Funds cut copper bets by $20 billion as bull trade unravels
Mounting worries about Chinese demand are helping to spark a rapid exodus from copper.
The “TechGorMet-21 Century” Conference, took place in St. Petersburg, Russia on November, 14-16, 2012. The underlying theme for this conference was “New Technologies for Mineral Extraction and Processing Control”. Over 200 people from over 12 countries participated in this International Scientific and Practical Conference. During the conference various issues were discussed such as process and production control systems in mining and industrial safety systems.
Meir Dubinsky, Chief Operating Officer of Eurotire, supported the event with a Eurotire sponsorship while Mike Bloor, Commercial Director at Eurotire, was among the honored delegates selected to
Mike Bloor, Eurotire
share beneficial information to an audience made up of potential clients and existing Eurotire customers who were anxious to learn more about technologies which assist in running more efficient mine operations, eg: man less mines. In his “Too Big to Fail” presentation, Bloor stressed the importance of developing a “smart service” methodology that is aimed to decode mine site data into corporate level KPI dashboards for use in the boardroom.
Bloor began by relaying astonishing figures on tire production. He indicated in actuality, it takes a full year’s production and about 400 trees to make ONE large mining tire for the 220-ton mining truck. He went on to state that within a couple of hours of improper tire handling, mining companies can waste many natural resources if they approach the product with a “tires are just consumables” attitude — as well as human labor and transportation costs. Moreover, Bloor advocated the use of Smart Service technology in managing today’s mines “from the boardroom” as well as other benefits realized when taking advantage of Eurotire’s Eurocare program. Bloor further explained that Smart Service technology focuses on monitoring a customer’s valuable assets, their OTR tires, remotely. Previously, these assets were left unmonitored causing huge, unnecessary, financial burdens.
Many delegates and organizers stressed Mr. Bloor’s presentation was one of the most informative and interesting during the conference. Eurotire continues to illustrate a passion to go Beyond Boundaries in an effort to keep changing the status quo in the Mining Industry.
About Eurotire: OTR mining tires are Eurotire’s business, their only business. Focusing on the world’s emerging mining markets, Eurotire designs, manufactures, and provides full life-cycle management to maximize the efficacy of each bias ply and all steel radial tire for haul trucks, wheel loaders, and other heavy support trucks. Eurotire operates offices on five continents, including some of the most remote and demanding surface mining applications. For information, please visit: www.eurotire.net.
About G. V. Plekhanov Saint Petersburg State Mining Institute and Technical University: The University is Russia’s oldest higher education institute devoted to engineering. Located in Saint Petersburg <http://en.wikipedia.org/wiki/Saint_Petersburg>, the institute is one of the oldest mining schools in Europe, and home to one of the world’s finest and most exclusive collections of gem and mineral samples. The Institute was founded on 21 October 1773. This year marked the 236th class of graduates with over 3,000 students graduating!
