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By Jan Luca Grunow, Ansgar Bendiek, Klaus Böde

According to the Markowitz portfolio theory the value of a diversified portfolio is higher than the sum of the parts of a portfolio, which is an important consideration for the correct valuation. This is valid for real estate portfolios as well as for mining assets (or enterprises). This paper analyses the application of the portfolio theory to a diversified portfolio of assets in the real estate industry and draws conclusions on further research work to be done in the minerals industry. The volume of real estate transactions is increasing over recent years. As such, the nature of those transactions is constantly changing and in some cases portfolios become more heterogeneous as they are composed of different property categories, e.g. locations and types of use. This makes their economic evaluation more difficult. This paper focuses on the acquisition of a fairly heterogeneous real estate property portfolio purchased by “Commerz Real” in Germany in Q4 2019. For economic evaluation the widely used Markowitz portfolio theory (Markowitz, 1952) was applied. It was investigated whether diversification effects could achieve added value in the form of a reduction in risk compared to the sum of their individual components. As a result the findings of this research could be applied to other heterogeneous real estate transactions and even to mine property portfolio or PPP1 project portfolio transactions.

Jun 25, 2023

By M. M. Veras, C. H. Sampaio, A. S. Young, D. Neto, C. O. Petter

"Due to new technological developments, automatic sensor based sorting has made progress within industrial minerals, precious metals, diamond, and coal mining in recent years (Lessard et. al. 2016). In order to re-introduce the technology to other mining sectors, this research discusses its application to iron, manganese, and zinc ores through test works performed by the authors. These test works were performed using Dual Energy X-ray Transmission (DE-XRT) sensor technology. In each case, pre-concentrations of the ore were created demonstrating the possibility to reduce waste material, energy costs, and water consumption while improving product quality of the ores. INTRODUCTION Sorting of mining ores is as old as mining itself (Salter, 1991). Sensor based sorting applications in coal mining began as early as the late 19th century (Louis 1928). New sensor technologies were developed and implemented sequentially for uranium, nickel, coal, and gold mining (Refining, 1949, Rose et al, 1950, Bloomfield et al, 1966, Clayton et al, 1987, Robben and Mosser, 2014). While these sensor technologies were developed decades ago, computational capacity to keep pace with the vast amount of information required utilizing the sensor technology did not arrive until recently (Lessard et. al., 2016). The sensor based sorting (SBS) process was effectively described by Salter and Wyatt in Minerals Engineering in 1991, and Wotruba and Harbeck in 2010 in the Ullmann’s Encyclopedia of Industrial Chemistry under Sensor Based Sorting. Both descriptions include the following key steps: 1. Presentation of the material or particles. 2. Examination or detection of the material or particles. 3. Processing or analysis of the data generated. 4. Physical separation of the material or particles by external means. Effective presentation of the material or particles is achieved when the sensor is capable of identifying each particle individually. This step requires that each fragment of the material be isolated, and it often involves acceleration of the material fragments by chute or mechanical means, as well as the spreading of particles by vibratory feeders (Salter and Wyatt, 1991, and Wotruba and Harbeck, 2010). The isolated particles typically are conveyed into an area wherein they are subjected to electromagnetic irradiation (except in cases of some radioactive ores), either in the form of x-ray, visible light, infrared, or other energies. A wide range of applications for sensor based sorting exists in the literature. The majority of applications fall into one of two camps, (1) pre-concentration of mineral ores, or (2) characterization of the material during processing (Buxton and Benndorf 2013). While there is much to be gained from in-line material characterization and the resulting control both of quality and processing, this article focuses primarily on the camp of pre-concentration of mineral ores."

Jan 1, 2017

By G. Barbery

In Mineral Processing, the objective of most processes is the separation of mixtures of minerals, which are originally associated in composite particles. Feed preparation processes grinding for instance, which take place before beneficiation or separation processes do not usually break particles at the boundary between mineral phases. They produce composite ("middlings") as well as liberated particle. It is therefore necessary, in a particulate system, to determine the proportion of particles which are liberated as well as, ideally, the size distribution of minerals which remain associated in composite particles. Up to now, there has been a lack of experimental techniques to characterize completely composite particulate systems. Heavy liquid separation which is commonly used to obtain information of this type can only be applied to simple binary cases for which one mineral has a low density (lower than e.g 2.8 ). The technique which is proposed in this paper involves the measurement of parameters on polished sections of particles mounted in a matrix, and the use of mathematical transformations to reconstruct in three-dimensions the information obtained from these measurements .

Jan 1, 1977

By W. C. Dailey

The Groveland Mine. Concentrator and Pellet Plant are located in Dickinson County in the Upper Peninsula of Michigan. The construction of the Groveland Mine in 1959 was the first United States operation for the Hanna Mining Company in mining and beneficiating low grade iron formations. (1) The plant produced concentrates at 675,000 lt/yr. (746,600 mt/yr.) which was used as sinter feed in the steel industry from 1959 to 1963. Upon completion of a pelletizing plant in April, 1963 production increased to 1.6 million lt/yr (1.77 million mt/yr) of pellets. After the plant expansion, mill capacity increased to 2.2 million 1t/yr (2.43 million mt/yr.), producing 2.0 million It/yr (2.23. million mt/yr.) of pellets assaying 63.0% iron and 7.0% silica. (1) Prior to April, 1971 the concentrator operated with a flowsheet consisting of spirals and a petroleum sultonate iron notation circuit. This was presented in a paper by R. R. Smith and E. E. Sougstad, "Flotation at the Groveland Mine" in the 50th Anniversary Volume entitled "Froth Flotation". The ore body at the Groveland Mine consists basically of two types of iron formation (34% total iron, 20% magnetic iron head), the most abundant of which is a bedded magnetite-chert-silicate rock. This is intermingled to varying degrees with non-bedded to poorly bedded hematite-clastic quartz-chert rock. (1) In developing the Groveland flowsheet, Humphrey spirals were used because of their ability to produce a coarse size concentrate at a low cost. Tests run in the lab and pilot plant on the Groveland ore showed a. spiral weight recovery in the 27 to 33% range. (2) However as the ore body was opened up, it became evident that the most abundant ore type did not liberate at the coarse size fraction needed for spirals. Plant recoveries for the first five years operating the spirals only averaged from 10 to 15% weight recovery. In 1971 the weight recovery on the spirals had dropped to a low of 5%. To increase iron recovery and at the same time increase plant capacity with the least effect on the present operations the mill flaw-sheet proceeded from a spiral-notation circuit to an all flotation circuit to a magnetic separator-flotation circuit. During this changeover the concentrate grade also had to be improved to meet market demands. To do this the following changes evolved

Jan 1, 1978

By C. B. Clemmens

Accurately predicting ground control conditions before mining requires a comprehensive exploration approach including photogeologic mapping (satellite and low altitude), delta modeling and, particularly, geophysical logging. In situ properties, density; strength indices; grain size; clay content; and aquifer location, can be estimated with this inexpensive technique. Geophysical measurements can be spot-checked by field or laboratory tests on core samples and by hydrologic (pressure) testing. Each phase of drilling should be accompanied by refinement of the delta model, facilitated by log signatures. Measured properties can then be projected into geologically similar areas. A properly planned program will delineate both the "worst-case" and normal support conditions. Suspect areas can be avoided by mine layout and the mine plan can contain support contingencies for anticipated trouble spots.

Jan 1, 1985

By James Corcoran, Richard McLane, Matt Neuner, Joseph DeMello, Hugh Davies

The Los Angeles County Metropolitan Transportation Authority (LA Metro) Purple Line Extension Section 1 (PLE1) is a $3.12 billion USD design-build, underground heavy rail project, connecting an existing station at Wilshire Blvd. and Western Ave. and extending 3.92 miles under Wilshire Blvd, terminating approximately 550 feet west of Wilshire and La Cienega Blvds. The project alignment runs immediately adjacent to the La Brea Tar Pits, world renowned for Pleistocene fossils and continuous seepage of asphaltum (locally known as tar) and gas in an urban setting. This paper presents a successful case history of the planning, design, and construction efforts to safely construct the bored tunnels through Reach 3 of the alignment (between Wilshire/Fairfax Station, and Wilshire/La Cienega Station), in a designated Methane Zone in the City of Los Angeles. Historical context on decades of challenges and studies is summarized. Further, this paper outlines the pro-active partnership between the Owner: LA Metro, the Design Builder: Skanska-Traylor-Shea Joint Venture, and geotechnical design services provided by Golder Associates to safely manage pressurized face tunneling through a confined gas zone near the La Brea Tar Pits. Specifically, a program of in-situ oxidation and soil gas extraction was designed to test and analyze risks associated with pressurized face TBM tunneling through the complex subsurface geological conditions, then implemented during construction. In advance of tunneling, a network of wells was used to draw air into the gas zone to oxidize the 6,500 ppm hydrogen sulfide gas, as well as determine methane recharge rate. During TBM tunneling, the wells were converted to a gas extraction system to evacuate, filter (H2S) and burn (CH4) the gas as the Tunnel Boring Machine passed, providing a preferential pathway for the gas to migrate toward extraction wells, and preventing the migration to adjacent buildings. The team extracted and treated 3,857,000 cubic feet of mostly methane gas over 40 days as the TBMs passed through the zone. Gas behavior, pressures, and concentrations were monitored not only from the extraction system, but also in basements and utility vaults along this section of the alignment.

Jun 13, 2023

By T. Hayashi

A sophisticated process of extracting ultrafine sulfide mineral particles of under 1µm size suspended in clay slurry has been developed through studies of electrochemical properties of particle surface. Experimental procedure and data of the process applied to some clay ores containing sphalerite and pyrite, and molybdenite and other sulfide minerals are reported. Discussions concentrated on the function of process reagents, particularly on various modifying reagents, and on the effect of dispersed or flocculated state of ultrafine particles in slurry which affect significantly the performance of the process.

Jan 1, 1982

By H. Dreissen

Upgrading of low-concentration ores is of growing importance today. The Heavy Medium Cyclone Process, thanks to strong centrifugal forces, effectively separates particles varying only slightly in specific gravity but widely in size. The paper discusses the separation efficiency, the method of assessing that efficiency, and the influence of such factors as medium solids. The operating results of nine heavy medium cyclone plants handling following minerals are reported: barite, wolfram, iron, magnesite, diamond, lead-zinc, fluorspar, rocksalt potash. Highlighted are an improved recovery system for heavy medium and some other developments, such as techniques for separation down to 0.1mm and the application in the field of recycling.

Jan 1, 1980

By Carlos Álvarez, Sergio Sánchez, Michael Mains, Giuseppe Gaspari

Extensive record of tunnels excavated with SEM (sequential excavation method) in swelling grounds exists in literature: global experiences include successful tunnelling both through clayey and rock masses with time dependant deformation. However, TBM (tunnel boring machine) use in swelling conditions with high water pressures (EPB, earth pressure balance, machines or slurry shields) is much less documented, considering the lower expected impact due to the limited stress relief and operations under saturated conditions. This paper summarizes a number of studies conducted as part of the risk assessment and detailed design of a large diameter TBM tunnel in variable and challenging geological conditions. The tunnel alignment is driven through mixed face conditions including swelling soils and clayey soft rocks, prone to intense time-dependent deformations. The paper also describes the approach adopted for the design of pre-cast segmental lining subject to both swelling actions and high seismic loads, due to the regional active tectonic faults. The design of this lining included a detailed parametric study performed to handle the existing uncertainties related with ground characterization, potential deconnement and complex geological congurations.

Jun 23, 2024

By J. H. Canterford

To date, large-scale solution mining has received little attention in Australia, although the potential of this technique has not gone unnoticed. The possibility of long-term damage to the local environment has also been recognized. Because no two orebodies are the same, it is clear that the application of solution mining techniques and the assessment of environ- mental damage will be somewhat different for different orebodies, even though the general principles will be the same. At present the most significant copper solution mining operation in Australia is at the Mammoth (Gun- powder) Mine in northern Queensland. This mine currently produces more than 3 000 t of cement copper a year.1

Jan 1, 1981

By Eugene N. Cameron, Igor N. Sviatoslavsky, Harrison H. Schmitt, Gerald L. Kulcinski

The recent discovery of large amounts of helium-3, a valuable thermonuclear fuel, on the surface of the Moon has prompted engineers and scientists to examine the commercial attractiveness, thetechnological feasibility, and the environmental features of this important resource. The main feature of this fuel cycle is the low (˜ 1%) fraction of energy released in neutrons. Such low neutron fluxes result in important reductions in the amount of radioactivity, afterheat, and radiation damage in a fusion power plant. On the other hand, the high fraction of energy in charged particles and synchrotron radiation can be directly converted to electricity, resulting in very high efficiencies of electricity production (˜60.70%). It has been shown that there is 10 times more energy in He3 on the Moon than there ever was in fossil fuels (i.e., coal, oil, and gas) on the Earth. The techniques and equipment needed to extract the helium-3 have been examined and internationally acceptable mechanisms for the industrial development of this resource have been outlined. This paper expands on the financial, environmental, and technical aspects of the recovery of helium-3 for use in the 21st century.

Jan 1, 1990

By J. R. Nawrot

Reclamation of potentially acid producing coal processing waste requires a 4-foot cover, and/or treatment to allow vegetation establishment. If not planned properly, soil covering alone does not prevent refuse acidification or formation of acid seeps. Adequate neutralization enhancement prior to soil covering can maintain an alkaline environment in the soil refuse interface and prevent acidification. Direct vegetation establishment using only limestone amendment (without soil cover) can successfully reclaim aged and weathered fine (Blurry) and coarse (gob) refuse if adequate neutralization treatment is provided for the oxidized surface zone. Acid seeps, representing an "after-the-fact" verification of an imbalance of acid-base equilibrium may also be corrected using upslope alkaline recharge techniques. Concentrated alkaline recharge pools have been constructed above previously soil covered acid gob at the Peabody Will Scarlet Mine to abate acid seeps. Preliminary monitoring results (1989-1992) from a concentrated alkaline recharge pool demonstration project in the Pit 4 area of the Will Scarlet Mine have documented a 50 to 80 percent reduction in acidity in the principal recharge pool groundwater zone. A 22% reduction in acidity has occurred in the primary seeps located downslope from the alkaline recharge pools. The initial improvements in water quality are seen as a positive indication that groundwater acidity will decrease further and amelioration of the acid seep will continue.

Jan 1, 1993

By S. Mojeddifar, N. Ostadmahdi Aragh, M. Hemmati Chegeni

This work integrated selective principal component analysis (SPCA) with a singularity fractal model to map hydrothermal alterations of argillic, phyllic, and propylitic in the north-west of Kerman city in Iran. SPCA results were provided for short wave infrared (SWIR) bands of the Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) sensor tomap phyllic and propylitic alterations. Also, the bands 5–7 were applied to map the argillic alteration zone. SPCA results could present useful information for alteration mapping but it does not show the purest pixels of alteration. Therefore, a fractal model of singularity was applied to highlight the different alteration pixels in the Kerman Cenozoic magmatic arc (KCMA). Thus, the singularity index of different hydrothermal alteration zones was produced. Comparing the obtained results with the field data showed that Kader, Serenu,Meiduk, and Abdar deposits were acceptably identified by alteration mapping. Also, it seems that the singularity index could not discriminate the hydrothermal alterations of argillic and phyllic. The same spectral signature of kaolinite and muscovite minerals is the main reason for misclassifications.

Jul 20, 2020

By Vasilis Androulakis, Caroline Gerwig, Zach Agioutantis

Mining operations that involve caving of the overlying strata are designed so that caving occurs in a controlled manner by progressive overburden failure. However, there are many cases where the overlying strata bridge over the caved area for longer periods than anticipated and desired. As the caved area expands with the advance of the mining panel, excessive amounts of energy accumulate in the roof strata which will be rapidly released when the overburden eventually fails.

By William A. Riggs

Salt, a non-metallic mineral whose use dates back to earliest history of mankind, and whose uses cover the widest range for any mineral raw material, is generally of widespread occurrence in commercially recoverable quantities in the oceans, in certain sedimentary rocks, in certain lakes, and in certain underground waters. Passing over geological detail, it may be said that, generally, all of the salt in the world has, at least once in geological history, been in solution in the oceans. The total salt content of today's oceans, said to equal 4.5 million cubic miles of rock salt, dwarfs the tremendous volume of salt in the sedimentary rocks. In 1958, United States production of salt was about 22 million net tons and world production about 82 million. About 3 percent of United States production is table salt, with chemical, municipal, industrial and agricultural uses taking the remainder. Mississippi River. Figure 1 has been expanded sufficiently to show also those salt occurrences and producing points which might economically ship salt into these states. Although widespread in occurrence, salt deposits and possible production areas generally show very sharp local boundaries. Salt-for non-table use is susceptible to ?place value?, a common problem in low valued raw materials, where transportation costs often exceed the value of the material f.o.b. the production point. Generally only large capacity mechanized salt producing operations can compete in United States markets, as contrasted to the many small local salt evaporators in less industrialized Mexico.

Jan 1, 1962

By Gary N. Weinrich

Large surface mining projects in sparsely populated regions of the West have the potential to create disruptions in an area's social and economic character with potential effects on man that can far outweigh the physical and ecological effects on man's environment. The data and analyses involved in addressing the socioeconomic issues are additional to those traditionally associated with surface coal mining, such as those concerning land reclamation and water quality. Appropriate socioeconomic studies in conjunction with mine-planning can identify the potential problem areas in order that project measures can be taken to maximize the beneficial impacts and minimize the adverse effects of surface coal mining. The information required to conduct such socioeconomic analyses, available data sources, and the applicable analyses are described. Overall impacts of some proposed Western surface mines are summarized and potential mitigating steps discussed.

Jan 1, 1975

By Robert Rennie, Taylor Davies, Ahsanul Rafi

Electric locomotives powered by extensive electrical cabling systems were prevalent in the mining industry in the early days of the 20th Century [1]. Since the movement of tethered electrical mining locomotives was limited, the advent of diesel-powered mobile mining equipment provided more flexibility. This led the mining industry to be dominated by diesel-powered locomotives for most of the 20th Century and the entire 21st Century, to date. However, diesel power has certain drawbacks. Diesel-powered vehicles produce tailpipe emissions such as diesel particulate matter, carbon dioxide, sulfur dioxide, and nitrogen oxide. Mine workers exposed to these emissions were, and continue to be, subject to health issues such as respiratory problems, increased risk of lung cancer, and cardiovascular disease. [2][3]. Extensive ventilation systems are required to dilute the diesel exhaust and dissipate the heat generated by these vehicles. Moreover, as mines are getting deeper due to depleting resources, ventilation costs in diesel-powered mines are becoming increasingly high. These factors, coupled with the trend towards greenhouse gas (GHG) reduction in mine operations, has allowed zero-emission electric locomotive systems to gain traction. As lithium-ion battery technology is becoming more advanced, battery-powered electric vehicles can now perform duty cycles comparable to those of diesel-powered vehicles. Although battery-electric vehicles (BEVs) are comparable to diesel-powered vehicles in terms of mobility, they have certain limitations. For instance, the amount of onboard energy is limited by the battery energy density and specific energy. The MT42 diesel haul truck from Epiroc, for example, has a fuel tank capacity of 580L, which is equivalent to around 1450 kWh of net electrical energy [4]. The electrified version of the MT42, on the other hand, has an onboard battery with 375 kWh of usable energy weighing around 4.9 metric tonnes [5]. Moreover, storing and refueling of diesel-powered vehicles is simple and quick, whereas battery energy storage and charging systems require extensive infrastructure development. Charging time is mostly limited by battery chemistry and design. Due to these limitations, the benefits of battery-powered mining vehicles are more likely to be realized with proper planning and optimization of the BEV fleet. This includes optimizing mining layouts for BEV use, charging infrastructure design, and management of onboard energy storage systems.

Jun 25, 2023

By Dmitriy A. Malovichko

The general theory for the description of seismic sources is briefly discussed. The effect of excavations on seismic radiation is considered. Expressions for seismic source mechanisms in terms of the geometrical and mechanical parameters of source processes are provided for the following cases: fault slip and shear failure in a confined environment, dynamic stress fracturing around a tunnel, rock fall, landslide and sudden subsidence. A classification of seismic events in mines based on source mechanisms is introduced. The classification separates blast-, slip- and crush-type events. Various approaches of analysis of source mechanisms involving forward modelling and inversion are discussed. The following examples demonstrating the utility of source mechanisms in mining are presented: forensic analysis of damaging seismic events, assessment of the increase in the depth of failure for dynamic stress fracturing around tunnels and its duration, examination of the rockmass deformation regime, assessment of deformation around tunnels using crush-type events, identification and parameterisation of weak geological structures, stress inversion from slip-type events. Finally, the requirements for seismic data to ensure high quality source mechanism solutions are briefly reviewed and future challenges in the interpretation and utilisation of seismic source mechanisms in mines are speculated on.

Apr 26, 2022

By I. R. M. Chaston

Abstract. This paper puts forward the concept of 'radial' plant layout where all crushing, milling and treatment operations are preferably concentrated in one central area and these separate stages are connected by radiating conveyors to and from outside storage areas. This system is contrasted to the more customary system of 'linear' plant layout where the crushing, milling and often the treatment operations follow one after the other in separate buildings. The radial system simplifies and improves contral and supervision to a very considerable extent and can lead to a form of continuous plant operation with the separate sectors shutting down in succession for necessary maintenance while maintaining the overall plant operation. The paper is illustrated with example: from past and recent diamond treatment plant practice in South Africa which demonstrate the reduction in plant labour achieved by this system. Previous objection to this type of layout on the grounds that it inhibited plant expansion are shown to be unwarranted. Radial Layout for Increased Treatment Plant Productivity A great deal of time and trouble is spent by highly qualified and experience( metallurgists in developing the right treatment process for a given ore. This process is then often expressed in a treatment flowsheet of the type shown in Fig. 1 which shows a typical diamond plant. This flowsheet, when completed, is commonly handed over to the mechanical engineers who then design the layout of the equipment indicated on the flowsheet and produce the working drawings upon which the detailed construction of the treatment plant will be based. It is an unfortunate fact that the tedious and time-consuming juggling of equipment and inter-plant transportation is often left to hard-working draughtsmen who, however capable' in their field, lack practical experience in the day-to-day operation and maintenance of the treatment plants they design. As a result many plants have been produced which, while they satisfy the requirements of the flowsheet with minimum capital requirements, cost far more than should be necessary to op¬erate and maintain. It is often possible to change individual items of equipment which do not achieve the performance required of them, but it is usually extremely expensive to change the basic layout of the plant if this should be found to be unsatisfactory. It should therefore be recognised that great care and attention should be spent on consideration of the basic layout of any treatment plant and that the views of both designers and operators should be fully regarded before settling upon the inevitable compromise dictated by the varying requirements of process-engineering and economics. It is unfortunate that this important subject receives such scant regard in the standard ore dressing text books and hand-books, being usually dismissed in a few paragraphs.

Jan 1, 1977

By Ralf Plinninger, Pafos Busch, Richard Gradnik

This paper presents the details of the Bad Bergzabern tunnel project. This tunnel is the main part of the B427 federal road bypass, intended to improve the regional traffic infrastructure and to reduce the traffic load in the historic city centre of the health resort Bad Bergzabern. Located in the south-western part of Germany, the project area is situated at the eastern margin of the so-called Palatinate Forest, a low mountain region of mainly triassic sediments with a complex and variable geological history. The German federal government, represented by the office of mobility of Rhineland- Palatinate, awarded the contract to BeMo Tunnelling, a specialized Tunnelling company with a long history of innovation and success in NATM tunnelling. The contract includes the construction of two separate tubes with a length of approximately 1,44 km (0.9 mi)—the road (main) tunnel with a cross section of 101 m2 (1,090 sq ft) and a parallel rescue tunnel with a cross section of ca. 23 m2 (250 sq ft.) Both are connected by six cross passages. Tunnels and cross passages are excavated according to the principles of the New Austrian Tunnelling Method (NATM). Due to BeMo Tunnelling’s technical expertise and capabilities, the project team was able to engineer a speed-up concept that saves money and time for the construction team and client. This paper presents the innovative approach BeMo Tunnelling made to optimize the execution of the tunnelling works and the challenges the project team is facing with regard to a complicated geological situation, countermeasures against an increasing effect of climate change and volatile prices for construction materials.

Jun 13, 2023