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By Jaime V. Ongpin

"The author will give a capsule history of Benguet Corporation and attempt to identify its operating environment and underlying ""strategy"" until 1974, when the company's management assumed office. The company's operating environment and ""interim strategy"" from 1975 to 1980 will be described. The discussion will cover an environmental forecast and define the company's"" strategy for survival"" for the balance of this century.IntroductionIn December last year, I was asked to deliver a pa per for the management lecture series a t the Asian Institute of Management in Manila. The paper was entitled "" The 1970's: A Decade of Disaster For New Mining Projects"" . In that paper, it was my task to review the results of new mining projects in the Philippines during the previous decade. The task was not a happy one, for the results themselves were not only unhappy, but disastrous on a scale unprecedented in Philippine history. Out of a total of 17 major mining project s involving an aggregate capital investment in excess o f US $2 billion during the 1970s, only three project s have been profitable, and all the rest have either gone "" belly up"" or are teetering on the very edge of financial disaster.It is in the context of this shocking record of widespread financial dislocation in the Philippine mining industry, (which in varying degrees appears to have been paralleled in virtually every other country in the world where mining is an important sector of the economy) that I address myself tonight to the theme of this symposium. My paper is entitled ""Risk Management Strategy in Mining"" and it is sub titled ""Can Benguet Corporation Survive to Celebrate its Centennial in 2003?"". I have inserted the word ""Strategy"" and added the subtitle, because I wish to make it clear first, that my presentation to you tonight will be focused exclusively on the strategic aspect s of risk management, and second that I will limit myself to Benguet's own ""in-house"" experience and perspectives on this subject. I would caution you therefore, to consider my views within this restricted framework, and in light of the particular and sometimes peculiar circumstances within which Benguet Corporation operates."

Jan 1, 1983

By Jean-Luc Collins

"This new tool can be used as a quick guide f or the assessment of the potential economic wealth of any risky capital project. It does provide an unambiguous recommendation of the type ""go or no go"" to the decision-maker simply by comparing two different ratios profit/investment. One ratio determines the minimum value required to at least break even while the other measures a probable value based on the asymptotic theory of statistical extremes.Its application is briefly illustrated by means of an underground gold mine extension project, an oil sands mine project and a polymetallic open pit project.Once a favourable recommendation has been obtained then a detailed ""cash flow after taxes"" analysis can be carried out for the project.IntroductionMany tools are used in financial decision-making such as the payback period, the discounted cash flow, the internal rate of return and the wealth growth rate (Berry , 1971).These tools are useful and meaningful in evaluating normal projects closely related to regular business where the number of assumptions made is usually very small and where the cost of capita! is usually selected as a discount rate or a hurdle value. In situations where a significant number of assumptions have to be made,two problems can emerge, namely:I. the risk involved is underestimated leading to a potential financial disaster; or2. a good opportunity is lost because the approach used in evaluating the project is too conservative.Each assumption has its own degree of uncertainty and it is well known that combining uncertainties together can lead to a total uncertainty of critical proportion. The easiest way to account for risk is to increase the discount rate or the hurdle value, but this approach alone is quite subjective and can easily lead to the problems described above."

Jan 1, 1993

By B. T. Lu

The corrosion and wear properties of a series of chrome white iron (CWI) castings were study using electrochemical and low-stress sliding abrasion tests. The results confirm that the corrosion resistance of these materials is largely dependant on the quantity of chromium in the matrix, while the wear resistance is mainly controlled by the volume fraction of chromium carbides. A pseudo-wear/corrosion map is developed to identify alloy compositions that may be suited for erosion/corrosion conditions.

Jan 1, 2005

By Y. X. Li, L. R. Xiao, S. Gong, S. S. He

Porous copper and porous copper based alloys with controllable pore structure have been manufactured successfully by sintering evaporation process. This process consisted of mixing copper or copper based alloys with NaCl powders, hot pressing and final high-temperature sintering to evaporate the filler material of NaCl powders. NaCl was eliminated completely during vacuum sintering, and strong metallurgical bonding in the walls was achieved. The pores’ structural parameter (pore size, shape, and direction) and porosity can be controlled effectively. These porous copper and porous copper based alloys with controllable pore structure have great potential in many fields. Including heat dissipating materials, heat absorbing materials, chemical catalyst carriers, electromagnetic shielding materials, filtering materials, damping materials, silencing materials, battery electrode materials. INTRODUCTION The development of porous materials began in the 1960s. The research of activated carbon with high specific surface area made porous materials enter the stage of material research (Belyakov et al., 2008; Ferey et al., 2008). With the rapid development of science and technology, porous materials play an important role in material research, and gradually become an indispensable part of the material research field (Wu et al., 2012). The research of porous materials has gradually extended to metal, ceramics, plastics and glass and other fields. It has been successfully applied in many fields, such as functional materials, industrial production, aviation, medical materials, biochemistry and electronics, which fully shows that porous materials have considerable development prospects. Porous silicon, plastic porous materials and glass porous materials are the most widely used in the field of non-metallic porous materials (Capelle et al., 2012). Compared with non-metallic porous materials, metal porous materials have developed rapidly in the late 1980s and become new materials with good mechanical properties and excellent physical properties. Porous metal materials have many advantages, such as large specific surface, small specific gravity, good silencing effect, high stiffness, high electromagnetic shielding performance, good shock absorption performance, etc (Li et al., 1999; Ferey et al., 2008). Among its many applications, metal porous materials can be used as both functional materials and structural materials. In some cases, metal porous materials have dual functions and structures. It is a multi-purpose engineering material with excellent performance. At present, porous copper, porous aluminium and porous nickel are the most concerned materials (Chen et al., 2002; Yang et al., 2017; Liu et al., 2018). The preparation methods of porous copper and copper-based alloys mainly include self-propagating high temperature synthesis (SHS), capsule-free hot isostatic pressing (CF-HIP), spark plasma sintering (SPS) (Kvanin et al., 2008; Takahashi et al., 2008; Zhang et al., 2014). However, these methods can not accurately control pore structure parameters (including pore size, shape, orientation, distribution, etc.). In porous materials, pore structure plays an important role in the overall performance of materials. In order to control pore structure parameters accurately and optimize material performance, it is necessary to explore and develop new preparation technology. In this paper, the sintering evaporation process (SEP) was introduced for the preparation of porous copper and copper-based alloys. The core process of the preparation method is hot pressing and evaporative desalination. Hot pressing can make the pore orientation consistent. Evaporative desalination can ensure the complete removal of NaCl in the form of vapor in a short time, thus eliminating the corrosion of residual NaCl on the matrix metal (Gong et al., 2011).

Jan 1, 2019

By J. Pepin

When using alternating current submerged arc welding (SAW) to produce pipes from microalloyed linepipe steels, it is critical to balance penetration depth and deposition rates, in order to minimize the number of weld passes while still maintaining good heat affected zone (HAZ) microstructures and properties. A series of bead-on-plate (BOP) submerged arc welds were performed on X70 steel, using different waveform variable settings (i.e., balance, offset and frequency). Weld bead cross-section profile deposition and penetration areas were measured, and both Vickers hardness and Charpy V-notch impact testing were performed. Both single electrode and tandem electrode welds were evaluated.

Jan 1, 2011

By Gurinder Kaur

Selenium (Se) based materials find wide applications in rectifiers, solar cells, photographic exposure meters, data storage devices, xerography and anticancer agents. They are also used in the glass industry to eliminate bubbles and remove undesirable tints produced by iron. In addition, Se is highly reactive towards a wealth of chemicals that can be potentially exploited to convert Se into other functional materials such as CdSe, ZnSe, Ag2Se. Here, we report a review of structural investigations of Se based materials in glassy and nanostructured forms. Glasses having varying amounts of Se and Tellurium (Te) were doped with group IV and V elements such as antimony and tin. Structural changes accompanying the composition variation were characterized with x-ray photoelectron spectroscopy, differential scanning calorimetry and x-ray absorption near edge spectroscopy. At the same time Se-Te nanoalloys were synthesized in aqueous micellar phase using Na2SeO3/Na2TeO3 as the Se/Te source. Morphology change from nanoparticles to nanoribbons was investigated using Scanning and Transmission Electron Microscopy (SEM/TEM) techniques. Structural investigations were also done for well defined morphologies of Se based nano-biomaterials obtained in the presence of water soluble protein bovine serum albumin (BSA).

Aug 1, 2013

By K. C. Corin, Z. G. Song, J. G. Wiese

In the present investigation flotation was used as a diagnostic to understand the effects of changes to the media during the grinding stage. The observations from flotation for different media are discussed in terms of particle size distribution, water recovery, solid recovery and valuable mineral recovery. The chemical parameters; pH, redox potential (Eh) and dissolved oxygen (DO) levels were measured. A Base Metal Sulphide (BMS) ore was ground under media of different shapes and compositions to determine the effect of different rod/ball material on the flotation performance of the ore. For a given grind (D80 = 75 µm), media shape had no effect on flotation performance of a BMS ore. Different grinding media had significant effect on slurry chemical properties and flotation performance. Mild steel rods (RMMS) produced the highest solids recovery, nickel and pyrrhotite (Po) recovery, with the highest ethylenediaminetetraacetic acid (EDTA) extractable iron and the lowest DO level. Chrome steel balls and stainless steel rods produced the lowest metal recovery, EDTA extractable iron and the highest DO level. A complementary study was conducted to investigate the effect of using different grinding media compositions, viz, ceramic, forged steel, 15% chrome steel, stainless steel and a mixture of stainless steel and 15% chrome steel (50:50) balls were investigated using a Platinum Group Mineral (PGM), UG2 ore. Grinding products of five different media produced the same solids and water recovery, but the grades and recoveries of Platinum Group Elements (PGE) and chromite were different. Grinding products of ceramic media showed the best flotation performance, with the highest PGE recovery and the lowest Cr2O3 recovery. While grinding products of stainless steel balls (SS) produced the lowest PGE recovery and highest Cr2O3 grade and recovery in the concentrates.

Jan 1, 2016

By A. Vervoort, A. Govaerts

Geostatistical concepts are often difficult for students to understand, even those with a strong mathematical background. One of the main problems is the link between the variation of the parameter value in space or time and the calculated experimental semivariogram. Another challenge is differentiating between directional and omnidirectional semivariograms and their interpretation. For these reasons, interactive tools were developed based on the free public domain software R. The use of these interactive tools is limited to educational situations only (i.e., to visualize basic concepts). The interactive modules can be accessed at www.bwk.kuleuven.be/geostatistics.

Jan 1, 2014

By B. Fang

Electrochemical behavior of an X-80 pipeline steel, including frequency-sweep electrochemical-impedance spectroscopy (EIS), time-sweep EIS at a constant frequency and open-circuit potential (OCP) monitor, was investigated using four-point bending specimens subjected to a stress-corrosion cracking (SCC) test in a near-neutral pH environment, The capacitive loop became smaller with test duration, revealing an increase in the corrosion rate, The resistance obtained in the constant-frequency EIS test showed two regions, of which the region with a remarkable decrease in resistance transformed into a region of slow decrease, whereas the capacitance increased with test time indicating that iron dissolution was fast at first, and then a corrosion product or film formed and covered the surface, leading to the pitting formation.

Jan 1, 2005

By M. Bozorgtabar

Metal Matrix Composites (MMC) have a ductile matrix containing ceramic particles, Due to their improved wear properties, Al?SiC composites have economical applications in many industrial uses where wear is a problem, One of the most serious difficulties in manufacturing Al-SiC composites is obtaining adequate 'wetting' of the particles by the melt. In this research work, a stir casting system was designed for the improved manufacturing Al-SiC composites, The effect of some production variables such as the addition of SiC particles to the aluminum melt on wettability, was also studied. The results showed that the manual addition of particles would not be successful in manufacturing and that a system of adding silicon carbide particles through controlled temperature, atmosphere and improved mixing was needed.

Jan 1, 2005

By J. E. Dodge

Tasu, currently an open-pit operation, services the primary crusher from two areas by ore-pass raises. The problems encountered and advantages gained are discussed. Mine equipment and operating practices are covered, together with blasting practices, line drilling and the pre-shearing necessary to stahilize the pit walls.

Jan 1, 1968

By W. A. Dixon Edwards

Industrial mineral production in Alberta, worth $468 million in 1997, comes from a dozen types of industrial minerals, mined by about 400 producers. Cement and lime from Paleozoic limestone formations exposed along the Rocky Mountains account for the greatest production value. Sand andgravel is the primary source ofmineral aggregate. Almost two-thirds of this aggregate is consumed in the Edmonton and Calgary regions. Sulphur produced at 48 sour gas processing plants and two oil sands plants was valued at $84.8 million in 1997 and accounted for 80% ofCanadian sulphur production. Four companies solution mine the Elk Point salt beds to produce chlor-alkali chemicals, industrial salt and sodium chlorate. Natural brine is also produced as a dust control product. Al $22 million, peat moss is a major industrial mineral product in Alberta. Other minerals with noteworthy production include shale, stone, silica and ammolite. The commodities with the greatest development potential are diamond, silica and oil sands tailings by-product minerals.

Jan 1, 2001

By G. Knight

"Results of a program of dust research carried out at the Mines Branch Laboratory, Elliot Lake, indicate that dust-concentration estimates vary greatly, depending on the sampling instrument, the assessment technique and the properties of the dust cloud. The wide range of the ratio between the estimates by any pair of instruments shows that the correlation between the health hazard and dust-concentration estimates by most existing sampling instruments must be questionable. Important studies are being carried out to permit the definition of mine environments in more precise technical terms. The influence of size selection, the physical property measured, composition and sampling period on the assessment of the health hazard are discussed."

Jan 1, 1969

Most of automotive magnesium applications are presently produced by high-pressure die casting processes, For further expansion of the alloy usage in automobiles, novel-manufacturing processes needs to be developed, In this study, squeeze casting of AM50 alloy was carried out using a hydraulic press with an applied pressure of 70 MPa, Tensile properties and fracture behavior of the squeeze-cast AM50 were characterized in comparison with the die cast counterpart, The squeeze-cast AM50 alloy exhibits virtually no porosity in the microstructure evaluated by optical microscopy, The results of tensile testing indicate that the improved tensile properties for the squeeze-cast samples over the conventional high-pressure die-cast parts, The analysis of tensile behavior shows that the strain-hardening rate during the plastic deformation of the squeeze-cast specimens is constantly higher than that of the die-cast specimens. The SEM fractography evidently reveals the ductile fracture features of the squeeze-cast alloy AM50.

Jan 1, 2005

By K. Chotruangprasert

This paper explores Global Reporting Initiative (GRI) reporting practices within the mining industry. Specifically, this paper investigates how and why a mining company makes voluntary reporting decisions to include the GRI indicators that may be considered ?negative? to the company?s reputation. Due to the voluntary nature of the GRI Guidelines, a GRI adopter is not legally obligated to report every GRI indicator. Not surprisingly, empirical studies that evaluated the extent to which companies? sustainability reports meet the GRI requirements (Guenther, Hoppe, & Poser, 2006; Morhardt, Baird, & Freeman, 2002; Samy, Odemilin, & Bampton, 2010; Skouloudis, Evangelinos, & Kourmousis, 2009) have found that reporting practices of the companies under their studies are well below the standards reflected in the GRI Guidelines. An influential study by Clarkson et al (2008) uses economic-based and socio-political theories to explain variation in companies? environmental disclosure. They have found that, as predicted by economic-based theory, superior environmental performers disclosed more ?hard? (i.e. verifiable) environmental information. Inferior environmental performers are found to disclose more ?soft? (i.e., not easily verifiable) claims, which is consistent with socio-political theories (Clarkson, Li, Richardson, & Vasvari, 2008). However, this study and the existing literature do not adequately explain why a company may act in a way that cannot be explained by economic-based and socio-political theories, for example, why it would report some negative soft data that it is not required to report. This paper intends to address this literature gap. GRI reporting by a Canadian mining company, which I would like to call ?Company C?, is used as a case study for this paper. Company C was selected for this research because in addition to ?positive? information, its GRI-based sustainability report also includes both hard and soft ?negative? information such as grievances. Research methods include interviewing Company C?s employees who are involved in preparing GRI reports and reviewing documents prepared both by the company and by external parties. I find that integrative social contracts theory (ISCT) offers a valuable explanation to Company C?s reporting practices. From the ISCT perspective, Company C?s management appears to feel that the company is obligated under social contracts to be transparent. Therefore, Company C disclosed both positive and negative social and environmental information to the public because the management appeared to think that it is the right thing to do. At the same time, being transparent about the bad news gave the company an opportunity to conclude that it had done something to avoid future occurrence of the negative incidents. Therefore, I propose that, in addition to the economic and socio-political theories that are more often used in literature, insights from ISCT are instrumental in improving our understanding of the corporate non-financial reporting practices phenomenon.

Aug 1, 2013

By Balmer Neilly

To one with so little experience in matters pertaining to currency, international finance, and foreign trade, this is surely an ambitions venture on my part. However, this is a subject of prime importance to all seriously minded Canadians and, if we are to obtain any clear understanding of the factors involved, we must study the facts and debate such points as may remain at issue. During the last few years, the world' s better known economists have described the gold standard in all its ramifications and in such detail as to leave many of us even more confused than before. If we, then, are to acquire any real conception of its meaning and use, I think we must reduce it to its fundamentals and start from there. To my way of thinking, gold in ? trade and commerce is the symbol of honesty. When you seek to discharge a debt by tendering paper you hand the recipient an I.O.U. which may or may not be good, for the purchase of goods or services to the extent of its face value. When, however, you discharge a debt by the payment of gold, it constitutes a complete and final discharge. There are no reservations - no ifs and ands - and the transaction is definitely closed to the satisfaction of all concerned. Gold, then, is evidence of accumulated and transferable wealth that is immediately acceptable in practically every part of the world. However, there is not nearly enough gold to meet the demands of world trade, and. many years ago this deficiency gave rise to what we now describe as our banking system.

Jan 1, 1949

By F. Khomamizadeh

In this study, deep cryogenic treatment was applied to A319 cast aluminum samples. Although the cryogenic treatment didn't have any significant effect on mechanical properties of the well degassed and fluxed samples, but the tensile strength of the samples containing a considerable amount of gas and shrinkage defects was improved surprisingly, This improvement was attributed to the strengthening of the a-aluminum matrix which slows down the propagation of the existing defects. There was no significant increase in the hardness after cryogenic treatment, The abrasion resistance of the alloy was improved after cryogenic treatment, by developing a homogeneous protector shield, composed of abrasive grains penetrated into the soft aluminum matrix and kept tight.

Jan 1, 2005

By Walter I. Nelson

THE geology of the Copper Mountain mine has been ably described by Dr. Victor Dolmage in Memoir 171 of the Geological Survey. Reference is invited to that paper for a more extended description of the geology of the ore deposits than will be given here. The important orebodies of the mine occur in fragmencal volcanic rocks, parallel with and adjacent to the gabbro of the Copper Mountain stock. In the mine area, the contact strikes N.45°W. and dips either vertical or steeply co the southwest. For a distance of 500 feet or more from the contact, the fragmental rocks have been intensely metamorphosed both dynamically and hydrothermally. The dynamic effects are reflected in the foliation and fracturing parallel with the contact, which occurs throughout the mine, and the volcanic rocks within this foliated zone are, in places, highly schistose. Superimposed upon thi.s structure is a system of fine, straight, parallel frac-tures that strike nearly normal to the foliation (and contact) and dip between 65° and 75° to the north; it is with this last-described fracture system that the ore minerals are structurally associated. The fractures are mineralized with bornite and, to a considerably less extent, with chalcopyrite and some pyrite. A notable characteristic is the extreme fineness of the fractures; even in high-grade ore they are rarely larger than pencil lines. The tenor of the ore, therefore, varies directly with the fracture spacing. Replacemcnr of the host-rock between two or more fractures, varying in degree from finely disseminated sulphides to masses of nearly solid bornite up to 18 inches wide and 2 to 3 feet long, is not uncommon in the higher-grade portions of the orebodies. Two structural types of orebody are recognized in local nomenclature: the 'contact' orebodies, so-called because they occur along the contact; and 'outlying' orebodics, which are enclosed in the volcanics. The former arc tabular or lenticular bodies elongated along the strike and dip of the contact. The 'outlying' orebodies are coniform, chimney-like masses roughly elliptical in plan; with depth, their roots plunge at steep angles toward the contact. All of the orebodies are cut by a number of light-coloured granophyre and felsite porphyry dykes. These dykes-the so-called 'mine' dykes -enter the mine area from the north, curve gently southeasterly across the orebodies, and then cross the contact into the gabbro at the south end of the mine. All the dykes dip vertical to steeply east.

Jan 1, 1941

By G. Velarde

Agglomeration has as main objective to form a uniform and highly permeable heap for leaching. An inaccurate dosage of moisture during agglomeration leads directly to poor agglomerate quality and segregation of particle sizes during stacking. This causes a heterogeneous distribution of the leach solution inside the heap which invisibly and practically permanently affects the recovery. Unfortunately, only when this becomes serious and the mineral contains an excess amount of fine particles and/or clays then the poor permeability of the pile becomes obvious. This paper is based on the experience of Minera Cerro Verde in the development and application of a quantitative method to control moisture during agglomeration. As the amount of fine particles/clays varies, the quantity of moisture has to be altered in real time. The measurement of agglomerate electrical conductivity is used for it. This concept is based on the sharp change seen in conductivity when the mineral passes its absorption limit. A liquid conductive film then begins to form over the surface of the particles, which leads to the formation of agglomerates through liquid bridges, which are also electrical bridges. Moisture is adjusted to reproduce a value of conductivity established previously and is the guiding parameter. Moreover, moisture amount added to reach this conductivity parameter provides information about the fines/clays relative content for best leaching management.

Jan 1, 2004

By E. Godfrey

The average man one meets on the street thinks of an explosive as a medium of death and destruction, something unstable which should be given a wide berth, because he knows little or nothing about its use or its stability. Briefly, explosives are compounds that develop very large quantities of heat and gas in an extremely short time and in a small space, thereby exerting enormous pressure upon surrounding bodies, and by the rapid expansion of this highly heated gas are able to perform a considerable amount of useful work. The amount of heat generated and the volume of gas produced by the decomposition of an explosive determines the amount of mechanical work it can do, and the time occupied by its change from solid or liquid condition to gaseous condition determines its shattering effect. Explosives manufactured by reputable people are not extremely dangerous, on the other hand they are quite safe if handled in a proper manner. Furthermore, before an explosive can be placed on the Canadian market a sample must be submitted to the Explosives Division of the Mines Department, who may condemn or permit its manufacture, according to their findings regarding its safety in handling and its stability during storage.

Jan 1, 1926