Search Documents

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By Terry Braden

"Meeting probable world mineral demand in the years ahead will almost certainly require an ability to economically treat lower grade and more complex ores. Achieving this will require extensive research and technical development across the full spectrum of mineral processing.For mid-sized or smaller companies the most effective way to participate in such extensive programs - and gain access to the technology required to stay competitive - may be through collaborative research.This paper explores the recent history of collaborative research in mineral processing and in particular its ability to attract world-class multi-institutional research teams with sufficient resources to make step-change advances. It chronicles the advances achieved, but also explores the research architecture and administrative structures required to deliver research outcomes and technology transfer mechanisms to a range of often disparate sponsoring companies.INTRODUCTIONIn medieval times the dream of alchemists was to turn base metals into gold. We modern alchemists, of course, don’t waste our time on that sort of foolishness: we turn base metals into dollars. When I see the profit reports filed by some companies recently, I can only conclude that a lot of those present today must be pretty good at this.But the fact that we are here at this conference reminds us that an alchemist’s work is never done; turning base metals into dollars is not a one-trick wonder but an art that we must extensively refine year after year if we are to survive in a competitive marketplace.It is not that demand for metals is likely to slow; most people seem to think that China, India, Brazil and other emerging economies are still at the lower end of their demand curve. They will need significantly larger volumes of metals in the years ahead. The challenge for us as processors is that to supply increasing tonnages of those metals profitably we will almost certainly need to process more complex or lower grade ores and probably to do so with reduced energy inputs."

Jan 1, 2009

By Horst Konig

This paper illustrates that, with the application of new processes, smaller steel plants using local raw materials can be economical and advisable. It also introduces the problems connected with the direct reduction processes, which use non-coking coal or gas as reducing agents, and which are employed in connection with conventional reduction to produce excellent results. Electric smelting is also discussed, and some practical examples of operating plants are given.

Jan 1, 1970

By David Whittle

When does a project with questionable viability, warrant further investment? There are cases in which projects, which evaluate to a negative mean probable value, are worth investing in. There are also cases in which projects that evaluate to a positive mean probable value, should not be invested in. The author will present a model for ?project-control?which includes an adaptation of a well know grade-control concept. Comments on Resources and Reserves ?Resource and Reserve estimates are based on positive information (43-101). ?Reserve and Resource confidence qualitatively assessed. ?U.S. Geological Survey (USGS) recognizes Undiscovered Resources (U.S. Geological Survey 2003).

May 1, 2006

By Paul Clark

Generation - Profile l 9,726 megawatts (MW) of capacity l 46,877 gigawatt hours (GWh) produced at an average plant availability of 88.4% l 47 facilities in four geographies: Canada; the U.S.; Mexico; and Australia l Fuel mix of coal (62%), gas (26%), hydro and renewables (12%) l 23.2 million tonnes of coal mined l 47.0 million gigajoules (GJ) of gas consumed

May 1, 2004

By T. G. Joseph, K. Barron

A strain-softening constitutive relationship is introduced that describes the post-failure stress-strain curve for rock regardless of whether the rock is intact or broken. The core of this relationship is an “apparent friction” concept that relates the post-failure apparent cohesive and frictional characteristics of the rock to the strain. The relationship can be determined for a given rock via a series of triaxial strength tests establishing the peak strength and corresponding strain for a range of confining pressures, together with the determination of the base angle of friction via a simple tilt test. The postulates and assumptions used in deriving this relationship are verified from results of tri-axial tests on both intact and broken rock. This strain-softening relationship is then applied to coal. Having determined the post-failure stress-strain curve for coal specimens, this information can then be used in a finite element program, such as Phase 2, to examine the post-failure characteristics of coal pillars. Using example data, the strength of coal pillars of different width/height ratios are estimated and compared with well-known empirical pillar size-strength relationships. In addition, the post-failure stress-strain behaviour of a coal pillar is compared with an empirical relationship reported in the literature.

Jan 1, 2003

PRESENTATION PURPOSE ? Provide an overview of BC?s Environmental Assessment Actand environmental assessment process ? Identify key issues influencing environmental assessments in BC ENVIRONMENTAL ASSESSMENT ACT ? Major project proposals require an EA before a project can proceed ? Considers potential effects of proposed projects and ways to minimize or avoid adverse effects Minister of Environment and the Minister designated as responsible for project category decide whether or not to certify a project or order further assessment

May 1, 2006

By D. E. Gorse, R. G. Anderson

"Indusmin's history dates back to 1937 when they developed the Blue Mountain Nepheline Syenite deposit at Nephton, Ontario, and began supplying material for the glass, fiberglass, paint, ceramics and rubber industries.Since then, as a subsidiary of Falconbridge Nickel Mines, Indusmin has expanded the Nephton operation, diversified into the aggregate quarries for the construction industries, with operations at Acton and Halton, Ontario, established silica plants at St. Canut, Quebec and Midland, Ontario, to supply the glass, carbide, ceramics, cleanser and concrete products industries, and the purchase of a foundry, Fahramet Limited, Orillia, Ontario, supplying steel and alloy castings to the mining, construction cement and petrochemical industries.Indusmin also has a Technical Resource Centre and Head Office facilities in Toronto.As this paper deals with Indusmin's experience with dust abatement, and although dust control is a concern at the Nephton, St. Canut and Orillia plants, we will be confining this paper to the experience gained at the Badgeley Quarry and Midland plant of the Ontario Silica Operation."

Jan 1, 1980

By Robert B. Parsons

"New tax rules that can apply to the repayment, extinguishment, or other settlement of a company's debt are finally taking shape. These new rules are far-reaching in their application, and can affect mining companies in a serious, negative way.IntroductionIn his February 1994 budget, Finance Minister Paul Martin announced changes to the Income Tax Act that could have an adverse impact on a company that restructures its debt. Since then, the new rules have undergone considerable transformation during their fetal stage: draft legislation was introduced in July 1994; revised draft legislation was introduced December 1994; and a third version of draft legislation was introduced February 1995. It seems that the new rules have now been pretty well finalized, and they contain some serious traps that the unwary could fall into. The new rules are of particular importance to mining companies, because a mining company's resource pools will be caught under the new rules, whereas these pools escaped the wrath of the old rules. The following commentary summarizes the new rules that are generally referred to as the ""debt forgiveness"" rules."

Jan 1, 1995

By Alan D. Akerman

This paper describes the significant advantages and improvements in operational availability, reduced breakdowns, and overall cost reductions that can be achieved through the application of a Reliability Centred Maintenance (RCM) program, including Condition Based Maintenance (CBM) and Equipment Health Monitoring (EHM), in a mine environment. It uses a case study to illustrate the essential elements that constitute the basic requirements to establish such programs. This CBM case study analyzed the Load-Haul- Dump (LHD) vehicle sub-systems and their dominant failure modes, as a precursor to the development of condition indicators. The case study describes a disciplined process to enable condition indicator development and qualification in support of a CBM program. The identified condition indicators vary from readily applicable off-the-shelf monitoring systems and techniques, through to "leading edge" technologies that require further research and development. The paper also explores the developments that have been made in the combination of expert system software associated with modern computer based control systems, and the availability of "intelligent? sensor technology that complement the control system capability.

May 1, 2002

By M. Kolahdoozan, H. Noori

"Molybdenite flotation at the Sarcheshmeh Copper Complex has been studied as a function of pulp potential controlled using two types of sodium sulfide (mineral and chemical origin). Air and either plant or laboratory nitrogen was used as a flotation carrier. Potential measurements were taken in the rougher cells as it was proved to be vital for molybdenite flotation. Flotation test with reducing potentials between -525 and -575 mv gave the highest molybdenum recovery (93%) and the lowest copper recovery of between 4 to 15% can be achieved. These potentials did not change considerably by adding increasing amounts of sodium sulfide. At more oxidizing potentials, i.e. more than -450 mv, the recovery of copper increases while the recovery of Molybdenite drops.INTRODUCTIONThe average copper ore feed grade to the Sarcheshmeh flotation circuit is typically set at about 1.2% Cu. to be delivered to processing unit is set at 1.2%. There is no control of molybdenum (Mo) which usually varies between 0.01 and 0.04%. During concentration, a Cu-Mo concentrate is produced by one stage of roughing, one stage of scavenging and two stages of cleaning. Final concentrate contains 0.5% of Mo and 32% of Cu while the particle size is 90% under 42 microns (325 mesh). Because of the high grade of Mo in this concentrate and economic interests, a molybdenite flotation circuit plant was built in 1984. This plant was designed to treat 1432 tons of Cu-Mo concentrate (on dry basis) and consists of one stage of roughing followed by seven stages of cleaning. After dewatering the concentrate contains 53.7% Mo which is dried and shipped overseas.The majority of molybdenite production worldwide comes as byproduct of copper porphyry ores. The Mo grade typically varies between 0.01 and 0.06% and accompanies chalcopyrite and chalcocite. Due to the hydrophobic nature of molybdenite, it can be floated along with copper sulfides. Thus the overall concentrate of Cu and Mo contains 0.2-1% of molybdenum as well as 20-42% of copper. To separate the Mo, Cu and Fe minerals, depressants are used. The most important of which are sodium sulfide, sodium hydrosulfide, Anomal D, sodium cyanide, ferropottasium and ferro-cyanide. The first three regeants have been extensively used for successfully treating porphyry ores [1]. In the molybdenum plant of the Sarcheshmeh Copper Complex only sodium sulfide has been used to date."

Jan 1, 2006

By A. Y. Senchenko, Y. V. Kulikov

"Different methods aiming at specific energy calculation and design of AG/SAG circuits are used in mining. They include JK DWT/SMC test, SAGDesign test and CWi/RWi/BWi tests. The simplest methods with no secret equations and giving energy required for grinding in kWh/t were proposed by F.?. Bond and J.H. Starkey. D.J. Barratt proposed to use results of CWi/RWi/BWi tests for AG/SAG mill sizing. The present paper gives an alternative for forecast of specific AG/SAG energy. The principle is similar to the theory proposed earlier and consists in cumulative AG/SAG energy calculation using indices of rod and ball grinding (RWi+BWi) without impact crushing index (CWi). Then total energy is divided between two grinding stages using special formulas based on extensive statistical information. The forecast indices of AG/SAG and ball grinding are similar to the SAGDesign testing results. Hereinafter the predicted indices are used for mill sizing of the whole grinding circuit. The method considered in the paper enables prediction of AG/SAG energy based on the test results according to Bond method. The proposed method version was not widely published earlier. The aim of the work was to elaborate cost-effective, reliable and accessible way to determine specific AG/SAG energy. At this stage of method development, it is recommended to use it only for works at preliminary Geometallurgy stage (Scoping, Pre-Feasibility). At design stage the obtained data should be confirmed by appropriate testing using alternative JK DWT/SMC and SAGDesign methods.INTRODUCTIONAppropriate crushing and grinding testing is required to design efficient comminution circuits. It is obviously important to obtain accurate information about ore hardness properties since the main energy consumption at the plant is associated with comminution processes. Moreover, it is required to apply the processes that make it possible to minimize operating costs and efficiently use capacity of the installed equipment installed.When studying ore hardness properties, it is required to take into account that breakage of the material is performed using different equipment. That is why accurate selection of the equipment and the circuit calculation without relevant testworks is impossible. Ideally, the testworks should provide answers to the following questions: determination of ore hardness properties, determination of specific energy consumption for comminution as well as obtaining of sufficient amount of statistically significant results from the tests. The results from crushability and grindability testworks in the first place provide assessment of ore hardness properties and in addition correlate with throughput of the respective equipment. The data obtained can be used for modeling of comminution circuits at the stage of the technology development"

Jan 1, 2016

By W. J. Tough

THIS paper offers examples of some of the typical calculations which occur in the ventilation of metal mines. The fi.rst section of the paper discusses the problems associated with natural-draft pressure; the second section presents the more common of the calculations concerned with the operation of mine fans; the third section illustrates the integration of the individual problems covered by the preceding sections into the larger problem of determining the operating characteristics of a fan for a particular mine duty. There is a very definite limit to the extent to which pure arithmetic can be successfully applied to the solution of min<; ventilation problems. As mines advance from the exploration, development, and initial production stage to the rime when underground workings become exceedingly complex, there is a considerable increase in the relative importance o theory and judgment in the solution of ventilation problems. These calculations illustrate the application of mathematics to ventilation, but they also in-elude examples of instances where arithmetic cannot be conveniently applied, and important estimates, based on judgment compounded of experience and a knowledge of the theoretical consideration involved, must be made. The inclusion of such estimates is intended as a guide and a warning to the reader; a guide in assisting him to recognize and estimate his own incalculables; and a warning that the solutions must not be blindly applied to his apparently similar problems. These sample calculations are intended to assist the reader in applying the theory contained in the standard texts on metal-mine ventilation. They have been selected from the ventilation experience of a British Columbia mine.

Jan 1, 1942

By G. Shore

Radiation grafted structures my be fabricated to contain ion exchange groups selective to an ion complex. Proper choice of substrate and monomer will provide selective ion exchange with differing physico and chemical properties. Grafting a selected monomer to the proper polymer will provide selective ion exchange with assured chemical protection of the substrate. Ion exchange systems utilizing radiation grafted structures have been fabricated to ''capture'' gold, silver and palladium from dilute solutions. Other ion exchange systems can feasibly be produced to remove other precious metals. Rotating Cathode Technology is used to recover the metals from their regenerating solutions are pure metal foil.

Jan 1, 1985

By R. Laplante, P. Radziszewski, P. De Ciccio

"Predicting the effect of wear can lead to improved control strategies that can possibly minimize the risk of catastrophic failure due to wear while maximizing useable life. In the field of geological exploration, diamond drill rod wear illustrates just such a case. Wear conditions vary with geological formations and compositions. The objective of this paper is to determine a general relationship, based in theory and practice, that will approximate drill rod wear and therefore predict remaining drill rod life in the context of Canadian, Australian and South American drilling campaigns. Simulation results allow the definition of simple graphical tools that permit the estimation of the potential drill depth remaining on a given drill rod string. IntroductionWear, in many industrial processes, is an undesired phenomenon for which enormous efforts are made to control, if not eliminate. However, wear, in many other cases, is an intrinsic phenomenon of the given process. In such cases, predicting the effect of wear can lead to improved control strategies that can possibly minimize the risk of catastrophic failure due to wear while maximizing useable life. In the field of geological exploration, diamond drill rod wear illustrates just such a case where abrasive conditions vary with geological formations and compositions.A number of studies have been published on drill rod wear especially with regards to the petroleum industry over the last thirty years (Lewis, 1968; Rollins, 1968; Smith, 1978; White 1978; Rowe and Wilson, 1981; Cheng, 1982; Eustes, 1986; Dudman et al., 1989; Besaisow et al., 1990). Of these, most studies covered management techniques (Rollins, 1968; Smith, 1978; White, 1978; Rowe and Wilson, 1981; Besaisow et al., 1990) and some described case histories (Cheng, 1982; Eustes, 1986; Dudman et al., 1989). However, little (Lewis, 1968) was presented that could aid in predicting wear in the particular case of diamond drilling in the metal mining industry.The objective of this paper is to determine a general relationship, based in theory and practice, that will approximate diamond drill rod wear and therefore predict remaining drill rod life in the context of Canadian, Australian and South American diamond drilling campaigns."

Jan 1, 2002

By Jean-François Lessard

The performance of rock pass systems has a significant contribution to the economics of underground mines. Operational concerns include hang-ups due to arching of material, blockage and degradation of the rock pass. This papers presents the preliminary results of a comprehensive rock pass database on the engineering and operation of rock pass systems in Quebec underground mines.

May 1, 2002

By Glenn Kosick, Roger Amelunxen, Glenn Dobby

"The variability in flotation response within an orebody is often a significant problem to address during the design phase of a flotation circuit. In addition, for existing operating plants, the reasons for such a variability need to be clearly understood and accounted for if plant performance is to be optimized. MinnovEX Technologies, in collaboration with major mining companies, is developing methodologies and tools to address the issue of variability in ore characteristics (such as ore hardness and flotation response). The tool is used for design and scale-up of flotation circuits from lab flotation data, and for prediction of recovery and final concentrate grades throughout the mine block model for any given circuit design.INTRODUCTIOTNH: EI SSUEB EINGA DDRESSEDThis paper describes the current development of a methodology and software tool for improved flotation plant design and enhanced prediction of froth flotation performance in an operating plant. The need for this tool is attributed to two primary factors: variability of flotation response properties throughout an orebody and related difficulties with scaleup from laboratory tests. Consider these in more detail.It is well recognized that separation performance via froth flotation will vary significantly within a single mineral deposit. This has been enhanced through the wide application of SAG milling. Throughput with SAG mills is more susceptible to ore hardness changes than is the case with crushing-rod-ball circuits; it is not uncommon to see SAG mill throughput to vary by up to 100% on a regular basis, e.g. 1000 tph to 2000 tph.The implication of this on laboratory testing for prediction of metallurgical performance is as follows: it is unlikely that either the plant grind (size distribution) feeding froth flotation or the flotation residence time will be known at the time of laboratory testing for a given block of ore. Hence, the grind used for the laboratory test is not likely to be that which actually occurs once the ore is processed, and the laboratory retention time may not represent the plant conditions."

Jan 1, 2002

By Thomas M. Barczak

A critical safety component for all underground mining is intrinsic and standing support systems. Specifically, tabular hardrock mining exploits a wide variety of deposits that require various methodologies to safely mine the ore material. Several new support systems have been developed in recent years for hard rock applications which have been modified or applied in a variety of ground control applications. These include prestressing devices, improved cribs, and free standing supports. Various standing support and prop-type systems have been designed for hard rock applications with seismic loading conditions to accept prestressing. The prestressing, using water-filled cells, creates an active load upon installation and is considered essential to maintain support during and after the blasting of the mine faces. Heavy seismic activity is also present in these mines and the prestressing units can provide some energy absorption capability to help preserve the integrity of the support. This paper presents an overview of these innovations in support technology.

May 1, 2007

What is the BC AMTA? ?What is an ASEP? ?Who are the partners? ?Critical Success Factors ?Questions/Answers Aboriginal Skills and Employment Program (ASEP) ?A collaborative partnership of industry, employers, post secondary, First Nations and government ?Working together to plan and implement training and education programs ?Demand-driven: targeted JOBS for participants

May 1, 2010

By C. O. Brawner, J. Kalejta II

"The classical approach to control rock fall and ravel in open pit mining has been to use catch benches. The width and volume of benches is most dependent on the bench height, size of loading equipment, blast damage to the face and mining regulations. This was compatible with open pit slopes of less than approximately 45 degrees.As our understanding of rock mechanics and blasting control has improved over recent years, much steeper rock slopes can be developed at many open pit mines. However, narrower benches result in less rock fall capacity.The transportation industry has been very successful in using catch fences to protect highways throughout North America and Europe for years. The authors recommend that cable and ring net fences have a potential major application in open pit mining to allow steeper rock slopes with significant economic benefit. This paper outlines the application, design and operation of catch fences in surface mining for specific conditions. Typical case examples are presented."

Jan 1, 2002