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By H. R. Cooper

Beginning from the point of view that process control of ore flotation can be approached by on-line analysis of processing behavior, an equation was developed which has characteristics useful for a multi-variable feedback loop. The application of this equation to optimizing control with a data acquisition system will be discussed in Part 11. OBJECTIVE OF CONTROL The purpose of developing a feedback method for concentrator control is to provide a means for determining ore processing behavior in order that data describing the ore can be used to make appropriate changes in control conditions while the ore continues to flow through the flotation circuit. In absence of simple linear relationships between pairs of variables in the flotation process, attention is directed to the need for a generalized relationship which possibly would incorporate all pertinent variables. It would be possible to apply such an equation to the control of variables in a concentrator in real time according to operational requirements as ore gradually changes in quality and processing behavior. To meet this objective, it is necessary to define relationships describing flotation performance in terms of performance variables capable of being measured on-line, either with on-line instruments and analyzers or with manual methods lending themselves to quick determination of meaningful information. Relationships derived to meet this objective form a model for the flotation process. The evaluation of flotation parameters of the ore and the execution of control on the basis of the derived information while the ore is continuing through the process would constitute a feedback control system. Data for the following control and performance variables can be made available: 1) ore feed rate, 2) collector addition rate, 3) lime addition rate, 4) pulp density, 5) assay or multiple assays in feed, tails, or concentrate sufficient for material balancing, 6) particle size distribution in flotation feed, 7) froth height, and 8) frother addition rate. Other process variables, such as flotation air input and mechanical agitation intensity, are usually not considered as control variables and were not taken into account in this analysis. Other data, such as that describing the ore, would be useful for concentrator process control. However, information of this type (such as ore hardness, grain size of the mineral, chemical species of the mineral, and ore surface properties) being not presently measurable in the on-line sense, has the effect of causing disturbances in the system which can be detected only indirectly. The process control system being sought must recognize disturbances by their effect on measured performance followed by determining control changes to compensate for them in meeting the objectives of improved performance (perhaps higher throughput, maximum return, etc.). A suitable model for the process having capability of recognizing the effects of ore disturbances should provide the means for introducing proper compensation through control changes. This would be done by processing on-line data with the model to calculate coefficients reflecting ore characteristics. This procedure can only be applied in a typical flotation system when on-line data can be processed at faster rates than the usual rate at which the ore in flotation feed takes on significantly different characteristics. For example, material balance data can be accumulated in approximately 5-min intervals using on-line X-ray fluorescence analysis. The flotation system time constant might be 15 min including grinding. Ore changes having time constants longer than 1 hr could be accommodated using on-line feedback control by this procedure. FORM OF A FLOTATION MODEL A suitable form for mathematical expression of the flotation process is an equation involving rates, when each of the components entering into the separation can be treated independently by a rate equation. A first-order, kinetic rate equation can be written on

Jan 1, 1967

GOLD has played a part in the development of Australia. The total yield exceeds SIX hundred million pounds sterling, while the glamour of gold-mining and the unfailing demand for the product have enhanced its influence. The production is still considerable, but the yield is less than one-quarter of that twenty years previously, while the number of men employed has dropped from 70,000 to 11,000. Not only has there been a marked decline in production, but it is anticipated that thisdecline will continue, and continue more markedly. It is therefore desirable to ascertain the causes of the decline and inquire into means for diminishing or preventing it.The problem under discussion is far from being only local. Finlay states: The grand feature of the history of the business has been the progress of an economic cycle unfavourable to gold milling. The USA yield fell from $101,000,000 to $44,000,000.South Afriea has for some time produced one-half of the world's gold; yet in the Mining and Scientific Press of 11th February, IH22, General Smuts is quoted as saying that if the premium disappeared entirely 24 out of 34 mines would shut down. The solution, however, might be either general eg, a great advance in the metallurgy of gold; or local eg, a bonus; but before discussing any of the proposed solutions it will be advantageous to review the situation.STATISTICS OF THE PAST AND PRESENT PRODUCTION OF THE WORLD AND OF AUSTRALIAThe inquirer soon finds that there is a good deal of uncertainty, and that much care is needed in collating figures. In some cases a considerable part of the output is not officially reported, and returns...

Jan 1, 1924

By A. R. Dover

The Richmond-San Rafael Bridge is a 6.92 kilometer (4.3 mile) long major toll bridge span that crosses the northern San Francisco Bay in a highly seismically active region. Tutor-Saliba / Koch / Tidewater JV was contracted by Caltrans to conduct a comprehensive seismic retrofit. The JV provided geotechnical planning and quality control services as described herein, under normal oversight by Caltrans. Part of the robust foundation retrofit design included the installation of 26 new, large diameter piles, including eleven 3.81 m (12.5 ft) diameter, cast-in-drilled-hole (CIDH) marine piles that were drilled 9.15 m (30 ft) into the bedrock beneath the Bay, where the water depth ranged up to about 21.3 m (70 ft). These reinforced concrete-filled composite piles have a steel shell permanent casing from the bridge substructure pile cap through the water column and 30.5 to 39.6 meters (100 ft to 130 ft) of marine sediments to the top of rock. This paper discusses construction, inspection (ranging from the QA employed in the planning of the CIDH pile installation methods and equipment to the actual construction inspection required for the routine installation of the shafts), problems that were encountered during construction, and the solutions that were developed and implemented. Inspection, particularly with the usual difficulties in the marine environment, coupled with the difficult and complex bedrock conditions was particularly challenging, and ranged from non-destructive testing to "in-water, inshell" diver inspection. Similarly, the complexities of dealing with both the steel casing "riser" and the associated drilled shaft (rock socket) portion of these composite foundation elements created some unusual issues. The paper also presents important lessons learned from the project.

Jan 1, 2008

By F. W. Lee

This paper purposes to outline briefly results of seismic measurements made in the vicinity of blasts in a mine and in open-quarry operations. It endeavors to examine the amplitude and frequency of such vibrations as influenced by the loading, geology, and distance from the source and includes comments on factors that may index the destructiveness of a vibration and a method for measuring the stresses produced. There seems to be no simple mathematical analysis of the transmission of seismic energy through the ground, and experimental observations are at present most feasible. SEISMOLOGIC INSTRUMENTS Instruments developed by the Bureau of Mines for recording ground vibrations from quarry blasting comprise a new type of seismometer, oscillators, and a recording oscillograph. The seismometers respond to vibrations reaching them through the earth and transmit their characteristics by electric current to the oscillograph, where they are recorded by a beam of light on a moving strip of sensitized photographic paper. The seismometers are so constructed that their sensitivity to earth vibration can be controlled, thus keeping the amplitude of the recorded wave within bounds on the paper. Each instrument has been calibrated against vibrations of known intensity and frequency so that correction factors are known for the idiosyncracies of each unit. Moreover, each seismometer is calibrated in the field for its particular sensitivity setting at each blast. By these controls the actual movement of the earth due to vibrations of one ten-thousandth of an inch can be accurately measured.

Jan 1, 1936

By R. G. Aspden, D. A. Colling

THE {120}(001) texture has been reported in near 50 pct Ni-Fe alloys <0.004 in. thick1,2 and in copper 0.014 in. thick.3 This texture is one of two types of secondary recrystallization textures observed to replace a cube texture matrix and is desirable in Fe-Ni alloys because of its unique magnetic characteristics.1,2 However, the conditions for and mechanism of the {120}(001) formation are not well understood.3 During an investigation of the influence of alloying elements on the magnetic characteristics of 49 pct Ni-Fe alloys with a sheet thickness of 0.014 in., we have observed the growth of {120}(001) secondaries when strong deoxidizers such as aluminum and calcium were present. It is believed that this observation in unique and provides additional insight with regard to the mechanism for {120}(001) texture formation. Three alloys were prepared with electrolytic iron and nickel and contained a nominal 49 wt pct Ni. Alloy A was a straight binary Fe-Ni alloy, whereas intentional additions of 0.013 wt pct Ca to alloy B and of 0.59 wt pct A1 to alloy C were made. Ingots were forged at 1100 C, hot-rolled to 0.150 in. gage, pickled, and cold-rolled to 0.014 in. Standard U-shaped magnetic test specimens were punched, deburred, sprayed with MgO, and annealed in ~50°C dew point hydrogen. Textures were identified with the aid of etch pits, the

Jan 1, 1970

By Douglas Ketcham, Thomas Jetzer

While the neurological and vascular aspects of Hand-Arm Vibration Syndrome (HAVS) has been generally accepted as a medical condition, the medical criteria and the clinical findings used to establish the diagnosis has been more difficult to bring to consensus. The criteria was first quantified by the Taylor-Palmear scale.1 This criteria was subsequently modified in 1986 at the 1st Stockholm Workshop2,3 to included more acceptance for the neurological effects that characterized the predominate findings in some workers. The relationship between hand-arm vibration and Carpal Tunnel Syndrome was defined in NIOSH 97-1414. While the aforementioned documents have defined the clinical entities associated with hand-arm vibration exposure, agreement on the clinical findings and test to confirm the diagnosis has be been more difficult to bring to consensus. Clinicians assessing HAVS has relied on a number of varied neurological and vascular tests. The neurological testing has focused on assessing damage to the sensory capability of the fingers for the neurological component including tests to measuring ability to sense vibration, cold or other end point finger sensor functions. However, the vascular testing has been traditionally focused on the ability to either measure vascular function or to reproduce the vascular blanching that occurs in HAVS with cold water provocation. Recent assessment of this testing in the United Kingdom Coal Miner’s study has questioned the value of this testing especially in reviews by McGeoch.5 In an attempt to provide some type of definitive testing to substantiate vascular damage from hand-arm vibration exposure, angiography is an alternative or adjunct to cold water provocation testing. The standards that have been established to predict the level, type and incidence of HAVS have been based on clinical studies and reports that have essentially been all male populations. However, the recent entry of women into more vibration intensive jobs has brought about the exposure of some women to high levels of vibration previously only previously experienced by men. However, there have been only few studies that look at HAVS in women6. Although exposed the same vibration levels, it has not been clear that the latency and type of pathology of HAVS in women will be the same as for men. The purpose of this study is to look at recent case studies of men and women exposed to jobs with high levels of hand-arm vibration with extensive clinical testing for both the neurological and vascular components of HAVS as well as other associated upper extremity conditions such as Carpal Tunnel Syndrome.

Jan 6, 2006

By Bureau of Mines Staff

Coal research and related activities in 1964 by the Bureau of Mines resulted in many advances in the production, preparation, and utilization of this valuable natural resource. Mining research during the year was marked by work on hydraulic mining, coalbed degasification, mine drainage control, mine sealing, strip-mine rehabilitation, and quenching of mine-refuse fires. Bureau research continued to produce information leading to increased safety in underground mining. Such research included roof and rib control via bolting and bonding, pressure monitoring of coal and mine rock during mining operations, and development of safety devices for detecting conditions leading to roof falls. Other safety work was continued on methane detectors, coal-dust suppression, and mine venti lation equipment and techniques. Mine explosion and explosives research, mine equipment and materials, safety rule modernization, and safety education and training of mine workmen were continued. Coal storage and preparation work in 1964 ranged from freezeproofing of lignite for rail shipment, through washability studies of coals and washing equipment, to research on new ways to remove ash and sulfur from coal. Electric power production, which ,accounts for a major portion of the market for coal, received further study. Unique power generation systems, inc luding coal-burning gas turbine and megnetohydrodynamic generators, were intensively investigated. Conventional power systems were improved through continuation of work on furnace performance, powerplant stack gas purification, and engineering and boiler water service.

Jun 1, 1965

By Guillermo Turner-Saad

"Best practice in the economic evaluation of mining projects and operations is based on the integration of geological, mining, metallurgical, environmental, marketing, economic and corporate information and strategies. Fundamentally, the economic evaluation takes into account mining, blending, stockpiling, processing, smelting, refining and marketing ore resources with grades estimated by geostatistical methodologies.Nevertheless, a realistic economic evaluation consists of a concurrent and integrated optimization process that maximizes the concentrates or products of liberated and selected ore minerals from mineral deposits. The optimum solution is obtained through a trade-off among mining, blending, stockpiling and processing ore reserves with distinct mineralogy and texture characteristics. The concurrent optimization determines both the practical mining sequence of ore reserves and the dynamic and robust mineral processing flowsheet design over the expected life of mining projects and operations.A combined risk-adverse and concurrent optimization process takes into account the spatial uncertainty of the mineralogy and texture characteristics of ore reserves. Additionally, a variety of mineral processing linear, non-linear, additive and non-additive parameters modeled spatially. The spatial uncertainty of these ore reserves characteristics and parameters has a direct impact in the expected mining sequence, mineral processing flowsheet design, concentrates or products quantity and quality, and economic value of mining projects and operations.Geometallurgical domain constrained stochastic geostatistical methodologies and multivariate mathematical models are applied for spatial uncertainty modeling of ore reserves characteristics and parameters. These mathematical models correlate the mineral processing liberation and selectivity responses of the mineralogy and textures within each geometallurgical domain. These models, in turn, are defined based on results of mineral processing and environmental testwork of unbiased and representative samples chosen for their variability. These samples are selected within mutually exclusive spatial geometallurgical uncertainty domains with similar mineralogical and textural characteristics in mineral deposits.Geometallurgical domains are defined by applying and combining multivariate statistical analysis and implicit modeling methodologies. These involve determining and constraining mineral processing liberation and selectivity properties explicitly contained in the extensive and integrated exploration drillhole database."

Jan 1, 2010

By Nikolay Boykov

Subsurface imaging technologies are part of the electromagnetic (EM) geophysical methods. EM technologies such as radio imaging method (RIM), ground penetrating radar (GPR), and drill string radar (DSR) have great application potentials in the mining industry. However, the success for applying the EM methods to subsurface observations is largely dependant on the correct evaluation of the electrical properties (i.e., resistivity and dielectric constant) of the rocks in the domain of interest. The depth of penetration of the EM signal in coal, as well as the electrical contrast between coal and subsurface boundary rocks or anomalies, are critical parameters for any successful radar system. Based on the measured electrical properties of the coal seam, the proper operating frequency of the radar system must be chosen in order to successfully detect features such as the coal-roof rock boundary, dykes, and voids ahead of mining. The electrical properties of the rocks in a coal seam are frequency dependent. Even though there has been a great advancement in the hardware and data processing software in the past twenty years, there have not been many examinations of the high-frequency properties of coal measure rocks. In this paper, the laboratory setups, the testing procedure, and case studies will be presented for a wide spectrum of frequencies for coal measure rock samples collected from various US coal fields. Tests have been conducted to study the different conditions, including moisture content, that affect the EM properties.

Jan 1, 2006

By A. C. Johnson

This report describes exploration, development, and exploitation methods, and summarizes costs at the Stormy Day mine, which was discovered in 1941. Several shipments of tungsten ore were made in 1944 to the Metals Reserve Company, Salt Lake City, Utah. The purchase of tungsten by the Federal Government, which began in 1951, stimulated interest in tungsten, and a successful program of exploration with participation of the Defense Minerals Exploration Administration (DMEA) indicated enough ore to warrant development of the property. Development work comprised drifting, crosscutting, and raising. Shrinkage stoping was used for mining the ore. Operations were suspended in October 1956, when the Federal Government terminated its purchase program. Total production of the mine was approximately 20,000 tons of tungsten ore. INTRODUCTION This information circular is one of a series, prepared in cooperation with various mining companies and published by the Bureau of Mines, relating to methods and costs of equipping and developing mining properties in the United States.

Jan 1, 1958

By F. A. Rutledge, H. Marstraander, J. H. Hulbert, G. A. Apell

"INTRODUCTION The inability of Alaska coal mines to supply the quantity of coal required by public and private consumers and by the armed forces in Alaska caused the Coal Procurement Section of the Alaska Department, U. S. Army, to be established. It proposed to investigate the coal deposits and to expedite production of coal. The Bureau of Mines has closely cooperated in this program and was in direct charge of exploration. As to develop and equip an underground coal mine would have taken time and the need for coal was acute, a deposit that could be prepared for mining quickly was desirable. Several such deposits of stripping coal were known to occur in the Nenana field and were examined by the Bureau. One of these, the Diamond strip mine 4 miles west of Healy, was brought into production late in the fall of 1943. This mine was operated for the Army Coal Procurement Section by the C. F. Lytle Co. and the Green Construction Co.The Roth property, or Leasing Block No. 28, in the Healy Creek Valley offered the largest available tonnage of both stripping coal and total reserves. A program of exploration by the Bureau of Mines was inaugurated in 1943 and completed in 1944. Field parties of the Federal Geological Survey mapped the area had correlated the coal beds during the 1944 and 1945 summer seasons."

Nov 1, 1946

A study of the accessory opaque iron-titanium oxide minerals of the Oiles Complex, central Australia, was an Important complement to an investigation of the magnetic properties of the Complex. These minerals constitute no more than 10 per cent of the rocks sampled, and generally less than 1 per cent of the ultramafic rocks (&quot;magnetite&quot; concentrations were not sampled for magnetic investigation).Titanomagnetite is the main opaque mineral present, although ilmenite exsolution has been widely developed. High-temperature oxidation of these produced mainly titanohematite, pseudobrookite and rutile. Both exsolution and high-temperature oxidation developed along specific crystallographic directions (along {111}), and in Irregular patches. Low-temperature oxidation is generally not well-developed, indicating the small degree of weathering in the rocks sampled.Although the Oiles Complex is layered, no apparent overall preferred orientation of the iron-titanium oxide minerals was observed, other than crystallographically controlled alignment of very fine grains within pyroxene crystals. Other textural features of the opaque oxides are restricted to symplectic intergrowths mainly with the ferromagnesian silicates.

Jan 1, 1971

By S Thomson, G Rigby, J Norgard, D Wilkinson

Bulk explosives provide the energy to move a rock mass and reduce it to an optimal size (fragmentation). The intensity of energy needed depends on several factors including a customer’s geology and end objectives. An energy mapping tool has been developed to help customers to determine their bulk explosive needs based on these objectives.At one end of the energy map dealing with high-energy products, a new range of bulk explosives products for surface mining have been developed. With these products, it is possible to provide blast designs with up to nearly triple the relative bulk strength (RBS) of ANFO, and address primary focus areas for mining operations, including the reduction of drill and blast costs, improvements in production rates, better face advance through improved broken stock management, better drill productivity, improved milling efficiency and lower energy costs in surface mines.In this paper, field trial results from the first level of new high-energy products are presented. These products have an RBS 2.25 times that of ANFO. Industry variations of a smaller diameter (89 mm) pumped product for civil quarrying applications, and for large diameter (311 mm) hard-rock metalliferous mines are presented. For both cases, the run-of-mine fragmentation levels obtained with the new bulk explosives are contrasted with the fragmentation profile generated with the currently accepted product range applied in similar geological conditions. The new products show increased fragmentation across the measured size distribution, with reduction in P50 values of 20 and 37 per cent over the currently used product for the 311 mm and 89 mm diameter blastholes respectively.CITATION:Wilkinson, D, Rigby, G, Norgard, J and Thomson, S, 2015. Higher energy bulk explosives – matching products to rock types using an energy map concept, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 579–584 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By R. M. Tyler

The importance of the heavy mineral sands to southern African economic well-being cannot be over emphasized. The value of the worldwide titanium dioxide industry is estimated at $7 billion. Six out of eight of the world?s proposed new project areas are in southern and eastern Africa, and a seventh at Tamil Nadu in India is partly owned by a South African company, Kumba Resources. The HMS industry can be highly lucrative; its return on capital is the best in the mining industry. There are, however, problems, particularly in the smelting technology. The often considerable affect of mining on environmentally sensitive coastal dunes is also becoming increasingly important. The medium-to long-term demand for Ti-dioxide pigment and ceramic grade zircon appears very healthy. If, as predicted, the costs of producing titanium metal can be reduced, then there is huge potential for the metal. In summary, the HMS industry is an attractive one to be in, with good returns and generally manageable risks. New business opportunities and their economic implications for Africa are discussed.

Jan 1, 2004

In redesigning the cyanide plant at Mount Torrens, in conjunction with Mr. L. W. Grayson, the manager, several minor alterations were introduced in order to have the operations under thorough control, and these having proved serviceable may be of sufficient interest to merit a description here. The lixiviation vats, though only 8 feet in diameter, were retained, but the pipes leading away from the bottom were reduced from two inches to half-an-inch in diameter, and had a fall to the zinc boxes of about 4 feet. As these small pipes were completely filled by the solutions fiowing away from the vats, they exerted a suction equal to their fall and thus hastened the rate of flow, so that tailings containing a larger proportion of slimes could be treated than was possible where the larger pipes were used, as, there not being sufficient fiow of solution to keep the latter filled, no suction could be obtained with them. It was found that with&apos;most of the tailings treated a sufficient flow could be obtained from the half-inch pipes when the taps on, them were only one-third to half open. The lower end of each of these pipes was connected by means on indiarubber tubing with the sille hole of 11 in aspirator bottle, and to the mouth of this bottle a few feet of similar tubing was connected, so that the solutions coming through could be directed into either of the fixed tubes leading respectively to the waste water tank the strong solution zinc boxes or the weak solution zinc boxes.In working the vats, the following method was found to give good results. While filling the vats with tailings the taps were left open, so that the water might drain off into the waste water tank the surface of the tailings was carefully levelled. When the strong solution was run in at the top, the air contained in the interstices of the tailings was forced through the half-inch pipe at the bottom as a strong blast, instead of, as I believe js usual, escaping by means of channels formed by it through the tailings, and thus tending, it would appeal, to render the disposition of the tailings less even and to make.

By Kara A. Teacoach

Current regulations for fire suppression systems in underground coal mines to protect conveyor belt installations have been in place since the Coal Mine Health and Safety Act of 1969 was enacted. Over time, the coal conveyer equipment being used and ventilation conditions underground have changed significantly, particularly the width of the conveyor belts and the use of belt air at the face. The effect of these new conditions on the effectiveness of suppression systems during a fire is not known. The National Institute of Occupational Safety and Health (NIOSH) conducted a study to evaluate the effect of air velocity, water sprinkler activation temperature, and a limited water application time on the effectiveness of water sprinkler fire suppression systems to extinguish large-scale conveyor belt fires. The fire tests were conducted using both new and used 1.8-m-wide, fire-resistant rubber belt that met the Mine Safety and Health Administration (MSHA) flame resistant requirement specified in Title 30, Code of Federal Regulations, part 18, section 18.65 (also known as the 2G test). Tests were conducted using standard response sprinklers with activation temperatures of 68 °C and 141 °C at air velocities of 0.5 and 5.1 m/s. Two tests were conducted at both air velocities for each sprinkler activation temperature, one using a new belt and one with a used belt. The results showed that the suppression system was able to suppress the fires in ten minutes to the point that a miner could extinguish it with a fire hose. However, in several of the tests, the fire reestablished itself a few minutes after the sprinkler water supply was cut off and quickly grew out of control. This report discusses the large scale experimental configuration, the installation specifications of the fire suppression system, and the results and conclusions regarding the effect of air velocity, sprinkler activation temperature, and limited water application on the suppression system performance.

Jan 1, 2010

By Matthew N. Rubin

This report summarizes the work performed under USBM Contract No. H0155155. The purpose of this work was to obtain operational data on retrofit noise control treatments suitable for use in coal preparation plants. This data was obtained by evaluating the performance of four categories of noise control treatments which were installed in a commercial coal preparation plant. The four categories of treatments were resilient screen decks, resilient impact pads, chute liners, and curtains. The selection, installation and initial evaluation of the treatments was documented in the Volume I report issued in 1977. This Volume II report summarizes the results of the long-term evaluation of the original treatments, as well as some additional tests which were conducted on elastomer-clad (resilient) screen decks. This project demonstrated the feasibility of a number of retrofit noise control treatments, some of which also proved to be quite durable over the long term.

Jan 1, 1982

By Ghassan Skybey

Australian coal mines uses state of the art technology in coal rib reinforcement. This paper highlights the development over the past 15 years in coal rib support technology, along with the advantages and disadvantages of each system. It also outlines the current trend in using coal rib reinforcement in speeding up the dowels installation to improve the current low drivage rate. An innovative cuttable dowel is discussed which improves the drivage rate. This new dowel is self anchoring it uses no resin anchor it has a 5 tonnes (5.51 tons) anchor capacity and can be fully installed in approximately 10 seconds.

Jan 1, 1995

By C. Hutton

"SynopsisThe last commodities supercycle (2003 to 2011) was characterized by a belief in volume at any cost, where absolute output was deliberately prioritized over productivity considerations. This practice fuelled overoptimistic forecasting and planning, which in turn contributed to the economic crisis that followed. The sudden collapse of commodity prices has resulted in mining companies scrambling to find the right balance between optimizing current operations and preserving sufficient flexibility to grasp future opportunities. The runaway costs of building and operating mines have almost squeezed out profit margins, while lower ore grades are inflating production costs. Mining companies therefore need to look at the business with fresh eyes, and develop strategies to attract equity capital as traditional approaches are simply not working anymore. This is especially so in the context of a dwindling investor base that continues to demand greater returns, despite a significantly lower appetite for risk. This paper revisits the micro-economic concepts and demonstrates how pressure from shareholders to prioritize output contributed to spiralling costs and value destruction. Practical techniques are described to model cost curves to optimize a Mineral Resource endowment and address the need to rightbalance a business and preserve agility.IntroductionHenry Lazenby (2014) for the Mining Weekly writes, ‘Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found.’ One significant practice the mining industry had during the last commodities supercycle (2003 to 2011) was chasing volume at any cost; absolute output was deliberately prioritized over productivity considerations (Goldsmith, 2013). Lazenby contends that in the face of falling and volatile commodity prices, many mining majors ‘across all commodity groups are currently grappling with sagging profits and low company valuations. This is often regarded as the result of the were in pursuit of growing their output at all costs in a high commodity price environment.’ Lee Hodgkinson, KPMG’s Canadian mining industry leader and quoted by Lazenby, says that ‘mining companies are now trying to find the right balance between optimizing current operations and preserving their agility to grasp future opportunities. The runaway costs of building and operating mines have almost squeezed out profit margins [whilst] lower grades of ore are inflating production costs. Mining companies need to look at the business with fresh eyes, and develop strategies to attract equity capital as it seems clear that some of the traditional approaches to the mining business are simply not working anymore."

Jan 1, 2015

By N. Samman, S. N. Lau

"A series of new, grease-based, solvent free open gear lubricants were developed to meet the demanding service requirements of mining equipment. The use of these products has resulted in better performance under conditions of temperature extremes and in terms of longer component lives. They have gained widespread acceptance within the mining communities for such applications as the lubrication of mining shovels, draglines and ball mills.These products are WHMIS non-controlled and are environmentally acceptable. The benefits and advantages of using this type of product to lubricate mining equipment as well as the field evaluation and experience will be discussed."

Jan 1, 2002