-the-job, experienced by the best of all team members. By consistently providing feedback and recognition in real-time, leaders help team members make habits of the right behaviors and make decisions in line with company values and performance standards. Over time, this ongoing reinforcement encourages a leadership and teamwork mindset, where individuals are inspired to put the organization first and to achieve more as an individual. Coaching-in-the-moment is not about “fixing people” or lurking over people in “search of a crime.” It's practical leadership that appeals to generational workers who will be critical to our success over the next several decades. Do you coach in the moment? Do you do it in ways that make it a consistent part of how you manage and lead others?

Source: Credit to Monte Pedersen

Corporate at ZVENIA 23/03/2025

VENTILATION ON DEMAND (VOD)

The VOD concept is one of the key energy-saving principles in underground mine ventilation systems, and it can be applied across all mining commodities. VOD refers to the ability to deliver airflow specifically to the underground areas that require it. In other words, airflow is supplied only to the areas in need, while areas that do not require ventilation receive reduced airflow—or none at all. By implementing this principle, energy consumption from auxiliary fans can be significantly reduced. VOD consists of several levels of control strategies: User Control or Manual Control All ventilation devices—such as main fans, auxiliary fans, dampers, regulators, etc.—are operated manually. Time-Based Scheduling The second control strategy is time-based scheduling, which refers to the concept of triggering different setpoints for fans, regulators, and doors based on time inputs in accordance with a predefined schedule. Activity-Based Control The third strategy is activity-based control, as described by Tran-Valade and Allen (2013). This strategy is defined as the "automatic triggering of pre-defined actions in response to configured events." It can be summarized as an event-triggered function based on alternative inputs other than timers or environmental variables, each of which forms its own category. Similar to time-based scheduling, this control strategy applies the same event-triggering principle but is based on any available variable that can be integrated into the software. Tagging and Tracking This strategy requires the implementation of tag-and-tracking systems, with communication components integrated into the ventilation software. Airflow distribution in the mine is determined based on the location of personnel and equipment, as well as predefined rules for calculating the required airflow for each. Environmental-Based Control The fifth strategy is environmental-based control, which involves automated ventilation system adjustments based on real-time environmental data. This may include various sensor inputs such as gas, dust, diesel particulate matter (DPM), temperature (heat stress), etc., assuming that such sensors can operate underground and provide real-time data. Several components are needed to implement this principle effectively.

Source: Credit to Ammar Ali

Corporate at ZVENIA 17/03/2025

Why Cut-Off Grade is Crucial in Mining Operations

🚀 The cut-off grade is a key parameter in mining, defining the minimum concentration of a valuable mineral or metal required for material to be processed profitably. It separates Ore (economically viable material) from waste (non-viable material). Here’s why it’s so important: 1️⃣ Economic Viability 🔹 Ensures only profitable material is processed. 🔹 Balances mining, processing, and refining costs against revenue from selling the extracted commodity. 2️⃣ Resource Optimization 🔹 Maximizes the value of extracted resources by focusing on higher-grade material. 🔹 Reduces unnecessary extraction and processing of low-grade material, saving costs and resources. 3️⃣ Mine Planning & Design 🔹 Influences pit design, production scheduling, and reserve estimation. 🔹 Determines the mine’s life and total economically viable ore tonnage. 4️⃣ Profit Maximization 🔹 Adjusts based on market conditions (e.g., metal prices, processing costs). 🔹 Lower cut-off grades during high prices allow processing of lower-grade material; higher cut-off grades during low prices focus on high-grade material. 5️⃣ Environmental Impact 🔹 Minimizes waste material, reducing storage and handling needs. 🔹 Lowers energy consumption and greenhouse gas emissions by avoiding low-grade material processing. 6️⃣ Financial Reporting & Valuation 🔹 Classifies mineral resources and reserves, critical for investor and regulatory assessments. 7️⃣ Risk Management 🔹 Mitigates risks from fluctuating commodity prices, cost changes, and ore quality uncertainties. 🚀 Factors Influencing Cut-Off Grade: 🔸Commodity prices: Higher prices justify lower cut-off grades. 🔸 Processing costs: Higher costs require higher cut-off grades. 🔸 Mining costs: Deeper or complex deposits may raise cut-off grades. 🔸 Recovery rates: Efficient processing lowers cut-off grades. 🔸 Market demand: Changes in demand impact economic viability. ✅ In summary, the cut-off grade is a dynamic, essential tool in mining, balancing economic, technical, and environmental factors to ensure profitability and sustainability.

Source: Credit to Mahielden Hamid

Why Cut-Off Grade is Crucial in Mining Operations

Corporate at ZVENIA 05/04/2025

Lesson 5: Blast Design Principles – The Fundamentals of Effective Blasting

A great blast starts long before the first hole is drilled. Proper blast design ensures efficient rock breakage, cost control, and—most importantly—safety. Let’s break down the core elements every engineer should master. ⸻ 🔹 Key Elements of Blast Design (with Formulas) 1️⃣ Burden & Spacing • Burden (B): Distance from blast hole to free face. • Spacing (S): Distance between adjacent holes. Formulas: • B = K × D • S = (1.2 to 1.5) × B Where: • K is a rock constant (typically 25–35) • D is hole diameter (in mm) ✅ Example: For a 100 mm hole and medium hardness rock → B = 3 m, S ≈ 3.6 to 4.5 m 2️⃣ Hole Diameter & Depth • Depth = Bench Height + Subdrilling More depth = better floor control and fragmentation. 3️⃣ Stemming Length • Inert material (like crushed stone) used to confine explosive energy. Formula: • Stemming = (20 to 30) × D ✅ For 100 mm holes, stemming length = 2 to 3 m 4️⃣ Subdrilling • Additional drilling below bench floor to avoid toe problems. Formula: • Subdrilling = (0.2 to 0.3) × Bench Height 5️⃣ Initiation Timing • Delays between holes and rows improve fragmentation and reduce vibration. ✅ Typical values: • 25–50 ms between holes • 50–100 ms between rows ⸻ 📌 Why It Matters ✔ Prevents overbreak and flyrock ✔ Increases safety and control ✔ Optimizes loading and hauling ✔ Reduces total blasting cost per ton ⸻ Pro Tip from the Field: Always adjust your design based on geological structure, rock hardness, moisture, and proximity to structures. ⸻ Coming Up Next: ✅ Lesson 6: Environmental & Safety Considerations ✅ Lesson 7: Common Issues & Solutions ✅ Lesson 8: Case Study – Real blast pattern breakdown

When procurement is done right, it leads to: ✅ Smarter spending ✅ Stronger supplier relationships ✅ Seamless operations ✅ Better results But often, inefficiencies creep in: ❌ Delayed approvals ❌ Missed cost-saving opportunities ❌ Supplier conflicts ❌ Repeated errors Here’s how to master procurement: 1️⃣ Need Identification Understand what your organization needs and define clear specifications. KPIs: Percentage of accurately identified needs, number of specification revisions. 2️⃣ Purchase Requisition Formalize internal requests and streamline approvals. KPIs: Requisition approval cycle time, percentage of requisitions approved without revisions. 3️⃣ Supplier Identification Research and shortlist suppliers based on capacity, reliability, and quality. KPIs: Number of qualified suppliers identified, supplier qualification lead time. Etc Website: https://stan.store/Kingslys/p/cargocheatsheets-membership

Source: Credit to Kingsly Kwalar

Struggling with procurement inefficiencies? This is what we uncovered:

Corporate at ZVENIA 14/04/2025

Uranium Resources, Production and Demand (608 pages)

Uranium Resources, Production and Demand, also familiarly known as the "Red Book", is a biennial publication produced jointly by the NEA and the IAEA under the auspices of the joint NEA/IAEA Uranium Group. The first edition was published in 1965. Thirty editions have since been published. As the only government-sponsored publication tracking world trends and developments in uranium resources, production and demand, the Red Book is an authoritative source of information on the subject.

Source: Credit to International Atomic Energy Agency (IAEA)

Corporate at ZVENIA 20/04/2025

Apunte: Metodo Raise Boring (53 pages)

Source: Credit to Yousuf Shawky

Factors Affecting the Cut-off Grade in Mining

Corporate at ZVENIA 14/03/2025

Stockpile Volume Calculation with LiDAR analysis

Check out this project where our LiDAR team at HMaRA GIS performed high-precision stockpile volume calculations using UAV LiDAR scanning. We processed a point cloud with an average density of 485.2 points/m² to generate detailed contour lines and calculate a total volume of 6,788.4 m³ across 19 stockpiles. Scope of Work: - Classified the point cloud to separate ground and non-ground points - Generated minor contour lines at 0.25 m intervals and major contour lines at 1 m intervals - Created a Digital Terrain Model (DTM) for the entire territory - Developed volumetric models for each stockpile, using the DTM as the base layer - Applied elevation-based color coding to clearly define stockpile boundaries - Calculated individual stockpile volumes and exported the data into vector formats - Added annotations and labels for clarity - Conducted a quality check to ensure accuracy and refined volume boundaries as needed This project showcases how cutting-edge LiDAR technology delivers accurate, efficient, and cost-effective solutions for stockpile volume calculation, which is critical for infrastructure projects, resource management, and construction planning. If you want to know more or get a quote, please write to Vladyslav Poda: https://www.linkedin.com/in/vladyslav-poda/ 👉 Explore the full case study here: https://hmaragis.com/cases/

Source: Credit to Vladyslav Poda, HMARA

Corporate at ZVENIA 15/03/2025

¿Sabías que los pequeños cambios pueden generar grandes resultados?

El Método Kaizen es una filosofía de mejora continua que ha transformado la forma en que las empresas optimizan sus procesos y mejoran la calidad. 🔍 1. Identifica Oportunidades de Mejora: Revisa tus procesos actuales y detecta dónde puedes optimizar. 👥 2. Conforma un Equipo de Trabajo: Involucra a todos los que participan en el proceso para obtener ideas valiosas. 📊 3. Evalúa la Situación Actual:Analiza cómo se realizan las tareas hoy en día para comprender el flujo de trabajo. 💡 4. Desarrolla Soluciones Innovadoras: Prioriza ideas simples y rápidas de implementar para mejorar el proceso. ⚙️ 5. Implementa el Cambio: Asegúrate de que todo el equipo esté informado y capacitado en los nuevos procedimientos. 📈 6. Monitorea y Evalúa:Observa el impacto de los cambios y ajusta según sea necesario. 🔄 7. Estandariza y Repite: Si los cambios han sido exitosos, estandariza y sigue buscando nuevas oportunidades de mejora. La clave está en la constancia y en involucrar a todos los niveles de la organización. ¡Cada pequeño paso cuenta hacia un gran cambio!

Source: Credit to Andrés Santacruz

¿Sabías que los pequeños cambios pueden generar grandes resultados?

Corporate at ZVENIA 16/02/2025

Managing Dust Emissions in Blasting Operations

Blasting, excavation, and material handling generate significant dust emissions, varying based on site geology and extraction methods. Some operations rely more on explosives, while others use mechanical excavation, but all involve large-scale equipment—excavators, dump trucks, and loaders—contributing to airborne dust. Mist cannons are commonly used for suppression. Dust particles from drilling and blasting can travel far beyond site boundaries, monitored by regulators. These particles vary in size and impact: 🔹 PM10 (>10µm) – Visible dust, such as limestone, is generally less harmful as the body can filter it. However, silica dust within this category poses health risks. 🔹 PM10 (<10µm) – Invisible to the naked eye, includes cement, iron, and textile dust. These particles settle in the nose or throat, causing respiratory irritation and, with prolonged exposure, conditions like asthma. 🔹 PM2.5 (<2.5µm) – Known as respirable dust, including lead, carbon black, and metallurgic particles. These penetrate deep into the lungs, causing irreversible damage and diseases like silicosis, black lung, and lung cancer. When airborne, these particles form Total Suspended Particles (TSP); once settled, they become deposited dust. Effective dust control measures include dust suppressant chemicals, water sprinklers, water bags, and geotextiles, ensuring a safer and more compliant work environment.

Source: Credit to Waddah Khair

Managing Dust Emissions in Blasting Operations

Corporate at ZVENIA 23/02/2025

Saudi Arabia's mining and mineral sector has seen incredible growth

From the visionary beginnings with King Abdulaziz to the transformative era of hashtag#Vision2030, Saudi Arabia's mining and mineral sector has seen incredible growth. Our mineral wealth, now valued at USD 2.5 trillion, is a testament to this journey. We've implemented a comprehensive mining strategy, modernized investment laws, and embraced digital innovation to attract investment and enhance sustainability. The recent launch of the USD 7.5 billion Phosphate 3 Project, set to increase phosphate production to 9 million tons, reinforces our global position in essential agricultural inputs. This progress, driven by the leadership of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, fuels our economic diversification and GDP growth. On hashtag#SaudiFoundingDay 2025, we celebrate this legacy of progress and look forward to continued success.

Source: Credit to Khalid Almudaifer

Saudi Arabia's mining and mineral sector has seen incredible growth

Corporate at ZVENIA 15/03/2025

Pourquoi la GMAO ?

La GMAO (Gestion de la Maintenance Assistée par Ordinateur) est un outil essentiel pour optimiser la gestion de la maintenance industrielle et tertiaire. Voici pourquoi elle est importante : 1. Amélioration de la disponibilité des équipements Réduction des pannes grâce à la maintenance préventive et conditionnelle Optimisation des plans de maintenance 2. Réduction des coûts Moins d’arrêts non planifiés et de réparations d’urgence Gestion efficace des stocks de pièces de rechange Suivi des coûts de maintenance en temps réel 3. Meilleure organisation des interventions Planification des tâches de maintenance Suivi des interventions et de l’historique des équipements Gestion des équipes de maintenance et affectation des ressources 4. Amélioration de la traçabilité et conformité Archivage des interventions pour audit et analyse Respect des normes de sécurité et réglementations Suivi des indicateurs de performance (MTTR, MTBF, taux de disponibilité) 5. Aide à la prise de décision Analyse des pannes pour anticiper les défaillances Optimisation des stratégies de maintenance Gestion des budgets et des ressources En résumé, la GMAO permet d’avoir une maintenance plus efficace, proactive et rentable, ce qui améliore la performance globale d’une entreprise.

Source: Credit to Abidi Bilel

Corporate at ZVENIA 15/03/2025

Fundamentos del Algoritmo de Lerchs & Grossman: Base de la Optimizacion Minera (10 pages)

📌 𝘓𝘢 𝘰𝘱𝘵𝘪𝘮𝘪𝘻𝘢𝘤𝘪𝘰𝘯 𝘥𝘦 𝘵𝘢𝘫𝘰𝘴 𝘦𝘯 𝘮𝘪𝘯𝘦𝘳𝘪𝘢 𝘢 𝘤𝘪𝘦𝘭𝘰 𝘢𝘣𝘪𝘦𝘳𝘵𝘰 𝘦𝘴 𝘤𝘭𝘢𝘷𝘦 𝘱𝘢𝘳𝘢 𝘮𝘢𝘹𝘪𝘮𝘪𝘻𝘢𝘳 𝘦𝘭 𝘷𝘢𝘭𝘰𝘳 𝘥𝘦𝘭 𝘱𝘳𝘰𝘺𝘦𝘤𝘵𝘰. 𝘌𝘭 𝘢𝘭𝘨𝘰𝘳𝘪𝘵𝘮𝘰 𝘥𝘦 𝘓𝘦𝘳𝘤𝘩𝘴 𝘺 𝘎𝘳𝘰𝘴𝘴𝘮𝘢𝘯, 𝘣𝘢𝘴𝘢𝘥𝘰 𝘦𝘯 𝘵𝘦𝘰𝘳𝘪𝘢 𝘥𝘦 𝘨𝘳𝘢𝘧𝘰𝘴, 𝘥𝘦𝘧𝘪𝘯𝘦 𝘦𝘭 𝘭𝘪𝘮𝘪𝘵𝘦 𝘰𝘱𝘵𝘪𝘮𝘰 𝘥𝘦𝘭 𝘵𝘢𝘫𝘰 𝘤𝘰𝘯𝘴𝘪𝘥𝘦𝘳𝘢𝘯𝘥𝘰 𝘪𝘯𝘨𝘳𝘦𝘴𝘰𝘴 𝘺 𝘤𝘰𝘴𝘵𝘰𝘴 𝘮𝘪𝘯𝘦𝘳𝘰𝘴. 🔍 Mediante un modelo de bloques, evalúa la rentabilidad y establece relaciones de precedencia, garantizando estabilidad y viabilidad en el diseño. Su implementación ha mejorado la toma de decisiones estratégicas en minería. 🔆 La evolución tecnológica ha potenciado este proceso con softwares como MinePlan, Deswik, Vulcan y NPV Scheduler, que optimizan pits, planificación y análisis estratégico, mejorando la eficiencia operativa.

Source: Credit to GEIPLAMIN - UNMSM

Corporate at ZVENIA 12/03/2025

71% of meetings are waste of time

Costing billions of wasted hours. Here’s how you can change that, With strategies from top entrepreneurs: 1. Elon Musk: Be Fully Prepared Thoroughly prepare for each meeting. Aim for efficiency, anticipate questions, and meet high standards. 2. Steve Jobs: Keep It Small Productivity thrives in simplicity. Limit participants to essential attendees only, cutting out distractions. 3. Larry Page: Make Fast Decisions Speed up decision-making to avoid delays. Appoint a decision-maker for each meeting. 4. Satya Nadella: Long Leadership Sessions Use dashboards to align team goals. Hold weekly leadership meetings for in-depth discussions and alignment. 5. Ben Horowitz: One-on-One Sessions Hold structured one-on-one meetings to foster upward communication and fresh ideas, letting employees set the agenda. 6. Marissa Mayer: Vet Ideas Thoroughly Demand well-thought-out proposals. Ask tough questions about research, methodology, and solutions. 7. Alfred Sloan: Use Follow-Up Memos Post-meeting memos ensure clarity and accountability. Summarize decisions, assign tasks, and set deadlines. 8. Sheryl Sandberg: Stick to an Agenda Keep meetings focused by sticking to a strict agenda. Check off each item and finish early when possible. Don’t let meetings drain your time. P.S. How effective are your meetings? ♻️ Share this with your network to encourage better meetings! ---- 📌 Get my top 100 infographics for free: 1) Follow Igor Buinevici. 2) Subscribe to my free newsletter at WildCapital.co. You’ll receive them directly in your welcome email.

Source: Credit to LEX Africa

Corporate at ZVENIA 20/02/2025

Standards for Underground Work After Blasting!

In the world of underground mining, safety is not an option it’s a necessity! After blasting operations, the work environment must meet international standards to ensure worker safety. Oxygen Level: Must be between 19.5% and 23% to ensure proper breathing. Carbon Dioxide (CO₂): Should not exceed 0.5% to avoid suffocation risks. Carbon Monoxide (CO): Less than 25 ppm, as it’s highly toxic even in small concentrations. Methane (CH₄): Less than 1% to prevent explosion hazards. Airflow Speed: Should not be less than 0.3 m/s to ensure sufficient ventilation and air distribution. Temperature: The maximum safe working temperature is 35°C, considering humidity levels. Regular gas monitoring and proper ventilation are the first lines of defense to protect everyone working in this field.

Source: Credit to Ziad Samir

Standards for Underground Work After Blasting!

Corporate at ZVENIA 07/03/2025

Who's Leading the Race to Mine the Deep Sea?

India has applied to the International Seabed Authority (ISA) for two new licenses to explore parts of the Indian Ocean sea bed for minerals crucial to the green energy transition. If they are granted, India would hold four contracts, making it the country with the second highest number of active contracts for deep sea mining exploration projects in the world. As the following chart based on ISA data shows, China currently has five contracts, making it the leading country in terms of contracts for permitted deep sea mining exploration. There are currently 31 contracts that have been signed off on by the ISA, 30 of which are active, and each of which last 15 years. Several of these involve governmental entities - for example, the Government of India, the Government of Poland, the Government of the Republic of Korea all appear on the ISA website. However, the majority are private companies that have so far directly engaged in contracts for deep-sea mining with the ISA. There are three main categories of deep sea mineral exploration: finding and collecting polymetallic nodules (PMN), polymetallic sulfides (PMS) and cobalt-rich ferromanganese crusts (CFC) in the deep seabed. India’s two new proposed contracts apply to the latter two methods, first for the exploration of PMS in the Carlsberg Ridge of the Central Indian Ocean and secondly for the exploration of CFC in the deep seabed of the Afanasy-Nikitin Seamount in the Central Indian Ocean. According to the ISA, the majority of companies looking into seabed exploration are focused on polymetallic nodules (19; with 17 of these focused on the Clarion-Clipperton Fracture Zone), followed by polymetallic sulfides (7) in the Southwest Indian Ridge, Central Indian Ridge and the Mid-Atlantic Ridge and then only 5 companies looking into polymetallic crusts in the Western Pacific Ocean. As Gaby Ramirez and Tina Lee’s article for Unbias the News outlines, the issue of deep sea mining is a complex and divisive one. Supporters argue that in order to manage a successful green transition, we will need more of these precious metals and fast. Critics argue, on the other hand, that far more information is needed before further action can be taken, namely on how such extractions will impact the environment of what has been called the “final frontier” of the Earth.

Source: Credit to Anna Fleck, Statista

Who's Leading the Race to Mine the Deep Sea?

Corporate at ZVENIA 13/02/2025

Contraintes dans la Conception d’un Plan de Tir Minier

La conception d’un plan de tir minier est une tâche complexe qui nécessite une compréhension approfondie des nombreux paramètres interdépendants influençant l’exécution des tirs dans les massifs rocheux. Ce résumé présente les principales contraintes à considérer lors de cette conception. 1️⃣ Diamètre du Trou de Foration Le diamètre du trou de forage est un élément crucial qui doit être adapté aux objectifs de tir et aux conditions d’abattage. Un diamètre plus large permet une détonation plus rapide et une meilleure fragmentation, mais peut également entraîner une distribution inefficace de la charge en raison d’un bourrage excessif. Dans les massifs fracturés, une maille plus grande peut compromettre la fragmentation souhaitée. 🎯 Facteurs influençant le choix du diamètre : 💦 Environnement :Le niveau de vibration et de bruit dépend de la charge utilisée. 💦 Structure du massif :Influence la granulométrie et le choix du diamètre. 💦 Engin de chargement : Nécessite un type de fragmentation spécifique. 💦 Nature de l’explosif : Sa vitesse de détonation varie avec le diamètre. 💦 Hauteur du front à abattre :Un abaque peut aider à évaluer la relation entre le diamètre de forage et la hauteur à abattre. 2️⃣ Inclinaison du Trou L'inclinaison des trous de forage contribue à améliorer la qualité de la fragmentation sans augmenter significativement les coûts. Les avantages des trous inclinés incluent : ☘️ Stabilité des gradins : Les talus inclinés offrent une meilleure tenue. ☘️ Optimisation de la consommation d’explosifs. ☘️ Élimination des inconvénients liés au rebord. Ces avantages expliquent la popularité croissante de cette méthode dans les carrières et mines à ciel ouvert. 3️⃣ Excès de Forage (Sous Forage) L'excès de forage est essentiel pour augmenter l’efficacité du tir dans la partie inférieure du gradin, facilitant ainsi le travail des engins de chargement. La longueur de sous-forage dépend de plusieurs facteurs : ✨ Hauteur du gradin. ✨ Diamètre du trou. ✨ Propriétés de l’explosif et des roches. En général, elle doit être environ 0,3 fois la hauteur du gradin, bien que son efficacité puisse diminuer en présence de discontinuités horizontales. 4️⃣ Longueur du Trou La longueur du trou est déterminée par la hauteur du gradin, l’inclinaison et la longueur d’excès. Elle joue un rôle clé dans la distribution de l’énergie lors du tir. Cependant, atteindre une distribution idéale de la charge est complexe, notamment pour les trous longs. 5️⃣ Propriétés de la Matrice Rocheuse Les caractéristiques physico-mécaniques, acoustiques et hydrologiques de la matrice rocheuse sont essentielles pour la conception du plan de tir. Les propriétés importantes incluent : ✅ Densité. ✅ Résistance à la traction et à la compression. ✅ Module de Young. ✅ Coefficient de Poisson. ✅ Impédance acoustique. Par: Gwenaelle Erika Lekane Yakap

Source: Credit to Gwenaelle Erika Lekane Yakap

Contraintes dans la Conception d’un Plan de Tir Minier

Corporate at ZVENIA 23/02/2025

World Mining Data 2024 (266 pages)

Raw materials are the backbone of the economy. The sufficient supply of mineral raw materials under fair market conditions is essential for a sustainable and well-functioning economy. Although the geological availability of minerals is relatively high, occurring disruptions can lead to a shortfall of mineral resources. Smouldering geopolitical crises and wars in Ukraine and Gaza relentlessly demonstrate our vulnerability in a globalized world with its complex dependencies and widely ramified value chains. Raw materials are necessary to secure our future viability and to solve the grand challenges in the fields of climate and energy, health, nutrition, mobility, digitalisation and security and defence. To foster the security of supply of commodities especially critical raw materials, fair trade, innovations along the entire value chain and the expansion of the circular economy are part of the solutions. Additionally, domestic production contributes to independence and strategic autonomy. A holistic and cross-policy approach is needed to meet these major challenges. Fact-based knowledge of mineral production, market concentrations and production trends are the basis of foresighted policy and decision-making. This can help to identify potential short or medium-term supply risks. I am delighted that the annual publication "World Mining Data" has served as a valuable basis for commodity forecasts of renowned national and international institutions for 39 years. In this way, the Austrian Federal Ministry of Finance provides an important contribution to international resource policy. I would like to express my sincere gratitude to Austrian representations abroad as well as to international institutions for their support and active participation regarding this publication. Dr. Magnus Brunner Federal Minister of Finance Source: https://www.world-mining-data.info/

Source: Credit to: Austrian Federal Ministry of Finance

Corporate at ZVENIA 09/03/2025

RAMADAN, le salarié est soumis à des risques supplémentaires pour sa santé

✅L’employeur est responsable de la santé et de la sécurité des salariés sur les chantiers. 📚Le Code du travail l’oblige à mettre en œuvre des moyens particuliers pour prévenir les risques identifiés (Code du travail, art. L. 4121-1). Or pendant les mois Ramadan et Carême, le salarié est soumis à des risques supplémentaires pour sa santé, notamment à cause de la déshydratation. Il ne faut pas négliger également les risques liés à la sécurité, le Ramadan étant une période de jeûne où les personnes dorment peu. Or la fatigue entraîne des baisses de vigilance. Il est donc nécessaire d’informer les salariés des règles minimales à respecter pour assurer leur propre santé et sécurité : Respecter une hygiène de vie adaptée aux exigences du poste de travail, par exemple les heures de sommeil pour assurer la concentration des conducteurs d’engins ; 🌿Boire beaucoup d’eau juste avant la levée du jour et consommer des sucres lents (pâtes, riz, céréales, etc.) ; Se reposer pendant les pauses dans un lieu calme et frais. Une des difficultés réside dans le fait que le suivi du Ramadan est un choix privé du salarié et qu’il n’a aucune obligation d’en informer l’employeur. 🛑Mais le salarié ne peut se prévaloir du suivi d’un jeûne pour justifier des erreurs ou le non-respect des cadences habituelles de travail. Sachant que l’employeur peut valablement le sanctionner, le salarié a donc tout intérêt à échanger en amont avec lui de la meilleure façon de concilier le jeûne et son travail. ✅Réaliser une communication générale sur la problématique du travail sous la chaleur, incluant les difficultés spécifiques du Ramadan, peut conduire les salariés concernés à venir d’eux-mêmes échanger avec l’employeur. Cela sera l’occasion de réfléchir ensemble à d’éventuelles adaptations de leurs conditions de travail. ✅Adapter les conditions de travail sur chantier pendant le Ramadan Plusieurs possibilités existent afin de limiter au maximum la pénibilité accrue du travail pour les salariés réalisant le Ramadan. ✅Leurs mises en œuvre dépendent de la nature du chantier, du poste du salarié, du lieu d’exécution ou du nombre de salariés présents. Une pratique habituelle correspond à réaffecter les salariés sur des postes moins exposés aux risques. 🌿L’organisation du travail sur le chantier doit aussi être pensée de façon à éviter que le salarié soit isolé. La présence en permanence d’un collègue assure une réaction rapide en cas de survenance d’un accident ou d’un malaise du salarié. ✅Enfin, décaler les heures de travail reste une bonne pratique si elle est possible. On peut ainsi prévoir de commencer la journée de travail plus tôt pour limiter les impacts de la chaleur. 🪢Cela nécessite de vérifier l’accessibilité du chantier à ces horaires, l’organisation avec les autres. Des désaccords peuvent intervenir entre les salariés suivant ou non le Ramadan. C’est alors à l’employeur qu’il incombe de trancher et de fixer les horaires de travail. Ne forcer aucune situation⛑️👌❗

Source: Credit to Ousmane KOUROUMA

RAMADAN, le salarié est soumis à des risques supplémentaires pour sa santé

Corporate at ZVENIA 16/02/2025

El Sector minero: un ciclo de protagonistas cambiantes

En el sector minero, cada etapa del proceso requiere la intervención de profesionales con habilidades y experticias específicas. Desde el descubrimiento del yacimiento hasta la explotación y el cierre de la mina, cada rol juega un papel crucial en el éxito del proyecto. En las etapas de prospección y exploración, el geólogo es el protagonista. Su trabajo de investigación y análisis es fundamental para descubrir y caracterizar el yacimiento; sin embargo, requiere el apoyo del área de 𝙍𝙚𝙡𝙖𝙘𝙞𝙤𝙣𝙚𝙨 𝘾𝙤𝙢𝙪𝙣𝙞𝙩𝙖𝙧𝙞𝙖𝙨, pues, si durante todo el tiempo que dure la evaluación del yacimiento no se cuenta con la aceptación del proyecto, algo se hizo mal durante todo ese tiempo, y la empresa debe replantearse los objetivos centralizando sus esfuerzo para obtener esta aceptación. Una vez que se ha confirmado la viabilidad del proyecto, el 𝙞𝙣𝙜𝙚𝙣𝙞𝙚𝙧𝙤 𝙙𝙚 𝙢𝙞𝙣𝙖𝙨 toma el relevo. Su experiencia y conocimientos son esenciales para diseñar y ejecutar la explotación de la mina de manera segura y eficiente. Y es que la explotación es la etapa más larga y crítica del proceso minero. Es aquí donde se extrae el mineral y se genera el valor económico del proyecto. Por lo tanto, 𝙚𝙨 𝙛𝙪𝙣𝙙𝙖𝙢𝙚𝙣𝙩𝙖𝙡 𝙦𝙪𝙚 𝙚𝙡 𝙧𝙚𝙨𝙩𝙤 𝙙𝙚 á𝙧𝙚𝙖𝙨 𝙙𝙚𝙡 𝙥𝙧𝙤𝙮𝙚𝙘𝙩𝙤 𝙚𝙨𝙩é𝙣 𝙙𝙞𝙨𝙥𝙪𝙚𝙨𝙩𝙖𝙨 𝙖 𝙙𝙚𝙟𝙖𝙧𝙨𝙚 𝙜𝙪𝙞𝙖𝙧 𝙥𝙤𝙧 𝙡𝙤𝙨 𝙞𝙣𝙜𝙚𝙣𝙞𝙚𝙧𝙤𝙨 𝙙𝙚 𝙢𝙞𝙣𝙖𝙨, quienes son los expertos en la explotación de la mina. Es importante reconocer que, en cada etapa del proceso, el protagonismo cambia. 𝙇𝙤𝙨 𝙥𝙧𝙤𝙛𝙚𝙨𝙞𝙤𝙣𝙖𝙡𝙚𝙨 𝙙𝙚𝙗𝙚𝙣 𝙚𝙨𝙩𝙖𝙧 𝙙𝙞𝙨𝙥𝙪𝙚𝙨𝙩𝙤𝙨 𝙖 𝙘𝙚𝙙𝙚𝙧 𝙚𝙡 𝙥𝙖𝙨𝙤 𝙮 𝙩𝙧𝙖𝙗𝙖𝙟𝙖𝙧 𝙚𝙣 𝙚𝙦𝙪𝙞𝙥𝙤 𝙥𝙖𝙧𝙖 𝙜𝙖𝙧𝙖𝙣𝙩𝙞𝙯𝙖𝙧 𝙚𝙡 é𝙭𝙞𝙩𝙤 𝙙𝙚𝙡 𝙥𝙧𝙤𝙮𝙚𝙘𝙩𝙤. Pero, ¿qué sucede si falta alguno de los ingredientes clave? Un proyecto sin reservas minerales no se convierte en mina. Un proyecto sin aceptación social, no se convierte en mina. Una mina sin personal competente no se desarrolla. Es aquí donde el personal de RRHH juega un papel fundamental. Deben estar 𝙥𝙧𝙚𝙥𝙖𝙧𝙖𝙙𝙤𝙨 𝙮 𝙘𝙤𝙣𝙤𝙘𝙚𝙧 𝙚𝙡 𝙥𝙧𝙤𝙘𝙚𝙨𝙤 𝙢𝙞𝙣𝙚𝙧𝙤, no es lo mismo movilizar o contratar personas para actividades administrativas, que personal técnico y personal operacional de mina. Todas las áreas deben trabajar en estrecha colaboración con los equipos técnicos para identificar las necesidades de personal y desarrollar planes de capacitación y desarrollo para garantizar que el personal tenga las habilidades y competencias necesarias para llevar a cabo el proyecto de manera segura y eficiente. Reconocer y valorar el trabajo de cada una de las áreas es esencial para garantizar que el sector minero siga siendo una fuente de empleo y desarrollo para las comunidades locales.

Source: Credit to Byron Andrade

El Sector minero: un ciclo de protagonistas cambiantes

Corporate at ZVENIA 27/02/2025

Experimental Variogram (17 pages)

I would like to share the presentation material about Experimental Variogram that I delivered in the Geostatistics class in the S1 Mining Engineering study program ITB. This material begins with a brief overview of Regionalized Variables and Autocorrelation, before focusing on the concept and calculation of Experimental Variograms. In this session, students also had the opportunity to perform variogram calculations manually as an exercise in class. In closing, I gave homework so that they could repeat and deepen their understanding of the material they had learned. Hopefully this material will be useful, not only for those who are involved in the mining world, but also in various other fields that apply geostatistics.

Source: Credit to Tomy Alvin Rivai

Corporate at ZVENIA 23/02/2025

Mining’s Moment to attract a new generation of talent

Joachim Braun, Division President, and April Whitson, Division VP of Human Resources at ABB Process Industries, discuss how technological advancement and diversifying the mining workforce are interlinked as the mining industry strives to overcome the skill shortage amid the green energy transition. The mining industry is facing a global shortage of skilled workers while, at the same time, needing to meet increasing demand for critical minerals, driven by the energy transition. Traditionally, remote locations, harsh working conditions, and outdated perceptions have made recruitment difficult. According to ABB’s recent ‘Mining’s Moment’ report, the industry must attract a larger, more varied pool of talent to increase production while progressing decarbonisation efforts. In fact, 46% of respondents confirmed diversity, equity, and inclusion as a powerful driver of ESG across the industry. Transforming mining into a high-tech and purpose-driven industry by harnessing the latest technological advancements in automation, electrification, and digitalisation to become more sustainable and safer, can attract a broader, more diverse workforce, and secure the sector’s long-term success. => Safer conditions and greater work-life balance Technological solutions are revolutionising the mining industry and remote working is eliminating the need for on-site presence in isolated or hazardous situations. These advancements are especially significant in remote regions, such as Chile or Western Australia, where operations can now be managed hundreds of miles away, minimising risk and allowing for safer working conditions. Remote working not only improves safety, but also makes the mining industry more accessible to a broader talent pool. The future workforce, particularly younger people, prioritise flexibility and work-life balance. Automation offers the opportunity to meet these desires, providing greater autonomy and safety while allowing them to manage operations from virtually anywhere. This shift is changing the way mining is perceived, helping to attract and retain talent that may have once overlooked the industry due to outdated perceptions. =>New skills and newer technology As automation and data-driven systems become more integral to mining operations, there is an increasing need for workers with advanced digital literacy and technical skills. Currently, 44% of mining companies cite limited expertise and skills as significant barriers to decarbonisation. To retain industry expertise and prepare the next generation of workers, upskilling initiatives are essential. Already, 70% of respondents are committing to reskilling and training employees to provide the expertise needed to drive decarbonisation efforts. Emphasis on new technologies, in addition to better work-life balance, also plays a significant role in attracting the next generation of workers who are often looking to work for companies at the forefront of innovation. The report found 68% of mining executives view technology as a driver for diversity and a solution to attracting younger generations to work within the industry. => A new era of mining for future generations Ultimately, the future of mining will be defined by innovation and empowerment. As automation, electrification, and digitalisation continue to evolve, they will reshape the mining industry into a safer, more flexible, and attractive field for the next generation of workers. Many young professionals seek careers that offer growth, purpose, and impact, and the mining sector’s crucial role in the green energy transition presents a compelling opportunity. By positioning mining as an innovative, purpose-driven industry, companies can align with the values of the future workforce, offering fulfilling careers and the opportunity to transform the sector. Source: https://www.globalminingreview.com/mining/18022025/minings-moment-to-attract-a-new-generation-of-talent/

Source: Credit to Jess Watts, Global Mining Review

Mining’s Moment to attract a new generation of talent

Corporate at ZVENIA 18/02/2025

Silos in mining education crated silos in mining operations – costing the industry billions

Geologists define resources. Mining engineers extract them. Metallurgists process them. Yet, they rarely communicate well with each other. In countries like Canada, the US, and Australia, mining education is structured along rigid disciplinary lines. Geologists spend years studying ore deposit formation, geochemistry/mineralogy and geostatistics, but rarely learn how their models affect downstream processing. Mining engineers focus on extraction and haulage techniques, but often overlook how blasting impacts processing. While metallurgists optimize processing circuits without considering how geological variability influences plant performance. By the time they enter the workforce, they already think in silos. These divisions date back to the early 20th century when mining education mirrored industry workflows: geologists found the ore, engineers mined it, and metallurgists processed it—each in isolation. By the 1980s, accreditation bodies reinforced these divisions. Committees of retired industry professionals resisted changes that might “dilute” technical expertise. Curricula stagnated while the industry evolved. Mining has changed drastically since the 90s. Yet, universities still train professionals in isolation. What does this look like in practice? Modern geology programs analyze ore deposits in extreme detail but rarely consider how models influence mine planning or processing. As John Steen of UBC’s Bradshaw Research Initiative put it: “Engineers don’t design for the orebody because they’ve never been taught to integrate geological variability into their models.” The result? Mines are designed based on optimistic ore interpretations, often overlooking real variability. When the orebody is more complex than expected (which it almost always is), engineers and metallurgists scramble to compensate. Mining engineers, trained to maximize extraction efficiency, prioritize high-tonnage bulk mining without considering processing impacts. And metallurgists? They inherit these problems without having been involved in the decisions that caused them. Processing programs emphasize extraction techniques but often overlook the geological origins of ore variability. Graduates excel at mass balancing and circuit design but struggle to optimize processes for fluctuating feed grades or mineralogical complexities. These silos create a culture of risk avoidance. It doesn’t have to be this way. In Brazil, where I studied (Escola Politécnica da USP), mining education is different. Instead of separate geology, mining, and processing degrees, we study Mine Engineering—a multi-disciplinary program integrating exploration, extraction, processing, and tailings management. And the difference is clear. Thinking across disciplines prevents problems from being designed into operations before they even start.

Source: Credit to Marcos de Paiva Bueno

Silos in mining education crated silos in mining operations – costing the industry billions

Corporate at ZVENIA 21/02/2025

Meeting Tomorrow's Silver Demand: The Promise of Undeveloped Projects

Global silver demand has surged in recent years, outpacing supply since 2020. This imbalance underscores the critical importance of untapped silver resources in meeting future demand. Undeveloped silver projects are poised to play a vital role in addressing the need for this valuable metal, which is essential in industries such as electronics, solar panels, jewelry, investment, healthcare, and green tech. => Latin America: A Hub for Untapped Silver Resources A closer look at the largest projects reveals that Mexico, Bolivia, and Peru are home to some of the world's most significant undeveloped silver projects. These nations are positioned to become key players in supplying silver to meet future global needs. => Spotlight on Major Projects 1. Metates (Mexico): Located in Durango State, Mexico, Metates is a massive project owned by Chesapeake Gold Corp. It boasts a significant amount of both gold and silver, making it a very valuable find. It contains approximately 19.8 million ounces of gold and 542 million ounces of silver in measured and indicated resources. 2. Cordero (Mexico): Another large silver deposit in Mexico, Cordero is known for its potential to produce a substantial amount of silver over a long period. It is one of the largest undeveloped silver deposits in the world, with an estimated 1.3 billion ounces of silver equivalent. The project has capacity to produce an average of 33 million ounces of silver equivalent per year for 18 years. 3. Iska Iska (Bolivia): Discovered in 2020, Iska Iska is a significant find in Bolivia. It contains a variety of valuable metals, including silver, tin, zinc, lead, and gold. It contains 1.15 billion ounces of silver equivalent. Located in the Potosí region, this large-scale project is regarded as one of the most significant recent mineral discoveries, potentially becoming a world-class mining operation for Bolivia. => Other Noteworthy Silver Projects • Corani (Peru): 225 Moz (P&P) • Silver Sand (Bolivia): 202 Moz (M&I) • Carangas (Bolivia): 171 Moz (M&I) • DeLamar (USA): 143 Moz (M&I) • Diablillos (Argentina): 123 Moz (P&P) • Calico (USA): 110 Moz (M&I) • Berenguela (Peru): 101 (M&I) • Panuco (Mexico): 94 moz (Inferred) • Panuco (Mexico): 88 Moz (M&I) • Eskay Creek (Canada): 88 Moz (P&P) • Cerro Las Minitas (Mexico): 83 Moz (Inferred) • San Diego (Mexico): 82 Moz (Inferred) => The Future of Silver Production As the global economy continues to grow, these untapped resources represent a crucial opportunity for the mining industry to meet future needs. Beyond their economic potential, these projects can contribute significantly to the development of local communities by creating jobs and generating revenue. With many of the largest deposits located in Latin America, the region is set to play a pivotal role in shaping the future of silver production. Owner Project M&I Resources Category Chesapeake Gold Metates 542 M M&I Discovery Silver Cordero 493 M M&I Eloro Resources Iska Iska 273 M Inferred Bear Creek Mining Corani 225 M P&P New Pacific Metals Silver Sand 202 M M&I New Pacific Metals Carangas (Upper Silver Zone) 171 M M&I Integra Resources DeLamar 143 M M&I AbraSilver Resource Diablillos 123 M P&P Apollo Silver Calico 110 M M&I Aftermath Silver Berenguela 101 M M&I Vizsla Silver Panuco 94 M Inferred Vizsla Silver Panuco 88 M M&I Skeena Resources Eskay Creek 88 M P&P Southern Silver Exploration Cerro Las Minitas 83 M Inferred Silver Storm Mining San Diego 82 M Inferred Source: Company presentations & reports https://www.miningvisuals.com/post/silver-s-future-lies-underground-the-role-of-untapped-resources

Source: Credit to MiningVisuals

Meeting Tomorrow's Silver Demand: The Promise of Undeveloped Projects

Corporate at ZVENIA 23/02/2025

Charted: If Gold Was Shared Equally, How Much Would You Get?

Desired for millennia because of its shine and rarity, gold is still the safe haven asset (with fairly decent returns) in times of uncertainty. This chart examines a hypothetical question of how much gold every person in the world would get if all discovered gold was shared equally. Data for this graphic is sourced from the U.S. Geological Survey and from the UN’s World Population Prospects 2024. => There’s Not a Lot of Gold for 8 Billion People Turns out, there really isn’t a lot of gold in the world. To date, only 244,000 metric tons of gold have ever been discovered. This includes historical production and current known discoveries. That works out to about 30 grams (about one troy ounce), or six gold rings, for every single human being on the planet. Categories Figures Gold Discovered (Metric Tons) 244,000 World Population 8,161,972,572 Gold per Person (Metric Tons) 0.00002989 Gold per Person (Grams) 29.89 (or one ounce) Of course, jewelry isn’t the only use of gold (though it does account for the largest share of above-ground use). Central banks have quite a bit in their reserves, with the U.S. holding the most at roughly 8,000 tonnes. At sixth place China (2,200 tonnes) has been steadily increasing its reserves in the past year, in a bid to diversify foreign exchange reserves away from the U.S. Treasury bonds. => Largest Gold Producers And then there’s all the gold beneath the ground, spread out in massive mines across the world. Of them, Australia is home to two in the top 10, and is also the second-largest producer. Who’s the largest producer? That’s China—even though it doesn’t have any large mines on the same scale as those found in the U.S. and Australia. Instead it has numerous smaller ones, and coupled with efficient smelting infrastructure, ends up producing more volume. Finally, South Africa held the top supplier spot between 1900–1970. Its production peaked at about 1,000 tonnes annually, the most by any country in a single year.

Source: Credit to Pallavi Rao, Visual Capitalist

Charted: If Gold Was Shared Equally, How Much Would You Get?

Corporate at ZVENIA 23/02/2025

Using Leading Indicators to Improve Safety and Health Outcomes (18 pages)

Employers are encouraged to use this document to learn how they can use leading indicators to improve safety and health outcomes in the workplace. While large businesses may already be familiar with the benefits of using leading indicators, many small and medium-sized businesses may not know what they are or how to use them. This document can help such businesses get started. This document may also be useful to large businesses seeking new approaches to using leading indicators. “Today, EHS practitioners continue to rely on injury rates, absenteeism, and other lagging metrics despite the growing acceptance of the fact that these failure-focused measures are ineffective in driving continuous improvement efforts. Leading indicators, on the other hand, appear to offer a more useful gauge of EHS activity by providing early warning signs of potential failure and, thus, enabling organizations to identify and correct deficiencies before they mature into accidents and injuries.” Source: Omar Raul Párraga Rodriguez

Source: Credit to Occupational Safety and Health Administration, OSHA

Corporate at ZVENIA 23/02/2025

Mineral Prospect to Production Workflow

In an era of soaring metal prices, the industry's emphasis has shifted towards swift execution rather than cost-effective functionality. Amid declining grades, rising expenses, and market fluctuations, technology-driven design stands at a crucial juncture. The mining and related sectors often opt for shortcuts based on past experiences. Many current norms may no longer align with future needs. Swift design practices also rely on rigid constraint modeling, favoring costly high-capacity solutions for consistent performance, in dynamic mining conditions. Detailed ore body assessments for more frugal designs, are reduced due to time constraints, leading to designs that often unnecessarily exceeding inherent needs. The industry now needs revert to traditional yet effective approaches, emphasizing frugal functionality with an owner's mindset approach. Incorporating human elements alongside technical aspects, a simplified approach involving industry observation, learning, and agile experimentation through an agile Technology Readiness Level (TRL) framework, can enhance outcomes from exploration to production. A strategic shift towards 'Simply Smart' aims for substantial improvements by exploring seemingly unconventional methods and addressing complex challenges within a five-year timeframe. Offline design teams can collaborate to explore innovative solutions to streamline functionalities, before integrating them back into the operational structure effectively. Embracing a 'Try More Faster' approach, focusing on adaptation, streamlines innovation projects and accelerates the adoption of proven solutions. Rapid prototyping facilitates the integration of alternative methods through scalable prototypes, ensuring a smooth transition without disrupting core operations. Practical adopters within organizations play a vital role for this, driving change by addressing implementation challenges and influencing widespread acceptance of innovations.

Source: Credit to Andrew Logan

Corporate at ZVENIA 26/02/2025

12 pasos para lograr un KPI perfecto

¿Sabías que los KPIs (Key Performance Indicators) son esenciales para el éxito empresarial? 🤔📈💼 Son métricas clave que permiten medir el rendimiento y tomar decisiones estratégicas. Sin ellos, sería imposible saber si se están alcanzando los objetivos o si es necesario ajustar la estrategia. 📊 ¿Por qué son tan importantes los KPIs? ✔️ Evalúan el progreso hacia los objetivos. ✔️ Identifican áreas de mejora y oportunidades de crecimiento. ✔️ Permiten monitorear el rendimiento del equipo. ✔️ Ayudan a mantener el enfoque en lo que realmente importa. 🔹 12 pasos para un KPI efectivo 🟢 Nivel Básico: 1️⃣ Definir el nombre del KPI. 2️⃣ Alinear el KPI con un objetivo estratégico. 3️⃣ Establecer el valor, referencia y meta. 4️⃣ Diseñar el proceso de recopilación de datos. 🔵 Nivel Experto 5️⃣ Identificar indicadores clave. 6️⃣ Definir el peso del KPI. 7️⃣ Acordar la frecuencia de actualización. 8️⃣ Establecer la fecha de caducidad. 9️⃣ Calcular el costo de seguimiento. 🔟 Asignar roles y responsabilidades. 1️⃣1️⃣ Definir escenarios de uso. 1️⃣2️⃣ Analizar la diferencia entre proyección y realidad.

Source: Credit to Felipe Israel González Lastré

Corporate at ZVENIA 05/02/2025

The Global Mining Industry, by Market Cap

What we’re showing This graphic breaks down the market value of the entire global mining industry, as of Jan. 16, 2025, using data from Companiesmarketcap.com Note that this data only covers publicly-traded companies. Australia and Canada Lead 🏆 Australia tops the list, with its major mining companies totaling $353 billion in market capitalization. The country is home to two of the biggest miners in the world, BHP and Rio Tinto. Rich in minerals, Australia is the world's largest producer of iron ore, essential for steel production, and lithium, a key component in batteries. While Canada’s economy has struggled to keep pace with its southern neighbor, its mining industry remains formidable. The country’s mining sector has a combined market capitalization of $344 billion, making it the second-largest globally. Canada, the world’s second-largest country by land area after Russia, has vast natural resource wealth. It is particularly rich in gold, copper, nickel, and potash. United States with miners totaling $228 billion and China with companies totaling $206 billion come in third and forth, respectively. Dataset Country Company Market Cap (USD) 🇦🇺 Australia BHP Group 125B 🇦🇺 Australia Rio Tinto 97B 🇦🇺 Australia Fortescue 36B 🇦🇺 Australia Northern Star 12B 🇦🇺 Australia South32 10B 🇦🇺 Australia Evolution Mining 7B 🇧🇷 Brazil Vale 37B 🇨🇦 Canada Agnico Eagle Mines 43B 🇨🇦 Canada Barrick Gold 28B 🇨🇦 Canada Wheaton Precious Metals 27B 🇨🇦 Canada Nutrien 26B 🇨🇦 Canada Franco-Nevada 24B 🇨🇦 Canada Teck Resources 22B 🇨🇦 Canada Cameco 22B 🇨🇦 Canada Ivanhoe Mines 15B 🇨🇦 Canada Kinross Gold 13B 🇨🇦 Canada First Quantum Minerals 11B 🇨🇦 Canada Alamos Gold 8B 🇨🇦 Canada Pan American Silver 8B 🇨🇦 Canada Lundin Mining 7B 🇨🇦 Canada Lundin Gold 6B 🇨🇳 China China Shenhua Energy 103B 🇨🇳 China Zijin Mining 57B 🇨🇳 China Yanzhou Coal Mining 15B 🇨🇳 China Shandong Gold Mining 14B 🇨🇳 China Ganfeng Lithium 9B 🇨🇳 China Tianqi Lithium 7B 🇮🇳 India Coal India 27B 🇮🇳 India Vedanta 20B 🇮🇳 India NMDC 7B 🇮🇩 Indonesia Bayan Resources 42B 🇮🇩 Indonesia United Tractors 6B 🇯🇵 Japan Sumitomo Metal Mining 6B 🇰🇿 Kazakhstan Kazatomprom 10B 🇲🇽 Mexico Grupo México 39B 🇲🇽 Mexico Fresnillo 6B 🇵🇱 Poland KGHM 6B 🇷🇺 Russia Nornickel 18B 🇷🇺 Russia Severstal 11B 🇸🇦 Saudi Arabia Maaden 49B 🇿🇦 South Africa AngloGold Ashanti 14B 🇿🇦 South Africa Gold Fields 14B 🇿🇦 South Africa Harmony Gold 6B 🇿🇦 South Africa Impala Platinum 5B 🇸🇪 Sweden Boliden 8B 🇨🇭 Switzerland Glencore 55B 🇬🇧 UK Anglo American 37B 🇬🇧 UK Antofagasta 21B 🇬🇧 UK Endeavour Mining 5B 🇺🇸 USA Southern Copper 77B 🇺🇸 USA Freeport-McMoRan 58B 🇺🇸 USA Newmont 48B 🇺🇸 USA Royal Gold 9B 🌍 Global Total All Companies Combined 1.4T Data sources https://companiesmarketcap.com/mining/largest-mining-companies-by-market-cap/

Source: Credit to Elements & Companies Market Cap

The Global Mining Industry, by Market Cap

Corporate at ZVENIA 23/02/2025

Why-Why Analysis (Root Cause Analysis)

Purpose: A problem-solving method used to identify the root cause of an issue by repeatedly asking "Why?" until the fundamental cause is discovered. Steps: 1. Ask "Why?" for the problem or symptom. 2. Ask "Why?" again for each answer until the root cause is identified. Example: Problem: Defective products on the assembly line. Why: Machine issues. Why: Machine not calibrated. Why: Calibration schedule missed. Why: No reminder sent to maintenance. Why: Reminder system down. Root Cause: Reminder system failure caused missed calibration, leading to defects. Outcome: Fix the reminder system to ensure timely calibration and prevent defects.

Source: Credit to Poonath Sekar

Corporate at ZVENIA 14/03/2025

Geostatistics Lectures - Does the simulation method matter? (16 pages)

Source: Credit to Dr. Abzal Narymbetov

Uranium reserves in Kazakhstan by producer companies, 2023 YE

Corporate at ZVENIA 20/12/2024

Guia de Controles Criticos que Salvan Vidas (54 pages)

28 Riesgos Críticos: Toca el ícono del índice para ver el riesgo crítico

Source: Credit to Sergio Lozano and CODELCO

Corporate at ZVENIA 20/12/2024

Mining Companies by Number of Employees

Mining companies worldwide employ millions of workers, driving not only resource extraction but also economic development in many regions. The sheer scale of employment showcases the industry's global reach and the significant role it plays in communities worldwide. Here’s a closer look at some of the largest employers in the mining sector and how they impact global labor markets. Leading Employers in Mining At the top of the list is Coal India, employing a staggering 248,550 people. Based in India, Coal India underscores the labor-intensive nature of coal mining, particularly in regions where mechanization remains limited. With a workforce more than twice the size of its closest competitor, it stands out as a leader in coal production and a vital source of livelihoods for hundreds of thousands of families. Glencore, headquartered in Switzerland, employs around 150,000 workers, making it the second-largest employer among publicly traded mining firms. With operations spanning multiple continents, Glencore's workforce reflects its diversified portfolio of mining and trading activities. Anglo American, headquartered in the United Kingdom, employs 105,000 people. Its major operations in diamonds, copper, and platinum span Africa, the Americas, and Australia, requiring a substantial workforce. Regional and Industry Trends Countries like China and South Africa host several major mining employers. For example, China Shenhua Energy and Yankuang Energy employ 83,029 and 64,279 workers, respectively. These companies focus on coal and energy production, crucial for fueling China’s industrial growth. Meanwhile, South Africa's Sibanye-Stillwater and Harmony Gold collectively employ over 97,000 workers, reflecting the region's focus on platinum and gold mining. In contrast, technologically advanced mining operations in countries like the United States employ fewer workers due to higher levels of mechanization. For example, Newmont, one of the largest gold mining companies globally, employs 21,700 people, significantly fewer than coal-heavy operations in India and China. Global Impact Mining companies not only provide raw materials essential for industries like construction, electronics, and energy but also offer direct employment to millions and indirectly support even more jobs through supply chains and associated industries. For developing countries, mining companies often play a critical role in local economies, providing infrastructure, healthcare, and education alongside employment. Conclusion Mining companies employ vast workforces across the globe, with some like Coal India dominating in sheer numbers. These companies are not only critical for resource extraction but also for job creation and economic development. As the industry evolves, so will its workforce, balancing technological innovation with the continued need to support communities dependent on mining.

Source: Credit to MiningVisuals

Corporate at ZVENIA 02/01/2025

Explosives engineers guide (52 pages)

Source: Credit to DYNO Nobel

Corporate at ZVENIA 16/01/2025

Leading Surface Level Mining Machine Suppliers

- Caterpillar Inc. leads most segments except for electric rope shovels, where Komatsu is the leader. In hydraulic excavators, Komatsu (24%) closely follows Caterpillar (26%). - Other key OEMs include Hitachi (excavators), Volvo Group (trucks, excavators, loaders), Liebherr Group (excavators), IZ Kartex (rope shovels), and BEML (dozers, graders). - Caterpillar (incl. Terex) - 40% - Komatsu (incl. JoyGlobal) - 20% - Volvo - 10% - Hitachi - 2% - Belaz - 5% - Liebherr - 1% - BEML - 5% - TataMotors - 4% - Scania - 4% - LarsenandToubro (Larsen & Toubro) Source: https://www.linkedin.com/posts/aaron-bains-47730b16a_surface-mining-caterpillar-activity-7285598509192392706-hEG3?

Source: Credit to Aaron Bains

Leading Surface Level Mining Machine Suppliers

Corporate at ZVENIA 18/01/2025

100 risk assessments (267 pages)

A book on 100 risk assessments provides examples and templates to guide hazard identification and management but should be used as a reference, not a definitive solution.

Source: Credit to Samy Benakcha

Corporate at ZVENIA 24/01/2025

Most change fails in some way or another

Here’s why (and how to fix it) ⬇️ Why does most change fail? It’s not because people resist change. It’s because leaders miss one (or more) critical ingredients: ❌ No vision? The team doesn’t know where they’re headed - causing confusion. ❌ No skills? People feel overwhelmed and anxious about their ability to deliver. ❌ No incentives? Without clear motivation, resistance builds quickly. ❌ No resources? Frustration sets in when people don’t have what they need. ❌ No action plan? You’ll see false starts and repeated mistakes. But when you get all these factors right, change becomes possible: ✅ A clear vision inspires the team and aligns their efforts. ✅ Building the right skills empowers people to contribute effectively. ✅ Meaningful incentives keep everyone motivated and engaged. ✅ Providing the necessary resources ensures a smooth path forward. ✅ A strong action plan keeps the team focused and on track. Change isn’t about luck - it’s about preparation and execution. 🧠 Remember; without all five pieces, even the best ideas will fail to stick. What’s your biggest challenge when driving change?

Source: Credit to Sean McPheat

Most change fails in some way or another

Corporate at ZVENIA 24/01/2025

How many new mines are needed for the Energy Transition?

Fascinating visualization showing that meeting global battery demand by 2030 would require 293 new mines split as shown below which will not be physically possible given the time needed to develop a new mine... - Copper, used in wires and other applications, and lithium, essential for batteries, will require the greatest number of new mines. - Manganese production would need to increase more than 4x to meet the anticipated demand. This is not going to be feasible when we know that it takes nearly 29 years to develop a new mine in the US and 10 to 15 years in Ghana, the Democratic Republic of Congo, and Laos... The transition objectives will de facto be delayed which means an increased temperature, and we'll have to learn to adapt anyway. Better late than never...

Oryx Global Partners latest report, The Need for Critical Minerals Supply Chain Diversification, highlights a pressing challenge in today’s global energy transition: the over reliance on concentrated supply chains for critical minerals. China dominates processing and refining 90% of rare earths, over 50% of nickel, lithium, and cobalt, and is forecast to produce 95% of battery grade graphite by 2030. Meanwhile, Indonesia now accounts for 62% of global nickel supply, and the DRC contributes 66% of cobalt. These concentrations create vulnerabilities to geopolitical tensions, natural disasters, and trade conflicts. The report highlights the risks of this imbalance. China’s export controls, such as its recent hashtag#antimony restrictions, have driven price spikes of up to 200%, showcasing how minerals can be weaponised. Western nations are responding through policies like the U.S. Inflation Reduction Act and EU Critical Raw Materials Act, aiming to reshuffle supply chains and reduce dependence. Source: https://wp-orynx-2024.s3.eu-west-2.amazonaws.com/media/2025/01/2025.01-Oryx-Insights-Critical-Minerals-Supply-Diversification_vf.pdf

Source: Credit to Scott North, Kingsrose Mining

Corporate at ZVENIA 30/12/2024

Maintenance Excellence: A Balance Between Speed and Quality (7 pages)

In the world of maintenance, two key metrics often take center stage: MTTR (Mean Time to Repair) and MTBS (Mean Time Between Stoppages). 🔧 MTTR reflects how quickly we can respond and restore operations after a failure. Speed is critical—every minute counts when minimizing downtime. 🏗️ MTBS, on the other hand, highlights the quality of our work and processes. It's a measure of how long a system operates without interruption—a testament to reliability. Together, these metrics form the backbone of equipment availability. Striking the right balance between repair speed and system reliability is key to ensuring consistent performance and minimizing costs. 📊 For example, improving MTTR means: Streamlining repair processes. Ensuring spare parts and tools are readily available. Methodology to reduce MTTR: Eliminating the 8 Waste. Meanwhile, increasing MTBS requires: Proactive maintenance strategies. Identifying and addressing root causes of failures. Methodologies to improve MTBS: DE: Defect Elimination RCM: Reliability Centered Maintenance RCA: Root Cause Analysis RBD: Reliability Block diagram FMEA: Failure Mode and Effect Analysis

Source: Credit to Agus Wahyudi

Corporate at ZVENIA 02/01/2025

Manejo de explosivos (20 pages)

The junior mining industry is a high-risk, high-reward arena. A practical way to navigate it is by categorizing companies by market capitalization to understand their development stage, potential, and risks. 𝟭. 𝗙𝗿𝗼𝗻𝘁𝗶𝗲𝗿 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟭𝗕–$𝟮𝗕) Advanced projects near production or significant discoveries. Look for proven reserves, feasibility studies, and potential for acquisitions. 𝟮. 𝗔𝗰𝗰𝗼𝗺𝗽𝗹𝗶𝘀𝗵𝗲𝗱 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟱𝟬𝟬𝗠–$𝟭𝗕) Late-stage development or high-grade deposits. Key questions: Can management handle the transition to production, and is funding non-dilutive? 𝟯. 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟮𝟱𝟬𝗠–$𝟱𝟬𝟬𝗠) Advanced exploration projects expanding known deposits. Evaluate management's ability to align exploration goals with shareholder value. 𝟰. 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟭𝟬𝟬𝗠–$𝟮𝟱𝟬𝗠) Scaling up exploration with promising discoveries but funding challenges. Check for strong technical teams and minimal shareholder dilution. 𝟱. 𝗣𝗿𝗼𝗺𝗶𝘀𝗶𝗻𝗴 𝗘𝘅𝗽𝗹𝗼𝗿𝗲𝗿𝘀 ($𝟱𝟬𝗠–$𝟭𝟬𝟬𝗠) Early-stage resource definition with high-grade results. Focus on drilling prioritization and management’s track record. 𝟲. 𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟮𝟬𝗠–$𝟱𝟬𝗠) Speculative plays relying on upcoming drill results or partnerships. Ensure they have enough cash to execute plans. 𝟳. 𝗘𝗮𝗿𝗹𝘆-𝗦𝘁𝗮𝗴𝗲 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟭𝟬𝗠–$𝟮𝟬𝗠) Grassroots explorers with prospective land but no major discoveries. Assess the geological rationale and team experience. 𝟴. 𝗡𝗮𝗻𝗼 𝗘𝘅𝗽𝗹𝗼𝗿𝗲𝗿𝘀 ($𝟯𝗠–$𝟭𝟬𝗠) High-risk plays with minimal funding. Look for land near significant discoveries and cash to sustain operations. 𝟵. 𝗠𝗶𝗰𝗿𝗼 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟭𝗠–$𝟯𝗠) Struggling to stay viable with speculative projects. Watch for hidden assets or potential partnerships. 𝟭𝟬. 𝗕𝗮𝗿𝗲-𝗕𝗼𝗻𝗲𝘀 𝗝𝘂𝗻𝗶𝗼𝗿𝘀 ($𝟬–$𝟭𝗠) Mostly inactive shells. Investigate whether they hold hidden value or pivot potential. 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗦𝗲𝗰𝘁𝗼𝗿 Building a diversified portfolio across categories can mitigate risks and capitalize on exploration successes. Always prioritize management expertise, funding sufficiency, and project potential. Source: GoldDiscovery

Source: Credit to resource100.com

Corporate at ZVENIA 08/01/2025

12 value reporting metrics

Because you can measure the maturity of your Procurement team... By how many KPIs you track beyond the traditional ones. This infographic shows 12 value reporting metrics (most teams report just the first 4 max) ✅ #1 - OPEX SAVINGS ❓ What: measures cost reduction achieved in the operational expenses of a business 🔢 Calculation: (Original Price - Negotiated Price) x Quantity purchased ✅ #2 - CAPEX SAVINGS ❓ What: measures the cost reductions achieved in capital expenditure 🔢 Calculation: Original price - negotiated price. ✅ #3 - COST AVOIDANCE ❓ What: measures prevention of potential future cost increases 🔢 Calculation: Expected future costs - actual future costs ✅ #4 - CASHFLOW ❓ What: measures the timing and movement of cash to improve business liquidity 🔢 Calculation: Improved cash flow from payables = delayed payables period x average purchase per day. ✅ #5 - REVENUE ❓ What: sourcing activities that contribute to increasing the business income or top-line growth 🔢 Calculation: e.g. Cost of good sold reduction (COGS). Procurement's ability to lower COGS directly impacts profitability and revenue generation. ✅ #6 - PROCESS IMPROVEMENT ❓ What: enhancement of workflows and tools to increase efficiency & improve outcomes 🔢 Calculation: time saved (hours) x hourly rate of employee ✅ #7 - RISK MITIGATION ❓ What: identifying, assessing and addressing potential risks within the supply chain 🔢 Calculation: (Risk Mitigated through Procurement / Total Identified Risk) x 100 ✅ #8 - INNOVATION ❓ What: leveraging creative strategies and advances technologies to contribute to business goals 🔢 Calculation: (Value of innovative solutions sourced by Procurement / Total Innovation-Related Spend or Revenue) x 100 ✅ #9 - STRATEGIC SOURCING ❓ What: identifying, evaluating and engaging suppliers to achieve long-term value in line with business goals 🔢 Calculation: (Value of strategic sourcing initiatives / Total Procurement Spend) x 100 ✅ #10 - EFFICIENCY ❓ What: optimising processes, resources and workflows to achieve the desired outcomes with minimal waste 🔢 Calculation: (total value delivered by Procurement / total procurement costs) x 100 ✅ #11 - SUSTAINABILITY ❓ What: sourcing goods & services in a way that minimises negative ESG impacts 🔢 Calculation: Measured by number of activities driving ESG improvements. Also environmental reporting, e.g. carbon footprint reduction ✅ #12 - DEMAND MANAGEMENT ❓ What: forecasting, planning and controlling the demand for goods and services 🔢 Calculation: Service level (availability) improvements.

Source: Credit to Tom Mills, https://procurebites.com/

Corporate at ZVENIA 16/01/2025

Finance Cheat Sheet (4 pages)

These 4 pages teach you everything you need to know Balance Sheet: The balance sheet consists of the following elements: - Current assets - Long-term assets - Current liabilities - Long-term liabilities - Shareholders equity The balance sheet is based on a simple formula: Assets = Liabilities + Equities A balance sheet shows you what a company owns and owes. Income Statement: An Income Statement shows you the revenues and expenses of a company. It consists of the following elements: Revenue - COGS = Gross Profit - Operating Expenses = Operating Income - Non-Operating Income / Expenses = Pre-Tax Income - Income Tax = Net Income Cash Flow Statement: A Cash Flow Statements shows you the cash that enters and leaves a company. The Cash Flow Statements consists of 3 elements: - Cash Flow from Operating Activities - Cash Flow from Investing Activities - Cash Flow from Financing Activities Cash Flow from Operating Activities: Net Income + Non-Cash Changes +/- Changes in Working Capital = Cash Flow from Operating Activities Cash Flow from Investing Activities: - Capital Expenditures - Acquisitions + Proceeds from the Sale of Investments = Cash Flow from Investing Activities Cash Flow from Financing Activities: +/- Borrowing/Repaying Debt +/- Issuing/Repurchasing Stocks - Dividends Paid = Cash Flow from Financing Activities

Source: Credit to Quick Study

Corporate at ZVENIA 18/01/2025

How RTK Error Corrections Work

• Behind the scenes, RTK relies on a network of GNSS satellites that transmit signals to both the base station and the mobile receiver. The base station, positioned at a stable, fixed location with visibility to satellite constellations and within radio range of the rover, continuously calculates the discrepancies between its precise coordinates and the coordinates obtained from GNSS signals. These discrepancies, or errors, include factors such as 𝘀𝗮𝘁𝗲𝗹𝗹𝗶𝘁𝗲 𝗼𝗿𝗯𝗶𝘁 𝗲𝗿𝗿𝗼𝗿𝘀, 𝗮𝘁𝗺𝗼𝘀𝗽𝗵𝗲𝗿𝗶𝗰 𝗱𝗲𝗹𝗮𝘆𝘀, 𝗮𝗻𝗱 𝗺𝘂𝗹𝘁𝗶𝗽𝗮𝘁𝗵 𝗲𝗳𝗳𝗲𝗰𝘁𝘀, which occur when signals reflect off surfaces before reaching the receiver. • The base station sends real-time correction data to the mobile receiver, which applies these corrections to its own measurements. This process involves several key steps: 𝟭. 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁𝗶𝗮𝗹 𝗖𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻𝘀 – The base station calculates the difference between the observed GNSS measurements and the true position, generating differential corrections. 𝟮. 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗧𝗿𝗮𝗻𝘀𝗺𝗶𝘀𝘀𝗶𝗼𝗻 – These corrections are transmitted to the mobile receiver via radio signals, enabling immediate adjustments. 𝟯. 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗥𝗲𝗳𝗶𝗻𝗲𝗺𝗲𝗻𝘁 – The mobile receiver applies the corrections to refine its position estimates, resulting in highly accurate coordinates. • To maintain optimal performance, it is crucial that the error in RTK positioning remains minimal—typically within a few centimeters. If the error exceeds this acceptable range, adjustments or recalibrations may be necessary to ensure measurement accuracy. Also Check: ▪️"𝗥𝗧𝗞 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱" ----https://lnkd.in/d9K2bxsC ▪️"𝗥𝗧𝗞 🆚 𝗣𝗣𝗞" ----https://lnkd.in/d9rWPcgK 🔻𝗦𝗵𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 👇🏾 🔻Follow 👉🏾: Gensre Engineering & Research Video Credit 🎥: Geospatial World & SatLab

Source: Credit to Dennis M.

Corporate at ZVENIA 15/01/2025

The top 50 biggest mining companies in the world in 2024

The world’s 50 biggest miners are now worth $1.35 trillion after losing a combined $126 billion over the course of 2024 as the copper rally faded and gold stocks once again underperformed bullion. At the end of 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of $1.28 trillion, down $126 billion for the year after a dismal final quarter when even gold firms succumbed to overall bearish sentiment. The total stock market valuation of the world’s biggest mining companies declined by 9% or a combined $126.2 billion over the course of 2024. A promising Q3, when the index touched its second highest level on record, quickly turned sour and only eight constituents made gains over the final three months of the year. The Top 50 is now trading a stomach churning $480 billion below the peak hit in the second quarter of 2022, when the entire mining complex was riding high from uranium and nickel to copper and gold. Much of the blame for the drift lower can be laid at the door of mining’s traditional champions. Passing parade Mining’s traditional big 5 – BHP, Rio Tinto, Glencore, Vale and Anglo American – that trace their roots back many decades if not more than a century, were pounded down in 2024. Together the stalwarts shed 25.3% or $119.7 billion of their value as their bread and butter commodities – copper and iron ore – went into retreat. The rampant dollar over the final months of 2024 only compounded losses: MINING.COM’s Top 50 considers performance in US$ market capitalisation terms, not share price changes in local currency on domestic exchanges. In the past these companies would, apart from wobbles as the Chinese supercycle became just a cycle, consistently occupy the top five slots in the ranking, supported by vast asset portfolios covering a range of commodities across many regions. Now the big diversifieds stocks – the mining industry’s now erstwhile version of the Mag 7 – make up less than 28% of the total index, down from a height of 38% at the end of 2022. Vale, down 44.9% for the year, a dismal outcome made worse by the 22% fall in the real last year, is the ranking’s worst performer of the year. Vale topped $100 billion in value briefly in 2022. Now the Rio de Janeiro based giant’s market cap is down to $37.7 billion and the counter has dropped out of the top 10 position pushed out by Indonesian upstart Amman Mineral. Anglo American is not a top 10 company anymore either but has the distinction of being the only one of the old guard which ended 2024 in positive territory, adding $5.5 billion, or 18.1% last year. How much of that valuation is the lingering effects of BHP’s approach is debatable, but long term investors will still be carrying the shock of January 2016 when Anglo’s market cap fell below $5 billion after it came close to suffocating under a pile of debt. With the exception of Glencore, iron ore has been the cash cow for the big 5 as China’s massive infrastructure investment sucked upwards of 80% of seaborne cargoes and prices flirted with $200 a tonne. In 2011, iron ore came with some of the fattest margins mining had ever enjoyed. With two-thirds of pre-tax profits coming from the steelmaking raw material that year BHP recorded a $24 billion windfall, Vale reaped $23 billion, Rio racked up $15 billion and Anglo made $11 billion. Today the steelmaking ingredient is back to double digits and a looming supply surge coupled with the prolonged construction malaise in China, offer little hope of a return to the go-go days. Copper cop out Copper was going to play the role of iron ore for the Top 5 going forward and in the first half of 2024 that notion began to seem plausible. Comex copper hit an all-time intraday high of nearly $5.20 a pound or $11,500 per tonne. In one 24-hour period trading volumes scaled $100 billion (twice the Dow daily average) with the bellwether metal attracting investors well beyond mining. Amid the frenzy, forecasts became ever more outlandish with 50% upside from the all-time high actually one of the more sober predictions. But it didn’t take long for the squeeze to be squoze and by the end of the year copper had barely eked out a gain. Turns out copper is not the new oil. With the copper-heavy Anglo deal dead in the water, a pivot to organic growth is under way at BHP with up to $10bn being spent on Escondida alone, the world’s largest copper mine. Rio Tinto benefits from the fact that BHP has been working its Melbourne neighbour’s 30% stake in Escondida so hard while its Resolution copper project in Arizona languishes in permitting hell. The long-running battle to expand Oyu Tolgoi in Mongolia also seems to have reached a steady state, but Rio’s diversification bent and penchant for opportunistic investment are intact. The company, one of only two miners with a $100 billion-plus valuation (and only just at the end of 2024) spent $6.7 billion to buy into lithium in 2024 just as its Jadar project in Serbia was thrown a lifeline. Whether the project goes into production is still in dispute, much like the prospects for lithium. Glencore finally got a piece of Teck Resources last year, but while highly profitable at the moment, coal is not exactly the future of mining. With geopolitics and global trade entering ever more dangerous territory, Glencore may find its trading business beginning to throw off cash. The Swiss company, which has for decades been negotiating commodity trading waters few are willing to wade into may also want to avoid the Las Bambas effect. The prospects of an IPO for Vale’s base metals spin-off seems to be vanishing into the distance and is now scheduled “going into 2027”. Moreover, the $25 billion to $30 billion promised spending to build up the business seems lavish with copper and nickel’s medium term prospects uninspiring. The new 5 Southern Copper, part of conglomerate Grupo Mexico, seems unlikely to be toppled from the third spot any time soon while fellow copper specialist Freeport-McMoRan edged Glencore out of the top 5. One out of only five listed companies with a copper production target for 2024 above one million tonnes, fourth-placed Zijin’s management seems to hold to the belief that in a boom and bust industry diversity is still the key to success. The rapidly growing company’s latest acquisition target is another billion dollar lithium miner, the $6.4 billion market cap Shenzhen-listed Zannge. The Zannge approach follows the rather controversial takeover of the giant Manono lithium project in the DRC which Australia’s AVZ Minerals claim was unlawful. Lithium stocks made the worst performing list their own during 2024 and the ranks of the battery metal producers have thinned. Already a crowded space, and with deep-pocketed Big Oil taking an active interest, most notably the new Ma’aden and Aramco deal, lithium will be tightly contested in the years ahead. Surging demand notwithstanding. Amman Mineral continues its run up, piercing the top 10 for the first time after gaining 24.7% in 2024, and 360% since its debut in Jakarta in early 2023. Some froth has disappeared from the copper-gold company’s valuation as losses from its peak at the end of Q2 last year now top $13 billion. While First Quantum Minerals ended up the clear leader among the best performers as the prospects of the re-opening of Cobre Panama mine become brighter, Polish copper major KGHM leaving the Top 50 in Q4 puts a cap on a what-could-have-been year for copper stocks. Not that shiny The value of precious metals and royalty companies climbed by a modest $18.4 billion or 7.2% in 2024, compared to gold’s 27% run up and silver’s 22% charge. Gold stocks’ relative weakness against the gold price is a perennial problem for the industry exemplified by the world’s top two producers Newmont and Barrick, which lost ground in 2024. Apart from missed targets and rising production costs at both firms, Barrick is also dealing with severe problems in Mali where it is halting its Loulo-Gounkoto mine in a dispute with the West African country’s military rulers. While Barrick moves into copper (upper guidance for 2024 is 210kt) and Newmont trims its portfolio, Agnico Eagle continues to pick up assets large and small. On a dollar basis Agnico is the best performing stock in the Top 50, adding $12.6 billion in value in 2024 (versus $9.3 billion for Zijin and $8.8 billion for India’s Vedanta) and enters the top 10 for the first time. Were it not for the limited tradability of stock in Russia’s Polyus, which greatly underperformed its peers on an ounce for ounce basis (the Moscow-based company’s 2024 target is 2.8moz) the sector’s standing in the ranks would also be greater. The position and annual performance of South Africa’s Goldfields were also hurt by exaggerated moves in its stock and the South African rand on the day the snapshot was taken. The Johannesburg-based company is off to the races in the opening weeks of 2024, jumping by 14% for a $13.3 billion valuation. Alamos Gold joined the top 50 for the first time in Q3 last year and with a more than 50% jump in value in 2024 now appears firmly ensconced in the top 50 with a valuation of $8.1 billion at the end of the quarter. The second quarter’s newcomer Pan American Silver (following its absorption of Yamana Gold) is also likely to be a permanent fixture. Uzbekistan is readying an IPO for Navoi Mining and Metallurgy Combinat – the world’s fourth largest gold mining company and significant uranium producer in 2025. NMMC debuted a $1 billion bond offering in September, marking the first global debt market issuance from a gold mining company since June 2023. Navoi should easily join the ranks of gold producers in the top 50 thanks to ownership of the world’s largest gold mine, Muruntau, and annual production of 2.9 million ounces at grades and per ounce extraction costs the envy of the sector.

Source: Credit to MINING.COM

The top 50 biggest mining companies in the world in 2024

Corporate at ZVENIA 02/11/2024

Storytelling with data (284 pages)

Bad graphs are everywhere I encounter a lot of less‐than‐stellar visuals in my work (and in my life—once you get a discerning eye for this stuff, it’s hard to turn it off). Nobody sets out to make a bad graph. But it happens. Again and again. At every company throughout all industries and by all types of people. It happens in the media. It happens in places where you would expect people to know better. Why is that? Source: Abdelsalam Elshourbagy

Source: Credit to Cole Nussbaumer Knaflic, Wiley

Corporate at ZVENIA 09/12/2024

Without mining Big Tech wouldn’t exist

Mining is an afterthought for investors. But without mining, Big Tech wouldn’t exist. It’s like watching a Michelin-starred chef get all the glory for serving a meal while the farmer growing the ingredients gets ignored. The tech industry attracts investors with shiny apps and gadgets, while mining, the industry literally making all that innovation possible, remains an afterthought. Having spent most of my career consulting for software and tech companies, stepping into mining was like stepping into a time warp. Don’t get me wrong, the industry is critical. Without it, there’d be no iPhones, no EVs, and no cloud servers. But it feels like mining is stuck in an endless cycle of outdated practices. Numbers never lie. At the start of 2023, the combined market value of the top 50 mining companies was $1.39 trillion. That’s barely a third of Apple’s valuation, even after Apple shed nearly $750 billion in a single year. Think about that for a second. One tech company losing value still dwarfs the entire mining industry’s top players. Investors throw cash at virtual assets while undervaluing the raw materials that make the digital economy even possible. Mining’s problem? It’s boring. From where I’m sitting, the issue isn’t mining’s importance. It’s that mining just isn’t sexy to investors. Tech has mastered the art of storytelling. Mining, on the other hand, markets itself like a grumpy old man yelling at clouds. No one cares how critical copper is for electrification when all they see are trucks hauling dirt. So we have a massive disconnect. We’re pouring money into NFTs and social media startups while neglecting the industries needed to sustain a green future. The market capitalization of entities like META says to us that there’s more than enough capital. The money exists. It’s just going into cat videos and dopamine hits instead of sustainable infrastructure. Mining needs to start thinking like Big Tech. It could adopt marketing practices from Silicon Valley: transparency, bold sustainability goals, and investor pitches that focus on long-term value. Right now I work with several tech projects that aim to modernize different sides of the mining industry, from operational efficiency to capital investment. Some progress has been made. But let’s be honest: these changes won’t be enough if mining doesn’t fundamentally shift how it’s perceived.

Source: Credit to Marina Baslina

Corporate at ZVENIA 05/11/2024

How to Read a Financial Statement (41 pages)

Source: Credit to Brian Feroldi

Corporate at ZVENIA 05/11/2024

Latest mining news

Rio Tinto wins approval for a US$6.7billion all cash deal for Arcadium Lithium. US$5.85 a share, the offer is a 90% premium on Arcadium Lithium's closing share priced on Oct 4th. The deal was approved by both boards and is expected to close in mid-2025. Rio Tinto CEO - Jakob Stausholm released a statement "Acquiring Arcadium Lithium is a significant step forward in Rio Tinto's long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations to supply materials needed for the energy transition."

Source: Credit to Alex Wilkinson

Corporate at ZVENIA 11/11/2024

arrow_back 15 Planning

Oportunidades de IA y ML en las soluciones de planificación minera (116 pages)

Source: Credit to AVINASH CHANDRA

Surface Mining vs. Underground Mining: Key Considerations in Mine Development

Corporate at ZVENIA 04/11/2024

9 Types of Maintenance: How to choose the right maintenance strategy (14 pages)

For all maintenance engineers Today, I came across an excellent file from the Reliability Academy titled "9 Types of Maintenance," written by the Great Erik Hupjé 👏. The document is simple yet powerful. It breaks down different maintenance strategies in a clear and professional way, making it easy to choose the right approach for your needs. This file is a must-read for anyone interested in learning more about maintenance and how to apply the right strategy in their facility or organization. Huge thanks to Erik Hupjé for creating such a valuable and straightforward. Source: Fady Faried

Source: Credit to Erik Hupjé, https://reliabilityacademy.com/

Corporate at ZVENIA 16/11/2024

7 de cada 10 reuniones de trabajo son improductivas "no sirven para nada". (Harvard)

Rescaté un texto publicado por el diario "El Cronista". La nota tiene más de un año de antigüedad, pero mantiene su vigencia en función de la experiencia práctica que todos tenemos en las oficinas y empresas. Lo dice Harvard: 7 de cada 10 reuniones no sirven para nada Una investigación muestra que el 92% de los empleados considera que las reuniones son improductivas Aunque las reuniones de trabajo pueden ser fundamentales para el correcto desempeño de la vida laboral, cada vez hay más estudios que cuestionan la verdadera utilidad de estas reuniones con respecto a la productividad de los trabajadores. La revista de la escuela de negocios de la Universidad de Harvard ha abordado esta cuestión a partir de una encuesta realizada entre cientos de ejecutivos y trabajadores. Las conclusiones son reveladoras: hasta el 70% de las reuniones serían prescindibles, en la medida en que generan muchos más problemas que soluciones. La investigación muestra que el 92% de los empleados considera que las reuniones son improductivas. Y es que, a pesar de lo que pueda pensarse, el nuevo estudio de Harvard señala que durante la pandemia se produjo una disminución del 20% en la duración promedio de los encuentros. Sin embargo, el número de sesiones celebradas aumentó, de media, un 13,5 %. La revista Forbes ha informado de las conclusiones de diversos empresarios sobre cómo modificar la incidencia negativa que pueden tener las reuniones. Entre las posibles soluciones aportadas están: 1) la introducción de un límite de 20 minutos que actúa como tope a la duración de estas citas 2) la aplicación de una cifra máxima de reuniones diarias o semanales 3) la regla de realizar las reuniones de pie, evitando sentarse y generando así un incentivo para que las conversaciones sean más ágiles. En las 76 empresas encuestadas se descubrió que la productividad de los empleados era un 71% más alta cuando los encuentros se reducían un 40%. Según los investigadores, esto se debe, en gran medida, a que los empleados se sienten más empoderados y autónomos. Así, en lugar de regirse por el horario, se les permite hacerse cargo de sus listas de tareas pendientes y se responsabilizaron de las mismas, lo que en consecuencia aumentó su satisfacción en un 52%. Por otro lado, el estudio demuestra que eliminar el 60% de las reuniones aumenta, en estas empresas, la cooperación en un 55%, ya que se da a los trabajadores la posibilidad de hallar mejores formas de conectarse entre los miembros de los equipos a un ritmo adecuado para ellos, a menudo utilizando herramientas de gestión de proyectos, como Slack o Teams, para ayudar en las comunicaciones específicas de cada proyecto. Al hacerlo, el riesgo de estrés disminuyó en un 57%, lo que mejoró el bienestar general de los empleados. Por último, la comunicación fue un 65% más clara y más efectiva, favoreciendo que hubiera muchos menos malentendidos. Para revisar una tarea o solicitud, las personas revisarían rápidamente una conversación anterior de Slack o el resumen de un proyecto. Así, el uso frecuente de frases como "Pensé que me habías dicho..." o "Tenía la impresión" rara vez se usaban entre estos trabajadores.

Source: credit to Osvaldo Silva Serqueira

7 de cada 10 reuniones de trabajo son improductivas "no sirven para nada". (Harvard)

Corporate at ZVENIA 27/11/2024

Cost-Benefit Dozer Push Method

Following the discussion about the Dozer Push Method some time aago in my previous post, in this moment, i'll try to give a general overview of the cost and benefits of this method. and next post i'll explain about the planning and implementation to mine scheduling. The cost-benefit analysis of Dozer Push Method in mining operations primarily arises from reduced dependency on trucks and excavators, leading to lower operating costs. Below is an overview of the cost and benefit considerations: => Cost Savings 1. Reduced Fuel Consumption: • Bulldozers consume significantly less fuel than a fleet of trucks and excavators. • Example: A standard dozer may use 15-20 liters/hour of fuel, whereas a large mining truck can consume 50-100 liters/hour. 2. Lower Maintenance Costs: • Trucks and haul roads require frequent maintenance, increasing costs. • Bulldozers operate in a smaller, more contained area, leading to reduced wear and tear. 3. Reduced Equipment Requirements: • Fewer trucks and excavators are needed, saving on capital and operating expenses. • A single dozer can replace multiple trucks for short-distance material movement (typically up to 200 meters). 4. Smaller Workforce: • Fewer operators are required as the method relies more on dozers than complex truck-excavator systems. 5. Less Road Construction and Maintenance: • The method eliminates or minimizes haul road construction, which can be costly, particularly in rugged terrains. => Benefits 1. Operational Efficiency: • For short distances, dozers can move material more quickly and effectively than trucks, reducing cycle times. 2. Flexibility: • Bulldozers can operate in areas where trucks may not be feasible, such as steep slopes or tight spaces. 3. Environmental Benefits: • Reduced fuel consumption translates to lower greenhouse gas emissions and a smaller carbon footprint. 4. Improved Safety: • Fewer vehicles on site reduce the risk of collisions and accidents, enhancing overall safety. => Potential Costs 1. High Initial Capital for Dozers: • Purchasing or leasing large bulldozers can require significant upfront investment. • However, the long-term savings often outweigh this cost. 2. Limited Efficiency Over Long Distances: • Dozer push is cost-effective only for short distances (typically less than 200 meters). For longer distances, trucks and conveyors are more economical. 3. Steeper Learning Curve: • Operations may require retraining of personnel to maximize the efficiency of dozer push operations. => Conclusion The Dozer Push Method offers significant cost savings in the right conditions (short distances, suitable slopes) and is particularly effective in shallow mining operations. However, a detailed feasibility study should evaluate specific project conditions to determine the exact cost-benefit ratio.

Source: Credit to Rahmat Hasanuddin

Corporate at ZVENIA 05/11/2024

Taylor´s mine life rule

In theory, it´s possible to calculate an optimum rate of extraction from an ore body, knowledge or precise assumption of the total tonnage and its sequential grades (including the effects of varying the cutoff grade), and of all cost and product prices throughout the project life is required. 💰 The maximized quantity might be total profit, total cash flow, the net present value or the internal rate of return. Thus when allowing for the practical inaccuracies of data, the calculated results cannot be considered critical. Hence, although valid, a highly mathematical approach to mine life determination is seldom of practical use. 🔍 Too low a production rate sacrifices possible economies of scale and defers possible profits too far into the future. Conversely, too high a rate may drive up the project’s capital cost beyond any ability to repay within the shortened life. Too high an output may be unsalable, while too short a life for a large enterprise may be wholly undesirable on social grounds. In real life, rates of output are strongly limited or influenced by practical problems. One of the most important of these is working space. A mine may be able to increase output as it gets older solely because its ever expanding workings offer more points of attack. 🚚 In an open pit the working space for equipment and hence maximum production rate tends to vary with the area (ft2) exposed while tonnage varies with volume (ft3). Thus one might expect the production rate for groups of more-or-less similarly shaped ore bodies to be proportional to the two-thirds power of the ore body tonnage. 🧮 The life would then be proportional to the cube root of that tonnage (F1). In this equation, it is immaterial whether short or metric tons are used. It is more convenient to use quantities expressed in millions and except for special conditions, the practical range of variation seems to lie within a factor of 1.2 above and below (F2). Taylor studied many actual projects (some operating and others only planned) involving a wide range of ore body sizes, and shapes (other than thin deposits of very large lateral extent), for which the total ore reserves were reasonably well known before major design commenced. He found that the extraction rates seemed proportional to the three quarters power of the ore tonnage rather than the two-thirds power. The designed lives were proportional to the fourth root of the tonnage. 💡 The rule provides an appropriate provisional output rate for preliminary economic appraisals and will define a range of rates for comparative valuation at the intermediate stage after which a preferred single rate can be selected for use in the feasibility study. 🖼️ The empirical formula (F2) generates the values presented in table. 📜 Reference: W. Hustrulid, M. Kuchta & R. Martin, Open pit mine planning & design Vol.1 Fundamentals, CRC Press.

Source: Credit to Alfonso Lozada Pérez

Corporate at ZVENIA 11/11/2024

The State of Critical Minerals Report 2024 (24 pages)

Last year’s inaugural State of Critical Minerals report from the Payne Institute addressed the ‘big picture” related to the essential minerals, metals, and materials underpinning modern economies. We discussed the outlook for the dramatic demand growth that is required to enable the world’s decarbonization. We reviewed the geopolitical and national security risks related to China’s dominance of several critical minerals. And, we highlighted the urgent need to diversify and bring greater resilience to our nation’s mineral supply chains. That urgency and global attention has only increased over the last year. Various challenges still exist: bolstering domestic mining for minerals, which include obstacles for new mine development; workforce constraints in the U.S. after decades of de-emphasizing domestic mining; and an investment landscape that makes it challenging for mining companies to attract capital. Additionally, we still do not have agreed principles for engagement with communities and Tribes, which could help show those communities that unlike mining’s legacy, the future can offer vibrant economic development, purpose, and jobs. It is clear that a dual focus on innovative technologies and techniques, and engagement with communities, Tribes, and wider society will both be foundational to success. Both of these have to be coupled with clear policy and institutional arrangements. In the hunt for solutions, there is no shortage of ideas from multi-party working groups, and embedded in several pieces of proposed legislation winding their way through Congress. Perhaps the most significant of the latter are also the latest to be introduced. Two bills from Senators Hickenlooper from Colorado and Tillis from North Carolina, announced at our recent Critical Minerals Symposium, seek to redress lack of integration—of strategy, of coordinating agency and of research agenda. We have no fewer than three critical minerals priorities, produced by the Department of Defense, Department of Energy and the US Geological Survey. We lack a coordinated effort driving domestic mining exploration and its future. This is illustrated by the complexity of having to navigate through upwards of 20 government agencies. And there is a lack of coordination of necessary basic research across mining activities, from exploration through to processing and tailings management. The School of Mines stands ready to do its part . A coordinating entity, such as the FutureMine Initiative, can synthesize the multiple disciplines involved in the future of mining, including advanced technologies in geophysical imaging, sensing, robotics, controls and artificial intelligence (Copan, 2023). In this year’s State of Critical Minerals report, we consider how the U.S. is responding to this rapidly changing landscape. We highlight leading work being done on the ground and with the data by the extraordinary School of Mines faculty across disciplines spanning engineering, the social sciences and data science and analytics. Their leadership is offering paths to address challenges that are surely part of our collective way forward. Morgan Bazilian

Source: Credit to Payne Institute

Corporate at ZVENIA 12/11/2024

How to Use a Total Station: Step-by-Step Setup Guide

1) Gather Your Equipment: Equipment Needed: Total station, tripod, tribrach, controller, cables, survey stake or nail, and a mallet. Tip: Ensure all equipment is charged and ready for use. 2) Establish and Mark a Point of Reference: Identify a fixed point to serve as your survey's point of reference. Mark it: Secure this point with a stake or nail for visibility. 3) Set Up the Tripod at the Reference Point: Open the tripod and position it directly over the reference point. Alignment Tip: Center the tripod approximately over the marked stake. 4) Attach the Tribrach and Coarse Level: Connect the tribrach and secure it on the tripod. Initial Leveling: Use the coarse level on the tripod for preliminary adjustments. 5) Adjust as Necessary: Fine-tune the tripod to get it as close as possible to being level. Check Alignment: Ensure it is centered over the reference point. 6) Place the Total Station on the Tripod: Carefully attach the total station to the tripod without disturbing its position. Balance Tip: Ensure it remains aligned with the reference point. 7) Connect Cables: Attach the battery pack and connect the controller to the total station. Ensure Proper Connection: Check that cables are securely connected. 8) Power On and Start Controller: Turn on the total station and activate the fine-level function on the controller. Device Check: Confirm that all components are responding correctly. 9) Make Fine Adjustments: Use the fine-level feature to center the total station precisely over the reference point. Final Check: Ensure the instrument is perfectly level. 10) You’re Ready to Survey: Begin taking measurements as required for your project, using the total station’s advanced surveying features. Source: https://www.engineersupply.com/How-to-use-a-total-station.aspx Thanks for sharing Ziad Samir

🫵 Peter House Capital hosts Mineomics Mining Economics Explained was presented to a group of investors and mining executive on Oct 15 at Peter House Capital in London. The mission is to challenge old paradigms, refocus miners on the business of maximising wealth for shareholders. 🫵 Driving new paradigms Highlighting the primacy of the orebody and explaining the key elements of our proprietary algorithm to rapidly generate multiple Hills of Value to represent the outcomes of alternative strategies is key to driving a new paradigm in the mining industry . 🫵 Show casing orebody DNA and integrating sound economic principles Recognising that ore deposits are not all borne equal, equipping miners and investors with the means to assess the economic capacity of their orebody portfolio from design through to continuing operations is Mineomics goal. 🫵 Market responding to Mineomics Demand for Mineomics training sessions is rapidly gaining traction.

Source: Credit to Craig Hutton

Corporate at ZVENIA 27/11/2024

16 mistakes to avoid in GIS

GIS is an indispensable tool for solving complex spatial problems and making informed decisions. However, even seasoned professionals can encounter setbacks due to preventable mistakes. Whether you're just starting out or have years of experience, it’s crucial to recognize and avoid common errors that can compromise data quality, mislead analysis, or hinder project progress. From overlooking metadata to relying on outdated data or poorly organizing your layers, small oversights can have big consequences. By understanding these 16 mistakes and learning how to prevent them, you can streamline your workflows, improve accuracy, and ensure your GIS projects deliver maximum value. Remember, successful GIS work isn’t just about using the right tools—it’s about applying them thoughtfully and consistently.

Source: Credit to Mashford Mahute

Corporate at ZVENIA 25/10/2024

50 Business Diagrams for Strategic Planning (56 pages)

Source: Credits to Mine Land Rehabilitation Authority (MLRA)

Corporate at ZVENIA 26/09/2024

A REFERENCE GUIDE TO SURFACE MINING APPLICATIONS (286 pages)

=> Application Benchmarks and Operating Techniques Requirements Large Wheel Loaders Hydraulic Front Shovels Hydraulic Backhoes Electric Rope Shovels Large Walking Draglines Large Mining Trucks Motor Graders Track-type Tractors Wheel Dozers Wheel Tractor-Scrapers Drills => Cat MineStar™ System Improvements through Technology => Haul Road Design and Maintenance Design and Maintenance => Truck Dump Design and Maintenance Truck Dump Operation => Scale System Benefits Transcale System Offerings and Benefits => Management Review Strategies Reference Information Performance Handbook 42 Specifications Mine Site Illustrations

Source: Credits to Caterpillar

Corporate at ZVENIA 04/09/2024

Criticidad del Sistema de Ventilación en Hundimiento por Bloques

El método de ventilación para operaciones de hundimiento por bloques es complejo y crítico debido a varios desafíos inherentes al proceso. Uno de los aspectos más delicados es la gestión de las chimeneas de ventilación, que tienden a perderse o quedar obstruidas por el movimiento continuo de material durante las operaciones. 💡𝐏𝐮𝐧𝐭𝐨𝐬 𝐂𝐫í𝐭𝐢𝐜𝐨𝐬: **𝙋é𝙧𝙙𝙞𝙙𝙖 𝙙𝙚 𝘾𝙝𝙞𝙢𝙚𝙣𝙚𝙖𝙨:Las chimeneas pueden verse comprometidas por el colapso del material o el cambio de la estructura interna del macizo rocoso, dificultando el flujo de aire y aumentando el riesgo de acumulación de gases peligrosos. **𝙈𝙖𝙣𝙩𝙚𝙣𝙞𝙢𝙞𝙚𝙣𝙩𝙤 𝘾𝙤𝙣𝙩𝙞𝙣𝙪𝙤: Se requiere un monitoreo constante y mantenimiento frecuente para asegurar que las rutas de ventilación permanezcan operativas y eficientes. **𝘼𝙙𝙖𝙥𝙩𝙖𝙗𝙞𝙡𝙞𝙙𝙖𝙙 𝙙𝙚𝙡 𝙎𝙞𝙨𝙩𝙚𝙢𝙖:El sistema de ventilación debe ser flexible y ajustarse rápidamente a los cambios en la estructura de la mina para mantener condiciones seguras. Dado el alto grado de criticidad y complejidad, es fundamental contar con un diseño de ventilación robusto y adaptable, junto con un monitoreo constante para evitar problemas operativos. Si necesitas optimizar tu sistema de ventilación en condiciones tan desafiantes, visita www.vpsconsulting.com.pe En 🟡🔵VPS CONSULTING estamos listos para ayudarte. Source: Frank Mariluz

Source: Credits to VPS Consulting

Criticidad del Sistema de Ventilación en Hundimiento por Bloques

Corporate at ZVENIA 01/10/2024

KEY MAINTENANCE MATRICS

1. Mean Time Between Failure (MTBF): What it means: This is the average amount of time a system or piece of equipment operates smoothly before something goes wrong and it breaks down. Why it matters: It helps you understand how reliable the system is by showing how long it can keep working before a failure occurs. The longer the MTBF, the more dependable the system is. 2. Mean Time To Repair (MTTR): What it means: This is the average amount of time it takes to repair a system once it has failed and get it back up and running. Why it matters: Knowing the MTTR helps you gauge how quickly your team or service can fix a problem and restore operations, minimizing downtime. 3. Failure Rate (λ): What it means: This tells you the chance or likelihood that the system will fail during a certain period, like per hour or per day. Why it matters: It gives you an idea of how often failures are expected to happen. A higher failure rate means the system is less reliable and more prone to breakdowns. 4. Reliability (R): What it means: This is the likelihood or probability that the system will keep working without failure for a specific period. Why it matters: It helps you predict how likely the system is to run smoothly for a set amount of time. A higher reliability means there's a better chance the system will operate without issues over the period you're measuring.

Accidentes fatales en la minería chilena: Un análisis desde el 2011 al 2023 🛑La principal causa…Golpeado por Roca Los datos nos proporcionan una visión clara y necesaria sobre los desafíos que enfrentamos, más allá de nuestras opiniones personales y sesgos… Utilizando datos oficiales de SONAMI, los top 3 son los siguientes: 1️⃣191 fallecidos golpeados por rocas. 2️⃣176 fallecidos por caídas desde altura. 3️⃣101 fallecidos por vehículos motorizados. Estos números reflejan una realidad que no puede ser ignorada y que lamentablemente nos precede… (para mayor detalles analizar el resumen adjunto) 🔑 Lejos de inmovilizarnos, este debe ser un combustible para seguir implementando controles críticos en terreno. 👉 P.S. ¿Cómo crees que podemos reducir estas cifras? Comparte tus ideas.

Source: Credit to Carlos Cuello Ramírez

Corporate at ZVENIA 20/09/2024

Procurement Models (103 pages)

Procurement Models - Your Free Guide 🎁 I’ve just read ‘The Procurement Models Handbook’, by Andrea Cordell & Ian Thompson. It’s an essential resource for Procurement Pros. In this carousel I’ve simplified it with a picture of every Procurement model and a simple explanation. Models that explain ➟ Key Processes ➟ Strategic Analysis ➟ Relationship Building ➟ Negotiation Techniques ➟ Management Theories ➟ Organisation Structures You can use this slide deck as ✅ your personal checklist ✅ an interview revision guide ✅ to share with your team ✅ give it to stakeholders to explain ✅ store it on your intranet as a guide Has this helped? Which model is your favourite? Any model I’ve missed? Let me know in the comments. 👇 Feel free to ♻️ repost or share this with your network. ____________________ 📌 Do you want a hi-res PDF of this carousel and all the other ones I release straight to your inbox? I’m Tom Mills Procurement Protagonist®️ I simplify Procurement. Just sign up to my free newsletter here: https://procurebites.com/ You’ll get weekly insights and my PDF cheat sheets for free, released every Monday via the newsletter. Source: https://www.linkedin.com/posts/tom-mills-procurement_procurement-models-explained-activity-7242868093855707139-XX6t?utm_source=share&utm_medium=member_desktop

Source: Credits to Tom Mills

Corporate at ZVENIA 25/09/2024

These mega mines contribute 15% of global production

The map highlights some of the world's largest mines (excluding coal and salts). I focus on the biggest pits and highest producing assets within each commodity category. The "Other" category includes primarily Nickel, Zinc, Molybdenum, some Silver, and various byproducts. What stands out is the sheer scale of iron mining compared to other commodities. So, why aren't all the largest mines iron mines? The answer lies in ore grades—the amount of metal extracted per ton of rock moved. Ore grades can vary significantly. For example, from a ton of iron ore, you might recover 600,000 grams of iron. In contrast, a ton of copper ore yields only about 8,000 grams of copper. This means copper mines need to move much larger volumes of rock to achieve their output, which is why they are often massive, even if their production is much lower than that of iron mines. Gold represents only a small fraction of total production in terms of volume, gold mines must be tiny right? No. Gold ore grades are extremely low—often 3-5 grams of gold per ton of material mined. Due to its high value, it’s economically viable to operate large mines, digging deep and hard to access the precious metal. Also, thanks to the high value, gold is often a recovered by-product of other mining activities; in fact, 30% of the gold production from the mines listed here comes as by-product from the mines that don’t primarily mine on gold. I surely have missed some notable mines deserving of inclusion, so feel free to suggest any additions!

Source: Credits to Jakob Rutqvist

These mega mines contribute 15% of global production

Corporate at ZVENIA 04/10/2024

UNDERSTANDING SPATIAL INTERPOLATION — 7 TECHNIQUES

SPATIAL INTERPOLATION DEFINED Spatial interpolation is the process of estimating unknown values at specific geographic locations using data from known points in the same area. It involves generating a continuous surface (such as temperature, elevation, or pollution levels) from discrete data points by making assumptions about how the values change spatially. This method is crucial in GIS for visualizing patterns, predicting phenomena, and filling gaps in spatial datasets. THE 7 TECHNIQUES 1. 📍Inverse Distance Weighting (IDW) Principle: Nearby points have a greater influence. Best For: Smooth, gradual surfaces. 👍 Pro: Simple and intuitive. 👎 Con: Can produce unrealistic "bullseye" patterns. 2. 📊 Kriging Principle: Uses statistical models to account for spatial correlation. Best For: Data with known spatial relationships. 👍 Pro: Provides accuracy and uncertainty estimates. 👎 Con: Requires assumptions about data variability. 3. 🌀 Spline Interpolation Principle: Fits smooth curves through data points. Best For: Smooth and gradually changing phenomena. 👍 Pro: Produces smooth surfaces. 👎 Con: May oversmooth complex datasets. 4. 🌐 Natural Neighbor Principle: Uses weighted averages of surrounding points. Best For: Irregularly spaced data. 👍 Pro: No sudden jumps in the output surface. 👎 Con: Sensitive to the spatial arrangement of points. 5. 📈 Trend Surface Analysis Principle: Fits a polynomial surface over the data. Best For: Large-scale, broad trends. 👍 Pro: Good for capturing general patterns. 👎 Con: Misses local detail. 6. 🔲 Nearest Neighbor (Thiessen Polygons) Principle: Assigns unknown points to the nearest known value. Best For: Categorizing regions. 👍 Pro: Simple and fast. 👎 Con: Produces abrupt changes between zones. 7. 📐 Radial Basis Functions (RBF) Principle: Uses flexible mathematical functions to interpolate values. Best For: Complex, non-linear data. 👍 Pro: Produces very smooth surfaces. 👎 Con: Computationally intensive. 🤔 CHOOSING THE RIGHT TECHNIQUE: 🌿 Smooth and Gradual Data? Use IDW or Spline. 📏 Statistical Accuracy? Use Kriging. ⚖️ Irregular Data? Use Natural Neighbor or RBF. 📊 Categorization or Sharp Boundaries? Use Nearest Neighbor

Source: Credit to Mashford Mahute

UNDERSTANDING SPATIAL INTERPOLATION — 7 TECHNIQUES

Corporate at ZVENIA 01/10/2024

Project Manager’s Book of Forms (265 pages)

A Project Manager’s Book of Forms is designed to be a companion to A Guide to the Project Management Body of Knowledge (PMBOK ® Guide) – Sixth Edition. The purpose is to present the information from the PMBOK ® Guide – Sixth Edition in a set of forms so that project managers can readily apply the concepts and practices described in the PMBOK ® Guide to their projects. The PMBOK ® Guide identifi es that subset of the project management body of knowledge generally recognized as good practice. It does not describe how to apply those practices, nor does it provide a vehicle for transferring that knowledge into practice. This Book of Forms will assist project managers in applying information presented in the PMBOK ® Guide to project documentation. The Book of Forms does not teach project management concepts or describe how to apply project management techniques. Textbooks and classes can fulfi ll those needs. This book provides an easy way to apply good practices to projects. Source: Saeed Baqader

Source: Credits to Cynthia Snyder Dionisio

Corporate at ZVENIA 01/10/2024

What you should know about National Instrument 43-101 and beyond

The talk will discuss the basic principles of National Instrument 43-101, the Canadian Disclosure Standards for Mineral Projects. This will include some of the ways regulation is done and some of the most common problems people have when making disclosure. The talk will also cover the securities regulatory environment for mining disclosure, some comparisons to S-K 1300, JORC and global developments and some new information about the modernizing of National Instrument 43-101. Questions are most welcome. By Victoria Yehl, M.Sc., P.Geo

Source: Credits to MMSA-MiningAndMet

Corporate at ZVENIA 15/09/2024

NI 43-101 keeps mining companies honest

Mining companies love to tell big stories, but investors want more than just promises. NI 43-101 makes sure mining companies lay everything on the table, giving investors a clear view of what’s actually going on. It forces companies to back up their bold claims with hard data. This all started after the Bre-X scandal in the ‘90s, when a company claimed they’d found a massive gold deposit in Indonesia. Stock prices soared, and investors piled in, thinking they were onto a sure thing. But it turned out to be a complete fabrication. The market tanked, and people lost everything. To stop something like that from happening again, Canadian regulators introduced NI 43-101, a rule that says any public information about a mining project has to be verified and based on solid facts, not hype. => What NI 43-101 reports are (and what they’re not)? NI 43-101 reports sum up the technical and scientific info investors need to see. These reports aren’t meant to drown people in data but to give them a clear, straightforward view of a company’s findings. If a company drills 40 holes, investors don’t want to sift through every little detail. NI 43-101 makes sure companies give the highlights—the stuff that matters, like the quality and quantity of the minerals found. The investor only wants to know what the actual results of the drilling are. You’re getting the key points, not the raw, unfiltered data. But don’t confuse these reports with full feasibility studies—they aren’t a deep dive into every aspect of the project. NI 43-101 reports are designed to give you just enough to make informed decisions without being overwhelmed. => When do mining companies need an NI 43-101 report? Mining companies have to file an NI 43-101 report in a few key situations: - when they first get listed on a Canadian exchange, - when they release major assessments like PEAs or Feasibility Studies, or - when something big changes, like new drilling data that alters their resource estimates. This rule isn’t just for Canadian companies either. Many mining companies around the world use NI 43-101 standards to build investor trust because it’s become the gold standard for disclosure. => Who prepares NI 43-101 reports? These reports must be written or approved by a Qualified Person (QP)—someone who knows what they’re doing. For smaller, junior mining companies, the report has to be prepared by an independent QP to make sure there’s no bias. These juniors depend on that independence to win investor confidence. Bigger companies don’t always need an independent QP unless something significant happens, like finding a new mineral zone or buying a new property. In some cases, in-house QPs can handle it, but if a major change happens, independence becomes key. => When does an NI 43-101 report become invalid? Here’s something important—NI 43-101 reports don’t have an expiration date, but they can become outdated if things change. Maybe commodity prices shift, or new drilling data comes in, changing the outlook of the project. When that happens, the company needs to update the report. Sometimes the stock exchange steps in and says, “You need to give us fresh numbers.” It’s about keeping everything current and making sure investors are getting the most accurate data. => Why NI 43-101 matters for investors? NI 43-101 is a tool that makes sure investors know what they’re dealing with. It protects them from inflated numbers and empty promises. Without it, companies could talk up their projects all day long, and investors would have no way of knowing what’s real. NI 43-101 keeps mining companies accountable and builds trust with investors. It’s the line that separates the hype from the facts, and in the mining world, that’s everything.

Source: Credits to Phil O'Connell

Corporate at ZVENIA 15/09/2024

101 questions to nail your next 1 on 1 (21 pages)

Only 38% of employees get weekly 1-on-1s, but those who do are 300% more engaged! (Gallup) The secret? Transformative 1-on-1 meetings. Studies show that regular, meaningful 1-on-1s can: - Increase employee performance by up to 39% - Reduce burnout by 43% - Boost engagement scores by 67% But here's the catch: Not all 1-on-1s are created equal. The difference lies in the questions you ask. That's why I've created a comprehensive guide with 101 powerful questions to transform your 1-on-1s into performance-boosting powerhouses. 🎯 Here's what makes these questions different: • Tailored to unlock hidden potential • Designed to align personal goals with company vision • Crafted to inspire innovation at every level 🔍 Sneak peek of what you'll discover: 1. Mind-opening ice breakers 2. Deep-dive performance boosters 3. Career-accelerating visioning questions 4. Innovation-sparking challenges 5. Trust-building reflection prompts Don't let your 1-on-1s be part of the 62% that fall flat.

Source: Credits to Sarah Touzani

Corporate at ZVENIA 02/09/2024

Junior Mining Network

Junior Mining Network (a publication of Gold Royalties LLC) provides users with an innovative platform that features up-to-the-minute press releases, detailed intraday market data and free stock quotes for nearly 2,000 publicly traded resource sector stocks, ranging from micro-cap junior exploration to large-cap mining companies.

The potential we’re missing is enormous. The cost to our goals is too high to ignore this. We've all been there: There's a lot that competes for our attention. Days that feel scattered and unproductive. Leaving us questioning our efficiency. These days often become a blur. Rather than clear, focused efforts. Research shows that having a structured daily routine can boost productivity by 200%. ❓ Ready to turn things around? Use my Productivity Checklist to see where you're currently at. Then think about what you need to: ✅ Stop doing ✅ Start doing ✅ Do more of ✅ Do less of ❓Do you think this could help you and others?

Source: Credits to Sean McPheat

80% of us end each day feeling unproductive

Corporate at ZVENIA 01/10/2024

The Business English Vocabulary Builder (128 pages)

Welcome to The Business English Vocabulary Builder. Business idioms in English can be a confusing and intimidating territory even to the best language student, which is why a concise dictionary such as this one is such a useful and beneficial acquisition. Whenever you hear an unfamiliar phrase, you can check its definition within these pages, and reinforce the knowledge in your mind for the next time it pops up in conversation. Within this book you’ll find hundreds of new ways to express yourself in every business situation that you can imagine! While some of the idioms in this book can be applied outside of a business context too, ALL of them can be used to improve your fluency and understanding when at work, and in other professional settings. English is a rich and versatile language – we’ve provided at least one example for each idiom, but we recommend that you practice using them by forming your own examples and testing them in real conversations. Don’t be afraid of making mistakes in spoken English – that’s how we learn! Nothing improves communication more than actually communicating, and this book will help you to become more comfortable and fluent in native and natural English-speaking situations, both inside and outside of the boardroom. Your confidence will build, leading you to feel more at ease and less overwhelmed. As you use this book, you’ll notice some phrases highlighted in bold throughout the explanations on each page. These are other idioms and useful phrases for a business environment. If the meaning of the phrase is unclear, then you will be able to check its definition in the appropriate place in the book. We have alphabetized the whole book – over two hundred idioms in total! This makes it easier for you to find the right place when looking for a specific meaning. Idioms, phrasal verbs, and other English terms and phrases are often described as being the most difficult aspect of the language to grasp. With this book, we’ve swapped difficulty with interesting facts! Where possible, we’ve tried to give you some linguistic knowledge on the roots of the idioms and phrases discussed. Sometimes, understanding something at a deeper level can help with knowledge retention. Some tips before you get started: • Use each new phrase as soon as possible – practice makes perfect! • Keep this book in your bag – you’ll want it close at hand in times of need! • Don’t be afraid of making mistakes – you’re on a learning curve! So, what are you waiting for? Delve into the interesting world of English phrases that don’t mean what they seem and become the fluent language student that you were born to be! Source: Mohamed Elhanbaly

Source: Credits to Lingo Mastery

Corporate at ZVENIA 04/09/2024

PPK Method in Drone Mapping

1. GPS Data Collection: During a drone flight, the UAV is equipped with a Global Navigation Satellite System (GNSS), which includes GPS receivers to capture positioning data. The GPS receivers record the drone's coordinates and other relevant information during the entire flight. 2. In-Flight Kinematics: The drone's flight dynamics, including its position, orientation, and velocity, are continuously recorded by the onboard sensors. 3. Post-Processing: After the drone completes its mission, the collected GNSS data and in-flight kinematics data are downloaded to a computer for post-processing. Specialized software is used to precisely synchronize the GPS data with the in-flight kinematics data. 4. Base Station Corrections: PPK often involves the use of a ground-based reference station with known coordinates as a base station. The corrections from the base station are applied to the drone's GNSS data, compensating for errors introduced by factors such as atmospheric conditions and satellite signal delays. 5. Centimeter-Level Accuracy: By post-processing the data and incorporating corrections, PPK achieves significantly higher accuracy compared to real-time kinematics (RTK) methods. The resulting drone survey data can reach centimeter-level accuracy in terms of spatial positioning. 6. Reduced Reliance on Real-Time Corrections: Unlike Real-Time Kinematics (RTK), which requires continuous communication with a base station during the flight, PPK eliminates the need for real-time corrections. This allows for more flexibility in flight planning and remote location mapping. 7. Applications: PPK is widely used in applications such as photogrammetry, surveying, mapping, and precision agriculture. It enhances the accuracy and reliability of geospatial data collected by drones, making it invaluable for industries that demand high-precision mapping. In summary, the PPK method is a powerful technique that enhances the accuracy of drone mapping by carefully post-processing GNSS data, correcting for errors, and achieving centimeter-level precision in the final geospatial outputs. Image: heliguy.com

Source: Credits to S. Hassan Alavi

Corporate at ZVENIA 24/09/2024

Top mining asset valuation methods: pros and cons (12 pages)

The valuation of a mine can make or break its future. But understanding the key methods for valuing assets isn’t always simple. That’s why we’re breaking it down—plain and simple. Here are the top mining asset valuation methods you should know: Net Present Value (NPV) Discounted Cash Flow (DCF) Internal Rate of Return (IRR) Decoupled Net Present Value (DNPV) Real Options Valuation (ROV)

Source: Credits to Stormlands Mining Ltd

Corporate at ZVENIA 18/09/2024

Dashboard Overload

=> A Noisy Dashboard Makes for a Silent Strategy With so much data at our fingertips and endless analytics tools at our disposal, it can be easy to become overwhelmed and paralyzed by the sheer volume of information. Businesses are constantly being told that they need to measure their performance, but when everything becomes a KPI, the actionable insights become lost in the noise. Instead of moving forward with confidence, companies often freeze, unsure of where to focus their attention. Too many metrics lead to confusion, not clarity, making it difficult to stay on track. We’ve probably all heard the expression (often wrongly attributed to Peter Drucker), “If you can't measure it, you can't manage it.” While there’s truth in that statement, the reality is far more complex. What you choose to measure will dictate your focus, your resources, and ultimately, your success. Here are the five biggest mistakes companies make when selecting KPIs and, more importantly, specific tips to avoid falling into these traps. 1. Measuring What’s Easy, Not What’s Important The Problem: Raise your hand if you’ve ever picked a KPI because it was easy to track. Don’t worry, you’re not alone. Many businesses fall into the trap of measuring what’s convenient instead of what’s critical. Just because you have mountains of data at your fingertips doesn’t mean it’s all worth tracking. For example, tracking website visits? Fun. But is it telling you how engaged your audience really is? Tips: Start with Objectives, Not Data: Begin by defining your strategic goals and then work backward to determine what data you need. Don’t let the availability of data dictate what you measure. Focus on Actionable Metrics: Ask yourself, “If this metric changes, can we take action based on it?” If the answer is no, it’s not a useful KPI. Limit KPIs to Key Priorities: Focus on a few high-impact KPIs that are directly aligned with your business goals, rather than trying to track everything. The fewer KPIs you have, the more focused and actionable your strategy will be. Test for Impact: Before fully adopting a new KPI, run a pilot to see if it drives valuable insights. If not, discard it and try another. 2. Getting Too Cozy with Lagging Indicators The Problem: We all love a good success story, but when it comes to KPIs, focusing only on what’s already happened—those lagging indicators—makes you a bit of a historian. While it’s nice to know your revenue last quarter, wouldn’t you rather know how you’re shaping up for the next one? Lagging indicators are safe and cozy because they give you clear results, but they also lull you into a false sense of security. Tips: Incorporate Leading Indicators: Use a mix of leading and lagging indicators. Leading indicators, such as customer engagement or sales pipeline metrics, give you insights into future performance and can help you make proactive adjustments. Balance Short-Term and Long-Term: Select leading indicators that can inform immediate actions (like the number of sales calls made) as well as long-term results (like customer retention or product development milestones). Track Trends, Not Just Snapshots: Set up tools that allow you to monitor trends in leading indicators over time. This will help you anticipate changes and respond before lagging indicators signal trouble. Automate Alerts: Implement tools that notify you when leading indicators deviate from expected patterns, allowing for quicker course corrections. 3. KPIs: Disconnected from Reality (and Strategy) The Problem: Have you ever been on a road trip with no destination in mind? That’s what happens when your KPIs don’t align with your business strategy. You’re measuring things, sure, but none of them are helping you get closer to where you want to be. When KPIs aren’t tied to what the business is trying to achieve, you risk losing focus and wasting resources on activities that don’t contribute to long-term success. Tips: Tie Every KPI to a Goal: Every KPI should be explicitly linked to a business objective. For example, if the goal is to increase customer loyalty, a useful KPI might be the Net Promoter Score (NPS). If a KPI doesn’t support a goal, it doesn’t belong on your dashboard. Use Strategic Mapping: Develop a strategy map that clearly links KPIs at different levels of the organization to the overarching business strategy. This ensures alignment from the executive level down to individual teams. Regularly Review Alignment: Set up quarterly or annual reviews to ensure that your KPIs still align with evolving business objectives. As strategies change, your KPIs should evolve to reflect new priorities. Communicate the “Why” to Teams: Make sure that everyone in your organization understands how their KPIs connect to the broader strategy. This alignment fosters accountability and ensures that everyone is moving in the same direction. 4. Turning KPIs Into Personal Incentive Traps The Problem: There’s nothing wrong with rewarding employees for hitting KPIs, but when KPIs become too linked to personal incentives, things can get messy. People start gaming the system. When a KPI becomes the sole focus because it’s tied to a bonus or reward, it often misses the bigger picture and may even encourage counterproductive behavior. Tips: Use a Balanced Scorecard: Include a variety of KPIs in performance evaluations to ensure that no single metric dominates. For example, balance financial metrics with customer satisfaction and operational efficiency. Incorporate Qualitative Metrics: Pair quantitative KPIs with qualitative feedback to ensure that employees are incentivized to think about the bigger picture. For example, sales teams might be measured on both revenue and customer feedback to ensure a balanced approach. Avoid Short-Term Focus: Design KPIs and incentives that encourage long-term thinking. For instance, incentivize customer retention or product quality rather than just quarterly revenue numbers. Monitor for Unintended Consequences: Regularly assess whether the incentive structures are leading to gaming of the system or other counterproductive behaviors. If so, adjust the KPI mix to better reflect holistic success. 5. Letting KPIs Go Stale The Problem: KPIs are not set-and-forget metrics. Yet, many companies treat them like family heirlooms, never to be touched or adjusted. But just like that ancient fruitcake Aunt Martha sends every Christmas, KPIs can go stale if they’re not regularly revisited and refreshed. Business evolves, markets change, and so should your KPIs. Tips: Schedule Regular KPI Reviews: Set up a recurring schedule to review your KPIs—at least once a year, but ideally quarterly. During these reviews, assess whether each KPI is still providing value and relevance to your current strategy. Use Feedback Loops: Solicit feedback from teams on the ground to identify whether KPIs are still driving the right actions. Teams working directly with the data will have insights into which metrics are useful and which have become outdated. Replace or Refresh Outdated KPIs: Don’t hesitate to drop KPIs that no longer serve a purpose. Replace them with new metrics that better reflect your current objectives and market conditions. Adjust Targets as Necessary: KPIs often start as educated guesses. As more data becomes available, recalibrate targets to ensure they are both challenging and realistic, reflecting current business circumstances. => Final Thoughts: Cut the Noise, Amplify the Strategy KPIs are there to guide you, but too many, or the wrong ones, are just static on the line. If your dashboard is crammed with meaningless metrics, it’s time for a refresh. Less is more when it comes to KPIs. Prioritize simplicity, relevance, and actionability. The right KPIs won’t just measure success—they’ll help drive it. So, clear the noise, focus on the signals that matter and let your strategy sing. Source: https://www.jeffwinterinsights.com/insights/dashboard-overload

Source: Credits to Jeff Winter

Corporate at ZVENIA 16/09/2024

3 Depreciation Methods, Visualized

DEPRECIATION 🚗 🤖 🏭 An accounting method used to allocate the cost of tangible assets (such as buildings. machinery, and vehicles) over their useful lives. It represents the systematic reduction in the value of an asset due to wear and tear, obsolescence, or other factors. Depreciation happens to TANGIBLE Assets (you CAN touch them) Examples: →Car 🚘 →Equipment 🤖 →Buildings 🏭 3 DEPRECIATION METHODS 1️⃣ STRAIGHT - LINE The most common and easiest method to calculate depreciation. To use this method of depreciation, you need to divide the cost of an asset by the useful life of an asset (in years). 🔎 FORMULA: Cost / Useful Life 2️⃣ DECLINING BALANCE Used to calculate large depreciation expenses or assets that quickly lose value. Multiply the opening book value by the depreciation rate. 🔎 FORMULA: Opening book value x (100% / Useful Life of asset) 3️⃣ SUM OF THE YEARS DIGITS An accelerated depreciation method makes the expense higher in the early years and lower in the latter years. Multiply the cost of an asset by its useful life over the sum of the years digits. 🔎 FORMULA: Cots x ( Useful life / Sum of the Years digits) See the infographic for examples! Follow Brian Feroldi for more content like this.

Source: Credits to Brian Feroldi

arrow_back 03 Mine organization

Corporate at ZVENIA 27/09/2024

Introduction to AI in the Mining Industry (8 pages)

The mining industry, one of the cornerstones of modern civilization, is undergoing a transformative shift as it embraces the power of Artificial Intelligence (AI). This revolutionary technology is poised to revolutionize every aspect of the mining sector, from exploration and extraction to supply chain optimization and worker safety. In this comprehensive introduction, we will delve into the profound impact of AI on the mining industry, uncovering the challenges, opportunities, and cutting-edge applications that are shaping the future of this vital sector. Source : Ali Abou El fadl Mohamed

Source: Credits to Ali Fadl

Corporate at ZVENIA 06/09/2024

Top 100 Excel Shortcuts (by Nicolas Boucher)

Make yourself 2x more productive in Excel 100 shortcuts ranked from Basic, Intermediate, Advanced, and Underrated Like, Bookmark this and Share it. Thousands of hours will be saved! You want the High Resolution PDF? 👉 Here is the link: https://lnkd.in/eYYzweAi If you think you know well Excel, I bet you will still learn something new in the Advanced table (items 51 to 75). What do we cover? A list of essential Excel shortcuts for professionals. Here is a preview: 🟠 Basic 1. How to copy text? Ctrl + C 2. How to cut text? Ctrl + X 3. How to paste? Ctrl + V 4. How to undo? Ctrl + Z 5. How to redo? Shift + F11 (get the answers 6-25 in the Cheat Sheet below) ⚪ Intermediate 26. How to autosum? Alt + = 27. How to fill down? Ctrl + D 28. How to fill right? Ctrl + R 29. How to do flash fill? Ctrl + E 30. How to insert hyperlink? Ctrl + K (get the answers 31-50 in the Cheat Sheet below) ⚫ Advanced 51. How to show / hide ribbon? Ctrl + F1 52. How to create custom view? Alt + W + C 53. How to paste special (values only)? Ctrl + Alt + V > V 54. How to change font format? Ctrl + Shift + F 55. How to goal seek? Alt + A + W + G (get the answers 56-75 in the Cheat Sheet below) 🔵 Underrated 76. How to move to the next open workbook window? Ctrl + F6 77. How to move to the previous open workbook window? Ctrl + Shift + F6 78. How to insert current date and time? Ctrl + Shift + : 79. How to paste values & formatting only? Ctrl + Alt + V > T 80. How to apply or remove cell wrap? Alt + H + W (get the answers 81-100 in the Cheat Sheet below) Source : Nicolas Boucher, LinkedIn www.nicolasboucher.online

Source: Credits to Nicolas Boucher

Top 100 Excel Shortcuts (by Nicolas Boucher)

Corporate at ZVENIA 05/09/2024

GUIDELINES AND CONSIDERATIONS FOR OPEN PIT DESIGNERS (16 pages)

Your company may have a haul road/pit design manual – use it if it exists. For those that do not have a design manual, or only have limited guidelines, then this article may help you in the process of designing your first pit. Source: https://www.deswik.com/wp-content/uploads/2018/03/Guidelines-Considerations-for-Open-Pit-Design.pdf

Source: Credits to Deswik

Corporate at ZVENIA 06/10/2024

Accounting Summary (19 pages)

Source: Credits to Geoff Deans

Corporate at ZVENIA 12/08/2024

Copper Producers Top 3 Companies Vs China

China, with its huge manufacturing sector, is by far the biggest consumer of copper. Currently, 70% of copper used in China is imported. As a result, the country has invested heavily in copper mines to secure future supply. This graphic uses exclusive data from our partner, Benchmark Mineral Intelligence, to compare copper output from the top three global producers with Chinese miners. Since some of the mining operations have shared ownership, this graphic takes into consideration only the portion of production relative to the company’s stake in each mine. Chinese Miners Set to Overtake Major Producers by 2025 In 2010, Chinese miners produced a total of 1.2 million tonnes of copper. In that same year, the top producer, Chilean state miner Codelco, produced 1.8 million tonnes, while the world’s largest miner and second-largest copper producer, BHP, produced 1 million tonnes. Over the years, however, Chinese output has surged while major miners have faced challenges. In 2023, Codelco’s production fell to its lowest level in a quarter of a century due to operational problems and project delays. 🇨🇳 China 🌐 Rest of World Year/millions of tonnes Zijin CMOC MMG Tongling Other China BHP Freeport Codelco 2010 0.059 0.000 0.001 0.007 1.090 1.021 0.979 1.760 2011 0.061 0.000 0.001 0.006 0.956 0.959 0.959 1.796 2012 0.082 0.000 0.046 0.007 1.070 1.070 0.975 1.805 2013 0.104 0.003 0.184 0.007 1.530 1.129 1.046 1.791 2014 0.116 0.014 0.149 0.007 1.753 1.126 1.074 1.841 2015 0.126 0.040 0.199 0.007 1.810 1.085 1.230 1.891 2016 0.134 0.047 0.374 0.007 1.984 1.023 1.388 1.827 2017 0.178 0.155 0.422 0.011 1.978 0.995 1.222 1.842 2018 0.212 0.127 0.383 0.019 1.967 1.161 1.239 1.807 2019 0.299 0.140 0.315 0.031 2.046 1.197 1.104 1.706 2020 0.377 0.173 0.272 0.066 2.290 1.147 1.081 1.727 2021 0.518 0.192 0.235 0.093 2.378 1.068 1.328 1.728 2022 0.750 0.226 0.214 0.123 2.440 1.180 1.327 1.553 2023F 0.828 0.329 0.236 0.134 2.298 1.283 1.302 1.442 2024F 0.886 0.460 0.301 0.121 2.421 1.423 1.421 1.414 2025F 0.980 0.467 0.309 0.158 2.441 1.471 1.342 1.531 2026F 1.031 0.467 0.332 0.206 2.477 1.513 1.369 1.591 2027F 1.036 0.568 0.332 0.255 2.467 1.383 1.345 1.600 2028F 1.058 0.698 0.332 0.255 2.467 1.186 1.286 1.580 Meanwhile, China’s biggest copper producer, Zijin Mining, saw its production rise from 0.059 million tonnes in 2010 to 0.8 million tonnes last year. Combined, Chinese companies produced 3.2 million tonnes of copper in 2023, compared to the combined production of 4 million tonnes by Codelco, Freeport-McMoRan (the biggest copper producer in the U.S.), and BHP. According to Benchmark Mineral Intelligence data, Chinese miners are forecasted to surpass the three top producers in 2025, with a combined production of 4.4 million tonnes compared to 4.3 million tonnes from Codelco, BHP, and Freeport.

Source: Credits to Commodity Trading Club

Copper Producers Top 3 Companies Vs China

Corporate at ZVENIA 25/07/2024

PROCUREMENT METRICS AND MATHEMATICAL FORMULAE (9 pages)

𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝘀: 𝗔𝗿𝗲 𝗬𝗼𝘂𝗿 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝗧𝗲𝗹𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝗹𝗹 𝗦𝘁𝗼𝗿𝘆? 📊 Ever feel like you're drowning in data, but still thirsty for insights? Procurement is a numbers game, but it's not just about crunching them – it's about understanding what they mean for your bottom line and strategic goals. That's why I've put together this handy cheatsheet carousel, breaking down the essential metrics across different procurement categories: 𝗖𝗔𝗣𝗘𝗫 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Uncover the hidden costs beyond the price tag. 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀: Keep your projects on track and under budget. 𝗗𝗶𝗿𝗲𝗰𝘁 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Optimize your supply chain for efficiency and cost savings. 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝗱𝗶𝘀𝗶𝗻𝗴: Balance inventory, demand, and profitability. 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗣𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁: Measure the true value and cost of your service providers. 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝗮𝘁𝗶𝗼𝗻: Track your shipments and control your freight costs. 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝗮𝗿𝗲 𝗷𝘂𝘀𝘁 𝘁𝗵𝗲 𝗯𝗲𝗴𝗶𝗻𝗻𝗶𝗻𝗴. 𝗧𝗵𝗲 𝗿𝗲𝗮𝗹 𝗺𝗮𝗴𝗶𝗰 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝘄𝗵𝗲𝗻 𝘆𝗼𝘂 𝘂𝘀𝗲 𝘁𝗵𝗲𝗺 𝘁𝗼 𝗱𝗿𝗶𝘃𝗲 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀, 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝗱𝗲𝗮𝗹𝘀, 𝗮𝗻𝗱 𝗯𝘂𝗶𝗹𝗱 𝘀𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝘀𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀.

Source: Credits to Nishant R

Corporate at ZVENIA 09/08/2024

Gestión de Cierre de Minas en el Perú (4 pages)

Me complace compartir con ustedes un artículo sobre la Gestión de Cierre de Minas en el Perú, elaborado como parte del Programa de Especialización en "Gestión Integral de Planes de Cierre" de la Escuela de Postgrado GERENS. Espero que lo encuentren interesante y valioso. Agradezco de antemano sus comentarios😊

Source: Credits to Jhoselin Pampa Zavala

Corporate at ZVENIA 25/07/2024

THE ULTIMATE GUIDE TO BASIC DATA CLEANING (66 pages)

In this ebook, we describe simple, yet crucial, techniques to help you clean your data effectively. In case you wish to apply this learning in the future, we have incorporated a number of examples and exercises to give you hands-on learning. All you need is Microsoft Excel (versions 2007 or above). Don’t worry if you are unfamiliar with Excel — each chapter will teach you everything you need to know. Source: Mitesh Bhatt

Source: Credits to Atlan

Corporate at ZVENIA 09/08/2024

How you can hold better meetings as a leader ?

Have you ever been part of a professional "meeting culture," sometimes described as an "overly 'meeting-centric' culture"? You know, where decreased productivity, inefficiency, and low morale reign supreme. Everyone experiences 'meeting fatigue' and complains about going to too many meetings. Still, holding and managing effective meetings is a significant responsibility and a large part of every leader's job. In his 2004 book, "Death by Meeting," Patrick Lencioni emphasizes the importance of structuring and conducting meetings "to align with the organization's goals, encouraging productive communication and decision-making, rather than letting meetings become time-wasting ordeals." His approach emphasizes the importance of structure, purpose, and team dynamics in making meetings more effective. By implementing these principles, leaders can transform meetings from time-wasting events into valuable tools for communication, decision-making, and problem-solving within their organizations. Here's how you can hold better meetings as a leader: 1) Always Define the Purpose. By clearly articulating the purpose of each meeting, you ensure that everyone understands why the meeting is necessary and what its expected outcomes are. 2) Create a Compelling Agenda. Having a well-structured agenda that outlines the topics to discuss and the time allocated to each, focuses us on critical issues and avoids unnecessary one-off conversations that can distract us from what we need to do. 3) Utilize Different Meeting Types. Choose among daily check-ins, to weekly team meetings, monthly individual progress meetings, and quarterly off-sites. Varying your meeting types lets people know it's OK to meet differently and still be able to accomplish work objectives. 4) Be Ruthless in Your Management of Time. Priorities get accomplished when sticking to a scheduled agenda, starting and ending on time, and allocating the most time to the most critical issues. 5) Encourage Healthy Conflict. When we create an environment where open debate and creative friction occur more frequently, we help team members feel comfortable expressing their opinions and engaging in challenging conversations. 6) Focus on Results. Every discussion, decision, and action becomes vital when they're outcome-driven. We accomplish this by clarifying and documenting agreed-upon actions at the close of each meeting. And the best meeting recommendation of all? Lead by example. As a leader, set the tone for all meetings by being punctual, engaged, and committed to the meeting process, reinforcing their purpose and importance in executing organizational priorities. Meetings are necessary for our business success and should be considered a helpful tool and resource for leaders to lead their people with; they don't have to suck. As a leader, you must take ownership of everything that happens in your meetings. Why not start today?

Source: Credits to Meetingsift & Monte Pedersen

How you can hold better meetings as a leader ?

Corporate at ZVENIA 29/08/2024

Things You Can't Live Without | Episode 10 |

Hod Lipson, Columbia University professor and award-winning robotics researcher, shares with Dr Anna the one item he can’t live without - his Graphics Processing Unit (GPU). The conversation reveals how much GPUs underpin our electronic world, and how one somewhat unsung element - boron - is at the heart of making them work. Our Chief Executive Minerals Sinead Kaufman unpicks what boron is, how it’s extracted, and what needs to be done to keep us having the electronic devices so many of us rely on. We also look at how AI might have a role to play in the future of mining, why boron is “the WD-40 of the world” and what’s being done to help sustainability by “robots eating robots”.

Source: Credits to Rio Tinto

Corporate at ZVENIA 02/09/2024

World Steel data

The World Steel Association (worldsteel) is a non-profit organisation with headquarters in Brussels, Belgium. A second office in Beijing, China, opened in April 2006. worldsteel is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. Members represent around 85% of global steel production. It was founded as the International Iron and Steel Institute on 10 July 1967. It changed its name to the World Steel Association on 6 October 2008. The association celebrated its 50th anniversary in 2017.

https://worldsteel.org/

Corporate at ZVENIA 02/08/2024

Ranked: Top Silver Producing Companies of 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Silver is one of the world’s most precious metals, holding an important position as a tradeable commodity and an essential part of many industrial processes and necessary technologies such as the next-generation photovoltaics helping power the transition to clean energy. So, for this graphic, we used data from the Silver Institute’s World Silver Survey 2024 to rank the top silver-producing companies of 2023. Who Produces the Most Silver in 2023? In 2023, silver mining companies collectively produced 831 million ounces of silver with the top 20 companies contributing 43% of that total—371 million ounces. Here’s how this breaks down on a per-company basis: Rank Company HQ Country Region Production (Moz) 1 Fresnillo 🇲🇽 Mexico N. America 54 2 KGHM Polska Miedź 🇵🇱 Poland Europe 46 3 Hindustan Zinc Ltd 🇮🇳 India Asia 24 4 Pan American Silver 🇨🇦 Canada N. America 20 5 Glencore 🇨🇦 Canada N. America 20 6 CODELCO 🇨🇱 Chile S. America 19 7 Industrias Peñoles 🇲🇽 Mexico N. America 19 8 Southern Copper 🇺🇸 U.S. N. America 18 9 Newmont 🇺🇸 U.S. N. America 18 10 Solidcore Resources* 🇰🇿 Kazakhstan Asia 18 11 Volcan Cia Minera 🇵🇪 Peru S. America 15 12 Hecla Mining 🇺🇸 U.S. N. America 14 13 South32 🇦🇺 Australia Oceania 13 14 BHP 🇨🇦 Canada N. America 12 15 Boliden 🇸🇪 Sweden Europe 10 16 Nexa Resources 🇱🇺 Luxembourg Europe 10 17 Coeur Mining 🇺🇸 U.S. N. America 10 18 First Majestic Silver 🇨🇦 Canada N. America 10 19 SSR Mining 🇺🇸 U.S. N. America 10 20 Hochschild Mining 🇵🇪 Peru S. America 10 Grand Total 371 *Polymetal Intl. changed its name to Solidcore Resources following an acquisition in June 2024 North America is home to 11 of the world’s top 20 silver mining companies, including Mexican company Fresnillo, which produced the most silver last year, at 54 million ounces. Silver Industry Trends Global production of silver dropped by 1% between 2022 and 2023, mainly driven by industry events that disrupted production, impacting several key silver-producing nations. For example, between Q2 and Q3 of 2023, industrial action saw the suspension of the Newmont Peñasquito mine, and Argentina, as a whole, produced a lower grade of silver than expected in 2023. However, many companies in smaller silver producers, such as Chile, have partially offset this loss through increased production. Silver in 2024 Despite the challenges, there is hope for a potential production recovery from Mexican and U.S. mines in 2024. However, The Silver Institute expects total output from silver mining companies to fall by less than 1% again in 2024, with forecasts predicting an output of approximately 824 million ounces. This expected production fall can be attributed to a drop in local production in Peru, where many productive mines have been temporarily closed. The data for this visualization was sourced from the World Silver Survey 2024, a publication by one of our data partners, The Silver Institute. Our data partnerships are commercial agreements that may or may not include compensation, and partners are not involved with our editorial or graphical processes in any capacity. Source: visualcapitalist

Source: Credits to Visualcapitalist

Ranked: Top Silver Producing Companies of 2023

Corporate at ZVENIA 20/08/2024

Everyday things that mining makes possible in your life (18 pages)

EN: In the month of mining, the Fundacion Minera de Chile wanted to spread these educational graphics about the everyday things that mining makes possible in your life. ES: En el mes de la minería, la Fundacion Minera de Chile ha querido difundir estas gráficas educativas respecto a las cosas cotidianas que la minería hace posible en tu vida. Source: Francisco Javier Lecaros M.

Source: Credits to: Fundacion Minera de Chile

Corporate at ZVENIA 21/08/2024

Perumin 37 (6 pages)

September 22 to 26, 2025, in Arequipa, Peru. PERUMIN, the most important mining convention in Latin America, is an event organized by the Peruvian Institute of Mining Engineers, which enables the meeting of multiple national and international actors to analyze the latest developments in mining, involve the industry with the socioeconomic reality of the country and strengthen links between mining companies, suppliers, civil organizations, multilateral agencies, national and regional authorities, academia, among others. Under the slogan "Building together a greater Peru", PERUMIN 37 stands as a platform for consensus between the State, the private sector and citizens to discuss and agree on mechanisms for sustainable territorial development for a more equitable, modern, organized and transparent country. And for the sake of this determination, to evaluate the most pressing demands and coordinate actions to meet them. Thus, this great mining meeting will put under the spotlight the role of mining as a leading industry in the application of first-class technologies, compliance with environmental protection standards and, mainly, its contribution to the progress of the nation and the welfare of the population. PERUMIN 37th Mining Convention has an attractive agenda of activities in line with the reality of our mining industry and the country’s context, involving the participation of representatives of world-class companies, investors, foreign authorities, representatives of multilateral organizations, etc. All of this, consolidated in the programs of the Mining Summit, the Technology, Innovation and Sustainability Forum (TIS Forum), Extemin, the International Meeting, PERUMIN Hub, PERUMIN Inspira, among others. With all this, we ratify our commitment to the mining industry, which has become the spearhead of Peru's progress over the last 30 years, our country thus receiving the admiration and praise of the entire world. You are all welcome! Darío Zegarra President of the Peruvian Institute of Mining Engineers Source: https://perumin.com/perumin37/public/en

Source: Credits to Perumin

Corporate at ZVENIA 06/08/2024

71% of meetings are unproductive

This results in billions of hours lost. Let me help you avoid this. Sharing meeting tips from top entrepreneurs: 1. Elon Musk: Be Super Prepared Ensure thorough preparation for meetings. Be ready to answer any follow-up questions. Maintain high standards and efficiency. 2. Steve Jobs: Keep Meetings Small Limit the number of attendees. Remove unnecessary participants. Enhance simplicity and productivity. 3. Larry Page: Immediate Decision-Making Make decisions without waiting for meetings. Designate a decision-maker for every meeting. Increase agility and reduce delays. 4. Satya Nadella: Long Leadership Meetings Hold extended weekly leadership meetings. Use performance dashboards to align efforts across units. Ensure alignment and coordination among senior leaders. 5. Ben Horowitz: One-to-One Meetings Hold structured one-on-one meetings. Employee sets the agenda; manager listens 90% of the time. Encourage upward communication and idea sharing. 6. Marissa Mayer: Aggressive Vetting Thoroughly vet ideas during meetings. Ask detailed questions about research and methodology. Ensure well-thought-out proposals. 7. Alfred Sloan: Follow-Up Memos Send follow-up memos post-meeting. Summarize discussions, set deadlines, and assign accountability. Ensure clarity and action post-meeting. 8. Sheryl Sandberg: Strict Agendas Use a strict agenda with action items. Cross off items one by one; end the meeting early if the agenda is completed. Keep meetings focused and concise. Remember this advice: Make sure your meetings are never wasted. P.S. What do your meetings look like?

How does the saying go…Nothing is certain except death, taxes, and meetings? We spend a lot of our life in meetings, so we might as well learn how to lead them well. I’ve learned a lot about meetings over 25 years at Microsoft. One thing that is special to callout is that I’ve only led remote teams, except for one year at Microsoft. What that means is that I have a couple decades of mastering remote teams, remote work, and driving innovation around the world using hybrid teams, remote work, and asynchronous collaboration. In this guide, you can learn some of the most effective ways to lead teams that change the world.

Source: Credits to J.D. Meier

Corporate at ZVENIA 30/08/2024

5 Signs Of A High-Performing Team

A team's success isn't just about their talent. It also takes: — Trust — Safety — Leadership — Commitment Every great team was once a group of individuals. They didn't know much about each other. They had to learn to trust each other. They had to find common ground. A great leader's job is to turn a group into a team. Want a high-performing team? 14 tips to get them there: 1. Provide growth opportunities 2. Create a safe environment 3. Offer and seek feedback 4. Encourage collaboration 5. Set clear expectations 6. Encourage innovation 7. Communicate openly 8. Celebrate small wins 9. Admit your mistakes 10. Build connections 11. Recognize efforts 12. Lead by example 13. Show empathy 14. Be transparent A high-performing team isn't built overnight. But with strong leadership, it will happen. Your team has the potential. Unlock it.

Source: Credits to Dr. Christian Poensgen

Corporate at ZVENIA 24/07/2024

Financial Ratios E-book (37 pages)

Source: Credits to Justin Bateh

Corporate at ZVENIA 26/07/2024

Mine is losing money?

Sustainable profits create sustainable mines. Mine is losing money? It means it’s not accounting for all costs, including sustaining capital (SustEx). Many mines only consider operating costs (OpEx) when setting cut-off grades. This might make the deposit look larger and more profitable initially, but it’s misleading. Using just OpEx ignores the ongoing capital expenses required to keep the mine running. For example, when mines set a lower cut-off grade, they include lower-grade material, which reduces overall margins and cash flow. Imagine a mine with a total cost of $150 per tonne and a gold value of $50 per gram. Setting a cut-off at 3 grams per tonne gives a decent margin if the average grade is 5 grams per tonne. But if 20% of the material is only 2 grams per tonne, the average grade drops, slashing margins and cash flow by 30%. Mines that don’t include SustEx in their cost basis often find themselves in a cash flow crunch, unable to fund necessary environmental protections. In Central America, one mine lowered its cut-off so much that all operating profits went just to meet SustEx needs, breaking even with no returns for investors. This lack of funds also means they can’t afford proper environmental measures, leading to both financial and environmental failure. Including all-in-sustaining costs (AISC) in financial planning ensures that only profitable material is mined, improving overall margins and cash flow. This allows the mine to remain financially healthy and capable of funding environmental measures. This approach aligns with economic and environmental sustainability, supporting both profitable operations and responsible mining practices. It’s why the industry now sees AISC as the best practice for reserve estimation and life-of-mine planning.

Source: Credits to Phil O'Connell

Corporate at ZVENIA 09/08/2024

How To Identify Exceptional CEOs

Companies are made by people and the role of the CEO is quintessential. If you are an investor, it's important to look at the CEO because they determine the future of the business for a big part. But how can you recognize a great CEO? Here are 7 traits of exceptional CEOs: 1. Visionary: Sets a clear and overly ambitious goal. e.g. Matthew Prince at Cloudflare: "To make the internet better." 2. Communicator: Articulates ideas, strategies, and performance transparently for investors. e.g. Jeff Green at The Trade Desk. 3. Accountable: Takes responsibility for the company’s performance, good or bad. e.g. @Sundar Pichai after Google's demo blunders. 4. Adaptive: Responds effectively to industry changes and market disruptions. e.g. Mark Zuckerberg at Meta, reacting to TikTok with more video focus. 5. Stakeholder Oriented: Thinks of customers, employees, and shareholders, in that order. e.g. Jeff Bezos at Amazon. 6. Innovative: fosters a culture of innovation and invests in future growth. e.g. @Elon Musk at Tesla. 7. Planner: Prioritizes long-term success over short-term gains. e.g. Mark Leonard at Constellation Software Inc.

Source: Credits to Kris Heyndrikx

Corporate at ZVENIA 25/07/2024

54 charlas de seguridad de 5 minutos (55 pages)

Amigo de la seguridad : ❞𝐓𝐞 𝐜𝐨𝐦𝐩𝐚𝐫𝐭𝐢𝐦𝐨𝐬 𝟓𝟒 𝐜𝐡𝐚𝐫𝐥𝐚𝐬 𝐝𝐞 𝐬𝐞𝐠𝐮𝐫𝐢𝐝𝐚𝐝❞ 🚧🔍 ¡La seguridad empieza antes de comenzar! 🔍🚧 En cualquier entorno de trabajo, las charlas de seguridad antes del inicio de labores son esenciales. 🛠️💡 Estas sesiones no solo preparan a los trabajadores para enfrentar riesgos, sino que también fomentan una cultura de prevención y cuidado. 👷‍♂️👷‍♀️ ¿Por qué son tan importantes? 🤔 1️⃣ Conciencia de riesgos: Identificamos y analizamos los peligros potenciales. ⚠️ 2️⃣ Procedimientos claros: Todos conocen los pasos a seguir en caso de emergencia. 🚒 3️⃣ Prevención activa: Disminuimos accidentes y mejoramos la seguridad general. 📉 Gestión Integral HQSE 🇵🇪 Source: WILMER ARTURO PAREDES QUISPE

Source: Credits to Gestión Integral HQSE

Corporate at ZVENIA 09/08/2024

1:1 meetings are a manager’s most critical management tool

Stop disappointing your team by avoiding these 5 common mistakes: ❌ Canceling On Your Best People I get it. We have more to do than hours in a day, so we triage to focus on what’s urgent. We know our best people have us covered, so we nudge their 1:1 to next week. But nothing says “you’re not important” quite like removing the one meeting each week that’s about supporting them. ❌ Keeping Your Distance Read the common wisdom about management, and it’ll steer you clear of personal topics. I’m sorry, this just isn’t human. We spend more time with our teams than our families. Get to know your directs personally. It’s a prerequisite for caring. ❌ Getting Status Reports If your entire meeting involves transmitting data that could have been an email, you’re doing it wrong. Get them to maintain a dashboard that you can review before the meeting. Then, use the time to probe, coach, and support. ❌ Sitting Still Want to raise the energy of this meeting? Change your environment: – Meet up at a high-energy coffee shop. – Hop up and start riffing on a whiteboard. – Get outside and cover critical topics on a walk. ❌ Going Long Parkinson’s Law states that work will fill the space you give it. If your 1:1s feel drawn out, try cutting the time in half.

Source: Credits to Dave Kline

1:1 meetings are a manager’s most critical management tool

Corporate at ZVENIA 26/08/2024

Geospatial Models: DEM, DTM, DSM, DFM

💡DEM (Digital Elevation Model):💡 A DEM is a digital representation of the Earth's surface that depicts the elevation of terrain features. It is typically represented as a grid, with each cell in the grid containing a value that represents the elevation at that location. DEMs are widely used in various applications, such as geographic information systems (GIS), environmental modeling, and terrain analysis. 💡DTM (Digital Terrain Model):💡 A DTM is a specific type of DEM that represents the bare Earth's surface without any features like buildings, vegetation, or other structures. It provides a more accurate representation of the natural topography by filtering out cultural features. DTMs are essential in applications like hydrology, landform analysis, and terrain modeling where the focus is on understanding the natural terrain without the influence of human-made structures. 💡DSM (Digital Surface Model):💡 A DSM represents the Earth's surface, including both the natural terrain and any overlying structures or vegetation. It includes all objects on the Earth's surface, such as buildings, trees, and other features. DSMs are often used in urban planning, forestry, and other applications where a comprehensive understanding of the surface, including man-made structures and vegetation, is necessary. 💡DFM (Digital Feature Model):💡 DFM is a more general term that can encompass both natural and man-made features on the Earth's surface. It includes information about the elevation of terrain as well as the representation of specific features like buildings, roads, and other structures. DFM is useful in applications where a comprehensive representation of the entire environment, including both natural and artificial features, is required. In summary, DEM represents the elevation of the Earth's surface, DTM focuses on the bare natural terrain, DSM includes both natural and man-made features, and DFM is a broader term encompassing digital models of various features on the Earth's surface. Image: researchgate.net

This graphic shows global silver production in 2023, broken down by nation. Key takeaways 831 million ounces of silver were mined globally in 2023. Mexico was the world's top producer of silver at 24%. The data for this visualization was sourced from the World Silver Survey 2024, a publication by one of our data partners, The Silver Institute. Our data partnerships are commercial agreements that may or may not include compensation, and partners are not involved with our editorial or graphical processes in any capacity. Dataset Top Silver Producing Nations 2023 (million ounces) Rank Nation Region 2023 YoY % Change 1 Mexico N. America 202 -5% 2 China Asia 109 -2% 3 Peru S. America 107 0% 4 Chile S. America 52 24% 5 Bolivia S. America 43 10% 6 Poland Europe 43 0% 7 Russia Europe 40 -3% 8 Australia Oceania 34 -8% 9 United States N. America 32 -3% 10 Argentina S. America 26 -16% 11 India Asia 24 6% 12 Kazakhstan Asia 17 8% 13 Sweden Europe 13 -14% 14 Indonesia Asia 10 -1% 15 Morocco Africa 9 1% 16 Rest of World 71 Data sources Figures rounded to the nearest whole number. CIS = Commonwealth of Independent States https://www.silverinstitute.org/world-silver-survey-2024/

Source: Credits to Visual Capitalist

Corporate at ZVENIA 25/07/2024

Catalogue of Notable Tunnel Failure Case Histories (237 pages)

Tunnel failure catalogue is a valuable resource for engineers and anyone involved in tunnel construction case histories of tunnel failures around the world by studying these failures, engineers can learn from their mistakes and improve their own tunneling practices. Source: Syed Shah

Source: Credits to Civil Engineering and Development Department

Corporate at ZVENIA 12/08/2024

Data Cleaning: Beginner Excel Guide - updated (24 pages)

Are you struggling with messy data in Excel? 🤯 Don't worry, this guide will help you! 🛠️ In this carousel series, we'll unveil essential tools and techniques to tidy up your data and unleash its full potential for analysis and reporting. Each slide has practical advice, from removing duplicates to handling text variations. 🚀 Let's dive in and transform your data chaos into clarity! 💡 If you like it, please save and share. Follow me for more content. 𝗘𝘅𝗰𝗲𝗹 𝗗𝗮𝘁𝗮 𝗖𝗹𝗲𝗮𝗻𝗶𝗻𝗴 𝗩𝗶𝗱𝗲𝗼: https://youtu.be/EG1yJCLrUNY?si=RntuGwj6ESdq1XSu 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝘁𝗼 𝗺𝘆 𝗬𝗼𝘂𝗧𝘂𝗯𝗲 𝗰𝗵𝗮𝗻𝗻𝗲𝗹: How to Learn Excel:

Source: Credits to Yaroslav Drohomyretskyi

Corporate at ZVENIA 02/07/2024

Average lead time almost 18 years for mines started in 2020–23

Source: Credits to Paul Manalo

Corporate at ZVENIA 27/06/2024

Top 10 time supply chain metrics

Because time is money and we know this too well in supply chain... This infographics contains the top 10 ⏰ time supply chain metrics as follows: ✅ Metric #1 On Time Delivery 👉 Meaning: shows how many orders are delivered on time 🧮 Calculation: (Number of On Time Deliveries/ Total Number of Deliveries) X 100 ✅ Metric #2 Lead Time 👉 Meaning: measures the average time from order placement to order delivery 🧮 Calculation: Delivery Date – Order Date ✅ Metric #3 Cycle Time 👉 Meaning: measures the average time that it takes to complete a product 🧮 Calculation: Net Production Time/ Number of Units Produced ✅ Metric #4 Takt Time 👉 Meaning: measures the rate by which a manufacturer must complete a product to meet customer demand 🧮 Calculation: Potential Production Hours/ Units Required (Customer Demand) ✅ Metric #5 Throughput Time 👉 Meaning: shows the time that it takes a product to move through processes 🧮 Calculation: (Processing time + Move time + Queue time)/ Number of Units Produced ✅ Metric #6 Warehouse Receiving Time 👉 Meaning: measures how efficient the goods receipt process is 🧮 Calculation: (Number of Items Received and Inspected)/ Total Time Taken ✅ Metric #7 Put-Away Time 👉 Meaning: shows how long it takes between an item’s arrival and its storage 🧮 Calculation: Total Time from Receiving to Storage/ Number of Items ✅ Metric #8 Pick Rate 👉 Meaning: measures how efficient the picking process is 🧮 Calculation: Number of Items Picked/ Total Number of Hours in Picking ✅ Metric #9 Machine Uptime 👉 Meaning: measures the time that a machine is available and operational 🧮 Calculation: (Time the Machine is Operational/ Time Observed) X 100 ✅ Metric #10 Unplanned Downtime 👉 Meaning: shows the time that the asset is down due to an unexpected disruption or failure or process 🧮 Calculation: (Time Asset is Down due to Unexpected Event/ Total Time) X 100 What other metrics would you add?

Source: All credits to Marcia D Williams

Corporate at ZVENIA 15/07/2024

10 Accounting Entry-Level Roles with Responsibilities & Qualifications (13 pages)

I have had the opportunity to participate in many finance restructurings, define roles and responsibilities, and develop the required skill set for each role. I am taking all those 20+ years of corporate experience and helping SMEs structure their finance teams with precise roles and responsibilities and the skills needed to perform duties. Based on that, I have compiled a list of 10 entry-level accounting roles with the key responsibilities, skills, and qualifications required for each. Whether you are a job seeker or a hiring manager, you will find the information helpful. The most important part is the list of qualifications and certifications you can consider. I have done thorough research to save you hours of work. Capitalize on it! Some of them are Canadian-focused, but you can always find an equivalent course within your region. Would you like a similar guide for other finance roles? Let me know in the comments. The following topics are covered in the guide: ➖ 10 Key Responsibilities ➖ Technical, Soft & Systems Skills ➖ Number of Years of Experience Required ➖ Potential Progression ➖ Qualification & Certifications including: 🔸 CMA and/or CPA Canadian & US Designation 🔸 Certified Bookkeeper offered by the Certified Professional Bookkeepers of Canada (CPB Canada) and the American Institute of Professional Bookkeepers 🔸 Certified Accounts Payable Professional offered by the Institute of Financial Operations & Leadership 🔸 Certified Credit Professional (CCP) offered by the Credit Institute of Canada. 🔸 Certified Receivables Compliance Professional offered by Receivables Management Association International. 🔸 Payroll Compliance Practitioner offered by the Canadian Payroll Association Accounting Roles Included: ✅ Accounting Clerk ✅ Accountant Payables ✅ Accountant Receivables ✅ Bookkeeper ✅ Accountant Payroll ✅ Junior Accountant ✅ Financial Data Entry Specialist ✅ Billing Coordinator ✅ Expense Analyst ✅ Tax Assistant What other roles can you add to the list?

Source: Credits to Abdul Khaliq

Corporate at ZVENIA 12/07/2024

70% of leaders fail to lead and are considered toxic (10 pages)

70% of leaders fail to lead and are considered toxic: They don't know how or want to leverage the power of a team. They focus on themselves, and not others, but this is a failure of leadership. Did you know that effective teamwork can: • Boost productivity and revenue per employee by 30% (Foundr, 2023). • Reduce Staff Turnover because collaborative work environments see a 30% lower staff turnover rate (Foundr, 2023). • Experience Higher Job Satisfaction since employees in collaborative settings are over 50% more effective at completing tasks (UC Today, 2023). • Increase profits by 29%; businesses with effective collaboration are 30% more innovative (DeskBird, 2023). Let's become part of the 30% and focus on effective teamwork. Outlined below are some key takeaways from prominent team models: • Cultivate trust, accountability, and commitment within the team. • Establish unambiguous goals, norms, and expectations from the outset. • Provide ample support, resources, and foster a climate of support. Reflecting on these models, which have you implemented, and do you have a favorite?

Source: Credits to Roger Mark Thompson

Corporate at ZVENIA 04/07/2024

From Orthophoto to True Orthophoto

Creating a true orthophoto involves a series of steps to ensure that the resulting image provides a true top-down view, free from any perspective distortions, including the correction of terrain relief, camera angles, and building lean. Here's an overview of the process: ✅1-Aerial Image Acquisition: Aerial imagery is captured using specialized cameras mounted on drones. These cameras capture images of the area of interest from different angles and altitudes(with 80% frontcoverage and 60% side coverage or more). ✅2-Image Preprocessing: Raw images are preprocessed to correct for lens distortion, vignetting, and other optical aberrations. This step is crucial to ensure the accuracy of subsequent processing. ✅3-Photogrammetric Processing: Photogrammetry is used to determine the spatial relationship between the images and the ground. This involves identifying common features in multiple images (tie points) and using these to calculate camera positions, orientations, and a point cloud representing the terrain. ✅4-Digital Surface Model (DSM) Generation: A Digital Surface Model is created using the point cloud data, which represents the Earth's surface including buildings, vegetation, and terrain relief. ✅5-Digital Terrain Model (DTM) Generation: The Digital Terrain Model represents the bare Earth surface without buildings and vegetation. It's derived from the DSM by filtering out structures and other above-ground features. ✅6-Orthorectification: The orthorectification process corrects the image for relief displacement by using the DSM and DTM. Each pixel in the image is transformed to its true ground position, removing the effects of terrain and camera perspective. ✅7-Building Vectorization: Using the orthorectified imagery and additional processing, buildings and other vertical features are detected and vectorized to create accurate building footprints. ✅8-True Orthophoto Generation: The orthorectified imagery is further processed to create a seamless true orthophoto. This involves blending and combining the orthorectified images while ensuring that building facades and other vertical features are removed, resulting in a true top-down view. ✅9-Quality Assessment: The final true orthophoto is rigorously evaluated for accuracy, completeness, and visual quality. Any remaining distortions or inaccuracies are addressed and corrected. 🔍Specialized software and expertise in photogrammetry, remote sensing, and geospatial analysis are critical for successfully creating high-quality true orthophotos. Additionally, accurate ground control points, precise camera calibration, and quality aerial imagery are essential components of this intricate process.

Source: Credits to S. Hassan Alavi

Corporate at ZVENIA 05/07/2024

Preparing Your Budget Calendar

Work backwards. Always! It has always worked for me to build a budget calendar. I have helped three clients build their budget calendars this year alone. Two of them said they had never considered the process this way. During my corporate career, I worked with a CFO who was super flexible how I did my work, but super strict with deadlines. That's how I have been trained to prepare and adhere to deadlines. You can do that too. Your budget calendar may look different from mine, and that is okay. By following this process, you will arrive at the calendar that fits your and your organization's needs. Start by asking these questions and working backward: Q1: When is the budget meeting for the Board's approval? Q2: Do you need to present it first to the Executive Committee? Q3: If yes, when is the Executive Committee meeting set? Q4: How many days before your CFO wants to review the budget before the Executive Committee's meeting? Q5: When does the CFO want to review the first draft? Q6: How long do you need to consolidate the budget? Q7: How long does the department typically take to complete the departmental budget? Q8: How long do you need to prepare budget guidelines, assumptions, templates etc.? Q9: How long do you need to plan for the budget How do you prepare and plan for your budget?

Source: Credits to Abdul Khaliq

Corporate at ZVENIA 10/07/2024

Comparison of Geographical Coordination Systems: WGS84, UTM, and Local coordinates

1- Global Coordinate System: WGS84 Geographic Basis: WGS84 (World Geodetic System 1984) is a three-dimensional geographic coordinate system that uses the Earth as a reference. It is based on a geodetic model that includes an ellipsoid, a mathematical model approximating the Earth's shape. Definition: Positions are defined using latitude and longitude relative to the WGS84 ellipsoid. Geographic lines represent angles between the location and the Earth's center, where positions are determined with geographic coordinates (Latitude, Longitude). Applications: This system serves as the foundation for position determination in the **Global Positioning System (GPS)**, and it is used in global mapping, navigation applications, and Geographic Information Systems (GIS). 2- Coordinate System: UTM Geographic Basis: UTM (Universal Transverse Mercator) is a two-dimensional metric coordinate system based on the Transverse Mercator projection. The Earth is divided into 60 longitudinal zones, each extending 6 degrees in longitude, and the Transverse Mercator projection transforms geographic locations into rectangular coordinates (X, Y) within each zone. Definition: In the UTM system, geographic coordinates (latitude and longitude) are converted into metric coordinates representing locations within a specified zone. The coordinates are expressed as Easting and Northing relative to a metric coordinate system for each zone. Applications: It is primarily used for applications requiring high accuracy over small to medium scales, such as detailed mapping, geographic surveying, and civil engineering planning. 3- Local Coordinate Systems Geographic Basis: A local coordinate system is any coordinate system tailored for a specific project or area. It can be metric or angular and may use a local reference framework. Definition: Positions in this system are defined based on a local reference frame specific to a location or project. This system can involve vector coordinates or specific projections for the site. Applications: It is used in applications requiring detailed project planning, such as building design, environmental monitoring systems, or civil engineering projects. It is useful for applications needing precise coordinates within a localized geographic area.

Source: All credits to Ziad Samir

Comparison of Geographical Coordination Systems: WGS84, UTM, and Local coordinates

Corporate at ZVENIA 20/05/2024

Construction Cost estimating guide (59 pages)

Source: Source and credits: Julián Ortiz

Corporate at ZVENIA 24/07/2024

10 Crucial Investing Ratios

1️⃣ Gross margin (GM) 🎯 What? The company's gross profit compared to its revenue 💡 Formula? Sales - COGS / Sales 2️⃣ EBIT Margin 🎯What? What percentage of sales remains as profit before tax and interest 💡 Formula? EBIT / Sales 3️⃣ Debt-to-Assets 🎯What? The total amount of debt a company has relative to its assets 💡 Formula? Debt / Assets 4️⃣ Debt-to-Equity 🎯What? Ratio used to calculate a company's financial leverage 💡Formula? Debt / Equity 5️⃣ CAPEX/Sales 🎯What? Measures the capital intensity of a company 💡 Formula? Capital Expenditures / Sales 6️⃣ Return On Equity (ROE) 🎯What? Indicates how profitable a company is in relation to its equity 💡 Formula? Net Income / Equity 7️⃣ Return On Invested Capital (ROIC) 🎯What? Shows you how efficiently a company is allocating capital 💡 Formula? NOPAT / Total Inv. Capital 8️⃣ Earnings Per Share (EPS) 🎯What? How much money a company makes for each share outstanding 💡 Formula? Net Income / Shares Outstanding 9️⃣ Free Cash Flow Realization 🎯What? Measures how much earnings are translated into free cash flow 💡 Formula? Free Cash Flow / Net Income 🔟 Price-to-Earnings Ratio (P/E) 🎯What? Ratio that compares a company's share price to its earnings per share 💡Formula? Price Per Share / Earnings Per Share Which ratio would you add?

Source: Credits to Pieter Slegers

Corporate at ZVENIA 28/06/2024

Accurate plans of the design of the ventilation system

⚡A ventilation audit is a systematic, documented, periodic and productive evaluation of how well our system is working according to regulatory requirements and commitments. As a ventilation leader, we have to establish minimum requirements to protect persons underground from hazardous conditions specific to the mine. ⚡ I have extensive experience dealing with governmental audits related to ventilation mining operations. As a ventilation engineer, I have worked closely to ensure that all regulations were being followed according to mandatory standards. I strongly believe this helps us to compliance with legislative requirements and give us opportunity for improvement. ⚡One requirement consists on ventilation plans, which have to be updated at intervals not exceeding of six months (time depends on country regulatory), I recommend to have a monthly update showing location of fans, doors, directions and volumes of air flows: intake air – blue, exhaust air – red.

Source: Credits to Manuel Gutiérrez

Accurate plans of the design of the ventilation system

Corporate at ZVENIA 24/06/2024

The Future of Global Coal Production (2021-2024F)

The Future of Global Coal Production Visualized Coal is the world’s most affordable energy fuel, and as such, the world’s biggest commodity market for electricity generation. Unfortunately, that low-cost energy comes at a high cost for the environment, with coal being the largest source of energy-related CO2 emissions. Despite its large footprint, coal was in high demand in 2021. As economies reopened following the start of the COVID-19 pandemic, countries struggled to meet resurgent energy needs. As a readily available low-cost energy source, coal filled the supply gap, with global coal consumption increasing by 450 million tonnes or around +6% in 2021. This graphic looks at the IEA’s coal production forecasts for 2024, and the specific countries projected to reduce or increase their production over the next few years. Which Countries Are Increasing (or Reducing) Coal Production? Global coal production was a topic of scrutiny at the COP26 conference held in November of 2021, where 40 countries pledged to stop issuing permits and direct government support for new coal-fired power plants. However, many of the top coal-producing countries did not commit to the pledge. China, the U.S., India, Russia, and Australia abstained, and of those five, only the U.S. is forecasted to reduce coal production in the next two years. Country Coal Production (2021) Coal Production (2024F) Share (2024F) Change (2021–2024F) 🇨🇳 China 3,925 Mt 3,982 Mt 50% +57 Mt 🇮🇳 India 793 Mt 955 Mt 12% +162 Mt 🇮🇩 Indonesia 576 Mt 570 Mt 7% -6 Mt 🇺🇸 United States 528 Mt 484 Mt 6% -44 Mt 🇦🇺 Australia 470 Mt 477 Mt 6% +7 Mt 🇷🇺 Russia 429 Mt 445 Mt 5% +16 Mt 🇪🇺 European Union 329 Mt 247 Mt 3% -82 Mt 🌐 Other 839 Mt 855 Mt 11% +16 Mt Source: IEA With 15 EU countries signing the pledge, the European Union is forecasted to see the greatest drop in coal production at 82 million tonnes, along with the greatest forecasted reduction in coal consumption (101 million tonnes, a 23% reduction). Reducing Coal-Fired Power Generation in the U.S. The U.S. and Indonesia are the other two major producers forecasted to reduce their reliance on coal. The U.S. is projected to cut coal production by 7.5% or 44 million tonnes, while Indonesia’s reduction is forecasted at 6 million tonnes, or just a 1% cut of its 2021 production. Despite not joining the COP26 pledge, the U.S. is still noticeably pursuing short and long-term initiatives to reduce coal-fired power generation. In fact, 85% of U.S. electric generating capacity retirements in 2022 are forecast to be coal-fired generators, and there are further plans to retire 28% (59 GW) of currently operational coal-fired capacity by 2035. Coal Makes Energy Ends Meet in China and India Modern consumption and production are instead focused in Asia. China and India produce almost 60% of the world’s coal, and are expected to increase their production by more than 200 million tonnes per year, collectively. All this coal goes towards meeting the insatiable energy demands of both nations. While China has pledged to start cutting down coal consumption in 2026, the country also announced the construction of 43 new coal-fired power plants to meet energy demand until then. Part of the additional production is driven by a need to reduce the country’s dependence on coal imports, which are expected to drop by 51 million tonnes or 16% from 2021–2024. By 2024, China’s coal consumption is forecasted to rise by 3.3% and India’s by 12.2%, which would make the two countries responsible for two-thirds of the world’s coal consumption.

Source: Credits to elements.visualcapitalist.com

The Future of Global Coal Production (2021-2024F)

Corporate at ZVENIA 05/06/2024

Visualizing the Size of Mine Tailings

Visualizing the Size of Mine Tailings On January 25th, 2019, a 10-meter tall wave traveling 120 km/h, washed 10 million m3 of mining waste from the Brumadinho tailings dam over the Brazilian countryside killing somewhere between 270 and 320 people. This was a manmade disaster, made from mining the materials we use daily. Every copper wire in your house, steel frame in an EV, or any modern appliance comes from mining. Mining leaves behind waste in the form of tailings stored in dams or ponds around the world. This infographic takes a look at the estimated size of one part of this waste, tailings, visualized next to the skyline of New York City as a benchmark. Quantifying Mining’s Material Impact In the wake of the Brumadinho tailings failure, the International Council on Mining and Metals (ICMM) began a review with institutional investors and the United Nations Environment Programme (UNEP), to survey tailings facilities around the world. The Global Tailings Review tracked a total of 1,743 unique facilities containing 44,540,000,000 m3 of tailings. This dataset represents only 30.2% of global commodity production. However, the review estimated the total number of active, inactive, and closed facilities is around 8,500. If we use the assumptions for the 1,743 estimate to calculate for the 8,500 facilities, a total of 217,330,652,000 m3 of tailings are in storage globally. What are Tailings? Not all rock that comes out of the ground is metal. Miners find, remove, and refine rocks that carry a small amount of metal we need. According to the USGS, 72 billion tonnes of material produced just over 10 billion tonnes of ore. Only 14% mined material makes it to processing for metals. Waste rock (tonnes) Material Sent to Mill (tonnes) Ore Produced (tonnes) Tailings (tonnes) 72,000,000,000 18,800,000,000 10,180,000,000 8,850,000,000 Tailings are what is left over after mills separate the metal from the mined rock. The processed material “tailings” comes from the “tail” end of a mining mill and comprise fine particles mixed with water forming a slurry. Mining companies will store this waste in dams or ponds. REAL ASSETSVisualizing the Size of Mine TailingsPublished 3 years ago on May 15, 2021 By Nicholas LePan Tweet Share Share Reddit Email VCE Mine Tailings V2 Use This Visualization Visualizing the Size of Mine Tailings On January 25th, 2019, a 10-meter tall wave traveling 120 km/h, washed 10 million m3 of mining waste from the Brumadinho tailings dam over the Brazilian countryside killing somewhere between 270 and 320 people. This was a manmade disaster, made from mining the materials we use daily. Every copper wire in your house, steel frame in an EV, or any modern appliance comes from mining. Mining leaves behind waste in the form of tailings stored in dams or ponds around the world. This infographic takes a look at the estimated size of one part of this waste, tailings, visualized next to the skyline of New York City as a benchmark. Quantifying Mining’s Material Impact In the wake of the Brumadinho tailings failure, the International Council on Mining and Metals (ICMM) began a review with institutional investors and the United Nations Environment Programme (UNEP), to survey tailings facilities around the world. The Global Tailings Review tracked a total of 1,743 unique facilities containing 44,540,000,000 m3 of tailings. This dataset represents only 30.2% of global commodity production. However, the review estimated the total number of active, inactive, and closed facilities is around 8,500. If we use the assumptions for the 1,743 estimate to calculate for the 8,500 facilities, a total of 217,330,652,000 m3 of tailings are in storage globally. What are Tailings? Not all rock that comes out of the ground is metal. Miners find, remove, and refine rocks that carry a small amount of metal we need. According to the USGS, 72 billion tonnes of material produced just over 10 billion tonnes of ore. Only 14% mined material makes it to processing for metals. Waste rock (tonnes) Material Sent to Mill (tonnes) Ore Produced (tonnes) Tailings (tonnes) 72,000,000,000 18,800,000,000 10,180,000,000 8,850,000,000 Tailings are what is left over after mills separate the metal from the mined rock. The processed material “tailings” comes from the “tail” end of a mining mill and comprise fine particles mixed with water forming a slurry. Mining companies will store this waste in dams or ponds. Not All Minerals Are Equal: Tailings Contribution by Commodity Not all minerals are equal in their contribution to tailings. The grade, quantity, and the process to extract the valuable metals affect each metal’s material impact. Search: Mineral % Contribution to Global Tailings Copper 46% Gold 21% Iron 9% Coal 8% Phosphate 4% Lead and Zinc 3% Nickel 2% Platinum Group Elements 1% Bauxite 1% Uranium <1% Total 100% Showing 1 to 10 of 19 entriesPreviousNext A renewable future will be mineral intensive and will inevitably produce more mining waste, but growing awareness around mining’s true cost will force companies to minimize and make the most of their waste. Turning a Liability into an Asset While tailings are waste, they are not useless. Researchers know there remains economic value in tailings. Natural Resources Canada estimated that there is $10B in total metal value in Canadian gold mining waste. Rio Tinto has produced borates from a mine in the Mojave Desert which has left behind more than 90 years’ worth of tailings. The company was probing the tailings for gold and discovered lithium at a concentration higher than other U.S. projects under development. According to UBC’s Bradshaw Initiative for Minerals and Mining professor Greg Dipple, the mining industry could help society store carbon. For over a decade, he has researched a process in which tailings naturally draws CO₂ from the air and traps it in tailings. A Material World While the majority of mining companies manage tailing dams safely, the issue of the material impacts of mining on Earth remains. Mining of metal has grown on average by 2.7% a year since the 1970s, and will continue to grow. The importance of the size of tailings is critical to address proactively, before it comes rushing through the front door, as it did in Brazil. Published by Nicholas LePan

This document presents a comprehensive applied approach to the estimation of mineral resources/reserves with particular emphasis on : • The geological basis of such estimations • The need for and maintenance of a high-quality assay data base • The practical use of a comprehensive exploratory data evaluation • The importance of a comprehensive geostatistical approach to the estimation methodology Source : https://www.geokniga.org/bookfiles/geokniga-appliedmineralinventoryestimation.pdf Alejandro Jaimez Fuentes

Source: Credits to ALASTAIR J. SINCLAIR and GARSTON H. BLACKWELL

Corporate at ZVENIA 05/06/2024

All the Metals We Mined in One Visualization

All the Metals We Mined in One Visualization This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week. Metals are a big part of our daily lives, found in every building we enter and all devices we use. Today, major industries that directly consume processed mineral materials contribute 14% of the United States economy. The above infographic visualizes all 2.8 billion tonnes of metals mined in 2022 and highlights each metal’s largest end-use using data from the United States Geological Survey (USGS). Iron Ore Dominance Iron ore dominates the metals mining landscape, comprising 93% of the total mined. In 2022, 2.6 billion tonnes of iron ore were mined, containing about 1.6 billion tonnes of iron. Metal/Ore Quantity Mined in 2022 (tonnes) % of Total Iron ore 2,600,000,000 93.3% Industrial metals 185,111,835 6.6% Technology and Precious Metals 1,500,008 0.05% Total 2,786,611,843 100% Percentages may not add up to 100 due to rounding. Iron ores are found in various geologic environments, such as igneous, metamorphic, or sedimentary rocks, and can contain over 70% iron, with many falling in the 50-60% range. Combined with other materials like coke and limestone, iron ore is primarily used in steel production. Today, almost all (98%) iron ore is dedicated to steelmaking. The ore is typically mined in about 50 countries, but Australia, Brazil, China, and India are responsible for 75% of the production. Because of its essential role in infrastructure development, iron ore is one of the most crucial materials underpinning urbanization and economic growth. Industrial Metals Industrial metals occupy the second position on our list, constituting 6.6% of all metals mined in 2022. These metals, including copper, aluminum, lead, and zinc, are employed in construction and industrial applications. Aluminum constituted nearly 40% of industrial metal production in 2022. China was responsible for 56% of all aluminum produced. Industrial Metals 2022 Mine Production (tonnes) % of Total Aluminum 69,000,000 37.3% Chromium 41,000,000 22.1% Copper 22,000,000 11.9% Manganese 20,000,000 10.8% Zinc 13,000,000 7.0% Titanium (mineral concentrates) 9,500,000 5.1% Lead 4,500,000 2.4% Nickel 3,300,000 1.8% Zirconium Minerals (Zircon) 1,400,000 0.8% Magnesium 1,000,000 0.5% Total 185,111,835 100.00% PreviousNext In the second position is chromium, which plays a primary role in rendering stainless steel corrosion-resistant. South Africa led chromium production, accounting for 44% of the total mined last year. Technology and Precious Metals Despite representing less than 1% of all the metals mined, technology metals have been on the news over the last few years as countries and companies seek these materials to reduce carbon emissions and improve productivity. Technology and Precious Metals 2022 Mine Production (tonnes) % of Total Tin 310,000 20.7% Rare Earth Oxides 300,000 20.0% Molybdenum 250,000 16.7% Cobalt 190,000 12.7% Lithium 130,000 8.7% Vanadium 100,000 6.7% Tungsten 84,000 5.6% Niobium 79,000 5.3% Silver 26,000 1.7% Cadmium 24,000 1.6% Total 1,500,008 100% PreviousNext They include lithium and cobalt, used in electric vehicles and battery storage, and rare earths, used in magnets, metal alloys, and electronics. Many of them are considered critical for countries’ security due to their role in clean energy technologies and dependency on other nations to supply domestic demand. However, despite increasing interest in these metals, they are still behind precious metals such as gold and silver regarding market size. The gold market, for example, reached $196 billion in 2022, compared to $10.6 billion of the rare earth market. Published by Bruno Venditti

Source: Credits to visualcapitalist

Corporate at ZVENIA 07/06/2024

Rare Earth Elements

Rare Earths Elements: Where in the World Are They? This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week. Rare earth elements are a group of metals that are critical ingredients for a greener economy, and the location of the reserves for mining are increasingly important and valuable. This infographic features data from the United States Geological Society (USGS) which reveals the countries with the largest known reserves of rare earth elements (REEs). What are Rare Earth Metals? REEs, also called rare earth metals or rare earth oxides, or lanthanides, are a set of 17 silvery-white soft heavy metals. The 17 rare earth elements are: lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), promethium (Pm), samarium (Sm), europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu), scandium (Sc), and yttrium (Y). Scandium and yttrium are not part of the lanthanide family, but end users include them because they occur in the same mineral deposits as the lanthanides and have similar chemical properties. The term “rare earth” is a misnomer as rare earth metals are actually abundant in the Earth’s crust. However, they are rarely found in large, concentrated deposits on their own, but rather among other elements instead. Rare Earth Elements, How Do They Work? Most rare earth elements find their uses as catalysts and magnets in traditional and low-carbon technologies. Other important uses of rare earth elements are in the production of special metal alloys, glass, and high-performance electronics. Alloys of neodymium (Nd) and samarium (Sm) can be used to create strong magnets that withstand high temperatures, making them ideal for a wide variety of mission critical electronics and defense applications. End-use % of 2019 Rare Earth Demand Permanent Magnets 38% Catalysts 23% Glass Polishing Powder and Additives 13% Metallurgy and Alloys 8% Battery Alloys 9% Ceramics, Pigments and Glazes 5% Phosphors 3% Other 4%Source The strongest known magnet is an alloy of neodymium with iron and boron. Adding other REEs such as dysprosium and praseodymium can change the performance and properties of magnets. Hybrid and electric vehicle engines, generators in wind turbines, hard disks, portable electronics and cell phones require these magnets and elements. This role in technology makes their mining and refinement a point of concern for many nations. For example, one megawatt of wind energy capacity requires 171 kg of rare earths, a single U.S. F-35 fighter jet requires about 427 kg of rare earths, and a Virginia-class nuclear submarine uses nearly 4.2 tonnes. Global Reserves of Rare Earth Minerals China tops the list for mine production and reserves of rare earth elements, with 44 million tons in reserves and 140,000 tons of annual mine production. While Vietnam and Brazil have the second and third most reserves of rare earth metals with 22 million tons in reserves and 21 million tons, respectively, their mine production is among the lowest of all the countries at only 1,000 tons per year each. Country Mine Production 2020 Reserves % of Total Reserves China 140,000 44,000,000 38.0% Vietnam 1,000 22,000,000 19.0% Brazil 1,000 21,000,000 18.1% Russia 2,700 12,000,000 10.4% India 3,000 6,900,000 6.0% Australia 17,000 4,100,000 3.5% United States 38,000 1,500,000 1.3% Greenland - 1,500,000 1.3% Tanzania - 890,000 0.8% Canada - 830,000 0.7% South Africa - 790,000 0.7% Other Countries 100 310,000 0.3% Burma 30,000 N/A N/A Madagascar 8,000 N/A N/A Thailand 2,000 N/A N/A Burundi 500 N/A N/A World Total 243,300 115,820,000 100% While the United States has 1.5 million tons in reserves, it is largely dependent on imports from China for refined rare earths. Ensuring a Global Supply In the rare earth industry, China’s dominance has been no accident. Years of research and industrial policy helped the nation develop a superior position in the market, and now the country has the ability to control production and the global availability of these valuable metals. This tight control of the supply of these important metals has the world searching for their own supplies. With the start of mining operations in other countries, China’s share of global production has fallen from 92% in 2010 to 58%< in 2020. However, China has a strong foothold in the supply chain and produced 85% of the world’s refined rare earths in 2020. China awards production quotas to only six state-run companies: China Minmetals Rare Earth Co Chinalco Rare Earth & Metals Co Guangdong Rising Nonferrous China Northern Rare Earth Group China Southern Rare Earth Group Xiamen Tungsten As the demand for REEs increases, the world will need tap these reserves. This graphic could provide clues as to the next source of rare earth elements. Published by Nicholas LePan

Source: Credits to Visualcapitalist

Corporate at ZVENIA 12/06/2024

Cobalt Production by Country in 2023

Visualizing Cobalt Production by Country in 2023 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Cobalt is a critical mineral used in numerous commercial, industrial, and military applications. In recent years, it has gained attention as it is also necessary for batteries used in cell phones, laptops, and electric vehicles (EVs). This graphic illustrates estimated cobalt production by country in 2023 in metric tons. The data is from the most recent U.S. Geological Survey (USGS) Mineral Commodity Summaries, published in January 2024. The DRC Produces 74% of Global Cobalt The Democratic Republic of Congo (DRC) accounts for 74% of the world’s cobalt output. Although the metal is found on a large scale in other parts of the world, like Australia, Europe, and Asia, the African nation holds the biggest reserves by far. Of the 11,000,000 metric tons of worldwide reserves, it is estimated that 6,000,000 metric tons are located in the DRC. Country metric tons Percentage 🇨🇩 DRC 170,000 74% 🇮🇩 Indonesia 17,000 7% 🇷🇺 Russia 8,800 4% 🇦🇺 Australia 4,600 2% 🇲🇬 Madagascar 4,000 2% 🇵🇭 Philippines 3,800 2% 🌍 Other Countries 21,100 9% Total 229,300 100% Since around 20% of the cobalt mined in the DRC originates from small-scale artisanal mines, often employing child labor, the extraction of the metal has been a point of intense debate. With a long history of conflict, political upheaval, and instability, the country is often listed among the poorest nations in the world. Today, the EV sector constitutes 40% of the overall cobalt market. China is the world’s leading consumer of cobalt, with nearly 87% of its consumption used by the lithium-ion battery industry. In the U.S., 50% of cobalt consumed is used in superalloys, mainly in aircraft gas turbine engines. Learn More About Critical Minerals From Visual Capitalist If you enjoyed this post, be sure to check out The Critical Minerals to China, EU, and U.S. National Security. This visualization shows which minerals are essential to China, the United States, and the European Union. Published by Bruno Venditti

Source: Credits to visualcapitalist

Corporate at ZVENIA 20/05/2024

Mineral Resource Estimation (165 pages)

The estimation of mineral resources is an important task for geoscientists and mining engineers. The approaches to this challenge have evolved over the last 40 years. This book presents an overview of established current practice. The book is intended for advanced undergraduate students or professionals just starting out in resource estimation. Source: Alejandro Jaimez Fuentes

Source: Credits to Mario E. Rossi and Clayton V. Deutsch

Corporate at ZVENIA 21/05/2024

Drill and Blast team general responsibilities

Simple Schematic done up showing the Drill and Blast team general responsibilities throughout a Development and Production Mining Cycle in Underground Mining. Presented during the Technical Team Knowledge Sharing Session

Source: Credits to Adrian Joe Gereg

Corporate at ZVENIA 21/05/2024

Costo horario del Jumbo

Dentro de la formulación para obtener el costo horario de un equipo, esta es una manera práctica de las muchas que pueden haber. Me gusta porque utiliza la base científica y empìrica con lo que actualizando precios puede ser una buena estimaciòn, en este caso para un Jumbo S1D en minería subterránea.

Source: Credits to Miguel Armando Farfán Chuecas

Corporate at ZVENIA 10/06/2024

1Q2024 The top 50 biggest mining companies in the world

At the end of the first quarter 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of a shade under $1.4 trillion, down $13 billion since the start of the year. The historic gold run and copper’s comeback, now up 14% and 12% so far in 2024, only kicked into a higher gear after the end of the March quarter, but copper and gold counters nevertheless dominate the best performer list for Q1. The lacklustre combined performance of the sector’s majors came despite the revival in the bellwether metals, but the broader market has been a mixed bag in 2024. Aluminium is trading not far off 52-week highs, but zinc seems unlikely to breach $3,000 a tonne any time soon and cobalt is bobbing along historic lows below $30,000 a tonne. Nickel has been bumped up after lows in the mid-$15,000s last year, but remains firmly stuck in bear territory and lithium’s 2024 good fortune also looks in danger of petering out. Sentiment towards PGMs has hardly improved with both platinum and palladium drifting lower in 2024. Even iron ore prices back above $100 a tonne – the bread and butter of the diversified majors – was not enough for investors to jump back into the sector. Gold, copper boost First Quantum Minerals with market valuation up 58% in US dollar terms, made a welcome return at position 44 after dropping out at the end of last year following the closure of its Panama mine. Amman Mineral continued its astounding run – the Indonesian copper and gold miner has added 380% in value since its July listing and could soon vie for a place in the 10. Lundin Mining joins the top 50 for the first time jumping five places to 48 and is already climbing thanks to the red metal approaching 14-month highs. Lundin’s 25% rise in 204 also restores Vancouver as the number one location among top 50 headquarters after Pilbara Minerals’ exit this quarter. Anglogold Ashanti re-entry boosts the number of precious metals miners in the top tier to 10 and their collective value to $183 billion. China’s Yintai Gold, which in February picked up Canada’s Osino Resources, could also challenge for a position in the upper echelon from its current 54th position should gold continue to rally, but long term top 50 participant, KGHM has a hill to climb to make it back despite shares in the Polish mining company rising 15% year to date. Pan American Silver, like its primary metall, could ride gold’s coattails to become the only silver-focused miner in the top 50 following Fresnillo’s exit more than a year ago. Silver is now the best performing metal year to date, up more than 18%. Diversified drubbing While the top 50 mining companies as a whole drifted sideways during the quarter, the largest diversified companies faced headwinds going into 2024 and uncharacteristically some of the biggest names in mining feature on the worst performer list for the quarter. The only $100bn companies in the ranking – BHP and Rio Tinto – were both down by double digits at the end of Q1 and Glencore’s rerating over the past couple of years went into reverse with declines of 9% in 2024. Vale’s pullback from its valuation at the end of 2023 places the stock firmly in bear territory with losses of nearly 24% in US dollar terms. The Brazilian giant sold 13% of its base metals unit for $3.4bn to amongst others the Saudi Arabia’s sovereign wealth fund, but given the performance of nickel a separate listing seems off the table for now. Anglo American stock had a fairly uneventful Q1 2024 after the sharp H2 2023 sell-off sparked by copper guidance, PGM and South African power woes, and despite the bad news from its Woodsmith fertiliser project in England. Nevertheless the counter has dropped below a $30 billion market cap for the first time since the outset of the pandemic and losses for the past 12 months top 30%. Rumours that Glencore may be interested after the Swiss behemoth’s bid for all of Teck Resources fell through have died down, probably for the right reasons. The ranking remains top heavy, but as a group the historic top five diversified mining companies share of the MINING.COM Top 50’s overall valuation fell to a new low of 29%, down from 36% at the end of 2022. China cheer The historic top 5 diversifieds should in fairness be expanded to seven and include Saudi Arabia’s Ma’aden and Zijin Mining, the highly acquisitive Chinese firm is up over 30% so far this year and appears to be well ensconced in the top 10. Xiamen-based Zijing at the end of Q1 fell just short of a $60bn market worth (indeed gold and copper’s run in the first week of Q2 has now lifted the stock above that milestone). On the best performer list for the quarter Zijin sits just behind CMOC Group, formerly China Molybdenum and for years before being overtaken by Zijin the most valuable middle kingdom mining stock, and ahead of Jiangxi Copper which jumps 9 places to 41 in Q1. The 10 Chinese companies in the ranking collectively are worth $192bn or 14% of the overall value, up from 8 companies valued at $115bn and 9% of three years ago. Lithium loss Three counters dropped out of the top 50 during the first quarter. Brazil’s CSN Mineração, an iron ore miner, China’s Huayou Cobalt and Australian lithium producer Pilbara Minerals. Pilbara Minerals only just lost out to Kinross Gold for the last spot as at end-March and lithium prices have recovered somewhat this year, but probably not enough for the lithium sector to outperform gold stocks in Q2. The merger of Livent and Allkem to form Arcadium Lithium also did not result in an increase in lithium mining’s representation in the ranking. Arcadium Lithium has been hammered down to below a $5bn valuation this year. From its height of a collective $119bn valuation at the end of the second quarter of 2022, the combined value of the lithium stocks in the top 50 has now fallen to $59 billion. Source: https: www.mining.com/top-50-biggest-mining-companies/

Designing a blast involves the consideration of multiple parameters, and achieving the desired blasting outcome necessitates a thorough understanding of the interplay and interdependence of these factors to avoid unsafe, inefficient, or wasteful blasting results. Table 1 provides an outline of the relevant blast design parameters, along with their respective descriptions. Table 1. Blast Parameter Descriptions (de Graaf, 2011) • Blasthole: A hole that is drilled for explosives placement either in rock or other material. • Hole Diameter (D): The diameter of a blasthole. • Free Face: A rock surface exposed to air that provides a space for the rock to expand to upon fragmentation. • Burden (B): The distance (perpendicular) between two adjacent blasthole rows, or between the nearest parallel (main) free face and a blasthole. • Spacing (S): The distance (perpendicular to the burden) between two adjacent blastholes in any row of blastholes parallel to the free face • Crest: The line connecting the highest points on the top of a free face. • Toe: The line connecting the lowest points on the bottom of a free face. • Bench Height (H): The vertical distance between the Toe and the crest of the bench. • Toe Burden: The distance between the blasthole and the free face at the grade or floor level. • Floor/Grade: The floor level determined by the mine design and the surveyor. • Stemming (T): The inert material, such as drill chippings or crushed stone aggregate, used in the collar portion of a blasthole to confine the gaseous products of detonation. • Charge Length (L): Length of the changed explosives column measured from the floor/grade to the starting position of the stemming material. • Sub-Drill (U): The portion of the blasthole drilled below the planned floor/grade level. • Total Charge length: The total charge length is the portion of the blasthole combining the charge length and the Sub-Drill length. Blast Design Parameters When designing a blast, several parameters are considered, including bench height, hole diameter, rock type, and explosive type. The fundamental principles of blasting are closely tied to hole diameter and burden, forming the foundation of the initial design process. The following guide outlines the design process: 1. Calculate the linear charge mass (the amount of explosives used, mass per meter in the hole). 2. Determine the required burden (the distance between the blasthole and the free face of the rock). 3. Calculate the hole spacing based on the selected burden-to-spacing ratio (either staggered or square pattern). 4. Compute the technical powder factor (the amount of explosive mass per blasted rock mass/volume). 5. Calculate the necessary stemming length (the material placed on top of the explosives in the blasthole). 6. Apply sub-drill design if required (adjustments to the hole depth). 7. Calculate the actual powder factor after design adjustments. 8. Design the timing sequence (the pattern or sequence in which individual holes detonate/propagate). Blast Design At A Mine It’s important to note that this process may vary depending on the available information during the design phase and should not be considered an industry standard. Figure 1 provides schematics of a simplified blast bench layout and illustrate the blast parameters listed in Table 1. Please note that these schematics are not drawn to scale, and terminology may vary between countries and industries. A high resolution copy of the below diagram can be downloaded here.

Source: Credits to Ruan Els & ERG

Corporate at ZVENIA 10/07/2024

Brief summary of underground methods

A brief summary of mining methods used in underground mines, which vary depending on the type of mineral and geological conditions involved. These methods play a crucial role in extracting valuable minerals and natural resources from deposits located underground. It is relevant to highlight that many of these deposits have unique characteristics, often requiring the combination or adaptation of mining techniques to fit each situation. The ability of engineers to apply this flexibility and adaptation is what makes their role essential in the world of underground mining.

Source: All credits to Thaís Janine

Corporate at ZVENIA 13/07/2024

Ground Support for underground mines (120 pages)

Ground support has been used to stabilise underground excavations in rock since Roman times. In a review of the evolution of ground support and reinforcement, Brown (1999) refers to De Re Metallica (Agricola 1556), which describes timbering in shafts, tunnels and drifts used as a means of protection against collapse and risk of injury. Stabilisation of the immediate boundary of a rock mass surrounding an excavation is often referred to as ‘local support’. Until the 1950s, timbering remained one of the main means of local support. Since then, it has gradually been replaced by internal reinforcement techniques, such as dowels installed inside a drilled hole. Source: ACG Australian Centre for Geomechanics Alejandro Gonzalez Borja, LinkedIn

Source: Credits to Yves Potvin & John Hadjigeorgiou

Corporate at ZVENIA 20/05/2024

Standard Data For Civil Engineer (46 pages)

Source Rahul kumar

Corporate at ZVENIA 20/05/2024

Guidebook for Evaluating Mining Project EIAs (122 pages)

Most countries require an environmental impact assessment (EIA) before giving the green light to a mining project. EIA processes provide a valuable opportunity for citizens to participate in decisions about mines. The problem is, project proponents often submit long, complex EIA documents that are incomprehensible to lay people. The Guidebook for Evaluating Mining Project EIAs will help public interest lawyers, grassroots advocates, and community members understand mining EIAs, identify flaws in mining project plans, and explore ways that mining companies can reduce the public health hazards associated with mining. Source: Alpha Bayo

Source: Credits to Environmental Law Alliance Worldwide (ELAW)

Corporate at ZVENIA 15/07/2024

How do you get that next raise at work?

It’s simple, Ask for it. Salary negotiations can be daunting. Most people don’t negotiate: studies show that only 37% of employees negotiate their salaries [Source: Salary.com]. If you want to be paid your worth, you need to ask for it. Here are my 11 tips for your next salary discussion: Before The Discussion: 1/ Choose a Good Time 2/ Get Other Job Offers 3/ Check Average Salaries 4/ Practice Your Talking Points During The Discussion: 5/ Be Ambitious 6/ Explain Your Value 7/ Consider The Benefits 8/ Don’t Make the First Offer After The Discussion: 9/ Follow Up in Writing 10/ Take Time to Respond 11/ Be Willing to Walk Away Use these tips to get paid what you’re worth. P.S. What is your top negotiation tip?

Source: Credits to Will McTighe

Corporate at ZVENIA 18/07/2024

UNFC (United Nations Framework Classification)

The UNFC is a system that classifies resources like minerals, fossil energy based on three main factors: economic and environmental viability, technical feasibility, and confidence in the geological knowledge. It uses specific categories (E1, E2, E3 for economic and environmental viability; F1, F2, F3 for technical feasibility; and G1, G2, G3, G4 for geological confidence) to help governments, companies, and investors understand the potential and readiness of these resources for development. This system helps in making informed decisions about resource management and investment. ____ 1. 1. E Axis (Economically Viable and Environmentally Acceptable): E1 - High Environmental-Socio-Economic Viability: Resources classified as E1, where the development is economically viable and environmentally acceptable. The projects are typically approved and have a high probability of going into production soon. E2 - Moderate Environmental-Socio-Economic Viability: Resources in the E2 category have a reasonable potential for economic viability and environmental acceptance, but some uncertainties remain. These projects may require further studies, approvals, or additional development efforts before they can become fully viable. E3 - Low Environmental-Socio-Economic Viability: E3 resources have a low economic viability or face significant environmental and socio-economic challenges. These projects may not be feasible with current economic and regulatory conditions. Further exploration, technological advances, or changes in market conditions would be necessary to improve their viability. ____ 2. 2. F Axis (Confidence in Technical Feasibility): F1 - High Technical Feasibility: The project is technically feasible, is well-developed, usually with detailed planning, engineering, and operational processes in place. Typically, such projects are in production or very close to starting production. F2 - Moderate Technical Feasibility: The project has moderate technical feasibility, requires further technical studies, development, or testing that need to be resolved before the project can be fully implemented. These projects are often in advanced stages of planning and development but are not yet ready for production. F3 - Low Technical Feasibility: The project has low technical feasibility under current conditions, due to technological, engineering, or operational challenges. Extensive research, development, are required to determine if the project can become feasible. Such projects are typically in the early stages of exploration and assessment. ____ 3. 3. G Axis (Confidence in Geological Knowledge): G1 - High Confidence: The quantity and quality of the resource are well-defined and confirmed through detailed exploration and analysis. G2 - Moderate Confidence: There is good geological knowledge and reasonably accurate estimates of the resource, but not as precise as G1. Further exploration and analysis are needed to confirm the exact quantity and quality. G3 - Low Confidence: The resource estimates are based on limited geological data and preliminary exploration. There is significant uncertainty, and more extensive exploration is required to improve confidence levels. G4 - Very Low Confidence: The resource is speculative, with very limited data and high uncertainty. It is mostly based on theoretical or indirect evidence, and substantial exploration is necessary to verify the resource's existence and characteristics.

Source: Credits to Bibek Chatterjee

UNFC (United Nations Framework Classification)

Corporate at ZVENIA 22/07/2024

2Q2024 The top 50 biggest mining companies in the world

At the end of the second quarter of 2024, the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of $1.43 trillion, up $42 billion from end-March, as rising copper and gold prices make up for losses among lithium and iron ore counters. Gold and copper’s historic runs to new all-time highs in May arguably should have sparked a bigger rally during the quarter and year-to-date but mining’s top tier is only worth little over 2% more than at the end of last year and an equally uninspiring 6% gain from this time last year. Diversified drubbing Copper specialists have gained a combined 33% year to date but the industry’s traditional big 5 – BHP, Rio Tinto, Glencore, Vale and Anglo American – have lost a collective $59 billion since the start of the year. The boost from copper was also not enough to counter iron ore’s descent into bear territory from dragging down the group which now make up 29% of the total index, down from a height of 38% at the end of 2022. The steelmaking ingredient’s less than rosy outlook also sees two specialists – Cleveland Cliffs and Fortescue – appear in the worst performer list. Were it not for Glencore’s lack of exposure to iron ore other than through trading steadying the Swiss giant’s share price, and Anglo American’s 25% jump during the quarter on the back of BHP’s unsuccessful takeover bid, mining’s traditional heavyweights would be an even more diminished grouping. Investors in Anglo, with a history going back more than a hundred years on the South African gold and diamond fields, have had a particularly wild ride over the last few years. In January 2016, Anglo’s market cap fell below $5 billion and even after the stock’s Q2 bump, is still only worth half its peak valuation hit in 2022. While the BHP takeover is unlikely to be revived, M&A among the top of the mining industry seems inevitable, particularly when copper is involved, given the billions of dollars of capital expenditure needed for expansion and just to keep operating mines ticking over, to meet demand for the metal through the next decade. Light on lithium Three counters dropped out of the top 50 during the first quarter – Brazil’s CSN Mineração, an iron ore miner, China’s Huayou Cobalt and Australian lithium producer Pilbara Minerals. At the end of Q2, two more lithium stocks – Perth-based Mineral Resources and China’s Tianqi Lithium – exited the top 50 as the deep slump in prices for the battery metal continues to take its toll. Mineral Resources was only just pipped by Ganfeng Lithium and based on its performance so far in July, the Australian hard rock lithium miner may well return to the fold. Ganfeng was barely holding on at position 50 at end-June and with gold price momentum continuing and two gold mining companies waiting in the winds – Yintai and Alamos – only three lithium counters in the top 50 may be a reality for some time to come. After peaking in the second quarter of 2022 with a combined value of nearly $120 billion, the remaining lithium stocks’ market value now barely exceeds $30 billion. Can’t top copper Copper, gold producers and royalty companies made up 40% of the index at the end of Q2 on par with diversified miners as Pan American Silver following its absorption of Yamana Gold enters the ranking for the first time and Polish copper giant KGM returns after adding 17% to its market cap during the quarter. Talks of a possible reopening of its Panama mine saw First Quantum Minerals’ market valuation nearly doubling in US dollar terms from its low at the end of last year, and the Vancouver-based company is now firmly back in the ranking at #34 after dropping out at the end of last year. Amman Mineral continues its run up, piercing the top 10 for the first time after gaining 67% year to date, and 580% since its debut in Jakarta a year ago, lifting the copper-gold company’s market cap to over $50 billion. Amman’s Batu Hijau is the third largest mine worldwide in terms of copper equivalent output and has been in production since the turn of the millennium. Amman is also developing the adjacent Elang project on the island of Sumbawa. Radiant uranium While spot uranium prices have retreated back below the triple digit prices hit in January, the combined market cap of the sector is still up 42% from last year this time and together now surpasses that of the lithium counters in the ranking. The world’s largest uranium producers – Cameco and Kazatomprom – only made the top 50 in 2021 with the Saskatoon-based company and state-owned Kazakh producer spending years in the wilderness post the Fukushima disaster in Japan. None of the smaller uranium companies led by Canada’s Nexgen Energy, valued at a shade over $4 billion, is likely to make it into the top 50 by themselves, but combinations among the rank and file may well be in the offing as interest in the sector and mining M&A in general grows. Kazatomprom dual-listed in London and Astana in 2018 and Uzbekistan is readying an IPO for Navoi Mining and Metallurgy Combinat – the world’s fourth largest gold mining company and significant uranium producer later this year. Navoi would join the ranks of gold producers in the top 50 thanks to ownership of the world’s largest gold mine, Muruntau, and annual production of 2.9 million ounces at grades the envy of the sector. Navoi will also bring to five the number of companies with exposure to the nuclear fuel in the ranking.

Source: Source: minining.com

2Q2024 The top 50 biggest mining companies in the world

Corporate at ZVENIA 13/07/2024

Pourquoi la couleur rouge du casque HSE ou HSSE

Ils m'ont longtemps demandé, pourquoi la couleur rouge des agents HSE❓ Vous allez comprendre mieux dans ces lignes... •La couleur rouge est une couleur vibrante et passionnée qui a longtemps été utilisée dans lart, la décoration, la mode, la publicité et la culture populaire. •Elle est souvent associée a des émotions fortes telles que l'amour, la colère, la passion et l'excitation et a été utilisée depuis l'antiquité pour symboliser la vie, la force et la vitalité. •Elle est également utilisée pour symboliser le danger et l'urgence, comme dans les panneaux d'avertissement et les feux de signalisation rouges. •Dans de nombreuses cultures à travers le monde, la couleur rouge est considérée comme une couleur importante et symbolique. •En chine, par exemple, la couleur rouge est associée à la bonne fortune et la prospérité, et elle est souvent utilisée dans les décorations et les cérémonies de mariage comme assurance. •En Inde, la couleur rouge est associée à la puissance et la loyauté. •Dans la culture occidentale, la couleur rouge est souvent associée à l'amour et la romance. •En outre, la couleur rouge est souvent utilisée pour attirer l'attention et mettre en valeur certains éléments, comme dans les enseignes et les panneaux de signalisation. •Elle est aussi utilisée pour symboliser la responsabilité de la sûreté (santé-sécurité et la protection environnementale), la quiétude, l'assistance et la défense contre le danger (Physique, psychologique et environnemental). •Elle constitue une vertu, un pouvoir de défendre tels ou telles contre un danger de nature quelconque. •Donc, en tant que HSE, vous devriez être fier de ce que vous faites et accomplissez dans la vie d'autrui chaque jour sans relâche ⛑️✌️.

Source: Source and credits to Ousmane KOUROUMA

Pourquoi la couleur rouge du casque HSE ou HSSE

Corporate at ZVENIA 23/07/2024

𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗗𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗜𝘁𝘀 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗻 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀

Depreciation is key in accounting. It shows how a fixed asset's value drops over time. This drop is due to wear, tear, and obsolescence. It's crucial for businesses with assets like machinery, buildings, vehicles, and equipment. In the cash flow statement, depreciation appears in the operating activities section. It's added back to net income as a non-cash expense. This step reduces taxable income without affecting actual cash flow. Businesses depreciate assets like machinery, buildings, vehicles, and computers. These items have limited useful lives. Depreciation spreads their cost over these periods. Several ratios help measure depreciation and its impact: 1. 𝗗𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗦𝗮𝗹𝗲𝘀 𝗥𝗮𝘁𝗶𝗼: Measures the proportion of sales used to cover depreciation. 2. 𝗗𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗙𝗶𝘅𝗲𝗱 𝗔𝘀𝘀𝗲𝘁𝘀 𝗥𝗮𝘁𝗶𝗼: Assesses the extent of depreciation relative to total fixed assets. 3. 𝗗𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗜𝗻𝗰𝗼𝗺𝗲 𝗥𝗮𝘁𝗶𝗼: Evaluates the impact of depreciation on operating profitability. 4. 𝗔𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗲𝗱 𝗗𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗧𝗼𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 𝗥𝗮𝘁𝗶𝗼: Indicates the proportion of asset value depreciated over time. Depreciation greatly affects investments. It lowers a company's profits, increases its taxes, and reduces asset values. Knowing how a company handles depreciation reveals its financial and operational health.

Source: Credits to Dave Ahern

Corporate at ZVENIA 13/06/2024

Visualizing Copper Production by Country in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Copper is considered an essential metal for the clean energy transition because it is a great conductor of electricity. As a result, governments around the world have been encouraging the construction of new mines, and mining companies have been seeking new projects and acquiring existing mines to meet the growing demand. In this graphic, we illustrate global copper production in 2023, based on data from the U.S. Geological Survey, Mineral Commodity Summaries, as of January 2024. Most Copper Comes from South America Chile and Peru account for one-third of the world’s copper output. Country Region 2023E Production (Million tonnes) 🇨🇱 Chile South America 5.0 🇵🇪 Peru South America 2.6 🇨🇩 Congo (Kinshasa) Africa 2.5 🇨🇳 China Asia 1.7 🇺🇸 United States North America 1.1 🇷🇺 Russia Europe/Asia 0.9 🇦🇺 Australia Oceania 0.8 🇮🇩 Indonesia Asia 0.8 🇿🇲 Zambia Africa 0.8 🇲🇽 Mexico North America 0.7 🇰🇿 Kazakhstan Asia 0.6 🇨🇦 Canada North America 0.5 🇵🇱 Poland Europe 0.4 🌍 Rest of World -- 3.1 World total (rounded) -- 21.5 Chile is also home to the two largest mines in the world, Escondida and Collahuasi. Meanwhile, African countries have rapidly increased their production. The Democratic Republic of Congo, for example, transitioned from being a secondary copper producer in the late 1990s to becoming the third-largest producer by 2023. Part of the growth in copper mining in Africa is attributed to high investment from China. Chinese mining companies represent 8% of Africa’s total output in the mining sector. Within its territory, China has also seen a 277% growth in copper production over the last three decades. In the U.S., Arizona is the leading copper-producing state, accounting for approximately 70% of domestic output. Copper is also mined in Michigan, Missouri, Montana, Nevada, New Mexico, and Utah.

The main function of the lubrication of rolling bearings is to prevent or reduce contact between rolling and sliding surfaces. As a result, friction and wear are kept to a low level. Source: Mourad CHETTAH

arrow_back 03 Mine organization

Corporate at ZVENIA 03/05/2024

Applications of Artificial Intelligence in Mining

One of my favorite quotes, "The future is already here — it's just not very evenly distributed" by William Gibson, reflects the idea that advancements and innovations that will shape the future are already present in certain regions, industries, or sectors. However, the distribution and accessibility of these advancements are uneven. A prime example of such innovation is Artificial Intelligence (AI). AI involves developing computer systems capable of tasks that typically require human intelligence. These include learning, reasoning, problem-solving, perception, linguistic understanding, and creativity. AI encompasses a broad range of methodologies, technologies, and subfields. In mining and mineral exploration, we have been applying Machine Learning (ML) and other AI algorithms since the 90s. Recent advancements in Deep Learning and Natural Language Processing have allowed the development of AI models that can not only enhance efficiency and safety but also pave the way for innovative practices that will redefine the sector. This article delves into the current and future applications of AI in mining, spotlighting innovations that, while not universally adopted, have the potential to reshape the industry. Current Applications AI is revolutionizing the mining industry by enhancing operational efficiency, improving safety, and reducing environmental impacts. Below are some of the transformative applications currently being deployed: Geometallurgy: The application of ML in geometallurgy, one of AI's earliest uses in mining, involves analyzing complex relationships between ore attributes and processing plant performance. These relationships are then used to improve decision-making and optimize processing operations. More recently, some companies are using ML-based systems to adjust processing plant parameters in real-time, based on characteristics of the ore being mined. This leads to better recovery and throughput, enhanced supply chain efficiencies, and reduced energy consumption. Exploration Targeting: AI algorithms can process vast amounts of geological data, outperforming traditional methods in speed and accuracy. ML algorithms are being used to generate exploration targets, assess their potential value, and optimize exploration strategies. This approach not only increases the chances of discovering new deposits but also reduces the environmental impact of exploration activities. Core Logging: Using hyperspectral imaging for automatic core logging has been considered for decades. Over the last decade, some mining companies have spent millions on core scanning, storing vast amounts of data. However, these efforts often fell short of producing meaningful interpretations for effective geological modeling. Recent advances in deep learning have allowed this technology to start delivering on its promise. Grade Control: Modern grade control optimizers apply AI algorithms for dig-line optimization. This is perhaps the lowest hanging fruit for the use of AI in a mining operation. The advantages of such approach have been documented for many years, but unfortunately the uptake of the technology has been slow. Software developers are starting to catch up, with new offerings now available by the major mining software providers. Predictive Maintenance: Another existing application of AI in mining is predictive maintenance. By using ML algorithms to analyze equipment data, mining companies have been able to predict failures before they occur, minimizing downtime and extending the lifespan of fixed and mobile assets. This approach not only cuts costs but also boosts safety by lowering the risk of equipment-related incidents. Automation and Robotics: The mining industry increasingly employs autonomous vehicles, robots and drones. These technologies, guided by AI, can operate in hazardous environments, performing tasks such as topographic surveys, drilling and transporting materials without human intervention. This not only improves safety, by reducing human exposure to dangerous conditions, but also enhances operational efficiency. Data Mining: Commercial and company-owned AI platforms have been used to digest vast quantities of technical reports, financial disclosures, and press releases as well as mining news and technical articles. This creates an extensive knowledge base that can be consulted using natural language and advanced analytics. The most common users of such platforms are investors, analysts, deal makers, and exploration teams. Stochastic Mine Planning: AI was applied in the early 2000s to develop the first stochastic mine planning method for open pit scheduling. Since then, a couple of decades of R&D sponsored by major mining companies, have developed a more sophisticated solution able to optimize whole mining complexes, from mine to market. The method can take a myriad of uncertainties into account. This method, in broad terms, uses a combination of stochastic optimization and AI techniques to obtain the optimal solution for the mine scheduling problem. Worker Safety and Health Monitoring: AI-trained wearable devices are being used to monitor the health and safety of miners in real-time, detecting signs of fatigue, exposure to harmful substances, or physical stress. These systems can alert workers and managers to potential health and safety risks, significantly improving workplace safety. Looking Ahead The future of AI in mining is bright, with potential applications set to further transform the industry, making it safer, more efficient, and sustainable. Here's a glimpse into what the future holds: Resource modeling: Resource modeling is a process where typically 80% of the time is spent processing data, while the remaining 20% is used to analyze and refine the results. Soon, autonomous systems, guided by AI algorithms, will be able to flip these statistics around. This will allow geologists to spend considerably more time stress testing models and refining estimates, resulting in higher confidence estimates and models that can be updated seamlessly as additional information becomes available. Digital Twins: Before the end of this decade, we will see the proliferation of AI-based systems to create and run digital twins of mining assets and even whole company portfolios. These digital models will allow us to model and simulate the behavior and performance of entire mining complexes. Embedded with stochastic planning capabilities, these digital twins will help us optimize operations, predict failures, and test different scenarios for improved decision making. Importantly, it will break the infamous mine planning cycle, that mines go through every year, and allow for near-real-time updates that respond to the ever-changing conditions of a mining operation. Mine Design: Developing mine designs is a laborious and time-consuming task, which requires considering multiple parameters such as resource models, mining methods, equipment selection, infrastructure, capital costs, operating costs, and many others. Generative AI models will enable more efficient design creation and allow for the evaluation of hundreds or thousands of scenarios with ease. This ability is key in determining the more efficient and cost-effective mine design for a given orebody in a timely fashion. Environmental Monitoring and Sustainability: The future of AI in mining includes advanced systems for environmental monitoring and sustainability. AI can be used to monitor the impact of mining activities on ecosystems, predict environmental risks, and develop strategies to mitigate negative effects. These applications of AI are going to help achieve sustainable mining practices and adhering to increasingly stringent environmental regulations. Integration with Renewable Energy Sources: AI can optimize the integration of renewable energy sources into mining operations. By predicting energy consumption patterns and coordinating with renewable energy availability, mining operations can reduce their carbon footprint and energy costs. Collaborative Robots: Future advancements may see the rise of co-bots in mining – robots designed to work alongside humans. These AI-driven robots could undertake tasks that are unsafe or unsuitable for humans, while humans focus on supervisory and decision-making roles, creating a synergistic workforce. In conclusion, the application of AI in the mining industry is not just a trend but a fundamental shift towards safer, more efficient, and sustainable operations. As technology advances, the potential for AI to transform the sector grows, offering promising prospects for the future. This evolution requires ongoing investment, as well as a commitment to training and upskilling the workforce to adapt to an ever-changing technological landscape. Embracing AI is not merely an option but a critical step forward for the mining industry, ensuring its growth, sustainability, and resilience in the years to come.

Source: Credits to Marcelo Godoy

Applications of Artificial Intelligence in Mining

Corporate at ZVENIA 27/03/2024

Drilling operations guidelines (123 pages)

SECTION-1: DRIVING CONDUCTOR PIPE 40”, 30”, 20” AND 18 ⅝” SECTION-2: 36” HOLE FOR 30” CONDUCTOR PIPE SECTION-3: 26” HOLE FOR 18 ⅝” CASING SECTION-4: 17 ½” HOLE FOR 13 ⅜” CASING SECTION-5: 12 ¼” HOLE FOR 9 ⅝” CASING SECTION-6: 8 ½“ HOLE FOR 7” PRODUCTION LINER SECTION-7: 6” OPENHOLE Source: Mourad CHETTAH

Source: Credits to DSc PhD Dževad Hadžihafizović (DEng)

Corporate at ZVENIA 10/05/2024

Drones: Revolutionizing Mining & Exploration Sector (05 pages)

Drone technology is reshaping the mineral exploration and mining sectors. With precise aerial surveys, drones offer cost-effective and efficient means to map terrain, identify mineral deposits, and plan mining operations. Drones offer unparalleled access to remote and hazardous areas, providing high-resolution data for geological analysis. Drones enhance safety, reduce costs, minimize environmental impact, and boost productivity in this vital industry while maximizing resource discovery. Drone technology ensures sustainable practices and optimal resource management.

Source: All credits to Bibek Chatterjee

Corporate at ZVENIA 29/04/2024

Creacion de la logica de reservas (7 pages)

Hoy quiero compartir con ustedes un pequeño aprendizaje del gran mundo que es la planificación minera y las herramientas de los programas para la mencionada actividad💡🌐 En esta ocasión escribí este pequeño manual con pasos breves para que los jóvenes estudiantes como yo puedan tener una guía de los temas que están en la presentación, aquí se han empleado diversas herramientas del software Mineplan para definir un modelo de bloques, puesto que este es la base para comenzar con el proceso de planificación. Sin más que decir, espero este pequeño aporte les sea útil y espero seguir compartiendo con ustedes más herramientas de este lindo programa.🤓✨✨

Source: Credits to PAOLA LIZBETH RIVAS FLORES

Corporate at ZVENIA 13/05/2024

The Alchemy of Metal Price Forecasting: Part 1

Why is this Issue so Important? The metal price(s) are one of the most significant sources of uncertainty in mine project evaluation – this is because any variation from the expected metal price may considerably modify the results of the entire project value and, consequently, mislead strategic operational and economic decisions, investment decisions and even lead to erroneous conclusions of and for impairment decisions. The Problem Writing for the International Journal of the Central Bank, March 2018, Jorge Fornero and Markus Kirchner had this to say in their article entitled: Learning about Commodity Cycles and Saving Investment Dynamics in a Commodity-Exporting Economy: "...the evolution of copper price forecasts by professional forecasters of the CRU Group (reports in October of each year), as shown in figure 4. The rise of the spot price in the mid-2000s was not validated by higher forecasted prices on a medium to long-term horizon. Instead, it was considered as a transitory price increase by the professional forecasters who predicted that the spot price would return to values of around 100 cents. Due to the crisis, the price fell and almost reversed the rise from 2003 to 2007, reaching a minimum of approximately 140 cents (where the annual average understates somewhat the dynamic evolution of the spot price). That decline was relatively short-lived, and after the crisis the copper price quickly recovered and exceeded its pre-crisis levels. However, the higher post-crisis prices were also accompanied by higher forecasted prices, as part of a process of gradual forecast revisions that had already started around 2007. In the following years, the forecasted prices reached values much closer to the effective spot price. Hence, the professional forecasters seem to have incorporated a more persistent price increase in their forecasts over time. More recently, as the commodity cycle has turned and prices have fallen, it has taken the forecasters again several years to adjust their expectations on future prices downwards." It would be unfair to single out a single forecaster as no single forecaster has got it right in the past. Bloomberg published "consensus" forecasts of the gold price in 2015. Notably the long- term "consensus" forecast in 2012 was USD/oz 600. Fast forward to 2015 and the "consensus" forecast was circa US/oz 1 300; that is a 100% variation. Often it is underlined that the long-term price is not a "real" price and has to be discounted back to the year current years. Assuming that the last price on the gold forecasts above represent the long-term view at the time of each forecast, then the "real" price at 3% using a mid-term exponent is calculated. In 2007; therefore, the long-term price assumed was USD/oz of gold 467 and in 2012 USD/oz 1 353. Cynically, in 2007 one could have randomly picked a price between USD/oz 467 and USD/oz 1 353 and been in the reasonable prediction range - with the wisdom of hindsight. On August 22, 2011 gold reach an historic high of 1917.90 - well above USD/oz 1, 353. At the time of writing the price is USD/oz 1 194.80, closer to the 2011 long-term forecast. It is perhaps a fair statement that volatility plays havoc with forecasters forecasts. So the problem is simple - one cannot with any degree of confidence rely on forecasters long-term forecasts of metal prices, and yet so much reliance is placed upon these forecasts. An even more tragic reality is that when the forecasts are averaged ad named "Consensus" they assume an even greater weighting. It is safe to say that the average of wrong remains wrong. Perhaps Warren Buffets comment that " Forecasts tell you a great deal about the forecaster; they tell you nothing about the future," has some substance. One thing is clear; forecasters forecasts are always wrong and yet the industry places significant confidence on the collective opinion despite the collective forecast that in addition to being wrong is also insanely fluid. Perhaps it is time to seriously debate alternatives to the application of long-term price forecasts especially when it relates to the declaration of Mineral Reserves and Ore Reserves and the determination of impairment indicators.

Source: All credits to Craig Hutton

The Alchemy of Metal Price Forecasting: Part 1

Corporate at ZVENIA 22/03/2024

Four Toxic Personalities to Avoid in Strategy Meetings

Here's the original post: You know them: colleagues in a meeting who don’t really add anything. Or worse, who disturb your meeting through their toxic presence. Avoid these four types. My general attitude toward people is very positive. I always assume people want the best, not just for themselves but also for others and their organizations. And also that they do their best to achieve this. This works most of the time, but sometimes I get disappointed by people that don’t live up this expectation. Through their presence, they add negativity to a meeting, process or collaboration. Originally known as “the dangerous animals of product management,” there are four types of such people: the Zebra, the Hippo, the Wolf and the Rhino. This is what they mean and how to deal with them in your strategy meetings: ZEBRA - Zero Evidence But Really Arrogant ZEBRAs think they know it all but rely on their opinion rather than any actual evidence. To stave off the ZEBRAs in your midst, make sure that you’ve got data to back up your decisions. Come up with quick experiments you can run to test ideas and gather evidence. HIPPO - HIghest Paid Person’s Opinion It can be tempting to give in to the HIPPOs (founders or CEOs who want to make all the decisions), but don't let them steer you off course. Bring everything back to your vision and objectives--if the HIPPOs aren't aligned with these, you could be headed for dangerous waters. WOLF - Working On Latest Fire The WOLF has a short attention span and a temptation to jump from one problem to the next. This will disrupt your team's focus and effectiveness, making you easy prey for your competitors. Create a process for collecting feedback about problems and only consider these along with all other requests. RHINO - Really Here In Name Only The RHINO is just there to collect a paycheck without contributing much to the team. They might not be actively impeding your decision-making, but they're certainly not helping out much, either. Having a clearly defined prioritization process can help ensure all your team members understand how decisions are made and give them the confidence to actively participate. Now think about your latest strategy or team meeting, or about the people around you more generally. Which toxic personalities do you recognize? If you cannot avoid them next time, this awareness should at least help dealing with them a little more effectively. Credits to Jeroen Kraaijenbrink and Timothy Timur Tiryaki, follow them for more insightful content. Source: Business Infographics

Source: Credits to Jeroen Kraaijenbrink and Timothy Timur Tiryaki

Four Toxic Personalities to Avoid in Strategy Meetings

arrow_back 16 Grade control

Corporate at ZVENIA 27/03/2024

Ore Dilution and Quality Control (24 pages)

This e-Book by Amitava Dutta aims to provide comprehensive insights into the challenges posed by ore dilution in open pit mining, how to minimize dilution, optimize equipment navigation, and ensure precise ore control. Source: Omar Helal

Source: Credits to Amitava Dutta

Corporate at ZVENIA 27/03/2024

Les Pompes (170 pages)

Le but de ce cours est de permettre une meilleure compréhension des pompes et principalement de leurs équipements. Les pompes sont des appareils mécaniques servant à véhiculer des liquides d’un point A, à un point B. Elles permettent, notamment, de prendre un liquide à la pression P1 et de le porter à la pression P2 (avec P2 > P1). Pour véhiculer un liquide d'un endroit à un autre, la pompe doit fournir une certaine pression appelée hauteur manométrique totale, cela dépend des conditions d'aspiration et de refoulement. Source: Mourad CHETTAH

Source: Credits to TOTAL

Corporate at ZVENIA 27/03/2024

Pump Questions and Answers (256 pages)

Source: Mourad CHETTAH

Source: Credits to Worthington pump and machinery corporation

Corporate at ZVENIA 29/03/2024

10 ingredients of a high performance culture (14 pages)

Culture is an output, not an input. Focus on these 10 "ingredients" and great culture will follow:

Source: Credits to Scot Chisholm

Corporate at ZVENIA 27/03/2024

How can the CFO (and Finance) best support other CXOs?

The CFO should act as a business partner to other CXO roles. What are some concrete areas where the CFO can be a partner? Here's an overview of seven CXO roles, including what each is responsible for... CEO - Provide financial insights and data to inform strategic decisions. - Develop financial models to assess the impact of various strategies. - Ensure financial transparency to support stakeholder communication. - Collaborate on budgeting and resource allocation to align with the vision. - Monitor key performance indicators (KPIs) to track the company's performance. COO - Provide financial data for optimizing operational processes. - Assist in cost control and resource allocation to improve efficiency. - Evaluate the financial impact of operational decisions. - Implement financial controls to mitigate operational risks. - Collaborate on capital investments and resource planning. CSO - Collaborate on setting realistic sales targets. - Provide financial data for sales forecasts and revenue tracking. - Assist in pricing strategies to optimize profitability. - Monitor and analyze the financial impact of sales initiatives. - Ensure alignment between sales and financial goals. CMO - Allocate marketing budgets effectively based on financial analysis. - Measure and report on the financial impact of marketing campaigns. - Provide data for market research and customer segmentation. - Collaborate on pricing strategies and revenue forecasts. - Ensure alignment between marketing spending and revenue goals. CTO - Assist in budgeting for technology investments. - Evaluate the financial impact of technology projects. - Ensure compliance with IT-related financial regulations. - Collaborate on cost-effective tech solutions. - Monitor ROI on technology investments. CHRO - Provide financial data for compensation and benefits planning. - Collaborate on budgeting for recruitment and training. - Monitor labor-related costs and identify cost-saving opportunities. - Support HR in aligning talent strategies with financial goals. - Employee benefit cost management CLO - Collaborate on budgeting for legal expenses. - Provide financial data for risk assessment and mitigation. - Assist in compliance reporting and financial impact analysis. - Support legal teams in cost-effective contract negotiations. -Legal cost management Did we miss any critical CXOs? Do you have more suggestions for how the CFO (and Finance) can best be a business partner to other CXOs? Source: Anders Liu-Lindberg

Source: Credits to Anders Liu-Lindberg

How can the CFO (and Finance) best support other CXOs?

arrow_back 04 Geotechnics

Corporate at ZVENIA 04/05/2024

Practical rock engineering, by Evert HOEK (341 pages)

The notes are intended to provide an insight into practical rock engineering to students, geotechnical engineers and engineering geologists. Case histories are used, wherever possible, to illustrate the methods currently used by practicing engineers. No attempt has been made to include recent research findings which have not yet found their way into everyday practical application. These research findings are adequately covered in conference proceedings, journals and on the Internet. Source: www.rocscience.com/assets/resources/learning/hoek/Practical-Rock-Engineering-Full-Text.pdf

Source: Credits to Evert HOEK

Corporate at ZVENIA 22/03/2024

LES CLÉS POUR PRÉVENIR LE RISQUE DE RENVERSEMENT D'ENGINS (13 pages)

Dans 8 cas sur 10, la victime est le conducteur de l’engin. Il est le plus souvent écrasé par sa machine, et s'il est éjecté de la cabine, il peut se retrouver coincé sous son engin. Source: Riadh BENALI

Source: Credits to OPPBTP

Corporate at ZVENIA 29/03/2024

LES INDICATEURS DE PERFORMANCE Á SUIVRE EN GESTION LOGISTIQUE (6 pages)

Les indicateurs de performance sont des paramètres de mesure et de contrôle de l’efficacité des opérations logistiques d’une installation. Également appelés Key Performance Indicators (KPI en anglais), ces valeurs de performance permettent d’identifier les forces et les faiblesses liées à la gestion des stocks. Grâce à ces indicateurs de performance, le responsable logistique peut surveiller les performances des processus, identifier les opportunités d’amélioration et prendre des décisions en fonction de la productivité réelle de chaque zone de l’installation.

Source: Credits to Ridha Fattouch

Corporate at ZVENIA 16/03/2024

The "terrible ten"

We all do at least one of them. I use filler words. My filler words of choice on podcasts are “you know?” That's completely normal, and speaking is always work in progress. It is one of the easiest skills to learn and one of the hardest to master. Are you working to improve any of these? Credits to Oliver Aust

Source: Credits to Oliver Aust

Corporate at ZVENIA 22/03/2024

The ABCs of Hiring

A - Aptitude B - Behavior C - Competencies D - Diversity E - Evidence F - Flexibility G - Growth H - Holistic I - Inclusive J - Job simulation K - Knowledge L - Leadership M - Motivation N - Non-traditional O - Onboarding P - Potential Q - Qualitative R - Results-oriented S - Soft skills T - Technical skills U - Unbiased V - Values W - Work ethic X - X factors Y - Yield Z - Zeal Credits to Wouter Durville

Source: Credits to Wouter Durville

Corporate at ZVENIA 16/03/2024

9 Procurement Skills that will never lose their importance (13 pages)

And these are traditional procurement skills. The skills that fuel procurement. In the Age of tech and AI, it’s easy to think that AI can cover a lot of what we can do. But the true importance of knowledge isn’t going anywhere. More than ever, Procurement needs highly skilled pros to orchestrate tech and AI to deliver value to the business. Credits to Daniel Barnes

Source: Credits to Daniel Barnes

arrow_back 16 Grade control

Corporate at ZVENIA 19/05/2024

ORE CONTROL

⏺️Le rôle du contrôle du minerai (ore control) dans une mine est essentiel pour optimiser l'exploitation des ressources minérales et maximiser la valeur extraite. Voici les principaux rôles et procédures liés au contrôle du minerai: ☑️Rôles: 1. Échantillonnage et analyses: Prélever des échantillons représentatifs du minerai extrait et les analyser pour déterminer leur teneur en minéraux d'intérêt (métaux, etc.). 2. Modélisation des teneurs: Utiliser les données d'échantillonnage pour mettre à jour continuellement le modèle de teneurs, afin de guider l'exploitation minière. 3. Délimitation des zones d'exploitation: Définir les zones à haute teneur qui doivent être extraites en priorité, ainsi que les zones de dilution. 4. Suivi de la production: Suivre en temps réel les tonnages et teneurs du minerai extrait, et les comparer aux prévisions. 5. Réconciliation: Réconcilier régulièrement les réserves modélisées avec la production réelle, et ajuster les plans d'exploitation en conséquence. ☑️Procédures: 1. Échantillonnage systématique des fronts de taille et des haldes de minerai selon un maillage prédéfini. 2. Préparation et analyse des échantillons en laboratoire (concassage, pulvérisation, analyses chimiques/minéralogiques). 3. Saisie des données d'analyses dans le système de gestion des données minières. 4. Mise à jour des modèles de teneurs à l'aide de logiciels spécialisés (krigeage, etc.). 5. Génération de plans d'exploitation à court et moyen terme en fonction des modèles mis à jour. 6. Communication régulière avec les équipes d'exploitation pour ajuster les plans si nécessaire. 7. Réconciliation périodique des réserves exploitées avec le modèle initial. ☑️Le contrôle du minerai est un processus itératif essentiel pour optimiser la productivité et la rentabilité d'une exploitation minière.

Source: Credits to Alpha Bayo

Corporate at ZVENIA 19/05/2024

Sublevel stoping mining method - Epiroc - video 2'54"

Sublevel stoping is a commonly used method in large scale mining. It is a versatile and productive method that is primarily used for large ore bodies with a steep dip, regular shape and defined ore boundaries.

Source: Credits to Epiroc

Corporate at ZVENIA 22/03/2024

Rock bolting handbook (172 pages)

Rock bolting is the most effective and the most economical mean of supporting excavations in rock in both mining and civil engineering applications. Rockbolts can be used to control all type of instabilites except those invelving extremely weak and soft ground such as that which may occur in a major fault zone. Source: Syed Shah

Source: Credits to Bengt Stillborg

Corporate at ZVENIA 26/03/2024

Les techniques de forage: Le forage RC

Le forage à circulation inverse est une technique de forage destructif. Ici on utilise un marteau fond de trou (MFT) qui permet de récupérer les échantillons en continu à l'aide d'air comprimé utilisé comme fluide de circulation. Il est dit à circulation inverse puisque puisque pendant que les échantillons remonte par l'intérieur des tiges, l'air lui circule dans l'espace annulaire. Ce mécanisme réduit donc de manière considérable le contact entre les échantillons et la paroi de forage à l'opposé des méthodes ordinaires. ✓ Le forage RC est utilisé dans le domaine minier pour le Grade control. ✓ L'outillage est constitué d'un bit monté sur un MFT d'un mètre de longueur. Cet assemblage est fixé sur la première tige. Chaque tige a une masse de 150 Kilogramme avec un diamètre de 124 millimètres. ✓ Elle permet d'effectuer des forages dans de la roche dure jusqu'à 230 mètres de profondeur. ✓ Avant de commencer le forage RC, le géologue ou spotter doit vérifier la correspondance entre le plan et les points de sondage. ✓ L'objectif majeur ici est l'identification des blocs minéralisés et le stérile dans le but d'améliorer le modèle géologique. Source: TSAYO BOGNING GAIUS MARCIAL

Source: Credits to TSAYO BOGNING GAIUS MARCIAL

arrow_back 04 Geotechnics

Corporate at ZVENIA 04/05/2024

Development of Rock Engineering - Dr. Evert Hoek Lecture Series

Video Lecture Series: Explore six exclusive video lectures covering a variety of topics in Rock Mechanics Engineering. The Development of Rock Engineering pProvides a brief history of the field of rock engineering, with a look at a number of interesting case studies and examples.

Source: Credits to Rocscience

Corporate at ZVENIA 28/03/2024

CUTOFF GRADE/TENEUR DE COUPURE

La teneur de coupure (COG) est généralement définie comme "la quantité minimale de produit métallique de valeur qu'une tonne métrique de matériau doit contenir avant d'être envoyée à l'usine de traitement" ou comme "une limite artificielle délimitant la minéralisation à faible teneur et le minerai techniquement et économiquement viable qui peut être exploité avec profit". Par conséquent, les teneurs de coupure sont utilisées pour sélectionner les blocs de minerai des blocs de déchets à différents stades de l'évolution de l'estimation des ressources/réserves minérales d'un gisement minéral (par exemple, au cours des phases de prospection et d'exploitation). Si la concentration de matière dans la minéralisation est supérieure à la teneur limite, elle est définie comme du minerai ; inversement, si la concentration de matière est inférieure à la teneur limite, elle est considérée comme un déchet. Toutefois, des méthodes de mélange (minéralisation à faible teneur et à haute teneur) sont couramment utilisées dans les mines pour une utilisation efficace des ressources minérales. Annel a classé les nombreux facteurs qui influencent la teneur de coupure en trois catégories : 1***Géologique par exemple, la minéralogie, la taille des grains, la présence d'éléments nocifs, la forme et la taille du gisement, la complexité structurelle ou les problèmes d'eau. 2***Économique par exemple, l'accessibilité aux marchés, la disponibilité de la main-d'œuvre, les conditions actuelles d'exploitation et les prix actuels des métaux, les facteurs politiques et fiscaux, le coût de l'élimination des déchets et de la remise en état, ou les coûts d'investissement et les taux d'intérêt. 3***Méthodes d'exploitation minière par exemple (mines à ciel ouvert ou souterraines) , la modification d'un seul critère ou la combinaison de plusieurs d'entre eux entraîne une modification de la teneur limite et de la teneur moyenne du gisement. Une teneur de coupure élevée peut être utilisée pour augmenter la rentabilité à court terme et la valeur actuelle nette d'un projet minier, mais l'augmentation de la teneur de coupure est également susceptible de réduire la durée de vie d'une mine. Cette durée de vie plus courte peut également avoir des effets socio-économiques plus importants, avec une diminution du nombre d'emplois à long terme et une baisse de la valeur de la mine ,des bénéfices aux employés et aux communautés locales. Bien que la planification de la production à long terme d'une exploitation minière à ciel ouvert dépende de plusieurs facteurs, la teneur de coupure est probablement l'aspect le plus important, car elle fournit une base pour la détermination de la quantité de minerai et de déchets au cours d'une période donnée . Source: Alpha Bayo

In contrast to category procurement for production materials and services, CAPEX procurement follows different rules. The challenge for procurement lies in the fact that an investment must first be planned (scope, costs, schedule) before sourcing can begin - and even planning often requires the procurement of a planning service. Anyone who has ever carried out CAPEX project procurement will be familiar with these challenges. Here I would like to present a process on how the various CAPEX projects of a company or plant can be better organised as a whole. It all starts with annual investment planning as step 1, which should take into account all future CAPEX expenditure. This planning usually consists of a few known projects, some placeholder projects and potential emergencies or as yet unknown customer projects. Purchasing should already be involved at this point and then develop project procurement plans for the known topics together with the engineers (e.g. what should be sourced, cost estimate, possible suppliers). Procurement should be an integral part of the final budget approval and have checked this for plausibility. Step 2 is followed by the individual project tasks, such as analysing the supplier market and defining the individual sourcing strategies. This is followed by the inquiry rounds. During the process, a conscious distinction is made between a technical clarification meeting and a commercial negotiation. Purchasing and the engineers should take part in both discussions, with the former being led by the technicians and the later by the procurement department. The greatest potential for optimisation is always to be found in the technical aspects of project execution, where it is important to work together as a team. Procurement should be a permanent member of the project team and accompany the project through to final completion. The last step 7 is again a superordinate step across all CAPEX projects of the organisation. Here, the performance of all suppliers involved in the various projects is analysed. Just as a quick note, the supply of the right spare parts should already be a task for the projects and not just for operations. How is you CAPEX procurement process working?

Source: Credits to Dr. Mario Büsch

CAPEX Procurement – early, integrated involvement is key

Corporate at ZVENIA 29/04/2024

DEVELOPING INTUITIVE DASHBOARDS (15 pages)

Is dashboard UI taking a backseat in your company? This could lead to a poor user experience. In the guide below, I present some simple techniques to ensure you get the basics right for the core UI of dashboards: 👉 Filter pane functionalities and options 👉 Navigation pane layout and structure 👉 Using guidelines and annotations By following these simple tricks, you will prevent your users from becoming frustrated and wondering how the dashboard works.

Source: Credits to Kobe Wastiels

Corporate at ZVENIA 19/05/2024

Will mine infrastructure be a return on investment? (10 pages)

The real vision we should have about mine infrastructure. Is it really worth all the investment in equipment, people and projects? In open-pit mining, ore and waste rock are transported along roads, between benches, roads and access roads that lead to deposits, stockpiles, crushers and processing plants. Expenditure on loading and transport operations can reach up to 50 per cent of the amounts invested in a mine. Loading and transport equipment is sized according to the mine's needs, with the aim of achieving low ore extraction costs. In line with this strategy, the mine's infrastructure is a crucial activity for achieving better utilisation of the material transported, as well as high productivity from the transport equipment.

Source: Credits to Marcus Alexandre de Lima

Corporate at ZVENIA 19/05/2024

Survey of Mining Companies 2023 (94 pages)

Source: Credits to Compounding Resources

Corporate at ZVENIA 22/03/2024

DRILLING FLUIDS FUNCTIONS (28 pages)

Drilling fluids are becoming so specialized, most companies now have a mud engineer on duty at all times to keep the mud in good condition. The Mud Engineer: - is responsible for testing the mud and for prescribing mud treatments in order to keep mud weight, properties, and chemistry within recommended limits. - must give detailed recommendations in order to optimize the achievement of technical and economical drilling aims Source: Mourad CHETTAH

Source: Credits to ENI group

Corporate at ZVENIA 26/03/2024

SUPPLY CHAIN MANAGEMENT (116 pages)

This Guidance is designed to provide Borrowers with a practical understanding of Supply Chain Management (SCM). The Guidance introduces SCM practice and describes how SCM relates to each stage of the procurement lifecycle to best improve supply chain resilience and reduce procurement risks to support a successful project outcome. The Guidance provides Borrowers with tools and approaches on “how to” incorporate best practice SCM, including mapping supply chains, identifying weaknesses, and advising on how best to increase supply chain resilience/security and supply. The Guidance is cognizant of the increasing complexity of global supply chains, associated vulnerabilities to shocks and crises, and the ensuing challenges in managing these supply chains. This Guidance reflects emerging good practice in SCM with a particular focus on infrastructure supply chains, which is a rapidly evolving space. The Guidance follows the Bank’s Procurement Process, but equally could be used by Borrowers for projects across their entire portfolio. The application of the tools and approaches discussed in this Guidance should be proportionate to the risk and value of the project and cognizant of the resources that the Borrower has available (e.g., for low risk/low value projects it may be that minimal SCM is needed). When developing SCM specific requirements or obligations, it is important to understand the specific supply market, consider what the supplier can realistically control, and set requirements or obligations accordingly Source: Mitesh Bhatt

Corporate at ZVENIA 29/04/2024

The 5 Rights of Procurement

This refers to essential principles guiding effective procurement practices within organizations. These rights are fundamental to ensure the procurement processes are 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝗻𝗱 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗶𝗻 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁. The 5 procurement rights are interconnected, meaning that each one affects the others. Therefore, the importance of these rights lies in how failing to achieve one can impact the overall success of attaining all five. The 5 Rights are, 𝟭. 𝗥𝗶𝗴𝗵𝘁 𝗤𝘂𝗮𝗹𝗶𝘁𝘆: This refers to purchasing the right quality of goods or services that meet the organization's standards and requirements 𝟮. 𝗥𝗶𝗴𝗵𝘁 𝗤𝘂𝗮𝗻𝘁𝗶𝘁𝘆: Procurement must ensure the organization's purchase of the correct quantity of goods or services. 𝟯. 𝗥𝗶𝗴𝗵𝘁 𝗣𝗹𝗮𝗰𝗲This involves delivering purchased items to the right location within the organization's supply chain 𝟰. 𝗥𝗶𝗴𝗵𝘁 𝗧𝗶𝗺𝗲: Purchased items should be delivered or available at the right time to avoid delays and minimize costs associated with holding inventory. 𝟱. 𝗥𝗶𝗴𝗵𝘁 𝗣𝗿𝗶𝗰𝗲: Procurement professionals need to secure reasonable, fair, competitive, and affordable prices

Source: Credits to Manickavasagam Natarajan

Corporate at ZVENIA 17/01/2024

Guía para la construcción y análisis de indicadores de gestión (62 pages)

🤔¿Trabajas por objetivos? Betania Scarponetti, nos muestra en un post que si tu respuesta es afirmativa, crees firmemente en la importancia de establecer metas claras y alcanzables para guiar tu trabajo y medir tu progreso 📈. Los objetivos no solo proporcionan dirección, sino que también son una fuente de motivación y enfoque. Al trabajar con un enfoque orientado a metas, puedes concentrar tus esfuerzos en tareas específicas que contribuyen al éxito general. Además, entiendes que los objetivos pueden evolucionar con el tiempo ⏳, y estás preparado para ajustar las estrategias según sea necesario. Finalmente, estás abierto a recibir retroalimentación constructiva para mejorar continuamente y alcanzar niveles más altos de rendimiento 💯💪🏻 Sin embargo, no solo se trata de contar solo objetivos ambiciosos, sino también de la necesidad de contar con indicadores efectivos para asegurar su éxito. 💡 Los indicadores son como faros que iluminan el camino, dándonos información valiosa sobre nuestra trayectoria y destacando cualquier ajuste necesario en nuestro enfoque. Es por ello que te compartimos el documento del Departamento Administrativo de la Función Pública para que puedas construir de manera correcta tus indicadores de gestión. Credits: Departamento Administrativo de la Función Pública

Corporate at ZVENIA 18/01/2024

Floating cone technique

✳ The floating cone technique is used to determine the final pit limit, generating the optimal pit in which revenue is maximized and defining the mining sequence within the pit. 👷‍♂️ To define the cone, you must have the average ore grade values, the stripping ratio and cost and income parameters per block. The block model is converted into an economic model, examining the net values of the blocks within the cone, the final pit limit can be determined. ✏ The steps to define the cone in a section (2D) are as follows, considering a slope angle of 45°: 1️⃣ The cone is moved from left to right along the first row of blocks in the section, if there are positive blocks they are removed, since there is a revenue because there isn´t material over of them. 2️⃣ The vertex of the cone is moved to the second line, it is moved from left to right stopping at the first positive block, if the sum of all the blocks is positive, the blocks are removed, if the sum is negative the cone is discarded and move the vertex to the next positive block in that row and repeat the process. 3️⃣ This process is repeated from left to right and top to bottom throughout the section's block array until there are no more blocks that can be removed. 4️⃣ The profitability of the section is found by adding the values of the blocks removed. 5️⃣ The overall stripping ratio is determined from the positive and negative values of the blocks. The image shows a simple example of an optimal final pit, but work has been done to improve the procedures and have procedures such as the Lerchs and Grossmann algorithm or the Pseudo flow that will be seen in future posts 🗓 . An optimal final pit is defined with the following conditions: ✅ Maximum profit.💰 ✅ Maximum net present value.💲 ✅ Maximum extraction. ⛏ The floating cone was one of the first techniques to define an optimal pit, however it has been shown that if blocks are investigated individually,🚨 a single block of ore may not justify extraction of the material above it 🚨, while combinations of the cones prove to be profitable, which leads to errors in the profitability of extracting the ore.⚒ 📝 Hustrulid W., Kuchta M., Martin R., Open pit mine planning and design, CRC Press.

Source: Credits to Alfonso Lozada Pérez

Corporate at ZVENIA 18/01/2024

Drilling Manual (70 pages)

This in-house manual is designed to assist NTGS staff in organising stratigraphic drilling programs and supervising on site. It is directed to those with little or no previous experience of drilling. It gives in-house guidelines and does not purport to reiterate government policy concerning drilling, unless this is explicitly acknowledged. It is not a textbook on drilling nor is it intended to be as comprehensive as company manuals. For comparison, the 1996 Santos onshore drilling operations manual is over 400 pages in length, including 58 pages of forms. In the present manual, much of the drillers’ jargon is explained in references listed in Appendix 1, and a glossary of common abbreviations provided in Appendix 2.Australian Standards referred to throughout the document are shown in the format AS1234. The symbol % is used to indicate guidelines, procedures and checks for the NTGS site Representative. The symbol is used to distinguish worked examples of calculations. An index provides quick reference to specific topics. It is anticipated that this document will be revised regularly, and any corrections or comments should be directed to the author or the Editorial Geologist Source: TSAYO BOGNING GAIUS MARCIAL, LinkedIn

Source: Northern Territory Geological Survey, NTGS

Corporate at ZVENIA 21/02/2024

Full documentary - Responsible Mining in Europe: A new paradigm to counter climate change

In this 22-minute documentary Peter Tom Jones (Director KU Leuven Institute for Sustainable Metals and Minerals - SIM2 KU Leuven) searches for answers to Europe’s seemingly problematic relationship with primary #mining of #energytransition #metals. #mining #criticalminerals #sustainability #eugreendeal #energystorage #electricalvehicles #lithiumionbatteries #rareearths #copper #cobalt #nickel #lithium #horizoneurope

Source: Source: SIM2 KU Leuven

Corporate at ZVENIA 18/12/2023

Demystifying Finance: Budgeting vs. Forecasting - A Comparative Analysis

🔍 Purpose: Budgeting is about setting financial targets and creating a plan to achieve them. It's a roadmap for your business's financial journey. Forecasting, on the other hand, is about predicting financial outcomes based on current trends and data. It's like a weather forecast for your business's financial health. ⏳ Time Horizon: Budgets are typically set for a specific period, usually a fiscal year. Forecasts are more flexible, often updated monthly or quarterly to reflect the latest data. 🔄 Flexibility: Budgeting is relatively static, a set plan you aim to follow. Forecasting is dynamic, constantly adapting to new information and market trends. 📊 Metrics and Evaluation: Budgeting focuses on variance analysis, comparing actual results to the budget. Forecasting evaluates trend accuracy, how well predictions match reality over time. 🛠️ Tools and Data: Budgeting relies on historical data and established goals. Forecasting uses statistical tools and models, incorporating real-time data for accuracy. 🤔 Decision Making: Budgets guide spending and investment decisions. Forecasts inform strategic planning, highlighting potential opportunities or risks. 🔮 Risk Management: Budgeting controls expenditure, reducing financial risks. Forecasting identifies future risks and uncertainties, allowing proactive measures. 🤝 Collaboration: Both require collaboration across departments for accurate and effective implementation. Are you ready to master your financial strategy? Let's connect and discuss how budgeting and forecasting can fuel your business's success. Share your thoughts below or drop a message! Source : Tejas Parikh (ACMA, MBA), LinkedIn

Source: Tejas Parikh (ACMA, MBA), LinkedIn

Demystifying Finance: Budgeting vs. Forecasting - A Comparative Analysis

Corporate at ZVENIA 25/11/2023

Underground Drilling and Blasting Training Video (3'08") - ACG

The Australian Centre for Geomechanics has developed this safety training video for underground metalliferous mine workers. Overview All underground mine workers will be exposed to drilling and blasting processes. The aim of this video is to provide workers with the critical knowledge on drilling and blasting to aid appreciation of the importance of these mining processes and their related hazards. The video features an introduction to the rock breaking process in mining, followed by a section on how to handle, store and transport explosive products. The third part of the video covers development drilling and blasting practices; and the fourth part discusses production drilling and blasting. Target Audience Underground mine workers - the need to identify the potential hazards of working near or with explosives, and the protocols of re-entering a working area after blasting. Workers responsible for development and production drilling and blasting activities. This video will review drilling and blasting fundamental concepts that are critical to achieving optimal rock breaking outcomes. All industry stakeholders - those keen to learn more about drilling and blasting in underground mines. Project Sponsors: Barrick Gold of Australia; BHP Billiton Olympic Dam; Dyno Nobel Asia Pacific; Gold Fields Australasia; Newmont Asia Pacific; Orica Mining Services; Xstrata Zinc. Credits: Australian Centre for Geomechanics

Source: Credits to : Australian Centre for Geomechanics

Corporate at ZVENIA 22/12/2023

Visualizing the Metals you can Buy with $1,000

For millennia people have purchased and relied on metals for decorative and industrial uses, figuring out their values based on their practical applications and visual luster. Today, precious and industrial metals markets quote figures in millions and billions as they exchange thousands of ounces, with varying densities and values of metals making it difficult to compare them. Using price data from TradingEconomics, this graphic visualizes how much of each metal you can buy for $1,000 so you can see just how much, or how little, of each metal you get for your money. How we Value Precious and Industrial Metals Characterized by their natural shine, metals are valued using the two key principles of rarity and their industrial uses, with unique properties such as their appearance or cultural significance also affecting their value. Rarity: A more scarce metal or resource will often have a higher value than one which is more abundant. For example, while there are an estimated 2.1 billion tonnes of identified copper deposits, there are only 57,000 tonnes of underground gold reserves. While copper is valued at $0.24 per troy ounce, gold is worth around $1,815 per troy ounce. Industrial uses: Metals which are needed for important industrial processes will often have a high demand from manufacturers, increasing their valuation. For example, for most of its history cobalt was used decoratively for its striking blue color and for the creation of superalloys and steel products. However, when it was recently discovered that cobalt could be a key component in lithium-ion batteries for EVs, demand for cobalt surged sending its price from around $23,000 per tonne to more than $90,000 per tonne at one point. Along with these two primary factors, unique properties and historical uses can also affect a metal’s valuation. Former monetary metals like gold and silver are still sought after by investors for their potential ability to retain value over time compared to today’s fiat currencies. Meanwhile, platinum’s durability, resistance to tarnishing, and its bright white color makes it highly sought after for jewelry, raising the demand and value of the precious metal. Getting Less for More: Comparing Metal Density A key factor that determines the volume of a metal you get for a certain price is also the metal’s density. Precious metals tend to be more dense than industrial metals, with sometimes more than double the density depending on the specific metals compared. As seen in the graphic above, $1,000 ... Source: https://elements.visualcapitalist.com/visualizing-the-metals-you-can-buy-with-1000/

Corporate at ZVENIA 22/12/2023

The wrong rate could cancel your project. 1// Risk vs. Reward: ➡️ Understand that a higher discount rate suggests higher risk, reducing NPV and IRR. ➡️ Tailor the rate to the project's unique risk profile. 2// Strategic Perspective: ➡️ Prioritize long-term strategic benefits that may warrant accepting a lower NPV. ➡️ Look beyond immediate financial returns. 3// Accurate Cash Flows: ➡️ Present realistic cash flow projections. ➡️ Clear and credible forecasts can mitigate the effects of a higher discount rate. 4// Cost of Capital: ➡️ Ensure the discount rate reflects your company's actual cost of capital. ➡️ Overstated rates can unfairly disadvantage good projects. 5// Opportunity Cost: ➡️ Consider what might be lost by not pursuing the project. ➡️ Sometimes, the benefits outweigh the risks suggested by a high discount rate. 6// Sensitivity Analysis: ➡️ Use this tool to show how various discount rates affect project viability. ➡️ Demonstrating robustness under different scenarios. 7// Risk-Adjusted Phases: ➡️ Propose varying discount rates for different project stages. ➡️ Align rates with the varying risk levels of each phase. 8// Historical Data Utilization: ➡️ Leverage past project data to argue for a realistic rate. ➡️ Especially relevant when previous projects have shown success. 9// Non-Financial Value: ➡️ Account for intangible benefits like brand enhancement or sustainability impacts. ➡️ These benefits don't directly figure into NPV calculations but are valuable. 10// Flexible Rate Review: ➡️ Advocate for periodic reassessments of the discount rate. ➡️ Adjust as the project advances and uncertainties diminish.

Source: Credits to Oana Labes, MBA, CPA

Here are 10 strategic tips to negotiate the right rate

Corporate at ZVENIA 19/01/2024

Financial Analysis Course (33 pages)

How to analyze In 2 minutes a: • Balance sheet • Income Statement • Cash Flow Statement 1️⃣ Balance sheet A balance consists of the following elements: • Current Assets • LT Assets • Current Liabilities • LT Liabilities • Shareholders Equity It shows you what the company owns and owes. This statement is based on a simple formula: Assets = Liabilities + Equity 2️⃣ Income Statement An income statement shows you the income and expenses of a company. Revenue - COGS = Gross Profit - Operating Expenses = Operating Income - Non-Operating Income/Expenses = Pre-Tax Income - Taxes = Net Income 3️⃣ Cash Flow Statement The Cash Flow Statement consists of 3 elements: • Cash Flow from Operating Activities • Cash Flow from Investing Activities • Cash Flow from Financing Activities It shows you the cash that enters and leaves a company. Cash Flow from Operating Activities Net Income + Non-Cash Changes +/- Changes in Working Capital = Cash Flow from Operations Cash Flow from Investing Activities - Capital Expenditures - Acquisitions + Proceeds from the sale of investments = Cash Flow from Investments Cash Flow from Financing Activities +/- Borrow/Repay Debt +/- Issue/Repurchase of stocks - Pay Dividends = Cash Flow from Financing

Source: Credits to Compounding Resources

Corporate at ZVENIA 11/03/2024

Harvard report: 83% of senior executives say meetings are time-wasters. And that's not all...

➟ 62% say meetings miss out on team building ➟ 64% say meetings steal time from deep thinking ➟ 71% say meetings are unproductive and inefficient Yet they still average 23 hours a week in meetings. And employees spend 31 hours a month in meetings. Imagine having all that time to actually get work done. Meeting culture is killing productivity. There's a better way: ✅ Cut the clutter (and be ruthless). Cancel all recurring meetings that don't deliver value. ✅ Agenda is a must. No clear purpose, no meeting. Keep it sharp & focused. ✅ Use technology instead. Quick chats, emails, Looms, shared docs save hours. ✅ Smaller is smarter. Limit attendees to those who really need to be there. ✅ Watch the clock. Set a strict time limit. Make 30 mins your max. ✅ Give an opt-out option. Not essential? Let them skip it. Respect their time. ✅ Prioritize impact. If it won't benefit the bottom line or team well-being, scrap it. Lead by example. Give your team the gift of time. They'll deliver results you never imagined possible. Agree? Repost for others to see it too ♻️. And follow Justin Wright for more like this. P.S. Have you experienced meeting overload?

Source: Credits to Justin Wright

Harvard report: 83% of senior executives say meetings are time-wasters. And that's not all...

Corporate at ZVENIA 25/02/2024

Semi-mobile plant in Vostochny open-pit mine in Kazakhstan - TAKRAF

Credits to Hooman Askari for this post. ✅ Highlights of this semi-mobile plant are: ➖ Semi-mobile design with truck bridges ➖ Building above crushing plant ➖ Material fed by heavy duty apron feeder ➖ Crusher designed and manufactured by TAKRAF ➖ Extremely cold weather design ➖Dust collection system ➖ Crushing capacity 4,250 t/h ➖Material - Overburden, mainly sandstone/siltstone ➖ Crusher – double roll crusher ➖ Material feed – Apron Feeder ➖ Semi-mobile crushing plants for relocation ✅ A considerable number of mines around the world opt for a semi-mobile crushing plant. These plants are designed in such a manner that they can be relocated through the use of transport crawlers and/or multi-wheel trailers. Having the flexibility to relocate the crushing plant enables travel distances for haulage trucks and belt conveyors to be optimized during the life of the mine - all with a view to providing increased efficiency and flexibility to the mine operator. Choosing the optimal crushing plant location is an essential criteria for the reduction in the number of haulage trucks required and increase in operational efficiency. ✅ In-Pit Crushing and Conveying (IPCC) ✅ Capital and operational costs of an operation depend directly on the material transport system. Conventional truck haulage as today´s predominant means of material transport in surface mines are well established and provide excellent flexibility, however contribute up to 60% of the overall mining cost. Further to the potential operational expenditure (opex) reduction, IPCC systems also offer a number of other benefits to mining operations ranging from an increase in safety to reductions in dust, noise and greenhouse gas emissions, increased automation and bad weather downtime. ✅ IPCC represents a viable, safer and less fossil fuel dependent alternative, comprising fully-mobile, semi-mobile or stationary crushing stations connected to conveyors and spreaders (for waste) or stackers (for ore) to transport material out of the mine. ✔ For more information on what I do: https://lnkd.in/gw6bKKm ✔ Click on the hashtag to follow me for mining news and educational content: #MiningNewsByHooman 🔗All rights and credits reserved to the respective owner/s See source #miningengineering #mining #miningindustry #miningengineering #geologists #mineplanning #ingenieríaminera #minería

Source: Source: TAKRAF Group

Corporate at ZVENIA 16/03/2024

EBITDA Explained Simply

EBITDA is an acronym that stands for Earnings Before Interest, Taxes, Depreciation & Amortization. EBITDA is a major financial indicator used to evaluate companies' profitability with different capital structures. EBITDA is a rough guide to show how much cash a business generates. Calculating EBITDA requires information from the company's Income Statement and Cash Flow Statement. Here's one way to do it: Net Income + Interest Expense (Income Statement) + Taxes (Income Statement) + Depreciation (Cash Flow Statement) + Amortization (Cash Flow Statement) Some investors love EBITDA. Others despise it. EBITDA does not take into account all business activities, so it might overstate cash flow. Charlie Munger calls EBITDA "Bullsh*t Earnings" Why? Because it ignores depreciation as an expense. Depreciation is when a tangible asset's value is gradually reduced over time to account for wear and tear. The equipment will eventually be replaced, so depreciation is an actual expense. This is why ignoring it when calculating profits can be a big mistake. Buffett & Munger prefer to look at EBT -- Earnings Before Taxes. This allows them to compare the earnings yield on a business to the earnings yield on bonds (which is also a pre-tax number). Credits to Brian Stoffel

Source: Credits to Brian Stoffel

arrow_back 24 Legal and tax

Corporate at ZVENIA 26/02/2024

The World Justice Project Rule of Law Index® 2023 (223 pages)

The rule of law is internationally recognized as a foundational element in guaranteeing peace, justice, human rights, effective democracy, and sustainable development. Around the world, however, the rule of law continues to weaken. This 2023 edition of the World Justice Project (WJP) Rule of Law Index shows that over 6 billion people now live in countries where the rule of law is declining. Amid widespread institutional stagnation, a majority of countries continue to experience rule of law backsliding characterized by executive overreach, diminished human rights, and justice systems that are failing to meet people’s needs.

https://worldjusticeproject.org/rule-of-law-index

Corporate at ZVENIA 22/02/2024

Latest news in mining

The Mining News Making The Headlines This Week.... 📰 Financial Results 📊 🇦🇺 BHP announced it's first half year results - Revenue up 6% to U$27billion, underlying profit $6.6billion, net profit $927million (due to a $5.6billion impairment for Samarco disaster), dividend of 72c a share being paid out. 🇬🇧 Anglo American is expected to announce revenue of U$30billion, Net profit of $2.4billion and net debt to have increase by 35% to $10.75billion. 🇬🇧 🇦🇺 Rio Tinto posted a US$15.5billion net profit, they will return $7.1billion to investors with a $2.58 a share dividend. 🇬🇧 🇨🇱 Grupo Antofagasta Minerals recorded an 8% increase in revenue to US$6.3billion and a pre-tax profit of $1.8billion (up 11%), production is up 2%, the dividend will be 60c a share. 🇨🇭Glencore's profits are down 75% from last year, US$4.3billion for 2023, they will return 13c a share to shareholders. 🇦🇺 Pilbara Minerals Limited posts a net profit of AU$220million, down 82% from the year before due to a 90% drop in the lithium price. 🇦🇺 Iluka Resources posted revenue of $1.24billion, net profit of $342million, 4c per share dividend. Mergers & Acquisitions 🤝 🇦🇺 🇺🇸 Orica acquire Cyanco for US$640million with the aim of creating an integrated global manufacturing & distribution network, Cyanco mainly supply chemicals into the gold mining industry, Orica will partly fund the deal with a $US$260million equity raise. 🇺🇸 🇷🇺 🇰🇿 Polymetal International plc is selling its Russian business for U$3.7billion, after tax cash from the deal of $300million is going to be reinvested into Kazakhstan operations. 🇨🇦 Integra Resources has sold its royalty interest in Wheaton Precious Metals for US$9.8million. Commodity price impacts 📉 🇿🇦 Anglo Platinum have announced on the back of weak platinum prices and rising operational costs that they're reviewing up to 4,300 jobs in an effort to save money. The company employs 32,000 staff so over 10% of the workforce. 🇦🇺 🇨🇴 South32 are undertaking a review of their Cerro Matoso nickel mine Executive Changes 📯 🇨🇦 Barrick Gold Corporation's Executive Chairman of a decade John Thornton will move into a Chairman role. 🇨🇦 Wesdome Gold Mines announces Fernando Ragone as their new Chief Financial Officer. Mining Projects ⛏️ 🏗️ 🇨🇦 🇵🇪 Sierra Metals Inc. has been successful in obtaining environmental permitting to develop their Peruvian Yauricocha mine, they are planning to increase copper production by 40%. 🇦🇺 🇬🇳 Rio Tinto have allocated $6.2billion in capital expenditure over the next 3 years to finance projects such as Simandou and Gudai Darri. 🇦🇺 Iluka Resources have altered their estimates to complete their Eneabba rare earth processing plant to AU$1.7-1.8billion and are in discussions with the Australian government to assist with financing the additional $450-550million in costs. hashtag#mining hashtag#miningindustry hashtag#coppermining hashtag#nickel

Source: by Alex Wilkinson

Corporate at ZVENIA 21/01/2024

Lock out

Napo in shocking situations - episode 008 - Lock out

Source: Credits to napofilms

Corporate at ZVENIA 18/01/2024

Eye Safety (17 pages)

Every day, more than 120 construction workers are disabled and forced to miss work because of an eye injury.

Source: Credits to : Abla Mawudeku, Judith Anderson, Kathy Hunting, Sandra Jacob Dept. of Env. & Occ. Health, George Washington University, Washington, D.C.

Corporate at ZVENIA 17/01/2024

What is Working Capital?

Here's a simple way to understand this confusing finance term. Working capital -- aka Net Working Capital -- is the difference between a company's current assets (expected to be used/consumed/converted into cash <1 year) and current liabilities (debts that are expected to be paid off in <1 year). Why is working capital important? Working Capital is a quick way to assess a company's liquidity, which is its ability to meet its short-term obligations. It serves as an indicator of a company's financial health. If working capital is positive, it indicates that a company has sufficient resources to cover its short-term financial needs. If working capital is negative, it indicates that a company may face financial difficulties. There are three ways to calculate working capital: THE SIMPLE METHOD Current Assets - Current Liabilities This is the most common method and easiest to calculate. THE NARROW METHOD (Current Assets - Cash) - (Current Liabilities - Debt) This method excludes cash & debt, which can be useful for comparing companies with different capital structures. THE SPECIFIC METHOD: Accounts Receivable + Inventory - Accounts Payable: This method focuses on the cash conversion cycle of a business, which is the time it takes to convert inventory into cash.

Source: Credits to Brian Feroldi

Corporate at ZVENIA 16/03/2024

Tips for data visualization!

Color matters and is especially helpful with your storytelling. It conveys more information than we might think in many cases and sometimes it also delivers emotion. But still, less is more, keep it simple unless necessary. When I think about the charts that I made in the early days, yes, they did look like peacocks. 😂 One more book recommendation for data storytelling https://lnkd.in/g5iTqjSH What did your first few charts look like? Were they very different from your current work? Source: Warsaw University of Technology

Source: Credits to Alex Wang

Corporate at ZVENIA 11/03/2024

Global Atlas 17: Critical Minerals (musings from the desk of a retired geologist), 130 pages

The multi part Global Atlas is a compilation of public domain global geologic information. It is organized by themes of interest and is meant to be a quick go to reference for E&P folks, researchers and academia. This one is a very simple compilation of known distribution of critical mineral deposits around the world. I have incorporated the interesting “verbatim” responses from the Chat GPT AI engine regarding the various critical minerals to show how it can be a valuable teaching tool. Critical minerals are defined as metal and nonmetal elements and compounds considered vital to economic and national security yet whose supplies may be at risk because of geological scarcity, geopolitical issues, trade policies, or other factors related to extraction, refining, and transport.

Source: Credits to Eddy Ong

Corporate at ZVENIA 07/03/2024

What is the TRUE VALUE of GOLD?

First, let's consider how much gold is readily available to us. The most recent estimate is ~210,000 tonnes extracted and ~50,000 tonnes discovered and still in the ground - There's not much of it around! All the gold that has been mined would fit into 4 Olympic-sized swimming pools. 🏊‍♀️ Next, let's consider how is GOLD made. 🤔 ☀ Nucleosynthesis in Stars: - Stars are giant nuclear reactors where hydrogen is converted into helium through nuclear fusion. As the star evolves, heavier elements are formed through subsequent fusion reactions. - During the later stages of a massive star's life, when it undergoes a supernova explosion, intense heat and pressure cause rapid nucleosynthesis, leading to the creation of gold and other heavy elements. 🌟 Supernova Explosion: - The explosion of a massive star, known as a supernova, is a cataclysmic event that releases an enormous amount of energy. - The extreme conditions during a supernova, such as high temperatures and intense pressure, enable the fusion of lighter elements into heavier ones, including gold. ⚛ R-process (Rapid Neutron Capture): - Gold, being a relatively heavy element, requires specific conditions for its formation. The rapid neutron capture process (r-process) during a supernova is crucial for creating elements heavier than iron. - In the r-process, neutrons are rapidly captured by existing nuclei, leading to the formation of gold and other heavy elements. 💣 Distribution in Space: - After a supernova explosion, the newly formed elements, including gold, are ejected into space. These elements become part of the interstellar medium, the material that fills the space between stars. 🌌 Formation of Planetary Systems: - As new stars and planetary systems form from the remnants of earlier stars, the material in the interstellar medium, enriched with heavy elements like gold, becomes incorporated into these new systems. 🌎 Earth's Formation: - The Earth and other planets in our solar system formed from a rotating disk of gas and dust around the young Sun. This material contained traces of heavy elements, including gold, inherited from previous generations of stars. 🌋 Magmatic Processes: - Volcanic and magmatic processes bring materials from the mantle to the Earth's surface. - In certain geological conditions, gold-containing fluids can migrate through the Earth's crust and form gold deposits near the surface. So, if you have a smart phone or any gold jewelry, you've got a piece of an ancient dead star! ⭐ It took BILLIONS of years for the universe to make the gold, perhaps its TRUE VALUE is much higher than what we perceive it to be. After all economically viable sources of gold have been mined, how can more of it be produced? #GoldMining | #MiningMatters | #StoreofValue | #PreciousMetals

Source: Credits to Tuan Truong

Corporate at ZVENIA 06/12/2023

Most maintenance programs are inefficient. One big reason for that is they’re not using the right types of maintenance. Remember, there is no ‘best’ type of maintenance. You need to match the right type of maintenance with the characteristics of the failure mode your dealing with and with your organisational objectives That’s why in the next few days... I’ll talk about the 9 Types of Maintenance in greater detail. 1-Preventive Maintenance (PM) 2-Corrective Maintenance (CM) 3-Time-based Maintenance (TBM) 4-Failure Finding Maintenance (FFM) 5-Risk-based Maintenance (RBM) 6-Condition-based Maintenance (CBM) 7-Predictive Maintenance (PDM) 8- Deferred Corrective Maintenance 9- Emergency Maintenance (EM) Which one do you use the most? Source: Erik Hupjé, LinkedIn

Source: Erik Hupjé, LinkedIn

Corporate at ZVENIA 22/02/2024

The top 50 biggest mining companies in the world

The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went ballistic At the end of 2023, the MINING.COM TOP 50* ranking of the world’s most valuable miners reached a combined $1.42 trillion, up a healthy, if far from spectacular $48.7 billion over the course of 2023. Mining’s top tier is also worth $330 billion less than in March 2022. Metal and mineral markets are volatile at the best of times – the nickel, cobalt and lithium price collapse in 2023 was extreme but not entirely unprecedented. Rare earth producers, platinum group metal watchers, iron ore followers, and gold and silver bugs for that matter, have been through worse. Mining companies have become better at navigating choppy waters and as a whole the majors performed fairly consistently last year despite geopolitical and market turmoil, but within the ranking, 2023 fortunes were made and lost over what seemed like days. The forced closure of one of the world’s biggest copper mines – and the subsequent collapse of owner First Quantum Minerals stock – served as a stark reminder of the outsized risks miners face over and above market swings. Panama root canal After months of protests and political pressure, at the end of November the Panama government ordered the closure of First Quantum Minerals’ Cobre Panama mine following a ruling by the Supreme Court that declared the mining contract for the operation unconstitutional. Public figures, including climate activist Greta Thunberg and Hollywood actor Leonardo Di Caprio backed the protests and shared a video calling for the “mega mine” to cease operations, which quickly went viral. That mining cobre is at the nexus of the green energy transition is clearly an irony lost on those trying to save the world. FQM is seeking arbitration and completely winding down operations will take time, but a reopening of Cobre Panama is not on the cards. From 25th position in the ranking at the end of March 2022 and a valuation well above $20 billion, the November-December sell off saw FQM drop out of the top tier altogether, ending 2023 at number 58 with a market cap below $6 billion. Cobre Panama supplied more than 40% of the company’s revenue, and with nickel prices plummeting FQM has also been forced to suspend operations at its Raventhorpe mine in Australia. Amid the inevitable takeover rumours now in circulation, shares in the Vancouver-based company have rallied in 2024, but still not enough to reenter the top 50. No. 12 with a bullet If 2023 was an annus horribilis for FQM it was mirabilis for Amman Mineral Internasional. Stock in the Indonesian firm surged by 269% from its July debut in Jakarta to reach a market capitalisation of more than $30 billion at the end of last year – and number 12 in the ranking. That valuation is quite an achievement on annual revenue of $2 billion no matter how fat margins are at the company’s Batu Hijau copper and gold mine. Batu Hijau is the third largest mine worldwide in terms of copper equivalent output (but no match for Cobre Panama when it comes to the orange metal alone) and has been in production since the turn of the millennium. Amman is also developing the adjacent Elang project on the island of Sumbawa. Amman Minerals’ ascent has minted at least six new billionaires and the stock appears to be building on its success in 2024, rising by double digits in January already. Indonesia’s other major mining IPO, Harita Nickel, was on a different trajectory altogether. After listing in April and raising $672m, the company has had a tough go of it and the stock has shed more than 38% since then as nickel prices continue to decline. Shiny gold, dull silver, tarnished PGMs The price of gold hit an all-time record on December 1, 2023. But bullion’s best ever level passed without the usual fanfare and despite bullish indications for 2024, gold mining stocks did not exactly storm the rankings of the most valuable miners. Over the course of 2023 gold and royalty companies on the MINING.COM TOP 50* ranking of the world’s most valuable miners added a collective $20.8 billion in market cap. And judging by gold miners’ performance so far this year, gold above $2,000 is not providing enough support. Newmont is already down 17%, Barrick has shed 13% and Agnico Eagle shareholders are 9% poorer. The number of precious metals companies in the top 50 has also been relatively stable over the years. With Newmont’s absorption of Newcrest now complete, the open slot was taken up by Kinross, which spent a few years in the wilderness. Anglogold Ashanti was just edged out by Jiangxi Copper for position number 50 on the last trading days of 2023, but based on its performance so far in 2024 the London-listed company is already back among the top tier. Indeed Anglogold is the only major gold player in the black year to date. ...

Source: Source: mining.com/top-50-biggest-mining-companies/

The top 50 biggest mining companies in the world

Corporate at ZVENIA 17/01/2024

Location of the initiation hole and reamer holes (3 pages)

In underground mine blasting, the location of the initiation hole and reamer holes is crucial for achieving efficient and safe blasting results. Here are the key reasons why their placement is important: Optimizing Fragmentation: The initiation hole, often referred to as the blasthole, is typically drilled at a strategic location within the rock mass to achieve optimal fragmentation. The goal is to break the rock into smaller, manageable pieces that can be easily handled and processed. Reamer holes are additional holes drilled around the initiation hole to enhance the fragmentation pattern. The proper placement of reamer holes helps in breaking the rock mass more uniformly and reducing oversize rocks. Controlling Rock Movement: Initiating the blast at a specific location helps control the direction of rock movement. This is important for safety and to prevent damage to underground infrastructure or equipment. Reamer holes can be strategically placed to direct the force of the blast in a controlled manner, reducing the risk of flyrock and ensuring that the energy is utilized efficiently for breaking the rock. Minimizing Vibration and Overbreak: Proper placement of blastholes helps in minimizing ground vibration, which is important to prevent damage to surrounding structures, tunnels, and workings. Controlling the location and timing of the blast helps achieve the desired results while minimizing undesirable side effects. Reamer holes can also be used to control overbreak, which refers to the unintended fracturing or displacement of rock beyond the desired excavation limits. By placing reamer holes strategically, miners can reduce overbreak and maintain the integrity of the surrounding rock mass. Ensuring Safety: Careful planning of blasthole and reamer hole locations is crucial for the safety of personnel working in the underground mine. This includes avoiding the creation of unstable rock conditions, controlling the release of gases, and preventing the occurrence of hazardous situations such as rockfalls. Efficient Ore Recovery: Properly placed blastholes contribute to efficient ore recovery by facilitating the extraction of valuable minerals in a way that minimizes dilution and maximizes the yield of ore. In summary, the careful consideration of blasthole and reamer hole locations is essential for achieving effective fragmentation, controlling rock movement, minimizing vibration and overbreak, ensuring safety, and optimizing ore recovery in underground mine blasting operations.

Source: Alexsander Taniyaola

Corporate at ZVENIA 21/02/2024

Big business continues to dominate the majors in the mining industry.

May 2023 Newmont agree deal with Newcrest Newmont, the world’s biggest gold mining company agreed in May 2023 to acquire Australia-based gold miner Newcrest US$19.2bn/AU$26bn in the industry’s biggest deal to date. May 2023 Allkem and Livent Fuse Allkem Limited and Livent Corp join forces in a US$10.6 bn or AU$15.7bn all-stock merger of equals deal. April 2023 BHP acquires OZ Minerals The scheme was finally given the green-light by the Federal Court of Australia after the OZ Minerals shareholders gave the US$6.4bn or AU$9.6 bn acquisition the thumbs up. Dec 2022 Rio Tinto completes Turquoise Hill deal Rio Tinto completes US$3.3bn or AU$4.9bn Turquoise Hill deal for larger chunk in the mammoth Oyu Tolgoi project in Mongolia. Feb 2022 Agnico and Kirkland Lake Merge In a merger of equals which now creates a mining industry leader with a dominant position in the Canadian gold mining industry, Agnico Eagle Mines Limited and Kirkland Lake Gold Ltd combined in a transaction valued at US$11bn or CAD 13.5 bn/ AU$16bn. Dec 2019 Barrick Gold-Randgold agree to merger creating a new gold mammoth In the industry The share-for-share deal valued at US$6.5 bn or AU$9.8bn. The deal resulted in the formation of a “new Barrick” with a strong operational foundation across Africa, North America and South America as well as operations in Saudi Arabia and PNG. March 2019 Newmont acquire Goldcorp for $10bn An acquisition meaning the creation of a world leading gold company,. In 2019, Newmont acquired all the outstanding common shares of Goldcorp in a stock-for-stock transaction valued at US$10bn or AU$15bn. And way back in 2007... November 2007 Rio Tinto acquires Alcan’s outstanding shares At the time this was the largest deal in mining & metals history for US$38.1bn/ AU$44bn. Source: Jon Taylor, LinkedIn

Source: csgtalent

Big business continues to dominate the majors in the mining industry.

Corporate at ZVENIA 17/01/2024

M&A, Mergers and acquisitions (10 pages)

Mega M&A Bundle Includes: →M&A Handbook →Due Diligence Types →M&A Deal Buy Side Roadmap →Private Equity Vs Venture Capital →Financial Due Diligence Checklist →Financial Due Diligence Process →ABCs of M&A →M&A Buy-side VS Sell-side →Unwritten M&A Model →Proof of cash model Source: Corporate Finance Learning®, LinkedIn

Corporate at ZVENIA 22/12/2023

A decade of mining operations experience has inspired me to unveil the hidden stories that rarely see the light of day. From the gritty rock face to the boardroom decisions steering mining companies, the choices made on the ground reverberate to the highest echelons with profound effects on the outcomes that C-level executives care about. During the daily grind, these choices often go unnoticed, yet they are the architects of a mining operation's destiny. This prompts a series of discussions bridging practical actions with strategic visions. Starting with one that’s neat: Mine-to-Mill reconciliation. It's basically comparing what we thought we'd dig up against what we got as final product. Simple, right? But it tells us a whole lot about where we're nailing it and where we need to up our game. Reconciliation goes beyond the science of estimation; it's the critical bridge that connects our forecasted models with the tangible outcomes in the field. For Geostatisticians, geologists, and mining planners, the focus often zeroes in on the accuracy of block models and the efficacy of mining sequences. Yet, for managers and shareholders, reconciliation serves a broader strategic purpose. It's a test that answers a fundamental question: Are we delivering on our promises to the market? Every dollar spent on operational expenses (OPEX) and capital expenditures (CAPEX) is a commitment—not just to operational viability but to generating the expected cash flow and product yield. Thus, reconciliation straddles two realms: the technical and the strategic. It validates the scientific rigor of our mineral resource estimations while simultaneously holding us accountable to the financial and production targets set before investors and stakeholders. My journey from hands-on Resource Geologist to strategic Mine Technical Services Manager has bestowed me with a panoramic view of mining operations. Effective reconciliation isn't just about intricate science; it's about aligning production with investor, stakeholder, and market expectations. A Practical Roadmap: 1. Data Mapping: Start by mapping your existing data—long-term and short-term block models, surveys, dispatch records, truck scales, plant sampling, and mass balance data. This is the foundation of reconciliation, helping you turn numbers into valuable insights. 2. Choose Reconciliation Frequency: In the next stage, determine how often you'll conduct reconciliation. It could be monthly, yearly, or quarterly, tailored to your company's unique needs. Keep in mind that a monthly frequency may not yield accurate results if you have substantial intermediate stock or lack monthly surface surveys. Adapt your comparison factors to align with your operational reality. 3. Dive into Comparisons: Understand that criticism and comparisons are essential. Just dividing numbers may not reveal the full picture. Be curious and dig deeper into your data to uncover meaningful insights. 4. Embrace Criticism and Adapt: Welcome criticism and foster a culture of continuous adaptation. Share your results openly, even if they raise questions. Embracing feedback and learning from it is integral to refining and enhancing your reconciliation process. I would like to share a practical example of reconciliation, offering you a glimpse into a typical surface nickel mining operation with a blending process. It's a dynamic and intricate system where raw ore from various sources is meticulously blended to achieve the desired product composition. Reconciliation is more than just crunching numbers; it's a commitment to excellence, transparency, and growth. I invite you all to be part of this journey. Feel free to drop your questions, share your thoughts, or send me a message— I'm more than happy to share my knowledge and insights for free. Let's explore the depths of this vital process together, and together, we can shape the future of mining operations.

Source: Roberto Menin

Mining Insights: Decoding Mine-to-Mill Reconciliation

Corporate at ZVENIA 18/01/2024

Mineria en el fondo marino

Noruega se convirtió en el primer país del mundo en autorizar la controvertida práctica de la #minería en aguas profundas a escala comercial. Y es que el proyecto de ley que se aprobó el martes acelerará la búsqueda de metales preciosos, los cuales tienen una gran demanda en la industria de tecnologías verdes. Al respecto, los científicos ambientales han advertido que la aprobación del proyecto podría tener efectos devastadores para la vida marina. Y aunque el plan se circunscribe a aguas noruegas, este año podría alcanzarse un acuerdo sobre minería en aguas internacionales. No obstante, el gobierno noruego dijo que estaba siendo cauteloso y que sólo comenzaría a emitir licencias una vez que se llevaran a cabo más estudios ambientales. Las profundidades del mar albergan rocas del tamaño de una papa que se conocen como nódulos y costras: éstas contienen minerales como litio, escandio y cobalto, fundamentales para las tecnologías limpias, incluidas las baterías. La propuesta de Noruega le permitirá a las mineras presentar solicitudes para explotar 280.000 Km2, un área mayor que el tamaño de Reino Unido. Aunque estos minerales están disponibles en tierra, están concentrados en unos pocos países, por lo que su suministro puede llegar a estar en riesgo. Por ejemplo, la República Democrática del Congo es dueña de algunas de las mayores reservas de cobalto, pero enfrenta conflictos en algunas partes del país. Walter Sognnes, cofundador de la minera noruega Loke Minerals -que planea solicitar una licencia- reconoció que es necesario hacer más para comprender las profundidades del océano antes de que comience la minería. "Tendremos un período relativamente largo de actividad de exploración y mapeo para cerrar la brecha de conocimiento sobre el impacto ambiental", le dijo a la BBC en una entrevista. Las críticas Martin Webeler, activista de los océanos e investigador de la Fundación de Justicia Ambiental, dijo que el anuncio es "catastrófico" para el hábitat del océano. "El gobierno noruego siempre destacó que quiere implementar los más altos estándares ambientales. Es hipocresía mientras se desestiman todos los consejos científicos", comentó. Asimismo, dijo que las mineras deberían centrarse en prevenir daños ambientales en las operaciones actuales, en vez de abrir una industria completamente nueva. La medida pone al país en desacuerdo con la UE y Reino Unido, quienes han solicitado una prohibición temporal de la práctica debido a las preocupaciones existentes sobre posibles daños ambientales. Las técnicas para recolectar minerales del fondo marino podrían generar una importante contaminación acústica y lumínica, así como daños al hábitat de los or

Source: Credits to Minero Digital

Corporate at ZVENIA 21/01/2024

Cumulative Uranium Production, by Country (1945-2022)

Uranium production in Cigar Lake, Canada is the highest-grade in the world. Since 2014, the site has mined 105 million pounds of the radioactive metal, which is naturally occurring on Earth. It is the largest uranium mine on the planet. For context, an egg-sized amount of uranium fuel can generate as much electric power as 88 tonnes of coal. Given its vast uranium deposits, Canada has produced the most uranium worldwide since 1945. This graphic shows cumulative uranium production by country in modern history, with data from the World Nuclear Association. The Top Uranium-Producing Countries Since 1945, a total of 3.5 million tonnes of uranium has been produced globally. Together, Canada and the U.S. account for over 29% of global production, mining 932,000 tonnes over the last several decades. Country Share of Production Cumulative Production 1945-2022 (Tonnes) 🇨🇦 Canada 17.4% 554,475 🇺🇸 United States 11.9% 378,038 ☭ USSR* 11.9% 377,613 🇰🇿 Kazakhstan 11.0% 349,789 🇦🇺 Australia 7.6% 240,579 🇩🇪 Germany 6.9% 219,685 🇿🇦 South Africa 5.2% 165,692 🇳🇦 Namibia 5.0% 158,856 🇳🇪 Niger 4.9% 156,797 🇨🇿 Czech Republic 3.5% 112,055 🇷🇺 Russia 2.8% 90,725 🇺🇿 Uzbekistan 2.4% 76,808 🇫🇷 France 2.4% 76,021 🇨🇳 China 1.7% 53,712 🇺🇦 Ukraine 0.8% 24,670 🌍 Others 4.7% 149,299 *Until 1991, USSR comprised the uranium production of Russia, Kazakhstan, Uzbekistan, Ukraine and other former Soviet Union republics. During the Cold War, the USSR mined over 377,000 tonnes of uranium for a variety of purposes including nuclear reactors and naval fuel. Due to demand from nuclear reactors, uranium production sharply increased from the 1960s to the 1980s. With this came the construction of the earliest generation of nuclear plants. Today, about 436 nuclear reactors are in operation. Since the war in Ukraine, uranium has drawn increased attention given its role in nuclear weapons. Ukraine had 15 nuclear reactors depending on uranium from Russia, but the country rapidly signed a deal with Canada due to their exposure to the crisis. Similar to Ukraine, nuclear reactors in Finland were at risk since their Russian-made reactors relied on the know-how of Russian firms. While uranium is used for defense purposes, it also plays a key role in electricity generation thanks to its low carbon footprint. In the U.S., about 19% of electricity is powered from nuclear plants, and around 10% of global electricity is from nuclear power sources. This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Source: Credits to Visualcapitalist

Cumulative Uranium Production, by Country (1945-2022)

Corporate at ZVENIA 18/01/2024

The HR glossary every leader needs

Equip yourself with these terms and lead like a pro:

Source: Credits to Wouter Durville

Corporate at ZVENIA 18/01/2024

10 viral Business Strategy Cheat Sheets (10 pages)

The Decision Matrix Cheat Sheet The Blue Ocean Strategy Cheat Sheet The Ultimate Business Strategy Matrix The Ultimate Productivity Matrix The Ultimate Cognitive Bias Cheat Sheet The Ultimate Negotiation Strategy Cheat Sheet Follow Kevin in LinkedIn : https://www.linkedin.com/in/kevin-box/

Source: Credits to Kevin Box

Corporate at ZVENIA 03/11/2023

Visualizing the Critical Metals in a Smartphone

In an increasingly connected world, smartphones have become an inseparable part of our lives. Over 60% of the world’s population owns a mobile phone and smartphone adoption continues to rise in developing countries around the world. While each brand has its own mix of components, whether it’s a Samsung or an iPhone, most smartphones can carry roughly 80% of the stable elements on the periodic table. But some of the vital metals to build these devices are considered at risk due to geological scarcity, geopolitical issues, and other factors. Smartphone Part Critical Metal Touch Screen indium Display lanthanum; gadolinium; praseodymium; europium; terbium; dysprosium Electronics nickel, gallium, tantalum Casing nickel, magnesium Battery lithium, nickel, cobalt Microphone, speakers, vibration unit nickel, praseodymium, neodymium, gadolinium, terbium, dysprosium What’s in Your Pocket? This infographic based on data from the University of Birmingham details all the critical metals that you carry in your pocket with your smartphone. 1. Touch Screen Screens are made up of multiple layers of glass and plastic, coated with a conductor material called indium which is highly conductive and transparent. Indium responds when contacted by another electrical conductor, like our fingers. When we touch the screen, an electric circuit is completed where the finger makes contact with the screen, changing the electrical charge at this location. The device registers this electrical charge as a “touch event”, then prompting a response. 2. Display Smartphones screens display images on a liquid crystal display (LCD). Just like in most TVs and computer monitors, a phone LCD uses an electrical current to adjust the color of each pixel. Several rare earth elements are used to produce the colors on screen. 3. Electronics Smartphones employ multiple antenna systems, such as Bluetooth, GPS, and WiFi. The distance between these antenna systems is usually small making it extremely difficult to achieve flawless performance. Capacitors made of the rare, hard, blue-gray metal tantalum are used for filtering and frequency tuning. Nickel is also used in capacitors and in mobile phone electrical connections. Another silvery metal, gallium, is used in semiconductors. 4. Microphone, Speakers, Vibration Unit Nickel is used in the microphone diaphragm Alloys containing rare earths neodymium, praseodymium and gadolinium are used in the magnets contained in the speaker and microphone. Neodymium, terbium and dysprosium are also used in the vibration unit. 5. Casing 6. Battery Source : https://www.visualcapitalist.com/visualizing-the-critical-metals-in-a-smartphone/

Corporate at ZVENIA 12/01/2024

Delay Analysis in Construction Contracts (291 pages)

Construction delay claims are a common occurrence in projects. When they arise, they need to be evaluated quickly and managed efficiently. However, the whole topic of delay and the various analytical techniques available is one that provokes much debate and con troversy due to the seemingly complex and sometimes conflicting guidance provided on these techniques. The purpose of this book is to serve as a practical guide to the pro cess of delay evaluation and includes an in-depth review of the primary delay analysis methodologies available. Credits: Willey Blackwell / P.J.Keane & A.F. Caletra Mitesh Bhatt, LinkedIn

Corporate at ZVENIA 15/01/2024

Gestión del cierre de minas (73 pages)

Gestión del cierre de minas en el Perú Estudio técnico-legal sobre el alcance de la legislación peruana en el cierre de operaciones mineras. Se espera que el presente estudio constituya una herramienta para brindar al lector una idea general de la gestión del cierre de minas en el Perú y su repercusión en la gestión minera ambiental, con el fin de que le sirva de referencia en la toma de decisiones en cualquiera de los ámbitos donde se desenvuelva. Credits: Carla Rodríguez, Dolfer Julca Estudio realizado por la CEPAL en conjunto con BGR y la Cooperación Alemana en el año 2020.

Corporate at ZVENIA 11/10/2023

Handbook for Formulas. Every Finance Formula you'll ever need

Economic and Investing Principles Cheat Sheet Every Finance Formula you'll ever need in 1 PDF: 🎯Time Value of Money 🎯 Discounted Cash Flow 🎯Profitability Concepts 🎯Common Probability Distributions 🎯Sampling and Estimation 🎯Technical Analysis 🎯Demand and Supply Analysis 🎯Aggregate Output, Prices and Economic Growth 🎯Understand Business Cycles 🎯Currency Exchange Rates 🎯Financial Statement Analysis 🎯Understanding Cash Flow Statements 🎯Financial Analysis Techniques 🎯Inventories 🎯Long Lived Assets 🎯Income Taxes 🎯Capital Budgeting 🎯Cost of Capital 🎯Measures of Leverage 🎯Dividends and Share Repurchase Basics 🎯Working Capital Management 🎯Portfolio Risk and Return 🎯Market Organization and Structure 🎯Security Market Indices 🎯Equity Valuation 🎯Fixed Income Valuation 🎯Fixed Income Risk and Return Source: https://www.icicidirect.com/idirectcontent/FinancialEducation/StaticData/ICFLCFABooklet.pdf Chris Quinn, LinkedIn

Corporate at ZVENIA 13/10/2023

Workplace injuries

Warning: Sci-fi video with very realistic footages. This video contains very real depictions of potential workplace injuries. There are examples of non-compliance with basic safety rules and the consequences that can occur. You can share this with your team so they understand the importance of safety. Source: LifeLeak (unknown)

Corporate at ZVENIA 10/10/2023

En 2040, cette imprimante 3D permettra de construire des maisons sur la Lune

La NASA a le projet de construire sur la Lune des maisons imprimées en 3D via du béton lunaire conçu à partir d'éclats de roche, de fragments minéraux et de poussière qui se trouvent sur la couche supérieure de la surface de la lune Alors que la Nasa vient de lancer un appel d’offres pour la conception d’un congélateur lunaire, d’autres grands projets sont en cours pour les décennies à venir, et le New York Times s’est intéressé aux habitations prévues pour… 2040. Le grand quotidien américain a interrogé sept scientifiques de la NASA sur le projet de maisons construites avec une imprimante 3D sur la Lune ! Le plan prévoit en effet l’envoi d’une imprimante 3D. Une fois sur place, les astronautes « maçons » utiliseront du béton lunaire constitué d’éclats de roches, de fragments de minéraux et de poussières que l’on trouve sur la couche supérieure de la surface de la lune. Un kilo de matériau envoyé sur la Lune, c’est un million de dollars ! Mais pourquoi utiliser la matière sur place plutôt que de ramener les matériaux à chaque mission ? « Voyager léger est essentiel » rappelle le docteur Patrick Suermann, doyen de l’école d’architecture de la Texas A&M University, qui travaille en étroite collaboration avec la NASA pour développer un système de construction robotisé dans l’espace. Selon lui, chaque kilo supplémentaire transporté par une fusée vers la Lune coûte environ un million de dollars ! « Il n’y a pas de Home Depot (magasin de bricolage) là-haut. Il faut donc soit savoir utiliser ce qui existe, soit envoyer tout ce dont on a besoin » poursuit-il. Sur Terre, l’imprimante 3D construit une maison en 48 heures Le choix s’est donc porté sur ICON, une entreprise de construction basée à Austin, au Texas. Elle utilise déjà des imprimantes 3D pour créer des maisons, dont certaines sont conçus pour résister aux ouragans au Mexique ! L’imprimante peut construire des maisons en 48 heures seulement… Avec ce partenaire, la NASA travaille actuellement à la mise au point d’une simulation du béton lunaire capable de résister à des températures allant jusqu’à 1900 degrés ! Des tests seront effectués sur Terre et dans son Marshall Space Flight Center, situé dans l’Alabama, la Nasa dispose d’une douzaine de chambres d’essai qui soumettent les objets aux mêmes conditions de rayonnement et de vide thermique qu’ils supporteraient hors Terre. En février 2024, ce sera au tour de l’imprimante d’ICON d’y être testé. Source: Science et vie, PUBLIÉ LE 08 OCT 2023 https://www.science-et-vie.com/ciel-et-espace/nasa-imprimante-3d-maison-lune-115097.html

Corporate at ZVENIA 03/01/2024

Drilling note book

1- DAILY CHECKLIST 2- DRILLING PROBLEMS 3- BOP TEST 4- ACCUMULATOR DRAWDOWN TEST 5- FORMATION TEST 6- EVALUATE TOTAL SERVICE AND CUT-OFF PRACTICE 7- DRILL STRING DESIGN 8- RUNNING CASING 9- INSPECTION CATEGORY 10- CALCULATION 11- TUBULAR DATASHEETS 12-IADC ACTIVITY CODES Source: Manar Chirine KHITER, LinkedIn

Corporate at ZVENIA 09/10/2023

The Ultimate Guide for EPIC One-on-One Meetings (14 pages)

Only 38% have weekly one-on-one meetings. Employees that have regular one-on-ones: - Are 3x more engaged on the job (Source: Gallup) They are the bestinvestment you can make in your employees. I offer 5 tips each for managers and employees. Steal my guide for INCREDIBLE one-on-ones.

Corporate at ZVENIA 05/10/2023

70 Years of Global Uranium Production by Country

Uranium was discovered just over 200 years ago in 1789, and today, it’s among the world’s most important energy minerals. Throughout history, several events have left their imprints on global uranium production, from the invention of nuclear energy to the stockpiling of weapons during the Cold War. The above infographic visualizes over 70 years of uranium production by country using data from the Nuclear Energy Agency. The Pre-nuclear Power Era The first commercial nuclear power plant came online in 1956. Before that, uranium production was mainly dedicated to satisfying military requirements. In the 1940s, most of the world’s uranium came from the Shinkolobwe Mine in the Belgian Congo. During this time, Shinkolobwe and Canada’s Eldorado Mine also supplied uranium for the Manhattan Project and the world’s first atomic bomb. However, the end of World War II marked the beginning of two events that changed the uranium industry—the Cold War and the advent of nuclear energy. Peak Uranium Between 1960 and 1980, global uranium production increased by 53% to reach an all-time high of 69,692 tonnes. Here’s a breakdown of the top uranium producers in 1980: Country 1980 Production (tonnes U) % of Total U.S. 🇺🇸 16,811 24% USSR 15,700 23% Canada 🇨🇦 7,150 10% South Africa 🇿🇦 6,146 9% East Germany 🇩🇪 5,245 8% Niger 🇳🇪 4,120 6% Namibia 🇳🇦 4,042 6% France 🇫🇷 2,634 4% Czechoslovakia 🇨🇿 2,482 4% Australia 🇦🇺 1,561 2% Other 🌎 3,801 5% Total 69,692 100% Several factors drove this rise in production, including the heat of the Cold War and the rising demand for nuclear power. For example, the U.S. had 5,543 nuclear warheads in 1957. 10 years later, it had over 31,000, and the USSR eventually surpassed this with a peak stockpile of around 40,000 warheads by 1986. Additionally, the increasing number of reactors worldwide also propelled uranium production to new highs. In 1960, 15 reactors were operating globally. By 1980, this number increased to 245. What’s more, after the Oil Crisis in 1973, nuclear power emerged as a viable alternative to fossil fuels, and the price of uranium tripled between 1973 and 1975. Although the increase in uranium production was less dramatic, high prices made mining more profitable. However, several nuclear accidents in the world such as the Three Mile Island reactor meltdown in the U.S. in 1979 and the Chernobyl disaster in Ukraine in 1986 brought a stop to the rapid growth of nuclear power. Furthermore, following the end of the Cold War, military stockpiles of uranium were used as “secondary supply”, reducing the need for mine production to some extent. As a result, uranium production declined sharply after 1987.

Corporate at ZVENIA 09/10/2023

MICROSOFT EXCEL: ADVANCED (OFFICE OF TECHNOLOGY SERVICES TRAINING)

Harnessing the power of spreadsheets to streamline data, analyze trends, and make informed decisions. Let's connect and discuss how Excel can drive efficiency in your projects! Follow Dr.Vaishali Dixit for more contents..🤗 Credit:Towson University

Corporate at ZVENIA 12/01/2024

Construction site safety handbook (219 pages)

The main purpose of the Handbook is to explain in plain language how to develop safe work practices and to meet the statutory and common contract requirements in undertaking construction works. It is not intended to cover each and every type of workplace scenario, nor to be used as a pictorial guide of do’s and don’ts. The focus is to address the most common – and hence more accident-prone - hazards found in Hong Kong’s worksites. More specifically, the objectives are : ▪ To fill a knowledge gap on some site safety issues ▪ To provide handy reference of best practices for frontline management teams ▪ To offer some site safety management techniques and tools for use. Credits: Real Estate Developers Association of Hong Kong & Hong Kong Construction Association Mitesh Bhatt, LinkedIn

Corporate at ZVENIA 05/10/2023

The Size of the Oil Market vs Top 10 Metal Markets

While the global economy relies on many commodities, none come close to the massive scale of the oil market. Besides being the primary energy source for transportation, oil is a key raw material for numerous other industries like plastics, fertilizers, cosmetics, and medicine. As a result, the global physical oil market is astronomical in size and has a significant economic and geopolitical influence, with a few countries dominating global oil production. The above infographic puts crude oil’s market size into perspective by comparing it to the 10 largest metal markets combined. To calculate market sizes, we used the latest price multiplied by global production in 2022, based on data from TradingEconomics and the United States Geological Survey (USGS). Note: This analysis focuses on raw and physical materials, excluding derivative markets and alloy materials like steel. How Big Is the Oil Market? In 2022, the world produced an average of 80.75 million barrels of oil per day (including condensates). That puts annual crude oil production at around 29.5 billion barrels, with the market size exceeding $2 trillion at current prices. That figure dwarfs the combined size of the 10 largest metal markets: Commodity 2022 Annual Production Market Size Crude Oil 29.5 billion barrels $2.1 trillion Iron Ore 2.6 billion tonnes $283.4 billion Gold 3,100 tonnes $195.9 billion Copper 22 million tonnes $183.3 billion Aluminum 69 million tonnes $152.6 billion Nickel 3.3 million tonnes $68.8 billion Zinc 13 million tonnes $30.9 billion Silver 26,000 tonnes $19.9 billion Molybdenum 250,000 tonnes $12.9 billion Palladium 210 tonnes $9.5 billion Lead 4.5 million tonnes $9.2 billion Based on prices as of June 7, 2023. The combined market size of the top 10 metal markets amounts to $967 billion, less than half that of the oil market. In fact, even if we added all the remaining smaller raw metal markets, the oil market would still be far bigger. This also reflects the massive scale of global oil consumption annually, with the resource having a ubiquitous presence in our daily lives. The Big Picture While the oil market towers over metal markets, it’s important to recognize that this doesn’t downplay the importance of these commodities. Metals form a critical building block of the global economy, playing a key role in infrastructure, energy technologies, and more. Meanwhile, precious metals like gold and silver serve as important stores of value. As the world shifts towards a more sustainable future and away from fossil fuels, it’ll be interesting to see how the markets for oil and other commodities evolve. Source: https://elements.visualcapitalist.com/sizing-up-the-o

Corporate at ZVENIA 05/10/2023

Visualizing 50 Years of Global Steel Production

The Rise of the Steel Age From the bronze age to the iron age, metals have defined eras of human history. If our current era had to be defined similarly, it would undoubtedly be known as the steel age. Steel is the foundation of our buildings, vehicles, and industries, with its rates of production and consumption often seen as markers for a nation’s development. Today, it is the world’s most commonly used metal and most recycled material, with 1,864 million metric tons of crude steel produced in 2020. This infographic uses data from the World Steel Association to visualize 50 years of crude steel production, showcasing our world’s unrelenting creation of this essential material. The State of Steel Production Global steel production has more than tripled over the past 50 years, despite nations like the U.S. and Russia scaling down their domestic production and relying more on imports. Meanwhile, China and India have consistently grown their production to become the top two steel producing nations. Below are the world’s current top crude steel producing nations by 2020 production. Rank Country Steel Production (2020, Mt) #1 🇨🇳 China 1,053.0 #2 🇮🇳 India 99.6 #3 🇯🇵 Japan 83.2 #4 🇷🇺 Russia* 73.4 #5 🇺🇸 United States 72.7 #6 🇰🇷 South Korea 67.1 #7 🇹🇷 Turkey 35.8 #8 🇩🇪 Germany 35.7 #9 🇧🇷 Brazil 31.0 #10 🇮🇷 Iran* 29.0 Source: World Steel Association. *Estimates. Despite its current dominance, China could be preparing to scale back domestic steel production to curb overproduction risks and ensure it can reach carbon neutrality by 2060. As iron ore and steel prices have skyrocketed in the last year, U.S. demand could soon lessen depending on the Biden administration’s actions. A potential infrastructure bill would bring investment into America’s steel mills to build supply for the future, and any walkbalk on the Trump administration’s 2018 tariffs on imported steel could further soften supply constraints. Steel’s Secret: Infinite Recyclability Made up primarily of iron ore, steel is an alloy which also contains less than 2% carbon and 1% manganese and other trace elements. While the defining difference might seem small, steel can be 1,000x stronger than iron. However, steel’s true strength lies in its infinite recyclability with no loss of quality. No matter the grade or application, steel can always be recycled, with new steel products containing 30% recycled steel on average. The alloy’s magnetic properties make it easy to recover from waste streams, and nearly 100% of the steel industry’s co-products can be used in other manufacturing or electricity generation. Source: https://elements.visualcapitalist.com/50-years-of-global-steel

Corporate at ZVENIA 11/01/2024

CONCRETE TECHNOLOGY (120 pages)

Corporate at ZVENIA 03/11/2023

Drilling problems

1- Down hole problems A- stuck pipe: When the drill string is no longer free to move up, down, or rotate as the driller wants it to, the drill pipe is stuck. Sticking can occur while drilling, making a connection, logging, testing, or during any kind of operation which involves leaving the equipment in the hole. B- Shale Instability 3- Unconsolidated Formation 4-Fractured Formation 5- Cement Blocks B- LOST CIRCULATION C- WELL CONTROL Source: Manar Chirine KHITER, LinkedIn Herish .w. noree , Kirkuk oil training institute

Corporate at ZVENIA 16/10/2023

An Introduction to Statistical Learning (612 pages)

Comentario de Rosana Ferrero, PhD: 📚 Uno de mis libros favoritos, excelente para aquellos que buscan una introducción al #DataScience y #MachineLearning 👉 Aprende conceptos de manera clara y concisa, con ejemplos increíbles

Corporate at ZVENIA 08/01/2024

MANUAL SOBRE RIESGO ELÉCTRICO EN OBRAS DE CONSTRUCCIÓN (141 pages)

En la actualidad las aplicaciones de la energía eléctrica siguen aumentando y el sector de la construcción acompaña a ese aumento. Desde maquinaria pesada que funciona con energía eléctrica como el caso de las grandes excavadoras que se emplean en minas, hasta excavadoras mini que se emplean en construcción que ya funcionan con baterías recargables o con suministro exterior de generadores eléctricos, pasando por las clásicas grúas torre y, sobre todo, la mayor parte de las herramientas portátiles que son necesarias para la ejecución de las obras. Llegado a este punto, no hay que olvidarse de los riesgos eléctricos que se presentan en las distintas actividades que realizan los trabajadores de la construcción. Si se examinan los datos de las estadísticas de accidentes de trabajo durante el año 2017 en el sector de la construcción, los accidentes por contactos directos o indirectos con la electricidad durante la jornada de trabajo, se aprecia que: - 0,3 % son accidentes leves. - 1,8 % son accidentes graves o muy graves. - 3 % son accidentes mortales. Este último resultado refleja que los trabajos con riesgos eléctricos tienen consecuencias muy graves que hacen necesario tomar las medidas preventivas necesarias para eliminar o minimizar el riesgo por contactos directos o indirectos con la electricidad Source: Fundación Laboral de la Construcción, gobierno de Espana

Corporate at ZVENIA 27/10/2023

Learning from investigations: Worker injured by pin ejecting under pressure

On 9 July 2019, a boilermaker at Ravensworth open cut mine was lancing a rear suspension link pin of a Caterpillar haul truck after it had become seized during the removal process. After quenching the pin with water, steam rapidly formed and ejected the pin under pressure. The pin, weighing 46.7kg, was propelled at the boilermaker, hitting him in his left hip and knocking him over. The boilermaker suffered a stress fracture and bruising to his left hip, a greenstick fracture to his left thumb and minor facial and eye injuries from the slag spray. Source: NSW Resources Regulator

Corporate at ZVENIA 12/11/2023

Learn How to Forecast Headcount (by Nicolas Boucher) - 34 pages

Content: 1/ Why you need to forecast your headcount spend 2/ How to Forecast your headcount spend 3/ How to Calculate Projected Spend 4/ Putting it all together ⭐️ 1/ Why you need to forecast your headcount spend Your headcount spend will often account for 50-80% of your cash burn each month. A good forecast can help determine what is the breakeven point for the company to cover the structure costs. It helps know the volume it needs to reach to be profitable. Your headcount spend can also be one of the most challenging costs to reduce, with a number of challenges ensuing from lay offs. Foremost define your needs for the next 12 to 24 months depending on your backlog and sales projections. ⭐️ 2/ How to Forecast your headcount spend? Start by collecting information on your existing hires from your payroll platform, and entering it into a spreadsheet. Next, begin adding your projected hires one by one. For a long range forecast (12 months or more into the future), add roles in bulk. If you have department heads, check with them on their upcoming hiring plan. Consolidate and review the consistency of all headcount with the management team. ⭐️ 3/ How to Calculate Projected Headcount Spend 3.1/ The Simple Method Determine the departments with direct FTE depending on the business volume. Apply the business growth ratio to the direct FTE to calculate the additional headcount. Use one salary increase rate across the board to calculate the salary costs of next year. Your salary costs of next year should be: Number of FTE next year x Average Salary pro FTE current year x (1+Salary increase) 3.2/ The Detailed Method Prorate the salary for any hires who joined this month, or were terminated. Full time employees have a number of other incidental costs. -Employer Payroll taxes Around 8-10% of salary -Health Benefits Around 8-10% of salary, or a fixed $ amount per employee -Payroll processing fees Around 25% of salary, or a fixed $ amount per employee Other payroll costs to consider: -Bonuses Commissions (could be monthly, quarterly or annually) -Recruiting fees (often times a % of first year salary) -Training costs -Additional structure costs (place, energy, equipment, could be marginal if the structure is already big, but for smaller team, this is an impact to consider) ⭐️ 4/ Putting it all together Slice and dice your data on a departmental basis, and by each cost type. Use Graphs to understand costs & hires by department, and across multiple periods. Use ratio like FTE increase vs sales increase. Source: Nicolas Boucher Nicolas Boucher Online

Corporate at ZVENIA 15/10/2023

Career Development Guide (18 pages)

We may sometimes become indecisive, confused, or stuck in our careers. And it is okay to feel that way. As long as we reflect and intentionally try to find answers, get clarity, and develop an actionable plan. Today, I'm sharing an easy-to-follow guide to help you achieve that. Answer the questions I have provided, and I hope you will have a starting point to build on it further. Please let me know in the comments if you have decided the course of action you would like to take. Here's what you will find inside the guide: ✅ Three most common questions I get. ✅ My most common response ✅ What happens when they can't find answers? ✅ Three steps to career exploration ✅ Five things to keep in mind ✅ 13 questions to help you get clarity ✅ Three most important questions Source : Abdul Khaliq, LinkedIn

Corporate at ZVENIA 25/11/2023

The Engineer’s Manual of Construction Site Planning (183 pages)

This handbook addresses problems facing the engineer when preparing to build, both during the contract bidding phase and after a contract has been concluded. It offers clear guidelines for planning the resources and machinery on site, as well as the safe positioning of roads, cranes, storage and temporary buildings. Site planning activities are presented here in logical sequence, offering an efficient and safe design of the construction site and of the temporary works. The book describes the process of engineering preparation of on-site construction works in all phases of the construction life-cycle, from the design phase - preparing the financial plan and procurement scheme for the owner before tendering the contract; the tendering phase; and after bid completion. A list of procedures is presented for planning the construction site in order to simplify the engineer's work of site and temporary works planning. The Engineer's Manual of Construction Site Planning is for all those involved in the planning of construction sites, construction managers, construction engineers and quantity surveyors, as well as for students in civil engineering and construction. Source: LinkedIn

Corporate at ZVENIA 13/10/2023

Signs of a Market Top & Bottom

TOP SIGNS 📉 1. Large Number of IPO 2. Rapidly Rising Prices 3. High Merger & Acquisition Activity 4. Easy Availability of Credit 5. Optimistic Covers of Newspapers & Magazines 6. Higher Than Average Trading Volumes 7. Historically High Valuation Multiples 8. Art & Luxury Markets Booming 9. Financial Media Viewership Soars 10. "This Time is Different" Declared 11. Amateur Investors Move To Equities Asset Class 12. Speculative Assets Prices Spike 13. Record Venture Capital Funding BOTTOM SIGNS 📈 1. No Mergers and Acquisitions 2. No IPOs 3. Low Venture Capital Funding 4. Historically Low Price/E & EV/EBITDA Multiples 5. Many Companies Trading Below Book Value 6. Speculate Asset Prices Down Huge 7. Central Banks Easing for 6+ Months 8. Recession Officially Declared 9. Previously Favorite Sectors are Hated 10. Credit Only Available to High-Quality Borrowers 11. Amateur Investors are Filled with Caution 12. Negative Covers of Newspapers and Magazines 13. Negative and Depressed Consumer Sentiment Do you see more top or bottom signs right now? Source : Brian Feroldi, LinkedIn

Corporate at ZVENIA 04/01/2024

Incoterms

It is good to remember this.... The Incoterms or "International Commercial Terms" that helps to clarify responsibilities between the seller and the buyer when negotiating the purchase of goods, considering the different import and export regulations of the origin/destination countries. Ah... how nice is to remember some of what I have learned and what I am passionate about in my career. EXW (Ex Works): Seller makes the goods available at their own premises. Buyer handles all costs and risks from there onwards. FCA (Free Carrier): Seller delivers goods to the carrier nominated by the buyer at a named location. Buyer assumes responsibility from that point. FOB (Free On Board): Similar to FCA, but seller loads the goods onto the buyer's designated vessel at a named port. CFR (Cost and Freight): Seller pays for transporting the goods to the named port of destination, but Buyer bears the risks and any additional costs from there. CIF (Cost, Insurance, and Freight): Similar to CFR, but Seller also pays for minimum insurance against loss or damage during the carriage. DAT (Delivered at Terminal): Seller delivers goods to a named terminal at the destination. Buyer handles unloading and any further costs. DAP (Delivered at Place): Seller delivers goods to a named place (not necessarily a terminal) at the destination. Buyer handles unloading and any further costs. DDP (Delivered Duty Paid): Seller delivers goods to the named place in the destination country, covering all customs clearance and import duties. Source: Camilo Alfonso Garzón López, LinkedIn

Corporate at ZVENIA 12/01/2024

Leading a demotivated team? Turn the tables!

Here's how the most successful leaders are motivating their teams: In the book "Drive," Daniel H. Pink talks about 3 levels of motivation: 🌟 Motivation 1.0: Basic survival instincts. 🌟 Motivation 2.0: Reward-and-punishment driven, effective for routine, algorithmic tasks. 🌟 Motivation 3.0: Intrinsically motivated behavior that’s self-directed and driven by deeper psychological needs. Here’s how you can implement Motivation 3.0 and transform your workplace: 1. Autonomy → Give them a voice in their work and decisions. → Flex hours and remote options aren’t perks; they’re necessities. → Fuel passion projects. Watch innovation soar! 2. Mastery → Invest in professional development. → Challenge your team but provide support. → Constructive feedback isn’t criticism. It’s a growth tool. 3. Purpose → Show how each role contributes to the grand vision. → Align work with meaningful values. → Social impact projects aren’t just good PR; they give work a heart. 4. Recognition → Applaud successes, big and small. → Personalized appreciation speaks louder than bonuses. → Non-monetary rewards? They’re surprisingly powerful. 5. Environment → Collaboration, respect, and inclusivity aren’t optional. → Safety and balance are the bedrock of productivity. → Open dialogue fuels innovation and trust. 6. Continuous Improvement → Your employees’ ideas are gold mines. Dig in! → Encourage creativity; break the mold. → Change is not a threat; it’s an opportunity. Cradits: Wouter Durville, LinkedIn

Corporate at ZVENIA 11/01/2024

Lean Management: Principles, Tools, and Techniques (33 pages)

Five Fundamental Principles Of Lean (James Womack & Daniel Jones, Lean Thinking): I. Specify value: Value is defined by customer in terms of specific products & services II. Identify the value stream: Map out all end-to-end linked actions, processes and functions necessary for transforming inputs to outputs to identify and eliminate waste III. Make value flow continuously: Having eliminated waste, make remaining value-creating steps flow IV. Let customers pull value: Customer pull cascades all the way back to the lowest level supplier, enabling just-in-time production V. Pursue perfection: Pursue continuous process of improvement striving for perfection Credit to: James P. Womack/Daniel T. Jones/TQMforbetterfuture Mitesh Bhatt, LinkedIn

Corporate at ZVENIA 15/10/2023

Team building delivers 10 proven benefits (not joking)

Companies with high-performing teams are 40% more likely to invest in team-building activities. Why? Because they get these results: 1. Improved communication 2. Increased collaboration 3. Boosted productivity 4. Reduced turnover 5. Higher morale 6. Enhanced creativity 7. Stronger relationships 8. Increased engagement 9. Improved decision-making 10. Better problem-solving skills ➡️ The Ultimate Cheat Sheet on Team Building Managers, take note... I've included a great tool: the Drexler/Sibbet Model. It walks you through the steps to: • Create a team • Build their trust • Clarify your goals • Secure commitment • Implement your plans • Attain high performance • Decide what you'll do next Need activity ideas? I've got 11 for you. And they work for any team, anywhere. They'll help your team learn to work better together. Don't leave your team's success to chance. Those 10 benefits of team building? They're not just a wish list. They're achievable. Transform your team from good to great. Because a great team isn't a maybe. It's a must. Source: Justin Wrigh, LinkedIn

Corporate at ZVENIA 22/10/2023

Cost Estimating Guidance

A best practice approach for infrastructure projects and programmes Central to project discipline is the use of expert, evidence-based cost estimates. Establishing an early and accurate cost estimate is a key factor in selecting the right projects and delivering them on time and on budget. However, a cost estimate is not a single figure that is determined at the start of a project and fixed from therein. The cost estimate evolves over time as the project matures and is inherently linked to the development of the project scope and schedule. The cost estimate should be presented as a range to account for the level of risk and uncertainty inherent in the project and this range should decrease as the project develops. At the heart of developing a robust cost estimate of the three ‘P’s: - Principles - of cost estimating to get the basics right and address common pitfalls - People - roles, skills and behaviours needed to deliver, assure and own the cost estimate - Performance - steps for improving the quality and consistency of cost estimates and surrounding processes This document sets out, for the first time, a best practice approach to cost estimating which should be used by all major infrastructure projects and programmes in the UK. This guidance document is for all project delivery team members including Senior Responsible Owners and Project Directors. Nothing less than world class delivery will do and this document is another step towards that vision, helping those involved in project delivery to thrive and deliver projects and programmes to the benefit of all the citizens in the United Kingdom. Nick Smallwood Chief Executive, Infrastructure and Projects Authority Source: https://assets.publishing.service.gov.uk/media/6050c9528fa8f55d324b0c84/IPA_Cost_Estimating_Guidance.pdf

Corporate at ZVENIA 29/10/2023

PERC Reporting Standard 2021 (106 pages)

The Pan European Reserves and Resources Reporting Committee (PERC) Standard for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (further referred to as the 'PERC Reporting Standard') sets out the minimum standards, additional guidelines and recommendations for the Public Reporting of Exploration Results (including Exploration Targets), Mineral Resources and Mineral Reserves. Improved corporate governance and stock exchange regulation demand best practices in Mineral Resource Management and Public Reporting Standards. The PERC Reporting Standard is aligned with the CRIRSCO International Reporting Template for the Public Reporting of Exploration Targets, Exploration Results, Mineral Resources and Mineral Reserves, November 2019 (the ’CRIRSCO International Reporting Template 2019') developed by the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). To promote the consistency and best practice in minerals reporting in Europe, all of the PERC participating organisations, namely: the Institute of Materials, Minerals, and Mining (IOM3); the Institute of Geologists of Ireland (IGI); the Geological Society of London (GSL); the Fennoscandian Association for Metals and Minerals Professionals (FAMMP); the European Federation of Geologists (EFG); and the Iberian Mining Engineers Board (IMEB) promote the use of the PERC Reporting Standard. Members of these organisations who are involved in preparing information to support Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves must use the definitions, principles and guidance defined in the PERC Reporting Standard, regardless of whether or not they are acting as a Competent Person. In several cases, the use of the PERC Reporting Standard has been adopted as a specific requirement of the professional organisation’s code of conduct.

Corporate at ZVENIA 13/11/2023

Income Statement - Revenue to Net Profit Movement

Cause of Change What causes the change from the revenue to EBITDA to Net Profit? Observing the movement on the chart below will help you understand the cause of change. Below are the explanations and calculations for each step depicted on the chart: Revenue • Revenue, also known as sales or turnover, is the total amount of money a company generates from its primary business activities. COGS • COGS refers to the direct costs associated with producing or manufacturing the goods or services that a company sells. Gross Profit • Gross Profit is the amount of money a company has left after subtracting the direct costs of producing its goods or services (COGS) from its total revenue. • GP = Revenue – GOGS OPEX • OPEX are a company’s ongoing costs to operate its business. Include items such as rent, utilities, salaries, and marketing expenses. Other Income • Other Income refers to revenue generated by a company that is not directly related to its core business operations. This can include income from investments, interest, or other sources outside the company's primary activities. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) • EBITDA is a measure of a company's operating performance. It excludes interest, taxes, and non-cash expenses like depreciation and amortization. • EBITDA = GP – OPEX + Other Income EBIT (Earnings Before Interest & Taxes) • Depreciation and amortization are non-cash expenses that represent the allocation of the cost of tangible and intangible assets over time. • EBIT = EBITDA – Depreciation EBT (Earnings Before Taxes) • Interest expenses represent the cost of borrowed funds. Subtract interest from the Adjusted EBITDA. • EBT = EBIT – Interest Expense Net Profit • Subtract taxes from Earnings Before Taxes to arrive at Net Profit. • Net Profit = Earnings Before Taxes - Taxes Fuente: Abdul Khaliq, LinkedIn

Corporate at ZVENIA 05/10/2023

Charting 200 Years of the Gold-to-Silver Ratio

Gold and silver have been precious and monetary metals for millennia, with the gold-to-silver ratio having been measured since the days of Ancient Rome. Historically, the ratio between gold and silver played an important role in ensuring coins had their appropriate value, and it remains an important technical metric for metals investors today. This graphic charts 200 years of the gold-to-silver ratio, plotting the pivotal historical events that have shaped its peaks and valleys. What is the Gold-to-Silver Ratio? The gold-to-silver ratio represents the amount of silver ounces equivalent to a single ounce of gold, enabling us to see if one of the two precious metals is particularly under or overvalued. Currently, the ratio sits at about 80 ounces of silver equivalent to one ounce of gold. This is after the ratio spiked to new highs of 123.3 during the COVID-19 pandemic. While gold is primarily viewed as an inflation and recession hedge, silver is also an industrial metal and asset. The ratio between the two can reveal whether industrial metals demand is on the rise or if an economic slowdown or recession may be looming. The History of the Gold-to-Silver Ratio Long before the gold-to-silver ratio was allowed to float freely, the ratio between these two metals was fixed by empires and governments to control the value of their currency and coinage. The earliest recorded instance of the gold-to-silver ratio dates back to 3200 BCE, when Menes, the first king of Ancient Egypt set a ratio of 2.5:1. Since then, the ratio has only seen gold’s value rise as empires and governments became more familiar with the scarcity and difficulty of production for the two metals. Gold and Silver’s Ancient Beginnings Ancient Rome was one of the earliest ancient civilizations to set a gold-to-silver ratio, starting as low as 8:1 in 210 BCE. Over the decades, varying gold and silver inflows from Rome’s conquests caused the ratio to fluctuate between 8-12 ounces of silver for every ounce of gold. By 46 BCE, Julius Caesar had established a standard gold-to-silver ratio of 11.5:1, shortly before it was bumped to 11.75:1 under emperor Augustus. As centuries progressed, ratios around the world fluctuated between 6-12 ounces of silver for every ounce of gold, with many Middle Eastern and Asian empires and nations often valuing silver more highly than Western counterparts, thus having a lower ratio. Source: https://elements.visualcapitalist.com/charting-the-gold-to-silver-ratio-over-200-years/

Corporate at ZVENIA 08/01/2024

Designing surface mining blasts (27 pages)

⭐Designing surface mining blasts involves a thorough understanding of the geological, geotechnical, and environmental factors. ⭕Geological Assessment: ◽Identify rock types, their hardness, and structural features. ◽Consider the presence of any natural fractures, faults, or weaknesses. ⭕Blasthole Design: ◽ Determine the optimal drill hole pattern and spacing. ◽ Drill hole diameter and depth should match the rock characteristics and desired fragmentation. ◽ Ensure proper burden (distance between blastholes) and spacing ratios. ⭕Explosive Selection: ◽ Choose explosives based on rock type, density, and desired fragmentation. ◽ Consider environmental impact and regulatory compliance. ⭕Initiation System: ◽Select an initiation system that ensures proper sequencing and timing of explosions. ◽Electronic initiation systems allow precise control over blast timing. ⭕Blast Design Software: ◽ Utilize specialized software for blast design to simulate and optimize blast outcomes. ◽Consideration of vibration, air blast, and flyrock limits is crucial. ⭕Vibration Control: ◽Monitor and control ground vibration to prevent damage to nearby structures. ◽Adjust blast parameters to minimize vibration levels. ⭕Flyrock Mitigation: ◽ Implement measures to control and minimize flyrock, which can pose safety hazards. ◽Use blast mats or berms to contain and redirect flyrock. ⭕Air Blast Control: ◽ Control air blast levels to prevent damage to structures and ensure compliance with regulations. ◽Adjust blast parameters and distances accordingly. ⭕Safety Measures: ◽ Implement strict safety protocols for personnel involved in the blasting process. ◽ Ensure a secure blast area, and use warning systems to alert workers. ⭕Environmental Impact: ◽ Minimize dust generation through water spraying or other dust suppression methods. ◽ Comply with environmental regulations and consider the impact on air and water quality. ⭕Monitoring and Evaluation: ◽Continuously monitor and evaluate blast performance. ◽Adjust future blasts based on lessons learned and changes in geological conditions. Source: Karim El-behairy, LinkedIn

Source: Credits to Karim El-behairy

Corporate at ZVENIA 31/07/2023

3D REALISTIC BLAST SIMULATION SURFACE

TBT introduced at the ISEE in Denver 2020 conference the first full 3D realistic blast simulation. A major step in blast simulation that allows everyone to predict the outcome of a blast (mouvement, fragmentation, vibration, dilution and overbreak) with few minutes of computation. The video shows the vibrations of the blast shaking the pit while the blast mouvement happened. Color coding of the small blocks shows fragmentation or dilution. Available to anyone who doesn't want to be surprised when pressing the trigger... Source: I-Blast software - ISEE - Thierry Bernard, YouTube

Mining will need to expand. Scaling supply rapidly enough to meet demand growth between now and 2030 will be challenging for some metals, in particular lithium, copper, nickel, cobalt, graphite and neodymium; but actions can be taken by governments and companies which would prevent any serious constraint on the pace of the energy transition. Source: www.energy-transitions.org/publications/material-and-resource-energy-transition/#download-form

Corporate at ZVENIA 30/07/2023

Rebuilding of the mine access road.

Watch the rebuilding of the mine access road, in this time-lapse video. Months ahead of schedule, Rio Tinto Kennecott reopened its main 'highway,' called the mine access road, within the Bingham Canyon Mine. Its width is greater than the 12 lanes of I-15, and it winds nearly three quarters of a mile within the mine joining the top to the bottom. Destroyed in the 165-million-ton April landslide, its restoration was a priority for everyone at Kennecott. Source: Rio Tinto Kennecott, YouTube

Corporate at ZVENIA 31/07/2023

Extreme Close-ups of Blasts

What blasting looks like up close ? A selection of our four favorite close-up blast videos from the last year - which one is your favorite? Note: "Favorite" does not necessarily mean that it was a good blast and rather refers to the "visual appeal". But be careful of judging blast quality too quickly. The perspective of close-up filming distorts your perception by heaps. Source: ERG Industrial, YouTube

En este capítulo se describen los conceptos básicos que se deben considerar con objeto de estudiar los fundamentos de la economía minera. En particular, se sitúa a esta disciplina como parte de la economía de los recursos naturales, donde se encuentra relacionada con la economía de minerales (aunque el objeto de estudio no es idéntico), esta última más tradicional y reconocida. Se describen las principales diferencias entre ambas disciplinas, para luego reforzar la cadena de valor del proceso minero, introducir la terminología principal de las áreas afines, así como detallar la importancia de la heterogeneidad y distribución espacial de los commodities minerales en los yacimientos y su rol en el estudio de la economía minera. Source: https://drive.google.com/file/d/1TYcOxkDOyJkBIKqyKTiPA1NQ5JXxlQDW/view?pli=1

Corporate at ZVENIA 15/08/2023

Variable Costs VS Fixed Cost! (by Bojan Radojicic)

Understanding the distinction between variable and fixed costs is crucial for cost analysis, budgeting, pricing decisions, and overall financial planning within a business. Source: Bojan Radojicic, LinkedIn www.robojan.gumroad.com/l/CFmodeling

Corporate at ZVENIA 15/08/2023

Porqué debe importarte qué es la inflación si estas en Procurement, Abastecimiento y Compras; y qué puedes hacer para mitigar sus efectos (by Penélope Rojas)

✅ La inflación es la tasa a la que aumentan los precios de los bienes y servicios en una economía. Se refiere a la disminución del poder adquisitivo de una determinada moneda. ▶ La inflación ocurre en todos los sectores, desde la vivienda y los alimentos hasta la atención médica, el transporte, etc. Pero la inflación que estamos discutiendo aquí ocurre cuando afecta los bienes y servicios en todas las industrias. ▶ Crear transparencia para el riesgo y la priorización es clave para un programa efectivo de protección contra la inflación. Los departamentos de Compras y Procura deben dar este primer paso para comprender las posibles vulnerabilidades. ⚠ Deben enfocar las acciones en las categorías que impulsan el mayor riesgo de inflación para la empresa, categorías con gasto significativo en las que: ✳ Los precios están vinculados a los índices de materias primas ✳ Los productos tienen un alto valor comercial y/o es probable que enfrenten solicitudes de aumentos de precios por parte de los proveedores en el corto plazo ✳ Los aumentos de precios no se pueden traspasar fácilmente a los clientes ✳ Una vez que se han identificado las categorías prioritarias, las organizaciones de adquisiciones pueden tomar decisiones informadas y específicas sobre qué estrategias implementar en las categorías de enfoque ✴ Las estrategias para protegerse contra la inflación se dividen en tres áreas: ✔ Gestión de Contratos Si bien la transparencia de los contratos es clave para construir un plan sólido, el enfoque de la contratación también es un método de mitigación en sí mismo. ✔ Estrategia de abastecimiento y colaboración de proveedores Las formulaciones y especificaciones de los productos se pueden ajustar para tener en cuenta las diferencias esperadas en los precios de los insumos. La colaboración con los proveedores puede revelar oportunidades para reducir costos y compensar aumentos mutuamente. ✔ Coberturas financieras La compra de contratos que fijan o limitan el precio de una materia prima, si existen mercados líquidos (futuros, forwards, opciones), también puede ser eficaz. Esta estrategia debe usarse cuando otras formas de cobertura no sean posibles dado el costo asociado Cuál aplicar depende del contexto específico del negocio y de la relación con el proveedor. Algunos también tienen un costo y, por lo tanto, deben considerarse cuidadosamente Source: Penélope Rojas, LinkedIn www.visualcapitalist.com/mapped-2023-inflation-forecasts-by-country/ Advisor Channel

Corporate at ZVENIA 05/10/2023

Lithium Production by Country (1995-2021)

Lithium is often dubbed as “white gold” for electric vehicles. The lightweight metal plays a key role in the cathodes of all types of lithium-ion batteries that power EVs. Accordingly, the recent rise in EV adoption has sent lithium production to new highs. The above infographic charts more than 25 years of lithium production by country from 1995 to 2021, based on data from BP’s Statistical Review of World Energy. The Largest Lithium Producers Over Time In the 1990s, the U.S. was the largest producer of lithium, in stark contrast to the present. In fact, the U.S. accounted for over one-third of global lithium production in 1995. From then onwards until 2010, Chile took over as the biggest producer with a production boom in the Salar de Atacama, one of the world’s richest lithium brine deposits. Global lithium production surpassed 100,000 tonnes for the first time in 2021, quadrupling from 2010. What’s more, roughly 90% of it came from just three countries. Rank Country 2021 Production (tonnes) % of Total #1 Australia 🇦🇺 55,416 52% #2 Chile 🇨🇱 26,000 25% #3 China 🇨🇳 14,000 13% #4 Argentina 🇦🇷 5,967 6% #5 Brazil 🇧🇷 1,500 1% #6 Zimbabwe 🇿🇼 1,200 1% #7 Portugal 🇵🇹 900 1% #8 United States 🇺🇸 900 1% Rest of World 🌍 102 0.1% Total 105,984 100% Australia alone produces 52% of the world’s lithium. Unlike Chile, where lithium is extracted from brines, Australian lithium comes from hard-rock mines for the mineral spodumene. China, the third-largest producer, has a strong foothold in the lithium supply chain. Alongside developing domestic mines, Chinese companies have acquired around $5.6 billion worth of lithium assets in countries like Chile, Canada, and Australia over the last decade. It also hosts 60% of the world’s lithium refining capacity for batteries. Batteries have been one of the primary drivers of the exponential increase in lithium production. But how much lithium do batteries use, and how much goes into other uses? Source. https://elements.visualcapitalist.com/25-years-of-lithium-production-by-country/

Corporate at ZVENIA 06/08/2023

Over 50% of Maintenance managers have rated their team as highly effective and just over 47% rated their strategy as highly effective. A strong maintenance team is led by a strong Maintenance Manager, which can be a very rewarding job, but it can also come with huge challenges and pressures around effective management of costs, time, safety, efficiencies, and much more. While big picture strategy planning is essential to operations, it is also important to adopt practices into your daily habits to ensure your team feel motivated and supported, allowing them to perform as best they can. Here are some tips; - Ensure your morning meets and planning meetings are as efficient as possible - Understand your unplanned breakdowns and set plans in motion to review the maintenance and failure history with your team with a view on how to improve the maintenance routines and reduce future failures - Be supportive to everyone in the team, be aware of their individual workloads and make each person feel they are important and that their input is appreciated Source: Addenergy https://maincontract.nl/wp-content/uploads/2022/12/The-2022-Maintenance-Management-report.pdf

Source: Credits to Add Energy

Corporate at ZVENIA 16/08/2023

Aitik copper mine

Sweden is becoming one of the EU’s key suppliers of natural resources. And without copper, there’s no high tech, no battery or environmental technology. We joined the driver of a giant truck in one of Europe’s biggest copper mines, the Aitik copper mine. Owner: Boliden Established: 1968 Operating profit: SEK 3,076 m (2022) Average number of employees: 932 (2022) Type of mine: open pit Mine depth: 450 metres Production average grade: Cu 0.17%, Au 0.07 g/tonne (2023) Reserves covering full production until 2047 (2050) ‒ Cu reserve grade 0.23 (0.22) % Mineral resources end of 2022: 1 147 (917) Mtonnes Dam investment 2022-2024 Sources: Lucas Pereira da Silva, LinkedIn DW News, YouTube www.boliden.com/investor-relations/reports-and-presentations/general-presentation

Corporate at ZVENIA 27/09/2023

FUNDAMENTALS OF VARIOGRAPHY (by Gilles FABRE)

Thanks to Gilles FABRE for sharing with us this interesting material. This TECHNOTE describes the fundamental steps of variography, respectively: ▶ Calculation of the experimental variogram ▶ Construction & characteristics of the variogram model ▶ Construction of variogram map & directional variograms Source: Gilles FABRE, LinkedIn

Corporate at ZVENIA 01/10/2023

Determining the Economic Value of Preventive Maintenance

Preventive maintenance has been more popular in principle than in practice over the years. One scarcely can argue with the idea of keeping equipment well maintained to extend its expected life and avoid future repair costs. Less clear is an understanding of the actual relationship between the cost of preventive maintenance and the returns such activities can be expected to deliver. This article describes a process of assessing the value of preventive maintenance programs and activities by analyzing them in terms of key financial ratios. Engineers and building operators trying to persuade property owners and managers to invest in preventive maintenance (PM) for their portfolios offer a range of solid arguments: “The equipment will perform better.” “Equipment life will be extended.” “Repair costs will fall.” “Downtime will be reduced.” “Tenant satisfaction will increase.” “The manufacturer says we need to do it.” Although most owners acknowledge these issues, they may be more concerned with saving money and obtaining optimum value from their investments. Given that perspective, a more convincing argument for preventive maintenance would demonstrate that PM generates a solid rate of return in terms of risk mitigation and asset protection. Anecdotal evidence does suggest that preventive maintenance is valuable. Until now, however, no one has placed a firm value on the relationship between costs and returns. For one thing, the economic value of preventive maintenance is difficult to determine. No specific statistical methods exist. No empirical studies have been performed. How does one quantify the extended life of a chiller? How can one know how much longer a compressor will last if it receives proper preventive maintenance than it would if no PM took place? Source: Jones Lang LaSalle Wei Lin Koo, Tracy Van Hoy, P.E. https://media.licdn.com/dms/document/media/D4D1FAQHW1vplqy5n6A/feedshare-document-pdf-analyzed/0/1693660134739?e=1697068800&v=beta&t=4TOJ9CwPEhFZzeonU-LIFWUUFWXfkblHi4hyhtaEnOs

Corporate at ZVENIA 05/10/2023

Microsoft Excel Charting (34 pages)

Getting Started with Excel Charts The terms chart and graph are often used interchangeably but do have one significant difference A chart is a graphic representation of data. A graph is a diagram of a mathematical function, but can also be used (loosely) about a diagram of statistical data. Course objectives: • Distinguish between Charts and Graphs • Creating a basic chart and template • Format and configure chart output • Represent Time, Frequency and Proportions • Combining Charts Source: UQ Library Dr.Vaishali Dixit. LinkedIn

Corporate at ZVENIA 30/07/2023

Open Cut Coal Mine Animation

Corporate at ZVENIA 30/07/2023

Que seria del mundo sin la mineria

Autor desconocido

Corporate at ZVENIA 24/09/2023

Financial KPIs Handbook (7 pages)

The most important KPIs for your career or business all in one place! 1️⃣ Cash KPIs 2️⃣ Growth KPIs 3️⃣ Investors KPIs 4️⃣ Inventory KPIs 5️⃣ Accounting KPIs Credits : Financial Modeling World Cup Team Asif Masani, LinkedIn

Corporate at ZVENIA 31/07/2023

Great views of blasting

Source: Dyno Nobel, YouTube

Corporate at ZVENIA 12/06/2023

Plantilla de barrenación para avance con cuña

La minería subterránea por lo general tiene un menor impacto ambiental, pero también implica mayores costos. Por eso, hoy quiero compartir con ustedes una valiosa herramienta: la plantilla de barrenación de avance para mina subterránea. 👇 Esta plantilla permite realizar análisis rápidos de costos de explosivos, determinar el material volado y planificar los materiales necesarios. Puedes llevar a cabo simulaciones de diferentes escenarios y elegir aquel que te beneficie más, yra sea mediante la reducción de la cantidad de barrenos, el ancho u otras variables relevantes. Pronto, compartiré información sobre cómo diseñar una cuña. Source: RUBEN ROBLES R., LinkedIm

Corporate at ZVENIA 02/08/2023

Diseño de Sostenimiento en Minas Subterráneas

El pasado 7 de julio de 2023 en la ciudad de Lima-Perú, tuve el honor de ser ponente en el "XII CONGRESO LATINOAMERICANO DE TUNELES Y OBRAS SUBTERRANEAS - TUNNEL & MINING 2023", organizado por la prestigiosa empresa "ELITE CONSULTING", donde se presento mi libro titulado: "DISEÑO DE SOSTENIMIENTO EN MINAS SUBETRRANEAS". Les alcanzo algunas de las diapositivas que se expusieron como una muestra del libro. Si te interesa adquirirlo, puedes contactarme al WhatsApp: +51 986371646 Source: Amilcar Carpio Chavez, LinkenIn

Corporate at ZVENIA 01/08/2023

What Are Critical Materials and Critical Minerals?

The Energy Act of 2020 defines a “critical material” as: - Any non-fuel mineral, element, substance, or material that the Secretary of Energy determines: (i) has a high risk of supply chain disruption; and (ii) serves an essential function in one or more energy technologies, including technologies that produce, transmit, store, and conserve energy; or - A critical mineral, as defined by the Secretary of the Interior. The Energy Act of 2020 defines a “critical mineral” as: - Any mineral, element, substance, or material designated as critical by the Secretary of the Interior, acting through the Director of the U.S. Geological Survey. 2023 Final Critical Materials List DOE has determined the final Critical Materials List to include the following: - Critical materials for energy: aluminum, cobalt, copper, dysprosium, electrical steel, fluorine, gallium, iridium, lithium, magnesium, natural graphite, neodymium, nickel, platinum, praseodymium, silicon, silicon carbide and terbium. - Critical minerals: The Secretary of the Interior, acting through the Director of the U.S. Geological Survey (USGS), published a 2022 final list of critical minerals that includes the following 50 minerals: “Aluminum, antimony, arsenic, barite, beryllium, bismuth, cerium, cesium, chromium, cobalt, dysprosium, erbium, europium, fluorspar, gadolinium, gallium, germanium, graphite, hafnium, holmium, indium, iridium, lanthanum, lithium, lutetium, magnesium, manganese, neodymium, nickel, niobium, palladium, platinum, praseodymium, rhodium, rubidium, ruthenium, samarium, scandium, tantalum, tellurium, terbium, thulium, tin, titanium, tungsten, vanadium, ytterbium, yttrium, zinc, and zirconium.” This list is based on the assessment described in DOE’s most recent critical materials assessment, the 2023 DOE Critical Materials Assessment. The results of the assessment are shown in the criticality matrices below. Source: https://www.energy.gov/cmm/what-are-critical-materials-and-critical-minerals

Corporate at ZVENIA 24/07/2023

5 Types of Cash Flow and How to Use them

They are highly confused, often misunderstood and mostly underutilized. Here’s what they are and how to use them: 1️⃣ Operating cash flow ⚫ Represents the net cash generated by your company's core operations ⚫ Calculated by adjusting Net Income for non-cash items & changes in net working capital assets. ⚫ Used to assess: >> financial health >> ability to meet its financial obligations >> ability to generate sufficient cash to fund ongoing business operations >> cash generation trends 2️⃣ Investing cash flow ⚫ Represents the net cash generated by your company's investments in long-term assets such as property, plant and equipment (PPE). ⚫ Calculated by totaling the net investments in PPE over the period (purchases less sales of PPE) ⚫ Used to assess: >> investment decisions >> ability to generate returns from its investments 3️⃣ Financing cash flow ⚫ Represents the cash generated by your company's net debt and/or equity activity. ⚫ Calculated by totaling net debt and equity proceeds over the period. ⚫ Used to assess: >> financing choices and risk profile >> ability to raise capital 4️⃣ Free Cash Flow to Firm (FCFF or Unlevered Cash Flow) ⚫ Represents the cash remaining in your business after accounting for cash outflows that support product sales and operations (product costs + operating expenses + working capital) and cash outflows that maintain the capital asset base (capital expenditures). ⚫ Calculated by adjusting Operating Cash Flow for after tax interest expense and investments in capital assets ⚫ Used to assess: >> financial strength and ability to generate sufficient cash for growth and reinvestment >> value based on the discounted cash flow (DCF) valuation. 5️⃣ Free Cash Flow to Equity (FCFE or Levered Cash Flow) ⚫ Represents the cash remaining in your business after accounting for all business expenses, investments in working capital assets, investments in fixed assets, and also all debt obligations. ⚫ Calculated by adjusting Operating Cash Flow for after tax, interest expense, investments in capital assets and net debt payments. ⚫ Used to assess: >> ability to generate cash for distributions to shareholders holders Source: Oana Labes, MBA, CPA - LinkedIn

Corporate at ZVENIA 01/08/2023

EXCEL Formulas Bible

Table of Contents 1. SUM of Digits when cell Contains all Numbers 2. SUM of Digits when cell Contains Numbers and non Numbers both 3. A List is Unique or Not (Whether it has duplicates) 4. Count No. of Unique Values 5. Count No. of Unique Values Conditionally 6. Generate Sequential Weekday names like Sun, Mon, Tue, .....,Sat 7. Generate Sequential Month names like Jan, Feb, Mar....Dec 8. Find Last Day of the Month 9. Number of Days in a Month 10. Find First Day of the Month 11. Add Month to or Subtract Month from a Given Date 12. Add Year to or Subtract Year from a Given Date 13. Convert a Number to a Month Name 14. Convert a Month Name to Number 15. Convert a Number to Weekday Name 16. Convert a Weekday Name to Number 17. Financial Year Formula (e.g. 2015-16 or FY16) 18. Converting Date to a Calendar Quarter 19. Converting Date to a Indian Financial Year Quarter Source: Vijay A. Verma Kasra Jadid Haghighi, LinkedIn

Corporate at ZVENIA 05/08/2023

Caterpillar® Haul Road Design and Management

The haul road is either the mine’s greatest asset or greatest liability • Investment in the haul road is money well spent • Major influence on both cost and production Source: https://www.numeralkod.com/cross/tires.pdf

Corporate at ZVENIA 03/08/2023

The iceberg of ignorance

Did you know that 96% of the Problems are not seen by Senior Management??? Marcus Koehnlein reported „The concept was developed by Sidney Yoshida in 1989. He uncovered a poor distribution of power and information within the hierarchy. He found that company leadership was hardly aware of any of the real problems the organization faced. They were, as he put it, only aware of the tip of the iceberg. If Yoshida's numbers are still accurate today can be discussed, a lot changed since 1989, relevant is not the exact number but the model offers a powerful and painful insight into the miserable state of the modern workplace. So what can be done? Frequently engaging with the front line seems to be a still underused key to success.“ How do you melt the Iceberg of Ignorance? Credits Markus Koehnlein via Alvin Foo

Corporate at ZVENIA 23/07/2023

Indicadores de mantenimineto KPIs

Lo que no se mide, no se puede administrar. Y precisamente para eso es que tenemos indicadores que nos permiten diseñar una buena estrategia de mantenimiento. Los indicadores son muy importantes para los gestores de mantenimiento porque les permiten analizar la rutina de trabajo, equipo de mantenimiento, procesos y equipos. Es posible medir y analizar cualquier actividad que genere números o valores en mantenimiento. La cuestión es descubrir cuáles son los indicadores de desempeño más importantes para no perder tiempo con los que son poco relevantes. A continuación, te compartimos una lista de los principales indicadores de mantenimiento. Fuente: Predic, LinkeIn

360 Tracked Excavator Dozer Forward / Swivel Tipping Dumper Front Loading Shovel Grader Hydrema Dump Truck Articulated/Rigid Dump Truck Roller 360 Wheeled Excavator Telehandler Tractor Traxcavator Vehicles, Vans and Lorries Source: https://www.mmd.ie/

Corporate at ZVENIA 31/07/2023

Ventilation Challenges Facing the Metalliferous Sector (10 pages)

Corporate at ZVENIA 03/06/2023

The ASX in two panels.

The S&P/ASX 300 Metals & Mining (XMM) index contains companies in the S&P/ASX 300 that are classified as members of the Metals & Mining Industry. Constituents include producers of gold, steel and precious metals. No Exchange Traded Fund tracks the index. To be eligible for inclusion in the ASX 200 Index: Market capitalization: A stock's weight in the index is determined by the float-adjusted market capitalization of the stock. This is a function of current index shares, the latest available stock price and the Investable weight factor (IWF).

Corporate at ZVENIA 08/06/2023

Los principales costos en la gran minería

Los principales costos en la gran minería se dividen en dos categorías: los costos de operación (OPEX) y los costos de inversión (CAPEX). 1. Costos de operación (OPEX): Estos son los costos relacionados con el día a día de la operación minera, como los costos de mano de obra, energía, combustible, reparaciones y mantenimiento, suministros, transporte, entre otros. 2. Costos de inversión (CAPEX): Estos son los costos relacionados con la inversión en el proyecto minero, como los costos de exploración, diseño, ingeniería, construcción, equipos y maquinaria, infraestructura, entre otros. En general, los costos de inversión (CAPEX) son más altos al comienzo del proyecto, mientras que los costos de operación (OPEX) se mantienen más constantes a lo largo del tiempo. Aunque estos costos pueden variar dependiendo de la mina y de las condiciones locales, es importante tenerlos en cuenta al planificar y evaluar la viabilidad económica de un proyecto minero. Los principales costos para operar una compañía minera incluyen: a. Costos de extracción y procesamiento: Estos incluyen los costos de remover la roca y minerales del suelo, así como los costos de procesar el mineral para obtener el producto final deseado. b. Costos de mano de obra: Incluyen los salarios y beneficios de los empleados, incluyendo los costos relacionados con la seguridad y la capacitación. c. Costos de energía y combustibles: Incluyen los costos de energía para operar las máquinas y equipos, así como los costos de combustible para el transporte. d. Costos de mantenimiento y reparación: Incluyen los costos de mantener y reparar las máquinas y equipos, así como los costos de construir y mantener las instalaciones. e. Costos de transporte: Incluyen los costos de transportar el mineral y el producto final desde la mina hasta los clientes o instalaciones de procesamiento. f. Costos de cumplimiento normativo: Incluyen los costos de cumplir con las regulaciones ambientales y de seguridad laboral, así como los costos relacionados con las licencias y permisos necesarios para operar. g. Costos de investigación y desarrollo: Incluyen los costos relacionados con la exploración y el desarrollo de nuevos yacimientos y proyectos mineros. Teniendo en cuenta estos costos y tomando decisiones adecuadas a lo largo del tiempo, las empresas mineras pueden asegurar su operación y rentabilidad a largo plazo. Source: Jose Pizarro C, LinkedIn Source Image : gettyimages

Corporate at ZVENIA 06/06/2023

Mining and Metals: The opportunity to contribute to the Global Biodiversity Framework

“When mining companies engaged in discussions at the fifteenth Conference of the Parties to the United Nations Biodiversity Conference, COP15, in December last year, they shared solutions that will contribute towards a world in which nature is more healthy, abundant and resilient — it is clear that our industry has a unique role to play in supporting a nature-positive agenda.” Hayley Zipp, Director of Environment, ICMM Nature and biodiversity loss is occurring at an alarming pace. Species extinction rates are 100 – 1,000 times the historical norm, with a huge acceleration in the last 150 years. This degradation puts over half of the world’s annual GDP at risk. Mining disturbs less than 0.1% of the world’s land but often in ecologically and culturally sensitive areas. Recognising this, ICMM members have committed to understand their impact and take steps to mitigate this, while focusing on opportunities for conservation and restoration. However, we know we need to go even further in contributing to halting and reversing nature’s decline globally, and regional collaboration across different stakeholder groups is key to making this happen. This requires a holistic understanding and careful management of shared resources – from the mine site into adjacent landscapes and value chains. It means working with communities, government and civil society to halt and reverse the loss of nature and support both conservation and fair and equitable benefit sharing of natural resources. Source article and image: https://www.icmm.com/website/publications/pdfs/environmental-stewardship/2023/factsheet_nature-gbf.pdf

Corporate at ZVENIA 23/07/2023

Q2 2023. The top 50 biggest mining companies in the world

MINING.COM’s ranking of world’s biggest miners welcomes the first Indonesian company to the top tier and Perth as the city hosting the greatest number on the list at the end of the second quarter 2023 At the end of the first quarter of 2022 metals and minerals were setting all-time records led by bellwether copper which briefly traded above $5 a pound or more than $11,000 per tonne. Iron ore, the second most traded bulk commodity after crude oil and the cash cow for the top tier of the mining world, was above $150 a tonne. Both commodities are down by more than 20% since then – officially a bear market. At the end of Q1 2022, the MINING.COM TOP 50* ranking of the world’s biggest miners hit an all time record of a collective $1.75 trillion. Half way through 2023 and mining valuations have slumped a total of $356 billion after giving up a collective $47 billion during the second quarter. The Top 50 now has a combined market value of $1.38 trillion – back to levels seen end-June 2021. Indonesian debut The first Indonesian company to make it into the top 50 is Amman Minerals Internasional, owner and operator of the Batu Hijau copper and gold mine and developer of the adjacent Elang project. Elang is one of the world’s largest undeveloped copper and gold porphyry deposits and is currently in the feasibility stage. Indonesia has become a red-hot IPO market this year and Amman was the largest of the year so far. The company debuted in Jakarta on July 7, raising more than $700m, and enters the ranking at no 46 with a valuation just shy of $9 billion or 135 trillion rupiah, up smartly since the IPO. Harita Nickel, which listed in Jakarta in April raising $672m, has had a tough go of it and the stock has shed more than 30% since then as nickel prices decline at a similar rate. In USD terms Harita Nickel is worth less than $4 billion which places the stock outside the 70 most valuable mining stocks globally. Lithium ranks grow Lithium producer Pilbara Minerals makes a spectacular entry into the Top 50 at position no 42 after spending several quarters bubbling under the ranking. Pilbara Minerals shares are up over 40% so far this year, lifting its value to over $10 billion, surpassing that of fellow lithium miner and Perth neighbour, Mineral Resources. Pilbara Minerals, which is the ranking’s best performer for the quarter, brings the number of companies based in the Wes... Source : https://www.mining.com/top-50-biggest-mining-companies/

Corporate at ZVENIA 15/06/2023

The CEO checklist

It's hard being a CEO. Every decision impacts financial health, employee morale, and stakeholder satisfaction. To succeed, you’ll need a good CFO. And you’ll need to Master Strategic Management. Here are 15 key areas that a CEO should focus on, to help you track your learning, your progress or your performance: 1. Vision and Strategy Development: map the future, ensure alignment with strategic vision, and develop long-term strategies to achieve goals 2,. Leadership and Organizational Culture: create a positive and productive organizational culture 3. Financial Management: oversee the company's financial health 4. Corporate Governance: ensure adherence to the highest standards of governance 5. Risk Management: identify potential risks to the company and ensure it has systems in place to mitigate them 6. Operational Efficiency: streamline operations, improve productivity, and promote innovation 7. Talent Management: ensure the right people are in the right roles to effectively drive the strategic plan 8. Customer Focus: foster a customer-centric approach across all department, to understand and meet customer needs 9. Investor Relations: maintain strong relationships with investors, shareholders, and financial analysts 10. Brand Reputation and Image: act as the face of the company, and ensure their actions reflect positively on the brand 11. Innovation and Technology: foster a culture of innovation to gain and retain competitive advantages 12. Sustainability and Corporate Social Responsibility: balance the drive for profit with the need for ethical and sustainable operations 13. Stakeholder Management: manage relationships with various stakeholders 14. Mergers and Acquisitions: evaluate opportunities for growth via mergers, acquisitions, partnerships, or joint ventures, and oversee their successful execution. 15. Business Continuity and Succession Planning: develop and implement a comprehensive business continuity plan Source article & image: Oana Labes, MBA, CPA ; LinkedIn

Corporate at ZVENIA 03/06/2023

GUIDELINES FOR MINE HAUL ROAD DESIGN (115 pages)

The idea of developing a haul road manual or collection of guidelines was initiated by the late Professor Muirhead at the University of Alberta in 1999. Support and financial contributions for this work were obtained from NSERC, SMART (Surface Mining Association for Research and Technology) ATCO Power, and Finning. Both Syncrude Canada Ltd. and Suncor Ltd. provided access to road design data and methodologies. Syncrude Canada Ltd.’s internal reports were instrumental in verifying the strain-based design approach for haul roads advocated in this manual..

Corporate at ZVENIA 29/06/2023

DIGITAL MINE. A review of Australia’s mining innovation ecosystem

The unrivalled success of Australia’s mining industry has long relied on technology and innovation to improve safety, drive greater productivity and deliver better sustainable development. The mining industry has also become an increasingly critical driver of broader industry development and innovation. However, this innovation imperative can deliver more with a cooperative focus and a policy framework that encourages creativity and application. This publication, The Digital Mine, addresses that goal. Australia’s minerals industry is essential for modern life and will contribute the raw materials needed for the global transition to a net zero economy. Building solar photovoltaic plants, wind farms and electric vehicles is more minerals-intensive than their hydrocarbon equivalents. Traditional commodities continue the quest to reduce emissions in extraction and use… Foreword by Tania Constable Chief Executive Officer Minerals Council of Australia The technologies: Artificial Intelligence Augmented and virtual reality Big data analysis Blockchain technology Digital twins Hydrogen energy Integrated automation Integrated operations centres Internet of Things Kinetic braking Liquefied natural gas Mine site electrification Solar photovoltaics Wearable technology

Corporate at ZVENIA 29/07/2023

If you invest, you MUST know how to identify a moat.

Here are 9 financial “rules of thumb” that Warren Buffett uses to tell if a company has one: 1: Gross Margin Formula: Gross Profit / Revenue Moat: Consistently above 40% No Moat: Under 40% & volatile 2: Sales, General, and Administrative Expenses Formula: SG&A / Gross Profit Moat: Consistently under 30% No Moat: Over 80% & volatile 3: Depreciation Expense Formula: Depreciation / Gross Profit Moat: Consistently under 10% No Moat: Volatility & high 4: Interest Expense Formula: Interest Expense / Operating Income Moat: Consistently under 15% No Moat: Over 50% & volatile 5: Income Tax Expense Formula: Income Tax Paid / Pre-tax Income (Earnings Before Tax) Moat: Consistently pays the full amount (~21% in U.S.) No Moat: Negative, erratic 6: Profit Margin (Net Margin) Formula: Net Income / Revenue Moat: Consistently above 20% No Moat: Below 10%, negative, and volatile 7: Capital Expenditures Formula: Capital Expenditures / Net Income Moat: Consistently under 25% No Moat: Consistently above 75% 8: Total Liabilities to Adjusted Shareholder Equity Formula: Total Liabilities / Shareholder Equity Moat: Below 0.80 No Moat: Over 2.00 9: Return on Shareholders’ Equity Formula: Net Income / Shareholder Equity Moat: Consistently above 15% No Moat: Below 10%, negative, or volatile 3 Important notes: a) These “rules of thumb” are only useful when a company is fully optimized for profits (phases 4 & 5). B) CONSISTENCY is key The real test is if a company generates good numbers over multiple years & various economic cycles C) There are PLENTY of exceptions & nuances to these rules Many of Buffett’s largest holdings do not pass every rule of thumb. That’s because investing & accounting have TONS of nuances. Source: Brian Feroldi, LinkedIn

Corporate at ZVENIA 25/07/2023

¿Cómo estás midiendo las Tasas de Rotación y Retención del Personal en tu organización?

Todavía veo en mis Consultorías y Entrenamientos Personalizados, mucha confusión y muchas maneras de calcular estos dos importantes KPIs en nuestras organizaciones. Existen muchas definiciones de Rotación y Retención del Personal. Te comparto las que se identifican con mi manera de pensar y actuar: 💪¿Qué es la Rotación del Personal? "la relación entre el número de miembros de la organización que se han ido durante el período que se considera, dividido por el número promedio de personas en esa organización durante el período" (Price, 1977) y a menudo es perjudicial para el funcionamiento eficaz de una organización. Coincide con lo expresado en la nueva Norma ISO 30414/2018 sobre Reportes y Métricas en RRHH: (la norma internacional que trata de poner de acuerdo a todos a la hora de medir y hacer reportes en RRHH) “Esta métrica expresa el número de personas que abandonan la organización debido al despido, el desgaste y otras razones en comparación con el número total de personas en la organización. Incluye toda la Rotación, independientemente de la razón”. 💪¿Cómo se calcula? Tasa de Rotación: (Número total de abandonos en un período de tiempo/Promedio de Empleados en el mismo período de tiempo) * 100 💪¿Qué es la Retención del Personal?: 1. Es el esfuerzo realizado por las organizaciones para preservar su activo más preciado: los empleados. 2. Es el esfuerzo de las empresas para que sus empleados se aferren a la misma. Comienza con la contratación de personas y continúa después con las entrevistas de salidas 3. Es la capacidad de una organización para retener a sus empleados actuales. 4. Son las estrategias y procesos que desarrolla una organización para mantener a sus mejores talentos y mitigar el riesgo de rotación. 💪¿Cómo se calcula? He visto dos variantes predominantes: 1. ES LA MAS RECOMENDADA: No teniendo en cuenta los empleados que hayan sido contratados durante el año, ni en el total de empleados, ni en el número de abandonos. Solamente tiene en cuenta el Total de Empleados al Inicio del año y de ellos, cuántos se fueron por cualquier motivo TRet ((TEmpIn-TTEmpbajas)/TEmpIn)*100 2. Considerándola como lo Opuesto de la Rotación del Personal (considera a los empleados que iniciaron y a los nuevos contratados) TRetP=(1-(TEaba/PTEmp))*100 Ejemplo: Si la Rotación es del 15%, entonces la Retención es del 85%. SUMA 100 Fuente: Juan Carlos Páez Núñez, LinkedIn

Corporate at ZVENIA 05/08/2023

Has mining lost its luster? Why talent is moving elsewhere and how to bring them back

Along with other sectors of the global economy, mining faces significant change, and its approach to talent management will determine its future trajectory. Additional value can be unlocked through higher productivity and safety derived from a better managed, trained, and motivated workforce. Analytics have an exciting role to play here, from finding and keeping talent all the way to helping them do their best work. There is an increasingly strong imperative to create best-in-class work environments, where people can feel valued, invested in, and fulfilled, and bring their best selves to work every day to deliver on the expectations of shareholders, policy makers, and society. Source: McKinsey www.mckinsey.com/industries/metals-and-mining/our-insights/has-mining-lost-its-luster-why-talent-is-moving-elsewhere-and-how-to-bring-them-back#/ Simon Jowitt, LinkedIn

Corporate at ZVENIA 01/08/2023

My 10 favorite investment tools

The internet is full of investing resources. If you know how to use them well, it can be a gold mine. 1. Morningstar Morningstar is an American financial services firm. It provides an array of investment research and investment management services. You can take a look at a company’s financials, valuation, operating performance, dividend, ownership and much more. 2. Dataroma Via Dataroma, you can track the portfolios of the best investors in the world. Think about Warren Buffett, Chuck Akre, Terry Smith and Howard Marks. You can also take a look at which stocks are bought the most by these superinvestors, which insiders are buying their own stock, and so on. 3. Yahoo Finance Yahoo Finance provides you with financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It’s a great website to check daily stock news or create a watchlist. 4. Seeking Alpha If you are looking for stock analysis, Seeking Alpha is the place to be. You can follow the stocks you want and you’ll receive an email each time someone publishes an article about the companies you’re interested in. 5. The SEC website The SEC website gives you access to the full text of SEC filings since 2001. Everything that a company has filed over the past few years can be found on this website. 6. ROIC.ai Via ROIC.ai you can find more than 30 years of financial data for free. ROIC.ai covers more than 37.000 companies. It’s a great way to look at the evolution of the financials of a company. 7. The company’s website The best way to start analyzing a stock is by going to the company’s ‘Investor Relations’ section on their website. Via this section, you can download it’s annual reports, investor presentations, and much more. 8. Stratosphere Stratosphere offers you a platform where you can take a look at the financials of a company, visualize data, and screen for stocks which match certain criteria. 9. Investopedia If you want to learn about a certain investment topic, Investopedia is the place to be. It features articles, tutorials, videos, and other content designed to help individuals make informed financial decisions. 10. Quartr App The Quatr App is a financial research and investor relations platform. This app makes it easy for you to listen to conference calls and take a look at the Investor Presentation of a company. Source: Chris Quinn, LinkedIn

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Corporate at ZVENIA 08/06/2023

Slope stability analysis by the limit equilibrium method

It is well known that the most critical failure surface for a soil with a large cohesion and a small friction angle is a deep circle, whereas that with a small cohesion and a large friction angle is a shallow circle. Reference: Marile O, LinkedIn Huang, Yang H. (2014). Slope stability analysis by the limit equilibrium method.

Corporate at ZVENIA 23/07/2023

10 Scenario Analysis Frameworks (by Nicolas Boucher)

Financial planning and analysis (FP&A) is a set of planning, forecasting, budgeting, and analytical activities that support a company's major business decisions and overall financial health. 10 Scenario Analysis Frameworks You work in FP&A ? Here is an extract from a course I gave recently. One of the questions from the students was: "What are the different methods for scenario analysis" Here are 10 different methods, with instructions and an illustrative example. 1. "What if" analysis Identify a set of variables that might impact your business, such as raw material, price, shipping costs, or regional demand. For example: "What if limestone prices rise by 10%?" 2. Sensitivity Analyze how changes in a single input would impact a certain output, such as profits. For instance: examine how a +/- 5% change in energy costs would affect your profits. 3. Probabilistic Assign probabilities to different scenarios based on historical data or industry insights. Example: There might be a 20% chance of a severe supply chain disruption. 4. Stress testing Identify extreme scenarios that might put your company under strain, Evaluate how your company would withstand these scenarios. Example: a massive drop in demand or a significant disruption in raw material supply. 5. Monte Carlo Use a computer program to simulate a range of outcomes of different scenarios and calculate probabilities for each. This could help you understand potential fluctuations in profits, costs, or revenues. 6. Brainstorming Bring together key stakeholders to generate a wide range of possible future scenarios. Examples: consider potential political, economic, or industry changes. Create narratives for different scenarios to help stakeholders visualize potential futures. 7. Clustering Group similar scenarios together to simplify your analysis. For example, you might have one cluster of scenarios for Raw material and another for Labor costs 8. Matrix Create a matrix with two key uncertainties as the axes. Then fill in the quadrants with scenarios based on these uncertainties. For instance, one axis could be "Energy price volatility" and the other "Regulatory changes". 9. Storytelling For example, tell a story on how your company would fare under a scenario of rapid economic growth or a severe recession. 10. Simulation Use sophisticated software to simulate how your company would perform under different scenarios. Source : Nicolas Boucher, LinkedIn www.nicolasboucher.online

Corporate at ZVENIA 01/08/2023

Critical Materials Assessment

The global effort to curb carbon emissions is accelerating demand for clean energy technologies and the materials they rely on. Demand for these materials will only continue to grow, especially as some nations aim to achieve net-zero emissions by 2050. While some major materials like steel, copper, and aluminum are already powering the fossil fuel economy, others are more minor materials with potential supply risks. These risks could jeopardize the ability to reduce greenhouse gas emissions within the desirable timeframe to avoid significant climate change. In some cases, it may be necessary to take action to improve the resilience of these material supply chains and mitigate supply risks. Understanding the importance of individual materials to clean energy and the supply risks associated with them is necessary to identifying which materials may serve as potential roadblocks to a clean energy future. The U.S. Department of Energy (DOE) issued a series of 13 “supply chain deep dive” assessment reports related to the supply chains supporting various energy technologies in 2022 in response to President Biden’s Executive Order on America’s Supply Chains (E.O. 14017). These reports emphasized that supply chain bottlenecks can occur at any stage of the value chain — from mining and refining to component and even subsystem manufacturing. The bottlenecks result from a combination of factors such as material availability, equipment availability, workforce availability and quality, logistics, regulatory frameworks, and market conditions. These bottlenecks were worsened during the global Covid-19 pandemic. Its lingering impacts have hindered capacity expansion for material supply chains and prevented product lead-time recovery. One approach to reduce supply chain risks for the United States is to have a strong domestic manufacturing sector with a diverse set of producers. Boosting responsible domestic production would require leveraging the latest science not only in material extraction but also in developing substitutes and fostering recycling, reuse, and remanufacturing. Source: https://www.energy.gov/sites/default/files/2023-07/doe-critical-material-assessment_07312023.pdf

arrow_back 16 Grade control

Corporate at ZVENIA 08/06/2023

Guidelines for the development and application of engineering geological models on projects

There is a new available from IAEG titled “Guidelines for the development and application of engineering geologic models on projects.” The guidelines were created by members of the International Association of Engineering Geologists (IAEG) Committee IAEG C25 – Commission for the Use of Engineering Geologic Models, and represents a consensus view of its members. The purpose of the guidelines is to provide succinct, practical, accessible, and authoritative advice on the effective use of engineering geological models in a wide range of applications including civil engineering, mining, geohazard studies, offshore studies, land-use planning, and environmental assessments. The Guidelines are broad ranging, intended for use or reference by stakeholders in projects of all scales that interact with or require an understanding of the ground. They are intended to have worldwide application. Source: Marcio Leão, LinkedIn Source article and image: https://www.iaeg.info/

Corporate at ZVENIA 06/06/2023

Telemetria – Tecnologia para elevar produtividade e reduzir consumo de combustível

Os processos de produção estão sendo otimizados constantemente com o auxílio da eletrônica embarcada, da informática e de sistemas de comunicação. A telemetria, ferramenta presente nos caminhões utilizados na mineração, possibilita a geração de informações dos sinais vitais dos equipamentos em tempo real. Este trabalho proporcionou o desenvolvimento de ferramentas e dashboards para gestão da velocidade média da frota de transporte, possibilitando o mapeamento e atuação em campo de problemas de vias e gestão do desempenho da equipe. Os resultados do trabalho mostraram um aumento de produtividade acima de 10% para as duas frotas de transporte avaliadas. O trabalho também teve foco na sustentabilidade, com ganhos expressivos na redução do consumo de óleo diesel e consequente redução de 1.608 t de CO2 emitidos na atmosfera. Para a implantação do monitoramento dos equipamentos através da telemetria, são necessários que existam sensores específicos, corretamente instalados; pessoas capacitadas para análise de parâmetros e rotinas sistemáticas de análise. As estradas de mina são fundamentais para garantir o sucesso da atividade mineradora, são os viabilizadores da etapa de transporte. As vias devem ser aderentes ao projeto geométrico e estrutural [1]. 2. MATERIAIS E MÉTODOS 2.1. Mapa de calor de velocidade 2.2. Relatórios de gestão 3. RESULTADOS E DISCUSSÃO 3.1 Aumento de velocidade média 3.2 Aumento de produtividade 3.3 Redução no consumo de óleo diesel AUTORES: Patrick Teixeira Oliveira – Gerente de Operação de Mina, Marcélio Prado Fontes – professor efetivo do CEFET-MG, Walter Schmidt Felsch Junior – Engenheiro Especialista em Gerenciamento de Frotas e Leonardo Cavalini Bergmann – Diretor de Operações – Instale Tecnologia. Source: Minerios & Minerale https://revistaminerios.com.br/telemetria-tecnologia-para-elevar-produtividade-e-reduzir-consumo-de-combustivel/ Image source: Minerios & minerales

Corporate at ZVENIA 11/06/2023

¿Alguna vez te ha tocado presentar el cumplimiento o ejecución de un presupuesto de costos, gastos, ingresos, etc. para un período de tiempo dado, en una reunión directiva de tu empresa o negocio?

Corporate at ZVENIA 11/06/2023

Razones por las cuales un colaborador podría decidir renunciar a una empresa

Existen varias razones por las cuales un colaborador podría decidir renunciar a una empresa. A continuación, te mencionaré algunas de las razones más comunes: 📌Falta de satisfacción laboral: Si un colaborador no se siente satisfecho con su trabajo, puede decidir buscar nuevas oportunidades que le brinden mayor satisfacción. Esto puede deberse a la falta de reconocimiento, ausencia de retos profesionales, falta de desarrollo profesional o insatisfacción con la cultura de la empresa. 📌Mejores oportunidades: Un colaborador puede recibir una oferta de empleo más atractiva en otra empresa, ya sea en términos de salario, beneficios, posición o crecimiento profesional. Esta puede ser una motivación significativa para renunciar y buscar una nueva oportunidad que se ajuste mejor a sus metas y aspiraciones. 📌Problemas con el liderazgo: Si un colaborador tiene conflictos con su jefe directo o no está satisfecho con la forma en que se maneja el liderazgo en la empresa, es posible que decida renunciar. Una mala relación con el jefe, falta de comunicación efectiva o un estilo de gestión inadecuado pueden generar un ambiente laboral poco favorable y llevar a la decisión de renuncia. 📌Falta de equilibrio entre trabajo y vida personal: Si un colaborador siente que su trabajo está afectando negativamente su vida personal, ya sea debido a largas horas de trabajo, falta de flexibilidad horaria o presiones constantes, puede optar por renunciar en busca de un mejor equilibrio entre su vida profesional y personal. 📌Cambio en la trayectoria profesional: Las metas y los intereses profesionales de una persona pueden evolucionar con el tiempo. Si un colaborador encuentra que su trabajo actual ya no se alinea con sus objetivos a largo plazo o con su pasión, es posible que decida buscar nuevas oportunidades en un campo diferente o en una industria que le resulte más atractiva. 📌Problemas en el ambiente laboral: Un ambiente laboral tóxico, con conflictos constantes entre compañeros, falta de colaboración o discriminación pueden llevar a un colaborador a renunciar. El bienestar emocional y la salud mental son aspectos importantes en la vida de una persona, y si la empresa no brinda un ambiente positivo, algunos colaboradores pueden decidir buscar alternativas más saludables. Source : EXPERTOS en Competencias y Conductas, LinkedIn

Corporate at ZVENIA 24/07/2023

10 Useful Ways to Visualize Your Data (With Examples)

You’ve been avidly collecting data. You’ve figured out how to process it all and set up your formulas… but how do you transform those into powerful KPI dashboards and genuinely valuable data visualizations that bring your insights to life? There’s an array of data visualization types, and which you choose for your data depends on what measurement you are trying to emphasize and what information you are trying to reveal. If you want to know when you should use a column chart versus a line chart - and yes, there’s a big difference - then this is the guide for you. Here are 10 effective data visualization examples to incorporate into your dashboards today. Source: www.sisense.com

Corporate at ZVENIA 24/07/2023

5 KPIs de compras para medir el desempeno de tu funcion (by Penélope Rojas)

📣 Los Indicadores clave de desempeño (KPI) son relevantes para medir y evaluar el desempeño. Aquí les dejo algunos KPI's básicos y/o relevantes en Compras: 👇 ✳ COSTO TOTAL DE ADQUISICIÓN (CTA): Este KPI mide el costo total de adquirir un producto o servicio, incluyendo el precio de compra, los costos de transporte, los aranceles, los impuestos, los gastos de almacenamiento, entre otros. El objetivo es buscar reducir el CTA y optimizar los costos asociados con la adquisición de bienes y servicios. ✳ AHORROS: Este indicador mide los ahorros obtenidos a través de actividades de compras estratégicas, como la negociación de precios más bajos, la consolidación de compras, la identificación de alternativas más económicas o la reducción de costos en la cadena de suministro. El objetivo es lograr ahorros significativos y contribuir a la rentabilidad de la organización. ✳ CUMPLIMIENTO DE PROVEEDORES: Este KPI evalúa la capacidad de los proveedores para cumplir con los plazos de entrega, la calidad de los productos o servicios suministrados y el cumplimiento de los términos y condiciones acordados. Un alto nivel de cumplimiento de proveedores asegura una cadena de suministro eficiente y reduce el riesgo de interrupciones en la producción. ✳ NIVEL DE SATISFACCIÓN DEL CLIENTE INTERNO: Este indicador mide la satisfacción de los clientes internos (departamentos o unidades de la organización) con los servicios y productos entregados por el departamento de Compras. Puede medirse mediante encuestas, retroalimentación o evaluaciones periódicas. El objetivo es asegurar que las necesidades y expectativas internas sean satisfechas de manera eficiente y efectiva. ✳ TIEMPO DE CICLO DE COMPRA: Este KPI mide la eficiencia del proceso de compras midiendo el tiempo que transcurre desde la solicitud de compra hasta la recepción de los productos o servicios solicitados. Un tiempo de ciclo de compra corto indica una gestión ágil y eficiente de las adquisiciones. Estos son solo algunos ejemplos de KPI relevantes en Compras. ✴ Los KPI's pueden variar dependiendo de la industria, el tamaño de la organización y los objetivos específicos de la función de Compras. ❌ OJO: No midas todo, es importante seleccionar y monitorear aquellos KPI que sean más relevantes para medir el desempeño y contribuir al éxito de la organización. Fuente: Penélope Rojas (Penny), LinkedIn

Corporate at ZVENIA 26/05/2023

Vox Markets / Mining Matters

Intercultural meetings: 10 good practices to reduce misunderstandings

Scare yourself. If you regularly have meetings with foreign partners, it happens that out of an hour of exchanges, there are 5, 10, 15 minutes, or even more, where communication is impaired due to some misunderstandings or complete misunderstandings (technical issues, loss of attention, unclear explanations, differences in language levels, accents and pronunciation, etc.). Now, calculate how many such meetings you attend per month, then per year, and add up all those critical moments where there is no discussion of the content and you will realize the colossal loss of information they represent. It is not possible to completely eradicate these disruptions. But they can be reduced. How? When I ask what they do to deal with them, participants in cross-cultural training very generally say the same thing: simplify expression, slow down the flow, repeat, rephrase, and then write up the minutes of the meeting. This is very useful, but often not enough. One then turns to the many articles devoted to the challenges of intercultural communication. But we are often frustrated by the advice given. We are told that we should not assume that our partners have the same references and habits in terms of communication, that we should be « kind », « listening », « open and respectful », « show empathy ». These are useful but very general postures that remind us of the abstract advice of personal development (Be yourself! Enjoy every moment!). The question remains: what can we actually do? I propose a non-exhaustive list of actions to implement (in blue below). Some of them come from personal observations and practices; others have been mentioned by participants in intercultural trainings (I will mention it if the case). It is up to each of you to take what you from this toolb… — Source: https://gestion-des-risques-interculturels.com/analyses/intercultural-meetings-10-good-practices-to-reduce-misunderstandings/ Crédit photo Jason Goodman, image gratuite Unsplash.

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