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By B. Berhe, R. D. Lawrence, J. Hinzer

"The fortunes of mining companies and their implied value are tied to cycles - both economic and commodity – within which they operate. Hence the determination of appropriate future metal prices is one of the most critical factors faced by mineral valuators especially for advanced projects. Price, and hence revenue, is usually the most sensitive input to the valuation model. Empirical studies of past forecasts show that the success rate for commodity price forecasting is very poor. This paper explores various approaches and comments on their strengths and weaknesses. We conclude that careful evaluation of long-term metal prices is a key element and is hardly a luxury that can be left to simple averages or rules of thumb. INTRODUCTION Discounted Cash Flow (""DCF"") analysis, is well suited for the valuation of advanced mineral development assets, for which there are identified mineral resources and some form of economic assessment (Pre-Feasibility or Feasibility Study). The DCF method is also the most commonly used method for determining value for such assets. It provides a means of relating the magnitude of expected future cash flows from profits (or losses) to the magnitude of the initial cash flow (investment) needed for capital expenditures to purchase or to develop an asset for commercial production. The method proves useful in making investment decisions as it allows for the quantification of the Net Present Value (“NPV”), as well as the Internal Rate of Return (IRR) and Payback Period on initial investment capital. Valuation by its very nature is a forward-looking exercise. The DCF method attempts to estimate the NPV of expected future cash flows, by selecting factors that will likely affect future cash flow based on informed analysis. One of the most critical and sensitive factors is the determination of appropriate future commodity prices. “The variables that have the greatest impact on a DCF evaluation are the reserves, the metal prices, and the discount rate.”1 The determination of future commodity prices for valuation purpose or during M&A negotiations is a hotly contested issue. There are a number of analysts, institutions and specialized commercial data suppliers that provide both short and long-term commodities price forecasts. Also, the use of an aggregated mean for all available forecasts, or consensus forecasted prices for valuation purposes is not uncommon. The methods used in making forecasts for each forecaster may vary and in many cases may not be publically disclosed. Nonetheless, the aggregated mean of all forecasted commodity prices of reputed institutions is usually taken to “represent the market’s view of likely future commodity prices.”"

Jan 1, 2016

By L. Alagha, F. Schott, M. B. Haya, Z. Xiao, K. C. Monyake

"Froth flotation is a process in which valuable minerals are separated from gangue minerals on the basis of surface wettabilities. It is a universally accepted process for the beneficiation of coal. The large amount of coal fines that have been generated from both mining and beneficiation processes has been reported as a chronic problem to both fine coal preparation and utilization as these fines contain a high amount of ash forming minerals. The current study investigated the potential application of Synthetic Bio-compatible Polymers as slime depressants in fine coal flotation for the possibility to enhance the combustible recovery and ash rejection. Raw coal samples containing 21% of ash-forming minerals were crushed, grinded and floated in the presence of Chitosan polymer. Flotation tests were carried out in D-12 Denver flotation cell with 1-Liter capacity. Flotation outcomes were studied as a function of polymer concentration. Box-Behnken factorial method was used for experimental design. Second order response functions were produced for ash% and combustible recovery. The results obtained from this study demonstrated positive influence of chitosan polymer on ash% and combustible recovery. Ash % was decreased by 3.32 % while an increase of 48.15 % in combustible recovery was observed when chitosan was introduced in the flotation process. INTRODUCTION Froth flotation is a widely used method of separating minerals by utilizing the difference between surface wettabilities [1], [2].Modern mechanized mining and ore handling operations produce large amounts of coal fines which in the past were not processed but discarded as waste[3]. Even though flotation is the best method of beneficiation for coal, it can be challenging in case of fine coals. In fine coals, slime coatings of colloidal mineral matter exist on the coal surface. These coatings render the coal hydrophilic, hence reducing flotation efficiency and recovery. Of late, different researches have been using biodegradable polymers to determine their feasibility in enhancing fine coal flotation efficiency[4].Naturally occurring and synthetic polymers, for example, polyacrylamide-based polymers, have been widely used in flotation as multifunctional reagents[5],[6],[7]. Hybrid polyacrylamide polymer has been successfully used as a depressant for ash forming minerals in fine coal flotation[3]. Recently, chitosan has been successfully used in flocculating quartz particles to produce faster settling rates of fine tailings [4]."

Jan 1, 2018

By Y. J. Wang

The Hardy Cross iterative method is the most popular technique for solving a ventilation network problem with natural air splitting. This method traditionally solves each mesh equation by an approximation during each iteration. Thus, it is interesting from both a theoretical and a computational viewpoint to be able to solve for an exact solution to the mesh equation. Presented in this paper is an algorithm for computing the exact solution to the mesh equation with a variable fan pressure. The algorithm uses signum functions for air quantities to generate an alternative mesh equation in the form of a quadratic equation that has two solutions defined by the well-known quadratic formula. The condition that the derivatives of the alternative and the original equations must be the same provides a basis for the correct choice between the solutions.

Jan 1, 1998

By Stephen P. Harrison

The ventilation of coal mines has long been a major challenge for the mining industry. Prior to the 1969 Health and Safety Act, mine ventilation planning was almost entirely handled by individuals in mine operations and engineering who had extensive practical experience. Their background and expertise was sufficient to deal with existing ventilation problems and planning. A recent decline in the number of qualified individuals combined with more stringent state and federal regulations have necessitated a thorough engineering oriented approach to ventilation in mine planning design. To plan for an existing mine, a thorough ventilation survey must be conducted to determine the capabilities of the existing ventilation network. A ventilation survey also provides considerable useful data for long range planning. Essential information such as friction factors, entry resistance, and potential ventilation problem areas is gained from the survey data. With this information a comprehensive computer analysis can be conducted to evaluate alternative mine plans. This evaluation of mine plans is essential to minimize the number of shafts required while still maintaining the quality of mine ventilation. Using an existing mine as an example, this paper outlines a detailed procedure for organizing, con-ducting, and evaluating a ventilation survey. In addition, specific ventilation problem areas are isolated and alternative methods for their solution are considered. Furthermore, a long range mine plan is evaluated and the most feasible variation of the plan is selected.

Jan 1, 1980

The exploitation of mineral deposits for economical recovery of the contained minerals has many aspects differing from other industrial or manufacturing operations. However, generally accepted principles of good organization and management applicable to industrial plants are similarly effective for mineral processing plants. A more detailed coverage of organizational structures and management techniques than is possible in this section can be obtained from many good books devoted wholly to these subjects. A few of the more readily available examples are included in the general references at the beginning of this section. The field of mineral processing encompass a wide variety of minerals, processes, flowsheets, equipment, and end products. Mineral deposits, mines, and related beneficiation plants are found in all parts of the globe, often in remote locations with no nearby support for supplies and maintenance. Available labor is frequently unskilled, sometimes primitive, and often untrained without machine and hand tools or heavy equipment experience. Such situations call for well- planned and conducted training programs covering the full range of mining-type job skills. Climates can range from arctic to tropical and from arid to extremes of rain or snow, and the mine and plant sites can be almost anywhere. However, it is often possible and sometimes necessary for

Jan 1, 1985

By Steve Wirch, Robert Jankowski

The issue of dust control in underground coal mines has been extensively studied by both government and industry. This research work has resulted in many techniques which control the dust or help miners avoid it. Control techniques either prevent the dust from becoming airborne or cleanse the air before it can be inhaled. Avoidance measures minimize the exposure of miners to the airborne dust by blowing the dust away from work areas or making it unnecessary for a miner to occupy a dusty region. One of several successful dust control measures in continuous miner sections is the use of a machine mounted scrubber which cleanses the air and helps to prevent the contaminated air from reaching areas frequented by mine personnel. Research on the application of scrubbers on longwall shearers began in the 1970s and continued into the 1980s. The most successful projects showed only moderate improvement when a scrubber system was mounted on a longwall shearer, and the less successful projects actually increased worker dust levels. There are many reasons that scrubbers have not been successfully applied on longwalls. The most significant of these is that longwalls have across the face ventilation and generally have high face air flows. Scrubbers tend to work best when they are the primary cause of ventilation. Therefore, their capture efficiencies on longwalls tend to suffer because of the exposure of the drums to the primary airflow. Other reasons scrubbers have not been implemented on longwall s include the successful application of an excellent water spray system, effective cutting techniques, and dispersion of dust sources. These techniques can help control drum generated dust, increase production, and limit the relative effectiveness of a scrubber.

Jan 1, 1995

By Richard W. Cannon

INTRODUCTION The authors, by means of this paper, will attempt to show the role of Induced Polarization and Resistivity surveys in the discovery of the orebodies of Gibraltar Mines Limited (N.P.L.). In this paper, we will also attempt to show the importance of conducting large enough surveys in order to properly evaluate the results obtained from these surveys. LOCATION The orebodies of Gibraltar Mines Limited (N.P.L.) are located on the western slope of Granite Mountain, central British Columbia (52°30' north, 122°16' west) (See Fig. 1). The property lies approximately 28 miles north of Williams Lake, B.C. and can be reached by way of 10 miles of newly improved road from McLeese Lake, on the Cariboo Highway. The area in and around Gibraltar Mines has a moderate topographic relief with elevations between 3,500 and 4,100 feet. {EARLY HISTORY AND GEOLOGY The present Gibraltar Mines property before amalgamation consisted of the Pollyanna property (Duval-Canex) and the Gibraltar property (original Gibraltar Mines) as well as some Coast Silver and McLeese Lake Copper claims (See Fig. 2). The Pollyanna property was first described in the 1917 B.C. Minister of Mines Report which referred to it as the "Rainbow Group". The development at that time consisted of several open-cuts on copper bearing quartz veins.

Jan 1, 1972

By Y. Luo

Although considerable progress has been made in the last decade in predicting surface subsidence over longwall panels, a number of important issues deserve further studies in order to improve the techniques and accuracy of subsidence predictions. Some of the problems are: (1) subsidence over the chain pillars between mined longwall panels; (2) subsidence development process after face stop due to either a vacation or the completion of a longwall panel; and (3) subsidence initiation and development process over the setup entry area in the initial stage of mining a longwall panel. In this paper, the measured data related to the targeted problems are presented, the data analysis techniques are briefly introduced, and some of the prediction methods developed based on the collected data are proposed. The proposed methods can be used as supplemental tools for the existing subsidence prediction models to improve their prediction accuracy.

Jan 1, 1991

By M. Brändström, R. Dube, J. Moyo, T. Perkins, G. Bermudez, L. Bartsch, C. Smith, R. Sorensen

The Kennecott Copperton concentrator is currently the bottleneck for the Kennecott operation and several projects have been initiated to increase throughput. This increase in grinding circuit throughput has resulted in a coarser grind size which has impacted flotation circuit recovery. Metso Outotec 300m3 forced air tank flotation cells are currently utilized in the rougher flotation circuit at the Copperton concentrator. Higher overall recoveries have been observed on the newer Outotec tank cells compared to the original 85m3 self-aspirated flotation cells they replaced. However, coarse particle flotation response on these large, forced air cells did not show encouraging results when compared to smaller previously installed cells. This coarse recovery loss has been attributed to the longer froth transport duration and transport distance on large cells (100m3 and larger). Cell manufacturers addressed the risks of additional coarse particle losses in large cells by installing concentric circumferential launders and crowders (also called center launders). These are designed to reduce froth transport time and distance in the last cells in rougher stages where low residual floatable minerals causes a lack of froth mobility. The center launders also increase froth crowding, which also helps to increase froth transport velocity and increases copper and molybdenum recoveries. A trial set of the center launder retrofits were installed on the last three tank cells in one of the parallel rougher flotation rows at Copperton. The launder retrofits were installed at the end of October 2020 and monitored until March 2021. This six-month trial showed statistically significant improvements in copper and molybdenum flotation recoveries through the rougher circuit.

Mar 2, 2022

By D. E. Larson

The U.S. Bureau of Mines has developed a image analysis methodology to correlate the energy consumed during the grinding of an ore to the mineral liberation achieved. Energy consumption values are obtained using a laboratory-scale ball mill equipped with a torque sensor, and an automated image analyzer is used to determine the liberation present in ground products. By combining liberation information with energy consumption data an appraisal can be made of the energy required to liberate the mineral(s) of interest. Results of tests performed on a complex sulfide material determined the effects of grind duration on the liberation achieved and the energy efficiency.

Jan 1, 1995

"Replacing the century old rail tunnels that run beneath the Hudson River and carry about 200,000 passengers per day between New York to New Jersey has been a high priority for many years. But after Superstorm Sandy hit the east coast of the United States in 2012, the urgency to replace the tunnels increased dramatically. The Hudson Tunnels project is one of nine projects that make up the larger $30 billion Gateway Project. The Gateway Project has been called the most urgent infrastructure program in the country and the Hudson Tunnels is the most critical part of the project, as it will build a new rail tunnel under the Hudson River and rebuild the existing and deteriorating North River Tunnel that connects New York and New Jersey.“Superstorm Sandy proved the level of resiliency of the tunnels, which was not very good,” Amtrak deputy chief engineer structures James Richter told attendees of the George A. Fox Conference in New York City on Jan. 23. Age and corrosive salts deposited by flood waters from the storm in 2012 have affected interior concrete and copper wiring in the tunnels. “Since then, things have been deteriorating and getting less reliable.”Richter, along with Mohammed Nasim, senior director engineering design, both with Amtrak, spoke at the 2018 George A. Fox Conference where more than 350 tunneling and underground construction professionals attended the conference at the Graduate Center of the City University if New York to share insights about the complexities many of them face on daily basis.Under the theme of “Managing construction of complex underground projects: Strategies for tunneling in populated areas,” the one-day conference featured presentations from some of the top minds in the tunneling and underground construction industry. The presentations touched on everything from the highly technical challenges of constructing tunnels through changing geology while working beneath cities and rivers, to navigating the complex financial issues and contracts that come with the projects that have many stakeholders.All of those challenges, and more are part of the Hudson Tunnels project. It is one of the best examples of the full complexities of a complex tunnel project, with the added pressure of securing funding from state and federal government entities under an increasingly tight deadline."

Jan 3, 2018

By D. B. Buddecke

Powell Bend Mine, located in Bastrop County, Texas, is owned by the Lower Colorado River Authority (LCRA). The mine is operated under contract by the Powell Bend Mining Company (PBHC), an affiliate of Pittsburg and Midway Coal Mining Co., and produces 210,000 tons of 6500 BTU/LB lignite per year for LCRA's Fayette Power Project near La Grange, Texas. PBHC operates the surface strip mine one shift per day, five days per week with a total of nine employees; six operations/maintenance and three office/supervision. The mine's productivity in 1988 averaged 100.3 tons per manshift using an l8-cubic yard dragline to uncover the lignite. Delivered cost to LCRA, F.O.B. mine, is $6.11 per ton, which includes water control and final reclamation.

Jan 1, 1990

By Y. J. Wang

The Hardy Cross iterative method is the most popular technique for solving a ventilation network problem with natural air splitting. This method tradition-ally solves each mesh equation by an approximation during each iteration. It is thus interesting from both theoretical and computational viewpoints to be able to solve for an exact solution to the mesh equation. Presented in this paper is an algorithm for computing the exact solution to the mesh equation with a variable fan pressure. The algorithm uses signum functions for air quantities to generate an alternative mesh equation in the form of a quadratic equation, which has two solutions defined by the well-known quadratic formula. The condition that the derivatives of the alternative and the original equations must be the same provides a basis for the correct choice between the two solutions.

Jan 1, 1997

By Reul A. Dejú

The mineral olivine has been the subject of continued research by various authors. Paik (1967) conducted infrared and flotation studies of the adsorption of sodium alkyl benzene sulfonates on olivine. These studies are of interest from two points of view. First, in the metallurgical field it is of interest to understand the mechanism of silicate flotation using sulfonate collectors and second to a hydrologist studying the pollution of surface or subsurface waters it is of interest to study the reactions taking place when water plus sulfonates encounter a porous (silicate) medium. On the basis of Paik's study he was able to postulate a possible mechanism for the attachment of RSO3 (sulfonate radical) to the olivine surface. Parks (1969) has been studying the important influence of the structure of a silicate such as olivine on its dissolution mechanism and its related surface charge. Also Luce, a student of Parks (1964, 1965) has been studying the kinetics of dissolution of olivine using the techniques of direct solution analysis and infrared analysis. Certainly a classic in the study of silicate dissolution is the work of Murata (1940) on the reaction of orthosilicates (olivine in particular) with strong acid solutions. Many authors (Dejú and Bhappu, 1966. 1967. 1968, Dejú, 1969; Rhoades and Krueger. 1968, and Faust and blunter, 1967) have reported studies of the behavior of silicates immersed in water (especially orthosilicates) and have found that there is an exchange of cations from the silicate surface for H+ from the water. Studies by Dejú and Bhappu have also included the system olivine-water-amine.

Jan 1, 1971

By Richard L. Profio

A practical analysis of the three basic elements of a mining shovel's productive capacity. Payload Speed Reliability Improved dipper fill factor is explored referring to the latest generation of wide dippers combined with higher "bank horsepower" capabilities of modern drive systems. Cycle time improvement is reviewed including overall attachment geometry and coordination of motions. A specific case study is detailed. Basic reliability of welded structures, machinery components, and electrical systems are related to operating costs. Three basic elements determine a mining shovel's long term productive capacity: 1) Average payload per cycle. 2) Average cycle time; and 3) Reliability. This paper deals with productivity gains that are possible with existing shovels as well as new equipment.

Jan 1, 1984

By Leonard H. Hoyle

The American Society of Association Executives is a professional society composed of nearly 10,000 individuals who serve as salaried executives on the staffs of more than 6,500 associations. Represented is the full range of international, national, regional, state and local associations...including trade associations, professional societies, philanthropic organizations and others. The dramatic growth of ASAE during the past 15 years is a manifestation of the growth of the association movement during the past two decades. This is not to imply that associations are a new phenomenon, because they have existed for thousands of years. Ancient civilizations show evidence of groups formed for mutual protection and advancement. In the transition from ancient to medieval time, trade associations and guilds came to serve an important function for the craftsmen and merchants they represented, encouraging the growth of new industries, improved processes and education.

Jan 1, 1981

By R. R. Johnson

The Hama Mining Company owns and operates The Groveland Mine near Iron Mountain, in the Upper Peninsula of Michigan. The orebody is part of the Menominee Range of the Lake Superior District. The ore (generally known as Jasper taconite) contains an average of 35% iron ranging from 28% to 39% with an overall split of 60% magnetite and 40% hematite. The variations encountered throughout the orebody require a certain amount of blending to reduce feed changes to the mill. One of the variables which affects the crushers, as well as the mill, is the range of hardness which has a low of 7.9 and a high of 24.6 as measured by the Bond Twin pendulum impact and crushing technique. Reference is made to hardness only to point out its effect on crushing and wear rate variations. Over a period of time, these variables do, of course, average out. Mining of the low grade ore started in 1959 and has operated continuously to date. Preparation of the feed for conventional rod and ball mill grinding is accomplished by three stages of crushing. Reduction of crude ore is first passed through a 54 inch gyratory crusher; then through a secondary crusher; followed by two or three tertiary crushers in closed circuit with screens as production quotas require (Figure 1). Current demand to the crushers is about 5,200,000 tons of crude ore per year.

Jan 1, 1976

By D. V. Bush

There has been a great deal of evaluation and discussion on the economics of semi- autogenous grinding versus conventional grinding circuits. This paper will not discuss the merits of one system over the other, but rather will discuss the Henderson Mill's approach toward achieving the most economical milling conditions in its existing SAG mills.

Jan 1, 1985

By John Bailey

Stressmap is a program whereby the earth's stress field is charted in detail and utilized for design of mines and mine exploitation. This program is implemented by mapping the attitude (location, direction, dip, and extent) of induced rock ruptures during the process of hydrafracturing drill holes contiguous to mine interest. The program includes utilization of ancillary naturally occurring stress relief signals, They are precipitated because the earth is indeed dynamic and the strata of the crust are continually adjusting to load and/or strain differentials resulting in rock deformation and fracturing. These fracturing adjustments occur as small to tiny earthquakes comparable to Richter magnitudes of one, zero, minus one, and smaller events termed microearthquakes. Obviously, the earth's stress field changes due to continued differential loading and crustal movements; therefore it becomes conspicuously evident that resolving today's stress field as opposed to paleostresses is most important for efficient, economical, and safe mining operations.

Jan 1, 1974

By James M. Krese

The West Kentucky Division of Island Creek Coal Company, which is a wholly owned subsidiary of Occidental Petroleum Corporation, operates the new Hamilton Mine. It is located six miles West of Morganfield, Kentucky, in the Northwest section of Union County, adjacent to the Ohio River in Lock 50. On July 15, 1968, a unique new coal conveying system was put in operation. This system consists of eight conveyor units carrying coal from the bottom of the mine slope ultimately to barges on the Ohio River. It is over two miles in length and has a total of 3175 connected horsepower. The river loading conveyor is the longest 72" wide conveyor in operation in this country.

Jan 1, 1969