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By Daniel K. Dysinger

Capital resource budgeting is the way managers of publicly held companies fulfill their fiduciary responsibility to maximize the wealth of stockholders. Managers maximize shareholder wealth by allocating investment capital to the most productive of competing alternative projects. Managers do this in a manner that maximizes the net present value of the firm's future cash flow. The techniques of cash flow analysis are the primary tools available for selecting a corporate portfolio of projects that meets or exceeds the rate of return expected by shareholders. The reliability of cash flow analysis hinges on the ability of managers to forecast the future values of individual components of cash flow. The accuracy and reliabil¬ity of forecasting determine the soundness of capital investment decisions and, ultimately, determine the value of the firm.

Jan 1, 1997

By Victor F. Hollister

This report summarizes data available on the Fort Knox gold deposit to the end of 1989. It is presented courtesy of Fairbanks Gold, operator of the Fort Knox mine. The ore body and the data base are being expanded in 1990, but this summary is pertinent for inclusion in a case history volume that, in part, stresses porphyry-type deposits. Fort Knox is a pluton-hosted gold deposit 22.5 km (14 miles) northeast of Fairbanks, AK. It is easily accessible from Fairbanks, and ultimately it will be the largest open pit gold mine in Alaska. The Fort Knox pluton has an interesting historical record, and it has been discovered at least twice. Fig. 1 shows the geology and location of major plutons in the Fairbanks mining district.

Jan 1, 1991

By J. Jay Jacobsen

A dynamic regional coal development model is constructed for the Eastern Powder River Basin of Wyoming. Using this model, alternative development schedules from a recent environmental impact statement submitted to the Department of the Interior are simulated (Ref. 1). These alternatives include different mixes of export capacity, different coal conversion techniques within the region, as well as various levels of coal production. Exportation of 70 to 80 percent of an ultimate coal production of 180 million tons (163.3 x l09 kg) per year and the careful phasing of additional public services with population growth effectively reduce the social and environmental impacts of coal development. The alternative involving the addition of 43,000 megawatts of electrical generation capacity has very significant adverse social and environmental impacts on the region.

Jan 1, 1977

By Andres M. Liebenthal, Jan M. Mutmansky

This paper is concerned with the layout of a conveyor and beneficiation plant system involving several mines and a single point of delivery. The objective of the procedure is to locate the conveyor lines and beneficiation plants in an optimal manner considering the economics of scale inherent in both the transportation and beneficiation processes. Upon completion of the mining plan, the layout of the conveyor network is achieved through the principle of Steiner minimal trees. The optimal number and location of beneficiation plants for this layout are then determined using a sequential economic analysis based upon the flow of material from the individual sources to the ultimate destination. The practical aspects of the method and the advantages and disadvantages of its use are discussed to link the model to a practical problem.

Jan 1, 1976

By R. C. Urquhart

Since the first use of the electric arc furnace Henri Moissan (1892) and its use by Paul Hérholdt (1902) to melt steel, it has been successfully used as a pyrometallurgical smelting tool in the production of calcium carbide, iron, ferrous and non-ferrous alloys. Commercial forms of the electric arc furnace have evolved from round, single-phase single electrode units to rectangular three electrode three-phase units to round three electrode three phase units and ultimately to rectangular six electrode three-phase units. DC electrical supply has also been used to replace the three phase power supplies in some cases. This paper examines how these electric arc smelting furnaces have evolved in size, efficiency and configuration within the constraints of the smelting process, electrodes and electrical power supply equipment.

Jan 1, 2014

By Quayle J. E

This paper covers period from 1973 through to 1988 and the mines of West Coast Mines, Elur Mine, North Mine and Risdon Zinc Smelter, now all part of the Pasminco Group. During this period, optimisation started with one mine (West Coast Mines) producing four Product concentrates with constant steady feed to the smelter and progressed to three mines producing eight products and a smelter varying feed inputs to maximise benefits. The initial optimisation was done manually using a desk top calculator and hand drawn graphs. This ultimately advanced to the use of PC plus linear programming software and spreadsheet generating relevant graphics. The financial benefits were achieved with no capital expenditure and increased from an initial $0.5 to $1.0 M/year (1973 $'s) to $5 to $10 M/year (1988 $'s).

Jan 1, 1991

By Marc Lemieux

A new moving cone optimizing technique will be introduced. In order to facilitate under- standing of the moving cone optimizer, a re- view of the principles of moving cone design technique is presented. A concept called the negative moving cone design technique is also introduced to help facilitate understanding of the moving cone optimizing algorithm. In the introduction to Subsection 3.3, the relationship of the mineral inventory modeling technique to the ultimate pit design optimization methods was reviewed. Five modeling techniques were described, and four mathematically provable optimizing methods discussed. The broad use of the regular 3D fixed block model was attributed, in part, to its applicability to automatic optimization methods of pit limit design such as the Lerchs-Grossman graph theory algorithm, and in part, to its systematic nature.

Jan 1, 1979

By N. J. Keys, B. Barlin

Operating properties of Bancroft Mines Ltd. are in the Western Province of Northern Rhodesia, just south of the Katanga border and at the north- western end of the Rhodesian Copperbelt. The concentrator, above, was commissioned in January 1957 to treat 150,000 tons per month of ore derived from the nearby Kirila Bomwe South orebody, and the Konkola orebody eight miles away. The Konkola orebody is comparatively low grade and mining was discontinued there in early 1958. Development work on the new mine at the Kirila Bomwe North orebody commenced in 1959. Today, the plant treats approximately 150,000 tons of ore per month from the Kirila Bomwe South orebody and development ore from the north orebody. Ultimately, 100,000 tons of ore per month will be produced from the north orebody.

Jan 9, 1963

By Steven W. Hunt, Steven B. Fradkin, Roger J. Maurer

During the 1980s and 1990s, twenty deep shafts were constructed in Milwaukee to depths from 85 to 91 m (280 to 300 feet) through soil and weak rock thicknesses ranging from 37 to 69 m (122 to 227 ft). Adjacent compressible soils, settlement sensitive structures and high groundwater levels required that shafts be constructed without dewatering. Contractors attempted several methods of ground support and groundwater cutoff. Significant problems developed during construction of 11 of the 20shafts. One shaft collapsed; groundwater blow-ins occurred at five of the shafts; and seepage caused unfrozen windows at three of the freezewalls. Ultimately, combinations of grouting and ground freezing were utilized to complete all of the shafts into bedrock. This paper discusses the main design and construction challenges experienced and the lessons learned.

Jan 1, 2003

By A Tomsett, J Rutter

Ore control systems at Ridgeway have been designed to deliver gold and copper metal production through focussing on the ore characteristics that impact on mine and mill performance and ultimately metal delivery. This is achieved using data collection and management systems which allow data to be collected digitally with æat captureÆ validation routines. This data forms the basis of forecasting systems which aim to accurately assess local in situ and drawn ore characteristics. Physical attributes of ore such as draw characteristics, brow conditions and visual grade estimation are rountinely recorded. Ore tracking and accounting systems monitor gold and copper grade, copper mineralogy, host lithology and ore sizing. These have material impacts on concentrator throughput and metal recovery. Routine reconcilation and check sampling allow calibration of these systems.

Jan 1, 2002

The application of methods using large diameter down holes has become an important facet in both the development and stoping operations of mines within the Aberfoyle group. Holes of up to 98 metres (vertical) and 78 metres (inclined) have been successfully used in stoping operations. A number of rises have been developed to meet ventilation, servicing and escape-way requirements. The most ambitious rise to date has been a..vertical 93 metre long by 4.50 metre square ventilation rise. Although some early problems were experienced, the ultimate successful completion of this rise has enabled the technique to be incorporated with confidence in future mining plans. This paper summarises experience in long hole rising techniques, their evolution from the original cratering concepts, and the approach to further development of these techniques.

Jan 1, 1982

By Stone AM, Romensky G

The requirement for economic operation of unit trains carrying bulk materials has dictated that rapid and accurate bulk loading methods be provided. The train loading station at Phosphate Hill, built for Queensland Phosphate Ltd. to load rock phosphate, provides this facility and whilst the concept used is not unique, it contains a number of novel features that are considered to advance the "state of the art'' in this field. This paper briefly reviews some alternative concepts evaluated, and describes the design and operation of the scheme ultimately selected as being most appropriate to the project requirements. it is one which utilises a variable speed belt feeder whose speed is controlled in proportion to the weight rate of material moving on the belt as measured against a set point

Jan 1, 1978

By Michael Perlow

Helical screw piles in use since 1838 are routinely used for energy, transportation, municipal, industrial, marine and coastal infrastructure as well as for excavation support, environmental remediation, and foundation repair. They are especially well suited for work in constrained areas, renovations and structure retrofits. Helical pile design procedures over the past 10 years have gone through a remarkable evolution with the establishment of the 2007 AC358 Helical Pile Acceptance Criteria and inclusion of helical screw piles in the 2009 International Building Code (IBC). New 2009 IBC building code requirements and AC358 Acceptance Criteria are presented along with advances in helical pile design procedures, installation, QA/QC, and recommended load test verification criteria. Use of helical smart piles to validate helical pile design and verification of ultimate pile capacity is highlighted.

Jan 1, 2011

By Todd Nottingham

Channel deepening of major ports is challenging designers to explore innovative solutions to ensure stability of bulkheads, such as for the Oakland Inner Harbor. This particular challenge was met with the use of the SPIN FIN® Tension Pile for restraint of an HZ combination wall along the Oakland Inner Harbor Shoreline in Oakland, California. A SPIN FIN pile is a pipe pile with welded plates at the pile tip that increase pile capacity. A brief history of the project will be provided as well as results of pile load tension tests, pile strain gauge, and wall deflection under construction loads. Tension pile load deflection results will be discussed with recommendations toward establishing deflection-based ultimate load criteria. A discussion of predicted wall loads and field observed wall loads will be provided.

Jan 1, 2008

By J. P. Conway

The yielding-rock-bolt concept, as developed in South Africa, consists of a smooth-bore die or collar fitted to a standard rock bolt. Laboratory testing at the Bureau of Mines Spokane Mining Research Center under slow and fast strain rates showed that extrusion loads can be controlled by varying the configuration of the die bore and that theoretical analysis (using basically Sachs' theory of wire drawing) predicts extrusion loads of the different die-bore configurations. A derived equation, based on this research, can be used for designed die-thread combinations for any desired extrusion load. Dynamic loading resulted in slightly higher loads (15 percent) than static loading. The strain hardening effect, which increases yield and ultimate strength, was partly offset by adiabatic heating of the threads, which decreases strength.

Jan 1, 1975

By James S. Redpath

"AbstractThis paper is an attempt. to outline the present status of underground mining contracting in Canada, and to present certain facts concerning the writing and administration of underground mining contracts which, hopefully, may be useful to those intending to engage a mining contractor . The paper is based on the author' s experience as a contractor and also as a consulting engineer advising others in the purchase of contractors' services.HistoryIN THE early days of mining contracting in Canada, the contractor was primarily a labour contractor. He was expected to bring a good crew of men that normally followed him, and to perform certain work under his own direct supervision. The owner usually looked after all other details including financing, payrolls, withholding taxes, etc , computing and paying the contractor his profit. In the pre-World-War II years, most work was done on this basis.Over the years, the contractor was called on to supply more in the way of services, and the present-day situation evolved.Labour contracts are still used, but now the contractor is expected to carry out his own administration. Most contracts now call for the supply of special tooling required to do the work. In most cases, some, if not all, supplies are the contractor 's responsibility and , in a growing number of cases, the contractor is responsible for such items as design and surveying. The ultimate in this direction is the execution of projects on a turnkey basis. Under this system , the contractor carries the project to a stage where it is turned over fully operational to the owner."

Jan 1, 1977

By E. H. Mulligan

THE ERRINGTON B-I mine is located on the Errington orebody of Steep Rock Iron Mines, Limited, at Steep Rock Lake, Ontario. In 1946, this orebody entered the shipping lists of the Lake Superior iron ranges as an open-pit operation. During the period 1946 through 1953, the mine produced a total of 9,000,000 tons of iron ?ore. In 1950, as the mine approached the economic limits for open-pit operations, ground was broken for an underground development to exploit the deposit at depth. The mine is designed for an ultimate production of 1,500,000 tons per year by the block-caving system of mining. The initial shaft is 1,200 feet deep and will produce or-e from the 700 and the 900 levels. The 1,100 level will be used as a drainage level and as a haulageway for waste rock, which is hoisted to surface by skip. Ore from the two production levels moves by a system of ?ore passes to a crushing plant located below the 900 horizon and is hoisted from this point to surface by conveyor belt. At the present time, all material handling on the levels is by tramming, but as tram distances increase conveyor haulage will probably be installed. The initial stage of the Errington B-1 development is expected to produce 6,000,000 tons of ore over a period of four years. The second stage will require deepening of the shaft and development of lowe1? production levels. The conveyor hoisting plant will be extended to serve these new levels. We visualize the mining of this orebcdy down to 2,500 feet by these methods.

Jan 1, 1956

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 Lee A. Goetz

Cost control is a lot like motherhood - everyone proclaims its need and its worthiness, but is it really appreciated and used to successfully complete a project on time and within budget? Good Cost Control is a yardstick - requiring fixed definition but this does not mean rigidity for the project. It provides the means for telling: 1. Where you are going 2. When you will complete and 3. What it will finally cost. Cost Control does not fix the price of dreams nor the cost of projects loosely defined. It does not control costs in itself but provides the tools whereby engineering decisions can be made which will ultimately affect the project cost It does not even guarantee that a project will be completed within the original funds - but only, if this reflects management desires.

Jan 1, 1970

By William Petruk

Many gold operations lose gold during processing because some ore characteristics which affect recoveries have not been determined, and consequently the plant could not be designed to account for them. The ore characteristics can be determined with mineralogical techniques by analyzing the plant feed, final tailings and mill products. The plant feed and/or final tailings are commonly analyzed first as a separate project. Mill products are analyzed only if the process employs a minerals separation circuit to produce a concentrate (e.g. secondary flotation circuit to concentrate gold-bearing arsenopyrite), and if assays and materials balances indicate a recovery problem in the minerals separation circuit. Many ores have been evaluated at CANMET on a confidential cost-recovery basis by custom-designing a work plan which was dependent upon the problem and on the characteristics of the ore. The reasons for gold losses have been identified in most cases, and suggestions for modifying flowsheets have been proposed. The methods used in performing the analyses are described in this paper, and non-confidential results from in-house projects are provided as examples of the benefits of such analyses. The analytical methodology involves a combination of the following procedures: -producing heavy mineral concentrates and identifying the gold minerals in the concentrates; -determining quantities of invisible gold in gold-bearing sulphides, sulpharsenides, etc. by SIMS; -determining quantities and liberation characteristics of all gold minerals and gold-bearing minerals in the sample; -finding and identifying gold minerals in silicates; -extensive grinding and cyanidation to determine the ultimate amount of cyanidable gold; -determining impact of clay minerals and graphite; -performing a mineral balance for the gold in each sample; -performing a materials balance to determine the distribution of the gold minerals, gold-bearing minerals, and other minerals throughout the flowsheet, and; -interpreting the results.

Jan 1, 1995