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By Prosper Lamothe

El presente texto describe la metodología ad-hoc para evaluar proyectos de Inversión estratégicos a través de la flexibilidad y la teoría de opciones reales. La clave de dicho enfoque metodológico radica en realizar la mejor proyección del precio de los metales aplicando las mejores prácticas mundiales al respecto. Para ello, se analizan una gran variedad de modelos concluyendo que el mejor modelo a aplicar, debe ser la simulación del precio del metal con reversión a la media con saltos de tipo aleatorio.

Sep 9, 2007

By Grant R. J. Bearss

Due to environmental concerns in urban construction, many typically simple projects become very complex or feasibly impossible. The introduction of relatively new concepts has redefined "impossible", again simplifying these projects and making them "possible". Case Study One covers the use of Pressed-in Tubular Piles on portions of the Long Island Expressway in Queens, New York. Innovations in the design, material and installation method solved many typically inherent problems on projects of this type and resulted in cantilevered walls that supported a 35ft (10.668m) excavation. Design predictions and actual measured deflections of this wall were within millimeters. Case Study Two covers the use of Pressed-in Tubular Piles on portions of the Hodogaya Bypass in Yokohama, Japan. Innovations in equipment development allowed for a cantilevered retaining wall to be constructed without affecting the adjacent right-of-way, dramatic reduction of the overall construction duration and installation of tubular piles in soils with SPT N values greater than 160.

Jan 1, 2002

By Arturo Cavero

El proceso de extracción del oro como operación minera es importante ya que permite un porcentaje de su recuperación enel pad. Sin embargo, a partir del año 2000 se desarrolló problemas con este proceso, ya que la solución cianurada de regado no percolaba igual que en el mineral inicial. En este sentido, el presente trabajo describe el proceso del englomerado como el método más apropiado en la lixiviación del mineral. Para ello, es necesario determinar las variables y rangos que influyen en la extracción del oro, incrementar el porcentaje de extracción en las pilas de lixiviación y determinar un modelo matemático en función de las variables estudiadas que describa el fenómeno, de forma que se obtenga una mayor recuperación del oro, manteniéndose los valores de el nitrato de potasio, humedad del minera y el ratio del riego dentro de un rango óptimo, sin un mayor costo de operación

Sep 13, 2001

By A. M. Hearn, J. G. Roos

Energy consumption, being a large proportion of the input of the ferroalloy production process, can be measured in terms of the efficiency with which the energy is utilized and the effectiveness with which it is used. The efficiency of the usage of energy revolves around the specific consumption of the energy for the production of the alloy, which encompasses the thermodynamic aspects of the process and is more of a metallurgical function that will not be addressed further in this paper. The effectiveness with which the energy is utilized is determined by the optimisation of the electricity supply from the utility (in this case Eskom). The South African electricity supply industry is on the brink of considerable restructuring, implying changes in ownership, structure and regulation. In other countries, however, restructuring has often seen higher prices. Owing to the diversity of growth prospects in South African markets, Eskom is turning to new market management and generation strategies. In future, Eskom will develop pricing strategies to increase demand from attractive customer segments such as paper & pulp, iron & steel, aluminium, and other metallurgical industries. There will be a broader spectrum of product offerings, including dynamic pricing options and demand-side management incentives. In a future electricity market that will become more dynamic and demanding, it will become increasingly important for electricity consumers to optimise their electricity supply. There are many facets in optimising the electricity supply, which include optimal utilisation of the tariff, integrating energy cost management into the production planning process, implementation of demand-side management actions, modelling, scenario planning (.what-ifs?.), optimisation, maintenance scheduling coordinated with the tariff periods, etc. This paper gives consideration to the status of the development of technology at the manganese alloy works of Samancor at Meyerton, South Africa in order to increase the effectiveness with which energy is utilized.

Jan 1, 2004

By Paul Kunze

When a new bridge was needed across the upper reaches of the Yellowstone River in Montana, removing the old concrete bridge piers became an environmental concern for the highway department engineers. The location is about fifty miles downstream from the north edge of Yellowstone Park. The determination was made by the federal and state agencies charged with protecting the resource, that the old piers had to go but the river bed had to remain unchanged. Concerns were expressed that removing the concrete presented the potential for environmental damage to this protected portion of the river. These concerns prompted the state to place stringent restrictions on the contractor in the way they carried out the demolition and disposal of the piers. The reinforced concrete masses had to be removed to an elevation at least fifteen feet below the river bed and every bit of concrete debris had to be removed from the river channel. Explosive removal was discouraged, but the only other options: saw cutting, mechanical or chemical breaking, were not viable.

Jan 1, 2014

The sulphides can be arranged in a series determined by the relative amounts of ionic and covalent bonding present. This series is similar to the paragenetic series common to most sulphide ore deposits. Investigation of the surface tensions of the corresponding heavy metal iodides by the maximum bubble pressure method throws some light upon this relationship. It is shown that the surface tension of molten iodides decreases as the chemical bonding within them becomes more covalent. These results are interpreted in terms of the constitution of the melts, and are extended to cover the case of sulphides in solution in a silicate melt. It is concluded that sulphides tend to lower the surface tension of silicate melts and that this tendency becomes greater as the bonding within the dissolved sulphide groups becomes more covalent. A possible relationship between this conclusion and the origin of paragenesis in sulphide ore deposits is indicated.INTRODUCTIONIt is well known that the order of deposition, or paragenesis of sulphide minerals is remarkably similar in hypogene ore deposits throughout the world. This widespread similarity points towards the operation of some fundamental process which must be intimately connected with -the genesis of these ores. A correct interpretation and understanding of the causes of paragenesis in sulphide ore deposits would shed much light on the origin of these deposits.In Table 1 a simplified paragenetic series for sulphide minerals is presented. In most cases, only the most important sulphide of any particular element has been included. The object of this procedure is to simplify the following discussion. Furthermore, it should be realized that this series is only a generalization and that exceptions and reversals of position are quite common. Especially does this...

Jan 1, 1956

By Donald E. Raab, Lee W. Saperstein

INTRODUCTION The Premise Not much time has to be spent in a tunneling project to realize the tremendous interdependence that exists among the various unit operations. The research that is to be described attempts to examine one set of these linked operations, namely, the effect of cutters on muck handling properties. All too often research focuses on too minute an aspect of a problem for the results to be of much immediate, practical use. The goal of this research is to avoid this specificity. Apologies are tendered if this goal is missed. It is known that the mode of flow of bulk solids under the influence of gravity -- emptying a bin or hopper -- is dependent on several basic parameters. The size of the particles and the distribution of sizes (consist) determine whether the solids will first flow out of a given aperture; the cohesion of the solids will determine if flow will continue after the bin is opened; and the angle of internal friction determines the size of the flow regime (1,2,3). It is well understood that the latter two parameters affect the behavior of bulk material on a conveyor belt. Cohesion of material to a belt is always an undesired problem. Heaping of material on a belt depends on the material's internal friction. It is also known that varying the particle size, and the packing density of the material can affect the material's angle of internal friction (4,5). The question was posed whether sufficient variation in a mechanical tunneling machine's (mole) cutting function could be arranged to affect materially the handling properties of the muck

Jan 1, 1974

By L. C. IlsLey

"This paper is intended for State mining inspectors, safety engineers of mining companies, and others interested in electrical safety inspection in mines, It presents the important points that should be watched by inspectors, and briefly reviews the work of the Bureau of Mines in the testing of electrical apparatus or equipment to determine their permissibility for use in gaseous coal mines.Important Points in Inspecting Mine Electrical Installations or Equipment.The following questions are intended as suggestions to a safety inspector who may not have been specially trained in looking for defects in installations or in the maintenance of electrical equipment:1.,Is there someone in charge of electrical equipment who is fitted for this position by ability, training and experience?2.,Is a systematic recorded inspection of electrical equipment made at least once each month?3.,Is a plan map of the mine kept showing all permanently installed electrical machinery and apparatus, including cables, conductors light etc.?4.,Are there instructions for resuscitation from electric shock posted in each surface and underground electrical station, also at the entrance of the mine and in the first aid station and are employees working on electrical equipment trained to apply these instructions in case of accident?"

Nov 1, 1923

By B. J. Moore

This publication contains analyses and related source data for 675 natural gas samples from wells and pipelines in 24 States and 5 foreign countries. The samples obtained and analyzed during calendar year 1980 are included in tables 1-4. Those samples included in tables 5-7 were collected during the years 1960 through 1979. However, permission to publish the analyses of those samples was not given until the past year when the operators were again contacted to seek release of the information. All of these samples were collected as a part of Bureau of Mines investigations of the occurrences of helium in natural gases of countries with free market economies. This survey has been conducted in the United States by the Bureau of Mines since 1917. In late 1965, the survey was expanded to include foreign gasfields. The analyses published herein were made by mass spectrometer and a special helium analysis apparatus, which are described in Bureau of Mines Bulletins 4862 and 576. The results of the investigation of the occurrences of helium are published annually to make the information available as soon as possible to the gas industry and the general public. Twenty-two previous publications have presented the results of 12,152 gas analyses made prior to 1980. The first three, Bulletins 486,' 576,5 and 617,6 contain analyses and related source data on 5,218 gas samples collected from 1917 through 1980. The other

Jan 1, 1981

By A. Monomakhoff

If a conductor traversed by an electric current is broken, a conduction forms in the air between the two broken ends of the wire. This conduction manifests itself in an initial phase by an electric spark and, in a second phase, by an arc if the the circuit continues to supply sufficient power. This arc goes out when the distance between the two ends of the conductor becomes sufficiently large. If the break occurs in an explosive atmosphere, the energy contributed by the arc can cause an explosion. To avoid such accidents, electric circuits that may be utilized in hazardous atmospheres can be made "intrinsically safe". The investigation which we conducted is part of a research project on the intrinsic safety of arcs of high intensity but short duration, in the case of resistive circuits. We developed an electronic system which makes it possible to limit the duration of an arc at the level of the break of a conductor traversed by a current with a possible maximum intensity of 80 amperes. This experimental device for monitoring and measuring the parameters of the arc has shown that arcs of high intensity but with a duration limited to a few microseconds do not ignite an explosive methane-air mixture.

Jan 1, 1975

By F. D. Everett

This report, based on information made available by four uranium-producing companies, describes the geology, exploration, open-pit development and mining, and shaft sinking in the Gas Hills uranium district of Wyoming. Open-pit stripping features motor-scrapers push-loaded by crawler or rubber-tired tractors. The ground generally can be ripped, and little blasting is necessary. Detailed data are given on grouting for ground stabilization in sinking a small-diameter shaft in the relatively unconsolidated sandstone and siltstone, Cost and performance data are presented as made available by the companies.

Jan 1, 1963

By F. D. Everett

This report, based on information made available by four uranium-producing companies, describes the geology, exploration, open-pit development and mining, and shaft sinking in the Gas Hills uranium district of Wyoming. Open-pit stripping features motor-scrapers push-loaded by crawler or rubber-tired tractors. The ground generally can be ripped, and little blasting is necessary. Detailed data are given on grouting for ground stabilization in sinking a small-diameter shaft in the relatively unconsolidated sandstone and siltstone, Cost and performance data are presented as made available by the companies.

Jan 1, 1963

If one can embrace the medical analogue, much of the mining industry currently suffers from a massive bacterial infection. When pyrite-bearing or sulfide-bearing rock formations, tailings, or mine wastes are infected by Acidithiobacillus ferro-oxidans, the likelihood of forming acid rock drainage (ARD) is almost guaranteed. The ?pharmacy? of antibiotics available is extensive, ranging from solid alkaline amendments like limestone to liquid ?medicines? such as sodium lauryl sulfate, sodium thiocyanate, waste milk, and bipolar lipids. Unfortunately, the ?geo-medical? teams of geochemists, microbiologists, engineers, and mine managers lack the tools to surgically apply these active ingredients where they are needed most with a minimum of waste. Distribution of fine grained limestone on the surface of an acidic mine waste dump is analogous to applying a bandage soaked in antacid to treat an upset stomach. The implementation of up-to-date best management practices has not healed the patient; an equivalent combination of hypodermic needle, cyber knife, and arthroscopic probe is clearly needed. Using an engineered, flow-able or pumpable foam or pHoam? as the medicinally analogous ?dextrose delivery solution? for solid and/or liquid ?geo-antibiotics?, the authors have combined off-the-shelf technologies that have been previously applied in solving geotechnical problems in the mining industry. A patent for the innovative process is pending. This paper discusses method concepts and the advantages it could provide over conventional BMPs.

Jan 1, 2012

By A Giblett, R Dunne, D Appelhans

There are a number of hurdles that must be negotiated in order to design an effective gold ore treatment facility such that the expectations forming the basis of project economics are valid and can be achieved in practice. Selecting samples based on geometallurgical context, performing and interpreting testwork relevant to the selected process flowsheet are essential considerations towards achieving this aim. This paper discusses recent experiences in process development for free milling gold ores giving consideration to frequently encountered challenges of this nature.CITATION:Giblett, A, Appelhans, D and Dunne, R, 2013. Considerations for effective gold process development, in Proceedings MetPlant 2013 , pp 445-454 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 15, 2013

By A A. Ndiaye, A Galli

In a companion paper on current hedging practices in the mining industry (Armstrong et al, 2009) we showed that contrary to popular belief, mining groups are still using financial derivatives to hedge against foreign exchange risk and interest rate risk, and more recently against adverse changes in energy prices, notably the oil price. This paper presents a case study on a hypothetical gold mine to illustrate the impact that hedging policies could have on its profitability by reducing the downside risk due to adverse changes in the exchange rate and increases in fuel prices. The characteristics of the hypothetical mine have been set to reproduce those of a real gold deposit, the Kisladag mine that is currently being exploited by open pit methods in Turkey. This mine was selected because its feasibility study was available to the public. Geostatistical simulations are used to reproduce the inherent uncertainty on the recoverable reserves û stochastic simulations are used to generate the variability of the other three key sources of uncertainty: the gold price, the cost of energy and the exchange rate. A simple strategy based on straightforward vanilla options (puts and calls) was developed for hedging the last two risks, on the assumption that the company sells its production at the prevailing spot price.

Jan 1, 2009

By Eugene R. Rice

There are many methods for determining the meridian, but all of those in common use involve at least two separate observations, one for latitude and one for azimuth. Such observations made upon a south star at any hour are open to the objection of possible inaccuracy due to ignorance of the absolute refraction, and also to slow change in the altitude of the star when near the meridian. The method of observing a circum-polar star at elongation. besides requiring a separate observation for latitude, is open to the serious objection that clouds may obscure the star at the critical moment. Moreover, a tedious wait for the star to come to elongation is sometimes necessary. Many of us can recall 'long, cold, weary vigils, waiting for Polaris to reach elongation. For observing a circumpolar star at any hour, not only the latitude, but also the true time, must be known. This it is practically impossible to obtain, except in regions reached by the telegraph, and usually then one has to know the longitude also, in order to reduce " standard time" to " local time." The results obtained by this method, when the star is at culmination, are not very good, unless the true local time is absolutely known. The methods of obtaining the nleridian from the sun, by means of a solar attachment, or by direct observation, while good, are not absolute, by reason of refraction, change in declination of the sun, and small change in vertical angle, when the sun is near the meridian. For these two methods, latitude, time, and approximate longitude have to be known. In the method here described, only one observation is needed, and from it are computed azimuth, latitude, aud sidereal time. In other words, one call observe a circumpolar star—Polaris

Jan 1, 1911

The condition of the domestic mining industry is obviously affected by the cycles in general business conditions. This study, the results of which are presented in a series of 78 charts, attempts to examine the interrelationships between the general business indicators and the major statistical measures for the base-metals industries during the cycles in the United States economy following World War II. For these industries the cyclical problem is perhaps less acute than the secular-trend problem. However, short-run fluctuations in production and employment do have very important impacts upon the welfare of the regions which derive a significant portion of their income from base-metals mining and processing industries. Any information concerning the normal patterns of development as the industries enter into a cyclical recession will permit better forecasts and perhaps help promote measures to alleviate the distress that occurs. Also, a systematic study of the comparative movements among the statistical measures during a series of cycles can bring to the fore the economic causation involved, and perhaps, after intensive study, can lead to a better method of short-range forecasting for these industries. This study has not fully achieved these aims. However, observations which significantly aid the interpretation of the current monthly statistics on these commodities are made, and some very general conclusions are drawn. The charts are presented so the interested people can examine them and draw additional conclusions. The charts refer specifically to cyclical analysis. The technique of indexing each cycle to its turning point effectively subordinates the longer term trend movements of the data. Thus, certain general conclusions flowing from this study and from the continuing economic research of the Office of Chief Economist will aid the reader by clarifying the frame of reference within which the charts should be examined.

Jan 1, 1961

Nineteen eighty-seven was a year of significant change in the Bureau of Mines-change to help it better adapt and respond to the wide range of new challenges facing the U.S. mineral industry. The Bureau has been regarded as the world's premier mineral information and research agency. Its authoritative, comprehensive data and its pioneering research have contributed significantly to the minerals position of the United States. Yet no organization in today's complex, dynamic world, with its rapidly advancing technologies, can afford to rest on its laurels. Mission and program must be constantly fresh and relevant to the day's issues and problems. Moreover, rather than reacting to events, the organization must strive to anticipate and prepare for them. It must have a sense-a vision, if you will-for the future.

Jan 1, 1987

Multilevel-multiseam hardcoal mines on the European continent usually consist of a huge network of underground openings, sometimes more than 200 km long in total, with some longwalls operating down to a depth of 1,500 m. While operating several longwalls simultaneously, these mines are making use of a number of stationary and mobile measurement- and analysis units in their main ventilation passes combined with atmospheric measurements on the surface. This paper provides an overview over the systems and technology used and describes the typical set-up of a measuring net. To detect and monitor underground fires through fire gases measurement and -analysis, a mobile underground testing laboratory collects data locally in the area of the fire. These laboratories have proven to be extremely useful not only during the actual fire fighting but also for the long-term gas measurements in critical mine areas. They have repeatedly detected starting fires and have thus given the mine the opportunity to react early and to avoid larger damage. Therefore several mobile laboratory units have now been installed for long-term testing in a number of German mines and similar units are being used in the Czech Republic and Poland.

Jan 1, 2012

[Executive J. V. W. REYNDERS, Chairman WILLIAM H. BASSETT E. DEGOLYER I-I. C. BELLINGER RICHARD PETERS, JR. Finance GEORGE OTIS SMITH, Chairman H. A. GUESS F. JULIUS FOHS Admissions GEORGE D. BARRON, Chairman DAVID LEVINGER P. A. MOSMAN H. K. MASTERS J. A, SINGMASTER Alternates F. G. BREYER C. W. HAMILTON F. E. PIERCE]

Jan 1, 1928