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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 Gennaro G. Marino

During the preliminary design stages of the Illinois Division of Natural Resources(DNR) building, it was discovered that an old coal mine was present some 70 m (220 ft) beneath the building site. The new DNR building to be constructed is 36 m (120 ft)wide and 134 m (440 ft) long. It has three stories above grade and abasement level. The building is oriented north-south and has east and west ponds next to it (Fig. 1). The building is located on the State Fairgrounds in Springfield, IL. Given the history of surface subsidence of these underground coal mines in the Springfield area, there was concern about the potential for future subsidence at the building site. Mine subsidence events in the area have resulted in more than 0.9 m (3 ft) of settlement and have caused significant structural damage.

Jan 1, 2000

By C. M. Chang, H Gu, J. A. Barrera-Godínez, T. J. O’Keefe

The inability to economically separate Fe3+(aq) from a variety of liquid effluents is a major Concern for the primary metals industry. A unique solvent extraction process, galvanic stripping, has been developed to address this problem. The galvanic stripping of iron from D2EHPA using only a 5~10 g/L H2SO4 solution is achieved after Fe3+ is directly reduced to Fee, in the organic phase using zinc metal additions. To date, the primary focus of the laboratory research has been on optimizing the parameters that control iron removal. The results from these studies have now been, used to make a preliminary design for a continuous flow process that is envisioned for zinc industrial applications. Specific quantitative data are shown for the use of a Zn-Ph cellos° in the iron-reams al process. Some introductory results on electrochemical potential measurements and impurity distribution with solution cycling are also giiven.

Jan 1, 2000

By G. A. Hufford

The cutoff grade applied to a disseminated orebody mined by open pit affects both the waste ratio, hence the cost of producing ore, and the ore grade, hence the quantity of metal recovered. As such it has a significant impact not only on the annual profit or loss, but also on the life of a mining property. Cutoff Grade Strategies Some commonly used objectives in calculating cutoff grades are as follows: Minimize Unit Cost of Product (1) This is found by adding all costs associated with each possible cutoff such as mining, processing, and marketing. This is divided by the quantity of marketable product obtained at each cutoff grade, then finding the minimum. Because the market value of the product does not enter the calculation it has no effect on this strategy: the same cutoff is selected in good times and bad.

Jan 1, 1986

By g. Caproni

The main constituent of the feed to the "Sulphide Section" (31 t/h), in the F. Sartori Plant (6000 tid) of the Miniere di Mon)eponi(Sardinia), is the ore of the Campo Pisano -Funtanaperda Mine (1 ? Difficulties have always been experienced in the treatment of this ore, owing to the extramely fine Pyrite-Sphalerite intergrowth and to the high Pyrite and soluble salts contents. The first mentioned difficulty was overcome with a rather complex flowsheet (see fig.1A and lB)(2); the others with a reagent combination that required a pH of 11 in a pulp loaded with soluble salts. This meant high consumption of alkalizer, and also of the other reagents; furthermore the alkalizer had to be mainly NaOH with only minor amounts of lime, because the latter tended to depress not only the pyrite but also the middlings, which were supposed to float. With dialchylditiophosphate alone as a collector, a lower pH could have been used, but a certain amount of amylxanthate was indispensable to promote flotation of the middlings. On the other hand, a bulk-flotation of sphalerite and pyrite at low pH could not be very advantageous on account of the high pyrite content in the feed(3).

Jan 1, 1971

The removal of tritium from tritiated water (-0.5 µCiIL) was studied by metallothermic reduction using aluminum. The influence of the three variables namely the aluminum powder amount, the NaOH concentration and the reaction time has been studied on the tritium activity reduction. The experimental results and statistical analysis showed that more than 85% of tritium can be removed from the tritiated water. Further work on the tritium recovery as well as efforts to totally decontaminate water by incorporating a cryogenic concept is currently pursued.

Jan 1, 1998

By W. J. Bronkala

Dense-medium circuits have been installed in many mineral treatment plants since its, original development about thirty years ago. In the intervening, period the process has been thoroughly evaluated and many innovations have been introduced. The Heavy Density. Cyclone is one of the newer systems which has extended the operating range of this process to 65 mesh size. Several different finely divided materials have been used to produce the separating bath but nearly all new plants use a ferro-magnetic medium. The, advantages of magnetic medium include: 1. Smaller recovery plant 2. Lower cost recovery plant both in initial and operating cost 3. Excellent medium stability 4. Dependable medium supply at reasonable and stable cost. Magnetic separators are used to recover this magnetic medium and the smaller plants and lower operating costs are directly related to their use.

Jan 1, 1964

By Nawal Kishore, Nilesh Pratap Singh, Amit Kumar Verma, Vikram Seervi

In India, demand for coal exceeds its countrywide supply, despite its natural abundance, due to failure to achieve high production targets, especially in opencast mines, which are responsible for 94.98% of total raw coal production within the country. Employment of technological solutions, such as surface miners, is key to achieving higher coal production and productivity in an eco-friendly manner, especially in the populated areas adjacent to the mining zone and, hence, require restricted blasting operations. It eliminates blast hole drilling, blasting, and primary crushing units, thus reducing related environmental hazards like ground vibration and fly rocks. This paper encompasses the applicability, advantages, constructional features, and performance assessment models for each working mode of a surface miner. The current paper discusses the correlation between coal production and key productivity indicators, namely, machine shift-time, pick, and diesel consumption of surface miner in three different geo-mining conditions. Furthermore, relationships between machine shift-time, pick, and diesel consumption of surface miner and coal production were evaluated through bivariate regression analyses along with their coefficient of determination. These key productivity indicators of surface miner follow polynomial relationships with coal production on a daily and monthly basis, having Pearson correlation values from 0.774 to 0.907 and coefficient of determination, from 0.664 to 0.909 in opencast coal mines.

Jan 20, 2023

By T. C. Rao, Vanangamudi. M., J. P. Barnwal

Experiments were carried out on 76 mm laboratory heavy medium cyclone treating -2.0 t 0.5 mm coal and on two 600 mm industrial heavy medium cyclones treating coal in the size range -13.0 t 0.5 mm. The variables studied were spigot diameter and feed medium gravity. The generalised distribution curve for the separation of coal in these heavy medium cyclones has been defined by the equation [ ] The specific gravity of separation SG has been found to increase linearly with increase in feed medium, gravity (SGf). The relationship for SG of industrial cyclone is given as 50 SG = -6.801 t 6.463 SGf t 0.0327 Spig 50 -0.02625 SGf. Spig. Further, the probable error for the separation has been found to be linearly related to (SG50 - SGf ) according to the equation [ ] The model equations developed have been used to select appropriate levels of operating conditions to achieve an increase in the yield by about 2 to 4% without affecting the quality of the product.

Jan 1, 1990

By Philip Morey

Large scale surface coal mining will be required to fill future energy demand in the United States. In realization of this long-term commitment to coal resources, the U.S. Energy Re-search and Development Administration sponsored a study to determine the costs and problems of large-scale surface coal mining. As a result of this study a series of computer models were developed that can be used by government and industry to: 1) facilitate mine design and equipment selection, 2) provide detailed analyses of mining and processing costs. Two types of models were developed: detailed simulation models, which provide detailed information on mining systems and equipment to assist in mine design and equipment selection1 and broad models, which provide a first-order evaluation of deposits and new ventures for an entire mining complex. The complete model series permits examination of surface coal mining under a variety of terrain conditions. Six different mining methods were analyzed and documented during the overall project: 1) Area stripping with draglines, 2) Area stripping with draglines, extended bench, 3) Contour stripping with draglines, 4) Area stripping with shovels (loaders) and trucks, 5) Mountain top removal with shovels (loaders) and trucks, 6) Multiple dipping seam mining with shovels (loaders) and trucks. Each major operation in the coal mining pro-cess is represented in these models so that the best methods and equipment may be selected and 50 that the impact of such selection will be reflected in estimates of capital investment, operating costs, and coal price. Individual models allow the user to separately analyze overburden removal, overburden drilling and blasting, coal drilling and blasting, coal loading and hauling, coal preparation and handling, land reclamation, and premining, facilities, and administrative expenses. Because it is impossible to cover all the models in this paper, only the detailed simulation models representative of the technique "area stripping with draglines," are described. The Fort Union Strippable Coal Resource Region, one of eight test cases, is used as an example to describe the models.

Jan 1, 1978

By Steve Kral

One of the world’s most successful mining shovel manufacturers believes its name is not very well known in North America, particularly in the United States. And there are plans under way to improve on that. Never mind that it is one of the largest mining shovel manufacturers in the world. Or that the mining division has 800 machines in operation worldwide, 100 of them in the United States. And the company currently holds 30% of market share worldwide and 10% in the United States. Forget about the fact that it has already sold more machines world-wide this year than it did during 1995. None of that is good enough. O&K Mining GmbH Dortmund is the mining division of Germany’s giant O&K Orenstein and Koppel. It is one of three divisions of O&K Orenstein and Koppel AG, a US$1.2-billion company. The other two divisions are construction equipment and escalators. The mining division, though, is one of the company’s most successful.

Jan 1, 1996

By S. Shaw

There is an increasing requirement for mines to meet a certain minimum criteria for sustainability within the context of the physical environment, ecosystem and socio-economic system in which they are located. The mining industry has wrestled to develop methods for assessing the ‘sustainability’ value of a mining project and indicators of ‘sustainability success’. A methodology for the evaluation of sustainability of a mining project using the Multiple Accounts Analysis (MAA) system was developed. The MAA is a platform for engagement of stakeholders and for the assessment of site-specific alternatives based on both qualitative and quantitative indicators of success.

Jan 1, 2004

By F. W. Mueller

It seems to be a matter of general understnading that title extraction or use of ground water may not be used as the basis of a depletion deduction under the United States Revenue Code And indeed, I have been unable to find any precedent upon which to base such a deduction. It is for this reason that the Shurbet case, which is the subject of my discussion and is now before the Court, may well become a precedent as authority for the allowance or disallowance of a depletion deduction for income purposes. It is well known that the law recognized that capital is consumed in the process of extracting minerals, oil and has, other natural deposits, and timber (underscoring supplied). This exhaustion, or depletion, is likened to the using up of raw materials in manufacturing. The law, therefore, provides a deduction for depletion which is intended as compensation for the exhaustion of assets consumed in the production of income through severance of minerals, oil and gas, other natural deposits, and timber.

Jan 1, 1962

The efficiency of a coal mine ventilation circuit is usually measured by the ratio of the sum of the face quantities divided by the quantity supplied by the fans. Other types of systems use the power delivered to the power supplied to measure efficiency. This paper argues the case that the current measure may be inadequate and that by also looking at the power ratio, ventilation may be better managed. Problems associated with failing ventilation systems would be highlighted earlier so that crisis management could be avoided.

Jan 1, 2009

By W. Blake, J. Whyatt

Sixty years of rockbursting in the Coeur d’Alene district has taught painful lessons and led to a number of practical advances in controlling rockburst hazards. This paper summarizes those lessons, concentrating on practical measures that have been successfully adopted to reduce hazards. These lessons are explained in the context of district mining history and current understanding of rockburst phenomena. Overall, the paper provides the practicing mine engineer with an appreciation of rockburst hazards and an overview of practical measures that can be used to control these hazards in the context of Coeur d’Alene district experience.

Jan 1, 2002

By Yongjun Xian

The release of fluid inclusions has a strong potential for the unintentional activation of pyrite during flotation. The present study aims to characterize fluid inclusions in a natural pure pyrite. The results indicate that a certain amount of fluid inclusions exist in the pyrite. The fluid inclusions assume a variety of shapes, including long strips, oval shapes and irregular shapes, with sizes that range from a few microns to dozens of microns. From the EDS results of hollow positions that resulted from the fracture of the fluid inclusions on the pyrite surface, certain amounts of Al, Cr, C, O, Ag and Cu were clearly detected; these elements were not detected in FeS2 pyrite itself. The contents of the inclusions were released into solution when the sample was subjected to a grinding process. Under experimental conditions of 2 g of pyrite cleaned in 40 mL of pure deionized water under an inert atmosphere, the concentrations of Cu, Fe, Cl- and SO4 2- released from the inclusions reached concentrations of 3.29 × 10-6, 32.52 × 10-6, 51.57 × 10-6 and 75.90 × 10-6 mol/L, respectively. These values are significantly greater than those from the experimental nonoxidative and oxidative dissolution of the pyrite. The fluid inclusions of pyrite were, therefore, concluded to represent the dominant sources of Cu, Fe, Cl- and SO4 2- in the aqueous solution. The present investigation provides a new understanding of the source of the unavoidable metal ions in the pulp and may benefit understanding of the flotation theory and environmental geochemistry.

By R. L. Loofbourow

Reasons for reexamining underground mining include: 1. The assurance that more deep deposits of useful minerals will be found. 2. The existence of deeply covered deposits of industrial minerals near large markets where quarries are becoming depleted or are lacking. 3. Surface property values, zoning and other limitations on open pit mining. 4. Expectation that underground space will be increasingly used for transportation, power plants, storage and similar purposes. 5. The improvements which have been made in underground mining. During the last three or four decades many changes and improvements have been made underground. All underground construction and mining has benefitted to some extent but the effect on the productivity of labor employed with some methods- has changed little and the use of these methods has declined. Productivity of labor in other methods has increased substantially. The relative usefulness of mining methods has changed and a vital industry, bituminous coal, has been returned to health. In this paper, consideration is limited to nine methods used with high productivity during the period under review. These methods are not necessarily better than others but they may be considered the prime methods in the sense that, in our economy, many, low grade ores, coal and the principal industrial minerals could hardly be produced by less productive means.2 Although most of the examples cited are from mining as such., the first four methods discussed can be used for the construction of stable excavations of various' shapes in sound rock.

Jan 1, 1967

By S. L. Bessinger

In the design and specification of a ventilation system for an underground mine, it is necessary to make reasonably accurate estimates of the pressure losses in the various airways of the mine. These estimates can be made with little difficulty for open airways with simple geometric cross-sections, such as those cut by continuous miners or tunnel-boring machines. The situation is much different on a longwall face, where the airway's complex geometric cross-section and the presence in the airway of obstructing equipment having a variety of shapes make it difficult, if not impossible, to estimate pressure loss using traditional methods of calculation. Headlosses in mine entries are calculated using Atkinson's Equation (1). [H = (English) H = (SI) (1)] where H = pressure ,loss, in. of H20 (Pa) K = friction factor, lbf min2/ft"4(Kg/m3) P = perimeter, ft. (m) L = airway length, ft (m) Q = airflow quantity, ft3/min (m3/sec) A = flow cross sectional area, ft2 (m2)

Jan 1, 1987

By G. Récoché, A. Chamaret, M. O’Connor

Building indicators that respond to all stakeholders' needs is a time-consuming and complex exercise, with certain questions still unsolved. The aim of the current three-year research project, carried out in partnership between BRGM’s Mineral Resources Division and C3ED, is to propose a top-down / bottom-up indicators building methodology that combines conception and coordination methods and a participative approach. The tool-design phase is based partly on a comparative analysis of existing international initiatives according to different criteria (objective, observation scale, framework, etc.). The study of two African mining projects will provide the opportunity to confront the conceptual aspects with reality in the field. Careful consideration of the participants’ suggestions will result in a set of indicators that can be easily understood and adopted by all stakeholders. The final objective is to measure the impact of a mining site on a local, regional and national sustainable development frame, throughout the full life cycle of a mine.

Jan 1, 2005

By Jasper D. Ward

The Indiana Limestone Company has developed an insulated, thin and comparatively light-weight pane 1 suitable for use as a spandrel panel in a curtain wall. The panel is about four inches thick and is composed of limestone backed with insulation. The inner surface of the insulation is protected with asbestos-cement board or a metal pan, depending on the type of insulation, building-code requirements and appearance (if the surface is left exposed). The limestone is cut to the size of the spandrel openings and the insulation and backup is applied in the mill ready to be shipped and in- stalled in the wall grid, A mortarless and waterproof joint with the metal frame components is achieved through the use of neoprene, thiokol, and caulking, The limestone is "dirt-proofed" (waterproofed) in the mill to slow down discoloration. The panel weighs more than some presently used materials. However, ILCO's architects and engineers have found that curtain wall systems capable of withstanding imposed wind loads are made up of sections large enough to carry this extra load of stone with little or no modification to the size of the metal frame. Limestone, a traditionally sound material, can be used in this new way without losing any of its natural qualities of dimensional stability, resistance to fire, and permanence.

Jan 1, 1959