Recently, Lomon Mining announced that it obtained the first
prize for the technical innovation project “research on efficient and green
recycling processes and technology for mining vanadic titano-magnetite.”
For vanadic titano-magnetite mining in the Panxi District of Sichuan Province, using appropriate
technology to choose high-quality mining locations is becoming difficult, as
unmined ore is becoming harder to detect. In particular, ore dilution rate is
continuously increasing, and ore is of weaker magnetism and of higher
coercivity. The main problem is that the sought ore has relatively weak ferrous
properties, making it difficult to detect from above ground, and the cost of finding
a mining location through selective grinding is high.
Therefore, Lomon Mining plans to work together with
Beikuang Technology Co. Ltd. in order to make swift and effective choices for
mining locations. The two companies have researched mechanisms specifically for
detecting vanadic titano-magnetite from above
ground and have invented theoretical models for detecting
certain ores using high frequency magnetic field waves.
Collaborative
technology leads to gains in mining yield and increases in efficiency
By implementing the technology created as a result
of this collaboration, Lomon Mining’s iron ire yield has increased by 11%;
titanium ore yield has increased by 14%; flotation agent consumption has
decreased by 8%; the cost of obtaining iron ore has decreased by 18%; the cost
of obtaining titanium ore has decreased by 14%.
Furthermore, 98.7% of ore mined in 2019 was successfully
extracted. Mine location selection has also been more successful; extracted
iron ore had a recovery concentration of 64%, an increase of 3% compared to the
previous year; extracted titanium ore had a recovery concentration of 57%, an increase
of 20% compared to the previous year; the utilization rate of mined titanium
ore was 32%, an increase of 10% over the previous year. As a result of this
partnership, Lomon Mining has become an industrial leader in terms of ore
extraction, successful mining location selection, and return on investment.
New
technology reduces mining waste and promotes eco-friendly industry
In addition, this collaboration has spurred an
advance in cutting-edge technology for vanadic titano-magnetite
mining. Though recent technological advancements,
over 40% of low-quality ore from one of Panxi’s open mines was successfully
refined into usable material. This has effectively resolved Panxi’s problems of
the low usability rate of the ore from its vanadic titano-magnetite
mines, the low quality of ore extracted, and the high cost of extracting ore.
These new technological advancements will make
Chinese vanadic titano-magnetite mining
technology among the best in the world, and China will become a leader in the
industry. As the mining project in the Panxi District continues to implement
new technology, it is expected that an average of two million fewer tons of
waste rock will be extracted per year, and approximately three million tons
more of usable ore per year will be obtained. These technological advancements
will have an abundance of positive effects on the economy and on society.
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