Search Documents

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By Richard Brummer, John Hadjigeorgiou, Patrick Andrieux

Some of the major challenges associated with underground mining at depth and/or under high extraction ratios are related to the resulting high stress levels, which can lead to the failure and collapse of the rock mass surrounding the excavations. Sudden and violent failures, which can have severe consequences, represent the highest degree of difficulty in terms of underground personnel exposure, erratic and unpredictable production, ground rehabilitation requirements, possible reserve losses and overall mining costs.

Jan 1, 2012

Many investigators measured surface forces between hydrophobic macroscopic surfaces using atomic force microscope (AFM). Some investigators observed long-range attractions and attributed them to the presence of hydrophobic forces, while others suggested that they are artifacts of the nano-bubbles and cavities associated with the hydrophobic surfaces. Still others suggested that the long-range attractions are due to the electrostatic interactions between charged patches present on opposing surfaces and hence are unrelated to surface hydrophobicity. In the present work, we have measured long-range attractions between gold- (or silver-) coated surfaces hydrophobized in potassium ethyl xanthate (KEX) solutions at pH 9.2 under controlled potential conditions. The results of our AFM force measurements are consistent with those of the contact angle and voltammetry experiments, indicating that the long-range attractions are hydrophobic forces.

Jan 1, 2012

By Y. Y. Jiao, J. G. Cai

To investigate the dimensional effect on shock wave propagation in jointed rock masses, a 2-D and a 3-D calculation of a site test are performed respectively by using Discrete Element Method, the simulated results are compared with test data. It shows that, in modelling shock wave propagation and attenuation in jointed rock masses, when the explosive along explosion chamber is long enough and the joints are dense enough or uniformly distributed, the model can be considered as plane-strain problem, 2-D results are good enough to fit with test data. 2-D modelling, with much more details of rock masses taken into account, can be applied to make critical engineering judgements instead of 3-D modelling in some cases.

Jan 1, 2003

By T. Soejima

In recent years, there has been a tendency in the field of foundation piling works to utilize piles of greater bearing capacity in order to meet increasing height and weight of modern building as a means of saving of piling cost. To satisfy these requirement, a new technique for large diameter bell bottom cast-in-place piling has been developed utilizing multi-head reverse circulation drilling system.

Jan 1, 2010

By P J. Hommert, D S. Preece

"Commercial development of the United States Oil Shale reserve will require substantial amounts of mining. In fact, even a modest 500,000 barrels per day industry requires a mining effort equivalent to nearly half of the current U.S. coal mining industry. Obviously, mining efforts on this scale will benefit from technological advances. There are a number of areas where advanced technology could impact mining. These include continuous miners, shale transport systems, and blasting. This paperexamines recent developments in computer modeling of blasting and assesses the likelihood of these advances being applied to practical oil shale mining problems."

Jan 1, 1989

By Stitt P. H

In Australia, the term "heavy mineral deposits" is used to denote sands which contain variable but economic quantities of the minerals rutile, ilmenite and zircon, often with minor amounts of monazite and xenotime as co-products. Australia has been a significant producer of rutile, ilmenite and zircon from such sands for fifty years and has long been the leading producer of rutile and zircon. The industry had its beginnings with the mining of present day beaches in northern NSW in 1934. Early work was small scale and in some cases involved hand winning of naturally concen- trated mineral for direct export. During World War II and immediately after the industry became increasingly mechanised and by the 1970s on the east coast operated between Newcastle, NSW north to Fraser Island in Queensland. Deposits worked included present day beaches, fossil strand lines up to 5 km or more inland from the present coast and aeolian concentrations. In the mid 1950s, operations commenced on the west coast of WA, south of Perth. Western Australian mineral sands tend to be rich in ilmenite as compared to the east coast. However the WA ilmenites are lower in chrome oxide and make a better syn- thetic rutile feedstock.

Jan 1, 1988

By Qing-hua Tian, Xue-yi Guo, Fei Li

A novel process for the preparation of a-Al2O3 from secondary aluminum dross was studied. Factors including alkali dross ratio, salt dross ratio, smelting temperature, smelting time, leaching temperature, leaching time, and the solid-liquid ratio, which possibly influence the transfer of Al into water were studied, and the feasibility of using seed precipitation as a treatment technology of the leachate was discussed. The optimum condition of the process was determined as: alkali dross ratio 1.3, salt dross ratio 0.7, smelting temperature 500°C, smelting time 60min, leaching temperature 60°C, leaching time 30min, solid-liquid ratio 1:4. The results show that using the seed precipitation method, the leaching of aluminum reaches 92.71%, demonstrating the technique as a feasible and effective treatment technology of the leachate.

Jan 1, 2011

By M. Mikhaylenko

Rhenium, molybdenum and tungsten are the elements demanded by high-end technologies. These metals are found in process solutions in forms of their oxyanions: ReO4-, MoO42- and WO42-. The later two can exist in forms of iso- and/or heteropolyanions. Basically all three metals demonstrate very similar chemical behavior in aqueous solutions. Unfortunately, in their mineral sources these elements commonly accompany each other, like pairs of rhenium-molybdenum or molybdenum-tungsten. Their economical separation is a challenging task.

Jan 1, 2012

By Steven D. Knudsen, Dale S. Preece

Computer modeling of the blasting process can aid in gaining an understanding of the physics controlling the process. The sequence of events in a blast occur so rapidly and in such a violent environment that measurements are still difficult to obtain. Computer modeling using a program such as DMC [Taylor and Preece, 1989a, 1989b] can provide insights into the physics of the rapid and violent events associated with a blast. DMC has been used to simulate crater blasting @‘teece, 199Oc] and the blasting of Oil Shale for modified in-situ retorting [Freece, 1990a, 1990b]. This paper will address the influence that damping has on the velocity distribution in the rock mass during the rock motion phase of a blast. Since velocity distribution is a controlling factor of muck pile shape, damping also conbibutes to muck pile shape.

Jan 1, 1992

By Richard F. Coon

Six potential locations along the west shore of Lake Mead were evaluated to site anew water intake pumping station for the SNWA. The evaluations were based upon geotechnical exploration results and conceptual intake pumping station designs. The exploration included geologic mapping, geophysical testing, underwater ROV inspections and borings. Ground surface and underground chamber pumping station designs were considered. Sites at Saddle Island, Black Canyon and Hoover Dam are geotechnically suitable. A Saddle Island site was selected because it has the most favorable conditions for the intake pumping station and the aqueduct to the Las Vegas valley.

Jan 1, 1997

By Brian W. Stump

Seismic networks provide the primary technology for monitoring compliance with a comprehensive test ban treaty. The design goal of the network is the identification of possible clandestine explosions detonated below the earth’s surface and possible in the oceans. Complementary technologies such as infrasonic, hydroaccoustic and radionucleide (particulates and noble gases) monitoring supplement the seismic monitoring covering explosions in the atmosphere and oceans. Seismic sources that will produce detectable signals will be both natural and man made in origin. Naturally occurring events include earthquakes, many of which are beneath the oceans or deeper than it is possible to drill, and volcanic eruptions. Accurate locations of such events to depths of beyond 10 km precludes consideration of these events further.

Jan 1, 1995

By Robert B. Hopler

Emplacing explosives in the borehole by bulk methods is utilized today for about 35% of all of the explosives used in the United States. Although different from today's methods, some bulk emplacement has been utilized throughout the history of explosives. This paper provides an overview of the evolution of the industry from primarily packaged to primarily bulk materials and methods.

Jan 1, 1992

By William R. Vogel

The Bureau of Mines Information and Analysis organization collects worldwide data on virtually every commercially important nonfuel mineral commodity. These data form the base for tracking and assessing the health of the minerals sector of the U.S. economy. This data collection activity was instituted by the 47th Congress in an appropriations act of August 7, 1882 (22 Stat. 3291, to place the collection of mineral statistics on an annual basis. The most recent authority for the Bureau of Mines Information and Analysis activity is the National Materials and Minerals Policy, Research and Development Act of 1980 (Public Law 96-479, 96th Congress), which strengthens protection for proprietary data provided to the U.S. Department of the Interior by persons or firms engaged in any phase of mineral or mineral- material production or consumption.

Jan 1, 1989

By L D. Queen

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Tifalmin porphyry copper district is located in the Star Mountains roughly 35 km north-east of the Ok Tedi mine. The district is a cluster of temporally and geochemically related porphyry copper deposits and their associated skarns. It covers an area of roughly 10 × 6 km and comprises at least three intrusions (Olgal, Futik and Kum Kom) where drilling has demonstrated the presence of porphyry copper mineralisation, and another three intrusions (Rattatat, Unfin and Pad 48) where porphyry copper mineralisation is strongly suggested by surface investigations and geochemical or geophysical signatures.Copper and gold mineralisation was first discovered in the area in the 1960s as part of the regional exploration program by Kennecott that located Ok Tedi. The mineralisation is associated with poly-phase porphyritic diorites, quartz diorites and tonalites that intrude the Upper Eocene to Middle Miocene Darai limestone and underlying Cretaceous to Eocene Feing Group. Radiometric K-Ar and U-Pb zircon ages cluster between 4 and 2 Ma for both the mineralised and post-mineral intrusions. In addition to porphyry-type mineralisation, variable amounts of calc-silicate and/or magnetite skarn occur near the contact of most of the intrusions. Mineralisation in the Olgal and Futik porphyries occurs as chalcopyrite replacement of mafic minerals and in a stockwork of micro-veinlets. Mineralisation mostly occurs in the intrusions but is also observed in hornfelsed siltstones and sandstones of the Feing Group on the southern margin of the Olgal intrusive body. Quartz veining is uncommon. Secondary magnetite is commonly associated with the highest copper and gold grades. Sericitic alteration is most prominent in the mineralised hornfels. Structurally, the area is dominated by syn- to post-mineralisation thrusting from the north. At least one of the deposits (Olgal) appears to be truncated at depth by a thrust fault.CITATION:Queen, L D, 2015. The Tifalmin porphyry copper gold district, Star Mountains, Western Papua New Guinea , in Proceedings PACRIM 2015 Congress, pp 357–360 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By Bruce Geller

The 2004 Prospectors and Developers Association of Canada (PDAC) conference contained an air of optimism and excitement that has not been seen since 1997. Many segments of the mining industry are alive and well. This is largely a reflection of improved metal prices, themselves due to the strong euro and improvements in Asian economies. Those factors offset higher oil prices, a weaker U.S. dollar and concerns about the Middle East. This report is an overview of the conference. It is supplemented by an examination of conference handouts, abstracts and a few complete papers that are on the PDAC’s Web site www.pdac.ca. Sixty PDAC 2004 abstracts are available at the same site, along with 15 complete papers in PDF format. The conference was held March 7-10 in Toronto, Ontario. It was attended by a record 9,200 delegates from 85 countries. About 8,000 people from 74 countries attended the 2003 conference.

Jan 1, 2004

By Richard P. Rothwell

In January last I published in the Engineering and Mining Journal a table giving, with a considerable degree of accuracy, the production of anthracite coal for the year 1874. At that time it mas impossible to give any correct estimate of the production of bituminous coal, for the returns I had been able to secure from such distant and scattered districts were not always forwarded punctually, and the work of .obtaining anything like a true estimate of the coal mined in districts from which I was unable to obtain official returns was both laborious and tedious. As will be seen from the detailed reports furnished herewith, I have succeeded in obtaining tolerably accurate returns of 20,093,704 tons; and upon careful revision by numerous well-informed local authorities, my first estimate of the amount of coal not officially returned to me has grown very considerably; indeed, as I get more information on the subject I find that our bituminous coal production greatly exceeds the amount we have been accustomed to hear it placed at, aggregating as it does, 26,465,704 tons. Mr. Andrew Roy, State Inspector of Mines for Ohio, has reported the production of Ohio at 4,168,445 tons, while his first estimates were but 3,820,000 tons; and similarly, in other cases, the more full the returns direct from the mines the more incorrect do I find all previous reports. I am able now to furnish, not an accurate statement, indeed, but by far the most full and reliable one that has yet been published of our coal production. The amount of labor involved in obtaining this admittedly imperfect report has been simply enormous. In the following tabular statement it will be perceived that Pennsylvania produces nearly one-half of all the bituminous coal mined

Permitting, engineering and evaluation, detailed design and construction aspects of the Golden Cross goldmining project in New Zealand are briefly reviewed. The extremely lengthy and complicated governmental approval process together with the delaying tactics of opponents of the project are outlined and comment is made on aspects of the draft legislation proposed as part of the overhaul of New Zealand's resource management laws.

Jan 1, 1990

The only significant iron ore deposit in Hungary could be found in Rudabánya. The mine was closed in 1986. The area of Rudabánya was always the home of heavy mining activity. In former times, mainly silver and other non -ferrous metals were excavated.

Jan 1, 2011

By Burton J. Thamer

Radon emanation coefficients of 0.02 to 0.55 were measured at moisture contents ranging from dry to saturation in eighteen different ores. The emanation coefficients rose from a minimum when dry to a plateau usually starting at 5-20 percent of saturation. A model, using measured pore-size distributions, suggested that the radium mineralization may be confined to annular layers about 0.02 micrometers thick around pores. Radon's diffusion coefficient was determined as a function of moisture. The techniques involved comparing a disc's exhalation as a function of time whether or not the disc had a distributed source. The model was free of approximations and included the effects of porosity and adsorption. An increase of diffusion coefficient with moisture for one or two ores was explained in terms of a model's equation for the diffusion coefficient in terms of both volume and surface diffusion. Radon's adsorption coefficient was determined on a uranium ore.

Jan 1, 1981