Data Mining Explained

Overview

Data mining is the crucial process of extracting implicit and possibly useful information from data. It uses analytical and visualization techniques to explore and present information in a format which is easily understandable by humans.

Data mining is widely used in a variety of profiling practices, such as fraud detection, marketing research, surveys and scientific discovery.

In this article I will briefly explain some of the fundamentals and its applications in the real world.

Herein I will not discuss related processes of any sorts, including Data Extraction and Data Structuring.

The Effort

Data Mining has found its application in various fields such as financial institutions, health-care & bio-informatics, business intelligence, social networks data research and many more.

Businesses use it to understand consumer behavior, analyze buying patterns of clients and expand its marketing efforts. Banks and financial institutions use it to detect credit card frauds by recognizing the patterns involved in fake transactions.

The Knack

There is definitely a knack to Data Mining, as there is with any other field of web research activities. That is why it is referred as a craft rather than a science. A craft is the skilled practicing of an occupation.

One point I would like to make here is that data mining solutions offers an analytical perspective into the performance of a company depending on the historical data but one need to consider unknown external events and deceitful activities. On the flip side it is more critical especially for Regulatory bodies to forecast such activities in advance and take necessary measures to prevent such events in future.

In Closing

There are many important niches of Web Data Research that this article has not covered. But I hope that this article will provide you a stage to drill down further into this subject, if you want to do so!

Should you have any queries, please feel free to mail me. I would be pleased to answer each of your queries in detail.

Source: http://ezinearticles.com/?Data-Mining-Explained&id=4341782

Know the Different Types of Mining Processes

Mining has become a controversial industry because of its "devastating" effect to the environment and the ecosystem. However, it has contributed so much to civilization that without it, we could never be where we are today in many aspects.

There are two basic methods of mining. These are the surface and the underground mining processes:

1. Surface Mining

This involves the mining of minerals located at or near the surface of the earth. This encompasses at least six processes and these are:

• Strip Mining - this involves the stripping of the earth's surface by heavy machinery. This method is generally targeted at extracting coal or sedimentary rocks that lay near the earth's surface.

• Placer Mining - this involves the extraction of sediments in sand or gravel. It is a simple, old-fashioned way of mining. This method is generally applicable to gold and precious gems that are carried by the flow of water.

• Mountain Top Mining - this is a new method which involves blasting of a mountain top to expose coal deposits that lie underneath the mountain crest.

• Hydraulic Mining - this is an obsolete method that involves jetting the side of a mountain or hill with high pressure water to expose gold and other precious metals.

• Dredging - it involves the removal of rocks, sand and silt underneath a body of water to expose the minerals.

• Open Pit - this is the most common mining method. It involves the removal of the top layers of soil in search for gold or buried treasure. The miner digs deeper and deeper until a large, open-pit is created.

2. Underground Mining

This is the process in which a tunnel is made into the earth to find the mineral ore. The mining operation is usually performed with the use of underground mining equipment. Underground mining is done through the following methods:

• Slope Mining - it involves the creation of slopes into the ground in order to reach the ore or mineral deposit. This process is generally applied in coal mining.

• Hard rock - this method uses dynamite or giant drills to create large, deep tunnels. The miners support the tunnels with pillars to prevent them from collapsing. This is a large-scale mining process and is usually applied in the extraction of large copper, tin, lead, gold or silver deposits.

• Drift mining - this method is applicable only when the target mineral is accessible from the side of a mountain. It involves the creation of a tunnel that's slightly lower than the target mineral. The gravity makes the deposit fall to the tunnel where miners can collect them.

• Shaft method - this involves the creation of a vertical passageway that goes deep down underground where the deposit is located. Because of the depth, miners are brought in and out of the pit with elevators.

• Borehole method - this involves the use of a large drill and high pressure water to eject the target mineral.

These are the basic methods used in the extraction of common minerals. There are more complex systems, but still, they are based on these fundamental processes.

Source: http://ezinearticles.com/?Know-the-Different-Types-of-Mining-Processes&id=7932442

Uranium Mining Revival in New Mexico through Solution Mining

"We've got to get quickly on a track to energy independence from foreign oil, and that means, among other things, going back to nuclear power," U.S. Senator John McCain (R-AZ) recently told Fox News. U.S. Sen. Pete Domenici (R-NM) invited Louisiana Enrichment Services (LES) to build a gas-centrifuge uranium enrichment facility near Hobbs, New Mexico. The facility is currently undergoing the permitting process. Southwest Research and Information Center's Annette Aguayo told us the group planned to begin working on stopping that project. Some environmentalists remain behind the times.

Other environmentalists, who led before, are leading again. James Lovelock, the spiritual guru of the world's environmental movement, sometimes called the "Father of the Green Revolution," because of his research and widely embraced warnings on DDT and CFCs, wrote in Reader's Digest, (March, 2005), "The figures show that many people's fears of nuclear energy are unreasonable." Dr. Lovelock also said "the Greens are plain wrong to oppose it." In May, 2004, Lovelock wrote, "Nuclear power is the only green solution."

New Mexico is primed for a uranium revival, not with conventional mining, but with ISL operations. The in situ leaching method, also known as solution mining, is environmentally friendly. Because it is low cost and does not contaminate the environment in ways that uranium mining did in the 1950s, many uranium companies plan to use this safer method for mining uranium in New Mexico.

In a conversation, late last year, with Grants Chamber of Commerce and Mining Museum employee Barbara Hahn, a deep resentment resounded in her voice when talking about the collapse of the uranium mining business in the 1980s. Grants (NM) was a boom town, during the 1970s uranium boom, when spot uranium prices climbed, and stayed above $40/pound. "Grants replaced the lost mining jobs by opening prisons," she told us. "Now, others bring us their prisoners." Ms. Hahn believed only 35 percent of the uranium had been extracted from the Grants Mineral Belt. "Most of it is still there," she added. According to a McLemore and Chenoweth geological report, a resource of 558 million pounds (279,000 short tons) might still be extracted. The question in the 1980s as it is today revolves around the spot price of uranium.

The higher the spot price of uranium, the more economic it can be to mine. As the price of uranium rises, then the quantity of an economic resource increases. At $30/pound, the U.S. Energy Information Administrated reported the state of New Mexico held 84 million pounds of uranium oxide, grading 0.28/ton, as of Dec 31, 2003. However, at $50/pound uranium, that quantity would jump to 341 million pounds. The spread on the gross value of the uranium assets between those price levels is nearly $15 billion! As the spot price escalates, the economic reserves grow.

Said William Sheriff, Director of Corporate Development for Energy Metals (TSX: EMC), "Our long-term, big, big projects are going to be in New Mexico. Long term, we think New Mexico is going to be quite valuable to us." He explained his company's plans are to first develop production centers in Texas and Wyoming, before developing ISL operations in The Enchanted State. Sheriff added, "Nothing in New Mexico in terms of the first five years, but that's not to say we're going to sit idly by. We're going to be aggressively pursuing these. The only thing we're going to be pursuing is ISL production." Based upon the company's extensive acquisitions in Wyoming, New Mexico and elsewhere, Sheriff threw down the gauntlet at Cameco and Cogema, whose ISL operations in Wyoming contribute the largest share of U.S. uranium production, "We intend to become the largest ISL producer in the United States."

David Miller, President and Chief Operation Officer of Strathmore Minerals, (TSX: STM; Other OTC: STHJF), believes, "The ISL production method will continue to grow in the United States, but we will also see a return to conventional mining and milling in the western states." In addition to their Wyoming uranium properties, Strathmore hopes to move forward their Church Rock uranium property on the heels of Uranium Resources' (OTC BB: URRE) permitting on Section 17, held by their HRI subsidiary. Basically, all three companies are friendly neighbors in the area. There is evidence they frequently talk among themselves, comparing notes. The three uranium juniors appear to be the current major players in New Mexico for ISL uranium mining.

Ron Driscoll, one of the co-founders of Quincy Energy, which has been acquired by Energy Metals, said, "It will get interesting when the oil companies get involved again." It is probably early for the oil giants to rush back into uranium. In the last uranium boom, many of the major oil companies were leaders in the uranium exploration and mining. Kerr-McGee Nuclear was the number one private sector uranium producer in the world. Other major oil companies involved in uranium mining and exploration included Mobil, Phillips, Conoco, Exxon, Chevron, Amoco and others. Another of the recently arrived uranium juniors, Max Resources (TSX: MXR) also plans to drill at the other end of New Mexico, in Socorro County (about 100 miles south of Albuquerque). MXR's property was once drilled by OxyMin, a subsidiary of Occidental Petroleum, during the 1980s, before the price of uranium fell off a cliff.

Perhaps, one major company will emerge in New Mexico, consolidating the others, or some of the others. "There's a huge number of small uranium plays in the North American market that need critical mass," Neal Froneman, CEO of Uranium One (TSE: SXR) recently told a South African newspaper. "Consolidation will drive our business in the US and Canada, where we think it's tactically smart to be." Uranium One was itself a consolidation between Toronto-based Southern Cross and South African-based Aflease. Froneman concluded, ""It makes sense to have a major presence in North America in order to supply the (U.S.) utilities that will need to be built."

"The geology for this area, with regards to ISL uranium operations, could help make New Mexico an important supplier to U.S. utilities, possibly before the end of this decade," Strathmore's David Miller agreed. "I would not be surprised at all if there were more uranium to be found in New Mexico than is currently estimated. That's why companies have exploration programs." From a state, which has produced over 300 million pounds of uranium, and which may have between 300 million and 600 million additional pounds of uranium, New Mexico will be a prime target for uranium companies as long as the price of uranium continues to rise. Will uranium crash and burn, as it did in the 1980s? After accurately predicting the spot price of uranium would double in a StockInterview feature in June 2004, Miller recently told StockInterview, "I wouldn't be surprised to see the price double again."

Source:http://ezinearticles.com/?Uranium-Mining-Revival-in-New-Mexico-through-Solution-Mining&id=179129

CSR in the Extraction Sector

A study commissioned by the Canadian Mining industry found that Canadian mining companies were involved in 4 times as many mining "incidents" as companies from other countries. The study was intended for internal consumption only but has been leaked to the press recently. The study found that Canadian mining companies were involved in nearly two thirds of the 171 "high profile" environmental and human rights violations it studied occurring between 1999 and 2009. Members of the mining industry pointed out that the occurrences are in proportion to their representation on the global mining scene, indicating that they were no better or worse than companies from other countries.

First some background on the study. The study findings were captured in a report titled "Corporate Social Responsibility & the Canadian International Extractive Sector: A Survey". The report was prepared for the Prospectors and Developers Association of Canada (PDAC) by the Canadian Centre for the Study of Resource Conflict (CCSRC). The purpose of the study was to measure the level of Corporate Social Responsibility (CSR) in the "extractive" sector. The extractive sector, for those of us untutored in the terminology means exploration, gas, oil, and mining companies. The document leaked to the press was a first draft of the report, not the final draft. I should also mention that there is a bill, C-300, before the Canadian parliament which would make financing for foreign ventures contingent on meeting federally defined CSR standards. The exploration, gas, oil, and mining companies, and the organizations which represent them are very much against this bill. Leaking the negative aspects of this report was fortuitous for those in support of bill C-300 and disastrous for those opposed to it.

One of the observations the report makes is that adoption of formal CSR policies by companies with international interests is "remarkably low", but that those companies which have adopted CSR policies have experienced positive outcomes. The CCSRC contacted 584 companies which they felt met their criteria to participate in the study. Of those, 202 chose to participate. The first survey question was "Do you have a CSR policy or Code of International Business Conduct?" 56 of the 202 companies had documented policies in place. The study broke the 202 companies they surveyed into "junior" and "major" companies. 50% of the companies designated as major had documented CSR policies while only 21% of junior companies had one.

The survey also asked about the positive effects of a CSR policy. 24% of respondents claimed a reduction in conflicts or complications, 62% claimed better community relations (relations with the communities they were doing business in), and 25% reported increased shareholder interest. On the downside, 24% reported increased administration costs and 25% reported increased operating costs. One question they failed to ask was whether the benefits outweighed the costs.

The information I've stated in the preceding 2 paragraphs was gleaned from the final draft of the report. I don't have access to the first draft but apparently it described some of the 171 violations they were addressing in the study. I reported on one such violation in Project Management Tips section of this web site under the title "CSR Problems". The incidents reported on reflect the difficulty faced by companies who conduct business in some international locations. These incidents juxtapose our Canadian values and ethics with those of the countries our exploration, gas, mining, and oil companies do business in. One incident reported on, and attributed to the mining company's lack of CSR by the media, pitted one host community against another with the resulting violence blamed on the Canadian mining company. I'm not suggesting here that these companies have not made mistakes in the past, or that improvements cannot be made in their CSR efforts, I am suggesting that we should have realistic expectations about the effectiveness of a CSR policy to prevent any problems in a foreign venture.

A reasonable expectation in some cases would be that the company have a documented CSR policy which conforms to the standards and ethics of this country (Canada), abides by the laws of the host country, and conforms to the standards and ethics of the host country. The expectation should be tempered with the acknowledgment that the operating environment these companies encounter in host countries can be radically different than that found here. For example, when one community is in conflict with another over whether a mining operation should take place, we tend to look to non-violent forms of dispute resolution where some countries may resort to extreme violence to settle the dispute. Canadian companies frequently hire locals as security guards to protect their property as local authorities cannot perform this duty for one reason or another. It is reasonable to expect the hiring company to do its due diligence in hiring these people to ensure they don't create a threat to the surrounding community. It is not reasonable to expect that there will be no conflicts arising out of these situations. Where it is suspected that a security guard overstepped their authority, or engaged in illegal behaviour, it is reasonable to expect the employer to cooperate with the local authorities in the investigation.

North American companies doing business internationally have long had to deal with conflicts between acceptable corporate behaviour in their own country and acceptable behaviour in the host country. Bribery is the classic example. There are countries where bribery is not only accepted but essential to conducting business. Our laws will convict anyone proved to have offered a bribe but failure to pay the bribe may result in a failure to perform on the part of the North American company. Failure to perform might result in the loss of all or part of the company's investment in the project. Holding a company to this type of double standard can only result in one of 2 outcomes: the company will break the rule against bribery, or the company will cease to do business in that host country.

Since this web site is aimed at the project management community, let's draw some conclusions from the survey and CSR in general that may help project managers. The first conclusion I would draw from all of the above is that the CSR policy that governs your project must describe achievable goals. By this I mean that the goals, objectives, and standards stated in the policy must be within the project's power to achieve, or comply with. The second conclusion is that the right CSR policy carefully implemented can provide a business benefit to the organization. It is the project manager's job to ensure that those benefits are realized.

The goals and objectives of the project must include goals and objectives in support of the CSR policy. Those goals and objectives should be spelled out in the Project Charter and the connection between those goals and objectives and the CSR policy clearly defined. Make sure that the CSR related goals and objectives you set for the project are clearly defined, measurable, and obtainable and then agree with your stakeholders on the conditions that will indicate the goals have been met. Check for CSR policy goals and objectives that might conflict with each other and any of your project's goals and objectives, both CSR related and non-CSR. Goals and objectives you feel might conflict with each other, or with the CSR policy should be resolved by senior management. Start your escalation by drawing the project sponsor's attention to the conflict and ask for their help with resolution.

Source: http://ezinearticles.com/?CSR-in-the-Extraction-Sector&id=5675024

The Equipment Used in Mining

Bureau of Labor statistics reported that there are five major segments in the mining industry. They are gas and oil extracting, coal mining, non-metal mineral mining, metal ore mining and the supporting activities. In this matter, each segment might need different equipment. But, there are some types of mining equipment that are used by all segments of the mining industry.

Excavators

Excavators are types of equipment that are used by the miners to break and remove soil today. Traditionally, they used steam shovels and shovels to do the jobs. An excavator is a vehicle that moves with standard wheels or moves on tracks. There is a rotating platform and a bucket to its end for digging the soil.

Draglines

Draglines are very big earth moving machines that are used in mining industry. These machines are used to expose the underlying mineral deposits. These are also used to drag away the dirt. The Kentucky Coal Education said that draglines are one of the largest machine in the world. These can remove several hundred tons of the material in one pass.

Drills

Drills are very important for miners that extract natural gas and oil. Miners use these machines to reach underground deposits before they pipe the resources to the surface. Instead of being used in gas and oil mining, these machines are also used to mine coal and mineral.

Roof bolters

These machines are used to prevent underground collapses when the mining process is in progress. These are also used to support the tunnel roofs in mining location.

Continuous miners and longwall miners

These machines are usually used by subterranean coal miners. These machines are used to scrape coal from the coal beds. Meanwhile, the longwall miners are machines that are used to remove large, rectangular sections of coal instead of scraping coal from a bed.

Rock duster

These are pressurized pieces of equipment that are used in coal mining to spray inert mineral dust over the highly flammable coal dust. This inert dust will help prevent accidental explosions and fires.

Source:http://ezinearticles.com/?The-Equipment-Used-in-Mining&id=5633103

Junk Car Removal Services: Lucrative Way to Bid Farewell to Scrap Cars

Are your still wondering if it is the time to call a junk car removal company?

Well, you should call a reliable scrap car removal company, when any one of the below situations is true:

- Your car has a very low trade-in value

- Despite repeated repairs, your car is not working well.

- The vehicle has been in an accident and declared a total loss.

- When you think of selling it, you hardly find any positive points to sell it for a substantial price.

- Your car has become a stationary object.

There are many important benefits of hiring scrap car removal services

- Get a good amount of cash

It may come as a surprise, but your useless car can fetch you a handsome sum. The junk car removal companies will always find something worthy of attention in your piece of junk. In fact, these companies have numerous uses for your car.

They can repair and reuse the broken-down parts of the cars. In case, your entire car has turned into scrap then too, you should contact a junk car removal company. It will save you from being duped.

These companies have experts, who can find multiple utilities for your car and quote a suitable price, accordingly.

If you try to sell your car to a scrap dealer, then you will get the price of scrap and not of the car.

- Sell any model from anywhere

A junk car removal company will never be choosy regarding the make of the car. Other alternatives like the towing companies have a definite list of models of cars that they tow. In case your vehicle does not belong in the list, then they will refuse you out rightly.

Moreover, towing companies do not have the expertise or equipment to work under challenging situations. For instance, if your scrap car has been parked for long and is stuck in debris, then a towing company may not be able to help you.

On the other hand, a junk car removal company is well equipped with work force, and the latest technology to deal with every situation.

It will reach your junk car and tow it away. When you call them for fixing an appointment, they will ask you what the destination of the car is. Provide them with the details. Then, just wait for them to arrive and help you in getting rid of the scrap.

You may have the latest model or an old one, if your car is not living up to your standards, then it is time to call the junk car removal company.

- Fix timing at your convenience and receive prompt services

When you have decided to sell your junk car to a company, you can enjoy the liberty of carrying out the transaction any time you want.

Yes, being the owner of the car, you are free to decide the timing of its pick-up. The scrap car-removal companies are very particular regarding timings.

- Environment-friendly option

The junk car removal companies adopt an earth-friendly approach while getting rid of the junk cars. A trash car pollutes the environment by releasing harmful gases. The companies ensure that every car that it has picked goes through several levels of checks.

During the process, all the parts, which can be reused in any form, are extracted and recycled. Only those parts, which cannot be put into use, in any form, are taken to the junk yard.

Thus, by opting for a scrap car removal company, you are saving the environment and helping in keeping your surroundings clean and healthy.

Source: http://ezinearticles.com/?Junk-Car-Removal-Services:-Lucrative-Way-to-Bid-Farewell-to-Scrap-Cars&id=7206487

Dear Donna: Tread Lightly When Suggesting 'Man-Scaping'

Dear Donna,

A man I recently began dating needs some "man-scaping." I would find him much more appealing if he trimmed the hair in his ears and nose and on the back of his neck. He has hinted that he is buying me something for Valentine's Day. Do you think it would be appropriate to buy him a gift certificate to a spa and tell him he could benefit from some "man-scaping?" - Anonymous

Dear Anonymous,

Since Valentine's Day is about love and romance, I would not put the focus on "man-scaping" by buying him a gift certificate to a spa. There is no easy, tactful way to suggest to someone that they do something about ear and nose hair. One day when you are sitting close to him, whisper in his ear, "I think you could use some "man-scaping." After you explain what "man-scaping" is, be ready with the card to the spa.

Dear Donna,

I am in my 40s, single and dating for the past five years. I meet men mostly through friends, work and online. The last two men I met assumed we would split the bill after lunch or dinner. The first one caught me off guard so I paid. I also immediately decided I would not see him again. The second added up my half of the bill and asked me what kind of tip I thought was appropriate. I told him I thought he should pay, and the date went downhill from there. Whatever happened to the gentleman pays? - Sarah

Dear Sarah,

This is a side effect of online dating. When you are meeting multiple women, it can be expensive to always be the one paying. If you are meeting someone for the first time, keep it simple. Agree to meet for one hour and not over lunch or dinner. Most men do not expect a lady to split the cost of a cup of coffee or a glass of wine. Bottom line, if he is interested in you, he gladly will pay.

Source:http://gazette.com/dear-donna-tread-lightly-when-suggesting-man-scaping/article/1545611