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By Arthur Knapp

THE economics of fuel oil must be considered in two aspects; viz., fuel oil as one of a number of competitive fuels and fuel oil as a refined product of petroleum. "Fuel Oil" is usually defined as that product of petroleum which is used in furnaces for the generation of heat by simple combustion. It is true that any product of petroleum used in an internal combustion engine is essentially a fuel oil, but such oils are not included in the class known as "Fuel Oil." FUEL OIL AS ONE OF SEVERAL FUELS For a number of years, the petroleum industry has believed that the petroleum reserves were very limited and that petroleum products would begin to become scarce within a few years. The industry has believed FIG. 1.-DAILY AVERAGE CONSUMPTION OF FUELS BY PUBLIC UTILITY POWER PLANTS. that there would be a gradual but continual rise in prices as a result of this impending scarcity.

Jan 1, 1928

By James A. Brown, Marius Botha, Christopher A. Fleming

"The technical and economic feasibility or re-processing hundreds of millions of tons of tailings in a number of historic gold tailings dams in the Witwatersrand area of South Africa is being investigated. The objective is to recover uranium and residual gold from the tailings, as well as to oxidize the sulphides to eliminate long term environmental liabilities associated with acid mine drainage. The tailings from the re-processing plant will be re-deposited in a new area far from urbanization, allowing for the rehabilitation of the real estate currently occupied by these historic tailings.The first step in the process involves a mild-regrind and mild acid leach of the tailings (pH 2.5 to 3.0) to dissolve up to 40% of the uranium. This uranium is recovered directly from the pulp by resin in pulp (RIP) with a strong base resin. The RIP tails are then treated by flotation to recover a rougher pyrite concentrate, and flotation tailings that are discarded. The rougher concentrate is cleaned to produce a final pyrite concentrate and cleaner scavenger tailings, and the pyrite concentrate is oxidized in an autoclave to leach uranium and generate acid. The autoclave discharge is combined with the cleaner scavenger tails, and the acid and ferric ions generated in the autoclave are used to leach more uranium and oxidize more sulphide in the cleaner tails. The product from the concentrate leach circuit is processed by resin in pulp for uranium recovery, followed by neutralization, cyanidation and carbon in pulp for gold recovery.The rougher float tails may be further treated to recover gold that was not recovered in flotation, but which had been liberated from the old dumps by natural oxidation of some of the pyrite over many decades. The float tails would be neutralized and treated by cyanidation and CIL to recover this liberated gold.All parts of the flowsheet have been extensively tested in the laboratory, and the critical elements of flotation, pressure oxidation and resin in pulp have been demonstrated in pilot plants. The results of the hydrometallurgical investigations are presented here."

Jan 1, 2010

The small scale alluvial gold mining industry in Papua New Guinea (PNG) is c.irrently the only form of small scale mining carried out in this country. It already contributes significantly to the economy with current production estimated at 2 000-2 500kg per year. Until recently, small scale alluvial gold mining has been confined to simple panning and sluicing of high grade alluvial and colluvial deposits. Traditionally the small scale miner in PNG has only worked gravels with gold grades in excess of 500mg/m3. Grades of this order are required to justify the hard physical labour involved ~n hand operated small scale mining methods. .he introduction of higher throughput technologies such as trommels fed by hydraulic excavators has the effect of altering what constitutes an economically viable deposit. Mechanised techniques allow for the consideration of grades of almost half that level. The potential and opportunities for utilising this type of small scale mechanised mining in PNG are enormous with large areas of ground with gold grades running in excess of 250mg/m3 and often up to 2000mg/m3 throughout the country. An assessment of the current operating economics of this technology in the PNG context is the principal objective of this paper. Small to medium scale mechanised mining can potentially contribute significantly to the PNG economy particularly as it lies within the react-, of many PNG businessmen. Its potential is currently somewhat limited by a general lack of infrastructure and is also constrained by socio-political factors.

Jan 1, 1991

By C M. Standen

The SAG mill at Rasp Mine has undergone a number of liner design modifications since commissioning in 2012, making liner wear and failure difficult to predict from historical data. During 2017, several instances of liner failure or near failure were experienced resulting in unplanned downtime for emergency relines or to patch liners in the lead up to a planned shutdown. The strategy for relining mills is often to minimise the frequency of relines (and subsequent shutdown costs) by extending liner life, achieved through design modifications. However, it was observed that as the Rasp SAG mill liners wear, mill performance declined with power draw increasing and throughput declining. Opportunity and inefficiency costs start to erode the revenue per additional tonne milled for a given set of liners, and in turn the benefit of delaying relines. As such, optimising the frequency of relines becomes a trade-off between reline costs and opportunity/inefficiency costs in delaying relines. The aim of this paper is to demonstrate a frame work for analysing costs using a marginal economic analysis with the assumption that the Law of Diminishing Returns can be applied to the life of mill liners. The SAG mill operating variables can be modelled to determine their impact on costs and an optimal reline point can be defined where the total costs are minimised. This prevents unexpected failures due to accelerated wear by providing justification to reline earlier and thereby allowing efforts to be focused on sustaining milling performance.CITATION:Standen, C M, 2018. An economic approach to optimising mill reline frequency – a case study of SAG mill relines at Rasp mine, in Proceedings 14th AusIMM Mill Operators' Conference 2018, pp 197–206 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 29, 2018

By Andrew G. Hudson

The long-term economics of each of the four principal metals in marine manganese nodules (copper, nickel, cobalt and manganese) was evaluated to determine the anticipated viability of a nodule mining venture based on existing studies of the potential profitability of a nodule project. This included assessments of the lifetimes of land-based reserves, and examination and econometric modelling of the economic variables thought to affect nodule metal prices and demand. These analyses demonstrated that a) land-based reserves of the nodule metals were likely to last well into the future (100 400 years); b) average nodule metal paces were likely to stay a low levels for the foreseeable future; and c) the expected revenue stream from a twenty- ear nodule mining venture was substantially (42%) below that required to attract the necessary investment capital for such a high risk venture.

Jan 1, 1996

By Don K. Smith

The northern zone of the Indus Basin comprises a vast area of essentially level land in West Pakistan which is irrigated by means of a complex system of canals that distribute more water to more land than any other irrigation system in the world. In spite of the development of this extensive irrigation system, production of food and fiber has not met the requirements of the country. The major reasons that crop production has not reached anticipated levels are the lack of adequate irrigation supplies and effective subsurface drainage. As a result, yields per acre are among the lowest in the world for areas where irrigation is practiced, and many thousands of acres of valuable crop land have been removed from production or are seriously affected by salinity and waterlogging. To rectify the problems of irrigation supply and drainage the Government of Pakistan has undertaken a program of Salinity Control and Reclamation which is being administered by the Water and Power Development Authority. The Authority retained Tipton and Kalmbach, Inc. , of Denver,, Colorado as Engineers for the program in the northern zone of the Indus Basin. -This program consists of the construction of about 30, 000 irrigation wells to provide drainage for waterlogged lands and full irrigation supplies, including leaching requirements, for; all cultivated lands. The program will ultimately ensure the productivity of 20 million acres and will involve an annual pumpage from ground water storage of nearly 40 million acre-feet of water. The value of the crops produced when the program is in full operation will be 4 to 6 times the value of the crops that could be produced without the benefits of this program.

Jan 1, 1967

By Dave D. Ferris

Today the coal industry is beginning to use some very fundamental economic evaluations to determine the most economical circuit to produce a specified saleable product. The fundamental economic methods used are standard return on investment and net present value calculations. By utilizing these economical evaluations, one can justify a larger capital expenditure and realize more return for an investment over the life of a coal property.

Jan 1, 1983

By R. P. H. Willis

This paper describes the economics of backfilling, hydro-power, and mechanization when they are combined in an integrated stoping system. These three technologies have been shown to be viable, and the mines of the Gold Fields Group are introducing backfilling where the depths exceed approximately 2000 m below surface and in other highly stressed areas. addition, a number of mines are installing hydro-powered systems, and the first trackless stope within the Group may soon be a reality. The main emphasis in the paper is placed on the quantifiable effects of trackless stoping, including a basic risk analysis by use of a spreadsheet model. It is concluded that a substantial decrease in working costs and an increase in revenue are possible, resulting in a marked increase in working profit.

Jan 1, 1989

By Robert W. Bergmann

Twenty years ago, the standard voltage for stripping machines was 4160 v and few people even thought of using a higher voltage. It was adequate for the machines of the day, which seldom exceeded 2500 hp, and higher voltages were considered to be too expensive and even dangerous. Then, in 1956, a 4500-hp machine was placed in operation and it was determined, with some reluctance, that it should operate on 7200 v. The next step, to 14,400 v, was taken in 1964 and the latest, but perhaps not final, step was made in 1967, when voltage was increased to 25,000 v. Today, 4160 v is considered almost obsolete and 7200 v is generally considered standard. However, a few mines are using 14,400 v and some eight machines soon will be operating on 25 KV, indicating that the technical and safety problems have been solved and that there must be some merit to the higher voltages. Thus, it is logical to question, "How do I determine the best voltage for my operation?"

Jan 12, 1972

By Jan M. Mutmansky

The primary purpose of this presentation is to analyze the strategies available to an operator using either stripping or stripping and subsequent punch mining on a given coal property. The initial concern is the formulation of a mathematical model, which allows an operator to determine and utilize the particular highwall height, which will maximize : (1) Total profit or (2) Profit per unit of operating time. The analysis centers on the relative costs and recoveries involved in a typical coal seam amenable to stripping, augering, and punch mining. The model defines the point to which the high-recovery stripping operation with increasing overburden removal and reclamation costs should proceed before the low-recovery augering and punch mining methods are employed so that the desired objective is achieved. Examples are presented, which exhibit the use of the model on typical operations. Present mining methods as practiced in the Eastern United States are examined in the light of the results. Recommendations for improving present strategies are made and the resulting economic ramifications are analyzed. Particular attention is given to the stripping ratios presently used and recommendations for improving present mining practice are presented. Implications of these recommendations to the design of strip mining equipment are discussed.

Jan 1, 1977

By I. Bock

Selective Blast Mining (SBM) makes use of milli-second sequential blasting technology to separate the valuable reef material from waste rock in the blasting operation at stope faces in the mining of tabular ore bodies such as exist in the gold and platinum mines in South Africa. The waste rock is cast blast to the back of the stoping area, and the reef material is fractured and deposited close to the stope face. Only the reef material is transported to the surface. A simplified economic model is presented to evaluate the economic benefits of SBM. Although premature, in that adequate experimental demonstration of the validity of the model has not yet been possible, the model is presented since it indicates substantial benefits in the case of narrow reef gold mines. It is suggested that many marginal mines should seriously consider SBM. Benefits can also be realised in platinum mines, but a lot more experimental work is necessary to establish cost parameters more reliably. Some practical experience in the use of SBM in the mining of the UG2 reef is presented.

Jan 1, 1998

By Gregory Dybalski

The purpose of this paper is to illustrate the forecast capability of the econometric model of the cobalt industry1/ as utilized by the Federal Preparedness Agency. Forecasts from this model are illustrated from the premise that the leading producer continues production of cobalt. An alternate forecast is presented where the model structure is altered to reflect the condition where the leading producer leaves the market. All estimations and forecasts presented here are shown for illustrative purposes. The cobalt industry is highly concentrated; one company, owned by the Zaire government, accounts for approximately three-fifths of world production. The cobalt supply outside of Zaire is determined by the level of activity of copper or nickel markets, as cobalt is mined as a by-product of copper or nickel. The demand for cobalt reflects a diversified usage pattern; cobalt is used mainly in heat and corrosion-resistant materials, high- strength materials and permanent magnets. According to 1974 U.S. consumption data superalloys accounted for 22%, magnetic alloys 18%, cutting and wear-resistant materials 13%, and catalyst 7%. Foreign consumption is probably similar in terms of usage categories, but the relative order of the categories is in variance.2/ The Cobalt Model The cobalt model's object is to explain consumption, supply and price movements by utilizing statistically estimated equations. Central to the econometric model is the role of Zaire as the profit-maximizing "dominant firm". Zaire sets the price that is most profitable for itself. The price of cobalt depends on industrial demand, production of other firms, and net exogenous purchases, such as government

Jan 1, 1977

By G. P. A. Howe

"A computer model of the rutile, ilmenite and zircon industry was developed jointly by Associated Minerals Consolidated and Consolidated Gold Fields for exploring marketing strategies and making predictions over a ten-year period. The industry is described briefly and the reasons for modelling it and choosing a deterministic approach explained. The economic structure of the model and its level of complexity are discussed. The necessity and techniques for convenient input and clear output, the team composition and the method of work are discussed.The reasons for the choice of FORTRAN, large computers, remote batch terminals and the vital importance of fast turn-round are discussed.Costs in staff time and computing are given, with an assessment of the reasons for the success of the model. The model is used on a regular basis to aid management decisions."

Jan 1, 2014

By Gerry Norton

The purpose of this paper is to make the most complete assessment of coal cleaning methods, both process and equipment related to modern-day production and environmental requirements. In order to achieve this primary objective, a number of interdependent aspects of coal cleaning technology require evaluation and analysis. 1.0 CLASSIFICATION OF SEPARATION PROCESSES Processes and cleaning equipment can be categorized according to the important parameters of 1) mechanics of separation, 2) size range application, 3) range or variance in accuracy of separation related to 2) above, and 4) feed-size ratio affecting 3) above.

Jan 1, 1977

By L. F. Contreras

In open pit mine design, it is customary for geotechnical engineers to define the appropriate slope design angles within practical limits. The conventional approach to slope angle design is based on the comparison of calculated stability indicators, such as the factor of safety (FS) and the probability of failure (PF), with generic acceptability criteria not directly related to the impacts of failure. A major drawback of this type of approach is related to the difficulty of defining meaningful acceptability criteria. An alternative methodology of pit slope design is proposed, where the economic impacts of potential slope failures are calculated and used as the elements on which to apply the acceptability criteria for design. The methodology is based on the construction of a graph, referred to as a risk map, that relates the probability of exceeding the economic impact of slope failure to the magnitude of the impact measured in monetary terms. The process includes the analysis of a selected number of representative years of the mine plan and slope sections of the pit areas to define the required inputs for the construction of the risk map. The paper discusses the concepts used in interpreting the probability of slope failure, and describes the approach followed for the estimation of the economic impacts of slope failure and the construction of the risk map. Finally, the two main uses of the risk map are discussed, including the comparison with acceptability criteria for the evaluation of a specific open pit design and the comparative analysis of open pit design options in terms of value and risk to identify optimum pit layouts.

Jan 1, 2015

This paper describes the economic study of longwall versus bord and pillar mining using all continuous miners for a colliery located at the South Coast district of New South Wales, Australia. In this district longwall mining appears to be a better economic proposition than bord and pillar. The internal rate of return on investment is found to remain approximately constant for each method irrespective of life. The economic importance of percentage extraction of coal is shown to be small for high values of minimum rates of return, becoming more significant as the minimum rate of return decreases.

Jan 1, 1980

By Wendy L. Naysmith

This paper deals with the various options considered and factors that influenced the final selection of the headframe, shaft layout and hoisting systems required at the Impala No 16 Shaft in order to hoist both the required 3 Mt of ore per annum, and transport men, material and equipment between the surface and the underground workings to a depth of 1640 m. The layout and construction method used for what is at present the world?s tallest concrete headframe is discussed together with the integrated hoist room foundations designed to suit multiple mechanical and electrical hoist supplier?s solutions. The mechanical components of the two tower mounted 6,5m 4 rope Koepe hoists and deflection sheaves and their layout is dealt with in detail. Various features of the bearing type, brake units and brake control system are also discussed. Installation of the mechanical and electrical hoist equipment in the headframe took place during the sinking phase of the project and placed severe restrictions on the use of the heavy lifting facilities. This required a well-managed and systematic approach to delivery of the hoist components and associated equipment, as well as close co-operation between all contractors on site.

Oct 1, 2010

By Xaykhamphoune, Ward B

Draglines have been used exclusively for primary overburden stripping at the German Creek Mine complex in central Queensland, where coal has been extracted from a series of ten open cut pits working seams of the German Creek Coal Measures. Due to the dip of the seams, most of the pits have now reached the limit of current economic viability and the emphasis has switched to underground extraction using longwall methods and to a new area of open cut reserves in the nearby Rangal Coal Measures at German Creek East. This area is characterised by weak Tertiary overburden, relatively steep dips and low strength intraformational shear planes at the top and bottom of the coal.The first pit, with a maximum depth to coal of 15 m at the low wall, avoided any major slope failure through use of scrapers to excavate the boxcut and dump the spoil away from the low wall. However, this method was not considered economically viable for the second pit where low wall depths reached 44 m. Following geotechnical investigations the boxcut was divided into a number of zones depending on depth of cover, dip and thickness of Tertiary clay. Slope stability was assessed for each zone using several analytical techniques to ensure that dragline mining would be acceptable. Slope design parameters incorporating various stabilisation techniques, notably an updip trench backfilled with competent spoil to form a low wall buttress prior to excavation of the boxcut panel, were successfully integrated into the mine plan after careful consideration of the complex scheduling to minimise rehandle.

Jan 1, 1992

By Ian Graham

In 2013 the Government of New Zealand launched a number of ‘National Science Challenges’ (NSC) to address major issues facing the nation, and raise public consciousness about science and its role in promoting evidence-based decision making. One of the 10 proposed NSCs focuses on New Zealand’s extensive Exclusive Economic Zone (EEZ) and Extended Continental Shelf (ECS)1, with an objective to enhance utilisation of marine resources within environmental and biological constraints, and the desired outcome of:

Sep 1, 2014

By J. E. Dinger, Ross Gunn

Faraday's Law of magnetic induction states that the e.m.f. acting around a closed circuit is equal to the time rate of change of flux through that circuit. If the closed circuit is a conducting medium, there will flow an electric current which is propor¬tional to the conductivity of the material and the time rate of change of the flux. Electrical currents so induced in a con¬ducting material are often referred to as eddy currents. Eddy currents are thus induced into a conducting material by (1) a time rate of change of the magnetic field through the material, by (2) a relative motion of the conducting material and a magnetic field, or by (3) a combination of (1) and (2). Because the magnitude of the induced eddy currents is dependent upon the resistance of the equivalent conducting path, these currents offer a method of detecting electrical discontinuities in a

Jan 1, 1945