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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 Donald P. Moore

During April 1967 a Frasch sulfur mine was placed in operation near Fort Stockton, Pecos County, in West Texas. This was the first Frasch mine to recover native sulfur from a deposit not associated with the caprock of a salt dome. Since 1967 two additional mines have been opened in west Texas, another one near the first at Fort Stockton and a third one near Orla in Culberson County (Figure 2). Recoverable reserves at the Culberson County mine are estimated to be 57,000,000 long tons of native sulfur (Zimmerman and Thomas, 1969). Total recoverable reserves at the three mines probably exceed 60,000,000 long tons, Studies of the geochemical cycle of native sulfur mineralization in test Texas indicate an origin similar to the deposits on salt domes although the geologic framework is different. A comparison of the geologic setting of the west Texas deposits with the deposits in the Union of Soviet Socialist Republics as reported in the literature, reveals many similarities. ACKNOWLEDGEMENTS The writer wishes to express his appreciation to Cities Service Minerals Corporation for support throughout this study. Special thanks are due Dr. Chris Riecken and Mr. Dave Hardy for their

Jan 1, 1971

By Robert B. Scott

The Dents Run Demonstration Project near Morgantown, West Virginia, was a cooperative venture involving the U.S. Environmental Protection Agency (EPA), the Water Resources Division (WRD)(1) of the West Virginia Department of Natural Resources (DNR), and the Christopher Division of the Consolidation Coal Company (CONSOL). The object of this project was to demonstrate pollution control methods and to clean up a 37.8 sq km (14.6 sq mi) watershed severely polluted by coal mine drainage. A study entitled, "Water Infiltration Control to Achieve Mine Water Pollution Control" (EPA-R-2-73-142),(2) was conducted by the Cyrus Wm. Rico Division of NUS Corporation for the grantee to determine the feasibility of utilizing remedial techniques to improve the Dents Run water¬shed. This study showed that the Dents Run watershed was discharging as much as 6,870 kg/day (15,100 lb/day) of acid; 1620 kg/day (3,560 lb/day) of iron 17,250 kg/day (38,000 lb/day) of sulfates; and 29,500 kg/day (64,900 lb/day) of total dissolved solids into the Monongahela River near Morgantown, West Virginia. This pollution was caused by the combination of borehole pump discharges from active underground mines, runoff from abandoned strip mines, and runoff from refuse dumps.

Jan 1, 1977

By Richard J. Lundin

Literature research is an inexpensive, yet effective tool for the direct discovery of ore deposits. Case studies abundantly demonstrate that properties with viable mineralization and *proven reserves have been overlooked, forgotten. or ignored and can be rediscovered by inexpensive literature search techniques Areal studies s as WaIlaby Enterprises Mining District Data Base Program appear to be more effective than traditional commodity studies. The success of such studies depends on the inclusion of Mineral Clairant Questionnaire Data, Mineral Ownership Data, Field Examination Data and the continual updating of all information. Such studies are valuable for proposed or existing Wilderness Area Evaluations.

Jan 1, 1977

By C. H. Stephenson, M. Du Preez

Overland belt conveyors often use vertically guided counterweight take-ups or horizontally tensioned carriages to maintain belt tension. In the event of belt or wire rope failure, these systems can release significant stored energy, creating high-impact forces that risk structural damage and personnel injury. This paper reviews current safety arresting technologies and presents a calculation methodology for estimating impact velocity, energy absorption requirements, and stroke limitations. Worked examples illustrate the selection process for appropriate arrestor types under different design constraints. The study emphasizes early integration of safety devices to minimize structural loads, avoid costly retrofits, and enhance operational reliability. Implementing robust arrestor systems improves safety and reduces downtime in bulk material handling environments.

Feb 22, 2026

By M. Z. Rashad

The purpose of this work is to determine the influence of sample length or size on the value of variance (Semi-variogram) to select the suitable length that is required to the geostatistical computations of ore evaluation. Three cases in Ghorabi Iron Ore were studied. The first one was on the iron fraction (Fe\) at which the semi-variogram gave an evidence to good continuity of the fraction in the ore. In this case, the length of sample has not important influence. The second case was for the Mn\ component of the same area where the semi-variogram has a nugget effect. The selected length for this case was 4 meters. The Cl fraction of the ore was the third case where the anisotropic phenomena was appeared and the suitable length is 3 meters.

Jan 1, 1992

By J. Villeneuve

Steady-state simulation has proved to be a very useful aid in designing new plants and optimizing existing ones. The algorithms and data definitions of existing simulators often, however, require a great deal of expertise for implementing a simulation-based methodology. The constraints imposed by conventional simulators are explained and the advantages of a new algorithm, the Objective-Driven Simulation, are shown. These advantages are a) an improvement in the simulation results, which enables simplifications of the methodologies used, and b) the possibility of taking into account economic objectives for plant operation, thus extending the range of application of steady-state simulation.

Jan 1, 1992

By W. L. Price

Since first introduced in the United States in 1964, rail mounted bucket wheel stacker-reclaimers have gained wide acceptance by users. The coal burning power plant group has adopted this new storage tool most quickly. The actual history is traced in this area in some detail. Installations in phosphate and steel mill ore storage and a listing of present users are included.

Jan 1, 1969

By Mark H. Johns

Leaching of waste material at Kennecott's Chino Mines Division at Santa Rita, New Mexico, has been accompanied by increasing difficulty in circulating leach solutions through the dumps. As a means of recognizing existing problems and considering alternative applications of the leaching concept, a leaching research program was proposed which could be applied to a specific, typical waste dump. Conclusions derived from the area could then be applied to other leaching areas at Chino. Associated with the program was an evaluation of the physical characteristics of the area using Chino's drilling and radiation logging techniques.

Jan 1, 1970

By A. L. Mular

In order to simulate a grinding circuit, it is necessary to obtain valid mathematical models of the grinding mills and classifiers in the circuit. Several models of grinding mills Ova been proposed 1,2,3 and models of cyclone classifiers are available 4,5. Those models developed by Lynch et. al. 3,5 have been tested in the plant, so that some degree of reliability can be placed on them. Because of this, it is reasonable to assume that the Lynch models will apply for a given circuit, and then to test this assumption. Empirical modifications are made as necessary for a given situation. Usually, valid simulation models can be modified slightly to provide control models6,7. The purpose of this paper is to describe the results of an approach taken by Mular8 to obtain the Lynch models of parallel cyclone classifiers being used in the A-circuit of the new Strathcona Mill***.This was one of the projects undertaken by the fourth year Metallurgical Engineering Class of 1969, Queen's University, Kingston, Ontario, Canada, as part of their process design course which cooperates closely with the Canadian metallurgical industry.

Jan 1, 1970

By Eddy J. Jacques

When the automatic control of a ventilation process is considered, and supervising expert systems need to be designed, an important problem to address is: what will be the optimal set points of the regulators that should meet a certain number of independently formulated requirements, distributed over a ventilation network? The set of these requirements, expressed in terms of air flow quantities or differential pressures in certain airways, need not be consistent. Their number is not limited by the number of available regulators, nor by their nature, i.e. passive or active. Moreover, they may be subject to upper or lower limit values. The method described here addresses this problem and tries to provide a tool that should allow to calculate the set points of all the regulators as a global and optimal solution with respect to this set of distributed requirements. The pure mathematical developments in this paper are kept as short as possible in order to allow more room for the description of a relevant example.

Jan 1, 1991

By M. Galetakis

The difficulties that rise during the evaluation of multiple-layer lignite deposits come from the deposit structure (alternating lignite layers with intercalated material of varying thickness), as well as from the limitations of the applied selective mining. Thin layers of lignite and interbedded waste layers are grouped under specified assumptions regarding thickness and ash content, to form the exploitable blocks. However, in practice the decision for excavating a block is made under subjective constraints of different importance or by using uncertain data. Advances in Fuzzy Inference Systems (FIS) have provided a new approach to the evaluation of multiple-layer lignite deposits. FIS have the ability to handle imprecise or incomplete or linguistically ambiguous information and to incorporate them into decision-making processes. In the developed FIS (Mamdani type) new linguistic variables, concerning with working conditions, operators? experience and production were involved. The FIS was used for the estimation of quality characteristics and reserves of the exploitable lignite produced from Southern Field mine, Ptolemais (Greece).

Jan 1, 2005

By L. Shuyi

In order to develop the pulsating high gradient magnetic separation technology, a type of laboratory pulsating high gradient magnetic separator (PHGMS) has been manufactured. Experiments of its separating performance were carried out. They show that PHGMS can significantly increase the grade of the magnetic product and avoid the matrix to be blocked. The characteristic curve of the pulsating fluid was measured and a formula for estimating the grade of the magnetic product was established in PHGMS.

Jan 1, 1990

By E. H. Cho

Pittsburgh #8 coal cleaned by the conventional froth flotation was oxidized in a 2-liter Parr Stirred Top Bench Reactor. The oxidation time was varied up to 5 hours; the temperature, from 150 to 225°C, the oxygen pressure, from 15 to 500 psi; and coal dosage, from 15 to 60 grams in 600 ml of distilled water. The oxidation of coal was evaluated by measuring total acidic group formed on the coal surface as well as by measuring the adsorption of calcium ion from a solution under standard conditions. It was found that the oxidation increased with increasing oxygen pressure without much leveling-off effect. However, the oxidation of coal increased sharply from 150°C to 175°C and then tended to level off above 175°C. The adsorption of calcium was reached more than 3% on the coal oxidized under favorable conditions. The adsorption of calcium on coal increased sharply with increasing equilibrium pH. The BTU loss was sensitive to oxidation temperature. This study concludes that the optimum oxidation of coal should be conducted at high oxygen pressures around (e.g. 500 psi) 170°C for 3 hours. This study also concludes that the oxidation in an autoclave is far superior to that in a fluidized bed in terms of calcium adsorption, BTU loss and reaction time.

Jan 1, 1994

By M. R. Shahan, W. R. Reed

A laboratory apparatus (shield dust simulator) was designed and constructed to simulate the dust generated during the advance of longwall hydraulic roof supports, or shields. The objective of the study was to develop a tool that could be used to test the hypothesis that foam applied to a mine roof prior to a shield advance could be used to reduce the respirable dust generated during shield advances. This paper will outline the design parameters for the development of the system, as well as describe baseline testing of coal and limestone dust. Results show the average instantaneous respirable dust concentrations that occurred during simulated shield advance. Confidence intervals were calculated from the instantaneous respirable dust data to determine the repeatability of the data produced by the device. INTRODUCTION During longwall mining, miners can be exposed to respirable dust that is generated during the advance of hydraulic roof supports or shields. National Institute for Occupational Safety and Health (NIOSH) researchers have conducted numerous surveys of longwall mining operations, benchmarking the operating practices and dust control measures in use. It has been determined that the shields are responsible for 27% of the respirable dust that is generated on the longwall face [1]. The dust generated by the shield advances ranks second, next to the longwall shearer which is accountable for 43% of the respirable dust generated on the longwall face. The respirable dust generated during the advance of the shields can be a significant contributor to the respirable dust exposure of the mining personnel operating at the longwall face, especially since some of this dust is generated in the walkway. Control systems designed to reduce the dust levels generated during the shield advance have the potential to greatly reduce the respirable dust exposures of the personnel downwind of these activities. One control technology to decrease the dust generated by the shield advances would be to apply a layer of foam to the forward shield-roof interface prior to the shield advance [2]. The blanketed layer of foam would interact with the material located on the top of the shield during the advance, preventing a portion of that dust from becoming entrained in the mine air. This layer of foam would be applied using a foaming nozzle located on the longwall shearer body that would spray foam on the roof surface as the shearer passed. Substantial laboratory work has been completed to determine the feasibility of this type of foam application. NIOSH engineers have classified the various characteristics of foaming agents, using foam expansion ratio and drainage as important properties, as well as developed the mechanical systems required to apply the foam safely to the mine roof [2, 3]. The construction of an apparatus that could simulate the mechanical interaction between the dust-laden shield top and mine roof was necessary to adequately test the hypothesis that foam could be an appropriate control. A team of engineers designed and constructed a shield dust simulator system allowing for in-house testing prior to a full-scale field investigation.

Jan 1, 2019

By Clifford R. Porter

A 200 pound per hour Magnex Pilot Plant was designed and constructed. A non-compliance Eastern Coal which would generate more than 2.0 lb of SOZ per million Btu upon burning was brought into compliance (less than 1.2 lb of S02 per million Btu) during continuous operation of the pilot plant. Approximately 85 percent of the pyritic sulfur was removed while recovering 86 percent of the Btu of the feed coal. Pilot plant operation is summarized and preliminary economics presented. Present status of the Magnex Program is reviewed.

Jan 1, 1977

The dissolution behavior of gold and silver from Au/Ag alloys in aerated cyanide solutions has been investigated using rotating disc electrodes. The variables studied included concentration of cyanide, oxygen partial pressure and rotating speed of the disc. The dissolution potential and the rate of dissolution were obtained in view of the anodic and cathodic current-potential relationships. The results were discussed in terms of a mixed potential theory. The results showed that the dissolution rate of gold and silver from the alloys was partially controlled by chemical reaction, but largely by transport of either oxygen or cyanide, depending on their relative concentration under the experimental conditions employed in this study.

Jan 1, 1995

By Theodore Balberyszski

The gradual depletion of high-grade sulphide mineral deposits has turned the attention of the mineral industry to the recovery of metals from the oxides and silicates. Anionic (fatty acid) and cationic collectors have in some cases made flotation of non-sulphides possible, although in general, flotation of oxide ores is not as yet an economic process. Consequently, many attempts have been made to sulphidize the surface of the relevant oxide mineral and thus make it amenable to flotation. (1) (2) (3) In recent years, Bautista and Sollenberger(4) have investigated the conversion of a number of oxides to sulphides by reacting them with molten sulpur. This paper presents the results of investigations carried out at the School of Mineral and Metallurgical Engineering at the University of Minnesota to study the flotation characteristics of some sulphidized minerals. It is divided into two parts; Part I describes the sulphidization of a number of oxides and a silicate, and Part II presents the flotation behavior of the products of sulphidization.

Jan 1, 1968

By J. Oliver, J. Cleason

"With maintenance costs rising and an increasing demand for higher production, the use of sealed spherical roller bearings can reduce maintenance costs while providing increased production uptime. The sealed spherical bearing has increased bearing life by slowing the ingress of contamination. This paper will describe how contamination and bearing wear is reduced by reviewing case histories from coal and metal mines that improved their production by decreasing downtime using sealed spherical roller bearings. INTRODUCTION The spherical roller bearing (SRB) is a robust rolling element bearing that can accommodate high radial loads, low to moderate axial loads, and misalignment with no loss in carrying capacity. (i.e. Figure 1) Because of these characteristics, it is a favorite in mining applications and many other heavy industry applications. Primary applications are the various pulleys on conveyors. Coal and hard rock mines have hundreds of miles of conveyor lines and countless head, tail, drive, and idler pulleys. Maintaining the bearings on these pulleys and replacing bearings that have failed can be a huge expense to a mine in components, labor and downtime. Ideally, the bearings are replaced when the pulley is changed out according to the maintenance cycle, about every 4 years. Reality, however, causes the bearings to be changed out every year, or sooner. These premature bearing replacements can cause production shut downs for as long as 8 hours. Conveyor pulleys have been targeted at many mines as the single biggest maintenance pain point.The primary reason for replacing conveyor bearings is internal wear from fine, solid particle and water ingress through the bearing housing seals. (i.e. Figures 2 & 3) Traditionally, the bearing is mounted in a split pillow block housing (SAF, FSAF, SDAF or SNL are typical industry styles) with only labyrinth seals (LER/LOR) for protection against the ingress of contaminants. The bearings are lubricated with grease. A common way to extend the MTBR is to purge the bearing system with large quantities of grease to flush out the contaminants. If the bearing, and thus the housing seals are not frequently purged with grease, fine solid contaminants enter the housing and bearing through the labyrinth cavities."

Jan 1, 2015

By W. W. Wen

Approximately 3 percent of the raw coal processed in U. S. Steel coal-preparation plants ultimately reports to slurry- tailing disposal. The usual disposal method is to pump the refuse slurry containing the minus-48 mesh (300 µm) refuse into dams or impoundments that are constructed of the coarse refuse. The failure of an impoundment at Buffalo Creek, Saunders, West Virginia and the sliding failure of a coarse refuse pile at Aberfan, Wales, England, resulted in an evaluation of refuse disposal methods by various regulatory agencies as well as coal producers. The result of this evaluation was the promulgation of Federal regulations dealing with the construction, operation, and final abandonment of coal refuse disposal areas. As a consequence of these regulations the use of the landfill/impoundment method of disposal became in some cases economically urlfeasible or technically impossible. U, S. Steel has studied a number of alternative methods of refuse disposal. During an investigation of mechanical dewatering with a pressure filter, Portland cement was added to the slurry to solidify the filter cake. Because of the success of the cement addition it was decided to study the stabilization of fine-coal-refuse slurry through use of cement-type additives.

Jan 1, 1979