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By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011

By W. G. Huang

To recover the coal resources of high-sulphur anthracite in Jincheng Mining Area, underground coal gasification (UCG) of No. 15 seam in Fenghuangshan Coal Mine was proposed. The feasibility of the project was confirmed by investigations of occurrence conditions, coal properties, and roof conditions, as well as experimental studies and theoretical analysis. It was found that UCG technology is appropriate to be adopted in the mining of the No. 15 seam, due to the stable rock conditions, simple geological structure and hydrogeology, the high carbon content of the coal, non-cohesiveness, medium-thermal stability, high ash fusion temperature, and weak reactivity with CO2. Further factors are the characteristics of the immediate roof, which consists of 9.11 m of limestone and mudstone with a compact structure and low permeability, and 4.27 m of dominantly mudstone with low permeability.

Jan 1, 2012

By T. F. Mitchell, B. K. Shibler, J. V. Batty, W. G. Sandell, G. M. Potter

"INTRODUCTION The Park City district, situated 30 miles east of Salt Lake City, Utah, in the Wasatch Mountains, Is a well-known producer of lead, zinc, and precious metals. Nearly continuous production has been maintained from the dis¬trict since its early discovery about 1870. For approximately 50 years, gravity milling methods were employed to beneficiate Park City ore, and during that time tailings from the mills were sluiced down Silver Creek and deposited on lands below the camp for 7 miles.Owing to the large tonnage of tailings deposited along Silver Creek, considerable work was done in the past in the attempt to develop a low-cost concentration method for re-treating this material, but no-method was found that was economically feasible. The Bureau of Mines was asked to conduct beneficiation tests on Park City tailings in November 1944, and metallurgical studies were initiated at that time. This report summarizes the results of laboratory ore-dressing studies made on samples from the Grasselli deposit."

Dec 1, 1947

Evaluation of Comminution Circuit Design for Sustainability Using EcoNomicsTM

Sep 13, 2010

By Bruce Conard

For many years, Bruce Conard has been engaged in reading about and discussing the desired sustainability of the mining and metals resource industry. He has, however, become concerned that there is a greater issue that requires our urgent attention: what challenges do we face as a global society? His Distinguished Lecturer presentation traces the idea of environmentally sustainable economic development but concludes that a business’ interest in its sustainability is predicated on the sustainability of our global society. Conard reviews some of the most serious challenges, including population growth, clean energy supplies, freshwater availability and climate change, and calls on scientists and engineers not only to apply their skills in helping solve these challenges, but most urgently, to speak with intelligence and passion about the need to act now.

Jan 1, 2014

By Edmund S. Leaver, R. S. Dean, T. L. Joseph

The metallurgy of manganese has developed along the lines of iron metal¬ lurgy. Enough high-grade ore has Been available so that by reduction with carbon it could be turned into an iron-ma.nga.nese alloy and a slag containing some 9 to 15 percent manganese. More siliceous ores have been smelted in the blast furnace to form iron-silicon-manganese alloys called spiegel. When lower-grade ores came in for serious consideration, which lias only been since l°l4, two types of processes received the most consideration — hydrometallurgical processes to produce a concentrate which could be smelted like the higher-grade ore and processes involving concentration of the manga¬ nese from manganiferous iron ores by preferential reduction of the iron (184)1. Special chapters in this bulletin are devoted to the production of ferro¬ manganese from ore, the hydrometallurgy cf manganese, and the Bureau of Mines modification of the preferential reduction process. Other methods of producing manganese alloys from low-grade or refractory ores have been suggested and may find future application. Manganese has a very high affinity for sulphur and is particularly adaptable to concentration by matte smelting. According to Betts (26), manganese silicate may be smelted with pyrite to give manganese sulphide and iron silicate. This method would be applicable to concentration of either the silicate or carbonate ores. The sulphide, once obtained, could be roasted to oxide and reduced in the usual way. Another possibility for the production of manganese from silicate ores involves their reduction by silicon or manganese silicides. Swedish Patent 52290, February 25, 1925. covers the reduction of a slag rich in manganese by silicon-manganese alloy containing more than 10 percent silicon, Joseph H. Brennan (38.) describes the concentration of manganese iron ores by partial reduction with silicon. Beckett (7,4,19) describes the reduction of manganese dioxide with a manganese silicide for the production of standard ferromanganese. Beckett gives as a typical alloy, manganese 64.4, silicon 24.6, and as a typi¬ cal ore, 5S.5O manganese as MnO^. The product of the reaction between these two is 80.11 percent manganese and 1.22 percent silicon.

May 1, 1934

By D Kepert, M Absalom, N Nitschke, C Fowers

The discovery of the Nyidinghu Iron Ore Deposit totalling 2.46 Bt of resource continues FortescueÆs highly successful exploration record of discovering multi-billion tonne deposits under cover with little to no surface expression. Since inception in 2003 Fortescue have discovered and delineated the Christmas Creek and Cloudbreak deposits in the Chichester Range totalling 3.38 Bt and 3.25 Bt in the Solomon region. Together with other deposits Fortescues resource portfolio now approximates 10 Bt of hematite - goethite mineralisation.The Nyidinghu deposit is situated on the southern margin of the Fortescue Valley, 35 km south of FortescueÆs Cloudbreak mining operations on the north margin of the valley. Nyidinghu comprises approximately 70 per cent BID martite - goethite mineralisation hosted by the Brockman Iron Formation and 30 per cent CID beneath alluvial outwash of the Weeli Wolli Creek in to the Fortescue Valley. Minor DID mineralisation occurs at the deposit margins.BID mineralisation is strongly controlled by the pre-existing NE/SW trending Weeli Wolli Fault system and bounded to the north by the Poonda Fault. Both fault systems are interpreted to have had a long and complex history commencing pre Ophthalmian Orogeny (ca 2.2 Ga) and remaining intermittently active through the Proterozoic.CID at Nyidinghu is the downstream continuation of the combined Weeli Wolli/Marillana CID palaeochannel system being mined by Rio Tinto and BHP Billiton at Yandicoogina and Yandi, respectively.Exploration commenced in August 2010 with the inaugural resource announcement of 1 Bt being made just six months later. To date over 1700 RC and 85 diamond core holes have been drilled forming the basis for the resource of 2.46 Bt and ongoing feasibility studies. Current exploration activities continue to delineate new mineralisation at Nyidinghu with an ultimate target tonnage of 3 Bt.CITATION:Fowers, C, Kepert, D, Absalom, M and Nitschke, N, 2013. Discovery, geology and structural setting of the Nyidinghu iron ore deposit, Hamersley Province, Western Australia, in Proceedings Iron Ore 2013 , pp 81-90 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013

By M. Sadegh Safarzadeh, Stanley M. Howard

The two-dimensional predominance area (Kellogg) diagram (PAD) surfaces bounding the three-dimensional Cu-As-S-O system were constructed at 900 K. The computations employed gases As4O6(g), O2(g), and SO2(g) as the independent coordinate species to generate diagrams of As4O6(g) − O2(g),O2(g) − SO2(g), and As4O6(g) − SO2(g), while the third gas (As4O6, O2, or SO2) was fixed. The results indicate that there is no shared boundary between enargite (Cu3AsS4) and copper sulfate (CuSO4); however, at PO2 < 10−6 atm, PAs4O6 < 10−10 atm, and PSO2 > 10−4 atm, CuSO4 is the stable phase at 900 K. The chemical driving force for oxidation of intermediate phases between enargite and copper sulfate is substantial except for basic sulfate (CuO · CuSO4).

By M. Sadegh Safarzadeh, Stanley M. Howard

The two-dimensional predominance area (Kellogg) diagram (PAD) surfaces bounding the three-dimensional Cu-As-S-O system were constructed at 900 K. The computations employed gases As4O6(g), O2(g), and SO2(g) as the independent coordinate species to generate diagrams of As4O6(g) − O2(g),O2(g) − SO2(g), and As4O6(g) − SO2(g), while the third gas (As4O6, O2, or SO2) was fixed. The results indicate that there is no shared boundary between enargite (Cu3AsS4) and copper sulfate (CuSO4); however, at PO2 < 10−6 atm, PAs4O6 < 10−10 atm, and PSO2 > 10−4 atm, CuSO4 is the stable phase at 900 K. The chemical driving force for oxidation of intermediate phases between enargite and copper sulfate is substantial except for basic sulfate (CuO · CuSO4).

By W. A. Lang

Introduction Under our present civilization, industrial developments will be greatest in those areas in which energy .can be most economically produced and efficiently used, where labour is in adequate supply, and where markets for the products of industry are available. A knowledge of fuels- the present major sources of energy- and of their utilization is therefore of vital importance. With that in mind, the aim in this paper will be to outline the known reserves of fuels in Alberta, to give their characteristics, to indicate the markets served by each, and to offer some suggestions for the future development of the coal industry. The paper should be regarded as a compilation of published data rather than as an original treatise. Alberta is richly blessed by having large reserves of mineral fuels. The estimated reserves of coal are 46,562 million tons. Alberta is the oil and gas province of Canada. The world&apos;s largest deposit of bituminous sand occurs along the Athabaska river in Alberta. In addition, there are large areas of forested land in the northern and western sections of the Province, and the rivers serve for the development of hydro-power.

Jan 1, 1949

Organization Place Date 1917 American Institute of Architects Philadelphia,.,; Pa. Dec. 26-29 American Society of Mechanical Engineers New York City. Dec. 26-29 American Mining Congress State Chapter Phoenix, Ariz. Dec. 26-29

Jan 11, 1917

By Y. Nakamura, T. H. Okabe, S. A. Sunkar, K. Nose

Ruthenium (Ru) is known as a platinum group element with a very small production volume. In fact, the worldwide annual production of primary Ru metal is only about 20-30 tons, and it depends on the amount of Pt produced, since Ru is a byproduct from Pt smelting. The primary uses of Ru are as a material for resistors, as a catalyst for electrode materials, and as a sputtering target for hard disk memory storage. In order to recover Ru from the spent sand-blasting abrasive media generated during the cleaning of the apparatus used for Ru sputtering, a hydrometallurgical recovery process using hypochlorite solution has been investigated. In this study, various types of recycling processes that are presently under development are also introduced, and their features and differences are discussed. The advantages and disadvantages of the new recycling processes are evaluated, and the possibility of establishing new recycling processes in the future is discussed from a multilateral perspective.

Jan 1, 2014

By Ron Board

"Probably the only thing that can he said about conveyor belt scales without fear of contradiction is that they have been responsible for as much or more puzzlement, argument and frustration than almost any other piece of equipment commonly found in ore processing facilities. To be sure, there are certainly a good number of satisfactory installations, some of these having been achieved through forethought and careful consideration in the early stages of plant design, while others seem to owl their success to what seems to be little more than good luck or white witchcraft; and it might also appear that black witchcraft or other gremlins are solely responsible for the poor performance of many belt scales that enjoy well-designed installations with apparently good operating conditions.This paper is intended to acquaint users with the major operational reasons why belt scales seem so fickle (and downright ornery too), and establish some reasonably simple test standards against which the performance of scale hardware can be measured. Then it shall be shown how the design flexibility of electronic scale systems can offer particular advantages in overcoming some of these everyday problems in a practical way, and without undue inconvenience to plant operations."

Jan 1, 1975

By T. J. Ballard

"INTRODUCTION The Buck. Creek corundum area of Clay County, North Carolina, includes one of the largest single masses of peridotite outcrops in the whole Appalachian Range and has been described by Pratt, an early authority on corundum, as offering one of the best potentialities for corundum production in North Carolina.Two principal types of corundum deposits are found at Buck Creek the vein type and the corundum-bearing amphibolite dikes.The vein deposits occur in structural fissures that strike north to northeast in a gangue of feldspar, zoisite, an, chlorite. The corundum is generally coarse-grained and good-quality. The corundum content varies from several percent to 50 percent.The corundum in the amphibolites is more or less disseminated through the dike, is generally lower-grade, and is less in quantity, than the vein corundum. About 50 percent of the amphibolite corundum is coarse enough for snagging-wheel grade but is difficult to separate from the amphibolite.Production from the Buck Creek area has been small and came mainly from high-grade pocket in the vein deposits. Pratt 3/ reports 300 tons of corundum ore was produced to about 1896. No record of subsequent production is available.The critical shortage of corundum during the war, due to transportation difficulties and the depletion of deposits abroad, prompted the Bureau of Mines to investigate domestic reserves.After a favorable report was obtained on the Buck Creek area, the Bureau began exploration of the deposit in September 1943 and continued until February 1945."

Apr 1, 1947

By Joshua Hoffman, Braden Lusk, Kyle Perry

This study explores how different geometries affect the shock tunnel’s performance and is broken down into three phases. Phase 1: Open arena testing in which theoretical energies produced by the detonation of small (<1.0 kg) charges are compared to actual experimental values. Phase 2: Shock Tunnel testing in which realized energies are experimentally recorded for the UK and S&T shock tunnels. Phase 3: Analysis of the data to begin building a pressure-forecasting tool for the UK shock tunnel given the explosive characteristics, sample size and desired pressure and impulse.

Jan 1, 2009

By F. S. Young

Previous laboratory and field experimentation has demonstrated the effect of several variables on drilling rate.1-5 These results have been incorporated into optimization theories6-" for the purpose of reducing drilling cost. Minimum-cost drilling theories rely on a combination of historical data and empirical prediction techniques for selecting optimum bit weight and rotary speed. Past solutions have required extensive use of computing equipment because of both the complexity of the mathematical formulations and the large number of parameters involved. Field attempts to apply these computed results have frequently failed because of the uncertainty of input data requirements. Humble has developed an on-site computer system to control bit weight and rotary speed and thereby implement the concepts of minimum-cost drilling. This system can (1) perform short interval drilling rate tests for formation evaluation, (2) use the results of these tests as input information to solve minimum-cost drilling formulas, and (3) control bit weight and rotary speed in accordance with these computed solutions. The purpose of this paper is to describe the computer control system and present results of initial field testing. Theoretical Considerations Minimum-cost drilling (MCD) requires a quantitative evaluation of the variables involved. Several forms of a basic mathematical model have been sug-gested.&apos;?,&apos; "he relationships reported here form the basis for the solution programmed in this work. Four equations are used, expressing drilling rate, bit bearing wear, bit tooth wear, and cost. A solution for minimum-cost drilling assuming constant bit weight and rotary speed over the entire bit life has been programmed for use in computing MCD schedules. This solution is subject to certain limiting assumptions such as those discussed by Graham et a1.I2: 1. Drilling cost is the summation of bit cost, rotating cost, connection cost and hoisting cost. 2. Diamond bits are excluded. 3. Bit life is limited by either bearing failure or tooth wear, or by a combination of operational factors that make it cheaper to pull an incompletely consumed bit. 4. Circulating hydraulics are adequate and do not limit drilling rate. 5. Bit weight considerations exclude hole deviation. 6. Drilling rate is a function of only bit weight, rotary speed, and degree of tooth dullness; that is, the effects of pressure, lithology, fluid properties hydraulics and drill string dynamics are ignored. In equation form, the four MCD expressions are as follows:

Jan 1, 1970

By D Gelling

Mineral sands dry plants consist of a large number of repetitive unit operations with significant transport delays, in the form of stream pipes, conveyors and elevators. As part of the P255 mineral sands sponsorship and using the JKMRC developed conductor/non-conductor (CNC) gauges, control loops have been implemented at the multi-duty dry plant of Cable Sands Limited at Bunbury. This paper describes the loops for kV control on a rougher high tension roll machines (HTR). The options available are product grade control and ratio control using the JKMRC CNC gauges, which measure the percent conductors in a stream. The purpose of control is to stabilise the circuit operation against disturbances such as atmospheric and feed disturbances.

Jan 1, 2001

B. P. Thomson (South Aust. Dept. of Mines): Dr. A. B. Edwards presents in the published discussion on the above paper, his interpretation of the dolerite dyke-lode relationship as a major objection to the syngenetic origin for Broken Hill ore bodies to which Mr. Condon subscribes.Dr. Edwards claims that the dyke-lode relationships indicate clearly that the Broken Hill orebody was formed after the folding and regional metamorphism of the Willyama Series. Field evidence compels m:e to join with H. F. King (1958), in finding this conclusion unacceptable-as follows:(1) Broken Hill type mineralization, as defined by King and Thomson (1953), is clearly confined by the regional sillimanite isograd and does not extend into the lower temperature almandine and biotite zones as does the Thackaringa type mineralization.(2) In the Corruga area the writer has mapped a dolerite dyke apparently cutting a conformable quartz gahnite lode of the Broken Hill type (see Edwards 1958, p. 12).(3) At the Champion mine a similar lode is cut by a fine grained granite dyke.An alternative history of the dolerite dykes to that given by Stillwell &amp; Edwards (1956, p. 26) appears possible. It has been suggested by the writer in an unpublished thesis, (Thomson 1955, p. 30), that the pyroxenite and serpentine plugs and dolerite dykes are rheomorphic end-products of a complex regional metamorphic and metasomatic process involving the formation of amphibolite and pegmatite. The analogy in composition between the dolerite and normal amphibolite is close (see Edwards 1958, Fig. 1, p. 22).

Jan 1, 1959

Real Time and In Situ Measurement of Elemental Composition Using Lasers

Sep 13, 2010

Advances in Coarse Particle Recovery - Fluidised-Bed Flotation

Sep 13, 2010