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By J. A. Botín

NPV is a static measure of project value which does not discriminate between levels of internal and external risk in project valuation. Due to current investment project?s characteristics, a much more complex model is needed: one that includes the value of flexibility and the different risk levels associated with variables subject to uncertainty (price, costs, exchange rates, grade and tonnage of the deposits, cut off grade, among many others). Few of these variables present any correlation or can be treated uniformly. In this context, Real Option Valuation (ROV) arose more than a decade ago, as a mainly theoretical model with the potential for simultaneous calculation of the risk associated with such variables. This paper reviews the literature regarding the application of Real Options Valuation in mining, noting the prior focus on external risks, and presents a case study where ROV is applied to quantify risk associated to mine planning.

Jan 1, 2012

By G S. Lane, G D. Richmond, J Dioses

This paper discusses the methods used in the design of flotation plants, including benchscale batch and locked cycle tests and pilot plant trials. Two case studies are presented, one for the Cadia Hill Gold Mine and the other for the Hellyer copper, zinc and lead plant. These case studies present different problems with widely different target grind sizes, liberation characteristics and HellyerÆs sequential flotation circuit versus CadiaÆs æsimpleÆ copper/gold flotation circuit. They have a common theme in that pyrite forms the principal floatable concentrate diluent. Hellyer ore contains finely disseminated chalcopyrite, sphalerite, galena, and tetrahedrite. The flotation plant design was based on extensive benchscale testwork (including locked cycle tests) on drill core and many months of operation of a 30 tonne per hour æpilot plantÆ, using the old Cleveland Tin Mine process plant suitably modified for the duty. The Cadia concentrator was designed on an extensive benchscale variability testwork program, approximately a dozen locked cycle tests conducted on drill core and two weeks of continuous pilot plant trials on three separate samples obtained from an adit into the orebody. The orebody is a monzonite porphyry with disseminated chalcopyrite/bornite/pyrite of very low grade (0.17 per cent Cu, 0.73 g/t Au). Methods used to establish the appropriate flotation circuits for the treatment of the Hellyer and Cadia ores, as well as the interpretation of the testwork data, are discussed in this paper. Plant performance is reviewed in the context of predicted versus operational performance.

Jan 1, 2002

By Sheng-Hui X

This paper introduces a new coal-based rotary kiln process of DRI production - the CRIMM process, which is developed by Changsha Research Institute of Mining and Metallurgy in the past years. Its main features are the use of composite pellets (in rotary kiln). The process consists of preparation of pellets from iron concentrate and coating of coal on their surfaces. The new process is able to overcome a series of defects of the conventional coal-based rotary kiln processes. A continuous test was conducted using an experiment rotary kiln (-0.6;, x 3 m). TFe of the magnetic iron concentrate used in the test is 67.25 per cent. TFe of the product DRI is 88.54 per cent, MFe is 84.11 per cent, S and P are less than 0.02 per cent. The metallisation ratio of pellet is 95 per cent. The pellet power ratio is less than 0.3 per cent. The utilisation coefficient of rotary kiln is 1.3 t/m'-d. The overall recovery of iron concentrates is 99.7 per cent. Two small industrial plants using the CRIMM process are being set up in China. Their coal consumption can be decreased to 520 kg standard coal per ton DRI respectively.

Jan 1, 1999

By N. Kumar Kittusamy

A field study was conducted to evaluate seat designs on shuttle cars. Eight operators participated in evaluating seat designs on the basis of perceived levels of vehicle jarring/jolting and discomfort. Researchers also measured the levels of vehicle jarring/jolting. Four basic seat designs were compared on low and mid-coal seam shuttle cars during production operations at two underground coal mines. Two seats were currently used on the shuttle cars and another two were NIOSH designs. Objective data were collected using accelerometers with pre-amplifiers and filters connected to a data recorder; whereas subjective data were gathered with a visual analog scale (VAS) and a questionnaire. Results from measured levels of jarring/jolting showed that the NIOSH Seat L2A smoothed out bumps better than any other seats. Using the VAS, mid-seam and low-seam shuttle car operators rated the levels of jarring/jolting and discomfort lower with the NIOSH seat than the other seats. Questionnaire responses indicated that operators rated NIOSH seat designs as more comfortable. This research will provide the industry with better seat designs for isolating jarring/jolting in vehicles. Furthermore, researchers plan to improve the NIOSH seats using information gathered in this study.

Jan 1, 2003

By Gordon Chen

The Block 37 Chicago Transit Authority (CTA) Tunnel Construction Project was originally designed by STV to connect Blue Line subway in North Dearborn Street and Red Line subway in State Street in the downtown Chicago Area. The project was proposed using tunnel mining techniques combined with steel pipe jacking and fiber glass rebar soil reinforcement. Weidlinger Associates, Inc. (WAI) and Kiewit Construction Company proposed an alternate design using open cut construction technology. WAI designed a complex temporary excavation support system using Soldier Pile Tremie Concrete (SPTC) walls and Soldier Pile Lagging walls supported by cross lot/corner bracing elements. Below the top of the existing tunnel, a top-down construction technique was utilized. A steel temporary traffic decking system at top of the excavation site served as the daily street traffic function as well as the first level of bracing for the support of excavation. The project encountered great challenges of soft clay conditions in downtown Chicago, numerous existing utilities in the excavation site and the requirements of protection for a number of historical buildings nearby as well as the protection of the city streets. The construction was successfully completed at both State Street/Washington Street and Dearborn Street/Randolph Street. The monitoring system showed that ground movement and adjacent building settlement was kept to a minimum during construction.

Jan 1, 2009

By Sarma S. Kanchibotla

In overburden cast blasting the explosive energy is used to move a significant percentage of overburden from the high wall to the spoil pile thus reducing the amount of material to be handled by machinery. However, the obvious trade-off between the extra explosive energy in the cast blast versus reduced dragline effort is complicated by an increased risk of damage to the underlying coal. This damage may not be obvious but inevitably leads to reduced coal recovery and may negate much of the benefit sought from cast blasting.

Jan 1, 1999

By M. E. Kuchta

Research is currently being conducted at the Colorado School of Mines in the use of high-pressure water for scaling down loose rocks in underground mine openings. In addition to improved miner safety, the adhesion strength of shotcrete applied to rock surfaces treated with high-pressure water is also increased significantly resulting in improved overall support capabilities of the shotcrete layer. Test results show an increase in adhesion strength by a factor of four on a concrete test wall cleaned with water at 21 Mpa (3000 psi) as compared to a surface cleaned at 0.7 Mpa (100 psi).

Jan 1, 2002

By J. Kern, M. Cain, T. Torries

Until recently, the generation of electricity was regulated in all states and the value of generation assets in a regulatory environment for ad valorem taxation were based largely on the book value of the plant plus the rate of return on capital allowed by the state regulatory agency. This method of appraising utility generation assets is inappropriate in a competitive environment because past capital expenditures are not relevant in a competitive environment. However, it is not clear what valuation methods are appropriate after restructuring. This paper identifies key problems and advantages of other appraisal methodologies and makes comments on various valuation and taxation methods.

Jan 1, 2001

By William Porter

Hand scaling is a physically demanding job and is responsible for numerous overexertion injuries in mining. This experiment studied rib scaling from an elevated bucket to examine force generation capabilities and electromyographic responses to a prying subtask. Subjects exerted force using two bars (steel and fiberglass) at five target heights. Work height significantly affected peak prying force during scaling activities with highest force capacity at the lowest level (p = 0.0188). Bar type did not affect force generation (p = 0.7843): However, use of the fiberglass bar required significantly more muscle activity to achieve the same force (p < 0.05). It was concluded that miners should scale points on the rock face that are below their knees, and reposition the bucket as often as necessary to do so. Additional research is needed to fully understand the impact of bar type on the physical demands of an entire scaling task.

Jan 1, 2006

By Vincent Scovazzo

This paper compares the two most common pillar design equations used worldwide by John T. Boyd Company; the Mark-Bieniawski Equation, an empirical approach, and the Wilson Equation, an analytical approach. The equations are compared in two ways; by their stress profiles and by the Mark-Bieniawski Equation stability factor. Contrasting the two equations based on the visual comparison of their stress profiles is straight forward but evaluating their resulting pillar designs is problematic. Complications arise due to the differences between the use and development of stability factors for empirical equations and safety factors for analytical equations. To work around these differences, comparisons are made between the two equations by first calculating pillar sizes using the Wilson Equation and then determining the Mark-Bieniawski Equation stability factor for these pillars. Pillars designed using the Wilson Equation were based on site-specific data from 23 mines located in the Americas and Australia. Comparing sizes of pillars designed by the Wilson Equation to the Mark-Bieniawski Equation; the Wilson Equation pillar sizes were smaller in 77% of the cases, similar in 3%, and larger in 20% of the cases.

Jan 1, 2008

Management of Mining Wastes in European Union and Developments in Turkey

Sep 13, 2010

THE power requirements of the Mount Lyell Mining and Railway Company at Queenstown, Tasmania, have, since the inception of smelting operations in June) 1896, been derived continuously from the extensive forests in the watershed of the Queen River, adjacent to the works, the fuewoodbeing of good quality, mainly composed of myrtle or beech (Fagus Ounninghami), eucalypts, and manuka (Leptospermum ericoides). The country is very rugged and mountainous, indented by numerous ravines and gullies, and intersected by, many creeks, which are subject to periodical floods, under the influence of a heavy and persistent rainfall, which averages about 110 in per annum. The areas so far exploited aggregate a total of about42 square miles, and this denuded country gives promise of ultimately becoming very valuable pastoral ground for cattle-raising. The tonnage of wood yielded per acre varies from 40 to 100 tons on stack measurement of 80 cubic feet per ton, 60 tons per acre being considered a good average yield. The gross amount...

Jan 1, 1910

By Natalie J. Shackleton, Deryck de Vaux, Cyril T. O’Connor, Vratislav Malysiak

"The major losses of PGM and base metals in the beneficiation of platinum group deposits occur during the separation of gangue from the value minerals by selective flotation. A number of studies have shown that this negative impact on flotation is due to surface passivation, caused by various ions that may originate from the external water supply or, as is likely in the majority of cases, from the oxidation of the mineral surfaces and the grinding media. The objective of the study was to investigate the effect surface passivation and inadvertent activation have on flotation and how this can be managed so as to increase the separation of pentlandite and pyroxene. The aim was to minimise the percentage pyroxene reporting to the concentrate and simultaneously maximise the pentlandite recovery. The testwork incorporates the addition of an activator (copper sulphate), a complexing agent, such as DETA (diethylenetriamine) and a dispersant (polyphosphate) at pH 6 and pH 9 in an attempt to alleviate the surface passivation of pentlandite and inadvertent activation of pyroxene. Both synthetic minerals and plant ores were studied in order to determine the effect surface passivation and inadvertent activation have on mineral surface alteration and floatability. Zeta potential determinations, microflotation, ToF-SIMS (Time of Flight Secondary Ion Mass Spectrometry) analyses, laboratory batch flotation tests and continuous flotation testwork were used as tools to study the surface alteration and/or floatability.Zeta potential determinations and ToF-SIMS analyses showed that copper adsorption is non-selective. Both pentlandite and pyroxene become copper (II)-activated in the presence of copper sulphate and subsequently, in the presence of xanthate, adsorption of the collector will occur onto copper activated mineral surfaces. Zeta potential determinations also showed an alteration of the surface charge in the presence of polyphosphate, thereby inhibiting surface passivation of sulphides by slime coatings due to surface repulsion."

Jan 1, 2003

By Robert B. Parsons

"The Canadian mining industry is not off to a good start in the 1993/94 budget season. Of the five provinces and territories to table budgets as of March 31, 1993, the industry&apos;s scorecard shows: one win, one tie, and three losses.IntroductionBy the end of March, five of Canada&apos;s twelve provincial and territorial governments had tabled their 1993/94 budgets. The mining industry is off to a bad start. The industry&apos;s scorecard shows one win, one tie, and three losses. Only Newfoundland appears to be paying any attention to the industry&apos;s concerns about the impact of taxation on competitiveness. It is particularly disconcerting to see that non-profit based taxes continue to increase, at a time when these taxes are the focus of a united attack by the entire industry.NewfoundlandFirst, the good news. On March 18, 1993, Finance Minister Winston Baker announced the following changes to the province&apos;s mining tax regime:"

Jan 1, 1993

By Jan Krason

Introduction The South African Witwatersrand is the world&apos;s largest gold-bearing province and gold producing district. But the production capacity of the very big mines (Vaal Reef, Driefontein Cons., Western Holdings, Western Deep Levels, and others) is not as large as that of the Soviet Union&apos;s Muruntau gold mine. The Muruntau gold-bearing ore body was discovered in 1956-57, and has been in operation since that time. In the early 1970s, this mine produced 70 to 80 t/a (2.3 to 2.6 million oz per year) of gold. Within the last few years it has become the world&apos;s largest producing gold mine. Russian authors do not publish ore reserve or rate of production data. But it is very likely that the Muruntau mining complex, which involves several ore bodies, is currently producing about 143 t/a (4.6 million oz per year) of gold. The author has confirmed this by personal information from several knowledgeable Russian geologists. This amounts to one-half of

Jan 11, 1984

By Y. H. Wang

During the last two decades many research projects were conducted to study the load requirements for the powered supported longwall faces (1-6). Significant results had been achieved by these researches. Most of the previous studies were rarely designed to understand the mechanisms of interaction between the supports and the surrounding rock, or to correlate the stress conditions around longwall faces to the mining operations both in time and space. In case of the shield supported faces, the roof-to-floor convergence is very difficult to measure due to the high percentage of roof coverage. The external load on the supports can not be determined from the leg pressure data alone due to the existence of the lemniscate links. Therefore, there is a real need in that a simple engineering method be developed to monitor the variations of roof load on the shield supports, the roof-to-floor convergence and the roof stress restoration in the gob area as the mining proceeds. Only with the results of these measurements, a further understanding about the mechanisms of interaction between the supports and the surrounding rock can be achieved and a criterion of designing or selecting the optimum mechanical parameters of the shield supports can finally be developed.

Jan 1, 1986

By Noel Dent

The Electrodet@ Electronic Detonation System Wilere are we going with regard to Accurate, Reliable, Easy to Use and Cost Effective Initiation using electronic initiation techniques? Improvements and applications in theJierd

Jan 1, 1995

By Carol E. Jones

Outline ? Reclamation is a primary mitigation. ? Understand baseline environment and land use. ? Determine reclamation goals. ? Selecting reclamation technology. ? Determine technical risk. Reclamation ? Primary Mitigation ? Through land and water disturbance, mining can have significant local and regional environmental impacts. ? Impacts can also result from associated land use changes. ? Reclamation is a primary tool that the mining industry uses to manage its environmental impacts.

May 1, 2008

By M. Tarvainen

"Lately, the development work in closed circuit grinding has mainly been focused on mills and on different types of instrumentation, mathematical models and automation in spite of the fact that the poor efficiency of the classifier is well known. It has also been proven by several investigations that by improving the sharpness of classifier separation, remarkable technical and economical advantages can be achieved. Some attempts to improve the performance of the most common classifier, hydrocyclone, have been made, among them injection of wash water above the spigot cyclone and retreatment of either or both of the products of the primary classifier. No method has been successful enough to achieve general adoption in the industry. The purpose of this paper is to introduce some industrial results achieved by two-stage classification where the coarse product of the turbulent-flow classifier, hydrocyclone, is cleaned in a laminar-flow cone classifier.The main target of the adoption of the two-stage classification circuit it naturally to improve the sharpness of size separation. This again leads to the following advantages in the grinding process:- lower circulating load and increased capacity- lower energy consumptionnarrower size distribution in the fine product- less overgrinding and less slimes- reduced specific surface areaThese improvements, no doubt, reflect on the subsequent concentrating process in the following aspects:the rate of flotation is improved, less reagents and energy is neededthe recovery and grade of valuable minerals in concentrates is improved- savings in dewatering can be expected- less fines in tailings improve the conditions for water recirculation."

Jan 1, 1980

By J. C. Edwards

A series of four coal combustion experiments (I)&apos; was conducted at the National Institute for Occupational Safety and Health, Pittsburgh Research Laboratory in the Safety Research Coal Mine to evaluate the response of optical and ionization smoke and CO sensors to a small 0.61 m square smoldering coal fire which transitions to flaming combustion in the presence of diesel emissions. With the increased utilization of diesel engines in underground coal mines, it is important to be able to discriminate fire products-of-combustion (POC) from diesel emissions. One proposed method to accomplish this is the deployment and interpretation of multiple sensors.

Jan 1, 2010