Search Documents

The profitability of gold placer mining operations is determined by more factors than many placer miners recognise until too late. This study is based upon field trips to examine the efficiency of mining and transportation of gravels to a wash plant by bulldozer and truck. At the examined open pit mining operations gravels were washed using water canons, derockers or scrubber trommels. The objective of this study was to determine the relationship between unit costs and power requirements for gravel mining and processing. The author conducted a number of time and motion studies at four open pit gold mines, including the Maly Patom Creek, the Nizhny Patom, the Taimendra Creek and the Kadali-Makit in the Bodaibo District, Irkutsk Region and collected and processed field data. As a part of the study significant correlations were determined and empiric regression equations derived between: power requirements (Ep) and unit cost (Cp) for gravel processing; and total power requirements (Et) and total unit cost (Ct) for gravel mining, transportation and processing. Based on the results of the study it was proposed to modify the current mining procedure methods and to replace water cannons at the Maly Patom Creek with a PPM-5 derocker. Introduction of the proposed technology resulted in 2004 in US$385 000 mining cost reduction at the Maly Patom Creek over a short-time Siberian mining season.

Jan 1, 2007

By Perry L. Christian

"Mana/ta Coal Ltd. 's Costello Mine, located seven kilometres east of Estevan, Saskatchewan, has been operating at the present location since 1960. During the past twenty-three years, annual production of lignite coal has averaged 590 000 tonnes. The coal is used for power generation and for industrial and domestic use. Markets, operating techniques, facilities in place and reclamation are discussed. Introduction The Costello Mine (formerly the Klimax Mine) is located in southeastern Saskatchewan, approximately 210 kilometres southeast of Regina and 5 kilometres from the United States' border, as shown in Figure 1. The present mine, 7 kilometres east of the city of Estevan, has been operating since 1960. The history, however, of the Costello Mine and of the Estevan Coalfield dates from the initial settling of the area in the 1880s. Mining initially consisted of burrowing into the side of the Souris River Valley or other hillsides where the coal seam was exposed. Eventually, slopes were put down in the Estevan/Bienfait area and vigorous underground activity existed. In the late 1920s surface strip mining was introduced. The use of strip mining progressed to the point where it completely replaced underground mining in the 1950s and it is the only method in use today. During the past 23 years annual production has averaged 590 000 tonnes. The lowest production was in 1960 when the mine was starting up at 167 000 tonnes and the highest production was in 1977 when production was 1 509 000 tonnes. The Costello Mine controls approximately 11 400 hectares of mineral rights in the Estevan area. This is made up of 4 900 hectares of freehold coal and 6 500 hectares of leases. The area forms a large, irregular shaped configuration. Most holdings are contiguous and adjacent. The mine also owns some 8 400 hectares of surface rights. The lands under the Costello Mine's surface rights control, which are not being used in the mining operation, are leased to local farmers and ranchers. This ensures that the land is used to its full potential, both before and after mining."

Jan 1, 1985

By M McCarthy

Over the last six years Mandalay Resources has increased production rates and improved safety outcomes at its Costerfield mine in Victoria, Australia. This mine is an underground operation utilising narrow mining techniques to extract vertical veins, and produces up to 80 000 equivalent ounces of gold per annum, in both gold and antimony value.The operational challenges of narrow vein mining include controlling overbreak when veins being mined are only 300 mm wide. The mine has developed methods and modified equipment to suit extraction of these veins. Productivity improvements over the period have involved development of a stoping method and equipment to suit 1.8 m wide development drives. Over the last five years and during a skills shortage, recruitment, training and retention of personnel has been key to keeping corporate knowledge and skills to execute a careful efficient mining technique to minimise overbreak.Managing an underground operation close to nearby residents has unique challenges. Historically Victorian residents had family members work as underground miners; however, in the current day with few underground operations in this jurisdiction, community knowledge of mining has decreased. The Costerfield Operations are only 100 m from the nearest residence and the company values community engagement, partnership and investment with local Heathcote organisations.The mine has invested substantially in executive coaching of its leadership team early, which has paid dividends in problem solving potential of that team and ensuring the operation delivers on its promises to all stakeholders. The operation has become safer and employees are now more aware of their individual contribution in producing safe, efficient gold and antimony that benefit the whole operation, community and the region.CITATION:McCarthy, M, 2016. Costerfield – a narrow vein case study, in Proceedings International Mine Management Conference, pp 331-338 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

Many mining operations are uncertain of what costs they should be achieving. The majority of cost estimates are based on historical costs that have added contingency factors. Historical costs are a valuable source of information but a more precise costing method is necessary. There are several alternative methods for predicting costs. A methodology which provides the best indication of the achievable costs is one using a standard inventory list and a bill of quantities. The model is termed a Basic Principles model and addresses basic design principles and engineering constraints.

Jan 1, 1990

By Luis Vargas

A diferencia de lo que ocurre con los precios de la mayoría de los productos, los precios de las materias primas en general no se corresponden a corto plazo con sus costos de producción. En ese sentido, el presente texto señala la influencia de los costos de producción sobre el nivel de los precios a largo plazo a través de dos formas: en el caso de las minas de producción, cuando los precios son muy bajos y no guardan relación con los costos, las menos competitivas se ven obligadas a cerrar y en las de costo medio a postergar sus proyectos de exploración y desarrollo, ocasionándose muchas veces una disminución en la vida de las minas.

Sep 1, 1977

By T. Bruce, R. C. A. Minnitt

Mining operations are generally reluctant to install high-cost sampling systems at operations that have been functioning for many years. The principal objection to installing appropriate equipment to extract correct and representative samples in process flows is the time and costs involved. The Theory of Sampling (TOS) provides a structured framework for identifying and quantifying the errors and bias associated with any sampling event, but this may be insufficient to initiate substantial investment in correctly designed sampling equipment. Financial losses arising from substandard sampling installations are usually disregarded because the value-add from a good quality sampling solution is invisible, but the cost is quite obvious. Depending on the needs, a less-than-perfect or fit-for-purpose sampling solution may be acceptable, provided the magnitude of sampling errors is understood and the assay results are interpreted accordingly. Categorical levels of acceptable accuracy and precision can be established depending on the sampling position in the mining value chain and the nature of the decisions to be made. The objective benefits of proposed fit-for-purpose sampling solutions should be presented to relevant decision-makers in such a way that adverse subjective decisions are countered so that appropriate solutions are implemented. Practical examples of the benefits from motivating the implementation of fit for purpose sampling solutions at sampling facilities around the world are provided.

Jul 2, 2022

By Steven M. Bishoff

The reclamation of surface land areas disturbed during the course of coal recovery became a major, universal consideration upon the implementation of the Surface Mining Control and Reclamation Act of 1977. This legislation not only established reclamation as an absolute requirement, but also presented guidelines for reclamation standards and required bond-posting procedures to assure completion of the reclamation process. The Office of Surface Mining was established to enforce the provisions of the Congressional mandate by promulgating specifically detailed regulations and supervising the State participation in this regulatory process. The major operational consequences of the reclamation-related provisions of the Act and the OSM regulations are the increased costs and complex procedures necessary to accommodate the regulatory authorities. It is anticipated that many of these costs and procedures have not been adequately evaluated by either the coal operators or the regulatory bodies. It is, therefore, necessary to proceed with an examination of the general reclamation processes, the effect of these processes on product costs, and the methods, if any, which may be utilized to minimize their impact on the overall operation.

Jan 1, 1981

By A. S. Baillie

THE subject of taxes appears to engage our attention altogether too lightly. At least it would seem that, notwithstanding the increase in the cost of government, and its concomitant increased taxation, little constructive work is being done with a view to solving the problem of increased taxes. I believe that the inattention of the public generally to the subject of increased taxation is due largely to the fact that shareholders are not advised of the amount of taxes paid by industry. Were companies to advise their shareholders the amount of monies paid or payable out of each year's earnings for taxes in one form or another, and were such amounts compared with the amounts available for distribution to shareholders, the effect would be a general demand for more equitable taxation methods. While I am not unmindful of the burdens and inequities in taxation confronting industry generally, I believe that the mining industry in this Province does not fully appreciate the burden represented by the costs of taxation. My reason for this belief is based partly upon1the fact that no serious effort has so far been made to devise some means By which the mining industry in British Columbia might protect itself against the ever-increasing burden of taxation. In addition to this fact the widely diverse nature of mining in British Columbia makes the accumulation of comparable data a problem which, so far as I can ascertain, has never been attempted in a manner which would be authoritative. It should not be necessary to cite the effects of this burden upon any one mining company or upon any branch of the mining industry, such as coal mining, placer mining, base-metal mining, or the precious-metal mines. In my opinion, the operation of our mines by large corporations is conducive to the payment of taxes with much less protest than would be the case were the taxes being taken out of the earnings of just a few partners or a very few shareholders. We appear to be too unmindful of the taxes, paid by mining companies, of a kind that are not so prominently brought to our attention as are the taxes which are calculated upon the taxable income of the company at the end of its fiscal year. British Columbian mining companies pay many other taxes besides those which are calculated upon taxable income. Among these are school taxes, property taxes, gasoline taxes, mineral taxes, coal royalty, to say nothing of fuel-oil tax, sales tax, and excise taxes.

Jan 1, 1935

By Vincente M. Jr. Lim, Brain W. Lawrence

Underground mining operating costs consist pri¬marily of direct costs such as labor, supervision, ma¬terials, and supplies, plus indirect costs. The material and supply costs vary substantially between mines but commonly range from 35 to 60% of the total direct costs. As part of the preparation of accurate operating cost estimates for a project, information must be as¬sembled to select the material and supply items and to determine the quantities of these items that will be required. Cost data then can be incorporated with the estimated material and supply requirements to determine the total material and supply costs for the project. Estimated quantities will vary considerably between mining projects depending upon factors such as the type of material being mined, the mining method, the equip¬ment selected, drilling and blasting techniques, mucking and haulage methods, ground support requirements, number of men employed, etc. Valuable information often can be obtained from suppliers and manufacturers, including data on current operating practices for similar projects, recommenda¬tions for the specific project, and preliminary cost quota¬tions. However, quotations obtained for estimates are generally higher than the prices paid at the time of purchase. Mines operating in the area, or those mining under similar conditions, also can provide essential design information, but it often is difficult to obtain cost information from the operators. Estimated costs for the most common major items of underground materials and supplies are presented in the accompanying tables. They represent current costs or cost ranges and are intended to be used only as a guide when preparing budgetary estimates for materials and supplies. Cost data were obtained mainly from suppliers and manufacturers, with up to three quotations being ob¬tained for each item whenever possible. In most cases, as noted in the table footnotes, prices were based on quantities representing normal requirements for me¬dium-size mine operations. Every attempt was made to assure accuracy. However, the cost for most items, especially those with multiple sources, can deviate sig¬nificantly for various reasons such as geographical loca¬tion, current market conditions, quantities ordered, size of the customer (which could influence the ultimate quantities purchased), and the ability of the purchasing department. It is also for these reasons that the actual amount individual mines are now paying for specific items may vary from the estimated cost in the tables. The cost for specific sizes of items that do not appear in the tables often can be factored from the data pre¬sented. Costs for many items can be converted easily to a unit that sometimes is more basic, but not as com¬monly used, such as from a length to a weight unit. Other items not listed, such as repair parts for equip¬ment, will involve contact with suppliers to determine specific recommended requirements and to obtain costs for these items as related to each individual project. Costs are expressed in terms of US dollars as of 1978 unless otherwise specified. All measurements, sizes, and weights are expressed in conventional units (i.e. feet, inches, pounds) ; applicable metric conversion fac¬tors follow each table. Costs are represented for drill steel and bits; mining explosives; blasting caps; blasting supplies; ground sup¬port items; ventilation equipment; utility pipe, utility hose, and accessories; mine track and accessories; tires for underground equipment; lubricants and fuels; and miscellaneous supplies.

Jan 1, 1982

By Luis Vela Arellano

El presente texto describe la importancia de dos proyectos de exploración (Cotabambas y Antillas) en la producción de oro y cobre. Dichos proyectos se ubican en la franja del Balolito Andahuaylas-Yauri. La franja de edad Eoceno-Oligoceno representa el evento tectónico más importante que emplazó los más grandes depósitos de cobre en el planeta y se extiende desde el norte de Chile (Copiapó, Antofagasta, Iquique) hasta el sur del Perú (Apurímac y Cusco). En el lado de Chile, la exploración es antigua y los proyectos descubiertos ya se encuentran en explotación avanzada, mientras que del lado peruano, la exploración continúa y los yacimientos se encuentran en descubrimiento. Asimismo, se busca Mostrar el potencial de exploración y oportunidades de expansión en la región de Apurímac y Abancay.

Feb 1, 2015

By Luis Vela

El presente trabajo señala a Cotabambas y Antillas como dos grandes proyectos de exploración del cobre, que en un mediano plazo podrían ser parte de la producción mundial de Cobre y Oro. Dichos proyectos se encuentra ubicados en la franja del Batolito Andahuaylas-Yauri. En el lado de Chile, la exploración es antigua y los proyectos descubiertos ya se encuentran en explotación avanzada, aportando más del 70% de la producción de cobre de este país (aprox. 26% de la producción mundial). Mientras que del lado peruano la exploración aún continua y los yacimientos se encuentran en descubrimiento; de aquí que la mayor inversión minera en el Perú para los próximos años está sdestinada a la construcción y exploración de proyectos en Apurímac y Cusco. En ese sentido, el proyecto Antilla es un depósito de escala moderada y con fácil acceso a infraestructura y Cotabambas es un depósito de cobre y oro de gran escala. De otro lado, Panoro ha demostrado ser exitoso en el levantamiento de capital para el financiamiento de sus exploraciones puesto que posee una base de datos confiable y robusta, regulada por estándares internacionales.

Oct 21, 2015

COUNCIL OF EDUCATION OF AIME (Formerly Mineral Industry Education Division) Established as a Division January 15, 1932 Established as a Council February 26, 1957 John C Calhoun, Jr, Chairman 0 Cutler Shepard, Vice-Chairman Thomas A Read, Secretary-Treasurer Dept of Mining & Metallurgical Engrg University of Illinois Urbana, Illinois COUNCIL OF ECONOMICS OF AIME (Formerly Mineral Economics Division) Established as a Division December 15, 1948 Established as a Council February 26, 1957 Louis C Raymond, Chairman Lorin A Cranson, Vice-Chairman Henry T Mudd, Vice-Chairman Adam K Stricker, Jr, Vice-Chairman Paul F Yopes, Secretary-Treasurer U S Bureau of Mines Albany, Oregon

Jan 1, 1957

COUNCIL OF ECONOMICS OF AIME Formerly Mineral Economics Division Established as a Division December 15, 1948 Established as a Council February 26, 1957 Douglas Donald, Chairman Sheldon Wimpfen, Vice-Chairman (Mining) A J Phillips, Vice-Chairman (Metals) E Connaughton, Vice-Chairman (Petroleum) J S Vanick, Contact AIME Director A H Lindley, Jr Secretary-Treasurer Lehman Brothers 1 William Street New York 4, N Y COUNCIL OF EDUCATION Formerly Mineral Industry Education Division Established as a Division January 15, 1932 Established as a Council February 26, 1957 L E Shaffer, Chairman J D Forrester, Vice-Chairman O Cutler Shepard, Past Chairman , Contact AIME Director

Jan 1, 1959

COUNCIL OF ECONOMICS, AIME Formerly Mineral Economics Division Established as a Division December 15, 1948 Established as a Council February 26, 1957 Sheldon P Wimpfen, Chairman John D Ridge, Vice-Chairman (Mining) A J Philips, Vice-Chairman (Metals) Warren B Davis, Vice-Chairman (Petroleum) COUNCIL OF EDUCATION, AIME Formerly Mineral Industry Education Division Established as a Division January 15, 1932 Established as a Council February 26, 1957 James D Forrester, Chairman Charles V Kirkpatrick, Vice Chairman (and Chairman-elect) Lysle E Shaffer, Past Chairman Truman H Kuhn, Secretary-Treasurer Colorado School of Mines Golden, Colorado John S Bell, Contact AIME Director

Jan 1, 1960

COUNCIL OF ECONOMICS OF AIME Formerly Mineral Economics Division Established as a Division December 15, 1948 Established as a Council February 26, 1957 Franz R Dykstra, Chairman Paul Schultz, Vice-Chairman A J Phillips, Vice-Chairman Douglas Donald, Vice-Chairman J S Vanick, Contact AIME Director A H Lindley, Jr, Secretary-Treasurer Lehman Brothers 1 William Street New York 4, N Y COUNCIL OF EDUCATION OF AIME Formerly Mineral Industry Education Division Established as a Division January 15, 1932 Established as a Council February 26, 1957 0 Cutler Shepard,Chairman Lysle E Shaffer, Vice-Chairman John C Calhoun, Jr, Past Chairman J C Kinnear, Jr, Contact AIME Director J D Forrester, Secretary-Treasurer College of Mines Univ of Arizona Tucson, Arizona

Jan 1, 1958

By Carlandrea Albonico, Salvatore Miranda

The paper describes an innovative geotechnical engineering solution that has been provided within the scope of the Galataport Project, in Istanbul, Turkey. Among all interesting geotechnical works included in the Project, this paper presents the design principle, adopted technologies and performance controls related to the Multi- Purpose Bottom Plug (MPBP). This original geotechnical engineering solution has been employed for the deep basement excavation in Karaköy and consists of a combination of seepage control, ground improvement, and load bearing elements, which have been executed with double-fluid jet grouting, pseudo-elliptical jet grouting and permanent micropiles, respectively. The paper highlights the importance of employing cutting-edge technologies within the foundation engineering field and state-of-the-art electronic control devices, in parallel with the essential human expertise, in order to obtain the desired results in this high-profile Project.

Nov 1, 2022

Mainland China To Pay Japanese Company On Contract Claim. - Mitsubishi will receive $39 million from Red China, half of what was asked, for China's having, curtailed work on a 5369 million steel rolling mill at Baoshan near Shanghai. Copper Found in Chile. - Utah International Inc., in conjunction with Getty Oil Co., has discovered a cooper deposit in northern Chile. Early drilling reveals an enriched zone grading 1.2% to 2 3% copper. Chile already has tie world's largest Cu reserve base. Soviets To Aid Laotian Tin Industry. - The U.S.S.R. has agreed to help strengthen the tin industry in Laos, a client state. In the past, Laos has only produced small amounts of tin concentrate, 500 tons to 1,000 tons per year presumably shipped to smelters in Singapore or Penang, Malaysia. Under the agreement made in June, the Soviets are to supply equipment to increase the out put of tin from the Phontieu, Neng, and Nongsen mines and help Laos with the construction of a tin smelter. The U.S.S.R. itself is a net importer of tin, although a substantial producer of the metal.

Jan 1, 1981

U.S. Minerals Coordinating Council Advised. -The Critical Materials Act of 1981, H. R. 4281, introduced on July 27, would create a Council on Critical Materials in the White House Executive Office to oversee Federal materials programs involving $1 billion committed to research by 14 agencies, and to serve as the President's focal point to evaluate materials policy. It was introduced by Congressman Fuqua (D-Fla.) whose Committee on Science and Technology has over-sight over the implementation of P. L. 96-479, the National Materials and Minerals Policy, Research and Development Act of 1980. Bulgaria's Mineral Bank. -Recently Bulgaria established a mineral bank to facilitate receipt of foreign credits for exploiting Bulgaria's mineral raw materials. The bank has wide powers to enter into business arrangements with foreign creditors. Bulgaria's main interest in trading with the West is to import the technology for developing energy and mineral resources.

Jan 1, 1981

By NEFE NONE

Possible New U.S. Half-Dollar. - Tile George Washington Commemorative Coin Act, H.R. 3133, was introduced in the House and approved by the House Banking Committee. It would allow the minting of at least 10 million commemorative silver half-dollars the size of the same coin produced before 1965. A companion bill, S. 1228, was introduced in the Senate. Taxes and the U.S. Minerals Industry. - The General Accounting Office completed a report to Congress on "Assessing the Impact of Federal and State Taxes On the Domestic Minerals Industry." the study presents a quantitative method to assess the effect of taxes on profitability, and suggests ways to use taxes or tax credits to help marginal mine operations and possibly to increase mineral production, Limited copies of the 139-page report are available free of charge from U.S. General Accounting Office, Documents Handling & Information Sevices Facility, P.O. Box 6015 Gaithersburg, Md. 20760.

Jan 1, 1981

U.S. Gold Commission Established. - The President, with the authorization of Congress, has named a gold commission made up of 17 individuals, most of them Government officials, to study U.S. policies related to the role of gold in domestic and international monetary systems and report its findings and recommendations to Congress. U.S. Lead Exposure Ruling. - On June 29, the Supreme Court upheld the Government's right to set lead exposure levels for employees at the workplace. The Court ruled in favor of the Occupational Safety and Health Administration (OSHA) in a challenge by a group that alleged that OSHA had failed to conduct a cost-benefit analysis prior to issuance of the lead standards. It was the Court's contention that Congress did not require such an analysis when it empowered OSHA to establish workplace standards. The petition to the Court was made by the Lead Industries Association Inc., Battery Council International Inc" American Iron and Steel Institute, St. Joe Minerals Corp., and other lead mining and consuming firms.

Jan 1, 1981