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The theme of this paper is the development of-the project feasibility study which includes discussion of the work which is carried out in preparing the project feasibility study, the necessary evaluations and structures that are employed to ensure that not only does the feasibility study itself stand up to scrutiny and is sound, but also that the investment the company is proposing to develop, "the project", is an investment decision which will represent good returns to the company. This theme is particularly relevant when there are competing divisions within the company and only limited cash resources are available to make the correct investment decision. Thus various potential investments may be evaluated against each other to determine which project will be given the go ahead for development. This paper will particularly focus on the various investment analysis techniques that are used and discuss the work that is required in preparing the project feasibility study and specifically the interaction of the project team members and the thought process that must be undertaken to complete the project feasibility study. Finally comments will be made on tax planning issues particularly with respect to taxation of gold production to be introduced in January 1991. Some ideas are presented which may help and possibly improve the financial position of the projects being reviewed. Further, it is suggested that the thought process which goes with the financial engineering aspects of a resource project can be widened to take account of taxation issues and tax planning to ensure the rise of the project feasibility and hence the decision to proceed to development by the project sponsors.

Jan 1, 1990

As this is the first occasion I have had, and probably will be the only opportunity I shall have, of addressing such a large gathering of members and of student members of the Institute, I desire to- express my very deep appreciation of the honour 'you have paid me in electing me to the office of President for the current year. I realise also that such selection is a tribute to the Company which controls operations here, the centre selected for the annual meeting, but nevertheless there is afforded to the recipient a great deal of pride and of pleasure to hold the highest office in what is, in my opinion, undoubtedly the most important engineering society in Australasia.The past year has witnessed an unprecedented and unparalleled event in the history of the British Empire, and I think that we must all feel a wonderful sense of proud patriotism; the whole world was forced to admire the public calm and the dignity which accompanied the change in our Sovereign Ruler, and great tribute is due to the statesmanship of the Prime Minister, Mr. Baldwin. At this time, we should, I think, place on record our prayer, in common with all his people, that His Majesty, King George the Sixth, may enjoy a long and prosperous reign.The meeting at Port Pirie recalls one who did so much for the advancement of mining and metallurgy, especially in Australia. I refer to the late Mr. Delprat, who, as General Manager of The Broken Hill Proprietary Company Limited, had under his control for many years the smeltery in this centre. As you are aware, he had been elected an honorary member of this Institute, as well as of our sister Institutes in England and in America...

Jan 1, 1937

By Eugene T. Sheridan

The 22d annual survey of the packaged-fuel industry by the Bureau of Mines, United States Department of the Interior, revealed that 26 plants in 8 States were in operation and reported production in 1956. The demand for packaged fuel in the United States has declined gradually since the end of World War II, and the number of operating plants has decreased from 70 in 1946 to 26 in 1956. Annual productive capacity of the industry has decreased also during this period, and the decrease in capacity was about proportional to the decrease in operating plants. Packaged-fuel plants are relatively small, and 85 percent of the active plants in 1956 had an annual capacity of less than 10,000 tons. The same situation prevailed in 1946, when 84 percent of the plants had a capacity of less than 10,000 tons. Total capacity for the 26 active plants in 1956 was 174,600 tons, an average of 6,715 tons per plant. Operating rates in 1956 were the highest since 1951, and the rate of production for the industry averaged 37 percent of capacity.

Jan 1, 1958

By R F. G Phelps, C J. S Sangster, G S. C

Narrow vein metalliferous mining in the UK has a long history, but there are only two small gold operations at present (Clogau and Gwynfynydd). Four further gold properties are at various stages of evaluation (Calliachar, Cononish, Curraghinalt and Maestryfer). The South Crofty tin mine closed earlier in the year. Narrow veins are exploited underground and are challenging to evaluate because of their geologically variable nature. They are generally less than 3 m wide, discordant, of variable dip (

Jan 1, 1998

By H. A. Doerner

"The pure mineral chromite, FeO.Cr203, consists of ferrous and chromic oxides, chemically united in equal molecular proportions. Unfortunately, pure chromite as defined above appears to be a rare exception. In most chrome ores the mineral may be considered a combination of spinel, MgO.Al203, and chromite, with the latter predominating. The ratios between the four common constituents Fe0, Mg0, Cr203 and A203 vary greatly, and other minor constituents such as TiO2 and. Fe203 may also be present.In the mechanical concentration of chromite ores the maximum grade of concentrates that can be produced is thus limited by the composition of the chrome minerals present. Pure chromite contains 68 per cent Cr203, but the Cr203 content of the chrome minerals in commercial ores varies between 45 and 60 per cent and the average is not far from 55 per cent.Chromite is usually associated with serpentine. Other silicates, quartz, dolomite, magnetite, ilmenite and other iron Minerals are frequently present.The amenability of a chrome ore to concentration, depends upon the kind and amount of the various gangue minerals present and the amount .of crushing necessary to separate the chromite from them.A relatively small amount of chrome ore is concentrated by milling. In most cases the mine product is simply hand-sorted. Such chrome deposits as are known in the United. States can not be worked in this way on account of one or both of the following conditions: High cost of labor and finely disseminated impurities. There are, however, several deposits in the United States, Canada, and Alaska which may be able to compete with imported or by efficiently utilizing modern ore-dressing and milling methods."

Nov 1, 1930

Workers in underground stone mines have a high fatality rate caused by falls of ground from the mine roof or rib. NIOSH recommendations to reduce ground fall injuries and deaths address baskets, mechanical scalers, mechanical bolters, drill steel changing, personal protective equipment, and training. Description of Exposure An informal National Institute for Occupational Safety and Health (NIOSH) review in 1998 identified approximately 17 new underground limestone operations in vari¬ous stages of planning; as many as 35 new underground stone mines are expected by 2005. Many of these new underground stone mines will employ new or inexperienced workers with minimal knowledge of the hazardous conditions that exist underground. Workers in underground stone mines have a fatality rate nearly 20 times that of workers in the manufacturing sector. Three quarters of the fatalities in underground stone mines are caused by falls of ground from the mine roof or rib (Figure 1) [Statistical Abstract of the United States 1985-1999; MSHA 1983-1999]. During 1983-1999, nonfatal ground falls resulted in 140 injuries, or 15% of all underground, lost time stone mine injuries. These nonfatal ground fall injuries resulted in more than 13,800 lost workdays (one third of all lost workdays). Ground falls generate more disabling injuries and time away from work than any other type of incident. [ ]

Jan 11, 2003

By A. A. Stripling

The Cretaceous limestone wells of the Mara/Maru-caibo Dist. of Venezuela are extremely prolific producers. To maintain production on cessation of natural flow, large scale gas-lift operations were commenced involving high production rates on caring Flow. For the design of these gas-lift installations it was essential to have some knowledge of the pressure gradients involved in casing flow, so that the required injection pressures, optimum gas injection raws, etc., could be forecast. This paper presents a method of calculating these annular pressure gradients. Basically the method makes use of an energy balance equation coupled with an empirical energy loss factor derived from field data. The calculations have been put in a form suitable for "punch card-type" calculating machines. A set of gradient curves for Mara/Maracaibo conditions covering flow rates up to 12,000 B/D, and GOR's of 500 to 2,000 cu fd/bbl is presented. From these curves the flowing BHP can be predicted from surface data and the vertical pow performance under varying conditions of gas injection can be estimated. The method has been applied to La Paz and Mam gas-lift operations for over three years and has given consistently accurate results. INTRODUCTION The Cretaceous limestone fields of the Mara/Maracaibo area in Venezuela are characterized by the presence of widely distributed fissure systems. Under these conditions individual wells frequently have extremely high potentials and such wells are generally flowed on the casing-tubing annulus in order to reduce the pressure loss in vertical flow. To maintain production on cessation of natural flow, an extensive gas-lift system was planned. As a first approach to this gas-lift design problem, an attempt was made to construct a set of empirical flowing gradient curves from the available subsurface pressure data. Such a method has been used successfully for tubing-flow conditions in California by Gilbert'. Unfortunately, the empirical construction of casing-flow gradient curves presents additional difficulties, as pres- sure bombs cannot bc run in the casing-tubing annulus against high rates of flow. Thus, the Full flowing gradients cannot be defined by actual measurement and the best that can be done is to obtain spot pressures at the tubing shoe. Under these conditions a vast accumulation of BHP data is required to construct a set of gradients. To the La Paz and Mara fields the majority of the available flowing pressure measurements fall into a relatively narrow GOR range, in the neighborhood of the solution ratio. While there appeared to be reasonable prospects of constructing gradient curves for this limited range, measurements at higher GOR's, which were of major interest for gas-lift operations, were relatively few and the prospects of constructing empirical curves cor~spondingly remote. As an alternative approach, the possibilities of a mathematical analysis of vertical flow conditions were investigated. May and Laird2fV n 1934 presented an excellent analysis of the vertical-flow conditions in the Anglo-Iranian Oil Co.'s fields. Their analysis was based on an energy-balance equation and calculated the losses due to kinetic energy, friction and slippage separately. By combining these losses with the total calculated available energy, the required depth-pressure traverse could be deduced. On applying the method to La Paz conditions, good results were obtained for tubing flow at high tubing-head pressures. However, for lower wellhead pressures (300 psi and under) the discrepancy between calculated and measured values increased appreciably. It was considered that this was probably due to energy losses caused by slippage or liquid hang-up in a continuous gas phase, for which it was difficult to visualize any analytical approach. In 1952 Poettmann and Carpenter4 presented a method of pressure gradient calculation which, while based on an energy-balance equation similar to that employed by May and Laird, made no attempt to evaluate the various components making up the total energy loss resulting from irreversibilities of flowing fluids. Instead, they proposed a method of analysis which assumed that all significant losses for multiphase flow could be correlated in a form similar to that of the Fanning equation for frictional losses in single-phase flow. They then derived an empirical relationship linking measurable field data with a factor which, when applied to the standard form of the Fanning equation, would enable the energy losses to be determined. The total available

By Rudolph P. Frizzi

Quality control is essential for augered cast-in-place (ACIP) piles (also known as continuous flight auger (CFA) piles outside the United States) and drilled displacement (DD) piles since the pile is constructed below the ground surface out of the direct sight of the personnel constructing and inspecting the pile. ACIP piles are being successfully constructed to support high-rise structures, hospitals, arenas and stadiums, mass transit systems, and power and industrial facilities. The use of DD pile technology is also gaining ground in the United States, typically utilizing proprietary systems such as Omega (currently utilized by Richard Goettle Inc., and LG Barcus and Sons, Inc.), Berkel, and DeWal (currently utilized by Morris-Shea). Different types of ACIP/DD pile installation equipment are shown in Figures 1 and 2. ACIP piles are installed into granular and cohesive soils, and soft rock to lengths currently approaching 130 ft (39.5 m), with diameters up to 24 to 36 inches (610 to 915 mm), and sustaining design loads approaching 900 kips (4000 kN). Current DD pile installation equipment in the United States is capable of installing up to 79-ft-long (24 m) piles with diameters ranging from 12 to 18 inches (305 mm to 460 mm).

Jan 1, 2004

By A. Sutton-Pratt

The African continent has been the most prolific producer of gold since mining began. Although most of this gold has come from South Africa, other countries have also been important contributors in the past. There is currently little production outside South Africa, Ghana and Zimbabwe, but the gradual globalisation of the industry over the past decade has resulted in growing interest in the region which bodes well for its future development. An outline is given of prospects and activity (or lack of it) in South Africa, Lesotho, Swaziland, Zimbabwe, Mozambique, Madagascar, Botswana, Namibia, Zaire, Tanzania, Kenya, Uganda, Rwanda, Burundi, Zambia, Malawi, Angola, Congo, Central African Republic, Gabon, Equatorial Guinea, Ethiopia, Eritrea, Djibouti, Somalia, Sudan, Chad, Libya, Tunisia, Egypt, Algeria, Morocco, Ghana, Ivory Coast, Liberia, Sierra Leone, Guinea, Senegal, Guinea-Bissau, Gambia, Mauritania, Mali, Burkina Faso, Togo, Benin, Niger, Nigeria and Cameroun

Apr 1, 1996

By H. F. Feldmann

This work was done to provide thermodynamic, electrical, physical, and compositional data on the seeded combustion plasmas of seven coals for the design of MHD generators. The systems were assumed to be at equilibrium, and the design data were generated by solving for the composition of both gas and liquid phases with a digital computer. The coals reported in this study include a western subbituminous, a Pennsylvania anthracite, and five representative bituminous coals. The data include dewpoint temperatures of both slag and seed. A Mollier diagram for each coal is given to allow graphical generator calculations.

Jan 1, 1970

By R. Chryst, R. Kus

In the Integrated IT Systems proposed by Przedsie? biorstwo Robót Geologiczno-Wiertniczych—Geological and Drilling Company (PRGW) a network connects a database with all of the departments of a mining division. A key element thereof is the common graphics environment—Micro Station supplied by the firm, Bentley. PRGW’s SoftMine software and GMSI’s CadsMine that are used to design and schedule mining operate in this environment. The digital form of the design project facilitates the verification of information and the integration of technical solutions with SAP R/3 type financial—accounting systems. The system has been successfully implemented in the Brown Coal Mine in Poland.

Jan 1, 2003

By V. N. Rampton, C. F. Gleeson

"Exploration results over three overburden drilling anomalies defined by the Ontario Geological Survey in 1981 in the Kirkland Lake area, Ontario are presented. The anomalies come from lowland areas where overburden is thickest. By mapping the bedrock and surficial geology, by prospecting, humus sampling and shallow till sampling over the surrounding upland surfaces, one can initially evaluate such overburden drill anomalies without costly reverse circulation drilling. The drilling should follow, if necessary, only after surficial base data has been obtained. Preliminary work on these three properties has defined the presence of at least two styles of gold mineralization. One occurs in silicified zones in intermediate volcanics closely associated with northwesterly trending faults and shear zones. The second occurs in quartz-carbonate alternation zones in volcanics intruded by quartz-feldspar porphyry dykes. IntroductionThe three examples presented in this paper present first-hand information on an approach to the follow up of several geochemical anomalies that were found by the Ontario Geological Survey when they carried out reverse circulation overburden drilling as part of the Kirkland Lake Initiative Program (KLIP) in 1980 (Routledge et al., 1981). The initial approach is relatively simple, systematic, and cost and technically effective. It readies the properties for further exploration, or conversely, it could downgrade the properties as viable gold targets."

Jan 1, 1987

By Tae-kyeong Yeu, Cheon-Hong Min, Hyung-woo Kim, Sup Hong, Minuk Lee, Chang-Ho Lee

This paper concerns the optimum arrangement of the buoyancy module, which is used for stable dynamic motion and structure stability of the marine flexible riser. The main method of this study is simulation-based design using Genetic Algorithm (G.A) for optimum design and Multi-body dynamic for simulation. The marine riser connects the vessel and the seabed-tracked vehicle. The motion of the riser affects the motion of the vessel and the vehicle. In this study, a marine riser of the deep-seabed integrated mining system (Figure 1) is used. This riser has a strong effect on efficient transfer of minerals. So, the buoyancy module must be equipped to supplement problems of the structure stability and the dynamic motion. Positions and quantities of the equipping buoyancy modules are determined by the at sea experiment (Figure 2). But this method is not easy because the actual sea experiment is expensive, time-consuming and dangerous (Figure 3). Thus, the position and quantity must be determined by simulation-based design. The dynamic analysis models of the riser and the buoyancy module were built in the commercial software DAFUL. In the marine environment, factors affecting behavior are current, drag force, etc.

Sep 1, 2014

A slag-metal equilibrium study of the system SnO-FeO-(Si02+Al2O3)/Sn-Fe was carried out at 1250°C. The distribution coefficient, k =(Sn/Fe)metal X (Fe/Sn)slag was found to range from 246 for an iron contentof 0·53 per cenrt in the metal to 82 for an iron content of 6·4 per cent. The value of the ratio ?SnO/?FeO was calculated and found to be approximately a function of per cent SnO in slag alone in the region (Si02+Al2O3)/ FeO = 0·4 to 1·2. Comparison with other published work suggests that the addition of CaO to slags having (SiO2+Al203)/FeO ratios of about 1·1 raises the value of ?SnO/?FeO...

Jan 1, 1974

By Luis Valentim, Terry Cousins

The goal of a mine is to produce ore at the lowest possible cost with due regard to safety of pemonnel and equipment. The mining process consists of a number of discrete operations such as planning, drilling, blasting,excavation, transportation and crushing. These processes are interrelated and cannot be considered as separate activities when optimising output and minimising cost. In order to optimise the global costs it may therefore be necessary to increase cost in one area such as blasting design and management beyond the norm.

Jan 1, 1998

By Javier Rodriguez

Adaptive re-use of existing structures in urban environments has become very common due to lack of available space in our cities and requirements for increased structural capacity. Often, it involves retrofitting existing foundations to support increased loading. In such cases, Engineers face the need to review existing deep or shallow foundations for their true load carrying capacities in order to determine the required magnitude of retrofit work, if any. To accomplish this, the engineer must track down and cull through the existing construction documentation to determine what was actually constructed, complete an investigation to confirm these conclusions, possibly sample the foundation elements for strength properties, and on occasions complete non destructive or full scale load testing of indicator elements. This paper describes the typical procedure followed by the authors for design of retrofit schemes for existing buildings in the Washington DC metropolitan area. Three case histories are presented that illustrate various issues encountered during design.

Jan 1, 2006

By Larry A. Haas

The chemistry of current or potential SO2 removal processes can be placed into four categories: (1) reduction, (2) Liquefaction, (3) direct dissolution, and (4) oxidation. Methods that involve reducing SO2 to elemental sulfur appear promising since this product can be easily handled, shipped, and stock- piled. Unfortunately, SO2 cannot always be reduced directly when other oxidizing agents are present. Thermodynamic data indicate that some oxidizing reagents will also consume reductant at the reduction temperature. A two- stage process can be applied to waste gases that contain excessive quantities of oxygen, nitrogen oxides, and water vapor. The best sorbent for the first stage appears to be a nonalkali or nonalkaline earth medium since this medium more readily releases the SO2 for reduction in the second stage.

Jan 1, 1973

By C. A. Hesse

The Quartz Hill Molybdenum Project, In Southeast Alaska, was the first mining project to attempt the permitting of a submarine tailings disposal system in the United States, since the passage of the National Environmental Policy Act of 1969 and the Clean Water Act of 1977. Over $20 million was spent by the project developer in baseline data gathering and In funding the preparation of the four Environmental Impact Statements and other environmental documents required at various stages of the project between 1977 and 1988. Because of the timing and a unique set of environmental, legal and regulatory requirements which applied to this project, innovative approaches were developed. This report describes those requirements and the developments, and gives a full historical account of the campaign for permitting submarine tailings disposal at Quartz Hill, until denial of the NPDES permit application by EPA in September 1 990. The extensive studies done for Quartz Hill suggested that under certain conditions the selection of submarine tailings disposal can be the overall environmentally preferred alternative for a mining project. The Quartz Hill story illustrates the complexity of the existing permitting structure and paints out the desirability of rationalization to achieve a more effective system.

Jan 1, 1993

By M. A. Elliott, F. W. Brown

"INTRODUCTION During the recent war the Bureau of Mines, at the request of one of the armed services, investigated the hazards that night be encountered 5n handling perchloric acid, particularly if spilled on certain materials. The hazardous nature of perchloric acid when mixed with reducing agents had been known qualitatively, but it was desired to obtain quantitative data on the explosion hazards of such materials. Accordingly, tests were made to determine the sensitivity of mixtures of perchloric acid and oxidizable materials to initiation by heat, impact, sparks, flame, and explosive impulses. This report summarizes the results of those tests.PROPERTIES OF PERCELORIC ACIDAnhydrous perchloric acid is a colorless,hygroscopic, volatile, mobile liquid that fumes in the air. The anhydrous acid is unstable at ordinary temperatures, and therefore the commercial acid is a water solution containing either 60 percent or 70 percent by weight of the anhydrous acid. The commercial acid is widely used in chemical analysis, frequently to oxidize organic material. If proper precautions are not observed, such an oxidixation may become exceedingly rapid and result in an explosion. Several such explosions involving the acid are mentioned in the literature. 4, 5, 6/"

Jan 1, 1948

By Dennis P. Martin, Michael M. Fitz, James E. Friant

Methods for reducing the cyclic nature of drill and blast tunneling operations have been long needed. A miniature blasting system using 10 mm (.375 in.) holes, 0.91 m (36 in.) deep, and blasting only one hole at a time makes it practical for men to work behind a shield, remaining at the face during the entire process. A prototype automated module was developed to drill, load the hole and initiate the detonation without moving from the hole. A unique cost effective gell explosive and a novel, low cost initiation method were developed.

Jan 1, 1989