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By L. Xia, B. Hart, J. Nigim, Z. Chen

"Grinding ore is an important step in the flotation process. Not only does grinding reduce particle size and liberate minerals, it also creates conditions for reactions to occur on particle surfaces that can aide or inhibit flotation. There have been numerous studies examining various grinding regiments and the effect on flotation pulp chemistry, including autogenous grinding and using media of variable composition. There have been however, few studies looking at the effect of variability in grinding media size on pulp chemistry and subsequent flotation. This study attempts to link changes in pulp chemistry in response to variations in grinding media size to flotation recovery. It uses probes mounted in the grinding chamber (pH, Eh, DO, and conductivity) to monitor pulp chemistry changes during grinding of a Cu-Zn ore. Surface chemistry analysis by ToF-SIMS was performed on sphalerite from the mill discharge. Activator and depressant species were monitored on the mineral surfaces and their presence was evaluated in the context of variability in pulp chemistry linked to differences in grinding media and its ball size.INTRODUCTIONIt has been widely recognised that not only does grinding reduce particle size and liberate minerals but the grinding environment has a large effect on the flotation of sulphide minerals. This effect is attributed to Eh change, iron hydroxide coating on surfaces, oxygen reduction, precipitation from solution and galvanic coupling (Grano, 2009). As early as 1960, it was reported that after grinding the ores in an iron mill the natural floatability of sphalerite was reduced significantly (Rey and Formanek, 1960). Kocabag and Smith (1985) studied on the industrial circuits showing that the depression of sulphides flotation in a steel mill is possibly due to the coating of iron oxidation products. Peng, Grano, Fornasiero, and Ralston (2003a, 2003b) found that iron contamination from grinding media plays a dominant role in depressing galena and chalcopyrite flotation. Huang, Grano, and Skinner (2006) reported the same observation in the flotation of arsenopyrite."

Jan 1, 2016

By H. J. B. Couto, J. G. S. Puelles, M. L. Torem, R. H. Rojas, A. G. Merma

Understanding the limits of fine particle flotation is fundamental to achieving a significant and selective separation. Conventional flotation processes are not suitable to treat these particles because of their low collision efficiency. This problem can be overcome by decreasing the bubble size or by increasing the apparent particle size. However it is worth noting that the use of small bubbles or micro bubbles also involves some disadvantages such as their low momentum resulting in a slower process comparing with conventional flotation. Electroflotation is an attractive alternative for treating fine particles with small bubbles less than 100 µm, generated by the electrolysis of water. In this sense, this study assesses the effect of current density and pH on bubble size in a binary electroflotation cell. An increase in the bubble generation rate was reported with an increase in current density. In addition, at acid pH values, the size of oxygen bubbles increased and conversely decreased at basic pH values; this may be due to the electrostatic attraction between the oxygen bubbles and the anode resulting in a greater nucleation time. An opposite trend was observed with the hydrogen bubbles. These results are in agreement with their electrokinetic studies, which reported that at acid conditions the bubble surface may be positively charged for both the hydrogen and the oxygen bubbles. Finally the bubble size was slightly affected by the electrolyte concentration, resulting in smaller diameter bubbles at higher concentrations.

Jan 1, 2016

By Tamas Kekesi, Gergo Rimaszeki, Tibor Kulcsar

The efficient purification of soldering waste material can be achieved in a single operational step by the electrolytic refining in pure hydrochloric acid - tin-chloride media. The complex formation of the ionic species may offer a beneficial level of natural inhibition. Using the PCR (periodic current reversal) technology, is efficient in affecting the morphology of the cathodic deposit. In order to optimize the process, the investigation of the solution stability and the electrode reactions is essential. The natural tendency of the Sn(II) oxidation and precipitation can be overcome by properly controlling the concentration of the main components and the ratio of Sn(IV)/Sn(II) in the electrolyte solution. Polarization curves were obtained for different concentrations tin and hydrochloric acid. Conclusions referring to the electrode reaction were derived from the overvoltage - current plots. The morphology of the deposit can be correlated with the exchange current density, also determined from the polarization curves. The cathodic current efficiency and the morphology of deposited metal are affected by the distribution of tin species and the principal electrolysis parameters.

Jan 1, 2011

By Sergio Romo, Gerardo Fuentes, Adriana Garcés

Refractory ores with gold entrapped in a sulfide matrix, must be processed in a first stage with chemical or physical treatment in order to liberate the gold for a subsequent step with cyanide. The goal of this research was to compare the refractory behavior of a gold concentrate treated using two pretreatment methods: pressure oxidation and fine grinding. Gold concentrate from Viacha Mining in Bolivia, assaying 50.11 gpt, with a P80 of 131 ?m was used. The concentrate contains arsenopyrite and pyrite as main sulphides in the matrix. A preliminary test with cyanide resulted only 13.5% of gold extraction with 4 hours of stirred leaching. Using an autoclave oxidation with sulphuric acid and 12 bar oxygen pressure at 220°C pretreatment, the cyanide gold extraction increased to 69.0% in 4 hours. When material was ground in a pulverizer, producing a P80 of 20 ?m and the product directly cyanided, stirred leaching gave a gold extraction of 65% in 4 hours. For both techniques, the effect of temperature, sulfur produced in autoclave oxidation, optimization of the cyanide and the nature of residues were also studied.

Jan 1, 2014

By S. J. van Rensburg

Competition for resources, including water and arable land, refocused attention on water and gold tailings management with respect to quantity and quality. MINTEK established and validated an "Advanced Leach Facility" to record kinetic leach information aimed at gold refractory sulphide ores. This facility was developed because of the need for additional leach process information to enable proactive decision making. Instead of focussing on optimised gold recovery only, the impacts of pre-oxidation methodologies were evaluated by considering key parameters, including cyanide speciation, reagent consumption, thiocyanate, arsenic, heavy metals, salt loads, water quality and residue stability. Results from oxidative leaching of a refractory gold ore employing oxygen, ozone, ultra-fine grinding, high shear and pressure oxidation are discussed. The relative cyanide and lime costs and environmental and sustainability effects associated with these technologies are briefly outlined.

Jan 1, 2011

By H. Fujiwara, T. Ito, T. Mizuguchi, K. Kawasaki

"In this study, we characterize the high-temperature deformation of typical “Class I” solid solution Al-Mg alloys as a superplastic elongation attributable to the solute drag creep of dislocations. The second-phase particles formed by adding Fe or Si as impurity atoms to the Al-Mg alloys impeded the gliding motion of dislocations, thereby decreasing their hot ductility and resulting in cavity formation. High-temperature tensile tests were performed with initial strain rates in the range of 1×10–3 to 1×10–1 s–1 at air temperatures 673–723 K. The dominant high-temperature deformation mechanism in these alloys was the solute drag creep controlled by the interdiffusion of Mg in Al. In this study, the calculation of critical length, defined by the diffusion-based relaxation of the stress concentration region around second-phase particles, is reported using the Needleman–Rice parameter. An analysis of the impact of cavity formation based on a comparison of the Needleman–Rice parameter and second-phase particle size is also reported.INTRODUCTION Aluminum alloys with high specific strengths are utilized as structural materials for transportation machines to minimize their weight, which consequently maximizes fuel efficiency, environment preservation, and so on (Miller et al., 2000; Heinz et al., 2000; Starke & Staley, 1996; Polmear, 1996; Immarigeon et al., 1995; Burger, Gupta, Jeffrey, & Lloyd, 1995; Ye, 2003). Microstructure refinement by severe plastic deformation (SPD) has been performed on a laboratory scale to achieve a higher strength of crystalline materials (Valiev et al., 2006; Song, Ponge, Raabe, Speer, & Matlock, 2006; Beyerlein & Toth, 2009; Sabirov, Murashkin, & Valiev, 2013; Sauvage, Wilde, Divinski, Horita, & Valiev, 2012). At room temperature, grain refinement strengthens the material, as given by the Hall-Petch relationship (Hall, 1951; Petch, 1953); at higher temperatures, superplasticity can be expected (Sherby & Wadsworth, 1989; Edington, Melton, & Cutler, 1979; Furukawa, Horita, Nemoto, & Langdon, 2001; Langdon, 2006). However, the synthesis of large-size materials by SPD processes is not yet feasible."

Jan 1, 2018

By Alim Ullah

Danieli entered into the Direct Reduction (DR) field in order to offer its clients complete turnkey facilities for steelmaking?from processing of raw materials through finished products. The Danarex® Process produces a passivated product, called the Supermetallic (SPM), without hot-briquetting. One of the main features of the Danarex® Process is its ability to produce approximately 50% of the Direct Reduced Iron (DRI) through reduction gas generated in a reformer and another 50% through recycling preheated furnace exit gas. Some other distinguishing features are: separation of carburising and cooling zones and the use of double bustle for better distribution of gas inside the shaft furnace. A pilot plant was set up at Hazen Research, Inc., Golden, CO in order to show that the integrated process works as expected and to obtain process data. The SPM obtained was of a very high quality, evidenced by metallization levels of 92% to 98%. The carbon content could be controlled between 1.5% to 4.0% by varying the operating conditions and approximately 75% of this carbon was present as Fe3C. The product was tested for inertness by Chilworth Technology, England, using UN standard tests and was found to be safe for outdoor storage and transportation.

May 1, 2003

By M. Takebayashi, M. Shingu, H. Nagai, T. Nakai, S. Asano

The Toyo Smelter and Refinery, owned by Sumitomo Metal Mining Co., Ltd. (SMM) is located in the coastal zone of Saijo City and Niihama City, Ehime Prefecture, Japan. The refinery has been producing copper, sulfuric acid, and precious metals such as gold, silver, and PGMs. Previously, the process of precious metals recovery was a combination of pyrometallurgy and an electro-refining process with the conventional cupellation for around 400 years. However, this process had some major problems such as non-efficient recovery of valuable metals, high environmental risk by pyrometallurgy, high cost for maintenance of equipment and so on. In order to solve these problems, a thorough hydrometallurgical process for precious metals refining using chlorine leaching technology was originated and developed by Sumitomo and thereafter commercialized in 2004 at Toyo Copper Smelter and Refinery. This new process enabled shorter-term recovery of gold and manpower saving, and occupational safety and working conditions have also been improved. Superiority over the existing hydrometallurgical processes was also confirmed, for example by the achievement of 99.99% pure silver production without an electro-refining process. This paper summarizes the hydrometallurgical technologies for precious metals recovery such as chlorine leaching of copper anode slime for silver recovery, solvent extraction (SX) for gold recovery, and ion exchange (IX) for PGMs recovery. It also presents a unique silver purification process. INTRODUCTION Sumitomo Metal Mining Co., Ltd. (SMM) produces copper, precious metals and rare metals as by-products at the Toyo Copper Smelter and Refinery, and nickel and cobalt at the Niihama Nickel Refinery. Precious metals contained in nickel ore are also separated and refined at the Toyo Refinery after concentration. SMM has been refining precious metals using the pyrometallurgical method. In recent years, we have revamped the separation and refining process of precious metals dramatically by making use of advanced hydrometallurgical and engineering technology developed in the company. In this paper, we introduce the history of development and techniques of this process, and also introduce in detail the technologies of gold refining, PGMs recovery, selenium recovery, and silver refining which have been particularly difficult to achieve.

Jan 1, 2019

By I. Bakry

Uncertainty is an inherent characteristic of construction projects. Neglecting uncertainties associated with different input parameters in the planning stage could well lead to misleading and/or unachievable project schedules. The objective of this paper is to present a new approach towards scheduling repetitive construction projects while accounting for uncertainty. The paper presents an algorithm that quantifies anticipated delays resulting from different sources of uncertainty in the form of fuzzy time buffers. Through inserting the time buffers in strategic places in a time schedule, the algorithm provides protection against those main anticipated delays. The presented algorithm comprises two integrated components, a scheduling component responsible for producing a basic Linear Scheduling Method (LSM) schedule with deterministic activity durations, and a buffer component that handles fuzzy buffers sizing and insertion. The presented algorithm offers four different buffer insertion techniques covering different cases of interrelations between successive activities. The algorithm is implemented in a spreadsheet application, which automates calculations, yet allows users to fine tune the algorithm to fit the project at hand. With a focuses on highway construction projects as an example of repetitive construction projects, this paper accounts for sources of uncertainty such as weather, site conditions, change orders and equipment related delays. A hypothetical case is studied and explained to further demonstrate how the proposed algorithm works.

Aug 1, 2013

By Fulchand Shende

Around the world many potash mines experience brine inflow problems. The presence of brine in underground excavations may induce structural and stability problems. A study has been carried out to simulate the effect of brine on the performance of pillar support. The testing program consisted of loading potash specimens in a creep frame, and simulating inflows by continuously pumping brine into an experimental cell. Brine temperatures and load conditions were varied to simulate several mining and inflow conditions. Specimens were fitted with acoustic emission transducers to monitor energy emissions during an eight-hour test duration. Samples of brine were also collected to provide K+ and Na+ concentration data necessary for an accurate assessment of the dissolution process. Test results indicated that dissolution rates are highly dependent on brine temperature and load conditions. Loads approaching 50% UCS tend to generate very high rates of energy emissions, often leading to the failure of the simulated pillars. This study demonstrated that acoustic emission could be effectively used for predicting the performance of pillars when exposed to inflow brine.

May 1, 2001

Particles for heap leaching in conventional circuits are prepared using Cone crushers. Cone crushers are used to crush the ore to the size range between 12-25 mm for heap leaching operations. Leaching from these relatively coarse particles occurs only at the surface and in subsurface regions, which are accessible from the surface by cracks and pores. Since leaching is active in accessible areas, the method of comminution that forms multiple cracks and pores would offer an advantage for heap leach. An investigation was performed in this study to assess if the HPGR forms more cracks and pores than a Cone crusher. X-ray computed tomography (CT) was used to characterize the degree of cracks and pores formed by these two comminution devices that can be used for heap leaching feed preparation. In order to compare the effect of the comminution method on crack network generation, a bulk sample of the zinc ore was crushed by the HPGR at three different pressure settings (45, 95 and 120 bar), the sample ore was also crushed with a Cone crusher for comparison purposes. Products from the Cone crusher and HPGR experiment were then screened into five size fractions ((-25 +19), (-19+16), (-16+9.5), (-9.5+5), (-5+4.75) mm), Subsamples from the ((-25 +19), (-16+9.5), (-5+4.75) mm) size fractions were analysed. The spatial distribution of the crack network of sphalerite particles was characterized using a highresolution industrial X-ray CT system. This paper describes the use of image analysis techniques including image segmentation, which uses a combination of thresholding and other methods to characterize and quantify crack and mineral dissemination in the sphalerite particles after comminution with the HPGR and Cone crusher. The results are validated with those obtained using traditional techniques such as physical gas (with N2) adsorption, mercury intrusion porosimetry, SEM and QEMSCAN.

Jan 1, 2012

By Poul Hansen

"In mid-1986, a world-class mining enterprise was created in Highland Valley, British Columbia, bringing together the copper mining operations of Lomex and Cominco . In 1988, Highmont joined the new partnership.Highland Valley Copper is the largest copper mine in North America in terms of both tonnage mined and tonnage milled, and it is one of the largest in the world. Due to its relatively low ore grade its production of copper in concentrate ranks about ninth in the Western World.The current eighteen year mine plan is based on ore reserves of 761 million tonnes. The daily milling rate is 133 000 tonnes. At the end of mine life, a total area of approximately 6500 hectares will have been disturbed. At this time, vegetation has been established on about 600 hectares and while work will be done during the operating years, it will not be until the end of mine life, about 2008, that the last half of the land can be reclaimed and revegetated.Once final reclamation has been accomplished, Highland Valley Copper will have completed its "" temporary use of the land"". In the meantime, about 1250people have had employment for about 50 000 man years, at wages ranking among the best in Canada.IntroductionTo provide and sustain our way of life, we need steel, copper, aluminum, zinc and many other minerals.To sustain mining, we must have adequate ore reserves and replacement of reserves as they are mined. Each year the search becomes more difficult as more of the Earth's surface is investigated and depo sits are mined. This calls for aggressive and sustained efforts.In British Columbia, past and present mining activities have disturbed less than one-tenth of one per cent of the land.With today’s technology, mining operations can be substantially reclaimed and thus complete the cycle of ""A Temporary Use of the Land""."

Jan 1, 1992

By S. J. Buckler

Many metallurgical processes use submerged gas injection to increase the contact area between gas and liquid phases in order to promote faster overall reaction rates. The work presented in this paper is part of an experimental investigation to measure the gas-liquid interfacial area available in bubble plumes within molten metal baths. Measurements of the nitrogen absorption rate during submerged injection into molten iron baths have been used to estimate the interfacial areas of the bubble plumes. A theoretical model was used to predict the superficial nitrogen transfer rate under mixed liquid phase mass transfer -interfacial reaction control. The interfacial area was calculated by dividing the overall nitrogen absorption rate by the superficial rate. Reasonable agreement was obtained between the interfacial areas measured in our laboratory with data from a comparable system reported in the literature. The experimental results were compared with the predictions of three theoretical models and one empirical correlation. The models of Turkdogan (3) and Zhao and Themelis (5) gave the best agreement with our data.

Jan 1, 2004

By P. Gautier

Current feedstock in the aluminum hot forging processes can be used in the cast or extruded forms. The microstructural variation between as-cast and extruded materials could result in different mechanical properties and corrosion resistance for hot-forged products. Corrosion performances were examined for forged parts produced by two AA6082 feedstocks at different conditions using the following corrosion tests: open circuit potential, anodic polarization, salt spray exposure and corrosion fatigue. With the help of optical and scanning electron microscopes, metallographical investigations were carried out on cast-forged and extruded-forged materials before and after corrosion. The corrosion behavior of both materials was compared in both as-forged and aged tempers. Results show that there is no significant difference in the corrosion performance for final cast-forged and extruded-forged products.

Jan 1, 2011

By Donald Lindell

Safety Share ?Dad receives fryer for Christmas 2009 and makes delicious sweet potato fries ?When the oil fryer was pushed back on the stove for cooling, the back edge comes into contact with the stove top controls, unknowingly activating the cooking element, family leaves kitchen. ?Faint smell of smoke from the melting plastic alerted the family; teenager arrives first and pulls the fryer forward causing oil to spill onto hot stove and burst into flames that reach the microwave ?Teen runs for sink to grab pan of water but is stopped by Dad ?Dad opens refrigerator, grabs baking soda and pours it on fire, extinguishing flames Lessons 1.DO NOT USE WATER ON GREASE FIRE 2.Where is the baking soda in your kitchen?

May 1, 2010

By W. G. Deeks

CANADIANS are world leaders in marketing metal and mineral products. Noranda Sales Corporation Ltd. is an international metal and mineral product marketing company operating from Toronto and London, England, where it operates a wholly owned sales subsidiary and is a 50% partner in Rudolf Wolff and Company Ltd., a charter member and the largest metal broker on the London Metal Exchange. Noranda Sales employs 97 people, of whom 52 are university trained and professionally competent in international resource product marketing. We market for 19 companies or divisions in the Noranda Group and 39 companies for whom we act as agent, consultant and purchaser of resource production. Our business in 1976 was 1.5 billion dollars carried out in 45 countries and covering 24 products and materials. Today, ownership of most of the mining industry in Canada has transferred back to Canadians, and this is said with the knowledge that a significant part of the Canadian industry has been Canadian owned and managed from its very early days. Noranda Mines Limited is such an example. It was born in 1922 as the result of a copper-gold showing at Noranda, Quebec, discovered by Ed Horne, a prospector, financed with a grubstake by a syndicate mainly composed of New York businessmen. Shortly after the discovery, when the shares of the company had risen, the syndicate was sold to Canadian interests and, since that time, Noranda has been dominantly Canadian owned and certainly Canadian managed. Today, over 90% of Noranda's shareholders are Canadian, who hold an equivalent percentage of the stock.

Jan 1, 1977

By J. P. Grieco, F. W. Grieco

"Manufacturing of Jaw CrushersOriginIn 1858 Eli Whitney Blake invented the first successful mechanical rock breaker-the Blake-type jaw crusher. Blake adapted a mechanical principal, the powerful toggle linkage system used to transform rotating motion and energy into oscillating mot ion and tremendous compressive forces. Today these same principals apply and the basic Blake-type jaw crusher is one of the leading machines of its class for heavy duty primary crushing service.In 1881 Philetus W. Gates patented a design for a crusher, the forerunner of the modern gyratory crusher which dominated the field from the late 1800s to the early 1900s. In 1910 the largest gyratory crushers built had 48-inch openings. However, about this time the jaw crusher came to life when the Power and Mining Machinery Co. built an even larger sized opening crusher-a giant 84-inch by 60-inch jaw crusher for a trap rock quarry in Pennsylvania. A 24-inch gyratory crusher became the ideal sized secondary machine for this size jaw. From that time on jaw crushers were looked on favourably as primary breakers and lines were brought up to date to parallel the already developed gyratory lines.FunctionMost heavy duty Blake-type jaw crushers work basically the same way. They are ruggedly designed and capable of crushing material in some cases in excess of 80, 000 p.s.i. compressive strength. They are very simple machines with few moving part s and, with the exception of replacement of renewable parts, are relatively maintenance free. It is quite common to have these machines in product ion for 20 to 30 years. The following will de scribe how these machines work. Large-diameter high-inertia flywheels which are connected to the main eccentric shaft, rotate inside a connecting rod type mechanism called a Pitman. It transforms rotating motion into vertical oscillating motion. This vertical motion is in turn transformed into reciprocating mot ion by means of a system of 2 toggles, each connected to the Pitman. The rear toggle is connected to the fixed rear head, and the front toggle is connected to the swing jaw which is hinged at the top of the crusher. With each rotation of the eccentric shaft the swing jaw opens and closes on rock which is fed into the crusher chamber, crushing the rock in a series of bites. These bites, or strokes as the y are called, usually vary between 1/2 inch to 1 1/2 inch at speeds of 120 to 200 strokes per minute. The reduction ratio of feed input to discharge is usually about 8 to I. Output capacities can vary from 100 tons/hour to 1200 tons/hour depending on the size of machine and its discharge opening. Horsepower requirements can vary from 75 hp to 400 hp.The entire crusher chamber is lined with replaceable 14070 manganese steel liner plates. This material is ideally suited for the job since it hardens as it wears during crusher operation. Manganese is also used in the high wear areas at each end of the toggle plates."

Jan 1, 1985

By J. P. Grieco, F. W. Grieco

"Manufacturing of Jaw CrushersOriginIn 1858 Eli Whitney Blake invented the first successful mechanical rock breaker-the Blake-type jaw crusher. Blake adapted a mechanical principal, the powerful toggle linkage system used to transform rotating motion and energy into oscillating mot ion and tremendous compressive forces. Today these same principals apply and the basic Blake-type jaw crusher is one of the leading machines of its class for heavy duty primary crushing service.In 1881 Philetus W. Gates patented a design for a crusher, the forerunner of the modern gyratory crusher which dominated the field from the late 1800s to the early 1900s. In 1910 the largest gyratory crushers built had 48-inch openings. However, about this time the jaw crusher came to life when the Power and Mining Machinery Co. built an even larger sized opening crusher-a giant 84-inch by 60-inch jaw crusher for a trap rock quarry in Pennsylvania. A 24-inch gyratory crusher became the ideal sized secondary machine for this size jaw. From that time on jaw crushers were looked on favourably as primary breakers and lines were brought up to date to parallel the already developed gyratory lines.FunctionMost heavy duty Blake-type jaw crushers work basically the same way. They are ruggedly designed and capable of crushing material in some cases in excess of 80, 000 p.s.i. compressive strength. They are very simple machines with few moving part s and, with the exception of replacement of renewable parts, are relatively maintenance free. It is quite common to have these machines in product ion for 20 to 30 years. The following will de scribe how these machines work. Large-diameter high-inertia flywheels which are connected to the main eccentric shaft, rotate inside a connecting rod type mechanism called a Pitman. It transforms rotating motion into vertical oscillating motion. This vertical motion is in turn transformed into reciprocating mot ion by means of a system of 2 toggles, each connected to the Pitman. The rear toggle is connected to the fixed rear head, and the front toggle is connected to the swing jaw which is hinged at the top of the crusher. With each rotation of the eccentric shaft the swing jaw opens and closes on rock which is fed into the crusher chamber, crushing the rock in a series of bites. These bites, or strokes as the y are called, usually vary between 1/2 inch to 1 1/2 inch at speeds of 120 to 200 strokes per minute. The reduction ratio of feed input to discharge is usually about 8 to I. Output capacities can vary from 100 tons/hour to 1200 tons/hour depending on the size of machine and its discharge opening. Horsepower requirements can vary from 75 hp to 400 hp.The entire crusher chamber is lined with replaceable 14070 manganese steel liner plates. This material is ideally suited for the job since it hardens as it wears during crusher operation. Manganese is also used in the high wear areas at each end of the toggle plates."

Jan 1, 1985

By J. L. Casado-Sánchez

Financial capital is highly volatile and if the investor does not get adequate compensation for the risk faced he may consider withdrawing his capital assets from the company and consequently produce a structural change in any sector of the economy. We study the variation in profitability of assets in terms of the changes that occur in the markets. The choice of models used is justified by the extensive theoretical and empirical use of them throughout the history of financial economics. We have used the capital asset pricing model (CAPM) and the model based on the arbitrage pricing theory (APT) to determine the beta value. These models have been applied to the monthly returns of 27 mining companies listed on the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), using data from the period covered from January 2006 to December 2010. The results of time series and cross sectional regressions for CAPM and APT produce some errors, suggesting that many companies have failed to obtain an adequate cost of capital. Also the results show that higher risk firms tend to have lower profitability. These findings make it unlikely to be maintained over the long term the current status and could drive structural change in the mining sector in the form of mergers.

Aug 1, 2013

By Farzad Mohammadi, David Kratochvil, Patrick Littlejohn

"With more rigorous regulations being enacted in the mining industry, a need exists for cost effective and environmentally compliant technologies to remove selenium from mine impacted waters to ultra-low concentrations. Existing selenium treatment methods have high life cycle costs, introduce risks of acute fish toxicity, and produce biological waste residues that represent future liabilities. Furthermore, achieving selenium discharge limits of less than 4 ppb is a challenge for existing technologies. Selen-IX™ is a technology developed by BioteQ that selectively removes selenium from mine impacted waters to less than 1 ppb. The technology is purely physico-chemical and takes advantage of the basic principles of ion exchange and electrochemistry. Unlike conventional electrocoagulation that removes suspended solids and breaks emulsions or oxidizes heavy metals, the electrochemical process employed by Selen-IX™ relies on creating conditions where iron acts as a highly effective reducing reagent transforming selenium from a dissolved species into elemental selenium bound in a solid phase. The iron-selenium by-product of Selen-IX™ is an inorganic, non-hazardous and chemically stable solid. Due to their high iron content, the solids produced by Selen-IX™ are of interest to the steel making industry as a low cost feedstock. This offtake potential can not only reduce the life cycle cost of selenium removal by reducing disposal costs but more importantly, eliminate the risk of future environmental liabilities. In this paper, the basics of Selen-IX™ technology are presented along with results of successful piloting on streams from coal and copper-gold deposits.INTRODUCTIONVarious contaminants are released into mining wastewater during the extraction and processing of metals. One such contaminant is selenium. A naturally occurring element found in rocks and minerals, mining activities accelerate its release into the environment. Selenium in trace quantities is essential to all life forms but at higher concentrations it can be harmful, especially to aquatic life where selenium bioaccumulation can lead to reproductive deficiencies."

Jan 1, 2016