Mining equipment

Definition and stakes

Arthur J. Hoskin,  The Business of Mining

“ Often much of the equipment of a mine can be moved and used again. When a mine is known to be nearing its finish, there is a hesitancy on the part of the owners in replenishing the equipment and sometimes the mining is kept up through the use of worn-out, inefficient apparatus when, were the owners expecting to continue mining, they would purchase and install the new equipment when it is needed. ”
Source: Gutenberg

Herbert Hoover,  Principles of Mining: Valuation…

“ Few mines, at the time of initial equipment, are developed to an extent from which their possibilities in production are evident, for wise finance usually leads to the erection of some equipment and production before development has been advanced to a point that warrants a large or final installation. Moreover, even were the full possibilities of the mine known, the limitations of finance usually necessitate a less plant to start with than is finally contemplated. Therefore output and equipment are usually growing possibilities during the early life of a mine. ”
Source: Gutenberg

Arthur J. Hoskin,  The Business of Mining

“ However, the faith of some men is placed [123] in those mines that may be operated upon very large scales for long periods even if the profit per ton be very small. With a large plant, the unit of expense, i.e., the cost of mining per ton, is less than with a small mine. With the assurance of regular outputs of ore of a reasonably uniform grade, the milling equipment can be planned to handle a mine's product to the greatest advantage. The Alaska-Treadwell Mine, on Douglas Island, is an instance of a splendid property that has been continuously operated for about a third of a century. ”
Source: Gutenberg

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