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By John R. Bogert

The title of this session is "Wall Street Looks at the Mining Industry," and I am going to attempt to answer the question: Shouldn't Mining Stocks Sell at Higher Price Levels? Or, What Does Wall Street See When Looking at the Mining Industry? Well, it sees a capital intensive business, a technical industry, and a growing industry becoming more vertically integrated. But, at the same time, Wall Street sees a cyclical industry, a fragmented industry of erratic earnings, spotty public relations, a feast-or-famine business where the public usually does not differentiate between coal mining or metal mining, and does not appreciate either the risks or the rewards. As a result, mining stocks generally sell at relatively low price learnings ratios in comparison to other industrial groups. This PIE ratio, the current market price of the capital stock divided by annual earnings per share, is probably the most popular index of a stock's value. The average of the price/ earnings ratios of the 30 stocks comprising the Dow Jones Industrial Average is over 14. This diverse group of stocks is widely regarded as being a cross-section and representative of the industrial companies listed on the New York Stock Exchange. However, in comparison to 14, Asarco and Kennecott shares are currently available for about 8 times annual earnings. Even discounting earnings from South America, the stock of these two companies sells at only 10 times earnings. Of course, Peruvian politics is currently preventing Cerro shares from selling above 6 times earnings, and Chilean politics keeps Anaconda shares at a PIE multiple of 7. However, even in better times, these companies rarely sell above 10 times earnings. American Metal Climax and Newmont sell at only 11 times earnings as does Phelps Dodge and St. Joseph Lead. Few mining companies then have what can be considered a high PIE ratio-a figure higher than

Jan 1, 1970

By K. H. Lee

The rate of beryllium dissolution from a low-grade ore was studied in sulfuric acid solutions. The effect of stirring speed, sulfuric acid concentration, particle size and temperature on the rate of dissolution of beryllium was established. The results of the study showed that the dissolution rate is independent of stirring speed within the range of 250-1000 rpm but depends on 1/2 power of the sulfuric acid concentration. The dissolution rate increases exponentially with decrease in particle size and the maximum attainable rate of extraction with respect to particle size is 6.6 x 10 mol dm min. The apparent activation energy (^E) for the dissolution reaction is 54.4 kJ/mol (13.0 kcal/mol). Based on this magnitude of the activation energy, it is concluded that a surface chemical reaction is the rate limiting step for the temperature range (70° -100°C) investigated.

Jan 1, 1988

By K. N. Han

The leaching behavior of palladium in ammoniacal solutions was investigated by using the rotating-disk technique in an autoclave. The study included the effects of rotation speed, temperature, oxygen pressure, composition of ammoniacal solutions and catalysts on the overall leaching rate. The dissolution of palladium in ammoniacal solutions was discussed in terms of the thermodynamics and a kinetic model. Even though the Eh-pH diagram suggests that palladium metal can dissolve in ammoniacal solutions at room temperature, it was found that the dissolution was very slow at temperatures below 100 °C but was significantly improved at higher temperatures. It was also found that the rotating speed of the palladium disk had no effect on the leaching rate. The apparent activation energy was found to he 69.7 kJ/mole. Based on the results obtained, it was concluded that the dissolution of palladium is controlled by chemical reaction.

Jan 1, 1999

By P. Otto, G. Borm, Th. Dickmann, F. Amberg, R. Giese

Based on many years experience, the well approved Tunnel Seismic Prediction System (TSP) has been substantially enhanced for online geological prognosis in underground construction. The method provides high resolution seismic images of the rock mass ahead of a tunnel face via an array of standard anchor rods. These contain3D-geophones and can routinely be installed during the excavation process. A further outstanding feature of the system is the newly developed high frequency repetitive seismic source which can easily be fixed at a tunnel boring machine. A user-friendly software package enables online data acquisition, processing, 3D-visualization, and interpretation.

Jan 1, 2001

By C. Newman

"As underground mining continues to operate at deeper depths and in more complex multiple seam mining geometries there has been an increased demand for higher design standards in ground control safety and stability within the mining industry. For the past 20 years, NIOSH has developed and validated a number of software tools to aid in the development of safer mining environments with respect to improved roof support performance, pillar stability in longwall and room and pillar mines, formation characterization, the prediction of roof conditions, etc. These tools are available, free of charge, to the mining industry as stand-alone software packages. As cloud computing gains momentum, there is a definite need to develop internet based applications for mine design that would be easily accessible to any user at any time, including underground where permitted. This paper introduces a new web-based product which will allow for faster and easier access to existing ground control designs, on-the-fly calculations in the field as needed, and instant online collaboration between operations personnel and planning engineers. It is expected that the industry will rapidly embrace this product and, as it is common with all new innovative technologies, it will be a new paradigm for mining engineering computer applications. INTRODUCTION Since its release to the public in the late 1980's, the World Wide Web has drastically changed from a collection of static HTML web pages to a dynamic vehicle driving e-commerce, collaborative working relationships, and the mass distribution of information and media (Offutt, 2002). Recent developments in Internet capabilities, such as Cloud Computing and Software as a Service, have begun a migration away from desktop-based software in adoption of the web application (Hayes, 2008). Web applications, or web apps, are designed on the client-server architecture paradigm in which the client, or user, can interact with an application through web browsers without disrupting or installing software on potentially thousands of client computers (Nations, 2015). Currently, web-based software applications are being utilized in all business sectors and markets from commerce, finance, media, and even engineering. In fact, the Alabama Department of Transportation has developed a web-based geotechnical geographical information system (GeoGIS) for the management of and access to geotechnical and subsurface data for transportation projects across the state (Graettinger, et al., 2001). Similarly, Dyno Noble has developed a service application for explosive engineers. The Explosives Engineers' Guide application equips users with a full range of product information as well as on-demand blasting calculations for powder factor, airblast prediction, ground vibration, etc. Through the incorporation of a web server, one is able to utilize the functionality of the desktop-based software through a web browser located on any personal computer, tablet, or Smartphone (Vaughan-Nichols, 2002)."

Jan 1, 2016

By T. F. Tomb

on' January 6, ,1992, the Mine Safety and Health Administration (MSHA) issued an Advanced Notice of Proposed Rule Making (ANPRM) for diesel particulate (DP). The ANPRM identified five areas where the Agency was seeking additional information to assist in the rule making process. These areas were exposure 'limits, risk assessment, consideration of other information, sampling and monitoring methods, and feasibility. The period for submitting information relative to the ANPRM closed July 10, 1992. Prior to issuance of the ANPRM, the agency was involved in conducting studies to evaluate sampling and control technologies and to gather information with respect to occupational exposures to diesel particulate in underground mining operations employing diesel-powered equipment. Since issuance of the notice, additional studies have been conducted to provide supplementary information in these specific areas. Results of these additional studies indicate that average DP levels in coal mines not using aftertreatment range from 0.9 to 2.1 mg/m3. Aftertreatment devices can reduce these levels by approximately 50 to 90 percent. Studies conducted in metal and nonmetal mines showed average DP levels ranging from 0.3 to 1.6 mg/m3.

Jan 1, 1994

By W. Trask

The state of the art in crawler transporters for loads to 3 kt (3300 st) is sufficiently advanced to allow compilation of job cost figures showing the economics of tracked vehicle use under a wide variety of circumstances. Initial costs, cost per ton of capacity, and operational and maintenance expenses are presented. Data is derived from participation by the Neil F. Lampson Co. in more than 3 Mt - km (2.05 million st - mile) of crawler operation during the past 16 years. The effects of economics on future design trends will be examined with particular reference to versatility, portability, and capacity.

Jan 1, 1987

By Leslie S. Halasz

This paper describes the techniques implemented at Randfontein Estates to develop twin-haulages at 'high speed'. An operation which culminated in the world record advance for twin-end multiblast cyclic development in hard abrasive quartzites. A major expansion project was planned for the mine, with the sinking of a third twin-shaft system (to be known as Cooke No. 3), to raise the level of ore production from 3 500 000 to 5 000 000 tonnes per alumm. Subsequent redesign of the proposed shaft system as a single 9 m brattice wall shaft took place, reducing the planned shaft sinking period by 12 months and saving an estimated R 250 000 (U.S. $ 330 000) in sinking costs. The advancement of the Cooke No. 3 Shaft sinking and development programme necessitated a rapid excavation schedule for two interconnecting twin-haulages from the existing Cooke No. 2 twin shaft complex to provide a second means of egress. An early holing between the two shafts would provide significant financial and technical benefits. Pre-development and equipping of shaft pillar excavations would enable a rapid shaft production build up and blocking out of at least one year's ore-reserves.

Jan 1, 1983

By Jerry Williams

GEORGE WEINMAN: At this time, our co-chair, Jamie Davis from Phelps Dodge, will come to the podium. JAMIE DAVIS: Our next speaker is Jerry Williams from Phelps Dodge, Morenci. Jerry is the maintenance planning supervisor and is in charge of preventative maintenance and maintenance scheduling. Jerry's group uses predictive tools to monitor and predict the equipment failure throughout the mine, from pumps to shovels to motors, you name it. The title of Jerry's talk is "If You're Not Using Predictive Tools, You're Behind the Curve." I’ll turn it over to Jerry.

Jan 1, 1998

By W. K. Tolley, D. G. Kotlyar

Oxidized sulfide minerals, commonly formed by weathering, are becoming increasingly important resources as primary sulfide deposits are depleted. Oxidation, in general, reduces selectivity and recovery in flotation. The objective of this research was to determine the mechanisms of oxidation and collector adsorption in sulfide systems as a step towards developing improved technologies for beneficiation of oxidized sulfides. Data from microcell flotation tests are combined with electrochemical and spectrophotometric measurements. The adsorption of ethyl xanthate (EX) on oxidized sulfides was characterized using AC impedance and voltammetry techniques, and correlated to flotation response. Oxidation resulted in an electrically resistive, nonporous surface layer. The floatability of chalcocite, chalcopyrite and pyrite was dependent on the extent of oxidation. Oxidation for one day or more at 65ºC suppressed chalcocite flotation. Oxidized chalcocite also inhibited flotation of chalcopyrite and pyrite. Oxidation caused decreased chalcopyrite flotation. Pyrite flotation, however, increased after oxidation.

Jan 1, 1995

By Salt Lake City Research Center, D. G. Foot, J. D. McKay

As part of its research program on column flotation, the Bureau of Mines, Salt Lake City Research Center has performed studies on (1) column flotation amenability and comparison with conventional flotation results for over 15 mineral systems, (2) alternative methods for improving column bubble generation systems, (3) mineral behavior within a column, and (4) the effect of changes in column operating parameters on flotation grade and recovery. Based on results from these studies, flotation columns (1) are capable of producing higher grade concentrates in fewer stages than conventional flotation cells at equivalent or increased recoveries, (2) require less retention time than conventional flotation cells, and (3) can be divided into cleaning and collection zones that have characteristic mineral-upgrading-per-foot values. Attempts to improve the column air sparger have led to the development of a superior external bubble generation system, which can (1) achieve increased air holdups. (2) produce bubbles from 400 Um to 4,000 Um average bubble diameter with minimal frother addition, (3) provide superior bubble size control, and (4) be maintained without column shutdown. Efforts are continuing to improve column flotation and transfer successful technology to industry.

Jan 1, 1988

By Larry D. Patts

Section 317(e) of the Federal Coal Mine Health & Safety Act of 1969 directed the Secretary of the Interior to prepare standards under which all working places in a mine shall be illuminated by permissible' lighting while persons are working in such places. Section 317(e) further provides that such Working places shall be illuminated within 18 months after such standards are promulgated. In accordance with this section of the Act, there was published in the Federal Register for December 31,1970 a notice of proposed ru1emaking which prescribed the illumination to be provided in the working p1 aces of underground coal mines. In 1ight of written comments, suggestions, and objections to this proposed ru1emaking, the proposed standards were with-drawn and reproposed in the Federal Register for Wednesday, October 27, 1971. In light of further comments, suggestions, and objections, a public hearing was held on April 4, 1974 and standards were again reproposed and published in the Federal Register for April 1, 1976. Promulgation of the final lighting standards took place on October 1, 1976 which means that the underground coal mining industry must comply with face illumination requirements by April 1, 1978. As mentioned previously, the first proposed ru1emaking for illumination of underground coal mines was published in the Federal Register on October 27, 1971. In early 1972, Consolidation Coal Company (Consol) and the United States Bureau of Mines agreed to a cooperative study of underground face illumination; Conso1 felt that expertise in this field would become increasingly important. Conso1's initial efforts in illumination were aimed at investigati.ng practical lighting systems for underground face equipment. We were concerned with installing unobtrusive lights which provided sufficient face illumination for safety, but at the same time were readily maintainable, electrically reliable, and physically sheltered from damage.

Jan 1, 1977

By D. C. McIntire

The Homer City Station, jointly owned by New York State Electric and Gas Corporation and Pennsylvania Electric Company is a three unit coal fired station. The first two units were put into commercial operation in 1969; the third unit became commercial in 1977. Units 1 and 2 are subject to the Pennsylvania State Implementation Plan (SIP) emission limit of 3.7 pounds of S02 per million BTU. Unit 3, having started construction later, is subject to the Clean Air Act, New Source Performance Standards emission levels of 1.2 pounds of 50-2 per million BTU.

Jan 1, 1988

By K. E. Lasaridi

Increasing soil organic matter was considered to be an important factor for the establishment of vegetative cover in abandoned quarries of perlite and bentonite in the island of Milos. For this reason, the feasibility of composting local organic wastes and by-products for use as a soil amendment was examined in this study. A mixture of organic wastes of vegetative origin and seaweed, in proportions that correspond to local material availability, was composted in laboratory scale reactors and the composting progress and compost quality were evaluated. Temperature, airflow and respiration rate were continuously monitored and various compost quality parameters, such as C/N ratio, nitrate nitrogen and seed germination were analysed. Addition of inorganic nitrogen was necessary for the biodegradation of the substrate, while the main problem for the compost utilisation was related to its high electrical conductivity, characteristic of seaweed containing mixtures, which further increased with nitrogen addition.

Jan 1, 2002

By S. K. Kawatra, M. T. Rusesky, T. C. Eisele, D. X. Zhang

It has been observed in some mineral processing plants that grinding circuit efficiency varies seasonally, such as in some plants which are located in the northern US and Canada and undergo large seasonal temperature changes, with the grinding circuit efficiency different between summer and winter. This indicates that the temperature of grinding circuit slurry has a noticeable effect on grinding performance. The effect has rarely been studied. To this end, an investigation to examine the effect of changing temperature on efficiency and determination of the mechanism responsible has been carried out. Plant investigations and laboratory experiments have been conducted in order to study hydrocyclones. It was demonstrated that when the pressure drop is held constant, the d50(c) size decreased approximately linearly with increasing temperature, while the shape of the reduced efficiency curve remained nearly constant. This effect was determined to be due to changes in slurry viscosity with temperature.

Jan 1, 1990

By Morgan M. Sears

The stability of gateroad pillars is crucial in deep-cover longwall mining, especially during transitions to wider panel layouts. This study evaluates the transition from a 700-foot to a 1,000-foot panel layout with an inter-panel barrier in a deep-cover longwall mine in Southwestern Virginia to identify a configuration that enhances stability and reduces operational risks. Using the LaModel program, three pillar configurations were simulated to assess their performance based on stress distributions and pillar safety factors. These included the previously used 4-Entry Yield-Abutment-Yield layout, the current 3-Entry Yield-Abutment layout with a 220-ft inter-panel barrier, and the proposed 3-Entry Yield-Yield layout with a 320-ft inter-panel barrier. The findings of this study suggest that the proposed 3-Entry Yield-Yield pillar layout is more effective in managing stresses in deep-cover mining environments. By optimizing pillar placement and improving load management, this layout could positively impact mineworker safety and health. The study underscores the importance of advanced simulation tools in developing innovative solutions to address the challenges of modern longwall mining operations.

Feb 1, 2025

By Jan K. Wolski

The PC computer program PCVENT, version 3.3, for the ventilation network analysis now incorporates a real-time fire simulator. Position of the fire or a source of contamination and the character of the event are input from the keyboard. There are several options of type of fire: heat only, contaminant only, or both with a constant burning rate or with oxygen as the only limiting factor. Airway resistances or fan characteristics can be modified during a fire simulation. This allows testing of various fire suppression strategies. Program application in the analysis of a real mine fire is presented.

Jan 1, 1991

By P. Todd, K. Dever, P. S. Mills, A. A. Campoli

Resin bolt performance is dependent on the size of the resin annulus, i.e., the difference between the hole and bolt radii. The majority of the millions of resin roof bolts installed each year in the United States employ an annulus of 3.175 or 4.775 mm (0.125 or 0.188 in.). Short encapsulation pull tests with resin annuli of 3.175 and 2.413 mm (0.125 and 0.095 in.) resisted an average of 0.08 t/grouted mm (2.25 st/grouted in.) with no significant variation. Resin loses to simulated fractures increased as annulus size decreased.

Jan 1, 2003

By C. A. Rowland

Introduction Ball mills are lined drums, either cylindrical in shape or modified cylinders that have either one or both ends of the shell, consisting of conical sections, that rotate about the horizontal axis. Fig. I I shows a cylindrical mill, Fig. 12 a conical ball mill, and Fig. 13 a Tricone ball mill (Hardinge tradename). Steel or iron grinding media, generally in the shape of spheres, are used to grind the ore to the specified product size. In order to obtain more contact area for grinding and to simulate the shape of worn balls, balls have been made with two concave surfaces diametrically opposite each other. Some concentra¬tors, such as Erie Mining Co., have used slugs cut from worn and broken rods to supplement the balls in ball mills and save money otherwise lost as rod scrap. Cylindrical and conical shapes have been tried instead of balls, but balls remain as the most common shape grinding media used in ball mills. Ball mills were a logical development from the earlier pebble mills that used hard natural pebbles such as flint pebbles or sized ore pebbles (obtained from the ore itself) as grinding media. In the early 1900s36 it was found that when cast iron or cast steel balls were used in place of flint or ore pebbles, the mills drew more power and gave greater production capacity. Advances in technology have resulted in the manufacture of ball mills up to 18 ft diam inside shell, drawing up to 8,000 hp. Ball mills are employed to grind ores, especially the more abrasive ores, to finer sizes than can be produced economically in other size¬reduction machines such as roll crushers, hammer mills, and impactors. Ores can be ground dry-dry grinding-or in a slurry-wet grinding-using ball mills. Dry grinding nominally refers to less than I %v moisture by weight. If the moisture content increases by several percent, dry grinding capacity is significantly reduced as shown in Table 17. The usual range of solids content in wet ball-mill slurries is from 65 to 80% by weight. Wet grinding is used to prepare the feed material for unit opera¬tions such as flotation, magnetic separation, gravity concentration, and leaching that require a slurry of liberated valuable mineral and unwanted gangue particles. Dry grinding" is employed to produce feed for agglomeration, pelletizing, and pyrometallurgy processes that require feed that is dry or nearly so and for finely ground industrial mineral products used in the dry state. Dry grinding is also used when minerals cannot be dewatered economically to the required moisture level or when the ground product reacts unfavorably with liquids. For example, cement clinker must be ground dry. Dry grinding requires about 30% more power than wet grinding for comparable size reduction .28 The total power required in a dry¬grinding ball-mill plant including drying may be double that required for a wet-grinding plant. Grinding-media and liner consumption in dry grinding reported as pounds of metal consumed per kilowatt-hour per ton of ore" is 10-20% of that used in wet grinding. The Wabush pellet plant, Point Noire, Que.3o reported ball consumption dropped from 6.3 lb per ton of ore ground to 2.5 lb per ton of ore ground when they converted from wet to dry grinding, and a 30% increase in power consumption. A number of comparisons made on wet and dry grinding of cement raw materials show metal consumption in dry grinding to be 10% of that in wet grinding. The capital costs for wet grinding are generally lower than for dry grinding. When thickening and filtering of the wet-ground product are required, dry grinding may have a lower capital cost. With open-circuit grinding the ball-mill discharge passes directly to the next processing step without being screened or classified and no fraction is returned to the ball mill (Fig. 14). In closed-circuit grinding the ground material, undersize, in the ball-mill discharge is removed either using a screen or a classifier with the oversize being returned to the mill for additional size reduction (Fig. 15). The over¬size material that is returned to the ball mill is called the circulating load. Open-circuit ball-mill grinding requires more power than closed¬-circuit grinding for products containing similar amounts of top-size material. The less the amount of oversize allowed in the product, the longer the ore must remain in the ball mill when grinding in open circuit. This increases the production of extreme fines and thus the consumption of more power. The power required for open-circuit ball-mill grinding can be estimated using the multipliers listed in Table 18 and knowing the power required for closed-circuit grinding to yield the desired product particle size. For example, assuming the desired grind size is 90% passing some specific top size, open-¬circuit grinding would require 1.40 times the power to achieve similar results as closed-circuit grinding.

Jan 1, 1985

By Alan C. Richter

Introduction The East-West Gateway Coordinating Council is an organization of local governments formed in 1965 to identify regional problems and to formulate policies, plans and programs to resolve them. The major goal of the Gateway Council is to improve the quality of life for the citizens of the St. Louis Region. While East-West Gateway Coordinating Council is the organization I represent and it only deals with the St. Louis Metropolitan Area, you will find one or more similar organizations in each of our nation's urbanized areas. As a result, for illustrative purposes, I will use my organization to portray what is happening nationwide. For example, in order to eliminate duplication, the Council reviews local applications for approximately 100 federally funded programs in such areas as highways, mass transit, parks, water treatment, and sewers before they can be sent to the appropriate funding agency. The Council's varied functions place it in a unique position of receiving more and more responsibility for developing strategies of implementation of various environmental regulations. This is due to the fact that environmental control is a relatively new field and we, as a country, are relatively inexperienced. The resulting regulations and guidelines will depend, to a great extent, on what the general public is willing to accept in terms of controls and what price they are willing to pay in terms of taxes and increased costs. Land Use: Growth vs No Growth This is perhaps the most encompassing environmental issue. We, as a nation, are beginning to realize that land is a limited natural resource and that the way we choose to use 'this resource affects many other aspects of our lives--whether we can catch edible fish in the Mississippi, how much we pay for sewer services, if we can swim in a

Jan 1, 1977