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By W. Roggenthen, Z. J. Hladysz, G. D. Callahan, W. G. Pariseau, W. Weinig, C. Randolph-Loar, R. Popielak

A Deep Underground Science and Engineering Laboratory (DUSEL) is being planned at the site of the former Homestake Gold Mine in Lead, SD, under the sponsorship of the U.S. National Science Foundation (NSF) in cooperation with the Department of Energy (DOE). This national facility will host a variety of multidisciplinary science and engineering experiments, including physics experiments that require shielding from cosmogenic radiation. Current plans include construction of large rooms (up to 55 m in width) at depths of 1.48 km (4,850 ft) and 2.25 km (7,400 ft) below the surface. Preparation of the preliminary design required the development of a geotechnical characterization program, including preliminary drilling and coring, core logging, drill hole mapping with a televiewer, drift mapping of the geology and rock structure, in situ stress measurements, and laboratory testing of the mechanical properties of the rocks and discontinuities. Overall rock quality is very good to excellent. Site investigations included geotechnical assessments for the construction of caverns and laboratory modules. The results are favorable and reaffirm selection of the Homestake site for establishment of a Deep Underground Engineering and Science Laboratory.

Jan 1, 2011

By D. Govender

In recent years, economies of scale have continued to drive copper projects to larger throughputs to offset depleting lower grade resources. A decade ago, there were only a small number of projects that stretched beyond 100 kt/d (110,000 stpd) throughput rates. Today, and moving forward, virtually all the major copper projects are sized beyond this, with throughput rates up to 250 kt/d (275,000 stpd) now under evaluation for a number of key projects in Chile and Peru. This paper explores the development from the 160 m3 (5,650 cu ft) flotation cells, through to the 257 m3 (9,076 cu ft) cells and to the current 660 m3 (23,380 cu ft) machines. The contributions of specific copper concentrators to this growth phase are reviewed in this article. The historical basis of flotation machine scale-up is also briefly discussed. Metallurgical results as well as layout, maintenance and operational aspects are highlighted.

Feb 1, 2014

By M. Pillay

INTRODUCTION Heat stress continues to be a safety concern in underground mining. This is due to a number of reasons including increasing depths of mining, increased levels of heat generated from machines, ventilation systems being constrained from providing suitable levels of airflow and others. In order to assess if a thermal environment is safe for miners under normal or modified work arrangements, or to specify stop work conditions a heat stress index is used to guide decisions. Historically, a number of heat stress indices have been developed and applied in underground mines. These can be classed under three broad headings; single measurement, empirically based and rational indices. Do any of these indices perform better than the others? Which one allows simple determinations and decisions to be made in the mine? This paper aims to provide answers to these questions by comparing and contrasting three indices; effective temperature (ET), simple air cooling power (ACP) and Thermal work limit (TWL) for a range of typical mining wet and dry bulb combinations? The paper concludes with the identification of areas for future research. BACKGROUND Heat stress causes discomfort, increases physiological strain, decreases productivity and performance, and contributes to increased incidents [1]. Effective management and control of heat stress is particularly important in mining where hot working conditions are very common [2]. Heat stress index is a common indicator that is used by mine safety advisors and managers to guide decisions about safe work practices in mining under normal or modified conditions. According to Howes and Nixon [3] A safe heat stress control strategy for an underground mine has three elements: • Application of an environmental measure which reflects physiological strain with sufficient accuracy for the range of conditions encountered underground. • Acceptance of a functional relationship between the environmental measure and human performance which is used to optimise the environmental conditions achievable with either ventilation or ventilation and refrigeration. • A management control strategy based on the environmental measure which is designed to ensure that work in environments where excessive physiological strain may occur is prevented and corrective action is initiated. The link between these elements is an environmental measure that reflects the physiological strain a worker is subjected to. Since the turn of the twentieth century various indices of thermal stress have been developed (McPherson [4], Howes and Nixon [3], Brake [5]). In selecting a suitable environmental measure or index one problem that must be addressed is the ease with which it can be physically obtained relative to it accurately reflecting the physiological strain. No index can be universally applied and there is no single correct measure or index. However if an index has provided adequate control in a particular circumstance, then it can be regarded as correct for that situation.

Jan 1, 2019

By W. W. Dudley

The U.S. Geological Survey, in support of underground testing of nuclear explosives, has developed a technique (Dudley, 1910) to predict the inflow of ground water to large underground chambers that are cylindrical in shape. By treating the chamber as a large-diameter well pumped at constant drawdown, the nonsteady discharge can be computed by the method of Hantush (1961) for analyzing flowing wells under leaky artesian conditions. In mining applications, whether for mineral recovery or for nuclear testing, the most serious departure from the conditions of Hantush's model results from the gradual enlargement of the opening under drained conditions. Inherent in the analytical technique is that the "well" is fully completed at the time that dewatering begins. Because safety is the prime concern, however, initial pumping systems or personnel evacuation procedures must be designed to handle the greatest conceivable inflow. DEFINITIONS Because somewhat different meanings are attached to similar words in different technical fields, the U.S. Geological Survey definitions (Lohman, 1970) of several hydrologic terms used in this report are given below. An aquifer is a formation, group of formations, or part of a formation that contains sufficient saturated permeable material to yield significant quantities of water to wells, and springs. A confining bed is a body of material lying stratigraphically adjacent to one or more aquifers and having a hydraulic conductivity distinctly lower than that of the aquifer. The total head (dimensions L) of a liquid at a given point is the sum of three components: (1) elevation head, he, which is equal to the elevation of the point above a datum; (2) pressure head, hp, which is the height of a column of static water that can be supported by the static pressure at the point; and (3) velocity head, hv, which is the height the kinetic energy of the liquid is

Jan 1, 1971

By N. A. Karl, D. R. Wilburn

"This summary of international mineral exploration activities during 2017 draws upon information from industry sources, published literature, SNL Metals & Mining (SNL), an offering of S&P Global Market Intelligence (New York, NY) and specialists in the U.S. Geological Survey (USGS) National Minerals Information Center. Three types of information are reported and analyzed in this annual review of international exploration: 1) budgetary statistics expressed in U.S. dollars provided by SNL; 2) regional and site-specific exploration activities that took place in 2017 as compiled by the USGS and 3) regional events and legislation that affected exploration activities including economic, social and political conditions, which were derived from published sources and discussions with USGS and industry specialists. Commodity and regional compilations are presented in this summary. Because multiple sources were used to develop commodity and regional compilations, statistics may vary depending on the source and type of data that are being reported.The SNL data summarize budget estimates for worldwide exploration activities in 2017 for 30 nonfuel mineral commodities and metal alloys, based on company surveys. Surveys focused on precious metals (gold, platinumgroup metals (PGMs) and silver), base metals (cobalt, copper, lead, molybdenum, nickel, tin and zinc), bulk commodities (bauxite, chromite, iron ore, manganese, phosphate and potash), and other commodities (aluminum, antimony, diamond, graphite, heavy-mineral sands, lithium, niobium, rare-earth elements (REEs), scandium, tantalum, tungsten, uranium, vanadium and yttrium). Information on uranium exploration activities was included in SNL’s survey for the first time in 2007. Data on lithium, niobium, phosphate, potash, REE and tungsten were compiled for the first time in 2010, and scandium, vanadium and yttrium were added in 2014 because of their increased topical significance. Since 1999, companies with exploration budgets of $100,000 and greater were included in the SNL surveys. SNL budget estimates exclude coal, and oil and gas. The 2017 SNL mining company survey compilation was reported by SNL to include an estimated 95 percent of the world’s nonfuel mineral exploration budgets. The 5 percent that was not covered was accounted for by companies that chose not to participate in the SNL survey, private companies that do not publish their budget data, and government-funded exploration activities."

Jan 5, 2018

By L. A. Alcorn, H. E. Camargo, G. Gwaltney

"One of the most pervasive diseases in the mining industry is noise-induced hearing loss. The exposure of miners to noise levels above the permissible exposure level results in hearing loss in approximately 80% of coal miners by retirement age. In this context, the U.S. National Institute for Occupational Safety and Health (NIOSH) is conducting research to develop noise controls for longwall mining systems, which are used to extract half of the national underground coal production.From field measurements, previous research determined that the dominant sound-radiating components at the shearer of a longwall system are the two cutting drums used to remove coal. Due to the dimensions and complexity of longwall mining systems, the NIOSH project developed a validated finite element model of the cutting drum to use in predicting the sound radiated by the drum due to the excitation forces experienced in underground operations. This same model will be used to develop engineering noise controls for the drum. The excitation forces arise from the interaction of the cutting bits and the coal and are transmitted to the cutting drum through the bit holders. Due to the adverse conditions at the face, and a lack of instrumentation approved for underground use, the operational coal cutting forces have not been assessed before. To this end, NIOSH, in collaboration with Michigan Technological University, developed a self-contained, intrinsically safe instrumented bit to measure these forces.This paper describes the development of the instrumented bit and the measuring of operational coal cutting forces at three working coal mines. The measurements revealed that the forces have a flat spectrum, representative of the impact nature of these forces, up to around 100 Hz. Above this cutoff frequency, the force magnitude decreases at a rate proportional to the inverse of frequency squared."

Jan 1, 2014

By Roberto Fustos, Gonzalo Nelis, Víctor Sanhueza, René Gómez

Hang-ups are a challenging operational problem in block caving mines. They interrupt ore flow and imply hang-up removal activities, which take time, increase operational costs, and involve safety risks for workers. In block caving, the number of hangup events of mechanical arches that appear in the drawbell could be decreased if the drawbell geometry is adequately designed based on the expected rock fragmentation. Here, we compile and analyze hang-ups reported in several block caving mines to evaluate the impact of drawbell geometry, rock size, and vertical load on hang-up frequency at the mine scale. Results show that the ratios between drawbell length and d80 (dL/d80), between drawbell width and d80 (dW/d80), between drawbell volume and rock volume (VDB/VP), and vertical stress are critical parameters that define hang-up frequency. These findings confirm previous experimental studies, where a decrease in hang-up events is associated with an increase in these ratios. Additionally, these outcomes are used in a support vector machine algorithm to define categories of hang-up frequency. The results of this classification algorithm are presented in diagrams, which can be used to estimate the hang-up frequency in block caving projects.

Oct 15, 2022

By Z. T. Bieniawski

The efficient and safe design of room-and-pillar coal mines still remains as one of the pressing problems facing the mining industry in the United States. Although much research has been directed to stability of mine roofs and coal pillars, no generally-accepted design method has been formulated. This paper presents a concise procedure for an improved design of room-and-pillar coal mines. Developed as a result of a three-year research effort, the methodology includes essentially three aspects: (i) determination of stable roof spans; (ii) determination of the strength of coal pillars; and (iii) determination of safety factors for room-and pillar coal mining in the United States. It is shown that the presented approach will lead to a greater recovery of coal by a more economical, yet safe, mining operation. Design charts and tables are presented and a step-by-step design procedure for practical mining engineers is explained. Several examples are included demonstrating the use of the proposed design procedure for room-and-pillar coal mines.

Jan 1, 1983

By VIVEK KUMAR HIMANSHU, M. P. Roy, P. K. Singh, A. K. Mishra, RAVI SHANKAR

Blasting with the aim to reduce oversize boulders in underground has many hurdles due to limited accessibilities and poor site conditions. Optimized drilling and blasting parameters can help to achieve this objective. The major challenges of the blast designers lie within deciding blast geometry, namely drill hole diameter, burden, and spacing. The general approaches covered worldwide to determine burden-spacing are based on various rules of thumb, which are based on previous experiences of blasts and the associated outcomes. However, many parameters influencing optimum burden-spacing to achieve desired fragment size are site specific. Sometimes drill geometry is decided based on associated blasting hazards rather than rock fragmentation. The Kuz–Ram model is a worldwide accepted rock fragmentation predictor. The parameters associated with this predictor also include burden-spacing for a blast. Back calculation of burden-spacing from the Kuz–Ram model can be used to achieve desired fragment size. This paper deals with burden-spacing determination by using an empirical approach for the underground stope ring blasting.

Jan 4, 2020

This paper addresses the valuation and development timing of an undeveloped mineral project. Traditional analysis has us developing the project immediately if its net present value (NPV) is positive. Option pricing theory finds that it is better to wait until the NPV of the property is significantly greater than zero before developing. Alternatively, when evaluating the development timing decision, we must calculate NPV using a higher "timing-adjusted" discount rate, and develop the property only if its NPV using this timing-adjusted discount rate is greater than zero. This paper uses option pricing ideas to convert this development timing advice into a more concrete and user-friendly decision rule: develop the project when its "development-timing NPV" is positive, this development-timing NPV being calculated using the normal discount rate.

Jan 1, 1997

By P. M. Yavorsky

Using a mine roof simulator press capable of duplicating the expected magnitude of vertical and horizontal forces experienced by underground mine roof supports, load capabilities of some roof support cribbings were measured. Comparative ultimate vertical support strengths are reported for cribs of old and new timber and nonreinforced and steel-fiber-reinforced (SFR) concrete blocks. In terms of load- bearing capability, cribs of new hickory and nonreinforced concrete blocks have about equal strength, and SFR concrete blocks are three times as strong. Wood aged 2 years underground lost 43 pct of its support strength. These data were obtained during the course of the initial familiarization exercise of the complex press.

Jan 1, 1984

By MOHAMED WAEL, ANASTASIA GOEVA, ABDULAZIZ TAWFEEQI, IHTISHAM TARIQ, S. M. ZAKIR HOSSAIN, NIAZ ALI KHAN, MUHAMMAD FAISAL IRFAN

Carbon capture and storage (CCS) is an attractive area of research in such fields as CO2 mineral carbonation, global warming and sustainable energy systems. In this study, carbonation efficiency for aqueous mineral carbonation (MC) was achieved through two steps,which include leaching of calciumfrom cement kiln dust (CKD) followed by the reaction of pure CO2 with the calcium hydroxide precipitates formed by the hydroxylation using NaOH. Response surface methodology (RSM) with a Box-Behnken design (BBD) was applied to optimize the calciumleaching yield,while the carbonation efficiency from CKD was assessed using RSMwith central composite design (CCD). Optimization of calcium leaching is highly important, as it is a rate-limiting reaction step in MC and also influences and enhances carbonation efficiency. Different parameters including acid concentration (HNO3), leaching temperature, leaching time, and dose of CKD sample were considered in order to optimize the maximum yield of Ca leaching from the CKD sample. In addition, different CO2 flow rates and temperatures were used as parameters for optimizing carbonation efficiency. Two quadratic regression models were developed for each process, i.e. calciumleaching and carbonation. For calcium leaching, a maximum of 98.55% calcium was extracted under the optimal set of acid concentration 4.13 M, 90 °C, 28 min leaching time, and 13.8 g of CKD sample. For carbonation, the maximum carbonation efficiency of 89.2% was achieved for a CO2 flow rate of 1163 cm3/min at 90 °C. Calcium leaching results indicate that the leaching yield was significantly affected by all the input parameters except leaching time. For carbonation, both factors affected the carbonation efficiency, with the effect temperature shown to be greater than that of the CO2 flow rate. Additionally, the predicted results agreed well with the experimental values for both calcium leaching and carbonation processes, with errors of less than 1% and 5%, respectively.

Jun 5, 2020

By F. T. Paleari

Radial gas holdup profiles have been measured in a 50x400 cm flotation column using a multi-cell conductivity probe. Three different bubble generation systems were examined: up to eight vertical filter cloth spargers, three horizontal filter cloth spargers, and three (horizontal) Cominco-type spargers. The variables tested were: number of spargers, symmetry of their arrangement, and height above spargers. Batch water with up to 20ppm frother concentration was used. The general observation is that the profiles tend to be uniform (i.e. flat) with some exhibiting a slight wavy shape. The vertical sparger arrangement proved the most difficult to achieve profile symmetry. The horizontal spargers gave uniform profiles at right angle to their length but a decreasing gas holdup along their length; the Cominco-type spargers gave slightly less scatter in the data. Switching off selected spargers (to simulate malfunction) did not produce strong asymmetry in the profiles.

Jan 1, 1993

By Tuanhui Wang, Qiwei Wang, Quanrui Liu, Jianhui Xu, Chao Wang, Yu Liu, Yuefeng Li

Rockburst is a highly destructive geological hazard that can cause casualties and equipment damage. To achieve highaccuracy discrimination of rockburst intensity, this article proposes an improved model that addresses the inefficient maximum membership principle used in traditional rockburst fuzzy evaluation models. The stress coefficient σθ/σc, brittleness coefficient σc/σt, and elastic deformation energy index Wet are selected as evaluation indicators for rockburst classification. Subjective and objective weights are obtained using the Delphi method and entropy weight method (EWM). Three types of membership function distribution forms are then used to obtain the membership degrees of each indicator to rockburst grades: trapezoidal membership function (TMF), normal membership function (NMF), and quadratic parabolic membership function (QPMF). Finally, six traditional models and six improved models are established using the maximum membership principle (MMP) and weighted average-maximum membership principle combination evaluation principle (WMP), respectively. Based on the analysis of 100 sets of rockburst field data, the accuracy, precision, recall, and F1-score of the improved evaluation model are increased by 11.3%, 0.097, 0.068, and 0.089, respectively, compared to the traditional model. The Delphi-NMF-WMP model is selected as the best model, with four performance indices reaching 97.0%, 0.979, 0.979, and 0.978. The best model is applied to evaluate the rockburst intensity of the Cangling Tunnel, Dongguashan Copper Mine, and Jiangbian Hydropower Station Diversion Tunnel, with evaluation results consistent with the actual situation, demonstrating the reliability and scientificity of the model.

Feb 28, 2024

During a period of six months in FY2018, a series of trials were conducted to compare drilling accuracy using two different methodologies and the subsequent impact this had on ore dilution. Testing was conducted at Cracow underground gold mine in Queensland, Australia. The drill rig’s existing alignment process was compared to a new technology system with the following observations: - Using the existing alignment process only 20% of holes surveyed recorded toe points within the +/-300mm (11.8in) tolerance blast-hole deviation. - The new technology was proven to limit rig alignment error, reducing average blast-hole deviation and increasing the number of holes drilled within tolerance by 160%. The increased accuracy reduced stope dilution by reducing over-break of subgrade ore: - Stopes drilled using the new technology recorded 62.6% less average dilution. - This contributed to an overall reduction in dilution for the full year (FY18) of 5 percentage points compared to FY17 - from 22% to 17% (a net decrease of 22.7%). A cost-benefit analysis extrapolated from the trials stipulates that if the new technology were in use for a full 12 months, when applied to FY17 full year data, a 10 percentage point reduction in dilution would represent a net 45.4% decrease, and would result in AUD8.2M (USD5.9) additional ore recovered, with AUD4.5M (USD3.2M) less spent on wasted cost of haulage and processing of diluted ore. As a result, return per tonne would increase 22%, from AUD87 (USD63) to AUD106 (USD77.1). INTRODUCTION Dilution – planned and unplanned – remains a significant cost impairment in the mining process. A series of trials were held over a six-month period in FY18 which established the cost-benefit of new technology as it applies to the alignment accuracy of production drilling rigs in underground mining, thus confirming its ability to limit drilling as one of the causes of dilution. The trials identified three underlying factors affecting drilling accuracy, measurable by blast-hole deviation surveys of planned vs actual toe data. These were; rig alignment error, collar location change/error, and in-hole deviation. The trials involved a comparison of existing rig setup processes and technology, with the new technology (Minnovare’s Production Optimiser system). The trials were undertaken in the same environment; an operating underground gold mine - Cracow Gold Mine. The comparison first revealed the extent to which rig alignment impacts blast-hole deviation. Secondly, the new technology was proven to limit rig alignment error, thereby reducing average blast-hole deviation and increasing the number of holes drilled within tolerance by 160%.

Jan 1, 2019

By W. Lorenz

The responsible treatment of natural resources, including mineral raw materials, contributes to the protection of the environment. The management of resources and the environment encompasses reduction of emission through application of environmentally friendly processes, economical use of resources, recycling and substitution, application of energy saving processes, land reclamation and recultivation, as well as a well balanced regional and land use planning. A variety of materials are needed for measures to protect the environment. Many of these materials are, or to a large percentage consist of, mineral raw materials, which become effective either directly or indirectly in their natural state or after an appropriate industrial treatment. We call them environmental minerals. Although extraction and processing of these mineral raw materials destined for use in the protection of the environment, may have a negative impact on the environment on one hand, preventive or curing measures to protect the environment on the other would not be possible without them. We have to accept certain smaller burdens of the environment, which naturally will have to be kept at the lowest possible level, in order to avoid or minimize greater damages to nature. In the broad group of industrial minerals and rocks there is a wide variety of mineral raw materials, which lend themselves for countermeasures in favor of the environment. To hamper their production and processing through excessive environmental regulations would make the protection of the very environment more difficult or even impossible.

Jan 1, 1995

By Hongsheng He, Xiaofang Lv, Jianfeng Wang

This paper provided an overview of characteristics of limonite ores as well as their influence on sintering performance. Evaluation experiments focusing on basic characteristics, granulation characteristics, and high temperature sintering characteristics had been conducted by using two types of limonite ores, then the principles of high effective utilization technology of limonite ores were discussed, and the sintering pot tests were conducted. Limonite ores possessed low total iron content, high combined water content, high SiO2 content, large average particle size, low adhering particles proportion, high porosity, high water absorption rate, short water absorbing time, poor granulation ability, high melt formation ability, low melt fluidity ability, low melt penetration ability, high melt absorption ability, low bonding phase strength, and high forming ability of SFCA. By taking the technical measures of ore-proportioning optimization, increasing the proportion of burntlime and segmentation granulation, the usage of limonite ores could reach 50% in sintering.

Aug 27, 2021

By Robert W. Bruhn

Ground movements associated with high extraction underground coal mining, such as pillar retreat and longwall, are sometimes large enough to disrupt the ground water regime as well as damage buildings and other surface structures. A U.S. Department of Energy/Bureau of Mines- sponsored subsidence study currently underway at Kitt Energy Corporation's Kitt No. 1 Mine near Philippi (Barbour County), West Virginia has provided an opportunity to monitor the ground water response above a mine panel during both developmental and pillar retreat mining. The initial findings concerning ground water effects presented in this paper indicate that total extraction mining produced significant water level declines in deep-lying strata but had little effect on water bevels at shallower depths.

Jan 1, 1985

By Christian F. III Baiz

Introduction A new mining agenda is before us. Born of government policies and world economies, the years ahead will show reduced growth. Metals, mining, and most other natural resource industries are inflation dependant and capital intensive. For these, a long period of contraction of outmoded and costly capacity will evolve. In some cases, this will be supplanted by new, lower cost capacity. But this will occur only if the cost of production - including cash operating and debt service costs - comes in at or below current market conditions. The industrial outlook for metals mining can be characterized as bearish. A US bank economist said mining companies planning their five-year forecasts should take current market conditions and straight-line them to the end of the decade. With low growth and low inflation, the real price of metals will remain flat or decline slightly. As a result, capital funding will be problematic. The low-cost producer will succeed. That means only the producer with low cash costs and low principal and interest costs per unit of production, will succeed. Gaining a perspective One must look back 30 years to see the evolution of the capital markets, for metal mine financing. This period can be divided into two economic periods. The 1950s were a time of stable economics. Mining companies earned and reported good profits. They had good corporate creditworthiness. In essence, mining companies of the 1950s were highly self-reliant. When equity infusions were needed, they were easily obtained. Financial management kept long-term debt low. Fixed rate, long-term financing was readily available in the long-term bond markets. The commercial banks of the 1950s were rarely used by the mining industry. When necessary, mining companies went to the banks for short-term financing - the kind that was needed for working capital requirements. Changing rhythms In the old rhythm there was an orderly market. Even into the mid-1960s, 75% of world annual copper production was controlled by eight companies: two in the UK, one in Belgium, and five in the US. During times of poor market demand, these producers would control supplies to the market. They took their losses out of retained earnings. Capital was easily restored during the ensuing good times. The new rhythm called for copper to be an economic means to a political end. Third World copper producers brushed aside the market fundamentals of commodity economics. Yet, the political solutions of these countries - their lack of response to the market - have seldom achieved their original objectives. Each commodity has its own old and new rhythm. Aluminum may have a similar rhythm, coming 10 to 20 years later than copper. By the late 1960s, changes were occurring. Inflation was on the rise. Ore reserve quality was falling. As a result, capital expenditures were necessary to maintain existing output. These costs created an increase in corporate leverage, thus adding to inflation and rising interest rates. Indicators A comparison of the gross national product (GNP) deflator index, consumer price index, and the metal mining deflator index is instructive. (Fig. 1 and Table 1). With 1972 equal to 1, note that the metal mining deflator reached its lowest point in 1967. From that point, the metal mining deflator has accelerated severely for 16 years. Only two minor downturns occurred during the business recessions of the mid-1970s and the early 1980s. In essence, Fig. 1 shows that while GNP has grown modestly, a miner's dollar in 1972 would require $3.48 in 1980. This is an almost 17% compounded growth rate over that eight-year period. Beginning in the late 1960s, for the first time in mine financing, the risk of success shifted from the corporate balance sheet to third parties. Limited-resource financings were taken up by banking syndicates that accepted certain of these risks. The lender needed to be well acquainted with the types of risks to be evaluated. These include resource quality and quantity, construction and completion, capital and operations costs, market risks, force majeure, and political and exchange rate risks. Project financings became the basis whereby mining companies were able to maintain their borrowing capacities. In essence, the lender was willing to share some of the project risk while only receiving lenders' returns on these investments. Over the last two decades, mineral project financings have become highly complex transactions involving multicurrency, multi-

Jan 8, 1985

By A. A. Campoli

A stress control design strategy was developed to minimize the explosive failure of highly stressed pillars, during room-and-pillar retreat mining conducted between stiff immediate roof-and-floor strata. A confined core coal pillar strength model was based on in-mine geotechnical evaluations of successful room-and-pillar and longwall bump control designs. Tributary area and linear shear angle approaches were used to estimate development and gob side abutment pillar loads for supercritical section widths. Subcritical width sections separated by barrier pillars to control stress within total extraction panels were optimized with the boundary element program MULSIM/NL.

Jan 1, 1994