Search Documents

By Philip K. Chan

Batu Hijau is a new copper and gold mine located on the island of Sumbawa in the Republic of Indonesia. This paper details the design and construction of the Batu Hijau overland conveyor, one of the most challenging efforts of the project. The 1.8 m wide, 5.6 km long conveyor has a design capacity of over 10,000 mtph and carries primary crushed ore through the steep mountains of Sumbawa, which necessitated a 160 m vertical downhill section, a 75 m vertical uphill section, ten vertical curves and one horizontal curve.

Jan 1, 2000

By S. Perla

Two of Peabody Western Coal Company's mine operations are the focus of this paper ... Black Mesa Mine and Kayenta Mine, both located in Northern Arizona. These two locations are unique for a variety of reasons. ? The two mines have only two customers, both power plants, one the Southern California Edison's Mohave Generating Station near Laughlin, NY, the other the Navajo Generating Station near Page, AZ. Close in proximity, these two locations ships nearly 12 million tons of coal per year. ? Material is shipped to these customers two ways: via a 273 mile underground slurry pipeline, which by the way is longest in the world, and by a 17 mile long conveyor to four storage silos. Product is then shipped via train from the storage silos to the plant sites.

Jan 1, 1995

By Douglas B. Silver

"Editor’s note: Douglas B. Silver, Portfolio Manager, Orion Resource Partners, was the keynote speaker at the 2017 SME Annual Conference & Expo in Denver, CO on Feb. 19, 2017. He also gave the keynote address to the SME Annual Conference in 2008. The following is his 2017 keynote address with a few of the slides that were presented. The full speech is available on YouTube https://www.youtube. com/watch?v=uF0qwGJIX3UIn 2008, I had the privilege of giving SME’s keynote address. At that time the financial markets were on the verge of collapse and my presentation described the issues. Unfortunately I was correct, and global markets went into a steep nosedive, creating the largest economic downturn since the Great Depression.In hindsight, there were plenty of signs that this was coming. The Supercycle had created massive new wealth. This wealth was largely invested in the United States due to the country’s political stability and credit worthiness. In 2004, the large investment banks convinced the U.S. Securities Exchange Commission (SEC) to allow them to triple their borrowing leverage ratios. This made the banks more vulnerable to market volatility. The banks then lent money to NINJAS - people with no income, no job and no assets. Even worse was the fact that these unqualified home owners used adjusted-rate mortgages (ARMs) which they, of course, intended to refinance prior to interest rates rising. These mortgages were then bundled up by the banks and sold to investors as “safe” investment products. The money flowed into these products because the rating agencies gave these instruments high marks. These same agencies earned their fees from the very same banks seeking high ratings. (No conflict there). Private debt exploded and peaked out in 2008.These mortgage products were sold in an unregulated shadow banking system and the ARMs came due. Toxic mortgage default rates skyrocketed and the mortgage-backed securities collapsed in value. This house of cards had a negative feedback loop that accelerated the market crash and resulted in more than $1.5 trillion being lost in the securitization sector, a 47 percent decline in the Dow Jones Industrial Average, foreclosure rates skyrocketing and housing prices collapsing. The financial markets were in a nosedive."

Jan 8, 2017

By Tom Ireland, Sumi Eratne

The approach to Risk Management during the procurement of major projects often has a significant outcome on the ultimate successful delivery of a project. The $NZ4.4B Auckland City Rail Link project is the largest and most complex transportation project yet undertaken in New Zealand. Risk management prior and during procurement was undertaken in accordance the ITIG Code of Practice for Risk Management of Tunnel Works (TCoP) and through the use of an Alliance Geotechnical Baseline report. This paper describes the measures taken during the procurement process to achieve certainty with respect to outcomes and minimise project risks whilst also achieving value for money. This included the use of cloud-based delivery of geotechnical data and 3-D geological models, reducing tendering costs and allowing a focus on risk mitigation measures during the tender rather than data management.

Jun 13, 2021

By Thomas J. Regan

The first stage of the Massachusetts Bay Transportation Authority's Red Line Extension Northwest, is a two-track rapid transit extension from Harvard Square in Cambridge, through three stations, to the Alewife Station/Garage complex in North Cambridge. The extension, about 5.0 km. (3.1 miles) in length, is entirely in tunnel, with the Alewife Station/Garage complex and adjacent line sections of tunnel constructed by cut-and-cover methods. The Station/Garage complex, just west of Alewife Brook Parkway, is in an area underlain by deep deposits of very soft highly sensitive clays. It is proposed to construct the station and adjacent tunnel sections by the slurry trench method, using the slurry wall as the permanent structural wall of the station and tunnel. The unusual nature of the underlying clay and its very high sensitivity raised questions concerning the feasibility of the proposed construction. Since research failed to reveal any construction precedent for the specific conditions encountered, a test section was undertaken to determine construction problems, resolve uncertainties, and to establish acceptable parameters for the construction of the slurry walls. PROJECT ORGANIZATION Sverdrup & Parcel as tunnel and transit systems consultant for the Red Line Extension-Davis Square to Alewife had overall responsibility for determining program objectives, project management and test implementation.

Jan 1, 1979

By Gunter Zimmermeyer, Hartmut Eicker

Radon in the Environment Radon, as a natural nobel gas, can be detected nearly everywhere in the environment as a decay product of ubiquitous uranium. As it is emanated from soil and rocks measurable concentrations have been found at the surface of soils and in even higher concentrations in enclosed spaces like, for example, mines and buildings. While above soil surface activities caused by radon have been found in an order of magnitude of up to 1 pCi/l (Weigel, F. 1978), concentrations in enclosed spaces and mines are higher because of the lack of atmospheric circulation. Beside air circulation the relevant figure depends on the Ra226-concentration in the surrounding rocks or building material, as well as on emanation coefficient and the diffusion coefficient. While representative Rn222concentrations in well ventilated buildings are reported to be in an order of magnitude of 1 pCi/l maximum values up to one order of magnitude higher have been found in badly ventilated brick buildings (Ettenhuber, E., Lehmann, R., Clajus, P., 1978) (Aitken, J.H., et al., 1977). Just now it was stated that the reduced air circulation due to German legal regulations on energy conservation will increase radon exposure of the public considerably (Jacobi, W., 1979). Radon in Mines Radon exposure of workers is, of course, a matter of concern in uranium ore mines where relatively high concentrations of the uranium to be mined are present. Measures to protect workers' health have been implemented, based on experience on dose-effect relationship. They serve to meet exposure standards by limiting inhalation of radioactive particles, in reducing radon concentrations or in limiting working hours. Both improved measuring devices and capacity as well as the lower discrimination threshold enable to measure radon concentrations in other mines, e.g. in coal mines. It is known that radioactivity in coal is small compared with that in other minerals and even soil, rocks. Nevertheless, radioactive elements were identified in coal and so the question was whether the concentrations of radon in coal mines might be a subject of concern. The problems encountered when measuring radon in coal mines are described below, as the measuring device has to be flame proofed which is an important additional requirement. Measured radon concentrations in British coal mines have already been published (Duggan, M.J., Howell, D.M., Soilleux, P.J., 1968 (Dungey, C.J., Hore, J., Walter, M.D., 1978). The authors found concentrations of up to 14 pCi/l in Cornish mines. In most cases the values were in the order of 2 pCi/l. These results were consistent with measurements reported from U.S.-coal mines (Lucas, H.F., Gabrush, A.F., 1966). Such concentrations of radon were not considered to represent a hazard for British miners (Ogden, T.L., 1974). In Germany, too, first measurements have been carried out in five coal mines in the Saarland in the 60's. Air samples were taken at different places in the coal mines, dried, fed to an ionisation cell and measured by a device including reference cells. Samples taken at ventilated places showed radon concentrations consistent with the lower British results. They all kept within the standards of the first German regulation on protection against radiation. Measuring the radon daughters was renounced because of the relatively low radon concentrations and the requirements for flame proofness in coal mines. Moreover, it can be ascertained that because of the effective ventilation the disequilibrium factor between the decay products and the radon concentration remains far below the value of one (Muth, H., 1978) (Keller, G.). In 1979 the committee on mine safety and health protection in coal and other mines of the EEC proposed to have measured and evaluated radon concentrations in European coal mines to find out whether they complied with international standards. Great Britain and Germany agreed to this proposal and by commissioning such measurements to scientific institutes complied with the request to harmonize the methods used. In the Federal Republic of Germany, e.g. Westfälische Berggewerkschaftskasse (WBK) and Staatliches Materialprüfungsamt; Dortmund (MPA) were requested to carry out the measurements in coal mines of the Ruhr coalfield whereas Saarberg Interplan was responsible for the Saar coalfield. The WBK measurements are reported in later paragraphs.

Jan 1, 1981

By Donald E. Ranta

An ore zoning technique developed by Climax geologists during the past forty years has been used to contour drill-hole assay values on cross-sections for fourteen porphyry molybdenum deposits in western North America, including the Climax and Henderson orebodies. Detailed geological studies of these large, complex deposits are essential in determining ore controls, which are the factors most critical to the zoning of MoS2 assays and to conceptualizing geologic models. The technique provides a detailed representation of the size, shape, grade distribution, and geologic continuity of the individual deposits. It demands a disciplined approach and adheres to rigorous rules while maintaining flexibility for adaptation to widely varying geologic conditions. By defining the limits that guide and control manual, computer-assisted conventional, and geostatistical reserve estimates, it exerts a strong geologic influence on the estimation process. A combination of ore zoning and geostatistical analysis of molybdenum deposits produces a significantly more accurate, precise, and defendable geologic reserve estimate than other methods.

Jan 1, 1983

By John R. Twining, Michael D. Lawton, Ross A. Jeffree

The Finniss River system in tropical northern Australia has received 'acid-drainage' contaminants from the Rum Jungle uranium/copper mine site over the past 4 decades. Following mine-site remediation that began in 1981-82 the annual contaminant loads of sulfate, Cu, Zn and Mn have declined by factors of 3, 7, 5 and 4, respectively over 1990-93, compared to the 1969-74 pre-remediation loads. Comparison of the frequency distributions of contaminant water concentrations over these pre- and post-remedial periods have shown varying degrees of reduction in the highest levels following mine-site remediation, that are consistent with reductions in their annual-cycle loads. Among the three selected major metal contaminants the reductions in maximum water concentrations are most pronounced for Cu. The demonstrated reductions in the highest water concentrations of all four contaminants are also associated with previously reported ecological improvement in the Finniss River system, compared to the benchmark of environmental detriment established in 1973fl4, prior to the beginning of remediation at the mine site.

Jan 1, 2000

By William Gleason

"Speakers and attendees of the 2016 Cutting Edge Conference could not be faulted for keeping one eye on the presentations taking place at the Hyatt Regency at LAX in Los Angeles, CA on Nov. 7 and 8 and another on the results of the historic election in the United States that took place on Nov 8. While there was certainly interest in the presidential campaign, there was also a great deal of interest in Measure M on the California ballot. Measure M, which passed easily, is a half-cent sales tax increase that will fund the most ambitious transit expansion in Los Angeles County history.In the coming years, the ballot measure will transform a traffic-choked region by funding the construction of nearly a dozen new rail lines with an estimated $120 billion raised in four decades. Among the projects that could come to fruition are a twin-rail tunnels project through the Sepulveda Pass and new connections in the city.During the update on West Coast projects, Bill Hansmire summed things up with a slide asking “How much work is there on the West Coast,” and his answer was “Billions.”From Seattle, WA south to Los Angeles, there is already a lot of work for tunneling and underground construction experts, and Measure M ensures that there will be plenty of work for decades to come.Currently, The Los Angeles County Metropolitan Transportation Authority (Metro) has three rail projects underway that were funded by Measure R in 2008 — the Regional Connector, the Purple Line subway extension and the Crenshaw/LAX Line that are designed to alleviate the traffic pressure with an eye to more solutions.Measure M is the fourth sales tax increase to fund transportation in L.A. County, bringing the base sales tax rate to 9.25 percent. In some cities, which already levy their own sales tax, the rate would be higher, The Los Angeles Times reported.About 35 percent of the revenue will fund major new transit projects, such as the subway under the Sepulveda Pass, extension of the Gold Line to Claremont, extension of the Crenshaw Line to West Hollywood and acceleration of the Purple Line Subway construction along Wilshire Boulevard to finish in 2024, 10 years earlier than scheduled.About 17 percent would fund a dozen highway improvement projects, such as widening parts of I-5 in the Antelope Valley and southeastern county, adding bus lanes to the Sepulveda Pass section of the 405 freeway and adding truck-only lanes to a section of the 710 freeway."

Dec 1, 2016

By A. T. Yu

Once exploration is complete, "winning" of the ore can be viewed as fundamentally a bulk handling proposition. Whether it is to strip, break, size, extract, load, haul, or even process, the success of each of these phases will depend upon how effectively one can utilize-the methods and tools that are available in bulk handling. Since as much as 30 to 60% of the total delivered price of raw materials can be attributed to handling and shipping (ref. 1), this expenditure may spell the success or failure of an entire mining venture. In fact, it has become increasingly evident that handling and shipping are so intimately associated with mining that only when they are duly considered throughout the mine-to -smelter master plan as an integral part of a total system can an optimum operation be expected and the most economical ton of ore obtained, this total systems approach should not only take in handling and haulage in and out of the mine, but also storage and transfer at the terminals (ref. 2,3,t), including ship and barge loading and unloading which are likewise a major consideration (ref. 5). Much has been developed during the past century in bulk handling, particularly in its expanding use in the mining industry. In view of the major role bulk handling has played and will continue to play in mining, in commemorating AIME's centennial, this paper will attempt to outline the state-of-the-art at this three-quarter point of the 20th century - one that is marked by its industrial revolution and rapidly accelerating technological advances. Bulk handling systems Although many developments in bulk handling are worth noting. The most significant during the past three-quarters of a century are: the total systems approach to solving problems, automation, the increase in speed and capacity.

Jan 1, 1971

By Tomb. T. F., R. A. Haney

During the past several years, the Mine Safety and Health Administration (MSHA) has conducted studies in underground mining operations to obtain information on occupational exposures to diesel particulate (DP), mine environmental DP levels and on the effectiveness of methodologies used to control DP. The studies conducted were representative of four coal mines and 10 metal mines. The metal mines included two lead-zinc mines, one limestone mine, two potash mines, one zinc mine and four salt mines. Three of the four coal mines were using disposable diesel exhaust filters to remove particulate from the exhaust and one was using a reusable wire mesh filter. Results of these studies indicate that average DP levels in coal mines not using exhaust filters range from 0.9 to 2.1 mg/m3, The use of exhaust filtration devices reduced these levels by about 50% to 90%. Studies conducted in metal and nonmetal mines showed average DP levels ranging from 0.3 to 1.6 mg/m3.

Jan 1, 1996

By M. Machina

Anew approach to the use of projectiles for rock fragmentation uses recently-developed technology to optimize projectile shape and composition to achieve the desired type of breakage. Projectiles can also be made of various materials, as determined by the requirements of downstream processes. This paper describes laboratory tests with an 21-mm (8-guage) gun, and field tests with a 60-mm cannon.

Jan 1, 2003

By D. W. McGlashan

[Becaune ad ;the extennive nwrgace anea od u.X chopRex2 in emmiom, emuhion dRokdtiun oddeh poaaibWa don ;the necove/ry ul; BinQey divided minmcd pa~LL&a, Swr~aC;tavu% mu2 akab&ze ;the emu-bion and poan an an ad~i&y don ;the dahed mina&. OZhm hpohtant acto oh me ;the naAwre od ;the em&iun inghedied, ;the nQRaLLve volwna 06 the colz;tinuoun and dincon;tinuoun phaa, ;the change aign bonne by the dnuplm ad the o.X phae, ;the z&a pu;tenticd od ;the dahed minmd, the ~olubRe am curdent 06 khe wcr;ten-pulped and gnuund onu. AX on nem ;the AoQRec;trtic point on ZPC, ;the doubRe Raym about ;the minW-&den oil dnopR& i~ neduced in ;tkichnaa and the dn_opR& wU codace and continue to aggnegate into agglommaka . Invetmion dnom O/U ko W/O can UCCWL depending upon a nwnbm a 6 in;tmQeaked daotuh~. EReothokin&Lc inn&wnenta;t/iun to meanwre ;the ZPC, QReckProphonQkic mobilXty z&a pokeW and hakerning cuttrtent me invcduabte in ;the appficatiun ud emu-bion dRo;tat;iun ;to m&~c and nonm&~c minu.&. ] INTRODUCTION Recent interest in emulsion flotation can be ascribed to the necessity of selective separation and concentration of extremely fine minerals. That which follows is an elucidation of the many factors-in emulsion technology in application. In applied surface chemistry for solid-particulate separation and concentration, emulsion flotation is one of the intermediate processes between froth flotation, in which the continuous phase is water (99.5 to 99.999% by volume), and particulate extraction, in which the continuous phase is almost entirely an organic-fluid. Another intermediate process is particulate exchange (or partition) in which immiscible or very limitedly miscible phases are in controll¬ed but appreciable volumes. Surfactants are common to all of these

Jan 1, 1968

By Manfred Jaeger, Klaus Ertmer, Walter Dietrich, Jochen Greinacher, Wilhelm J. Kogelmann

In Europe, novel low-cost excavator-mounted Multi Tool Miner (MTM) systems, consisting of cutter head, hammer, bucket and drill attachments permit one unit to perform multiple tasks replacing several purpose-built machines. At the Weser Tunnel in Germany, cross-passages between the twin tubes were excavated in frozen ground with a remote-controlled mini-excavator equipped with a quick-change cutter head, ripper tooth and bucket. In Switzerland at the N2 interstate near Basel, W. Dietrich AG enlarged a 2-lane tunnel to three lanes with a cutter head mounted on a special excavator. Blasting and heavy hammers were not permitted due to the closeness of the “live” twin tube. At the N20 Zurich bypass, the Joint Venture of Jaeger, Frutingerand AHB excavates highway tunnels, some with extremely large cross sections, conventionally. A cutter head mounted on an excavator removes the rock shattered by blasting precisely to the pay line, thus preserving the rock’s self-supporting capacity preventing subsidence and damages to water resources and buildings on the surface under low overburden.

Jan 1, 2003

By Ken E. Baylis

Current over-capacity in coal production provides assured and relatively low-cost supplies to coal importers. At the same time, it is of serious concern to coal producers who invested considerable sums in the expectation that overseas demand would continue to grow rapidly. This paper assesses the reserves available for export, the export facilities, the coal supplies which can be put through them, and the market prospects for the future. It assumes, rightly or wrongly, that there will be no major and prolonged disruptions in supply from any major sources of coal. COAL RESERVES FOR EXPORT Economically recoverable reserves in the non-communist world amount to about 470 billion tonnes. These are sufficient to sustain current production levels of 2 billion tonnes a year for 235 years.

Jan 1, 1984

By C. A. Rowland

The rising costs for and the possibility for limited availability of electrical energy are emphasizing the continual conflict faced in the selection of comminution circuits used in preparing ores for concentration, namely; capital cost vs. operating cost. Frequently, the circuit with the lowest capital cost is not the most efficient in the use of electrical power and wear resistant materials. The simplest circuit in terms of flow, pieces of equipment and capital cost is the single stage autogenous or partial autogenous circuit used to grinding primary crusher discharge or run of mine ore to the desired product size. (Fig. 1) From this circuit, complexity increases to multi-stage crushing circuits preparing feed for multi-stage grinding circuits. Fig. 2 showing a three stage rod mill ball mill arrangement is an example of a complex grinding circuit. Stage concentration further complicates the flow. Multi-stage circuits being the most expensive to install, often give the greatest operating flexibility and offer the best possibilities for the most efficient use of available power and wear resistant materials. Within available grinding circuits, other comparisons such as high speed vs. low speed mills, grate discharge vs. overflow discharge, metal liners vs. rubber liners, high charge vs. low charge, etc. all add to the conflict

Jan 1, 1977

By Richard L. Bullock

At the beginning of the previous chapter, variation in the types of room-and-pillar stopes were briefly identified so that the reader could begin to understand the extensive application of this mining system. These same variations will be reviewed and elaborated upon in this chapter while discussing the methods by which the material is extracted. FULL-FACE SLICING BY DRILLING AND BLASTING When the entire mineralized thickness is taken in one pass of mining, it is known as full-face slicing. There is no mineral of economic value intentionally left either in the floor or the back. Theoretically, there is no limit as to how high the face could be in a single pass. But there are practical limitations to equipment size, pillar stability, and control of local loose slabs on the face, roof, and pillars that dictate current practices. The range of face height of the 15 typical room- and-pillar mines covered in Table 8 (Sec. 1, Subsec. 7) from the Dravo report, 1974 was 1.7 m (5.5 ft) to 9.8 m (32.1 ft), the average being 5.2 m (17.1 ft). In the Gaspe copper mine, Murduchville, Que., the drill jumbos were constructed with an extendable tower for full-face mining up to 15.2 m (49.9 ft) if necessary. However, a more common practice at that mine is to take the ore in multiple slices (Hall, 1959). In many metal mines the normal practice when starting stoping is to drive a single development drift into the ore zone a distance that will allow at least four or five rooms to be opened on each side of the initial drift. Since this opening will probably serve as the main haulage drift, it should be kept as straight and as level as possible. As to the other criteria for the stope developments, it might be well at this point for the mine planner to review the remarks presented earlier (Sec. 1, Subsec. 7) on drifts, entries, and crosscuts for production. After the initial drift is driven, it should be slabbed to the full room width if it is not that wide already. Next, the future pillars should be marked on the ribs and the rooms driven between them. If the ore extends beyond the length of the initial drift and is to be mined in the normal sequence of mining, care should be taken in a random room-and-pillar system to see that the extension of the initial roadway remains straight. If pillar "spotting" is left to the shift foreman or to the miners, they probably will not realize the importance of maintaining a uniform pillar line next to the roadway, and of keeping the line straight. Invariably, a pillar will end up in the middle of the future drift extension resulting in a "dogleg" in a possible main haul- age road. While this error is not catastrophic, too much weaving in and out of pillars will certainly slow down future production haulage and needlessly increase costs. Face or Breast Drilling and Blasting Practices To drill and blast the initial advances into the rock, usually some form of cut pattern must be used. In room-and-pillar mining, when a pattern is drilled in a face and that face is the only exposed surface to which all of the rock must be broken, the pattern is known as a "face round" or "swing." The face to which the rock must be broken is referred to as a "free face." Thus the most common way to advance a room into virgin rock with only one free face is by drilling swings. If, after breaking around a pillar, taking down back, or taking up bottom, there is a second (or third) face exposed, a group of holes drilled nearly parallel to a free face and breaking to it is known as a "slab round" or "slabbing." In some mining districts it is also known as "slashing." Obviously, because two faces exposed offer less resistance to fragmentation than a single face, slabbing requires less drilling and fewer explosives than required to break the same tonnage with the same degree of fragmentation with swings. Therefore, it behooves the driller (or supervisor) to plan the combination of

Jan 1, 1982

By Nopadon Mantajit, Dallas W. Davis, Somsak Potisat, Prasert Kumalachan

For centuries Thailand has been a significant, though primarily unofficial, producer of gold. Panning has been the traditional way of making a living for innumerable villagers during the December to May dry season following the harvest. During this period groups can be seen working the streams, rivers, fields and dry valleys at as many as 90 localities in 28 provinces. Attesting to their efforts are the five and a half ton solid gold Buddha at Wat Trimit and much of the gold jewelry sold in Bangkok. This traditional panning will continue, and probably become more extensive, in harmony with commercial endeavors using modern technology suitable for extraction of gold from types of deposits for which gravity separation would give very low recoveries. Several such deposits have been discovered in the course of geochemical and geological surveys conducted by the Royal Thai Department of Mineral Resources with the object of contributing to early interpretation of the results of a country-wide airborne survey.

Jan 1, 1987

By John A. Reeves

The Coal Creek Preparation Plant is the coal cleaning facility of Mid-Continent Coal and Coke Company. Located three miles west of Redstone, Colorado, and at an elevation of 8,040 feet the preparation plant cleans coal produced at the company's Dutch Creek Mine and L. S. Wood Mine. (See Fig.1.) Current production is at the rate of 2500 tons per day clean coal. Plant capacity is rated 350 TPH raw coal. Reject rates vary with mining conditions from 8% to 25%. Factors which influenced the design of the coal cleaning facility were the characteristics of the coal, the location in a tourist oriented resort area, and the extreme winters of the area. Lack of areas suitable for settling ponds and the necessity of keeping effluent waters out of the fishing streams dictated a closed circuit plant. Severe winter conditions, which last six to seven months out of the year and temperatures which have dropped to 40° F. below zero on occasions demanded that the plant be totally insulated and enclosed indoors.

Jan 1, 1967

By Arthur Miller

Most of the production of copper in the United States comes from a few large companies. Often overlooked, however, are the more numerous small mining operations, which collectively produce a significant portion of the nation's copper. The objective of this paper is to describe the operations of a small mining company - Ranchers Exploration and Development Corporation - how it views its place in this industry of giants, how it exploits the advantages offered by its relatively small size, and how it protects itself from the hazards being small introduces. Environment is, of course, a critical factor for such a company because it does not have the resources which help large companies weather periods of financial stress. Ideally, this environment is characterized by a heal thy economy, strong product demand, relatively stable prices , adequate grades and tonnages of ore commensurate with depth and over-burden, ready access to utilities, a dependable labor pool, and suitable technical "know how". When the environment is right, properties which were previously uneconomical to operate attract the attention of companies whose primary interest is a return on investment commensurate with risk over a reasonable period of time. Naturally, the amount of the investment and the duration of operation determines the size of the company which would be interested in such a venture. Such is the case with Ranchers Bluebird Mine at Miami, Arizona - a small property operated by a small company in a favorable economic environment.

Jan 1, 1967