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By S Morgan, A Jakowetz, S Taylor, B Weekes, S Litson, P Bourke, T L. Do

In the current tough mining environment with lower commodity prices, operators need to improve operational profitability. Optimised equipment asset management is a sustainable way to achieve this objective. The increased efficiency of installed process equipment positively contributes to the circuit performance, affecting metallurgical performance, plant availability and operating costs. Nui Phao Mining Company Limited (NPMC) operates a polymetallic mine located in Vietnam. The circuit produces four main products, tungsten, fluorspar, bismuth and copper. Tungsten is the major revenue producer. The operation experienced the following equipment inefficiencies in its copper and bulk sulfide flotation (BSF) circuits:• lower than expected metallurgical performance - the BSF rougher flotation tails contained coarse (+106 µm) sulfur minerals which affected the downstream tungsten gravity circuit. The unrecovered sulfur competed with tungsten minerals affecting both tungsten recovery and product grade. • structural integrity and safety - the flotation circuit structures experienced excessive vibration beyond the acceptable tolerance levels. The vibration was attributed to the flotation mechanism design and impeller tip speeds. • equipment reliability and wear life issues - the flotation mechanisms were being replaced every six months, with reported failures at three months. This resulted in high operational costs. A mineralogical evaluation of the ore indicated that the coarse sulfur minerals were well liberated and relatively rich in pyrrhotite and pyrite. It was predicted that these particles should be recoverable by flotation under optimum conditions. NPMC worked collaboratively with Outotec to investigate options to improve the metallurgical performance of both sulfur and tungsten. A review of the copper and BSF rougher circuit infrastructure was also undertaken and focused on reducing the structural vibration and improving mechanism wear life. Prior to the circuit upgrade, laboratory and pilot testing was conducted to validate the circuit improvements. The final solution included the installation of Outotec FloatForce® mechanisms in the existing copper and BSF rougher circuits, and a new flash circuit (SkimAir®) treating the rougher tails stream ahead of the tungsten gravity circuit. The flash circuit is unique, as typically these types of cells are installed in grinding circuits. By March 2016, all circuit upgrades were complete, however the initial metallurgical performance was below expectations. NPMC and Outotec worked together to investigate and improve performance through further equipment modifications. Since October 2016, the metallurgical performance has improved significantly. Coarse sulfur mineral recovery has improved, resulting in an overall increase in recovery of sulfur and tungsten of 4.7% and 2.7% respectively. The Outotec FloatForce mechanism has also delivered operational benefits, with a reduction in structural vibration to within acceptable levels (<4.0 mm/s) and an improvement in mechanism wear life by 150%. This paper discusses the BSF circuit upgrades and compares operational data before and after the upgrade to quantify the improvements in metallurgical performance, structural vibration and mechanism wear life. CITATION:Morgan, S, Weekes, B, Jakowetz, A, Litson, S, Taylor, S, Do, T L and Bourke, P, 2017. Nui Phao mine – flotation circuit upgrade, in Proceedings MetPlant 2017, pp 230–253 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 11, 2017

By William G. Hedling

The operation of electric face equipment in underground coal mines has proven to be extremely hazardous to mining personnel, including equipment operators and others working in the vicinity of active equipment. Recent industrial engineering studies* of accidents and fatalities indicate that a major contributor to this hazardous situation is noncompliance with modern principles of human engineering, particularly lack of standardization of control configurations. Control configurations differ not only among different machine types, but also among the same machine types produced by different manufacturers. This lack of standardization can produce a high incidence of error in the operation of electric face equipment, thus creating a potential source of accidents. Other examples of non-compliance with human engineering principles are the widespread use of identical black, round control knobs (regardless of the function being performed), and the inappropriate location, spacing, and labeling of controls. Any or all of these factors may place the operator in a "negative transfer" situation, which means that control manipulations appropriate for one type of machine are different from (or even the reverse of) the control movements required to produce the same effect on other machine types. This situation increases the accident potential to the operator, as well as to others in the vicinity. Accident potential is further increased by circumstances which do not allow for large error tolerance-specifically, emergency procedures. Reports of accident statistics cite operator inexperience as a primary cause of most accidents involving underground electric face equipment. Several factors contribute to operator inexperience, including: 1. High personnel turnover 2. Employee absenteeism 3. Current union practice of bidding for jobs.

Jan 1, 1974

By H. Venkatesh, Balachander R.

This article discusses the method that was adopted for controlling damage to rock mass while excavating an underground powerhouse cavern at Tala Hydroelectric Project. It discusses in detail the near field vibration studies carried out and the safe vibration levels established for that rock mass condition.

Jan 1, 2006

By K. Osburn

South Deep Gold Mine, owned by Gold Fields Ltd., is situated near Westonaria in the Gauteng Province of South Africa and mines the conglomerate bands of the Upper Elsburg reefs (Mondeor Conglomerate Formation) of the Witwatersrand Supergroup and the Ventersdorp Contact Reef (VCR) of the Ventersdorp Supergroup. The stoping and underground developments are mechanized. The Upper Elsburg reefs are mined by a variety of mining methods, including mechanized drift and fill, modified drift and bench, longhole stoping, and low-profile mining. Optimal mine design and scheduling for deep-level mechanized mining are complex, and success is highly dependent on detailed, robust, and accurate geological and geostatistical models. Geological structures significantly influence the sedimentological characteristics, distribution, and preservation of the Upper Elsburg reefs and VCR. Accordingly, particular emphasis is placed on the generation of a mine-scale structural model that accommodates the relationships between the older north-trending fault systems (West Rand and Panvlakte faults) and younger east-trending dextral wrench faults. Results from underground mapping, borehole intersections, and highresolution three-dimensional seismic data have been integrated to produce coherent three-dimensional geological models. The Upper Elsburg reefs suboutcrop against the VCR and comprise an easterly diverging clastic wedge, thickening from the suboutcrop position, to approximately 130 m at the mine?s eastern boundary. The Upper Elsburg reefs are characterized by conglomerate and quartzite bands forming multiple, stacked, upward-fining unconformity-bounded couplets. Palaeocurrent directions are dominantly from west-northwest to east-southeast, indicating that the more proximal deposits are preserved close to the suboutcrop, with distal facies to the east. Sedimentological modelling is applied to individual stratigraphic units and caters for facies definition. This is achieved through channel width (CW) kriging and fitting of type sections to borehole and mapping data. Homogenous geological geozones for each stratigraphic unit are thus defined within individual structural blocks on the basis of those sedimentological parameters that have been found to have a positive spatial correlation to gold concentration. These geozones then serve as constraints to the evaluation of the orebody. This contribution presents a summary of the modelling processes that are currently applied in the development of high-confidence, timeously produced geological models that are essential input for mineral resource estimation and mechanized mine planning and scheduling.

Jan 1, 2014

Updraft sintering of lead concentrates was introduced at Port Pirie in 1955 and since that time a considerable amount of investigational work has been carried out in the laboratory and on the plant with the objective of improving both the understanding of the process and its practical application.From this work it is now possible to predict trends in design and operation, which should result in capital savings and increased efficiency of future updraught plants.INTRODUCTIONOver the last 70 years a remarkable advance has been made in the method of preparing lead concentrates for smelting in the Port Pide blast furnaces of The Broken Hill Associated Smelters Pty. Ltd. (RH.A.S.). Beginning in 1889 with heap roasting, the process progressed to Ropp roasters and Huntington-Heberlein pots in various combinations, then to multiple small Dwight Lloyd (D.L.) downdraught machines. In 1940 two large 10 ft by 50 ft D.L. downdraught machines were installed, and finally in 1955 updraught sintering was ,introduced with the installation of the present 10 ft by 99 ft sinter machine.At the time this last machine was built it was the first unit of its type and thus, of necessity, an experimental machine. During the eight years it has been operating a considerable amount of investigational work on sintering has been carried out both on the plant and in the laboratory.It is now felt that sufficient information is on hand to predict at least tentatively, some of the future developments in lead sintering, whereby both the quality of the sinter and the rate of production may be improved. This will result in a considerable reduction in smelting costs.

Jan 1, 1964

Organization Place Date 1917 American Institute of Architects Philadelphia., Pa. Dec. 26-29 American Society of Mechanical Engineers New York City. Dec. 4-7 American Mining Congress State Chapter Phoenix, Ariz. Dec. 26-29 1918 American Society of Civil Engineers New York, N. Y. Jan. 22-25 American Institute of Mining Engineers New York, N. Y. Feb. 18-21

Jan 12, 1917

By Joseph Grumer

About a century ago Bunsen and his associates invented the famous burner that bears his name and was to become the ancestor of today's gas appliances. Over the years, Bunsen's invention became the starting point of a highly developed, practical technology that culminated in the gas industry as we now know it. However, it did not occur to the early workers to investigate the scientific potentialities of the new device, and as a result the science of gas-burner performance did not keep pace with the growing industry. It was with the objective of closing the rapidly widening gap between science and technology that the present research was undertaken Its immediate purpose was to provide basic information on the combustion characteristics of .fuel gases, in particular as they affect flashback, blowoff, and yellow tipping. Information obtained in the present research and contained within this report consists of the following: (1) Fundamental flashback and blowoff characteristics have been determined, it is believed, for all fuel-gas mixtures in which the gas industry may be interested. These are critical boundary velocity gradients for flames in free air, on burners with ports at room temperature and pressure. Burner aeration is characterized by the parameter, fraction of stoichiometric. These basic limits are explained, values are presented, and calculation procedure is given for deriving corresponding values of port loading and percent primary air (chs. I and II).

Jan 1, 1956

By H. W. Kilau

The Bureau of Mines evaluated synthetic fluorspar as a substitute for natural fluorspar flux in basic cupola ironmaking. The synthetic fluor-spars tested were prepared from waste fluosilicic acid generated during the processing of fluorapatite ore. The cupola trials showed the synthetic products to be the equivalent of natural fluorspar from an operational standpoint. However, wet scrubber sampling showed that substantial losses of volatilized fluorine occurred from the cupola during operation. The losses during synthetic fluorspar trials considerably exceeded those from natural fluorspar trials. Laboratory viscosity testing, using a high-temperature rotational viscometer, confirmed this finding and indicated that fluorspar volatility in slags is related to slag basicity. Synthetic fluorspar is accordingly recommended more for highly basic cupola operation (>1.3 basicity) than for neutral or acid operation, because of the increased potential for pollution and baghouse filter detezioration"

Jan 1, 1989

A model was developed to facilitate secondary tailgate support selection based on analysis of over 100 case studies, compiled from two different surveys of operating longwall coal mines in the United States. The ALPS (Analysis of Longwall Pillar Stability) program was used to determine adequacy of pillar design for the successful longwall case histories. A relationship was developed between the secondary support density necessary to maintain a stable tailgate entry during mining and the CMRR (Coal Mine Roof Rating). This relationship defines the lower bound of secondary support density currently used in longwall mines. The model used only successful tailgate case history data, with adequate ALPS SF according to the CMRR for each case. This model facilitates mine design by predicting secondary support density required for a tailgate entry depending on the ALPS SF and CMRR, which can result in significant economic benefits.

Jan 1, 1996

By F Farías, D Villa

Codelco’s Salvador Project has been operating a block/panel caving mine for more than 50 years. This underground mining method dynamically mixes the ore and dilution. As a result, forecasting grades is difficult and achieving 100 per cent extraction of the reserves is practically impossible. A substantial volume of the ore mixed with dilution becomes remnant ore and remains to be subsequently extracted.A potential open pit mine is under evaluation at Codelco’s Salvador Project, which includes the extraction of remnant ore post-block caving extraction. An effective methodology has been implemented to estimate what is left behind once the underground mine has closed. A new mixing method using the Cellular Automata (Alfaro and Saavedra, 2004) approach has been used to allow estimation of the remnant ore with a sufficient level of confidence to be included as part of the open pit reserve.A remnant block model is created using elements such as in situ block model, drawpoint layouts, historical production records and the drawpoint extraction. Using this information, simulations of the extraction of the mine by month from 1959 to 2019 were completed, using different mixing scenarios and trying to replicate the tonnage and grade extracted.Finally, the remnant block model is categorised using a score card with four inputs to assess the risk of the estimation of this material into a category class (measured, indicated and inferred).CITATION:Villa, D and Farías, F, 2016. Remnant ore model generation and categorisation post-block caving extraction at Salvador Mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 461–470 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By W. D. Striffler

Land disturbed by surface mining in Colorado and other western states has increased substantially over the past several years and is likely to increase even more in the future. This study was initiated to provide basic information on hydrologic and erosional characteristics of regraded coal spoils in Colorado as an aid for planning future reclamation activities. Eleven of twenty-one surface mines licensed in Colorado were sampled during the summer of 1980 and 1981. Mines not sampled included mines which had not progressed to the point that reclamation had begun, and mines where operators denied permission to sample. All coal regions were sampled with the exception of the San Juan Coal Field. Physical and hydrologic characteristics of regraded coal spoils in Colorado were determined using standard field and laboratory procedures. Field sampling included characterization of sites (slope, vegetation density, proportion of surface rock, bare soil, etc.) and infiltration measurements using a l-meter square drop former raining on a 1/2 square meter rectangular plot frame. Core samples collected in the field were analyzed for saturated hydraulic conductivity, bulk density, organic matter, moisture retention and texture. The erosion potential of each site was determined using the Universal Soil Loss Equation (USLE). Results of the sampling indicate that infiltration rates vary widely both within and between sites. However, definite trends with respect to coal fields are apparent. For example, the Green River (Yampa) coal region had a wide range of sampled infiltration rates (1.2 to 5.1 cm/hr). However, most of the sites clustered towards the low end of the range. The North Park (Marr Strip) also was rated at the low end of the infiltration range (2.0 to 3.0 cm/hr). Average infiltration rates for the Canon City and Uinta Coal Regions were at the high end of the range (4.9 to 5.5 cm/hr). Multiple correlation analysis of infiltration rates vs. site characteristics showed that infiltration rates were most closely correlated with the depth of wetting, the amount of mulch cover, and site slope. The depth of wetting was highly correlated with the depth of the topsoil and the bulk density of the spoil. In general, the topsoil at all sites appeared to be highly permeable to water intake but once saturated, subsequent infiltration depended upon characteristics of the underlying spoil. Vegetation cover affected infiltration on individual mine sites but was not as pronounced as topsoil characteristics or mulch. Erodibility of topsoil and spoils, as determined by Wischmeier's "K" factor, ranged from 1.34 to 0.56 tonnes/ha. (topsoil) and 1.25 to 0.66 tonnes/ha. (spoils). Definite trends in erodibility are evident. The Green River (Yampa) Coal Region displayed consistently higher erodibilities (1.34 to 0.75 tonnes/ha.) than other coal fields (0.72 to 0.56 tonnes/ha). Lowest erodibilities were observed in the Uinta, North Park, and Raton Mesa Coal Regions (0.56 to 0.62 tonnes/ha). Erodibilities of underlying spoils showed similar trends as the topsoils. Erosion potential (the product of soil erodibility and rainfall erosivity) was detennined using calculated ?K? factors and rainfall erosivities (R) taken from Clyde (1976). Results show that the Delagua coal field, Raton Mesa Coal Region had the greatest erosion potential due to the high rainfall energies in the region, while the North Park and Uinta Coal Regions had the lowest potential erosion.

Jan 1, 1981

By J. F. McIlwain

Cobalt-base hardfacing alloys used for wear resistance consist almost entirely of metals largely imported into the United States. As part of an overall research program to help alleviate this foreign dependency, the Bureau of Mines has been investigating an iron-base alloy system as a potential replacement for cobalt-base alloys for some uses. To ascertain the melting ranges, thermal analyses were made of cast heats of alloys containing, in weight percent, 59-61 Fe, 16-19 Cr, 8-9 Ni, 1 Mn, 1 W, 1 Mo, 0.5 Cb, 0.6 Si, 0.3 C, and 0-12 stoichiometric TiB2. Powder alloys within this range of composition, prepared by mechanical alloying, were sized and applied to mild steel test coupons by nontrans-ferred-arc plasma spraying. The resulting thin coatings were >95 pet dense, with bond strengths of 35 MPa and hardness of 400 to 840 DPH. Abrasive and adhesive wear test data were compared to those of a plasma-sprayed cobalt-base alloy. A range of boride contents resulting in most promising properties was determined for further research.

Jan 1, 1985

By Ruilin Yang

"Blast vibrations are essentially a strain/stress wave propagating in rock or structures inthe vicinity of a blast. However, blast vibration has always been quantified in terms ofpeak particle velocity (PPV) or acceleration (PPA), and a meaningful relationshipbetween blast vibration and strain/stress has not been established. The determination ofthe dynamic strain from blast vibration may improve quantification of blast damage andselection of a blast vibration limit for critical structures or high walls. Dynamic strainrelates to rock mechanics or material strength more directly than peak particle velocity(PPV). This paper documents a method to calculate the three-dimensional dynamic straintensor from recorded blast vibration signals. The method is based on determination of thedisplacement gradient at a point of interest for each time instance during the vibrationduration. The method to calculate dynamic strain is applicable to generic seismicwaveforms including near and far field blast vibration from a production blast withmultiple blast holes. In order to minimize measurement errors the specifications of thespacing between monitors and the sampling frequency of the vibration recording aredescribed."

Jan 1, 2012

By D Rattray, D Macfarlane, I Robb, N Halpin, G T. Dale

Mining faces many environmental, social and regulatory liabilities of which water management is just one. Others include site rehabilitation, carbon emissions, biodiversity offsets, strategic cropping land, subsidence, and noise and dust generation. Management of these liabilities is commonly seen as a cost of doing business and each is often independently addressed, bypassing the opportunity to reduce costs through integrated approaches. Furthermore, approaches to dealing with these liabilities tend to be constrained by a prevailing culture of engineered solutions and lack of appreciation of risk associated with alternative and hybrid alternative-engineered solutions. Suboptimal outcomes can also be reinforced by rigid regulatory constraints. While the cost of addressing operational liabilities may be a small proportion of overall mine management costs, failure to do so effectively may influence social licence to operate and, as recently demonstrated by the decision of the NSW Land and Environment Court to block expansion of the Warkworth Mine near Singleton, absolute licence to operate.Integration of environmental, social and regulatory liabilities with value-creating and risk-reduction opportunities such as beneficial water use, carbon bio-sequestration, habitat connectivity, keyline farming, improved grazing design and management systems, windbreaks and visual screens, presents opportunities to reduce risk and create value. This potential may achieve overall improved outcomes in both economic and non-economic mine performance criteria.Two case studies in beneficial use of waste water from the mining and coal seam gas (CSG) sectors (which operate under different legislation) will be used to illustrate the potential to address mine development, operational and closure liabilities by understanding opportunities to reduce risk and create value through a holistic water management framework. The technical requirements and alternative approaches to beneficial use of mine water are addressed, along with the direct economic benefits for mine operational costs and opportunities to positively engage communities and build resilience into social licence to operate. Regulatory barriers to achieving improved outcomes will be discussed.CITATION:Dale, G T, Robb, I, Halpin, N, Macfarlane, D and Rattray, D, 2013. Opportunities for integrated mine management to minimise risk and create value, in Proceedings Water in Mining 2013 , pp 227-234 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By Patrick Pelletier, Pierre-Alexandre Bossé, Julie Fournier, Gianni Bartolacci, Jayson Tessier, Ahmed Bouajila, Carl Duchesne

"This paper summarizes research into the study of the control of flotation processes based on froth images. The use of numerical image analysis techniques for the extraction of significant patterns (froth structure and colour) from industrial flotation froths is discussed.First, the froth was analysed by the use of the Multivariate Image Analysis (MIA) method to extract the spectral variation contained in a RBG image. The Partial Least Squares (PLS) was applied to develop the empirical model for the prediction of froth grade. The results of this application are illustrated using one industrial case study.Second, the froth was also analysed by Gray Level Co-occurrence Matrix (GLCM) and Wavelet Transform Analysis (WTA) to extract features related more to morphological aspects. Since there is useful information hidden in froth texture, these methods are used as texture descriptor to classify different types of froths.Third, a control strategy based on a froth structure indicator was developed and implemented on an industrial zinc flotation circuit. The feedback controller uses a reagent flow-rate in order to maintain the froth structure at its set point. Process improvements obtained with the implemented control strategy are highlighted.Finally, the feasibility to implement a hybrid control strategy consisting in a froth structure supervision controller based on the froth concentrate grade estimated by MIA and recovery inferred by image analysis is discussed.INTRODUCTIONThe development of control strategies to achieve satisfactory control performance has always been a great challenge for engineers and the need for improved process diagnosis, control and optimization has become more and more evident for the mineral processing industry in the last decades. That is why new process variables need to be measured particularly in highly multivariable processes such as flotation. This industrial process is subject to a wide variety of disturbances mainly generated by frequent and sometimes abrupt changes in physical and/or chemical ore characteristics and also, due to some irregularities in manual process operating procedures. A flotation circuit scheme is always a complex network of more than two dozens slurry streams. Information about those streams (% solid, metal content analysis and flow rates) is important for process diagnosis performance evaluation and control. Also, because of the grade decrease and increasing complexity of the new processed ores, more instrumentation outputs and more powerful and significant pr"

Jan 1, 2005

By Steve Kral

More than 111,350 mining and construction industry professionals from throughout the world gathered in Las Vegas, NV, March 19-23 for ConExpo-Con/Agg 2002 and IFPE 2002. The triennial event is the Western Hemisphere’s largest equipment show for the quarrying, aggregates, construction and ready-mixed concrete industries. Despite the difficulties in the world economy, ConExpo-Con/Agg 2002 attracted more than 2,450 exhibitors from throughout the world. This was an increase from the 1,882 exhibitors that were on hand for the 1999show. And this year’s show occupied more than 180,225m2 (1.94 million sq ft) of exhibit space at the Las Vegas Convention Center. This was an increase from the160,900 m2 (1.73-million sq ft) occupied at the 1999event.

Jan 1, 2002

By C Ross

This paper uses the results of research trials by Landcare Research and Forest Research Institute and assessments of reclamation plantings at mines and other drastically disturbed sites to describe methods of enhancing restoration of native forests. The characteristics of mine and forest environments are compared to highlight the difficulties facing restoration and techniques which result in successful restoration are described. Selection of the most appropriate technique is illustrated by describing restoration of lowland beech-podocarp forest at a West Coast coal mine. The key to successful reclamation is to understand the factors controlling and limiting plant establishment and growth, then to design rooting media, surfaces and management regimes to create a favourable environment. This paper concludes with a summary of the planning and technical factors which are critical for successful restoration of native forest.

Jan 1, 1995

At the Prospectors and Developers Annual Convention (PDAC) in Toronto, Canada mining and exploration companies of all sizes were on hand to discuss the year that was and those that will be. The following is a look at some of the companies with Canadian operations that were on hand for PDAC 2009. Iamgold Corporation is a leading mid-tier gold mining company producing approximately 31 t (1 million oz) of gold from seven mines on three continents. With record revenues of $870 million ? up 28 percent when compared to 2007 ? the company is focused on growth with a target to reach 56 t (1.8 million oz) gold production by 2012. During 2008, the company acquired the Essakane project in West Africa. The project is fully permitted, under construction and will contribute more than 9.3 t (300,000 oz) of lower cost production by late 2008. Iamgold increased its reserves by 55 percent, to 385 t (12.4 million oz) and its resources in-creased by 16 percent to 821 t (26.4 million oz) in 2008. Going forward, Iamgold has three areas of focus ? West Africa, Guyana Shield and Quebec ? with seven gold operations, five advanced projects and the Niobec niobium mine included. The Rosebel Mine in Suriname is Iamgold?s fl agship property. With measured and indicated resources of 300 t (9.6 million oz), it accounts for 30 percent of Iamgold?s production. Production there was up 20 percent compared with 2007 and further production increases are expected in 2009 and 2010. Mill expansion and optimization increased throughput from 8.9 Mt/a (9.8 million st) to 10 Mt/a (11 million stpy). In West Africa, Iamgold has joint ventures at Sadiola in Mali; Tarkwa in Ghana; Yatela in Mali and Daman in Ghana. Iamgold also has 100 percent ownership of the Mupane gold mine in Botswana and the Doyon gold mine in Quebec, Canada. Also in Quebec, Iamgold has 100 per-cent ownership of the Niobec niobium mine in Quebec. Niobium is used in high strength specialty steels.

Jan 1, 2009

By Sumantra Bhattacharya

The per capita energy consumption in India is 510kgoe/year, the global average being nearly 1818kgoe/year. Correspondingly low is the per capita CO2 emission at 1.25t against the world average of 4.39t.65-70%, at times more, of India?s power generation from about 190,000 MW installed capacity, is however coal fired.India therefore has to secure diversified sources of energy and solar power is increasingly being looked as the real alternative to the existing over dependence on coal. To ensure sustainable solar power it is essential to secure its raw material base that is ?silica?, hitherto considered as ?minor minerals?. That calls for immediately addressing the issues of land availability, solar power cost, developing a dynamic inventory of silica containing minerals, appropriate processing technology and strong regulatory framework for sustainable mining and processing of all silica rich minerals. Keywords: silica, silicon, Thar, power generation, India, quartz, solar power

Sep 1, 2012

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009