Search Documents

By Jan Luca Grunow, Ansgar Bendiek, Klaus Böde

According to the Markowitz portfolio theory the value of a diversified portfolio is higher than the sum of the parts of a portfolio, which is an important consideration for the correct valuation. This is valid for real estate portfolios as well as for mining assets (or enterprises). This paper analyses the application of the portfolio theory to a diversified portfolio of assets in the real estate industry and draws conclusions on further research work to be done in the minerals industry. The volume of real estate transactions is increasing over recent years. As such, the nature of those transactions is constantly changing and in some cases portfolios become more heterogeneous as they are composed of different property categories, e.g. locations and types of use. This makes their economic evaluation more difficult. This paper focuses on the acquisition of a fairly heterogeneous real estate property portfolio purchased by “Commerz Real” in Germany in Q4 2019. For economic evaluation the widely used Markowitz portfolio theory (Markowitz, 1952) was applied. It was investigated whether diversification effects could achieve added value in the form of a reduction in risk compared to the sum of their individual components. As a result the findings of this research could be applied to other heterogeneous real estate transactions and even to mine property portfolio or PPP1 project portfolio transactions.

Jun 25, 2023

By R. Hurman Eric

Within the Ag-Pb-S ternary system, the boundaries of the immiscibility region together with the tie-line distributions were re-established at 925°C by the equilibrium-quenching technique where samples were kept in evacuated and sealed silica capsules. Activities of Pb were measured by the dew-point method along the Ag-Pb binary at 925°C, 1100° and l200°C, positive deviations were observed and the results were modeled by the Krupkowski formalism. Activities of Ag, Pb, and S, along the ternary miscibility gap were calculated at 925°C by utilizing the boundaries binary thermodynamics, phase equilibria and tie-lines. Activities of PbS within the pseudobinary Ag2S-PbS mattes were also measured by the dew-point technique and the results were again modeled by the Krupkowski formation where negative deviations were observed.

Jan 1, 2003

By Nelson Reátegui

El presente trabajo describe los sistemas computarizados utilizados en el centro de operaciones, explotación y beneficio de Hierro Perú, compañía minera localizada en el departamento de Ica. Inicialmente, la función de un sistema computarizado se limitaba a la reducción de costos en la mano de obra y a realizar operaciones básicas en los negocios. Posteriormente, esta situación cambió ya que estos sistemas se utilizan en los niveles de la gestión empresarial.l. Asimismo se explica las aplicaciones de este sistema al comercio, al tipo técnico-científico, así como el cálculo de reservas y el desarrollo del sistema computarizado de performance de equipo.

Nov 20, 1978

By Yasser Mohamed

Daily field management of earthmoving operations requires quick and regular decisions for allocating available equipment to different jobs on a project. A general foreman?s day starts with matching several activities with a suitable set of available equipment to achieve the highest productivity and lowest unit cost. Usually, this decision-making process needs to be quick, and depends to a great extent on the foreman?s experience, which varies from one individual to another. Many analytical solutions with various degrees of sophistication and optimization exist to address such decisions. However, adopting any of these solutions is contingent on how accessible and easy-to-use the solution is. This paper discusses the development process of a webaccessible solution for evaluating earthmoving fleet composition and allocation scenarios. The solution relies on discrete event simulation and an optimization backend engine, but introduces the user with a simplified and easy-to-use interface that is accessible from any mobile device, and is customized to specific user?s needs. The developed system gathers most equipment and site-related input data from a company?s information systems to minimize user input. The user mainly needs to formulate equipment and job combinations and allocation scenarios (e.g. soil type, quantity, and hauling distance), according to equipment availability each day. Then the system will evaluate the productivity and unit cost estimates for each scenario, allowing the user to choose the most suitable one. It may also be used to automatically recommend the optimum solution given an available list of equipment. The paper presents the process followed in prototyping the proposed system in collaboration with a major Canadian earthmoving contractor, and customizing it to the user needs within the company. It also describes the overall structure of the developed system and its core simulation model.

Aug 1, 2013

By S. H. Lorain

This paper briefly describes the principal known commercial and near commercial deposits of gold-bearing gravel end the principal placer mining operations of Idaho County, Idaho. It is one of a series of similar papers on western mining districts. The data used in writing this paper were gathered during the summer of 1937. Information concerning gold-bearing gravels was obtained from prospectors and operators, while operators supplied most of the data on mining operations. No attempt was made actually to test the gravels. The principal object of the examination was to indicate placer areas worthy of further investigation by prospective operators.

Jan 1, 1938

By Andrew St. Amant

This report reviews the first three "investigative and concept generation" phases of the referenced contract, and details task performance of Phase IV. This last phase integrated the most promising concepts from Phases I, II, and III into a prototype detailed design which was manufactured, and then tested on a mine locomotive. The concepts developed during the first three phases provided "Improved Pole Tracking," automatic "Rapid Pole Retraction" in the event of dewirement, and servo-operated "Remote Pole Repositioning" on the trolley wire. The Appendix of this report supplies detailed information for the design and construction of the prototype system which is comprised of an RCB (Remotely Controlled Base subassembly), an RCL (Remote Control Lever subassembly) and an SAU (Servo Amplifier Unit) subassembly.

Jan 1, 1980

By J. M. Davidson

The potassium mineral polyhalite (K2SO4.MgSO4.2CaSO4.2H2O) found in large deposits in western Texas and southeastern New Mexico is associated with varying amounts of halite (sodium, chloride, NaCl) and anhydrite (calcium sulphate, CaSO4). Although the anhydrite, because of its low solubility and slow rate of solution, is relatively inert, the halite is dissolved immediately in any process solution with which the polyhalite comes in contact. Limited quantities of sodium chloride in the liquors used for the hot extraction of polyhalite materially improve the results obtained, but only a very small sodium chloride content may be desired in the entering polyhalite in other procedures, such as Bureau of Mines process. In all of the processes suggested for the recovery-of potassium sulphate from polyhalite the control of the sodium chloride content will be desirable, if not absolutely essential to efficient operation.

Jan 1, 1934

By Fabio Santillán, Mario Mauro, Raffaella Granata

"This paper presents the utilization of slurry walls methods for the recent remediation of three high hazard active dams in the United States. Tuttle Creek Dam, located in Manhattan, KS, required seismic retrofit. To this extent, transverse shear walls were installed on the downstream slope using self-hardening slurry (SHS) to reinforce the liquefiable foundation soils. Herbert Hoover Dike, located around Lake Okeechobee, FL, is subject to potential failure because of internal erosion, piping and slope instability at high water levels. The innovative use of the hydromill equipment with SHS allowed the successful construction of the cutoff wall through heterogeneous soils and rock. At Bolivar Dam, located in Bolivar, OH, under-seepage negatively affects the structural stability of the dam, and a partial seepage barrier wall is required through the upstream slope of the dam. In this case, the Contractor selected the plastic concrete seepage barrier, excavated by a combination of clamshell and hydromill equipment. The main features of the three projects are summarized in Table 1. IntroductionTuttle Creek Dam was constructed by the U.S. Army Corp of Engineers (USACE) on the Big Blue River in North-East Kansas in the 1950s for flood control. Tuttle Creek Dam is a zoned earthfill embankment, 7,500 ft long and about 137 ft high with a crest width of 50 ft (Fig. 1). It is located in an area of moderate seismicity associated with an old continental rift zone located just to the east of the dam. The USACE, under the Dam Safety and Assurance Program, determined the need for remediation. Site investigations and geotechnical analyses identified the upper alluvial foundation sands as being susceptible to liquefaction when subjected to the Maximum Credible Earthquake.In 2005, USACE awarded a construction-manager-at-risk/early Contractor involvement contract. The USACE and the Contractor closely cooperated to identify the most effective technologies, materials and configurations to be used in the remediation. The original remediation design required both the upstream and downstream slope stabilization of liquefiable foundation. Results of refined seismic deformation analyses revealed that the stabilization of the downstream slope and toe was needed to protect the downstream seepage control system and to provide assurance that a liquefaction-induced flow slide would not occur (Stark et al., 2012)."

Jan 1, 2016

By Charles A. Seitz

This Bureau of Mines report describes a chromatographic method for analyzing impurities in helium that utilizes a helium carrier gas contain-ing 25 to 30 ppm Ne. An example of the effect of trace amounts of nitrogen, methane, and moisture on the detector's response is shown. The added neon in the carrier does away with irregularities of the analysis which were experienced when the carrier contained up to 3 ppm Ne. The addition of 25 to 30 ppm Ne causes a loss of sensitivity, but the re-maining sensitivity is adequate for routine analyses. The high-neon carrier allows positive and more linear responses for eight impurities: neon, hydrogen, argon, oxygen, nitrogen, methane, carbon dioxide, and ethane. Neon concentration levels of 0.02 to 125 ppm in helium carrier gases were studied. The high-neon carrier has been in successful rou-tine use in Bureau of Mines helium facilities since October 1981.

Jan 1, 1985

By Gunnar Thaning

The iron ores mined by LKAB in the north of Sweden have excellent beneficiation properties. This gives LKAB a favourable position as regards the production of low silica pellets for direct reduction. LKAB have concentrated on developing and marketing grades of pellets for the Midrex-Purofer-HyL process group, i.e. such D.R. processes which are carried out in a shaft furnace or a static bed using reformed natural gas as a reducing agent. The paper deals with properties and quality demands of iron ore pellets for such processes. Matters such as the effect of the residual magnetite in the fired pellets on the degree of metallization, the amount and composition of the slag phase in the pellets, the mechanism of the disintegration during reduction, the state of swelling of the pellets during the conditions prevailing in these processes, the importance of the porosity, the improvement of the reducibility and lowering of the sticking tendency of the pellets by small additions of suitable additives and the influence of the pellet size are discussed. A special test procedure for D.R. pellets has been elaborated by LKAB. Thus, three metallurgical properties are routinely determined separately, namely reducibility, reduction strength and sticking. The test methods are described. Finally the present and future LKAB pellets for direct reduction are presented with respect to chemical analyses and metallurgical properties.

Jan 1, 1978

By R. Hurman Eric

Within the Ag-Pb-S ternary system, the boundaries of the immiscibility region together with the tie-line distributions were re-established at 925°C by the equilibrium-quenching technique where samples were kept in evacuated and sealed silica capsules. Activities of Pb were measured by the dew-point method along the Ag-Pb binary at 925°C, 1100° and 1200°C. positive deviations were observed and the results were modeled by the Krupkowski formalism. Activities of Ag, Pb, and S, along the ternary miscibility gap were calculated at 925°C by utilizing the boundaries binary thermodynamics, phase equilibria and tie-lines. Activities of PbS within the pseudobinary Ag2S-PbS mattes were also measured by the dew-point technique and the results were again modeled by the Krupkowski formation Where negative deviations were observed.

Jan 1, 2003

By E H. O Meyer, K van Dyk

Fine powders normally exhibit, to a more or lesser extent, some ability to participate in dust explosions. Zinc dust as used in the extractive metallurgy of zinc, is not known to be a reactive powder in the industry. No evidence could be found in the literature where zinc dust was involved in an explosion or explosive type event. On 3 May 2002 an explosive type incident occurred at Zincor in Springs, South Africa, which led to a fatal accident. Given the history of relative benign behaviour of zinc powders under conditions conducive to dust explosions, it was decided to share the information of this incident with industry in an effort to prevent similar incidents. Therefore, the purpose of this paper is to describe the incident that occurred at Zincor, discuss the major findings, report on corrective actions, as well as publish the results of subsequent tests that were performed to determine the conditions under which zinc powder exhibits explosive characteristics.

Jan 1, 2005

By J. L. Johnson

The U.S. Department of the Interior, Bureau of Mines, investigated recovery of concentrates containing tin, tantalum, and niobium from the Kougarok deposit on the Seward Peninsula, AK. To date, 25 million lb of tin has been delineated in occurrences containing 0.36 to 1.32 pct Sn, and the resource potential is estimated to be as high as 25 million short tons at average grades of 0.75 pct Sn, 0.025 pct Ta, and 0,025 pct Nb. Deslimed ore was concentrated to 54 pct Sn, 0.3 pct Ta, and 0.3 pct Nb, with recoveries of 74 pct Sn and 44 pct Ta/Nb using a Humphrey's* spiral followed by a Deister shaking table. Tin values in the slimes were upgraded to a 5-pct-Sn concentrate using a Bartles-Mozley separator followed by flotation. The 5- pct-Sn was further upgraded by fuming to give a concentrate containing approximately 60 pct Sn. The recovery of the two products combined was 80 pct Sn and 46 pct Ta/Nb, A flowsheet with mill-design parameters resulted from the metallurgical testing. An economic analysis was made based on the proposed process.

Jan 1, 1990

By Bora Okumusoglu, Devon K. V. Mothersille

"AnchorTest is an innovative software package, specifically developed for tablets, that permits ground anchor test data assessment and management in real time. The solution has two components: a front-end tablet app runs on the Apple iPad platform, and a back-end Cloudbased system running on Amazon Web Services with an online cross-platform website, which can be accessed from any PC, tablet or even mobile smartphone. This tool provides full data analysis and data management capabilities and portability to create greater efficiency in the anchor testing process. AnchorTest is programmed to accommodate the major international anchor testing codes and incorporates an intuitive user interface, which is revolutionary compared to conventional engineering software designs. The use of this tool creates an environment where the testing of ground anchors has effectively become a paperless exercise with greater efficiency and access to instantaneous feedback on the performance of anchors in relation to established acceptance criteria.Historically, project personnel record and analyze the results from anchor load tests using spreadsheets and a laptop computer and/or on predesigned paperbased test sheets (usually as a backup of the testing). In addition, the processing of the test results is not typically performed in real time as the testing progresses — the calculations and analysis are performed either afterward while still on site (if a field office is available) or after returning to the office. Undoubtedly, on larger projects containing numerous anchors where multiple anchor tests may be performed at the same time, processing, analyzing and accepting the load test data and results can be especially time consuming, which could cause delays to the construction schedule.DevelopmentThe need for a more automated and digitized approach to record, process and analyze the data from anchor load tests was highlighted at a deep basement project for a mixed-use development complex in Moscow, Russia. The diaphragm wall supporting the structure was approximately 1,970 ft (600 m) in perimeter length and about 148 ft (45 m) deep, with an excavated depth of about 82 ft (25 m), which required six levels of single bore multiple anchors (SBMAs). This project provided a challenge to recording, processing and signing off on the data generated from some 3,600 3-unit SBMAs. More specifically, for this project, three hydraulically synchronized stressing jacks were used to stress and proof test each 3-unit SBMA, which resulted in nearly 10,800 data plots of the load-extension tests being generated. This project served as the main impetus in the conceptual design and optimization of AnchorTest."

Jan 1, 2017

By H. E. Grier, H. H. Aronson, H. F. Coffer

"Nuclear explosions are currently being planned for use in oil and gas production, the recovery of oil from oil shale, gas storage and copper leaching. The current status of each of these projects is discussed, with emphasis on the economics of each application. The first commercial application of nuclear explosives will be in gas stimulation. Project Gasbuggy will be rapidly followed by two additional shots, also related to gas production. These three events, each in a different formation, will be described in this paper with a discussion on their significance to the world's oil and gas industry. The use of nuclear explosives in oil and gas stimulation should be a standard accepted practice within a few years. Calculations based on explosions in media such as tuff, alluvium, granite and dolomite predict large increases in productivity when nuclear devices are used in tight, thick formations. The broken-up rock resulting from the explosion becomes the new well bore, with a production rate of six to twelve times that of a normally completed well.Also included in the paper is a discussion of the real or possible problems associated with nuclear explosive engineering. The only major foreseeable problem is the seismic shock wave. This limits the size of explosive which can be used near important surface structures. A discussion is included on the radiation problem, which we believe to be largely psychological in the case of contained explosions."

Jan 1, 1968

By J. A. Herbst

A state of the art computer simulation package, named UTAH-MODSIM is being developed. This package can run on a mainframe (eg. UNIVAC) as well as on a microcomputer (eg. IBM/PC with at least 512 kBytes of core memory). Friendliness was the major concern in developing this software. The user simply generates a complete flowsheet by presenting the flowsheet on a graphics terminal. This flowsheet defines the circuit to be simulated. With the minimum required data, the user can obtain a complete mass and water balances within a few minutes. Moreover, this package will provide scale-up and capital cost information of specified equipment relevant to design. In order to illustrate the utility of this software, three design examples are given. They are: a) A typical multistage crushing plant. b) A reverse closed grinding circuit comparing one stage with two stage classification. c) A standard closed grinding circuit suitable to liberate a specified fraction of chalcopyrite from a copper ore.

Jan 1, 1986

The U.S. Bureau of Mines and the U.S. Mine Safety and Health Administration (MSHA) are participating jointly in a research program to evaluate the strength characteristics and air-leakage resistance of various proposed seal designs for use in underground coal mines. The full-scale seals were constructed in the USBM's experimental mine at the Lake Lynn Laboratory, air-leakage tested, then subjected to pressure pulses of 20 psig or greater. In experiments prior to this study, seven seal designs using solid-concrete blocks were tested. Only the standard-type seal passed the explosion and air-leakage criteria. Tests also were performed on four seals constructed with low-density foam blocks. All four of these seal designs withstood the pressure pulse. In more recent studies, nine cementitious foam seal designs of varying thicknesses and densities were investigated. Six of the nine designs successfully survived the explosion overpressures. Six wood-block convergence seals also have been tested. The typical 3-ft-thick, wood-block seal design currently used in many coal mines did not maintain its integrity, in the absence of convergence forces, following the explosion test. Five modified wood-block seals successfully withstood the 20-psig pressure pulse. Based on these tests, three alternative seal construction materials, cementitious foam, low-density foam block, and wood, have been approved by MSHA for use in underground coal mines.

Jan 1, 2010

By Tim Arnold

"Justified is a show on FX that takes place in Kentucky coal country. The two main characters, a cop named Raylan and a criminal named Boyd, are adversarial to the very end, yet they manage to maintain a seemingly inexplicable bond of friendship through it all. The final episode ends (spoiler alert) with Boyd asking Raylan why that is. He responds, “If I allow myself to be sentimental, there is one thing I wander back to” Boyd responds, “We dug coal together.” Fade to black.What creates these types of bonds between friends and co-workers in mining? I don’t know about you, but many of my best friends I met in mining. Certainly the people I respect the most in this world are a part of our industry. Good, honest, honorable men and women. And I am not just talking about the leaders of our industry. I am talking about great miners who taught me how to do the right thing and also be productive.I have had the pleasure to work for some great people and the misfortune of working for some of the loudest screamers. What I consider the worst butt-chewing in my life may surprise you. I once worked for a man I respected, because he showed me respect. He went on a business trip and left some instructions. For some reason, I was able to justify to myself that they applied to everybody but me, and I disobeyed them. When he returned he called me into his office and said to me: “Tim, you pissed me off when you did that.” He said it quietly and with no anger. I had lost his respect. This devastated me more than any screaming shift boss ever could have. I learned a lot about values from that conversation.Most of us will spend more time at work than we will with our families over a lifetime. It is natural that tight bonds be created at work. What I believe makes mining special is that these bonds are so strong. They are strengthened by the incredibly hard work our miners do. They work at all hours, on holidays and in all sorts of extreme weather conditions. The physical demands of the job are sometimes exhausting. Our bonds are further reinforced because the work is dangerous. Not only does management watch out for the wellbeing of their people, but each and every one of us looks out for one another. The bonds are made tight because our people are so passionate about what they do, no matter the department or profession. Finally, they are strong because of the thousands in the industry that keep doing the right thing, every day. We make great friends in this industry because of the strength of character of our people. That is why Boyd and Raylan respected one another so much."

Sep 1, 2016

By A. W. Deurbrouck

This report describes the washability characteristics of 18 coal samples taken from 11 drill hole cores from the San Juan Basin area of New Mexico and Colorado. The ash content of these coals could generally be substantially reduced by removing the heavy impurities. The coals were characteristically low in sulfur content; only one sample contained more than 1 percent sulfur after removing the sink-I.50 specific gravity material. The coals ranged in rank from subbituminous C to high volatile C; 11 of the samples were subbituminous A. Many of these core samples came from areas where very little fieldwork has been done; consequently, an outgrowth of this work has been an increase in known coal reserves of the San Juan Basin area.

Jan 1, 1972

By L. S. Harner

This paper which describes the milling practice at the Golden Cycle mill is one of a series of similar papers being prepared by the United States Bureau of Mines. The mill of the Golden Cycle Corporation, formerly known as the Golden Cycle Mining and Reduction Co., is located at Colorado Springs, Colorado, and has been operated since 1907. It is now and has been from its inception almost exclusively a custom mill.

Jan 1, 1933