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By M. R. Julien, A. Maqsoud, J. Martschuk, B. Bussière

Acid mine drainage (AMD) from mine wastes is one of the most challenging environmental problems currently facing the mining industry. When mining wastes have the potential to produce AMD, the effluents produced have to be managed to meet existing regulations on water quality. The LTA impoundment (property of Barrick Gold Corp.) located near Malartic, Quebec, contains sulphide tailings that have the potential to generate an acidic leachate. The closure option selected by Barrick was to construct a cover with capillary barrier effects (CCBE), in which the moisture- retaining layer is made of non-acid-generating tailings. Since its construction in 1996, the cover has been monitored to evaluate its performance. For that purpose, various parameters have been measured, including the volumetric water content and matric suction in the different layers of the cover. This paper presents some of the main results from the monitoring program that started eight years ago. The results show that the cover is able to maintain a high degree of saturation in its moisture- retaining layer, acting as an oxygen barrier. The actual performance of the CCBE on the flat surface of the 60 ha site is better than expected at the design stage. The only concern with the LTA cover is the effect of slopes that can reduce the performance of the CCBE during dry periods. However, these effects appear only for short periods of time, and are limited to very localized areas, so that they do not significantly affect the overall performance of the CCBE and its ability to limit the production of AMD.

Jan 1, 2006

By M. Clotilde Apua, A. F. Mulaba-Bafubiandi

"The efficiency of hydrochloric acid (HCl) leaching of gold from low grade gold-bearing material has been investigated in the presence of sodium hypochlorite (NaOCl) to produce in situ chlorine gas which is an oxidizing agent able to oxidize gold metal to its soluble forms. The effect of concentrations of HCl, NaOCl, and mixtures of HCl + NaOCl was sought. Iron and potassium present in the feed were leached and consumed all the HCl. Gold found as inclusion in pyrite was not exposed to the lixiviant. Therefore, leaching of gold from low grade gold-bearing material in aqueous chlorine solution is not an effective process for now.INTRODUCTIONHydrometallurgy of gold is commonly based on cyanide leaching solution. Due to the environmental concerns related to cyanidation and mercury processes, and inefficiency of cyanide gold leaching to dissolve refractory ores, sustainable alternative lixiviant systems, capable of generating gold (I) and gold (III) complexes must be studied. Amongst non-cyanide gold lixiviants there is the chloride/chlorine system (Hilson and Monhemius, 2006; Senanayake, 2004; Pilsniak and Trochimczuck, 2007; Wang et al., 2007; Reeves et al., 1999; Khodadad et al., 2008).In practice, the most oxidizing agents utilized for the leaching of gold as chloride, are chlorine (Cl2) or hypochlorite (HOCl) which are either generated in situ by suitable reaction or added in solution (Adamson, 1972). The dissolution of gold concentrate using hydrochloric acid, sodium chloride and sodium hypochlorite (Cl-/HOCl system) were studied (Puvada and Murthy, 2006). The effect of NaOCl and NaCl concentrations were also investigated. The leaching was performed under the following conditions; time: 4h, solid–liquid ratio = 1:4, at room temperature. It was found that the increase of the NaOCl concentration from 25 to 75 g/L did not have any meaningful effect on the recovery of gold which was about 30% (experimental conditions; S/L ratio = 1:4, NaCl concentration: 25 g/L, HCl concentration: 0.35 M). It was also found that from 25 g/L to 200 g/L NaCl, the recovery of gold rose from 30% to 40% (experimental conditions; S/L ratio: 1:4, NaOCl concentration: 25 g/L, HCl concentration: 0.35 M)."

Jan 1, 2012

By R. W. Nice

Presently about 60% of the world's nickel resources are tied up with lateritic ores while about 25% of the world's nickel is produced from sulphides. Based on this the industry has to focus on improving lateritic nickel economics in order to maintain the high use of the metal worldwide. In 1997 three junior mining companies in Australia organised finance against all odds and commenced development of three separate nickel and cobalt extraction plants treating lateritic nickel ores. All three projects utilise similar pressure acid leaching (PAL) technologies while each has unique metal recovery technologies All projects have experienced numerous processing and maintenance related difficulties such that full ore throughput has been reached by only one operation after five years. This shortfall in performance has caused the owners considerable angst and financial pain. In 2000 Cawse went into receivership and was purchased by an international corporation. Recently, Bulong also went into receivership and has undergone an orderly shutdown, awaiting sale to a new buyer. Murrin Murrin has settled with its financiers and is in a position to operate as planned for many years forward. This paper will discuss a number of the technical difficulties that affect the ore preparation, PAL and solution treatment circuits of these plants. The objective is to identify the cause of some of the difficulties and propose possible solutions so that the next generation of lateritic operations can emerge as technically and, more importantly, economic successes. A number of these process improvements have been identified by the existing operators and in many instances have been or are being implemented into the existing operations.

Jan 1, 2004

By Jean-Pierre Birat, François Hanrot, Gérard Danloy

Global warming presents an enormous challenge to the steel industry, which is both carbon-intensive and energy efficient. Lean production can provide some short-term emission mitigation, at the level of the Kyoto requirements. In the middle term, more use of scrap will also help alleviate emissions. But to reach much larger reductions in GHG emissions, on a par with the likely targets that will be set after the Kyoto period, the steel industry will have to imagine new production paradigms, which constitutes its most formidable challenge for the years to come. Carbon capture and sequestration, processes leaner in carbon use, electricity and hydrogen from green sources will have to be added together in a patchwork of process routes, which will have to be developed at great risk in the next decade, hopefully through broad international cooperation.

Jan 1, 2004

By D. Rylander

The operation of Quarry and Aggregate sites are similar to factory production, since it contains sequential production processes, tasks and activities to produce the output product. Compared to the plant though, the quarry processes are generally not synchronized and controlled towards the overall throughput of the site in real time. Some quarries control parts of the production but do generally not utilize real-time technologies for the whole site and all its activities. This fact indicates a general improvement potential in increased productivity at quarry sites, but also unsolved challenges for the same reason. The main contribution of this paper is the presentation of a Lean based method for how to describe the processes to identify control improvement potential within a site. The aim of the identified improvements is to increase overall site productivity by optimizing site, fleet and machine utilization towards the overall throughput, and minimizing operational expenses and inventories. Further the paper exemplifies the method?s usability with field studies at operational quarry plants successfully identifying and quantifying potential wastes and improvements. In addition the identified productivity improvements based on increased control and automation indicate challenges and needs in wireless communication and sensing technologies.

Aug 1, 2013

By L. Zeng, Q. Feng, Z. Qiu, L. Ou, Central South University

It is well-known that the use of nanobubbles can significantly improve the flotation efficiency of ultra-fine particles. However, this is mainly focused on coal and phosphate rock flotation. In the field of nonferrous metal processing, the related research is few. In this paper, a small laboratory mechanical cell associated with a specially-designed nanobubbles generator was used to investigate the effects of nanobubbles on enhancing ultra-fine scheelite flotation. Nanobubbles were created and based on the hydrodynamic cavitation principle through Venturi tubes. Comparative flotation tests were performed using different tubes to evaluate the nanobubbles impact on the ultra-fine scheelite particle flotation recovery. In order to better understand the nanobubbles enhanced ultra-fine scheelite flotation, nanobubbles potential and size distribution were measured. The effect of nanobubbles on the particle aggregation and scheelite particles potential were also studied through the turbidity tests, microscope tests and zeta potential measurements. According to the results, the mean size of nanobubbles was about several hundred nanometers, and the surface of nanobubbles was of highly negative charge in alkaline conditions. The flotation recovery of ultra-fine scheelite particles was increased in the presence of nanobubbles. The zeta potential measurements indicated that the repulsive forces between scheelite particles decreased when nanobubbles existed. Through the turbidity tests and microscope tests, the promotion effect of nanobubbles on particle coagulation could be verified more directly. The existence of nanobubbles in flotation system promotes the particle aggregation, thus increasing particles apparent size and particles capture by bubbles, which may be the fundamental reason why nanobubbles enhance ultra-fine scheelite flotation.

Jan 1, 2016

By M. S. Millman

Close monitoring of performance at each process stage, from raw material through to finished product, is vital for operational consistency and the production of high quality steel. However, many of the integrated iron and steelmaking process route stages operate under such severe conditions of temperature, dust, water, thermal radiation, vibration, pressure, vacuum, extreme dynamic events, high material flows, corrosion, erosion, electrical-noise, electromagnetic-noise, or audio-noise that, in general, it is a very difficult challenge to obtain useful information for control. Thus, state-of-the-art non-contact and remote sensors are applied to help monitor and control specific process operations. Often, these sensor systems have been developed especially for the steel industry and they are based on four principal technologies: Laser, Microwave, Electro-Magnetics and Thermal Imaging with supporting technologies such as: X-ray Fluorescence, Audiometry, Digital Image Processing, Radio Telemetry, GPS and many others. These advanced sensor technologies are reviewed with respect to their application at various stages along the integrated process route.

Jan 1, 2004

By Alan E. Renshaw

"This paper is a practical overview of ways to reduce cost in the design and operation of an Arctic mine. The economically important issues of the Arctic mine that will be addressed include: permafrost and the active zone in general terms; road building in and over permafrost; Arctic geotechnical mine design considerations; pit dewatering techniques in sub-zero temperatures; and blasting frozen materials with techniques to obtain optimal results. A final section on a few special topics conclude this paper.Although this paper primarily refers to near surface conditions more closely associated to an Arctic surface mine, many of the ideas and techniques contained in the paper also apply to the surface construction of an Arctic underground mine."

Jan 1, 1996

By Robert A. Bosschart, Harold O. Seigel

"Most electromagnetic methods presently used in mining exploration are of the moving source type; i.e., the primary field source is moved simultaneously and in a fixed configuration with the receiver. Of the fixed-source methods, which employ a stationary primary field and a moving receiver, the Turam method is the most effective and has marked advantages over alternative electromagnetic methods. The results are little affected by topographic relief, and a high degree of resolution can be obtained because of the constant relation between source field and investigation area. Another inherent advantage of the Turam configuration is that it provides more favourable dimensional relations. Thus, the primary field attenuates at a much lower rate than in moving-source configurations and, secondly, the method is size sensitive; i.e., conductor size affects the strength of the response, which is not the case with moving-source methods. These factors result in a considerably better potential depth penetration."

Jan 1, 1966

By E. Bratygin, G. Gazaleeva

"The article describes the analysis of methods and criteria of selectivity of optimal ore preparation schemes. Traditional criteria based on study of physical-mechanical properties of ores give the comparison of obtained figures with a reference standard or statistic data and the selection of the ore preparation scheme is made on a basis of a similar scheme from the existing production.Further on estimation is given to different criteria of the crushing selectivity, the new criterion is offered, the definition of which is done by results of an optical microscopy– the estimation of a valuable mineral release degree. The final estimation of the crushing process selectivity L? is performed by a calculation of a ratio of the valuable mineral free grains quantity in a desired size grade of a crushed material to the valuable mineral free grains quantity in a desired size grade of a raw product.Besides, optimality assessment of using the specific crushing unit is preliminary performed according to a maximum crushing degree of a material, however, the priority is given to the maximum selectivity criterion. The check of the proposed criterion was done when comparing the crushing of niobium bearing ores of the Vishnevogorskoye deposit in cone inertial and centrifugal impact crushers. Different operation modes of crushers were also checked. The comparison of the crushing selectivity criterion L? showed that the centrifugal impact crusher (CC) has the value of the selectivity criterion lower than the cone inertial crusher (CIC). For the crusher CC the criterion L? is 0.82 – 0.87 units, whereas for the crusher CIC – 1.43-1.755 units. The best crushing mode for the crusher CIC-300? is as follows: turning angle of debalance is 120°, peripheral speed of a cone rotation – 1,420 rpm, specific energy consumption – 6.99 kW?t/t.INTRODUCTIONIt has been shown that the most efficient techniques of mineral raw materials disintegration are selective crushing enabling to produce liberation of particles at maximum use of destruction techniques by borders of minerals cleavage. These days, such techniques are usually called special disintegration techniques (Jankovic & Valery, 2015), and they are used in 3–4 crushing stages. The selection of optimal crushing techniques is performed based on the following main parameters:- degrees of crushing, calculated based on granulometric features of raw and crushed products;- selectivity criterion defined according to useful mineral release and slime ability degree; and- traditional criteria (Gazaleeva et al., 2015) of choice based on study of physical-mechanicalproperties of ores gives the comparison of obtained figures with a reference standard or statistic data and the selection of the ore preparation scheme is made on a basis of a similar scheme from the existing production."

Jan 1, 2016

By Steve Custer, Chris Bennett, Patrick Garretson, Glenn Dobby, Jacques McMullen

"Barrick Gold is in the process of expanding one of its grinding circuits at the Goldstrike property as a response to both increasing ore hardness and increased ore sensitivity to finer grinding as it relates to gold recovery. The plant currently operates with two parallel grinding lines, each with a SAG mill, a pebble crusher, and a ball milling arrangement. As part of determining what additional equipment was to be required, a CEET evaluation program was conducted (CEET is an acronym for Comminution Economic Evaluation Tool). The work included: Development of a hardness ‘model’ for the ore body, as described by SAG Power Index and Bond Work Index;Site benchmarking surveys to fine tune the SAG and ball mill calibrations within CEET;Conducting CEET studies to examine the process options;Comparing CEET results to standard grinding circuit design techniques.The recommendation of the study, presently being implemented, is the installation of an additional ball mill on one of the two grinding lines. This paper reviews the sizing techniques applied, providing a CEET case study for circuit performance analysis and circuit design. OVERVIEW OF COMMINUTION AT GOLDSTRIKEOre feeding the autoclaves at Goldstrike are first processed through two parallel grinding lines. Both lines use SAG mills with cone crushing of pebbles followed by ball milling. A summary of the key circuit parameters is provided in Table 1. Line 1 primarily processes underground Meikle ore, although when no Meikle ore is available, it processes open pit Betze ore. Line 2 processes Betze ore exclusively. The Mill Line 1 P80 objective for Meikle ore is 74 microns. According to the recovery optimization analysis, a P80 of 90 microns was recommended for Betze ore. The potential however exists to perform co-mingling of both ore types and feed the higher grade Betze ore to Line 1, in which case the P80 of 74 microns would be retained."

Jan 1, 2001

By S. Mostaghel, Fariba Azgomi, Steven Goodman, M. Oliazadeh

"It is known that copper loss to the slag phase can be in the forms of chemical dissolution and mechanical entrainment. The contribution of each mechanism to the total Cu-loss depends on different parameters and may vary significantly. To reduce emissions to the atmosphere and to shorten the converting cycle, most industrial processes are aiming at production of high matte grades. Increased oxygen-to-sulfur potential, required by these processes, results in a highly oxidized slag, which in turn leads to an increased concentration of the chemically dissolved copper in the slag phase. Hence, slag cleaning processes are becoming increasingly important for economic viability of the smelting operations. Hydrometallurgical, pyrometallurgical, and mineral processing routes have been used for copper recovery from slag. The current article reviews a trade-off study evaluating two of the commonly used methods (namely flotation and electric slag cleaning furnace) by comparing the technical pros and cons, operability/maintenance requirements, and capital/operating costs of the operations.INTRODUCTIONLarge volumes of smelter and converter slags are produced by copper smelters around the world. It is estimated that for production of each ton of metal 2.2 tons of slag is produced (Gorai, Jana, & Premchand, 2003). Considering the current pressure on the mining and metals industry for “zero-waste, sustainable and environmentally friendly” extraction of metals, it is absolutely essential for metal producers to improve their efficiencies in order to remain competitive. To meet these objectives, almost all metal producers, from steelmaking plants, ferroalloys, base and precious metals producers, are trying to reduce their metal losses to the slag phase. In particular, copper producers are aiming to produce higher matte grades in their smelting furnaces to reduce the converting time and improve their overall throughput. Copper smelters need to minimize their copper/precious metal losses to the slag phase before final landfilling/use of slag. The current article, therefore, briefly reviews the copper loss to the slag phase, methods of metal recovery from the slag and then presents a trade-off study conducted for a green field flash smelter of the sulfide concentrates. A comparison was made between two of the major process routes for metal recovery from slag, namely slag cleaning furnace and flotation."

Jan 1, 2016

By F. Czerwinski

Mechanically fragmented chips of an AZ91D magnesium alloy were transformed into a semisolid slurry within the Thixomolding® system. Microstructural analysis of a material at various processing stages revealed that the cold deformation of the alloy, experienced during chipping, led to the recrystallization and growth of equiaxed grains which were subsequently converted to the globular structures by melting the grain-boundary network.

Jan 1, 2004

By N. Razavinia

Most mining and metallurgical industries produce relatively large quantities of low grade waste heat which they vent, for the most part, to the environment. To date, little is being done to recover some of this heat and transform it from low grade to a high grade energy form such as electricity. A few decades back this was also true of paper, plastics and metals. Recycling was not a prominent activity. Today, we all know that it is and that recycling is a must for sustainable development. To this end, we feel that we are now at that point in time when the recycling of waste heat to electricity must be given serious consideration. By recycling waste heat one can achieve at least one if not two of the following benefits: 1) reduction in the carbon footprint ? by improving the overall energy efficiency of a process, and 2) production of electricity at an economically viable cost. We have developed a process that captures, concentrates and converts (3 C?s) waste heat to electricity. The process comprises 3 distinct interacting units. The first unit captures and concentrates waste heat using heat pipe technology. The second unit converts some of the concentrated heat to mechanical work which can then be readily converted to electricity. This unit is based on the classical piston/cylinder engine arrangement that is widely used by consumers to power systems with compressed air, for example. The third unit of the process dissipates the heat that the engine cannot convert to high grade energy. It also uses heat pipe technology to achieve this. The combination of the 3 units forms a unique system for recycling waste heat. This paper describes the system and it presents some results that show how the system can be made to be economically viable.

Aug 1, 2013

By W. B. Gallup

"The Athabasca Bituminous Sands have been subject to sporadic investigations since the beginning of the century. It is probable, however, that much of what has been learned and achieved concerning the deposit has been accomplished in the last few years.Current exploratory techniques, generally speaking, involve a moderate amount of coring. Electrologs and often radioactive logs are run on most holes and certain types of these archieved excellent qualitative analysis when backed up by some core analysis for calibration. Exploration - is moving back from the river and consequently a permanent network of access roads has been developed within the last few years. Most of the operations take place in the winter time. There are about 90 permit holders at the present time.Some exploratory techniques are set up to go into recovery experiments where rich tar beds are found. It is probable that in the final analysis there will be several successful methods of extraction and that both mining and various in situ techniques will be applicable depending upon the problem locally."

Jan 1, 1960

By S. J. van Rensburg

Competition for resources, including water and arable land, refocused attention on water and gold tailings management with respect to quantity and quality. MINTEK established and validated an "Advanced Leach Facility" to record kinetic leach information aimed at gold refractory sulphide ores. This facility was developed because of the need for additional leach process information to enable proactive decision making. Instead of focussing on optimised gold recovery only, the impacts of pre-oxidation methodologies were evaluated by considering key parameters, including cyanide speciation, reagent consumption, thiocyanate, arsenic, heavy metals, salt loads, water quality and residue stability. Results from oxidative leaching of a refractory gold ore employing oxygen, ozone, ultra-fine grinding, high shear and pressure oxidation are discussed. The relative cyanide and lime costs and environmental and sustainability effects associated with these technologies are briefly outlined.

Jan 1, 2011

By C. Larsen, R. A. Walker, A. Voth, C. Daoust

"The 3000 t/d mill at Hernia Gold Mines Inc. was commissioned in March, 1985. By Canadian standards the concentrator is highly automated, however, unlike the retrofit systems in many other plants, the Hernia process control system was installed during plant construction. This paper describes the Hernia control system beginning with system development (justification, architecture, start up, etc.), proceeding to current applications (crushing, grinding, leaching, etc.) and finally discusses some of the short term objectives for system improvement.INTRODUCTIONThe Hernia Gold Mines Inc. operation is located in the Marathon area of Northwestern Ontario. Controlled by Noranda Minerals Inc. (50.1 %), the cost of bringing the mine into production was nearly $300 million. A unique feature of the mine development was the extraordinarily short elapsed time of three years from Noranda's initial involvement to the start of milling operations. Additional background information on this project can be found in the trade literature (e.g. Tinter (1986). Scales (1987).)The Hernia concentrator is designed to process 3000 tpd of ore and commenced operation in March, 1985. Figure 1 provides a general plant flowsheet indicating the major circuits. Typical annual production statistics are included on the figure and these have been extrapolated from the available 1987 year-to-date data. Larsen and Tessier (1986) have previously described the operational aspects of the mill.In a metaphorical sense, the Hernia concentrator is like the traditional bride, ""wearing something old (e.g. the cyanide leach process), something new (e.g. a plant wide digital control system installed during construction), something borrowed (e.g. crushers from Gaspe) and something blue (e.g. the cladding on the surface buildings). While the prospect of fully undressing this bride is of considerable interest, here we choose to focus on something new. In particular, we choose to examine the process control system in some detail since Hernia is one of Canada's more highly autcmated gold mills. The control system is of interest because it has received suostantial credit for maximizing metal production and minimizing operating costs. With reference to the latter, it is worthy of note that Hem lo reports recent operating costs of less than $100 U.S./oz."

Jan 1, 1988

By L. Vinnett, T. Ledezma, F. Contreras, F. Díaz

"Mass balances in secondary grinding are subject to critical constraints mainly because of the unknown load distribution from the SAG mills, the uncertainties in the hydrocyclone split estimations and the lack of flowmeters in the key streams. In this paper, a methodology to support mass balances based on the use of radioactive tracer is presented. This approach was successfully implemented in two secondary grinding circuits of Minera Los Pelambres, which operate with ball mills of 21’ x 33.5’. The method allowed the load distribution of the SAG product (secondary grinding feed) to be determined. This load distribution was used as an input in the mass balance data reconciliation.The effective residence times of solid tracers were obtained in the secondary grinding equipment, where irradiated solid was used as a tracer. The residence times were obtained from the parametric deconvolution between the input and output tracer signals. The model fitting was performed to reconstruct the normalized output tracer concentration. Effective residence times of solid tracers in the ball mills ranged from 1.9 min to 9.5 min. The use of radioactive tracer measurement in grinding circuits is a powerful tool to consolidate mass balance results as well as to characterize grinding mills.INTRODUCTIONGrinding is the last stage of the comminution circuits. At this stage, the ore particles are reduced in size by a combination of impact and abrasion, either dry or wet (Austin & Concha, 1994). The grinding equipment mostly used in industrial operations correspond to horizontal tumbling mills (Wills & Napier- Munn, 2006). Tumbling mills employ steel balls or rods as grinding media. Ball mills, which are a type of tumbling mills, use steel grinding media with greater surface area per mass unit than SAG (semiautogenous grinding) mills or rod mills (primary grinding). Hence, the ball mills are suitable to obtain the particle size required in the next separation stages (Napier-Munn et al., 1996; Wills & Napier-Munn, 2006)."

Jan 1, 2016

By Robert T. McKnight

"Traditional techniques for valuing resource projects companies have been primarily based on discounted cashflow methods (DCF) or by comparison to similar projects with an apparent market capitalization. Many resource projects are really forms of options to invest rather than a future cashflow stream. Employing the DCF method to value a resource project which is really an option to invest, can dramatically underestimate the real value of the project. The analytical tools required to evaluate options, while more complicated than the usual spreadsheets used for DCF, are becoming more easily available and usable by managers. This paper will discuss the background of options valuation and some of the tools which will make it easier for managers to estimate the value of projects and companies which have significant real option values.ResumeBob McKnight is a graduate of the University of British Columbia in Geological Engineering, supplemented by an MBA from Simon Fraser University. Following several years in the oil patch with Cities Service and Brascan, Bob returned to Vancouver in 1979 to work for Wright Engineers. He subsequently went on to work for Cassiar Mining, Getty Resources and Endeavour Financial before joining Pincock Allen & Holt Ltd. in 1998. His experience ranges from exploration to feasibility studies, financial evaluations of mining and oil & gas projects, due diligence, project finance, valuations and mergers and acquisitions. He has extensive international mining experience pertaining to such countries as Chile, Mexico, Uruguay, Thailand, Indonesia, Angola, Papua New Guinea, Kazakhstan.What are Options?Options have been around for centuries. They were familiar to Roman and Phoenician traders who were shipping cargoes from Mediterranean seaports. In the financial world, options are types of contracts that generally include the right, but not the obligation, to buy or sell a share, currency or commodity. The underlying commodity price or share price changes are assumed to be lognormally distributed. In this context, options are of two general types, ""call"" options and ""put"" options. Call options have the characteristic of having the right to buy a tradable commodity or currency at a predetermined price for a specified period of time. For the owner of call options, they become more valuable as the price of the underlying commodity increases. For the seller of call options, these options become an increasing liability as commodity prices rise, since there is the obligation to sell the commodity at a predetermined (perhaps lower-than-market) price. This characteristic of call options recently became high profile with the sharp rise in gold prices last year. The value of gold call options sold by certain producers increased their associated liabilities to the point where margin calls were made."

Jan 1, 2003

By J. Muralha, L. Lamas

"Given the results of triaixial tests, regressions are commonly used to evaluate the parameters of failure criteria that model intact rock strength and to perform statistical inferences used to evaluate characteristic values defined in EC7. Statistical robustness of these inferences is affected if the basic hypothesis underlying regression are not met, namely homoscedasticity (constant variance of the errors). This paper presents analyses of 23 sets of triaxial tests, starting by the evaluation of the regression parameters of the Mohr-Coulomb linear criterion and of the Hoek-Brown non-linear criterion, followed by carrying several statistical tests to check the homoscedasticity null hypothesis of independence between the variance of intact rock strength and the confining stress.INTRODUCTIONThough rock engineering design is clearly included in the scope of Eurocode 7(EN1997-1), its implementation raised a wide discussion regarding the applicability of structural safety concepts to geotechnical design of construction works in or on rock masses. The basis of the limit state design philosophy adopted in EC7 is that, for each particular design situation, all the possible limit states for a structure, or part of it, shall be considered and that it shall be demonstrated that the likelihood of any limit state being exceeded is sufficiently small. Though EC7 allows the limit states to be verified by one or a combination of methods, use of calculations is by far the most used, and it is often confused with the EC7 itself. It involves using characteristic values of actions, ground properties and geometrical data, as well as obtaining their design values by the partial factor method.Characteristic value of a given material property is defined in Eurocode (EN 1990) as: “value of a material or product property having a prescribed probability of not being attained in a hypothetical unlimited test series. This value generally corresponds to a specified fractile of the assumed statistical distribution of the particular property of the material or product”. As regards the design value of a material or product property, according to the Eurocode it is a “value obtained by dividing the characteristic value by a partial factor”."

Jan 1, 2015