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By Jan Luca Grunow, Ansgar Bendiek, Klaus Böde

According to the Markowitz portfolio theory the value of a diversified portfolio is higher than the sum of the parts of a portfolio, which is an important consideration for the correct valuation. This is valid for real estate portfolios as well as for mining assets (or enterprises). This paper analyses the application of the portfolio theory to a diversified portfolio of assets in the real estate industry and draws conclusions on further research work to be done in the minerals industry. The volume of real estate transactions is increasing over recent years. As such, the nature of those transactions is constantly changing and in some cases portfolios become more heterogeneous as they are composed of different property categories, e.g. locations and types of use. This makes their economic evaluation more difficult. This paper focuses on the acquisition of a fairly heterogeneous real estate property portfolio purchased by “Commerz Real” in Germany in Q4 2019. For economic evaluation the widely used Markowitz portfolio theory (Markowitz, 1952) was applied. It was investigated whether diversification effects could achieve added value in the form of a reduction in risk compared to the sum of their individual components. As a result the findings of this research could be applied to other heterogeneous real estate transactions and even to mine property portfolio or PPP1 project portfolio transactions.

Jun 25, 2023

By K. Rainer Massarsch, Bengt H. Fellenius

"Abstract Vibrations generated during the driving of piles or sheet piles can affect buildings or installations in the ground. However, observed building damage is not always caused directly by dynamic effects, but can also be related to foundation conditions. The importance of geotechnical conditions is usually not taken into consideration in most vibration standards. This paper describes how building foundations, and in particular mixed foundation types, are especially sensitive to ground vibrations. A method is presented for assessing the risk of settlement due to vibrations in granular soils. Also, a simple concept is proposed for estimating settlements in the vicinity of driven piles.1. INTRODUCTIONUnder unfavorable conditions, the installation of piles or sheet piles can cause damage to buildings or other structures on the ground. Frequently, such damage is attributed to vibrations of the building itself. In many countries, national or international standards are used to assess the risk of vibration damage to buildings. As such standards are often prepared by engineers with little or no geotechnical knowledge, the effects of ground conditions on vibration propagation and damage to building foundations are generally not recognized, and damage criteria based solely on the dynamic response of buildings neglect the importance of damage mechanisms governed by geotechnical conditions. One potentially important damage mechanism is differential settlement below buildings, especially when these are founded on loose granular soils. When seeking guidance in the literature, little or no information can be found regarding methods to assess permissible levels of ground vibrations with respect to risk for settlement.This paper focuses on building damage that can be attributed to foundation conditions. In the case of ground vibrations due to pile and sheet pile driving, differential settlements are of particular importance as the ground vibrations attenuate relatively rapidly from the source. Consequently, settlement below part of the building, which is located close to the vibration source, can be significantly larger than at a distance further away.Piles are often a cost-effective foundation solution for buildings on loose and compressible soil, frequently located in urbanized areas. Sheet piles are commonly used as support for deep excavations. While impact driving is most commonly used to install piles, vibrators are frequently used for driving (and extraction) of sheet piles. It is important to recognize the fundamental differences between impact and vibratory driving. During impact driving, the pile is subjected to stress waves of short duration. The driving process creates vibrations, which radiate from the shaft and/or the toe of the pile into the soil. The larger the intensity of the stress wave, the larger the dynamic force and the intensity of ground vibrations. In addition to the vibration intensity, which often is expressed in terms of particle velocity, also the vibration frequency is important. When the dominant frequencies of the generated vibrations harmonize with the resonance frequency of buildings or building elements, the risk of building damage increases."

Jan 1, 2014

By Ruth F. Brinkley

This report is the 18th of a series of reports originally issued annually, and more recently bienially, to acquaint the public with the work of the Federal Bureau of Mines in explosives technology. Part I reviews briefly the overall activities during fiscal years 1957 and 1958.4/ Part II presents in abstract form the publications prepared by the Bureau that appeared during the period.5/

Jan 1, 1961

By Zhenbo Zhao

The processes and equipment for INLRFH (Isothermal Normalizing by Utilizing the Residual Forged Heat) of alloy carburizing steel products are presented. It is shown that four key parameters: namely (I) cooling rate before isothermal normalizing, (IT) the lowest cooling temperature before isothermal normalizing, (111) isothermal normalizing temperature and (IV) isothermal normalizing time, should be controlled. The prediction and calculation of these parameters can be achieved on the basis of components treated and the technical requirements of the steel parts by an on-line expert system. The cost-reductions due to the energy savings resulting from implementing this system for automotive parts heat-treatment are most promising.

Jan 1, 1999

Sluiceboxes can provide a much higher concentration ratio than most other gravity concentrators (up to 50 000:1) at very high overall placer gold recoveries (greater than 99 per cent). They are also very reliable, inexpensive and simple to operate. This combination is very difficult to beat and explains why the sluicebox is still the most important placer gold concentrator in northwestern Canada, Alaska and the rest of the world. A sluicebox is a rectangular fl ume containing riffles on matting, through which a dilute (<12 per cent) slurry of water and alluvial gravel flows. Sluiceboxes are actually centrifugal concentrators with settling velocity playing a minor role in gold recovery. Due to their higher density, gold particles tend to segregate to the bottom of the slurry flow where they form a streamline that is diverted by a low pressure zone into a riffle. Under ideal conditions, this ribbon of slurry will be overturned as it flows down the rear of the following riffle and will continue fl owing in a circular path to form a vortex. At the bottom of this vortex, centrifugal and gravitational forces combine to drive gold particles into or beside the matting. To remove the gold concentrates, sluiceboxes are shut down and the riffles and matting are taken apart and cleaned. The slurry velocity provides the energy that powers the vortex. If the velocity of the slurry is reduced through overloading with solids, insufficient water flows or shallow gradients it may not sustain a full size vortex. If the riffles are too close, too far apart, too tall, or if there is not enough energy available to the vortex, the vortex will not be formed properly and gold recovery will be reduced. If the slurry velocity is too high, extreme turbulence and the resulting scouring will also cause gold losses. Testing sluiceboxes with conventional sampling and evaluation techniques is very costly, time consuming and problematic. Most placer gold ores contain a very small number of gold particles in a large volume of pay gravels. Sluiceboxes can lose coarse gold particles. The presence or absence of one of these particles in a tailings sample can lead to high unpredictable errors (nugget effect) even when large sample volumes are processed with care. Every time conventional samples are upgraded, additional errors are introduced due to the inefficiency of recovery equipment. Nuclear tracer tests are more accurate, faster, cheaper and safer than conventional sampling. In 1989 through 2002, the recovery efficiency of dozens of sluicing systems was determined by mixing radioactive gold particles (tracers) into the feed streams of dozens of placer mines in the Yukon Territory, British Columbia, Alaska and Guyana. Four distinct sizes of nuclear tracers were used and their recovery was related to the design and operational characteristics of the individual sluiceboxes and their pay gravels. At clean up, scintillometers were used to detect the very low level X-ray and gamma ray radiation emitted by these tracers and locate them in the sluice runs. The effectiveness of any given section of riffles was easily diagnosed by the presence or absence of tracers. At every mine the gravel feed rates, water flows, equipment dimensions and riffle performance were measured. After the gold tracers were removed from the fi nal concentrate and counted, the concentrate was sieved and weighed. These gold recovery, weight and sieve data were used to calculate the quantities and size distributions of the gold particles in the original pay gravels and those lost in the tailings. The expired tracers were stored in a lead lined container until their radioactivity was near background levels (about two months). The standard errors from these radiotracer tests were estimated from binomial probability theory with the equation: SE = {(n + p + q) ^ 0.5}/n. Where n was the total number of radiotracers added, p is the proportion recovered and q was the proportion lost. Each overall recovery estimate would be within one standard error of the true recovery value (14 times out of 20) and almost always within two standard errors of the true recovery (19 times out of 20). The maximum standard error with 100 tracers was five per cent and occurred when the recovery approached 50 per cent. With higher recoveries, standard errors usually ranged from one to two per cent.

Aug 1, 2010

By Jacob Carr, Christopher C. Jobes, Chenming Zhou, LaTasha R. Swanson, Jennica Bellanca, Jingcheng Li

Magnetic proximity detection systems (PDSs) are used with continuous mining machines (CMMs) to protect miners from striking and pinning accidents. Generators are used in a PDS to create magnetic fields covering the space around a CMM. The PDS determines the proximity of a miner relative to the CMM based on the magnetic flux density detected by a miner-wearable component (MWC) and simultaneously alerts the miner and stops the motion of the CMM if the miner is within a proximity that creates a striking hazard. A stable magnetic field is essential to the accuracy of the proximity calculations performed by the PDS. This paper presents the results of a systematic study of the magnetic influence of two types of steel structures found near a CMM— the body of the CMM itself and the wire mesh used for roof and rib control. The results show that the steel of the CMM body can change the magnetic field distribution and also alter electrical parameters of a PDS by changing its generator current. The study also shows that, depending on the distance between the wire mesh and a generator, the magnetic field can also be altered.

By Jacob Carr, Christopher C. Jobes, Chenming Zhou, LaTasha R. Swanson, Jennica Bellanca, Jingcheng Li

Magnetic proximity detection systems (PDSs) are used with continuous mining machines (CMMs) to protect miners from striking and pinning accidents. Generators are used in a PDS to create magnetic fields covering the space around a CMM. The PDS determines the proximity of a miner relative to the CMM based on the magnetic flux density detected by a miner-wearable component (MWC) and simultaneously alerts the miner and stops the motion of the CMM if the miner is within a proximity that creates a striking hazard. A stable magnetic field is essential to the accuracy of the proximity calculations performed by the PDS. This paper presents the results of a systematic study of the magnetic influence of two types of steel structures found near a CMM— the body of the CMM itself and the wire mesh used for roof and rib control. The results show that the steel of the CMM body can change the magnetic field distribution and also alter electrical parameters of a PDS by changing its generator current. The study also shows that, depending on the distance between the wire mesh and a generator, the magnetic field can also be altered.

By Kevin M. Connor, O&apos

This report documents-the process of literature review, site selection, instrument installation, data acquisition, and preliminary data reduction performed to evaluate the influence of rock mass discontinuities on coal mine subsidence. A system of surface, subsurface and mine level instrumentation was installed at the Armco No. 7 Mine in Montcoal, West Virginia where the overburden varied in thickness from 630 to 1040 feet. Survey monuments, borehole pressure cells, full profile borehole inclinometer-extensometers, mine level extensometers, stressmeters and tape extensometer convergence stations were installed to monitor displacements and stress changes. Final design of the instrumentation system was based on: a) review of available information, b) field mapping and analysis of areal photography, c) drilling, and d) borehole geophysics. The report contains the complete graphed data of stress and displacements accompanying the longwall mining of a 4800 ft long by 480 ft wide coal panel.

Jan 1, 1983

By A. M. Tunstall, N. Djordjevic, H. A. Villalobos

The damage zone behind a typical smooth-wall blast in the open pit was assessed by visually examining diamond drill core to identify blast-induced cracking, mapping core rock quality designations to identify changes in fracture frequency and conducting uphole seismic testing to determine changes in rock mass characteristics. The results from the three techniques show reasonable correlation. They suggest that major damage, in the form of fracturing of intact rock, occurs at least 7 m behind the smooth-wall blast and significant damage, in the form of opening and extension of calcite-filled fractures, at least 12 m from the blast. At greater distances the dominant damage mechanism is the loosening of existent joints within the rock mass. In the trachytes at El Soldado these damage mechanisms correspond to peak particle velocities of 2 000, 900 and 500 mm/s respectively

Jun 19, 1905

By R. Codell, D. L. Hughson

While benchmarking the integrated finite-volume code MULTIFLO against the analytical solution of Philip et al. (1989) for cylindrical underground openings, we found numerical simulation of dripping threshold flux consistently higher than the analytical solution for both rectangular and unstructured grids. The magnitude of error is proportional to the alpha parameter characterizing capillarity. This may bias estimates of repository performance towards non-conservatism.

Jan 1, 2000

By A Tinnelly

Land disturbed by alluvial gold mining should be restored to a capability or productivity as good as that which existed prior to disturbance.   Effective rehabilitation requires detailed planning prior to mining and must also be closely integrated with the mining operations.   The main constituents of a rehabilitation plan: description of existing site conditions, choice of final land use, establishment of final landform, water management and erosion control, soil reconstruction, revegetation and management of rehabilitated land are briefly described.

Jan 1, 1989

Preheating Feature of Leyner Oil Furnace for Heating Drill Steel The No. 3 Leyner oil-burning furnace, used for heating drill steel, is now made with a preheating chamber. By this addition it is claimed that the heating capacity and, effeciency of the furnace are increased about 50 per cent. This preheater is a section which fits between the body and cover of the furnace of the old design. It may be attached to an old furnace by simply changing a few bolts. Referring to the illustration, it will be seen that the lower chamber is used for the final heating and the upper one for preheating. The type of burner now furnished with this furnace is suitable for either high- or low-pressure air. It hats merely to be throttled for high pressures and when this is done, it, is as efficient as burners designed especially for high pressures and eliminates the noise common to such burners. This furnace burns petroleum or any of its oils, such a, gasoline, kerosene, distillate, etc. Oil heating has many advantages. The steel cannot be injured by absorbing injurious elements such as sulphur, phosphorus or other impurities which :ire present in nearly all coals, nor from unequal heating since the flame imparts a uniform temperature; further, o lie steel is in full view of the operator at all times.

Jan 3, 1916

By Luís Carlos da Silva

As fibras lignocelulósicas naturais são cada vez mais utilizadas como reforço em compósitos de matriz polimérica devido a vantagens econômicas e ambientais como serem renováveis e biodegradáveis. Este trabalho tem como objetivo estudar a influência de 10, 20 e 30% em volume de tecido de malva na resistência à tração de compósitos preparados submetidos à 5 toneladas de pressão. O tecido natural foi previamente lavado e seco à temperatura ambiente, depois disposto em uma matriz metálica com formato ósseo, em seguida, uma resina de poliéster (misturada com catalisadores) é vertida sobre o tecido dentro da matriz, o conjunto é transportado a uma prensa e submetido a 5 toneladas de carga. Observou-se que a resistência à tração cresceu significativamente com o aumento da quantidade de tecido natural de malva incorporado na matriz de poliéster. Esta melhora no desempenho pode ser diretamente associado à dificuldade de romper o tecido malva e ao tipo de trincas resultantes da interação do tecido de malva com a matriz.

Oct 30, 2017

By Robert M. Doerr

The purpose of the investigation was to determine the oxidation behavior of selected tungsten-cobalt alloys. Specimens of Wand W-Co containing 0.7, 1.7, 3.4, and 9.7 weight-percent Co were subjected to pure 02 at 1,000° and 1,100° K, and specimens of W-Co containing 29.8 weight-percent Co, at 1,100° K. Reaction kinetics were determined volumetrically. For specimens other than those containing 29.8 percent Co, the reactions proceeded at about a constant rate at either temperature, indicating the formation of a scale of constant protectivity; the reaction rates were essentially independent of the Co concentration. The scales on these alloy specimens consisted principally of WO3 and CoWO4. Specimens of a 29.8 weight-percent Co alloy, consisting primarily of the W6CO7 phase, oxidized with only slight deviations from the parabolic rate law at 1,100° K. The protective scale on these specimens consisted chiefly of Co3O4, CoW04, and W1 8°49; Co3O4 was outermost, and the W18O49 was adjacent to the alloy. The results suggest that the Co-rich outer scale inhibited the inward transport of 0 to an extent sufficient to greatly limit the amount of the nonprotective WO3 formed, so that protective W18O49 formed instead.

Jan 1, 1967

Roles of Mineral Impurities and Sulfur in the Leaching Behaviour of Pre-Reduced Ilmenite Ores

Sep 13, 2010

By M. J. Beus

The Bureau of Mines, under a cooperative agreement with Hecla Mining Co., is conducting a rock mechanics study of the 6,200-ft-deep circu-lar, concrete-lined Silver Shaft in northern Idaho. The objective of the project was to instrument and evaluate lining behavior and rock de-formation when a deep shaft is constructed in a high in situ stress field and anisotropic rock mass. Rock mass displacements were moni-tored with multiple-position borehole extensometers. Liner stress and strain were measured with concrete pressure cells and embedment strain gauges. Field data from the 5,955-ft test level show that rock displacement is controlled by rock mass anisotropy. Liner stress and strain levels reflect the high in situ stress field as well as nearby station and raise construction. Maximum stresses measured in the lining, as a result of shaft excavation, are about one-third of its compressive strength. Subsequent loading pocket excavation resulted in signifi-cantly increased stress and strain levels in the liner. Continued monitoring and preliminary analysis of the data indicate that concrete-lined, circular shafts are stable for the high, unequal horizontal stress fields and rock anisotropy encountered in deep-level mining. Adjacent development work can be expected to significantly alter the initial stress and displacement conditions.

Jan 1, 1984

By Louis W. Cope

Since its discovery, Cuba has been called the “Pearl of the Antilles.” The country remains that, albeit a little tarnished these days. In Havana, many of the buildings are being refurbished, while some new ones are under construction. Since 1991, the laws have been relaxed so that Cuba is developing a mixed economy of central control with free market. Joint venture agreements have been signed with businesses from many countries. This does not include the United States due to its embargo. But even these regulations have been relaxed some.

Jan 1, 2003

By C. C. Shale

Current-voltage relationships for air at high temperature in negative corona are compared with relationships predicted by theory. Deviations are discussed. Eased on the latest theoretical concept of electron detachment from negative ions and recent findings in basic research on free electron gases, results of applied research show the existence of free electrons in air at high temperature and high field strength-to-pressure ratios.

Jan 1, 1967

By U Singh

This paper presents the evolution of the studies and strategic plans to extend the life of operations at the Savage River iron ore project in north-western Tasmania. The current Life-of-Mine (LOM) plan for the Savage River operations is based on a series of open pits. Drilling has confirmed high-grade extensions of the magnetite resource at depths that exceed practical limits for open pit mining. Grange Resources Limited, the owner of the operation, is investigating underground options – not only to extend the LOM plan but also to maintain peak production at a reduced operating cost while reducing greenhouse gas emissions into the future. What makes this project unique is that it requires introducing a productive and cost-effective mining method to exploit a challenging geotechnical and geometrical orebody in an area of high rainfall. To support the study efforts, the development of an exploration decline, underground drilling programs, and an exploratory drive excavated into the orebody for geotechnical investigation was key to providing the necessary data for a pre-feasibility study (PFS). This paper describes the pragmatic approach and processes to developing the underground mining options study through data collection and then integrating these options into the open pit plans to optimise an overall strategic plan for the Savage River operations. The learnings for operators from this experience are how the technical and pragmatic approaches were aligned to develop the strategic plans, and the importance of timely investment in gathering the necessary data.

Mar 29, 2023

By Robert A. Field

Static-Load Piledriving utilizes a hydraulic push to facilitate the installation of a pile. The pile is not rotated, impacted or vibrated. A smooth pushing force advances the pile incrementally into the ground. Static-Load devices must have a reaction mass to push against. The most simple form of a Static-Load device is a jack; more advanced equipment, such as the Still Worker, also utilizes this approach. This paper focuses on the use of the Still Worker on three challenging projects. In each case, the existing site conditions made it risky, or unattractive, to utilize conventional impact, vibratory, or drilled-shaft equipment.

Jan 1, 1997