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By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments.A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including reasonable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects."

Jan 1, 1990

By Robert B. Parsons

"While it might seem like heresy to suggest that ""taxation"" can be a source of financing, never the less some generous tax rules can considerably enhance the tax savings pertaining to a particular expenditure or project. A basic tax knowledge, and careful tax planning, can optimize government participation in a project. INTRODUCTIONIn trying to identify sources of financing for a project, ""government"" as a source of funding is normally thought of in terms of government grants, loan guarantees, interest rate buy downs, property tax waivers, hydro subsidies, and so on. Generally, such concessions are somewhat difficult to obtain, especially in the current period of apparent fiscal restraint. One source of government funding which should not be overlooked is the income tax regime, and, at the provincial level, the various provincial mining tax regimes.While the taxpayer would not normally view a tax system as a potential source of government financing, nevertheless various federal and provincial rules applicable to the mining industry can offer attractive tax deductions - and tax savings - with respect to particular expenditures. In fact, it is not unusual for a civil servant to refer to a tax deduction as a tax ""subsidy"". For example, in the right circumstances, the cost of a smelter expansion in New Brunswick would cost the operator only 31 cents on the dollar, with the federal and provincial governments paying for the other 69 cents by foregoing tax revenues (Table I). In a sense, such tax savings could be compared to a government grant equal to 69% of project costs. Of course, not every project expenditure will generate that degree of government funding. The fact of the matter is that the percentages of tax savings attached to different expenditures cover a wide range, depending on a complex mix of factors. The point to understand is that the tax rules can offer some valuable savings, even after tax reform, and that a basic knowledge of the tax rules can yield some fruitful rewards."

Jan 1, 1989

By Matthew Violot

Vale Canada?s Birchtree Mine, located in Thompson Manitoba, has been experiencing problems with hanging wall / footwall dilution, as well as sloughing off of adjacent stopes and temporary stope block backs. Birchtree Mine is interested in determining how time affects the stability of their open stope blocks. Many factors simultaneously influence open stope stability (rock mass quality, joint condition, stress condition). This makes it challenging to determine the influence of a single parameter such as exposure time or stand-up time. This study focuses on determining the effect of exposure time on open stope dilution and combines stress analysis and empirical based approaches.

Jun 1, 2012

By P. Radziszewski

Industrial practice in mineral processing shows that an important problem in understanding and monitoring in-mill parameters is due to the lack of fundamental knowledge and appropriate sensors. With the development and growing use of DEM charge motion simulators for mill optimisation and design, it is possible to describe the fundamentals of grinding mill behaviour, in improving the understanding of internal grinding mill dynamics and in developing solutions to industrial practice. The main challenge to bringing this DEM technology to the mill operator however was the need for substantial computing power and time. However, what about a simplified DEM charge motion model running in real-time? What about the use of sensor technologies to correct any possible drift in simulator prediction? Could such a technological system be used to predict mill performance and eventually be used for mill control and optimisation? Some of these questions are answered with the development of an "on-line" DEM charge motion simulator package (SAGTools?) along with that of a number of sensor technologies (liner wear, acoustic, instrumented ball) that can contribute to simulator precision. With the objective of bringing this modelling and sensor technology into the concentrator control room to assist operators, this paper aims to describe the main elements of this emerging and developing technology and discuss how it can lead to online mill performance prediction and eventual control.

Jan 1, 2007

The morphology of environmentally assisted cracks in stressed pipeline steel has been investigated, For a dilute and neutral solution (NS4) simulating ground water in contact with the steel, semi-elliptical cracks grow faster on the surface (2c) than in the depth (a), hence, the aspect ratio (a/c) decreases, This is explained using a deterministic concept since corrosion is dominant and the primary constraint is the conservation of charge, By contrast, when mechanistic conditions prevail, significant growth occurs in the depth, When underloads are imposed in the loading history, temporary accelerations in crack growth occur because corrosion rather than mechanical effects become dominant.

Jan 1, 2005

By K. Bunney, R. Pleysier

The deportment of a suite of elements through representative gold ore processing unit operations in cyanidation has been investigated. Chromium and lead are not soluble in alkaline cyanide solutions. Arsenic, antimony, cobalt, molybdenum, selenium, tellurium and vanadium are soluble, but typically do not adsorb onto activated carbon to any appreciable extent. Silver, copper, cadmium, mercury, nickel and zinc to varying extents report along with the gold to the carbon eluate. Cadmium, mercury and zinc can report to the carbon regeneration kiln off-gases. Strontium is soluble and adsorbs on carbon where it remgins.

Jan 1, 2011

By Robert B. Parsons

"The customary onslaught of government budgets this spring offers lots of interesting reading to the mining industry.While the favourable changes tend to get all the fanfare, there are some ""sleepers"" in the host of proposed changes which will be bitter pills for some mining people to swallow.IntroductionOn a scale of one to ten, the Canadian mining industry will probably give this year's federal and provincial budgets a score that is pretty close to five. Although some budgetary proposals are generally perceived to be favourable to the industry, there are other provisions (and lack of provisions) which are considered to be negative.This month, Tax Notes examines in a summary manner the principal features of the 1985 federal and provincial budgets which are of particular interest to this country's mineral industry."

Jan 1, 1985

By D. Letzig

Wrought magnesium alloys are of special interest as lightweight structural components as a result of their more homogeneous microstructures and improved mechanical properties compared to cast components. Extrusion as a shaping technology offers the possibility to produce a wide variety of magnesium alloy profiles. In this contribution we describe the role of extrusion parameters such as extrusion speed, ratio and temperature as well as the type of extrusion process on the microstructural development of AZ-series magnesium alloys and the resulting mechanical properties. The effect of microstructure on the tensile/compression deformation behavior of the alloys has also been investigated. Aspects of process optimization designed to overcome technical and economic limitations and thus establish magnesium alloy profiles for industrial applications will also be discussed.

Jan 1, 2006

Caterpillar Inc The world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Technology leader in logistics, construction, transportation, mining, forestry, energy and electric power generation.

Aug 1, 2013

By C. Díaz, A. D. Dalvi, C. E. O'Neill

Roast-reduction smelting (RRS) of nickel concentrate, combined with flash smelting of copper concentrate, was one of the process options that Inco considered as a means of meeting its 1994 sulphur dioxide abatement target at its Copper Cliff operations. RRS involves deep roasting the nickel concentrate in fluid bed roasters. The roaster off-gas is treated in a sulphuric acid plant, and the low sulphur calcine is reduction smelted with coke in an electric furnace to yield a sulphur- deficient matte. The latter material is converted to Bessemer matte in Peirce-Smith converters, with minimal evolution of sulphur dioxide, and the converter slag is reverted to the electric furnace. Excellent nickel and cobalt recoveries (Ire obtained. This paper discusses the development of RRS, including extensive commercial scale testing at Inco's Thompson Smelter, and its key operating parameters.

Jan 1, 1994

By D. Moffat

Rio Algom Limited has mined uranium at Elliot Lake, Ontario for 20 years. The production of this energy-generating element results in the need to dispose of low-level radioactive solid wastes and liquid effluents. Because of the wet-temperate climate at Elliot Lake, the liquid effluents are of particular importance. Radium-226 is the isotope which requires most attention, and the current practice for its control is by addition of barium chloride and retention of the resultant precipitates in large settling ponds. Analyses of typical effluents and waste streams are discussed and typical levels of radium-226, thorium-230, thorium-232, thorium-228, lead-2iO, polonium-2iO, and uranium isotopes are presented.

Jan 1, 1979

By John Smith

"The RTZ Corporation PLCFrom a company's point-of-view, a good investment decision is one which results in the purchase of an asset that is worth more than it costs. Thus, in order to judge the merit of an investment opportunity, it is necessary to estimate the value of the assets to be acquired.Discounted cash flow (DCF) analysis has become widely adopted by companies in assessing potential new investments. The principle is a simple one: invest in projects which have a positive net present value, and reject those which do not. However, perhaps because of its apparent simplicity, DCF analysis is frequently misused. Good practice in the use of the technique is discussed, together with several common misconceptions.Sound analysis requires sound data; thus, the valuation process relies heavily upon a wide range of specialists to provide the basic input from which cash flow forecasts can be built up. The analyst must maintain close liaison with these specialists from the outset in order to ensure that the data provided is indeed relevant and complete.IntroductionBefore turning to the main subject of this paper ""How Companies Value Properties"", it is of interest to consider first a slightly different question ""Why do Companies value Properties""? In other words, for what purposes are such valuations prepared? Certainly the commonest, and probably the most important circumstance in which a valuation is required is when the company is considering an investment opportunity. This may be the direct purchase of a property or group of properties from a third party, but could also be the opportunity to develop a new operation or expand an existing one.A very simple objective in making any kind of investment is to make our shareholders richer than they would otherwise have been. That is, to make investments whose value to shareholders exceeds the consideration required to acquire them. Thus the investment decision focusses on the difference between an asset's value and its cost.This distinction between ""value"" and ""cost"" is an important one. Study of a company's balance sheet may tell a lot about the cost of this company's assets, but very little about their value. Then again, it is sometimes argued that a business should be bought because this will result in assets being acquired for less than their replacement cost. This merely compares one cost with another, it says nothing about value."

Jan 1, 1991

By James J. Scott

"In the two years since their introduction, Friction Rock Stabilizershave replaced40 per cent of the previously used fixtures in the metal and non-metal mines in the United States. The Friction Rock Stabilizer, or ""Split Set "" , is a mechanical rock stabilizing system which uses friction to prevent rock movement . The Split Set is a tapered, rolled, steel tube that is slotted along its length. As it is driven into a drilled hole smaller than its diameter, it compresses, pre-loading the surrounding rock. This paper discusses the uses and acceptance of the friction rock stabilizer in mines in the United States. IntroductionFriction Rock Stabilizers, commonly called Split Set™· Stabilizers, have been under development by the author and Ingersoll-Rand Company since early 1973. Five years of intensive laboratory and field testing led to their introduction to the metal mines in the United States in the fall of 1976. Actual sales started in February of 1977and, to date, over five million units have been marketed to metal mines. The present rate of usage is near 3 V2 million units per year, which is approximately 50070 of all roof fixtures used in the United States metal mining industry,Richard Hoppe, senior editor of Engineering & Mining Journal. , in an article in the February 1979 issue entitled ""Winning the Battle Against Bad Ground"", said: ""In hardrock mining operations in the western U.S., particularly underground uranium mines where exceedingly difficult ground is common, no roof support system has been accepted more quickly than the Split Set friction bolt invented by Dr. James J . Scott and developed by Ingersoll-Rand Co."" This paper describes how Friction Rock Stabilizers function and presents technical data to show the uniqueness of such systems."

Jan 1, 1980

By Mario Giavani

"IntroductionBy the 1980s, the continuous casting process had almost replaced the ingot casting of steel in Japan, Europe and North America. While economic benefits were probably initially the prime motivator, the transition rapidly proved that continuous casting in conjunction with ladle metallurgy offered a much greater degree of process control and made possible routine steel specifications not previously available.This new technology demanded improved procedures for the quantitative addition of the required metallurgical reagents, especially as regards the more volatile or toxic elements such as calcium , boron, carbon, sulphur, lead and tellurium. The injection of a thin steel tube containing the additive into the metal bath of a ladle refining station offers the best procedure for this. In the industry this has been referred to as ""Cored Wire "".Operators using this technology find that they are faced with balancing the injection speed against the small cross section of the tube to feed the required amount of reagent within the short time span available to the operation. Large-ladle shops requiring major quantities usually resort to multiple machines and high speeds. Many machines approach a maximum feed rate of 400 m/min. Higher speeds exceed the melting rate of the system, and the ferro static buoyancy of the tube will cause it to coil up the ladle wall and possibly resurface into the slag layer, and even eject itself above the surface. Under these conditions, exact control of element recovery becomes difficult, especially with the commonest addition, calcium silicon alloy.Many experts are persuaded that the final melting position of the carrier tube has major importance in establishing consistent element yield to the bath.For instance, the vapour pressure of calcium at l500 °C is close to I bar. Reaching a melting depth sufficient to accommodate this value is considered to be critical to achieving an acceptable and reproducible yield.Many studies have elaborated semi-empirical formulae to establish the melt zone depth, connecting this value essentially to the diameter of the tube , the injection rate and the superheat of the steel. The author's experience in steelmaking could not confirm such formulae in many cases, and he set about to develop a mathematical model which would be useful in addressing this problem, taking into account the several parameters which will regulate the behaviour of a filled tube immersed in molten steel."

Jan 1, 1991

By Bo-Hyun Kim

Outline ? Strainburst criteria and hypotheses adapted for this study. ? Influence of excavation method on rock mass properties. ? Excavation disturbance factors vs. deformation modulus, etc. ? Estimation of blasting damage zone around excavation. ? Considerations of energy on burst-prone ground. ? Literature review & closed form solution. ? Numerical simulations. ? Summary and future works.

Oct 1, 2010

By G. J. Desroches

"In order to improve zinc plant productivity, areas of low efficiency were identified. As a result, solution purification was improved, additional dust precipitator capacity was made available and a new zinc casting plant was installed. The effects of these and other changes are discussed and the expenditure and benefits reviewed. HistoryThe operation of the Flin Flon metallurgical complex including an electrolytic zinc plant commenced in October 1930. The design of the zinc plant was based on that of the Commonwealth Mining and Smelting Company at Trail, British Columbia, the Anaconda Great Falls Montana Plant and the Electrolytic Zinc Company plant at Risdon, Tasmania.The plant began with a design capacity of 60 tons per day and currently produces 255 tons per day. Since plant start-up, approximately 3.5 million ton s of zinc metal have been produced, most of it exceeding special high-grade specifications.IntroductionThe facility incorporates the basic process steps of roasting, leaching, purification, electrowinning and casting. Figure I details the flowsheet. During the late 1970s, management recognized that in order for the zinc plant to continue operating, it was necessary to introduce cost-effective practices.Study groups, consisting of design engineers and operations personnel, were formed to investigate the details of plant revisions.The objectives were to improve productivity by reducing manual labour, reducing energy usage, increasing zinc recovery, increasing metal output and reducing costs.This paper details the changes made during the period 1979to 1986 and shows how these changes have affected the productivity and economics of the zinc plant operation."

Jan 1, 1988

By A. Dahi Taleghani, A. Shojaei

Continuum damage mechanics (CDM) of rocks is studied together with their elastic and plastic behaviors to develop simulation tools for hydraulic fracturing jobs in naturally fractured formations. The model is constituted based upon pressure sensitive inelastic deformation of porous rocks and their damage mechanisms in the cases of drained and undrained conditions. The CDM model is formulated within Fracture mechanics framework. The performance of the developed elastoplastic and CDM models are compared with the available test data of a specific shale play. The hydraulic fractures growth in the reservoir scale is then simulated; in which the effect of fluid viscosity, natural fractures characteristics and differential stresses on induced fracture network is studied. The simulation results are compared with the available solutions in the literature. The developed CDM model outperforms the traditional fracture mechanics approaches by removing stress singularities at the fracture tips and simulation of progressive fractures without any essential need for remeshing.

Jan 1, 2015

By F. A. Charalambous

Brannerite is commonly referred to as a refractory uranium mineral as it is usually highly resistant to acid leaching. There is however widely varying literature data on brannerite leaching, with some studies reporting that brannerite leaching can be achieved under relatively mild conditions. The differences observed for brannerite leaching are most likely due to the high degree of variation in the composition and structure observed in natural brannerites. These aspects of brannerite chemistry however are not very well understood due to a lack of fundamental research. The aims of this study were to investigate and develop methods for synthesising brannerites of varying composition and to investigate the effects of composition on brannerite leaching in acidic conditions.

Aug 1, 2010

By F. L. Pellet, S. Maiolino

"The determination of rock bolt contribution to reinforced joint shear strength is still a challenge, especially for assessing reinforced rock mass stability. For this purpose, several experimental studies have been performed during the last decades, mostly on small scale rock joint and bolt specimens. However, to accurately assess the rock bolt contribution, scale effect has to be accounted for. For this reason full scale lab tests are required as an alternative to in situ tests for which boundary conditions are more difficult to control.In this paper the results of an experimental program carried out with a large shear box, dedicated to test bolts in full scale conditions is presented. Different rock bolt diameters and different rock bolts inclination with respect to the shear plane were tested Experimental results were satisfactorily compared with an analytical model which is able to compute the contribution of the rock bolt to the shear strength of the joint as well the associated displacement of the joint. These conclusions allows us to validate the model in order to help the designer of reinforced rock engineering structures, such as slope or underground openings, to precise the optimum installation of rock bolts. INTRODUCTIONFully grouted rock bolts are commonly used for rock masses reinforcement to ensure the stability of rock slopes and underground cavities. For this purpose, the determination of rock bolt contribution to reinforced joint shear strength is of the utmost importance. During the last decades, several experimental studies have been performed to investigate the behavior of bolted rock joint. For obvious reasons, almost all the experiments were achieved on small scale bolted rock joint specimens (Bjurström, 1974; Azuar, 1977; Dight, 1983; Egger & Fernandes, 1983; Schubert, 1984; Spang & Egger, 1990; Egger & Zabuski, 1991). These studies made it possible to assess the influence of different parameters such as the bolt’s diameter, the number of bolts, the angle between the bolt and the joint, the nature of the rock, the friction and the dilatation angle of the joint. However, to accurately assess the rock bolt contribution, scale effect has to be accounted for (Vallier et al., 2010). For this reason full scale lab tests have been performed as an alternative to in situ test for which boundary conditions are more difficult to control."

Jan 1, 2015

By Robert B. Parsons

"Several recent cases indicate that the Courts may be leaning toward a more favourable treatment of mine closing and related costs. In this article, we look at two recent cases, Burnco Industries Ltd. and Nomad Sand & Gravel Ltd. The former was heard before the Federal Court - Trial Division and the latter before the Tax Review Board.It appears that in certain situations mining companies may now be able to sustain current deductibility of estimated mine closing costs during the productive years of the mine, rather than waiting until either the date on which mining ceases or the reclamation and similar activities commence. This would be of great benefit to the mining industry, as waiting until the bitter end often means that there are no revenues available against which the expenses may be offset and, hence, no tax relief.IntroductionUnder the Income Tax Act in Canada, taxpayers are not permitted any deductions in respect of an outlay or expense in determining income from a business or property, except to the extent that such expenditures are made or incurred by the taxpayer for the purpose of gaining or producing income. In addition, no deductions are permitted for amounts transferred or credited to a reserve, contingent account or sinking fund except as expressly permitted by the Act.In large measure, these provisions are relevant to the mining industry to the extent that they determine the periods during which expenses may be charged against revenues for income tax purposes. Several recent cases have indicated that the Courts are leaning toward a more favourable treatment of accrued costs in the mining industry than was previously considered to be the case."

Jan 1, 1982