⛽ FUEL PRICES WILL MAKE MINERS UNPROFITABLE IS A MYTH
Saw on the $PAAS CEO on Soar Financially say that fuel is only %8 of their overall cost.
Be aware of HOW a company mines their projects.
Open-pit mining generally consumes significantly more fuel per ton of material moved compared to underground mining, primarily because of the vast amounts of waste material (overburden) that must be removed to access the ore. While underground mining is often more expensive overall due to labor, support, and ventilation, open-pit operations rely on massive truck-and-shovel fleets that can account for up to 22% of total operational costs in fuel alone.
Mar 23
at
9:52 PM
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