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By Jinsuo Zhang

Investment in coal resource development is affected by a variety of uncertain factors. Investors can make a flexible, strategic decision to achieve the value of risk implicated in those uncertain factors. Therefore, based on real-option theory, we identified key uncertain factors that affect a coal resource investment project, and revealed the formation mechanism of option value in coal resource developing investment project. Then, a multi-factor decision making model was established for a coal resource development investment project with random changes of coal price, interest rate, convenience yield and production cost. Finally, we tested the model and analyzed relevant parameters by applying living data. Our results indicate this model reflects the value of risk implicated in uncertain factors for coal resource development investment, and is able to determine a critical point of decision making change when coal price and production cost varym respectively. By means of parameters analysis, the convenience yield has a positive effect on the project value. The interest rate has a negative effect.

Aug 1, 2013

By W. T. Irvine

"The H.B. Mine, a zinc-lead operation of the Consolidated Mining and Smelting Company of Canada Limited (Cominco), is in south central British Columbia, on Sheep Creek, a west-flowing branch of the Salmon River. It is 3 miles by road from B.C. highway No. 6, 30 miles south of Nelson, B.C., with an excellent highway connection to the smelter city of Trail, 35 miles from the mine. The nearest permanent settlement is the village of Salmo, 7 miles distant by road. The mine is situated along a belt containing other important zinc-lead deposits, including those of the Canadian Exploration Company, 3 miles to the south, and the Reeves MacDonald mine, 9 miles distant again to the southwest.Deeply oxidized outcrops were located in 1907 on the north side of Sheep Creek valley by two prospectors named Horton and Benson. The property was given the name H.B., after the two discoverers, and there commenced a long and intermittent series of mining operations designed mainly to develop and extract oxidized lead-zinc ore. In 1925 a determined attempt was made by a British syndicate to develop a large tonnage of sulphide ore, but this ended in failure after some 3,000 feet of lateral development had been done. In 1927 Cominco acquired the mine, but it lay idle until 1946 when a geological study was followed by a program of surface drilling which encountered extensive sulphide mineralization. An underground development program revealed more details of the deposit, and sufficient ore was found to warrant construction of a 1,000-ton mill. Mine preparation and mill construction were completed by early 1953, but production was deferred due to low metal prices. The mine was finally brought into production early in 1955."

Jan 1, 1949

By Ryan W. Siggelkow

Mines today use various methods of mining to extract ore. Because of the dangerous nature of many of these processes, remotely controlled LHD machines are being used to extract the ore from the draw point. The remote control system, although being made safer all the time, has remained virtually unchanged for many years. The basic functionality is an operator switching the machine to remote control, getting out of the cab, walking up a stand, operating remotely, returning to the cab, switching to manual, driving manually, switching to remote, and switching to manual. It seems repetitive, and time consuming, does it not? Networking, convergence, video, voice, and data infrastructures, and other technologies are growing by leaps and bounds in virtually every industry and region, except for mining. From the comfort of the living room couch, a Canadian can play hockey online with full voice conversations over the Internet with someone in Russia in real time. Yet, a mine superintendent must jump through hoops to have a private conversation with the front line supervisor underground. "Is Joe around anywhere?" If Joe hears the message, he will respond. If not, who knows? Maybe he's hurt. Maybe he's not. Where is Joe? Nobody really knows, and that is scary. Today, surface knows that the workers disappeared into the cage at 7:00 a.m. They also know that the workers will probably and hopefully return at 3:00 p.m. Is there not a better way to handle this? With such a complex industry, it seems as if, for the most part, the introduction of new technology into mining has either been overlooked or has been met with some resistance. It is time to step back, look at the process, and see how it can be improved. Key areas of focus will be safety, productivity, dependability, and cost-effectiveness.

May 1, 2010

By R. P. Viljoen, A. L. Sokolov

"The distribution of mineralized provinces is analyzed on the basis of their genetic link with specific blocks of the earth's crust including ancient platforms, mobile belts and zones of tectonicmagmatic activation. Mobile and fold belts surround the Siberian platform in Russia and the Kaapvaal craton in South Africa, with decreasing age zoning away from ancient platform margins. The main differences in the geological development of the two cratonic areas are: (1) the long period before the final stabilization of the Siberian platform (3600 Ma to 1600 Ma) and the comparatively short period of time for the stabilization of the Kaapvaal craton (3600 Ma to 3050 Ma) and (2) the intensive multiple activation of the marginal zones of the Siberian platform and the tectonicallycontrolled, magmatic sedimentary, intracratonic activity, typical of the Kaapvaal craton. Mineralization of the Siberian platform is largely characterized by marginal reactivation zones of differing ages although mineralized intracratonic Cu-bearing basins of Proterozoic age are also known. Mineralization of the Kaapvaal craton is mainly related to the formation of the intracratonic basins i.e., Witwatersrand (Au, U) and Transvaal (Au). The latter is characterized by multi-age volcanic-intrusive activity including the emplacement of Bushveld Complex (Cu, Ni, Pt, Cr, Au, V). The Siberian platform is characterized by the prolonged development of inherited mineralization from Archean until the late Mesozoic. The main period of mineralization in the Kaapvaal craton is restricted to the middle Proterozoic.The Baykal-Patomskaya and Namaqua-Natal mobile zones occupy similar positions adjacent to the Siberian and Kaapvaal cratons, respectively, and demonstrate similar modes of metallogenic development: i.e., the early formation of exhalative Pb-Zn-Cu deposits during the early stage and magmatic Cu deposits during the late stage. The more remote mobile belt near the Siberian platform, the Trans-Baykal, is characterized by intensive multi-age mineralization (Wo, Mo, Sn, fluorite), related to a period of tectonic-magmatic activation. The Saldania Belt occupies a similar position near the Kaapvaal craton but is known for its poor Au, and Cu mineralization. It does, however, have some similarities with Trans-Baykal Belt in regard to Mo-W bearing granitoids.The phenomenon of interference of geosynclinal, orogenic, platform, and tectono-magmatic activation regimes is known for the Russian section of the Pacific Ocean Volcanic Belt."

Jan 1, 1994

By E. Thomson

This type of microscopic investigation, although still in its infancy, has already found practical applications in several different phases of mining activity. The study of the transparent minerals in rocks, by means of the ordinary petrographic microscope, has for long been a very useful supplement to observations in the field, but the opaque minerals, until recently, have had to rest content with a more or less superficial determination with the hand-lens or the blow-pipe. In a great many cases, particularly where the association of metallics has been somewhat complex, this has been entirely inadequate, and the determination of these opaque minerals under the micro- scope, has opened up a new field of scientific investigation that bids fair to surpass, in practical value at least, the micro-scopic determination of the rock-forming minerals. As the details of this kind of microscopy are possibly not entirely familiar to all mining men, it might be well to outline them very briefly before dealing with the practical directions in which this method may be applied. The ordinary petro-graphic microscope, with but one extra attachment, will serve for this work. A small reflecting device, called a vertical illuminator, is inserted immediately above the objective lens. This reflects the light down to the surface of the specimen and from here the light is directed up the middle of the microscope tube to the eye. As it is desirable that the maximum amount of reflection should be secured from the surface of the section, it is first polished and set in a position perpendicular to the vertical axis of the microscope.

Jan 1, 1924

By R. R. Montigny

A brief description is given of the history, location and geology of the Granisle Copper Limited operation on Copper I land in Babine Lake. Detailed information is given with regard to pit design, planning, drilling, blasting, excavation and haulage. Equipment maintenance and mining costs are also presented.

Jan 1, 1971

The extractive industry has the potential to impact the health and well-being of workers, families and surrounding communities. In the current environment of social performance, project planning considers that activities should be conducted in the best environmentally, socially and economically acceptable way across the development cycle (i.e. from exploration ? post-closure). In this context, health impacts of mining can be mapped and extend over the Life of the Community and can encompass worker injury and disease, exposure to communicable and non-communicable diseases, and health outcomes specific to family and community health and well-being outside the fence. To contribute to an emerging field focused on Health and the Extractive Industry, this paper reviews and compares health activities extracted from social and environmental reports published by selected major mining, oil and gas companies with operations in Australia and Canada. The objective of this review is to map corporate approaches to public health management across our previously developed Life-of-Mine within Life-of-Community (LOMLOC) framework in order to identify and compare trends and behaviour in corporate health investments across the project cycle, as well as identify the level of prevention targeted by this investment activity (i.e. primary, secondary and tertiary prevention of detrimental health impact). With the extractive industry facing ongoing rapid growth worldwide, this paper provides preliminary comparative information about corporate health spending by some companies in Australia and Canada. This information serves as a resource for minerals industry managers, civil society and regulators regarding current health management approaches in this sector.

Aug 1, 2013

By J. Chretien

The ability to continuously monitor the air quality within a mine has become instrumental in becoming a low cost producer. The many considerations involved in monitoring air quality include sensor type, hardware placement, as well as data storage medium. BESTECH has had the opportunity to gain insight into these air quality monitoring considerations through deployments of NRG1-ECOTM, a minewide energy consumption optimization system. This paper explores the particular challenges overcome through these installations, and provides a set of guidelines for mines that want to maximize data capture while minimizing costs. It provides a view of additional benefits of air quality monitoring, such as ventilation control, reporting and trending.

Aug 1, 2013

By M. E. Coleman, G. Money

Pneumatic Conveying and Process Injection Technologies have been implemented in the metals markets for the last 40 years and have considerably improved the productivity and the performance of many processes. There have been many steps forward in handling technology and this paper seeks to consider those now offered by Clyde Materials Handling who as an established customer-driven solutions provider has turned its attention to supporting the Metals Market. Clyde seeks to utilise its knowledge, expertise and technologies to transform the production processes of its customers, who operate in the ferrous and non-ferrous metals industries.

Jan 1, 2008

By Morgan Schauerte, Laura Raimondi, Mariel Palomeque

Executives in the mining industry are facing dramatically changing market expectations on reporting and transparency regarding the environmental and social impacts of projects, supply chains and products. Companies increasingly need to disclose the governance procedures they have in place to ensure communities, investors, employees, and Indigenous partners are effectively managing social and environmental risks. These disclosure requirements begin during exploration and carry through to all stages along the project life cycle. This type of environmental, social and governance (ESG) disclosure is referred to as ESG performance by the investment community. ESG is not a new concept, and it builds on and is intertwined with many concepts such as corporate sustainability, corporate social responsibility, eco-efficiency, triple bottom line thinking, life cycle management and many others. This paper will explore how mining companies can develop a credible ESG governance approach and strategy that will reduce risk, open opportunities, and create value. This paper will summarise ESG trends and drivers, discuss the economics and investors’ perspective towards ESG, and outline leading ESG standards and guidelines of interest to investors, regulators, communities and other stakeholders. Linkage of ESG to global sustainability efforts such the United Nations Sustainable Development Goals and Global Compact will also be addressed.

Jan 1, 2023

By R. E. Ray

"As real estate for new development in urban settings becomes scarce, commercial high rises are being constructed above open passenger rail tracks and vehicular roadways. Rail and roadway overbuilds are treated as tunnels requiring emergency ventilation systems for train or automobile and truck fires. The value of floor space in residential and office towers poses challenges to engineers responsible for designing fan rooms and shafts for tunnel ventilation systems within the towers. This paper describes a case study of the unique incorporation of tunnel ventilation fan plants in the overbuild structure of a passenger railyard and an adjacent roadway.INTRODUCTIONTunnel ventilation systems are required for passenger rail and transit (subway) tunnels by the NFPA 130 Standard for Fixed Guideway Transit and Passenger Rail Systems, and the NFPA 502 Standard for Road Tunnels, Bridges, and Other Limited Access Highways requires tunnel ventilation systems for vehicular (road) tunnels. Passenger rail and transit (subway) tunnels are typically ventilated with a series of shafts placed longitudinally along the tunnels to provide piston relief for normal train operations and emergency ventilation of train fires utilizing reversible axial flow fans. The shafts are incorporated in dedicated ventilation buildings that house the tunnel ventilation fans and starters, switchgear to power the fans and other equipment and systems in the building, Programmable Logic Controllers (PLCs) to control fan operation with Supervisory Control and Data Acquisition (SCADA) software, and HVAC fans and ductwork to ventilate the spaces in the building. These ventilation buildings may also provide access to the tunnels below with ingress/egress stairs for use by first responders and firefighters entering the tunnels and train or transit system passengers exiting the tunnels in an emergency. A photograph of a passenger rail ventilation building that encompasses four tunnels is shown in Figure 1."

Jan 1, 2019

By Lawrence Devon Smith

The selection of the production rate is one of the most crucial decisions to be made in the development of a mineral property. However, it is not uncommon for the production rate to be decided arbitrarily, before any technical evaluations begin, and it is often not reconsidered when better data becomes available. A number of methods are used in the mineral industry to select the production rate for a project. There is general agreement that the size of the ore reserve has a strong influence on this decision, but what other factors are involved? Is there a way to identify an optimum rate? This paper examines the factors that influence the selection of a production rate from the perspective of project economics. The NPV maximum value should be viewed as a “failure” point. The “two times capital” maximum is proposed as a lower limit. A practical check is suggested to confirm that a selected rate is in an optimum range. Production rate assumptions are much more likely to be reviewed for marginal projects, but they should also be reviewed for viable projects.

Jan 1, 1997

By Shek N. Lau, Nicola Samman

"Enclosed gear cases on board heavy mining equipment have traditionally been lubricated with regular heavy duty gear oils. However, equipment manufacturers, have recommended the use of an ISO-1000 gear oil for this application to ensure adequate lubricant film strength, especially at the higher end of the working temperature range. The majority of these ISO-1000 gear oils are based either on residual/asphaltic oil or synthetics, primarily higher viscosity polyalphaolefins. Although the performance of these lubricants has been satisfactory, they suffered other shortcomings that equipment users have lived with over the years.The major requirement at the user’s mine was to provide lubrication for the shovel Hoist gear case. Within such a gear case design, the gears and the roller bearings, that have different lubrication requirements, are lubricated with the same lubricant. Several lubricants were used, light gear oils as well as the recommended ISO-1000 heavy gear oils. On the one hand, the lighter oils performed adequately for the lubrication of the bearings that formed part of the enclosed gear system. These lighter oils did not perform as well for the lubrication of the gears due to their lower viscosities, resulting in shorter gear servicelives.On the other hand, the ISO-1000 gear oils performed well for the lubrication of the gears, but were too viscous to creep into the bearing elements to lubricate them adequately, especially during the cold northern Canadian winters. This resulted in catastrophic bearing failures and secondary damages to the gears.The challenge, then, was to formulate a lubricant which met the 1000 cSt at 40°C viscosity requirement as stipulated by the equipment manufacturer, while satisfactorily lubricating the bearings at the full working temperature range. This was achieved by the development of a semi-fluid grease lubricant, which has proven in field trials to give adequate performance in this application for the lubrication of both the bearings and gears down to -40°C.This product met the equipment manufacturer’s performance criteria and resolved, to a large extent, leakage of the lubricant through seals experienced with the use of conventional and synthetic gear oils.Although the main performance criteria of the fluid was its capability to lubricate the “Hoist” gear case, it was also used during the field trial in other gear cases on board the shovel to test its full capabilities.This unusual alternative lubricant was field tested and evaluated for more than two years. Based on this assessment, the product was reformulated to improve its fluidity, slumpability and the settling of debris/wear metals to the bottom of the gear cases. This reformulated softer grade, a semi-fluid grease, has been performing satisfactorily for more than eight months and is still undergoing longer term assessment."

Jan 1, 1996

By M. N. Pons, F. Ferrari, V. Houzelot, B. Laubie, A. Bani, Université de Lorraine-CNRS LRGP

"More than 400 plants in the world are able to accumulate nickel in their aerial parts at concentrations higher than 10 g per kg of dry biomass. Then, nickel (Ni) can be recovered from the biomass of these hyperaccumulator plants. Agromining is a chain consisting in growing such plants and recovering metal and has been developed thanks to the combined know-how of agronomy and hydrometallurgy. Plants can be grown on serpentine soils, containing rather high concentrations of Ni, on sterile heaps or on contaminated soils. This crop enables us to extract Ni from secondary resources, and to improve soil quality by lowering its metal content. For example, Alyssum murale can be grown at the field scale in the Balkans, at yields corresponding to 110 kg Ni per hectare.Hydrometallurgical processes have been designed from the lab scale to the pilot scale to produce nickel salts: ANSH (ammonium and nickel sulphate hexahydrate), nickel sulphate, acetate, etc. and so on. These salts are used for surface treatment and in the paint and chemical industry. Ni salts are prepared from ashes, after plant calcination. Processes are based on the conventional methods of hydrometallurgy: acid leaching followed by different precipitation steps. These processes will be presented, as well as the pilot scale design. A life cycle assessment has been performed and clearly shows the environmental interest of this approach as a potential part of an anti-erosion strategy. An economic assessment has proved process feasibility and the final step is the launching of a start-up. At the moment, the approach is widened to other metals (cadmium, cobalt) and rare earth elements (REEs)."

Jan 1, 2016

By R. D. Livingstone

"THE LETHBRIDGE COAL FIELD lies mainly .to the north and west of the city of Lethbridge. Mining carried on in this area for over eighty years until 1965. Before the building of a railway the coal was carried by bullock wagon to Montana for use in smelting, and for a while by river boat to Medicine Hat for railway use. The single, almost flat, worked seam is designated the ""Galt"" seam and is about 1.5 metres thick. It belongs to the Belly River formation and is under cover of 80 to 180 metres of weakly stratified sediments. A complex system of cross faults adds to the mining difficulties. Close timbering required in the entries and rooms reflected in a high timber cost and lower output per man shift. The coal is High Volatile"" C"" bituminous in rank with maximum gross calorific value of 11,200 Btu per pound and with a well defined cleavage. Roof conditions in the field range from very tender and very heavy on the south end of the field and west of the Oldman River to a more stable character to the north. Relatively speaking, the whole field would earn a rather tender rating and definitely so in relation to many U.S. fields. Floor conditions are characterized by a bentonitic type heaving in the south end of the field west of the Oldman river to a more stable situation in the north, which can tolerate shuttle car operation if kept drained. Water problems are minimal, except paralleling the Oldman River, where the seam dips below the river level. While vigilance is necessary to prevent accumulations of gas, the volume is rather limited. The seam was entered by shafts, except where small mines were located along the Oldman river banks and gained access by drifts. The coal seam was developed by driving either 3 or 4 Face entries 2 1/2 metres (8 ft) wide on 18-metre ( 60-ft) centres. Sets of dual butt entries driven at right angles to the Face entries completed development work. Normally rooms up to 8 metres wide were turned off the butt entries on up to 11 - metre centres. These were worked in groups of three to five, depending on the roof conditions, and normally advanced 60 m (200 ft). In some areas rooms had to be abandoned short of their objectives due to roof pressure, heaving floor and intermittent work."

Jan 1, 1985

By D. Sammut, F. Houllis, J-L. Huens, J. Moyes

The Intec Gold Process has been developed as a halide-based alternative for the recovery of gold from refractory sulphide deposits. The halide medium allows sulphide oxidation and gold extraction to be performed concurrently at moderate temperature and atmospheric pressure sourcing oxygen from direct air injection. The dissolved gold is loaded onto activated carbon and stripped in a conventional Zadra circuit. High gold extractions have been achieved from a range of refractory gold concentrates at laboratory scale, which has led to a continuous locked-cycle pilot plant program. The pilot plant operated at >99% availability, with a maximum of 96.5% gold extraction from a concentrate containing 58.6 g/t gold. >99% of the dissolved gold was loaded onto carbon at up to 1% w/w, with no loss of carbon activity detected over five loading/washing/elution cycles. This paper describes the process and presents both laboratory and pilot plant results as well as economic data from two costing studies.

Jan 1, 2005

By P. Hr?enjak

Two groups of methods are usually used in design procedures of underground excavation of dimension stone: the analytical and numerical methods of analysis. In all of these methods the in situ rock mass strength represents the main problem. This is due to massive rocks in dimension stone deposits, consisting of large blocks of rock separated with particular discontinuities, for which the Hoek-Brown empirical criterion, developed for jointed rock masses, cannot be realistically used to estimate rock mass strength, especially for a particular block of rock mass or a particular pillar. On the basis of the regular underground excavation process of dimension stone by separating blocks with the flat jack application, we developed the in situ flexural strength testing method. We carried out numerical analyses and evaluation of uncertainty of measurement in order to validate the in situ flexural strength testing method. On the basis of very good validation results, as well as results of the in situ flexural strength testing of exploitable layers on the ?Kanfanar? quarry, we introduced a new coefficient of reduction, which can be used for correction of other strength parameters determined by laboratory testing for obtaining a realistic value of rock mass strength.

Aug 1, 2013

Current AG and SAG mill circuits have continued the trend to larger, fewer mills. These large mills place a significant additional load on the discharge systems and it has become imperative that the designs of these mill discharge systems are evaluated carefully to ensure maximum efficiency and have the capacity to be able to handle the increased mill discharge volumes. The current generation of multiphysics modeling tools allow a detailed analysis of AG and SAG mill discharge performance. The combination of Discrete Element Method modeling and Computational Fluid Dynamics allows the designer to model in detail all aspects of a mill discharge performance. This includes a detailed description of the build-up of solids and slurry in a mill discharge, the recycle of material back into the mill through the grates, the relative wear rates and the occurrence of overloading at the pinch points. These tools allow intelligent decisions to be made regarding the type of discharge arrangement, pan lifter geometry, and discharge cone design, so as to ensure that the discharge is capable of handling the duties required for a specific installation. This paper details the current state of the art in these modeling tools, and provides an overview of some recent applications.

Jan 1, 2012

By R. J. Rotzinger

The Gibraltar Mine and Mill facility were commissioned in 1972 by Gibraltar Mines Ltd utilizing a flowsheet consisting of two stages of crushing followed by a rod mill / ball mill grinding circuit. During operations a number of opportunities were evaluated to expand the mill capacity; however, the economics of the day did not allow any of these projects to proceed. The mine continued to operate until late 1998 when it was shutdown and put on care and maintenance due to low commodity prices. Taseko Mines acquired Gibraltar in 1999 and in 2004, with the improvement in the metal markets, made the decision to restart operations. During the restart planning a number of opportunities for mill improvements and upgrades were identified and, after operations were successfully restarted, the decision was made to once again review expansion opportunities for Gibraltar. Taseko evaluated various expansion alternatives eventually deciding to install a SAG Mill, convert the existing rod mills to ball mills and distribute the SAG discharge to the resultant six 6 parallel ball mills. This paper discusses the design, implementation and commissioning of the SAG mill grinding circuit.

Jan 1, 2012

By T. Möller

Grinding mills are the heart of the mineral processing plant, and are production-critical machines which are required to achieve high availability. Liner wear life and a liner design that promotes ease of installation are important variables to achieve a high level of mill availability. Increased mill size results in more mill internal surface to protect, and more liner components to install and remove. This drives designers toward an increase in liner size to minimize the number of components to be installed by the liner handler. The liner attachment method can also have a large impact on mill availability as well as safety during installation. This paper outlines the experience from the development, installation and follow-up of liners installed in two 38' x 45' AG Mills at Boliden Aitik in Sweden. A new Poly-Met shell liner concept has been developed to minimize the number of liner components. The new Poly-Met shell liner components are made much larger than conventional Poly-Met or steel liners. This reduces the number of components to be installed/removed by the liner handler and helps to minimize installation time and consequently down- time. A new attachment system has also been developed to eliminate the need for the installation crew to be in the ?drop-zone? of the shell liners while installing the liner bolts. One interesting aspect of this project was the requirement to predict liner life for these new large format AG mills. The existing 22' diameter mills at Aitik provided a base-line reference for this purpose, and DEM studies were used in the project development stage to predict the wear life of shell liners for the new 38' diameter AG mills. The results from this study are included.

Jan 1, 2012