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By Armando M. Lago

This paper reviews the postwar changes that have occurred in the expenditure and financial behavior of mineral corporations, and in particular the relative importance of factors that affect the industry's supply and demand for funds. This quantitative statistical investigation of factors affecting sources and uses of funds of mineral corporations is achieved through the formulation of a simultaneous equation model of sources and uses of funds. After a description of the study sample in Section I, the postwar cyclical and secular financial behavior of mineral corporations is analyzed in detail in Section II. Section III formulates an econometric model of mineral corporate financial behavior which is then estimated and reviewed in Section IV. Section V discusses policy issues regarding depletion allowances, investment tax credits, and industrial organization of the mineral sector. Finally, the optimum financial structure of mining firms is discussed in Section VI, which analyzes the effect of corporate financial structure on the mining corporations' average Cost of capital.

Jan 1, 1969

By Gordon Clark, Basar Arioglu, Zlatanic. Sanja, Nasri Munfah, Togan. Tolga

"The 13.2 m external diameter double deck Istanbul Strait Road Tube Crossing is one of the most challenging underwater tunnel projects in the world. Subjected to 11 bars of hydrostatic pressure, variable geology, and being in a very active seismic area, the execution of the project required innovative solutions, sophisticated construction techniques, and prudent risk management approach. The 5 km tunnel consists of 3.4 km TBM bored tunnel, 1 km twin NATM tunnels, and cut and cover sections. The project is being delivered in a Build-Operate-Transfer (BOT) contract in a public-private partnership. The technical challenges, coupled with financial and commercial risks required the implementation of sophisticated risk management tactics including the provision of Independent Design Verification. Presently, the project is in its advanced stages of construction with a recent successful TBM breakthrough on August 22nd 2015. The paper presents the technical challenges of the project from the design, construction, and risk management aspects and provides the status of the construction. PROJECT BACKGROUND The $1.245 billion Istanbul Strait Road Tunnel Crossing project, dubbed the Eurasia Tunnel, is one of several major infrastructure projects being implemented in the Republic of Turkey in a public-private partnership approach. The project provides a direct and easy connection between the Anatolian (Asian) side of Istanbul and the heart of its historical district on the European side across the Bosphorus Strait which connects the Black Sea with the Sea of Marmara. Upon its completion in 2017, the project will improve connections to a wide network of motorways on both sides, increase capacity across the Bosphorus by 100,000 vehicles a day, reduce congestion and save motorists an average of 45 minutes of commuting time in each direction, and bringing significant economic benefits to the city and the region; it will ease traffic across the strait, reduce congestion, decrease pollutants and emission while maintaining the historical silhouette of the city. Figure 1 provides a general view of the project location and alignment. The overall project consists of three parts totaling 14.6km. Parts 1 and 3 consist mainly of widening existing motorways, providing connections to existing roads, reconstructing local bridges and underpasses on the European and Anatolian sides respectively. Part 2 is the tunnel crossing across the Bosphorus; it is the most complex part of the project with the greatest challenges and risks. Part 2 is 5.4 km long consisting of 3.4 km of 13.2m external diameter TBM bored tunnel under the Bosphorus Strait, 1-km of twin NATM tunnels on the Asian side, cut and cover transition boxes in the Asian and the European sides and depressed approaches on both sides. In addition, this segment includes the toll plazas, ventilation buildings, and the tunnel control and maintenance facilities."

Jan 1, 2016

By Richard M. Crowell

"As thorough sampling is usually expensive, the cost of a complete job is often unwarranted, and a cheaper approximation must be substituted. The engineer should, however, weigh the situation thoroughly before subscribing to an alternative other than an accurate assay basis on which to build his conclusion." Examination and Valuation of Mineral Property. R. Parks, 1949

Jan 1, 1994

By Firat Atalay

Estimating the spatial distribution of ore grade is one of the most critical steps to proceed with an investment decision on a deposit. Kriging is the most widely used method to estimate the ore grade, but alternative techniques are being developed. Machine learning algorithms can be used as alternative methods to classical kriging. In this paper, the iron (Fe) grade of a deposit is estimated with the XGBoost algorithm, and the results are compared with kriging estimation results. For the estimations, samples collected from drillholes were used. Due to the different natures of the estimation methods, different steps were taken to perform the estimations. The results show that XGBoost produced higher-range estimates, which is a desired result in ore grade estimation, and the minimum and maximum of the estimates were lower and higher than the kriging estimates, respectively. However, like kriging, the estimation results were smoother than composites, and the variance of the XGBoost estimates was lower than the variance of composites. This means that even though estimation with XGBoost mitigates the smoothing effect, the estimation results suffer from smoothing like kriging.

Dec 1, 2024

By Xinzhi (Thomas) Du

"A longwall mining method is a productive mining method of coal extraction that involves the complete removal of large, rectangular panels of coal. Since this method causes deformations through the overlying strata to the ground surface, the surface- and ground-water regime above the longwall panels may be adversely affected and drained into the lower strata. The purpose of this study is to determine the effects of longwall mining subsidence on surface- and ground-water systems.This study is a site-specific hydrogeologic analysis conducted before, during, and after panel retreat at a site located over two selected longwall panels in the Pittsburgh coal seam in Greene County of Pennsylvania. Mine subsidence causes fractures in the overlying strata and enlarges bedding plane separations, increasing the effective porosity and storativity of the overlying strata. Generally, the water in deeper aquifers located in the lower fractured zone drains into the mine void due to the vertical fractures. Moreover, the water level does not recover after longwall mining (but may recover when the mine is flooded). The upper aquifers over the thick aquitard layers may maintain the water level or drop slightly during longwall mining and recover very quickly. The reason is that the underlying aquiclude layer has less change in porosity and permeability after longwall mining (Carver, 1994).A groundwater flow model-MODFLOW was used to predict the water table contours for the periods of pre- and post-mining conditions. The hydraulic gradients of post-subsidence became larger outside the panels and smaller inside the panels than that of the pre-subsidence. The groundwater hydraulic heads above the longwall panel dropped a maximum 50 ft in the study panels. The shallows monitoring wells that were less than 50 ft deep from the surface were deeply affected by longwall mining subsidence. For the intermediate wells that were more than 85 ft deep from the surface, where strata movement acted as a unit during longwall mining subsidence, there were little impacts of longwall mining on the intermediate wells in the study area. For the deep wells that were located below the Waynesburg sandstone, the water was drained to the underlying strata or even into the mine gob."

Jan 1, 2019

By Harry G. Hedgepeth

Exploration of the Big Island trona beds by Stauffer Chemical Company started early in 1959. During the intervening time, Stauffer Chemical Company of Wyoming has developed a Large trona mine in this southwestern Wyoming area and has increased the over-all production of soda ash from natural sources by nearly one-half million tons per year. The trona, which is a hydrated sodium bicarbonate mineral, lies some 800 feet into the sedimentary rocks of the Green River formation. Present production is approximately 850,000 tons per year being extracted by means of a room-and-pillar mining system. Conventional coal mining equipment is used with some modification to accommodate local conditions. The mined and crushed ore is hoisted to the surface and processed in an on-site refinery. Refined soda ash is shipped to widely separated locations in covered hopper railraod cars. Construction in progress at Stauffer's plant will double the present capacity.

Jan 1, 1966

By D. W. Scott

Ontario has a diverse industrial mineral resource base including abundant resources of structural industrial minerals such as sand and gravel, crushed stone, building stone, clay, shale, limestone and dolostone. These resources are used in the production of aggregates, brick, metallurgical stone, fillers, lime, cement and other construction materials. The majority of the operations are in deposits of Paleozoic and Quaternary age in southern Ontario, close to the major markets. Province-wide, there were over 140 million metric tonnes of aggregates produced in 1985, approximately 115 million tonnes of which was produced in southern Ontario with the remainder being largely from Crown land in northern Ontario. The structural industrial minerals account for over 80% of the value of total industrial mineral production, with the remaining 20% of the value king accounted for by the non-structural minerals being led by salt which is produced in southwestern Ontario. A host of other non-structural industrial minerals are known but production is currently restricted to calcite, gypsum, quartz, talc, nepheline syenite and by-product metallurgical sulphur products (Fig. 1). Location and Market Area Major production is in the area closest to the large markets of urbanized southern Ontario and the northeastern and north-central United States. In general, with the abundant variety and widespread resources of industrial minerals and the large population within 400 miles of most deposits, the market offers great potential. Ontario's 9 million population accounts for about 35% of the entire gross domestic product of Canada of $476.361 billion dollars in 1985. This equates to about 113 of the nation's buying power being within a 200 km (125 miles) radius of Toronto. This major concentration of industrial and economic activity has resulted in a well developed industrial minerals industry fulfilling most of the structural industrial minerals demand in Ontario, as well as a subsidiary demand in neighbouring provinces and states.

Jan 1, 1987

By Paul Nicholas, Raju Gottumukkala

"India’s economy is expanding with rapid urbanization. Improvement in infrastructure is a keystone to the Indian government’s economic plans, including expansion of transit systems. Most of these systems are designed with elevated and underground sections. New Delhi, a city of 23 million people, suffers from heavy traffic congestion and pollution. The transit (metro) system is seen to be of critical importance. Phase 3 of the Delhi transit system project is 140 kilometers (km), with 40 km of twin-bore tunnels requiring 35 tunnel boring machines (TBMs) for construction. Transit systems are also under design or construction in Chennai, Bangalore, Kolkata, Hyderabad, Jaipur and Mumbai. Most have twin-bore tunnels. At present, 55 TBMs are operating on underground metro construction, and future projects will increase this number. This paper highlights the unique challenges of construction of underground metro systems in highly congested urban environments, using Kolkata and Delhi systems as examples. INTRODUCTION The first transit system in India was constructed in Kolkata (India’s third-largest city by population.) This line is 28 kilometers (km) in length, has underground and at-grade sections, was built in phases, runs north/south, and has 24 stations. This project was sanctioned in 1972, started construction in 1984, and was completed in 1995. The tunnels were constructed primarily by cut and cover methods with some open-face, compressed air shield tunneling. In 2006, the urban transport policy recommended construction of transit rail systems in all urban cities with a population exceeding 2 million. Further, in 2014 the central government stated that it would assist in financing transit systems in all cities with a population of over 1 million. In 2015, the central government approved the development of transit systems in 50 additional cities across India with a budget of $75 billion (see Figure 1). Transit development is just part of a huge expansion in planned rapid transport systems, which include metro, bus, high-speed rail, and monorail systems. Metro systems will include elevated and underground sections with twin-bore tunnels and underground stations. In the Delhi/National Capital Region (NCR), now the largest city in India by population, Delhi Metro Rail Corp (DMRC) was formed in 1995 as a joint venture company between the central government and Delhi state. DMRC operates the Delhi metro system. (see the case studies described later in this paper). DMRC has developed an external function to carry out studies and to offer consultancy to other cities planning transits. Since its inception, DMRC has produced Detailed Project Reports (DPRs) for every metro and monorail project in India. In 2012, DMRC became a partner in the management consultancy for Jakarta Mass Rapid Transit System, its first project overseas. DMRC became a model organization for other cities to follow. These cities have included Chennai, Hyderabad, Kolkata, Bangalore, Jaipur, Mumbai, Ahmedabad, and Nagpur. Other cities (e.g., Lucknow and Patna) are in the metro planning phase. Metro systems are under construction or partially operating in Hyderabad, Bangalore, and Jaipur."

Jan 1, 2016

By JIAQI JIN, Joe Milbourne, Maoming Fan

Gold is very important to support the financial system, and to be used in industries of the jewelry, high-tech fields such as electronics and aerospace, etc. Gold is mainly extracted from three types of ores: primary ore (vein gold), placer (alluvial gold) and associated ore. Cyanide was widely used in gold ore flotation to depress gangue minerals and leaching/cyanidation. The process of extracting gold from gold ore, its separation and flotation concentrate, specifically through a technique called cyanidation or cyanide leaching. This method, which has been dominant since the 1970s, utilizes a dilute solution of cyanide to dissolve gold from the ore. While effective, the use of cyanide raises environmental and safety concerns due to its high toxicity. Cyanide spills can have severe environmental consequences. This has led to the exploration of alternative, environmentally friendly reagents. This paper discusses processing results using the alternative flotation depressants such as sodium sulfite (Na2SO3), etc. to produce a goldrich flotation concentrate for sale to a smelter or as feed to an alternative leaching agent. and methods to extract gold from ore without relying on cyanide.

Feb 22, 2026

By Thomas F. Stinson

Energy-producing states see severance taxes as attractive sources of increased revenues for otherwise tight budgets. Consumers in energy-poor states, however, protest that current rates are excessive and have moved to obtain a reduction. The US Supreme Court heard two cases questioning such taxes during its 1981 term, and Congress, in each of its last two sessions, has seriously considered measures placing a ceiling on severance tax rates. Although discussions usually focus on coal severance taxes levied by Montana and Wyoming, ramifications of changes in national policy are much larger, potentially affecting mineral taxes in all states. Severance taxes yield substantial revenues in some states, as illustrated in the accompanying table. In fiscal 1980, Texas collected more than $1.5 billion from such taxes, while Louisiana, Alaska, and Oklahoma collected $525 million, $507 million, and $436 million, respectively. Oil and natural gas production were the major items taxed. While the table shows only the 10 states with the largest severance tax collections, a total of 17 states had severance tax receipts exceeding $10 million in 1980. The enormous increases in severance tax revenue between 1970 and 1980 can be seen from the table by comparing columns A and B. For the 10 states shown, revenues increased from $650 million to $3.8 billion during that period, due to a combination of higher prices, increased production, and new or increased taxes. In most states, increases in prices and production were more evident than higher tax rates. Although the revenue increase is impressive, it understates the extent of changes occurring during the past decade. Since tax collections are shown for fiscal 1980, the full impact of the decontrol of domestic oil prices is not evident. Also, taxes on natural gas reflect controlled prices. When full de-control of natural gas occurs, significantly higher revenues can be expected in gas-producing states, even if tax rates, production, and world prices remain constant. These increases in severance tax revenues, coupled with further increases expected to accompany natural gas decontrol, have produced fears that a substantial transfer of income is taking place from residents of energy-poor states to those living in energy-rich areas. Others worry that increased severance tax revenues will be used to substitute for a substantial portion of state taxes that would have otherwise been collected from firms and individuals. The resulting improvements in tax climate, it is thought, may encourage firms and workers to migrate to energy-producing states. While these issues are often portrayed as pitting energy have-nots against the haves, such is not entirely the case. Much of the original impetus for limits on coal taxes came from Texas residents, the state collecting the most severance tax revenue. One way of gaining perspective on these concerns is by examining severance taxes per capita and as a percent of state tax collections (see columns C and D in the table). When this is done, Alaska, where 1980 taxes on oil and gas production totaled more than $1300 per capita (and 35% of all state tax collections), stands out as a special case. There, the state was able to eliminate some individual taxes, place revenues in a permanent trust fund, and consider offering a rebate of some previous income

Jan 4, 1982

By E. J. Rorem

Rockfall and unstable rock slopes can be con-trolled by using steel wire-rope net systems as barriers or as slope draping. The chief advantage of such systems over rigid type barriers is the flexibility of wire rope netting. This flexibility and strength permits kinetic energy dissipation with low maintenance requirements. Mining activities can produce temporary or long-term unnatural slopes and unstable rock faces that may produce rockfall hazards. Such conditions can necessitate efforts to minimize the hazard to workers, structures and equipment.

Jan 1, 1996

By M. Karmis

The design of coal-mine layouts is based on the knowledge of a broad range of geological and geotechnical parameters, which must be determined from a sequence of exploration programs. It follows that any weaknesses in selecting, determining, interpreting or utilizing these data are inevitably reflected into the mine-planning process. In this paper, the main methods of exploration are reviewed and evaluated with the emphasis on acquisition, interpretation and storage of variables pertaining to mine-design. Some common problems are highlighted and recommendations are given for improving the utilization of data and optimizing coal-mine design procedures.

Jan 1, 1980

By James P. Savely

This paper describes the development of a trim blast design to improve the stability of a final pit wall. Description is given of the effects of rock characteristics, rock type, and pit plans on the blast design. Currently, six benches have been mined with trim blasting. A more stable final wall has resulted and the successful program has reduced mining costs over an extended time period. Low cost blast monitoring and field observation were used to determine peak particle velocity and blast damage. Using criteria developed from this relationship, trim blasts were designed and evaluated.

Jan 1, 1986

By M. Karmis

According to international projections and future energy scenarios, coal will continue to be a prominent fuel for the next 25 years. In fact, in many regions around the world, coal is expected to dominate the electricity sector until the year 2030. At the same time, with instability and volatility of oil prices, coal is also positioned as an alternative feed stock for conversion into liquid fuels. Energy economists maintain that coal liquefaction is viable at crude oil prices of $35 or more per barrel. Depending on technology and coal composition, 1 ton of coal can produce 1 to 4 barrels of oil. Increased coal production and the expanded utilization of coal also raise environmental concerns regarding greenhouse gases and the problem of handling CO2. Carbon sequestration research, currently conducted in many parts of the world, has demonstrated considerable potential for C-storage in unminable coal seams. Such geologic storage, when possible, can also be integrated into an enhanced coal bed methane recovery process Can coal fuel power plants and industrial facilities, provide diesel and other liquids and, at the same, also be used as a medium for permanently storing CO2? This presentation will provide a global perspective on these questions and stress on the need to reconsider, or even redefine, coal as the fuel for the future.

Jan 1, 2006

By M. Z. Rashad

The purpose of this work is to determine the influence of sample length or size on the value of variance (Semi-variogram) to select the suitable length that is required to the geostatistical computations of ore evaluation. Three cases in Ghorabi Iron Ore were studied. The first one was on the iron fraction (Fe\) at which the semi-variogram gave an evidence to good continuity of the fraction in the ore. In this case, the length of sample has not important influence. The second case was for the Mn\ component of the same area where the semi-variogram has a nugget effect. The selected length for this case was 4 meters. The Cl fraction of the ore was the third case where the anisotropic phenomena was appeared and the suitable length is 3 meters.

Jan 1, 1992

By J. C. Purcupile

In this time of increased coal demand, a faster and safer method for roof support is needed. This report outlines the preparation and testing of a machine which we feel will help answer this need. The results of the tests are encouraging, and indicate that further exploration of the method should be continued.

Jan 1, 1975

By K. Kim, T. M. Yegulalp

A new explanation of the scale dependency of rock strength is presented based on the theory of extremes. A brief review of past work on specimen size and strength relationship is followed by an introduction to the fundamentals of the underlying theory of extremes and its relationship to the scale effect. It is shown that the weakest link theory is directly related to extremal statistics and that parameters of strength distributions of rock can be derived as a function of the specimen size. Three sets of Brazilian test data are used to demonstrate the use of this approach.

Jan 1, 1994

By QUANWEN PU, Yonggang Wei, Bo Li

With the advancement of industrial science and technology, more and more catalysts are used. The spent catalysts produced are solid waste products, which cause environmental pollution if they are not treated. At the same time, the spent catalysts contain some precious metals such as platinum in concentrations that are often higher than in their ore resources. Therefore, the recovery of valuable metals in spent catalysts is a hot research topic at present. However, due to the complex structure of the spent catalysts, dealing with them is a lengthy process. The first step of recovery, enrichment of the spent catalyst, becomes particularly important. In this paper, a pressure solution method is investigated for this purpose, in which the alumina carrier is dissolved and platinum is enriched in the leaching residue.

By S. K. Kawatra

Under normal conditions, a significant amount of pyrite is recovered in the froth during flotation of high-sulfur coal. In order to reduce this pyrite recovery, it is first necessary to determine the primary recovery mechanism, as different measures are required for reducing entrainment, locked-particle flotation, or true hydrophobic flotation. In this paper, evidence is presented which suggests that hydrophobic flotation is not the major mechanism for recovery of liberated pyrite, and that the bulk of the recovered pyrite is there either as a result of simple entrainment or by being physically locked with floatable coal particles.

Jan 1, 1991

By M. Katzer

The effect of selective dispersants as wet grinding aids for ores is demonstrated on laboratory scale batch and continuous grinding equipment. A complete characterization of behavior is performed on a given ore to demonstrate correlations involving torque, % solids, net production rate, and slurry weight and volume loading. The relationship between such laboratory data and industrial scale testing results is very consistent.

Jan 1, 1979