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By G. Davis

Mineral properties and mineral firms often trade at a market value that is significantly greater than the value indicated by discounted cash flow (DCF) techniques. A possible explanation is that DCF analysis does not consider the value derived from managerial flexibility. Presumably, then, at least some of the difference between DCF value and market value is due to managerial flexibility. This paper surveys the recent attempts to empirically quantify the value of managerial flexibility using option pricing theory. The results indicate that managerial flexibility, at least as measured by the option pricing methodology, falls well short of explaining the gap between DCF value and market value.

Jan 1, 1995

By Fouad Faraj, Julian M. Ortiz

Within the natural resource industries, there is an increasing amount of data and number of variables being recorded when sampling a site. This has made multivariate geospatial datasets more difficult to analyze, in particular the definition of estimation or simulation domains used in geostatistical analysis. Establishing these domains is typically the first step for any subsequent geostatistical workflows or modeling. Domains are traditionally established using categorical data such as lithology, mineralization, or alteration from geological logging and are aimed at identifying distinct populations with particular geological, spatial, and statistical features. The manual logging process is time-consuming and costly but is required because defining geologically homogenous volumes is crucial for the planning, extraction, and processing of natural resources. Classical clustering methods have aided in analyzing the multivariate datasets, but the resulting clusters from these methods do not correlate well with geological logging and do not allow practitioners to input their knowledge of the domain in the clustering process. In this work, a simple unsupervised classification workflow is presented which allows the practitioner to input domain knowledge by selecting relevant variables to cluster reasonable geological domains. This can be used as a tool to aid the manual logging procedure or as a tool to establish domains for different uses such as defining zones with different rock hardness distributions which allows the corresponding volumes to be sent to appropriate mills for efficient mineral processing. The performance of the workflow is assessed on a mining dataset using the geochemical information and validated with the geological logging.

Apr 16, 2021

By G. J. Joy, J. P. Rider

Technical advances in longwall mining over the last several years have resulted in much larger and faster shearers that have the capability of mining at speeds over 30 m/min (100 fpm). This has resulted in a substantial increase in the amount of dust that is generated at the shearer and during shield advances. Meanwhile, increased underground coal production has put a greater demand on longwall dust control systems as some operators have had difficulty maintaining consistent compliance with federal dust standards. To address this need, the U.S. National Institute for Occupational Safety and Health (NIOSH) is investigating the effectiveness of a water spray manifold mounted on the tailgate end of the shearer body. The sprays are oriented parallel to the tailgate ranging arm, and these sprays create a water curtain confining the dust plume near the face, preventing the dust from drifting into the walkway. This redirection of dust provides a clean air envelope for the tailgate shearer operator and jacksetters working near the tailgate drum. Three different tailgate spray manifold designs were tested and evaluated at the Office of Mine Safety and Health Research (OMSHR) Pittsburgh Longwall Test Facility. Manifolds were equipped with hollow cone or flat fan water spray nozzles and evaluated at three face air velocities — 152, 213 and 274 m/min (500, 700 and 900 fpm)— and at water pressures of 689, 1,034 and 1,379 kPa (100, 150 and 200 psi). Reductions in dust concentrations were observed at six face sampling locations for all the tailgate manifold systems at each of the tested spray pressures and face velocities. Average reduction efficiencies of at least 90 percent were seen at the three sampling locations closest to the shearer for all three manifold systems at nozzle spray pressures greater than 689 kPa (100 psi). Based on results from the laboratory tests showing reductions in dust concentrations at sampling locations downwind of the shearer, a spray manifold was fabricated and evaluated at an underground operation.

Jan 1, 2016

By Alvin W. Schillinger

Drilling was not entirely satisfactory in the search for native copper in the Osceola amygdaloid footwall as mining showed oreshoots to be more continuous than drilling indicated. The Geophysics Department of Michigan Technological University developed a portable induced polarization drill hole probe with a 3 electrode configuration and a sampling radius of 5'± A 20 ma current of alternately reversed polarity is pulsed at 3.5 sec. intervals and readings are taken every two feet. Potential is read during the "on" cycle for resistivity determinations. During the "off" cycle, after 10 ms delay, the I.P. potential is sampled for 10 ms and recorded. Resistivity (ohm-feet) and "S" values (mv/v) are plotted on semi-log paper. A lithologic log is plotted based on resistivity and anomalous "S" values noted. The low resistivity amygdaloid contains sills of high resistivity basaltic trap. Verified by core logs, amygdaloid-trap contacts could be picked to ±.5' from resistivity alone. Lithologic logs of long steel holes, based' on resistivity, now replaced sludge logging. An "S" value of 30 mv/v was established as the lower limit of diagnostic I.P. effects in mineralized amygdaloid and 50 mv/v as a threshold value for ore. Of 914 footwall zones drilled, 315 were probed yielding 203 anomalies. Success increased from 34% for drilling to 72% for drilling and probing. As checked by mining, 46 probe results were 78% correct. Failures were due to the instrument not detecting copper or to the misinterpretation of an anomaly. No false anomalies were found.

Jan 1, 1964

By Daniel A. Wasson

A review of the history of boosters is given with examples of the prominent types that have been made commercially. The performance and design features of protected core boosters are discussed in detail. A new gel booster is discussed with its advantages to the mining industry. Booster size, hole configuration, performance and safety aspects are reviewed. Important features of boostering in above ground and underground blasting are related to an economic analysis. This presentation will cover different types of boosters commonly used in mining. However, for the purpose of this paper a few terms need to be defined to clarify the action of different parts of a priming system. Booster* - "Any unit of explosive or blasting agent to be used in a charged hole for the purpose of perpetuating or intensifying the initial detonation". Primer* - "A unit, package or cartridge' of explosives containing a detonator or detonating cord which is used to transmit detonation to other explosives or blasting agents". Detonator - A device for initiating a detonation from a flame or a small electric current, the former being represented by a fuse cap and the latter an electric blasting cap.

Jan 1, 1981

By B. C. Lewis

The mining industry has experienced a general trend toward an increasing number of longwall operations, an increasing percentage of underground coal being mined by longwalls, and increasing productivity from the longwalls. Longwall operators have not yet reached a state of mining euphoria. Competitiveness both within the industry and from alternate fuel sources is forcing continued pursuit of higher productivities and lower costs. The following graphics present trends in the industry. Longwall mines, as defined for this presentation, are those reportedly having longwall installations in each of the respective years. Production from both the continuous miner and longwall units is included in the longwall mines. Non-Longwall mines are all other underground mines. Productivity calculations are based on total employee-hours associated with the operation.

Jan 1, 1990

By J. H. White

It is hypothesized that the Hotelling Valuation Principle (HVP) can determine the value of developed gold reserves using simple methods and easily obtained data. This paper reports the results of an empirical test of this hypothesis. Using publicly available data from North American gold companies, we obtained data for V, R, p, and c and ran a simple linear regression using equation (1.1) as the definition of the dependent and explanatory variables. By examining the value of the coefficients of the resulting regression equation, we can draw conclusion as to whether or not the HVP can be confident1y used as an estimator of the value of developed gold reserves.

Jan 1, 1995

By James R. Miller

This paper will describe the balling disc operation of the Marcona Mining Company at San Nicolas, Peru, with special reference to green ball quality. The report covers experience during the period of September and October 1965 and will be, more a state-of-the-art at Marcona report rather than -a technical treatise.

Jan 1, 1966

By R. Hogg

Based on a simplified model for the motion of particulate materials in horizontal, rotating cylinders, approximate expressions have been derived relating the power consumption of a tumbling mill to its dimensions and speed of rotation and to the amount and nature of the charge. The basic assumptions underlying the model are that there is no slip between the charge and the mill shell, that the free surface of the charge remains essentially planar during rotation and that there is no transfer of momentum from the material flowing down the free surface back to the mill shell. The relationships formulated from this model have been shown to be in excellent agreement with experimental results taken from the literature. While the requirements of the model are most closer met at low speeds of rotation, the results appear to be valid even for speeds up to 70-80 percent of the critical speed. Poorer agreement between theory and experiment is found when the charge consists of relatively large particles (balls) and when the filling of the mill exceeds 50 percent of the available volume. Qualitative explanations of these deviations have been offered.

Jan 1, 1971

By F. S. Knoll

Magnetic separation employing superconducting technology is now accepted within the Kaolin processing industry, proving the value of this technology and its ability to operate reliably even at the most remote site. Developments in superconducting magnet engineering, including cryogen free operation, combined with experience in mineral processing enables new forms of Wet and Dry superconducting magnetic separation to be developed. Applying the high magnetic force advantages at 5 T else available from such magnets to other materials is now a reality. High magnetic force mineral separating system developments are reviewed allowing the mineral processor to take advantage of a technology that is no longer confined to the laboratory.

Jan 1, 1997

By Andrew Trusiak

Brunswick Mining, employing approximately 1600 employees, is located 40 km south of the city of Bathurst in north eastern New Brunswick. The mine has operated as two lead-zinc operations - the underground mine(No.12) and the open pit mine (No.6). The open pit orebody is presently being' mined by underground methods. It is expected that the No.12 mine will furnish the entire ore supply by the end of 1981. The flotation practice prior to 1971 has been described by Neumann and Schnarr(1) and by Erskine (2). More recently, the current flotation practice has been described by McTavish(3) and deals with some major circuit modifications between 1972 and 1978. The period 1978 to 1980 has seen the completion of. a major flotation cell replacement and expansion program for the No.6 concentrator, and the implementation of computer control in the No. 12 CuPb and Zn flotation circuits.

Jan 1, 1981

By Fatima-Zahra Houmymid, Elena Chiriotti, Mahdi, Samy

"The Greater Paris projects involves the creation of a 200km extension of the actual public transport network on the close outskirt of Paris. In 2011, SYSTRA has been awarded the Engineering studies of a 20km underground section in the densely urbanized southeast quarter of the Parisian suburb. In order to both guide the TBM technology choice and identify and mitigate the risk due to soil settlement during tunnel boring, several analysis have been carried out and integrated into a Geographical Information System to share and manage this risk during the successive design phases of the project. The geological context‘s complexity and the Owner‘ requirements have led to the necessity of using an innovative analysis approach, leveraging both the numerical modelling analysis’s accuracy and the analytical method‘s ease of programming and implementation in a GIS, by the mean of the calibration of the analytical approach’ parameters on the FEM results.INTRODUCTIONThe Greater Paris Transport Project foresees the extension of the actual public transport network to the close outskirt of Paris through the extension lines 11 and 14, the creation of a circular new line around Paris - line 15 completed by lines 16 and 18 linking developing territories - and line 17 to Roissy-Charlesde- Gaulle airport.The SOCIETE DU GRAND PARIS (SGP) is the public institution that promotes this project and awards SYSTRA as Engineering for the 15th Line southeast section.Line 15th – South-East sectionIn 2011, the Owner SGP (SOCIÉTÉ DU GRAND PARIS) awarded to SYSTRA the preliminary and detailed design of a 20km-long underground section of Line 15, between the stations of Villejuif-Louis-Aragon and Noisy-Champs. The double-track, single-tube tunnel has an inner diameter of 8.5m (about 9.8m excavated diameter, 75m2 excavated cross-section). The tunnel is inserted in a densely urbanized context."

Jan 1, 2016

By C. Vass, A. Noble

"The chemical treatment of mine-influenced waters is a longstanding environmental challenge for many coal operators, particularly in Central Appalachia. Mining conditions in this region present several unique obstacles to meeting NPDES effluent limits. Outlets are often located in remote areas with challenging terrain where conditions do not facilitate the implementation of large-scale commercial treatment systems. Furthermore, maintenance of these systems is often laborious, expensive, and time consuming. Many large mining complexes discharge water from numerous outlets, while using environmental technicians to assess the water quality and treatment regime multiple times per day. As an alternative solution, this paper describes the ongoing research and development of automated chemical treatment systems for mine water discharges. The current work explains the development of a bench-scale prototype that has been used to evaluate various monitoring, notification, and control strategies. Results from this testing are compared to present day practices to show the costs and benefits of implementing an automated treatment and monitoring program. INTRODUCTION Background The National Pollution Discharge Elimination System (NPDES), per Section 402 of the Clean Water Act, requires permitting of all point source discharges from coal mines. This program dictates that all water leaving a permitted boundary, whether it be process water or storm water, must leave through a monitored NPDES outlet. These permitted NPDES discharge points, also denoted outlets, outfalls or monitoring points, must meet a rigorous set of effluent limits to maintain compliance. Common effluent limits monitored by coal companies include but are not limited to iron, manganese, aluminum, total suspended solids (TSS), and pH. Raw mine water is often deficient in meeting these effluent limits, and as a result, various treatment processes are required to bring the water into compliance prior to environmental release. Depending on the mining and geologic conditions, water monitoring and treatment programs can constitute a significant operating cost for the mine operator. In Appalachia, acid mine drainage (AMD) constitutes one of the most significant and widespread water quality challenges that must be treated per NPDES guidelines. AMD is a general lowering of water pH that occurs when water and sulfide minerals interact within oxidizing conditions in coal and metal mining. Acid Rock Drainage (ARD) is a similar term that applies more generally to non-mining causes such as highway construction and other large-scale excavations. Today, mine influenced waters (MIW) is becoming more popular as the general term referring to all types of mining-induced water issues. AMD has been researched substantially over the last 30 years, with investigators studying various causal mechanisms and treatment strategies (e.g. Gazea, 1996; Ziemkiewicz, 1998; Skousen, 2000; Kleinmann, 2001; Johnson, 2003; Akcil, 2006; Kalin, 2006). This research has produced several pragmatic results, which provide numerous methods to predict, prevent, and treat AMD."

Jan 1, 2016

By H. H. Hayden

The accident repeater-40 you have one at your mine? Unless your company is vastly different from most coal companies, you will find that a small percentage (11-12%) of your employees will have a large percentage (47-50%) of your accidents. When you find out that this is a fact, what do you do? First, you establish a set of guidelines that can be used in identifying the ?accident repeater?. Next, you determine the type of action necessary to improve work habits and safety performance of the accident repeater. With these two steps in mind, objectives are developed for an ?accident repeater? program.

Jan 1, 1984

By R. W. Lankston

Uranium mill tailings disposal facilities present unique problems with respect to siting, design, and long-term stability because their contents remain potentially hazardous for 100,000 years. Dawn Mining Company, operator of a uranium mill in Washington, undertook geological and geophysical studies relative to planned expansion of existing disposal facilities. Seismic refraction and reflection, resistivity, and ground magnetics data were integrated with limited drill data to determine the configuration of Quaternary sediments and the underlying basaltic and granitic bedrock. Analysis of multiple reflections and magnet modelling on a micro-computer with CRT graphics added detail to the interpretation.

Jan 1, 1980

By Y. C. Kim

This paper reviews the past 18 months of geostatistical work in a coal deposit performed jointly by the University of Arizona and the Homer City Owners. The objective of the study was to better predict the in-seam sulfur values of the deposit for the purpose of future emission control. Based on initially available 112 DDH information, variogram models were developed for Sulfur, Ash and Thickness for the entire deposit. The deposit was then kriged using 333 m x 333 m (1000 ft x 1000 ft) panel size. The estimation variance information obtainable from geostatistics was next utilized to improve the development drilling activities that were underway. The results of this effort are presented in this paper. In addition, this paper describes (1) the reasons for preferring kriging over the conventional isopachs, (2) the results of empirical validation of the kriged estimates using 19 additional DDH information, and (3) up-to-date experience on the use of conditional simulation of the same deposit for the future emission control strategy development.

Jan 1, 1980

By Julian W. Feiss

Before undertaking to present to you a current analysis of copper, I would like to preface my remarks with a few observations that in themselves have a bearing upon commodity reviews in general. Having sat through a large number of such reviews since first joining the A. I. M. E. nearly forty years ago, I have no illusions about the hazards of the undertaking. If a speaker presents a statistical summary of commodity economics for the last year, most of his audience, having already read at least four commodity summaries on the identical subject, either get up and walk out or fall asleep. Should the latter happen, and were the listener to tumble from his chair and break his neck, obviously the speaker is liable. The subject matter seldom lends itself to histrionics on the part of the speaker so dangers of heart attack in the audience are not too great. Therefore the speaker, in order to retain listener interest, resorts to prophecy. Such venture was undertaken long ago by weather soothsayers, the "harouspex" of Ancient Rome, who generally cut up a sacrificial sheep and after staring at the entrails made their predictions which I understand had a batting average somewhat better than those undertaken on Wall Street based upon Dow Jones averages. Not being a licensed harouspex I cannot undertake predictions. I shall, however, fall back upon the experts.

Jan 1, 1965

By C. W. Schultz

Earlier publications from The University of Alabama have indicated that column flotation performance is improved when operating at low pulp levels and when the feed is directed into the froth phase. To validate these early observations a series of tests were performed in which the position of the feed entry to the column and the pulp-froth interface were systematically varied. The optimum grade-recovery relationship was achieved with high feed entry (WA) of column height) and very low pulp levels (<10% of column height). The position of the pulp-froth interface appears to be the more critical variable. When operating in this mode (1. e. at low pulp levels) column flotation becomes. in reality. a froth separation process.

Jan 1, 1991

By L. A. Henry

The island of Jamaica consists predominantly of Carbonate rocks which vary in chemical & physical characteristics. Currently these rocks are used for construction and road aggregate, landfill and as a raw material in the manufacture of cement. Over the past fifteen years the Geological Survey of Jamaica with assistance from a number of international aid agencies and the private sector have identified deposits of high calcium/high brightness limestones which have the potential to be utilized as a high quality filler and a number of other commercial applications. Geologically, these limestones are formed within the Eocene Swanswick Formation, the Oligocene Walderston-Browns Town Formation and to a lesser extent the Miocene Montpelier and Newport Formations.

Jan 1, 1998

By S. Park

In a flotation froth (and foam), air bubbles become larger due to coalescence, causing less hydrophobic particles to drop off. A bubble-coarsening model has been developed by calculating the changes in Plateau border area as a function of the initial bubble size at the base of a foam, liquid fraction, and foam height and then relating the predicted Plateau border area to the critical rupture thickness of lamellae film. The model predicts that bubble coarsens with increasing froth height, decreasing frother dosage, and decreasing aeration rate. The model predictions are in good agreement with actual bubble size measurements.

Feb 23, 2014