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By S. W. Brooksbank, R. A. Benkis

"IntroductionThe Republic of Indonesia is a developing Southeast Asian country that unites the Indian and Pacific oceans, and spreads across nearly 14000 islands with a total land area of about two million km-. The distance across the country approximates the distance across Canada: Indonesia extends for more than 6000 km from the northern tip of Sumatra to the eastern border of Irian Jaya in the middle of New Guinea. With a population of around 180million, Indonesia is one of the world's most populous countries. A mix of 366 ethnic groups populates the country and there are some 250 distinct languages spoken. The topography of Indonesia generally is quite rugged because of its numerous volcanos. For example, the island of Java has 121 volcanos, of which 15 rise above 3000 m and another 44 reach heights between 2000 m and 3000 m.Indonesia has a diversified resource base, with plentiful energy resources (coal, oil, gas and hydroelectric), significant mineral deposits, large timber potential and a developed system of agricultural commodity production and export. A high proportion of the primary resources are on the sparsely populated islands of Sumatra and Kalimantan, whereas 7'3 of Indonesia's people reside on Java, or on 70/0 of the country's land area. Around Jakarta in western Java the population density is around 8000 per krn2. This contrasts with less than nine people per km- on Sulawesi (Fig. I)."

Jan 1, 1992

By David Forrester

"At the 95th CIM Annual General Meeting in Calgary, 1993, a paper entitled “Progress on Futuristic Mining Technologies” was presented(Matthews and Sarin), in which they outlined the goal of continuous excavation of hard rock and some of the technologies being developed to achieve it. The subject continues to be featured in periodic reviews and articles in the literature, (Gertsch, 1994; E&MJ, 1995). Matthews and Sarin note the considerable success of the development and application of continuous mining technologies in the soft rock under-ground mining industry, especially those in coal and potash, with major benefit to overall production, productivity and economic viability. It is the belief that similar achievements can be realised in the underground hard rock mining which continues to drive the development of hardrock continuous mining technology.This overview has been prepared specifically for this issue of the CIM Bulletin. It attempts to tie together current advancements in continuous mining in soft rock (where remote control and automation are already well established) with the background and status of development in hard rock continuous mining. Following a brief review of key factors and machine types, soft rock aspects are discussed, then a more detailed review is given of hard rock technology, with particular reference to Canada’s HRDK Mining Research Ltd. and their key role.The mining industry has long been at the forefront of technology development, for example, the application of the early steam engine to reach reserves at greater depth for dewatering mines in the industrial revolution. By necessity, the individual characteristics of seams and orebodies dictate the mining method, continually presenting mining engineers with new challenges. One of these is the extraction process itself and the goal of replacement of the drill-blast-muck cycle by continuous excavation. Very soft rocks have always been mineable using some form of cutting, even with primative tools. However, as the challenge has been taken up, technologies have evolved to steadily increase the hardness of rock that can be mechanically excavated. It may surprise some readers that at least three machines have successfully cut and loaded rock with an unconfined compressive strength (UCS) of 250 Mpa to 300 MPa (36 000 to 43 500 psi) in field trials (Table 1)."

Jan 1, 1996

By J. Fixter, P. Prangnell, Z. Pinter, E. Eimer, B. Chehab

"High deposition rate Wire and Arc Additive Manufacture (WAAM) can provide benefits to the aerospace industry, including a reduction in lead time, reduced material waste and, through higher solidification rates, refinement of the as-built microstructure relative to a cast material. However, candidate 2xxx series high strength alloys for this process normally require a solution treatment, which is problematic for large near-net-shape components, and age hardening to achieve maximum mechanical properties. With each layer being subject to multiple thermal cycles, exploiting the thermal conditions in the WAAM process to avoid post-build solution treatment is therefore of interest. A solutionisation model has been developed for the WAAM process, based on diffusion controlled dissolution using DICTRA, which was validated through thermal simulations combined with 2D and 3D image analysis. The model has subsequently been used to simulate the solutionisation behavior during a typical WAAM thermal cycle and to explore what could theoretically be achieved by, for example, refining the starting microstructure.INTRODUCTION There is currently great interest in exploiting additive manufacturing (AM) in the aerospace sector due to several benefits it can potentially provide; including reduced material waste, shorter product lead times and greater design freedom (Herzog, Seyda, Wycisk, & Emmelmann, 2016). However, with aluminium alloys the material properties obtained are generally inferior to those of conventional high-strength wrought products; therefore more research is required to explore the potential for exploiting the unique process conditions in AM to improve the as-deposited microstructure. A range of AM techniques are now available (Debroy et al., 2018), which differ in terms of the feedstock type and power source and it is necessary to match the appropriate technology to a particular application. This generally requires a compromise between the build rate and shape resolution. Wire and plasma-arc additive manufacturing involves using an electric arc to melt wire onto a substrate, and fabricates a part by building up overlapping layers of deposited weld beads (Addison et al., 2015; Williams et al., 2015). The benefits of this process over other AM methods are the much higher deposition rates (e.g. kg’s/hour) achievable and lower capital equipment costs relative to powder bed techniques, which makes it suitable for large scale applications. However, limitations include a lower part complexity, lower solidification rates and a greater need for post-process machining (Frazier, 2014)."

Jan 1, 2018

By Jorgen Elbrond, Yve Lizotte

"A mine evaluation method based on the use of a computer program that models mining with an open-ended dynamic program is presented in this paper. It is demonstrated with an example how the method is applied, how some of the decision variables are related in the particular industrial environment and how these decision variables affect the economic benefits of mining.IntroductionTwo distinguishing characteristics make mining a particular industrial environment: exhaustible resources of a given ore deposit and heterogeneousness of the ore grade spatial distribution in the ore deposit. These characteristics, inflation, uncertainty and cyclical price variations which greatly affect estimated cash flows also contribute in rendering difficult the evaluation of the economic outcome of mining at the preliminary planning stage.Decision variables and their ranges are associated with the mine plan; basically, they include choices of the mine's nominal capacity (mining and milling), the sequencing of mining through the deposit, the ranges of possible production rates and cutoff grades, and the stockpiling policies. The mine's nominal capacity must be decided at the planning stage, but this capacity choice must take into account flexibility to modify other decision variables as mining commences and uncertainty resolves.Although it is generally accepted in discounted cash flow analysis that the sequence of mining must proceed from the richest to the lowest-grade stopes (with correspondingly ajusted cutoff grades), this may not produce optimum benefits when cyclical price variations are considered.Mining rates and cutoff grades can also be adjusted to changing economic conditions, taking into account the limited resources of the ore deposit. Thus, when prices are thought to be in the trough of a cycle, production can decrease to preserve ore for expected greater future profits. When prices rise, mining rates can increase possibly even over the mine's nominal capacity. In both cases, the machinery's effectiveness shall not be-optimally utilized; this will be reflected particularly by the variations in the concentrator's metal recovery and the concentrate grade output."

Jan 1, 1982

By M. P. Kat, R. J. Barclay

"In 1984, a provincial inquiry into ground control and emergency preparedness in Ontario mines was commissioned by the Minister of Labour for Ontario. One of the recommendations put forth by the committee conducting this inquiry was that the Ontario mining regulations be modified to address more effectively the assessment of mine design. Mining regulations now require that every mine in the province annually assess its design with respect to ground stability. Subsequently, the Ministry of Labour has embarked on a ground control audit program to gather as much information as possible about the ground control programs in place at Ontario mines. In 1988, 47 underground mines were audited. The audits are intended to provide an overview of the level of engineering effort that is devoted to ground control on a provincial basis, by identifying the type of geotechnical information that is collected by each mine and how this information is used for stability analysis purposes in rationalizing excavation and support system designs. Also, the audits serve as an indicator of the severity of ground stability problems at individual mines, and how these problems are dealt with.This paper consists of information that has been extracted from the first series of ground control audits that were conducted in 1988. Specifically, the paper describes the types of support systems that are used in Ontario mines. It also discusses the rationale for local ground support selection, and the quality control programs that are in place for assessing the performance of installed ground support. As well, the type of geotechnical information that is collected, and to what extent it is used for the purpose of designing ground support systems, is reviewed"

Jan 1, 1991

By J. L. Dion

"A study of the techniques to integrally cast copper tubes in copper tuyeres for use in blast furnaces has been carried out. The work has been performed in support of current efforts to produce two-compartment tuyeres having improved water-cooling capacity. A test pattern corresponding to a vertical section of a two-compartment tuyere, and including a cast-in-place copper tube, was used to investigate such variables as tube preparation, tube coolant, pouring temperature, pouring rate and gating design. Successful castings, either with a good metalfurgical bond or good intimate contact between the tube and the casting, were produced, with all combinations of gating system and position of the tube tried. However, the pouring temperature, the pouring rate and the effectiveness of the coolant are interrelated and must be controlled to produce a good metallurgical bond.IntroductionAs part of its contribution to, and in collaboration with, the Copper Casting for the Steel Industry Committee, CANMET has undertaken research into the methods and techniques needed for the integral casting of copper tubes into high-conductivity copper castings.The objective was to produce two-compartment copper blast furnace tuyeres in which the water-cooled nose compartment consists of a copper tube metallurgically bonded to the wall of the high-conductivity copper casting. This design, developed in the UK, has demonstrated a much extended service life with attendant economies; unscheduled shutdown of blast furnaces due to tuyere failure is a significant problem in the steel industry. The Canadian steel industry believes that this design will replace the currently used single-compartment tuyere in blast furnaces within a few years.The technology to produce these tuyeres does not exist in Canada. One of the main features is the inclusion of a smooth-walled cooling channel in the nose, which permits high velocity cooling water to be employed. A second compartment acts as a reservoir backup, should failure in the nose occur. This would allow continued use of the tuyere for a period of time, permitting a scheduled shutdown for repair s. To assist the Canadian producers of tuyeres to maintain their market, and the Canadian steel industry to have a reliable domestic supply, it is important that the necessary technology for the production of two-compartment tuyeres be developed and transferred to industry."

Jan 1, 1982

By J. E. Danoczi

Shore Gold Inc. (Shore) is presently designing a diamond processing plant for the Star and the Orion South kimberlite deposits in the Fort à la Corne area kimberlite field in central Saskatchewan. The first step in the plant is diamond liberation and occurs in the comminution section. Diamond liberation is the process of breaking up the kimberlite rock, as ?gently? as possible since essential to the diamond liberation process is the minimization of diamond damage, particularly for the larger, high value diamonds. The Southern African diamond mines traditionally use Jaw and Gyratory crushers as their primary comminution method. However, these diamond mines generally process the harder, competent kimberlite that is located in the diatreme zone as well as the root zone of the volcanic pipe. Softer kimberlite is typically located in and around the crater area of a volcanic pipe and it is this source of kimberlite that makes up the majority of kimberlite for both the Star and Orion South deposits. These softer kimberlites can be readily broken up using abrasion and attrition imparted by AG mills, this being the preferred method of comminution for minimizing diamond damage.

Nov 1, 2011

By L. A. Wolff

"Second only to profitability (but not always), productivity is the most sought after measurement for any operation. Whether it is in mining, manufacturing, construction, etc. managers always strive to know how productive various plants are. Even the Federal Government publishes, on a monthly basis, the nation's factory productivity.Just what is productivity and how is it measured? This is an important topic that needs definition. There could be as many definitions as there are people who use it. In the mining industry, the problems of defining productivity would be analogous to the definition of equipment availability. Each mine uses its own definition to suit its needs. Webster's Dictionary primary definition for productivity is ""the quality or state of being productive,"" with productive defined as ""yielding or furnishing results"". This is a definition open to a broad spectrum of interpretation. A discussion of how productivity is currently used in the mining industry and an introduction to a potentially different approach to its measurement and meaning is outlined in this paper.Defining ProductivityTypically, mining companies track several productivity measurements. These are partial measurements and can include the following: tons per specific equipment class per hour, tons per man-hour, and tons per shift. None of these, however, track the over -all performance of an operation, that is, a unit of output per unit of input.For a mining operation, output can be defined as the ore for mill processing. Input includes the required components of production to get to the first step of processing.The Wesbter's Dictionary definition exposes a major fault with the popular conception of productivity. The critical issue of accountability is not addressed. Anyone can produce, but how effectively and efficiently are resources used? Quantifying an inclusive measurement is difficult. Statistics referring to an increase in productivity are often published. For example, the statement, ""gold productivity has increased by 10%"" has many potentially dangerous interpretations. One must ask, what does this statistic really mean? Did gold companies produce 10%” more gold? Were less manpower or equipment required to produce an equivalent amount of gold? Did ore grades increase resulting in more ounces of gold produced, etc. Obviously, production and productivity can have similar implied applications and meanings, but also two different, distinct meanings.To mitigate a problem like this, a standard needs to be developed within the mining industry. Because of varying ore grade, changing waste to ore ratios, different mining methods, etc. all of which have a direct impact on mining, development of a standard is difficult. Kendrick(1) discusses the use of Total Factor Productivity as a productivity measurement. Summarized, the total factor productivity measure is an indication of the change in efficiency in the use of basic labour and capital factors associated with an operation.This measurement has little meaning when calculated at a given point in time. It should be an on-going calculation, tracking an operation over a period of time, to evaluate trends. These trends can be used to determine if an operation's productivity is what it should be, and alert management to potential problems before they become major and adversely affect an operation."

Jan 1, 1990

By H. W. King

"Cryogenic engineering is concerned with components and machines which operate for long periods of time at temperatures within a few degrees of absolute zero. The absence of a ductile-brittle transition is thus the prime component of the specification for a suitable low-temperature alloy. The word "" cryo"" means ""frost-forming"" , and this leads to the second component of the alloy specification, which is resistance to corrosion in humid atmospheres. Further, although most early applications of low-temperature alloys were limited to the storage or transportation of liquified gases, an increasing proportion of alternative energy storage and conversion technologies are being based on the availability of high-field superconducting solenoids. The third basic component of the specification for a low-temperature alloy is thus the absence of a low-temperature ferromagnetic transition.Although the firs t two of these components of the specification can be met by using austenitic stainless steels, many of these supposedly "" non-magnetic"" alloys have been found to undergo martensitic transformations to ferromagnetic phases at very low temperatures. In addition, steels which remain structurally stable may still exhibit other magnetic transitions, e.g. to antiferromagnetic or superparamagnetic states. The successful application of these alloys in cryogenic engineering has thus required an initial basic study of the types of magnetic transition that can occur in such concentrated solid solutions, followed by a more applied study directed at an alloy formulation which will induce beneficial magnetic states at low temperatures."

Jan 1, 1981

By A. Montini, M. H. Moys

"A conductivity probe mounted in the shell of the mill has been used to measure the behaviour of the load in the mill as a function of operating variables. It was found that certain properties of the conductivity signal correlate strongly with the per cent solids of the slurry passing through the mill; in particular the angular location ?D of the shoulder of the load is an increasing function of the per cent solids. A method for measuring the viscosity of the pulp discharging from the mill has also been developed. The use of the measurements in mill control is illustrated by simulating various control strategies for open circuit milling. It is shown that the use of ?D allows very tight but imprecise control of the slurry rheology in the mill, while the use of viscosity is subject to severe limitations in speed of response. A cascade control system involving both measurements provides adequate control of slurry rheology within the mill. Applications to closed circuit milling are discussed.IntroductionMultivariable control of milling circuits continues to receive a lot of attention in the literature. Hulbert and co-workers and Niemi, et al. have described the use of Inverse Nyquist Array (INA) techniques while Herbst has recently described the use of Optimal Control. It is significant that in neither of these three projects was any variable associated with the grinding mill itself (e.g. power or properties of the mill discharge) used in the control strategy. Pauw, et al.do, however, use mill power in their multivariable peak-seeking controller for pebble-mill control. Little work has been published on the use of measurements of the properties of the slurry being discharged from grinding mills, in spite of the fact that milling efficiency is known to be strongly affected by slurry rheology».Moys has recently developed a technique for measuring the dynamic behaviour of the load in the grinding mill. This method involves the monitoring of the response of a conductivity probe mounted in the shell of the mill which gives a measurement of the orientation of the load inside the mill. It was found that the load behaviour was strongly influenced by slurry rheology. In this project a technique was also developed for the measurement of the viscosity of the slurry in the mill discharge. It was, thus, decided that it would be worth investigating the use of these measurements in mill control schemes since direct control of the slurry rheology in the mill must inevitably increase the efficiency and productivity of the grinding circuit as a whole.This will be done by using the dynamic responses measured by Moys and Montini to simulate the behaviour of an open circuit ball mill. While the control of open circuit mills is of little interest, this simulation provides a simple but powerful demonstration of the advantage provided by these measurements, advantages which should apply to closed circuit operation of any mill type (including autogenous milling). Investigations into multivariable control of a closed circuit ball mill are currently nearing completion and will be published soon."

Jan 1, 1987

By R. W. Thompkins

"PREFACEPart 1 of this paper, published in the September issue, covered the occurrence of uranium, radiation from uranium ores, the uranium series, radioactive theory, radioactive equilibrium and application to the radon series, the working level, the theory of emanation and diffusion, transport by thermal diffusion of radon emanating from porous rocks, and definitions.The October issue carried Part 2, which dealt with radiation theory applied to uranium ores, other radon migration factors, factors affecting the radon gas release rate, the measurement of radon gas emanation rates, the tunnel concept, variation of emanation rate with grade and estimating radioactivity from grade analysis.Part 3, in this issue, concludes the series by discussing the techniques for controlling radiation and providing some example calculations.17.0. Techniques for Controlling Radiation17.1. Altering the Factors In the Diffusion EquationIt has been noted that radon gas emanates from the surfaces of exposed ore to the mine atmosphere. The diffusion laws establish the rate of this flow. The fundamental relationship is that the rate of flow (J) is a function of the pore concentration and the distance from the surface. It is expressed as: []If any of these terms is varied, either naturally or artificially, the rate of gas emanation will be altered.Altering the Diffusion CoefficientThe literature describes many ways to lower the radon gas emanation rates which are dependent on changing the diffusion coefficient:1. A layer of ice on top of a tailings dam or on a soil.2. Humid clayey materials and swamped soils over a radon source."

Jan 1, 1982

By F. Weinberg

"The recent development of the continuous casting process for steel has required basic understanding in a number of areas in the metallurgcal sciences. In some areas, information is still lacking. The success of the application of basic knowledge and research to the process is evidenced by the fact that a large percentage of the steel now produced in the world is produced by continuous casting.A number of areas in which metallurgical science has contributed and is currently contributing to better design and control of the continuous casting process and leading to a better quality product will be considered. These include:(a) heat transfer studies of the entire casting process;(b) fluid flow in the tundish, strand and liquid metal stream;(c) solidification structure and segregation;(d) strength and ductility of steel at high temperatures related to bulging and cracking; and(e) problems related to horizontal casting developments.IntroductionThe continuous casting of steel is a relatively new technology in steelmaking. It is now used extensively throughout the industry. In Japan, for example, continuous casting accounts for approximately 40010 of steel production, and this value is expected to increase to over 50% in the near future . New steel plants are now designed to use continuous casting exclusively. This means the process must work well and be completely reliable, because all the steel produced must go through the caster.The development of the continuous casting process in a short period of time has required concerted research and development in many areas . I shall cite a number of examples of these developments and refer to work done in Canada when applicable. No attempt will be made to review all of the research in continuous casting, nor refer to all of the workers in the field.The developments in continuous casting are based in many cases on metallurgical science, as described below. The use of metallurgical science in these developments is qualitative, in that concepts and idea s are used, as opposed to quantitative values calculated from fundamental equations. In general, most metallurgical problems are too complicated to enable fundamental equations to be used without the introduction of uncertain approximations and boundary conditions in the calculations.Starting at the beginning of the steelmaking process, very extensive research and development has been carried out to produce liquid steel of the required composition and temperature. The replacement of open hearth furnaces with BOF furnaces reduced refining time from many hours to roughly 30 minutes for 250 tons of steel. Two BOF furnaces effectively enable a continuous flow of steel to be available in a plant, essential for the introduction of the continuous casting process. This area of research will not be considered here."

Jan 1, 1981

By P. L. Lehoux, R. F. Lopes

"Unanticipated low recovery or extraction of gold from heap leachable are can often be attributed 10 phenomena such as non-uniform percolation (channelling) of solution through heaps, excessively slow percolation rates due to densification of ore during stacking on the pads and parasitic or competing reactions of the cyanide solution with undesirable elements or geochemical ""impurities"" in the ore. The nature and causes of these phenomena are discussed in this paper, and it is suggested that geotechnical and geochemical expertise can contribute significantly to a better understanding of the relationship between laboratory results and actual field performance of the leaching process. Recommendations are made for bench-scale metallurgical testing to be complemented by geochemical and geotechnical laboratory evaluations, to ensure more successful heap leach projects. IntroductionHeap leaching is a simple, low-cost method of recovering metals from low grade ores which has now come into widespread application particularly for gold and silver metals in the United States.The heap leach process involves percolating a lixiviant (leaching agent) solution through broken or crushed ore (Chamberlain and Pojar, 1984). In the case of gold a dilute sodium cyanide solution is used and crushed ore is ""heaped"" on specially prepared impervious pads.The potential for use of heaping leaching methods for northwestern Ontario gold deposits was discussed by Beard (1983), who suggested that the use of this extraction technique in Canada should grow significantly for low grade ores as well as for small high grade deposits which cannot justify the installation of a new mill or the use of remote custom milling facilities. Two other potential situations for lise of a heap leaching extraction method are : as a low capital cost cash generator in the opening phase of a larger new project, and as a low cost output augmenter to complement a milling operation."

Jan 1, 1989

By Scott K. Palm, Neil D. Pearson, Jr. Read

"Uncertainty is an important feature of many investments, but it is especially important for mineral properties. Mine properties often entail large investments and fixed commitments. Managers in the mining industry often view price uncertainty as undesirable, due to the possibility that the price of the mined commodity will fall to a level that prevents the firm from recovering its investment and fixed costs. This paper identifies pitfalls in conventional valuation methods and outlines a new approach to valuation based on option pricing theory and dynamic programming. In the process, it identifies generic strategies for organizing mine production in ways that allow the owner to benefit from the uncertainty in mineral prices. IntroductionRisk is pervasive in the mining industry. The operation and maintenance of a mine may involve high, and unavoidable, fixed costs. A mine owner can only begin to recover these fixed costs if the price of the mined commodity is greater than the incremental cost of production. But the prices of many minerals are extremely volatile. The price volatility of copper has been significantly higher than the price volatility of a typical stock, for example. A mine owner cannot be sure that the price of the mineral product will remain high long enough for the firm to recover its capital and fixed costs.Mine owners are able to minimize their losses during periods when the output price is below the incremental cost of production by temporarily closing operations. During these periods they incur only fixed costs. While shut-downs help minimize losses, the y do not help the firm recover its initial investment. If output prices remain low long enough, the fixed costs and original investment may never be recovered. High fixed costs, therefore, lead to substantial downside risk."

Jan 1, 1986

By Brock Morrison, Bernt Ling

"The Kiruna Electric System is an all electric ramp haulage system developed for underground mining. This electric truck haulage system is currently operating on three continents. This paper will review the technology of the system, existing installations as well as the economical benefits to the mining industry. The system was designed and developed to extend and exploit the economical advantages of ramp haulage. Performance information is provided. IntroductionThe Kiruna Electric System has been the subject of a number of technical papers over the past sever al years. During that period, the content of the presentations has changed from concept and theory to prototype testing to description of installed and operating systems.The intent of this paper is threefold:1. to present a brief review of the technical features of the Kiruna Electric Systems;2. to review the existing installations with performance data; and3. to provide a description of on-going developments within the Kiruna Electric Program during 1991.The Kiruna Electric is a high capacity ramp haulage system for underground mining operations due to an All-Electric Drive System, including two heavy duty electric traction motors. The high capacity of the K1050E results from three factors:• payload - 50 tonne• speed - 18 km/hr to 20 km/hr up a IS0J0 ramp (total resistance)• availability - over 90010 during a 12-month period"

Jan 1, 1991

By Robert B. Parsons

"The pendulum in Ottawa has swung dramatically from fiscal policy to monetary policy over the last several years. International trends indicate that the pendulum has to start its swing the other way, if Canada's mining industry is to maintain its preeminent position in the global mining arena. This article, which is based on a paper presented by the author at the 37th Annual Meeting of the Newfoundland Branch of CIM, identifies these trends and how they could interact with Canadian policy.IntroductionThe title of this paper is not a very imaginative or catchy one, but it states the topic quite succinctly, if not tersely. This paper looks into a crystal ball to see what might be in store for mine financing over the balance of the current decade.In the event that the reader feels some trepidation about the prospect that such a paper could seek to be the definitive work on the subject, it should be made clear at the outset that this is not the case. The author is, after all, not an economist, a scholar, a financial analyst, or a soothsayer, but is rather a simple accountant who has been closely involved with the mining industry, and the financing thereof, for some twenty years.The paper recognizes that, while a mine may be born when production begins, the mine is conceived when exploration starts. As this act of conception is obviously an essential part of mining, the financing of exploration is also covered in this paper. To attain a focus, this paper approaches the topic of mine financing in the nineties as follows: first, the major emerging forces in the industry are identified: and, second, the implications of each of these forces on financing are considered."

Jan 1, 1991

By Eric Pirard

"A mineralogical and trace element analysis was performed on the Küre historical slags in order to evaluate the possible recovery of copper and cobalt. Reflected light microscopy, electron microprobe and image analysis were combined to determine the Cu and Co distribution in the slag.The results indicate that 81% of the total cobalt is chemically combined in the fayalite whereas only 3.4% is in the mechanically entrapped sulphides. The remainder being in hercynite and wiistite. On the other hand, 95% of the total copper is in the sulphide phase.This kind of applied mineralogical investigation gives invaluable information when it is performed preliminary to metallurgical experiments.IntroductionThe recycling of metallurgical slags is a growing business. The operation is directed toward recovering base metals (Cu, Pb, Zn), and by-products (Floyd and Mackey, 1981).Two reasons are invoked to explain metallic losses in slags: (1) mechanical entrapment of matte globules in the silicate melt; and (2) chemically combined metals in the slag-forming phases. Obviously, a chemical analysis of the slag cannot distinguish between those two modes. Grinding and flotation of the liberated sulphides have often been used to evaluate the importance of mechanical entrapment (Mechev, 1970; Imris , 1982).Recent studies in applied mineralogy of pyrometallurgical products (Bérubé et al., 1987; Pignolet et al., 1986) have demonstrated the benefits of quantitative mineralogical analyses of slags. Optical microscopy together with electron microprobe and image analysis offers a powerful and easy way of quantifying the relative importance of mechanical and chemical losses."

Jan 1, 1991

By John Smith

"The RTZ Corporation PLCFrom a company's point-of-view, a good investment decision is one which results in the purchase of an asset that is worth more than it costs. Thus, in order to judge the merit of an investment opportunity, it is necessary to estimate the value of the assets to be acquired.Discounted cash flow (DCF) analysis has become widely adopted by companies in assessing potential new investments. The principle is a simple one: invest in projects which have a positive net present value, and reject those which do not. However, perhaps because of its apparent simplicity, DCF analysis is frequently misused. Good practice in the use of the technique is discussed, together with several common misconceptions.Sound analysis requires sound data; thus, the valuation process relies heavily upon a wide range of specialists to provide the basic input from which cash flow forecasts can be built up. The analyst must maintain close liaison with these specialists from the outset in order to ensure that the data provided is indeed relevant and complete.IntroductionBefore turning to the main subject of this paper ""How Companies Value Properties"", it is of interest to consider first a slightly different question ""Why do Companies value Properties""? In other words, for what purposes are such valuations prepared? Certainly the commonest, and probably the most important circumstance in which a valuation is required is when the company is considering an investment opportunity. This may be the direct purchase of a property or group of properties from a third party, but could also be the opportunity to develop a new operation or expand an existing one.A very simple objective in making any kind of investment is to make our shareholders richer than they would otherwise have been. That is, to make investments whose value to shareholders exceeds the consideration required to acquire them. Thus the investment decision focusses on the difference between an asset's value and its cost.This distinction between ""value"" and ""cost"" is an important one. Study of a company's balance sheet may tell a lot about the cost of this company's assets, but very little about their value. Then again, it is sometimes argued that a business should be bought because this will result in assets being acquired for less than their replacement cost. This merely compares one cost with another, it says nothing about value."

Jan 1, 1991

By I. Clauzier

"A new method of managing electricity to reduce costs andimprove profits is discussed. Before taking steps to better manage electricity, it is essential to understand the terms peak demand and energy and their effect on an electrical bill. Knowing how electricity is presently used in the plant is the important first step. This goes beyond knowing how much electricity is used at each time of day, the individual contribution of every plant process to the total plant load must be known. At this point, each process is ranked according to importance to production in order to identify possible savings opportunities. These improvements can then be implemented by simply improving operations or in some cases, through the use of an automatic control system. IntroductionIn today's competitive environment, controlling costs is becoming increasingly important. All costs associated with operation must be controlled in an effort to improve competitive position. Electricity is a cost component that can and should be managed.Although the term management can mean different things to different people, the intent is always the same: to make the best possible use of existing resources, whether labour, equipment or electricity.The simple approach to managing electricity presented in this paper consists of four steps.I. Understand Peak Demand and Energy. It is essential to understand the terms, peak demand and energy and their effect on your electrical bill.2. Know Your Present Electrical Use. The present use of electricity in the plant must be known. This goes beyond simply knowing how much is used at each time of day, to accurately knowing how each process is contributing to the total plant electrical load, and ultimately to the electrical bill.3. Identification of Savings Opportunities. With this information, energy savings opportunities for reducing the electrical bill and improving profits can be identified.4. Implementing Improvements. Having identified areas of potential savings, improvements can then be implemented in order of their significance. This could be a matter of simply improving operations, or in some eases may mean the use of an automatic control system.These four steps can result in significant dollar savings."

Jan 1, 1987

By W. B. Morrey

"In recent years, the major effort in detonator development has been concentrated on ""non-electric"" systems. Existing types all involve some form of explosive reaction to transfer ignition energy from outside the borehole to the pyrotechnic delay element contained within the detonator. These may be based on low-energy detonating cords having grained or plasticized explosive cores, shock tube energy transmission principals and explosive gas ignition systems. Each has properties of internal and external effects not present in electric conductors.The MAGNADET System introduces transformer coupling into electric blasting circuits. Safety features with respect to current leakage, stray currents of AC or DC source, electrostatic energy and radio-frequency radiation are comparable to ""non-electric"" systems, with advantages in simplicity, speed of hook-up and range of application.The transformer device used is a small ferrite ring or toroid which is an integral part of each specialized detonator. The detonator legwires form the secondary side of the transformer winding. The primary side is a single wire loop common to all units within the circuit. Power is supplied from a frequency-tuned portable exploder with unique circuit-sensing features.The MAGNADET System is expected to have particular application to shaft sinking, raising and tunnelling where the protective features as well as speed and efficiency are critical factors. Applications of the 'MAGNA' booster in quarries, open pits and longhole deck charges offer control over vibration problems and elimination of surface noise.IntroductionFor many years, electric detonators and electric blasting systems dominated surface and underground applications where controlled delay times were required. Control over the instant of detonation by blasting machines or power-line switches is the major safety feature.Electrical energy exists in many forms. It may originate from many sources. Electrical energy can be difficult to contain. It may enter or escape through a variety of conductive paths. It may fluctuate, concentrate or dissipate to pose a most elusive potential hazard."

Jan 1, 1982