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By Julian Brown, Steve Hicks, Zach Agioutantis, Zachary Wedding

Analysis of Coal Pillar Stability (ACPS) software, released in 2018, integrates numerous empirical pillar design techniques. The ACPS program incorporates methodologies originally available as design tools from the National Institute for Occupational Safety & Health (NIOSH), including Analysis of Longwall Pillar Stability (ALPS), Analysis of Retreat Mining Pillar Stability (ARMPS), Analysis of Multiple Seam Stability (AMSS), and concepts including Coal Mine Roof Rating (CMRR), the Mark-Bieniawski pillar formula, and pressure arch loading. The design methodologies that are the basis of ACPS were developed via analysis of significant amounts of real-world data and have been standards of the United States coal industry for decades. While there are empirical factors built into ACPS, making it ideal for use in U.S. coalfields, the concepts in the program have proven to be applicable in variable mine settings, and the software was developed to allow for user-based, site-specific modifications of key design inputs. Application of ACPS to cases outside the regions for which it was developed must be approached carefully, and continuous development of site-specific data is mandatory. A case study is presented involving the application of ACPS to assess pillar stability and assist future design for an underground lignite mine in Eastern Europe. Assessment of in-mine observations, review of the geology of the lignite mine, and evaluation of specific conditions associated with a failure event resulted in “calibration” of key input factors to ACPS. Scenarios evaluated with ACPS suggest that pillar strength and overburden depth are key factors for the determination of pillar stability and design in future areas.

Jun 25, 2024

By Rex C. Bryan

An accurate and dependable ore reserve estimate is important to any mining company. It is also essential for development drilling and production planning to know about the distribution of the ore within the area to be mined. This paper will show that in the case of more variable deposits such as uranium, the use of geostatistics is superior to conventional techniques. Unlike conventional methods, geostatistics includes the importance of spatial orientation of measured variables. With the use of variograms in conjunction with kriging, a point or a block may be estimated along with its error of estimation. The existence of disequilibrium can create a severe problem in uranium 'ore reserve estimation, and mine and production planning. Disequilibrium can be simply defined as the ratio of chemical or assay values to gamma equivalent values calculated from the downhole geophysical gamma-ray logs. Various methods for adjusting for disequilibrium have been proposed. Most, however, have side stepped the consideration of disequilibrium itself being a regionalized phenomena; or its, relation to surrounding geology. This paper presents methods of incorporating both aspects. The East Dilts Pit at the Bear Creek Uranium Mine in Wyoming, has been used as a case study. Polygonal, triangular, and lognormal kriging and various disequilibrium adjusted methods, including multi-factor cokriging have been com- pared with the mining experience.

Jan 1, 1982

By R. J. Thompson

Well-designed and maintained haul roads are the key to minimizing truck haulage onroad hazards and costs, as well as increasing productivity. In practice, however, designing and managing a haul road for optimal performance is often difficult to achieve, especially when resources assigned to design and construction are constrained. By understanding how a road design is developed from geometric, structural, functional and maintenance considerations and, critically, the interplay between these components in design and operation, optimal performance can be achieved. This paper briefly summarizes the evolution of mine haul road design, from the seminal USBM work of Kaufman and Ault in 1977, through to current geometric, structural, functional and maintenance management design components. These augmented design and management guidelines have been developed over the past decade, both in response to the requirements of mine operators for safer and more efficient haulage systems, the truck manufacturers’ requirements for a more predictable and controlled operating environment and the recognition of human factors as a significant contributor to haulage accidents. While the human factor is the most problematic to address in a road design, the paper shows that the more that is known about human error, the better a road can be designed to accommodate those actions or non-standard practices that would, on a poorly designed road, invariably escalate an error into an accident.

Jan 1, 2010

By Perry N. Halstead

The primary objective of the structural geology portion of the Kennecott Copper Corporation-U. S. Bureau of Mines Pit Slope Stability Study was to determine the attitude, geometry, and spatial distribution of geologic structures of the west wall of the Kimbley Pit for use in designing a maximum stable slope for the pit. A corollary objective was to develop and refine techniques for collecting and analyzing geologic structural data with emphasis on numerical methods that could be integrated with other aspects of pit design. Surface mapping techniques used were a modification of conventional joint set mapping and a detailed linear sampling method. For subsurface investigations both oriented core and a borehole camera were used. It was determined that the major faults in the area were favorably oriented for mining a steep stable slope. The jointing or natural fracturing, although complex, was not random in attitude and consisted of several persistent fracture sets and a number of secondary sets. The attitude of the persistent fracture sets was favorable for steeper slope angles, and these attitudes were used in the design considerations. There was no significant difference between the attitude of the fracture sets determined from the former and new slope face.

Jan 1, 1968

By R. Kealey, D. Huo, Q. Zhang, Y. A. Sari

Greenhouse gas (GHG) emissions from primary mineral and metal production account for ~10% of global GHG emissions. One of the main sources of GHG emissions in mining operations is fuel consumption by haul trucks. Given their size and carrying capacity, the fuel consumption of haul trucks can approach 250 liters per hour. An average of 30% of the idle time of the trucks is spent while waiting in the queue. Inefficient truck dispatch planning can waste resources, cause dilution and elevate GHG emissions. In this research, a machine learning based truck dispatch approach was developed to dynamically route the haul trucks based on the loaded material, the road traffic, the estimated wait time, and the maintenance needs of the trucks. The GHG reduction potential of this smart fleet management approach was estimated by calculating and comparing the related carbon emissions versus scenarios using traditional fleet allocation approaches. Results suggest that this dynamic fleet allocation approach can significantly reduce GHG emissions at mineral production sites by optimizing waiting times and the overall distance travelled while achieving the same production levels.

Mar 2, 2022

By X. F. Wang, K. B. Fu

"We investigated experimentally and theoretically the adhesion behavior of Acidithiobacillus ferrooxidans (At.f6) to different copper sulfides. The adsorption experiment showed cell densities of 10.74 × 106, 8.06 × 106, 3 × 106, 4.24 × 106 and 2.35 × 106 cells/cm2, respectively, on the surfaces of djurleite, bornite, covellite and chalcopyrite. The order was: djurleite > bornite > covellite > chalcopyrite. The results indicate that A. ferrooxidans has high affinity to adhering to the surfaces of djurleite and bornite in the acidic region. But the thermodynamic approach predicts that there will be no attachment of At.f6 to the surfaces of bornite, covellite and chalcopyrite. This discrepancy is due to the inadequate description of electrostatic interactions. The DLVO approach shows attachment of At.f6 to the surfaces of djurleite, bornite and covellite, and repulsion between At.f6 and chalcopyrite. The DLVO approach can explain the differences of the adhesion of At.f6 to different copper sulfides.IntroductionThe bioleaching of low-grade copper sulfides is a developing technology, and has been applied successfully to the extraction of copper from secondary sulfide minerals (Watling, 2006; Pradhan et al., 2008; Akcil and Deveci, 2010). The bioleaching of chalcopyrite is still a major challenge (Bosecker, 1997; Brierley and Brierley, 2001; Ehrlich, 2004). A study conducted at Billiton Process Research showed the following preferential order of sulfide minerals leached by mesophilic cultures: chalcocite > bornite > cubanite > covellite > pyrite > enargite > carrolite >> chalcopyrite (Dew et al., 1999). The bacteria can solubilize the valuable metals from the orebodies by the oxidation of minerals. Bacterial adhesion plays a critical role in the bioleaching processes (Chen et al., 2008; Harneit et al., 2006). Generally, bacterial adhesion can be explained by surface thermodynamics and the extended DLVO theory, in which the adhesion energy between the bacteria and mineral is calculated as a function of the separation distance (Sharma, 1999; Bos et al., 1999; Sharma and Hanumantha Rao, 2002). These methods take into account Lifshitz-van der Waals interactions, electrostatic interactions and acid-base interactions (Busscher et al., 2010). These interactions are very well understood and formulated in mathematical equations. The most important inputs in these calculations are surface energy, surface charge, electron donation and electron acceptance on the bacterial cell surface and mineral."

Jan 1, 2015

By Downing Terry L.

Dry mineral beneficiation methods have been developed for separation of borate minerals from montmorillonite claystone gangue. The methods include the use of newly developed dry high intensity magnetic separators. The application of these methods has the potential for economic benefit at U.S. Borax Inc. in three areas: ? Processing surface impoundments (ponds) material. ? Pre concentrating ore to be fed to primary refinery. ? Concentrating borate minerals to produce potential products.

Jan 1, 1995

By M. Rodgers

Dow Water & Process Solutions (DW&PS) was approached by ASARCO Inc. to attempt to recover cobalt and copper from their copper solvent extraction (SX) raffinate. Cobalt is added to many copper electrowinning tankhouses to help to prevent lead electrode corrosion. With cobalt?s high price this can be a large expense. ASARCO has ore that contains a small amount of naturally occurring cobalt. Currently they have no way of capturing this high value metal from their leach or raffinate streams. DW&PS has some chelating resin technologies that should be able to help solve this problem.

Jan 1, 2010

By LINDSAY BOTTOMER, Tassos Grammatikopoulos, Massoud Aghamirian, MARK FEDIKOW

A master composite (Master Comp) sample was prepared from three pegmatite zones from the Zoro Dyke D1 for mineralogical analysis and heavy liquid separation (HLS). The mineralogical examination was conducted on a subsample that was crushed to approximately P80 = 600 μm. The sample consists of spodumene (10.5 percent), quartz (29.3 percent), plagioclase (29.0 percent), K-feldspars (21.3 percent), micas (5.1 percent), tourmaline (2.9 percent) and Fe-Mn-phosphates (0.1 percent). Liberation of spodumene (88 percent) and gangue minerals, including quartz (89 percent), feldspars (94 percent) and micas (83 percent), is very good at this P80 . The average lithium (Li) concentration is 3.7 percent in spodumene, 2,196 ppm in micas, 1,001 ppm in tourmaline and 115 ppm in K-feldspars. Spodumene accounts for 96 percent of the total Li in the sample. The mineralogical data indicate the potential to recover spodumene by flotation with minimal Li losses due to other Li carriers. The HLS was conducted on a subsample that was crushed to smaller than 6.4 mm, with the smaller than 600 µm fraction removed from this test. The HLS results indicate it is possible to produce a high-grade lithium concentrate, with close to 6 percent Li2O, after the rejection of iron silicates with magnetic separation.

By J. W. Cooksley

Pyrometasomatic zones are a type of replacement deposit, normally in a carbonate rock unit, which consists of a zoned, coarse-grained, generally iron-rich mixture of calcium and magnesium silicates. These zones or rock masses are also called ?skarn,? and ?tactite?. They are formed as a result of the interaction of a shallow intrusion of magma with a carbonate or calcareous host rock and are considered to be of hydrothermal origin. Three environments of pyrometasomatic deposits are depicted in Figure 1. Of course, the interaction takes place at high temperatures. Pyrometasomatic zones are categorized as calcic or magnesian, depending on whether the intrusive interacts with a limestone or a dolomite. Common pyrometasomatic zone minerals are garnet, epidote, quartz, calcite, wollastonite, actinolite, hedenbergite and diopside. Pyrometasomatic zones are of considerable economic importance because they contain ore deposits of tungsten, molybdenum, copper, lead, zinc and iron. According to Rose and Burt (1979), the chronological sequence in the formation of a ?typical? pyrometasomatic deposit is as follows: 1. Shallow intrusion of magma at 900-700°C into carbonate sediments.

Jan 1, 1981

By V. Aghazadeh, E. Bidari, M. Aazami

In this study, mineralogical and microanalysis characterization, as well as diagnostic leaching and cyanidation tests, were performed to gain a better understanding of the refractory nature of the arsenical zone of a Carlin-type gold deposit and also to evaluate possible treatment routes to maximize gold recovery. The results obtained showed that only 56% of the ore’s gold content is amenable to direct cyanidation. The majority of the remaining gold was found as submicroscopic gold and in association with sulfide minerals, such as orpiment, pyrite, and sphalerite. It was also found that despite the abundance of silicate and carbonate minerals in the arsenical zone, they do not play a key role in the refractory nature of the ore, and gold can be liberated from such minerals by appropriate grinding. The analyses further revealed that orpiment dissolves readily during cyanidation, and this dissolution retards the kinetics of gold extraction. Pyrite and sphalerite were generally found to occur in fine network texture and in association with quartz. Flotation of such auriferous sulfides may be difficult due to their oxidized surface. Fine grinding (−20 μm) was found to be partially effective in improving gold extraction.

May 28, 2020

By Dan Nilsson

The Luossavaara "Research Mine" is the First large, offensive effort in mining research conducted by the Swedish state. Over a 5-year period, 1981-1985, the Swedish Mining Research Foundation works in the "Research Mine" on the development of mining systems and equipment. The purpose is to bolster the competitive strength of the Swedish mining and mining equipment industry. The previosly abandoned Luossavaara mine in Kiruna, in northern Sweden, has been reopened especially For the project. Ore is mined and sold during the course of the research project. The income from the sales covers a large portion of the costs for teh research.

Jan 1, 1985

By M. Ramokhothoane, S. Rupprecht

"NTRODUCTION Women employment in the mining industry dates back to the 19th century. Various parts of the world, for example, India, Japan, the United Kingdom and the United States of America had women employed in large numbers. The women’s jobs were primarily manual in nature. Women were used to carry coal in buckets from the coal face and out the mine, and those who worked on the surface plants were used to sort waste rock from the coal product. Other heavy industries, which were traditionally male dominated, for example the military, also had a considerable number of women supporting the war effort. The outbreak of war also caused a shortage of labour, which in turn, necessitated that women were used in various roles during the war. After World War II, women returned to their traditional roles, but had acquired new skills, and had a different outlook to life. The wearing of pants and short hair became fashionable, as a result of being in the army.Various laws were passed which prevented the employment of women underground. Different countries had rules that they believed were in the best interest of women and were of the opinion that the rules somehow were protecting women against the harsh working conditions. In South Africa, post 1994, there has been a shift in thinking in regard to the employment of women in the mines. WOMEN IN SOUTH AFRICA MINING In the words of the Minister of Women in the Presidency, Minister Susan Shabangu, “women must take centre [sic] stage as the country gears itself for the implementation of radical socio-economic transformation policies and programmes in the next five years” (SA Government News Agency, 2014). In as much as some progress has been made in advancing women, more needs to be done in order to realize sustainable benefits in the economy. The emancipation of women is a reality and remains top of the South African government agenda. From the Authors’ experience there are two types of men in the mines. The first group support change and see the value in it. To them, women in mining bring in the diversity and play the complementary role in achieving greatness. There is no fear of job security and humiliation but a great sense of “camaraderie”. The other group continues to enforce stereotypes, which works against the spirit of redressing the imbalances of the past."

Jan 1, 2018

By Cengiz Karagüzel, Ömer Canıeren

The mobility of gold and silver metals from refractory ores is very low due to free metal ions in their bodies that bind the transportable and free metal molecules or they are encapsulated in minerals such as sulfides, arsenosulfides, carbonaceous, and clayey materials which make it difficult to extract them. As known from the literature, the enrichment of oxide refractory gold, silver ores, Ag, and Au-rich flotation concentrated from sulfur refractory ores can be leached in the chloride-hypochlorite solutions. In this work, the leaching approach was studied to extract silver ions from refractory ores in the presence of hypochlorite media under high pressure. The mineralogical and scanning electron microscopy analysis of the sample indicated that the silver was encapsulated in barite and quartz minerals in fine sizes. In order to obtain the optimum leaching conditions for the silver ore, the effects of several parameters, namely, temperature, leaching time, NaCl and NaOCl concentration, solid ratio, and particle size on the leaching recovery were investigated in detail. The leaching experiments showed that the highest silver recovery of 62.35% was obtained under the following conditions: temperature of 150 °C, oxygen pressure of 1800 kPa, leaching time of 2 h, concentrations of 2 mol/dm3 and 0.4 mol/dm3 for NaCl and NaOCl, respectively, the solid ratio of 30%, and particle size (d80) 15 μm. The results obtained from this study indicated that the enrichment of refractory silver ores to extract the silver encapsulated in barite and quartz minerals could be possible in the chlorite-hypochlorite under high pressure, a relatively shorter leaching time compared to conventional cyanide leaching.

Jan 28, 2021

By Atta Ur Rehman, Kwame Awuah-Offei

"Information diffusion potential of a social media user affects how quickly information about a mineral project can diffuse through that user. If management can use social media and network analysis in community engagement programs to understand how fast and how far information will diffuse to communities and followers of particular social media users, it can selectively focus on the most influential users. This article proposes a method to examine the information diffusion potential of social media accounts. The work uses Gephi, an open source software, to extract and analyze data from different Twitter handles to predict their information diffusion potential. The work uses case studies of real Twitter users (e.g. mining news organizations and bloggers) associated with mining to illustrate the approach. The case study results show that there are significant disparities in information diffusion potential that will demand selective attention. This research will help mines develop effective social media engagement strategies.The mineral industry provides raw material for industrial activity to support society (Martens and Rattmann, 2001). Mines have changed from conventional mining practices to sustainable ones because of the negative impacts of mining in the past and increased public awareness (Wang et al., 2016). The concept of sustainable mining is getting mature, as stakeholders (e.g., governments, investors and host communities) are getting more involved in mining projects (World Economic Forum, 2014). The failure of mining companies to address the demands of these stakeholders might result in the failure to acquire a social license to operate (SLO) (Thomson and Boutilier, 2011). The SLO, if granted, is mutually beneficial to all stakeholders. Mines prefer being granted SLO and keeping it to avoid any kind of social unrest due to their operation (Prno, 2013; Moffat and Zhang, 2014). Mining communities can grant different levels of SLO ranging from withholding SLO to psychologically identifying with the project (Joyce and Thomson, 2000; Thomson and Boutilier, 2011).Most of the previous work to understand community perceptions and SLO in mining is generally qualitative (ICMM, 2012a; Thomson and Boutilier, 2011; Prno, 2013; Moffat and Zhang, 2014; IFC, 2014). In particular, there is limited work on how community perceptions change over time due to information diffusion (Boateng and Awuah-Offei, 2017). However, SLO changes with respect to time (Yates and Horvath, 2013), which can result in risks that are not easy to predict. Mine managers and engineers have a desire to understand these changes so as to mitigate these risks (Que and Awuah-Offei, 2014; Que et al., 2015)."

Jan 4, 2018

By F. F. Peng

A unique collector dispersion techniques was developed and used to improve the flotation rate and recovery of coarser and ultrafine coal-rich particles in the froth flotation processes. In this novel collector dispersion method, the collector such as hydrocarbon-oil is gasified and transported by gas phase (air stream) into the pulp. In addition to the excellent mode of collector dispersion, the collector-encapsulated air bubbles are generated in the pulp. This approach alters the surface properties of air bubbles and provides the fast rate of flotation compared to that of direct liquid collector addition froth flotation. Using gasified kerosene as the collector, the effect of altering surface properties of bubbles on the recovery of larger and finer coal-rich particles of -1.7 mm (-12 mesh) and -600 µ m (-30 mesh) raw coal samples were studied. The Redstone seam coal obtained from Northern Central region of West Virginia was used in this work. The effect of particle size on oil-coated bubble flotation rate and recovery were also evaluated. The conventional froth flotation test with a liquid form of kerosene addition was also conducted for comparison purpose.

Jan 1, 1991

By Patrick Browne

Drilling programs and the study of active geothermal systems have shown that the reservoir rocks in many fields contain minor quantities of base and precious metals. Commonly, base-metal sulfides occur in the subsurface but, where present, Au, Ag, Hg, As, T1 and Sb rich precipitates deposit near, or at, the surface. Although in some fields (Geysers, Larderello, Tongonan) some of the ore minerals (and others) are relict, there is evidence that they are now depositing in a few systems. Recent work on active hydrothermal systems in New Zealand shows that: (1) Sphalerite, galena, chalcopyrite (forming veins and disseminated discrete crystals) plus rare pentlandite, cobaltite and arsenopyrite, occur at Broadlands, NZ. Rare quantities of base-metal sulfides also occur in cores and cuttings from the geothermal fields of Waiotapu, Kawerau, Tauhara, and Ngawha. Further, Kakimoto (1983) has identified cassiterite, native silver, and trace gold in cores from Tauhara, in the south-eastern part of the Wairakei field. Bore temperatures at the depths from which these minerals were recovered are mostly between 220° and 300°C, but at Broadlands are locally as low as 120°C. The host rocks are Quaternary talc-alkali, silicic lavas and pyroclastic rocks, andesites, dacite and deep Mesozoic greywackes and argillites; however, there is no obvious relationship between mineralization and stratigraphy, permeability or well output. (2) The deposition of amorphous precious metal precipitates (Au, Ag, Hg, As, Sb, T1) from hot springs and well discharges has taken place at Broadlands, Waiotapu and Rotokawa; it also occurs at Kawerau. (3) Water discharging from Frying Pan Lake, Waimangu, is presently depositing siliceous sinter containing up to 4.1% tungsten. A characteristic of mineral-depositing fluids in the New Zealand geothermal fields is their very low salinity (total dissolved salts of 3000 ppm or less but with high CO2); they are of near- neutral alkali chloride composition, although water discharging from Frying Pan Lake has a pH of 4.5, and very low metal contents. Very effective concentration processes (10 times for gold at Broadlands) must occur: in the subsurface these include boiling and rapid cooling but near, and at, the surface, mixing of waters of different pH seems to dominate. In particular, descending acid condensate, derived from separated steam and oxidation of H2S mixes with its parent alkali chloride water, resulting in precipitation of amorphous ore metals. Base-metal sulfides also occur in veins and as disseminated grains in geothermal fields at Tongonan, Leyte and Southern Negros, Philippines. These fields have a porphyry-type setting with host rocks of Miocene andesitic lavas and pyroclastics intruded by diorites so that the fields have undergone complicated thermal histories before cooling to their present base temperatures of about 325°C. Precious metals have precipitated from waters from some wells (Leach, pers. comm.) but they do not, as yet, form ore-grade deposits.

Jan 1, 1984

By G. S. Austin

New Mexico produced 83% of domestic potash and 27% of domestic consumption in 1992. The potash industry of New Mexico produces sylvite (KCI), langbeinite (K2SO4-2Mg(SO4)2), and artificial K2SO4. Average sylvite grade in New Mexico today is about 14%. The average grade of langbeinite is 8-10% Kp. Commercial potash occurs in the middle or McNutt Member of the Salado Formation (Upper Permian Ochoan Series). The 120-m-thick McNutt Member dips about 1° east and contains 11 of 12 potential ore zones in the Salado. The mineralogy and proportion of clay minerals, up to 7% of the ore, influence optimum milling procedures and ore grade cutoff.

Jan 1, 1994

By James R. Hindman

Vermiculite is the mineralogical name generally applied to a group of hydrated, trioctahedral ferromagnesian aluminum platty or micaceous silicate minerals. In microscopic particles the mineral as mineral is differentiated from montmorillonite by a higher Si:AI ratio of approximately 3:l and a higher layer charge and higher cation exchange capacities. Commercial vermiculite, the vermiculite which is mined, beneficiated, and discussed in this chapter, is an important industrial mineral which is formed by the alteration of macroscopic particles of biotite and iron-bearing phlogopite. In natural form it has the size and shape of mica, while possessing the ion exchangeable properties of zeolites and some clays. Within the internal structure of vermiculite lie water molecules, which when rapidly heated to high temperature, transform into steam causing the vermiculite particles to increase in volume. This process of thermal exfoliation produces a lightweight product which finds use in various construction products, agriculture, horticulture, and other industrial applications. In exfoliated form it has the low density and biological inertness of expanded perlite, while maintaining a chemically active surface. Most of the uses of vermiculite are for the thermally exfoliated material. In addition, the cation exchange potential of vermiculite and its layer-silicate structure are properties which can be used as the basis for numerous products including intumescent coatings and gaskets, inorganic films, and the treatment of nuclear and other toxic waste. When chemically and physically modified, it possesses some properties common to organoclays and synthetic compounds. In high purity concentrates and manufactured products, these properties can be altered and optimized in applications to produce superior performance. GEOLOGY Mineralogy Vermiculite was first described as a mineral by Thomas H. Webb in 1824. Webb believed vermiculite to be a variety of talc and described its diagnostic property of thermal exfoliation thusly: "If subjected to the flame of a blowpipe, or that of a common lamp, it expands and shoots out into a variety of fanciful forms, resembling most generally small worms having the vermicular motion exact." Observing that with one exception, all commercial vermiculite has formed by the alteration of iron-bearing phlogopite, a simple definition of vermiculite might be the alteration product of trioctahedral micas, macroscopic particles of which display marked exfoliation when heated rapidly to temperatures above 374°C (the critical temperature of water). The first vermiculite described was found near Worcester, MA, but it was later pointed out by Brush (1866) that vermiculite had been known for some time in Japan as a children's novelty. Because the techniques for mineral analysis were somewhat primitive com- pared to those routinely available today, and because the structure and crystal chemistry of the micas and related minerals were not widely understood, the early literature generated at least 20 "new" minerals which were nothing more than variations in the color and chemistry displayed by vermiculite. Trade names such as Dugarlite, Mandolitem, Strong-LiteTM, and Zonolitem are sometimes used to denote commercial vermiculite, thermally exfoliated vermiculite and their products. Vermiculite particles resemble mica and vary in color from colorless through tan and green to black, depending on the chemical composition. Most physical and optical properties are close to those of biotite, with perfect basal cleavage, hardness between 1.5 and 2.5 Mohs, and specific gravity between 2.2 to 2.8. Fine-sized particles will feel talcose, especially when wet. However, for commercial vermiculite the diagnostic test is that of thermal exfoliation. Vermiculite can display a wide range of compositions, depending on the composition of the original mica and the change of chemistry during weathering and ion exchange. Chemical data for some commercial vermiculites are given in [Table 1]. There are numerous analyses for vermiculite given in the literature, and the analyses of vermiculites from commercial deposits will fall within the range indicated by the average analysis in the table. Many analyses separate the adsorbed water (H2OP) from crystalline water and water as hydroxyl (H20+). The basis of separation of adsorbed water is generally considered to be 100°C. However, hydrate water within the vermiculite interlayer begins to be lost at 75°C and lower. Therefore, measured water content and loss on ignition are combined in the table as H20[total].

Jan 1, 1994

By Stephen Semeniuk

Working with junior mining companies as a valuer, my experience with regulators is that simplicity works and the sales comparison method is the way to go. What I like about Mr. Ellis?s approach (as in his Table 7) is the integration of commodity prices with the timing of acquisitions and the implication of price changes in gold on the adjustment of individual project valuations. However, the sample gold-related appraisals in Ellis?s paper are pre-2008 transactions and readers should be made aware of the current market for such projects. Before moving on, to be noted is that the effective date of the Las Brisas appraisal (Ellis?s sample Appraisal 3) is Feb. 10, 2006; given that the subject value of Transaction 9, Choco 10 in Ellis?s Table 6 was listed as $353 million for a 95% interest in the con-cession, I am uncomfortable accepting that the acquisition was suddenly worth the adjusted value of $1,205 million (as given in Ellis?s Table 7). In some cases, illiquidity discounts can apply, and commodity-wise, in the one-month period between the acquisition in January 2006 and the adjustment to the Las Brisas conditions as of February 10, 2006, the indicated gold price change was only 41 cents/g ($12.60/oz); i.e., from $17.50/g to $17.91/g ($544.40/oz to $557/oz).

Jan 1, 2012