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Resources and reserves are critical inputs into the determination of an operating mineÆs financial results and balance sheets, but how well understood is this fact. Do the investors, directors, accountants and geologists/engineers responsible for preparing or relying on relevant aspects of the end results properly understand the inputs and outputs and the associated risks that may be established. The first step is to understand how financial reports are impacted. The most obvious, and best known, impact is in the calculation of depreciation and amortisation charges against long term assets. In addition, however, there is a requirement to regularly determine whether asset book values are impaired û this is nearly always performed globally by the preparation of a discounted cashflow model for a mine which is usually based on a mine life as determined from the resource and reserve statement û the particular driver here is normally the short and long term production plans. A key aspect of the short term production plan is that it would normally not assume that the reserve and resource statement implies consistent grade, stripping ratios, etc. However, outside of the early years of a plan, more generic assumptions of these variables are often made in conjunction with the reserve and resource statement. Depending on the timeframe of the detailed production plans, this can have a large impact on a projectÆs net present value. Other financial balances that may also be impacted include restoration and rehabilitation provisions, retrenchment provisions and deferred or equalisation stripping accounts. The age old question of whether all reserves should be used or whether some or all of the resources should be included for financial reporting purposes has never been adequately resolved. It is our view that there should be no prescriptive answer to this question but judgement of all professionals involved in the process needs to be included. Furthermore, the company needs to be able to support their conclusions with well thought out and appropriate answers. This may not be in line with the approach that certain accounting standard setters may be proposing or taking, and this paper will outline the current status of global requirement and the likely future directions. Whether reserves or resources are utilised, does not change the key requirement that those preparing or using reserve and resource statements need to understand key aspects. For example: geologists/engineers do they know how reserves or resources will be used? have they imparted information on variability of key drivers such as grade or depth or dilution? do they know that major financial/business altering decisions may be made based on the analysis? accountants do they understand where the numbers have been derived from and the assumptions that may have been made in their determination? do they understand the degree of accuracy (or inaccuracy) that may exist particularly with resources)? do they understand the history of resource reconciliations and what it may mean for the future? directors do they understand the processes undertaken by the company to prepare the financial report and the interaction between the geologists/engineers and accountants? do they understand the potential sensitivity of results to the input variables? Financial reporting is extremely reliant on the use of the reserves and resources, however, the geologists/engineers, accountants and directors do not always understand the interactions between themselves which may lead to misleading public reporting. More education and communication between various parties is needed.

Jan 1, 2002

By D. W. Hendriks, C. Daoust, K. V. Konigsmann

"The concentrator of Mattagami Lake Mines Limited commenced operation in 1963. It had been designed with instrumentation proven at that time. New control techniques were added in subsequent years.An on-stream X-ray analyser was installed in 1968. It provided circuit analyses for six years without the aid of a computer. In late 1974, control of the flotation circuit by computer was incorporated into the system. Flotation efficiency improved considerably, zinc"" recovery increased by one percentage point and concentrate grade by four-tenths of a percentage point. Reagent costs decreased modestly through reduction of copper sulphate consumption."

Jan 1, 1976

æSustainabilityÆ is one of those words that has gained more usage in popular discourse than in the dictionary. In fact it is not in many dictionaries at all. Typically, given this, it also seems to mean different things depending on whose lips it emerges from. It is now like a code word in that if people say it, you donÆt have to think about its meaning; it is just æthereÆ and is taken for granted. This is a problem for the mining industry as we are now using the term too and to be effective in what we do, we need to have a reality check and see how those outside who have views on us (æstakeholdersÆ maybe) use it. The core issue seems to be æsustainability of whatÆ: the industry?, a company?, the global environment?, particular ecosystems?, the community? At these levels, the term seems almost meaningless. If we do not even agree on what it is, at least broadly, our communication and possible partnerships for going forward will be difficult to say the least. One reference to æsustainÆ in my thesaurus is: æTo keep from failing during stress or difficultyÆ. This may be a clue to something approaching a common notion. I suggest that to use æsustainabilityÆ we make the following assumptions:that we are talking about human activity aimed at making a living that has an impact on the natural and social environment; that humans must make a living (though what this needs to include is problematic); that the impact of particular activities has been problematic to date and needs to be monitored, altered, stopped, etc; that there is stress on both social and natural environments; and that change can be effected in order that particular activities such as mining minimise their negative effects and maximise their positive. This is why we are taking part in sessions such as this one today. Two more initial observations: First, it strikes me that even with the above assumptions laid out, æsustainabilityÆ and æsustainable developmentÆ are too abstract and general as concepts. We have to break these high and mighty ideals down into workable, bite-size chunks, into practical ways of dealing with the world outside our sites and companies. Second, sustainability, on both sides of the fence, too often focuses on nature and environment as though they are independent of people and community. I would argue, perhaps provocatively, that sustainability is primarily a people issue and has to be tackled as such. I want to look at the overall climate for business today and how it has responded before I return to what we can and need to do as the mining industry to make æsustainabilityÆwork.

Jan 1, 2002

I want to explore whether it is valid or even useful to talk about sustainable corporations. After 20 years of focus on sustainable development, the concept of a sustainable corporation is not particularly helpful and it may in fact be profoundly misleading. Why? û because it obscures the need for corporations to be recognised as part of a sustainable society, rather than achieving some kind of corporate nirvana divorced from the social, political and environmental reality. It is more helpful to ask whether corporations are ready to recognise that they are one player among many within society û with the demands this would place on them in terms of transparency, accountability and social responsibility. The achievement of sustainable development has become the new corporate orthodoxy of many large corporations. It has become a clichT to argue that corporations must become æsustainableÆ. The achievement of æsustainabilityÆ is encouraged, as the ultimate step in some form of corporate evolution. We are failing to recognise that sustainability a process û not an end in itself. An enormous array of instruments is being developed to measure when sustainability is or is not being achieved. For example, corporate reporting has burgeoned into an art form, which describes æsustainabilityÆ in a variety of ways. There is no external standard applied to such reporting. These descriptions are quite partial and often place the best possible gloss on the companyÆs activities. I have become increasingly uneasy about this rhetoric and this paper has allowed me the luxury of sorting out my unease. I will discuss, largely in the Australian context, the current debate and literature and describe the way some global mining corporations are dealing with these questions, and finally, offer some suggestions which might be helpful at the operational level.

Jan 1, 2002

By G. Norman Owen, Roger E. Scholl

INTRODUCTION The analysis and design of underground structures to resist vibratory motion due to earthquakes has been of interest to engineers for several decades. The dynamic stability of a powerhouse cavern was considered in the 1960s (Campbell and Dodd, 1967). About the same time, the designers of the San Francisco Bay Area Rapid Transit system developed procedures for analyzing the subaqueous tunnels placed under San Francisco Bay and the tunnels excavated along the land portions of the alignment (Kuesel, 1969). Japanese designers developed fairly sophisticated procedures for analyzing subaqueous tunnels during the late 1960s and early 1970s (Kuribayashi et al., 1974). In the past decade, proposals to site important critical underground facilities in regions with moderate to high seismic activity have increased the interest in earthquake engineering of underground structures. Seismic designs or seismic studies have been conducted for rock caverns for storage of petroleum or location of power plants (Yamahara et al., 1977; Glass, 1976), buried tanks for fuels or rad¬ioactive waste (Fukushima et al., 1977; URS/Blume, 1976), tunnels for disposal of nuclear waste (Yanev and Owen, 1978; Wahi et al., 1980), and urban mass transit tunnels (Monsees and Merrit, 1984). One of the greatest drivers of the interest in seismic analysis and design of underground structures has been the proposals to dispose of high-level nuclear waste in mined repositories some 300 to 600 m (approximately 1,000 to 2,000 ft) below the ground surface. In 1979, the authors, in conjunction with Professor Tor Brekke, presented a paper on an evaluation and design procedure used in a study of a proposed nuclear waste repository (Owen, Scholl, and Brekke, 1979).

Jan 1, 1985

By Masaki Kitazume

Deep mixing method, in-situ admixture stabilization technique, has been developed and adopted for on land and marine construction works in Japan. The geotechnical design procedure of the method has been standardized in Ministry of Land, Infrastructure and Transport Government of Japan for port and harbor facilities, which includes the block type and wall type improved grounds for foundation stability, settlement reduction purpose. This procedure is based on the allowable stress concept, in which the induced stresses within the improved ground are confirmed to be lower than the allowable strength in the internal stability calculation. This procedure has been cited by several organizations to establish their standards. The Ministry has a plan to introduce a reliability based design for marine construction works in 2006, in which the design procedure on DM improved ground will also be modified to the reliability based. In the new design procedure, the average and variation of soil parameters and external loads are incorporated by partial safety factors to investigate the stability of improved ground. According to the plan, the author has been studied the design procedure and the magnitude of partial safety factors, and has established a preliminary draft of the standard. This draft will be brushed up through comparing the current design procedure. In this article, the design concept and design procedure of the method are briefly described.

Jan 1, 2004

By Fred N. Kissell

This U.S. Bureau of Mines report is a guide for the control of air contaminants during tunnel construction. Topics discussed are calculating air quantity requirements, types of ventilation systems, planning ventilation systems, control of methane gas, control of dust, control of diesel emission, ventilation to remove blasting fumes, measuring airflow, and measuring gases. This report does not provide detailed design information, but seeks to answer practical questions on air contamination issues.

Jan 1, 1995

Minerals are vital to any industrialized civilization. Annually, the United States uses more than 4 billion tons of new mineral materials, or about 40,000 pounds per person-about half being mineral fuels and the other half being metals and nonmetallics. Stable and economic domestic mining, mineral, metal, and mineral reclamation industries are essential to the economy. The value of United States energy and processed materials of mineral origin exceds $200 billion annually. Although a number of minerals are imported, especially some designated as "strategic and critical," most U.S. mineral supplies are derived from the domestic mines and processing facilities that you will be seeing, reading about, and visiting as you use this visitor guide. We hope you enjoy your experiences. This pamphlet, a guide to mining and mineral operations that may be observed or visited and some other points of interest relating to minerals, is intended to aid tourists and students who are interested in mining. Some may wish to study our Nation's romantic past; others may plan to enter the minerals industry as a career; still others may have a primary interest in conservation practices. The pamphlet is also intended to aid State and local officials, Chambers of Commerce, and mining firms in answering some of the many questions of tourists and students.

Jan 1, 1976

By Ernest W. Johnson, F. E. Cash

"INTRODUCTION Mine operators have long realized the importance of providing a satisfactory and dependable means of giving prompt warning to underground mine workers at the occurrence of a mine fire or other threatened disaster.Most underground mines of the Lake Superior district are prepared to inject a stench liquid into the compressed-air system quickly to give such warning. The liquid evaporates quickly and gives off an intense and easily recognizable odor even when present in minute quantities in the mine air. Workers in the mines studied have been fairly generally familiarized with the odor and instructed as to evacuation procedure when the warning odor is detected.In some mines provided throughout with electric lighting, including working faces, a prearranged light-flashing signal is given as a warning supplementary to that received from the stench.In a few mines, workers have been instructed to evacuate the mine immediately in the event the compressed-air supply is cut off, regardless of whether mechanical failure may be involved.Information obtained in observing a number of stench-injection tests is compiled and presented in the hope-that it will serve as an incentive to provide means of making stench injections at mines not now so equipped and for making similar tests at other underground mines, so that in case unsatisfactory results are obtained rectifying adjustments or changes may be made in time. It is further hoped that this paper will bring out the real importance of repeating these tests from time to time, at least once a year on each operating shift, so that in the event of an actual emergency, underground employees will receive a prompt warning."

Nov 1, 1945

By M. H. Thomas

Ante la baja perspectiva en el aumento del petróleo, se replanteó el uso del combustible carbonáceo donde los beneficios económicos para cada usuario serán importantes, debido al costo considerablemente menor del carbón en comparación con los costos del petróleo. En ese sentido, el presente texto señala los factores económicos, costo de combustible, costo de capital para la central, factores políticos, la planta de combustión y manejo del carbón, generación de energía y las industrias del proceso para la revaloración de este combustible.

Mar 1, 1984

By Xuanxue Mo, Zengqian Hou

"Abstract -Yidun Island Arc in Sanjiang Region is one of the important Kuroko-type volcano­ genic massive sulfide deposits (VMS) districts in southwestern China. Tectonically, the region is situated in the eastern portion of the Tethys orogenic belt, and is a late Triassic extensional island-arc. The island-arc underwent earlier arc construction, intra-arc rifting, later arc construction and back­ arc spreading during its evolution and formed a complete trench-arc-basin system, i.e., the Ganzi­ Litang suture zone, forearc basin, outer arc, intra-arc rifting zone, inner arc and back-arc basin from east to west across the island-arc.Kuroko-type VMS deposits and occurrences discovered so far are limited to within the intra-arc rifting zone of the Yidun Island Arc and tend to occur in groups or clusters distributed in separate fault­ bound basins; e.g., Zengke, Gacun and Xiangcheng basins, in which submarine volcanic rocks, especially bimodal volcanic suites, were extensively developed. The VMS deposits formed in the waning stages of volcanic eruption in the late Triassic and are hosted in the uppermost section of acidic volcanic rocks (rhyolitic-dacitic) within a bimodal suite. The orebodies are associated with these host rocks: rhyolitic-dacitic pyroclastic rocks and exhalites and chemical sedimentary rocks.Ali VMS deposits in Sanjiang are of the Zn-Pb-Cu type. The architecture of the deposits is two­fold, consisting of concordant lenses and layers of massive sulfides and an underlying discordant stockwork. Ali deposits show metal zoning. The hydrothermal alteration related to mineralization is strong and asyrnmetrical, and is found dominantly within the stockwork zone and host rocks surrounding the ores. There are two alteration patterns: (1) chloritization - sericitization - silicification from outer sides to core of the alteration pipe; and (2) silicification + sericitization - silicification + carbonate from the lower to upper part of the alteration pipe_The mineralization temperatures of ore-forming fluids vary in the range 200°C to 335°C. Thermal evolution of the fluids displays temperature profiles that first increase and then decrease with progression of mineralization processes. The majority of black-ore minerais (Groups I and II) formed during intensifying stages of hydrothermal activity, and the majority of serni-yellow-ore minerals (Group III) formed during a thermal maximum . There followed the formation of fine-grained black-ore minerals (Group IV), which interacted with barite layers during decreasing temperature phases.Oxygen and hydrogen isotope studies show that the sources of ore-forming fluids for the Kuroko­ type VMS deposits are two-fold: seawater and magmatic hydrothermal solutions, represented by the Kuroko deposits in Japan and Kuroko-type VMS deposits in Sanjiang, respectively. In the latter case the hydrothermal solutions reacted with host rocks and mixed with cold seawater percolating downward, and circulated through volcanic rocks resulting in development of alteration zones and formation of ore minerals in Kuroko-type VMS deposits."

Jan 1, 1993

By J. F. Childs

"INTRODUCTION Comprehensive overviews of the world-class talc deposits and related prospects in Montana were published by Olson (1976) and by Berg (1979). Both of these compilations include detailed descriptions and maps of the talc deposits and occurrences and were followed by a regional map and summary descriptions of the talc deposits published by Van Gosen et al. (1998). More recent publications, descriptions and field guides for some of the deposits include Underwood et al. (2014), Cerino et al. (2007), and Cerino (2002). The present paper focuses on some of the more recent ideas regarding talc formation that have developed since the publication of the earlier overviews. Olson (1976) reported that talc production from the deposits in southwestern Montana was over 200,000 tons in 1974 and that talc production had doubled between 1969 and 1974. The last year for which the U.S. Geological Survey published production records for talc by state was 1993. Production in Montana in 1993 was 350,000 tonnes (Virta, 1994). Remaining reserves are substantial at all three of the producing mines in the district. Minerals Technologies Inc., the parent company of Barretts Minerals Inc., stated in its 2014 annual report that it has reserves of 2,791,000 tons of talc. Imerys stated in its financial report for 2014 that it had 19,638,000 tons of proven and probable talc reserves at its North American mines. Although the Imerys reserves were not reported by individual mines or states, a large proportion of the total reserves would likely consist of the reserves at the Yellowstone mine, located south of Ennis, Montana. Talc mined in southwestern Montana is of high purity and is the quality used in a wide variety of applications including paints, ceramics, plastics, rubber, coatings, agriculture, cosmetics, and pharmaceuticals. GEOLOGIC SYNOPSES FOR MAJOR MINES AND COMMENTS ON REGIONAL DISTRIBUTION OF TALC OCCURRENCES The general geology of southwestern Montana is shown in Figure 1along with the locations of the three producing talc deposits in the area and the extent of pre-Belt marbles that host all of the talc mines and prospects. The term “pre-Belt” is used in the present paper because zircon and other radiometric data developed in recent years indicates that the metamorphic rocks that form the crystalline basement for the middle Proterozoic Belt basin in the Dillon Tectonic Block of southwestern Montana includes both Archean and Paleoproterozoic rocks (O’Neill et al., 1996; Foster et al., 2006; McDonald et al., 2012). An envelope or “corridor” has been superimposed on the geology in Figure 1 which encompasses all of the talc deposits that have a significant resource. This “talc corridor” will be discussed in later sections of this report. The more important talc deposits are discussed in this report section."

Jan 1, 2016

By Bruce A. Kuyper

Routine core drilling at the Cove deposit failed to confirm gold-silver grades and length of intercepts observed in reverse circulation drilling. A drilling program was designed to ascertain whether the disparity was due to problems with reverse circulation drilling techniques, core drilling techniques, or the erratic nature of the gold-silver mineralization. Special sampling devices and core drilling methods were employed. Data obtained from core-reverse circulation twins showed that down-hole contamination during reverse circulation drilling accounted for much of the variation between reverse circulation and core drill results. Down-hole contamination occurred as a result of high ground-water inflows eroding friable vein material from hole walls.

Jan 1, 1991

By Jos. R. Guiteras

This is one of a series of information circulars describing mining and milling methods being published by the Bureau of Mines. The Summitville Consolidated Mines, Inc., is the only company now active at Summitville. Since the holdings of the company include those of most of the former producers of the camp, the paper virtually becomes a description of the Summitville district. The field data were collected from August 23 to 28, 1937. ACKNOWLEDGMENTS The writer gratefully acknowledges his indebtedness to H. F. Detrick, president, and Edward Thornton, general manager of the company for their cooperation in making this paper possible. Most of the information on underground operations was given by Roy Jellison, mine superintendent; the metallurgical data were supplied by Art Carl son, metallurgist, and W. L. Anderson, mill superintendent; much general and technical information was supplied by J. H. Hannan, engineer.

Jan 1, 1938

By Benjamin C. Pollard

The location and production potential of a large block of strippable reserves in North Dakota were determined by using published data as a base and adding new drill hole data or other data contributed by companies that presently own or lease coal lands. Only beds exceeding 5 feet in thickness, under less than 120 feet of overburden, and in large blocks of 5 million tons or more were included in the estimates. All such reserves are in the Fort Union Formation of western North Dakota and are lignite in rank. Sixteen large blocks of reserves evaluated in this study are estimated to contain a total of 4.1 billion tons of strippable lignite.

Jan 1, 1972

By Donald Mc Laughlin

El presente texto revisa los antecedentes y la capacidad metalúrgica para la instalación de una planta de fundición. Para ello, se revisa la fuerza metalúrgica, coke metalúrgico, inversiones, mano, capital de trabajo, producción y rendimientos, balance económico, efectos de las fluctuaciones de precios en el balance, económico financiación, fertilizantes y ventajas de la central metalúrgica.

Jan 1, 1959

By Nikhil Dhawan, SHAILA MIR

The emerging problem of electronic waste has promoted the interest in exploring metal recovery from secondary sources under the umbrella of urban mining. This study presents the physical and chemical characterization of various components present in end-of-life laptops to help ascertain the sites of metallic values and develop sustainable and environment-friendly recycling. The recycling potential of a laptop is evaluated by sequential disassembly, separation, and characterization of components such as body (49.8 wt.%), printed circuit board (9.7 wt.%), hard disk drive (4.9 wt.%), and battery (12.4 wt.%). The printed circuit boards comprise metallic values, majorly copper (25 wt.%), tin (5.8 wt.%), and lead (3.1 wt.%). The precious metals (Au, Ag) with an economic advantage are abundantly present in electronic components such as integrated circuits, capacitors, resistors, and processors. Critical elements such as lithium, cobalt, and rare earth elements are detected in the discarded laptops' batteries and hard disk drives. The recycling potential representing the amount of material that can be recycled in various components, depending on the type, concentration, and purity, is determined in the range of 36–100%. On average, a unit laptop contains~ 386 g of Cu (14.45 wt. %), 49.73 g Co (1.86 wt. %), ~346 mg Ag, ~141.2 mg Au, ~650 mg of rare earth elements (Nd, Dy). This study presents a database for investigating integrated and economical recycling techniques from different components of a laptop, and an overall process flow is also proposed.

Jul 24, 2021

By Congcong Chen, Bo Ma

When assessing the safety of a tailings dam, the constant weight method (CWM) is one of the most commonly used methods. However, when the evaluation indicator value suggests serious defects, the evaluation value is often inconsistent with the actual situation. To address this issue, the variable weight method (VWM) is introduced to assess the safety of the tailings dam. Initially, a three-layer indicator system for dam failure safety assessment is built, and individual indicator values are divided into four grades. Then, an appropriate state variable weight function is constructed and relevant parameters are determined. Finally, a case study is illustrated to verify the effectiveness of the model. The assessment results of the VWM more closely represent the actual situation than that of the CWM, which is more helpful for decision makers and technicians to take scientific and reasonable precautionary measures, thereby improving the safety management of the tailings pond.

Oct 8, 2022

By F. J. Reichhardt

Abstract -The Molopo Farms Complex is a major, layered ultramafic/mafic, early Proterozoic intrusion which is totally covered by sediments of the Karoo and Kalahari Formations and situated in southern Botswana and northeastern South Africa. The approximately 3000 m thick, generally fine- to medium-grained ultramafic and mafic cumulates are intrusive into equivalents of Transvaal Supergroup sediments and lavas. Multiphase deformation resulted in tilting and segmentation of the Complex into individual tectonic blocks. Sr isotopes document at least two chemically distinct parental liquids which interacted in a complex manner to form an approximately 1000 m thick rhythmically layered succession which straddles the ultramafic/mafic boundary. Repeated mixing resulted in a complex cryptic layering pattern and numerous sulfide-enriched layers which contain significant PGE +Au concentrations.

Jan 1, 1994

By A. J. Kraemer

"Introduction In 1925 the Bureau of Mines published as Technical Paper 346 a discussion of typical crude oils of the Western Hemisphere. That paper was one of a series of surveys of typical crude oils, and was the first of these to deal with properties of crude oils from countries other than the United States. The paper contains comments, tabulated data, and individual analyses of crudes typical of the producing districts of Canada, Mexico, Trinidad, Venezuela, Argentina, Colombia, and Peru; for comparison, it also has analyses of typical crudes from the chief producing districts of the United States.The Bureau of Mines undertook a study of foreign crude oils for two reasons: First, foreign fields are potential sources of supply for the United States; in fact, considerable quantities of some foreign crudes have already been imported. Second, these oils are very similar in physical and chemical properties to oils found in the United States, and a study of these resemblances has scientific value.After the publication of Technical Paper 346, the attention of the Bureau was called to the fact that the two analyses of crude oil from Venezuela which appeared in that paper were not completely representative of the production of that country. Samples of other types of oil were procured through the cooperation of Mr. R. Ogarrio, manager of the Texas Petroleum. Co., Huston, Texas, and officials of the following companies operating in Venezuela; British Controlled Oilfields, Ltd., Venezuelan Oil Concessions, Ltd., Creole Syndicate, and Venezuelan Gulf Oil Co.. Samples were collected and dispatched by Mr. D. 3. Park, representative in Maracaibo, Venezuela, of the Texas Petroleum Co. The value of the interest and cooperation of these agencies in obtaining the samples is gratefully acknowledged."

May 1, 1927