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By Jan Luca Grunow, Ansgar Bendiek, Klaus Böde

According to the Markowitz portfolio theory the value of a diversified portfolio is higher than the sum of the parts of a portfolio, which is an important consideration for the correct valuation. This is valid for real estate portfolios as well as for mining assets (or enterprises). This paper analyses the application of the portfolio theory to a diversified portfolio of assets in the real estate industry and draws conclusions on further research work to be done in the minerals industry. The volume of real estate transactions is increasing over recent years. As such, the nature of those transactions is constantly changing and in some cases portfolios become more heterogeneous as they are composed of different property categories, e.g. locations and types of use. This makes their economic evaluation more difficult. This paper focuses on the acquisition of a fairly heterogeneous real estate property portfolio purchased by “Commerz Real” in Germany in Q4 2019. For economic evaluation the widely used Markowitz portfolio theory (Markowitz, 1952) was applied. It was investigated whether diversification effects could achieve added value in the form of a reduction in risk compared to the sum of their individual components. As a result the findings of this research could be applied to other heterogeneous real estate transactions and even to mine property portfolio or PPP1 project portfolio transactions.

Jun 25, 2023

By J. S. Lee, R. K. Massarsch

"A 3.2 km long immersed road tunnel forms part of the Busan-Geoje Fixed Link in South Korea, which connects Korea's second largest city Busan, with the island of Geoje. To ensure the water tightness of the joints of the segmental tunnel structure and to limit the forces in the shear keys, the differential settlements have to be limited. This was achieved by extensive soil improvement of the marine clay below the tunnel with cement deep mixing (CDM) and sand compaction piles (SCP). This paper focuses on the characteristics of the marine clay, the basic design principles, layout and constructional issues of the CDM soil improvement, and numerical and numerical analyses to predict settlement and stability.INTRODUCTIONThe Busan-Geoje Fixed Link consists of two short cut & cover tunnel access ramps, a 3.2 km long immersed tunnel (Figure 1) and two long span cable stayed bridges. The tunnel consists of eighteen concrete elements each of 180 m length having a rectangular cross section of 26.5 m in width and 10 m in height. The tunnel elements are cast in a dry dock on shore and floated out to the sea, immersed in their final positions on a gravel bed in pre-excavated trench and connected to each other by a dual gasket system. The water depth was up to 50 m making the tunnel of the deepest yet constructed. After immersion, the tunnel is protected by backfill material at the sides and rock armour on top. Each tunnel element consists of eight 22.5 m long segments. The joints between the segments and between the tunnel elements are equipped with EDPM water stops, Omega seals and concrete shear keys. The longitudinal displacement behaviour of the segmental tunnel structure in the varying ground conditions represents a complex soil-structure interaction problem which has been modelled with a FEM structural model representing the tunnel, the joints and with springs to represent the soil that are derived from the PLAXIS soil/foundation models. In order to ensure the water tightness of the joints which have limited opening capacity and to limit the forces in the shear keys, differential longitudinal settlements have to be limited. This is achieved by limiting the variations in subgrade modulus along the alignment and it in practice means that differential settlements are limited to a few tens of millimetres. Without soil improvement of the marine clay below the tunnel, long-term tunnel settlements of up to 400 mm were predicted when taking into account the likely variations in the trench profile, backfilling and uncertainties in the soil properties. Such large total settlements led to large variations in the sub-grade reaction along the alignment, which in turn resulted in significant differential settlements, unacceptable joint opening and large shear key loading. It was therefore decided to carry out extensive soil improvement with cement deep mixing (CDM) (CDIT, 1999) and sand compaction piles (SCP) (Kitazume, 2005) after studying a number of foundation alternatives."

Jan 1, 2015

By Claude P. Heiner

While the title of this paper embraces the entire West Coast, the author, in the interest of simplification. has confined the discussion to California-particularly the central section. California's population has, risen 45 pct since 1940. Its electric requirements have also increased, not only because of the growth in industry and population but also because of the widespread tendency of all types of electric consumers to use more electricity than ever before. The growth of California's electric utilities is shown by published data covering operations, of three of its large systems and is given in Table 1.

Jan 1, 1949

By H. von Blottnitz, B. E. Isheloke

Mining is a significant economic activity in most Southern African Development Community (SADC) countries, and mineral beneficiation has been identified, and controversially discussed as one of the possibilities for industrialisation. With many member countries being economically too small to muster the human and financial resources which beneficiation requires, the recently adopted Regional Mining Vision (RMV) envisages interventions at a regional level. An opportunity arose to ask industry role players to what extent the SADC appears to support regional beneficiation policy interventions undertaken by member countries, and what the challenges are in undertaking beneficiation regionally, as a complement to, or substitute for country-specific beneficiation policies. Twenty-five semistructured interviews were conducted with experts from SADC member countries during the 2019 Mining Indaba. Participants were divided on whether beneficiation should be carried out nationally or in the SADC region. While beneficiation could support value-keeping, key challenges were found to be infrastructure development (i.e. energy, water), scarce skills, access to technology and related costs, but also lack of free trade and movement. We submit that a more integrated beneficiation strategy for the SADC region, as is being developed through the RMV, would indeed be relevant in the future. Keywords: Mineral beneficiation, regional integration, beneficiation policy interventions, African mining vision, mining, SADC

Jan 1, 2020

Optimisation of the Advanced Automation System at Inmet Mining's PyhSsalmi Mine, Finland

Sep 13, 2010

By Philip C. Good

Preliminary studies showed that direct hydrolysis of H2SiF6 to SiO2 and HF at elevated temperatures was subject to many mechanical difficulties, and that corrosion of construction materials was a serious problem. Elimination of SiO2 from the HF product was generally poor. An alternative procedure, hydrolysis of lime-neutralized H2SiF6 by steam at 950° to 1,100° C, yielded a product very low in SiO2. Condensates containing up to 300 g/1 HF were prepared.

Jan 1, 1968

By R. P. H. Willis

For technology transfer to be successful a process, from research to full scale application, has to be followed. This paper describes such a process and how it is applied in practice. Some of the ?do?s? and ?don?ts? are highlighted. Recommendations are made on how to communicate existing knowledge and to ensure that a framework exists to effectively plan future projects with final technology transfer objectives firmly in place. The Impact Ripper System is used as a case study to illustrate lessons learned. Key words: Technology transfer, implementation

Jan 1, 2002

By Frank Hirthammer

Since the introduction of the Explosives Track & Trace in Europe in 2014 for manufacturers and 2015 for end-users, a lot has changed in all areas of the supply chain and the use of explosives. The regional associations, manufacturers' organizations, and trade associations have proven that it is possible to overcome a hurdle, that looks almost impossible in the beginning, through consistent cooperation. The paper gives an insight into the problems involved in introducing such a requirement, identifies ways and solutions, and concludes them. When looking at the current situation, the paper describes the process by which a prescribed change in business processes are transforming into a solution that increases productivity, security, and handling.

Feb 1, 2020

By W. F. Wyman, S. F. Ravitz

"INTRODUCTION By far the greater part of the high-grade manganese ore used in the United States is imported from overseas. During the early part of the recent World War importations of manganese ore were seriously threated, and it appeared that it would be necessary to utilize low-grade domestic ores to the fullest possible extent. Among the processes that appeared to offer the best possibilities for beneficating low-grade domestic oxide manganese ores, which ordinarily are net readily amenable concentration by ore-dressing methods, were those involving leaching with sulfur dioxide. The Bureau of Mines therefore investigated the amenability of a large number of such ores to sulfur dioxide leaching.Several sulfur dioxide processes for beneficiating low-grade oxide manganese ores have been proposed. 3/ One of these, based on a patent by Van Arsdale and Maier, 4/ was used recently in a plant constructed to treat 1,000 tons per day of 20-percent manganese ore from the Three Kids deposit near Las Vegas, Nev. 5/ In this process the ore slurry is leached with sulfur dioxide gas, the resulting solution is evaporated to crystallize the manganese sulfate, the crystals are decomposed thermally to produce high-grade manganese oxide and regenerate sulfur dioxide, and the manganese oxide product is nodulized. The Bureau of Mines has recently developed a process 6/ in which a suspension of the ore in calcium dithionate solution is leached with dilute S02 gas, the manganese is recovered from the resulting solution by a simple lime precipitation, and the precipitate is nodulized or sintered to form a high-grade manga¬nese oxide product."

Jun 1, 1947

By S. R. Knowles, R. J. McDonough

"The purpose of this paper is to introduce to the minerals processing marketplace a viable alternative to conventional mechanical agitation and pachuca airlift agitation. What follows is a brief introduction to the Atara Corporation and the fundamentals of how an Atara ""cannon"" mixer operates. The main body of the paper is concerned with the results of a study to evaluate the cannon mixer for a gold cvanide leach application. A brief summary of research and testing for other metallurgical applications is also presented.1. 1 THE COMPANYThe Atara Corporation is a privately owned Canadian company, headquarted in Dorval, Quebec. Its subsidiary, Atara Incorporated, located in Paramus, New Jersey services the municipal wastewater treatment market in the United States. Dorval focuses on industrial mixing applications in Canada and the US. The Atara Corporation provides design, engineering and specifications of agitators for mineral land other) processing applications. Fabrication of mixers is pursued in either Canada or the US, depending on the ultimate destination.Although Atara and its unique static in-tank mixer are relative newcomers to the mining industry, the cannon mixer has demonstrated its value over the past 20 years in municipal wastewater treatment services. In the past four years the Atara unit has been developed for industrial applications; the bulk of the development work has been for metallurgical applications. To-date the cannon mixer has been evaluated for mixing slurries in the following applications: nickel-copper concentrate storage, copper concentrate storage, coal slurry storage, gold cyanide leaching, uranium acid leaching, silver leaching and zinc acid leaching. Atara mixers have been installed with successful performance in full scale tanks containing nickel-copper concentrate slurry (Falconbridge) and gold cyanide leach pulp (Dome"

Jan 1, 1984

By C Delwig

ThyssenKrupp specialises in the manufacture of high-grade steel-sheet products. Its main customers include the automotive, construction, household appliance, energy and packaging industries.At its works in Duisburg, Germany, ThyssenKrupp Steel Europe produces 12 Mt of crude steel annually, making Duisburg one of the world’s largest steel hubs.ThyssenKrupp have installed an online elemental analyser and limestone dosing control System on one of three Sinter strands at Duisburg in an attempt to control the sinter raw mix with better precision. Traditionally, set point changes to the raw mixture were made after sampling and laboratory analysis of the sinter product. The analyser chosen uses prompt gamma neutron activation analysis to determine the elemental content of moving material on a conveyor each minute and was supplied by Thermo Fisher Scientific. The project goal was to control the CaO/SiO2 ratio (basicity) and reduce its variability in the sinter feed.Evaluation of the system has shown that the addition of the online analyser reduces the time lag related to the former method, therefore upset conditions can be reacted more quickly by the control system, and this has resulted in a more stable sintering process. As a result, the sinter feed variability in case of the basicity has been reduced by half. While CaO/SiO2 control was the initial aim of the project, a number of other benefi ts have been realised, such as a reduction in return fi nes and a financial benefi t of 0.11 €/ton of sinter attributed to the reduction of coke breeze and limestone. ThyssenKrupp Steel Europe has identifi ed that additional information available from the analyser could be used to optimise the complete sinter process.The project was carried out with a financial grant of the research program of the ‘Research Fund for Coal and Steel’.

Jul 11, 2011

By Edward L. McHugh

The appraisal of mineral resources of the Challis National Forest, Idaho, by the U.S. Bureau of Mines, was made so that the mineral resources of the forest could be appropriately considered in land use planning. Information from this study is intended to help the U.S. Forest Service to incorporate mineral resource data into forest plans. The study was done in conjunction with the U.S. Geological Survey, which released a companion report on the geology and mineral potential of the Challis National Forest in 1989. Mineral development activity in and under the Challis National Forest has been of great economic significance to Idaho and the United States. Since the 1960's, mines within the forest have produced mineral commodities worth more than $590 million A current (1989) commodity prices. Identified mineral resources have a gross value of about $2 billion at current prices, including 8 strategic or critical minerals. The U.S. Bureau of Mines study identified and described 723 active and inactive mineral properties within the forest. Mineral properties with identified resources were evaluated to determine their economic significance, and an assessment was made of the feasibility of mineral development. Of the 2,516,191 acres in the Challis National Forest, about 390,000 acres were classified as having mining development interest commercially important mineral production, mainly of molybdenum, gold, and silver from the Challis National Forest is likely for the foreseeable future.

Jan 1, 1991

By P. V. Golde, R. A. Poole, G. R. Baiden

"The results being presented in this paper are those obtained during 1996 on a drilling automation project at Stobie mine. This project has successfully demonstrated that the remote operation of multiple drills (by a single driller) from surface using Tamrock Data Solo 1000 Sixty drillrigs is technically feasible and can potentially bring significant rewards in terms of productivity and work environment improvements, as well as labour and maintenance savings. BackgroundThe ObjectiveThis paper is an update of a previous report on remote drilling research at Stobie mine. Enabled by the communications system installed at the mine, the ability to remotely control underground equipment from surface has been demonstrated (Poole et al., 1996). This paper discusses the needs and process required to carry this concept to consolidate the operation of multiple machines under a single operator.The TeamThe team assembled to develop and implement the automation and the communi-cations extensions needed to allow the multiple machines’ operation from the surface by one operator included the following:INCO Mines Research supplied the project management and original project initiative. The primary purpose was to prove the advantages of savings associated with the driller not being required to travel to the underground drill location coupled with the savings associated with one-man, multiple-machine techniques.Tamrock EJC supplied the Data Solo 1000 Sixty drills and the Tamrock specific machine-based custom software. The drills were produced in Finland with no provision for remote operation of the drill from other than the umbilical attached local console.Automated Mining Systems supplied the modifications to the drill communications equipment to allow the machine communications to become broadband compatible. As well, Automated Mining Systems also supplied the hardware necessary to be able to remotely control the portable video camera, as well as the data logging equipment.Stobie Mine personnel were made available to test the function and then integrate the concept of remote control drilling into the Stobie operations."

Jan 1, 1997

The 29th annual American Mining Hall of Fame Awards Banquet and Fundraiser sponsored by the Mining Foundation of the Southwest (MFSW) will be held at the JW Marriott Star Pass Resort, Tucson, AZ on Saturday, Dec. 3, 2011. Each year, one living inductee, two recipients of Medals of Merit, and up to five honorees from mining history are chosen by the MFSW for their outstanding contributions to the mining industry. Chilean Minister of Public Works and former Minister of Mining, Laurence Golborne Riveros will be the guest of honor, featured speaker and inductee into the American Mining Hall of Fame. Golborne Riveros was instrumental in managing the rescue of the 33 Chilean miners in October 2010 and in the coordination/management of the ?townsite? for family members, rescue support and the media. His engineering background and executive management skills made him ideally suited to assist in both a technical and managerial role in this emergency.

Jan 1, 2011

By Kristen R. Bingham

"Today, more than ever, drilling and blasting contractors are challenged to manage the ever-changing risks associated with blasting operations. New neighborhoods are encroaching upon mine sites and blasting projects are confronted with increasing scrutiny by permit issuing authorities and nearby residents disgruntled by new construction. The act of transporting explosives material to and from thejobsite is far from easy and trouble-free. At the same time, the pressure to stay in compliance with the growing number of government regulations continues to mount. While new tools and technology are appearing in the workplace to address some of these challenges, losses still occur. Can the datagenerated by this technology help drilling and blasting contractors make better decisions? While basic risk management principles are still applicable, do new tools and technology assist in the effort to prevent losses? What are the downsides? In this age of new technology, is face-to-face interaction still necessary? While technology is certainly a useful component in the drilling and blasting world, can it be helpful in defending claims?"

Jan 1, 2017

By J. Baz-Dresch

A custom-designed shotcrete system, consisting of an 8-m3 (10-cu-yd) transit mixer and a shotcrete spray boon carrier, is used by a two-man crew to transport and place up to 25 m3 (32 cu-yd) of steel fiber reinforced, dry, silica fume shotcrete per 11-hour shift. Shotcrete is custom blended by a local supplier and delivered predampened. Mix design and quality control are performed with a computer program that develops and graphs a properly balanced mix based upon the materials sieve analyses.

Jan 1, 1992

By John G. McLain

OF all the zinc that the world consumed in 1936-'38 the United States took about 31 per cent, and almost 14 per cent of the world's zinc supply in that period was used for galvanizing purposes in the United States. Further examination of the statistics shows that about 71/2 per cent (147,500 tons in 1939) of the world zinc consumption goes into the galvanizing of sheets in the United States, which is what I am going to talk about in this paper. There is nothing especially new about galvanizing; in every year since 1921 somewhere between 41 and 49 per cent of the country's zinc consumption has been used for this purpose, and yet few people not specialists in its manufacture know much about how it is made. You take an iron or steel sheet and dip it in molten zinc and there you have a galvanized sheet-that about epitomizes popular knowledge of the subject even among engineers.

Jan 1, 1941

By Oliver Hall

This paper sketches the mining at Noranda as it would be sketched to a visiting engineer. It does not follow quite the usual form, but is presented somewhat along the lines of a conversation. TO give the mining at Noranda its proper perspective, it is necessary to sketch the whole picture and outline: 1. History 2. Metallurgical Problems 3. Exploration 4. Mining Methods 5. Mining Details 6. Filling 7. Pillar Extraction 8. Costs HISTORY Noranda is a relatively young enterprise, with much of the personal character of its founders woven into it. The name Noranda is an abbreviation of Northern Canada and the name has been a happy one for an enterprise based on northern resources, tenacity and courage. The discovery credit goes to Ed. H. Horne. This intrepid prospector returned again and again to his sulphide discoveries on the shores of Osisko lake and, in 1922, after ten years of prospecting, succeeded in interesting S. C. Thomson and H. W. Chadbourne in his discoveries. The early exploration by L. K. Fletcher, from 1922 to 1925, for Thomson and Chadbourne, indicated promising, but somewhat perplexing, ore conditions. Mr. E. Hibbert and Mr. H. L. Roscoe rook on the task of preparing the mine for production and building a smelter in 1926, and this difficult task in this isolated area made steady progress and the smelter was blown-in in December, 1927.

Jan 1, 1937

By Theodore L. Turner, Joseph H. Swift

A study on a small laboratory scale was made of the use of ammoniacalammonium carbonate for batch leaching Mn from low- grade manganiferous materials ( 6 to 16 pct Mn) obtained from deposits in the southern district of Aroostook County , Maine . These materials were partially reduced at 500 ° to 700 ° C with H₂ or CO and then leached with solutions of NH and CO₂ dissolved in water . Extraction of 80 to 90 pct of the Mn was obtained from some sample materials , but 10 to 34 pct of the iron was also extracted . Material from the Littleton Ridge deposit contained manganese intimately associated with Fe , a condition which contributed to difficulties in obtaining a commercially acceptable product . Extensive investigations of the leach and reduction processes with various mixtures of H₂ and water vapor , and CO and CO₂ , failed to disclose a set of conditions for selectively leaching the manganese . Finely divided metallic Fe was probably produced during the reduction steps so that Fe was leached with the Mn in the subsequent extractions .

Jan 1, 1964

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