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By Kegomoditswe Koitsiwe, Tsuyoshi Adachi

"This paper characterizes quarterly LME copper price fundamentals from 1995 to 2011 by analyzing the transformation of the market mechanism based on structural change perspective. Using chow test for structural change based on the least square multiple regression, we divide the price fluctuation into: Stable price period (1995Q3-1999Q2), Low stable price period (1999Q3 – 2003Q3) and Price fluctuation period (2003Q4 – 2011Q2). The results show the existence of structural breaks disproves the investigation of the full sample period as a whole. In different structural breakpoints the main drivers of copper prices changes and their impact are significantly different. Moreover, the paper examines the role of speculation in copper price fluctuations.Introduction The rise in commodities price volatility and financial and economic crisis have led to questions over the organisation of futures and physical commodities markets. Spikes in commodity prices and volatility have coincided with a surge in financial speculators in the commodity markets inspiring a polarised and hotly debate among academics and practitioners about the role of investors in the development of physical markets. In his seminal work Kaldor (1939) focused primarily on whether speculative activity in the futures markets reduces the variance of commodity spot prices. Yet, part of the literature finds that the introduction of futures contracts destabilizes the spot market. IMF (2006) studied commodities boom and its causes concluding that there is little support for the hypothesis that speculative activity affects either price levels over the long run or price swings in the short-run. The impact of speculative activity on commodity prices remains a highly contentious topic. Other market analysts take the view that the supply and demand for physical commodities remain the major determinants of market trends (Krugman 2008). It is the aim of this study to contribute to the literature by examining the drivers of copper price changes from a structural change perspective. In this context we are attempting to answer to: What are the main drivers leading to copper price fluctuations? Are these factors having the same effect in different periods or not? It is meaningful to understand drivers of copper prices and thereby, their fluctuations because it will help developing countries depending on copper export to anticipate market situation and avoid bad economic development challenges that can result from price fluctuations. Moreover, this can ensure sustainable mineral supply."

Jan 1, 2017

By R. P. King, S. Middlemiss

A method is developed to convert a measured distribution of fracture energies to the equivalent work index. The method assumes that the energy required to grind the material from the feed size distribution to the product size distribution is equivalent to the sum of the impact energies that are required to reduce the feed material by successive single impacts to the required product size. The method was tested by measuring the fracture energy distributions for quartz and comparing the resulting calculated value of the work index with the work index for this material measured using the conventional Bond laboratory procedure.

Jan 1, 1998

By E. R. Hoskins

The Gulf Coast States ranging from South Texas to Alabama contain vast resources of lignite ranging in energy content from about 4000 to 7000 Btu/lb (as-received) with sulfur content ranging from about 0.5 to 2 percent. Currently, the strip mining rate is about 35 million tons per year in Texas and essentially zero in the other Gulf Coast states. Estimates of future mining rates are as high as 310 million tons per year by the year 2000 with 240 being in Texas. In this paper, we examine the life cycle of the surface mineable lignice based on the most recent estimates of surface mine recoverable resources with two scenarios. The first indicates that a 310 million tpy rate could be sustained for only 15 years while the second scenario suggests that the 310 million tpy could be sustained for 25 to 30 years. If lignite resources are required beyond those that are surface mineable, the deep basin lignite will be developed. Five strategies for developing deep basin lignite are discussed.

Jan 1, 1983

By Don Stainbrook

Over a period of many years a highly automated computerized system of ore control has been developed at the Newmont Gold Company, (NGC). It is the purpose of this paper to review the development of this system, describe the setting in which it functions and to mention some of the future developments and enhancements. Discussion of the evolution of the system in a historical perspective helps to understand its present status and illuminate some thinking about future directions of development.

Jan 1, 1989

By J. E. Hoffman, Corby G. Anderson, T. J. Keefe, O&apos, Suzzann M. Nordwick

Antimony removal has become necessary as it is commonly found in precious metal refractory ore bodies. The Sunshine Mine in Kellogg, Idaho has recovered metallic electrowon antimony from its argentiferous tetrahedrite (Cu2S'Sb2S3) deposits for over fifty years. Recently, Sunshine conducted an intense research effort to improve and modernize its antimony facility. This paper presents information which was learned about the antimony electrowinning processes and the development of a single¬-electrolyte antimony electrowinning technology. The relevant effects of process variables were investigated. The research results and the relevant chemistries involved in metallic antimony electrowinning will be discussed.

Jan 1, 1993

By Donald Lau, Adrian Crawford

In the field of grouting, practitioners fre¬quently advocate procedures that are often unique and contradictory. As a result there has been considerable debate as to what constitutes optimum grouting practice. A knowledge of both the rheological properties and the flow characteristics of grouts is essential to the development of a rational understanding of the grouting process. Flow models and viscosity experiments have been conducted using cement grouts comprising High Early Strength Portland and Microfine cements. The addition of superplasticizers was found to enhance the flowability of the grouts as well as to reduce the effective groutability ratio. Steady state flow equations and design charts for predicting the radial penetration of cement grouts have been developed.

Jan 1, 1986

By Raj K. Rajamani, M. K. Abd El-Rehman

The planetary mill is very much suited for the ultra-fine grinding of mineral fillers. Ultra-fine grinding here refers to grinding powders to a size range 5-1 0 rnicrons. Such powders enhance the quality of the final product. The operation of a specially built planetary mill is described. It is shown that a target size of 5 rnicrons can be reached in a few hours using the dual drive planetary mill. A centrifugal field of 37G is generated by the gyration arm of the mill. The design allows the desired setting of canister critical speed. The ultra-fine grinding of alumina, titanium dioxide, hematite, magnetite, kaolin and silicon carbide are described. Also, the continuous operation of the mill is shown.

Jan 1, 2003

By D. Dimitriadis, T. Polglase, M. M. Botz, W. Phillips, R. Jenny

Cyanidation processes for the extraction of gold or silver frequently involve the processing of sulfurcontaining solids that react with cyanide to form thiocyanate. The formation of thiocyanate is an undesired side reaction, and in many cases thiocyanate formation results in a prohibitively high cyanide consumption. With the increasing number of gold and silver mining projects that involve the processing of sulfide ores or concentrates or that utilize a biological sulfur oxidation process, more attention is being focused on minimizing thiocyanate formation and in treating solutions to eliminate toxicity associated with thiocyanate. Though not yet commercially applied, there are several processes available to recover cyanide from thiocyanate to reduce tailings toxicity and to allow the reuse of cyanide otherwise lost to thiocyanate formation. This paper presents an overview of processes available for recovering cyanide from thiocyanate along with estimated operating costs for the processes. Pilot testing data suggests that in some cases cyanide can be recovered from thiocyanate for approximately the same cost as newly purchased cyanide.

Jan 1, 2002

By Scott K. Palm

The initial intent of the Hazard Communication Standard (HCS) was to improve worker health by providing more information about the hazards of chemicals used in the workplace. However, the impact of the HCS goes well beyond worker right-to-know. There are direct costs associated with compliance. In addition, labelling and hazard communications can provide a competitive advantage to producers of minerals that have not been identified as hazardous. Often, the lack of hazardous information about a substance is due to the lack of scientific study, rather than an indication of product safety. Currently, industry and regulators sometimes give known hazards greater weight than unknown risks.

Jan 1, 1991

By J. J. Davis, C. A. J. Fletcher, M. Li, T. Jancar

This paper summarises the experimental approach to spiral modelling at the Julius Kruttschnitt Mineral Research Centre, University of Queensland, involving the use of plastic density tracers to determine partitioning performance on three models of coal spiral. This work has led to phenomenological models of the three spiral profiles most widely used in the Australian coal industry. The results from a parallel computational fluid dynamics approach to spiral modelling currently underway at the University of New South Wales are also presented. The computational simulation has been successfully applied to generic spiral geometries and is capable of predicting the fluid phase three dimensional flow fields and corresponding free surface profiles for moderate Reynolds' number and Froude numbers. Simulation predictions are compared with experimental results from a Mineral Deposits LD9 coal spiral.

Jan 1, 1995

By A. M. Marabini, G. Belardi, E. Spaziani

The objective of this research was to investigate the possible application of integrated circuits to the concentration of talc from the Valmalenco mine, located in northern Italy. The investigation was aimed at producing a high-grade product (low in impurities such as iron and carbonate) that would be suitable for industrial applications. Because of the presence of accessory minerals, the talc concentrate from this ore is not, at the present time, suitable for industrial applications.

Jan 1, 1996

By Andrew S. Prokopovitsh

The Bureau of Mines is concerned with all the approximately 60 industrial minerals, although its research program currently is focused on 10 of them--bauxite, chromite, clay, manganese, phosphate, potash, refractories, sulfur, titanium, and zirconium. To alleviate reliance on imported materials, particular attention is directed to those minerals having a potential for production from domestic resources. Another important consideration is environmental problems associated with the production of industrial minerals, principally in mining and mineral processing operations, The Bureau also is looking at the opportunities to substitute more abundant minerals for scarce raw materials such as rutile, fluorspar, and bauxite. In its overall minerals surveillance, the Bureau's mining and metallurgical research and development are coordinated with its minerals information activities from which reviews, projections, and forecasts identify the potential for critical disruptions and short supply situations.

Jan 1, 1975

By Weixing Wang, Zhenghe Xu

The paper applies the principles of the incompressible viscous fluid-flow to studying the movement of particles on shaking table and examines the separating process of tabling according to Bagnold's shearing theory. It is shown that, in addition to the periodic movement, the particles possess the uniform movement on the asymmetrical reciprocating table; the dilation of the particle layers on the table is periodically obtained; on the backward stroke, the particles in the bed are kept loose because the shearing dispersive pressure is of maximum: the differences between the light and heavy particles become greater when the length and frequency of the stroke are greater and the deck motion is more asymmetrical.

Jan 1, 1995

By Patrick M. James

Many in mining believe that the industry is slipping behind in public image, in public mineral education and, particularly, in mining's basic right to do business. It is critical to turn things around - to change the rules of the game soon - before mining loses any chance of recovery. In the industry's experience, there is a technique of project development and operation that can help gain ground on public opinion. Only recently has this technique had a name, and that is sustainable development. What is sustainable development? Sustainable development is broadly accepted and supported by the international business community. And significant thought and work has been devoted to the subject. Research into the topic was initially confusing because the definitions of sustainable development are written in terms the writer, and his or her constituency understands. To some, it refers to environmental protection. To others, it is about social responsibility. And to the developer, it is about economic benefit. Slowly a theme emerged from the research that seemed to be part of all the definitions. That theme has three parts. First, the development, whatever or wherever it is, must contribute economic value to the developer and the stakeholders of the development. Stakeholders in this context include employees, neighbors, residents of the surrounding area, citizens of the country, suppliers and all others affected by the development. Next, sustainable development must contribute environmental value. This means that at a very minimum it must be neutral and not cause irreparable damage. And last, and what is new for miners and most other businessmen, it must contribute real social value to the stakeholders. How to use the concept? With that three-part theme as a working definition, the mining industry must find ways to use that “the challenge is for an individual company to translate what sustainable development means for them. There is no one model..." Donald W. Gentry is president and chief executive officer of Polymet Mining and former professor emeritus of mining engineering at Colorado School of Mines. He added: "While simple to state, the concept is anything but simple to implement. Present trends indicate ... one wins the sustainable development argument by staking out the high ground early..." In other words, start using sustainable development principles at the beginning of the project. New ways of doing business The mining industry's challenge is to implement sus¬tainable development universally around the world. Paternalism as a way of doing business is dead and a new model of doing business is emerging. All types of businesses are learning to deal with the stakeholders of new developments. Mining cannot be an exception to these trends. To understand how the international mining business came to sustainable development, it is useful to look back a few years. For many North American mining engineers, there were few opportunities for foreign assignments from the 1960s to the 1980s. American companies had been asked to leave many of the Latin American countries. Africa was going through a continent-wide upheaval. The Soviet Union and China had Eastern Eu-

Jan 1, 2000

By S. C. Brown, R. C. G. Oliveira

Surface wettability, or contact angle, dictates a number of multiphase ensemble interactions that influence particulate dispersability and adhesion behavior (e.g., filler compatibility] in addition to a number of other phenomena including biocompatibility and bulk powder segregation. The wettability of particulate surfaces significantly impacts nearly all process industries; however, the available techniques to access this quantity are either relative, or tedious-and are application or industry specific. In this study, key features of existing techniques have been combined to design an improved method to delineate particle wettability that is simple, versatile and capable of providing reproducible measurements in an industrial environment.

Jan 1, 2003

By Nellie E. Guernsey

The Call for Papers described the session as "Top down applications; management tools for decisions, planning, investment/finance, and negotiations." In order to attract papers, and know which ones to include as well as those to reject, it was necessary to (1) define the executive suite, (2) review what had been done in previous APCOM symposia, and (3) find out what's happening now, what isn't being done, and what can be predicted. To accomplish this, especially the third task, senior managers throughout the mineral industry were generous with their time in telephone and personal interviews. Five papers were selected for presentation at the symposium and inclusion in the proceedings; the content is divided between the Executive suite in the mineral industry and those elements which apply to any Executive Suite. The Executive Suite is the top portion of the organizational tri- angle (I), those to whom the managers of functional areas such as exploration, production, finance, and marketing report. The make-up and specific activities within an executive suite reflect the organization and culture of its corporation. As there is no typical corporation, there is no typical executive suite; however, those who work within the executive suite typically do not have day to day operational responsibilities and either are, or report to, the Chief Executive Officer.

Jan 1, 1989

By Harry Deitzer

Within the industrial marketplace barium sulfate has an established role as a filler or extender pigment for use in a wide array of applications. The focus of this paper is to outline a number of these applications and in each one characterizes those features of barium sulfate which provide value. Following this is a discussion of the process techniques which have been used to develop value from a selected class of barite ores found in southern Missouri. It is appropriate to define some terms which may help in clarifying some concepts as presented. Use of the term barium sulfate refers broadly to the chemical compound BaSO4 Barite will generally refer to the naturally occurring barium sulfate ores and their properties. Barytes, whether bleached or not, will refer to barite ore made suitable for industrial applications.

Jan 1, 1993

By A. S. Ibrado

The adsorption of silver on activated carbon from cyanide solutions was studied as a function of concentration, ionic strength and pH. In cyanide solutions, silver exists mainly as the linear Ag(CN)2 complex and adsorbs on activated carbon following the Freundlich isotherm. The uptake and rate of adsorption increase with the addition of KC1 and KNO3 but changes only slightly with pH. In contrast, the adsorption of Cu(I), Zn(II), Cd(II), and Hg(II) shows marked changes with pH, closely following the predominance profiles of their neutral and singly-charged cyano complexes. Clearly, multicharged negative complexes are repelled by the negatively-charged carbon surface. This sensitivity of activated carbon to the charge of the adsorbing species indicates that silver adsorbs as an anion, not chemically bound to the co-adsorbing counterions. For the same reason, activated carbon is selective to metals that form neutral and Singly-charged cyano complexes, namely gold and silver.

Jan 1, 1988

By N. Djordjevic

The vibration energy that travels beyond the zone of rock breakage is wasted - all it does is cause damage and annoyance. Under favorable geologic conditions, this energy may travel many kilometers before it finally drops bellow the background noise level. This has forced the introduction of more restrictive limits to the allowable vibration levels. To maintain the profitability of a mine or quarry and to comply with environmental protection legislation, blasting needs to be performed in a more predictable way that will ensure that the final results are optimal in both mining and environmental terms. Minimization of ground and induced structural vibration is, therefore, a matter of good blasting practice - not just an attempt to avoid complaints from neighbors. A new approach to blast vibration minimization is presented. The method utilizes the existence of the local minimums in the frequency spectrum of single-hole blast vibration. The results are presented as a delay map showing maximum ground or structural vibration velocity for many combinations of interhole and interrow delays. A blast engineer can use this map to select an optimal combination of delays that will produce a low vibration velocity at a selected location and, at the same time, will be acceptable from the point of view fragmentation or muck pile shape.

Jan 1, 1997

By P. Venkatraman, F. S. Knoll, W. S. Kow

Froth flotation is the most widely used technique for cleaning fine coal. This practice may change, however, with the development of enhanced gravity concentrators such as the Mozley Multi- Gravity Separator (MGS). The MGS is a flowing-film concentrator that utilizes centrifugal forces to improve the separation of flotation-size particles. In the present work, a pilot-scale test program was conducted to examine the effects of feed rate, feed solids content, wash water flow rate and drum rotation speed on the performance of the MGS. The test results indicate that the MGS effectively rejects high-density minerals such as pyrite, while ultrafine ash-forming minerals are removed less efficiently. A major advantage of the MGS is that high separation efficiencies can be realized without additional grinding, flotation reagents or heavy media. This article describes the working principles of the MGS and presents data obtained from recent pilot-scale test work.

Jan 1, 1995