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Obtaining financing for mining and exploration projects has been difficult for the last several years, particularly for junior companies. Today, though, the purse strings of investors appear to be loosening, leaving the industry with many questions about financing in the coming years. How have capital markets and exploration spending changed? Are there signs of improvement? Where has capital been raised in private, public markets, stock exchanges, private equity, etc.? What companies successfully raised capital in the last year? How are they spending it? How are traditional and alternative funding sources investing in mining? What are the issues mining companies need to know about when tapping alternative sources of capital? Those were some of the questions that were answered at the Current Trends in Mining Finance conference, sponsored by SME and the New York Section April 26-28. Held in New York City, the conference attracted 115 professionals who work on the finance and economic side of the mining industry. Three of the conference organizers talked with Mining Engineering about the conference and the state of financing in the industry today. Tim Alch (TA) is managing director with Behre Dolbear & Co. Alan Oshiki (AO) is executive vice president with the Abernathy MacGregor Group. Henry Weingarten (HW) is managing director with the Astrologers Fund Inc. Here is what they had to say.

By T. L. Johnston

The Dobbins property, about 4-1/2 miles northeast of Cartersville, Ga., was fist operated in 1866, it is the oldest manganese mine in Georgia and one of the oldest minus in the United States still producing manganese ore. Changes in ownership, lessees, and operators and lack of records prevent the compiling of statistics regarding total production of ore from the property.

Jan 1, 1942

By T. L. Johnston

The Dobbins property about 4-1/2 miles northeast of Cartersville, Ga., was first operated in 1866. It is the oldest manganese mine in Georgia and one of the oldest mines in the United States still producing manganese ore. Changes in ownership lessees and operators and lack of records prevent the compiling of statistics regarding total production of ore from the property

Jan 1, 1942

By J. W. Parkinson

With most of the coal currently mined in the eastern U.S. already requiring cleaning to meet electric utility coal specifications, the question remains how medium- and high-sulfur coal producers will provide the even better quality coal expected to be demanded if pending acid rain legislation is enacted. One emerging approach is to crush the coal to liberate additional ash and sulfur so that better quality coal can be produced at equal yields. This paper discusses how to measure liberation. the premiums the utility market is willing to pay for lower sulfur coal, and a staged middlings crushing scheme that promises the benefits of total raw coal crushing but at lower costs. For some coals, cautious application of liberation concepts may be the only way to produce a product that can be quality and cost competitive in the future utility coal market.

Jan 1, 1988

By José Calderón

Poderosa tiene sus concesiones en las provincias de Pataz y Bolívar en la región La Libertad y son parte de la zona de amortiguamiento (ZA) del parque nacional Río Abiseo (PNRA) y de la zona de transición (ZT) de la reserva de biosfera Gran Pajatén (RBGP). Esta área natural protegida (ANP) es uno de los dos únicos sitios en el Perú que tienen carácter de patrimonio cultural y natural de la humanidad (doble caracterización dada por Unesco). Poderosa ha firmado un convenio de cooperación interinstitucional con el Servicio Nacional de Áreas Naturales Protegidas por el Estado (Sernanp) del PNRA, el mismo que le ha permitido contar con su asesoría, mejorar los instrumentos ambientales y cumplir a cabalidad los compromisos socioambientales.

May 22, 2019

By Jeffrey Johnson, Carl Sunderman, Ted Williams, Stephen Signer, Douglas Bayer

To measure the loading behavior of friction bolts, researchers at the Spokane Research Laboratory of the National Institute for Occupational Safety and Health (NIOSH) installed strain gauges on the interior of friction bolts and developed a battery-powered miniature data acquisition system (MIDAS) that fits inside the hollow portion of the friction bolt. The advantages of this system are that it is protected from face blasts and eliminates the need for external wiring. Laboratory pull-out tests showed that friction bolts installed in a concrete block with resin were loaded to about 1.8 tons/ft of bolt length; bolts installed without resin were loaded to 1.3 tons/ft. Three strain-gauged friction bolts were installed at Hecla Mining Company’s Gold Hunter Mine, Mullan, ID, in the wall or rib of a mechanized cut-and-fill stope. The object of these tests was to establish an installation procedure for the bolt-and-MIDAS combination and to evaluate performance. The stope was advanced in three 15-ft increments and strains induced in the rock bolts by stress changes in the rock were recorded every 30 minutes. The MIDAS proved to be rugged enough to withstand the shock and vibration from nearby (5 ft) face blasting. Data from MIDAS showed that the friction bolt installed with resin was the most sensitive to each face advance. It showed a steady increase in loading to a maximum value of 1000 microstrain. The friction bolt installed without resin showed stick-slip behavior with loads to a maximum of 400 microstrain before the stope was completed.

Mineral Resource Throughput Management is based on the extraction of the maximum potential value from an ore reserve with the emphasis to generate maximum ROI and ROR (return on reserve). A steel producing company in India implemented MRTM to significantly improve their ROI and ROR. The value chain of this company consists of their own iron ore and coal mines, ore washing plants, sinter plants, steel plants, and sales and marketing division. The target for the mines was to produce at a stable and predictable rate and at specific quality requirements. These requirements were set to improve productivity and ROI of the steel plant. The implementation constituted the alignment of the reserve potential, total production chain, human resources and management culture at the mines with the requirements of the steel plant. Many typical mining practices were challenged and changed. Production targets regarding lump vs. fines ratio, consistent product tons, quality targets such as Fe, Al content and moist, and standard deviation on the quality targets were not achieved. A reverse distribution model with release mechanisms to satisfy the demand were developed and implemented at the mines. A stable and predictable flow of mine product with quality standards well within the required standard deviation targets were achieved. The contribution from the mines to significantly improve the Net Profit, ROI and ROR of the company were reached.

Jan 1, 2007

By S. Dessureault, J. Porter, M. Woodhall

Information and communication technology (ICT) is seen as a key source of future productivity improvements in mines. The information technology infrastructure (ITI) necessary to achieve these productivity improvements will come in the form of data integrated from multiple source systems throughout the mining value chain. Two pure approaches are available: supplier-controlled or operations controlled data structures; each strategy has its own advantages and disadvantages. Case studies involving the South African mining industry are used to demonstrate the advantages of using hybrid-controlled data structures. Depending on the level of operational control, new skills are also necessary to be learnt by mining professionals including: information engineering; creating consistent and quality data; and process improvement techniques that use the integrated data for improving the operation.

Jan 1, 2004

By John G. Henning

The Porcupine Joint Venture operates the Dome Mine in South Porcupine, Ontario. Dome underground began production in 1910. It is the longest continuous operating gold mine in Canada, producing in excess of 15 M ounces. More than 900 underground stopes have been mined and hundreds of miles of drifts, sublevels and raises developed. Underground mining methods included shrinkage, cut and fill and longhole. Not all stopes were backfilled upon completion, particularly the longhole stopes. The Dome open pit was designed above the underground mine workings such that, as the pit is excavated, it intersects underground drifts and stopes. Potential operational problems associated with the interactions between the stopes and the pit walls may occur, necessitating pit wall redesign, ground support installation and operational rescheduling. Each intersection of the pit with the underground mine workings is closely evaluated to maintain a safe working environment and wall stability. This paper discussed how risks to pit wall stability are assessed, mitigated and monitored.

May 1, 2004

By Mark M. Petersen

As part of the addition of eight new combined cycle generating units at the Florida Power & Light Sanford Plant, 2,129 piles were to be installed. The existing plant elements were supported on driven piles, and the variation in pile lengths during previous work, as well as available subsurface information, indicated a complex stratigraphy. At the request of the owner, the designer/construction manager developed a program to evaluate the use of pressure-grouted displacement piles. A pre-design load test program in areas that represented the apparent extremes in subsurface conditions indicated that the system was feasible; however, the presence of existing features that were to be demolished later precluded the clear delineation of subsurface conditions in advance of construction. A contract was negotiated with the pile installer based on the best estimate of potential pile lengths, with modifications to pile lengths to be set based on additional exploration. A total of 52 cone penetration soundings and five load tests were performed immediately prior to and during pile installation to establish correlations between the CPT data and pile performance. Pile depths were set based on these correlations. Pile installation was completed 6 weeks ahead of schedule and 15 percent under the original budget estimate. This paper documents the evaluation of pressure-grouted displacement piles as an emerging technology, and illustrates the benefits of a close working relationship between the owner, designer, and pile contractor at a site with variable subsurface conditions.

Jan 1, 2002

Additional Attractive Force Between Alumina Particles Due to Low Solubility of Dicarboxylic Acids

Sep 13, 2010

By Roger S. Jackson

"This study interprets vibrations produced by single underground shots, recorded on surface by 135 digital seismographs laid out in four linear arrays. Several vibration anomalies were observed and are investigated. A novel method of displaying the blast-induced vibration iso-contour data relative to the three-dimensional representations of the geological rock units and structures leads to the following interpretations:• The identified faults commonly dampen or amplify vibrations, on the evidence of the peak particle velocity,• Strong anisotropy of geologic formations produces different vibration attenuation in the various directions of interest,• Low-vibration “depressions” can be related to the presence of faults, and• Higher vibration levels than expected based on ‘scaled-distance’ principles are observed close to intersecting faults.The interpretations from this study document a better understanding of the geotechnical influences on blast induced stress wave propagation in a geologically complex area. The practical benefit of this understanding is better control of surface vibrations, experienced from underground mining activities."

Jan 1, 2010

By P. Wells

"In the past decade, there have been many developments in processing of nickel/copper sulfide ores. Improved pentlandite/pyrrhotite flotation selectivity with the use of new reagents, fine regrinding and Redox measurement (control) has led to increased pyrrhotite rejection and thus higher concentrate grades. Flash flotation has increased overall nickel and associated precious group metal recoveries. Recovery of both fine and coarse particles has been improved through an understanding of flotation cell hydrodynamics. The separation of copper from nickel in such ores has seen a similar level of development. From the late 80s to very recently, the use of flotation columns, the use of pyrrhotite depressing reagents and the improved understanding of the complex mineralogy of chalcopyrite, pentlandite and pyrrhotite have considerably increased copper / nickel separation efficiency. Copper concentrate with more than 30% copper and less than 0.5% nickel grade is now obtainable at 80-85% copper recovery from mill feed compared to 70-75% copper recovery with 30% copper and 1% nickel grade only a few years ago. Improved copper / nickel separation in milling operations has the potential to substantially improve the processing of the resulting concentrates and thus the overall return from the extraction of nickel and copper from sulfide ores.INTRODUCTIONNickel metal by itself or in alloys with other metals and materials makes a significant contribution to modern society. The relatively high price that nickel commands compared to other base metals is a reflection of the fact that, although abundant in the universe, nickel is sparingly distributed in the earth’s crust. There are two types of nickel deposits that are currently being exploited: complex sulfide ores and lateritic oxide ores. Lateritic contain no copper but in sulfide deposits, nickel– bearing minerals, principally pentlandite (Pn, [Ni,Fe]8S9), some millerite (NiS) and violarite ([Ni,Fe]S) are often found in association with copper-bearing minerals, mainly chalcopyrite (Cp, CuFeS2) and cubanite (CuFe2S3). The copper content of such ores can vary considerably from as high as 5-8% (in some Sudbury basin ores) to as low as 0.1% (in ores mined by Western Mining at Mount Keith, Western Australia and by Inco in Thompson, Manitoba). The valuable minerals Pn and Cp are almost invariably found associated with pyrrhotite (Po, Fe7S8) which along with nonsulphide rock has to be rejected to tails in the primary milling stage. The bulk concentrate from the primary stage is then treated to depress Pn and float Cp. A complete Cu/Ni separation at the mill would be highly desirable but this is not possible because of locking between a small fraction of the valuable minerals. As a result, Cu/Ni separation has to be carried out both during milling and during refining of the matte following smelting. At Inco, Jinchuan and in Norilsk, a chalcocite / heazlewoodite separation is made by flotation following slow cooling of the matte. In the present Sudbury Inco operations, Cu/Ni separation has not been conducted at the mill since 1991 and all Cu/Ni separation takes place at the matte processing plant. Because of the rising ratio of Cu to Ni in the ore, this strategy is under review and this paper describes some recent studies of circuits in preparation for possible installation of a copper / nickel separation circuit at Inco’s Clarabelle Mill in the Sudbury area."

Jan 1, 2004

By S. J. Jung

Determining the correct combination of mix components and water for high-density paste backfills with the transport and deposition properties necessary in a mining operation is a difficult task. Rheologic properties cannot be determined without conducting full-scale pumping tests, and data from existing tests are very limited. The following presents the findings of investigations undertaken to determine if paste backfill rheology can be determined using existing techniques and which mix and system variables have the greatest influence on transport pressure loss. Data from lab-oratory-scale pumping tests were used to produce a rheologic model of flow behavior for comparison, and a statistical analysis was conducted to determine the most significant factors affecting transport pressure loss.

Jan 1, 1994

By Robert Bachus, Jamey B. Rosen

"Abstract Large scale In Situ Barrier Wall Construction projects, specifically those related to earth dams, dikes, and levees, frequently require stringent quality control measures to ensure the success of the wall. This presentation discusses the applications of Geographic Information Systems (GIS) technology to capture information from multiple data streams and provide geotechnical feedback, quality control, and project control feedback. Techniques used to geospatially analyze verticality data from secant piles and panels will be demonstrated. Examples will be presented from barrier wall installations at two sites owned by the U.S. Army Corps of Engineers (USACE): the Wolf Creek Dam in Kentucky, and Center Hill Dam in Tennessee.IntroductionDeep foundation installations require contractors to collect a substantial amount of information over the course of a project, both for internal quality control of construction progress and for demonstrating compliance with customer or owner specifications. Methods of collecting information are constantly improving, bringing with it the need for a systemic approach to managing the increasing amounts and types of data. Handling these diverse types of data presents challenges with both budget and schedule demands. This paper discusses some techniques for adding or increasing quality control in barrier wall constructions by consolidating, visualizing and analyzing data using relational database and Geographic Information Systems (GIS) technology, collectively referred to as Information Management System (IMS) development. The IMS concept is designed to facilitate the collection, transfer and processing of data and provide an easy way to remotely access and visualize construction progress.The remainder of this paper presents the needs and objectives of an IMS applied to quality control in barrier wall construction, the components and data flows involved, the capabilities and user interfaces of the systems and the benefits for the end users. Examples are presented throughout from case study projects including: a pile barrier wall applied in the rehabilitation at the Wolf Creek Dam in Kentucky (under contract to the Treviicos-Soletanche Joint Venture), and a secant pile barrier wall currently under construction in the rehabilitation of the Center Hill Dam in Tennessee (under contract to Bauer Foundations Corporation) (both owned by the Nashville District of the USACE)."

Jan 1, 2014

The mining industry is the largest source of foreign income for South Africa. It is also the main source of employment in the country and, as an industry; it is also one of the largest. Due to the labour-intensive nature of the industry, labour costs in South African mines make up nearly 50 per cent of the total mine cost. It is thus imperative to have optimum labour planning and labour management systems in place.The focus of this study was to investigate current underground labour-planning models. It is shown that there are serious limitations. The range between an oversupply and undersupply of labour can be as high as ten per cent. A new system was therefore developed to ensure a constant labour demand and supply on a daily basis. One of the main objectives was to determine the existing labour supply range and thus the requirements to fill the undersupply. For this purpose, a specific methodology was designed to capture and process all the relevant information. Mine personnel was involved throughout the entire process to ensure ownership of the new model. This buy-in was achieved through planning workshops, interactive presentations and discussions. The improved frequency of daily blasts validated the new system by providing the correct amount and mix of the labour force. The new labour-planning model was then extended to optimise revenue. Implementation on a mine resulted in increased income of R95 million.

Dec 6, 2010

By John J. Sammarco

The mining industry has the highest average annual fatality rate among major U.S. industries. To address this, the National Institute for Occupational Safety and Health, Pittsburgh Research Laboratory (PRL), is conducting major research programs to reduce the hazard exposure of miners. One of the recently concluded programs at PRL developed the enabling technology for remote-controlled mining. An application involves the manual process of extracting and hauling coal where operators, in the tight confines of a mine, can be struck or caught by mobile machinery. The approach to remedy this problem uses a guidance system on the continuous haulage equipment so that it follows the continuous mining machine that extracts coal. This, in essence, involves sensor-based docking of the machines. Sensors functioning in the hostile mine environment of dust, methane gas, and water play the key role. Computer analysis of the mining machine's movements and empirical machine characterizations established operating requirements and spatial limitations to ensure proper loading of coal into the haulage equipment. These data served in the selection of a guidance sensor. Technologies such as scanning laser systems and ultrasonic sensors have frequently been used in other applications, but were found unacceptable. However, a near-infrared sensor employing active targets met the requirements. The sensor has a nominal 75b conical field of view and a range from 0.1 to 18.0 m. For the single-target mode, nominal range accuracy was 4.3% at a distance of 3.65 m. Correction algorithms were generated, which reduced the error to 0.6%. Airborne dust testing showed less than an additional0.8% accuracy (worst case) degradation at dust levels up to 15 mg/m3. Using four targets, the nominal range accuracy was 0.4% without correction algorithms. Analysis of dynamic testing of a continuous miner and haulage showed that accuracy was maintained and total target loss did not occur. A guidance system for the haulage system to follow the mining machine does not exist commercially. Such a system can reduce fatalities, injuries, and exposure to dust and noise.

Jan 11, 1998

By S. Shi, J. Y. Hwang, B. Li

Silver, copper, and zinc are commonly known elements with antibacterial and antifungal capabilities. Attempts have been made to dope silver on minerals, glass, and ceramics and the resulting materials have been investigated for their antibacterial and antifungal properties. Since silver is expensive and very reactive, silver doped materials have been found inappropriate in some applications. Copper-vermiculite is investigated as an alternative. Vermiculite has high cation exchange capacity on the magnesium ion in the crystal structure. Copper ion may have a high tendency to replace magnesium because of similar charge interference and ionic radius. Copper-vermiculite is prepared by reacting vermiculite and copper chloride solution. By impregnating copper ions into the nanometer openings between the layers of vermiculite, it is possible to render the composite with antibacterial functions if the copper ions could be released gradually from the composite. The antibacterial efficiency of Cu-vermiculite against Escherichia coli was studied using the Halo method. The results show that Cu-vermiculite is effective for preventing the reproduction of the bacteria. Heat treatment of Cu-vermiculite at up to 400°C does not show significant changes in antibacterial activities.

Jan 1, 2002

By JSrvinen A, Yll÷ E

At Cominco's Zinc Refinery at Trail, British Columbia impurities are removed from zinc sulphate electrolyte by a two-stage purification process using zinc dust. Copper, cadmium and thallium are removed in the first stage whereas cobalt is removed in the second stage. Cobalt removal kinetics are affected by soluble antimony and copper additions to the electrolyte. This study was focused on the kinetics of cobalt removal by zinc powder cementation. Experimental variables included copper and antimony concentrations, pH and temperature. Common organic additives employed in zinc plants were studied to determine potential interactions with the cobalt removal process. Cementation products obtained from laboratory experiments and plant practice were studied using SEM. A number of significant results were obtained: 1. Copper and antimony ions were sustantially removed from solution during the early stages of the cementation reaction (within the first 15 minutes). Cobalt cementation kinetics are slow and follow a first order kinetic regime. 2. A drop in the cobalt removal rates can be correlated with a rise in the Eh of the slurry. 3. Ligninsulphonate, Percol 351 and animal glue at levels of 2 mg/L significantly impede cobalt cementation.

Jan 1, 1993

By Christopher Snee

??care has to be taken that the design is driven by sound geological reasoning and rigorous engineering logic rather than by the very attractive images that appear on the computer screen.??Hoek 1999 Design of a cavern is inextricably linked to the engineering geology of the site. The importance of sound geological reasoning will be illustrated by transportation projects in New York City where there are proposals for at least 11 caverns. These caverns have been the subject of advanced exploration techniques and geological interpretation but even so the raw data falls short of the sophistication of modern numerical methods. This paper will give geological explanations for the engineering characteristics of the rock in New York City which will provide guidance for practitioners when approaching cavern design in New York and elsewhere.

Jan 1, 2008