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By Robert T. McKnight

Introduction The minerals exploration business, like many businesses, is faced with the problem of valuing future, risky cashflows. These cashflows are derived from those mineral deposits which have been successfully commercialized. Many deposits, however, do not have the quantities or grade of ore to be considered economic at the projected metal prices using the traditional tools of the Capital Asset Pricing Model and discounted cashflow analyses. If one calculates the future revenues, costs and cashflows of one these marginal properties, and discounted it at the appropriate risk-adjusted discount rate, it may have a negative present value. Yet such a property may still have real, positive value in the marketplace. Why would a firm pay money for a property with an (apparent) minus present value? Mining properties such as these are bought and sold in arms- length transactions on a regular basis. Why is this so? Part of the reason relates to the nature of ore reserve information. To generate cashflows, the analyst must t assume that the reserve information is known with certainty when, in fact, reserves are not known with certainty. Mineral reserves are a function of commodity price, extraction costs and the level of (usually drilling) information about the reserves. Stated, or currently known, mineral inventories may vastly understate the true state of nature. Some firms may therefore be buying a property based on a completely

Jan 1, 1988

By L. L. Lien

In this economic age of high interest rates and softening mineral commodity markets, the mining industry is taking a hard look at how it conducts its business and where economies can be effected. The capital investment to build a new metallurgical facility or open a new property has traditionally attracted substantial investigation, analysis and management attention. The areas of mineral exploitation, financial feasibility, engineering and construction have been studied extensively and their management, although still difficult, have become refined disciplines.

Jan 1, 1982

By F. F. Peng, Z. Lu

Employing a combination of two types of polyelcctrolyte might become necessary to enhance both the settling rate of the flocs and the water clarity of a fine-particle suspension in a high-capacity thickening process. The sequence of addition, mixing, type and dosage of polymer all affect the overall performance and capacity of a thickening process. For the sedimentation of copper flotation tailings, the cylinder test results showed that two different techniques may be used to achieve the required performance, i.e., a high settling rate of the flocs and the deisired underflow density and overflow water clarity. The required performance can be achieved by either adjusting the pH prior to anionic polyelectrolvte flocculation or using a combination of polymer flocculant and coagulant (dual-polymer system). The dynamic thickening test results showed that only the approach using a dualpolymer system is capable of meeting the required performance. The effects of polvelectrolvte dosage, the sequence and numbers of polyelectrolyte addition, the feed concentration, the bed level and the rake speed on the settling rate, underflow percent solids and water clarity were studied in cylinder tests and in a laboratory dynamic thickening unit. The dynamic test is especially valuable in evaluating the addition and mixing of polymers. The results were evaluated quantitatively using total suspended solids in supernatant, underflow density and capacity per unit of settling area per unit of time. The objective of this study was to quantify and explain some of the parameters involved in the sedimentation of copper flotation tailings.

Jan 1, 1999

By J. E. Lees

Advanced remote sensing can be a powerful new information tool to help private and public entities make better environmental and resource management decisions. However, some regulated entities are reluctant to develop or use this tool because of their concerns that it will lead to increased risks and costs of environmental legal liability. They fear that new ways of monitoring the environment will increase liability, undermine existing enforcement agreements, reopen compliance agreements, and generally provide a competitive disadvantage to early adopters by accelerating environmental cleanup costs. Others counter that the increased risks are marginal, and that several advantages outweigh these risks, including the opportunity to more effectively manage environmental operations, target and set priorities, measure and track management and compliance effectiveness, provide more defensible environmental assessments and baseline conditions, make and defend optimal siting decisions, and avoid or resolve environmental disputes. This paper offers strategic advice on ways regulated entities can enjoy the benefits of these powerful new information tools while mitigating down-side legal and compliance risks as much as possible.

Jan 1, 1999

By G. I. Voiloshnikov, A. F. Panchenko, N. S. Voiloshnikova

Low world gold prices stimulate development and introduction of economically efficient ( cost saving) technology for operating gold mills. This report covers the results of testing and introduction of CIL technology to recover gold from flotation concentrate of Samarta gold concentration plant located in Buryatia (Russia). This plant is treated the ore of Zun Kholba gold deposit using gravity and flotation of gravity tails as preconcentration processes. Till recently high grade gold gravity concentrate was smelted to gold bullion and shipped to gold refinery, gravity middlings were leached by cyanidation in cone type equipment developed by Irgiredmet and flotation concentrate shipped to copper smelter. The disadvantages of flotation concentrate shipping to copper smelter are following: high concentrate transport cost; problem with gold shipped balance; high cost of flotation concentrate treatment; comparatively low gold recovery. In this connection IRGIREDMET developed the hydrometalurgical technology for gold recovery from flotation concentrate. The flowsheet was developed on the base of laboratory, pilot plant and industrial scale tests conducted by IRGIREDMET in 1987-1997 and lrgiredmet experience on CIP process testing and industrial scale introduction in Yakutia [1-6]. The flowsheet is presented in Fig.1 and consists of following base operations: concentrate regrinding;

Jan 1, 1999

By Neil B. Prenn

Drill-hole contamination has been a problem for many years. Contamination of rotary drilling has been well documented. More recently contamination in wet reverse circulation drilling has been noted by Echo Bay and others at the 1991 AIME annual meeting. Mine Development Associates (MDA) has worked on a number of projects at which contamination of drill-hole samples has occurred. Properties are commonly acquired with drilling accomplished by other companies and at times the only records of the drilling program are the drill-hole logs and assays themselves. Identification of contaminated zones is sometimes difficult to determine. Most geologists and engineers in the industry are aware of the magnitude of the problem, as contamination is a relatively common problem with wet reverse circulation drilling. MDA has developed a computer program to help determine if contamination has occurred when using reverse circulation drilling, based on cumulative distribution curves and by a process we call decay analysis. Most deposits are not homogeneous throughout the deposit, but exhibit a characteristic drop-off or decay of assay values around higher-grade drill-hole intercepts. Using graphs of this characteristic decay and cumulative frequency distribution, we can use the program to help determine contamination in several ways. This paper will discuss the use of decay analysis at three gold deposits where contamination is known to have occurred. In one of the deposits decay analysis was used, successfully to determine if contamination had occurred, while in the other two the decay analysis was used to verify our decay analysis procedure.

Jan 1, 1992

By R. Ramesh

Understanding the nature of coal surface heterogeneity is a prerequisite to accurate characterization and efficient control of coal surfaces. New techniques based on the centrifugal immersion of particles from the liquid/ vapor interface and film flotation have led to independent estimation of surface energy distributions in individual coal particles. Changes in the distribution of surface sites due to oxidation and polyacrylamide adsorption on coal are studied here using the above techniques. New information on -possible conformations of adsorbed polymers is also obtained.

Jan 1, 1989

By Ricardo Presnell, Erich U. Petersen, William J. Tafuri, Donald M. Hausen, Douglas N. Halbe

Large (> 100,000 oz.) sediment hosted disseminated gold (SHDG) deposits are often spatially associated with anticlines. Many SHDG deposits are within or closely associated with windows. Windows are erosional manifestations of fold culminations (4-way closed anticlines). Hydrocarbons are often trapped in fold culminations in the Canadian Rockies, and may account for degraded hydrocarbons in many SHDG deposits. In the Eastern Basin and Range Province, Mesozoic anticlines may have been large scale conduits fm gold bearing Mesozoic and Cenozoic hydrothermal fluids which became trapped and/or concentrated at the fold culminations.

Jan 1, 1990

By Debbie Nakamura, Daniel Tempelis, John E. Shamma

The Metropolitan Water District of Southern California established a Board of Consultants to assist them in administering the design and construction of the Inland Feeder Program tunnels. The Board acts as an expert review body for the owner, looking at key issues that can potentially impact the success of the program. The use of the Board evolved over the life of the project, and its composition was modified to better address the needs of the owner, and the Program requirements. The experience, function, and value of such a board is analyzed and discussed in this paper.

Jan 1, 2003

By W. L. Han, Y. D. Zhang, X. C. Li

Meta-systhetic technique for large systems engineering has been placed on the agenda. The meta-systhetic A1 approach should involve the integration of digital and knowledge info, from qualitative to quantitative analysis, etc. Some algorithms of meta-systhetic technique such as ANN-ES and GA-ANN are introduced. A case study follows - mining conditions evaluation by meta-synthetic A1 methods, including: setting up the structure of evaluation indexes system, deciding their grade of membership by ANN-ES algorithm; determining the weight values of evaluation factors by GA-ANN algorithm; and developing the integrated evaluation model.

Jan 1, 2002

By H. Suharyono, M. Lutsky, R. Hogg

Sediment consolidation in highly flocculated suspensions occurs only if the self-weight of the material exceeds its compressive yield stress. A simple model for sediment densification is presented and applied to the simulation of thickener operations. Measured relationships between sediment self-weight and the extent of consolidation are used to establish underflow densities. Supernatant turbidity data provide the information necessary to predict overflow clarity. It is shown that thickener depth can play a role in determining solids-handling capacity as well as dewatering performance. The application of the model to the design and operation of full-scale thickeners is described.

Jan 1, 1995

By M. G. Ayat, J. W. Leonard

Introduction Coal preparation plants are continuously losing clean coal in their refuse and contaminating their clean coal product with impurities. This is due to the lack of a system by which the immediate efficiency of the cleaning operation can be determined at any given time. Moreover, the advantage of developing tagging/ tracing techniques would be a reduction in the time and money spent in evaluating the performance of advanced cleaning techniques. Currently, conventional sampling and testing, on-line analyses, and computer information systems are the major tools with which engineers analyze and control the efficiency of processing plants. Conventional sampling and testing is an effective analysis technique but it is slow. On-line analysis provides information on quality parameters rapidly, but these parameters do not provide all of the necessary information. The use of tagged particles in coal preparation plants may provide the necessary link between diagnosis and the application of computers to process control. In this work, a novel technique that uses tagged particles to generate partition data is presented (Leonard et al., 1982). Individually prepared tagged particles are added to the feed and detected in the product or refuse port of specific gravity based processes. Providing that a computer can interpret the output of a detection device and trace particles with predetermined physical properties through the coal preparation plant and that the trace particles actually represent desired raw material, sufficient partition data can be provided for computer analyses and control of processing efficiency. Coal tagging technique The use of tagged particles in coal preparation operations are in the early stages of development. Though there is a brief history of particle tracing in the mineral processing industry (Gardner et al., 1986; Foreman and Amundson, 1976; Poston et al., 1962), the concept has not yet been applied to the analysis and control of processing plant operations. Several methods for tagging coal particles have been identified. These include magnetic, radioactive, and fluorescent techniques. As far as the magnetic tagging of coal particles is concerned, a method has been developed to manufacture synthetic magnetic particles of various sizes and specific gravities. Ideally the synthetic particles would have identical size and density as the coal particles being separated.

Jan 1, 1988

By T. W. West

A description of a coal washing spiral is presented, together with a discussion of the parameters which define the envelope within which the spiral can be successfully applied. The correct process engineering, installation, operating and maintenance parameters are addressed as well as actual results for new and retrofit installations on USA coal capital and operating costs of spiral circuits are compared to those of traditional fine coal circuitry.

Jan 1, 1988

By E. Topuz, M. J. McPherson, I. M. Konduri

Theoretical investigations and laboratory experiments demonstrated that there is a great potential for the use of jet fan ventilation in mines. This paper summarizes research that consisted of laboratory-scale model tests, full-scale mine model tests and underground coal mine entry tests. The laboratory model used water as a fluid medium and simulated a typical 25-m- (82-ft-) long heading having a 1.5 x 6-m (4.9 x 19.7 ft) cross section. The effects of various nozzle positions and designs were investigated by using still photography. It was also found that the use of jets in combination with line curtains enhanced the overall ventilating effect in the model entry. Flow measurements in the full-scale mine model and in the coal mine entry were conducted to evaluate the effectiveness of the jet fan. It was concluded that the designed jet fan ventilation system was an effective means of ventilating blind airways.

Jan 1, 1998

By B. Jensen, B. K. Abraham, G. J. Tuck, A. D. S. Gillies

A dust concentration meter has been developed with Australian coal industry support for the measurement of total airborne dust concentrations capable of causing explosions in underground coal mines. The instrument, The University of Queensland Dust Meter (UQDM), measures the effective dielectric constant of a mixture of coal dust and air that is drawn between the plates of a capacitor, the capacitance of which is measured by a ratio-transformer bridge and synchronous detector system. This technique measures small changes in capacitance to approximately 1 part in 106. The unique design of the capacitor sensor permits a precise volume of coal dust and air mixture to be sampled. This arrangement overcomes difficulties inherent in optical dust measurement. The meter is portable, battery powered, incorporates data logging and has intrinsic safety approval. The operation of the meter is discussed. The system is designed to monitor dust concentrations along a coal mining face and provide concentration profiles leading to the development of suppression strategies. If data from underground tests are available, the meter's potential to contribute to establishing safe working conditions underground will be discussed. Other areas of potential application of the measurement technique are also examined.

Jan 1, 1993

By Thomas N. Walthier

Exploration is the systematically financed and technically oriented search for mineral wealth. Almost all established mining companies have an exploration department. The size of a company's search varies over the years as the company's profits, or the corporate philosophy change. While the established mining companies have exploration departments, they are also alert to acquiring discoveries made by others -- especially by prospectors and small companies without the resources to develop their find. The emphasis in some large companies stresses self-generated discoveries while others rely heavily on acquisitions; again, over the years the emphasis may alternate. In the last analysis, essentially all new mineral wealth was found through someone's exploration effort. Before we discuss how exploration is financed, it will be informative to analyze how discoveries have been made and by whom. Recently, the author conducted a survey of randomly selected major mining companies to answer these questions. Most companies responded and many went to considerable effort to give complete and detailed answers. I thank all for their help and cooperation. The questionnaire is attached as Appendix I. Appendix II is a list of the 400 companies that replied in a complete enough manner and format to be analyzed here. The results of the questionnaire are given in Table 1. Over 57% of the new orebodies acquired by 40 major mining companies during the past quarter of a century were generated

Jan 1, 1977

By Y. C. Lo

Grinding process optimization is an exciting new tool for maximizing the performance of existing mineral processing plants. This paper discusses the methodology of optimization which involves plant sampling, pilot tests, modeling, computer simulation and plant verification. The methodology developed emphasizes the interactions among operating variables and design options. Two example applications demonstrate that AG and SAG optimization provides the basis to increase grinding throughput up to 10 percent. This sys- tem optimization technology has been proven to be very cost effective for grinding plant performance improvement.

Jan 1, 1998

By J. N. Economopoulos

The mining industry is becoming increasingly aware of environmental issues and has made big forward steps in the field of environmental management. Legislation, social pressure and competition introduced changes in the industry?s policies and practices in order to conform to the new standards of environmental performance. The paper addresses the need for an integrated and systematic approach to the issues of environmental management within the mining industry.

Jan 1, 2002

By Andrew B. Allen, Charles W. Robinson, Robert L. Schneider

In April, the US Synthetic Fuels Corp. broke a three-year silence and made its first financial award by approving a $820,750 loan for the First Colony peat-to-methanol project in North Carolina (ME, May, page 403). Peat Methanol Associates (PMA), a partnership between Koppers Co., ETCO Methanol Inc., Transco, Peat Methanol Co., and l. B. Sunderland, broke ground at First Colony last year and plans to begin production in Dec. 1985. Although the award is only a small part of Synthetic Fuels Corp.'s $15-billion budget, it does signal the corporation's intention to move aggressively ahead. It also is a positive indication that First Colony will be completed and operated successfully. This article describes the methods and equipment that will be used to harvest peat at First Colony, as well as how the peat will be converted to methanol. Introduction Peat deposits found along North Carolina's coastal plain contain high-quality fuel-grade peat with an average heating value of more than 23.3 MJ/kg (10,000 Btu/lb) (dry), with a low sulfur and ash content. The deposits differ from other US peats in that they contain large, sound Atlantic White Cedar and Cypress logs, stumps, and roots that may extend throughout the full depth of the deposit. A second difference is that these deposits are much more highly decomposed and, in the raw state, have the appearance and feel of a heavy, reddish-brown grease. These factors make it impractical to use standard production equipment so a new line was developed. Also, because of these conditions, techniques were modified to facilitate production. First Colony Farms, located near Creswell, NC, developed and evaluated a milled peat program. Equipment for this production method was designed and built, production rates were established from field operations, drying rates were established, weather data were analyzed, and total operating and capital costs were estimated. The method depends on the sun and wind for drying peat to the desired moisture content, in this case around 40%. Therefore, field preparation is actually the construction of a large solar collector to dry the peat so it can be harvested and stockpiled. It is essential that this collector be properly profiled initially and maintained during production to prevent precipitation from ponding. Initial Field Preparation Initial field preparation includes cleaning existing canals and constructing ditches and water control structures for proper drainage of rainwater run-off, building adequate roads for site access, removing surface vegetation, and profiling and sloping the fields. At First Colony, the 60.7-km2 (15,000-acre) harvesting area was divided into 129.5-hm2 (320-acre) blocks about 1.6 km (1 mile) long and 805 m (0.5 mile) wide. This was accomplished by cleaning main outfall canals with adjacent roads built from canal spoil at 1.6-km (1-mile) intervals. Existing intermediate canals that feed into main outfall canals at 805-m (0.5-mile) intervals also are cleaned. Headland roads are constructed from canal spoil along each side of each intermediate canal. This 129.5-hm2 (320-acre) block is then divided into 32 harvest strips by small V-ditches constructed at 50-m (165-ft) intervals. At the end of the field with the lowest elevation, corrugated steel pipe culverts are installed under the headland road in each V-ditch to control rainwater runoff into intermediate canals. Runoff water from the fields is diverted to a holding pond to prevent any increase in peak water runoff rates and to allow for more uniform drainage rate than experienced to date. After the drainage system is installed, harvest strips are ready for grinding and sloping operations. Surface vegetation, made up of small, waxy-leafed shrubs such as Gallberry, Bayberry, Magnolia, and scattered pond pine, can be effectively ground and incorporated into the upper surface of the peat layer. Here, it will rapidly decompose and have little effect on overall peat quality, thus eliminating the standard practice of pushing the vegetation and upper wood layer into long windrows with bulldozers and hauling this debris from the fields. Incorporating vegetation into the upper surface is known as the initial 102-mm (4-in.) surface vegetation grind and is accomplished by using a modified Bros Rota Mixer. Following this operation, and by using the same unit, a sec¬ond grind with a depth of 200-255 mm (8-10 in.) is made. This reduces the debris to a finer consistency, mixes it with the upper peat layer, and grinds any wood found in the upper 200-255 mm (8-10 in.). After initial grinding operations are completed, the augering or sloping operations can be accomplished with little or no hin-

Jan 7, 1983

By Thornton L. Neathery

A small area in the Alabama Piedmont was studied to determine if metallic enrichment was associated with local magnetic anomalies. Cores from two holes in these magnetic anomalous areas have sulfide (pyrite, pyrrhotite, chalcopyrite) film on slicken-side and fracture surfaces. Two hundred and fifty soil samples were collected from the top of the "B" horizon on 1, 000 foot centers over the general trend of magnetic anomalies. Soil samples were leached with a 1:2. 7 mixture of HF and H2SO4 and the dilute filtrate analyzed for Cu, Pb, Zn, Ni, Co, Cr, Mo, and Cd, using atomic absorption methods. Concentration-value maps were prepared for each element. Small areas of anomalous concentrations were defined for Cu, Pb, Zn, Mo, and Ni. Some of these areas generally coincides with magnetic anomalies. Concentration values (ppm) range from: Cu 165.0 - 0. 5; Pb 265. 0 - 0.0; Zn 1386.0 - 43. 0; Ni 187.0 - 10.0; Co 207.0 - 6. 5; Cr 117.5 - 2.0; Mo 95.0 - 0.0; and Cd 32. 5 - 2.0. Studies of other magnetic anomalies appear warranted.

Jan 1, 1972