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The mineral sands industry in Australia can contribute much more sig- nificantly to economic development beyond the year 2000 by increased production of constituent minerals such as ilmenite, zircon, rutile, leu- coxene and monazite from existing and new resources, and especially from downstream processing to intermediate and finished products based on these resources. The end-use areas for mineral sand-based products include those products whose demand is tied to general economic growth, such as paints and plastics, and refractory bricks for the steel industry. High techno- logy applications such as zirconia ceramics and super-magnets are indica- tive of new developments in technology which provide considerable scope for expansion at higher rates than overall western world economic growth. An optimistic outlook for the industry is outlined, based upon a brief review of opportunities.

Jan 1, 1988

By Goodheart B

The Australian Mineral Sands Industry has expanded from the initial export of mixed concentrates in the 1930s, through various development stages, to its current position as a leading world producer of individual mineral products and some further processed products. Opportunities for downstream processing of the separated minerals and locating such developments in Western Australia are reviewed, along with the role of the Western Australian Government in assisting resource development projects.

Jan 1, 1986

By Lyman H. Hart

Some of the significant facts that will affect the supply and demand for metals during the next few decades are given in this presentation. This is important because the only hope for intelligent guidance of the national destiny depends upon presenting a consistent and accurate picture of basic problems. The metals problems now fomenting are only slightly less important than those precipitating the energy crisis. Admittedly, it is difficult to generate serious thinking on this subject when the world is enjoying easy access to all metals at modest prices. This is possible because of the current world capacity to overproduce, and United States credit standing, at least up to now, has permitted buying freely on world markets. Although both these vital conditions are subject to change, there is little doubt that if the U.S. financial house is kept in order, we can muddle along for a while on a generally expanding, metalbased economy. But should our credit standing be permitted to collapse, or should there be a tightening of world supplies of metals, the nation would immediately find itself in trouble. Unfortunately, clear signals indicate that both of these conditions are threatening.

Jan 4, 1973

By Lyman H. Hart

Some of the significant facts that will affect the supply and demand for metals during the next few decades are given in this presentation. This is important because the only hope for intelligent guidance of the national destiny depends upon presenting a consistent and accurate picture of basic problems. The metals problems now fomenting are only slightly less important than those precipitating the energy crisis. Admittedly, it is difficult to generate serious thinking on this subject when the world is enjoying easy access to all metals at modest prices. This is possible because of the current world capacity to over-produce, and United States credit standing, at least up to now, has permitted buying freely on world markets. Although both these vital conditions are subject to change, there is little doubt that if the U.S. financial house is kept in order, we can muddle along for a while on a generally expanding, metal-based economy. But should our credit standing be permitted to collapse, or should there be a tightening of world supplies of metals, the nation would immediately find itself in trouble. Unfortunately, clear signals indicate that both of these conditions are threatening. The metal age started many centuries ago, and with the exception of the noble metals, barely a dent was made in world reserves until the present century. Then, as a result of the pioneering ideas of D. C. Jackling and Paul Gemmel, and the willingness of the McNeals, Penroses and Guggenheims to back ideas with money, a virtual explosion of metal production was propagated throughout the world. It is important to examine the causes of this expansion to determine whether it is a trend that may be sustained or whether it is anomalous and therefore attributable to circumstances not likely to be repeated or continued. This period of plenty is a once only phenomenon. Vast metal resources have been sitting around here for eons, while the world was unaware of or unconcerned with their existence. But when population began to grow exponentially, and ways were discovered to use metals to develop machines to do the work of men and animals, the exploitation of raw materials increased at a staggering rate. And now the realization is dawning that minerals are a wasting asset and are beginning to present supply problems that should begin to be of concern. Two main factors have caused this condition; One is the population growth, and the other is the expanding demand for irreplaceable raw materials as nations become more developed. A group of systems analysts, at Massachusetts Institute of Technology in a book Limits of Growth, has warned that at present rates of population growth and resource consumption together with environmental constraints, a point will be reached within 100 years when the world population will become totally incapable of supporting itself. The authors conclude that this end result could be avoided if a planned equilibrium could be established at a lower rate of population growth and resource consumption. Fortunately, there is evidence that the population problem is moderating. The growth rate in the U.S. has decreased from 2.3% per year in 1900 to 1.1% in 1970. But, even at the lower rate, population will double in 70 years. The world rate is greater, and if it continues, world population will rise from 3.5 billion to nearly 10 billion in 50 years. All of these projections are questionable because the dangers of growing population are now being recognized. A marked decrease in growth rate has been noted in the more developed countries-in fact, it was zero in the U.S. in 1972. The other factor affecting consumption of raw materials is the increase in per capita use of most items as individuals become more affluent. Many economists believe that developing countries such as China and India represent a vast future potential market; but there are others, with whom the author agrees, who believe over-population tends to stagnate development. Nevertheless, it is a fact that vigorously developing societies increase consumption at a rate far above their population growth rate.

Jan 1, 1974

By S. G. Lasky

Editorial writers and convention speakers are inclined to lean hard on certain perennial topics which need a better degree of definition. One of those topics is mineral self-sufficiency. Everyone interested in it ought to adhere to the definitions and absorb the background data set forth here by Mr. Lasky which nails down the subject to talkable dimensions once and for all! Mineral self-sufficiency is a flexible concept-one which changes with both economic and political vicissitudes.

Jan 8, 1961

Gold recovery from refractory ores can be very difficult and complicated depending on the causes of the refractoriness. Typically, a fine wind and/or the oxidation of the gold-bearing sulfide minerals are required to liberate gold from the host rock matrix. Mineral separation techniques, particularly surface¬wettability based separation (i.e., flotation) and magnetic separation, can be used to pre-concentrate the gold and sulfide minerals, or to remove mineral species that are harmful either to the oxidation of the gold-bearing sulfides or to the cyanidation following the oxidation. In this paper, several processes are described, including oil-agglomeration flotation recovery of fine-grained gold and sulfide, reverse flotation of carbonate minerals prior to pressure or bio oxidation, reverse flotation of elemental sulfur after pressure or bio oxidation but prior to cyanide leaching, and magnetic concentration of gold-bearing iron oxides. The integration of these techniques with gold hydrometallurgical processes may make the economic recovery of gold from an otherwise uneconomic refractory ore possible.

Jan 1, 2011

By R. C. Bunge

A magnetogravimetric separation is the consequence of two competing forces with opposing directions, i.e., magnetic buoyancy and gravitation (or centrifugal force). While magnetic buoyancy is a function of particle volume, gravitational force depends on particle mass, thus permitting a separation according to specific gravity. Since magnetic buoyancy is not a phenomenon of common knowledge, this chapter is meant to briefly introduce the theory of magnetogravimetric separations. A particle that is suspended in a magnetic fluid which is exposed to an inhomogeneous magnetic field experiences a repulsive force -the so called magnetic buoyancy. In order to illustrate this effect, an analogy with the more familiar hydrostatic buoyancy is drawn. Hydrostatic buoyancy occurs due to unsymmetrical pressure distribution 'above' and 'below' a suspended particle (fig. 1).

Jan 1, 1990

By Noel W. Kirshenbaum, George A. Pouska, James M. Link

Literally millions of words have been written on the subject of mineral slurry pipelining. The sheer bulk of literature on the subject should be enough to convince the interested observer that the method is both viable and widely applied. It is the intent of this paper to examine typical mineral slurry applications. This examination should reveal the reasons that the slurry system was selected over other transport modes and it should provide a framework for determining the applicability of the technique to new projects. Slurry transport involves the conveyance of solid particles by suspension in a moving liquid. Almost any combination of solids in liquids may be imagined, and the conduit may be an open channel or a closed pipe. Historically, the most numerous slurry transport applications consisted of mineral particles in water. However, current research investigations are emphasizing other liquid carriers, specifically those which have greater economic value. Among these are gaseous and liquid fuels and chemical feedstocks. Another area being investigated involves the use of the pipeline as a chemical reactor system. The long residence time and turbulent flow characteristics of the pipeline make it particularly attractive for certain chemical reactions. Because these new systems involve a valuable liquid as well as a valuable solid, there is increased attention to solid-liquid

Jan 1, 1980

By J. Yianatos, C. Matamoros, F. Díaz

The non-selective entrainment of fine solids in flotation equipment has a detrimental effect on the concentrate grade. Reduction of solids entrainment (upgrading) is typically related with a loss in recovery of valuable minerals. For improving the froth transport characteristics and flotation cells design, a better understanding and quantification of the actual solids drainage and entrainment processes are required. In this work, the study of solids transport in the froth of a two-dimensional flotation cell was performed. The prototype cell represents a radial section of an industrial flotation cell (130m3) and was operated at steady state. Experimental tests consisted of adding a small amount of radioactive solid tracer (0.3g) near the top-of-froth or near the bottom of froth (close to the interface). The solid was selected as a non-floatable mineral (gangue) in order to evaluate both the solid entrainment into the concentrate as well as the solid drainage into the collection zone. Solid tracer consisted of fine or coarse gangue particles, P80 of 35 and 120 µm, respectively. Twelve collimated sensors located along the froth and collection zones allowed the evaluation of the solid transport in the froth, and the solid drainage from the froth to the collection zone, after tracer addition at different distances from the discharge lip. Results showed that longer distances to the froth discharge lip, as well as higher particle sizes, promotes higher solid drainage from the froth to the pulp zone, while decreasing the solids entrainment into the concentrate. The same result was observed for the solid located near the top-of-froth as well as near the bottom of froth. This information was complemented by the froth surface velocity measurements, using the Visiofroth system, showing a good agreement between the froth bubbles velocity and the solid transport velocity, measured near the discharge lip.

Jan 1, 2018

By Kung-Ping Wang

The mineral potential of the Far East, important to the United States for tin and tungsten as well as other minerals, is set forth in this first installment of a two part article by a specialist in the Far Eastern field. In this installment the mineral and resource picture of China, Japan, Korea, and Formosa are discussed. The second installment, in December, will cover Hong Kong, Indo-China, Thailand, Burma, Malaya, Indonesia, the Philippines, and British Borneo.

Jan 11, 1951

By Kung-Ping Wang

This is the second installment of two-part article on the Far East. The mineral situation in Hong Kong, Indo-China, Thailand, Burma, Malaya, Indonesia, the Philippines, and British Borneo is covered.

Jan 12, 1951

By I. Yaniv

The magneto-hydrostatic method can be used today to separate slightly magnetic or non-magnetic particles according to differences in their specific gravities and magnetic susceptibilities. The classical approach is to effect stratification prior to separation. This paper discusses some of the significant parameters which bear on the design and pattern of the expected stratification in the separation cell. As the characteristics of the magnetic field, and consequently those of the magnetic forces, are determined by the geometry of the poles, this subject is treated first. In this context a new approach, whereby the range of stratification is extended, using positive as well as negative gradients, is presented. Finally, the effect of the relative size and shape of the particles on stratification is discussed.

Jan 1, 1978

By Sheldon P. Wimpfen

Under the Wilderness Act of 1964 and the accompanying House Conference Report, the Geological Survey and Bureau of Mines are charged with the responsibility of making recurring mineral studies of wilderness and wilderness candidate areas in national forests within and proposed for the National Wilderness Preservation System. The Wilderness Act, a major shift from the multiple-use concept of national forests, identified for the first time the value of mineral resource information in decisions for single-use designation of public lands. This concept was further realized when the Secretary of the Interior in May 1974 recommended that mineral studies be made prior to wilderness recommendations for five large Interior-managed game ranges and the Glacier Bay National Monument aggregating 7.8 million acres. Presently, our studies have been completed on 126 wilderness and proposed wilderness areas totaling 15.4 million acres in the national forests. In 1973, 1 year in advance of the act's 10-year review deadline, we completed the 34 primitive areas, originally the only potential additions considered by the 1964 Act.

Jan 1, 1975

By David B. Brooks

INTRODUCTION Resources are not; they become (Zimmermann 100) . The companion concepts of reserves and resources appear, one way or another, in almost all considerations of mineral supply. Yet, no other concepts in the economics of the mineral industries have occasioned so much confusion. Whereas everyone agrees that in general the terms refer to the amounts of material that-depending upon technology, market conditions, and institutions-will become available for production in the near or more distant future, the apparent agreement disappears when we come to more specific definitions or to application of the definitions. Some definitions emphasize the physical aspects of reserves and resources, while others emphasize the economic. Some treat reserves and resources as fixed quantities, while others regard them as continually varying. Some consider that reserve and resource estimates have validity only for individual deposits, while others insist that they can be measured with sufficient accuracy for regional or national planning. This confusion in concepts that lies at the very heart of mineral economics is both strange and not so strange. It is common in the social sciences to find concepts that have been adopted into scientific jargon from popular usage and given rather special meanings -at the same time that they continue to be widely used without such qualifications. Psychologists have the same trouble with personality and sociologists, with community. Nevertheless, an attempt must be made to straighten out the various meanings of reserves and resources, or at least to clarify the conditions under which different meanings are applicable, before much progress in analysis of mineral problems can be expected. That is the objective of this chapter. Throughout the chapter, an attempt has been made to provide enough references to guide the interested reader to the most pertinent works on the concepts under study. However, even in a review article, it is no longer feasible to provide a comprehensive set of citations; there are simply too many. In many instances the works cited will themselves include the bibliographies needed to complete a literature search; those that are particularly useful in this respect are so noted. Also, because of the limited availability of foreign periodicals, some important works -originating largely in Canada, France, the

Jan 1, 1976

By R Dimitrakopoulos, C Paduraru

The optimisation of mine complexes and related value chains is a challenging problem due to the simultaneous presence of a highly-dimensional decision space, integer decision variables, non-linear constraints and recovery functions, as well as geological and market uncertainty. In addition, if the uncertainty is revealed progressively, then decisions need to continuously adapt to new information, which poses additional challenges. Stochastic dynamic programming is a well-known class of methods for addressing problems where a decision-maker reacts to new information. While simplistic applications of dynamic programming using exact representations would be intractable for any realistic mine planning problem, new dynamic programming methods using approximate value function representations have been successfully implemented in the past to address problems of similar complexity. This work formulates the problem of mine complex optimisation as an approximate dynamic program and presents an application of the resulting method to a gold-copper deposit.CITATION:Paduraru, C and Dimitrakopoulos, R, 2014. Mineral supply chain optimisation under uncertainty using approximate dynamic programming, in Proceedings Orebody Modelling and Strategic Mine Planning Symposium 2014 , pp 415–422 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 24, 2014

By Kumara S. Rachamalla

Long-term stability, appropriate taxation and incentive policies are essential to attract and stimulate investment in the mineral sector. An outline of Ontario's $4.6 billion industry and associated tax incentives is presented. Producers are offered incentives under The Mining Tax Act, federal and provincial income tax acts for exploration and development by reducing Me after tax cost to 13-25¢ for each dollar spent. The Mining Tax Act provides generous processing incentives which have positive effects in enhancing investment and economic advantages of building processing facilities. Non-mining companies and entrepreneurial individuals can receive 25% of eligible exploration expenditures in grants/tax credits under the Ontario Mineral Exploration Program.

Jan 1, 1982

By Seymour Fiekowsky, Alvin Kaufman

Taxes are compulsory charges levied by a government for its support. They are usually paid to support the general services provided by government rather than special services (such as safety inspection). The latter are normally supported by user charges often called license fees. Taxes are used by national governments not only to raise money but also as a part of fiscal policy. As such, taxes are used to stimulate or deflate the economy, as an incentive to save or invest, as a means of allocating national resources, and as a means of redistributing income. In our discussion, we will deal only with those facets of the subject that relate specifically to the mineral industry. In doing so we will deal with taxes levied on all industry in a generalized way and only insofar as it affects our industry, but at some length on those portions of the tax system related directly to the mineral industry. It is not our intent to provide a "cookbook" for computing taxes, but rather to present some of the policy issues that bedevil those who must develop our tax policies. MINERAL TAXES The mineral industry is subject to the full range of taxes levied by governments. These include taxes on income, property, and sales, as well as excise and severance taxes. The latter are somewhat similar to a royalty in , that such taxes are levied either ad valorem or per unit of output. Severance taxes most commonly are charged to oil and gas output, although coal, salt, sulfur, and iron ore production also have been taxed in this manner. The major governmental advantage of the severance tax is the administrative ease of collection. On the other hand, it poses an addition to cost independent of profitability. As a consequence, the severance tax can cause premature abandonment if mineral product prices do not rise sufficiently to cover it. Such a rise may not occur if differential tax rates are levied by the various states. Property taxes normally are levied on all property owners, including mineral owners. The major difficulties in this kind of tax, in so far as mining is concerned, are erratic valuation coupled to the inherent problems involved in assessing a property where the extent and richness is chiefly unknown. The impact of these taxes, including state income taxes, is reduced somewhat, as they are usually deductible from gross income as a business expense with a consequent lowering of national income taxes. The net cost of severance, property, sales, and state or local

Jan 1, 1976

By Northcutt Ely

This chapter deals with the systems of laws by which governments regulate the exploration for and production of the minerals within their jurisdictions. It is a summary, restricted by necessary space limitations, of material assembled by the author for a publication of the United States Bureau of Mines, "Summary of Mining and Petroleum Laws of the World," (Information Circular 80 1 7, 196 1. ) The present study is organized in three parts, dealing with (1) the historical background of these legal systems, (2) laws of the United States, and (3) laws of other countries of the world. The reader's attention is invited to the acknowledgments at the end of the chapter, which inadequately express the appreciation due those who have assisted in the collection of this material. Part I. Historical Development of Major Western Systems of Land Tenancy with Respect to the Ownership and Control of Minerals The use of metals in primitive societies was largely confined to the manufacture of weapons for self-preservation. The ruler's control over copper, then bronze, then iron, was essential to maintenance of his own ascendancy at home and his group's position against neighbors who had access to similar metals. Ancient societies were thus characterized by the ruling group's ownership of minerals and metals. The Egyptian civilization, which emerged in the fourth millenium B.C. upon the agricultural subjugation of the lower valley of the Nile, was responsible for extensive development of the upper valley as a source of mineral wealth. The production of gold during the height of that civilization has been estimated at $30,000,000 per year, thus equaling the early placers of California and Australia. The mines of Egypt were the property of the Pharaohs and were controlled at their direction. Greek mining developed a different scheme of land tenancy which more closely resembled modem concepts. Development of mineral resources was

Jan 1, 1964

By Northcutt Ely, Charles F. Wheatley

This chapter deals with the systems of laws by which governments regulate the exploration for and production of the minerals within their jurisdictions. It is a summary, restricted by necessary space limitations, of material assembled by the author for a forthcoming publication of the United States Bureau of Mines, "Summary of Mining and Petroleum Laws of the World." (Information Circular, 1959.) The present study is organized in three parts, dealing with (1) the historical background of these legal systems, (2) laws of the United States, and (3) laws of other countries of the world. The reader's attention is invited to the acknowledgments at the end of the chapter, which inadequately express the appreciation due those who have assisted in the collection of this material. Part I. Historical Development of Major Western Systems of Land Tenancy with Respect to the Ownership and Control of Minerals The use of metals in primitive societies was largely confined to the manufacture of weapons for self-preservation. The ruler's control over copper, then brass, then iron, was essential to maintenance of his own ascendancy at home and his group's position against neighbors who had access to similar metals. Ancient societies were thus characterized by the ruling group's ownership of minerals and metals. The Egyptian civilization, which emerged in the fourth millenium B.C. upon the agricultural subjugation of the lower valley of the Nile, was responsible for extensive development of the upper valley as a source of mineral wealth. The production of gold during the height of that civilization has been estimated at $30,000,000 per year, thus equaling the early placers of California and Australia. The mines of Egypt were the property of the Pharaohs and were controlled at their direction. Greek mining developed a different scheme of land tenancy which more closely resembled modem concepts. Development of mineral resources was

Jan 1, 1959

By B. Berhe, R. D. Lawrence, J. Hinzer

"The fortunes of mining companies and their implied value are tied to cycles - both economic and commodity – within which they operate. Hence the determination of appropriate future metal prices is one of the most critical factors faced by mineral valuators especially for advanced projects. Price, and hence revenue, is usually the most sensitive input to the valuation model. Empirical studies of past forecasts show that the success rate for commodity price forecasting is very poor. This paper explores various approaches and comments on their strengths and weaknesses. We conclude that careful evaluation of long-term metal prices is a key element and is hardly a luxury that can be left to simple averages or rules of thumb. INTRODUCTION Discounted Cash Flow (""DCF"") analysis, is well suited for the valuation of advanced mineral development assets, for which there are identified mineral resources and some form of economic assessment (Pre-Feasibility or Feasibility Study). The DCF method is also the most commonly used method for determining value for such assets. It provides a means of relating the magnitude of expected future cash flows from profits (or losses) to the magnitude of the initial cash flow (investment) needed for capital expenditures to purchase or to develop an asset for commercial production. The method proves useful in making investment decisions as it allows for the quantification of the Net Present Value (“NPV”), as well as the Internal Rate of Return (IRR) and Payback Period on initial investment capital. Valuation by its very nature is a forward-looking exercise. The DCF method attempts to estimate the NPV of expected future cash flows, by selecting factors that will likely affect future cash flow based on informed analysis. One of the most critical and sensitive factors is the determination of appropriate future commodity prices. “The variables that have the greatest impact on a DCF evaluation are the reserves, the metal prices, and the discount rate.”1 The determination of future commodity prices for valuation purpose or during M&A negotiations is a hotly contested issue. There are a number of analysts, institutions and specialized commercial data suppliers that provide both short and long-term commodities price forecasts. Also, the use of an aggregated mean for all available forecasts, or consensus forecasted prices for valuation purposes is not uncommon. The methods used in making forecasts for each forecaster may vary and in many cases may not be publically disclosed. Nonetheless, the aggregated mean of all forecasted commodity prices of reputed institutions is usually taken to “represent the market’s view of likely future commodity prices.”"

Jan 1, 2016