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By J. Réal Cloutier

[Options are a natural extension of the forward and futures markets as they offer fexible method of hedging exposure. -An organized options market is preferable to the "over the counter forward markets since EGCC (EOE, ME, VSE) assumes responsibility for contract fulfillment minimizing credit risks by guaranteeing transactions. -Options ante considerably more "fexible" than the futures and forward markets, permitting prompt, precise and respected adjustment of one's exposure risk position. -The risk to the buyer of the options market is limited to the initial premium paid.]

Jan 1, 1983

By Paul C. Hyndman

No minerals have been produced from the McGraw Creek RARE II area. During the 1982 U.S. Bureau of Mines study, there were no active mines in the area. Limestone occurrences (fig. 1, no. 2), four copper prospects (fig. 1, no. 1, 4, 5, 6), and a prospect with no significant mineral values (fig. 1, no. 3) were examined. A moderate potential for high-calcium limestone resources was estimated between ocurrences within the study area near McGraw and Spring Creeks (fig. 1, no. 2). There is low potential for copper resources at the Argenta Prospect (fig. 1., no. 1) in the study area, and the McDougall Prospect adjacent to the area.

Jan 1, 1983

By James D. Eklund

Towards the goal of improving safety, economy and efficiency of scaling in underground metal/nonmetal mines, Battelle developed a combination prying/hammering scaling tool. A prototype was subjected to limited testing 1) to verify its operational functions and 2) to assess its potential capability in future underground testing.

Jan 1, 1983

By W. R. Byrnes

This project was initiated on October 1, 1980 and will be completed on December 31, 1983. The project was Initially approved and funded by the Office of Surface Mining and subsequently was moved to the jurisdiction of the Bureau of Mines. It was administered through the Indiana Mining and Mineral Resources Research Institute. The research was done to assess reforestation success and ultimate productivity for areas reclaimed under the Surface Mining Control and Reclamation Act of 1977 (P.L. 95-87). The Permanent Regulatory Program for implementation of P.L. 95-87 Includes provisions for revegetation that require seeding of ground cover plants to control erosion until permanent vegetation such as tree species Is established, and restoration of mined land to its original or better productivity. Much of the land to be surface-mined presently supports forest cover and it is anticipated that reconstructed minesoils will exhibit high productive potential for hardwood tree species. Hence, information was needed on compatibility of ground cover and tree seedlings when established concurrently as well as on revegetation success under postmining versus premining conditions.

Jan 1, 1983

By Richard E. Barrett

The relationship between coal characteristics and power plant performance has become a matter of increasing interest to utilities. This relationship can affect the value of coals, decisions as to coal washing, setting penalties for delivery of coal that fails to meet specifications, and justifying buying better coals (at higher costs) before public utility commissions. The study described in this paper was directed to identifying how coal characteristics impact on boilers and related coal and gas handling systems. TVA data for the period 1962-1980 was the basis for the study. Models were developed for boiler efficiency, boiler availability, and maintenance costs as a function of such coal characteristics as ash, sulfur, and moisture content and boiler age. Boiler load and maintenance efforts were considered as variables in some of the models, but were found not to be statistically significant. Although the results of this study are strictly applicable to only the TVA system, they can serve as guides or first approximations for other utilities.

Jan 1, 1983

By V. Rajaram

Rock reinforcement systems are used in open pit and underground mines to stabilize the rock mass in-situ and provide safe working conditions. Significant progress has been made to date in the design and implementation of rock reinforcement systems to accommodate bad rock conditions and larger excavations. However, the rationale for the design of rock reinforcement systems remains essentially the same and can be categorized into three groups, namely 1. to create a beam of competent rock in stratified formations, 2. to resist sliding motion in jointed rock, 3. to passively support the superincumbent loads in highly stressed ground. Case histories of the rock reinforcement sys¬tems that illustrate these design approaches will be presented in this paper.

Jan 1, 1983

By Catherine C. Kilgore

The Bureau of Mines investigated the availability of lead and zinc from 104 domestic mines and deposits. Fourteen primary lead and fifty-three primary zinc operations with in situ demonstrated resources containing 27.3 million metric tons (t) of lead and 53 million t of zinc were subsequently evaluated. Potentially 17.5 million t of lead and 2.4 million t of byproduct zinc could be recovered from 14 primary lead operations. Economic evaluations performed in constant January 1982 dollars determined a long-run total cost per pound of recoverable commodity. Including a 15-pct discounted-cash-flow rate of return (DCFROR), 59 pct of primary lead was potentially available at or below $0.32 per pound of lead. Potentially 40 million t of zinc and 5.6 million t of byproduct lead could be recovered from 53 primary zinc operations. Ninety percent of the recoverable zinc is potentially available from currently nonproducing mines and deposits, and a weighted average of their long-run total costs was determined at $0.98 per pound of zinc. At a breakeven (0-pct) DCFROR, these non producing operations had a weighted average long-run total cost of $0.58 per pound of zinc. Sensitivity analyses illustrated that operations that recover byproducts were most sensitive to fluctuating metal prices, producing operations were more sensitive to increased smelter treatment charges, and nonproducing operations were impacted most by the DCFROR.

Jan 1, 1983

By Roy E. Peterson

The Bureau of Mines conducted bench-scale research to evaluate materials which showed potential as low-cost reductants for use in the ironmaking industry. These materials were lignite, subbituminous coal, coal char, tree trimmings, refuse--derived paperboard, used crankcase oil, and peat. To compare their effectiveness, the materials were tested in the reduction roasting of nonmagnetic taconite and, except for oil and peat, in the reduction of iron oxide pellets to metallized pellets. Reduction was conducted in a 18-cm-diameter, rotary drum, which was externally heated in an electric furnace. Over 92 pct of the iron was magnetically recovered from a nonmagnetic taconite after roasting with any of the reductants, but greater quantities of reductant were required to achieve this when the waste materials were used. The fossil fuels were also more effective for metallizing pellets, although metallizations above 90 pct were also obtained with tree trimmings and refuse paperboard. However, refuse paperboard had to be frequently recharged to the furnace because it depleted rapidly.

Jan 1, 1983

By D. K. Steele

An 18-in-diam column water elutriator was designed, tested, and operated by the Bureau of Mines for recovering nonferrous mixed metals from automobile shredder rejects. The waver elutriator separated metals from nonmetals contained in shredded nonmagnetic rejects. The unit was constructed and integrated into a local automobile shredding operation. Nonmagnetic rejects from the automobile shredder were fed onto the surface of a column of rising water. Dense materials fell through the rising water and were collected as a sink product at the bottom of the column; medium-density materials were removed as an intermediate product in a water flow through a discharge port located between the overflow and sink; and light materials were immediately carried out in the overflowing water at the top of the column as a float product. Nearly 99 pct of the mixed metals were recovered from the nonmagnetic rejects as a 70-pct-metal concentrate. Other operating conditions yielded a 93.7-pct-pure-metal product resulting in a 93.1-pct metal recovery. Float rejects are combustibles, light plastics, foam rubber, and minimal amounts of coated and uncoated copper wire. The middling discharge contained mainly medium-density rubber, plastics, glass, rock, coated and uncoated copper wire, and frequently some thin-sheet stainless steel and wrought aluminum. Maximum metal recovery in the operating program was achieved using a water velocity of 52 fpm (650 gpm). Maximum purity was obtained with a velocity of 88 fpm (1,100 gpm). .Water was recycled through a 12,000-gal baffled clarifying tank. Entrainment water losses with the float and middling rejects averaged 50 gpt of reject feed. Records maintained by the shredder operator show a 34-pct increase in nonmagnetic metals recovery during a 1-yr operation of the water elutriator as compared to recoveries from a previously used air classification system.

Jan 1, 1983

By W. G. Prast

Investments in fuel minerals and non-fuel minerals by petroleum companies are not a new phenomena. During the past 25 years, oil firms have entered mining via the acquisition route as well as by the direct development of grassroots mines. In the early 1980s, the "merger mania" in the natural resource industries came to a head. Oil company takeovers of mining firms, as well as other mergers between oil producers, captured headlines repeatedly, and speculation ran wild as to who would next acquire whom. Table 1 summarizes leading mining company mergers in the past two decades. There are some special features to the latest round of minerals investments undertaken by oil companies. First, direct takeovers of mining companies have become the preferred means of entry into minerals, with entry from scratch being relegated to the sidelines. This was not always the case. While there are instances of oil firms buying coal and copper companies dating back to the 1950s and 1960s, most of the early minerals work by petroleum firms was from internally generated projects. When the oil companies first became involved in uranium, for example, the uranium mining industry was in its infancy. There was not much market structure to buy, and it was relatively easy for everyone to get into uranium on the ground floor.

Jan 1, 1983

By Thomas J. Peters

A mineral survey of the Sill Hill RARE II area (No. 5304), covering 5,200 acres (2,100 ha) of the Cleveland National Forest, San Diego County, California, was conducted by the U.S. Bureau of Mines and the U.S. Geological Survey. This survey was in conformance with the Resource Planning Act (RPA) of 1974, as amended by the National Forest Management Act of 1976, to provide mineral resource information for study area classification. Bureau of Mines personnel made an economic appraisal of mineral deposits by searching pertinent geological and mining publications as well as U.S. Bureau of Land Management, U.S. Forest Service, and U.S. Bureau of Mines files and records. Known mines, prospects, and mineralized localities were examined during 1981, and sampling and mapping were done where warranted. The Geological Survey 'did geologic mapping, geochemical sampling, and geophysical surveys to aid this study.

Jan 1, 1983

By Hart G. H

In tectonically disturbed zones within coal seams, decreases in the amount of kaolinite in the cellular structure of inertiniterich coal are accompanied by increasing kaolinite contents in fractures within the coal and/or rocks of immediately overlying horizons. This is due to fracturing of the inertinite microstructure by tectonic disturbance and remobilization and redistribution of free, fine-grained material (kaolinite and/or inertodetrinite.) Ascending waters are believed to transport the kaolinite in suspension, and redeposit it in the fractures and pores in the overlying horizons. This removal of material from the inertinite-rich coal leads to an increase in porosity (higher free gas storage), a presumed reduction in coal strength and an apparent increased proneness to instantaneous outbursts of coal and gas.

Jan 1, 1983

By Kazumasa Taguchi

At the Kakogawa works of Kobe Steel. Ltd., the agglomeration facilities are composed of a pelletizing plant and sintering plant. This aim is to utilize raw materials efficiently and stabilize the raw material resources. Therefore at Kakogawa works, the blast furnaces (BF) have been operated with high pellet ratio and various developments for pellet properties have been achieved to improve the blast furnace performance. These developments include dolomite-fluxed pellets, new-porous pellets and crushed pellets. As a results of these improvements, pellets have achieved almost the same performance as sinter at high temperature regarding properties such as the softening, melting and reduction behaviour. However, some problems on shape have remained to be solved. Spherical pellets flow easily into the center of the furnace and form mixed layers of pellets and cokes. Therefore, in BF operations with these pellets it becomes more difficult to keep proper and stable gas distribution.

Jan 1, 1983

By James L. Eirls

Tracor MBA under a contract to U.S. DOI Bureau of Mines designed, developed, fabricated and demonstrated a conveyor belt service machine. It is self-contained, battery powered, rubber tired and capable of handling, storing and transporting conveyor belting, wire rope and associated structures for sectional conveyor belts. While moving the tail section to its next position the machine discharges the belting, wire rope and belt structures. The belting is elevated and separated to provide for the insertion of the structures with minimum expended effort. A hydraulic system provides the power for steering, braking, winding or unwinding under controlled tension the belting and wire rope, operating a load-bed slat conveyor, raising, lowering and locking connection hitches and powering external hydraulic tools. Also, a pneumatic system is available to operate air impact tools. The service machine, with its present components can function in coal seams as thin as 48 inches, double wind conveyor belting 42 inches wide, 400 feet long, load or unload 3/4" wire rope on two separate reels and is controlled by two operators. A complete belt move using this machine requires only four workers. Successful underground demonstrations were conducted in coal mines located in West Virginia and Kentucky.

Jan 1, 1983

By Andrew M. Leszcykowski

This report represents the first comprehensive accounting of lode mining sites in the Sheep Mountain mining district, Custer County, Idaho. Twenty-one mine and prospect locations have been added to the Bureau's Mineral Industry Location Subsystem (MILS) data base as a result of initial phases of a mineral appraisal of the River of No Return Wilderness; previously known locations were checked and the updated information added to the data base. The district's deposits are mainly confined to metasedimentary xenoliths in granodiorite and quartz monzonite. Those deposits in the north and west parts of the district are lead-silver-zinc replacement veins in dominantly calcareous facies; those in the southern part of the district are polymetallic fissure-veins containing pyrite, chalcopyrite, arsenopyrite, galena, and sphalerite hosted by micaceous schist and phyllite. The dominant structural trend in the southern part of the district is northwesterly and on strike with major deposits in the adjacent Seafoam mining district.

Jan 1, 1983

Confidence in the strength of the U.S. economic recovery was considerably enhanced by third quarter 1983 profits, which showed a 12.8-percent increase over those in the second quarter (table I). Although the increases were not as great as between the first and second quarter of 1983, profits have grown each quarter since fourth quarter 1982. Both total profits and profits per unit of output increased, which the Bureau of Economic Analysis (BEA) attributes to decreases in labor and nonlabor costs (per unit of output), as well as to moderate price increases. [ ] A number of durable goods sectors, however, continue to show profit declines, especially electrical and non-electrical machinery. Profits in the primary metal industry are still negative, but the economic picture of this industry is improving. Between the second and third quarters of 1983, capacity utilization increased somewhat in primary metal manufacturing and stone and earth mineral mining but did not change at all in metal mining. Capacity utilization in metal materials increased from 47.4 percent in the fourth quarter of 1982 to 64.2 percent in the third quarter of 1983 (table 2).

Jan 1, 1983

By Mark S. Sanders

Six underground coal mine shuttle cars (three high seam and three low seam) were used to assess visibility using the concept of visual attention locations (VALs) and an improved human eye reference measurement instrument (HERMI Mark II). Each machine was assessed in the inby and outby direction of travel with no canopy and with the canopy in its highest, and lowest position. In addition, the illumination level at each VAL was determined. Results showed that the most important variable determining visibility was operator eye position. When this variable is controlled, the addition of a canopy has no effect on visibility. Further, with eye position controlled, there is no difference in visibility between high and low seam machines. The visibility and illumination assessments found blind spots in the operator's field of view located on the opposite side of the car from the operator and ahead of the machine. Suggestions for reducing the blind spots were made. The report also included a procedure manual for using HERMI and the system of VALs to assess visibility from underground shuttle cars, continuous miners, and scoops.

Jan 1, 1983

By W. C. Babcock

This report covers Phase V of .a continuing program to apply a new liquid membrane process called coupled transport to the recovery pf metals from hydrometallurgical leach solutions. During this phase of the program, a membrane system of moderate scale was constructed and field-tested at the Exxon Highlands Mine and Mill Co. site near Douglas, Wyoming. The test unit contained four hollow-fiber membrane modules, each with 100 ft2 of membrane area. In the field tests, about 1000 gallons per day of leach solution was processed. The unit was operated on the leach solution for about 50 days. Leach solution entering the unit contained 100 ppm uranium. This concentration was reduced to about 5 ppm by coupled-transport treatment, and the uranium was concentrated to about 2 wt% as a uranyl carbonate product. Under these conditions, a transmembrane uranium flux of about 2.5 lb/ft2-year was obtained. An economic analysis showed that the cost of recovering uranium from this leach solution via coupled trans-port is about $1.20/lb. At higher concentrations of uranium in the leach solution this cost is reduced. For example, at 1000 ppm the cost of uranium recovery is about $0.30/lb.

Jan 1, 1983

By Harvey Patashnick

Current state-of-the-art microweighing technology represented by the Tapered Element Oscillating Microbalance (TEOM) is utilized as the basis for a new generation of Personal Dust Exposure Monitors (PDEM's). Two design configurations are presented. The first is an end-of-shift analysis system which uses small TEOM-PDEM cannisters that replace the filter cartridges in the current PDEM system. All other components carried by the miner (cyclone preseparator and pump) are the same. After the shift the TEOM cannister is plugged into an interface box which enables a minicomputer to automatically identify the unit, determine the dust mass increase during the shift, compute the shift average dust mass concentration, and print out and/or store the data. The second design is a real-time TEOM-PDEM system which is capable of operation over a 10-hour shift and on demand display real-time dust concentration level, time weighted average, and shift average concentration. As a result of the design study, a prototype end-of-shift analysis system was fabricated and delivered to the Bureau of Mines. A description of this system which consists of six TEOM cannisters, interface electronics and minicomputer is given. The system represents a significant advance in the dust monitoring program in terms or accuracy and automation.

Jan 1, 1983

By Hal McVey

"Philosophy" addresses the definition and assigning of importance to the marketing of by-products. Two examples, one in metals and the other in industrial minerals, explore prime product to by-product relationships. Relative revenues from all products illustrate the importance of by-products to economic feasibility. "Mechanics" takes a broad view of the types of marketing organizations that are applicable to individual circumstances in the marketplace. In-house marketing as well as agents, merchants and trading companies are outlined and discussed. Philosophy Definition Of Terms Philosophy Definition Of Terms The definition of terns for a paper such as this is generally a necessary but not-very-interesting exercise. However, in simply trying to clearly define the term "by-product" some interesting relationships between products arise and the line of demarcation between "product" and "by-product" often becomes obscure. The search for that distinction represents the philosophy portion of the title. A couple of definitions of philosophy can even help to set the tone for what follows. According to Webster, philosophy is : 1 Pursuit of wisdom. 2. A search for a general understanding of values and reality.

Jan 1, 1983