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By G. Davis

Mineral properties and mineral firms often trade at a market value that is significantly greater than the value indicated by discounted cash flow (DCF) techniques. A possible explanation is that DCF analysis does not consider the value derived from managerial flexibility. Presumably, then, at least some of the difference between DCF value and market value is due to managerial flexibility. This paper surveys the recent attempts to empirically quantify the value of managerial flexibility using option pricing theory. The results indicate that managerial flexibility, at least as measured by the option pricing methodology, falls well short of explaining the gap between DCF value and market value.

Jan 1, 1995

By John A. Kaufman, Terry D. Vandell

Recent mining regulations have increased the need for detailed engineering and environmental information pertaining to the hydrogeologic environment in mining areas. The cost of obtaining such hydrogeologic information has also increased. After mineralization of potentially economic grade ore and tonnage has been identified, and after completing preliminary mining feasibility studies (suggesting that development is merited), a second exploration phase can incorporate a simple, cost-effective baseline hydrogeologic data reconnaissance program that is limited but useful. Using exploration drill holes only, this program can provide a direct indication of where ground water is encountered. Also, reasonable estimates can be made on the relative production of water from various water-bearing strata, a composite potentiometric surface map can be prepared, and the general chemistry of the ground water can be characterized. This article outlines what typical baseline hydrogeologic data are needed and describes how it can be easily obtained during exploration drilling. Introduction Major engineering and environmental ground water parameters can be identified early in a project by using, drill hole data obtained from a mineral exploration program, designed by the mine geologist and hydrogeologist. Most importantly, data obtained in the exploration drilling program can be used to design a logical, defensible, and cost-effective baseline ground water data reconnaissance and monitor well program, which would be required for mine design and ultimately for mine permit approval. Drilling Where possible, exploration drill holes should be drilled with conventional rotary drilling equipment using air or, if necessary, water as the drilling fluid. Rotary air or water drilling generally allow good delineation of the first major saturated or water-bearing zone. If mud must be used during drilling, distinct hydrogeologic zones can still be defined, although the task may be considerably more difficult. Water Levels Static water levels can be obtained from selected exploration drill holes at specific depths while additional boreholes are drilled. Such measurements should not, however, be conducted until the hole has been developed with air (no water) and has stabilized at each of the depths to be measured. Such water-level information can be particularly useful when more than one aquifer exists. Where mine development is eminent, the hydrogeologist should install 50-100 mm (2-4 in.) diameter PVC casing in select drill holes. The PVC should be slotted, gravel packed, and properly sealed so additional hydrogeologic data can be collected for specific hydrogeologic zones at a later date. Such data could include water level information, permeability estimates based on injection and /or pumping tests, and water quality data. Where casing is not installed in drill holes, or when the drill holes are abandoned, the holes should be properly grouted and back-filled to the ground surface to prevent potential future ground water contamination. Monitoring Air Lift Water Production Estimates of the relative production from various water-bearing strata can be obtained from selected exploration drill holes. If ground water is encountered, its air lift (ground water flow) production can be measured at distinct intervals using a surface water flow measuring device, such as a portable Parshall

Jan 2, 1983

By Bob Newbery, Kenneth W. P. Eng. Kolthammer

SUMMARY Reference is made to the reasons for drying and the equipment is described that is available from which the engineer can make a selection. The factors affecting this decision are described. In the case of drying, design and sizing are ultimately developed empirically and no theoretical approach has been advanced.

Jan 1, 1986

By R. K. Davey

Before the introduction of computerized procedures, mineralization modeling (compilation of level maps), ultimate pit studies, ore reserve compilations, and long-range mine planning all were performed manually. In fact, much of the basis for today's computer programs was derived from manual procedures and actual experience of mining engineers and geologists.

Jan 1, 1979

The value of US industrial mineral output last year was $20 billion, a 12% decline from 1981. A glance at the accompanying table and a review of the comments made by several contributors reveals how poorly many industrial minerals fared during 1982. Bromine and peat posted a 6% increase in production while recovered sulfur showed only a 3% gain over 1981. Pumice, salt, and dimension stone managed to stay more or less even with 1981 production. However, most industrial minerals posted losses for the year from 3% for vermiculite, sodium carbonate, and gypsum to 49% for ilmenite. Naturally, the depressed economy is to blame for decreased production and consumption. Low steel and auto production, lower housing starts, and many other factors impacted the industrial mineral industries. Hopefully the worst is over. Interest rates are down, energy costs are decreasing, the automobile and housing industries show signs of picking up. Perhaps the 1983 annual review will be less gloomy. Many thanks to these industrial minerals technical committee members for their contribution to this year's annual review: G. S. Austin, E. S. Montgomery, H. P. Ehrlinger III, D. B. Jorgensen, R. L. Parratt, J. F. Burst, W. Mallory, N. C. Trivedi, and N. K. Olson.

Jan 5, 1983

By W. A. Crosby, A. Bauer

The recent increase in size of open-pit mining operations has resulted in major improvements in efficiency that are beneficial to the mining industry. Higher bench heights, larger diameter blast-holes, and more powerful explosives have played an important part in reducing mining costs. These measures have, however, resulted in increased energy concentrations in the blast area, which can result in severe backbreak problems for final pit walls. If backbreak is not controlled, a decrease in the overall pit slope angle will ultimately be necessary, and consequences, such as decreased recoverable ore reserves and increased waste-to-ore ratios, will result. Greater amounts of loose face rock will be produced, and planned safety berms will be less effective or nonexistent. Hazardous working conditions can also result. Remedial measures, such as scaling large areas and using wire mesh or other artificial support, are very expensive and difficult to implement. There must be a trade-off between the money saved by using larger blasts, and the time spent to maintain pit wall quality. The best approach is to control blasting effects so the inherent strength of pit walls is not destroyed. Presplit and trim blasting are two control blasting techniques used to accomplish this. Both techniques are designed to create a low explosive energy concentration per unit of wall area at the perimeter of the pit. Energy concentration of the main production blast must also be controlled to avoid damaging the final pit wall. A low-energy concentration at the final wall can be obtained by decoupling charges, decking charges, using less powerful explosives, decreasing blasthole diameters, and changing the burden and spacing. Rock properties-fragmentation and the final state of the pit wall-influence the success of a blast. The most important properties to consider are: in situ rock strength, and the nature, frequency, and orientation of structural features. Since these variables cannot be controlled, they must be evaluated by suitable field tests, and then a control blast can be designed using controllable variables, such as spacing, burden, and hole diameter, so the blast will be successful for appropriate rock conditions. One main thrust of this article is to show how control blasts can be successfully designed for larger hole sizes, up to 381-mm-diam. While efforts to produce a good control blast in shovel/truck pits have been ongoing for some time, recent use of a modified presplit technique in dragline operations has helped reduce water problems, improve safety, and increase dragline productivity in a number of surface coal mines. This article presents examples on designing and using presplit and trim blasting for large hole operations in both shovel/truck and dragline mines. Presplit Blasting As introduction to presplit blasting, Fig. 1 illustrates a typical presplit blast layout using 102 mm-diam presplit holes for 381¬mm-diam production holes. For this type of blast, presplit holes would normally be drilled first, ahead of main production holes. The choice can then be made between loading and firing the presplit line or infilling the main blast. In the latter case, the presplit line would be fired instantaneously 100-150 milliseconds before the main blast. As shown in the figure, the presplit line is formed ahead of the main

Jan 2, 1982

By B. K. Parekh

Silicon carbide (SiC) can be produced by heating rice hulls to elevated temperature, The product is a mixture of beta crystalline silicon carbide whiskers, particles and unreacted carbon. The silicon carbide whiskers are 0.5 micron in diameter and 50 to 100 micron in length and have been found useful for reinforcing metal and other composite materials. The carbon can be removed by combustion, but this makes separation of the silicon carbide whiskers from particles difficult and a high grade whisker product cannot be made. However, a clean high grade Sic whiskers product can be obtained from the pre-burned converted rice hulls using physical separation processes that are based on differential wetting. Recovery of Sic whiskers from the pre-burned material was found to exceed 90 percent. A modification of the froth flotation process developed during this study is now being used commercially to separate silicon carbide whiskers and particles and to recover a high grade whisker product.

Jan 1, 1985

By R. T. Swinderman

This paper discusses a series of tests designed to help answer the age old question: ?How much does the belt cleaner wear my belt?? The experimental set up and test method are described. The main variables are: belt cleaner blade materials, cleaning pressures, cleaning angles, belt speeds, and belt top cover grade. The bulk material used is a standard test-grade silica sand. The measured results include: blade mass loss, belt mass loss, and cleaning efficiency.

Jan 1, 2010

By J. Villeneuve

Steady-state simulation has proved to be a very useful aid in designing new plants and optimizing existing ones. The algorithms and data definitions of existing simulators often, however, require a great deal of expertise for implementing a simulation-based methodology. The constraints imposed by conventional simulators are explained and the advantages of a new algorithm, the Objective-Driven Simulation, are shown. These advantages are a) an improvement in the simulation results, which enables simplifications of the methodologies used, and b) the possibility of taking into account economic objectives for plant operation, thus extending the range of application of steady-state simulation.

Jan 1, 1992

By James Wm. White

Calculation of consistent steady-state mass balances in operating metallurgical plants and pilot plants is of interest for many reasons. In general, enough data can - and should - be collected to overdefine the system, i.e., permit calculation of nonmeasured quantities via more than one path. In such cases, resulting steady-state metallurgical mass balances rarely close due to sampling, analysis and/ or instrument error. Indeed, determination of a valid calculational sequence for complicated process flowsheets with multiple recycle streams can prove quite difficult. Here we present and discuss a method that has proven useful in analysis of numerous grinding circuit flowsheets of varying-degrees of complexity our technique requires only a consistent process flowsheet with appropriate associated data and arbitrary numbering of streams and equipments. Process topology and user data are decoded to yield a set of "search" or base variables and a set of "calculated" variables in solids, water, particle size and splitter parameter space. This procedure greatly speeds subsequent actual mass balance adjustment calculations since perturing certain variables (e.g., a solids value) does not require recalculation of other variables (e.g., the water balance). Finally, internal search and calculated variables are back converted to User units and used in a Sum-of-Squares criterion. Global minimization of this performance functional then yields a consistent mass balance in a least, squares sense. Weighting factors of choice can be used. Examples illustrate application of these methods.

Jan 1, 1979

By D. A. Longhurst

Improper size distribution of the grinding media in a multicompartment mill can be a source of many operation problems encountered. Inefficient use of the power expended for grinding, and an undesirable product size distribution are two frequent resultants. It is necessary to resize the grinding media in the leading mill compartment at time intervals related to the abrasive nature of the material being processed. In practice, this is done when time permits and with sketchy guidelines, if any. Maintenance of the grinding media size distribution can be scheduled, and would be, with a realistic method supplied to the user.

Jan 1, 1984

By Brandon Barnes, Michael Haggerty

"Around Minneapolis and Saint Paul, Minnesota, the local geology includes the St. Peter Sandstone, which is easily minable and has facilitated construction of interceptor tunnels for storm water and sanitary tunnels since the 1800s. The elevation of the geologic units allowed gravity-driven flows from the downtown areas all the way to the Mississippi River. Through many years of service, some of these tunnels have experienced degradation and require maintenance. Additionally, increased stormwater surface runoff can result in internal pressurization of the tunnels, accelerating degradation. Because structural failure or collapse of any of these interceptor tunnels would create a significant repair challenge, the city of Minneapolis has been inspecting and designating tunnels in its system for periodic review and repair. One of these, the St. Mary’s/Hiawatha tunnel, was rehabilitated using a grouting program. A hydrologic model was also used to improve understanding of pressurization events during some storms, leading to construction of a near-surface pressure dissipation chamber to provide increased hydraulic capacity. BACKGROUND The St. Mary’s/Hiawatha tunnel in Minneapolis has three segments; the first two were constructed in 1942 and the third was added in 1987 (Figure 1). Segment 1 is approximately 4,700 feet in length and outlets to the Mississippi River. Segment 2 intersects Segment 1 approximately 3,500 feet upstream of the river outlet and continues for approximately 2,500 feet in a southeasterly direction. The third and newest segment is approximately 500 feet long. There are four different cross sections of tunnel along the entire system.Originally, tunnel construction often consisted of mining the St. Peter sandstone with a pressurized water lance and constructing wood lagging support (Payne, 1967). An underdrain was generally installed below the invert during construction; this resulted in localized dewatering and provided groundwater control during construction. Non-reinforced concrete liner sections were cast in place. Often void space existed between the tunnel liner and the native sandstone bedrock. These voids, particularly in the crown, prevent direct contact between the liner and the bedrock."

Jan 1, 2016

By Edward H. Eisenbrey

This paper is primarily concerned with the exploration for massive sulphide orebodies. In a discussion of this type, it seems appropriate to establish a few definitions so that all parties may consider the same beast and its habitat. First, the term "massive sulphides", as used here, not only denotes a body of mineralized rock containing in excess of 50% sulphides by volume, but a mass of sulphides that respond as a conductor to the electromagnetic (EM) systems currently in use in exploration. "Disseminated sulphides" refer to all of those sulphide occurrences that respond to the Induced Polarization (IP) geophysical methods most commonly in use in porphyry copper exploration. This latter definition may also include the disseminated sulphide halos so frequently found associated with massive mineralization as well as banded and stringer sulphide mineralization. It is plain to see that these two end members of our definitions can easily blend into each other. The term "volcanogenic" refers here to any and all geologic processes that have their origin in volcanic activity. Thus we are concerned here with the exploration for massive sulphide ore deposits derived from and affected by contemporaneous and post mineral volcanic activity. Furthermore, most massive sulphide deposits are apparently formed in a submarine environment, deposited with extrusive rocks and sediments and/or chemical hot spring accumulations, then enclosed and protected by the addition of more volcanic and sedimentary material then, probably folded and deformed into one of their myriad of shapes.

Jan 1, 1973

By John H. Bassarear

By 1968 Cyprus Pima was milling 38,000 tpd of copper ore using a conventional flowsheet consisting of three stages of crushing rod mills and ball mills. A 15,000 tpd expansion was put on stream late in 1971 using primary crushing, semiautogenous mills, and ball mills. Identical ore is treated in both concentrators. This paper shows the weight and life of each individual liner for each crusher and each mill over a four year period from 1974-1977. Power and media consumption are shown for the same period and a comparison is made between the two reduction methods.

Jan 1, 1980

By R. J. Visintainer, J. M. Furlan

"Due to the time-consuming nature of froth testing in a laboratory environment, practical limitations require the development of a method of applying a single set of performance test data (Visintainer and Whitlock, 2012) obtained for a single froth pump at a given speed to a range of froth pump speeds and sizes, % air content and liquid viscosities. Head, efficiency and flow all vary as functions of both liquid viscosity and air content. As such, it is necessary to develop a technique that can be used to interpolate from existing test data in order to predict froth performance for pumps of various sizes running at variable speeds. Details of the technique developed in order to achieve this goal, as well as the insights gained from analysis of the resulting regressions, are discussed. Additionally, comparisons are made between the performance predictions of this test-derived method and those of the Hydraulic Institute standard for the effects of liquid viscosity on centrifugal pump performance (ANSI, 2010).IntroductionPump performance data (Visintainer and Whitlock, 2012) has been collected for a froth pump using an experimental loop outfitted with an array of pressure transducers, mass flow meters, an inverted U-loop, magnetic flow meter and an assortment of other instrumentation. Experiments were performed on pure water, water and air, pure corn syrup, and corn syrup and air. Data was obtained for % air contents of 0-30% and viscosities of 1- 15,000 cSt at eight specific valve positions (eight different flows as a percentage of best efficiency flow points) and the viscosity was changed by allowing the system temperature to increase during testing. The test pump is a 710-mm diameter impeller, GIW HVF, open shrouded, vented design that has its discharge axis oriented at 45° upward from the horizontal. A schematic diagram of the froth pump test loop can be seen in Fig. 1."

Jan 1, 2015

By Crone Duncan

The search. for massive sulphide orebodies is steadily being extended to greater depths as well as expanding outward into the large portion of the earth's surface where the sulphide bodies are deeply weathered. Massive sulphide orebodies are generally not large in dimensions. They are not like disseminated type sulphide bodies that form large ground exploration targets that can be detected at greater and greater depths simply by increasing the geometrical spacing between the geophysical transmitter and receiver. In¬creasing the transmitter-receiver spacing with massive sulphide bodies eventually "waters down" the anomaly from the body until it disappears into noise. If high surface conductivity is present, as is common in areas of deep weathering, the problem is compounded by the increasing response of the surface layer, as the receiver-transmitter spacing is expanded. The search to greater depths has important implications other than just detection of the orebody. Drilling costs are increased and the probability of missing the target are increased. Missing an orebody is an expense that is difficult to evaluate in dollars per line mile of survey especially since one does not know the value of what was missed. A ground Pulse EM method has the capabilities of solving the problems of deeper exploration particularly in areas of surface weathering it can attain deep penetration without large coil spacings, it also provides information from a complete range of frequencies. The method has other operational advantages since it is free of geometrical restrictions as to coil alignments and can operate in areas of high power line noise.

Jan 1, 1975

By Colin Connors

Cemented rockfill is a key component in the success of underground mining at the Jerritt Canyon Joint Venture. The Murray and SSX mines are characterized by relatively poor rock mass quality, and the goal of complete mining recovery makes maintaining a high quality backfill product vital to the safety and efficiency of the mining operations. A large portion of the ore production from the Murray mine originates from drifting under backfill. Modelling studies performed to investigate induced loading of the backfill were used to develop engineering specifications for the backfill material. Operations history has shown an almost 100 percent stability of the backfill when mining is carried out beneath it. The volume of backfill required each year (approximately 300,000 tons) and the required cement content have a significant impact on the total mining costs. The potential for cost savings associated with higher replacement of cement with Type "C" fly ash and the implementation of a backfill strength management strategy were therefore evaluated.

Jan 1, 2001

By Billy W. Parks

This paper reports on the first 2 years in operation of a special-purpose coal handling rig which provides blending, temperature reduction, and continuous, automatic mechanical sampling as part of midstream barge to ship coal transfers. Briefly reviewing some of the characteristics of coal handling peculiar to midstream transfers, the paper discusses how the most beneficial aspects of midstreaming were enhanced through the design of this blending and sampling rig.

Jan 1, 1986

By Thomas R. Hightower

The Thunderbird plant was erected in Sullivan County in Indiana during 1958-1959. It was first put in operation in March of 1959. At the present time the source of the raw coal is from the Indiana No. 6 seam. The underground operation at present consists of two continuous mining units and two conventional units. The underground is all belt haulage and the first unit with which this paper is concerned is the slope belt. It is a 48-inch-wide inclined belt with 980-foot centers and a lift of 275 feet. The belt is powered with a 350 H, P, motor and has a rated capacity of 600 Tons per Hour. The belt is equipped with a Merrick Scale Company Weightometer, The raw coal moves from the belt to a 6'x12' extra heavy Allis-Chalmers Ripl-Flo equipped with 6" round-hole screens. The over product of the screen is fed into a 10'x20' long McNally- Pittsburg rotary breaker equipped with 4-l/2" round-hole screens. The oversize rock is discharged into a bin that is emptied with a refuse truck. The through-product of the breaker, along with the through-product of the Ripl-Flo, passes either directly to the McNally Giant washbox or to a 36" belt that transports it to a 1000-ton storage bin,' The change from either to the washbox or to the storage bin is made by use of a motorized gate controlled by the plant operator,

Jan 1, 1961

By Philip Antunes, A. E. (Tony) Reschke

"INTRODUCTION Tunnel Boring Machine (TBM) operations require the injection of material into the annular tail voids as the machine advances ahead of the segmental concrete lining. This annular gap is created because the cutting diameter of the TBM has to be larger than the outer diameter of the concrete segments of the tunnel lining. Fundamentally, the two basic types of annular grout are thick, concrete like mortars and thin, mobile, two-component grouts. While some European countries seem to still favor the concrete like mortars, from a global perspective it is now the two-component type grouts that dominate the industry. Two-component type grouts are comprised of an “A” component grout (typically cement, flyash, bentonite and a retarder/stabilizer) and a “B” component accelerator (sodium silicate or water glass as it is sometimes known). They are thus sometimes referred to as A/B type or bi-component grouts and were pioneered by the Japanese over 30 years ago. They offer a host of operational benefits over thick mortars, such as reduced settlement (Feddema et. al., 2001), effective penetration of the void space, with less energy, and reduced strain on the segmented linings (Robinson et. al., 2007). Two-component grouts are highly mobile and can be pumped many kilometers. The use of a retarder/stabilizer can also extend the shelf life of the “A” component grout for several days while the early strength of the accelerated grout stabilizes the ground and supports the segmental liner almost immediately. The batch plants that prepare the two-component grouts use one of two possible mixing methods for preparing the “A” component grout. The simplest plants use paddle type mixers and numerous tunnels worldwide have been successfully grouted using this technology. However, a superior type of mixer is available, namely the high shear colloidal mixer. Keller Colcrete successfully pioneered the development of the colloidal mixer back in 1937 and for over 75 years colloidal mixers have been internationally recognised as the most efficient method of mixing cement based grouts (Houlsby, 1990). These mixers are used in grout preparation for radioactive waste encapsulation, hydro dam grout curtains, soilcrete jet grouting, soil nailing, and numerous other geotechnical applications. In tunnelling, these mixers are also used for ground treatment, compensation grouting and for the preparation of bentonite lubrication for pipejacking. It has been only within the last decade however that these high-shear colloidal mixers have been adapted for use in the preparation of two-component grouts."

Jan 1, 2016