Search Documents

By C. Musingwini, A. S. Nhleko

"Since the Global Financial Crisis (GFC) in mid-2008, capital has been more difficult to access. Mining projects must contend with projects from other industries for scarce capital. A decision to invest available capital in mineral projects requires that valuation be conducted to assess the expected return on the projects. The discounted cash flow (DCF) analysis is generally applied for the valuation of mining projects, whereby future cash flows are discounted to present value using an appropriate discount rate. The discount rate significantly affects the outcome of a valuation. Economic and finance theory provides tools to calculate discount rates. The discount rate must account for factors such as the risk and stage of development of the mineral project; hence the appropriate discount rate to utilize in a project is often a subject of debate.The discount rate is the weighted sum of the cost of debt and equity. There are several methods for determining the cost of equity. This study considers the commonly applied Capital Asset Pricing Model (CAPM) and Gordon’s Wealth Growth Model because of their simplicity and availability of parameters required to estimate the cost of equity. This study explores how differences in the cost of equity obtained by these two methods can be explained for a mining environment. Data for empirical analysis were collected from the I-Net Bridge, McGregor BFA, and Bloomberg databases. It was found that Gordon’s Wealth Growth Model provides better estimates of the cost of equity compared to the CAPM under depressed market conditions. Therefore, this research recommends that Gordon’s Wealth Growth Model be used to estimate the discount rates for mining projects during periods of depressed market conditions."

Jan 1, 2016

By Sergio Neves Monteiro

This work had as its objective the characterization of a waste material, steel slag, generated from an integrated steel plant, with a view to its recycling and incorporation into red ceramics fabrication. The characterization was performed in terms of chemical composition by X-ray fluorescence (XRF), particles size distribution, X-ray diffraction (XRD), thermal analysis (DTA/TG) and scanning electron microscopy (SEM). The results indicate that the steel slag presents high amount of Ca, Fe, Mg and Si. The weight loss of the steel slag at temperatures above 800oC is associated with calcium carbonate decomposition. The coarse particle size of the steel slag is inadequate for its direct recycling into red ceramic fabrication. It is necessary to screen or to grind the waste. As a possible solution, it is suggested that screening or grinding the steel slag to a convenient particle size distribution would allow its successful industrial incorporation into red ceramics products.

Jan 1, 2006

By L. H. DeWald

During the examination of various commercial brands of copper wire bars, which had exhibited different degrees of adaptability for being drawn into fine gages of wire by the present-day high speed machine, it was found that each brand had a more or less characteristic crystal macrostructure. The extremes of these macrostructures are similar FIG. 1.-EFFECT OF METAL TEMPERATURE IN CASTING ON CRYSTAL MACROSTRUCTURE OF BAR. Reading from left to right, metal temperatures were 1166" C., 1149" C., 1132" C.. 1121" C., 1093" C. to the maximum variation shown in the photomacrographs reproduced in Fig. 1. As the various brands did not differ materially in chemical composition, it was concluded that the differences in structure were the result of variations in casting technique.

Jan 1, 1931

By R L. Langak, R A. Heins

The use of differences in specific gravity between minerals to separate them has long been utilized in the extractive industries. The environmental and cost benefits of the commercialized forms of these processes are well understood and widely used. Gravity concentration is used inter alia in the primary beneficiation of gold, diamonds, coal, tin, ferrous metal ores and andalusite. The potential for economic loss due to poor performance of these gravity processes is significant, but diverse in manifestation and regular process monitoring can prevent or at least reduce these losses. The measurement of performance of gravity processes has always presented a challenge, due primarily to the masses of material involved and the physical nature of the processes, generally typified by long reporting time, and hazardous materials (such as Tetrabromoethane) for float and sink type tests. The development of density tracers has improved this situation, however recovery of these tracers from the process streams created the next set of challenges, requiring significant manpower to physically remove tracers from product dewatering screens. Additions to these tracers (magnetic or x-ray fluorescent) eased the recovery mechanism issues but made them much more expensive to produce, hence operators became concerned about losses during process testing. In addition, magnetic recovery of smaller size tracers by a magnet suspended above a loaded screen panel is still problematic. The development of new low cost magnetic tracers has improved statistical significance of tracer tests, as the tracers themselves can be bought and used in much larger quantities, whilst still remaining economically viable. Coupled with the development of effective magnetic recovery technology, such as the Gekko MagScreen, for even fine sized tracers, on-line, continuous tracer testing is now becoming a reality. Whilst the development of high technology radio frequency detection tracer systems continues, enabling the real time measurement of the process and interpretation of results, miniaturization and recovery of these tracers, which is critical given their costs at present, remains an issue. Keywords: Gravity, process measurement, tracers, magnetic recovery

Jan 1, 2006

By Wilbert J. Huff

The organization of the Explosives Division has been outlined in two preceding publications., The activities of the various units for the fiscal year 1939 are described hereafter: I. INFLAMMABILITY OF GASES AND VAPORS DETERMINATION OF EXPLOSION HAZARDS OF COMBUSTIBLE GASES AND VAPORS IN MINES AND INDUSTRIES (a) Determination of Limits of Inflammability of Gases and Vapors The following hitherto unpublished limits of inflammability were determined during the past fiscal year.

Jan 1, 1939

By Kadri Dagdelen

Design of the ultimate pit limit to direct long range mine planning has been a celebrated problem in the mining industry, and in mining academia, since 1965. Although many papers have been presented on this topic, even today, there is not a single solution technique which is widely accepted and considered universally best. Many philosophical differences exist among the pit planners concerning the use of different methods and it appears that resistance is very strong towards accepting other techniques if you are a believer in one. Whatever the case might be, the pit parameterization technique for the ultimate pit limit design is the latest and takes a different approach than its predecessors. There are already a number of papers which discuss the concepts involved (Francois-Bongarcon, 1976; 1978; 1980; 1981); however, the aim of this paper is to fill in some of the gaps which are thought to be missing in the previous discussions and, in addition, to present the recent research done on the subject at the Centre de Geostatistique de l?Ecole de Mines de Paris in Fontainbleau, France. This paper is divided into two parts. The first part will discuss practical aspects and interpretations of pit parameterization concepts with- out using mathematical or theoretical arguments; the reader who is interested in the theory should refer to Francois-Bongarcon (1978). The second part will present an approach to obtain a complete double parameterization of reserves using an inexpensive (computer costs) single parameterization algorithm. A case study of this approach is also included.

Jan 1, 1982

By Wilbert J. Huff

The organization of the Explosives Division has been outlined in two preceding publications.3/ The activities of the various units for the fiscal year 1939 are described hereafter: I. INFLAMMABILITY OF GASES AND VAPORS DETERMINATION OF EXPLOSION HAZARDS OF COMBUSTIBLE GASES AND VAPORS IN MINES AND INDUSTRIES (a) Determination of Limits of Inflammability of Gases and Vapors The following hitherto unpublished limits of inflammability were determined during the past fiscal year.

Jan 1, 1939

Some important mineral fields are referred to in discussing the formation of placer deposits in Australia.Testing methods include boring by hand, with percussion rigs, with auger and pit digging drills, and by vibro drilling.Sampling errors are minimized by the use of correct techniques and equipment for boring, sampling and sample dressing. A hypothetical set of data is used to demonstrate the final process of evaluation, and somerelevant taxation provisions are discussed.

Jan 1, 1966

By G. M. Molinda

Ground Penetrating Radar (GPR) is being investigated for the potential to determine roof hazards in underground mines. GPR surveys were conducted at four field sites with accompanying ground truth in order to determine the value of GPR for roof hazard detection. The resolution of the current system allows detection of gross roof fractures (>63 cm (s1/4 in) zone) or rider beds in coal measure roof. Data quality is not yet sufficient to detect small bed separations or subtle lithologic changes in the roof. Differences in data quality are discussed, as well as suggestions for collecting improved data.

Jan 1, 1996

By C. Dirscherl, M. Combes

"Declining ore grade, leading to increased material transport and plant throughput requirements, is one of the major challenges in the current mining environment. This is accompanied by rising energy and labor costs, decreasing plant productivity and the requirement for highest plant availability. Siemens’ answer is the latest gearless drive technology for grinding and conveying. Gearless drive solutions are surpassing the mechanical limits of conventional drive systems serving to utilize the principle of economies of scale. By elimination of various components of the drive train the maintenance activities and spare parts inventories are reduced. The advantages are culminating in the incomparable availability of the Siemens’ gearless drive technology of 99.46 to 99.71% - as confirmed by real operational data from the Antapaccay mine in Peru. It was the first plant worldwide to use gearless drives for both applications.INTRODUCTION – THE GEARLESS PRINCIPLE The principle idea behind a gearless drive system is to reduce the number of components and diversity of parts. Especially those components that are at the edge of current manufacturing or power limits are eliminated. The used equipment provides the possibility to scale up and increase the power transmitted to the driven machine. This finally results in a possible increase of throughput respectively transported or processed material. In order to apply this principle of simplification we will take a look at the components of a conventional drive system consisting of: - Driven equipment (mill, conveyor, slurry pump) - Components altering the rated speed (gearboxes, girth gear / pinion) - The electric motor - Starting devices for the motor (VSD, CCV, LRS, clutch), which are necessary because a direct across-the-line start of high power motors with load would result in a significant drop in the line supply voltage - Alternatively a variable speed drive (VSD) or cycloconverter (CCV) to utilize the possibility of speed variation during operation - The electrical supply system (cables, switchgear, transformers, protection equipment)"

Jan 1, 2014

By Helga Larravide

A new on-line database of literature about copper has been created through a joint undertaking by the Copper Development Association Inc. and PROCOBRE-Chile, with funding provided in part through the International Copper Association, Ltd. The new database will permit Spanish-speaking technologists to access publications maintained by PROCOBRE-Chile by means of standard keyword searches. In addition, a new Spanish- English thesaurus has been written to enable Spanish-speaking individuals to search d access the Technology and Environmental databases of the Copper Data Center, which together comprise more than 80,000 publications dealing with the production, properties, uses and environmental effects of copper. Planned expansion of the new Spanish literature database is described.

Jan 1, 1999

By Arno C. Fieldner, Howard I. Smith, J. W. Paul, SAMUEL SANFORD.

Many mine samples of coal are analyzed each year in the laboratories of the Bureau of Mines. The analyses are made in connection with investigations relating to fuels belonging to or for the use of the United States Government, the causes of accidents in coal mines, the geologic relations of coal beds, and the character and the value of the coal and lignite in the public lands. The systematic collection and analysis of such samples in connection with fuel investigations was begun in 1904 at the Government fuel-testing plant at the Louisiana Purchase Exposition, and was under the direction of the United States Geological Survey for six years. Descriptions of the coal samples collected between the beginning of this work, July 1,1904, and the transfer of the fuel-testing and mine-accident investigations to the Bureau of Mines, July 1, 1910, were compiled and published in Bureau of Mines Bulletin 22.a Descriptions and analyses of samples collected during the fiscal years 1911 to 1913 were published in Bureau of Mines Bulletin 85.b The present bulletin presents analyses and descriptions of samples collected during the fiscal years 1913 to 1916. In order that the material in this bulletin may be used to supplement that presented in Bulletins 22 and 85, the same plan of geographical classification has been followed, the analyses and descriptions of the samples being grouped in alphabetical order according to the State, county, and town near which the mines or prospects sampled are situated.

Jan 1, 1918

By A. R. Biggart, A. Walters, G. J. E. Kramer

The Owner Procurement Process or OPP is a proven, viable alternative contract delivery method that is potentially applicable to many tunnel projects. Using the OPP, the owner specifies and procures major tunnel construction items such as tunnel boring machines and tunnel linings and provides them to a tunnel excavation contractor in order to manage risk and accelerate project schedule. However, due to industry perceptions regarding potential owner risk, it is seldom considered or is rejected out of hand. In fact, past performance demonstrates that the process significantly minimizes owner, contractor and over-all project risk and mitigates the impact of any claims and differing site conditions. The paper outlines how the process should be structured to achieve schedule, cost, quality and risk management benefits. Potential and perceived disadvantages are discussed and how the process can be structured to mitigate or avoid them. The planned implementation of this process on the tunnels for the Silicon Valley Rapid Transit Project in San Jose, California is discussed.

Jan 1, 2005

Case I- Timber Pile Test- 4 pages describe the pile driving record, the pile load test and the boring log. Case II- 24 inch square prestressed concrete pile-5 pages give details about the pile driving, the boring log, the pile driving record, and the pile load test. Case III- 12 inch square prestressed concrete pile- 5 pages describe the compilation of SPT blow counts for the whole project, the pile driving record, the pile load test and the detailed boring logs. The 70 foot long pile was driven by a Vulcan 08 pile hammer. Case IV- 12 BP 53 Steel H pile- 3 pages give the pile load test, the pile driving record and the nearest boring log. The 64 foot long pile has its tip at elevation 908 ft. and the ground is at elevation 972 ft. The contractor augered to elevation 959 ft. before driving the pile with a Conmaco 08 single acting pile hammer. The hammer had an 8000 pound ram, a rated energy of 26,000 ft-1b., and a 7 1/2 inch thick asbestos cushion. Dynamic measurements were made during driving of the test pile and measured a hammer energy equal to 12,500 foot-pounds.

Jan 1, 1988

As it is my opinion that deep alluvial mining in Victoria and in the Murray Flats in New South Wales is practically in its infancy, and considering that we, the old school of alluvial miners, who have thirty or forty years' experience to guide us, must in the natural order of things hand over the management of our mine, to the younger and less experienced' generation of miners, I thought that as our Association has been formed for the purpose of disseminating information and the exchange of ideas, a few notes on the practical working of alluvial mines might be of some service to aspirants for the position of mining manager.The greatest difficulty the alluvial miner has to contend against is the immense quantity of water contained in the drifts overlying the wash in the gutters or ancient river beds, and to cope with this water successfully and economically is the point to be aimed at by our mining managers; and if they thoroughly understand this part of their business in all its details, they will not only win kudos for themselves, but will be the means of saving large sums of money to the companies they represent, and, in many instances, will make a success of a venture which otherwise might be stopped for want of funds before it is properly proved. At the present time, although we have had over forty years' experience indraining the deep leads of the colony, I regret to say that a large amount of ignorance still prevails amongst both directors and managers.

Jan 1, 1901

By Christopher Mark

Perhaps the most significant development in coal mine ground control during the last century was the introduction of roof bolting during the late 1940’s and 1950’s. From an engineering standpoint, roof bolts are inherently more effective than the wood timbers they replaced. Roof bolts promised to dramatically reduce the number of roof fall accidents, which then claimed hundreds of lives each year, and they were initially hailed as “one of the great social advances of our time.” Roof bolting also emerged at a time of rapid technologic transformation of the coal industry, and greatly accelerated the transition to trackless, rubber-tired face haulage. The U.S. Bureau of Mines quickly became the new roof support’s strongest advocate. Some state agencies and miners were skeptical at first, but nearly everyone was soon won over. Case histories were reported showing that roof falls could be largely eliminated while productivity increased dramatically. Little wonder that, in the words of one contemporary observer, “roof bolting has been adopted more rapidly than any other new technology in the history of coal mine mechanization.” Yet by the end of the 1950’s, it was clear that roof fall fatality incidence rates had actually increased. It would be another decade before the superior ground support provided by roof bolts would clearly save lives. The story of how roof bolting was implemented by the mining industry, but took so long to live up to its promise, is a fascinating example of the interaction between economics, technology, regulation, and science. It still has important lessons for today.

By Reynold Q. Shotts

A study was made of the coal resources of an area in Jackson County, Ala., forming a part of the Flat Rock, Henegar, and Stevenson quadrangles. The area studied is a portion of the Plateau coalfield on Sand Mountain and is near the Tennessee Valley Authority's Widows Creek steamplant. Since no detailed geological study of this area had been published, some reconnaissance work was done. The coalbeds and adjacent strata such as sandstones, conglomeratic sandstones, and conglomerates were studied. Available drill logs, together with the areal geology, provided sufficient information to permit correlation of the coalbeds and an estimation of coal reserves. For all categories of reserves, computed on a regional basis, a total of 72,920,000 tons of coal more than 14 inches thick is estimated for the areas studied in Stevenson, Flat Rock, and Henegar quadrangles. Of this tonnage, 40,001,000 tons is estimated to have less than 60 feet of overburden. The total measured coal reserves for the above three quadrangles are 16,359,000 tons, with 12,411,000 tons under less than 60 feet of cover.

Jan 1, 1966

By S. M. M. Safvi, A. Jowett

Small-scale continuous flotation tests are described in which the influence of 1) pulp density and 2) feed rate on the rate of flotation are investigated. The results provide further evidence of first-order kinetics for flotation and indicate that tests at different feed rates provide a particularly simple method of determining rate constants. Flotation kinetics are discussed in general terms. Over a period of many years numerous research workers have studied the rate of recovery of valuable materials from flotation pulps with a view to deter-mining the mechanism of the froth flotation process. Froth flo ation is fundamentally a collision process involviug at some stage collision and then mutual attachment between air bubbles and mineral particles. It is possible to draw analogies therefore between the flotation process involving mainly macroscopic particles and the ordinary processes of chemical reaction kinetics involving collisions between atoms, molecules and ions. By adopting this analogy we may postulate a general equation representing the kinetics of the flotation process: -dC/dt =K.CC ,Aa (1) The rate constant, K, will be a complex function involving reagent concentrations, particle and bubble sizes, induction times and no doubt flotation cell design. However, these are factors which can be kept constant in any series of experiments, permitting investigation of the exponents a and c, which determine the order of the reaction occurring in flotation. The various research investigations carried out so far have all aimed at evaluating a and c and in the majority of cases only since the concentration of air has usually been kept constant in a series of tests, so that a relationship of the following type has been investigated: -dC/dt = K1 Cc (2) The techniques of both batch testing and continuous testing have been used to investigate this relationship. The technique of continuous testing, in which steady-state conditions are established, permits direct investigation of the above equation. In the case of batch testing, C is decreasing continuously

Jan 1, 1961

By D. Lindeman, R. M. Nendick

"From a technologist's point of view, there have been few fundamental 'breakthroughs' in the process of gold extraction since the turn of the century. However, the industry has made a great deal of progress in its response to the problems that have arisen: a changing demand for products, lower grade and more refractory ores, inflated labour and materials cost and the increasing control of governmental legislation. The trend in North America and South Africa to alleviate these problems has been to adopt a common policy to process larger tonnages of lowgrade ore through more efficient milling circuits. Here, however, is where the similarity ends.The purpose of this paper is to emphasise the different principles of practice employed by extraction plants in North America and South Africa to achieve the same common goal, namely gold bullion.2.0 INTRODUCTIONTwo very important aspects of extraction metallurgy for which the metallurgical engineer is responsible are plant design and plant commissioning.In North America and South Africa the importance of these aspects is due to the fact that both are related to the financial success of the project of which they form part. Good design is imperative if the capital invested in both the plant and the whole mining undertaking is to reap maximum profit. Furthermore, good design leads to a carefully planned and well executed start-up procedure resulting in bringing the plant into production on time, at designed efficiency and within budget.Due to the competent nature of the quartz pebble conglomerate and quartzite ore on the South African Witwatersrand, the characteristics of the ore type are not much different from one mine to the other. Thus a significant operating knowledge and experience has been built up over the years and there is considerably less risk in selecting a gold extraction process route."

Jan 1, 1992

By Paul Billingsley

THE purpose of this paper is a comparison, based on genesis, of the ore deposits associated with the igneous rocks of the central Montana Rockies. Considered separately, without attention to their origin, the orebodies appear to be distributed haphazard, with no fundamental laws controlling their position and character. It is believed, however, that if all the factors be weighed, this apparent confusion will to a large degree disappear. The, first essential to such a comparison is detailed knowledge of the individual mines, as to their geographic position (see Fig. 1), their mineralogical character, and in particular the derivation of their ores.1 The authors of this paper have pursued such an investigation for the past 6 years, and have accumulated a mass of evidence that enables a preliminary correlation to be attempted. It appears that the majority of ore deposits are genetically related to one or another of the igneous

Jan 4, 1917