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By John J. Dran

In recent years, market rates of interest have risen well above their historical long-term average. Also during this period, the short-term variability of interest rates has been greater than in prior years. Interest rates have a significant effect on the operation of our economy. They influence the extractive industries in a number of ways. Their major long- range impact is on investment decisions - specifically the valuation of mineral deposits. An understanding of the factors that influence interest rates is important to the engineer or businessman who makes the investment decisions for the mining company. The effect of changes in the market rate of interest on the value of mineral reserves is critical to the future financial success of the mining enterprise. The most common simplification of the factors determining the level of interest rates is that they are a function of the demand for and the supply of money. While this is an oversimplification, most businessmen would be hard- pressed to provide a better explanation. The purpose of this paper is to explore certain fundamental economic aspects of interest rates and to examine their effect on the analysis of investment in mineral deposits.

Jan 1, 1975

By T. Dlokweni, A. Z. Toper, A. P. Squelch, R. G. Gürtunca

A collaborative research programme called 'DEEPMINE' was established in 1998 to investigate and research the problems of mining below three and five kilometres depths. Backfill is considered as an important support strategy to alleviate rockburst and rockfall problems in current depths and it will even become a more crucial mining strategy at ultra-deep level mining. In this paper, the evaluation and the application of the current backfill design criteria to the ultra-deep level mining environment are studied and a new backfill design criteria is proposed. The new criteria suggests that backfill should still be placed 60 - 70% of the area mined with a maximum fill to face distance of three metres. Furthermore, the vertical stress generated in backfill should be between 2 - 3 MPa at maximum 25 metres from the face at a corresponding strain value of maximum 10%.

Jan 1, 2001

By H. M. Breza

Utilization of Bucket Wheel Excavators and Overland Conveyor Systems to remove overburden provides increased productivity and flexibility to a surface mining operation. The utilization of such a system at the Texasgulf Inc. Aurora, North Carolina Mine has significantly improved the overall productivity of the mining operation. System flexibility is evidenced by adaptation to operation requirements such as mining area moves, movement of excavated overburden to designated sites, selective handling of overburden, spoil placement contouring, and providing an environmentally sound and safe operation. System productivity is evidenced by actual case studies relating to overall production, excavation rates, and cost effectiveness.

Jan 1, 1993

By R. Q. Honaker

Until recently, the application of the Jameson Cell technology in North America has been restricted to minerals processing. Recently, laboratory, pilot-plant and full-scale testing has been conducted to assess the Jameson Cell's ability to effectively treat fine coal. Based on the data, carrying-capacity relationships have been developed. In addition to its operational simplicity, the Jameson Cell has the ability to provide a separation efficiency near the theoretical separation performance on the basis of ash rejection while achieving a relatively high throughput capacity Tie results obtained from the various fine coal cleaning applications in North America is presented in this publication.

Jan 1, 1999

By C. W. Chiaretta

Utah Power and Light Company's Deer Creek Mine had been developed to a point where mine ventilation efficiency had declined to an unacceptable level. Problems identified were ventilation of inactive areas, excessive leakage, and restrictions in the return and intake air ways. Mine management implemented an intensive mine ventilation improvement program to alleviate future problems with respirable dust in the working sections and diesel equipment emissions. Program objectives included sealing of inactive areas of the mine, rehabilitation of high resistance areas, and construction of additional intake and return aircourses. Applications of computer modeling techniques are used to predict the effects of ventilation changes and improvements. Improvements are then prioritized to achieve the largest efficiency increases first. Actual real time assessment of the mine environment and ventilation changes are accomplished with a mine wide monitoring computer system. The Deer Creek ventilation improvement program has more than doubled the ventilating efficiency of the mine.

Jan 1, 1990

By Steve L. Bessinger, Luis B. Giraldo, Joram Shenhar, James D. Pile

This paper discusses the Helical Drag Bit (HDB) and its rock drilling applications with an emphasis on use in mining operations. The HDB is a drilling tool that employs cutting members arranged in a pattern to form a helical groove or thread within a borehole. This pattern of cutters can be used for several purposes including roof bolting in mining, interpretation of the lithology of the strata being drilled and low energy consumption drilling. Laboratory and field experiments have consistently shown increase of roof bolt-anchoring capacities in weak rock of more than 100% using the short encapsulation pull test method when boreholes are conditioned using the HDB. In 2004 a series of tests conducted in mines with weak roofs demonstrated the benefits of HDB technology for roof bolting applications in mining. HDB technology offers opportunities for new and beneficial approaches to interpret the geology of roof strata. During conventional drilling, traditional approaches to determine rock properties require simultaneous measurement of several parameters such as thrust, rotational velocity, torque and penetration rate. The unique geometry of the HDB possesses a characteristic that allows determination of the mechanical properties of the rock being drilled by measuring torque as a single drilling parameter. This capability greatly simplifies the process of determining rock properties and provides reliable results. Additionally, HDB technology has been demonstrated to offer significant advantages for rock drilling. A substantial portion of the rock is removed by the fracturing of the internal thread created in the rock bore by the tool taking advantage of the weakness of the rock in tension. Because the rock chips obtained in this process are relatively large, savings in energy are realized when compared to traditional drilling technologies.

Jan 1, 2005

Sweden is beginning to reap the rewards of a process that has transformed a country with a history of metal mining into one of Europe's most vibrant exploration regions. Exploration and mining companies from North America, Europe and Australia have joined local firms in the search of gold, base metals and diamonds. This has been due to changes in Sweden's mining laws in the early 1990s. These changes opened the way for unhindered private sector investment in the country's mineral industry. More than 20,000 km2 (4.9 million acres), mainly in northern Sweden, is now held under granted or applied exploration claims. Exploration permits diamonds, applied or granted covers more than half of Sweden's surface. This is a greater proportion of the country than ever before. Major mining companies and junior explorationists are evaluating a geological potential that bears favorable comparison to other major mining centers. Historically, Sweden's gold re- sources occur in greenstone belts in northernmost Sweden and in association with massive sulfide deposits in the Skellefte district. These are receiving particular attention by exploration companies. In addition, new areas in Sweden are also being explored for gold. This increases the probability that Swedish gold production - already the highest in Europe - will increase in the future (Table 1). Sweden's recorded mining history goes back for much of the last large pool of expertise in exploration, mining, equipment manufacturing and minerals industry research. In addition, the Geological Survey of Sweden provides sup- port for exploration in terms of data archives, processing and publications. Other benefits for exploration companies are Sweden's communications infrastructure, its member- ship in the European Union, bringing access to one of the world's major markets and the high level of educational, technical and language skills held by the country's work- force. And deregulation of the economy and the introduction of competitive corporate tax rates have made Sweden a favorable destination for investment in Europe.

Jan 1, 1997

By Josiah Pohl, Christopher Utter, Kyle Everly, Akshay Chowdu

Battery Electric Vehicles offer increased energy efficiency for open-pit load & haul operations at a potentially lower overall carbon cost. Electrifying a mine’s fleet, however, presents a unique set of operational challenges. In this study, we explore the effects of electrification on productivity at real operations using a Discrete Event Simulator. The model can simulate multiple shifts, a mixed fleet of diesel and electric trucks, charging and refueling stations, trolley systems, and accurate shovel-truck loading cycles. This study helps determine the trade-offs of adopting electric fleets and how they interact with the layout of today's mines.

Jun 25, 2023

This paper addresses the valuation and development timing of an undeveloped mineral project. Traditional analysis has us developing the project immediately if its net present value (NPV) is positive. Option pricing theory finds that it is better to wait until the NPV of the property is significantly greater than zero before developing. Alternatively, when evaluating the development timing decision, we must calculate NPV using a higher "timing-adjusted" discount rate, and develop the property only if its NPV using this timing-adjusted discount rate is greater than zero. This paper uses option pricing ideas to convert this development timing advice into a more concrete and user-friendly decision rule: develop the project when its "development-timing NPV" is positive, this development-timing NPV being calculated using the normal discount rate.

Jan 1, 1997

By J. Paraszczak

Water-powered jackleg rock drills, introduced recently in South African mines are reported to be more efficient, faster and more comfortable to operate than conventional pneumatic drills. A comparative testing of both drill types was performed in Quebec. Based on its results and time studies done in the mines, water-powered drilling has been reviewed with regards to drilling rates achieved, infrastructure needed, side effects, health and safety considerations. This study shows that the application of water-powered drills may help increase footage drilled and improve working environment, but under specific conditions. The examples of such applications are given in the conclusions.

Jan 1, 1995

By I. Melik-Gaykazov, N. N. Melnikov, V. A. Fokin, S. P. Reshetnyak

Kola Mining Institute has been carrying out investigations of the possibility to steepen the walls of the Kovdor open pit with the design depth of 600 m. Steeping (up to 60°) wall angles is done by double height (24 and 30 m) benches with vertical slopes. One of the safety factors of mining with such walls is choosing the width of the safety berms preventing against rock falling from the slopes into the pit working area. The test on rock falling from 24 m benches has shown that vertical slopes are not more dangerous compared to the inclined(60-75°) ones.

Jan 1, 2003

By M. Dayne Aldridge

A description is given of an experimental ventilation control system designed, built, and tested by WVU under United States Bureau of Mines sponsorship. A description is given of the control, system used and the mine-wide microcomputer-based ventilation monitoring system used with it. Test results of experiments conducted with this system at Eastern Associated Coal Corporation's Federal No. 2 underground coal mine are presented. In addition, a brief description is given of a new microprocessor based system presently being tested.

Jan 1, 1980

The surface of chalcopyrite was studied in situ in aqueous solution by an atomic force microscopy (AFM). The AFM images showed that some absorbate in patches was detected on the mineral surface, after the chalcopyrite sample was soaked in 5x10-4M potassium ethyl xanthate (KEX) solution at pH 11 for 10 minutes. These patches increased in size with time elapsing. At the same time, as shown by the obtained AFM force curves, the adhesion between the AFM tip and the substrate increased greatly due to the adsorption. Rinsing with ethanol removed the absorbate from the chalcopyrite surface, as well as the big adhesion observed in KEX solution.

Jan 1, 2010

By Michael M. Kimberley

Gold is sufficiently valuable that concentrations as small as 1 p.p.m. may support low-cost mining. Mindful of this, Sunoco Energy Development Company (Sunedco) obtained fire-assay analyses on some sulfide-rich sandstone encountered during routine drilling. Initial fire-assay values from independent laboratories indicated some significant gold values and independent analysis by atomic-absorption spectroscopy also indicated detectable gold at economically interesting concentrations. Sunoco geologists realized the potential for spurious results inherent in both fire assaying and atomic-absorption spectroscopy. Fire assaying that relies on gold measurement by weight requires perfect separation of gold from all other elements, Imperfect separation may artificially enhance apparent gold concentrations. Atomic-absorption-spectroscopy (AAS) measurements are potentially subject to interferences from other elements. For example, Beamish and Van Loon (1977, p.4) report AAS measurements of 4 p.p.m. Au to be characteristic of completely barren soil samples when samples are prepared by standard dissolution in HC1 to form solutions of about 10,000 p.p.m. total cations (mostly Na, Ca, Mg, Al, and Fe) .

Jan 1, 1981

By S. Veeramasuneni

The recent nonequilibrium electrophoretic mobility measurements by laser-Doppler electrophoresis coupled with the stability and prevalence of collector colloids in soluble-salt flotation systems suggest that the selective flotation of alkali halides is due to the adsorption of oppositely charged collector colloids by heterocoagulation. Previously reported flotation results confirm this surface charge/collector colloid adsorption model. These results also indicate that the sign of the surface charge has a significant effect on the extent of particle dispersion/aggregation. In this regard, the nature of such particle interaction forces at high ionic strengths are examined to improve our understanding of these systems. Atomic force microscopy (AFM) is now being used to directly measure the interaction forces responsible for the stability of these alkali halide aggregates observed in optical microscopy studies. Results from this study indicate that, while repulsive hydration forces exist between similarly charged hydrophilic particles, attractive forces exist between oppositely charged hydrophilic particles in high ionic strength solutions.

Jan 1, 1999

By Karl E. Elers

The term "potash" denotes a family of minerals and compounds of potassium, containing greatly varying percentages of that element. In commercial usage, most of the potash products are used in agriculture, where they are used to furnish potassium, one of the three basic elements for plant growth; the other two being nitrogen and phosphorus. Potassium's contribution to plant life is principally as a stalk strengthener, and if soils can no longer supply this basic element, then crop failure is inevitable without nutrition supplied from fertilization. While agriculture uses some 95 per cent of the potash produced, other industries require highly refined potash, for the manufacture of soaps, dyes, pharmaceuticals, synthetic rubber, insecticides, photographic film, and other products. Until the mid-nineteenth century, world agriculture had three options related to the potash content of soils: 1) crop rotation and pasturing to attempt to minimize the loss of potash in harvesting, 2) abandoning depleted and exhausted soils (part of the reason for the vast migration of populations in Europe and Asia), and 3) burning forests for the use of the ashes, and concentrating the nutritional value by boiling the ashes in large kettles, for "pot - ash". With the discovery in the mid 1800's and exploitation of potash from underground deposits in Germany, the beginning of the modern potash industry was established, but American potash requirements remained substantially dependent on German production until the 1920's, when oil drilling in the Permian Basin of New Mexico

Jan 1, 1972

By James E. Kolesar

An essential prerequisite to expanding the application of longwall mining techniques in the United States is the development of a better understanding of the mechanics of rock mass deformation near the mined seam, in the inter- burden and at the surface. The results of studies of this type will provide a basis for the development of empirical and/or numerical modeling techniques to predict the rock mass response to mining both near and far from the mined seam. This will lead to improved gate and panel design, resulting in maximum recovery, increased productivity, as well as provide a mechanism for assessing likely surface effects induced by long- wall mining. Presented here is the instrument plan to be used at Kitt Mine No. 1 in the study of rock mass response to two adjacent longwall panels.

Jan 1, 1982

By F. F. Peng, Y. Xia

In modeling of hindered-settling bed separators, the published separation mechanisms are based on differences of particle density and size distributions, without the details of complexity of particles-liquid interactions. A fluid dynamic model for the separator is developed using Euler-Lagrange approach of Computational Fluid Dynamics (CFD). Fluid motion is obtained from solving the movement of liquid governing equations. The damping effect on flow pat-terns caused by the movement of particles resulted in liquid-particle coupling is included in the model. Effects of particle size, and particle density compositions, feed rate, feed water flow rate, upward fluidizing water flow rate, etc., are simulated in the 2-D separation model. Flow pattern effects on the separation of fine particles in the separators with center downward-flow and side cross-flow feed systems are investigated.

Jan 1, 2004

By R. Stocker

Flotation recovery of molybdenite particles finer than 15 micrones sharpy decreases with decreasing size. A totally hydrophobic latex agglomerant (UBC-1), which was previously reported to be very efficient in agglomerating hydrophobic fine coal, has been found to agglomerate fine molybdenite particles. The agglomeration takes place only in the presence of MIBC which is commonly used as a frother in molybdenite flotation. Adsorption tests confirmed that MIBC is adsorbed onto molybdenite. The effect of the agglomeration on flotation has been studied by floating fine molybdenite from mixtures with quartz using the UBC-l agglomerant and the MIBC frother. A significant improvement in the flotation of fine molybdenite has been observed in the presence of the UBC-l agglomerant. The best results have been obtained around pH 5.5 which corresponds to the iso-electric-point of molybdenite.

Jan 1, 1997

By W. A. Haley

As far back as 1939 state laws have required reclamation of mined lands. Reclamation has been the topic of many discussions and presentations, especially since the late 1960's. In the past ten years many states have added legislation concerning the reclamation of coal-mined lands. In the near future, it seems certain that some federal regulations will be passed that will set minimum guidelines for the states to regulate. Besides the requirement of returning the land to the approximate original contour, future regulations will more than likely demand replacing topsoil from one to five feet thick. As regulations become more stringent, costs will rise accordingly. Since no one has developed a machine that can do all reclamation work by itself, it is necessary to review in detail the tools available and to select the most economical means.

Jan 1, 1976