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By J. R. Parry

Over the past several years, computerized financial models have been an important part of Newmont's strategic planning process. Two applications will be discussed in this paper: a general purpose financial model of Newmont, and a detailed operational/financial model of Magma Copper Company. Newmont?s general purpose financial model was developed using Lotus 1-2-3. It was designed to aid management in assessing the financial consequences of investment and financing decisions associated with long-term strategic planning by simulating the consolidated effect from individual transactions. Not only is the model capable of assessing the sensitivity of specific decisions to changes in the external economic environment (i. e., commodity prices, interest rates, inflation and exchange rates), it can also evaluate the effect from operating and financial decisions, including changing production levels and cost structures at individual operating units as well as simulating several types of transactions, including equity and debt issues, acquisitions and divestitures. The analysis of Magma Copper Company required the development of a detailed operating and financial model of the Company. The model was developed using IFPS in the corporation?s UNISYS (then Burroughs) B7900 mainframe computer and included separate pro forma financial statements for each of San Manuel-Pinto Valley's mines and concentrators, as well as Magma's smelting and refining operations. The outcome of this analysis was the decision to merge Magma Copper and Pinto Valley Copper Corporation, and to recapitalize the new corporation in order to provide funds for a retrofit and expansion of its Arizona smelter and expansions of its refinery and SXEW facilities.

Jan 1, 1989

By Justin Cardwell, Alyson Cartwright

"Grade estimation is the cornerstone of longrange mine planning. Pit designs, metal recovery, mining costs, reserves calculations and reporting are all dependent upon a reliable grade model. If the geology is poorly understood or the interpolation methods and parameters have been haphazardly constructed, then massive financial losses will be the inevitable outcome. Therefore, a properly trained geologist must use all of the appropriate tools available including deposit knowledge and advances in modeling technology to construct the most geostatistically and practically sound long-range block model.Certain deposits, such as the sedimenthosted deposits at Tenke-Fungurume, require an interpolation method that best suits the style of mineralization. In 2014, Hexagon Mining developed a tool in MineSight called dynamic unfolding (MSDU) that has the potential to improve upon previous Euclidean-based interpolation methods. MSDU utilizes the nonstationarity of a folded grade trend to more accurately construct variograms and improve interpolation results based upon a modeled three-dimensional surface.Geology overview. The sediment-hosted Tenke-Fungurume mining district is located in the southeastern part of the Democratic Republic of the Congo (Fig. 1). The rocks within the district are primarily dolomites and shales from the lower half of the Roan Supergroup that were mineralized by ascending pregnant copper and cobalt rich brines within a massive sedimentary basin (Cailteux et al., 2005) (Fig. 2). These oxidized brines likely found a fluid channel in the porous RSC unit. The surrounding rock units provided a redox boundary for copper and cobalt precipitation along organic rich beds, forming a massive stratabound deposit that was later broken up by several subsequent tectonic events (Dewaele et al., 2006)."

Jan 1, 2015

By C. Moreland

Fluidized low-temperature carbonization of coal, a recent development, offers a possibility of reducing fuel costs of coal-burning electric ?generating plants. The Research Council of Alberta have built a pilot plant and are conducting a programme to -develop a carbomzation plant for Alberta sub-bituminous coals which will produce char suitable for use as a .boiler fuel, and tar of a potentially high value as a ?chemical raw material. The economies of the process as a whole, and the value of the tar, have yet to be assessed.

Jan 1, 1958

By George F. Kunz

THE recently discovered occurrence of diamonds near Murfreesboro, Pike county, Ark., was brought to. our attention by Mr. Samuel W. Reyburn (Trustee for Messrs. C. S. Stifft, A. D. Cohn, August Zinsser, Jr., and himself, owners of the property), through whose courtesy we investigated the locality of the deposit. Prospecting with the diamond-drill is now in active progress ; but mining operations on a large scale have not yet been ordered. Geology.-The geology as well as the petrography of this interesting locality has been well described by Messrs. J. C. Branner and R. N. Brackett.1 Briefly summarized, the igneous rock in which the diamonds are found is a vitreous peridotite, forming a stock or volcanic neck, which has broken up through the Carboniferous and Cretaceous quartzites and sandstones. After an extensive period of erosion, during which an unknown portion of the neck and presumably a previously existent volcanic cone have been removed, the surface was covered with thin beds of Post-Tertiary conglomerate. The volcanic intrusion was accompanied by the formation of several small dikes of a rock much like that of the main body. One of these dikes cuts across the stock, while another cuts the Cretaceous sandstone, but is overlain by the conglomerate, thus giving a datum for the period of intrusion. So far as known, there was little, if any, metamorphism of the country-rock by the igneous magna, which probably followed an approximately vertical course, so that a more or less vertical extension downward of the igneous body to indefinite depths may be expected.

Mar 1, 1908

By L. Sandbak

The TRJV Mine is located approximately 43 miles northeast of Winnemucca, along the east flank of the Osgood Mountains in the Potosi Mining District, Humboldt County, Northwest Nevada (see Figure 1). The Turquoise Ridge Mine is an underground mine, and is a 25% joint venture partner with Newmont Mining. The TRJV mine utilizes the underhand cut-and-fill mining method due to the relatively low rock quality in the ore zones and the relatively shallow dipping 25-45 degree ore body geometries. This paper defines a rehabilitation risk rating system (RRRS) for prioritizing rehabilitation of drifts damaged in the mining processes including long term development drifts providing access to the mining areas. The ultimate use is as a mine planning tool for the organized scheduling of rehab in a timely manner. A few case studies of the most needy rehab areas identified by the RRRS mapping system is presented, and the type of rehab completed design for these areas. Suggestions on improving the rehab risk mapping system include the use of support history and rock mass strength rating factors.

Feb 23, 2014

By Dan Ifrim

Soft ground tunneling poses major challenges to the underground industry. Most of soft ground tunnels are in highly urbanized areas, often include limited cover, and include a strong trend of increasing diameters. Therefore, soft ground tunneling works can sometimes cause inevitable ground movements and settlements that may lead to damages to adjacent buildings, roads, structures or utilities; many of these being “lifeline” infrastructure assets. Tunneling operations, Tunnel Boring Machine (TBM) advance rates, and face pressure control can significantly increase or decrease such risks, depending on how well the TBM and operational parameters are applied to the ground conditions. Additionally, the risks of impacting existing infrastructure are heightened in many parts of North America because of cobbles and boulders. To date there is no standardized guideline that determines appropriate tunneling rates nor operator’s guidelines, to ensure safe tunnelling in soft ground. The paper analyzes tunneling records from completed soft ground tunnels to determine a relation between ground conditions, tunnel cover, TBM cutters maintenance and TBM advance rates. The records are discussed to draw several mitigation measures to be adopted during tunnelling, to reduce risks of settlements, over excavation or sinkholes.

Jun 13, 2021

By Ursula M. Franklin

Old iron nails are one of the most common objects which entice the general public to ask questions about the history of metallurgy. There is a lot of history in old nails - history of the manufacturing industry, and social and economic history. Nails, therefore, are fine teaching tools; whether students have to acquire metallurgical skills or explore the structure and properties of wrought iron, whether they want to look into the history of inventions and the development of machinery, studying nails tells a story better than any teacher or any book. I have used this approach often and the following note is based on several student projects, particularly the work of Carmina Herrero and Vicky Marchant. Nails, those essential metallic fasteners, have long been with us. Their size, shape and design is basically a compromise between the makers' ability to control and manipulate material and the demands of the intended application. There were copper and bronze nails in antiquity, but in this paper I want to deal only with iron nails. In Rome, iron nails were common, and Cleere carried out the fine metallographic investigations on a large stock of nails recovered from a Roman fort site in Scotland. Those nails were hand forged; sorting them at the site on the basis of length, shape of head and shape of shank (in cross section) indicated that there seemed to have been some nail standardization. It appears that the Roman smiths used a series of heading dies starting with a 1/s-in. size. Each successive size increased by approximately 1/16-in. The metallographic inspection of the microstructures of the nails showed that the smaller nails were made in the one operation; i.e. both the tapering and the formation were accomplished on the heated rod without reheating. However, in the case of the larger nails, the nail had to be reheated for the tapering after the head had been forged. Most nails were tapered on all four sides of the shank and the shanks were square in cross section; only one group had rounded shanks. Most heads were flat disks, but in one group the heads were pyramids and another group had conic heads. Figure 1 shows the procedure used to produce the pyramidal heads. Obviously, Roman nail making was sophisticated and each nail design was meant for a particular use.

Jan 1, 1999

By R. E. Gilmore

Introduction The Sydney coal-field extends for a distance of thirty miles along the northeastern coast of Cape Breton island. At a central focal point at the tip of the south arm of Sydney harbour, seven miles or so in from the Atlantic ocean, is the city of Sydney, with Port Morien to the southeast and Sydney Mines to the north . Mining centres along the ocean coast between these points include Birchgrove, Reserve, Glace Bay, and Waterford. The field is divided into three districts or 'basins', namely, Morien basin to the south, Glace Bay in the centre, and the Lingan-Sydney Mines basin to the northeast. The eastern and western portions of the latter are known as the Lingan and the Sydney Mines basins, respectively. Six distinct coal seams are described as existing in the Morien basin, nine in the Glace Bay basin, and six in both the Lingan and the Sydney Mines basin. Although known by different names in the several basins, a definite continuity of the seams has been established.

Jan 1, 1933

By Eugene A. Lang

Mr. Chairman, ladies and gentlemen. As a member of the uranium and coal producing community, I am pleased to participate in a session dedicated to a look at these and other mineral markets.(title slide) before sharing some of my thoughts with you, let me tell you a little bit about rocky mountain energy company. It was established as a subsidiary of union pacific corporation in 1971 with responsibility for coal, uranium, and industrial minerals. We participate in four coal mining operations and a uranium mine and mill all in Wyoming, and an aggregate and an abrasive operation in Utah.

Jan 1, 1984

By F. Calizaya

A booster fan is an underground fan installed in series with a main surface fan and used to boost the air pressure of the ventilation air passing through it. To accomplish this objective, the fan is installed in a permanent stopping and equipped with airlock doors, a monitoring system, and interlocking devices between main and booster fan controls. The stopping and doors are used to prevent flow recirculation, and the monitors to ensure safe operation of the fan. A booster fan, properly sized and sited, can be used to create safe work conditions and allow the extraction of minerals from areas that would otherwise be uneconomic to mine. In deep and large mines with heavy emissions of air contaminants, the required quantities of air can only be supplied by using high pressure fans. These fans will inevitably induce significant losses of fresh airflow through the stoppings and doors. For well defined ventilation circuits, booster fans can be used to decrease the main fan pressures and reduce the leakage flows. However, this will require a good understanding of the correct ventilation practice, from planning to operation and maintenance of booster fans. The objective of this study is to investigate the conditions under which booster fans can be used safely and efficiently in underground coal mines. Specifically, the study is directed at (1) collecting reliable information on airway resistances and flow requirements from two large U.S coal mines, (2) collecting fan performance data from one or more existing coal mine where booster fans are used regularly, (3) monitoring the performance of booster fans in a laboratory model and an experimental mine, (4) developing a booster fan selection method to assist the ventilation engineer at the planning stage, and (5) training six M.S. or Ph.D. graduate students in advanced mine ventilation.

Jan 1, 2010

By AIME AIME

TWENTY-TWO sections and all four of the divisions sent delegates to the annual meeting. They became so interested in the wide ranging dis6ussion of old and yet ever-new problems of Institute affairs that three instead of two sessions scheduled were necessary. Monday morning the meeting assembled with President Bassett presiding in the absence of President-elect Tally, who had been called to Baltimore by the serious illness of a brother. Thursday morning Vice-president Turner presided until Mr. Tally appeared after which the latter guided the sessions. Since reports from all of the active sections save one had been mimeographed and sent in advance to the delegates, detailed reports from each were dispensed with. The discussions dealt largely with membership problems, both local and national, with financing, speakers and programs, visits from national officers, and the conduct of the annual meeting. Many interesting and constructive suggestions were made and will be reported back to the sections by the delegates.

Jan 1, 1931

By Chao Li, Shuai Wang, Hongxu Li, Lifeng Zhang, Xie Yang

The method of chloride-hypochlorite leaching has the advantages of short process, low pollution and higher in reaction rate compared with the traditional leaching method. In this research, NaCl - NaClO solution is used to leaching gold from a refractory gold concentrate, and the influence of NaCl and NaClO concentration, reaction time to the leaching rate were investigated in this experiment. The raw materials and the leaching residue were characterized by a series of analysis methods such as XRD, XRF, SEM and EDS. Results indicate that the leaching rate and the desulfurization rate can be achieved at 96.26% and 98% with most optimum conditions as follows: NaCl concentration 50g/L, NaClO concentration 200g/L, Liquid-solid ratio 10:1, the best reaction time was 150 mins. And these conditions should be guaranteed pH<8.0, ORP>900mV.

Jan 1, 2015

By J. Scrimgeour

"The word ""instrumentation"" has expanded from its original meaning, which in engineering perhaps referred to measuring apparatus alone. In its broadest form, it now includes sensors, display instrumentation, standard pack-aged controllers and, most recently, the use of stored program computers for on-line process control. The paper traces the evolution, in tutorial form, of the successive application of mechanization, measurement instrumentation, automatic control, central operating systems, programmed control, process computer control, direct digital control and, finally, hierarchies of computers used for process control and corporate management as a fully integrated business system. In the field of industrial minerals, the cement industry has seen the most widespread acceptance of these techniques. Computer control has been accepted as the way of life for the blending of chemical materials and for on-line control of the cement kiln. Accordingly, the cement application is selected for further presentation in the paper. This illustrates the trend progressing from control of single loops on process variables toward the objective of total control of the product quality. The economic justification for instrumentation, centralized control, automatic control and computer control is .discussed with reference to savings in fuel, maintenance, operating labour, depreciation, power and product quality improvements."

Jan 1, 1967

By Xin Wang, He Shao, Wenpu Li, Yiyi Zheng, Xi Chen, Yurong Gao

This study utilized experimental and numerical simulation methods to investigate and analyze the atomization characteristics of three internal air–water mixed atomizers under different operating conditions. By comparing the research results, the effective dust control working parameters for the application of the selected atomizer in the engineering field were determined. Firstly, the atomization characteristics of the three atomizers were studied using a customized experimental system. The results indicated that nozzle 2 had a wide atomization range, a small atomization distance, and small droplet size; nozzle 3 had a narrow atomization range, large droplet size, and fast atomization speed; and nozzle 1 not only had a large atomization range but also could produce droplets of dry mist size with fast atomization speed, meeting the dust reduction requirements of the Majiliang Coal Preparation Plant. Secondly, Fluent software was used to simulate the atomization process and particle size distribution of the three internal mixed atomizers, determining the working conditions of the atomizers, the required number of atomizers, and the application angle of the atomizers in the internal mixed dust removal system. Finally, the atomized dust control system was applied on-site, achieving a total dust removal efficiency of 90.72% and a respirable dust removal efficiency of 89.75%.

Mar 9, 2024

By John H. Soule

"Although known since 1902, the Capitan iron deposits have not been mined, mainly because of the low grade of the ore. Only a small amount of exploratory work has been done since the discovery. C. H. Johnson, district engineer of the Bureau of Mines in New Mexico in 1942-45, visited the property; as a result, preliminary sampling of the property was done in 1943.3/ Owing to the results of this preliminary work, an extensive development program by wagon drilling was planned and executed early in 1944.4/ Equipment available at that time was limited in the depths that could be reached; and, as geologic studies indicated the possibility that other limestone beds below the surface might have been replaced by iron minerals, a supplementary development program by churn drilling to reach greater depths was prosecuted in late 1947 and early 1948, with the author as project engineer.The following sections note the location and accessibility of the deposits and mention the physical features, climate, labor and living conditions. Property and ownership are outlined, the history and production of the property stated briefly, and the ore deposits are described. The work done by the Bureau of Mines is explained and supported with maps, sections, and assay logs.From March 1, 1944, to June 1, 1944, 179 wagon-drill holes totaling 3,490 feet and 4 test pits totaling 75 feet were completed, and from November 1947 to February 1948 seven churn-drill holes totaling 2,488 feet were drilled and sampled. Metallurgical tests are summarized and referenced.With respect to this report, special acknowledgment is due to J. H. Hedges, chief, Tuscon, Ariz., Branch, Mining Division, and to W. R. Storms, engineer in-charge of the Silver City, N. Mex., field office. Acknowledgment also is due to J. Bruce Clemmer, chief, Tuscon Branch, Metallurgical Division, for analyses done in the last phase of this project, and to Dr. Vincent Kelley of the Federal Geological Survey for his cooperation during this work.The Capitan iron deposits are in secs. 10, 11, 13, 14, and 15, T. 8 S., R. 14 E., central Lincoln County, N. Mex., as shown on figures 1 and 2. The only known large deposit upon which the Bureau did development work lies around the common corner of secs. 10, 11, 14, and 15, as shown in figures 2 and 3, and just southwest of and in the foothills of the Capitan Mountains. This range of mountains trends east and west. The elevation of the highest peak is 10,205 feet.The deposits are reached by traveling on State Highway 48 from Capitan north for 4 miles, to a point just inside the Lincoln National Forest fence and thence due east over a poor dirt road for 1.2 miles. Just over a small wooden bridge, the left-fork is taken, and the poor road is followed to the deposits, a further distance of 1.1 miles (see fig. 1). This road follows the fence to and through the Davis ranch. All the roads from Capitan to the deposits are dirt roads but are impassable only for short periods during and after heavy rain or snow."

Aug 1, 1949

By M McCarthy

Over the last six years Mandalay Resources has increased production rates and improved safety outcomes at its Costerfield mine in Victoria, Australia. This mine is an underground operation utilising narrow mining techniques to extract vertical veins, and produces up to 80&#160;000 equivalent ounces of gold per annum, in both gold and antimony value.The operational challenges of narrow vein mining include controlling overbreak when veins being mined are only 300 mm wide. The mine has developed methods and modified equipment to suit extraction of these veins. Productivity improvements over the period have involved development of a stoping method and equipment to suit 1.8 m wide development drives. Over the last five years and during a skills shortage, recruitment, training and retention of personnel has been key to keeping corporate knowledge and skills to execute a careful efficient mining technique to minimise overbreak.Managing an underground operation close to nearby residents has unique challenges. Historically Victorian residents had family members work as underground miners; however, in the current day with few underground operations in this jurisdiction, community knowledge of mining has decreased. The Costerfield Operations are only 100&#160;m from the nearest residence and the company values community engagement, partnership and investment with local Heathcote organisations.The mine has invested substantially in executive coaching of its leadership team early, which has paid dividends in problem solving potential of that team and ensuring the operation delivers on its promises to all stakeholders. The operation has become safer and employees are now more aware of their individual contribution in producing safe, efficient gold and antimony that benefit the whole operation, community and the region.CITATION:McCarthy, M, 2016. Costerfield – a narrow vein case study, in Proceedings International Mine Management Conference, pp 331-338 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

By Yousef Ghorbani, Abolfazl Danesh, Fatemeh Kazemi, Ataallah Bahrami, Morteza Abdollahi

The abstract highlights the impact of flocculants used in the middle thickener of a copper-molybdenum plant on both process water quality and molybdenite floatability. The study investigates the effect of a starch-based flocculant (wheat starch) on the efficiency of the middle thickener and molybdenite flotation. The findings indicate that the presence of starch influences the settling behavior of particles with different shapes, and the dosage of starch affects both molybdenum recovery and the presence of copper minerals in the molybdenum concentrate.

Mar 7, 2022

By Staff

Assembling consistent data for a 40-year time series is a challenge because of the many changes that have occurred in this period. In many cases, because of process improvements and consumer requirements, grades of materials change in a 40-year span. This can lead to a wide fluctuation in price data simply because of increased costs for premium grades. Sources for obtaining price data can also change during a 40-year period. Changing the data source also introduces anomalies in a time series. In some cases, published price data are not representative of the real value of the material and provide little basis for further analysis. For some industrial mineral commodities, there are only a few producers, and value and production data are considered proprietary. In the data presented in this chapter, every attempt was made to ensure that the data were as consistent and representative of the industry as possible. However, the factors mentioned above may have introduced inconsistencies in some of the data series. Many different factors influence trends for industrial minerals because of the diversity of end uses for these commodities. Trends in production and prices for most of the industrial minerals can be related to one or more of the following: changing demand or technologies in end-use industries, development of new end uses, the effect of environmental regulations, production and processing technology changes, energy costs, foreign competition and substitution by other materials, and production as a byproduct of other minerals. World economic conditions, such as recessions and inflation rates, also play a part in some production and price trends. Data for 40 years of production for industrial minerals in the United States are presented in [Table 1] in 10-year increments. Unit values for the industrial minerals, in actual and constant 1990 dollars, are shown in [Tables 2 and 3].

Jan 1, 1994

By S S. Kahlon

India is a large and growth market for explosives and accessories, which has dramatically changed from complete import dependence to self sufficiency, and now has an exportable surplus. The largest single user is coal mining which is continuing to show a healthy growth with opencast mining becoming increasingly dominant. The explosives industry has kept pace with mining and today all the well renowned explosives technologies of the world are available in the country. While slurry explosives are popular in large diameter, NG based explosives continue to be preferrred in small diameter usage. Emulsion explosives have had a good market response. ANFO usage is limited due to local reasons. As the mine size is increasing, the demand for bulk-on-site explosives is growing. Prices of explosives and accessories are cheap compared to international levels. The user industry is mainly Government owned mines whose profitability is not satisfactory. Explosives industry is over licensed in terms of manufacturing capacity, which is likely to put pressure on the viability of some of the explosives manufacturing units. Scope exists for optimization of blasting parameters through the use of computerized blasting models. The explosives industry is faced with new challenges and opportunities.

Jan 1, 1987

This report presents overview of the authors&apos; results of thermodynamical investigation of some important metallurgical processes and phenomena. Among them: carbo thermal reduction of silica, and boron oxide, silicon carbide obtaining from different precursors, investigations on copper and manganese ores processing, investigations on pollution from different sources. Special attention is paid-to thermodynamical approach to investigation and estimation of multi component multi element compositions stability, developed by the authors. Also are discussed some auxiliary but&apos; important for the thermodynamical investigations issues.

Jan 1, 1997