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By Tomohide Takeyama, Yuki Yoshida, Masaki Kitazume

"Abstract A series of centrifuge model tests was conducted to investigate the failure pattern and stability of cement treated clay ground having an unsupported vertical slope. The model ground was subjected to monotonically increasing centrifugal acceleration until it failed due to the enhanced self-weight. The test results were compared with the numerical analyses in which the treated soil was simulated by the Smoothed Particle Hydrodynamics (SPH) method. In the simulation, the Dracker- Prager model is employed as the constitutive model. In order to simulate the brittle behavior of the cement treated soil, it is assumed that the unconfined strength is gradually reduced to a certain value which corresponds to the residual strength due to accumulated plastic strain. It was found that the simulation by using SPH method can express the brittle failure observed in the centrifuge model tests.IntroductionBecause of economical and environmental concerns it has become more difficult in recent years to obtain enough soil to construct reclaimed land for airports, electric power plants, manufacture plants and so on. On the other hand, it has become difficult to find and construct disposal sites for waste subsoil or dredged soil. These circumstances have encourage geotechnical engineers at present to use these poor quality materials as filling materials more than they were used one or two decades ago. Several soil admixture methods have been developed to improve their properties and to manufacture high quality fill materials.The deformation and strength characteristics of cement treated soils have been investigated in Japan, which have revealed that the treated soil is characterized by a brittle behavior with quite high compressive strength and quite small strain at failure, and the treated soil with relatively high strength shows tensile failure instead of shear failure. Regarding to evaluate the stability of structures adjacent to or buried in the treated ground, Kitazume (1998) and Kitazume et al. (2003) investigated the earth pressure of cement treated ground by the centrifuge model tests. And they emphasized that the failure pattern of the cement treated ground was much different from that of ordinary ground. After the Hyogoken- Nambu earthquake in 1995, many design codes for the seismic stability were revised in Japan, so that seismic stability must be evaluated more precisely. The dynamic earth pressure of ordinary grounds is usually calculated by a pseudo-static limit equilibrium method based on the Mononobe- Okabe’s method (Okabe, 1924; Mononobe and Matsuo, 1929). This calculation method is also applied to the cement treated ground, although its applicability has not been thoroughly clarified."

Jan 1, 2014

By A. S. Knight

THE breaking and handling of ore is obviously the most important consideration when the layout of a new mine is contemplated. The problem must be attacked with due regard to the claim area of the property, the dip of the orebody, the anticipated percentage of payability, the width of the reef, and the amount of dislocation anticipated by dykes, faults, or sills. Among these, as far as East Geduld is concerned, the three most important items are: Area. 2,640.5 claims. Average dip 12° (from flat to 35°) Average channel width 36 inches. We are fortunate on the Witwatersrand in 'chat there is usually sufficient information available from surrounding properties to determine, within narrow limits, the factors mentioned above. With this information avail-able, the choice of layout is not limited, and it will be found that on the Witwatersrand each group has developed its own technique to suit its individual requirements. On East Geduld, the layout of the property for handling ore is known as the endless-rope haulage system. Following is a brief description of the general principles followed.

Jan 1, 1942

By Robert E. McIvor

"“Classification System Efficiency (CSE)” is a powerful, emerging tool that can be used to increase grinding circuit efficiency. It is defined as the percentage of the ball mill energy being used to grind target, oversize particles. The discovery, validation and current use of CSE, including how it was manipulated, are described through seven plant case studies. These resulted in efficiency improvements ranging from 3 to 30 percent, along with major reductions in over-grinding. The achievable CSE for any given circuit is described. This paper demonstrates both how, and how much, every plant can benefit from increasing grinding circuit CSE.DEFINITIONS: BALL MILL CIRCUIT “CLASSIFICATION SYSTEM EFFICIENCY (CSE)”, “EFFECTIVE MILL GRINDING POWER”: “WASTED/OVER-GRINDING MILL POWER”The closed ball mill circuit is shown in Figure 1. The extreme importance of the circulating load ratio in determining circuit productivity was demonstrated by Davis (1925) and re-published by Guadin (1939), as shown in Figure 2. The circuit production rate increases with increased circulating load ratio, rapidly so at first and continuing to increase more gradually with higher and higher values of circulating load ratio.The underlying cause of this relationship was seen when comparing the ball mill feed and product size distributions from two different ball mill circuits, one with a low circulating load ratio, and one with a high circulating load ratio (Figure 3). While the F80’s and P80’s of these two circuits were close to the same, the mill feed and discharge size distributions were quite different. The ball mill in the circuit with the higher circulating load ratio contained a substantially greater fraction of material coarser than the target P80, as indicated by the respective mill feed and discharge size distributions. This fraction represents the fraction of the mill power being expended on “coarse” (in this case, plus P80 size) material, or the circuit “classification system efficiency.” The “effective mill grinding power” is the total mill power multiplied by the CSE. The compliment of CSE, the remaining fraction of “fines” in the mill, is the fraction of the mill power being wasted, and spent on over-grinding of material already finer than the circuit target product size. This is the “wasted/over-grinding mill power”"

Jan 1, 2013

By M. Hesham El Naggar, Osama F. E. Drbe

"Abstract: The use of micropiles has greatly increased the last twenty years, including applications involving low capacity micropile networks, seismic retrofitting, underpinning of existing foundations and high capacity foundations for new structures. This paper presents a field study of the behaviour of single hollow core micropiles in firm to stiff lean clay. Eight micropiles were installed using hollow bars (76 mm OD and 48 mm ID) with air/water flushing technique and advanced to a depth of 5.75m: six micropiles were installed using 228 mm (9 in) drill bit and two micropiles were installed using 178 mm (7 in) drill bit. All micropiles were instrumented with linear potentiometers to measure the vertical displacement of the micropile head and vibrating wire strain gauges to measure the axial strain at three points along the micropile length. Twelve full scale tests were conducted on the eight micropiles, four monotonic compression, four cyclic compression and four tension tests. Only the results of micropiles tested under monotonic compression is presented in this paper. The full scale load tests and a comparison of the performance of the micropiles with 228 mm and 178 mm drill bit are presented and discussed in terms of load-displacement curves, bond strength and tip resistance. The results showed that the proposed values of bond strength in FHWA give a conservative design of the hollow core micropiles. The micropiles constructed with 228 mm drill bit performed marginallybetter than the micropile with 178 mm drill bit in terms of the ultimate capacity.IntroductionMicropiles have been defined in a variety of ways, but can universally be classified as small diameter (less than 300mm), bored, and grouted in place piles (FHWA, 2005; Bruce et al., 1999; and Scherer et al., 1996). They can sustain axial (compression and tension) and/or lateral loads. Dr. Fernando Lizzi used micropiles in 1952 for underpinning of historic buildings damaged during World War II (Bruce D. A., 1988). Since then, micropile applications have expanded rapidly to include underpinning for existing foundations, in situ reinforcement, and seismic retrofitting and foundations for new construction. In particular, micropiles have graduated from use in low-capacity micropile networks toapplications as single high-capacity foundation.Micropiles capacity is affected by the construction technique, which involves drilling, placing reinforcement, and placing or pressurizing the grout. For example, the drilling method influences the degree of bonding between the grout and the ground, and the placement of reinforcement and the choice of grouting method have an impact on the development of the bonding. Bruce et al. (1997) showed that grout/ground bond is most affected by the grouting method. Based on the type of pressure applied during the grouting process, micropiles are classified as follows (FHWA, 2005): Type A: grout is placed under gravity pressure only using either sand-cement mortars or neat cement grout. Type B: pressures typically in the range of 0.5 MPa to 1 MPa are applied in order to inject the neat cement grout into the drilled hole while the temporary drill casing is withdrawn. Type C: involves two-step process; neat cement grout is first placed in the hole under gravity pressure head only as in type A, and prior to the hardening of this primary grout, a similar grout is then injected via a preplaced sleeved grout pipe at a pressure of at least 1 MPa. Type D: like type C, this type is a twostep process: neat cement grout is placed in the hole under gravity pressure head only (but pressure could be applied in some cases), additional grout is injected via a sleeved grout pipe at a pressure of 2 MPa to 8 MPa once the primary grout has hardened. In some cases, a packer is used inside the sleeved pipe, enabling specific horizons to be treated. Recently, Type E micropile is proposed, which involves"

Jan 1, 2014

By Franklin M. Grynkewicz

As part of the Boston Harbor clean up project, the new 1,000 mgd Deer Island Sewerage treatment plant includes ten 240 feet high egg-shaped "residuals" tanks. Contract documents called for these structures to be supported on 2,600 sixteen inch concrete filled pipe piles. The project site is underlain by highly variable glacial and marine deposits. Subsurface conditions vary from one extreme where firm glacial deposits exist at subgrade to the other extreme where 70 feet of medium stiff clays overlying weathered bedrock must be dealt with. The most common profile consisted of 15-20 feet of sands, 20-40 feet of marine clays, and 20-60 feet of stratified glacial deposits (commonly called tills) overlying Argillitic bedrock. Post bid redesign work, initiated as a cooperative effort between the owner and the general contractor, demonstrated that an $8 million savings could be realized if high capacity 48 inch diameter caissons replaced the specified pipe piles. A highly unusual arrangement of having the general contractor and specialty subcontractor providing input to the owner's engineering team allowed the redesign work to proceed on a "fast-track" schedule.

Jan 1, 1992

The propensity of coal spontaneous combustion can be evaluated using various laboratory testing methods such as R70 adiabatic tests, thermal gravimetric analyzer (TGA) and critical self-heating temperature (CSHT) methods. Each of the methods has its unique characteristics and index for classifying the propensity of self-ignition of coals. Accountable relationships among the propensity indices of different methods should be established. Using the newly established R and TGA testing setups in our ventilation laboratory, samples from US coal mines have been collected and tested. 70 The TGA is a relatively new quantitative method. A test can be conducted in a relatively short time. The temperature and weight of the sample can be measured with high precision and then used to determine the activation energy of the coal which is a good indicator for potential of self-heating. Under a specific experimental design, the TGA technique could perform the proximate analysis for determining coal quality parameters (e.g., moisture, volatile matter, fixed carbon and ash content). These parameters can be used in an empirical equation for assessing the potential of coal self-ignition. The trend of activation energies determined using TGA techniques and adiabatic tests are reasonably consistent with each other. As a case study, a comparative analysis of these two methods for determining activation energy was made on coal samples collected from Indiana. The kinetics of the spontaneous combustion mechanism has been explained. If the functional groups of a coal are easier to be activated with a small amount of activation energy at a relatively low temperature, the coal will has a higher potential of self-heating. With the kinetic and coal quality parameters determined by the TGA setup, it has been found that the coal with low potential of self-ignition has low self-heating rate, high activation energy and high minimum self-heating temperature.

Jan 1, 2012

By Hendrick A. D. Kirsten, A. Clayr Alexander

Stillwater Mining Company is currently developing a second underground palladium and platinum mine approximately 21 km (13 miles) west of their existing Nye operation in the Bear tooth Mountains of southern Montana. Portals for the two access tunnels required at the new site were excavated in limestone talus to accommodate4.6 m (15 feet) diameter tunnel boring machines. A review of the technical design, field conditions and construction of the portals is presented.

Jan 1, 2001

A sinter plant baghouse dust has been treated as a hazardous solid waste, and disposed at a very high price. A series of leaching tests were conducted to examine the possibility to produce high grade potassium chloride from the solid waste. It is found that around 40% of the solid wastes can dissolve into water, and a deposit with more than 90% KCl can be produced after simply drying the solution.

Jan 1, 2009

By T Rock

This paper looks at recent advances in the United Kingdom (UK) tunnelling industry with particular reference to the A3 Hindhead Project. A 1.8 km long twin bore tunnel is the centrepiece of the A3 Hindhead scheme, which commenced construction in 2007 and is being delivered under a UK Highways Agency early contractor involvement (ECI) contract. The proposed construction methodology is progressive mechanical excavation of a horseshoe-shaped tunnel with shotcrete installed close behind the face using robotic spraying equipment. The tunnelling medium is a æsoft rockÆ sandstone for which there was little previous tunnelling experience, requiring extensive geotechnical investigations and an innovative approach to lining design. A 240 m long section though sandy material utilising a steel pipe umbrella is also required. This paper describes the development of the tunnel planning and design including the most recent developments in UK road tunnels. The innovative approach to the design of the following is discussed:the æpermanentÆ primary lining,an observational technique allowing optimisation of the steel pipe umbrella design,a plain concrete secondary lining designed for resistance to a hydrocarbon fire, anda spray-applied membrane.

Jan 1, 2008

Introduction Research has shown that when an emergency occurs, work-ers often do not get the information they need to take appropriate action. Important information about incidents is either not com-municated effectively or not at all to those affected by the event. The "Emergency Communication Triangle" safety talk focuses on the content of emergency warning messages. It presents a procedure using mental cues that can be used by senders and receivers of emergency warnings. The talk includes graphics for use during the presentation, as well as references for more information. Background Interviews with 48 miners who had escaped one of three different underground mine fires revealed that warning information provided to them was inadequate. Either insufficient information was provided to miners inby the fire areas or they failed to ask the questions needed to let them plan and execute an effective escape. Most of the miners who evacuated from these three mines did not have information that would allow them to make decisions about efficient escapes. The communication breakdown came from two directions: (1) the individuals providing the warning did not offer details about the situations even though some were known and (2) the individuals who received the warnings did not ask for clarification of the situation. The lack of information allowed miners to continue attempting to place cues into normal frameworks after they should have evaluated the situation as abnormal and threatening. The uncertainty created by the lack of information influenced their decision-making and therefore their actions. Approach Researchers at the NIOSH Pittsburgh Research Laboratory have developed a training intervention that can be used by senders and receivers of warnings during a mine emergency. This material was developed for use in short safety training sessions such as start-of-shift safety talks. The information can be presented in about 15 minutes. Although the illustrations were taken from the underground coal mining industry, the training can be tailored to any work setting by substituting appropriate examples. How It Works During the safety talk, miners learn about the six categories of critical information that should be provided during emergency communications: Who, Where, What, Miners, Event, and Response. • Who: When reporting an emergency or receiving a warning, the first thing a miner must do is identify himself or herself. This is important because people react differently based on who gives them information. • Where: Giving or finding out the location of the problem is important. Of the 48 miners interviewed about their escape, only 2 knew where the fire was located. However, this information was known by either the dispatcher or the person who discovered the fire. • What: Miners must tell or ask exactly what is happening. At one mine fire, miners near the phone heard the message to evacuate and went to gather the others on their crew. One worker shouted to a machine operator: "Come on down to the mantrip. We're going out." Because it was close to quitting time, the machine operator thought they were just leaving the section a little early and went through his normal end-of-shift routine, wasting valuable time. After giving or obtaining the three initial pieces of critical information, miners can then give or obtain details about the response in progress. • Miners: Is anyone hurt? Has everyone been accounted for? When and where was a missing person last seen?

Sep 1, 2004

By Delon Hampton, Francis K. Mensah-Dwumah

INTRODUCTION The state-of-the art in the area of soil-structure interaction is not sufficiently developed that one can accurately predict the earth load distribution on buried structures. This lack of knowledge has led to the use of high factors of safety in their design and conservative assumptions for the loading diagrams. As a step towards the improvement of the design methodology for buried structures, it is important to be able to apply new analytical techniques and monitor the performance data obtained on full-size buried structures. The performance data should preferably include: 1) the actual stress distribution on the buried structure, 2) stress distribution in the buried structure and surrounding soil media, 3) vertical and lateral movements in the soil adjacent to the buried structure, and 4) deflection of the buried structure. Brown (1967), Davis (1972), Krizek, et al (1974), Krizek and MacQuade (1978), and some few others have compared the performance of full-size culverts with finite element results. Despite all these efforts, a complete understanding of the soil-structure interaction problem has not yet been fully achieved. In an effort to make improvements in the existing design procedures for buried structures constructed in an open-cut, the Department of Environmental Services (DES), Washington, D.C., in conjunction with Howard University, undertook a detailed study of Section II of the Capitol Hill Relief Sewer (CHRS). Inclinometers were used to measure lateral movements of the excavation wall and the total normal interface stresses acting on the concrete sewer were obtained using glotzl total pressure cells. This paper describes the results of the field instrumentation program for acquisition of data, their comparison with the design assumptions, and the results of a series of post-construction finite element analyses of the CHRS project.

Jan 1, 1979

By C. A. Stiles, J. W. Nyhus

Erie Mining Co. is a 10.3-million-tpy pellet producer on the east end of the Mesabi Range 60 miles north of Duluth. Its complex includes facilities for mining, crushing, grinding and beneficiation in addition to a pellet plant and power plant. A 74-mile railroad links the mine and plant to Taconite Harbor on the shore of Lake Superior. The concentrate recovery ratio at Erie is about 1: 3, and this, along with stripping activity, makes it necessary for the company to mine nearly a million tons of material a week. At the outset, all crude ore mined at Erie was hauled entirely by rail, but with expansion into additional mining areas, the company made a gradual transition towards truck-to-rail haulage. Today, in Erie's 11th year of operation, over 50% of all crude taconite mined is transported by truck to loading pockets where it is transferred to rail cars. Future years will see more taconite moved in this manner. Thus, the company has an increasing interest in tire performance.

Jan 6, 1969

By Allen Chung, John Twomey, Christopher J. Greet

"It is widely accepted that the type of grinding media has an impact on the grinding chemistry and subsequent flotation behaviour of the sulphide minerals being separated. There are countless laboratory investigations demonstrating that inert grinding media produces more oxidising pulp potentials, reduced levels of grinding media corrosion products and superior concentrate grades and valuable metal recoveries. However, taking these results to industrial scale has proven difficult.Work conducted at the Ernest Henry Mine, in north western Queensland, Australia, at laboratory and pilot plant scale clearly indicated that using a high chrome grinding media resulted in significant improvements in both copper and gold recoveries. However, advancing this work to plant trial represented considerable financial and technical risk to the mine.This paper provides details of the protocol developed and used during the high chrome grinding media plant trial. It describes the test regime employed to measure changes in pulp chemistry, and the statistical methodology utilised to interpret the results. The work also highlighted the need for close cooperation between the metallurgists on site and the researchers conducting the trial.To date, the trial has produced excellent results: indicating that the copper recovery has improved by about 2 percent. The successful application of high chrome grinding media to the Ernest Henry ore has increased metal value by $18.7 million USD per annum based on current spot price for copper.INTRODUCTIONTheoryThe application of electrochemically inert grinding media to mineral systems has been extensively studied (Table 1). Broadly, these studies indicate that most sulphide minerals are more noble than the grinding media used during comminution. Therefore, the sulphide minerals are cathodic with respect to the forged steel grinding media, and the following reactions apply:"

Jan 1, 2011

By Peter Mitschke, Friedrich Rosenstock, Heinrich Meiler

"The development of the Centrifugal Mill jointly by Chamber of Mines (Johannesburg) and LURGI GMBH (Frankfurt) had been described by L. Kitschen e.al. during the 14th IMPC at Toronto in October 1982. Further investigations, using a 55 kW semi-industrial mill, installed at LURGI's Research Laboratories, were concentrated on efficiency and wear in grinding.The test results showed, that efficiency increases when increasing the ball load between 60 and 80 % by volume. Furthermore, the efficiency is increased by speeding up the mill, thus increasing the centrifugal force to up to 14 times the force of gravity. Applying these findings to grinding of a Canadian iron ore spiral concentrate, a saving in grinding power of 30 % was experienced, when comparing with ordinary wet ball milling.Investigations of several shapes of the grinding chamber cross section and linings and several types of materials showed, that no increase of liner or ball wear will occur compared to conventional ball mills when choosing suitable lining patterns. 1. DEVELOPMENT OF THE CENTRIPUGAL MILLThe centrifugal mill was developed with the aim of finding a grinding unit that can operate at a higher power concentration than the conventional tumbling mills.LURGI felt the necessity for such a mill in connection with a hydrometallurgical process developed at the beginning of the seventies, which incorporated an activating grinding step as one of the essential process features. At that time, the Chamber of Mines in Johannesburg was investigating possibilities of underground wet grinding and preconcentration of gold ores aiming at a decrease of mining costs by reducing the quantities, especially for mines operating at depths up to 3600 m, by changing over from rope hoisting to hydraulic transportation systems. After the Chamber of Mines had initiated the development work on its own, in 1974 a cooperation between the two organisations was started."

Jan 1, 1985

By Albert Wraith, Thomas Price, Wayne Boyd, Skip (I. E. ) Hills, Cameron Harris

Most Peirce-Smith converters inject air through tuyeres, with nitrogen representing the majority of gas passing through the process. The nitrogen controls the temperature of the vessel by carrying away heat from the reactions, both globally and locally at the tuyere tip. However, nitrogen adds energy to the bath and contributes to splashing and limits the blowing rate. High oxygen smelting has made streams of gas containing high concentrations of sulphur dioxide commonplace, which can be used to substitute SO2 for nitrogen and drastically changes Peirce- Smith converting (and all other smelting/converting processes as well). Less SO2 is required to carry away the same quantity of heat, which allows higher concentrations of oxygen and leads to the possibility of increased production. The paper investigates this substitution, its impact on converter productivity, and on the remainder of the plant. 181

Jan 1, 2009

By Thierry Bernard, J. M. Laboz

2000 HIGH-TECH SEMINAR Blasting Technology, Instrumentation and Explosives Applications

Jan 1, 2000

By Faruk Oksuz

The owners of large infrastructure projects are challenged on how to implement sound engineering and construction contracting strategies that address their prime expectations: a quality job, on time and within budget. With the increasing number of large engineering and construction projects worldwide, owners continue to search for alternative contracting strategies to address their risk, quality, sustainability (operability and performance), schedule, and budget concerns. Coupled with the shortage of resources, delays, political pressures, and other obstacles in procurement and negotiation processes, engineers and contractors are also looking for creative ways to optimize contract packaging strategies for efficient and successful project delivery. This paper compiles an array of decision making criteria and suggests a balanced evaluation, ranking and selection strategy in procurement of both engineering and construction services for large tunneling and other infrastructure projects. A number of owners? general preferences and viewpoints are discussed on large tunnel programs encompassing water and wastewater conveyance systems, pump stations and treatment facility upgrades. Contract packaging strategies and project phasing and segmenting alternatives for preliminary engineering, final design, construction management, and actual construction of facilities are featured for several large water and wastewater infrastructure projects. While the selection (and the relevant selection process and criteria) and performance of service providers, whether for engineering or construction, have profound effects on the outcome of any given project, this paper only examines strategies for con-tract packaging. More specifically, the authors evaluated case studies and developed a range of recommendations for packaging of large water and wastewater infrastructure projects with multiple components.

Jan 1, 2008

By E. G. King

The literature contains little thermodynamic information regarding inter-oxidic compounds of the ferroalloy elements and, as a result, thermodynamic considerations of extractive and utilization processes involving these elements have been hampered. As part of a Bureau of Mines program to improve this situation, this paper reports the heats of formation of three calcium vanadates and two magnesium vanadates. There were no previous similar data for any of these compounds. The experimental method was hydrochloric acid solution calorimetry, using calorimetric reaction schemes involving the vanadates and their component oxides. The results were expressed as heats of formation from the component oxides and from the elements. Corresponding free energy of formation values were calculated. The data show that the calcium and magnesium vanadates are stable with respect to all possible decompositions in which vanadium remains pentavalent. This conclusion is similar to the one drawn by Koehler6 for three sodium vanadates.

Jan 1, 1962

By J. E. Sepulveda, R. Morrow

"The Linear Wear Theory provides a reliable framework for the assessment of grinding media performance at full scale. This theory can be applied for analyzing grinding media consumption rates in any given grinding operation as well as the evaluation of alternative grinding media products, based on actual operational data, correcting for conditions like ore hardness, feed and product sizes, mill power and circuit throughput; all of them unrelated to the grinding media intrinsic quality attributes. A series of Moly-Cop Tools 3.0 applications have been developed to facilitate the calculations involved. Moly-Cop Tools 3.0 is available, free of charge, to all interested parties through the corresponding author.INTRODUCTION Mineral grinding circuit operators recognize the significance of grinding media (balls) consumption on the cost structure of any full scale grinding facility. The effective cost associated with this essential consumable depends on two factors: delivered price and durability (quality) of the grinding media. When evaluating alternative grinding media varieties, there is a well accepted evaluation criterion by which a given media type is considered to be “cost-effective” when its unit application cost – normally expressed in $/ton of ore ground – is shown to be lower than that of a nominal reference condition: Grinding Media Cost = Ball Price x Ball Consumption (1) ($ /ton ground) ($/ton balls) (ton balls/ton ground) Under this criterion, an alternative, higher-price grinding media product could be “cost-effective” if its associated consumption rate is sufficiently lower than the reference media, enough to yield a lower grinding cost, as dictated by Equation 1. For the proper application of the above criterion, evaluators must rely on representative indicators of grinding media quality, ideally independent of most mill operating conditions. In each particular case, ball price is always a known component; however, it is not so evident how media performance (quality) differences amongst alternative product types could be assessed with a reasonable degree of accuracy and precision."

Jan 1, 2014

By R. A. Leveille, M. D. Doggett

"Economic returns for the copper industry have been assessed by building cash flow models for each of the 100 new mines brought into production over the past 20 years. Ninety-one of the 100 new mines returned the assumed 8% cost of capital and generated a positive net present value (NPV) at the development decision point. Economic criteria for individual mines are highly variable with NPV ranging from -$111 million (-$111M) to +$3850M (all money values are presented in United States dollars) and internal rate of return (IRR) ranging from -8% to +95%. The copper industry collectively would generate approximately $39 billion dollars in NPV through the development of the 100 new mines.The returns to exploration ($174M per deposit) were measured by deducting the cost of exploration per deposit ($221M) from the returns to development per deposit ($395M). Overall, the copper business has provided positive returns to exploration. However, the variability in returns across deposits means that only 41 of the 100 new mines can carry the average cost of exploration. The long lead times and high costs associated with exploration result in only those deposits with large amounts of contained copper being able to cover the average finding cost of the industry.The returns to development and exploration are shown to be highly sensitive to the cost of capital and metal price assumptions. With respect to deposit type, porphyry deposits are both larger (NPV) and exhibit lower profitability (IRR) than the nonporphyry deposits. On a geographic basis, returns to development and exploration are higher in Chile than elsewhere, reflecting the larger average deposit size and lower average exploration cost per deposit."

Jan 1, 2009