Search Documents

By Jeff Stufsky

Debt Financing ?Broad Market Overview ? Recovering due to factors including: ? Increased trust in the system ? Enhanced capitalization of financial institutions ? The need to deploy capital for profit ? Competition: ? Investment-grade bond volumes increasing dramatically, and starting to pressure banks to compete with new capital ? Term Loan B financing from insurance companies and related institutions is returning, also pressuring banks to lend ? Local country financial institution capacity in Latin America has materially increased ? Results: ? Loan capacity increasing generally across instruments, regions, and sectors ? Financial institutions/banks starting again to seek yield as pricing competition heats up ? Tenors increasing with pricing coming down more slowly Underwriting is back in play

May 1, 2010

By J. M. Shneerson

Gipronickel Institute, Saint-Petersburg will The copper concentrate was extracted from copper and nickel matte after its hydrometallurgical treatment and nickel removal. The concentrate containing 60-74% of copper was represented by two principal copper minerals, digenite and covellite. The oxidising leaching of this kind of concentrate was studied at the Gipronickel Institute. The effect of key parameters, such as temperature, oxygen partial pressure and initial solution compound, on the rate of copper dissolution and transfer of sulphur from sulphide to elemental form was investigated. It was shown that at temperatures about 90DC, the sulphur content of covellite converts to elemental form. Under autoclave conditions at 11ODC, the elemental sulphur dissolves as a sulphate-ion. At the temperature range from 50 to 90DC, the copper dissolution rate is in direct relation with temperature. By increasing the temperature to 130DC, this effect is reversed. Based on the research work, a technological flow sheet for the leaching of the copper concentrate was developed.

Jan 1, 2007

By Timothy D. Dreger

In the spring of 2009, Suncor Energy Inc. technical personnel saw an opportunity to improve planning 0and mining of overburden material in order to address aggressive construction goals and increased mining complexity. By tying together current and historical equipment performance, geological model information, and material observation in the field new operating elevations for the shovels were developed. At the same time, methodology of recording and reporting overburden movement through the Modular Mining DISPATCH system was changed. The result of this first stage of improvements was an increase in construction-grade material available at the face. The personnel involved realized that other opportunities were available to build on the initial successes and establish processes that would stand up to attrition and experience levels. A cross-functional technical team was assembled to identify ways of further improving workflows around overburden mining. Some of the opportunities realized include greater alignment between planning, reporting and operations as well as development of reporting tools that help steward Mine Operations to the plan. All of which have resulted in Suncor meeting or beating its forecast overburden targets. The cross-functional technical team continues to seek out new and better ways of doing business so Suncor can continue to deliver on its commitment of outstanding performance and results.

May 1, 2011

By P Kovacs, D. L. Flock

For the purpose of reservoir-performance calculations a balance can be made between the materials with-in the reservoir and the production from the reservoir. The material balance equation, a relationship which holds under or near equilibrium conditions, has been used in many forms by the Petroleum Engineer for the determination of initial oil-in-place in the reservoir and the calculation of performance into the future. One of the more recent methods developed by Tracy, utilizes a modified form of the Schilthuis material balance. In the latter case, values of incremental production are assumed for a particular pressure drop, a value of the gas-oil ratio found and a check of this estimate made by calculation"' the initial oil-in-place. Tracy's method utilizes an estimation of the instantaneous gas-oil ratio and by trial and error a value of the gas-oil ratio is

Jan 1, 1961

By J. G. MacGregor

At this, the opening meeting of the Western Quebec Branch of the Institute, it seems fitting that the first paper presented should embrace a survey of the known mineral deposits occurring in the area, and also a review of ?the exploration methods that have brought about their discovery. And since the study of geological structures must always be the guiding principle of an intelligent exploration campaign, it also seems to be the appropriate occasion to review the geological situation from the economic angle, in an attempt to arrive at a re-statement of the known facts governing the deposition of the mineral bodies . . It is not my intention to confine my remarks entirely to the geological problems involved, but rather to pass under review the exploratory methods that have been employed in the past and that are presently being used, and to offer a forecast of the type of exploration campaign that will be largely adopted in the future search for ore.

Jan 1, 1929

By Leonard A. Wolff

"The 1980sfor the mining industry can be characterized as the survival of the fittest. High interest rates, low commodity prices, foreign subsidized competition and decreasing ore grades have contributed to a streamlining of the domestic mining industry in the United States, leading to the shutdown of operations or large cutback of work forces. The purpose of this paper is to look at the impact of a layoff on the employees of what was once a major uranium producer in south central Wyoming, twenty months after the final layoff and mine shutdown. INTRODUCTIONDecember 19, 1985, was the date of the final of three successive layoffs over a two-month period, leading to the complete shutdown of Petrotomics Company, a subsidiary of Getty Minerals Company. The final shutdown was due to a combination of depressed U3O8 prices and the takeover of Getty Oil Company by Texaco in January 1984.The layoffs affected 104 employees and included mine personnel, mill personnel and staff. Both hourly and salary workers were involved. The operation was considered non-union, however, a few mill hourly employees were unionized. At the completion of the layoffs. only a handful of employees remained for administrative and miscellaneous functions.For Getty employees, the terms of the merger agreement provided a generous level of separation benefits. The terms that were insisted upon by Mr. Petersen, Chairman of the Board for Getty Oil, stipulated that employees receive one month of severance pay, for each full calendar year of employment up to a maximum of two year's pay. This was the forerunner of what is now commonly known as the ""tin parachute”. All but the union employees of Petrotomics received these separation benefits. Union employees were covered by their separate, less generous, contract.Much of the literature that has been published in recent months has centred around the effects of layoffs on remaining employees, or the psychological effects on the severed employee. This study will emphasize the economic impact and ramifications due to a layoff, using the Petrotomics employees as a case example."

Jan 1, 1989

By Phil Molloy

"In March, 1968, Skega Ruh her Liners were used to reline the shell of an 8' x 12' Allis Chalmers ball mill.This mill is used to regrind the cyanided pulp from 58i -200 mesh to 92% -200 mesh prior to this pulp passing to the flotation circuit, at approximately 450 tons per day.Before the use of rubber liners, the regrind ball Mill shell had been lined with single wave ni-hard liner!'. These liners had an average life of five years. Ni-hard end liners were used both prior to and during the use of rubber liners, as the life of the ni-hard end liners was about seven years, and it was thus felt that little economic benefit would be realized by lining the ball mill ends with rubber.The rubber lining used has a thickness of 57.15 millimeters and the square shaped lifter bars which are spaced at 14~ inch centres, have a 4"" x 4"" cross-sectional dimension.With the use of ni-hard liners, the consumption of 1 1/4 forged steel balls averaged 1.062 pounds per ton, Using rubber liners the consumption of l~"" forged steel balls increased to 1.368 pounds per ton. Also the level of the ball load which previously had been kept at approximately 18 inches below the mill discharge, had to be increased to approximately 8 inches below the mill discharge in order to effect the same grind.The initial gri4ding performance of the newly relined mill was also poor, until the leading edge of the rubber lifter bars, which were square shaped in cross-section had been worn to a rounded profile. These lifter bars were replaced after 4 years and 3 months of operation.The advantages of rubber liners in our opinion is as follows:"

Jan 1, 1974

By Michel Dagbert, Mohammed Harfi

"Abstract - The Draa Sfar polymetallic deposit, at about 16 km NW of Marrakech in Morocco, is a massive sulfide zone at the contact between an underlying volcanic and an overlying clastics sequence. The mineralized body is a flat lens with schistosity and "boudinage," tilted to the west and with a strong dip to the east. The lens extends over a strike length of about 2 km and from surface to a depth of about 1 km, with thickness varying from 1 m to almost 30 m. It has been intersected by about one hundred surface drill holes and, in its south part, by about thirty underground fan holes from two exploration levels at depths of 300 m and 400 m. On these two levels, the massive sulfide zone has been channel sampled over a cumulative length of about 0.7 km. Results from drill and channel samples are used to estimate the resources of the orebody according to several methods: sections, polygons around intercepts on a longitudinal plan, grids on the same longitudinal plan with various distance weighting methods including kriging and, finally, a 3D grid with the same range of interpolators. A comparison of the various estimates delineates the important factors in deriving resources for this type of deposit. Those factors are mostly geological and related to the interpretation of the geometry of the two limiting surfaces of the zone. For the 3D gridding, the authors have devised a new and original method that constrains the interpolation of blocks from samples to a geometry of limiting surfaces. The resulting model shows internal grade variations that parallel fluctuations of zone thickness and orientation without having to re-orientate the search window in each block. Résumé - Le gisement polymétallique de Draa Sfar, situé à environ 16 km au NW de Marrakech est un horizon de sulfure massif au contact d’une formation volcano-sédimentaire de base et d’une formation détritique sur-jacente. Le corps minéralisé se présente sous forme d’une méga-lentille aplatie, schistosée, boudinée et déversée vers l’ouest avec un fort pendage vers l’est s’étendant sur une longueur de 2 km et une profondeur de près de 1 km avec une épaisseur variant de moins d’un mètre à près de 30 m. Il a été reconnu par plus d’une centaine de sondages de surface et, dans sa partie sud, par une trentaine de trous souterrains en éventail à partir de deux niveaux à des profondeurs respectives de 300 m et 400 m. Sur ces mêmes niveaux, des traçages ont permis de rainurer le minerai sur une longueur cumulée de 0.7 km. Les données de sondage et de rainurage ont servi à estimer les ressources du gisement selon plusieurs méthodes : sections, polygones sur longitudinale, grille sur longitudinale avec différentes pondérations en fonction des distances incluant le krigeage et enfin grille tridimensionnelle avec le même éventail de pondérateurs. La comparaison des estimés obtenus permet de mettre en évidence les facteurs importants dans l’estimation des ressources de ce type de gisement. Ces facteurs sont essentiellement géologiques et relatifs à l’interprétation de la géométrie des limites des corps minéralisés. Pour l’estimation sur grille tridimensionnelle, on a mis au point une technique originale qui calque l’interpolation des blocs à partir des échantillons sur cette géométrie des surfaces de contact. Le modèle résultant montre des variations internes de teneurs qui épousent les fluctuations d’épaisseur et d’orientation de la zone sans qu’il soit nécessaire de ré-orienter les fenêtres de recherche dans chaque bloc."

Jan 1, 2002

Planning and operational problems Difficulty in getting accurate geological interpretation Hard to plan work in advance Constant changes in engineering drawings and specifications Occasionally, a small stope portion requires changing the mining method from room-and pillar to shrinkage The ground has to remain stable until the entire stope is mined out A large stope portion is mined as development (30%) Frequent corrective excavation work due to dip changes Unstable and inclined working surface Frequent rehabilitation work is required

Feb 1, 2008

By R. E. Stewart

"Using the concept of economic life and marginal analysis, it can be shown that proper equipment replacement timing can save a mining company many thousands of dollars. To assist management with determining the economic life of mining equipment, a new computer package has been developed. The package, called ERG (equipment replacement guide), incorporates all important economic factors related to equipment usage, such as operating costs, maintenance costs, salvage values, depreciation, volume of work, tax credits, inflation rates, ROJ, etc. The information is used in a series of equations which balance the costs of new equipment against the total cost of old equipment. The solution of the equations determines economic life and the point in time when the old equipment should be replaced. IntroductionIn an operating mine, equipment must eventually be replaced or downgraded for a variety of reasons. Fleets of haul trucks, dozers and other major pieces of equipment deteriorate over time until the mounting costs of maintenance and repair force either a major overhaul or the ir replacement by new and more efficient pieces of equipment.The question of determining the best time to replace old equipment has been approached in many different ways. Various methods, ranging from operating experience, intuition and physical necessity to sophisticated computer models have been devised to help cope with equipment replacement decisions . The best of the se will incorporate the most important economic factors related to equipment usage, such as operating and maintenance costs, salvage values, depreciation, work delivered, the cost of capital, tax credits and, of course, the effects of inflation.Economic TheoryThe fundamentals of equipment replacement theory grew out of the interaction between economics, engineering and finance. The use of annual cost comparisons and rate-of return calculations were helpful in handling situations in which assets with different finite lives were being compared. Later developments bringing together the concept of economic life and marginal analysis helped provide additional refinements to the theory. Taylorui showed that the displacement of an aging asset with a similar, but newer, asset can be justified economically when the marginal cost of keeping the asset one more year exceeds the minimum uniform annual cost equivalent of the proposed replacement."

Jan 1, 1980

By Bish Chanda

In the minerals business, like any other commodity-based business, management faces the daily challenge of holding down costs while the real prices of products are continually falling on an inflation-adjusted basis. Since the marketplace sets the prices, often without any premium attached for product quality, being one of the lowest-cost producers is the most viable competitive strategy. Continuous improvement is the mantra that can make the difference in terms of long-term survival of a mining company. Yet, this message has not always been followed, especially during periods of prosperity ushered by high commodity prices. More often than not, the need for improvement is only triggered by a crisis. This may be caused by events such as the onset of a severe economic recession, a prolonged oversupply situation due to an optimistic expansion of capacity during the period of prosperity, or simply falling profits alerting management to bring costs under control. At that time, there would be a need to implement a new cost-saving program, bring in a consultant to find ways to reduce costs, or re-activate an old program that had been shelved for some time.

May 1, 2003

By R. C. Reed, A. Akhtar

Oxidation of the third generation cast single crystal, nickel-base superalloy CMSX-10 is examined using isothermal tests at 900°C and 1000°C for times ranging from 20 hours to 100 hours. X-ray diffraction, scanning electron microscopy and energy dispersive secondary X-ray analysis were used to characterize the microstructure. It was found that the external scale formed at 1000°C is made up of (Ni,Co)O and the spinel NiCo2O4. The (? + ? ') microstructure of the superalloy transforms into the intermetallic (3 phase prior to the onset of internal oxidation. Internal oxidation results in the formation of (Ni,Co)Ta2O6 and (Ni,Co)WO4. No evidence was found for the formation of alumina (Al203), and the spinels NiCr2O4 and NiAl2O4 in this third generation superalloy. Results of the laboratory investigation are compared with those of an aero-engine turbine blade removed from service and examined earlier.

Jan 1, 2004

By S. Hon, C. Searcy, R. DasGupta, B. Fleet, A. Davidse, A. Pringle

"The mining industry is facing serious long- and short-term challenges relating to uncertain commodity prices, environmental pressures, and margin compression due to rising energy costs. Energy issues, formerly treated as an operating cost, are changing as executives search for longer term solutions to deal with uncertain fossil fuel prices and greenhouse gas emissions. Consequently, mining executives are increasingly willing to consider introducing a proportion of renewable energy (RE) systems into the mine energy mix. This paper examines how RE can be successfully integrated at mine sites, as well as some of the benefits and barriers to their wider adoption.RÉSUMÉ L’industrie minière fait face à de sérieux défis, à long et à court terme, en raison de l’incertitude des prix des matières premières, des pressions environnementales et des compressions de la marge bénéficiaire dues à la hausse des coûts de l’énergie. Les questions énergétiques, auparavant considérées comme un coût d’exploitation, changent alors que les cadres cherchent des solutions à plus long terme afin de prendre des mesures pour contrer les prix incertains des combustibles fossiles et les émissions des gaz à effet de serre. C’est pourquoi les cadres miniers sont de plus en plus disposés à considérer l’introduction d’une proportion de systèmes d’énergie renouvelable dans l’équation énergétique de la mine. Le présent article traite de la manière dont les énergies renouvelables peuvent être introduites avec succès aux sites miniers ainsi que quelques-uns des avantages et des barrières à leur application à une plus grande échelle."

Jan 1, 2015

By Christian M. Bauer

Modern surface mines are among the world's largest single consumers of diesel fuel. A typical mine site can consume in excess of 200 million liters of diesel fuel per year. Delivered diesel fuel is not necessarily clean. Depending on the mode of transportation, handling practices and local climate, incoming bulk fuel can contain up to 20 mg/L suspended solid contaminants and also significant quantities of free water, which can amount to substantial quantities ? for a typical mine site 200 to 400 kg of dirt per year. Standard on-board fuel filters are not designed to handle high levels of contamination, and most engine manufacturers have specific fuel cleanliness requirements to ensure reliable engine operation. New developments in fuel injector technology, such as high pressure, common rail injectors require even cleaner fuel. In order to ensure reliable operation, it is therefore recommended to control particulate contamination throughout the entire Diesel supply chain - from the bulk storage on mine sites to the injection systems on-board through the use of particulate filtration and liquid coalescence technologies. In this work, the author introduces a comprehensive approach to contamination control for the entire fuel supply chain, and discusses the benefits of using advanced filtration and separation technologies, with a particular focus on the requirements of modern high pressure, common rail (HPCR) fuel injection systems.

Nov 1, 2011

By S. Orzecki

The KGHM Copper Refinery Plant, Glogów 1, has operated for 35 years and -increased its capacity almost ten times.Cathode quality, expressed in terms of the total impurity content, has undergone a five-fold improvement. The present refining capacity is equivalent to 240,000 metric tonnes of copper cathode, with a total impurity content of 20 ppm, inclusive of 10 ppm Ag. These accomplishments result from combined implementation of current technological progress in electrolytic refining and KGHM's own solutions applied to the Glogów Refinery. The quality improvement measures feature both lowering actual current density, despite an increase in nominal current density, and diminishing the role of non-ion mechanisms which transfer impurities to cathodes. The paper contains a detailed discussion of these issues and outlines possible measures aimed at further production and quality improvements.

Jan 1, 2007

By K. Morikawa, K. Asano, J. Yoshitomi

The quality requirements for ladle shrouds have become stricter year by year to the pursuit of higher productivity and improved quality in the continuous casting of steel. The ladle shrouds must be sufficiently durable under severe conditions, such as operation without preheating and during several sequential castings. The consideration is that ceramic fibres, which have been applied in shrouds for thermal insulation during casting, could pose a risk to the worker's health. We realized materials for the ladle shrouds which show high strength and low elasticity. At the same time pursuing effective insulation, a coating which contains no fibres (Foaming Coat) has been developed, replacing the conventional one containing fibres. These materials are durable under conditions of repetitive use and consequently satisfy the customer's demands. The ladle shrouds which were improved in this way have achieved an excellent durable life in hot service of three times that of conventional ones. This paper reports the recent technological developments in ladle shrouds as well as their performance under hot operating conditions.

Jan 1, 2004

By R. T. Erskine

"IntroductionIn this paper it will not be possible to cover all details of the reagent systems at Brunswick Mining and Smelting but it is hoped that a description of the evolution of these systems will be of some benefit. The concentrator of Brunswick Mining and Smelting located near Bathurst, New Brunswick was originally designed as a 3,000 ton per day operation but before construction commenced was uprated, with 4,500 tons per day being treated by the summer of 1964. Development of the open pit at another ore body five miles away was initiated in 1965 and additional concentrator and crusher facilities went into operation in September, 1966. Present total daily throughput is over 8,000 tons per day. The ore at Brunswick is very high grade but mineralization is very fine grained and requires grinds generally over 75% minus 400 mesh for liberation. The amount of surface exposed using grinds of this order understandably requires great quantities of reagents, Reagent mixing systems for the original concentrator allowed only for batch mixing and were very expensive in labour cost especially.During the first three years of operation total number of men employed in reagent handling reached a peak of four men per shift and six men on dayshift unloading cars for a total of 22 men. At present only one man is employed on shift, and four men on dayshift take care of unloading and mixing reagents, a total of 8 men. The man on shift is almost entirely occupied with checking feeder operation, flow rates, and head tank levels. Most commonly used reagents are tabulated in Fig. 1 showing average monthly and daily requirements in the Brunswick operation as well as pounds per ton of mill feed as found in 1969. It is very obvious that with over seventeen tons each of lime and soda ash and six tons of copper sulphate used each day, opening of bags and mixing batches of solution is an inefficient undertaking."

Jan 1, 1970

By Mori Fresko, Stuart M. Jones Jr

"This paper is derived from a document that compiles autogenous and semi-autogenous mill installations worldwide, through the end of 2010. Updates have been solicited from all major mill manufacturers and most have responded.A review of AG/SAG mills sold to date and in the last five years indicates that the AG/SAG mill market is very healthy and the trend is larger diameter mills with high diameter-to-length ratios. Ring motors (gearless) are the preferred drives for large mills even though the power transmitted through a gear drive is expected to near 11,000 kW per pinion in the near future.INTRODUCTIONThis paper is derived from a document that compiles autogenous and semi-autogenous mill installations worldwide. The list is maintained by Stuart M. Jones, Jr. (author), and is included in the appendix. This list has been the inspiration for similar papers in the past several SAG Conferences. Updates have been solicited from all major mill manufacturers and most have responded. Information from this list is compiled to illustrate the growth of the AG/SAG mill market and the use by industry and selected geographic areas. It covers the market growth through the end of 2010."

Jan 1, 2012

By H. A. Gorrell

Preliminary studies of the potential for the production of warm water (up to perhaps 150°C) have been carried out in the Plains region of Western Canada. Production might be from depths as great as about 5 km . Natural waters in this temperature range are currently being used for space heating in other parts of the world. The geography and stratigraphy of the Prairie Provinces are reviewed in terms of their apparent potential for warm-water production. Temperature, salinity and other data provided by wells drilled by the oil and gas industry are reviewed and problem areas are outlined.

Jan 1, 1979

By Ian S. Thompson

"Exploration properties form a continuum from grass roots to those with favourable geology, geochemical and/or geophysical anomalies, mineralization, showings (prospects), and finally to those with defined mineral deposits. Often properties exhibit a composite of these categories.The most problematic to value are properties or deposits that are not economically exploitable at the time of the valuation, due to a lack of exploration, insufficient grade or tonnage, poor mining conditions, or the imposition of socioeconomic, environmental, or legal constraints.Various acceptable methods of valuing the range of all such mineral properties or deposits are reviewed. Some inappropriate methods are also discussed.BIOGRAPHYIan S. Thompson is President and Principal of Derry, Michener, Booth & Wahl Consultants Ltd. (DMBW), an independent consulting practice, specializing in exploration, ore reserve estimations, engineering and valuations of mineral properties.Mr. Thompson is a graduate in Honours Geological Sciences from the University of Toronto with over 35 years Canadian and International experience in mineral exploration and development, including the discovery of base metal. gold and uranium deposits.DMBW is affiliated with DMBW, Inc. in Colorado, and works with independent engineering and financial groups in North America, Europe, Australia and Africa.Mr. Thompson is a national member of CIM; the Associations of Professional Engineers of Ontario and British Columbia; The Geological Association of Canada; The Society of Economic Geologists; The Prospectors and Developers Association of Canada and the BC and Yukon Chamber of Mines.INTRODUCTIONThis paper is presented in response to the request of the Mineral Economics Society of the Canadian Institute of Mining and Metallurgy for a Review of Approaches to Valuation of Mineral Properties, as recommended by the TSE/OSC Mining Standards Task Force.Exploration properties with undeveloped mineral resources range from grassroots acreage without exploration history, to those containing mineralization (or a mineral resource) that is insufficiently explored, to well explored deposits which lack either continuity, or sufficient grade/tonnage, or have poor mineability or metallurgy, such that they are not currently exploitable at the time of the valuation. This does not imply that they do not have value."

Jan 1, 2003