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By Thomas D. Kaufmann

Whether pursuing hedging or speculative strategies, gold miners can increase sales revenues 1 % to 6% by constantly pricing production forward. Unlike other commodities, gold futures prices are consistently higher than spot prices. A Colorado School of Mines study showed theoretically and empirically that in the 15 years since the price of gold was released from government control, the forward price for gold has been higher than the current price almost 100% of the time. The reason why Metal traders know that holders of metal earn a bonus selling forward when the metal is in "contango." "Contango" is a mysterious word that crept into the trading vocabulary a century ago. It designates a situation when the price of a metal on the futures markets is higher than the price in the immediate or spot market. If the spectrum of spot and futures prices remains static over time, the forward seller who has contracted at a higher than spot price can make a profit equal to the contango by redeeming his commitment at the lower spot price when the contract matures. Consequently, when a seller in a contango market hedges, he makes a profit on the transaction in addition to avoiding a price change risk. On the other hand, buyers of the metal who hedge in a contango situation will sustain a loss equal to the contango. Producers of gold, however, are sellers of gold. For most metals and oil, there is no inherent reason why futures prices should be higher than present prices. Buyers and sellers decide that the price of the commodity will be lower or higher than present values for a variety of reasons.

Jan 1, 1991

By D. M. Thayer

Laboratory and pilot plant investigations have indicated that copper recoveries of 50% can be achieved with fine grinding and flotation of a copper reverberatory furnace slag, Microscopic and microprobe studies indicate that the recoverable copper is in the form of matte, chalcocite, and metallic copper; the percentage of copper in particles appearing to be copper-free was from 0.23 - 0.54%.

Jan 1, 1969

By R. K. Singhal

In an underground coal mining environment, a frictional ignition may be defined as the ignition of an explosive air/ methane/coal dust mixture by mining machinery. As the use of power loading equipment has become more widespread, frictional ignition incidents have increased. There have been many fatalities and injuries from this cause including the death of eleven miners in Sydney coalfield of Nova Scotia, Canada in 1979. This paper reports on the findings of a preliminary study carried out under the auspices of the Coal Research Laboratories, Department of Energy, Mines and Resources Canada. The objective of this study has been to identify a Longwall face cutting system that is inherently safer than the conventional shearer loaders used in Nova Scotia.

Jan 1, 1985

By Gerrit V. R. Goodman, Edward F. Divers, Charles D. Taylor

Future mining systems will possess the ability to cut from crosscut to crosscut where advances could exceed 30.5 m (100ft). However, limitations arise when ventilating such mining systems. In deep advance mining, there will be no workers at the face to manually advance ventilation tubing or curtain. Additionally, traditional methods provide no means for maintaining face ventilation after the miner backs out. Problems such as these have suggested the need for innovative ventilation methods compatible with deep advance mining systems. The Bureau of Mines is currently considering a number of innovative ventilation schemes. One such method is the use of a jet fan to ventilate a deep cut. A jet fan is simply a freestanding fan using little or no ducting to direct the ventilation flow. Previous testing in large metal-nonmetal mine entries showed that jet fans provided adequate face ventilation for deep advances in large headings. Current testing will determine the application of jet fans in ventilating smaller coal mine entries. Another approach considered compatible with deep advance mining will use either exhausting or blowing tubing that can be remotely extended from crosscut to crosscut. During the mining cycle, such a device would extend automatically as the miner sumps into the face. The Bureau of Mines is considering several different operating designs using this tubing.

Jan 1, 1991

By Rick Bearce, Minsu Cha, Mike Mooney, Yuanli Wu, Lisa Mori

"Proper soil conditioning is critical for effective earth pressure balance (EPB) TBM tunneling. Chamber pressures can reach 3-5 bar yet the vast majority of testing is performed under atmospheric conditions. This paper illustrates how pressure influences foam stability and conditioned soil behavior, and how atmospheric test results must be viewed in the context of expected chamber pressures. Torsional shear strength, compressibility and abrasivity of foam conditioned sand were found to be ideal when the void ratio was above the ASTM-determined maximum void ratio, achieved by sufficiently expanding the soil grain structure with foam, herein when the foam injection ratio at pressure exceeded 45%. Otherwise, the engineering properties of foam conditioned sand were not ideal, i.e., appreciable torque and abrasivity, low compressibility. INTRODUCTION Proper soil conditioning is critical for effective earth pressure balance (EPB) TBM tunneling. The formation soil at the cutterhead must be transformed into a highly compressible, low shear strength and low permeability medium within the excavation chamber to allow effective EPB performance. This behavior must be maintained for a certain residency time while the soil is in the chamber and screw conveyor. The vast majority of published studies on conditioned soil behavior have been performed under atmospheric conditions (Quebaud et al., 1998; Bezuijen et al., 1999; Psomas and Houlsby, 2002; Vinai et al. 2008; Thewes et al., 2012; Peila, 2014); however, the desired soil behavior must occur under chamber pressures that can reach 5-7 bar. The influence of pressure on conditioned soil is significant and is dramatically different than behavior under atmospheric pressure (Williamson et al., 1999; Mori et al., 2015). This paper illustrates how pressure influences conditioned soil behavior and how atmospheric test results must be viewed in the context of expected chamber pressures. The influence of pressure on foam bubble size (including with time) is shown through digital image analysis. The influence of pressure on foam half-life is also investigated. The compressibility, shear strength, and abrasivity of conditioned soil under pressure is presented and explained in terms of density, soil and air compressibility and porosity."

Jan 1, 2016

By C. J. Konya, A. Konya

"Presplitting is a form of blasting that when executed properly will create a smooth wall that will minimize secondary conditioning. In recent years, presplitting has become a popular technique to be used in both the mining and construction industry, however, presplitting fails on many occasions because of ‘geologic conditions’. This is typically because of improper explosive loads consisting of overloading and underloading blastholes. In this paper the authors introduce new factors such as a presplit factor which varies for different rock types, selection criteria for the spacing of presplits, the optimization of explosive load, as well as prediction methods for the environmental affects for the technique of Precision Presplitting. BACKGROUND Methods of controlled blasting in which a smooth, stable wall could be blasted have been an important consideration since blasting in mining and construction has begun. How can one use an explosive, with its massive energy and power, to break a non-homogenous rock without causing backbreak, poor walls, or deviations in the wall over large distances? The blasting industry has known for a long time that blasting ‘high benches’ would result in better walls and less backbreak. However, this was not a sufficiently controlled technique for critical projects, such as the Niagara Power Plant. This was one of the main challenges Hercules Powder faced when they began the project. In order to achieve this, they used a new tool in the explosive engineer’s toolkit, presplitting. The presplitting done on the Niagara Power Project utilized 1 ½” x 8” (38mm x 203mm) 40% gelatin dynamite in 2 ½” (63.5) diameter boreholes. This was done on multiple levels with benches between 12 feet to 52 feet (3.6m to 15.8m) with a total powder factor of 0.75 pounds/cubic yard (0.45 kg/m3). The spacing on these holes ranged between 18 inches to 24 inches (0.46m to 0.61m), center to center (Langfors & Kihlstrom, 1973). The strange aspect of this project was that this “lightly loaded” closely spaced row was fired before the production blast, yet this project produced some of the best walls seen at that time directly from blasting. In today’s blasting industry, presplitting is a more common way to produce smooth, stable high-walls for both the construction and the mining industry. Today, explosive loads for traditional presplitting is generally measured in pounds per foot (kilograms per meter) and typically ranges from 0.30 lb. /ft. to 0.5 lb. /ft. (0.45 kg/m to 0.75 kg/m). MECHANICS OF PRESPLITTING When analyzing a blasting process like the Niagara Project, many wonder how did that work when normally confining a charge would cause cratering and increased backbreak. Since then, presplitting mechanics have been studied extensively. It has been shown in many models that presplitting is not achieve through the collision of shockwave, but by gas pressure in the boreholes. In addition to models and finite element simulations, this has been proven full scale using Pyrodex, a propellant, to create a presplit plane with no shock wave present (Konya, Dean Barrett, & Smith Jr, Presplitting Granite Using Pyrodex, A Propellant, 1986)."

Jan 1, 2017

By J. J. Pavlica

Grinding in steel mills adversely affects the flotation removal of pyrrhotite from magnetite ores. To elucidate the effect of grinding media on the floatability of pyrrhotite, rest potential and short-circuit current measurements were made on electrode combinations of pyrrhotite-mild steel and pyrrhotite-stainless steel. Galvanic contact of pyrrhotite with mild steel increased the rate of surface reactions on pyrrhotite in air-exposed and oxygenated solutions. It was postulated that the formation of ' an iron hydroxide coating on the pyrrhotite adversely affected its floatability. Its formation was minimal when pyrrhotite was contacted with stainless steel. Fine magnetite particles caused slime coating on pyrrhotite surfaces by magnetic interaction and impaired the flotation of pyrrhotite.

Jan 1, 1982

By Madan M. Singh

Although roof bolting has been a major means of strata support for nearly two decades, little attention has been directed towards the design of bolt Installations. The variables involved are interdependent and their study complex. However, some simple tests may be employed to serve as guides to the efficient design of roof bolt systems. Local conditions are continually varying and are important to pattern design. This paper discusses such considerations and suggests techniques which may be employed to effect improved roof control with bolts.

Jan 1, 1967

By Harrison R. Cooper

The expanding use of digital control in the metallurgical industry is a significant recent development. From 1970 to 1975, approximately forty metallurgical plants throughout the world have adopted automation techniques based on digital controls (see Table 1). Several recent technical reports have described development of digital control systems in concentrator grinding control, 1,2 flotation,3 and smelter operations.4,5

Jan 1, 1975

By Roger P. Ashley

The main problem in geochemical exploration for gold ore bodies in the 40 km2 hydrothermally altered area at Goldfield is to decide which of the many silicified ledges exposed are most likely to yield deposits with additional subsurface exploration. We conclude that the most efficient way to search for exploration targets is to collect rock samples from the ledges and analyze for the following elements in decreasing order of priority: gold, lead and silver, bismuth, and mercury. These elements form relict hypogene aureoles restricted to the ledges and are not appreciably redistributed during supergene leaching.

Jan 1, 1978

By S. Komar Kawatra, Henry J. Walqui, Timothy C. Eisele

Population balance models were used to model the grinding action of industrial scale coal pulverizers. Experimental work was conducted with two different coal samples to determine the values of the appearance and selection function. These functions were determined for vertical mills by using s 6-inch by 10-inch laboratory roll mill to represent the action of a vertical mill. Two very important operating variables were identified for vertical mills: feed rate and roll spacing. Factorially designed experiments were used to analyze .and quantify the effect of these two variables. The models were then adapted to represent changes in operating conditions by incorporating the effect of the feed rate and roll spacing effects. This resulted in a simulation model able to respond to changes in operating conditions, by providing corrected predicted values for the product size distribution.

Jan 1, 2002

By Manuel R. Lastra

Critical to successful dump and heap leaching for gold, silver, copper and uranium are factors such as permeability, solution delivery to the ore, and solution recovery. This paper deals with possible techniques for successful accomplishment of these three factors. New developments as well as older techniques are discussed, together with rationale for use of some techniques in reference to others. The authors hope to present a checklist so that the ideal application to individual mine situations can be achieved. This involves a discussion of the merits of each different method and the situations for most logical application. It is hoped that such discussion will broaden the geographic areas where dump and heap leaching can be applied to include greater winter cold and tropical regions of large amounts of rainfall.

Jan 1, 1984

By Y. Xi

This paper offers an algorithm to determine the optimal panel size with the objective of minimizing the overall stripping cost. The approach is presented both in analytical form for regular layers of coal and overburden, and in graphical form for the cases of irregular and multiple coal seams. When the optimal panel width needs to be changed due to some circumstance, we prove in general that increasing the panel width is better than reducing it in both economics and operational efficiency.

Jan 1, 1994

By D. G. Chedgy

Environmental improvement efforts are focusing with increasing intensity on pollutants resulting from combustion. The high cost of removing these pollutants at the power station is well documented. Physical coal cleaning has always been and should remain the most economic method of reducing sulfur oxide emission from coal combustion. It is critical in the selection of preparation plant circuitry to consider capital and operating costs, as well as the level of sulfur reduction. This paper describes the technical criteria which must be used for efficient process selection and summarizes the cleaning systems available or in development.

Jan 1, 1990

By G. R. Burman

Gilsonite is a brittle, natural solid bituminous resin, classified as an asphaltite. It is found in near-vertical veins in the Uintah Basin of Eastern Utah. Discovered well over 100 years ago by Samuel Gilson, this unique material has, since its finding, enjoyed a variety of commercial and industrial applications. Early uses for the product included black automotive paint and beer vat linings. Among its many important uses today are additives for oil well drilling fluids and cements, additives for sand castings for the foundry industry, reinforcing agent for asphalt pavements, and dispersing agent for black inks. Gilsonite is mined and processed in Bonanza, Utah, by two companies, American Gilsonite Company (AGC), an operating division of Chevron Resources, and Ziegler Chemical, a privately held company headquartered in New York.

Jan 1, 1990

By Donald M. Podobnik

The Cuajone Concentrator of the Southern Peru Copper Corporation is located approximately 900 kilometers southeast of Lima, Peru, near the 500 year old town of Moquegua, in an area that has been occupied since antiquity. Since the plant was started in July, 1976, the throughput has steadily increased from 36,000 to 46,000 metric tons per day. The widely distributed molybdenite content of the ore body ranges from 0.02 to 0.04% MoS2. The molybdenite content of the copper concentrate has always been sufficient to justify operation of a byproduct molybdenite plant. During the first nine months of 1980, the average grade of the ore was 1.169% copper and 0.026% molybdenite.

Jan 1, 1981

By A. R. Negele

Kaolin-based pigments are the most widely used pigments in the paper industry. Several types are available and include standard hydrous, delaminated, calcined, chemically-structured, and most recently, composite pigments. Within each category, a spectrum of products is available to satisfy the application requirements of paper producers. The paper industry has a broad range of applications including fillers in woodfree and groundwood-containing papers, pigmented size press applications, ultra-lightweight and lightweight coated papers, coated merchant papers, cast coated papers and coated paperboard. Each application has its own set of performance criteria and suppliers must work with mills to identify appropriate product(s) to fulfill these requirements.

Jan 1, 1993

By Wayne Taylor, Martyn Dawborn

Simulation modeling of portions of two platinum mines using General Purpose Simulation Software (GPSS/H™) is presented in this paper. Both mines, located in the Bushveld Igneous Complex PIC) of South Africa, exploit Merensky and UG2 reef horizons, which are processed separately and therefore handled individually from the stope face to surface, requiring duplication of storage arrangements and batch operation of transport facilities. The first simulation assignment concerns the upgrading of a shaft system operating exclusively on Merensky ore, to hoist UG2 ore and increase production. The second assignment comprises a simulation of rock flow from the stope face to surface by way of tramming, inclined conveying and vertical hoisting. Development ends and stope boxholes were modeled down to individual hoppers (cars) demonstrating the versatility of the GPSS/H™ language.

Jan 1, 2002

By William E. Lamont

The Mineral Resources Institute (MRI) of the School of Mines and Energy Development (SOMED), University of Alabama conducted studies to determine the potential for upgrading the Eastern Devonian shales by flotation. Results of those studies indicate that flotation concentrates containing 150 liters of oil/t (36 gal/t) can be produced from shale containing 50 liters of oil/t (12 gal/t) as determined by Fischer Assay with good recovery of the kerogen. Organic carbon and trace elements such as molybdenum, vanadium and uranium also are concentrated with the kerogen. Kerogen concentration was found to be a function of the size of grind.

Jan 1, 1983

By M. Katzer

The effect of selective dispersants as wet grinding aids for ores is demonstrated on laboratory scale batch and continuous grinding equipment. A complete characterization of behavior is performed on a given ore to demonstrate correlations involving torque, % solids, net production rate, and slurry weight and volume loading. The relationship between such laboratory data and industrial scale testing results is very consistent.

Jan 1, 1979