Australian Mining https://www.australianmining.com.au Australia's home for mining industry news Mon, 21 Aug 2017 00:33:19 +0000 en-AU hourly 1 https://wordpress.org/?v=4.7.2 Welcome to the Future of Data Mining https://www.australianmining.com.au/resources/welcome-future-data-mining/ https://www.australianmining.com.au/resources/welcome-future-data-mining/#respond Mon, 21 Aug 2017 00:33:19 +0000 https://www.australianmining.com.au/?p=169696 The future of mining and other core industries, according to tech giant Siemens, can be summed up in two words: autonomous and digitalized. The technologies that will deliver increased efficiencies are real and are already being implemented at businesses around the world. Learn more at Siemens’ annual digitalization conference, Digitalize 2017, in Sydney on Wednesday … Continue reading Welcome to the Future of Data Mining

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The future of mining and other core industries, according to tech giant Siemens, can be summed up in two words: autonomous and digitalized. The technologies that will deliver increased efficiencies are real and are already being implemented at businesses around the world.

Learn more at Siemens’ annual digitalization conference, Digitalize 2017, in Sydney on Wednesday 30 August 2017.

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Resurgent iron ore price lifts Fortescue https://www.australianmining.com.au/news/resurgent-iron-ore-price-lifts-fortescue/ https://www.australianmining.com.au/news/resurgent-iron-ore-price-lifts-fortescue/#respond Mon, 21 Aug 2017 00:20:30 +0000 https://www.australianmining.com.au/?p=169682 Fortescue Metals Group more than doubled its profit in the 2017 financial year as iron ore prices surged.

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Fortescue Metals Group more than doubled its profit in the 2017 financial year as iron ore prices surged.

The company reported $US2.1 billion ($2.65 billion) in profit, which reflected improved iron ore prices, as well a sustained focus on productivity and efficiency initiatives that saw cash costs fall to $US12.82 per wet metric tonne (wmt).

Fortescue’s cash position at the end of the financial year was $US1.8 billion, with net gearing reduced to 21 per cent following the repayment of $US2.7 billion in debt and refinancing of an additional $US1.5 billion.

Chief executive officer Nev Power said the whole Fortescue team delivered outstanding results against the company’s key safety, production and cost targets.

“Safety improved by 33 per cent compared to the previous year, while costs improved by 17 per cent and we achieved a record low C1 operating cost of $US12.16/wmt in the June quarter,” Power said.

“Fortescue has continued to generate excellent cashflows allowing further repayment of debt, strengthening of our balance sheet and increasing returns to our shareholders.

“Out strong operating performance and financial outlook has led to the board declaring a final fully franked dividend of 25 cents per share, increasing total FY17 dividends to 45 cents per share, a 52 per cent pay-out of net profit after tax.”

Fortescue reported a 19 per cent increase in revenue to $US8.45 billion as the average Platts 62 CFR iron ore price rose to $US69.53 per dry metric tonne (dmt), up from $US51.37/dmt a year earlier.

The company’s guidance for fiscal 2018 is to ship 170 million tonnes of iron ore.

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Advanced Schaeffler Plummer Block and Seal Combination for Harsh Mining Conditions https://www.australianmining.com.au/news/advanced-schaeffler-plummer-block-seal-combination-harsh-mining-conditions/ https://www.australianmining.com.au/news/advanced-schaeffler-plummer-block-seal-combination-harsh-mining-conditions/#respond Mon, 21 Aug 2017 00:17:27 +0000 https://www.australianmining.com.au/?p=169689 Schaeffler’s SNS plummer block and BTAC Taconite seal combination is specially designed for heavily loaded applications in harsh conditions. New generation FAG SNS Plummer Block Housings are being combined with BTAC Taconite bolt-on seals that provide reliable protection against dust and contamination that can lead to premature wear and downtime in raw material and mineral … Continue reading Advanced Schaeffler Plummer Block and Seal Combination for Harsh Mining Conditions

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Schaeffler’s SNS plummer block and BTAC Taconite seal combination is specially designed for heavily loaded applications in harsh conditions.

New generation FAG SNS Plummer Block Housings are being combined with BTAC Taconite bolt-on seals that provide reliable protection against dust and contamination that can lead to premature wear and downtime in raw material and mineral processing applications.

The BTAC Taconite seal – one of a series of design elements tailored to optimise the benefits of the SNS plummer block in different applications – contains a labyrinth seal, replaceable wear face and a V-ring seal. It is also bolted to the housing for security against contamination.

“For ease of maintenance and curtailment of downtime, the seal carrier features a split fixture, which allows the bearing and seal wear face to be visually inspected without having to remove the upper section of the housing,” says Manager, Industrial Projects and Services, Schaeffler Australia, Mr Martin Grosvenor. The critical benefits of this arrangement include time saving and avoidance of OH&S issues involved in heavy and laborious tasks.

The new seals with housing to suit can be specified OEM, dropped in as a replacement for SNS Housings with other seals, or dropped in as a replacement for SD housing designs. The SNS is a large-size bearing housing engineered to increase the service life of fitted spherical roller bearings by up to 50 percent compared to conventional plummer block housings. SNS housings may also be fitted with split spherical roller bearings to save time, optimise uptime and minimise OH&S maintenance issues.

The SNS Housing’s advantages – including increased strength and shock resistance due to the use of (EN-GJS-400) spheroidal graphite cast iron as standard – make the SNS and BTAC Taconite combination ideal for diverse applications where spherical roller bearings are widely used, including machinery operating in aggressive environments.

Seals designs for SNS plummer blocks applications include:

  • NTS labyrinth seals for high circumference speeds. NTS labyrinth seals are contact-free and therefore suitable for such speeds. Temperatures from -20 C to +200 C are permissible.
  • NTC Taconite seals for extreme protection. This seal type is a combination of a labyrinth seal and a V ring. The phosphate surface of the seal makes it suitable for use in extremely contaminated environments at temperatures of -40 C to 100C
  • BTAC Taconite seals, which were especially developed for use under harsh conditions in the extraction and processing of raw materials, where they provide optimum protection against dust and contamination.
  • NTSG split labyrinth seals, which simplify mounting and repair work on continuous shafts and in places that are difficult to access. When combined with split bearings, split seals eliminate the need for complex additional tasks, such as removing gears and clutches, dismounting drives and dismantling shaft lines.

Such benefits save time and money and produce an unbeatable Total Cost of Ownership (TCO) reduction, says Mr Grosvenor. Protection can be further extended by condition monitoring to prevent unplanned downtime, using FAG SmartCheck vibration diagnosis in real time and by grease monitoring using easily integrated FAG GreaseCheck.

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Why Buying Non-Genuine Parts Can Cost Lives And Business https://www.australianmining.com.au/news/buying-non-genuine-parts-can-cost-lives-business/ https://www.australianmining.com.au/news/buying-non-genuine-parts-can-cost-lives-business/#respond Sun, 20 Aug 2017 23:16:21 +0000 https://www.australianmining.com.au/?p=169679 Having machinery working to its optimal performance is integral to the efficient operation of a mine, yet some are risking lives and livelihoods by buying non-genuine parts for their mining equipment. When you’ve invested hundreds of thousands – or even millions – of dollars on tough and reliable equipment for your operations, it doesn’t make … Continue reading Why Buying Non-Genuine Parts Can Cost Lives And Business

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Having machinery working to its optimal performance is integral to the efficient operation of a mine, yet some are risking lives and livelihoods by buying non-genuine parts for their mining equipment.

When you’ve invested hundreds of thousands – or even millions – of dollars on tough and reliable equipment for your operations, it doesn’t make sense to then risk the safety and productivity of it. While saving on cost is a temptation, the consequences of using parts that haven’t been thoroughly designed and tested could be disastrous, according to Atlas Copco Product Manager James Hannah.

“When machines are fitted with non-genuine parts, generally you are talking about unexpected, and possibly catastrophic failure. Just by the nature of the machinery, when a particular component fails it is quite likely that it will cause secondary damage down stream of that product.”

To educate the mining industry on the importance of using genuine parts, Atlas Copco has recently launched a new campaign called ‘Keeping It Real Genuine’, which highlights the company’s rigorous quality assurance on its parts. At the heart of the message is the safety of machine operators, something that Atlas Copco takes seriously.

“The messaging that we are trying to get across is safety, total cost of ownership and reduction of harm,” said Hannah. “We are talking about people and that is the key priority; the consideration of people. In the mining environment injury and even fatality is a huge concern, and this is one thing that equipment owners can do to ensure that not only are they protected by warranties, guarantees and engineering in the product, but they avoid situations where a faulty part can have a negative impact on people and on the environment.”

The use of non-genuine parts in mining is common due to the competitive nature of the industry. The most widely used non-genuine parts are reverse engineered, where a manufacturer takes a component and copies it. But the quality of the materials, the manufacturing process, quality insurance and inspection testing cannot be guaranteed.

“If one thing fails and it causes two other things to fail, not only have you got to replace them, you are losing time in terms of production in a mining environment,” said Hannah.

Apart from potential harm to people and associated rehabilitation costs, the environment comes in to question too. If a hydraulic system full of oil has a spill that can have an environmental impact and then there is the on-going replacement costs and even damage to a machine that may be rendered unrepairable.”

“What we try to do is inform equipment owners of the total cost of ownership – there’s an important difference between what you appear to be saving and what you are risking.

To find out more about Atlas Copco’s trustworthy equipment visit the website here.

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Metso splits minerals division into two business areas https://www.australianmining.com.au/news/metso-splits-minerals-division-two-business-areas/ https://www.australianmining.com.au/news/metso-splits-minerals-division-two-business-areas/#respond Sun, 20 Aug 2017 22:49:21 +0000 https://www.australianmining.com.au/?p=169676 Metso is restructuring its minerals business by dividing it into two new areas - Minerals Services and Minerals Consumables.

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Metso is restructuring its minerals business by dividing it into two separate areas.

The company’s minerals division will be split into new businesses known as: Minerals Services and Minerals Consumables.

Both new business areas will work in close co-operation with the Minerals Capital business to offer optimal end-to-end solutions for customers.

According to Metso, the heads of the business areas will report to the company’s president and CEO and they will be members of the executive team.

The Minerals Services business area will consist of spare parts and service solutions, as well as supporting distribution and repair centre infrastructures.

The Minerals Consumables business area will consist of wear part businesses together with the foundries and other manufacturing operations as well as supply chain infrastructure.

“The new structure will allow a natural split of the services businesses and a clearer focus to drive further growth for services in close co-operation with the minerals equipment businesses,” said Metso president and CEO Nico Delvaux.

The new organisational structure will become effective at the beginning of 2018, and the presidents of the new business areas will be nominated in the near future, Metso reported.

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