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By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By S. Schwartz, T. Bilney

"Over recent years a number of techniques have been developed as part of the AMIRA1 P9 project to represent mathematically or measure directly sub-processes occurring in flotation cells. These include the determination of:•,?a machine parameter (bubble surface area flux, Sb);•,?a froth parameter (froth recovery, Rf );•,?entrainment and drainage parameters (???and d); and•,?an ore floatability parameter (Pi).These flotation parameters allow the plant engineer to develop a model of the flotation circuit that can be used as a powerful tool to diagnose the performance of that circuit. The recently developed JKSimFloat V6 flotation simulator uses these parameters to predict the flotation circuit performance that would arise from changes in operating conditions and circuit configuration.This new flotation technology was applied to the Placer Kanowna Belle Gold Mine in Western Australia. A series of plant surveys, cell characterisation measurements and laboratory batch tests were conducted to determine the flotation circuit model parameters to be used within the JKSimFloat V6 simulatorA thorough flotation circuit analysis was then performed at Kanowna Belle using JKSimFloat V6. The recommendations that were provided by this circuit analysis have resulted in large improvements in the flotation performance at Kanowna Belle. These include a 1.3% increase in flotation gold recovery and a substantial decrease in operating costs. The analysis is still ongoing, however, the benefits already obtained from applying this technology have resulted in a US$1.3 million a year improvement to the mine."

Jan 1, 2005

By L. D. van Dyk

The extraction of iron and lead from their oxides with a volatile organic ligand such as acetylacetone in the gas phase offers potential advantages of lower energy consumption, recycling of the extractant, recovery of pure metals, and a reduced environmental impact compared with conventional extraction processes. The influence of reaction temperature, ligand flow rate, and metal oxide levels on the extraction and rates of reaction of iron and lead from single metal oxide (synthetic haematite (Fe2O3) and synthetic massicot (PbO)) systems in a fluidized bed was studied. It was found that at the investigated acetylacetone flow rates, the influence of mass transfer was limited, but that the reaction suffered from reactant starvation. When the metal load increased the effect of starvation on the rate of reaction also increased. The reaction kinetics increased with an increase in temperature for both systems. At low metal oxide concentrations more that 80 per cent of the iron and lead could be extracted from their respective metal oxides after only four hours.

Jan 1, 2012

By G. A. Bezuidenhout, S. Bradshaw, W. Malan

"The purpose of the study was to investigate the feasibility of SiC reduction of low-grade concentrates from Lonmin’s Rowland and Easterns operations with respect to metal fall and PGM recovery. These concentrates are rich in SiO2 and MgO with low concentrations of chalcopyrite and Cr2O3. Pd is the most abundant of the PGMs. SiC reduction of samples was conducted at 1600? with 2.5-3.5 kg SiC per 100 kg concentrate.PGM recoveries for Easterns concentrate were better than for Rowland. More than 85% of the Ir and Pd and almost 60% of the Pt were recovered with 3.5 kg SiC per 100 kg concentrate. SEM of slag samples showed little entrainment of metallic prills compared to Rowland samples. This was attributed to the relatively higher melt viscosities of the Rowland concentrate. In order to decrease slag viscosity and to enhance PGM recovery, the FeO content of the Easterns concentrate was increased with the addition of 10 kg converter slag per 100 kg concentrate. Ir and Pd recoveries were increased to about 95%, while Pt recovery was around 70%. On the basis of these results an optimum feed ratio between Easterns and Rowland concentrates and converter slag is proposed. Carbothermic reduction of the optimum charge was also compared to SiC reduction. Carbothermic reduction yielded a marginally higher metal fall; however, the calculated gas emissions and energy requirements were higher than for SiC reduction."

Jan 1, 2015

By R. Cotton

"1. INTRODUCTIONTo say that the environment will be a dominant issue in the 1990' s is an understatement. A world-wide ""green revolution"" is taking place not only with the general public and politicians, but in the boardrooms and plant facilities of corporations around the world. There is probably not a plant manager who has not been requested by his corporation to assist in some way on environmental issues by providing advice and strategy, by dealing with customer or community concerns, by considering environmental matters in transactions, by developing new environmental compliance policies and requirements, and so on.There are, in the author's view, three main challenges for the mining industry in the environmental area in the 1990's. This paper will discuss each in turn. The first challenge is the concept of ""sustainable development"". Whatever the meaning of this much-debated phrase, we are rapidly moving beyond the buzzword, and into the specifics. It will clearly impact on the way we manage our companies, our communities and our personal lives.The second is the challenge of personal liability; particularly for officers, directors, supervisors and managers of the corporation. For example, in Ontario today, a good percentage of prosecutions for pollution offences are against individuals, usually managers and supervisors, in addition to the prosecutions against the corporation itself for the same offence. In all likelihood, prosecutions will increase in number and will increasingly be directed at individuals. A corporate president has already served a jail term for contempt of court related to his corporation's breach of a court order related to sewer by-law offences. Although the case is on appeal, another president has become the first officer in Canada to be sentenced to jail for violation of an environmental protection statute. Other corporate officers and directors have recently been charged with breach of their duty under Ontario's Environmental Protection Act."

Jan 1, 1991

Preface The intention of this paper is to provide the reader with knowledge gained here at Memorial University regarding the practical use of the Bruker SDD x-ray detector for applications in image analysis. Included below are descriptions of the detector’s characteristics and observations regarding precautionary use. What is described below is relevant to the XFlash® model 3001 detector only, whereas the model 4010 is the new and currently available detector. The manufacturer has provided up-to-date information and a figure that presents very different behaviour relative to the characteristics described in this paper. That information and figure is also included here as an addendum (see figure 9). Introduction It has been more than two decades since an image analyzer has been proposed based on the unique imaging characteristics and spatial resolution provided by the scanning electron microscope (SEM) together with energy discriminating x-ray (EDX) acquisition (Reid et al, 1984). From the inception of technique, technology of the day has played the major role for making applications increasingly more practical. Computers, digital imaging, and softwares together with computer automation of modern digital SEMs have all played their part in advancing the technique to where it is today.

Jan 1, 2007

By R. Ciccu, P. P. Manca, A. Bortolussi, G. Massacci

Tool performance and the unit cost of cutting depend on a number of operational variables (peripheral velocity, pull-back force, water injection rate, angles of the sections of wire outside the rock) as well as on the geometric features of the cut itself (area and shape). Cutting rate and wire productivity are also influenced by the type and number of diamond beads per unit length of wire and by the characteristics of the rock (granite or marble). A computer program aimed at handling a problem of this complexity has been developed and tested with the use of available field and laboratory data and has been found acceptably reliable. Discrepancies between current industrial data and some of the results suggest future lines of research, while the simulation should also be extended to include different types of rock and tool and a variety of bench face geometries

Aug 1, 1994

By Edwin W. Meyer

The augered cast-in-place piling technique was used to install deep foundations 20 feet into weathered sandstone. The project involved the upgrading of the Air Quality Control System (AQCS) for a 560 megawatt coal fired power plant located in Stillwater, Minnesota. The site subsurface consisted of 20 feet of overburden overlying weak sandstone. The overburden consisted of sands and gravels with cobbles and boulders, and variable thicknesses of peat. Ground-water at the site was approximately 8 feet deep. Two foot diameter piers were selected to facilitate installation through the cobbles and boulders in the over-burden and to penetrate the sandstone 22 feet. During installation of the first pier, the weak sandstone broke down to sand-sized material that could not be cleaned from the pier hole without the use of slurry to hold the material in suspension. However, the use of slurry would significantly impact both schedule and cost. Since the sandstone could be easily drilled with the pier equipment, it was believed that 2 foot diameter deep foundations could be installed as designed using augered cast-in-place piling techniques. A brief test drilling pro-gram was conducted to evaluate the viability of 2 foot diameter continuous flight augers penetrating 22 feet into the weak sandstone. The test drilling indicated that augered cast-in-place installation techniques should be successful. Following a short delay to mobilize the additional required equipment, construction commenced. Installation of the 2 foot diameter augered cast-in-place piling to a depth of 22 feet into the weak sandstone was successfully performed.

Jan 1, 2006

By Gungor Tuncer, Ali Kahriman, Abdulkadir Karadogan, Umit Ozer, Ertugrul Kaya, Kagan Ozdemir

The results of bench blasting on quarries, have important influences on the performance of subsequent mining activities such as loading, hauling, crushing, grinding etc., and the total costs of that mine. Drilling and blasting is an important step in mine producing chain and its results such as fragmentation, muckpile shape and looseness, dilution, damage and rock softening effect the efficiency of downstream processes. Within the scope of this study, the three different hydraulic excavators’ working performances have been studied considering the particle size distribution after bench lasting at a quarry in Istanbul Turkey. Five shots have been realized on the quarry and average particle size of muckpile after each shot were assessed by digital image analysis method. Bucket loading times have been measured by stopwatch study after five shots. Excavator bucket loading times were also estimated by bucket loading time estimation formula which was published in ISEE 2007 Conference, Ozdemir et al. 2007. Estimated and measured times have been statistically analyzed and the accuracy rate of formula has been determined for five events.

Jan 1, 2008

By Francisco Sena Leite, Pedro Brito, Auã Kiahla, Raquel Carvalhinha, Tomi Kouvonen, Vinicius Miranda

Shockwaves that generate vibration in the surrounding environment of a blast, are one of the most important factors to control drill & blasting works near delicate buildings as well as in sensitive structures (wall control). On top of the damage to the buildings themselves, sensitive equipment such as computers, measurement apparatus and medical devices can be also compromised. The most commonly measured values from vibration are PPV (peak particle velocity), acceleration and displacement. Some devices and techniques have been developed in the last decades to measure the impacts of these vibratory phenomena. This information can be used to predict levels of vibration for future blasts and improve their quality of design using the attenuation law. From traditional studies to modern seismographs, a range of solutions are used for this propose. The main problem of applying this kind of technology is the high cost associated with each measurement device. In order to measure the ground vibration using new technologies while lowering the cost, a device has been developed using a microcontroller and electronic sensors commonly found on the market. This new equipment was tested side by side with traditional seismographs and the results were sent to a server for analysis. After several blasts, the necessary data was generated for the validation of the prototype. Through numerical mathematical processing (Taylor’s approach and numerical derivation) the original data supplied by the accelerometer’s sensors was transformed into velocity and, after the data mining, a statistics residue analysis was applied in order to evaluate if the data from the prototype and from the traditional seismographs were similar. The data from each system was used to estimate the attenuation law and the results are shown in this paper.

By E. D. Calvert

The objective of this research was to examine variations in melting and forging practice for four titanium-base alloys and to determine their effect on the resultant product. Of particular interest was the evaluation of the skull-casting technique. The data should serve as a guide to producers and consumers of titanium products. Physical properties of four titanium-base alloys in ingot form and in sheet form were evaluated and correlated, where possible, with variations in the melting and casting procedure. Consumable-electrode melting was used throughout, but arc current and furnace backfill pressure were varied, and ingots were formed both by melting directly into a water-cooled copper mold and by skull melting followed by pouring into a graphite mold. Alloying metal additions for the alloys tested were (1) 8 percent manganese, (2) 6 percent aluminum and 4 percent vanadium, (3) 6 percent molybdenum and 2 percent aluminum, and (4) 16 percent vanadium and 2.8 percent aluminum.

Jan 1, 1962

By Fumihiko Sumiya, Hideki Hamashima, Shigeru Itoh, Shinya Tanaka

The detonation characteristics of non-ideal explosives, especially the emulsion explosives, are critically affected by the confinement of case. In this study, we focused the shock wave propagating in case as confinement factor. Therefore, the objective of this study was to obtain a better understanding of the influence of shock wave propagating in case on the detonation characteristics of explosives in laboratory scale.

Jan 1, 2007

A new method, localized uniform conditioning (LUC), was proposed in 2006 for modelling grades of small blocks of ore when data spacing is too broad for their accurate modelling by the linear regression based techniques, such as kriging (Abzalov, 2006). It represents a modified uniform conditioning (UC) technique that calculates the grade distribution functions for the large panels. LUC uses partitioning of the panels onto the small blocks and then ranks them in increasing order of grade. Based on the block ranks, a single grade value can be deduced for each block from the UC model of the gradetonnage relationships of the corresponding panel. After being first presented in 2006, the LUC method has been implemented in ISATIS© (commercial software) and became one of the common approaches for grade estimation when data spacing is broad in comparison with the estimated block size. Several years of study on the LUC method and its application to different geological environments, have allowed identification of the strengths and weaknesses of the method, which are as follows: ? The method produces accurate grade-tonnage functions, which are in a good accordance with a volume-variance relationship principles ? An initial ranking of the selective mining unit (SMU) blocks can be made by direct kriging from the sparse data grid. Therefore, the LUC method can be particularly useful at the early stages of exploration and mining project evaluations when sparsely distributed data is often the only available information ? Accuracy of the local estimation depends on the SMU ranking techniques. When ranking performed by direct kriging of the SMU blocks their spatial distribution is approximate. When the variogram of the studied variable is characterized by a large nugget effect, the block ranks produced by kriging can significantly differ from their ?true? distribution ? Block ranking can be improved using auxiliary data, either geophysical or geochemical. This allows use of the LUC method for integrating different data sets. In particular, LUC can be used for grade control in open pits by integrating resource definition data (e.g. drill-hole assays) and blast-hole assays. The latter are used for the block ranking.

Jan 1, 2014

By S M Richardson, A W McNeill, J B. Gemmell

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Hellyer, Fossey, Que River and Mount Charter volcanic-hosted massive sulfide (VHMS) deposits occur within the Que-Hellyer volcanics of the Mount Read volcanics, Tasmania. These deposits occur along a 6 km strike length and are hosted by the same stratigraphic unit. We use a combination of whole-rock geochemistry, short wavelength infrared (SWIR) spectrometry, laser ablation inductively coupled plasma mass spectrometry (LA-ICP-MS) analyses and compiled historic whole-rock geochemical data to develop district-scale vectors towards VHMS mineralisation.Strongly sericite and K-feldspar altered rocks concentrate along a linear trend from Hellyer, through Que River, to Mount Charter. Ishikawa alteration index values and whole-rock major and trace element concentrations provide exploration vectors towards mineralisation on a regional scale as significant enrichment and depletion trends. On a deposit scale, composition variations in white mica (sericite alteration), chlorite and K-feldspar are observed and reflected in whole-rock geochemical variations. Regional SWIR data from drill core support the prevalence of phengitic mica and high-Mg chlorite within footwall alteration halos and highlight the main upflow zones of hydrothermal fluids in the VHMS district. The combined use of regional whole-rock geochemistry, SWIR and mineral chemistry is an effective way to highlight prospective areas for VHMS mineralisation in a mature exploration province.CITATION:Wu, S, Gemmell, J B, McNeill, A W and Richardson, S M, 2015. Exploration implications from variations in whole-rock and mineral chemistry around the volcanic-hosted massive sulfide deposits of the Que-Hellyer volcanics, Tasmania, Australia , in Proceedings PACRIM 2015 Congress, pp 85–90 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By K. Heindlhofer

Estimates of the "plasticity" of a metal are commonly deduced from three types of test—tensile, torsion and impact. The several results have been more or less at variance, though this disparity has attracted little notice, largely perhaps because they have been expressed in different terms. The discrepancy between the results of the three tests becomes obvious when each is made at a series of low temperatures, for the temperature range within which the "plasticity" of iron largely disappears proves to be very different in the three types of test. The rather abrupt disappearance of "plasticity" of iron within a narrow temperature range cannot be due to any physicochemical change (such as a precipitation) taking place in the material at that time, because the original plasticity is immediately regained when the temperature of the material is brought above the sensitive range. Accordingly this difference in behavior shows that the "plasticity" of a metal depends upon the mode of action of the stresses which produce the deformation, and therefore upon the method of test. Analysis of the stresses leads to the conclusion that the observed plasticity of a metal is determined by the relation between its resistance to rupture by separation and its resistance to shear (slip), on the one hand, and between the effective normal and shearing stresses on the other; and that the relation between the two resistances does not in general remain constant with change of temperature, and may somehow be altered to some extent by the previous treatment of the specimen. This suggests the view that the results of none of the usual mechanical tests are directly comparable even for a single metal tested at a series of temperatures, or for a series of metals at one temperature, because the proportion of the total resistance of the metal to the test contributed by the

Jan 1, 1935

By K. Heindlhofer

Estimates of the "plasticity" of a metal are commonly deduced from three types of test—tensile, torsion and impact. The several results have been more or less at variance, though this disparity has attracted little notice, largely perhaps because they have been expressed in different terms. The discrepancy between the results of the three tests becomes obvious when each is made at a series of low temperatures, for the temperature range within which the "plasticity" of iron largely disappears proves to be very different in the three types of test. The rather abrupt disappearance of "plasticity" of iron within a narrow temperature range cannot be due to any physicochemical change (such as a precipitation) taking place in the material at that time, because the original plasticity is immediately regained when the temperature of the material is brought above the sensitive range. Accordingly this difference in behavior shows that the "plasticity" of a metal depends upon the mode of action of the stresses which produce the deformation, and therefore upon the method of test. Analysis of the stresses leads to the conclusion that the observed plasticity of a metal is determined by the relation between its resistance to rupture by separation and its resistance to shear (slip), on the one hand, and between the effective normal and shearing stresses on the other; and that the relation between the two resistances does not in general remain constant with change of temperature, and may somehow be altered to some extent by the previous treatment of the specimen. This suggests the view that the results of none of the usual mechanical tests are directly comparable even for a single metal tested at a series of temperatures, or for a series of metals at one temperature, because the proportion of the total resistance of the metal to the test contributed by the

Jan 1, 1935

The Greymouth Coal Project is a proposal to mine by the application of proven hydraulic, and room and pillar underground mining methods; and to process the equivalent of an average of 1.7 million tonnes per year over a forty-year period. The proposed mine site is located ten kilometres north of Greymouth, on the west coast of the South Island of New Zealand. Of the three separate mineable seam groups, the thick Main Seam Group, which makes up 77% of the total resource, will be mined by hydraulic mining technology.   It is proposed to market and produce a high volatile bituminous type coal with low ash (6%) and sulphur (0.4%). Because the inherent ash content is low, the requirement for coal treatment will only be the use of a single cell jig circuit to control the effects of rock dilution and partings. The resulting coal product is tentatively planned to be transported by rail to the port at Lyttelton for loading on to Panamax or Post Panamax size vessels.

Jan 1, 1997

By S. Tanaka

The Tamano Smelter of Hibi Kyodo Smelting Co. Ltd. was commissioned in 1972. Since start up, the anode production capacity has increased from 101,000 tpy to 290,000 tpy, as a result of the application of continuous improvements at each phase of the expansion projects. The Tamano Smelter had developed several innovations, including the original coke combustion technology for Flash Smelting Furnace operations (T-FSF), and has also been able to extend the operating life of the Peirce-Smith converters. This paper will present several improvements implemented at the Tamano Smelter, and will discuss relevant P-S converter operation.

Jan 1, 2005

By I. C. Spangenberg

The status of sampling practices in the gold mining industry in Africa was determined as an initial step in a process to standardize sampling practices in the mining industry. Twenty-one gold mines, twenty metallurgical plants, and thirteen laboratories were rated for the potential influence of the relevant sampling errors on each component of the particular sampling system. The findings of the study on the status of equipment, standards, procedures, and management principles were presented in a dissertation (Spangenberg, 20121) and are now used by AngloGold Ashanti?s mines in the quest for correct sampling practices. The information is also used to compile a guideline on leading practice procedures for sampling methods in gold mining. This article is an overview of sampling best practice found in African mining Keywords theory of sampling, best practise, sampling errors, sampling standards.

Jan 1, 2014

By W. Dziurzynski

Transient states of the air parameters in mine workings occur as the effects of natural and technological disturbances, and in particular as a result of changes in ventilation conditions, caused by alteration of the mine workings geometry, state of fans performance or emission of gases. Particularly significant are those transient states caused by disturbances resulted from catastrophes, since they are frequently associated with violent phenomena that may be a danger for life and health of the staff working underground. The paper presents a number of examples of transient states of the air parameters in mine workings after a catastrophe, like the bump in the ZABRZE-BIELSZOWICE coal mine. Registration of air disturbances by the monitoring systems of ventilation in mine workings in the area of disaster both at the moment of a catastrophe occurrence and later during the rescue operation, enabled to track out the incident and identify the circumstances and reasons of those tragic events which caused death of 18 miners during last two years. Furthermore, computer simulations of processes occurring in mine ventilation network make effective research tools to be applied in practice, among others for the study of accidents and disasters.

Jan 1, 2003