Miners say COVID-19 has accelerated move to digital, automation
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Results indicate that cut-offs for the application are presently in excess of 12 Mtpa of total earthmoving. All of the current implementations of an AHS are based in mines that exceed this amount of total material moved.
Truck count cut-off thresholds vary by payload capacity, but a minimum of six to eight trucks is generally required. In its present form, an AHS is therefore not likely to be applicable to all surface mines as scale is a key factor.
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VANCOUVER: After a nine-year lull, investors are fast-taking notice of the once-neglected precious-metals sector. Gold was among 2019’s best-performing asset classes and it was only days into the arrival of the Covid-19 pandemic before the metal regained its USD 1,700/oz footing from a low of $1,471.
On 21 April, Bank of America predicted a gold price of $3,000 per ounce within 18 months suggesting that AU could continue to outperform even if the Covid bear-market continues. In line with predicti