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By D. K. Dysinger

Capital resource budgeting is the means by which managers of publicly held companies fulfill their fiduciary responsibility to maximize the wealth of stockholders. Managers maximize shareholder wealth by allocating investment capital to the most productive of competing alternative projects in a manner that maximizes the net present value of the firm's future cash flow. The techniques of cash flow analysis are the primary tools available for selecting a corporate portfolio of projects that meets or exceeds the rate of return expected by shareholders. The reliability of cash flow analysis hinges on the ability of managers to forecast the future values of individual components. The accuracy and reliability of forecasting determine the soundness of capital investment decisions and, ultimately, determine the value of the firm. The present paper will explore tools for forecasting the spot market price of a commodity, silver, to demonstrate the difficulty and uncertainty involved in forecasting the future. The commodity price is only one of a number of components of the cash flow equation. Each component has a unique and uncertain future and must be individually analyzed and forecast to arrive at a robust cash flow model.

Jan 1, 1997

By A. A. Terchick

In 1970 U. S. Steel acquired the physical assets of mine, mine property, and preparation plant of the Crystal Block Coal Company near Thacker, Mingo County, West Virginia. The facility, identified as U. S. Steel Mine No. 20, is administered and operated as a production unit of U. S. Steel Gary District, Gary, West Virginia. Mining operations of the No. 20 mine are conducted in the high-volatile Alma seam. The preparation plant, which originally had a capacity of about 150 tons per hour (tph) of raw-coal feed, had process circuitry consisting of a Daniels heavy-media vessel for cleaning the plus-1/4-inch raw coal, a McNally-Pittsburg feldspar jig for cleaning the 1/4 inch by 28 mesh, and Daniels flotation cells for treating the 28 mesh by 0. No water-classification system existed. Refuse tailings from the plant were pumped to several surface lagoons which were decanted to the stream. The settled solids were removed and trucked to the coarse-refuse disposal area. Water make-up requirements were supplied by a small mine-water surface reservoir and augmented with stream water. Expansion of production from the property required an increase in preparation-plant raw-coal-feed rate capacity from

Jan 1, 1974

By L. Hales

Neural networks are a generalized, multivariable non-linear modeling technique that can be used to model mineral processing operations. Neural networks will be described as will their use in modeling column flotation. Optimization of column flotation will be explored and discussed by using the neural network column models.

Jan 1, 1996

By C. S. Boland

The Copper Range Company's mining properties are located in the Upper Penisula of Michigan. (Fig.). Early work indicated the presence of copper ore in a bedded deposit, confined to the base of the Upper Keweenawan Nonesuch shale, and exploitation of this deposit on a portion of the Company's property was undertaken by White Pine Copper Company. Diamond drilling of the White Pine orebody indicated that a major fault pattern terminated the values to the South-west. Further drilling Southwest of the fault zone proved a downward displacement of the ore bearing horizon some 1,500 feet and a lateral displacement of approximately 4,000 feet; and in this area an ore deposit was outlined in a large asymmetrical syncline locally plunging to the South-west. (Figs. 2 and 3)

Jan 1, 1962

By G. T. Swanby

Members of AIME, I read to you now a portion of a very fine business letter which we received several years ago. This letter originated in Rangoon, Burma, and reads in part: "Rest assured, if your goodselves see with us eye to eye, sure as certain we should get the business". I don't plan to give anybody "the business" today, but you can rest assured that if some of "you goodselves see with me eye to eye" on what I am about to discuss, I would be most pleased. My talk with you today will discuss the Federal Corporate income tax and its effect on our lives as engineers. In the-engineering-construction business we are faced with all the usual form of taxation which includes such items as sales tax, use tax, school tax, contractor; gross receipt tax, import duties and excise taxes, severance taxes, etc, adinfinutum.

Jan 1, 1965

By T. B. Szwilski

ISO 14000 series are voluntary international standards that address environmental management system standards, environmental auditing, environmental labeling, environmental performance evaluation, and life-cycle assessment. An environmental management system (EMS) is a facet of an organization's structure that addresses the immediate and long-term impact of a company's products, services, and processes on the environment. Many companies in the United States are taking a cautious wait-and-see approach before embracing ISO 14000. A few mining companies are reviewing the standards and using them as guidelines. The paper outlines the status, possible benefits to the mining industry, and options available to a company wanting to become involved in the ISO 14000 standards.

Jan 1, 1997

By Donald Towse

The Permanente plant of Kaiser Cement & Gypsum Corporation is located at a unique thick deposit of Calera Limestone (Figure 1) on the southwest side of San Francisco Bay. Limestone is rare in the eugeosynclinal Franciscan assemblage, constituting less than 0.1 percent of the total volume. On the northwest part of the San Francisco peninsula Calera Limestone is present as isolated masses from the type sect ion near Rockaway Beach southeastward for ten miles, where the belt is truncated by the San Andreas fault. The large Permanente deposit is sixteen miles south of the truncated belt, on the northeast side of the San Andreas fault. Scattered small exposures are known for about twenty miles southeasterly from Permanente. (1,2) Most deposits of Calera are thin; the type section is about two hundred feet thick. At Permanente, however, the normal limestone section contains at least four hundred feet of limestone; and, due to folding and extensive faulting, the total vertical thickness of the limestone section is over 1400 feet. The unusual thickness of limestone is due to low angle thrust faulting. This fortuitous structure formed a deposit of limestone that supplies an 8,500,000 barrel cement plant in a major metropolitan market.

Jan 1, 1966

By Robert L. Vines

"What is past is prologue" - motto of National Archives The question of past, present, and future safety performance in the coal mining industry is not merely an academic one, or one which arises from soul-searching curiosity. It is a question involving pragmatic ramifications, and the answers, or perhaps the public perception of the answers, will have a strong impact on the public policies which influence the course of meeting the Nation's future energy demands. Those of us in the coal industry are keenly aware of the significant impact of the public reaction -- in the form of the 1969 Health and Safety Act -- to -past performance of the coal industry which it found unacceptable. That Act was revolutionary -- and it was expensive. But in finding the industry's past performance unacceptable, the public also recognized its own contributory role through having enjoyed a "buyer's market" forced on a highly competitive industry. One result was to limit the industry's resources and restrict its ability for self-improvement of its safety performance. In acknowledgement of that role, the public picked up the tab for Black Lung disability incurred prior to that time.

Jan 1, 1985

By K. Zabrusky

"Wireframe construction is an integral part of resource estimation. Wireframes control domaining of samples and data for geostatistical analysis and grade estimation. They may also provide 3D representations of lithology and grade domains. Thus, the way in which a wireframe is constructed has implications throughout the resource estimation process. Proper construction technique and understanding of wireframing processes should be a high priority in a model workflow. Herein is presented an overview of two main categories of wireframes: implicit and explicit. Construction differences between these two types are highlighted. Factors affecting the choice between the two wireframe types will be discussed, including data quantity, data distribution, and sampling technique. Deposit geometry also plays an important part in wireframe construction. The role of geologic knowledge, cross section orientation, and deposit type in regards to wireframe construction will be discussed. The effect of wireframe type on resource estimation will be examined. Finally, best practices for creating meaningful solids that contribute to a reasonable grade estimation are outlined. INTRODUCTION Wireframes are essential to many types of resource estimations. They provide a way to delineate a deposit into various domains. Domaining can be done by lithologic or geologic units, structures or structural zones, or by grade. Domaining is important for geostatistical analysis and grade estimation of a deposit. The purpose of domaining is to analyze and estimate like data with like. Grade distribution patterns may vary by lithology or by proximity to or existence within structural zones. Properly constructed wireframes are therefore a fundamental necessity to a properly executed geostatistical analysis and resource estimation model. The choices made in construction of wireframes have a trickle-down effect on the entire model and should be made according to best practices for the deposit type at hand.TYPES OF WIREFRAMES Explicit The term “explicit wireframe” is used in this paper to indicate wireframes that are constructed by the modeler. This usually involves the modeler drawing the wireframes “by hand”, e.g. still utilizing some sort of computer aided drawing software, but with the modeler making all decisions about the size, shape, and positon of the wireframe. These wireframes are drawn based on some type of key variable that the modeler determines is important to their system. Often, this key variable may be a lithologic unit that controls mineralization, an observable structural zone, or a grade cutoff. Explicit wireframes are generally constructed as a series of shapes drawn on 2D planes or cross sections that are then connected into a 3D shape. Figure 1 shows an example of an explicit wireframe that was drawn based on a grade cutoff on 2D sections (Figure 1a), then joined into a 3D shape (Figure 1b)."

Jan 1, 2015

By Terrence Chatwin, Michael Sweeney, Steve Accardo

Sutter Gold Venture excavated an exploration decline into a mineralized zone in the Sutter Creek gold mining district. Delays in obtaining the conditional-use permit resulted in 7 to 10 million gallons of water accumulation in the decline containing elevated dissolved arsenic. Sutter received a permit to land apply the water after reducing the arsenic concentration to 0.05 mg/L. Initially the water was treated by co- precipitation arsenic with ferric hydroxide. Operational difficulties of this treatment system resulted in Sutter pursuing alternative treatment methods. The activated alumina adsorpting was selected due to its flexibility and ease of operation. Operating and maintenance data and costs will be presented.

Jan 1, 1995

By Robert J. Gorney

This paper deals with the actual application of a direct digital control to simple as well as complex industrial process control loops, Fundamental descriptions of preliminary research and design are described briefly, as is the development of the present day controller and control computer. The results and effects of direct digital control in various types of single and cascaded loops as opposed to the use of conventional controls are discussed. Computer supervision of a process and control override are taken into account, in addition to methods of short and long term plant economic optimization.

Jan 1, 1965

By R. W. Ballmer

Bingham Canyon lies in the heart of the Oquirrh Mountains, 25 miles southwest of Salt Lake City, Utah. In it is located the world's largest open-pit copper mine, owned and operated by the Utah Copper Division of Kennecott Copper Corporation. From the beginning of open pit mining operations in 1906 until 1963, the pit haulage, or materials transportation, was primarily by rail. In 1963, phase-in of a truck haulage system in the upper two-thirds of the pit was begun. The details of that conversion, its associated problems and the resulting pit operation have been covered in an earlier paper.1 The purpose of this paper is to discuss various factors for consideration in transportation system selection, and to discuss some of the alternatives considered prior to making the change from rail haulage to truck haulage for a portion of Bingham Canyon.

Jan 1, 1968

By E. C. Wilson

The knowledge concerning the lubrication of open gearing for mining machinery has contained many unknowns and at its best has relied to a great degree on a "Rule of Thumb" procedure. It will be within the scope of this paper to explain what we have learned to date and what must be learned in the future. The results in the lubrication of open gearing have spanned the spectrum of unsatisfactory to satisfactory. With the advent of larger mining machinery, we are faced with the necessity of a more thorough knowledge of open gear lubrication. We have avail- able, better steels for the gearing, advanced technology and machinery for cutting proper tooth profiles, and better means of aligning the teeth in the gear train. This has made it possible to transmit more horsepower through the same size gear set than ever before, if we have the proper lubrication to complement the factors previously mentioned. We have set up computer programs which can calculate the data fox the tooth forms, the correct operating center distances, the contact stresses, the bending stresses, and the PVT factor of the gear teeth. This program does not, at the present, have sufficient data available to calculate the type of lubricant which should be used.

Jan 1, 1968

By Haydn H. Murray

Kaolin is an important industrial mineral because it exhibits desirable properties in many applications and because of its relatively low cost, Approximately 2,000,000 tons of kaolin from Georgia and South Carolina are processed and used commercially in the United States each year. Strictly defined, the name kaolin is applied to a group of hydrous aluminum silicates of which the mineral kaolinite is the most common. Kaolinite has such desirable properties as natural whiteness, chernical stability, non- abrasiveness, and very fine particle size. Kaolinite particles are characteristically thin, flat, and hexagonal in outline. The particles range in size from submicron to as much as 40 microns (equivalent spherical diameter). In addition to the general properties mentioned in the first paragraph, it is soft, has low viscosity at high solids content in many systems, is readily wet and dispersed in water and some organic systems, and can be produced with a controlled particle size distribution. Some of the important physical constants of kaolin are: specific gravity, 2.60; index of refraction, 1.56; hardness (Mohs scale), 2; fusion temperature, 1850°C; dry brightness, 78-92 percent.1

Jan 1, 1965

By P. Berendsen

Structures along the rift were subjected to episodic reactivation. Major north-northeast-trending high-angle normal or reverse faults and northwest-trending trans-current fault systems, may exercise control over ore-forming processes. Gabbro and basalt are the dominant igneous rock types. Carbonatite and kimberlite occur in Nebraska and Kansas. Concentrations of Cu, Ni, Co, Ti, Au, Ag and PG-minerals are known to occur in this setting Arkosic sandstone, siltstone, shale and minor carbonate units occur on top of the rift basalts and in flanking basins where they may reach thicknesses of 10 km. The potential for stratiform or unconformity-related metal liferous deposits must be considered.

Jan 1, 1986

By D. W. Gentry

Introduction Until recently, there were many jobs for mineral engineering graduates. Traditionally, minerals-related career paths available to university graduates stem from rather standard offerings in the disciplines of mining, metallurgy, petroleum, geology, geophysical engineering, and mineral economics. Within each discipline, there exists many career opportunities. In fact, until fairly recently, the most difficult decision for most graduates was choosing among all the available alternatives. Unfortunately, this relative state of euphoria changed quickly and dramatically within the minerals sector. Within two or three years, graduates from minerals-related engineering disciplines found it exceedingly difficult - and then almost impossible - to secure employment in the minerals sector upon graduation. At the same time, there were dramatic reductions in production requirements and, ultimately, mine closings. This resulted in massive layoffs and often termination of professional personnel possessing significant and valuable industrial experience. Obviously, this worsened an already bad employment picture for those hoping to begin a career in minerals. Certainly, there is no universal agreement on what the future offers for the US minerals industry or the career opportunities associated with it. However, there are a number of considerations that deserve study by students, faculty, administrators, and industrial personnel before minerals-related career paths are chosen. Where Will the Jobs Be and How Many? Everyone is aware that the minerals industry is very cyclic. It is not surprising then that job opportunities for new graduates also fluctuate. Typically, there is a two-to-four year lag between industry's engineering manpower needs and the academic community's ability to produce this talent. Due to the response lag, there will necessarily be years when supply and demand do not match. Employment Projections It is extremely difficult to anticipate what the key career paths might be within the next few years. Considerable speculation remains with respect to whether activity in the US minerals sector over the short-, intermediate-, and long-term will improve, remain status quo, or further deteriorate. However, some information pertaining to the prospects for career opportunities in mining engineering was offered by Tingley and Ghose (ME, Sept. 1983, p. 1274) from a study performed by Fenvessy and Schwab. Results from this industry-sponsored survey suggest that the US will experience 700 more mining engineers than needed in 1985, 1300 in 1990, and 1800 in the year 2000. These conclusions were based on the assumptions that future graduate levels remain flat and demand increases 3.6% annually. Educators quickly argued that depressed job markets, coupled with university student mobility, would negate the assumption of flat mining graduate levels in the immediate future. Student Mobility Student mobility from one engineering discipline to another is high. This is perhaps best demonstrated by the tremendous growth in programs such as computer engineering and computer science at the expense of enrollments in the more traditional engineering programs. The ability and willingness of students to quickly change engineering disciplines in response to existing and perceived job market demands have created significant student, faculty, and resource dislocations within universities nationwide. This has resulted in problems for university faculty and administrators responsible for effective use of

Jan 2, 1985

An atomic force microscopy (AFM) has been applied to study the adsorption of collectors on mineral surfaces in a copper/molybdenum flotation system. AFM images show that collectors absorb on chalcopyrite surface in patches at pH 11. A study of temperature effect on surface morphology excludes the possibility that these patches are nanobubbles forming on hydrophobized mineral surface. Hydrocarbon oil absorbs on molybdenite quickly, while KEX (potassium ethyl xanthate) has little affinity for molybdenite. Pyrite is much more reactive in water and its surface is easily coated in Ca(OH)2 solutions at pH 11. Based on the obtained AFM images, the adsorption of chemicals on mineral surface and its impact on copper/molybdenum flotation were discussed.

Jan 1, 2012

By Stephen Krickovic

"Bleeding", as used in mine ventilation language, has a number of meanings among mining men and is regarded with different degrees of importance. This lack of uniformity stems from a number of specific situations. A method that is adequate in a mildly gaseous mine may fall short in a very gaseous mine. Projected bleeders could be dependable under a certain type of roof, and totally unsatisfactory under a different type. Similarly a plan of bleeders can be rendered useless due to undulations of seam and water in one mine and function well in another. Finally, what is effective in a mining system with partial recovery will not suffice with full recovery. You may wonder, then, if there is a common denominator for the essential function of "bleeding". In my opinion, there is, and it can be defined as controlled movement of air across an active pillar line toward the back and outby ends of the adjacent gob area into the headings provided for the purpose. The objective is to maintain as methane-free as practicable a belt adjacent to the working places, so that, if face ventilation is interrupted temporarily, the gas will not accumulate in dangerous volumes at the working faces before ventilation is restored. It's possible for these temporary interruptions to be unnoticed in time or at all. In such cases, ineffective bleeding could cause a disaster. This has happened. To control, there must be power. That is to say, there must be adequate air, pressure differential between the front and back ends of a pillar line to facilitate proper regulation for diverting of air to the various portions of the gob and as far away from the active section as is practicable. As an indication of the importance of pressure, it is noteworthy that one may provide and maintain in a reasonably open condition a heading or two for a bleeder system and fail to obtain effective bleeding .because air pressure differential is inadequate. On the other hand, you are all familiar with the fact that pillar lines in some seams can be ventilated adequately by air flow straight across the gob when the section is near a main return shaft and thus obtains a heavy pressure differential.

Jan 1, 1962

By I. Iwasaki

The presence of calcium ion in iron ore pulps causes heterocoagulation of montmrillonite on hematite leading to indiscriminate dispersion. Two methods were investigated to control the adverse effect of montmorillonite: chemical method using such complexing agents as EDTA and sodium tripolyphosphate, and mechanical method involving ultrasonic treatment. Their roles in controlling the adverse effect were investigated by zeta potential measurements, starch adsorption tests, and flocculation and selective flocculation tests.

Jan 1, 1986

By M. P. McArthur

General mining practices at W. R. Grace's Bonny Lake mine are much the same as those used in open pit phosphate mines in Central Florida, except for the difference in the depth of the overburden which introduces many variations, From 1945 to 1961 the mining at Bonny Lake has been from an area in which the overburden averages from 55 to 60 feet and in several locations exceeded 65 feet. The matrix thickness will average 15 to 18 feet for the areas mined. As you can see from the above depths a total hole depth will average from 70 to 75 feet.

Jan 1, 1962