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Computerized financial models can be used in all phases of the mineral industry from setting exploration targets to projecting profit plans for producing mines. In this presentation, I will use the example of an exploration company entering a new district to trace the application of financial models through the following intermediate phases. 1. Hypothetical analysis and strategy 2. First encounter of mineralization 3. Preliminary drill results - decision process 4. Feasibility studies 5. Post-feasibility negotiations 6. Producing mine 7. Acquisition of producing mines or mineral properties. I will conclude with a brief discussion of the mechanics of the financial models that we use at Wright Engineers Limited. As we progress through the seven phases, the availability and accuracy of the data will parallel the complexity and application of the financial models. However, the same basic financial models are utilized throughout the seven phases. I will begin by suggesting that the exploration group is somewhat autonomous and has the mandate to explore in Western Canada.

Jan 1, 1979

By R. J. Heath

Potassium, together with nitrogen and phosphorous, is one of the essential nutrients required for growth. All living things need potash and so the major demand for potash (approximately 95% of, total demand) is as a fertilizer. Traditional agricultural techniques relied on the return of organic materials to the soil to provide nutrient requirements and maintain soil fertility, and the prevailing low crop yields required little in the way of added fertilizers. But agricultural productivity has increased dramatically in recent times, and this increase in crop yields requires substantial amounts of added nutrients to keep the soil fertile. It follows that there will always be a demand for potash. There is no substitute. Other fertilizers that contain N and P are complementary and not competing products.

Jan 1, 1987

Integrated mining information and process control systems can reduce information delays, enhance decision making and improve the responsiveness of mining operations to, for example, variations in market conditions, mineral grades and ground conditions. This paper examines developments in the areas of: monitoring, data analysis and diagnosis,' communications systems; integrated mining support system;, and process and machine control. It concludes that the development of a comprehensive information technology plan is fundamental to the phased implementation of these technologies. In addition, hardware and software standards and concurrent digital design and simulation practices in selected manufacturing industries are examined and concluded to have relevance to the mining industry. Integrated information and process control systems will lead to emergence of the "digital mine". Such advances in mining information infrastructure as well as mining equipment will enable mining operations to shift from mass production methods to leaner production techniques. "Lean mining" aims to enhance and accelerate cash flow over the life of a mine by focusing on reduction of' throughput times; stockpiles for volume and quality control; and wastage and rework.

Jan 1, 1995

By K. F. Unrug

The concept of bolting mine roofs to prevent roof falls was initiated in the 1950's and was quickly accepted by the mining industry because it was inexpensive, effective and convenient. The principle regarding roof bolting were that: a) the loose and fragmented rocks were suspended from or clamped to more competent surrounding rock and b) generally, by clamping several layers of thin and laminated strata, a more competent monolithic beam is created.

Jan 1, 1991

By Bernard A. Grand, Gary A. Almeraris

This project involves the reconstruction of a 1,100 ft. long by 75 ft. wide segment of an existing 4 to 5 track subway under Northern Boulevard in the Borough of Queens in New York City. The project includes widening the existing subway to permit the construction of new inbound and outbound subway (T1 and T2) ramps adjacent to and under existing operating tracks. The plan of the project is shown in Fig. 1. Existing tall buildings along the job site and a contaminated groundwater plume under an adjacent rail yard required construction of slurry concrete walls along the east and west construction limits. Groundwater cutoff across the north and south construction limits of the subway was achieved by jet grout walls built across the subway invert slab between existing track and third rails. The work involved dewatering the construction site to a depth of about 50 ft. below street grade. This is a four year project and includes extensive work to maintain and protect subway and vehicular traffic of over half a million commuters a day through the work area. The project cost was $160,000,000.

Jan 1, 1999

By Graham A. Brown

Activities in offshore mineral exploration In Australia are increasing almost daily, at such a rate that this report will rapidly become out of date. At the time of writing, February 1967, there were no commercial discoveries of offshore minerals reported in Australia, although there has been definite encouragement in many fields. While this initial encouragement has not revealed any commercial mineral deposits offshore hopes are running high in Australia for success in 1967. Why should mineral deposits be expected offshore in Australia in the first place? The reasons are many. The minerals to be discovered also are many. The reasons are based on the history of alluvial and beach mining activities in Australia's past and at the present time, and on the physical environment of the vast Continental Shelf which surrounds the continent. A brief examination of the two primary features which are necessary before offshore mineral exploration can be contemplated should be, undertaken. Two favourable environments are necessary; firstly a Continental- Shelf to form a physical environment for the accumulation of the mineral deposits, and secondly a favourable political-legal environment to give the exploration companies adequate protection during exploration, and suitable long term arrangements for the exploitation of the deposits after discoveries have been made. Australia is well endowed with both of these.

Jan 1, 1967

By Chris Mark

In the wake of the Crandall Canyon mine disaster, the U.S. Congress asked the National Institute for Occupational Health and Safety (NIOSH) to study the safety of deep cover pillar recovery operations in the US. The legislation defined ?deep cover? to be greater than 1,500 ft, but NIOSH is also evaluating mines at depths greater than 1,000 ft when multiple seam interactions are encountered. By these definitions, there about 35 active mines that engage in deep cover pillar recovery, in the states of UT, CO, VA, WV, and KY. To date, NIOSH has documented ground conditions and ground control experience at nearly all of them. This paper provides an overview of current deep cover pillar recovery practice. Specific ground control issues that are discussed include: Pillar and barrier pillar design, ? Coal bumps, Thick seam pillar extraction, and ? Multiple seam interactions.? INTRODUCTI

Jan 1, 2009

By Robert Rautenberg, Ted Budd

The paper will discuss the successful construction of the largest dollar value ($194.5 million, U.S.) TARP (Tunnel and Reservoir Plan) project built to date for the Metropolitan Water Reclamation District of Greater Chicago. The mining and lining of the 18.5km (11.54 miles) tunnels will be emphasized. The tunnels were driven utilizing three TBMs ranging in size from 9.85m (32.33 ft) to 3.70m (12.16 ft) in diameter. The operations surrounding the 11,546m (37,876 ft) long 9.85m (32.33 ft) diameter tunnel will be highlighted. A total system concept was utilized to attain mining rates up to 29.3m (96 ft) per shift and lining productions of 58.5m (192 ft) per day. The reliability of these systems was instrumental in the completion of the project more than a year ahead of schedule.

Jan 1, 1995

By A. D. Paul, Yoon R. H., C. I. Basilio

Considerable amounts of Fe3+ ions are released into solution when coal is exposed to 1-3 M acid solutions. These ions superficially oxidize the coal surface, and are reduced to Fe2+ ions. When provisions are made to generate the Fe3+ ions in solution, e.g., by inserting an anode whose potential is above the reversible potential for the Fe3+/Fe2+ couple, considerable amounts of mineral matter are liberated from the coal matrix. With many eastern U.S. bituminous coals, this mineral liberation is achieved selectively without significant breakage of the coal. It is believed that this process is induced by the osmotic pressure set-up in the crevices between the mineral matter and coal that are exposed to the solution. A theoretical model predicting the osmotic pressure is presented in this work, along with some results obtained with different coal samples.

Jan 1, 1992

By Donald M. Keagy

How many times have you said or heard someone say, 'What are you doing right now?" And how many times have you heard the reply, "Breathing air!" Probably never, or at most only a few times in a facetious vein. Breathing air is absolutely necessary to sustain human life, and yet most of us take it completely for granted. Beginning ten to fifteen years ago there was growing concern on the part of the general public that pollution of the air is a threat to man's health and welfare. Concurrently much thought and effort was devoted to the task of defining and resolving the problem of air pollution. In the course of this effort it has become quite clear that our National policy in this regard should be founded upon three basic axioms: (1) Action should not be postponed until emergency conditions make it compulsory; (2) The air cannot be purified after it is polluted, and (3) Air pollution control cannot be accomplished without close cooperation among all levels of government, industry, and the public.

Jan 1, 1967

By Wallace W. Key

Problems of marketing industrial minerals to chemical manufacturers are manifold. In addition to the difficulty of establishing demarcation lines between "crude" and "processed" industrial (nonmetallic) minerals, and "industrial mineral compounds" further uncertainty exists because some chemical manufacturers do not talk the same language as the industrial mineral producer. For example, paint technologists use "rutile" and "anatase" to describe highly refined chemical compounds. The earth scientists use these terms to describe naturally occurring minerals. Further, marketing research problems are intensified because of the overlapping data of the Standard Industrial Classifications (SIC) groups, and the inexactness of "Chemical Industry," "Chemical and Allied Products Industries," and "Chemical Process Industries," which are widely variable in meaning but are often used interchangeably. Bureau of Mines information Circular 8244, "Minerals for Chemical Manufacturing," was the out¬growth of an attempt to unravel some of the problems caused by overlap of statistical data compared with actual industry practices. Using this study as a base, specific industrial mineral applications of some important sub-industry groups were analyzed for the; California chemical industry. Differences between local and national practices were compared. Practices usually differed, depending on cost and availability of alternate minerals, climate, idiosyncrasies, local regulations, and other conditions. Bureau of Mines Information Circular 8260, "Mineral Fillers for the California Pesticides Industry," is the first such analysis of, a sub-industry group. Other such studies are underway. Obtaining national data is easy, but to be able to compile meaningful information which can be revealed on a regional and State basis generally is difficult and often impossible. This paper will briefly emphasize some of the industrial mineral problems encountered, and bring out the needs and benefits being derived through the continued cooperation of authoritative officials concerned with supply and consumption of industrial minerals in government and industry.

Jan 1, 1965

By G. T. Adel

During the past decade, researchers at Virginia Polytechnic Institute and State University have worked to develop a novel flotation process for treating very fine particles. This process, which is now commonly known as [microbubble column flotation] (MCF), has been shown to be very effective in a number of applications related to fine coal processing. These applications include the retrofit of existing preparation plant circuits and the recovery of additional coal fines from refuse streams. In addition, work conducted under the sponsorship of the United States Department of Energy indicates that the MCF process is capable of producing superclean and ultraclean coals from many eastern U.S. coals. This paper describes some of the basic problems associated with fine particle flotation and the design and operational features of the MCF process used to minimize these problems. Also presented are the results of ongoing pilot- and field-testing programs.

Jan 1, 1989

By J. C. Monette

Stripping of gold and silver from carbon is effected by means of two main processes (AARL and ZADRA ). The main rate-enhancing parameter in the stripping of gold and silver is temperature. A secondary rate-enhancing parameter is ionic strength. (1) Stripping is usually conducted within a solution containing sodium cyanide (0.1 -0.5% ) and caustic ( 1 -3%). The development of a chemistry that increases the rate of gold and silver stripping from carbon in a manner proportional to its concentration is described. Its use in atmospheric and pressure strips is also outlined.

Jan 1, 1992

By Edgar F. Cruft

It is sometimes said that "mines are made, and not found". I rather doubt that the exploration geologist would be overly sympathetic to that statement, and, of course, like most one-liners it is only partly true. As an explorationist who has been involved in building his own company over the last ten years, and by necessity has become a financier, I can appreciate what real grains of truth are in that statement, however. Because technical people are seldom taught financing in their basic training, and because they are usually not involved in it until at quite a senior level in their careers, the whole field often acquires a certain mystique. The engineering professions have too often believed financing is the province of the accountant or financial executive and just as we in the technical world are often too quick to bristle if the latter try to tread on our domain, the opposite can just as easily be true. Unfortunately, this is another example of a compartmentalized individual, and that is one thing the successful financier cannot be.

Jan 1, 1979

By F. L. Wilke

A model is presented to minimize the winning costs per shift within the different sections of a potassium mine by liner programming and to simulate the other areas to get all costs in order to comp re different production strategies. he model is based on a a given total layout of the underground mining which is considered to be fix during the planning period. Room-and-pillar mining is assumed to be used. Potassium extraction is done by drilling and blasting. Transportation of the raw material to sectional crushers is done by scoop-trams where it is crushed to coarse-grains which allow further transportation by conveyor belts to the hoisting shaft or to a bunker. When production is stopped, the continuously working factory is supplied by means of this bunker. Starting from a desired composition of the raw material the model has to keep the given total. demand of raw material per shift, to minimize the winning costs, to keep the capacity constraints of the equipment and to determine the planned output of production of the sections per shift. Costs of the areas which follow the extractions are added to extraction costs in order to allow a comparision of costs of several alternatives of production. Optimization in extraction and assignment of scoop-trams to sections is done by linear programming. The other areas of the mine are treated by simulation. The model output is a schedule of the calculated costs broken down into costs of processes, equipment, and kinds of costs. This proceeding enables to compare different ways of production.

Jan 1, 1979

By V. Saltas

The present work investigates whether dielectric spectroscopy can be used to detect contamination, which may appear in a natural porous material, due to the spreading of pollution. For this purpose, dielectric and conductivity measurements, in the frequency range of 10mHz to 1MHz, were carried out in sandstone samples, partially filled or saturated with solutions of leachates, at different concentrations. The experimental results suggest that although the role of water is dominant to the measured electrical conductivity, variations of two orders of magnitude are observed due to the different concentrations of leachates, in partially filled sandstone samples. Experimental data are well fitted with a Havriliak?Negami dielectric relaxation function, superimposed with a conductivity term. The parameters of the fitting function have been correlated to the concentration of leachate in the sandstone samples and considerable changes have been observed at low leachate?s concentration.

Jan 1, 2005

By V. Avdiyskiy

The most pressing topic raised nowadays by the world community faces environment and social consequences of the business intensification process, primarily that of mining and mineral industry, which is through the number of its activities mostly associated with pernicious impacts. World top managers are confronted with the dilemma of reconciling traditional financial framework aiming at successful business development measured by revenues, shareholder value, profit margin and incorporating Sustainable Development (SD) at all levels of decision making process, avoiding depriving future generations of the means to meet their own needs. The rapid consolidation and globalization of the industry stipulates that companies are an integral part of the world economic environment. Therefore a company?s financial performance is under the pressure of operational and environmental performance. Among them special attention is paid to the social and economic background, the relationship with regulatory institutions, and the developments for environmental protection.

Jan 1, 2003

By D. Bizier, B. H. Gardner, Y. P. Wang, S. Serata

As part of an ongoing effort to develop more cost-effective and “user friendly” hardware for geomechanical measurements required for underground mine design, Serata Geomechanics, Inc. (SGI) has investigated the potential of borehole pressure cells (WCs) for in situ measurement of stress states and continuous monitoring of changes in ground stress. In particular, because of certain advantages gained thereby, WCs utilizing an elastomer, instead of metal (e.g., copper), for the skin of the pressure cell have been developed. A data analysis technique for determining ground stress state directly from BPC data has been developed. This technique has been tested for salt ground through both in situ applications and computer simulation analysis of the BPC/borehole boundary interaction. This paper discusses the data analysis technique, the results of field and computer simulation testing of its validity, and evaluates the advantages of elastomeric BPCs in relation thereto. It utilizes field data from recent elastomeric BPC applications in the salt mine at Goderich, Ontario operated by the Sifto Division of Damtarn Inc.

Jan 1, 1986

By [Miroslaw] M. Hajdasinsk

The identification of the real internal rates of return (IRR's) of a project is essential for its economic evaluation. The existing methods for the calculation of IRR's are both cumbersome and unreliable, mainly because of their inability to effectively isolate the real IRR's and incapability of discovering multiple IRR's of even multiplicity. In this paper, a concept of the 'cash flow pattern tree used for isolation of the real IRR's of a project is presented. This concept, combined with the Sturm procedure for counting the real distinct zeros of a polynomial within a specified interval, leads to the development of a method and computer program for isolation and calculation of the real IRR's of a project. The method examines whether or not real IRR's exist, and if they do, isolates them within bounded and narrow intervals in a mathematically founded way. The isolated IRR's, whether simple or multiple, are subsequently calculated either directly or by means of an appropriate approximation procedure. Numerical examples assist the development of the method and the corresponding computer algorithm. Because any Net Present Value treated as a function of interest rate can easily be transformed into a polynomial, the method presented also constitutes a method for finding the real zeros of a polynomial.

Jan 1, 1986

By M. Saidman, R. Pizzuti, R. Hirschfeld, A. J. Desai, J. Rand

Two bedrock tunnels, 170 to 250 feet deep and with a length of about 17,000 feet each, will be used to convey cooling water from the Atlantic Ocean to the Seabrook, N.H., Nuclear Power Plant. Seismic reflection and refraction surveys were used to obtain preliminary information about overburden and bedrock conditions. A major boring program, including core orientation and water-pressure testing, was undertaken to provide detailed geologic data. The results of the geotechnical investigation were summarized in terms of rock type, frequency and character of joints, degree of weathering, modified core recovery (RQD), pressure-test results and strength and hardness. These parameters were used as a basis for evaluating the feasibility of using a tunnel-boring machine, for designing and estimating the initial support systems, and for evaluating the grouting and tunnel lining requirements.

Jan 1, 1976