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By George A. Roche

Since our firm was established by Mr. Price in 1937, we have followed an investment philosophy which is based on the belief that investment in growth stocks is the most assured way of achieving superior, long term investment accomplishment. There are many criteria that we use to select growth companies but the most important is a combination of superior management operating in an industry with above average growth potential. This growth stock approach is the cornerstone of our investment strategy for two of the three mutual funds sponsored by the Price organization and for our private clients. However, during the past 5 years we have seen inflation accelerate due to a variety of factors including the inability of our government to meet seemingly unlimited needs with limited revenue sources. While there might be temporary periods of price stability, we believe that inflation will still continue to be the investor's greatest problem in future years. Our conviction that inflation would increase combined with the acceleration of inflation in the late 1960s stimulated an intensive investment research effort, on our part, to identify those companies with strong natural resource bases -- who own or control large, secure, and low cost tangible assets. Over the longer term and in an environment of a depreciating dollar some of these firms should be able to develop and sell these assets at higher prices. While we still believe that investing in growth companies is a sound investment strategy to offset inflation, we also believe that certain natural resource companies will show well above average investment performance. In the newest Price mutual fund, The Rowe Price New Era Fund, we have, as a matter of policy, placed a large portion of the portfolio in natural resource companies.

Jan 1, 1972

By L. A. Neumeier

The Bureau of Mines evaluated the properties of zinc alloys containing 25 to 40 wt pet Al and 0 to 0.7 pet Mg. Microstructures, hardness, and tensile properties were evaluated for material as extruded at 285° C, solution treated at 300° to 400° C, and subsequently aged at 100° to 200° C. The alloys without magnesium are characterized by low hardness and strength with high tensile elongation and reduction in area. It was verified that magnesium effectively retards the Zn-Al eutectoid transformation below 275° C and markedly increases hardness and strength with decreases in ductility. Solution treating at 350° C results in large grain sizes and gross embrittlement. Subsequent aging of the Zn-Al-Mg alloys at 200° C restores ductility substantially and stabilizes the structures, but strengths are considerably reduced. Combined strength and ductility properties are better for the as-extruded condition than for any heat-treated condition. There is usually little advantage in overall tensile properties from increasing magnesium above 0.1 pct.

Jan 1, 1971

By C. Ek

In bismuth metallurgy, low-copper high-sodium mattes are by-produced. Different charges containing mixtures- of crude mattes, oxidized matte, and/or copper sulfide concentrate and/or copper silicate ore have been smelted to give a rich matte and a disposable slag, then converted to obtain blister copper with high recovery and a rich slag to be recycled.

Jan 1, 1983

By C. V. Baltzer, E. L. J. Bingham

Compliance with the EPA's emerging Clean Water Act regulations can be challenging. Open pit copper mines in Arizona have found themselves in a tangled web of changing rules, regulations, and guidance documents regarding storm water and process water discharges. Large mining properties must come up to speed on a myriad of issues including the definition of zero discharge, what constitutes a process related spring or seep, and tailings and waste rock Best Management Practices. The example of the Pinto Valley Mine in Arizona is used to illustrate National Pollution Discharge Elimination System regulatory issues.

Jan 1, 2001

By Vicente Pinto Neto

Este trabalho apresenta a análise e os resultados de ensaios físico-químicos e metalográfico, na recuperação dimensional, utilizando Procedimento de Soldagem com Arame Tubular (FCAW) em materiais de base em Ferro Fundido Nodular do tipo ASTM A 536 classe 60-40-18, aplicados em Mancais de Encosto de LTQ e LTF Siderúrgico. Para qualificação e aprovação do processo, foram realizados testes em amostras soldadas simulando condições de trabalho os quais são aqui apresentados Através deste trabalho, concluiu-se a recuperação de seis Mancais de Encosto Siderúrgicos com Peso unitário médio de 8 Ton.

Aug 17, 2017

By D. Pearson

About 15,000 tonnes of zinc per year is present in the dusts and fumes produced in electric arc and BOS steelmaking, secondary copper refining and brass ingot making. Apart from the use of some copper-smelter fumes for zinc chemicals manufacture, zinc is not recovered and their disposal by landfill entails some risk of pollution by leach-out. The paper describes processes for recovering the zinc based on leaching and electrowinning. It was shown that the procedures normally employed for purifying zinc-electrolytes derived from primary sources are sometimes ineffective for secondary materials. Alternative process routes are proposed. Source materials were leached with acidic or alkaline reagents and solvent extraction was employed for electrolyte purification in addition to the usual techniques involving precipitation. Examples of integrated flow sheets for specific source materials are presented.

Jan 1, 1980

Today?s Topics ? Data to decision value chain ? Practical Considerations ? Example ? Before / After DSS ? Quick Decision Support Demo Practical Considerations ? More data is not necessarily better ? Organization and process silos ? Good vs. ?optimal?, but impractical Solutions

May 1, 2008

By J E. Lynch

The Weda Bay nickel and cobalt laterite deposits on Halmahera Island, Republic of Indonesia were first drilled in May 1996 by Strand Minerals Pte Ltd (Strand). Subsequent exploration has delineated four large laterite provinces, parts of which have been diamond drilled to outline an indicated nickel resource of 59.9 Mt of 1.51 per cent Ni and 0.09 per cent Co within a total indicated and inferred resource of 117 Mt of 1.36 per cent Ni and 0.12 per cent Co. The project is held as a Seventh Generation Contract of Work (COW) by PT Weda Bay Nickel, which is jointly owned by Strand (90 per cent) and PT Aneka Tambang (ten per cent). Strand is a wholly owned subsidiary of Weda Bay Minerals Inc, a company listed on the Toronto and Alberta Stock Exchanges in Canada. Halmahera is located in the north-eastern part of the Indonesian archipelago at the convergent junction of three major plates and is a region of considerable tectonic and geological complexity. The western arms of Halmahera form a classic volcanic island arc while the central region and eastern arms contain ophiolite complexes and interlayered sediments. The extensive areas of laterite discovered at Weda Bay have developed over serpentinised harzburgites and dunites of pre-Cretaceous age. Weathering of these rocks has produced laterite profiles that are enriched in nickel and cobalt. There are three economically mineralised laterite types, namely limonites, ferruginous saprolites and saprolites and all are amenable to rapid pressure acid leaching with recoveries of 98 per cent nickel and 94 per cent cobalt in less than 20 minutes.

Jan 1, 1999

By Paulo Paranhos Gonçalves Filho

O trabalho apresenta as etapas e resultados obtidos através do projeto de adequação da iluminação de Usinas de Pelotização da VALE no Complexo de Tubarão em Vitória - Brasil utilizando tecnologia LED (Light Emitting Diode). Foi elaborado um estudo luminotécnico das usinas, assim como levantamento in loco para elaboração do projeto de adequação e substituição das luminárias LED. Houve também um estudo da tecnologia e busca por tipos de luminárias que melhor atenderiam cada área especificamente. Foram feitas medições de potência instalada e iluminância das principais áreas das usinas para posterior comparação com os resultados alcançados. Nas áreas onde a tecnologia LED já foi implantada foi obtida uma redução de 45% em média no consumo de energia elétrica do sistema de iluminação. Verificou-se também um incremento de até 11 vezes no nível de iluminância além da redução das intervenções por parte da manutenção para substituição e/ou melhora da iluminação. A viabilidade da utilização da tecnologia LED foi confirmada pela redução de custo com energia elétrica, redução de manutenção do sistema de iluminação e aumento da iluminância na área com o consequente aumento de segurança no trânsito de pessoas e execução de atividades.

Aug 2, 2018

By Abouzar Vakili

Longwall Top Coal Caving (LTCC), as the most attractive method for thick coal seams, has been suffering from insufficient geomechanical understanding for the past few years. Cavability without doubt is the most critical geomechanical issue associated with the top coal caving method. A discontinuum method has been used for comprehensive modeling of LTCC operation by using the Universal Distinct Element Code (UDEC). In addition Particle Flow Code (PFC) and Phase2 were used as support for the caving mechanics analysis. Although the previous researches of gravity flow in caving operations neglected the effect of continuous span expansion, it has been observed in this study that face advancement has a great impact on roof symmetrical behavior. The amount of symmetry fluctuates between different face distances. Horizontal displacement seems to be the best indication for roof symmetrical evaluations. Two critical caving conditions have been modeled and parameters such as horizontal displacement, caving angle and recovery rate have been compared thoroughly. Results show that unsymmetrical behavior on the roof is closely related to face stability.

Jan 1, 2007

By Eric G. Kok

Complying with respirable dust standards is presently a critical problem for many longwall faces equipped with double drum shearers. Results are presented of research performed to increase the quantity and optimize the distribution of the water supplied to the shearer drums to control the shearer operator dust exposure. The effect on the total respirable dust produced by the shearer was also examined. During the research effort, a simple and inexpensive manually controlled valve system was designed and implemented on a shearer to distribute the water supplied to the shearer drums. Research showed that increases in water quantities are beneficial but associated pressure increases may induce respirable dust boilover negating potential advantages. Other essential parameters such as location of shearer operator, outside spray orientation and air quantity were considered in the evaluation.

Jan 1, 1986

Gravity gold recovery has been practiced for thousands of years, making it one of the oldest forms of mineral processing. Gold is 19 times heavier than water although the barren rock is generally only 2.7 times heavier. Any potential gold ore needs to be characterised to assess its amenability to a gravity recoverable gold (GRG) process based on well planned and executed test work. Scale up considerations need to be considered in designing a gravity circuit. The economic impact of a gravity circuit should be justified based on the installed cost and likely benefits. Maximising gravity gold recovery results in a faster cash flow, lower operating cost per ounce and higher overall gold recoveries compared to the several weeks required to recover gold adsorbed onto carbon. The advent of centrifugal concentrators such as the Knelson and Falcon, coupled with intensive leaching of concentrates (ILR), has revolutionised gravity gold circuit designs. Considerations associated with the sizing of the centrifugal machines and the percentage of the circulating load (bleed) that should be processed is discussed in this paper. The trends with gravity circuit layout, engineering, as well as optimum dumping cycles, are important areas which require close consideration. Key aspects of these are presented in this paper. There are a number of circuit configurations to be considered, including the integration of different gravity concentrators. Other gravity process design considerations such as fewer modules, the effect of equipment size and enhancement of process efficiency using preconcentration, together with factors that affect OPEX and CAPEX are addressed. Practical considerations of maintenance, security from theft, minimisation of risk and water balance considerations are discussed using different equipment and circuit configurations. The trend towards using gravity recovery in flotation plants is also reviewed. A number of examples are cited and good design aspects highlighted.

Aug 1, 2010

By Jilai Xue, Jun Zhu, Baisong Li

"TiB2-C/C Function Gradient Materials (FGM) is used in cathode materials to improve aluminum wettability and melt penetration in aluminum electrolysis. In this investigation, FGM was tested for use as part of the cathode materials, where a 10 mm thick TiB2-rich layer was on the top as an Al-wettable surface, the TiB2-C layers in the middle as a gradient layer and the carbon on the bottom as a base. Electrical resistances ofFGM were determined in the temperature range of25- 9600C in argon atmosphere. The results show that the present of TiB2-C gradient layer can reduce the open porosity and the electrical resistance of the cathodes materials at elevated temperatures. The cathode samples after aluminum electrolysis usually demonstrates an increase in electrical resistance, but the application of FGM layer can compensate such an increase for certain extend due to less variation in porosity and lower the level of melts penetration.IntroductionCarbon is still used for aluminum reduction cathodes dominantly, but it has a poor wetting properties by liquid aluminum and the anode-cathode distance has to be kept about 4-5cm with an additional 1.3-2.0 V voltage drop [l]. TiB2 has better wettability by liquid aluminum with higher electrical conductivity and stronger chemical resistance to the electrolyte attack. And the wettability ofTiB2-C composites cathode on liquid aluminum can be also improved, while liquid aluminum can completely wet the cathode surface ifTiB2 content exceeds 27% [2-4]. However, during the process of TiB2-C composites cathodes preparation and aluminum electrolysis, the deformation by temperature variation or sodium penetration are great disparity between TiB2 and carbon due to their physical properties difference. This will accelerate the cathodes cracking and deterioration."

Jan 1, 2013

Exploration and mining title administration in the Northern Territory has changed dramatically over the last 20 years. These changes have occurred due to legislative amendments, technological developments, and the changing face of the mining industry. The first legislation to control mining in the Northern Territory was the Northern Territory Gold Mining Act (1873) of South Australia. In 1911, control of the Northern Territory was passed from South Australia to the Commonwealth. As a result of the mining boom which followed the discovery of gold in Tennant Creek in 1932, the Commonwealth passed the Mining Ordinance of 1939. This legislation was amended 39 times and stayed in force until July 1982, when the self-governing Northern Territory passed the Mining Act 1980. This Act is still in force and is continuously under review. The first computerised mining titles system, REGIS, was created in 1984/85 and was, to all intents and purposes, just a computerised index. Various modifications ensued, and in 1989 the Titles Database was unveiled. The database has developed to be one of the most sophisticated yet user-friendly mining titles databases in Australia. In excess of 50 companies have access to the database from their own offices. Work continues on its development and fine-tuning. The paper outlines the development of the database since inception.

Jan 1, 1994

By R. L. Fullman, J. W. Cahn

A method is derived for obtaining the distribution of sphere diameters and plate thicknesses (or pearlite spacings) from size distribution functions obtained along randomly oriented lines. The method described offers several advantages over existing methods. IT is often of interest to measure not only the average particle size but also the distribution in sizes of particles dispersed in an opaque material, such as an alloy. Particles of a single size will exhibit a range of apparent sizes on the plane of polish. If the sample contains a distribution of particle sizes, the distribution of observed sizes on the plane of polish is related to the distribution of actual particle sizes by an integral equation, For example, a distribution of sphere sizes, N(r),

Jan 1, 1957

By L. López

Argentina reported about 40,000 tonnes of uranium (tU) as reasonably assured resources and inferred resources for the production cost category <130 US$/kgU in the OECD-NEA/IAEA classification scheme. These resources belong to the following projects: Sierra Pintada, Cerro Solo, Don Otto, Laguna Colorada, Laguna Salada, Meseta Central and Amarillo Grande. With three heavy water reactors in operation and an approximate installed capacity of 1.7 GWe, the current natural uranium requirements are about 220–250 tU per year. Based on various nuclear growth scenarios, it is estimated that by 2030 there will be a generation capacity of some 3,092 GWe for the reference case, with raw material needs of some 486 tU per year. Currently, there are no perspectives for local uranium production in the short term, and it is thought that uranium projects with identified resources must complete resource delineation and advance in technical pre-feasibility studies for the recovery of uranium. It is expected that Argentina continue meeting the uranium demand with imports in the next following years. In the Latin America region, both Brazil and Paraguay could be considered as potential uranium suppliers. In conclusion, despite the apparent growth prospects for the use of nuclear energy to generate electricity in Argentina, there are no immediate prospects for the provision of uranium oxide concentrates from domestic deposits for fuel fabrication. This has implications for supply and energy security.

Jan 1, 2020

By A. E. Koski

Two of the largest industries in northern Michigan, pulp and paper manufacturing and iron mining, formed a mutually beneficial partnership and collaborative research program to utilize paper mill residuals for waste rock stockpile reclamation. Historically, the majority of the paper industry’s residuals have been disposed of in landfills. The beneficial use of paper mill residuals for mine reclamation provides an environmentally sound recycling solution for the solids generated at northern Michigan paper mills and eliminates the need to strip additional overburden (glacial till) for final mine reclamation. Residuals offer a cost-effective source of organics and nutrients necessary for successful reclamation and waste rock stockpiles offer an economical and environmentally sound solution for disposal of residuals. The goal is to successfully pioneer technical development of paper mill residuals to accomplish vegetation of steep waste rock stockpile slopes and benches to establish a self-sustaining plant community that meets final reclamation requirements. Of the various types of iron mining wastes, rock stockpiles pose the greatest reclamation challenge. Success depends on incorporating sufficient organic matter into the rock stockpiles to produce a growth medium that can sustain vegetation without the need of overburden. This is an ongoing research program that is evolutionary in nature with numerous field trials, greenhouse studies, data collection and monitoring over multiple growing seasons. The program is a combination of innovative ideas and accepted reclamation practices that is proving to be a beneficial and economic approach to paper mill residual management and mine reclamation that will eventually lead from research to standardized reclamation procedures.

Jan 1, 2006

By F. M. Vokes, P. M. Ihlen

Paper presented at Mineralisation in the Caledonides, the Mike Gallagher memorial meeting held in Edinburgh, 27-28 June 1996. Ore deposition was related to three major stages: continental rifting and separation (Vendian-Late Cambrian), convergence (Late Cambrian-Early Silurian) and collision (Early Silurian-Devonian). The first stage included deposition of volcanogenic massive sulphide Zn-Cu and stratabound or stratiform Fe and Zn-Pb(-Cu) on continental margins, as well as less economic Nb and Fe in carbonatites, U, Mo, Ni and V in Alum Shales and orthomagmatic Cr, Fe-Ti and Ni(-Cu). The numerous volcanogenic massive sulphides formed during convergence included Early Ordovician Cu-Zn, mature-arc Cu, Zn, Pb and Fe-oxide deposits, Besshi-type deposits dominated by Cu or Zn in gabbro-intruded sediments and minor Cu-Ni(-PGE), Cu-Mo and skarn deposits. The collisional stage is represented by epigenetic deposits including sandstone Pb deposits (Pb, Zn, Ba, F and Cu) and minor vein deposits with variable Au, Ag, Pb, Cu, Zn, Fe, As, Sb, W and Mo

Jun 19, 1905

By S. Henley

Paper presented at a meeting on: Artificial intelligence in the minerals sector, held in Nottingham, UK, 20 April 1993 (original title: The database: a pre-requisite for large-scale use of AI in mining). Artificial intelligence is a term which has been widely applied to different techniques including rule-based systems using inductive and deductive logic algorithms, neural networks, learning systems and genetic algorithms. In principle it should be applied to adaptive statistical techniques. Some of these applications have been coded in languages which are specifically suited to the novel requirements of AI but are not easy to integrate with more traditional computing methods. Efforts have been made to bridge the gaps, particularly with database management systems and such efforts at integration should provide the key to future success in the application of AI. A field which has been termed "knowledge engineering" cannot be credible as such if it fails to provide easy access to raw materials of "knowledge" i.e. the data residing in databases. In the mining industry there are a number of significant areas in which AI could usefully be applied throughout the industry, but its advance is slow because of the lack or inefficiency of such database links. Current development of object-oriented database systems for geology and mining holds out hope for such integration in the foreseeable future

Apr 1, 1994

By K G. Harding, A Osman, A du Toit, F K. Crundwell, C M. Sheridan

"Most mineral processing plants have high water requirements for their operational activities. These plants often function in an environment where water is becoming increasingly scarce. An increase in population will result in an increased demand for water; potentially beyond the limits of supply and hence increased competition for the resource. In South Africa, Gauteng and the North West Province are likely to be first to experience a shortage of potable water.In order to avoid a water crisis, efforts must be made to ensure the effective management of water resources and the minimisation of wastage. Hydrometallurgical plants have a responsibility to society and the environment to operate in a sustainable manner - reducing their water requirements will certainly assist towards developing a sustainable footprint.This project improved site water management by: surveying the potable water and storm water systems with a view to assessing the current water accountability and determining methods to improve accountability determining the monthly and yearly water balance for the site and presenting it in the form of a water balance sheet drawing up an input-output and operational model in accordance with the Minerals Council of AustraliaÆs æWater Accounting Framework for the Minerals IndustryÆ calculating the water footprints of the refinery identifying ways in which water savings could be achieved recommending management systems for water usage monitoring.This work was conducted in South Africa. The value of this work lies in that it established the current baseline and assisted in developing management systems that can reduce water usage sustainably.CITATION:Osman, A, Crundwell, F K, Harding, K G, Sheridan, C M and du Toit, A, 2013. Water accountability and efficiency at a base metals refinery, in Proceedings Water in Mining 2013, pp 277-286 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Nov 26, 2013