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There has been some confusion over the selection of discount rates when performing stochastic simulations of a project's net present value (NPV) using risk- adjusted discounting techniques. Some argue that lower discount rates should be used when performing stochastic valuation simulations. This creates higher NPV values and improves the attractiveness of a project. Others argue that the discount rate should not be lowered for these simulations. This paper exposes the source of this confusion. It demonstrates that stochastic simulations do not remove the risk inherent in a project and, therefore-do not improve a project's value to the risk-averse investor. Risk-adjusted discount rates should, therefore, not be adjusted downward when performing stochastic NPV simulations. Stochastic simulations are, however, shown to he useful in several aspects of project valuation.

Jan 1, 1996

By H. K. Lin

Cyclic voltammetric and potential step chronoamperometric techniques were used to study gold dissolution in cyanide solution. Three distinct anodic peaks and one cathodic peak appear on the voltammogram between -0.50 and 0.80 V vs. SCE. The corresponding reactions were proposed to explain the peaks and the passivations. The proposed reactions were in agreement with the effect of pH and cyanide on the magnitude of the peak currents. Cyclic voltammetric tests, with various vertex potentials, were also conducted to examine the proposed reactions. Steady-state currents at various potentials were obtained by potential step chronoamperometric technique and were compared with transient currents obtained by the cyclic voltammetric technique.

Jan 1, 2002

Cost accounting information is used primarily for (1) planning, control, and performance evaluation; and (2) managerial decision-making. Incremental analysis is a tool for managerial decision-making. It is designed to estimate future financial performance, namely the benefits and costs associated with alternative courses of action. Decisions may be distinguished as pertaining to short-term or long-term activities. Long-term activities frequently focus on capacity decisions and the attendant capital budgeting processes used to quantify the financial effects of these decisions. Short-term decisions typically address short-range production quantity and pricing issues, outsourcing, selection of the optimal mix of products, inventory management, and the acceptance of special orders. This chapter addresses these short-term decisions.

Jan 1, 1999

By J. D. Miller, D. M. Catarious, F. L. Stanley

The quality of cleaned products from coal preparation plants is often variable due to natural fluctuations in the washability characteristics of the plant feed. To combat this problem, many modern plants have installed on-line analyzers that provide feedback for the real-time control of product quality via the adjustment of circuit cutpoints. Unfortunately, optimization studies show that this approach may actually lead to increased losses of saleable coal. This paper discusses the problems associated with the real-time manipulation of circuit cutpoints and suggests alternative modes of operation that are better suited for plant optimization. A case study involving an eastern U.S. coal plant has been used to compare the economic impacts of these different approaches for plantwide control.

Jan 1, 2000

By Steven Brown, Richard Stephenson, Richard Partch, Hongyu Wang

Filler technology has enjoyed a revolution in attention and achievement in the past half century. The genesis of the advancements is greater find a mental understanding of the synthetic chemistries for and physical properties of colloidal matter and instrumentation capable of characterizing particle size, shape and surface features. Several advanced chemical methods for processing powders are now employed in ceramic, electronic, imaging, medicinal and plastic technology. This presentation will highlight solution phase synthetic methods for in situ coating of fillers such as SiC, Al2O3, AlN and SiO2 and some properties of the product solids.

Jan 1, 2003

By W. D. Diment

The concept of flying employees in and out of remote mine sites on a regular rotation basis, rather than establishing permanent support communities nearby, has gained increasing acceptance by mine operators, unions and regulatory agencies in Canada. The development of successful fly in/fly out programs and resultant compressed work schedules is dependent on meeting design requirements through comprehensive research of worker profiles to ensure the selection of suitable employees and the implementation of satisfactory working conditions. This paper presents an overview of Canadian mine industry practice with regard to the fly in/fly out mode of operation and compressed work schedules.

Jan 1, 1987

By W. F. Hahnert, T. L. Ward, K. E. Stoll, P. A. S. Ralston

Fuzzy logic is well suited to the control of non-linear, time-varying, and/or any system for which it is difficult to obtain an exact mathematical model. To design a good fuzzy controller, a thorough understanding of the desired process behavior is required. Many papers have suggested that fuzzy controllers are robust. If they are, it is reasonable to explore whether or not they respond better than conventional controllers to errors in the feedback signal due to imperfect measurement or sensor degradation. It may be the case that simpler or less expensive sensors could be used in some processes. The research presented here relies on an integrated array of computer programs that model and simulate (1) the process to be controlled, (2) common feedback instrumentation, and (3) both fuzzy logic controllers (FLC's) and conventional controllers. Various types of feedback sensor imperfections are imposed upon the system, and the performance of the two controllers is compared. Each controller is tuned to its optimal performance in response to a setpoint change using perfect feedback measurement.

Jan 1, 1993

By Y. Q. Zhang, Y. Luo, S. S. Peng

Burrier pillars in underground coal mines could eventually be subjected to a water head due to the build-up of mine water in the old workings. The water head could not only act ns a force to destabilize the pillar, but it could also cause seepage flow through the pillar and its surrounding strata. Excessive seepage flow could induce piping failure that, ill turn, could accelerate the mechanical failure process of the barrier pillars. In this paper, a finite element simulation approach was employed in the evaluation of the barrier pillars. Both the stress distribution and the seepage flow pattern in and around a barrier pillar have been simulated numerically. The effects of ground stress on rock permeability to water seepage has been taken into consideration in these simulations,

Jan 1, 2002

By B. R. Satio, P. G. West-Sells, D. B. Dreisinger, B. J. Y. Leong, G. A. Kordosky

Electrolytic techniques have historically been used to remove arsenic, antimony and bismuth from copper refining electrolytes. However, both solvent extraction and ion exchange techniques have been heavily researched and in a number of cases commercially introduced. In this study a large number of solvent extraction reagents and ion exchange resins were screened to determine the selectivity of the reagents for impurity removal. Solvating extractants were found to efficiently remove arsenic from electrolyte. The extent of arsenic extraction increased in the following order: TBP < DBBP < DPPP < Cyanex 925 < Cyanex 923. Antimony and bismuth extraction from electrolyte were demonstrated with the reagent 2EHAP04. The ion exchange resins UR-3300 and Duolite C-467 were found to strongly extract antimony and bismuth from electrolyte. C-467 appeared to be superior to UR-3300.

Jan 1, 1993

By John R. Twining, Michael D. Lawton, Ross A. Jeffree

The Finniss River system in tropical northern Australia has received &apos;acid-drainage&apos; contaminants from the Rum Jungle uranium/copper mine site over the past 4 decades. Following mine-site remediation that began in 1981-82 the annual contaminant loads of sulfate, Cu, Zn and Mn have declined by factors of 3, 7, 5 and 4, respectively over 1990-93, compared to the 1969-74 pre-remediation loads. Comparison of the frequency distributions of contaminant water concentrations over these pre- and post-remedial periods have shown varying degrees of reduction in the highest levels following mine-site remediation, that are consistent with reductions in their annual-cycle loads. Among the three selected major metal contaminants the reductions in maximum water concentrations are most pronounced for Cu. The demonstrated reductions in the highest water concentrations of all four contaminants are also associated with previously reported ecological improvement in the Finniss River system, compared to the benchmark of environmental detriment established in 1973fl4, prior to the beginning of remediation at the mine site.

Jan 1, 2000

By Peter Sullivan, Johan van Heerden

Increased use of continuous miners and roadheaders in the underground coal mining industry in South Africa has led to improved productivity and efficiency of operations. Of major concern, however, is the increased amount of airborne dust generated during mining. Dust is a health hazard in terms of respiratory diseases, can impede productivity and is the major contributor to the potential of underground explosions. The concern of the South African coal mining industry with regard to the underground dust problem has led to the establishment of a Dust Control Section in the Coal Mining Division of COMRO. In the field of dust suppression system evaluation and design, collaborative work has been undertaken by COMRO and FLOSEP. This paper gives a review of the application of Computational Fluid Dynamics (CFD) in evaluating and improving environmental conditions in continuous miner and roadheader sections. A brief history of the development of the CFD model as well as a discussion of a typical application is included.

Jan 1, 1993

By J. G. Groppo, B. K. Parekh

A series of performance studies were conducted using countercurrent column flotation to recover a marketable clean coal product from existing preparation plant fine waste streams. The test work was conducted at several preparation plant sites in Kentucky and Virginia using a 150-mm (6-in.) inside diameter column that was 5.8 m (19 ft) high. Both thickener feed and classifying cyclone overflow with a typical size distribution of 150 µm (100 mesh) X 0 were tested. The percent solids of the column flotation feed varied from 1.5% to 15% while the ash content ranged from about 30% to 60%. The concentrates produced contained 2% to 10% ash with Btu recoveries of nearly 90% using 0.12 to 1.25 kg/t (0.25 to 2.5 lbs per st) fuel oil and 0.12 kg/t (0.25 lbs per st) MIBC. These results were consistent with or better than results obtained in preliminary laboratory scale column flotation evaluation. Test results from seven different seams are discussed as well as scale-up relationships used to design a full-scale installation presently in operation.

Jan 1, 1991

By B. C. Flintoff

In general, process control systems in solid-solid separation have not evolved to the same level as in flotation circuit control. Perhaps one of the more significant contributing factors in this regard is the lack of suitable on-line analytical instrumentation. In spite of the obstacles, some interesting work has been done. This paper presents a review of current industrial control strategies in ore sorting, dense media separation, gravity separation and electrical and magnetic separation.

Jan 1, 1986

By S. G. Malghan

This paper reviews uses of sodium sulfide in the flotation of oxide minerals of copper, lead, and zinc. The activation and depression effects of sodium sulfide are of particular importance because of their applications with oxidized lead and copper ores. In spite of its industrial importance, the nature of the heterogeneous reactions between sulfide ions in solution and the surface of oxidized minerals has not been fully understood. Hence, proposed mechanisms of the sulfide action in flotation, methods of measuring and monitoring sodium sulfide in flotation pulps, and variables influencing the sulfide addition are analyzed. Recent studies on sodium sulfide addition to flotation pulps, monitoring its concentration, and the optimum dosage control using platinum and/or sulfide specific ion electrodes are discussed.

Jan 1, 1987

By Mark J. Schultz, William J. Francart, Gary J. Wirth

Atmospheric Monitoring Systems (AMS) utilizing carbon monoxide sensors have demonstrated their superiority over thermal type fire sensors for early fire detection in underground coal mines. After proving their capability and dependability throughout the 1980&apos;s, systems are now evolving and applying new technologies to enhance their effectiveness and reliability. The use of AMS in coal mines which utilize diesel equipment presents unique obstacles. Exhaust gases from diesel equipment not only raise mine ambient CO readings, but also cause numerous nuisance alarms. Both of these conditions reduce the effectiveness of the AMS. New technologies, such as discriminating devices, smoke detectors, and time delays, as well as administrative controls, have been developed and are being utilized to help reduce nuisance alarms produced by the diesel exhaust. This paper will discuss these technologies and administrative controls which are being utilized in coal mines to enhance the effectiveness of the Atmospheric Monitoring Systems. Reference to specific products does not imply endorsement by the Mine Safety and Health Administration.

Jan 1, 1995

By Frank L. Bazzanella

Se presenta una breve introducción de la concentración gravimétrica, incluyendo alguna discusión sobre los minerales mas comunes recuperados normalmente. Se mencionan las consideraciones importantes para el diseño básico de una planta de concentración y se presentan cuatro esquemas de flujo sobre las operaciones más corrientes. Las plantas estudiadas en detalle incluyen: "Climax Molybdenum Co. By-Product Plant" y "Canada Tungsten Ltd. Plant". Las plantas brevernente reseñadas incluyen: "Palabora Mining Co. Uranium Recovery Facility" y "Bridge Hill Ridge Heavy Mineral Recovery Plant of Mineral Deposits Ltd."

Jan 1, 1982

By R. K. Devala

In this paper, numerical approximation schemes, for solution of the mass transfer problem in mine ventilation have been developed by using three implicit finite difference schemes. Results from these schemes have been compared with the analytical solution for spatial and time increments, using the concept of Root Mean Square error. For implicit finite difference schemes, in general, the modified central difference scheme is better than the two other schemes at lower velocity. Also, at lower air velocities, implicit schemes underpredicted the concentration values. At higher air velocities, the Crank-Nicholson and Laasonen schemes provided better results than the Modified Central Difference scheme.

Jan 1, 1994

By Mike L. Aziz, Keith D. Ferguson, Glenda Ferris

The Equity Silver mine has been a severe producer of Acid Rock Drainage (ARD) since 1982. The mine was closed in 1994 and a compacted clay cover installed, but ARD continues to be produced. Three permanent employees manage the collection and treatment system at the site. The site still poses a significant environmental risk to the environment and downstream users and requires a high level of diligence. Various stakeholders&apos; perspectives of the risk posed by Equity, and what constitutes acceptable risk, will be examined in this paper from a company operation staff, corporate environmental manager and downstream environmentalist perspective.

Jan 1, 2000

By Travis S. Wellman, Jon C. Volkwein

The Bureau of Mines conducted a study to assess the impact of a directional water spray system on a unique single inlet dust scrubber on a low profile mining machine. Tests were conducted in a full scale model mine using a Joy 12 CM 10-AA continuous mining machine. Tracer gas was introduced at the face and concentrations of the tracer gas were monitored at the face and in the return. Various parameters included: mining position, depth of cut, brattice setback and combinations of scrubber, directional sprays or symmetrical sprays. Results indicated that either directional or symmetrical water spray configuration improved the ventilation effectiveness of the scrubber by a factor of 2 to 3. Average face ventilation effectiveness (FVE) values for all testing of the scrubber and directional sprays were 0.95, versus 0.37 for a standard 6 m (20-ft) blowing curtain without sprays. No FVE values were less than the standard 6 m (20-ft) blowing results.

Jan 1, 1989

By R. A. Bauer

Investigations of bedrock within subsided areas over abandoned coal mines in Illinois reveal very little disturbance of the bedrock. In areas that have surface subsidence of 0.3 to 1 m (1 to 3.25 ft), examination of cores from exploration drilling and investigations of the boreholes by means of closed circuit television have shown that fractures are spaced at least 0.9 to 3.6 m (3 to 12 ft) apart. They are located within a zone 6 to 15 m (20 to 50 ft) above the collapsed area in coal mines 42.6 to 112.7 m (140 to 370 ft) deep. The dip of the fractures ranges from 25° to 60°, cutting across nearly horizontal sedimentary bedding planes. The amount of fracturing found in the collapsed area decreased as the amount of soft, weak materials increased in the immediate overburden of the mine.

Jan 1, 1987