Search Documents

By Scott K. Palm, Neil D. Pearson, Jr. Read

"Uncertainty is an important feature of many investments, but it is especially important for mineral properties. Mine properties often entail large investments and fixed commitments. Managers in the mining industry often view price uncertainty as undesirable, due to the possibility that the price of the mined commodity will fall to a level that prevents the firm from recovering its investment and fixed costs. This paper identifies pitfalls in conventional valuation methods and outlines a new approach to valuation based on option pricing theory and dynamic programming. In the process, it identifies generic strategies for organizing mine production in ways that allow the owner to benefit from the uncertainty in mineral prices. IntroductionRisk is pervasive in the mining industry. The operation and maintenance of a mine may involve high, and unavoidable, fixed costs. A mine owner can only begin to recover these fixed costs if the price of the mined commodity is greater than the incremental cost of production. But the prices of many minerals are extremely volatile. The price volatility of copper has been significantly higher than the price volatility of a typical stock, for example. A mine owner cannot be sure that the price of the mineral product will remain high long enough for the firm to recover its capital and fixed costs.Mine owners are able to minimize their losses during periods when the output price is below the incremental cost of production by temporarily closing operations. During these periods they incur only fixed costs. While shut-downs help minimize losses, the y do not help the firm recover its initial investment. If output prices remain low long enough, the fixed costs and original investment may never be recovered. High fixed costs, therefore, lead to substantial downside risk."

Jan 1, 1986

By M. Uszko

The climatic area in which Poland is located requires heating the ventilation air at intake shafts during the winter season. Air heating of the intake shaft should ensure safe operation of hoisting devices; while at the same time it also affects the conditions of the mine environment. The paper presents the issues of shaft heating in coal mines in terms of the mining law, the effect on the conditions of the mine environment and heating technology solutions used in the mines of Kompania Weglowa S.A. (KWSA).

Aug 1, 2013

By E. Nejati, S. Khoshkooei, V. Firouzdor, M. Akbari, F. Khomamizadeh

In this study the effects of Si content on mechanical and thermal fatigue properties of Al-Si casting alloys were investigated. Repeated heating and cooling cycles were applied on the samples at 230°C to develop thermal fatigue cracks. Crack growth mechanisms and microstructural influences were investigated by optical and scanning electron microscopy. Thermal fatigue behaviors were improved successively by increasing of silicon content up to 7wt%. However, addition of more than 9wt% silicon decreased the thermal shock resistance of the alloy. Silicon contents of about 9wt% presented the best mechanical and thermal fatigue resistance in the alloy.

Jan 1, 2006

By Michel Gauthier, Jacque Trottier

"ForewordA symposium on base metal deposits was held in Bathurst, New Brunswick, from June 10-13, 1990, sponsored jointly by the Geological Surveys Branch of the New Brunswick Department of Natural Resources and Energy, the New Brunswick Prospectors and Developers Association, and the Geology Division of the Canadian Institute of Mining, Metallurgy and Petroleum. Papers prepared for the symposuim are being published as a series of articles in the CIM Bulletin. This third paper (the first was by Fyffe, et al., in Vol. 83, No. 938, the second is in this issue) in the series presents an overview of the tectonic setting and geochemistry of base metal deposits in the Eastern Townships of Quebec.ABSTRACTIt is well known that the classification system of volcanogenic massive sulphides (VMS) is based upon their metal content. This metal content, the result of hydrothermal solutions circulating within strata underlying the deposits, is generally thought to be related directly to two parameters: (1) the nature of the underlying stratigraphic sequence; and (2) the physico-chemical conditions that existed at the time of the hydrothermal event. Furthermore, these two parameters are, in turn, related to the tectonic setting. One must bear in mind that these parameters are diachronous and evolve with time. These factors are considered in our analysis of the major VMS deposits of the southeastern Quebec Appalachians. This analysis will describe the time and environment of formation of these deposits and integrate them into an evolving paleotectonic model.VMS deposits in the southeastern Quebec Appalachians formed during three distinct metallogenic episodes. During the first episode, which involved early closing of the Iapetus Ocean and associated destruction of oceanic crust by subduction processes(Early Ordovician?), cupriferous VMS deposits hosted by pillowed, mafic (boninitic) lava flows were formed in immature island-arc systems (""Cyprus-type"", e.g. Huntingdon deposit).In the second episode, which also occurred during the closure of Iapetus but at a later stage (Early to Middle Ordovician), mature island-arcs formed and hosted polymetallic VMS deposits (""Kuroko-type"", e.g. Eustis deposit).Finally, during culmination of the Taconic and/or Acadian orogenies (Middle Ordovician and/or Devonian), transtensional basins, associated with tholeitic to transitional mafic volcanism began to develop. Major sedimentation occurred contemporaneous with volcanism, and within this framework polymetallic VMS deposits were formed (""Besshi-type"", e.g. the Memphremagog deposit).Although incomplete, the proposed paleotectonic model represents the sequence of the tectonic settings that prevailed during the formation of the VMS deposits of the southeastern Quebec Appalachians."

Jan 1, 1991

By Pierre O'Dowd

"The southern Abitibi Belt is the major source of gold in Quebec. Although the northern part of the belt is quickly being developed, the area under study will not be downgraded in the near future because it still contains more than 75% of the known reserves in the belt.Gold is found in a variety of geological environments which are part of a small number of distinct structural patterns. For the exploration geologist, outlining such patterns might be easier and more productive than defining, when it is possible, the exact genetic nature of the gold mineralization.Exploring in the right place has always been one of the main concerns of explorationists. This paper briefly describes the various favourable geological settings, and outlines areas, types of structure and lithologies of high potential for gold exploration in the southern Abitibi Belt.IntroductionThe southern part of the Abitibi Belt is a profilic mining area for precious and base metals (Lulin 1990). Although mineralizing processes and controls of polymetallic deposits are well known and understood (Lydon 1984), almost every gold occurrence is a unique case and numerous models have been proposed (Roberts 1987; Hodgson and McGeehan 1982; Hodgson 1990).This study does not define new genetic models for the formation of gold deposits, neither is it meant to elaborate on the existing ones. A genetic approach, is by definition, theoretical and, to some extent, universal. It helps geologists define types of targets and exploration tools but does not outline or quantify target areas. To tentatively summarize the complexity of a genetic approach, a brief discussion on the various genetic models in vogue in Abitibi and the problems related to their use in exploration can be found at the end of this paper."

Jan 1, 1991

By Michael Farley, Paul Dufour

"Relationships, Partnerships,Marriages (RPM)RPM has a nice musical ring to it, but it is in fact synonymous with science and technology, university-government -corporate links and the more genera l issue of university roles in technology development. Pick up any report on one of these issues, and chances are that you will find one of these key words in the title. Play it, and you will find that the revolutions per minute are increasing. It is difficult to keep track of the wide variety of institutional experiments now developing in Canadian universities in attempts to marry science and research with technology commercialization and technology transfer.Why is the role of Canadian universities in this matter important? There are at least five good reasons:1. It is important because these knowledge institutions are producer s of scientific research, a major component of technology. Today the gap between the two is rapidly shrinking.2. It ' is important because Canadian industry is turning to universities for tech no logy development and new knowledge. Figure 1 shows that universities are becoming an important source of technology available to Canadian firm s; more important in fact than government. Figure 2 illustrates this trend more graphically in showing that university collaboration is one of the preferred methods of industry participating in co-operative R&D efforts:3. The role of Canadian universities in technology development is also important because the provincial and federal governments have embarked on various programs and policies for promoting the use of technology and science for economic benefit. Universities are playing an increasing role here. For example, the submission of IDEA Corporation (a venture capital operation funded by the government) in Ontario to the Bovey Commission on the Future Development of Ontario Universities clearly spelled out its ideas for commercialization of university research in Ontario . Among other things, the brief suggested that Ontario's universities need to be better equipped to transfer technology, and the reward structure in university research must incorporate industrial interests."

Jan 1, 1986

"A growing public awareness of work-related diseases such as pneumoconiosis and the impact of this awareness on legislative bodies and on the skilled labour market are reasons why the Canadian mining industry must consider dust control of top-drawer importance. Measurements and standards related to the hazard are necessary to control a dust situation and to avoid excessive risk. The author discusses some of the methods of measurement, standards proposed and terminology used in this developing technology. The purpose primarily is to give a better understanding of the basic advances achieved by those who have applied current knowledge with a measure of success."

Jan 1, 1972

By D. Seo, P. Au, X. Husang, D. Nagy

The production of single crystal (SX) turbine blades represents the current stateof- the-art in Ni-based superalloy design. With complex casting processes and alloy composition modifications, SX superalloys exhibit superior high temperature mechanical properties to their polycrystalline counterparts. Stresses and plastic deformation can occur in SX nickel-base superalloy engine components at various stages during their manufacture and use. For examples, stresses are created during initial solidification and also during solid state processing such as shot peening, grit blasting, blending, electrodischarge machining and welding. Stresses may also be created during service due to random events such as foreign object impacts. Subsequent exposure of SX to high temperatures during solution heat treatment and brazing repair can result in recrystallization which has been shown to be detrimental to both creep rupture strength and fatigue performance of the components. It is therefore the objective of this paper to understand the recrystallization behavior of two SX superalloys, PWA 1484 and 1483, subjected to pre-stressing and subsequent heat treatments.

Jan 1, 2006

By J. Petit

"In July 2004 workers at the ABI Smelter in Bécancour (Quebec, Canada) went on strike. Contingency plan were ready to face the situation and plan was done to operate one potline out of three. Two lines were stopped; keeping in mind the restart on cold metal after the strike was over. The subject to be presented and shared includes a summary of work organization including training, schedule of restart, pot cleaning, pot preparation, crash start method, follow up after crash start, safety and environment. This major project has been a very big challenge. It shows that people involvement is a must and the key success. It is then true to say : ""People who believe in success will work and act in order to get there"" and ""People who don't believe in success will act in such a way to fail"" Then both will prove they were right to think their own way ! Sharing such experience can be interesting because it's a true story and people like true stories."

Jan 1, 2006

By Y. Zedan

In this study, the statistical design of experiments (DOE) was applied to study and regulate the properties of near-eutectic Al-11%Si alloys. Develop regression equations for such response variables as hardness, yield stress, ultimate tensile stress, percent elongation, total cutting force, cutting power, and tool life together with other factors which, include the percentage composition of the alloying elements, and the requisite modification (Sr) level. These equations may be analyzed quantitatively to acquire an understating of the effects which the main variables and their interactions may have on the mechanical behaviour and the machinability of the alloy under investigation. The results reveal that increasing the levels of Cu and Fe content results in an increase in hardness, yield stress, and ultimate tensile strength in both modified and non-modified alloys. On the other hand, both Cu and Fe appear to affect the percentage elongation adversely, whereas the Sr-level has a positive effect on this parameter. It was found that Sr-levels have the most significant effect on the cutting forces and cutting power followed by the content in Fe and Cu. The results also reveal that the interaction coefficients of these variables have a significant effect on tool life compared to the main independent variables. This fact may be attributed to the formation of complex insoluble phases between Cu, Fe, Si, and Al as investigated using Scanning Electron Microscopy (SEM) attached to an EDX analysis system. The accuracy of the regression equations in predicting the expected properties has been verified by carrying out random experiments in the range of variation of these variables.

Jan 1, 2011

By Solar D. Andrés

Several large open pit mines are facing the challenge to design and plan an underground transition to sustain the long term future of their operations. The desired underground method is Block Cave since its natural high productivity and low operating cost that could compete against the open pit cost to mine the final open pit pushbacks. It has been found at several operations where this transition is taking place that the pit limit at which transition is performed is rather deep. This aims to think that perhaps several transition projects have started late in the life of an operation producing an over stress in the transition project and reducing the flexibility in the design of the overall infrastructure and a substantial lost in the complete project NPV. Traditionally the approach to plan open pit underground transition consists of sequentially deciding the final pit using a Lerchs and Grossman type of optimization to find the overall maximum pit shell and then running block cave simulations to find the best footprint for the underground option. The research summarized in this paper is related to the development of an integer linear programming model that aims to compute simultaneously the maximum NPV of the combined option final limit open pit and block cave underground footprint. The model has been tested using two large block models representing two of the current operations in the process of transiting from open pit to underground operations. Finally, the integrated open pit underground transition model is going to be compared to the traditional sequential approach in order to define which method achieves the best NPV. The paper illustrates both case studies in depth.

Oct 1, 2009

By H. A. Baxter

THE Eustis concentrator is located about nine miles southwest of Sherbrooke, on the main line of the Quebec Central railway. The concentrator is served by a side track parallel to the main line, and all supplies for both the mine and mill are delivered at the mill yards. The concentrator treats 250 tons of copper-iron ore daily by preferential flotation, whereby, first, the copper sulphides are floated and the iron pyrite is depressed, and, second, the iron pyrite is reactivated and floated, resulting in an iron pyrite concentrate and tailing, the latter going to waste. During 1934, 71,709 tons of ore were treated, averaging 3.712 per cent copper and 32.1 percent iron, with a small amount of silver and a trace of gold. The recovery was 93.77 percent of the copper, and 70.43 percent of the iron as iron concentrate. The copper concentrate produced averaged 25.623 percent copper and the iron-pyrite concentrate averaged 42.13 percent iron and 49.173 percent sulphur. HISTORY The first mill at the Eustis mine was built in 1904 (1). For a few years previous to this rime, some jigs had been operated to concentrate the fines from the mine, the coarse ore being hand-sorted. Both the fines and sorted lump ore were shipped to acid plants. The building of the mill was based on test work carried out by Professor Robert H. Richards at the Massachusetts Institute of Technology. The method of concentration consisted in careful classification in a Richards classifier, which made six different sized products. These products went to Wilfley tables, where a concentrate, middling, and tailing were made. The middling was returned to the rolls. Crushing was done by a jaw crusher and two sets of rolls, resulting in a screen size of about five-mesh.

Jan 1, 1936

MR. J. F. MYERS, Consulting J3eneficiation Engineer, Greenwich, Conn.: In the written discussion contributed by Mr. F. C. Bond in item ( 2) (page 515), speaiking about the significance of the ratio of mill diameter to the make-up ball diameter, he states: "When this ratio exceeds 100 the power and capacity of the mill are de-creased"; and the paragraph ends with a reference to the 30 per cent ball volume "with some de-crease in mill capacity". I believe this broad statement is incorrect. When we are dealing with a non-cataracting mill, pre-ceded by a good rod mill, there is a slight increase in capacity, but the power does drop. The second point that I consider needs consideration is Mr. Bond's item (8), Proper Mill Speed (page 516). This paragraph should be qualified to cover single-stage mills only. It does not apply where a rod mill is followed by a non-cataracting ball mill. The statement as is, with no qualification, gives an erroneous idea of proper mill speeds.

Jan 1, 1957

By Juan Asalgado

The JORC and NI43-101 codes impose that mineralized material has a reasonable prospect of economical extraction to be classified as Mineral Resource. For deposits close to surface and amenable to open pit mining, it is easy to show reasonable prospect of economic extraction running a Lerch-Grossman optimization. The Lerch-Grossman pit provides a transparent and repeatable way of separating the Mineral Resource (within the pit) from the remainder of the mineral inventory (outside the pit). Deposits amenable to underground mining are more challenging because of the variety of the underground methods. AMEC developed a stand-alone software package that outlines the material which has reasonable prospect of economic extraction for open stoping, block caving, sublevel caving and room and pillar. The software takes a block model file in ASCII and exports a 3D surface outlining the part of the mineralization that has a reasonable prospect of economic extraction, and which the Qualified Person can smooth out manually if required.

Oct 1, 2009

By R. Drozd

"The Bullmoose Mine is currently under construction in the North East Coal area of British Columbia, and approximately $300 million will be spent to bring this 2.3 million-tonnes-per-year metallurgical and thermal coal mine into production by December 1, 1983.The project is an unincorporated joint venture undertaking, with Teck-Bullmoose Coal Inc., a wholly-owned subsidiary of Teck Corporation, holding 51%, Lornex Mining Corporation holding 39%, and Nissho-Iwai (Canada) Ltd. holding 10%. Bullmoose Operating Corporation will be the manager and operator of the project.This paper will broadly cover the history and exploration work on the property, the geology, open-pit mining plans and equipment, the preparation plant flowsheet from breaker station to clean coal silo, the 35 km highway truck haul, the railroad loadout system, manpower requirements, construction progress, approvals and permits, and general financial arrangements.IntroductionThe Bullmoose Mine Project"" is located about 87 road kilometres south of Chetwynd, B.C. and consists of an open-pit coal mine, a plant facility in the Bullmoose Creek valley below the mine, and a separate rail loadout facility on the British Columbia Railway Branchline near the new town of Tumbler Ridge some 35 road km to the east.The plant will be capable of producing a total of 2.3 million tonnes per year (mty) of washed metallurgical and thermal coal. Long-term metallurgical coal contracts for high quality, medium volatile, bituminous coal have been signed with nine Japanese buyers for 1.7 mty, and the balance of 0.6 mty will be thermal coal production.Plant construction began in the spring of 1982, and in May 1983, preproduction waste and overburden removal in the mine will commence. The plant should be fully operational by December 1983, and first vessel loading at the Ridley Island port is scheduled for January 1984."

Jan 1, 1983

By Robert B. Parsons

"In this period of improved metal prices and reported profits, valuable lessons should be recalled from the 1970s when a similar cycle lured the federal and provincial governments into thinking that they could grab bigger pieces of the pie without harming the minerals industry. It took years for the industry to recover from the damage inflicted by that unprecedented scramble for higher tax revenues. It is hoped that the current policy makers will have learned from the lessons of the seventies, and will realize that mining companies need to keep a reasonable share of profits realized during the good years in order to prepare for the inevitable downturn in the cycle.INTRODUCTION"", «. We have made clear to industry that super profits... will no longer be tolerated "".With that assertion, the Honourable David Barrett , Premier and Minister of Finance of the Province of British Columbia, announced the introduction of a new mining tax regime in his February 17, 1974 bud get papers . British Columbia producers would face a basic royalty and a royalty on so-called ""super profits"", resulting in some instances in tax rates exceeding 100070 of pre-tax profits.The ball started to roll. Mining tax changes knew no political or geo graphical boundary. On April 9, 1974, Ontario's Treasurer John White stated in his budget speech:""Increased demand by major industrialized countries has resulted in sharply higher metals prices and substantial wind fall gains for the mining industry in Ontario. With the prospective demand for minerals likely to sustain current price trends into the future, it is only fair that we secure for the people a higher return from our natural resources""."

Jan 1, 1989

By Y. Wang

In this study, homogeneous (unseeded) precipitation of nesquehonite (MgCO3.3H20) by the reaction of MgC12 with (NH4)2CO3 in supersaturated solutions at 30 °C was investigated. Factors which influence the precipitation of MgCO3.3H20, such as initial concentration, temperature, stirring speed, titration speed, equilibration time, have been studied. SEM images show that the initial concentration and titration speed have significant effect on nesquehonite's crystal morphology and particle size. In addition, stirring speed and equilibration time also have some influence on its properties. With the optimization of operating conditions, the crystals can grow up to a length of about 40µm and a width of 5µm, indicating good filtration properties. High purity nesquehonite obtained in this study was calcined to produce highly pure MgO at 800 °C as shown by XRD results. The novel process may be used to separate Mg and Li from high Mg/Li ratio brines in Qinghai, China.

Jan 1, 2007

By E. A. G. Colls

PART I.-GASES IN INDUSTRY INTRODUCTION THE part played by gases in industry can be considered from at least four distinct viewpoints, viz: (1) As air to support combustion and life and do various kinds of work (2) As fuel, or as essential to certain chemical processes (3) As sources of danger from explosion or fire ( 4) As hazards to man's health The present paper deals with gases only insofar as they are sources of danger, or are hazards to health. It may be noted, however, that, in point of tonnage, air is one of the most important materials handled in any industrial plant. In the operations of the Consolidated Mining and Smelting Company, for example, 138,000 tons of air are handled daily, the only material exceeding this figure being water. The United States Bureau of Mines has listed no fewer than seventy-four gases and vapours that, under certain conditions, may be considered as ex-plosive or dangerous (poisonous). The commonest and most important of these are as follows : Carbon monoxide Methane Acetylene Hydrogen Oxygen Hydrogen sulphide Benzol vapour Ammonia Petroleum vapour Carbon disulphide Hydrochloric acid gas Cyanogen Carbon oxysulphide Chlorine ` Fluorine (and fluorides) Acetone vapour Acetic acid vapour Water gas Natural gas Gasoline vapour Coal gas Producer gas Ether vapour Nitrogen oxides

Jan 1, 1940

By N. Erarslan, M. Serati

"This paper attempts to provide a simple analytical solution for the calculation of the stress tensor induced in a two-dimensional elastic ring of a brittle material subjected to general loading on either its internal or external curved surfaces. Airy stress functions and Michell’s expression in polar coordinates are used, and parametric studies are performed to investigate the influence of loading angle and the geometrical aspect ratio of the ring on the maximum induced tensile stress. INTRODUCTIONA proper and accurate estimation of the tensile strength of a given material is a crucial step in many engineering projects; in particular in rock cutting, since rocks are much weaker in tension than in compression or shear. Both direct and indirect laboratory techniques such as the direct uniaxial pulling test, the Brazilian indirect tensile test (also known as the split cylinder test), and the ring test have been proposed and developed to estimate rock tensile strength. Among these, the ring test, initially suggested by Ripperger and Davids (1946), has become particularly appealing for its ease of sample preparation and its unique breakage mechanism in almost a pure tensile mode. Unlike the Brazilian test in which high shear stresses developed in the vicinity of the contact could interfere with the tensile breakage of the disc specimen, a tensile failure starts away from the loading platens in a ring test (Hobbs, 1964)."

Jan 1, 2015

By O'Halloran. Gerard F.

"ECSTALL MINING has installed in their plants the most modern equipment in the mining industry. At the minesite, digital blocked frequency controls are used to monitor all crushers, conveyors, ventilation equipment and pumps from underground. Distant pumping stations are monitored and controlled by radio. Modern friction skip and cage hoisting systems have been installed with static power supply designed for automatic operation. Rotary-type compressors of recent design are in service in place of the conventional reciprocating-type units. At the concentrator, the 800- and 1500-hp synchronous motors driving the grinding mills have static field excitation and pneumatic clutches, still meeting modern-day concepts, having been• installed in 1966. The maintenance work load has increased annually for the past eight years. The modern plant, with all the present-day sophistication, must have a welltrained and well-organized force of skilled workers, and a maintenance system which will supply realistic facts and guidelines. This presentation will review the relative location of plants, utilities, maintenance and services, plant maintenance control and mechanical control. It is the hope that enough information will be presented to weigh the size of the job and how the resources are utilized for controlled maintenance."

Jan 1, 1974