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By R. G. Eggert, M. R. Walls

A mining CEO's willingness to participate in risky investment opportunities significantly affects a company's strategic-investment decisions. Decision-analysis techniques provide a mechanism for measuring a CEO's risk tolerance and ability to make formal comparisons of risk propensity among mining firms. The authors developed a methodology for measuring CEO risk tolerance. The findings from a confidential survey of mining CEOs are presented. The results from the survey suggest that: •mining CEOs are overwhelmingly risk averse when considering investment decisions; •CEOs of small mining firms are significantly more risk averse than CEOs of large mining firms; and •there appears to be some differences between Australian and non-Australian CEOs regarding their willingness to participate in risky investments. The results of this survey suggest that CEOs are pursuing objectives other than, or in addition to, maximizing shareholder wealth and that they act to reduce the financial exposure associated with strategic investments.

Jan 1, 1997

By Walter R. Jr. Hibbard, William A. Vogely

INTRODUCTION Volatile markets and pricing, increasing imports, constraining but effective laws related to the environment, health and safety and price controls lead to concerns which generated pious laws stating non-fuel policy and authorizing studies but resulting in ineffective implementation. Several commissions, reports by the Secretary of Interior and even the President have led to many recommendations but little or no action. No single comprehensive policy could solve problems which are diverse, commodity specific and not categorizable (Landsberg 1982, 1983). Thirteen laws administered by 27 agencies regulate or affect minerals and materials. Political instability created by communist regimes in Southern and Central Africa jeopardized sources of critical imported materials. This situation led to a Resource War mentality. It was feared that the U.S.S.R. was seeking to control this area and exclude the United States from resources (Vogely, 1980). The success of the Organization of Petroleum Exporting Countries with a petroleum cartel led to fears of an Organization of Minerals Exporting Countries which might create more cartels and/or make the existing ones more effective. Economic needs of developing countries required export to maintain employment and balance of payments have led to world surpluses, weak markets, low prices, and large loans from the World Bank which have under- mined U.S. industry (Landsberg, 1982a). Un- cooperative environmental laws, obsolete facilities and non-competitive costs have led to shipping U .S. ores to other countries for processing into ingot and bars which are imported back to the United States. Yet massive internal turmoil has interrupted supplies, and led to un- certain availability and higher prices. This situation could happen again. Included in this category of critical materials with uncertain sources are metals required in the manufacture of military aircraft, which has led to concern regarding the defense industry base (Morgan 1983). Remedies have been proposed which include: updated stock piles, material substitution, international cooperation and coordination, foreign policy aimed at resolving racial and national stresses in South and Central Africa, relaxing U.S. environmental and public land regulations and action under the Defense Production Act (Goth 1982). The President's report (1983) to Congress has stated a national materials policy which recognizes: that materials play a critical role in our economy, defense, and standard of living; that public lands contain a vast untapped mineral wealth; that the role of government is to identify mineral issues and act on them; and that there is a need for long term high potential pay off research (Bureau of Mines 1983). There is a serious question as to whether or not a comprehensive national mining, minerals, and materials policy is feasible let alone necessary. One solution is to abandon the attempt at comprehensiveness and to target specific is- sues with realistic policies (Comptroller General 1979). In the following sections, the major studies of the 1970s will be reviewed, major issues yet to be faced will be identified, the principles involved in these resolutions will be reviewed,

Jan 1, 1985

By M. H. Al-Dabbagh

In this paper, the authors outline the deficiencies of PERT/CPM as a method for scheduling complex projects such as mine development. In particular, PERT/CPM networks cannot accommodate logical nodes (events) or stochastic branches (activities). The Graphical Evaluation and Review Technique (GERT), developed by Pritsker and. co-workers, is introduced as an alternative to PERT/CPM that overcomes many of the deficiencies of the latter and enables a more realistic analysis of complex projects that are subject to significant uncertainties. A brief overview of GERT network structures and network analysis is given and a PC implementation of the method is described. The technique is illustrated by application to the development of an open-pit gold mine in Saudi Arabia.

Jan 1, 2002

By Shawn Boltz, Erik Westman, Derrick Chambers, Xingdong Zhaoa, Qiankun Zhua

Microseismic passive velocity tomography is becoming an effective technology for large-scale mining-induced stress monitoring in underground mines, especially in the field of early warning of mining-induced hazards. Aiming at the problems of missing low-magnitude events in traditional microseismic monitoring, as well as the potential to increase the resolution of the tomograms in both time and space, a microseismic passive velocity tomography analysis method based on the template matching method was proposed. First, the template matching method was used to pick microseismic events. Then, the probabilistic, non-linear, global-search earthquake location method was used to locate the events and calculate travel time and travel distance. Finally, the fast-marching method was used to carry out passive velocity tomography analysis to image the movement of the abutment stress associated with the longwall. The results show that the selected templates can identify more microseismic events than the traditional microseismic analysis, and the variation trend of events in each day is consistent with the data from the traditional analysis. Using microseismic event locations, travel times and travel distance can effectively complete microseismic passive velocity tomography analysis in each day during the study period and can effectively identify the forward and side abutment stress zones of that longwall panel. This study provides a reference for the identification of mine-induced high stress zones, which has implications for hazard identification and mitigation, with increased resolution of the tomograms in time and space.

Jun 25, 2024

The National Mining Hall of Fame and Museum in Leadville, CO seized the opportunity to show off during its 10th anniversary induction banquet on Sept. 6. "We wanted to make people more aware of the mining hall of fame and museum," said Carl Miller, its executive director. The annual event honors inductees into the Mining Hall of Fame. This year, the inductees included Paul Wheeler Allen, Joseph Rosenblatt, Arthur Fay Taggart, Joseph Toy, Joseph Wharton and John Benjamin Zadra (ME, August, pp. 60-63). Allen, of Pasadena, CA and Rosenblatt, of Salt Lake City, are both living. Only Allen was able to attend. This year's induction banquet was the first held in Leadville, North America's highest incorporated city, at 3,094 m (10,152 ft) above sea level. The banquet gave attendees an opportunity to see the museum in its century-old 6,500-m2 (70,000-sq ft) Victorian schoolhouse. Many of the 350 guests came in 1890s dress to the black-tie affair. The evening included a cocktail reception and an open house along with a catered, prime rib dinner. During the open house, attendees had the opportunity to tour the museum's 12 rooms of exhibits and displays. Among items of interest, it was noted that a framed directory of inductees now enhances the entrance to the hall of fame. The directory is organized by the inductees' names and the location of their plaques, allowing visitors to quickly find hall of fame members. Noted mining historian and author Duane Smith delivered the keynote address at the banquet. After the induction of the six honorees, attendees danced to the big-band era music of the Leadville 17-piece band BandAge. Karl Elers was the master ceremonies for the evening's program. He is a member of the hall of fame's board of directors and is chairman of Battle Mountain Gold Co. Allen was honored by the presence of 26 former colleagues and associates. He told the audience that he originally thought the museum should have been located in Denver. "But I have been proven wrong," he said. For many years, Allen was the operational executive of Cyprus Mines Corp. and a key participant in the company's growth. Allen received a replica of his mining hall of fame plaque from Thomas Falkie, chairman of the hall of fame's board of governors and president of Berwind Natural Resources Co.

Jan 1, 1997

By Robert J. Timko, R. Lincoln Derick

The Bureau of Mines evaluated the integrity of escapeways in a three entry underground coal mine. A center conveyor belt entry (secondary escapeway), was flanked by an intake (primary escapeway) and a return entry. Diesel equipment was used throughout the mine for material and personnel haulage. A carbon monoxide monitoring system, tied to a data recording computer on the surface, was deployed throughout the belt entry and at selected sites in the intake and return entries. Previously, the company had a fire of unknown origin in another mine, which prompted an interest in the performance of their escapeways. An initial, qua1itative evaluation was performed by burning approximately 14 kg of coal at the mouth of the intake entry. The first test was followed by a similar burn at the mouth of the belt entry. These initial trials showed a high quantity of leakage between entries. In several follow-up evaluations, simulated fires, using a tracer gas, were set in the intake and belt entries. Tracer gas concentrations were obtained in all entries at four different underground locations. The results of these tests showed that permanent stoppings could not guarantee isolated, contaminant-free escapeways.

Jan 1, 1989

By Fabio Amaya, Andrés Marulanda, Ramiro Gutiérrez, Alberto Marulanda

The behavior of a salt rock mass is strongly related to a creep phenomenon. The amount of creep depends on the level of stress generated in the underground excavation. Additionally, security conditions and the lifespan of an underground cavern excavated under this geological conditions depend on the evolution of creep. Based on the experience of the failure of the Old Underground Salt Cathedral of Zipaquirá(Colombia) and the construction of the new one, the theoretical framework to predict the creep behavior of a salt rock mass is explained. The theoretical formulations are calibrated based on actual observations of the material behavior to predict the lifespan of this striking structure.

Jan 1, 2003

By Morley H. Mathewson

The unprecedented demand for capital investment in the mining industry today has intensified management's interest in every known technique which will help to reduce operating costs and increase production. One proven approach leading to the accomplishment of this objective is well known in the mining industry and is gaining added prestige, particularly where keen competitive conditions exist. This approach is in the area of incentives applied to mining productivity. An investigation of many incentive plans now in use throughout the mining industry revealed a predominant number of conventional type plans, Most of these plans are designed to reward the hourly-paid employee on the basis of percent over and above a standard hourly or daily ton rate, By contrast, this search failed to divulge any incentive plan solely and independently developed for production management employees. This does not mean that such plans in the mining industry are nonexistnet, but it does indicate that production management incentive systems are scarce or are being kept under wraps.

Jan 1, 1960

The concept of optical basicity is now being widely applied to rationalize and predict the chemical properties of slags. It employs signals from a probe ion to indicate the "state" or relative "freeness" of the oxygen ions in the slag, and hence provides a fundamental measure of slag basicity. Values of the bulk optical basicity of a slag can either be measured spectroscopically in samples of transparent solid glassy slag, or calculated very simply and accurately from the chemical composition of the slag. The way in which these values vary in different systems are illustrated as isoptical basicity lines on ternary diagrams, and the patterns obtained are discussed. The difficulties associated with assigning optical basicities to the oxides of transition elements are also reviewed briefly. It has been demonstrated that these bulk values can be used as the basis of a flux control model for steelmaking to achieve end-point chemistries much more reliably. Furthermore, several correlations have been established which allow the prediction of the slag-metal distribution of various solute elements. This approach has been used to predict the phosphorus distribution at the end of steelmaking, and also to custom design fluxes for the ladle and tundish to aid in the control of residual elements in the steel such as suphur, hydrogen and nitrogen.

Jan 1, 1990

By William A. Prosser, Kyle R. Ott, Philip Rice

"INTRODUCTION The existing Baltimore and Potomac (B&P) Tunnel accommodates Amtrak (National Railroad Passenger Corporation) and MARC (Maryland Rail Corporation) service between Baltimore, MD and Washington, DC and occasional local freight service. The Baltimore and Potomac Tunnel Replacement Project proposes new tunnel construction through Baltimore, Maryland along the Northeast Corridor (NEC) that maintains connections to Baltimore Pennsylvania Station. After the Replacement Project is constructed and operational, the disposition of the existing tunnel must be determined. The tunnel could be abandoned; however, considering its location in a congested downtown, alternative uses have been considered to take advantage of this unique piece of infrastructure by repurposing it. Alternative uses for the existing 140-year-old B&P Tunnel may end up being cost effective and should be considered, as the tunnel can be made accessible to construction crews for extended periods of time that will allow for efficient work activities unlike when it is fully operational. Possible alternatives include conversion for non-rail use, rehabilitation, or complete modernization for continued rail traffic. The following paper describes the four potential fates of the conceptual designs for the existing B&P Tunnel. The four concepts include: • No Build – rehabilitate to keep the tunnel operational. • Abandonment – complete or partial sealing of the tunnel. • Adaptive Re-Use –repurpose the tunnel with sustainable building practice. • Full Rehabilitation and Modernization – bring to current fire-life safety aspects. Of the four concepts, only the no build addresses maintaining the tunnel while it is under traffic. The remaining fates address the existing tunnel after the new tunnel is operational and railroad traffic has been diverted to it. Development of these conceptual designs were provided in a concept design study (Parsons Brinckerhoff/Parsons, 2015) that supports the National Environmental Policy Act (NEPA) review process for the Project, which includes evaluation of possible alternative uses of the existing B&P Tunnel."

Jan 1, 2016

By Peri Mehling, Allister Brown

Environmental regulations concerning the processing of gold ores and the treatment and disposal of spent process solutions range from rigid standards in some locations to site specific options in several other jurisdictions. This paper examines the regulations and policies in two North American jurisdictions. Emphasis will be placed on the mill process and waste stream treatment and disposal, and implications for environmental impacts. Case examples of mine licence requirements will be discussed, with brief descriptions of individual treatment and disposal systems. Policies and environ- mental regulations within each jurisdiction will be examined in terms of potential environmental protection.

Jan 1, 1987

By Larry Murphy, Mohammad R. Jafari, David M. Giel, Sharat K. Kalluri

"Built in 1940’s to provide a key roadway arterial between New York and Boston, the Heroes Tunnel is the only highway rock tunnel in the state of Connecticut and is part of the Wilbur Cross Parkway. This 365.0 m long tunnel consists of two barrels, each with two lanes of traffic, and carries over 71,000 vehicles per day. For nearly 70 years, the tunnel has seen millions of vehicles pass through but time has taken its toll and now the tunnel lining, ventilation system and radial section joints are significantly deteriorated and in need of rehabilitation. Owned and maintained by the Connecticut Department of Transportation (CTDOT), CTDOT initiated a unique managed approach to mitigate the risk, social impacts and financial implications associated with rehabilitation of this tunnel. This new approach consists of performing field inspection and conducting a comprehensive study to explore six rehabilitation options, including construction of new tunnels and enlarging the existing tunnels. The main criteria for this study are: Impact on traffic and the resulting delay cost; Construction cost; Construction duration; and Construction complexity. This paper will present the results of the alternative study. PROJECT BACKGROUND Location and Importance Heroes Tunnel is located in the State of Connecticut within the Town of Woodbridge and the City of New Haven near the Town of Hamden border. Heroes Tunnel is the only true highway tunnel in the State of Connecticut. The tunnel is part of the Wilbur Cross Parkway (Route 15), a scenic connection between Hartford and New York. Originally constructed and opened to traffic in 1949, the tunneled portion of the parkway passes through the West Rock Ridge. The tunnel was originally named West Rock Tunnel, but was re-designated as Heroes Tunnel in 2003. Route 15 is a vital roadway within the State transportation infrastructure. In the vicinity of Heroes Tunnel, Route 15 carries approximately 71,000 vehicles daily. Locally, Route 15 provides access to residences, shopping centers, and points of interest, as well as other state roadways. Regionally, Route 15 connects New York to the Hartford area and serves as an alternate expressway route to I-95 and I-91. The tunnel is approximately 365.0 m long and passes through the West Rock Ridge. West Rock Ridge is an 11.3 km long rock ridge located on the west side of New Haven. A network of suburban streets abuts the mountain on all sides and a seasonal paved park road climbs to the crest of the ridge. Figure 1 depicts the tunnel topography and location."

Jan 1, 2016

By R. R. Fernández

Newmont Mining Corporation has been processing refractory gold ores by roasting since January 1995. The ores are refractory due to the association of the gold with iron sulfides, namely pyrite and marcasite, and the presence of carbonaceous components and is oxidized in an oxygen-enriched gaseous atmosphere. The structural characteristics of the calcine have a strong influence on the eventual recovery of gold by cyanidation. These characteristics are strongly dependent upon the roasting conditions, mainly the roasting temperature. Originally, the sulfides and carbonaceous matter were oxidized at a temperature that typically ranged between 535 and 560 °C. Controlling the roasting temperature within the lower and narrower range of 510 to 515 °C produced a calcine with a larger surface area(e.g. higher porosity), which resulted in a gold recovery increase of3.3 percent in 2001 equivalent to 5.1 million dollars of additional gross revenue. The new strategies of operating at temperatures never tested before are discussed. It constituted a great challenge to the control room operators for the lower operating temperature falls much closer to the ignition temperature of the sulfide ore and smaller and more frequent adjustments in operating parameters were needed to improve and maintain high gold recoveries. Based on the encouraging results that were achieved in 2001, a decision was made to install a “smart” process control system because the roaster temperature control was performed by manual inputs from the control room operators. The development and implementation of the control system to reduce or eliminate the temperature variability between the different control room operators commenced in June of 2002 and was fully operational by the end of October. Lower roaster temperatures were achieved (500 to 505 °C), which resulted in further increase of gold recovery by about two percent. The overall recovery increase equated to 8.0 million dollars of additional revenue for the first 10 months of 2002.

Jan 1, 2003

By Jose M. Milian, Raphael F. Matson

An intensive study was started in 1968 to determine the most economical process for winning nickel and cobalt from an extensive de- posit of complex, low grade nickel-cobalt ore (1.6% Ni, 0.10% CO) designated "the Greenvale ore." In 1974 the commercial plant at Yabulu, in Queensland, Australia, began processing the ore. In the interim, a great deal of laboratory and pilot-plant effort was applied to develop technical, process and commercial design data to demonstrate to potential financial backers and customers that a full-scale plant was feasible. The laboratory test work, pilot plant facilities and pro- gram are briefly reviewed in this paper.

Jan 1, 1979

By Hugh E. Cronin, Lok Home

THE PENETRATION RATE BASELINE DILEMMA The penetration rate is the instantaneous advance rate of a TBM in a rock tunnel. Normally expressed in feet per hour. The production rate is the penetration rate multiplied by the number of hours worked and then factored by the actual utilization of the TBM. In a given rock formation, the actual production rate is a result of many factors some of which are within the control of the contractor and some of which are based on the route selected. Factors that are within the contractors control are cutter profile, frequency of cutter changes, thrust, rotation speed, cutter spacing and the efficiency of the operation. Factors that are site (route) specific are compressive strength, fracture orientation, fracture frequency, micro- fracturing, quartz content, Moh’s hardness, Cerchar Abrasivity Brazilian Tensile Strength and Youngs Modulus of the rock. In addition the following route speci?c conditions are beyond the contractors control; rockjointing, rock stress fault zones, water in?ow and rock decomposition; all of which effect production rate. Any one of the above defined rock properties, equipment specifications and actual operating usage will change the penetration rate. Furthermore, since the rock formation changes both in content and orientation as the tunnel advances, the penetration rate is constantly varying. The current industry practice in bidding tunnels is for each contractor to individually evaluate the rock hardness and other properties and from this information develop a penetration rate. All other factors being equal, the contractor using the most optimistic penetration rate will be the low bidder and be awarded the project. As this view is by definition optimistic, invariably the rock will be harder than the low bid assessment and the contractor will request additional compensation for the changed condition. The contractor will attempt to justify his optimistic assessment as reasonable by using expert supporting analysis. The above described example which is quite common at present in the industry tends to make the most optimistic contractor (at time of bidding) the contractor selected for the project whereas it is in the owners interest to contract with the most efficient contractor not the most optimistic. This situation is similar to the Geotechnical analysis that was prevalent in the industry over twenty years ago. Many projects have experienced a significant reduction of penetration rate from that which was originally estimated. In these cases the contractor often makes a claim for extra compensation based on the difference between the actual rock encountered

Jan 1, 2003

By P. Bevilacqua, G. Ferrara, U. Preti

In the last decade, Meloy developed the IAC - Interfacial Area Conservation - model of liberation. His work included three conservation laws and a mathematical tool called textural transform. This paper reviews the developments and applications of the IAC model. From simple spherical two-phase locked particles with planar interfaces, the model has been developed for curved interfaces and solids with complex textures. Moreover, complex shaped particles and ores having more than two phases have been considered. The model equations give the degree of liberation of the component phases for different ore textures – platy blocky and acicular - as well as for different sue distributions. Lockedness profiles are offered for defining the middlings composition, so that from the model it is possible to predict washability curves.

Jan 1, 1992

By Francis J. Quinn

The Natural Gas Act, of 1938, which put interstate pipelines under the jurisdiction of the Federal Power Commission, did not place a protective competitive shield around such companies - nor does any provision of the act guarantee them a profit. Natural-gas pipelines are competitive with each other and also with the coal and oil industries. Gas distributing companies must compete not only with the coal and oil industries, but also with the electric industry. Natural gas has captured markets from oil, which had taken them from coal. Oil men contend that gas prices have: been, held to an artifically low level by regulation. The electric industry is moving into the space-heating market, which pleases the coal people because the coal industry's largest customer since losing the railroads to dieselization has been the electric companies. The coal industry is attempting to monopolize the industrial and electric generating market through government intervention, and this is being done under the guise of concern for the national welfare through advocation of a "National Fuels Policy purporting to, further the cause of fuel conservation. Such a policy is contrary to American principles and would result in the individual's loss of freedom of choice and ultimately, in less reserves of preferred fuels because of diminished exploration efforts.

Jan 1, 1961

By D. Maxton

INTRODUCTION This paper traces the application of High Pressure Grinding Rolls (HPGR) at industrial and pilot scale in Australia. The Argyle Diamond Mine installed the first of two smooth segmented HPGRs during 1990 in an open-circuit secondary-tertiary crushing application to increase throughput. In 2002 a third HPGR was added to improve liberation and so increase the recovery of smaller diamonds. The latest improvements in wear technology (tyre with tungsten carbide studs) were incorporated in the design of this machine. Extensive HPGR pilot-plant trials were undertaken during the 1990s at both the Kalgoorlie Consolidate Gold Mine and the Boddington Gold Mine. The purpose of these trials was to evaluate HPGR as a method to increase throughput, as an alternative to SAG milling, and also to ascertain if downstream benefits existed. One of the challenges for HPGR circuit designers is to translate what occurs at small laboratory and pilot scale into what is likely to happen in a full-scale circuit. Scale-up from pilot machine results is normally recommended by manufacturers. However, such tests need relatively large quantities of material, particularly if meaningful data on wear are to be obtained. Laboratory tests are preferable, as they need relatively small quantities of ore, but may be questioned in terms of how they relate to full-scale operation. Modelling and simulation have played a particularly important role in this respect in Australia. Models are available which have proven to be very accurate at being able to scale throughput and specific energy response from laboratory to industrial machines. More recently, work in Australia has also been done in developing a model which has the potential to scale laboratory wear data as well.

Jan 1, 2004

By B. W. Cavender

Capital investments are made for a variety of reasons, ranging from providing incremental capacity at existing operations to developing and implementing new technologies intended to radically improve a company's capabilities. These projects generate very different business opportunities and create value in distinctive ways. For incremental improvements, the capital budgeting process assures at least a loose fit between short-term goals and readily available resources. However, the criteria used to evaluate capital projects often prevent a company from committing to more aggressive goals, which lie beyond the firm's current abilities or resources. Such projects may not have clearly identifiable future cash flows, and the degree of interaction with other projects and the nature of the risk incurred may be difficult to estimate. Additionally, by focusing only on quantifiable benefits, the budgeting process often fails to recognize "soft" improvements such as increased operating flexibility or new knowledge generated by such projects. By rejecting these projects, the capital budgeting process may actually harm the company's future competitive position.

Jan 1, 1999

By G. E. Erdman

The total attitude of the industrial minerals producing company is a most important factor in how they regard quality control, technical support for their customers, and procedures used in mining their minerals products. This philosophy of the producing organization directs their action along certain courses. For instance, one producer might see itself as a mining company with its major goal mining efficiency to make it exceedingly price competitive in the market place. Another producer might see itself as a wide spectrum multi-mineral producer that furnishes a reputation for a complete line of products. Another producer might see itself as a specialist in one specific industrial mineral and bet its whole bankroll on providing the very best of quality with the goal of becoming the largest producer of the mineral commodity. Each perception can have a different impact upon the producer's operations and its regard for quality control. Minerals Being Produced The specific markets being served will have their own influence on how mineral product quality is regarded. Ceramic raw materials, for instance, have a very low tolerance for iron which is the cause of low fired color. Thus, industrial minerals for use in glass and ceramic markets must be won from deposits with a very low iron content. A high iron silica sand might be sold to a manufacturer of good old beer bottles. That is a solution to one particular quality facet, but eliminates selling to a significant market in clear glass, porcelain enamel, ceramics whiteware bodies and hobby glazes. Thus, there is a need for sound research in the industries expected to be served before the product is brought to market.

Jan 1, 1987