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By Rick Frechette, Greg Nelson

"The 2018 Elko Roundtable was held at the Red Lion in Elko, NV on March 15, 2018. The gracious host was once again Knight Piésold. Attendance was robust with representatives from more than 14 mining properties across Nevada representing nine corporations. Total attendance was at its highest in almost a decade. A high level of interest was also gauged by the number of companies with multiple attendees.The topic of water in mining was clearly a factor in creating the large show of interest. In terms of industry trends that are tracked annually, this topic had been absent from the list for more than 10 years (Deloitte, 2018) but was squarely planted there this year. And deservedly so. Three attending companies are signatories of the International Council on Mining and Metals (ICMM) which espouses a firm stance on water stewardship (ICMM, 2017).How’s the water?It is reported that water scarcity affects more than 40 percent of the world’s population (Deloitte, 2018). Consumption of water in the United States, based on the last detailed census, entails only 1.5 percent usage by the mining industry. The largest users are reportedly thermoelectric power and irrigation, combining for more than 75 percent of the U.S. consumption. During the prior census period, water usage at mines was up dramatically (USGS, 2014).Mine water source usage is primarily a mix of ground water and saline or fresh surface water resources. Over the previous period, saline sources experienced the greatest percentage in growth as a mine water source, nearly doubling in use. Nevada ranks second as a state nationally in mine water consumption. California is the leader, and Nevada is immediately followed by Utah and Alaska (USGS, 2014).Water rights in Nevada and the ongoing litigation at the state level, particularly over the Humboldt River basin, have elevated the concern over the supply of water and have raised the interest regarding the topic of water across the mining industry as well as within other industries.The Elko Roundtable meeting began with a safety share and introductions, and included each attendee mentioned a water problem or solution that he or she would like to discuss during the day. An interesting list of subtopics was developed from this round robin and yielded the following most common themes:• Mine pit dewatering during operation and pit wall stability.• Draindown from tailings dams and heap leach pads and dealing with this at closure.• Post closure pit lakes, pit lake water quality and associated water rights."

Dec 1, 2018

By Peter Bryant

"The case for innovation in the mining industry has never been more compelling—whether you believe the industry is in a sharp dip in a significant ‘sawtooth’ cycle or in the midst of a bust — the imperative is the same. Despite record production levels and still above-average prices compared to the lows of 2000, the industry is struggling to make profits and provide the returns on capital that investors are seeking. This represents a large-scale destruction of value over the last 15 years.The last 10 years have seen a sustained rise of operation expenses and capital development costs while there has been a rapid decline in productivity. This trend is unsustainable especially against other key structural challenges and forces shaping the future of the industry:1. Despite short-term fluctuations, there is longterm sustained demand for commodities.• Demand is driven by relentless urbanization, population growth and a rapidly growing middle class.2. Environmental concerns continue to mount.• Existing mining methods and their environmental footprint are becoming increasingly unacceptable to society.3. Geopolitical pressures and community activism are growing.• An estimated $25 billion worth of projects are on hold due to community activism.• Increasing nationalism tendencies and government expropriations of close to $30 billion.• Social license to operate is being challenged.4. Finding, building, operating and closing a mine just keeps getting harder and more expensive.• Costs have been increasing at an annual rate of 10 to 15 percent for the last 10 years.• More assets are stranded as they become uneconomical to mine under current mining methods, e.g. Olympic Dam.• Ore grades continue to decline.• Declining productivity at an annual rate of more than 10 percent for the last 10 years.5. The industry has consistently underinvested in technology and innovation."

Jan 1, 2015

By F. Milton Lewis

In this paper an attempt has been made to review the cost trends in producing copper by conventional milling. smelting and hydro-metallurgical means during the last five years. The primary objectives of this cost analysis are to provide a base for future projections as well as to indicate which cost items are more volatile in their influence on overall cost of producing copper.

Jan 1, 1977

By John Dean

"Pumping backfilling medium used to fill in holes and caverns in mines is challenging. The often viscous, high solids materials are extremely abrasive and can destroy pumping systems in a matter of days. While a number of options are available, using a progressing cavity pump can often be the best solution. High pressure and capacity capabilities, coupled with low wear rates, ensures reliable cost effective operation.Thickened slurry backfilling for underground/excavation mining applicationsVoids and caverns develop as a result of mining operations penetrating deep into the earth seeking natural resources. After extracting all the ore from a mine, operators need to fill in these voids to preserve the integrity of the mine structure. They do this by pumping in a backfill medium. Each mine uses a different mix of components for backfilling, depending upon the mine’s specific structural requirements and environmental concerns, particularly water requirements. Most backfill mixes contain cement, or another cement-like substance, that acts as a binder to hold the backfill medium together. This is combined with tailings (unused rocks and waste from processing and/or extraction), and may also include chemicals or other binders to increase the material’s strength.Backfill pumping challengesPumping the backfilling medium can be a significant undertaking. This process involves transporting very viscous and high solid materials; the mix may contain 60-80 percent solids. These backfill slurries are extremely abrasive and the viscous material can wreak havoc with pumping systems. The material’s paste-like consistency presents problems for standard centrifugal pumps often used in other mining applications.Added complexity is posed when trying to achieve the required pressure, which depends upon how far away the material has to be pumped. It is not difficult to meet the pressure requirements if mixing the backfill material close to the area to be filled. However, pumping from extreme distances can be problematic — a great deal of pressure is required to transport the material from the mixing area to a distant backfilling site. Ideally, operators should be as close as possible to where they are filling, so they can use a smaller pump with lower power requirements."

Dec 1, 2018

By S. H. Amini, A. Noble

"While many classic mineral processing circuit design approaches rely on deterministic methods, numerous studies have shown that the uncertainty inherent to the various input parameters can significantly influence design decisions. In a separation circuit, many of the technical uncertainties can be mathematically represented as statistical distributions for the unit recovery and feed grade. These uncertainties are then propagated by the circuit design and reflected in the circuit performance indicators, such as product grade and global recovery. An effective design strategy entails identifying which units are most influential in this uncertainty propagation and thus merit further consideration. Unfortunately, few analytical tools provide this information, particularly those that rely solely on deterministic methods. However, one promising approach is through the application of Taguchi’s method, in a fashion similar to statistical tolerancing of manufactured products. Since the technical challenges are fundamentally similar, Taguchi’s method shows promise in evaluating the level of compounded uncertainty by various circuit designs while determining the role of each separation stage on the overall selectivity and variability of separation circuits. This paper demonstrates Taguchi’s method in several two and three unit circuit designs. INTRODUCTION AND METHOD DESCRIPTION Uncertainty in Mineral Processing Circuit Design Analysis and estimation of uncertainty propagation in mineral processing separation circuits is an essential and significant aspect of an optimal circuit design procedure. Most of the current circuit design methodologies have been constructed, implemented, and validated using a deterministic modeling approach. However, numerous studies have shown that the inherent uncertainty induced by uncertain design parameters can be a significant factor in many mineral processing applications (e.g. Kraslawski 1989; Xiao and Vien 2003; Ghaffari et al. 2012). Thus, an effective circuit design methodology must be able to quantify uncertainty in separation circuits with limited input data. This paper describes Taguchi’s method, as an experimental design technique, to approximate uncertainty in mineral processing applications, and then the similarity of results between Taguchi’s method and Monte Carlo Simulation is investigated. Monte Carlo Simulation The term “Monte Carlo Simulation” has been used to refer to a variety of stochastic simulation methods spanning a broad array of business, technical, and scientific domains. Most generally, Monte Carlo Simulation refers to numerical analysis which is based on (pseudo) random sampling from a domain of input parameters with a known statistical distribution. This methodology allows one to determine the distribution of expected results from a standard deterministic process model. Execution of a Monte Carlo simulation begins by identifying the domain of input parameters, statistical distributions for each parameter, and a deterministic process model which describes the anticipated result as a function of the inputs. Next, one discrete random sample is taken for each input parameter, considering the input distributions. The process model is then solved for this mix of input parameters, producing a single simulation result. This procedure is then repeated a “large” number of times, utilizing new randomly sampled input parameters for each simulation iteration. Once the desired number of iterations is reached, the results of each independent simulation are aggregated to produce descriptive statistics such as minimum, maximum, mean, standard deviation, kurtosis, and other distribution parameters. Given enough iterations, the Monte Carlo method fully explores potential synergies between the input parameters. The methodology does not require the process model to be differentiable, continuous, or even analytically defined. While the number of required iterations varies in relation to th"

Jan 1, 2017

By Harlan N. Barton

A commercially available portable X-ray spectrograph, lightweight and of rugged construction for vehicle or field camp use, was used for the determination of Ba, Cu, Fe, Mn, Pb, Rb, Sr, and Zn in stream sediment geo- chemical samples. Investigations showed a relative standard deviation of 1-3 percent, detection limits of approximately 100 ppm; and significant matrix effects. Coefficients of correlation greater than 0.9 were obtained between portable X-ray and emission and atomic- absorption spectroscopy analyses. A geochemical map of a known mineralized area showed good agreement with maps prepared by other methods of analysis and sample media.

Jan 1, 1980

By Andrew L. Mular, Richard R. Klimpel

Optimization strategies of possible interest to mineral processing are reviewed and typical strategies initiated in processing plants to date are discussed. Both On-Line and Off-Line optimization procedures have been employed by industry, assisted either by operators or by digital computers. In every case, dollar benefits have accrued.

Jan 1, 1991

By E. Watkins, S. J. Schatzel, V. Gangrade, K. M. Ajayi, Z. Khademian

Longwall-induced deformations could jeopardize the mechanical integrity of shale gas well casings positioned in the abutment pillar of a longwall mine. The in situ and induced fracture networks surrounding the gas well could provide pathways for gas flow into the mine creating safety concerns. Hence, this study by the National Institute for Occupational Safety and Health (NIOSH) develops a discrete fracture network (DFN) model to characterize the fractures in the overburden based on geomechanical analyses of mining-induced fracture apertures at a study site in southwestern Pennsylvania. The apertures from the geomechanical model are used to develop a stochastic DFN model of the site in fracture flow code (FFC). Multiple realizations of the stochastic DFN model that replicate potential fracture geometries are simulated, and the fracture permeability is compared with field measurements. A maximum field measurement of 5.03 × 10− 12 m2 (5080 mD) and 3.82 × 10− 13 m2 (386 mD) was estimated over the abutment pillar at the Sewickley and Uniontown horizon, respectively. The results show that the average permeabilities from the DFN model agree closely with the field measurements. In addition, the comparison of all the field measurements and 100 DFN realizations show the model is representative of field conditions. These findings provide critical information regarding fracture characteristics in the overburden, which will further be used to predict potential shale gas flow to the mine in the event of a casing breach for an unconventional gas well.

Jun 17, 2022

By Bo Hyun Kim, Mark K. Larson

Researchers at the National Institute for Occupational Safety and Health have tested the finite element code, UT3PC, with LaModel to evaluate their results using know case studies. The purpose of the testing was to demonstrate the usefulness and limitations of these programs in evaluating mine layout design. Both of these software packages are simple to use and free for public download. Their use by mine engineers, along with other tools, such as empirical methods, can enhance the assessment of a mine layout design. LaModel can model mining layout on a mine scale or, at least, on a multiple-panel scale. However, this software has limitations in calibrating to conditions at many coal mines in the western United States. The UT3PC software models smaller parts of a mine and is used to evaluate the design of pillars, shafts, or drifts; but the software calculates all components of the stress tensor and provides stresses, displacements, and safety factors throughout the model volume. The two codes are used to evaluate design of one known case, and UT3PC is used to evaluate another case. The results and approaches demonstrated in the testing are intended to aid mine engineers in evaluating site-specific problems and to show that these tools can provide useful information to the mine engineer in evaluating mine layout design.

Jul 1, 2023

By Charles H. Jacoby

The economic importance of salt domes has been recognized throughout the world primarily because of oil and gas accumulations on their flanks and, to a lesser degree, for the value of their salt and potash. Recently they have become of value as hosts for cavities used to store hydrocarbons. In the near future we believe that their main value will be as a source of geothermal energy. Although tremendous effort has been expended on the understanding of the geology and physical characteristics of the strata intruded by salt domes, relatively little energy has been exerted in the comprehension of the salt dome itself. Salt domes have long been recognized as a geological heat anomaly. With respect to other sedimentary rocks, salt is a good conductor of heat. Expressing values in 10-3 cgs units, sedimentary rocks vary from 1.0 to 8.0; metamorphic rocks from 5.2 to 8.4 and igneous rocks from 3.1 to 9.8. Rock salt in its pure form has a thermal conductivity of 17. (Gussow, 1970). Thus a salt dome (Fig. Ml) can be expected to act as a conduit bringing heat vertically from deep within the Earth's crust. This was, in part, substantiated when in 1958 a horizontal core hole was drilled from within the Avery Island Mine at the 500 foot level. The horizontal hole was started where the ambient temperature of the salt was 74° F. and drilled toward the center of the dome. At the end of this 2,000 foot hole the temperature was 90° F. thus depicting a horizontal temperature gradient of 7° F./1,000 feet. Because this core hole penetrated a shear zone connate water that appeared as a "cold spot" on the temperature gradient, the foregoing data can only be regarded as indicative.

Jan 1, 1974

The 6th International Mine Ventilation Congress (IMVC) was held May 17-22,1997, in Pittsburgh, PA. This marked the second time that the IMVC was held in the United States. The first congress, organized in 1975 by the Mine Ventilation Society of South Africa, was held in Johannesburg. Since then, the meetings have been held every four or five years, with the 1979 meeting being held in Reno, NV. This was followed by Harrogot, England, in 1984; Brisbane, Australia, in 1988; and Johannesburg, South Africa, again in 1992. The IMVC provides an international forum in the field of mine ventilation for the purpose of sharing technology and experience. The meetings are attended by ventilation engineers, academics, consultants, government employees and vendors interested in mine ventilation. As was evident from this meeting, significant progress has been made in the field of mine ventilation. However, disasters continue to occur around the world and long-term health problems continue to affect workers. So there is a need for further improvements in ventilation technology. The highlight of the conference was the technical sessions in which more than 80 papers were presented by authors from more than 20 countries. In addition to the technical sessions, the conference featured field trips to a number of mine properties throughout the United States. Five short courses were offered on topics ranging from respirable-dust control to mine fires and explosions. The conference also featured a trade show. It exhibited the latest advances in ventilation equipment, computer application software, consulting and engineering services, and health and safety equipment.

Jan 1, 1997

By E. L. McHugh

Digital camera and computer technologies can be used to monitor mine slopes and provide real-time warning of rock falls. NIOSH researchers assembled a surveillance system using low-cost video cameras and computer software from the security industry to test its effectiveness. The system is designed to signal an alarm when motion is detected and to record images of the scene. Masking can restrict motion detection to specific areas within the camera view; sensitivity is adjustable. The time-stamped images provide a record that can help reconstruct and quantify an event. Video motion detection can augment standard monitoring methods to increase safety in surface mines.

Jan 1, 2004

By Fredy A. Elorrieta Agramonte, Gabriel von Rickenbach, Roberto Luis Fonseca, David Córdova Rojas, Rolando Romero, Rico Brändle

The mine’s economic life is dynamic by nature. Some factors that create this scenario are the need to recognize new exploitation areas, the evolution of the mineral prices and the development of new technologies to access them. The dynamics of mining development, especially in the underground environment, changes significantly as the stages unfold. In many cases the final solution differs greatly with the initial. The frequent presence of new conditions and factors often cause the mine to develop in a quasi-permanent transition stage, which could be characterized by the generation of dynamic micro-seismic events that could cause rockburst damage in some specific areas. Although they may be infrequent, these dynamic events can have an important adverse impact on mine safety and causes serious losses. Also, changes in the production schedule during exploitation could be a big issue if the problem is not effectively addressed. When the transition of the mine to an active micro-seismic environment begins as an unforeseen scenario, it is frequent to use static ground support systems as they are readily available. Traditionally, the support systems used are reinforced shotcrete with a middle layer of Welded Standard Wire Mesh (WSWM) and Chain Link Standard Wire Mesh (CSWM) of reduced gauges, i.e. wires less or equal than 4 mm in diameter. Although, this support system is used to control static instability problems, there is no good reference of its energy absorption capacity under dynamic load conditions, creating uncertainty in the effectiveness of controlling rockburst events. These support systems are analyzed at the present paper, testing the reinforced shotcrete layer with 4 mm diameter of WSWM and CSWN under dynamic load. Additionally, the influence of the use of high tensile strength steel wire in the meshes (HSWM) compared to the previous ones, is analyzed to assess the scope in controlling rockburst events and keeping the safety of underground environment.

Apr 26, 2022

By K. Hanumantha Rao, A. Javadi Nooshabadi

"Formation of hydrogen peroxide (H2O2), an oxidizing agent stronger than oxygen, by chalcopyrite (CuFeS2), which is a copper iron sulfide mineral, during grinding, was investigated. It was observed that chalcopyrite generated H2O2 in pulp liquid during wet grinding and also in the solids when placed in water immediately after dry grinding. The generation of H2O2 during either wet or dry grinding was thought to be due to a reaction between chalcopyrite and water where the mineral surface is catalytically active in producing •OH free radicals by breaking down the water molecule. The effect of pH in the grinding medium or in the water in which solids are added immediately after dry grinding showed that the lower the pH value, the higher the H2O2 generation. When chalcopyrite and pyrite are mixed in different proportions, the formation of H2O2 was seen to increase with increasing pyrite fraction in the mixed composition. The results of H2O2 formation in pulp liquid of chalcopyrite and together with pyrite at different experimental conditions have been explained by Eh-pH diagrams of these minerals. This study highlights the necessity of revisiting the electrochemical and/or galvanic interaction mechanisms between the chalcopyrite and pyrite in terms of their flotation behavior.IntroductionHydrogen peroxide causes nonselective oxidation of sulfide minerals if present in pulp liquid. Oxidation of sulfide minerals takes place when they are exposed to atmosphere and during the grinding process when the particle size is reduced for flotation. The oxidation of chalcopyrite leads to iron dissolution from the particle surface and from a metal-deficient, sulfur-rich surface (Fairthorne et al., 1997). Other studies report the formation of iron hydroxide on the surface with the metal ion dislodged on the surface (Buckley and Woods, 1984; Chander, 1991). The chemical reactions for the oxidation of chalcopyrite in alkaline and in acidic solutions with the addition of oxidants, such as oxygen or hydrogen peroxide, are shown in Eqs. (1) and (2), respectively (Shi and Fornasiero, 2010)."

Jan 1, 2015

By C. Bateman, F. Calizaya

"This study presents the results of three laboratory experiments on pressure balancing carried out at the University of Utah’s coal mine ventilation model. The model includes simulations of two working areas, one longwall mine gob, and a set of stoppings and seals. It also includes a pressure chamber between the longwall face and the gob. The model is ventilated by one main fan and one bleeder fan. A carbon dioxide injection system, equipped with flow control valves operated by a microprocessor, is used to pressurize the chamber and to maintain the pressure in the chamber slightly higher than that of the gob. During each experiment, fan pressures and stopping resistances were changed, the carbon dioxide injection rate was regulated, and the differential pressures across the stoppings were monitored so that the chamber pressure is always kept slightly higher than that the gob pressure. Result of these experiments are reported in this paper. INTRODUCTION Spontaneous combustion (Sponcom) is a safety hazard in underground coal mines. The history of coal mining in the US is replete with mine fires and explosions. Sponcpm accounts for approximately 17% of the total number of fires recorded in the U.S. since 1990. In the U.S., by law, worked out areas in coal mines must be either ventilated by a bleeder system or isolated by explosion proof seals. Experience has shown that seals are not airtight structures and that they allow some leakage of air into or out of the gob. In fact, seals “breathe in and breathe out” with changes in barometric pressure (Francart 1997, and Chalmers 2010). These changes in pressure affect not only the methane emission rate but also the ingress of oxygen to the gob, the lower the pressure behind seals is, the higher the ingress of oxygen. In mines ventilated by a U-tube exhaust system, the gob is often kept under negative pressure. Under these circumstances, an increase in barometric pressure may cause an influx of fresh air into the gob. This quantity may be sufficient to start self-heating of the coal, which can lead to spontaneous combustion. Depending on the coal characteristics and the ventilation conditions, self-heating of coal can start at temperatures as low as 35 ºC. If the heat is not removed it will increase the coal temperature leading to ignition and fire. The risk of Sponcom fires can be reduced by isolating the mine gob using rated seals, and implementing a suitable ventilation system. However, isolation seals are not airtight structures, thus some leakage of air is expected unless the pressure in the gob is neutralized. The alternative is to use a pressure balancing system. This requires a thorough knowledge of the ventilation system, the seal/stopping construction techniques, the airflow behavior in the gob area, and the gas build-up behind the seal line."

Jan 1, 2016

By William Gleason

The world has seen unprecedented economic changes in recent years, starting with the stock market collapse of 2008 and the great recession that followed. With these changes, the mining industry, like others, has been forced to find ways to adapt to the shifting and sometimes volatile conditions. It has been a bumpy ride that has not been easy. Prices for most commodities have been in a decline in the past several quarters ? albeit still well above the average prices of 10 years ago ? as the costs of production have been on a steady incline for the past 10 years. Adding to the concern was the report in April that China, which had grown at an average pace of 10 percent/year, for the past decade, slowed to less than 8 percent gross domestic product (GDP) growth this year, catching many off guard. Even gold, once the safe haven for investors during rocky times, stumbled in April of this year, losing 7 percent of its value in two days. So what?s an investor to do ? and how can companies still attract financing? For the first time in 10 years, SME, in conjunction with the New York Local Section of SME, attempted to clear the waters of the mining finance sector with a conference focused on ?Current Trends in Mining Finance.? Held at City University of New York, Graduate Center, April 29-30, the two-day conference attracted 148 attendees and was intended for senior executives and mining industry specialists, covering a range of important topics and trends through 17 panels with about 50 speakers. The presentations came from representatives from some of the most influential companies in the mining and financial sectors, including Citi, Nomura, Societe Generale, Caterpillar, Newmont Mining Corp., Ernst & Young, Export Development Canada (EDC), KPMG, HSBC, Tocqueville Asset Management, BNP Paribas, Revett Minerals, Royal Gold, Environ and ERM.

Jul 1, 2013

A Mark IV surface force apparatus (SFA) was used to conduct direct force measurements between mica surfaces in dodecylamine hydrogen chloride collector solutions at varying pH levels. It was found that long-range hydrophobic forces reach a maximum at pH 9.5, which also corresponds to the maxima attained by the contact angle and flotation recovery of quartz. The charge densities are comparable on both mica and quartz surfaces (0.40 to 0.48 nm2), making it possible to draw conclusions on the flotation of quartz from the direct force measurements conducted on mica. Therefore, it may be suggested that, in the pH range of 8.0 to 10.3, the maximum flotation recovery of quartz may be attributed to the appearance of a long-range hydrophobic force, which, in turn, can be related to the formation of a close-packed monolayer (or hemimicelle) in the presence of neutral amines formed as a result of hydrolysis.

Jan 1, 1998

To maintain its brand position in the competitive market of mining equipment, the Volvo Construction Equipment (Volvo CE) engineers were challenged to develop top-performing wheel loaders and articulated haulers even faster than before. To start, this meant reducing prototype test cycles by two-thirds. The final goal? Chopping in half the virtual prototyping time in early design phases. Creating a unified co-simulation solution In this ground-breaking project, the Volvo Construction Equipment design team in Eskilstuna, Sweden, replaced its piecemeal department-by-department process with a single solution based on LMS Imagine.Lab AMESim. With one unified model, they could simulate the behavior of four major vehicle subsystems in wheel loaders and articulated haulers: hydraulics, powertrain, thermal management and the actual driver. Subsystem models exchanged data seamlessly.

Jan 1, 2011

By B. Mishra, K. Savage, T. Evans, A. Noble

"Recent government initiatives and commercial activities have targeted asteroids for in-situ characterization, manipulation, and possible resource extraction. Though emergent technologies may be effective for such undertakings, uncertainties remain concerning the effects a space environment may have on the mechanical behavior of rocks. Various non-destructive rock characterization techniques can empirically predict in-situ rock strength on Earth; however, these techniques must be adapted to account for unique space conditions. In order to mimic one element of a space environment, various rock samples were evaluated after prolonged exposure to low temperatures ranging from -75°C to 0°C. Tests included uniaxial compressive strength, Schmidt hammer, and ultrasonic pulse velocity, while rock types included shale, limestone, and chalk. This data was used to generate a temperature correction for the non-destructive methods and evaluate the accuracy of these methods in predicting strength values. Overall, these results provide insight on the mechanical behavior of rocks at low temperatures and may be used to design robust systems needed for asteroid rock characterization INTRODUCTION NASA and various commercial entities have recently targeted near-Earth asteroids for exploration and scientific investigation to better understand their in-situ properties, mechanical characteristics, and formative processes. In particular, NASA’s Asteroid Initiative encompasses several studies and mission plans that will enable future investigations while vetting technologies that can be applied to deep space exploration. One component of the Asteroid Initiative is the Asteroid Redirect Mission (ARM). This multi-stage space mission proposes to rendezvous a robotic spacecraft with a large near-Earth asteroid. Upon approach and after landing, the spacecraft will prospect the surface and identify a multi-ton boulder (up to 5 m in its largest dimension) suitable for capture. The robotic spacecraft will engage the boulder, remove it from the parent asteroid, and return the sample to a controlled lunar orbit. Once the asteroid mass is in stable orbit around the moon, astronauts aboard the Orion spacecraft will engage with the retrieved asteroid for manned exploration that will include sample collection and geologic prospecting. Launch plans for the ARM robotic craft are expected as early as 2020, and manned explorations of the asteroid mass in lunar orbit are expected to follow sometime in the mid-2020s (NASA, 2015). Overall this mission will demonstrate NASA’s ability to intersect, manipulate, and redirect an extraterrestrial body, while supplying scientific information that is relevant for planetary defense and in-situ resource utilization (ISRU) applications."

Jan 1, 2016

By William Gleason

"More than 6,300 people converged on the Colorado Convention Center for the 2017 SME Annual Conference and Expo and 119th National Western Mining Conference in Denver, CO on Feb. 19-22. Many of them crammed in to hear Douglas Silver deliver the keynote address to the conference.Silver is a portfolio manager for Orion Mine Finance, a private-equity fund focused on providing funding to advanced-stage base and precious metal projects and is one of the most respected voices in the field of mineral economics. Prior to joining Orion, he served as chief executive officer and chairman of International Royalty Corp., a global mineral royalty company, which he founded in 2003 and sold in 2011.Those who were hoping that Silver would deliver at least a bit of optimism during his 90-minute presentation got what they came for from the talk titled, “When are commodity prices going to rebound?”It marked the second time Silver has presented the keynote address to SME, the first was in 2008 and was delivered during the height of mining’s super cycle (ME, June 2008). In his 2017 address, Silver looked back on the previous 10 years and the massive contraction of the global economy that resulted from the great recession that began near the end of 2008.It has been a challenging time for the mining industry. About US$1.4 trillion was lost in the global mining stocks from 2011 to Jan. 6, 2016. Major mining companies exceeded $60 billion in write downs between 2012 and 2013 and investors lost confidence in the sector, putting the global mining industry into a bear market that has taken mining equities to historic lows.However, that was then and this is now.Using numerous examples, including rising commodity prices, a steady decline in the U.S. unemployment rate, increases in discretionary income and the Dow Jones Industrial Average, which topped the 20,000 mark for the first time ever in February, Silver theorized the current down cycle is near its end and the demand for metals and other commodities will see a sharp increase by 2025. He also noted that investors are beginning to rotate back into mining equities."

Apr 1, 2017