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By [Miroslaw] M. Hajdasinski

The Payback Period (PBP) is one of the most widely applied project evaluation criteria 'in the mineral industry. As much as this criterion is liked by practitioners, it is also criticized by academicians who seriously question its validity. Inspired by this criticism, the author of this paper examines the classical definition of the PBP criterion, and formulates a new one designed for both investment and borrowing projects. It is demonstrated that the PBP, in its revised version, is free from all the shortcommings of the old one, and is fully compatible with the Net Present Value (NPV) criterion, as well as with all the other NPV compatible project evaluation criteria. Since the traditional approach to the comparison of mutually exclusive projects (MEP1s) by means of the PBP criterion has been incorrect, the paper also outlines the correct approach to this problem. Finally, owing to the fact that the PBP depends on the assumed interest rate, and using a specially developed computer program, the PBP is graphically presented, in six numerical examples, as a function of the interest rate.

Jan 1, 1989

By David L. Brostrom, William C. Brice, Perry A. Canton

The business of mineral exploration and development has become much more than simply a problem of locating orebodies and designing mines. Favorable economic analysis of mining and processing feasibility is no longer sufficient to justify the development of a mine. New laws, enacted by virtually every level of government, require comprehensive land use planning, environmental analysis, mineland reclamation, mine safety studies, and many other considerations. This profusion of new laws says in effect, that the mining company is no longer responsible only to its stockholders. Mineral development today can be compared to a partnership. As in all partnerships, the risks and liabilities as well as the benefits are held jointly by all the participants. In addition to the mining operator, this partnership consists of the public, through its many levels of government, interest groups, and individual citizens. Therefore, you'd better know your partner very well - his responsibilities and capabilities. Mining is considered a high risk venture. The risk on the part of the operator and the lending institutions has long been recognized. The risk that the public and its government take in these mining ventures has now been recognized also. The people and their government have learned that they inherit, through abandonment or forfeiture, the mistakes and problems of individuals and companies regarding these natural resources. In looking through the "Mining Engineering Handbook" recently published by the Society of Mining Engineers, I noted that in their discussion of liability for excavations, the authors quoted from the book of Exodus, 20th chap., where Moses said to his people: "When a man leaves a pit open, or when a man digs a pit and does not cover it, and an ox or an ass falls into it, the owner of the pit shall make it good; he shall give money to its owner, and the dead beast

Jan 1, 1974

By C. L. Coldren

Recently there has been much discussion of the use of pipelines for the long-distance transportation of solids. Many have come to recognize the economies inherent in pipeline transportation. The widespread movement of oil and gas at astonishingly low costs - a gallon of oil moves from Montana to New York for less than that for the delivery of a postcard - has spurred others to sturdy this mode of transportation. Most interested people are aware of the inherent advantages of pipelines - continuity and reliability of operations - low manpower requirements per ton mile - moderate capital costs per ton mile - low maintenance costs per ton mile - low operating costs per ton mile.

Jan 1, 1963

By Bo R. Arvidson

High-energy product permanent-magnet materials of rare-earth cobalt alloys are being used in applications where space or weight are at a premium cost. New applications like friction-free bearings are also made possible. However, such magnet materials have not been commercially used in magnetic separators until now due to the high cost for the overall magnetic flux generation relative to commonly used ceramic magnets or AlNiCo magnets. The design of the new high-intensity permanent- magnet roll separator (PERMROLL) takes advantage of the unique properties of rare-earth cobalt magnets rather than just substituting for conventional magnet materials now in use for magnetic separators. Hence, the new generation of high-intensity magnetic-roll separators has some unusual characteristics that make known magnetic separation applications more economically attractive, and even expands the magnetic separation technology area to include applications for which no other feasible methods are presently known.

Jan 1, 1983

By Edgar O. McAlister

Associated with cordilleran intrusives of intemediate to acidic composition, gold/silver ores are generally found in the intruded host rocks which are adjacent to these intrusives. Generally precious metal deposits lie further from the intrusives than allied base metal deposits. For vented intrusives, the associated volcanics may constitute the intruded rock and form the host for precious metal accumulation. Potential field methods, particularly magnetics, can help to define unseen boundaries of intrusive systems and thus can point to generalized prospecting targets. Other clues arise from the intrusive system type, its emplacement fracturing, the host rock type and local magnetic changes caused by mineralization processes.

Jan 1, 1984

By V. K. Gupta

The experimental results of some wet batch and continuous grinding experiments carried out in a 40 x 40 cm grate discharge ball mill have been analyzed for the variation of the grinding rate parameters, Si, with various operating conditions using a linearized population balance model. The wet grinding tests were carried out under conditions which were very similar to those encountered in the actual practice in plant operation. Well distributed -4 and -20 mesh feeds of two complex pyritic ores were used. The volume-percent solids in the pulp ranged from 30-40, the particle load from 5-8 kg, and the solids feed rate from 70-1 10 kg/hr.

Jan 1, 1981

By F. S. Knoll

Magnetic separation employing superconducting technology is now accepted within the Kaolin processing industry, proving the value of this technology and its ability to operate reliably even at the most remote site. Developments in superconducting magnet engineering, including cryogen free operation, combined with experience in mineral processing enables new forms of Wet and Dry superconducting magnetic separation to be developed. Applying the high magnetic force advantages at 5 T else available from such magnets to other materials is now a reality. High magnetic force mineral separating system developments are reviewed allowing the mineral processor to take advantage of a technology that is no longer confined to the laboratory.

Jan 1, 1997

By J. D. Allen

The Concord Mine Coal Preparation Plant of United States Steel Corporation, located near Bessemer, Alabama, began operations in June, 1950. The basic cleaning circuit consisted of a Chance Cone for cleaning the 2-inch x 3/8-inch fraction and concentrating tables for cleaning the minus 3/8-inch coal fraction. Dewatering of the final product was accomplished with 35-mesh vibrating screens. However, because Concord coal is very friable (Figure 1), 85 per cent passing three mesh and 25 per cent passing 28 mesh, there was a considerable amount of fines passing through the dewatering screens. To recover these fines, the dewatering screen effluent was sent to two 70-foot diameter hydro-separators with the underflow returning to the dewatering screens and the overflow going to a 175-foot diameter thickener for water clarification, (Figure 2). As might be expected, there was a considerable amount of recirculation of the minus 35-mesh coal in this system. This degraded the coal and led to higher moistures. It also resulted in a fines bleed-off of plant water and thickener underflow to a fine-coal settling pond. In 1961, vacuum filters were installed to supplement the screens and to recover the fine coal lost in the bleed-off. The above system resulted in a product moisture of about 20 per cent. Further reduction to approximately 11 per cent was accomplished by drainage from railroad cars during transit to the coke plant. Control of the moisture at unloading was poor because of variations in operating levels and railroad car availability, but since the Concord coal constituted a smaller percentage of the coal previously used at the coke plant, the high moisture and fluctuations did not seriously hamper coking operations.

Jan 1, 1966

By D. H. Desy

This research was undertaken to establish the lncendivity of aluminum alloys against rusty steel under frictional impact conditions at typical coal mine fan speeds, to determine any differences in incendivity among various aluminum alloys, and to Investigate less incendive materials as substitutes for aluminum alloys. With a specially designed apparatus, three aluminum casting alloys and three constructional steels were tested for incendivity in frictional impact against rusted steel in flammable methane-air mixtures. Although varying in degree, all aluminum alloys investigated exhibited a high ignition probability under the test conditions; none of the steel specimens tested caused any ignitions under the same conditions.

Jan 1, 1973

By H. H. Hayden

The accident repeater-40 you have one at your mine? Unless your company is vastly different from most coal companies, you will find that a small percentage (11-12%) of your employees will have a large percentage (47-50%) of your accidents. When you find out that this is a fact, what do you do? First, you establish a set of guidelines that can be used in identifying the ?accident repeater?. Next, you determine the type of action necessary to improve work habits and safety performance of the accident repeater. With these two steps in mind, objectives are developed for an ?accident repeater? program.

Jan 1, 1984

By Marc Lemieux

A new moving cone optimizing technique will be introduced. In order to facilitate under- standing of the moving cone optimizer, a re- view of the principles of moving cone design technique is presented. A concept called the negative moving cone design technique is also introduced to help facilitate understanding of the moving cone optimizing algorithm. In the introduction to Subsection 3.3, the relationship of the mineral inventory modeling technique to the ultimate pit design optimization methods was reviewed. Five modeling techniques were described, and four mathematically provable optimizing methods discussed. The broad use of the regular 3D fixed block model was attributed, in part, to its applicability to automatic optimization methods of pit limit design such as the Lerchs-Grossman graph theory algorithm, and in part, to its systematic nature.

Jan 1, 1979

By F. E. Heuze

This article deals with the effects of high-explosive and nuclear explosions in rock masses. We first highlight the strong influence of geological discontinuities, such as joints and faults, on ground motion characteristics. Then, we briefly introduce the Discrete Element Method, as a new technique for numerical simulations. II is shown to be far superior to continuum-based approaches, when dealing with the dynamics of discontinuous media such as jointed rocks. Finally, we simulate the ground effects from a generic contained nuclear explosion, which bears some similarity to the SHOAL event in granite. This calculation is intended to emphasize the influence of the near-source geology on the distribution of energy, and on the motion at various azimuths in the medium.

Jan 1, 1991

By A. D. Hoagland

There are large areas on all of the continents with environments which are favorable for deposits of zinc and lead of Mississippi Valley type. In the developed countries, these environments have for the most part been quite thoroughly explored for the near surface deposits, and it will be necessary to direct more effort to the search for deeper buried deposits from which much of our future production must come. The difficulties of exploration for deep ore of this type are many and formidable, but the area of permissive environments beneath deep cover is many times as great as the area of the known near surface ore districts. It is a reasonable assumption, therefore, that numerous deposits wait for discovery and development. The finding cost, however, is certain to increase, and it is essential that concepts and techniques of exploration be improved if we are to sustain a reasonably strong productive capability into the 21st century. Exploration for deeply buried deposits requires at the outset relatively large areas of favorable geologic environment. The favorable horizons must be within economic limits of depth for the exploration as well as for the mining techniques which are currently available; and there must be some condition, design or strategy which will assure the explorer a reasonable chance of obtaining maximum benefit from discoveries which he may make.

Jan 1, 1973

By H. G. Fleshman

The economics of western sodium bentonite (also known as Wyoming Bentonite) is covered from exploration to delivery to the final user. Included are costs of exploration, evaluation of ore bodies, mine permitting, stripping, loading, hauling through stockpiling, blending, processing and shipping. Since western bentonite is one of the industrial minerals marketed throughout the world, the various markets and freight costs are included.

Jan 1, 1984

By F. C. Bond

Nature of Empirical Calculations The size reduction of large tonnages of ore and rock is an operation of great magnitude. It is a necessary and important part of industry. Its development has been motivated by practical need and has followed the path of an industrial art without much help from theoretical science. Knowledge has been accumulated from experience. Trial and error established the methods; then collected data were tabulated and served as the basis for empirical equations that have been continually modi¬fied and amplified as new data became available. These equations now constitute the bulk of our present knowledge of comminution. There is no accepted scientific theory that is basic to comminution. In electrical, mechanical, and civil engineering, as well as in many other industrial activities, such theories exist and are extremely help¬ful, but rock is essentially heterogeneous, and the zones of weakness that control its breakage are thoroughly diversified. No theory has yet been discovered which can account for the variability of rock, although many attempts have been made. Empirical equations tell nothing of the why of a phenomenon, but if they are properly derived they can tell much about the how. They always represent only an approximation of behavior but never a law. In a proper empirical equation a symbol is assigned for each of the variable quantities that obviously affect the relationship. In a grinding mill these include mill diameter, mill speed, and feed rate among them. In setting up and revising an empirical equation the cardinal princi¬ple in establishing and modifying it is this: any change must be strictly ascribed to the variable which caused it. A useful empirical equation is rendered useless when a change in any convenient coefficient or exponent is made to make it fit a particular set of data, without certainty that the altered coefficient or exponent is the responsible variable in the new data. Such indiscriminate revisions have brought the use of empirical equations into some disrepute. When existing equations are changed to accommodate new data it is a good rule to make a change which gives results intermediate between the new and the old. A halfway point is usually a good choice.

Jan 1, 1985

By W. R. Hibbard

Emerging from discussions of U.S. energy policy: from the Project Independence Blueprint; from President Ford's statements to Congress; and from several independent appraisals of the situation; there is a clear objective to achieve an appropriate balance of supply and demand in the near term future (1) by developing more efficient ways of using energy and (2) by extending domestic sources of energy. More specifically, the strategy for achieving this goal has three parts (1) Conservation of energy through greater efficiencies in automobiles, appliances, lighting, heating, and industrial processes. (2) Increased domestic production of oil and gas through new sources such as the outer continental shelf and new efficiencies such as tertiary recovery. (3) Substitution of coal and uranium for oil and gas in utility power plants and industrial heating. The goal of energy research and development is to help achieve these goals and to help minimize the economic, environmental and social impact of our shift from imported energy to domestic sources. The focus of this paper is the implications of the expanded use of coal, and the research and development which may help achieve the above goals in so far as coal is concerned.

Jan 1, 1975

By Frederik P. Agterberg

During the past 20 years, methods of multivariate statistical analysis have been developed on mainframe computers for the integration of geological, geophysical, geochemical and LANDSAT data in mineral resource appraisal. At present, it is becoming increasingly feasible to perform mathematical image analysis of digitized patterns on microcomputers. This has led us to develop a new method of statistical pattern integration for mineral exploration. In this paper, the new method is used to outline, by means of posterior probabilities, exploration targets within small areas of which the prior probabilities for occurrence of new mineral deposits had been estimated by multivariate analysis.

Jan 1, 1989

By J. M. Manka

American mining companies operate many drum hoists that hoist from various depths with varying payloads. This paper will review the procedure of selecting optimum wire rope constructions for these existing hoisting installations. Selection for proposed installations along with recommended hoisting parameters will also be presented. To achieve this optimum rope performance, preventative and corrective maintenance procedures will be reviewed along with examples of rope problems and their causes.

Jan 1, 1992

In the mining industry and in new and expanding fields, such as electronics, nucleonics, and astronautics, a new type of manager has evolved. The name most generally used is project manager. His business is to create a product and the principal means through which he accomplishes this is project management. In this chapter, new information is the product of the project manager; as such the products, for which the computer methods described throughout this volume are designed, fall in the domain of project management. It has been the author's experience that project management is the management tool to effectively direct the information technology function within an organization. The purpose of this chapter is to describe project management and to identify and present a solution to the problems associated with project management in the development and application of computer methods in a minerals environment. Specifically, the problems to be addressed will center around: (1) recognition of the need for project management in terms of business-environmental factors and product characteristics, (2) formulation of a method of operation in terms of organization and implementation, and (3) application of project management to the minerals industry.

Jan 1, 1979

By N. L. Piret, R. J. Wesely, A. E. Melin, A. D. Zunkel

At the end of the sixties new iron precipitation techniques as jarosite, goethite or hematite brought about the new generation of electrolytic zinc plants, thereby terminating the multitude of existing neutral leach residue treatment schemes. Since the eighties, increasing environmental impact considerations urge the conversion of these contaminated waste generating precipitation processes to techniques which either produce environmentally acceptable residues or minimize their formation thereby generating iron-bearing byproducts. Technologies identified and economically assessed include the hematite process either suitably improved or with subsequent upgrading, the iron extraction process and the direct smelting of neutral leach residue to slag and fumed zinc oxide.

Jan 1, 1993