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By Ö. Erdem

The investment decision making process in the insurance and finance industries is affected by new advances such as simulation techniques. These advances have improved the discounted cash flow method (DCF). In DCF, a dynamic and flexible model construction is not possible because it does not consider uncertain conditions. Each project should be evaluated taking into account the related uncertainties because the related uncertainties determine the characterization of the project. Related uncertainties can be processed in dynamic DCF, which is applicable to both financial and non-financial industries with different kind of uncertainties, such as power generation and petroleum projects. The dynamic DCF method can estimate net present value (NPV) while managing related project uncertainties with a simulation method like Monte Carlo Simulation. The simulation method is preferred because its output is unbiased. Therefore, a more realistic financial evaluation of the project can be concluded. In spite of the improvement of dynamic DCF, this project evaluation method is not used frequently in mining industry. However, the mining industry is ideally suited to this concept because it is highly dependent on estimations such as orebody size and ore grade. During the project evaluation stage, these uncertainties can be included with the dynamic DCF method. This study aims to contribute to increasing the usage of this method in mining projects. A copper reserve in Turkey is selected as a case study to apply uncertainty assessment for the evaluation of NPV.

Jan 1, 2012

By C. M. Harrer

The location, features, quality, and extent of iron ore deposits are evaluated in this Bureau of Mines report. The results of pioneer beneficiation on Wyoming taconites and their success are discussed along with developments in the iron-ore mining industry, markets, and economics. Market potential, transportation, resource developments, taxation, cost of iron ore enterprises, and the future of Wyoming iron resources are evaluated. Although occurrences of iron ores in Wyoming were known prior to 1870, early production to 1900 was as a nonferrous metallurgical flux and as mineral pigment for paints. In 1901, the Hartville-Sunrise hematite deposits were available to the Western iron and steel industry and in 1962, the first western taconite operation was placed in production at Atlantic City, Wyo. This investigation disclosed the probability of other large iron deposits in Wyoming. Taconite in the Bradley Peak area of the Seminoe Mountains has a potentiality of 100 million tons; that in the Owl Creek Mountains may prove very large also. Pioneer beneficiation testing has been included, and results have been generally encouraging. Research continues on the large titaniferous magnetite deposits of Albany County, Wyo. At present high-density titaniferous magnetite is being mined and processed at Iron Mountain for heavy-aggregate and as a sized coating for underwater pipelines. Ample mineral raw materials needed for mining and processing Wyoming iron ores are available. Investments for iron-ore processing plants will generally be large, particularly for taconite and titaniferous magnetite.

Jan 1, 1966

By C. M. Harrer

The location, features, quality, and extent of iron ore deposits are evaluated in this Bureau of Mines report. The results of pioneer beneficiation on Wyoming taconites and their success are discussed along with developments in the iron-ore mining industry, markets, and economics. Market potential, transportation, resource developments, taxation, cost of iron ore enterprises, and the future of Wyoming iron resources are evaluated. Although occurrences of iron ores in Wyoming were known prior to 1870, early production to 1900 was as a nonferrous metallurgical flux and as mineral pigment for paints. In 1901, the Hartville-Sunrise hematite deposits were available to the Western iron and steel industry and in 1962, the first western taconite operation was placed in production at Atlantic City, Wyo. This investigation disclosed the probability of other large iron deposits in Wyoming. Taconite in the Bradley Peak area of the Seminoe Mountains has a potentiality of 100 million tons; that in the Owl Creek Mountains may prove very large also. Pioneer beneficiation testing has been included, and results have been generally encouraging. Research continues on the large titaniferous magnetite deposits of Albany County, Wyo. At present high-density titaniferous magnetite is being mined and processed at Iron Mountain for heavy-aggregate and as a sized coating for underwater pipelines. Ample mineral raw materials needed for mining and processing Wyoming iron ores are available. Investments for iron-ore processing plants will generally be large, particularly for taconite and titaniferous magnetite.

Jan 1, 1966

By M Eggers, H Baxter

This paper discusses the geotechnical condition of bedding shears and small- and large-scale faults and shears in Archean banded iron formation (BIF) bedrock, based on observations of core and televiewer images. Information that can be collected includes the orientation of defects, infill thickness, strength and material type, defect shape and surface roughness.The spacing and continuity of bedding shears may be critical to slope design where performance is structurally controlled with bedding dipping out of a wall. The intensity of development of the bedding shear is a useful indicator of the amount of shearing a bedding surface has been subjected to. This can allow for engineering judgement to be used in adopting peak or residual shear strengths along defect surfaces when developing the design.The spacing and continuity of bedding shears may also contribute to the blockiness and degradation of a rock mass where the structural orientation is otherwise favourable. Additionally the condition, thickness and strength of infill of major fault structures can affect slope design and performance, depending on orientation.Comparison of the condition of structures observed in core with the corresponding in situ televiewer image has been made to assess what characteristics are most accurately captured by each technique and whether the additional information gathered from using the televiewer technique is justified by the cost. The question of whether the data collected by a televiewer is sufficient to ultimately replace the need for core is considered.CITATION:Baxter, H and Eggers, M, 2013. Fault and shear characterisation in archean banded iron formation bedrock - a comparison between core and televiewer data collection techniques, in Proceedings Iron Ore 2013 , pp 47-56 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013

By James H. McCutchan

The small and remote mine operators must comply with the Federal Mine Safety and Health Administration regulation requiring them to train and maintain mine rescue teams. The alternative is for the operators to contract with established teams within two hours travel time of their mine. Many of these remote operations are too far away from established teams and have too few employees to make up the necessary teams. Many cannot comply with the regulation either from a manpower or economic standpoint. The Office of Arizona State Mine Inspector, under the direction of the Honorable James H. McCutchan, State Mine Inspector, entered into a contract with the Bureau of Mines to develop the concept of a volunteer mine rescue program. This program with the assistance of the mining industry and volunteer rescue organizations, has planned and instituted a statewide volunteer mine rescue organization. The trained and equipped volunteers are stationed throughout the state and can respond to a mine emergency within the time constraints.

Jan 1, 1984

By B M. Washington, R R. Lovel, G J. Sparrow, M J. Fisher-White

"Work in CSIRO with several Australian ores has shown that?by heating a high-phosphorus goethitic iron ore and then leaching with caustic or acid, the phosphorus levels in the ore can be lowered to a commercially acceptable value of around 0.08 weight per cent phosphorus (P). With increasing heating temperatures up to 1300¦C, the extent of phosphorus removal increased. This is considered to be associated with mineralogical changes in the iron oxide phases in the ore during the heating.Little phosphorus was removed from four high-phosphorus goethitic iron ores containing 0.12 - 0.16 weight per cent P in leaches with boiling water. However, leaches with sulfuric acid removed ten to 20 weight per cent of the phosphorus and leaching with sodium hydroxide removed even more phosphorus to produce leach products containing between 0.08 and 0.12 weight per cent P from three of the ores.After heating at 300¦C, leaches at a low pulp density of 0.5 weight per cent solids with 1 - 5 M NaOH and 0.1 - 1 M H2SO4 gave leach products with 0.06 - 0.09 weight per cent P. The lixiviant concentration required and extent of phosphorus removal depended on the ore. At a higher pulp density of 25 weight per cent solids, leach residues with between 0.07 - 0.14 weight per cent P were obtained.More phosphorus was removed from ores heated at 900¦C. Leaches at both the low and high pulp densities, with 1 - 5 M NaOH and 0.1 - 1 M H2SO4, gave leach products with 0.05 - 0.09 weight per cent P. However, the lowest phosphorus levels were obtained after heating the ores at 1200 or 1300¦C and leaching with 1 M NaOH or 0.1 M H2SO4. Leach residues with 0.02 - 0.06 weight per cent P were obtained, even from leaches at the higher pulp density of 25 weight per cent solids. Leaching tests on heated samples under heap leaching conditions at ambient temperatures have shown that phosphorus levels can be reduced to similar levels to that achieved in an agitation leach within ten days.CITATION:Fisher-White, M J, Lovel, R R, Sparrow, G J and Washington, B M, 2013. Effect of temperature on removal of phosphorus from Australian Goethitic iron ores, in Proceedings Iron Ore 2013, pp 373-380 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Aug 12, 2013

Properties of coal which are significant in relation to preparation for carbonization and conversion are reviewed, and existing coal preparation technology which has been used for production of cleaned coal of suitable ash content and petrographic composition for carbonisation, pyrolysis, hydrogenation and similar processes is described. Possibilities for application of this technology to some Australian coal seams is examined briefly. It is concluded that further survey work is required related to the optimization of selective crushing and concentrating operations, with the aim of maximizing production of quality products for carbonisation, etc mainly from Australian seams with only moderate coking characteristics.

Jan 1, 1980

The Mineralogy and Reactivity of Pyrrhotite from Selected Nickel Ore Deposits and its Effect on Flotation Performance

Sep 13, 2010

By R. M. Goktan

Point-attack picks are one of the most widely used tools for the mechanical excavation of rock and coal. In the literature, some practical formulas have been developed to estimate their performances under varying cutting conditions such as the pick geometry, cutting depth and cutting geometry. In this study, it is shown that Evans?s theoretical model, the most cited in the literature, has serious limitations concerning the changes in the cutting geometry. Analysis of the two independent full-scale linear rock cutting experimental data reveals that both his theory and its recent modification can not fully explain the mechanism of rock breakage under asymmetrical attack. The cutting force predictions made by employing such models are shown to be too significantly weak to be of any service in practice. In this study, a semi-empirical approach was followed by means of which cutting forces under varying cutting geometries could be made. By analysing the full-scale rock cutting test data, prediction equations of the peak cutting force and mean cutting force have been developed. Comparisons of laboratory determined and predicted force values indicate that the suggested prediction equations are applicable to quite different rock materialsm which have uniaxial compressive strength in the range of about 30?170MPa, and valid for different cutting geometries. It is also shown by regression analysis that the established prediction equations are statistically significant.

Jan 1, 2005

Jan 1, 1964

By Vladimir Admek, Paul W. Jeran, Michael A. Trevits

It has' been found that lithological conditions over the Pittsburgh Coal bed cause the subsidence coefficient to vary within the area of the subsidence trough. This precludes the use of European developed predictive models, which are based upon a constant subsidence coefficient. Regression analysis of the distribution of subsidence coefficients from 11 Bureau of Mines, U.S. Department of the Interior, longwall panel studies on the location relative to the edge of the panel has yielded a third degree polynomial equation. This equation has been incorporated into a BASIC computer program for use on a personal computer that allows users with no previous knowledge of the theory of subsidence to predict vertical movements over typical longwall panels in the Northern Appa1achian Coal Basin.

Jan 1, 1986

By James R. Coldwell

Mining and processing cost analyses were conducted by the U.S. Bureau of Mines on massive sulfide copper-zinc and low sulfide vein gold deposit types that may be found in the Ketchikan Mining District. Reserves and recoverable metal values (RMV) needed to make these deposits economically viable were modeled. Methods for estimating ore grades and required RMV are presented. Economic modeling for massive sulfide deposits indicated the RMV necessary for a 15% Discounted Cash-Flow Rate-Of-Return (DCFROR) for an underground cut-and-fill mine ranged from $137/mt for a 6,100 mtpd on-site milling operation to $526/mt for a 450 mtpd off-site milling operation. On-site milling was always less costly than off-site milling. Economic modeling for low sulfide vein gold deposits indicated the RMV necessary for a 15% DCFROR for an open-pit mine, off-site mining operation ranged from $S4/mt at 2,900 mtpd to $71/mt at 360 mtpd, and from $49/mt at 2,900 mtpd to $100/mt at 360 mtpd for an on-site milling operation. Off-site milling was less costly than on-site milling until production exceeded approximately 1,700 mtpd. Then, economies of scale reduced operating costs enough to offset the higher capital costs required for on-site milling.

Jan 1, 1995

By Hamid-Reza Manouchehri

Mining & Sustainability? A Paradox?! ? Production: gradually or exponentially increasing (giant mining) ? Ore Grades: gradually declining, ? Open Cut Mining: now widespread, likely to be sustained in the future though the long-term is hard to predict as new mineral deposits are likely to be deeper ? Waste Rock / Overburden: increasing rapidly, likely to be sustained in the future and closely linked to open cut mining, especially for coal and base metals ? Economic Resources: commonly increasing but some remain stable or gradually declining, future is linked closely to exploration, technology and economics; Increasing population, changing life style and technology development, ultimately result in sustainability in mining industry to hang in the balance and continue.

May 1, 2013

Wetting Characteristics of Mineral Surfaces - Contact Angle Measurements through Molecular Dynamics Simulations

Sep 13, 2010

By D N. B Skinner, R L. Brathwaite, M S. Rattenbury

The Institute of Geological and Nuclear Sciences Ltd has carried out a mineral resource assessment of the Coromandel region, one of the most mineral-rich regions of New Zealand. The assessment focussed on metallic minerals and clays, because these are the main commodities that have potential for increased production and export from the region (and from New Zealand).   Three steps were used in the assessment: 1) development of mineral deposit models, 2) comparison of the models with regional geology, structure, geochemistry and past mineral production to estimate the number of undiscovered mineral deposits, and 3) application of grade-tonnage models to determine the quantity and value of the known and undiscovered resources. In step 1, descriptive and grade-tonnage mineral deposit models were developed for 11 different types of mineral deposits: ò     Low-sulphidation andesite-hosted epithermal Au-Ag ò     Low-sulphidation rhyolite-hosted epithermal Au-Ag ò     High-sulphidation quartz-alunite epithermal Au ò     Porphyry Cu-Au-Mo ò     Andesite-hosted polymetallic veins adjacent to mineralised porphyry stocks ò     Zn-Pb-Ag skarn ò     Cu-Ag skarn ò     Hot spring Hg ò     Shoreline placer Ti ò     Rhyolite-hosted halloysite clay ò     Volcanic-related kaolinite clay   Step 2 was aided by a geographic information system (GIS) assembled from a number of digital spatial data sets including: a digital elevation model, an aeromagnetic map (from open file mining company data), a geological map (from the GNS QMAP project), location of areas of hydrothermal alteration, locations of mineral deposits (from the GERM database), stream sediment geochemical analyses (from the REGCHEM database), and a lineament map derived from satellite remote sensing data and the digital elevation model.   Based on May 2001 commodity prices, potential resources estimated for the 11 mineral deposit and grade-tonnage models total NZ$22 806 million for the metallic minerals, NZ$1000 million for halloysite clay deposits and NZ$57 million for kaolinite clay deposits.

Jan 1, 2001

By Patrice Favreau

In 1990 the Noranda Technology Centre commenced a project to develop an interactive three-dimensional blast design system using a commerical computer-aided drafting and design package (CADD). The objective was to alleviate the blast engineer from the tedious and time consuming blast layout and design functions normally done by hand. This would allow more time for optimizing blast designs through assessing multiple options. Since several blast design software "tools" already existed at Noranda, the need arose to integrate all the applications into one overall system that shared one common database. The result is BLASTCAD.

Jan 1, 1992

By R. L. Grayson, G. Mishra

Introduction Many old underground mines have been developed extensively into reserves requiring large numbers of workers to maintain and rehabilitate lengthy track haulages and/or belt conveyor systems. Often, large numbers of fans are required to maintain minimal airflows in areas where poor conditions and huge leakages prevail. Problems that beset one such coal mine and projects undertaken to restore it to potential profitability are presented. Brief history The Vesta No. 5 mine was opened in 1908. Drift development began near the Monongahela River, which was the primary avenue for shipping metallurgical coal to coke ovens in Pittsburgh. Over the ensuing 75 years, the main haulage entries were developed a distance of 16.1 km (10 miles) to the present mining area. Track haulage was used to transport coal from working sections to the river loading facility. As haulage distance and areas of high water influx increased, management decided, in 1973, to construct an underground conveyor belt system. The project spanned 36 months and culminated in a system of 22 flights, ranging from 205.7 to 1767.8 m (675 to 5800 ft) long. Six intake and eight return entries were developed as the mains were advanced. These entries provided adequate ventilating capacity over the years, but as extensive gob areas progressed and roof conditions deteriorated, the entries became inaccessible and more resistant to airflow. By 1981, five fans were being used to circulate 943.9 m3/s (555.5 cfm) of air through the mine. An average of 6440 t (7100 st) were produced from 20.8 continuous miner unit shifts and 2.7 longwall unit shifts each day in 1981. The ratio of support to production personnel was 1.94. To maintain the outby 16.1 km (10 miles) of haulage, 110 personnel were used. The average cost per ton was $43.54 ($39.58 per st), resulting in excessive bottom-line losses. The mine possessed a rather promising reserve, mostly in lease, of good quality, medium-sulfur metallurgical coal, but it also had a number of formidable operating problems. Operating problems Contributing factors toward relatively low productivity and high costs were the conditions of the track haulage, conveyor, and ventilation systems. Productivity was affected greatly by downtime associated with the conveyor system, which lacked adequate access for making splices or other repairs. Many areas within the conveyor belt entry itself required more

Jan 3, 1987

By P. James

"INTRODUCTION High sulfate (SO4-2) levels often occur in MIW (mining influenced water) either as the result of oxidation of sulfide minerals exposed by mining activity or by deliberate addition – commonly by sulfuric acid (H2SO4) use in hydrometallurgical leaching activities. Increasing regulation of sulfate discharge is creating new pressure to treat or mitigate sulfate release to prevent its entry into the environment. Current treatments include precipitating as gypsum during lime treatment, filtration separation using membranes such as reverse osmosis and nanofiltration technology, and biological elimination via methods like constructed bioreactors. Blue Planet Strategies (BPS) focuses on improved resource utilization targeting electrolytic treatment and waste conversion into resources and has now demonstrated that its proprietary DEMET™ (Dynamic Electrolytic Metal Effluent Treatment) platform can also remove sulfate from target streams as a byproduct of its usual primary treatment focus points of metal species elimination and/or pH adjustment.[1-6] This powerful new capability can mitigate sulfate contamination and recover the sulfate in a useful and potentially saleable form as a byproduct of improved primary treatments focused on enhancing production or treating waste. This provides a new treatment opportunity and value proposition for lowering overall sulfate consumption/addition or creating new revenue to defray conventional treatment costs. The DEMET Alternative DEMET utilizes a patented electrolytic technology platform employing proprietary dynamic high surface area electrodes in innovative configurations to achieve a variety of novel selective chemistries. DEMET‘s unique elements can yield higher processing rates at practical efficiencies, lower energy consumption, plus improved processing stability and lower maintenance requirements due to enhanced resistance to cell fouling and shorting; while also thwarting cross stream (catholyte vs. anolyte) contamination. Consequently, DEMET can provide a superior, extremely versatile, and cost-effective electrolytic treatment option where a multitude of FEED and PRODUCT stream combinations might be employed in comparison to traditional tankhouse electrolytic cells. Secondary reactions (Figure 1A) which could also occur at the cathode (plating/electrowinning, precipitation/scale formation, etc.) are controlled through process tailoring and operation parameter selection. Additionally, DEMET‘s innovative dynamic system mitigates potential fouling and electrode occlusion or shorting challenges which could occur when process particulars demand some of these secondary side reactions occur."

Jan 1, 2015

By M. Abzalov

"Control of analytical data quality is usually referred to in the mining industry as Quality Assurance and Quality Control (QAQC), and involves the monitoring of sample quality and quantification of analytical accuracy and precision. QAQC procedures normally involve using sample duplicates and specially prepared standards whose grade is known. Numerous case studies indicate that reliable control of sample precision is achieved by using approximately 5% to 10% of field duplicates and 3% to 5% of pulp duplicates. These duplicate samples should be prepared and analyzed in the primary laboratory.Bias in the analytical results can be identified by inclusion of 3% to 5% of the standard in each sample batch. Several different standards are used, with values spanning the practical range of grades in the actual samples. A blank (a sample in which the concentration of metal of interest is below detection limit) should also be included. Standard samples alone cannot identify biases introduced during sample preparation, and therefore approximately 5% of the duplicate samples (coarse rejects and pulp) should be processed and assayed at another, external, reputable laboratory.This paper discusses techniques used for estimation of errors in precision and accuracy, and overviews diagnostic tools. It is shown that one of the most commonly used methods, the Thompson-Howarth technique, produces consistently lower results than other methods. These results reflect the nature of this method, which relies on the assumption of a normally distributed error, and thus produces biased results when errors have a skewed distribution. This study concurs with the suggestion of Stanley and Lawie (2007: Exploration and Mining Geology, v. 16, p. 265-274) to use the average coefficient of variation (CVAVR(%)) as the universal measure of relative precision error in mine geology applications: Le contrôle de la qualité des données analytiques est habituellement désigné sous l’appellation d’Assurance et Contrôle de la Qualité (ACQ), elle implique le suivi de la qualité des échan¬tillons et la quantification de la reproductibilité et la précision analytiques. Les procédures des pro¬grammes d’ACQ impliquent habituellement l’usage de duplicata et de standards analytiques dont la teneur est connue. Plusieurs études de cas indiquent qu’une bonne fiabilité du contrôle de la précision des échantillons est atteinte par l’usage de 5% à 10% de doublons sur le terrain et de 3% à 5% de doublons de pulpe. Ces duplicata devraient être préparés et analysés au laboratoire principal.Un biais des résultats analytiques peut être identifié par l’inclusion de 3% à 5% d’échantillons standard dans chaque envoi d’échantillons. Plusieurs standards sont utilisés, avec des valeurs couvrant l’étendue des teneurs habituellement rencontrées dans des échantillons réels. Un blanc (un échantillon dans lequel la concentration d’un métal donné est sous la limite de détection) devrait aussi être inclus. L’emploi exclusif d’échantillons standards ne permet pas l’identification de biais résultant de la préparation des échantillons, de telle sorte qu’environ 5% des duplicata (rejets grossiers et pulpes) devrait être traités a un autre laboratoire indépendant et fiable.Cet article passe en revue les techniques utilisées pour évaluer l’erreur liée à la précision et a la reproductibilité, et effectue aussi un survol de divers outils diagnostiques. Il ressort de cet examen qu’une des techniques les plus fréquemment utilisées, la méthode Thompson-Howarth, fournit des estimés systémati¬quement inférieurs à ceux provenant des autres méthodes. Ces résultats sont un reflet de la nature de cette méthode, laquelle assume une distribution normale de l’erreur, biaisant ainsi les résultats lorsque l’erreur présente une distribution asymétrique. La présente étude recommande de privilégier l’usage du coefficient moyen de variation (CVAVR(%)) en tant que mesure universelle de la précision relative de l’erreu"

Jan 1, 2008

By André de Jager, Henk Ludik

Navachab Mine experiences difficulties with pit wall stability in certain areas of the mine. The main reason for the instability is the fact that the geology comprises many joints and faults. Blasting, without impacting negatively on the stability of the pit walls, poses a major challenge. The mine has installed a technologically advanced seismic monitoring system with monitoring sensors positioned at various locations and depths throughout the pit. The electronic data recording system records all relevant information on a continuous basis with early warning signals in cases of potential danger. From the information recorded by this micro-seismic system it was established that the energy release into the high-wall is predominantly influenced by the mining rate, water content and mining tempo and to a lesser extent by the blasting operations. To limit the negative effects of blast vibrations, the use of Electronic Delay Detonators (EDDs) was introduced. The optimal delays were determined through signature trace analysis. The vibrations obtained during blasts initiated by means of electronic delay detonators were monitored and compared to those traditionally obtained when standard pyrotechnic delay detonators had been used. The measured vibration data indicated an improvement of 25% to 100% drop in vibration amplitude compared. The accuracy and programmability of EDDs presented huge potential for blast optimization in terms of limiting the vibrations without compromising fragmentation. The whole project was conducted over a twelve week period with some 4000 EDDs. The average size of a blast was in the order of 350 holes using about 40kg explosives per hole, which equates to 14,000 kg explosives over 12 different blasts. The paper deals in detail with the blast optimization process with regard to: - determining the rock response time; - establishing the signature traces; - analyzing the wave interference patterns; - predicting the direction of constructive and destructive wave interferences; - optimizing of the inter-hole and inter-row delay periods; - measuring the ground vibrations. The results obtained during electronic blasting are compared to those obtained during pyrotechnic blasting. Comparisons are being made with regard to the following: - ground vibration measurements; - pit wall stability measurements; - blast safety.

Jan 1, 2006