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There has been some confusion over the selection of discount rates when performing stochastic simulations of a project's net present value (NPV) using risk- adjusted discounting techniques. Some argue that lower discount rates should be used when performing stochastic valuation simulations. This creates higher NPV values and improves the attractiveness of a project. Others argue that the discount rate should not be lowered for these simulations. This paper exposes the source of this confusion. It demonstrates that stochastic simulations do not remove the risk inherent in a project and, therefore-do not improve a project's value to the risk-averse investor. Risk-adjusted discount rates should, therefore, not be adjusted downward when performing stochastic NPV simulations. Stochastic simulations are, however, shown to he useful in several aspects of project valuation.

Jan 1, 1996

By Murray W. Hitzman

Two great revolutions in mining occurred during the 20th century. The first took place almost 100 years ago (1903-1905) with Daniel Jackling’s experiment in the economies of scale for large-scale mining at Bingham Canyon. Jackling’s ideas changed the focus of base metal exploration toward lower-grade, high-tonnage deposits. The second revolution was the impact of environmental and social concerns on mining. It started near the end of the 20th century and is still under way. This article speculates on the effects of this second revolution on the future of mineral exploration.

Jan 1, 2005

By Travis Knight

Mixed uranium and refractory metal carbide systems have been proposed for space nuclear power and propulsion applications. Solid-core space nuclear reactors could be utilized for low- earth-orbit (LEO) to geosynchronous-earth-orbit (GEO) transfers, manned missions to the moon or mars, and orbiter missions to the outer planets. However, these high performance space nuclear reactors present some challenging materials engineering requirements for operating in a high temperature, high radiation, and hot hydrogen environment. Since the RoverNERVA programs were concluded in 1973, significant advances in ultrahigh temperature materials technology have been made which can be applied to the development of an advanced solid-core nuclear fuel. Nuclear thermal propulsion (NTP) was first studied in the U.S. beginning in the mid-1950's during the RoverNERVA programs. During that time, about 20 rocket reactors were built and tested. More recently, Russian nuclear rocket reactor tests with pseudo-ternary carbide nuclear fuels (U, Zr, Nb)C and (U, Zr, Ta)C have been operated at temperatures as high as 3300 K for one hour. This study examined the processing parameters for fabricating the pseudo-ternary carbide, (U, Zr, Nb)C.

Jan 1, 1999

By M Danišík

Two drill core samples of haematite/goethite from the Robe River (Western Australia) channel iron ore deposits (CID) were dated using (U-Th)/He methods in order to constrain the timing of iron oxide formation and thereby provide a temporal context for CID genesis. (U-Th)/He ages (He ages) from these samples range from the late Oligocene to Late Miocene and despite a high degree of scatter, they corroborate relationships expected from the internal ooidal stratigraphy: For individual ooids, the ages from haematitic core are older than or indistinguishable from the ages of the surrounding goethitic cortex. The goethitic cortices are, in turn, older than the ferruginised wood fragments recovered from the cementing goethitic matrix.The data suggest the following succession of ore formation phases:• Haematitic cores in ooids of both samples formed in the Early to Middle Miocene.• Goethitic cortices of both samples formed in the late Middle to early Late Miocene. This appears to be the age of goethite cortex formation regardless of depth in the core, which does not support the top-down infill model, genetic model proposed by Heim et al (2006).• Wood fragments form a prominent component of the matrix and were ferruginised during the Late Miocene. Thus the data suggest that the unique environmental conditions for the CID formation existed during the Miocene.A methodological implication of this study is that the temperature utilised for He-extraction from iron oxides has a critical impact on the mobility of parent nuclides. The typical ~1100°C laser heating used for crystalline minerals like apatite or zircon induces loss of U and Th and results in erroneously old ages.

Jul 11, 2011

By J. Boldy

This paper is an attempt to place Canadian Precambrian volcanogenic deposits in perspective, by examining and compiling data regarding certain neglected fundamentals of size, grade, value, frequency distribution and spatial density. The discovery roles played by various exploration methods are compared and contrasted, and. using empirical methods, the probabilities of discovery are discussed, combined with the use of an effective 'cost-per-target' program. From these basic observations, realistic exploration judgments may be made. Using similar methodology, this format may be applied to other types of deposits. Precambrian volcanogenic deposits occur in a natural geometric progression in size. They number 110, of which 70% are pre-producers, producers or past-producers. These deposits are bonanzas and generally have a 'net pre-smelter' value of between $43 and $62 per ton. The statistically typical deposit is that which occupies the modal position, has 400,000 tons of ore, a value of $20 million and occurs with a frequency of 40%. A median deposit has 1.4 million tons of ore, a value of $70 million and occurs with a frequency of 15%. An upper-decile deposit ha s 13.3 million tons of ore. a value of $750 million and occurs with a frequency of 6.5%. The major, mid-upper-decile deposits have a minimum of 50 million tons of ore, a value of $3 billion and occur with a frequency of 4%. Five major volcanogenic deposits occur in the Precambrian and account for 54% of production. This contrasts with 55 deposits (all below the median) which account for 3.9% of production.

Jan 1, 1977

By A. Karadogan, G. Tuncer, A. Kahriman

Determination of optimal blast parameters have been the priority act for blasters on the field due to financial and technical properties of the operation. Therefore many researchs were done to establish a general formula for many years. These intends could reach some empirical and numerical design frames consisting the rock, geology and explosives properties. Blasting parameters have to be adjusted according to the desired fragmentation rate especially on the mines where particle size distrubition after blasting has a great importance. Therefore the blast designs have to be evaluated considering the particle size distribution after the blasts. The Kuz-Ram model which was modified by Cunningham is one of the tools for estimating the particle size. Although it doesn’t give an accurate result, it can be very succesful on modifying the blasting design parameters by establishing a back correlation between the blasting parameters and the exact particle size distribution results which can be easily achieved by digital image processing system. Within the scope of this study, the particle size distribution after blasting was assessed by Split-Desktop digital image processing system and bench blasting parameters were studied considering the desired particle size distribution at Espey colemanite mine using Kuz-Ram and digital image processing system combination to determine the specific blasting parameters for this site.

Jan 1, 2005

By David. C. Hoffman

As you are all well aware, the minerals processing industry and process industries in general are now heavily involved in reassessing their process flowsheets. The topic of concern is the little arrow in one corner of the drawing at the end of the process flow that usually says "to waste." A really startling statement might have said "to waste disposal area," which implied that there was some concern, thought, or measures taken to deal with the waste. Since 1965, the year of the Water Quality Act, many laws have been passed and agencies formed dealing with the multi-faceted area of pollution. One of these laws, the Air Quality Control Act of 1967, was the initiating force in the development of Calcilox additive to help solve the problem of sludge disposal resulting from the scrubbing of SO2 bearing gases. The intent of this paper is to focus in with a wide-angle view on a particular type of waste stream, generally an aqueous, inorganic slurry, and present the reader with an alternate approach to their disposal via Calcilox additive stabilization. Each waste stream is unique and will require different techniques to meet the design objectives. Calcilox additive is not intended to be a panacea for every slurry disposal problem, but, rather a viable alternative that should be investigated before a final waste disposal approach is chosen. This paper will summarize the development of Calcilox additive; briefly discuss stabilization; and most importantly, discuss some applications to develop a feeling for Calcilox additive stabilization. Actual dollar costs will not be presented, for each waste stream differs and the ultimate disposal mode chosen greatly influences the costs.

Jan 1, 1976

By Z. Luo, China University of Mining & Technology, C. Duan

"The magnetic separation removal rate of pyrite could be improved effectively by increasing the susceptibility of pyrite. The electromagnetic characteristics and absorption response performance of high-sulfur fine coal were studied in strengthening the susceptibility of pyrite. In the process of treating the sample through the microwave, electromagnetic energy could be converted into heat energy due to dielectric loss and magnetic loss. The RL(dB) was evaluate the performance of absorption response of coal. The microwave improved the susceptibility was in ultra-high frequency region, which is the most natural resonance. The absorption fine coal to microwave was strengthened and microwave energy was improved by adding the magnetite powder with double loss characteristics as the microwave absorber. The dielectric properties and permeability characteristics of the fine coal trend were investigated by maxing magnetite powder. The microwave absorption in different coal thickness was surveyed through the reflection of energy loss.INTRODUCTIONMicrowave desulfurization is one of the most important research directions (Haque, 1999; Makul, Rattanadecho, & Agrawal, 2014; Su, Tang, Zhang, Jing, & Bai, 2014). The working principle of microwave absorption response can be briefly described as the interaction of the sample with microwave energy, which will result in the microwave energy converting into heat energy loss (Keangin & Rattanadecho, 2013). For specific samples, the polarization effect includes multiple polarization mechanisms(Meikap, Purohit, & Mahadevan, 2005). Different polarization mechanisms have different occurrence time and dominant mechanisms. Meantime, energy consumption will be occurred during the process of polarization effect (Chelgani & Jorjani, 2011; Rowson & Rice, 1990) . The absorption of microwave energy in the fine coal is a process of electromagnetic response (Znamenácková, Lovás, Mockovciaková, Jakabský, & Briancin, 2005). Microwave transfers the electromagnetic waves into the heat energy by microwave dielectric loss and magnetic loss for achieving the absorption of microwave energy in the treatment of samples (Lee, Kim, Kim, Chung, & Kim, 2004). The additive magnetic medium is Fe3O4 belonging to microwave energy absorber of double loss medium (Uslu, Atalay, & Arol, 2003)."

Jan 1, 2016

By Donald A. Dahlstrom, Soumitro Nagpal, Timothy Oolman

Bacterial oxidation of a pyrite/ arsenopyritic gold-ore concentrate was carried out with continuous flow operation in 14 liter (1.4x10-2 m3) mechanically agitated reactors. 02 and C02 uptakes were determined at varying residence times. Bacterial concentrations were measured using a protein assay. A sharp optimum in biooxidation rates was observed with increasing steady-state residence times. Growth of the bacteria and biooxidation of the mineral were both shown to be strongly dependent on dissolved 02 levels in the liquor.

Jan 1, 1990

By Efrem R. Reeves

Noise-induced hearing loss (NIHL) is the most common occupational illness in the United States, with 30 million workers exposed to excessive noise levels [NIOSH 1996] every day. Of particular concern is the mining industry; which has the highest prevalence of hazardous noise exposure of any major industry sector [Tak et al. 2009] and is second only to the railroad industry in prevalence of work-ers reporting hearing difficulty [Tak and Calvert 2008]. This document is for operators, safety personnel, and mechanics in the mining industry who are not specialists in noise control engineering or acoustics. Evaluations of successful and unsuccessful attempts at controlling noise on several large, underground metal mining machines are detailed to illustrate the basic principles of noise control. Once personnel understand the guidelines and principles of noise control, they will be able to ¦evaluate the extent of a noise problem; ¦determine the best approach to the problem; and ¦apply the most appropriate solution. Because of the insidious nature of NIHL, it can go unnoticed until a considerable loss of hearing has occurred. In some cases, diagnosis is delayed because an exposed individual claims to have become accustomed to the noise. In reality, that person may have already suffered irreversible hearing loss. Humans can hear sounds in the frequency range from about 20 to 20,000 Hertz (Hz). Within this range, NIHL usually begins in the frequency region around 4,000?6,000 Hz, the upper levels of the speech region. The first noticeable symp-toms include difficulty understanding higher pitched voices, such as the voices of females and children, and difficulty understanding certain consonant sounds, which are primarily high frequency in nature. The extent of NIHL varies depending on the level and duration of noise exposure and on an individual?s susceptibility; despite having similar noise exposure, individuals can experience differing degrees of hearing loss, or none at all. NIHL is almost always preventable. To reduce or eliminate the possibility of NIHL, an individual?s noise environment must be analyzed and appropriate action taken to reduce noise exposure.

Dec 1, 2009

By Robert Glass Cleland

Anson G. Phelps 1834-1853 Anson G. Phelps, Jr. 1839-1858 Charles C. Dodge 1864-1878 Daniel James 1834-1878 [ ]

Jan 1, 1952

By J. Hartikainen

19 papers were allocated to this session by the paper classification committee, 8 related to bored piles, 5 to continuous flight auger piles (CFA piles), 3 to slurry trenches, 2 to both bored piles and slurry trenches, one of them also dealing with root piles. There were no papers dealing with root piles only, as root filling is a different technique. One paper concerns sheet piling (Table 1). Table 1. Papers for session 1: Recent Technological Developments in Deep Foundations with Soil Excavation. [ ] Table 2. Classification of pile type in Belgium - van Impe W.F. /10/. [ ] Trends in piling Trends in piling in Central Europe were studied by van Impe for his brilliant lecture to the Finnish Civil Engineering Society. He claimed that bored piling is on the decrease and CFA pilling on the increase (Table 2). Thus the numbers of papers presented here do not conform to recent developments or trends. The papers submitted arc of course influenced largely by the fact, observable in Table 3, that bored piling is

Jan 1, 1994

By W. G. Wu

More and more researches and applications of organic chelating agents as depressors or activators are carried out in the course of research and application of modern flotation. The paper puts forward the necessary condition of organic chelating agents as depressors or activators by analyzing the chelating chemical performance of organic chelating agents with metal ions and the stability of chelates formed by them; at the same time, puts forward four sufficient conditions of organic chelating agents as depressors or activators according to different hydrophilic capability of the chelates and different performance of depression and activation of organic chelating agents for minerals. Namely, the ?1+1/4? necessary and sufficient conditions of organic chelating agents as depressors or activators are put forward.

Jan 1, 2014

By J. D. Christian

WHEN mining development began in the Kirkland Lake camp, twenty-five years ago, there was very little information obtainable from surface showings as to the nature of the ore deposits. A length of almost a mile of the main 'break' lay under the south arm of the lake, and elsewhere most of the outcrops were covered with glacial drift. Shafts were sunk on ore-bodies of uncertain value, either on the outcrop of the veins or-because of the lake to the north-in the south or hanging-wall. In the second year of the camp's development, the Great War broke out and retarded progress for its duration. He would have been a real optimist who, in those early years, could have foreseen mining at depths of more than a mile.

Jan 1, 1939

The mineral chromate is the sole current source of commercial chromium Chromite varies compositionally within limits permitted by the formula ((Mg,Fe,Zn,Mn)(A1,Cr)2O4) No chromate has been mined in the United States since 1961 In the past, almost all the chromate mined in the United States came from Alaska, California, Maryland, Montana, Oregon, and Pennsylvania, with about one-half of all production coming from Montana Primary chromate deposits occur only in certain kinds of ultramafic or closely related anorthositic rocks The two major types are stratiform (layered) and pod-shaped The Stillwater Complex of Montana is the largest known United States resource It is a stratiform deposit where several exposed zones of high-iron chromiferous material extend in length Since there is no commercial chromate mining in the United States, there are no environmental problems related to underground mining

Jan 1, 1975

Water infiltration control techniques are designed to reduce the total volume of water entering an underground mine, and thus, reduce the volume of mine water discharge During the development of underground mines, water may be encountered in various quantities This water must be pumped from the mine during active mining, and in many situations, the weight of water removed will be more than the total weight of mineral extracted After abandonment of the mine, infiltrating water either floods the mine workings or discharges from the mine (27, 127) Infiltrating water may enter underground mines from above, below, or laterally through adjacent rock strata Earth fractures such as faults, joints, and roof fractures resulting from surface subsidence are commonly primary causes of water entrance Into abandoned underground mines Factors affecting the quantity of water entering a mine will be the depth of the mine, location of water bearing strata, and ground water flow patterns Investigations of the quantity of water entering underground coal mines have found the average rate of infiltration to range from approximately 6,262 to 10,280 liters per hectare per day (670 to 1,100 gal/acre/day) (27) Water flowing through underground mines flushes pollutants from the mine and may result in their discharge to the environment A reduction in the amount of flow usually results in a reduction in total pollution load discharging from the mine The techniques discussed in this section can be used to reduce the volume of surface and groundwater available to enter the mine system and transport pollutants The selection of a control technique will depend upon the characteristics of the mine system and the expected cost effectiveness of the technique In order for water infiltration control to be effective in controlling mine drainage pollution, the reduction in mine water flow must not be accompanied by an increase in concentration of pollutants (127) REFERENCES 2, 27, 51, 58, 127, 132

Jan 1, 1975

By G. M. Ritcey

Sulphuric acid leaching has been up to the present, the most popular of the leaching routes. Oxide ores are usually leached with sulphuric acid directly by dump leaching, as practiced at the Bagdad or Bluebird Mines in Arizona, or by vat leaching as done at Inspiration Mining in Arizona. Upgrading of the low-grade oxide ores by dump leaching followed by cementation of the copper from solution by scrap iron has been replaced by the leaching-solvent extraction-electrowinning route which results in a high purity product at the mill site at reduced production costs compared to previous practice. High-grade oxide ores, vat leached with H2SO4, can contain, for example, 25 g Cu/l and 25 g H2S04/,l, or higher concentrations of both, and are presently fed directly to electrorefining plants. Advantages of coupling solvent extraction-electrowinning with the low cost dump leaching instead of using cementation, are as follows (1): a) the production of high purity electrolytic copper rather than cement copper;

Jan 1, 1978

By Victor F. Hollister

This first section of case histories of mineral discoveries, Vol. 3, covers some of the milestones in porphyry copper and skam exploration successes. It was during the era of these discoveries that large, complex exploration departments emerged as permanent adjuncts of large mining companies. The discoveries helped shape how and where exploration activity was conducted. Probably the most important factor in exploration success is management. Few management people are mentioned in this section or in any exploration history, yet the distinction between success and failure ultimately rested with the decisions they made. One of the most successful groups was initiated by Roger Straus and Herbert Brownell when they sought to make Asarco into an important metal producer. Relying on Clem Pollock and L.H. (Bill) Hart to identify and push worthwhile projects, the Asarco management remade the company. Asarco will benefit from exploration successes com- pounded by that team for years to come. Duval is an example of a management that decided to add metal production to its industrial minerals output. When Page Morris was president, that company opened three major porphyry copper mines and became an important factor in metals. Under the Monis management team, Duval became a leader in exploration. At the other end of the scale are managements that snatched defeat from the jaws of victory and by so doing changed the character of their companies in other ways.

Jan 1, 1991

By John S. Brown

The northeastern United States embraces that area of the Appalachian Mountains, and adjacent territory, beginning on the south at the Potomac River. It thus extends from the flat-lying Paleozoic terrane of the Appalachian plateau on the west, across the folded Paleozoics of the Great Valley and adjacent ridges (Paleozoic and Precambrian), over the Piedmont and New England metamorphic complex (mixed Paleozoic and igenous rocks), broken by the great Triassic rift remnants, onto the subdued coastal plain of Cretaceous and Tertiary sediments. Although not noted as a metal mining region, the area does contain numerous substantial and several outstanding mines, chiefly of the more prosaic metals, particularly iron, zinc, and copper, as well as many minor occurrences of these and a few additional items. These deposits occur to some extent in every subdivision of the area. The region to date (1966) has produced almost 500,000,000 tons of medium to lowgrade iron ore, especially magnetite, including ilmenitic magnetite; 50,000,000 tons of highgrade zinc ore; and 5,000,000 tons of lowgrade copper. In the past, it has yielded small amounts of chromite and nickel, and at present is a large producer of titanium. Precious metals are conspicuously absent, and so also are the Tertiary or Mesozoic igneous phenomena so commonly associated with mines of the West. Hence, a survey of the extensive mineralization · of this region should be instructive

Jan 1, 1968

In the United States water pollution resulting from mining activities has long been recognized as a major environmental problem Mine drainage pollution results from many types of mining activities and includes both physical (i e , sedimentation) and chemical (i e , acidification, metal contamination, etc ) pollutants Active and abandoned surface and underground mines, mineral processing plants, mine and processing plant waste disposal areas, haulage roads, and tailing ponds are typical sources of mine related water pollution (130) One of the most serious pollution problems arising from mining activities is acid mine drainage resulting from the chemical reaction of sulfide minerals (commonly iron sulfides) and air in the presence of water Acid mine drainage is commonly associated with coal and hard rock mining areas in the United States In general the more serious and extensive acid mine drainage problems exist in the more humid coal regions east of the Mississippi River (11) In 1964 the U S Department of the Interior, Fish and Wildlife Service, reported that acid mine drainage adversely affected fish and wildlife habitat in 9,477 kilometers (5,890 miles) of streams and 6,062 hectares (14,967 acres) of impoundments in 20 states in the United States (64) Of the total affected waters, coal mining operations accounted for 97 percent of the acid mine drainage pollution reported for streams and 93 percent of that reported for impoundments In 1970 more than 19,308 kilometers (12,000 miles) of streams in the United States were reportedly significantly degraded by mining related pollution (130) Of the total affected kilometers, 16,920 kilometers (10,516 miles) or approximately 88 percent were located in the Appalachian coal region (Pennsylvania, West Virginia, Ohio, eastern Kentucky, Tennessee, Maryland, and Alabama) In addition, more than 965 kilometers (600 miles) of streams reportedly were degraded by coal mining in states in the Illinois, Western Interior, and Rocky Mountain coal regions The remaining portion of the stream pollution resulted from the mining of (1) copper (california, Montana, Nevada, New Hampshire, Tennessee, Virginia, and Wyoming), (2) lead and zinc (Colorado, Idaho, Kansas, Missouri, Montana, Oklahoma, and Tennessee), (3) uranium (Rocky Mountain States), (4) iron (Lake Superior iron region), (5) sand and gravel (all states), (6) phosphate (Florida and other states), (7) gold (Alaska), (8) bauxite and barite (Arkansas), and (9) molybdenum, gold, and other metals (Colorado) Abandoned mines and abandoned mine waste disposal areas contribute a large portion of the total pollution resulting from mining activities Numerous abandoned underground mines are located throughout the United States and many are discharging mine drainage pollutants In 1966 the U S Bureau of Mines estimated that more than 88,000 inactive and abandoned underground mines were in existance (126) A listing of these mines by state is presented in Table 1 0-1 More recent estimates indicate that this list is incomplete In Colorado alone there is

Jan 1, 1975