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Terms Beginning with L
                       
                       
 Labor force participation rate   Leucopenia   London Good Delivery Standards  
 Large Deductible Policy   Leverage Adjusted Duration   Long-Term Total Return  
 Laws   Leverage Ratio   Longterm debt to Equity Ratio  
 LDL   LIBOR   Loss And LAE Ratio  
 Leach Stockpiles   Life Underwriting Income   Loss Reserve Development  
 Leaching   Life-of-Mine   Loss Reserves  
 Lead   LIFO   Losses  
 Lead Concentrate   Light Crude oil   Losses Incurred  
 Leased Department Retail   Light Sweet Crude Oil   Lysate  
 LED Light Emitting Diode   Lloyds   Lysates  
                 
                   
 
 
       
       
 

Life-of-Mine

Manufacturing Term


Life-of-Mine (LOM) is a term used in the mining industry to describe the expected length of time that a mine will be active and productive. It is the estimated time that an ore deposit can be economically exploited and a mine can remain profitable. LOM planning is done using advanced software to help mine designers create models that show how different mining factors will impact the ore grades and potential revenues over time.

LOM is an important concept for the manufacturing industry, as it provides critical data on how long the supply of raw materials will last and when additional resources will be needed. Manufacturers use LOM planning to determine the optimum timing for investments in new mines and exploration activities. This is important since it helps to prevent costly supply-chain disruptions and reduce the risk of running out of essential materials.

Moreover, LOM planning can also help manufacturing companies in optimizing their production plans, enabling them to improve their planning accuracy, making sure that they would use the resources efficiently and meet the demands on time. This further results in improved operations, reduced costs, and increased profits, offering manufacturers an advantage over their competitors.

In summary, LOM is an essential term for mining and manufacturing industries that enable to plan and optimize production and supply chain strategies that ensures transparency in the production cycle and efficient management of resources.


   
     

Life-of-Mine

Manufacturing Term


Life-of-Mine (LOM) is a term used in the mining industry to describe the expected length of time that a mine will be active and productive. It is the estimated time that an ore deposit can be economically exploited and a mine can remain profitable. LOM planning is done using advanced software to help mine designers create models that show how different mining factors will impact the ore grades and potential revenues over time.

LOM is an important concept for the manufacturing industry, as it provides critical data on how long the supply of raw materials will last and when additional resources will be needed. Manufacturers use LOM planning to determine the optimum timing for investments in new mines and exploration activities. This is important since it helps to prevent costly supply-chain disruptions and reduce the risk of running out of essential materials.

Moreover, LOM planning can also help manufacturing companies in optimizing their production plans, enabling them to improve their planning accuracy, making sure that they would use the resources efficiently and meet the demands on time. This further results in improved operations, reduced costs, and increased profits, offering manufacturers an advantage over their competitors.

In summary, LOM is an essential term for mining and manufacturing industries that enable to plan and optimize production and supply chain strategies that ensures transparency in the production cycle and efficient management of resources.


Related Manufacturing Terms
                     
                     
 Aggregates   Backlog   Casting Metal  
 Agitation Leach Plant   Bauxite   Cathode  
 Alloy   Bayer Process   Caustic Soda  
 Alumina   Beneficiation   Coating  
 Aluminum   Blast Hole Open Stoping   Cobalt Co  
 Anode   Blasting   Copper  
 Anode Furnace   Blister Copper   Copper Anode  
 Anode Slime   Block Cave   Copper Cathode  
 Anti-Oxidants   By Product   Copper Concentrate  
 Asbestos   Calcined   Cordless and VoIP  
               
                  next arrow
 
   


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