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By C. Musingwini, A. S. Nhleko

"Since the Global Financial Crisis (GFC) in mid-2008, capital has been more difficult to access. Mining projects must contend with projects from other industries for scarce capital. A decision to invest available capital in mineral projects requires that valuation be conducted to assess the expected return on the projects. The discounted cash flow (DCF) analysis is generally applied for the valuation of mining projects, whereby future cash flows are discounted to present value using an appropriate discount rate. The discount rate significantly affects the outcome of a valuation. Economic and finance theory provides tools to calculate discount rates. The discount rate must account for factors such as the risk and stage of development of the mineral project; hence the appropriate discount rate to utilize in a project is often a subject of debate.The discount rate is the weighted sum of the cost of debt and equity. There are several methods for determining the cost of equity. This study considers the commonly applied Capital Asset Pricing Model (CAPM) and Gordon’s Wealth Growth Model because of their simplicity and availability of parameters required to estimate the cost of equity. This study explores how differences in the cost of equity obtained by these two methods can be explained for a mining environment. Data for empirical analysis were collected from the I-Net Bridge, McGregor BFA, and Bloomberg databases. It was found that Gordon’s Wealth Growth Model provides better estimates of the cost of equity compared to the CAPM under depressed market conditions. Therefore, this research recommends that Gordon’s Wealth Growth Model be used to estimate the discount rates for mining projects during periods of depressed market conditions."

Jan 1, 2016

By B. L. Eggers

This study investigates the application of computed order tracking with subsequent rotation domain averaging and statistical analysis, to the drag gearbox of a dragline used in a mining environment. Computed order tracking is a fault detection method developed to deal with the varying speed conditions often found in industry and has been proven effective in laboratory conditions. Its application to real situations, however, requires some adjustment to deal with issues such as inadequate speed data and the fact that the drag gear rotates in two directions. This provides a unique opportunity to observe the performance of the order tracking method in a bi-directional rotating environment, allowing an investigation of the relationships between the results obtained from each operating direction. A monitoring station was set up aboard the dragline and data was captured twice daily for a period spanning approximately one year. The data captured consisted of accelerometer and proximity sensor data. The key on the shaft triggers the proximity sensors, allowing speed and direction to be measured. The measured speed is interpolated by using various speed interpolation techniques. Then the interpolated speed is used to complete the order tracking procedure that resamples the vibration data with reference to the speed. The results indicate that computed order tracking can be successfully employed in real environments. Furthermore it is shown that the rotation direction that opens the gear-tooth crack gives a better indication of incipient failure. It is therefore important not to disregard either direction when monitoring rotating machinery of this kind.

Jan 1, 2007

By Saskia Duyvesteyn

Small ion-exchange resin particles provide faster mass transport than conventional-sized beads. Unfortunately, high pressures are needed to pump solutions through columns containing small resin particles. It is preferable to disperse fine resins in the solution being treated. Screens have been used to separate the resin from the solution, but screens do not retain fines created by attrition of the resin particles. We have developed a separation process based on flotation, which relies on the surface characteristics of the resin, instead of size. The resin is conditioned with a surfactant before dispersing it in the solution to be treated; this increases the hydrophobicity of the resin sufficiently for froth flotation, without introducing surfactant directly into the solution. The surfactant adsorbed on the resin surface does not appear to impair the kinetics of metal ion removal. A flowsheet for an effluent treatment process is proposed; other applications are clearly possible.

Jan 1, 1998

Three complete connector assemblies and six separate contacts were submitted to a series of tests to establish the connectors permissibility and compliance with U. S. Bureau of Mines research Contract #H 0110423 D.C. portion. Test Procedure TPC-0118 was coordinated, and the test plan approved by the Bureau as fully complying with the intent of the contract for the direct current connectors. The components and connector assemblies have been demonstrated in testing that they meet or exceed all the requirements of the test procedure.

Jan 1, 1974

By Foster Fraas

One of the lithium minerals most widespread in the earth's surface is spodumene (Li2O-A1203-4Si02) a lithium aluminium silicate. For some time, deposits of this mineral were known to exist in the Black Rills of South Dakota, but it was only quite recently that Hess4/ pointed out the great magnitude of the low-grade e deposits it s in North Carolina. The theoretical lithia (Li20) content of spodumene is 8.04 percent. The only other minerals with such high lithia content are the phosphates, but these occur only in pockets and are not in extensive deposits5/. Actually, however, the lithia content in spodumene is never found to be this high, being nearly always below 7 percent for the pure mineral, and part of the lithia is apparently replaced by other alkalies.

Jan 1, 1937

By A. M. Hanna

This paper presents the experimental investigation on the ultimate skin friction of batter piles. The model piles were pushed in medium dense sand deposits at different inclinations up to 30 with respect to the vertical and tested under axial compression loads. The decrease in the total skin resistance with increasing pile inclination can be explained in terms of the reduction of the ave­rage mobilized angle of friction between the pile shaft and sand. The analysis, which takes into account asymmetrical earth pressure distributions around the pile shaft, showed good agreement with experimental results.

Jan 1, 2010

By Harry A. Schrecengost

The Bureau of Mines has found considerable lack of uniformity in style and content of record books used for reporting the results of examinations made by coal-mine officials. These books range from elaborate forms designed for specific examining and operating procedures at certain large mines to simple composition books, tablets, and pocket-style notebooks at other mines. Examination of thousands of these record books discloses that the reports of many examinations are so brief and so poorly worded that they cannot be understood readily. The contents, in some instances, appear to be deliberately ambiguous. The value of keeping accurate accounts of safety inspections in coal mines is often underestimated. Well-kept records reflect managerial attitude and indicate well-governed operations as well as training of official personnel to conform to considered policy and regulations and if necessary, may serve as documentary evidence to protect the mine officials and the operators.

Jan 1, 1962

At the exploration stage for new mining projects or for medium- and long-term areas of existing mines (typical of South African gold mines), drilling data is on a relatively large grid. This grid is normally larger than the selective mining units (SMUs). Direct estimates for the SMUs and also of much larger block units will then be smoothed due to the information effect and the high error variance. Any capital-intensive project decisions made on the basis of any of the smoothed estimates will tend to misrepresent the economic value of the project or operation, i.e. the average grade of blocks above cut-off will be underestimated and the tonnage overestimated for cut-off grades below the mean grade of the orebody. This paper presents a direct approach technique for deriving recoverable resources, referred to as localized direct conditioning (LDC), designed to correct smoothing effects and also to provide support corrections.

Jan 1, 2014

By Per Eriksson

For light buildings on clay, foundations on L/C-columns is in many cases a competitive alternative to piles when the thickness of the clay is moderate (<20 m). The method is applicable for the above mentioned depth when the clay is normally consolidated, and for thicker deposits when the clay is overconsolidated at depth. This case study concerns a shopping mall in Nordby, Sweden, founded on L/C-columns (5-15 m in length) and generally spaced 1.45-2.0 m (spacing 0.7 m was used below pillars). The base slab was built as a raft foundation, using fibre reinforced concrete.

Jan 1, 2000

The greater part of this paper comprises the material used in a lecture delivered to the South Queensland Branch of the Australasian Institute of Mining and Metallurgy in September, 1949. It contains little in the way of original matter, its main purpose being to call attention to the need for research into the properties of Queensland coals and to indicate some of the lines such investigations might profitably follow.Since the lecture was given the Powell Duffryn (1949) 1 report, which has made an excellent start along these lines, has been printed. This report is, however, only a beginning, though a big one, and there is ample room for many years of work along similar lines.The paper is based largely on the work of de Jersey (1946, 1949)2,3,4,5 and Jones and de Jersey (1947)6, but these workers in turn owe a debt to the work of many British and American investigators, too many to enumerate. The subject is a very large one-to deal with it fully would require not a paper but a book; all the author can hope to do is to discuss very briefly some of the main lines of investigation and indicate some of their applications.The reason for selecting Queensland coals in particular is the widespread ignorance of the extent of the coal resources of that State and the almost complete ignorance, to within the last year, of the modern industrial purposes to...

Jan 1, 1950

By S. Al-Hassan

The deposit has been exploited for Mn oxide and carbonate since 1916. Known reserves of MnO, however, are almost depleted and the survival of the mine will depend on the exploitation of the carbonate. Kriging, inverse distance weighting (IDW) and cross-sectional methods have been applied to the evaluation of the carbonate resources and reconciliation of the estimates obtained shows that kriging and IDW give almost identical block values. A comparison using conditional probability indicates that there is virtually no difference between the global reserve estimates derived from the cross-sectional and kriging methods. The physical causes of these similarities are highlighted and the problems of dealing with multimodal distributions are discussed together with the difficulties of semi-variogram modelling

Jun 19, 1905

By H. L. Burmeister

This is one of a series of publications by the Bureau of Mines dealing with mining methods and costs at representative operations in the United States. The report describes all phases of the mining methods for the open-pit operation and milling practices employed at the Vermont Asbestos Mines in Lamoille and Orleans counties, Vermont. A brief history of discovery and development of these asbestos deposits is given, and the ore deposits are described. Methods employed in exploration, sampling, and estimation of tonnage and grade are outlined. A breakdown of available cost figures is summarized in the last section. All asbestos ore produced in this area has been won by the use of surface-mining methods. Two quarries, the Lowell and the "C" Area, are in operation. The quarries combined are producing and the mill is processing approximately 3,500 tons of ore per 3-shift day The average 40,000 tons of crysotile asbestos fiber produced at this plant annually accounted for 96 to 98 percent of the total fiber produced in the United States in 1958. The mine is located (fig. 1) approximately 4 miles north of Eden Mills village on the southeastern flank of Belvidere Mountain (fig. 2).

Jan 1, 1962

By J. M. Weehuizen

Complete details are given of the drilling method by which two shafts were sunk at the new Beatm&apos;x mine of Staatsmijnen in the Netherlands. The nature of the rock strata in the Dutch mining district determined choice of the drilling rather than the freezing method. Data for each step and details of the equipment used are given in the illustrations. Staatsmijnen was founded in 1902 with government financial backing, but it is run as a private enterprise, on a commercial basis, with the normal fiscal obligations. The company now has four mines in operation with annual outputs amounting to 7 1/2 million tons of coal. In 1952 it was determined that a new mine—the Beatrix—would be opened. Details of the shaft-sinking operation are described in this paper. SHAFT LOCATION The coal-bearing carboniferous rock in the Dutch mining district is overlain almost completely by soft water-bearing strata, which at the site of the new shafts are about 1600 ft thick. The sinking of the new shafts through this soft water-bearing overburden (Fig. 1) is a costly and time-consuming affair. From the two availaible sinking methods: 1) Poetsch&apos;s well known freezing method or 2) the drilling method of Honigmann-de Vooys, the latter was preferred, not only because of its relative cheapness, under the prevailing conditions, but primarily because by using the drilling process, a special type of shaft lining of steel, concrete, and bitumen could be used. The new shafts, located 330 ft apart, have an inner diameter of 18 ft, 4 1/2 in. The boreholes, which have a diameter of 25 ft and which were drilled through nearly 1600 ft of overburden and some 100 ft of carboniferous, each contain more than 29,000 cu yd—by far the largest in the world. DRILLING METHOD The drilling method is based on the use of mud-flush—a thin mixture of clay and water—to keep the borehole filled during the entire drilling period and during insertion of the lining (Fig. 2). The pressure of the mudflush against the borehole wall is greater than that of the water in the surrounding

Jan 1, 1961

By L. Lehasa

The purpose of the project was to investigate the challenges faced by Khutala Colliery pertaining to underground road construction and maintenance. Furthermore the influence of these challenges on productivity and safety requirements were taken into consideration. The operating standards required for the construction and maintenance of the 2 seam road transport infrastructure was investigated, together with reasons why the standards of operating procedure are not met. The Code of Practice put in place by Khutala Colliery was used to view the standard operating procedures. Leading practices on underground road construction were researched. The project aims to discover the gaps that Khutala Colliery must bridge to implement enhanced practices with regards to underground road construction. During the period of study, observations were carried out to determine whether the road construction standards of operating procedure were being adhered to at all times for both road construction and road maintenance. Khutala Colliery has put in place a traffic management plan, which includes safety practices and work policies that must be adhered to while travelling on underground transport roads.

Jan 1, 2012

By D. Bois, P. Poirier, B. Bussière

Environmental desulphurization is an attractive alternative for the management of acid generating tailings. Bulk sulphide flotation is the most commonly used method to produce desulphurized tailings, as shown from many previous works. This process can reduce the volume of problematic tailings to manage by making a sulphide fraction concentrate. The desulphurized tailings can then be used as construction material for an engineered cover to prevent acid mine drainage. In this paper, the results from different laboratory and pilot scale flotation tests are presented. These results confirm that low sulphide non-acid generating tailings can be produced by froth flotation. It is also demonstrated that sulphide concentrates obtained from desulphurization mixed with the appropriate binders can be used as feed material for paste backfill. From previous work on the evaluation of operating and capital costs of the desulphurization process for different ore types, the use of desulphurization as a tailings management approach was studied for several scenarios. The desulphurization process was then compared with other technologies (underwater disposal, engineered soil cover) currently used to prevent acidic drainage (AD) for a new mining operation. Results show that partial or total desulphurization are technically and economically viable options to manage tailings during mine operation. Mine waste managers should consider desulphurization as an efficient technology.

Jan 1, 2005

By B. Pewkliang, K. Ehrig, E. Macmillan, M. Smith, V. Liebezeit, Y. Li

The Olympic Dam iron-oxide copper-gold (IOCG) uranium-silver deposit is the largest publicly declared uranium, fifth largest copper and third largest gold resource. Currently, the operation consists of an underground mine and integrated processing plant. Uranium is produced from leaching of flotation tailings and is a co-product to copper cathode with by-product gold and silver bullion. The Olympic Dam geometallurgy team began studying ore from the Southern Mine Area (SMA) in 2006 and soon discovered uranium behaviour was far more variable than the behaviour in the Northern Mine Area, which had been mined from the start of the operation in 1988. The primary objective of Olympic Dam geometallurgy is to develop metallurgical performance predictors that reliably describe the process performance of different ore types and distribute these into the resource block model for use as a fundamental input into mine planning. The nature of the uranium mineralisation (compositionally and texturally complex and highly variable) meant that classic mineralogy techniques alone could not provide the resolution required for prediction of uranium extraction. However, the combination of quantitative mineralogy, results from laboratory-scale leach tests and modelling within the geometallurgy program has enabled prediction of both uranium flotation recovery (via association with sulphides) and uranium leach extraction, including at variable leach conditions. These stope-based predictions have supported trade-off decisions between operating costs and uranium revenue, and have predicted the changing recovery as the mining operations have moved into the Southern Mine Area in recent years.

Jan 1, 2020

By Sanna Mustonen, Seppo Mellanen, Mellanen, Pekka Kantia

In Finland Posiva Oy (Company) is responsible for implementing the final disposal programme for spent nuclear fuel of its owners. Company is preparing for the geological disposal in Olkiluoto crystalline bedrock. Excavation will be executed using drill and blast method. Method unavoidably causes variable excavation damaged zone (EDZ) on tunnel surfaces. The EDZ constitutes a risk for long term safety and therefore good control methodology of the blasting technique is required. The thicker the EDZ, the greater is the likelihood for detrimental transport pathways for ground water to transport radio nuclides, should those be present.

Jan 1, 2016

By Benjamin Cebrian

Traditional dilution control systems range from computer modeling, use of physical markers on the field as polypipes to a technology that marks some control points where displacement is measured. The latter includes walking over a muckpile which is prohibited by some mining companies as a safety measure. The new technology presented in this paper is a patented system that is installed on board excavators (backhoe or front shovel types). Several control points are set along ore/waste contacts and their position is uploaded on the corresponding shovel. The operator proceeds on mucking until he is alerted when reaching any of the several control points previously located in the blast patterns and that have moved with the muckpile. A case study is presented at a high grade copper mine, were unique 3D shapes are showing as a result of using an on-board excavator dilution control system. Both ore-loss or dilution cost of opportunities are analyzed.

By Levent Ozdemir, Robert J. Evans, Russell J. Miller, William Sharp

This paper describes the specifications and capabilities of a 6 ft (1.83 m) diameter laboratory rotary cutting machine which was designed and fabricated under a Bureau of Mines (USBM) contract awarded to the Colorado School of Mines (CSM). The machine will be used for carrying out research and development programs aimed toward improving the design and operation of mechanical tunnel, raise and shaft boring equipment.

Jan 1, 1983

By A. T. Visser

"SynopsisAlmost 20 years have passed since the cutting-edge research by Thompson and Visser on the design and management of opencast mine haul roads was conducted in South Africa. This system is based on three principles, namely the structural ability to support the ultra-heavy truck loads, the selection of vehicle and environmentally friendly riding surface, and an appropriate level of maintenance to counteract wear and tear. Obviously, proper layout and geometry are essential.These principles have been implemented worldwide, and it is useful to review the lessons learned. The objectives of this paper are to present a critical review of the status of mine haul road design and management, and the impact that these principles have made on operations, particularly the cost-effectiveness. The paper briefly reviews the principles of the haul road design and management and the extent to which they are applicable. Case studies of a number of implementations are presented to demonstrate that the principles are sound and have been applied effectively. For example, at an international operation the transport cost of coal was 40% more expensive than anticipated in the feasibility stage, and this made the mining operation uneconomic. Correction of this problem resulted in a viable enterprise. Although designed for opencast operations, the principles are equally valid for underground operations, and initial development work will be discussed.The main conclusions are that the research approach is valid and its effectiveness has been demonstrated in a number of applications. The anticipated financial benefit has been derived, and has made the mining operations that used the principles more effective. Of major importance is the application of opencast haul road design principles to the future thrust of using driverless vehicles in opencast and underground mining, where the road quality is not negotiable as there is no driver that can avoid obstacles or severe road deterioration.IntroductionAlmost 20 years have passed since the cutting-edge research by Thompson and Visser on the design and management of opencast mine haul roads in South Africa (Thompson and Visser, 1996a, 1996b, 1998, 1999, 2000a). This system is based on three principles, namely the structural ability to support the ultra-heavy truck loads, the selection of vehicle and environmentally friendly riding surface, and an appropriate level of maintenance to counteract wear and tear. Obviously, proper layout and geometry are essential."

Jan 1, 2015