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By G J. A Dewar

The Australian Corporations Law generally requires Independent Expert Reports to be presented in support of capital raising or in defence of mergers and takeovers. The introduction of the VALMIN Code in 1995 (and its recent revision issued as the VALMIN Code, 1998) made Assessment and Valuation Reports in these circumstances much more comprehensible than before because of its key requirements for transparency and materiality. By forcing the Independent Valuer to provide an explanation of the reasoning behind the estimation of a particular resource asset, VALMIN allows the reader to clearly see any error or illogicality in the valuation methodology used and to seriously question or even reject the resulting value. Even though many elements of resource asset valuation practice are undeniably subjective, there must be some basis of objective rationality to it. Independent resource asset Valuers are the essential link between mineral explorers/miners on the one hand and brokers/analysts/fund managers/investors on the other. The minerals and financial industries both expect them to not use inappropriate or invalid valuation methods and illogical steps within these methods. This paper examines some of the less sensible ways in which some of the main techniques that Valuers commonly use to assess the fair market value of mineral properties have been applied in recent instances. The authors hope to discourage the adoption or perpetration of the æWhat-number-did-you-have-in-mind?' approach. It is MINVALÆs view that as many methods as possible should be used in any resource asset valuation. If any of the resulting estimates are in approximate agreement (particularly if they were derived using the less subjective of the available methods), ie if they cluster, they are probably more persuasive as being the Preferred Value of the asset than outlier values within the Valuation Range.

Jan 1, 1999

1.1 DEVELOPMENT OF INDUCTANCE MATRICES The basic building block in this analytical work is the development of an equivalent circuit. The equivalent circuit for the cable depends on all of the distributed parameters of the cable although the series inductance and resistance are of primary importance. The cable resistances are generally available from handbooks or from cable manufacturers. On the other hand, the cable inductances are not usually available either from handbooks or from the manufacturer's published data. Thus, it is useful to summarize the derivation of the origin of the inductance matrix from basic principles. 1.1.1 Flux Around a Cylindrical Conductor The flux pattern around a cylindrical current carrying conductor can be found by using symmetry in conjunction with Ampere's Law. From symmetry it is clear that the flux lines which always close on themselves must be concentric circles. Thus, from symmetry alone one can get a qualitative picture of the magnetic field. This is shown in Fig. 1.1 where the inner circle represents the solid round conductor and the outer circle represents a flux line. The quantitative picture will now be developed using Ampere's Law.

Jan 1, 1973

By William C. Hood

A leaching column technique that produces effluent similar in quality to coal mine drainage in the Eastern Interior Basin has been developed. The columns are charged with 1000 grams of crushed overburden and cycled through the leaching process once a week for twelve weeks. Inter-relationships among the important chemical constituents are very similar to those present in actual mine drainage waters, but the overall concentrations of ion are more dilute in the leachates. Multiplying the leachate concentrations by a factor of 4.5 gives values similar to mine waters. Available data suggests that each of the leaching cycles represents about three years of natural weathering, so that the leaching technique can predict the evolution of the mire drainage water over a time span of nearly 40 years. Use of the leaching technique with drill core samples should provide a method of approximating mine drainage quality in advance of mining and should be quite useful in identifying potentially toxic units in the overburden. However, the results should he considered to be a 'worst case' situation because the technique' does not consider the effects of reclamation.

Jan 1, 1984

By G. D. Schena, M Zanin

A numerical approach is presented for predicting the liberation of phases during comminution, with direct calculation of a liberation spectrum giving the fraction of the particulate system in each narrow size-composition class. The numerical model uses a Poisson flat process for stochastic generation of the non-convex three-dimensional Poisson polyhedral textures and the system of fractures that give rise to convex fragments. With this numerical approach, there is no need to assume random uniform isotopic fracture (lack of selective liberation); only computational geometry primitives are exploited for the derivation. The agreement with relationships obtained previously under the random uniform isotopic fracture hypothesis demonstrates that the approach is capable of deriving full liberation spectra directly. Both volumetric and superficial composition can be calculated

Jun 21, 1905

By Kenneth K. Humphreys, Joseph W. Leonard, Robert L. Llewellyn, William C. McCulloch

INTRODUCTION The particular field of application of machines utilizing air currents as the primary separating medium is in the cleaning of the fine sizes of bituminous coal. Approximately 25,400,000 tons of bituminous coal were cleaned by air machines during 1965. They have not found any application for cleaning anthracite. Since the development and introduction of the first successful commercial pneumatic oscillating machine for cleaning bituminous coal in 19 16, by the Sutton, Steele and Steele Co, Dallas, Texas, and the American Coal Cleaning Corporation, formerly of Welch, W. Va., seven other successful pneumatic coal-cleaning machines have been developed and introduced to the American coal-mining industry: 1. Peale Davis: "Pneumo-Gravity" machine. 2. Arms "Concentrator," oscillating table. 3. Hey1 and Patterson oscillating table. 4. "Stump Air-Flow," pulsating air jig. 5. "Super Airflow," pulsating air jig. 6. Ridge air jig. 7. Phillip air jig. While not all coals can be beneficiated by air washing, the air washing of coals that are easy to clean can be readily proved advantageous. Of all the preparation methods, pneumatic cleaning is the most acceptable from the standpoint of delivered Btu cost. This is based on the premise that a percent of moisture is just as detrimental as a percent of ash. The principle of dry concentration has never been determined with scientific accuracy. To the present time the study has been more of an art than a science. It is possible to forecast the results of wet concentration from a study of the washability characteristics of the raw coal but only after applying rule-of-thumb methods of interpretation to the specific gravity and size distribution can it be ascertained that the raw coal is amenable to dry concentration. Air as a separating medium dates back to biblical times as exemplified in the winnowing of chaff from the grain. However, the same application of air to coal serves merely to blow the dust away and size the remaining particles. Pulsating air was the solution to the problem and largely eliminated the necessity for close screen sizing which was required on early separators. Because of the low density of air, a medium of sufficient density has to be built with the material itself. Hence there must be some device to impart to the bed the necessary mobility for proper classification. Also, the

Jan 1, 1968

By Theodore R. Jolley

The estimated recoverable reserves in the area in the vicinity of Eska 2 mine are, 699,300 tons in the Chapin and Emery bas of the Maitland group. Those recoverable reserves are in the area between the Eska fault zone and Jonesville fault and extend down dip from the outcrops. No reserves were developed by the Eska 2 entry or by drill hole 14-16 in the Eska fault zone. The small quantity of reserves in the vicinity of the Eska 2 mine is insufficient to justify development of a now, modern .nine in this area. The estimated recoverable reserves in the area east of aka Creek are 974,500 tons in the Eska, Shaw, and Martin beds of the Eska group. Most of those reserves occur in the south limb of the syncline. It will be necessary to practice subjacent mining methods to recover these reserves in the Eska group. The Eska bed developed by the diamond drilling in this area comprises coal end few thin partings. The Shaw and Martin beds comprise two bunches of coal separated by partings, and the product from full-bed mining will require thorough preparation.

Jan 1, 1952

By H. C. Li

Mechanical models are established in accordance with the degree of mining on both sides of the coal pillar, and formulae were derived which calculated the superposition stress distribution and the width of the plastic region. The stability of the coal pillar was analysed and a reasonable size of coal pillar determined, in accordance with the elastic region rate. Further practical examples for the stability of the coal pillar are calculated and simulated.

Jan 1, 1992

By J. R. Cobble

The Federal Bureau of Mines conducted static tests at 2,500° F on 39 refractory compositions, and dynamic tests at [2,825°35° F] on 31 commercial refractory brick specimens to determine their resistance to corrosion and erosion by a slag similar in composition to that used in producing insulating mineral wool. The static tests showed fireclay, low-alumina compositions (<70 percent A1203), zircon, zirconia, SiC, and clay-bonded graphite refractories to be unsuitable. Dynamic test results indicated that magnesia and chromia compositions were superior to high-alumina compositions (=70 percent A1203) as a furnace lining for melting mineral wool. Data from these tests indicated that magnesia and chromia compositions with low RO/R203 mole ratios were more resis tant to attack by mineral wool slags than ones with high RO/R203 mole ratios.

Jan 1, 1975

By R. J. Traube

The purpose of the Inherently Safe Mining System (ISMS) project is to develop continuous and conventional coal mining equipment and systems which will reduce the incidence of fatal and nonfatal accidents in the working sections of underground bituminous coal mines by application of existing technology. This 3-year program, initiated on 18 June 1971, is being conducted in three phases: ? PHASE I (8 months) Systems Analysis Concept Design Planning ? PHASE 11 (16 months) Design Procurement Manufacture Preliminary Testing ? PHASE III (12 months) Underground Coal Production Demonstration.

Jan 1, 1972

By R. A. Cummings

Certain roof shales in coal mines deteriorate upon exposure to the atmosphere, causing difficulties in the mining operations and adding to the cost. This report presents the results of both field investigations, in a West Virginia mine, and laboratory studies on the effects of atmospheric moisture on roof shales. Based on these observations, a conceptual procedure is presented on how shale deterioration might be predicted during exploration, and guidelines are given as to how air tempering or conditioning chambers may be designed to reduce moisture effects. Recommendations for further studies are included. An annotated bibliography of the literature constitutes the second volume.

Jan 1, 1981

By John C. Machisak

The Nation&apos;s mining and quarrying industries have again met the annual challenge to their ingenuity--that of reducing disabling work injuries among their employees. The effectiveness of management in facing this problem and in meeting this responsibility is evident from the results of the 1961 National Safety Competition. Three hundred ninety-three or 45.3 percent of the mines and quarries participating in the competition established a new record number of participants operating throughout the competition year without a disabling work injury. Another record established in the 1961 contest was the number of participants (868) enrolled in the competition. This annual safety competition was begun in 1925 and is conducted by the Bureau of Mines, U.S. Department of the Interior. It provides for six bronze Sentinels of safety trophies which are awarded each year to the winning participant in each group. Since its inception, the competition has exerted a strong influence in the field of safety promotion. The statistical record of its accomplishments over the years gives strong support to the theory that well-organized and well- administered safety programs are effective tools to be used to reduce the number of disabling work injuries. It stimulates and holds the interest of employees and management in accident prevention. Because of this, mines and quarries participating in the contest have a more favorable safety record than those operations not enrolled.

Jan 1, 1963

By Josh Willhite, Seth Pollak, Ben Seling

The Long Baseline Neutrino Facility Far Site at the Sanford Underground Research Facility in Lead, South Dakota will house four large detector tanks located in deep underground caverns. Construction of the supporting infrastructure required for this project is no complete including installation of a waste rock conveyance system and drill and blast excavation of several supporting drifts and chambers. This paper will discuss the design and construction of these pre-excavation and early works elements, and the overall project schedule as it closes in on commencement of cavern excavation activities.

Jun 13, 2021

By George H. Johnson

This report describes the procedures and summarizes the results of an investigation of surface subsidence above caving blocks at the San Manuel mine, San Manuel, Ariz., in order to obtain quantitative information on subsidence and ground movement caused by mining large volumes of ore. This investigation is one part of an overall study of rock mechanics being undertaken by the Bureau of Mines. Attention was given to the improvement of a rapid and precise method of surveying a large number of subsidence pins and cracks in the surface terrain. Photogrammetric methods were used as an adjunct to the triangulation subsidence surveying as well as in ordinary topographic work Maps of various kinds were prepared to show the results obtained. The computation of the survey notes was programed for an electronic digital computer at a saving of time and expense over the use of a desk calculator and trigonometric tables.

Jan 1, 1963

By E. G. Davis

The Bureau of Mines investigated gaseous direct reduction of low-grade iron ore concentrates in a continuous fluid-bed reactor. These studies were made in a 4-inch diameter fluid-bed reactor using hydrogen alone, and oxygen-or air-reformed natural gas as the reductants. The percent reduction is directly dependent on the mole ratio of hydrogen in the reducing gas to the oxygen associated with the iron oxide in the ore. Two-and three-stage fluid bed tests were simulated by repeated continuous tests. The results showed that percent reduction of the final product was dependent on the mole ratio of the quantity of hydrogen in the gas of each stage to oxygen in the iron oxide of the initial ore feed. Reduction as high as 87 percent in the single stages and as high as 94 percent in the multistages was obtained when either hydrogen or reformed natural gas was used as the reducing gas. Magnetic separation and concentration of the highly reduced fluid-bed product yielded a high metallic iron concentrate analyzing 85 percent total iron and 80 percent metallic iron with total iron recovery as great as 90 percent. Agglomeration of the high-grade metallized concentrate produced hard pellets analyzing 85 percent total iron and 78 percent metallic iron. Green pellets, with good strength, were made without any binder in a drum pelletizer. Direct melting of the high-metallic fluid-bed product in a basic lined arc furnace produced a nearly pure iron which contained 0.09 C and 0.01 P with 95 percent recovery of the metallic iron in the metal.

Jan 1, 1972

By E. Galán

The largest Spanish kaolin deposits formed on granites occur in Galicia (NW Spain) due to a widespread kaolinization of Variscan granitoids. This paper provides insight of the origin of this kaolinization process on the basis of a mineralogical and geochemical study carried out in two kaolin deposits, presently mined to be used in the paper industry. Mineral composition of the deeply kaolinized rocks is dominated by well-ordered kaolinite with minor quartz, K-feldspar, mica (illite/muscovite), locally gibbsite, and traces of resistant accessory phases (rutile, ilmenite, zircon and monazite). The content and structural order of the kaolinite decrease with depth. Kaolinite formed by extensive replacement of feldspars (plagioclase). Differential mobilization of major and trace elements during kaolinization has been inferred by using a mass-balance approach. Significant amounts of Na, Ca and minor Mn, Sr, P and U were removed from incipiently leachable minerals (plagioclase and apatite), and K, Rb, Cs and Ba were released from K-feldspar and mica. On the contrary, Ti, Zr, Th, Hf and the REE are retained in the resistant trace minerals that are concentrated in the fine fractions of the kaolins.

Jan 1, 2010

By Edmund J. Cardoza

The paper describes the design, construction and quality control aspects of the installation of a cement-bentonite (CB) cut off wall to impede seepage through a flood control dike. Special emphasis is placed upon the development of a proper specification, distinguishing the CB method from the Soil-Bentonite technique. The importance of the pre-construction laboratory testing program and field quality control procedures is emphasized by the fact that the in-place properties and characteristics of the CB cut off may not be known until after a majority of the work is complete. Sections are included which describe the construction method, the specialty equipment and personnel requirements and the quality control/quality assurance aspects of the project.

Jan 1, 1992

By B. W. Gandrud

This report, consisting mostly of float-and-sink data and washability curves, has been prepared in connection with an exhaustive study of coal preparation in Alabama conducted, by the U, S. Bureau of Mines and the University of Alabama with the cooperation of the different coal operators On the basis of the float-and-sink data, an attempt has been made to determine approximately the extent of ash and sulphur reduction obtainable under given conditions on coal from the mines which were sampled, In the coal-producing districts of Alabama a great deaf of attention has been given in recent years to the problem of improving preparation methods so as to obtain from various coal beds the best possible grade of washed coal. This is especially so where the washed coal is used for the making of metallurgical coke in by-product plants or where there are possibilities of using the coal for this purpose. In the manufacture of metallurgical coke, the sulphur content of the coal is a very important consideration. It is quite often the determining factor as to whether or not a certain coal can be used for coke making. In the studies which form the basis for this report, all samples have been analyzed for sulphur in order to obtain information regarding the possibilities of sulphur elimination as well as ash reduction, and the samples on which reports are made were obtained from beds that are characterized by rather high percentages of sulphur. In connection with the present investigations of coal preparation in Alabama a standardized method of interpreting float-and-sink data has been used extensively for predicting the ash and sulphur reduction and yields obtainable in a commercial washing plant from various sizes of raw coal and from the raw coal as a whole after a certain degree of crushing. This method, which will be explained in subsequent chapters, was used in interpreting the data contained in this report. The samples used for these washability studies were obtained from the following mines in the Warrior field of Alabama: Beltona mine on the Jefferson bed; Dolomite and Mulga mines on the Pratt bed; Coal Valley No. 163 and Coal Valley No. 11 mines on the Corona bed; Cedar Cove mine on the Carter bed.

Jan 1, 1932

By B. W. Candrud

This report, consisting mostly of float-and-sink data and washability curves, has been prepared in connection with an exhaustive study of coal preparation in Alabama conducted by the U. S. Bureau of Mines and the University of Alabama with the cooperation of the different coal operators on the basis of the float-and-sink data, an attempt has been made to deter-mine approximately the extent of ash and sulphur reduction obtainable under given conditions on coal from the mines which were sampled. In the coal-producing districts of Alabama a great deal of attention has been given in recent years to the problem of improving preparation methods so as to obtain from various coal beds the best possible grade of washed coal. This is especially so where the washed coal is used for the making of metallurgical coke in by-product plants or where there are possibilities of using the coal for this purpose. In the manufacture of metallurgical coke, the sulphur content of the coal is a very important consideration. It is quite often the determining factor as to whether or not a certain coal can be used for coke making. In the studies which form the basis for this report, all samples have been analyzed for sulphur in order to obtain information regarding the possibilities of sulphur elimination as well as ash reduction, and the samples on which reports are made were obtained from beds that are characterized by rather high percentages of sulphur. In connection with the present investigations of coal preparation in Alabama a standardized method of interpreting float-and-sink data has been used extensively for predicting the ash and sulphur reduction and yields obtainable in a commercial washing plant from various sizes of raw coal and from the raw coal as a whole after a certain degree of crushing. This method, which will be explained in subsequent chapters, was used in interpreting the data contained in this report. The samples used for these washability studies were obtained from the following mines in the Warrior field of Alabama: Beltona mine on the Jefferson bed; Dolomite and Mulga mines on the Pratt bed; Coal Valley No. 16B and Coal Valley No. 11 mines on the Corona bed; Cedar Cove mine on the Carter bed.

Jan 1, 1932

By W. G. Park

Long-range projection of demand for domestic crude oil indicates a continued upward movement and accentuates the need for increasing the recovery from known crude-oil resources to supplement expected future discoveries. Consequently, the industry and Government have given special attention to the viscous or heavy-oil deposits because they offer the distinct possibility of large order increases in ultimate recovery. This report presents data pertaining to 150 heavy-oil reservoirs in Arkansas including oil characteristics of samples from 38 of these reservoirs. To January 1, 1967, about 600 million bbl of heavy oil has been recovered from the 150 reservoirs in 63 oilfields; however, about 4.5 billion bbl, or 88 pct, of oil remained in the ground. Of prime importance is that much of this heavy-oil resource is in reservoirs having characteristics considered favorable for thermal-recovery operations. Data for the thermal projects initiated [thus Ear are presented in individual field discussions. Also discussed is the t crude oil supply-demand situation in the State.

Jan 1, 1969

By J. P. McGee

The Bureau of Mines is doing research and development work on a coal-fired gas turbine plant initially developed by the Locomotive Development Committee, (LDC) of Bituminous Coal Research, Inc. The Bureau is redesigning the turbine blading and some of the auxiliary equipment, and is reerecting, the plant at the Morgantown (W. Va.) Coal Research Center. The present goal is a 1,500-hour run at virtually the same operating conditions used by the LDC in their final 1,100-hour test with the turbine. This will allow the Bureau to properly evaluate the new blade design. Erosion of the turbine blades (particularly the roots) by ash in the hot gases from the combustion of coal was the most serious problem in extended operation in earlier experimental work. New blades made of Stellite6 are being fabricated for the stator and rotor, and armored wear strips of titanium carbide will be inserted in the blades at the areas of probable maximum ash velocity and concentration. The trailing edges of the rotor and stator blades are being thickened and thinned, respectively, to induce the ash to travel to the casing and prevent it from returning to the base of the rotor blades. The first stage rotor and second stage stator blades are being removed to provide an annular space for maximum quantities of coal ash to centrifuge to the casing. Additional blades will be added to most of the rows in the stator to stop secondary flow of dust-laden gas toward the rotor. A contract has been awarded for fabrication of the new blades. The 1,500-hour run will be started as soon as the new blades are installed.

Jan 1, 1962