What is a pip in FX?

What is a pip in FX? Pip is an acronym for “percentage in point” or “price interest point.” A pip is the smallest price move that an exchange rate can make based on forex market convention. Most currency pairs are priced out to four decimal places and the pip change is the last (fourth) decimal […]

What is a tailing basin?

What is a tailing basin? Tailings basin means a natural or artificial impoundment in which gangue or other refuse material resulting from the washing, concentration or treatment of ground taconite iron ore is confined. What is the purpose of tailings? Tailings are the waste products from mining. Mechanical and chemical processes are used to grind […]

What is a kelly bar?

What is a kelly bar? Kelly bars (also called grief joints, kelly joints and kelly stems) are used during the execution of boreholes by hydraulic rotary drilling rigs. The bars themselves are hollow and attach to the top of the drill column. Many kelly bars can be applied to any type of piling rig that […]

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