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By M. R. Samis

The great variability of mineral and energy prices has motivated some governments to incorporate a windfall profits tax into their mineral taxation regimes. Windfall profits taxes are a means for governments to capture additional mineral revenue when mineral prices are considered higher than some historic level. Governments need to be aware of the effects of such contingent taxes on the exploration, development and operating decisions of mining companies. Mining companies need to be able to calculate the full impact of windfall profits taxes on the economics of their projects. This paper examines the valuation of a multi-phase copper-gold project in the presence of a windfall profits tax. Real options Monte Carlo simulation is used to characterise the different exposures of the mine owner and of the government to the risky cash flow streams that they receive from the project. The results highlight that Monte Carlo simulation paired with the real option valuation method is able to account appropriately for the differing risk exposures, while the traditional discounted cash flow valuation model is not. Our key conclusion for governments and mining companies is that the impact of contingent tax and royalty terms can and should be assessed using advanced valuation techniques, and the results used to improve contract designs under the constraint of actual and perceived fiscal system stability.

Jan 1, 2007

More than 400 academic, Government, and industry representatives attended the third symposium on ash utilization and technology held in Pittsburgh, Pa., March 13-14, 1973. Sponsored by the American Public Power Association, Edison Electric Institute, National Coal Association, National Ash Association, and Bureau of Mines, the symposium Featured 26 formal presentations by leading experts from Europe and the United States on all major phases of ash production, utilization, and research. Abstracts of all the papers are grouped right after this introduction, and the full symposium proceedings follow. Sponsoring organizations and their chief representatives were the National Coal Association, James R. Garvey, Bituminous Coal Research, Inc.; Edison Electric Institute, C. E. Brackett, Southern Electric Generating Co.; American Public Power Association, Herbert Blinder, Columbus (Ohio) Electricity Division; National Ash Association, Inc., James N. Covey, Rochester Gas and Electric Corp.; and the United States Department of the Interior, Bureau of Mines, William L. Crentz.

Jan 1, 1974

Ferrochrome is the major chromium source for stainless steel production, and submerged-arc furnaces (SAF) are most commonly utilised to smelt chromite ores into ferrochrome by using suitable carbonaceous reductants such as coke. Because of the complexity of feed structure and electrical-thermal-chemical interactions, there exist large gradients and wide distributions of temperature, mineralogy and other process variables in the furnace. This leads to various zones in the furnace, and different reduction mechanisms. Control of the furnace is thus often difficult due to the complicated physical and chemical situations in the furnace. The temperature profile in the submerged arc furnace has a great influence on the reduction rate and the production efficiency. Therefore, the energy generation through electrical arcs submerged in the solid feed and its distribution within the packed bed play an important role. In the present paper, an overall process model is illustrated to simulate inter-linked transport processes of fluid flow, heat transfer and reduction kinetics within the submerged arc furnace. The application of reaction kinetic data to simulate the chromite pellet/lumpy ore reduction with CO gas is presented and further adjusted to provide a submodel for a flow and heat transfer simulation for the packed bed by using computational fluid dynamics (CFD) technique. The comprehensive process model is aimed to simulate materials and gas flow, temperature and energy distribution throughout the furnace system. A preliminary model for gas flow and temperature distribution for the upper part of a 20 MW furnace (the packed bed) for high carbon ferrochrome production has been developed under simplified conditions. The integration of the reaction kinetic model into process simulation, and the future vision for a more comprehensive process modelling are discussed. It is expected that better understanding of the furnace insights through process modelling will help process optimisation and furnace control.

Jan 1, 2004

By E. P. Youngman

Tantalum is a rare element ; estimates indicate that there is less tantalum than gold in the earth's crust . After remaining a laboratory curiosity for many years , it was used to a limited extent and for relatively few years (1903- 1911) for incandescent electric-light -bulb filaments . Another wave of interest in tantalum appeared when its electrolytic-valve action was taken advantage of in charging storage batteries , especially for radio work . Tantalum chargers were eventually displaced by other types of chargers , but for a time they were manufac tured in sufficiently large numbers to create a demand for the metal and to bring about its production on a commercial scale in the United States . As tantalum became available in larger quantities and at substantially lower prices , and as high prices for platinum encouraged the employment of tantalum as a substitute , the metal was put to many new uses . Ferrotantalum was made and sold before the World War , and patents have been taken out for a number of special alloys for industrial purposes , but probably the largest use for the metal to-day is in vacuum tubes .

Aug 1, 1930

By Lee T. J

The area, A, under a gamma-ray log that passes through a horizontal bed given by: A = gl/k. Here is the equivalent concentration of U3O8 in the body, l the thickness of the body, and k the calibration factor or sensitivityof the logger. The area is independent of the logging speed or logger time constant.This relationship, together with the first moment about the maximum of the log and its value there suflicient to determine the thickness, position of the centre of the bed from the log maximum and the concentration of U3O8.Numerical results obtained from artificial and field data show that the computed results arc as good as those obtained by methods such as the inverse filter technique and the iterative method. The present method yields results that arc easier to feed into an ore reserve data base.

Jan 1, 1981

By E. Yan

Electrostatic separation has been a mainstay of minerals sands flowsheets for over 50 years. Recent electrostatic developments have shown better conductor/non-conductor separation than technology previously available. Results to date show significantly increased separation efficiency over prior-art high-tension roll electrostatic separator (HTR). These improvements allow greater simplification of MSP circuits by minimizing re-circulating loads. The distinct features of the eForce include: 1) A provision that minimizes the affects of particle size to improve separator performance, 2) an enhancement of the design and arrangement of the static electrode providing a greater attraction force for separating fine conductive particles, and 3) inner roll and outer plate electrode configuration to improve separation efficiency and throughput capacity. Key Words: eForce, Electrostatic, Ion bombardment, HTR, Separation Efficiency, Electrostatic Classifier

Jan 1, 2003

By K. Oraee

A comprehensive, harmonic and sustainable development has always been a real concern of state policy makers. To reach such development, regional planning is an approach which is widely applied. This paper deals with policies adopted by a given country with rich mineral deposits, in order to accomplish a mining growth as well as economic development in relatively poor regions. In this regards, first, some worldwide experiences belonging to China, with large scale mining operations and Nigeria with a small scale mining industry, are studied. The mining industry in Iran is then considered as a case study. The study continues by categorizing and prioritizing Iranian regions based on their mining potential and the degree of development, using statistical analysis and Taxonomy and AHP techniques. Results obtained serve to provide recommendations as to where capital investments in the mining industry would produce highest returns. The approach used, together with the practical policies suggested in this paper, can be used to adapt appropriate strategies for mining development in a way that contributes to regional development and a more effective income distribution.

Jan 1, 2012

W. M. PEIRCE, Chairman J. L. CHRISTIE, Past-chairman E. H. DIX, JR., Vice-chairman ALBERT J. PHILLIPS, Vice-chairman E. M. WISE, Secretary International Nickel Co., Bayonne, N. J. W. M. CORSE, Treasurer Executive Committee W. H. BASSETT, JR. R. H. LEACH' D. K. CRAMPTONR. F. MEHL J. A. GANN W. E. REMMERS G. O. HIERS H. J. ROAST JEROME STRAUSS Finance Committee J. L. CHRISTIE, Chairman W. M. CORSE C. H. MATHEWSON T. S. FULLER H. S. RAWDON

Jan 1, 1934

The banded iron formations "jasper bars," jaspilites, banded hematite quartzites or banded ironstones, etc., as they have. variously been termed in Western Australia, constitute one of the most striking features of the Pre-Cambrian in this State. They occur in at least two distinct divisions of the Pre-Cambrian, viz., in horizons interbedded with quartzites, shales and thin bedded dolomite in the N~llagine (Proterozoic) Series; and amongst the Older Pre-Cambrian rocks, associated with the metamorphosed sediments of the Jimperding-Chittering Series, the Yilgarn Whitestone Series and the Mosquito Creek Series, and interbedded with metamorphosed basic lavas, tuffs and sediments of the Older prenstone or Kalgoorlie Series.In the Hamersley Ranges in the north-west of Western Australia banded ferroginous cherts are well developed amongst the horizontal sediments of Nullagine Age. These iron formations have recently sprung into prominence as they have been found to form the host rocks for important deposits of· blue asbestos. They are closely comparable with the unique crocidolite-bearing banded ironstones of the Cape Province, South Africa, and have been described elsewhere in some detail by the writer. (1) t .The banded iron formations with which it is intended to deal principally in the following pages, form most abundantly in the Central and Eastern Goldfields of Western Australia where they form portions of the Older Greenstone or Kalgoorlie Series of auriferous rocks. In these regions their chemical inertness and physical hardness provide considerable resistance to the agents of erosion and consequently they frequently stand out in strong topographic relief in otherwise monotonously flat or gently rolling country. These banded-iron formations have proved of considerable direct economic importance in the goldfields and in other portions of the State because of thei!! associations with 'gold, iron -and to' a lesser extent, manganese; whilst indirectly because of their peculiar nature, form and topographic prominence, etc, they have been of tremendous assistance to the field geologist both in the practical application of methods of geological mapping and in the' elucidation of geological structures. Finally, they have recently acquired a new importance in the specialised search for ore-bearing lodes or for structural information over areas of soil-covered country, as their form and composition make them ideal subjects for the use of either electrical or m!1-gnetic methods of geophysical prospecting.

Jan 1, 1941

By Tony Moore, Peter Riccio

"MMG (Minerals and Metals Group) operates the LXML Sepon’s mineral processing facility located 40 kilometers north of the town of Sepon, in the Savannakhet Province, Lao PDR. The Sepon copper plant produces 70,000 tons/year of LME grade A copper cathode using leachautoclave- SX/EW-flotation technology (Baxter et al., 2003). Pyrite recovery in the flotation circuit is critical to the operation, as it is used to generate acid and soluble ferric ion for the leach circuit. Low pyrite recovery has been an on-going challenge in the flotation circuit. Final tailings characterization work done by Ian Wark Research Institute (Bassell et al., 2006) showed that the pyrite losses to the tailings are made up of a combination of coarse liberated particles and finer particles that have been coated by clay fines.In December of 2005, a joint Cytec-MMG technical program was initiated to address the pyrite recovery issue. A series of diagnostic tests were performed in the Cytec Stamford Research Facility using synthetic plant water showing that the collector was precipitating as a metal salt and was unavailable for mineral attachment. The tests also identified several collector chemistries that would likely be robust in the low pH (< 1), high dissolved metal ion environment and will not complex with metal ions in solution. With the support of the Sepon on-site engineers, an extensive, successful laboratory program was completed, which was subsequently followed by on-plant testing that showed a step wise improvement in pyrite recovery.INTRODUCTIONLow pyrite recovery has been an ongoing problem in the flotation circuit at Sepon. Sulfur recovery (indirect measure of pyrite) was improved from 40% to 65%-75% in mid-2005 when on site laboratory work confirmed that AERO® 8045 Promoter was a more effective collector then AERO® 407 Promoter. However, sulfur recoveries above 65% could never be achieved. Sepon requested the Ian Wark Research Institute to complete a surface analysis study using Scanning Electron Microscopy, X-ray Photoelectron Spectroscopy, and Time-of-Flight Secondary Ion Mass Spectroscopy to determine if clay coated pyrite played a role. It was concluded that the pyrite losses to the tailings are made up of a combination of coarse (+ 100µm) liberated particles and finer (-74µm) particles that have been coated by clay fines. The majority of the losses appear to be due to the former. In December of 2005, a series of diagnostic tests were performed in Stamford using synthetic plant water in order to identify what chemistries would likely be robust in the slimy low pH and high dissolved metal ion solution environment. Results showed that several chemistries would not complex with ferric, ferrous or copper in solution and therefore should perform well in the Sepon flotation. The incumbent collector, AERO® 8045 Promoter was complexing with metal ions in solution. This resulted in the collector not being available for adsorption onto pyrite."

Jan 1, 2011

By A. More, J. M. Míguez, J. Bullón

In 2000 Ferroatlantica started a project with the aim to develop a new casting machine for silicon and other ferroalloys. Until now, it has been cast more than 25.000 tons of silicon for the chemical and metallurgical market. This system has improved the process yield, productivity and product quality which place?s Ferroatlantica at the top of technology development in this field. After the first presentation of the Ferroatlantica?s casting machine at Infacon X, we would like to show the improvements in the control which have permitted us to increase the lifetime of the copper and to obtain, at the end of the machine, the right product size for the customer avoiding the current necessity of crushing and sizing the lumpy metal. Furthermore, we have improved the system in relation to the obtaining of smaller granulometries at the end of casting machine. Not only is this kind of machine cost competitive for special silicon applications but also for other normal ferroalloys with different specifications of size and thickness.

Jan 1, 2007

By Esteban D. Manrique Z.

El presente texto describe la geología estructural de la mina Pierina, Ancash, donde se resolvió los problemas geotécnicos de dicho yacimiento, producto de la geodinámica externa. Asimismo, señala los procesos técnicos ocurridos en el Neógeno durante en la formación del yacimiento como los problemas geotectónicos, de forma que obtenga un modelo geológico adecuado que pueda ser utilizado para el incremento de reservas del mineral y mejore la optimización de las operaciones mineras y se amplíe lla reserva del mineral.

Sep 12, 2011

By Peddie F, Low K, Madgwick J, Rajoka M. I, Gutierrez N, Lim C

Percolation irrigation of low-grade quartz feldspar porphyry ore with pH 2.0 H2SO4 at 510 litres/m2/day using particle sizes 1.7 - 6.7 mm in columns measuring 5 cm dia &#215; 126 cm long was used to study effects of interrupted irrigation (&apos;rest&apos; periods) on metal ion release and leaching bacteria. Copper tenors increased approximately 16 fold and bacterial iron oxidation activity three fold following a 14 day &apos;rest&apos;. A linear relationship between copper tenor and bacterial activity demonstrated that this experimental system was effective for quantitative studies of bacterial leaching in ore colums.

Jan 1, 1981

By Gilles Landry, Mohamed Ourriban, Pierre Pelletier, Ahmed Bouajila, Claude Gagnon

"This paper summarizes the work carried out to develop and implement the gold cyanidation by size class (CSC) process, a novel concept aiming to reduce cyanide consumption.First, the authors will present the methodology and results of laboratory tests conducted to evaluate the response and the expected gains for the selected ore when submitted to the CSC processing. In the second part, focus will be on the methodology behind the CSC scheme development prior to its implementation at Sleeping Giant Mine concentrator. Finally, the evaluation of the modified circuit performance (operating since July 2007) will be addressed as a reduction of cyanide consumption by more than 30% and of free NaCN in the tailings by more than 50% is confirmed.INTRODUCTIONCyanidation is the most widely used technique to extract gold from hard rock ore. Its use of oxygen as an oxidant still makes it the cheapest process available after more than a hundred years. Unfortunately, gold cyanidation is known to be a slow process that requires high consumption of cyanide. In fact, cyanidation plants are designed with very long residence times (Habashi, F., 1967). Drawbacks of long cyanidation times are, among others, loss of gold in tailings, high reagent consumption and high capital investment and maintenance costs.Responding to their members expectations for the improvement of cyanidation process, COREM undertook a challenging R&D program covering the development of alternative concepts (processes) and the understanding and solving of mass transfer, gold passivation and process water chemistry problems. One of the interesting findings of the R&D program is a patent pending process technology based on the cyanidation by size class (CSC) concept (Côté and Ourriban, 2004; Gagnon and Ourriban, 2007; Gagnon and Ourriban, 2004).The new technology was tested at the Sleeping Giant concentrator, a plant member of COREM. The existing flowsheet was modified in order to implement the CSC process in the full-scale plant. The plant has been operated using the modified CSC based process since August 2007. Laboratory testwork was conducted prior to the industrial application in order to properly design the new process scheme. The modifications included:1) Reclassification of the grinding circuit product through an hydrocyclone2) Leaching of the coarse size fraction3) Addition of the fine fraction to the coarse leaching circuit tails."

Jan 1, 2009

By M. K. Sichone

Anglo Platinum?s Waterval smelting complex based in South Africa operates the Anglo Converting Process (ACP) that produces SO2 offgas. This SO2 offgas is treated in a double-contact, double-absorption acid plant allowing for conversion efficiencies higher than 99.90 %. The catalytic converter used in the acid plant to convert the SO2 to SO3 is a 4-bed reactor loaded with a combination of cesium-promoted and conventional vanadium pentoxide catalysts. In June 2008 there was a shutdown, in which one of the main activities was to screen the catalyst. Before this shutdown, the operator would control the converter pass temperatures manually, via the SCADA, especially during plant start-ups after which some of the automatic temperature controllers were used. After the shutdown, the control philosophy was revisited and all temperature controllers were put on auto mode during plant start up. Furthermore the set points of the pass inlet temperatures were reduced to maximize conversion in the first two passes. The result has been a reduction of SO2 emissions, from a daily average of 50 ? 70 ppm to as low as 20 ppm for similar sulphur dioxide and oxygen concentrations. Further work has been done to maintain high bed temperatures in the third and fourth passes at low SO2 strengths by splitting the gas stream between pass 1 and 2 thus increasing the SO2 content in the gas to pass 2. This increases the temperature of the gas exiting the second pass, which results in higher temperatures in passes 3 and 4. Comparison of the converter performance prior to and after the changes is made. The benefits of partially bypassing the first pass to increase the SO2 content in the gas to the second pass are shown. Conclusions and scope for further work have been drawn from the comparisons.

Jan 1, 2009

The following brief paper is intended, to apply to the concentration of the silver-lead ores at Broken Hill, New South Wales, generally, but more particularly to the process as applied to the ores in the Block 10 mine. The attached plans are similar inmany respects to those prepared, recently for the Block 10 company.Most of the information here given is already well known to those members who are conversant with the concentration practices of this field, but it is the writer&apos;s object to give just a few of those figures which he found difficult to obtain when first engaging in practical work. At that time no text-books were at hand from which it was possible to get sufficient details for practical working purposes.It is first supposed that the mine has been thoroughly explored and has been found to contain a lbde sufficient in size &#183;and quality to warrant the erection of a concentrating plant. The points then to determine are:-(1.) The quantity and cost of water available for steam-making and ore-dressing purposes.(2.) The most convenient site for the mill.

Jan 1, 1904

By M Lipalile, A B. Tunono, A W. Naismith

Konkola No 3 shaft experienced severe mining induced stress and time related deterioration in ground conditions in an area where an over-cut and bench (OCB) mining method was used to extract a shallow dipping wide orebody. This caused an unacceptable risk for safe mining operations to sustain the required levels of production. After a review of the conditions it was decided to change the mining method to CASCADE to recover ore in the affected area and modify the OCB method and use a modified over-cut and bench method (MOCB) for new mining sections. This paper describes the geotechnical criteria included to derive the mining standards for the MOCB. The geotechnical risks are identified and taken into account to develop stope design parameters, stoping sequences and support requirements. A monitoring programme to assess conditions as mining progresses is also discussed.

Jan 1, 2005

By Rees J. Llewellyn

Improved product development, assessment methods and evaluation studies of materials for oil sands applications have traditionally focused on low and high stress abrasion and slurry erosion resistance mechanisms, because they were considered to be the predominant wear modes prevailing in oil sands mining, transportation and bitumen recovery. More recently with the very successful introduction of oil sands hydraulic transportation systems, there has been increasing use of crusher systems in which materials of construction are also required to have good toughness and gouging abrasion properties to withstand impact and the severe indentation and ploughing forces that are involved. To assess material property requirements for mitigating this additional wear mechanism, jaw crusher gouging abrasion tests using a modified ASTM G81 procedure, have been carried out on a range of wear materials of interest for oil sands mining service. The method involves a comparison of the wear losses that occur for reference and selected test plates when a controlled amount of standard feed rock is comminuted in a laboratory jaw crusher. Among the classes of material evaluated have been Q&T plate steels, austenitic manganese steel, chromium and chromium molybdenum white irons as plain castings and in laminated forms and also chromium carbide and tungsten carbide overlaid wear plates.

May 1, 2004

By Huayi Yin, Wang. Dihua, Wei Xiao, Xuhui Mao, Diyong Tang

"The world production of crude steel reached 1.55 billion tons in 2012,which generated ~2.5 billion tons of CO2. Electrochemical metallurgy especially through high temperature molten salt electrolysis with renewable electricity stands for a great opportunity for producing “green” metals. In recent years, electrolytic production of iron without emission of CO2 in different molten salt systems has been reported. A cost-affordable inert anode is the key to produce acceptable eco-friendly iron by the novel molten salt electrolysis processes. Based on the authors’ research, this paper will discuss iron production by molten salt electrolysis using a nickel alloy inert anode. On the other hand, the paper also covers a novel molten salt CO2 capture and electrochemical transformation (MSCC-ET) process, in which CO2 is effectively converted to value-added carbon and oxygen in a molten bath using a cost-affordable nonconsumable SnO2 anode.1. IntroductionEnergy and materials are cornerstones to support the development of human society. The traditional primary metal production, especially iron and steel, and electricity production are mainly based on the reactions between carbon (coal) and oxygen (represented by equations (1) and (2) respectively), which produce huge amount of CO2.MxOy + 0.5y C = x M + 0.5y CO2 (g) + Q1 ( 1 )C + O2 (g) = CO2 (g) + Q2 ( 2 )In 2012, the world production of crude steel reached 1.55 billion tons, of which 46.3 %, ~0.7165 billion tons were produced in China. Based on the average level of 1.7t CO2 emission per ton steel, more than 1 billion tons of CO2 generated from steel industry in China in the year. Besides the iron and steel industry, thermal power plant leads the CO2 emission in both USA and China. The total consumed electricity in China increased to 4959 billion kWh in 2012, ~70% of it was from coal fired power plant. The average CO2 emission for electricity production in the typical thermal power plant in China is around 0.78 kg kWh-1. It accounts for ~ 3.868 billion tons of CO2 emission from thermal power plant in 2012 in China."

Jan 1, 2014

By J. B. Conway

RECENT studies of first-stage creep data have led to a special least-squares procedure for use in calculating the Andrade creep-equation constants. This procedure is easy to apply, uses only experimental data, and yields results which do not vary with the individual making the analysis. Taking logarithms of the Andrade equation I = lo(1 +ßl1/3)ekt leads to In l = In lo + In(1 + ßl1/3) + kt A residual can then be defined as the difference between the logarithm of an experimental length value and the logarithm of a calculated length value. Following the usual least-squares approach differentiation with respect to 10 and k of the expression for the sum of the squares of the residuals leads to two equations which cannot be solved directly for the three constants involved. However, values of ß can be assumed and corresponding values of lo and k can then be calculated. Then the sum of the squares of the residuals can be calculated. For a certain value of ß this sum will exhibit a minimum value to identify the least-squares values for ß, lo, and k. An illustration of the application of the above least-squares approach is obtained by employing the creep data for lead originally presented by Andrade&apos; in the development of the one-third creep law. A plot of the sum of the squares of the residuals as a function of ß is shown in Fig. 1 along with the corresponding lo and k values. The minimum is seen to occur at ß = 0.0143 from which lo = 39.149 and k = 7.27 x 10-5. Based on these results the Andrade equation for these lead data is 1 = 39.149(1 + 0.0143 t1/3)e7.27 x 10-5t compared to the equation I = 39.13(1 + 0.01457/l/3)e6.95 X 10-5t developed by Andrade (calculation procedure not given but was probably a graphical solution). Calculating length values using the above equations and comparing with the experimental length values, residuals corresponding to the difference between experimental and calculated length values can be obtained. The sum of the squares of the residuals can then be calculated. For the case of the least-squares approach a value for this sum was found to be 2.37 x 10-3 compared to a value of 3.47 x 10" for the equation originally proposed by Andrade. In other words, while the constants proposed by Andrade provide an excellent fit for the lead data, a still better representation is afforded by applying the least-squares approach discussed above. A similar result was obtained for the lead data at 162oc.l The least-squares approach led to 1 = 9.866(1 + 0.0497 t1/3)el.011 x 10-2t compared to the equation I = 9.94(1 + 0.0433 l1/3)e1.06 X 10-2t given by Andrade. In this case, too, the sum of the squares of the residuals is slightly smaller for the equation based on the least-squares approach. It should be pointed out that a double trial and er-

Jan 1, 1965