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By Howard M. Wells

Portfolio theory and the Capital Asset Pricing Model (Modigliani and Pogue, 1974) provides an investment decision rationale which takes account of the benefits of diversification in reducing effective risk, but this theory does not consider the financial capability of the firm to survive large losses if they should occur. The LL-curve theory (Wells, 1976) takes the latter consideration into account, but it does not provide for the effects of diversification. This paper pro- poses a general theory to account for both diversification and the financial capacity of the firm to underwrite the investment risks.

Jan 1, 1983

By Young C. Kim

Because of the tremendous technological advances achieved in recent years in microcomputers, it is not only technically feasible but also economically viable to develop an automatic truck dispatching system using a microcomputer. Such an effort was initiated by the Department of mining and Geological Engineering, University of Arizona in the summer of 1983. Up to date results and experiences prove that today's microcomputers can be economically employed for such a system to be used at small to medium scale open-pit mines. An IBM/XT microcomputer with 10 MB harddisk storage, together with automatic sensing capability of truck movements at several key locations in the pit, formed the core of this system. System software is written primarily in MICROSOFT FORTRAN with supporting subroutines in MACRO assembly language. The software is designed to automatically monitor truck movement throughout the pit, to make heuristic assignments based on expected shovel availability and truck travel times, and to record production statistics. It is currently dimensioned to handle 50 trucks, 10 shovels, 10 dump sites and 3 material types. Due to the lack of funds to purchase the necessary communications hardware, the work related to the automatic sensing of truck movements has not been performed to date. Otherwise, the automatic truck dispatching-system is fully operational on a realtime mode.

Jan 1, 1984

By Edwin R. (Original by) Phelps

Surface mining refers to the process of removing the material (over- burden) overlying a coal seam and exposing the coal so that it can be loaded out and conveyed by trucks or other methods to the preparation plant or other facility. Surface mining has not always been important in the coal industry. In the early 1900s, almost all of the coal mined in the United States was mined by underground methods. In 1900, about 192 Mt (212 million st) of bituminous coal were mined and less than 1% was mined by surface methods. The development and use of larger equipment has allowed surface mining to gain prominence throughout the years. Table 1 shows the total production of coal by mining method in the United States for ten-year periods since 1920 and indicates the growth of surface-mined coal production. Surface mining will undoubtedly continue to account for a large percentage of the coal production in the US for many years because: 1) The capacity of surface mining excavators has continued to increase. Today, mining companies are using shovels (see Fig. 1) which are able to move up to 137.6 m3 (180 cu yd) in each bite and draglines (see Fig. 2) which move up to 168.2 m3 (220 cu yd) in each bucketful. 2) Increasing tonnage from the thick western coal seams is being produced by surface mining methods. 3) Surface mining has normally had lower costs and a better safety record than underground mining; 4) Surface mining normally recovers a- much higher percentage of the coal reserve than can be recovered by underground mining. 5) Some coal measures can best be extracted by surface mining [ ] methods because of geologic reasons such as the nature of the roof or bottom, thickness of the seam, multiple bedding, etc.

Jan 1, 1981

By O. D. Christensen

The Carlin Trend is a 60 km (38 mi) long northwest alignment of epithermal, sediment-hosted, disseminated gold deposits. Collectively, these orebodies contained more than 620 t (20 million troy ounces) of gold. The Carlin deposit, located near the center of the Trend, has become the "type" deposit of this class. There are, however, significant differences between the individual deposits. Six subdistricts can be distinguished, based upon geographic, structural, lithologic, alteration, mineralization style, and geochemical characteristics. They are, from northwest to southeast, the Bootstrap, Bluestar-Goldstrike, Lynn, Maggie Creek, Rain and Bullion (Railroad) subdistricts. Regional Geologic Setting The Carlin District is located centrally within the Great Basin Geologic Province. Host rocks for the deposits include sedimentary units that range in age from Ordovician to Mississippian, as well as a Jurassic-Cretaceous granodiorite stock. During the Early Paleozoic, the area that is now Nevada lay along the western margin of the North American continent. A westward-thickening wedge of sedimentary units was deposited offshore in a eugeoclinal basin; these vary from continental shelf carbonates toward the east to fine-grained siliceous clastic and cherty units to the west. Tectonic activity associated with the Antler Orogeny in Late Devonian to Early Mississippian time resulted in the eugeoclinal Western Assemblage rocks being thrust as much as 140 km (90 mi) eastward over time-equivalent transitional to miogeoclinal Eastern Assemblage rocks along the Roberts Mountains Thrust fault system. The leading edge of the Roberts Mountains Thrust plate formed the emergent Antler highland from which siliceous clastic sediment, eroded from the overriding eugeoclinal rocks, was shed eastward into the adjacent foreland basin. Erosional products derived from the overthrust plate are termed the Overlap Assemblage.

Jan 1, 1987

By D. E. Ranta

Orebodies with intricate three-dimensional shapes (such as porphyry molybdenum deposits) are difficult to model using geostatistics or other computer-assisted methods. The strong trends in their spatial grade distributions occur as mathematically complex shapes and prevent the customary assumption of local stationarity that is required for accurate ore reserve estimation. "Zoned Kriging", a new method developed by AMAX, solves this problem directly by using the geologist's interpretation of the ore zones as a parameter in the kriging equations. The geological basis and methods used in the Climax ore zoning technique are reviewed and discussed relative to their application in zoned geostatistical modeling. The Zoned Kriging technique is described and demonstrated using data typical of mineral deposits.

Jan 1, 1984

By O. Tranbarger

In aging tunnels, wall and roof deterioration can eventually result in defects that must be detected and repaired to maintain safe structural conditions. In investigating tunnel defect conditions, a specialized FM radar system was developed with a programmable VHF and UHF operating sweep range for optimizing the penetration and measurement capabilities. The new FM radar technology was tested in two aging brick-lined tunnels in New York City. Test results showed that FM radar signals could penetrate eight courses of water-saturated brick and that the original steel liner outside the tunnel walls was intact.

Jan 1, 1985

By A. T. Yu

Bulk sampling is define' as the ?process of extracting a small fraction of material from a large bulk ...sufficiently representative ...for the intended purpose.? (ref. 1). Today's pressing need for simple, effective and reliable sampling systems is intensified by the growing demand for quality control as a means to cope with inflation, competition and rapidly increasing consumption of raw materials. Much has been written on bulk sampling (ref. 2 thru 9). It involves a wide range of subjects cutting across the domains of physics, chemistry, geology, mining, materials handling and processing, as well as probability and statistics. Since the problem itself is complex, any in-depth treatment cannot avoid a somewhat lengthy coverage. Of all of the related topics. Arbitrary, haphazard studies, on the other hand, can leave out important details and obscure or confuse the issue.

Jan 1, 1970

By H. Colijn

Vibratory or oscillatory conveyors can be found in all types of industry, handling virtually any granular bulk material, often at elevated temperatures. These conveyors can be combined with other process functions, such as screening, cooling, drying and dewatering, while conveying. Although construction and installation is relatively simple, the engineering and design analysis of the vibratory mechanics is fairly complex. This paper will discuss the basic types of vibratory conveyors and the analysis of the material movement along the carrying trough.

Jan 1, 1985

By Keshavan Nair

In connection with Project Payette, which is concerned with the detection of underground nuclear explosions, it was necessary to determine the technical feasibility of constructing and maintaining a large (approximately 315 feet in diameter) unsupported underground cavity at a depth of approximately 2700 feet in the Tatum Salt Dome in Mississippi. The dimensions and the location of the cavity in the salt dome were governed by criteria laid down by the Atomic Energy Commission. Within the framework of the specified criteria, cavities of various shapes and dimensions could be utilized. One aspect of the feasibility study was to investigate the structural stability of various cavity shapes and to recommend a preferred shape. This paper summarizes the studies that were conducted to evaluate the structural stability of various proposed cavities.(l)

Jan 1, 1968

By William I. Weisman

The annual consumption of fluorspar in the United States, in the last 10 years has doubled. In 1971, when 1,344,742 tons were consumed, almost 45 percent of this amount was used in the production of steel and nearly 50 percent was consumed in the manufacture of hydrofluoric acid. Of the hydrofluoric acid produced, about one-third was used in the manufacture of aluminum electrolytes for production of primary aluminum metal and the balance was consumed in the manufacture of a variety of fluorocarbons and other chemicals. A small amount of fluorspar, constituting less than five percent of total consumption, was used in the foundry industry, and in the manufacture of glass, enamel, cement and other products. It is apparent that a continuing supply of fluorspar will be required to meet the demands for these vital metals and chemicals in our expanding industrial society. Domestic fluorspar production meets only approximately 20 percent of our needs. Hence, it is essential that the United States maintain a healthy domestic fluorspar industry in order to have adequate domestic reserves available at times of emergency and to protect this country from becoming solely dependent on foreign sources for this strategic commodity.

Jan 1, 1973

By Ottmar Burghardt

Sintering of iron ore has undergone a dramatic development world-wide. Today, the annual world production amounts to approximately 600 million tons. At present, the sintering process in competition with pelletizing, seems to offer certain advantages inasmuch as it allows the use of solid fuels. Also, its charging behaviour in the blast furnace is, in general, considered as being better than that of pellets. This is true, in particular, for the charging behaviour and the gas permeability in relation to the grain size. Moreover, instead of charging limestone into the blast furnace, for instance, the basic components which are necessary for the burden materials can generally be supplied in a simpler and more cost-effective way by using basic sinter instead of basic pellets. While in sintering, with basicity rising to the range of 1.6 to 1.8 CaO : SiO2, the capacity increases and the sinter quality shows improvements in most of its characteristics, the pro¬duction of basic pellets generally requires a higher fuel rate, when compared to acid pellets, while production capacity decreases and some of the quality characteristics deteriorate.

Jan 1, 1982

By Samuel Polinsky, Lawrence W. Bierman, Wayne Perkins

[A column float beneficiation plant using 9, 8.5 foot diameter, cells was constructed by the Simplot Company and the Smoky Canyon Facility in the fall of 1986 and has been in operation since May of 1987. The float beneficiation process was developed jointly by the Simplot Company and the Bureau of Mines (Salt Lake City, Utah) which incorporates the Bureau's bubble generator design and chemistry system based around the reverse float technology, (Albany Bureau of Mines, Application of Carbonate-Silica Flotation Techniques to Western Phosphate Materials, Rule, Dallenbach , Larsen, RI8728, 1982) . This chemistry has been modified by Simplot in both patented and unpatented improvements. The objective of the beneficiation process was to reducethe A1203 content in the overall pipeline concentrate by 0.2 wt z. Therefore, a process stream was identified in the mill circuit which provided an opportunity to isolate and treat 1100 tons per day of poor quality phosphate concentrates The process allows recovery of approximately 15% of the mill concentrates, otherwise unsuitable for fertilizer production. The alternative would have been to waste this ore. Wasting would have resulted in considerable ore loss, increased mining costs and required additional products grinding. ]

Jan 1, 1989

By A. T. Stroebel

Diatomite deposits, the skeletal remains of tiny aquatic plants called diatoms, are found in many parts of the world. Only a few of these de- posits are of commercial value. Open pit mining is used in nearly all deposits now being worked. Processing methods range from simple drying, crushing, sizing and packaging to carefully controlled and highly sophisticated calcining and air classification procedures, employing the latest control and testing techniques. The major uses of processed diatomite are in filtration as filter aids and fillers and extenders.

Jan 1, 1979

By Doug Halbe

A number of CIP plants have been built in Western Australia in the past two years. The authors have surveyed several of these new plants and present drawings, data and discussion of operating and design innovations and areas of interest.

Jan 1, 1982

By d&apos, I. J. Agati

The stockpiling and reclaiming of bulk materials can be a challenging task for engineers seeking the optimum solution for plant needs, reliability, and at lowest unit cost. The objective of this paper will be to expose advantages, disadvantages and limitations of many storage and reclaiming systems to the responsible engineer and management. The paper will emphasize the practical aspect of stockpiling and reclaiming methods. Many valuable and interesting papers are available dealing with the theoretical viewpoint and application of a particular manufacturer's machine. Several of these are mentioned in the bibliography. As many practical parameters as possible will be given. After twenty years in the field of designing and selling bulk materials handling systems, the needs of the user and the plant are recognized and reasonably understood. This paper cannot give solutions to all problems In this vast field but will stress practical applications and examples of various installations. The evolution of advancements in materials handling is based upon not only technological innovations, but learning from many experiences of others and utilizing them as stepping stones to improved installations.

Jan 1, 1969

By J. R. Carr

A crucial concern when implementing computer algorithms for geostatistical analyses on microcomputers is speed of execution. Kriging, in particular, typically relies on a Gauss elimination algorithm to solve for weights. Because such an algorithm is required for each estimate, the solution for weights can result in very slow program execution speed on a microcomputer. One approach to enhancing the efficiency of Gauss elimination is demonstrated herein. The upper triangle plus diagonal of the intersample covariance matrix is used in a modified banded Gauss elimination algorithm. Results show that such an algorithm yields approximately a two-fold reduction in execution time for kriging when the number of nearest neighbors used for estimation is large.

Jan 1, 1990

By Manuel Viveros J.

This paper will deal with the type of rocks so called evaporites, which are sedimentary rocks produced by water evaporation from seas, lakes or marginal lagoons, in warm and arid climates. Salts derived from these deposits are precipitated according to their solubility; that is, the more soluble precipitates first, overlain by other sediments like silts, shales, limestones, sands, etc. The most common evaporites, according to their chemical composition, are : Chlorides Sulphates Carbonates Nitrates Borates Common salt, or halite, sulphates like anhydrite and gypsum, are the most important. Potassium chloride (silvite and carnalite) and potassium sulphate are of great commercial value.

Jan 1, 1974

By J. Richard Kyle

The Pb-Zn ore bodies in the Pine Point district are localized in paleo-solution structures that developed as the result of post-middle Givetian subaerial exposure of the carbonate barrier complex. Sulfides are concentrated in transgressive pale-solution structures that acted as natural bypasses between aquifers and loci for mixing of fluids of different character, one of which contained metals and the other reduced sulfur. Complex ore textures indicate rapid early sulfide precipitation followed by slower sulfide growth. Evidence for both sulfide-carbonate equilibrium and disequilibrium conditions suggest fluctuations in ore fluid composition. District and ore body metal distribution patterns may reflect the nature and movement of mineralizing fluids.

Jan 1, 1979

By Josef J. Schwegel

The first vertical shaft lime kiln operating according to the parallel-flow regenerative principle was developed and built in the nineteen-fifties by Schmid-Hofer in Austria. Upon proving this concept of calcining or "burning" limestone to be very energy efficient for the production of good quality lime, Maerz Ofenbau AG of Zurich, Switzerland was in 1965 licensed for the design detailing and construction of these kilns. The first regenerative shaft type lime kiln outside of Austria was built in 1966 and through close co-operation with customers and their operating personnel, the advanced technical developments of today's kiln designs were accomplished. At present approximately 190 kilns of this type in capacities ranging from 60 to 700 short tons per day have been built or are under construction throughout the world in highly industrialized as well as less developed countries.

Jan 1, 1981

By M. L. Klohn

The Felder ore deposit is a 5,000,000-pound uranium deposit in the South Texas Coastal Plain. It occurs in the basal sand of an Oakville Formation (Miocene) alluvial system. The host sand is a carbonate-rich arkose which contains virtually no carbonaceous debris and has been reduced by the local introduction of hydrogen sulfide. The ore lies well within the reduced zone and occurs as coffinite and uraninite that fill interstices and coat and replace grains. The overall geometric configuration of the ore is that of a winged, crescentic ore roll. Weak mineralization extends the wings of the ore roll and gives greater expression to the roll character. Departures from the shape are controlled by discontinuities in bed- ding and by proximity of the ore to the surface. Associated with the uranium is a broad halo of anomalous molybdenum. Subsidiary mineralized trends suggest a pre-existing up-dip position for the main roll. Oxidation from the surface largely destroyed this previous roll by solubilization of uranium. Uranium subsequently migrated into favorably reduced sand and reprecipitated at the present roll position.

Jan 1, 1970