Search Documents

By R. D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market. IntroductionMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. This paper will concentrate on market-based approaches to valuation of such properties. Other authors at MM2000 presented papers on cost and income approaches. Sorentino (2000) also provides a useful overview with some provacative commentary on methods.Market based-approaches are based on the principle of substitution and include such techniques as: comparable transaction analysis (sometimes referred to as sales comparison analysis); farm-in commitment (or option agreement) analysis; rules-of-thumb; and comparable market value analysis.Are there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal Committee of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2002

By P. Oliver

Rockburst conditions were first encountered at Inco's Sudbury area operations in the mid 1930's when mining advanced to below the 610 m (2000 ft.) horizon. Now, mining is being carried out at depths down to 2130 m (7000 ft.) at Inco'a Creighton Mine. While rockburst potentials have increased with depth. improvements in mine planning, methods, support systems and developments in destressing have alleviated the condition to where it is less of a problem now than it was in the early years. Hang of the improvements were developed, of necessity. through observation and reasoning because these were the only tools available at the time. Now, we are making use of stress - measurements, numerical modelling and microseismic source location technology to - help further reduce rockburat hazards.

Jan 1, 1987

By Liao Jianfeng

The Baosteel Zhanjiang 5,050m3 blast furnaces have been built with highly independent integration and innovation technologies and represented the state of the art of the world’s huge BFs. The proper of BF1 and BF2 is designed with long-campaign technology; both BFs share the same set of stockhouse, water and PCI systems; the BCQS serial-hopper no-bell top, TRT and blower are all local equipment as applied; four top-combustion stoves systems are matched; the BFG is cleaned by fully dry process; and the automation control system for the main process is self integrated. The BFs have been started up and performing with sound indicators. Their smooth proceedings symbolize China’s huge blast furnace ironmaking technology ascending a new high.

Oct 30, 2017

By W. W. Culver

The paper explores the substance, circumstances and significance of the Whelpley and Storer Copper Process. The 1866 Whelpley and Storer patent specified a process combining mechanical and chemical engineering. The process called for a down-drafting shaft furnace with a horizontal flue connected at the bottom of the shaft. Powdered sulphide ore was roasted in the shaft and then sent forward fully oxidized to a bath of sulphuric acid and/or calcium chloride. The “water furnace” was developed in Boston, at a time when the city was home to most Michigan copper mining companies. The process was field-tested at Quebec’s Harvey Hill copper mine. In 1865 James Douglas, Jr. took over management of the Harvey Hill mine with the challenge of saving the family investment. He needed a way to make money from low-grade sulphides. Through his relationship with chemist T. Sterry Hunt, Douglas learned of a possible way ahead using the process developed by Whelpley and Storer. The paper confirms the centrality of publications, meetings, and networking in the advancement of metallurgy. The process is of interest historically, as much as anything, because it is one of the pillars of James Douglas’ distinguished career in copper. INTRODUCTION At the 1866 meeting of the American Association for the Advancement of Science (AAAS) in Buffalo, New York, T. Sterry Hunt (1826–1892) read a paper “On the Metallurgical System of Messrs. Whelpley and Storer.” The paper is part of a chain of events that constitute the foundation of James Douglas’ (1837–1918) success in the copper mining industry. To understand the career of Douglas over the early years of modern copper mining, we must necessarily start with Whelpley and Storer. Going back to Hunt’s paper, he concluded his remarks by asserting that the Whelpley and Storer Process was “capable of such wide and varied application, that it is probably destined to have a very important influence on the industry of the world” (Hunt, 1867a). He reached this conclusion reasoning that the process had overcome a critical metallurgical hurdle (Hunt, 1867a). Hunt, a geo-chemist in modern terms, recalled that the chemist of those years easily separated copper from “sulphuretted” ores by converting it to a soluble salt from which pure metal was precipitated by “an equivalent of iron.” The problem was to “…apply this principle in the working of copper ores on a great scale...” (Hunt, 1867a). Hunt noted that this very problem had “…engaged the attention of many metallurgists, and has given rise to various processes for obtaining copper by the moist way, many of which are nearly or quite perfect in their operation, but are lacking in practicability and cheapness” (Hunt, 1867a). Hunt thought Whelpley and Storer had overcome the low-grade sulphide hurdle with a commercially viable engineering breakthrough. Yet in the history of copper metallurgy, the process is missing. What happened?

Jan 1, 2019

By Basil B. Zavoico

PRODUCTION of crude it in the United States during 1939 totaled about 1.255,776,000 barrels, an average of 3,440,482 barrels per day, 3.41 per cent above the 1938 output of 1,214,355,000 barrels but 1.83 per cent below the record pro¬duction of 1,279,160,000 barrels, in 1937. However only the two-week shutdown of oil fields in the Southwestern States in August and September prevented the domestic crude production from establishing an all-time record in 1939. Demand for all petroleum products for the first ten months of 1939 showed an increase of 7.04 per cent over the similar period of 1938. Domestic demand for all petroleum products was particularly benefited by the increasing industrial activity, advancing 8.37 per cent above the like period of the preceding year equivalent to a volume increment of 256,810 barrels per day; with motor-fuel demand gaining 5.83 per cent and demand for all fuel oils gaining 12.15 per cent over the corresponding period of 1938. The export demand for the first ten months of 1939 was slightly below the export movements during the same period of 1938, declining 0.56 per cent. The European war was a major factor in 1939 for the petroleum industry in the United States, even if, at the end of the year, the war had not yet resulted in the expected large shipments to England and France.

Jan 1, 1940

By Peter White

A bridge reconstruction project involved driving pipe piles for the new foundations. Disturbances within soil layers at depth caused sinkholes to open up within the construction site. After a near fatal accident, the pile driving installations were suspended. The solution involved ground im­provement through cement grouting with sleeve pipes and special grout additives to minimize migration of cement grout.

Jan 1, 1997

By Rashmi Ramesh

Zinc oxide nanoparticles and nanostructures form an active area of research in the recent years. It can be doped to modify electronic, optical and other properties. Synthesis and characterization of zinc oxide is of extreme importance in order to understand the structure property relationship in this material which is now being considered of importance next to carbon nanotubes. Microstructure of zinc oxide nanomaterial is extremely sensitive to the preparation conditions. Nanocrystalline pure and Mn and Mg doped zinc oxide samples were prepared by wet-chemical method under different growth conditions. The samples were investigated for crystalline phase, microstructure, morphology and luminescence characteristics. The effect of Mn and Mg doping on the characteristics of ZnO have been discussed.

Jan 1, 2010

By Yimin Zhu, Dezhou Wei, Haijun Liang, Zhifu Zhou

It has been fairly well established by many experiments that Thiobacillus ferrooxidans (T. ferrooxidans), also named Acidithiobacillus ferrooxidans(Kelly and Wood, 2000),can depress the floatability of pyrite. However, the mechanisms governing the process have not been known completely. In the present investigation, wettability and electrokinetic studies were carried out to examine the surface chemical changes on pyrite before and after interaction with T. ferrooxidans or its secretions. Attachment of T. ferrooxidans to pyrite was observed using a scanning electron microscope. The results of experiments showed that, under certain conditions, T. ferrooxidans and its secretions would obviously change the surface electricity of pyrite and result in the iso-electric point of pyrite shifting notably. However, the surface wettability of pyrite hardly changed and its hydrophobicity increased little after interaction with T. ferrooxidans and its secretions. Based on the results of the present investigation it can be reasoned that the depression of floatability of pyrite is due to the reduction of surface free energy, rather than the increase of surface hydrophilicity of pyrite. The decrease of surface free energy weakens the attachment of collector to pyrite; during the process bacterial protein plays the most important role and the bacterial chemotaxis strengthens the effect.

Jan 1, 2003

By T. A. Rickard

An educated man is distinguished neither by his clothes nor by his knowledge; he is replarkable not for the things he says, but for the way he says them. You cannot even stand with him under an archway in the rain without finding him out. He may talk only of the weather. His words and his phrases alike may be simple. -at distinguishes him is the arrange- ment of his words; however desultory his talk, it will be method- ical; he has habituated himself to foreseeing the part to be played by each word he uses and the place to be taken by each sentence he utters. On the other hand, the uneducated man, though shrewd and well-informed, will relate facts and events as they recur to him, generally in disorder; in his effort to recollect and in his attempt to rectify forgetfulness he will pause irregularly, filling the intervals with meaningless phrases, such as "and then ", "and: so ", or 'said he to me", "said I to him"; and even the contipuous parts of his story will be told confusedly-because he has not learned the proper use of words.* My own experience as an editor of technical manuscripts has taught me that the misuse of 'that' and 'which' is a fruitful cause of obscurity and confusion. The relative pronouns have distinct functions, and no writer can express himself clearly until he has learned to discriminate between these I functions. For example:

Jan 1, 1931

By S. Kelebek, E. Yalcin

"Two composite samples of a gold-bearing ore from North Western Quebec (Barry Township) were tested to assess their grindability, recovery by flotation and Knelson concentrator as well as extraction using cyanidation.Work index values (BWi) for two composites were found to be 10.4 and 11.0 kWh/tonne, respectively. Flotation tests involved feed samples for which the particle size ranged from a P80 value of 205 ?m to 53 ?m, which resulted in gold recoveries of 91.8% to 95.8% (at gold grades of 130 to 140 g/tonne). Cyanidation tests indicated gold extraction levels ranging from 94.2 to 97.5%. Higher, recoveries were obtained at finer grind sizes and higher cyanide strengths. However, the grind size had a bigger impact on gold leaching. Gold grade and recoveries obtained with the Knelson concentrator device were lower than those obtained by flotation. Mass recoveries to concentrate products strongly depended on the fluidization pressure used. High gold recoveries can be obtained generally at low water pressures of 3 to 4 psi. Higher water pressures produced more selectivity at the expense of higher gold losses.It can be concluded that the gold ore samples tested have good characteristics due to moderate levels of energy requirement, high gold recoveries and extraction rates attainable.INTRODUCTIONBench scale testing of ore samples is an important step in the long series of metallurgical and economic studies involved in bringing new ore bodies into production (Coleman, 1980). Through a laboratory testing program, the behaviour of an ore in a particular process on a larger scale can be established. In an exploratory manner, this testing can be helpful for classification of ores in terms of “good ore” or “problematic ore” by providing preliminary information on recoverability of target minerals. Potential problems if any can be assessed by further investigation of products (e.g., middlings) obtained as a result of testing. A detailed bench scale experimental program in the metallurgical laboratory can also provide the background work for flowsheet development. Depending on the simplicity or complexity of the ore to be tested and type of details required from a testing program, the amount of samples required in the mineral processing laboratory can vary from several kg to more than one hundred kg depending on how detailed the metallurgical testing program is."

Jan 1, 2008

By D. J. Barratt

The application of autogenous and semi-autogenous grinding circuits in recent years has contributed toward substantial savings in capital and operating costs compared to conventional circuits, particularly for large scale copper and molybdenum operations. Such savings have been realized from the deletion of operating, maintenance, equipment purchase and substantial civil/structural costs associated with secondary-/tertiary crushing and screening, fine ore storage and conveying. In spite of the downturn in the copper- moly industry in North America, there is still an interest in autogenous and semi-autogenous grincting for copper-zinc, gold and silver ores and in the overseas market. Both single-stage and two-stage circuits are in operation. Primary circuits operate autogenously or semi-autogenously in either open or closed-circuit. Critical sizes are extracted and crushed for recycle in some cases (e.g. ABC circuit). Secondary grinding is conducted using ball mills or pebble mills.

Jan 1, 1985

It is easy to demonstrate the importance of aggregates in any conversation about infrastructure and other engineering artefacts. Peoples around the world have made use of stone to enrich and enhance their lives since the earliest days of civilisation. In New Zealand, Maori used hard durable rocks for weapons, tools, and basic structures. European settlement accelerated the use of quarried materials and formed the basis for development of our society as we see it today. Logic might suggest that the quarrying sector would be recognised positively for, and encouraged to continue to contribute to, this underpinning of the way we are. The reality is æNot In Most Back YardsÆ. Why? The rock is where it's always been (often overlooked) and our æsocialÆ environment is today's hard place. For a resource-based business in New Zealand, that environment is principally the Resource Management Act, with the widespread power it has distributed to anyone prepared to invest their time. This coupled with a lack of leadership and direction in the implementation of the Act has created a climate that stifles development and diverts energy and resources to æplaying the gameÆ rather than ælifting the gameÆ. Perhaps the real costs of this are not yet widely recognised. The paper will draw mainly on the experience of endeavouring to consent a ægreenfieldÆ quarry in the Waikato region. This is supported by commentary based on nearly 10 years of ælivingÆ with the RMA at sites across much of New Zealand. RMA Scorecard Summary: Effects based? Rarely. Level playing field? No. Maori Consultation? Could do better. Efficient use of resources? No. Timely? No. Is it working for other sectors? Certainly not the quarrying industry's customers and end users.

Jan 1, 2000

By Tsunenobu Nozaki

"AbstractThe PRESS-IN METHOD is widely recognised as “an environmentally friendly piling method”. However, this characteristic is only one of the fundamental advantages of the method and this paper presents the most up-to-date capabilities of the method. Due to the evolution in recent years, the Press-in Method is now applicable to 2.5m thick retaining walls, over 50m deep foundations, overcoming rock conditions and confined construction conditions.The Press-in PrinciplesThe basis of the Press-in Method is simple. The Silent Piler presses a pre-formed displacement pile into the ground by static jacking force. The reaction for the Press-in Force is generated by gripping previously installed piles. As a pile is pressed into the ground, “A Pressure Bulb” is formed around the pile toe. Accordingly, higher bearing capacity can be generated compared to driven piles without disturbing the ground and producing any vibration. (A comparison of jacked, driven and bored piles in sand (2005), Deeks et al.)Applicable Pile ProfileThe Press-in Method is applicable to most of the steel piles available on global market i.e. U sheet pile in single form and pair, Z sheet pile, also in single and pair and Tubular Pile as described in Figure 2. Wall thickness of those piles can be 0.3m to 2.5m and moment of inertia of the wall ranges up to about nine million biquadratic cm per meter, which can deliver similar elastic modulus EI (kNm2/m) to 2.0m thick diaphragm walls and can be utilised for extremely deep excavations required in today’s construction industry"

Jan 1, 2014

By F. Calizaya

The Western Mining Training and Translation Center is a consortium of four universities devoted to developing educational and training projects to reduce the incidence/accident rates in the mining industry. The center consists of Missouri University of Science and Technology, Montana Tech, the Colorado School of Mines and the University of Utah. It is fully funded by the National Institute for Occupational Safety and Health (NIOSH). The center manages 15 educational projects and one translation project. Hazard Identification and Risk Assessment (HIRA) for Small Mines is an educational project managed by the University of Utah. The objectives of this project are to identify critical mine hazards, assess risks; outline procedures to reduce accident/incident rates in small mines in the western United States and to train mine workers and super-visors on HIRA in each participating mine. To accomplish these objectives, the HIRA personnel visited 15 small mines in Utah, Colorado, Nevada and California. At these mines, most operators were employing independent contractors to perform several tasks ranging from drilling, blasting and mucking of rock at the work site to hauling ore to a processing plant. The operation of diesel-powered equipment was one of the major tasks performed by the contractors. This article presents three case studies in which contract workers performed a number of tasks with no reportable incidents but did so unsafely. It also highlights the training received by most contractors, the constraints imposed upon them and the safety hazards to which they are exposed most frequently.

Jan 1, 2008

By T. G. Ewart

INTRODUCTION FOR THE purpose of this paper, western bituminous coal is defined as steam coal produced in Alberta and southeastern British Columbia for sale primarily to railways and industries. Before examining present and future markets of this industry, it is proper to review briefly financial and operating conditions within the industry. The report of the Royal Commission on Coal, 1946, supplies financial data from which some conclusions may be drawn. In 1944, the industry as defined above had share capital of $24,886,696. In the fifteen years 1930 to 1944, inclusive, the industry produced: 44,364,211 tons of coal. The profit on this tonnage amounted to $4,678,382.58, which represented 10.6 cents per ton of production. Miscellaneous earnings increased the amount available for dividends to shareholders to a total of $8,487,952.41, which is equal to, 19.1 cents per ton of production. Dividends actually paid in this fifteen-year period amounted to $12,332,040.64, which represented an annual average rate of 3.40 per cent on share capital. It is worthy of note that, in 1944, the net current position of the industry, including investments, was $8,753,874.51. The writer believes that the financial position of the industry with respect to capital, current financial position, and net earnings, has not significantly changed from the fifteen-year period out-lined above. The figures quoted indicate the following situation: (1) The western bituminous coal industry is adequately financed. (2) The industry has followed a conservative dividend policy and has accrued funds for contingencies. (3) The industry has sold its production at very reasonable prices as evidenced by its moderate earnings per ton of production.

Jan 1, 1951

By Manuel Arnáiz, Pedro R. Sola, Rogelio Baudot, Manuel Herrera, Carlos S. Oteo

The aim of this paper is to describe and analyze the ground treatment performed between January and May 2002 in order to increase safety during excavation and reduce instability problems along 180 m of tunnel, during the construction works associated with line 10 extension to the Madrid Metro. The tunnel was excavated using the traditional Madrid Method and in the section considered in this paper layers of sand were detected around the tunnel crown area with a significant presence of water, the in?ow of which needed to be controlled with a minimum impact on the surrounding environment.

Jan 1, 2003

By C. J. Newman

Before 1995, the smelting process at the Kennecott Utah Copper Corp. (KUCC) smelter consisted of Noranda reactors and Pierce-Smith converters. When considering expansion, it was decided that the existing process would not lend itself to a program geared toward processing the total output of copper precipitate and copper concentrate from KUCC mining and concentrating operations. During 1989 and 1990, several smelting options were evaluated. The final selection was the Outokumpu flash smelting process, coupled with the new Kennecott-Outokumpu flash converting technology. Facilities were designed and installed to process 1 Mt/a (1.1 million stpy) of copper concentrate, with the ability to expand to 1.2 Mt/a (1.3 million stpy). The smelter facility that used the Noranda technology was shut down in May 1995. The flash smelting furnace operation began in June with the flash converting furnace start-up a few weeks later.

Jan 1, 1999

By M. Stephton, L. A. Cornish, R. Süss, N. B. Maledi, J. H. Potgieter, L. Chown

In today?s gas turbines, the emphasis is on saving energy and reducing the amounts of pollutants emitted. This can be attained only by designing alloys with higher melting points and the capability to retain mechanical integrity at increased temperatures. The development of nickel-based superalloys (NBSAs) has reached its limit, as the alloys are operating at critical temperatures close to their melting points. Further increase in the operating temperatures will result in dissolution of the strengthening phases and even melting. Recent trends are towards developing materials that are adequately strong but have much higher melting points and corrosion resistance than the NBSAs that are currently in use. Studies conducted on Pt alloys with similar structure to the NBSAs have presented mechanical results that are promising. This has led to further development of these alloys as a replacement for NBSAs. The operations of gas turbines are usually limited by hot corrosion, which could lead to catastrophic failures. Increased temperatures have an adverse effect on the corrosion of the alloys by making the environment more aggressive. Hence, during a material selection process, the corrosion behaviour of any selected material for a highly specialized application such as gas turbines needs to be assessed. Generally, coatings are applied to combat degradation by salt deposits, hence coated and uncoated NBSAs were selected as benchmark alloys. Corrosion mechanisms and kinetic studies of the Pt alloys were conducted. High temperature hot corrosion (HTHC) tests were conducted at 950°C for540 hours. Analysis of the corrosion products was conducted using a Raman spectrometer, scanning electron microscope with energy dispersive X-ray spectroscopy (EDS) optical microscopy, and X-ray diffraction study of the phases that formed. Both coated and uncoated NBSAs failed under the test conditions. Samples were covered with a porous non-adherent greenish layer which is characteristic of NiO. Pt alloys displayed superior corrosion properties compared with the benchmark alloys.

Jan 1, 2006

By G. G. Goble

Significant progress has been made in the past decade in determining the load bearing capacity of pile foundations. Developments in the means of prediction of pile capacity as limited by soil strength have been substantial, particularly in the use of dynamic methods. The use of currently available equipment, analytical procedures, and practices in the field, will often produce material economies on a job by allowing increased loads with proven factors of safety. This approach justifies the minimum number of piles required for a safe foundation in a wide range of job sizes and soil conditions. To avoid exposing the reader to excessive detail in the body of this paper, technical topics have been covered more thoroughly in several appendices. I. Wave Equation Analysis of Piles Appendix A II. Dynamic Monitoring and the Pile Driving Analyzer Appendix B III. Case Method Capacity Calculation Appendix C IV. Case Pile Wave Analysis Program Appendix D 1 Preliminary Analysis In designing driven pile foundations, there must be a close relationship between design, construction control procedures, driving practices, and the size of the job. Small commercial buildings or residences involving loads that are only a fraction of the pile capacities do not justify the expense of detailed design processes or elaborate construction controls. Nevertheless, some preliminary analysis of the job requirements and a limited subsurface investigation must be made to understand existing conditions and the possible foundation solutions. In other words, it is necessary to determine that driven piling is the best overall choice of foundation.

Jan 1, 1988

By Matthew E. MacGregor, Hugh T. Kelly

I.H. 635 (LBJ Freeway) was constructed as a loop freeway around the city of Dallas in the late 1960s and early 1970s with a design capacity of 160,000 vehicles per day (vpd). Today’s facility is carrying over 270,000 vpd. To help mitigate community concerns with regard to right-of-way issues, noise, safety, and traffic disruption, the Texas Department of Transportation (TxDOT) is planning a number of significant improvements. The West Section improvements include the construction of managed HOV/Toll lanes. Within this 8-mile section, TxDOT is planning two mined tunnels(1.5 and 1.9 miles long) beneath the LBJ Freeway. The mined tunnels will connect to cut-and-cover box sections in both the east and west directions. This paper presents an overview of the project development from the design schematic, through the geotechnical investigations, into the current design stage. The project is being planned for implementation by use of a Comprehensive Development Agreement.

Jan 1, 2005