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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 Ray Mason

Marathon PGM Corporation?s PGM-Cu Project in Northwestern Ontario (Figure 1.0) serves as a case study to describe the process involved in advancing a deposit from grass roots exploration to the completion of several feasibility studies and the parallel commencement of environmental permitting. Through the following examination of historical exploration activities, it is clear that these activities are directly related to economic stimulus, mostly measured by downturns in the mineral industry. Other factors that influence the success of exploration advancing to feasibility and new mine development includes the ownership of the mineral claims, which also changes under these economic influences and the crucial role of interactions between the Company, the Crown and First Nations. The Marathon PGM-Cu deposit is hosted within the Eastern Gabbro Series of the Proterozoic Coldwell Complex, which intrudes and bisects the much older Archean Schreiber-Hemlo Greenstone Belt. The sub-circular complex has a diameter of 25 km and a surface area of 580 km2 and is the largest alkaline intrusive complex in North America (Walker et al., 1993). Mineralization at the Marathon PGM-Cu deposit is part of a very large magmatic system that consists of at least three cross-cutting intrusive olivine gabbro units that comprise the Eastern Gabbro Series of the Coldwell Complex (Figure 3.2.4-3). In order of intrusion, the three gabbroic units consist of (1) Layered Gabbro Series, (2) Layered Magnetite Olivine Cumulate (LMOC) and (3) Two Duck Lake (TDL) Gabbro. The relative size and abundance of the gabbroic units decrease in the order Layered Gabbro Series>TDL Gabbro>>LMOC. Late quartz syenite and augite syenite dikes cut all of the gabbros but form a minor component of the intrusive assemblage.

May 1, 2010

By R. W. Boyle, W. Dyck

"Scientists throughout the world have observed radioactive disequilibrium in the uranium decay series. Radiometric and fluorometric determinations of U in plants from the Goldfields district and in sediments and rocks from the Beaverlodge district exhibit marked radioactive disequilibrium. The eU/U ratio in plants rooted in mineralized ground shifts from greater than unity to less than unity for those rooted in background soils. A similar shift is observed in the transition from rocks to stream sediments and to lake sediments in the Beaverlodge district.Results of a Rn-Ra-U survey of lake bottoms in the Key Lake district show that anomalous hydromorphic U from U mineralization is parallelled by anomalous Rn, even though there is much less Ra in the lake-bottom sediments than one would expect from the amount of U present. IntroductionDisequilibrium in the U decay series has been studied for many years and is observed in almost all surficial environments. Rosholt (1959) measured U, 234Pa, 23O'fh, 226Ra, 222Rn, and 210Pb in a large number of U ores and outlined six types of situations to explain disequilibrium. Davy (1974) outlines the geological significance of radioactive disequilibrium situations with respect to exploration. Levinson and Coetzee (1978) discuss possible mechanisms by which separations of parent and daughter elements are affected and suggest analytical pitfalls that may be encountered in the use of radiometric techniques when disequilibrium has occurred. Generally, it is the oxyphile and easily complexed parent 238U (with its associated isotopes 235 U and 234U) that is leached from rocks and soils at a faster rate than are the daughters, 230Th, 226Ra, 2loPb, and 206Pb. This mobilized U is adsorbed on sediments in streams and lakes, or enters groundwaters, where it is eventually precipitated under reducing conditions, occasionally in oregrade concentrations. This surface leaching and"

Jan 1, 1980

By Kurt D. Mitchell

"This paper discusses general application for A C variable frequency drives in the mining industry. A review of induction motors characteristics, adjustable frequency controller fundamentals, and three commonly used controllers is presented. General application guidelines for the three different types of controllers; variable voltage input , current source input and pulse width modulated are then reviewed in detail, and an example of the economic benefit of this technology is discussed. IntroductionSoon after static DC variable speed drives were well established in industry, a need for static AC variable speed drives was seen. The first technical papers describing possible systems appeared in the mid-1960s, with commercially available units arriving in the early 1970s. Without exception, static AC drives are substantially more complex than their DC counterparts, but they have some very desirable properties. As compared to DC motors, AC motors are less costly, physically smaller, more reliable, require less maintenance , easily sealed, have good load regulation, are able to run at higher operating voltages, and have little danger of over-speed runaway . These properties are particularly desirable in explosion-proof, submersible or difficult accessibility applications.Variable speed AC drives are now a proven technology. available in packages from Sub-horsepower to hundreds of horsepower, from 115VAC to 4160 VAC. This paper covers the principles of operation of three common types of controllers, application criteria, motor consideration and finally an example of how an AC variable speed drive can pay for itself in terms of energy savings."

Jan 1, 1986

By D. A. Beck

The load-deformation response of discontinuous rock under static and dynamic loading conditions has been simulated using Explicit Finite Element models. The intent of the analysis was to investigate the effects of specimen size and confining stress on strength, dilation and comminution. The simulations allow the development of homogenised constitutive material properties for discontinuous rock masses using laboratory scale measurements and representative Discrete Fracture Networks (DFNs). A procedure for this is presented which includes a comparison of measured seismic response in a mine to the Dissipated Plastic Energy (DPE) that is released in the simulated rock masses. The models also show how confinement and scale affect the stress-strain and DPE response of the simulated rock specimens, reproducing a number of known rock phenomena that are often poorly captured in geotechnical modelling. A case study is presented showing a satisfactory match between the model-derived, homogenised material properties and values achieved by calibration of a mine-scale model where many thousands of seismic, displacement and damage measurements were available.

May 1, 2009

By M. Ghiani, P. Carbini, R. Ciccu, C. Del Fà

"This paper is concerned with the problems inherent in the efficient and economical processing of the fine fractions of a coal from the Sulcis basin (Sardinia, Italy) whose characteristics are typical of low-rank coals occurring in the Mediterranean region. Three different techniques, based upon surface properties, are examined. Flotation can be very efficient from both a technical and economic point of view, provided care is taken in the modulation of the flotation pulp. Interesting results have been obtained with oil agglomeration and this method could be economically feasible. Finally, electrical separation has proven a viable technique, although it entails preliminary drying.Besides discussing the problems encountered in the experimental research, some significant results of general validity are also given. They demonstrate that cleaned products can be obtained with fairly interesting recoveries, thus opening the way to advanced research aimed at setting up the most suitable technique for industrial application. IntroductionAs a result of the oil crisis, which caused a major upset in world energy supplies, the last ten years have seen a revolution in the energy policies adopted.In particular, the status of coal, which seemed destined to decline in view of the availability of liquid fuel, has had to be re-examined. The need to meet energy demands under improved reliability conditions and controlled prices through a broader and more flexible diversification of sources of supply has evoked, especially in highly industrialized countries, a renewed interest in coal. The result has been a consistent increase in demand and production as well as investments in new mines and the reinforcement of the infrastructure.This turn of events has also lead to a re-evaluation of young low-rank coals, hitherto considered uneconomical and thus neglected, because of their low heat value. In fact these coals, which have a high ash content, may also be relatively highly contaminated with sulphur. The above drawbacks, which still today preclude the widespread use of these coals, are bound to create even greater problems in the future as increasingly restrictive environmental control imposes, without exception, recourse to cleaner fuels."

Jan 1, 1986

By J. M. Beeckmans, S. G. Butcher, M. Goransson

"The counter-current fluidized cascade is a novel and potentially efficient pneumatic gravity separation device. Data are presented on over 150 runs of cleaning Alberta thermal coals, covering several size ranges. The coarser sizes of coal were processed in admixture with a fluidizing medium consisting of 0.5-by 0.1-mm hematite (or magnetite) and limestone particles. The partition curves for coal particles larger than about 3 mm, mixed with fluidizing medium, showed that the sharpness of separation achievable with the cascade approaches that of wet heavy medium processes, whereas with particles in the size range of 3 by 0.6 mm the sharpness of separation was comparable to that of a Baum jig. Useful cleaning was also achieved with particles smaller than 0.6 mm , Throughput rates of up to 11 tonnes per metre width of cascade per hour were achieved, with no indication of a deterioration in performance.IntroductionPneumatic coal beneficiation has steadily lost ground vis-a-vis hydraulic beneficiation during the past quarter century, primarily because of the sharper separations achievable with the latter methods. Nevertheless, there are certain inherent advantages of pneumatic separation methods which would give them an advantage in the market place were it possible to increase their efficiency to be technically competitive with those of hydraulic processes. These advantages are a dry product, resulting in a higher calorific value per ton, and avoidance of the problems associated with treatment and storage of process waste waters. Also, although it may be necessary to dry the raw coal prior to pneumatic processing, the dry rejects produced constitute an ideal fuel for a fluidized-bed combustor, which could provide heat both for drying the coal and for other purposes."

Jan 1, 1982

By K. Swedburg, M. Samuels

"The expansion of the concentrator at New Gold’s New Afton copper-gold mine in British Columbia, Canada, completed in 2015, included an increase in the required retention time of the cleaning circuit. On site pilot testing of a Woodgrove Staged Flotation Reactor (SFR) had shown that a high grade copper concentrate would be produced with excellent recovery. The SFR was selected rather than conventional tank cell technology based on the much smaller footprint (which rendered a separate and expensive building extension unnecessary), high concentrate grades demonstrated in testing, and the lower energy requirement. Three SFRs, each capable of taking a nominal feed of 700 cubic meters per hour were installed and commissioned 10 months after the receipt of order. The SFRs operate in series and all of the cells produce a final concentrate typically grading 32% Cu, while the overall SFR stage recovery averages 55%. The tailings from the SFRs are treated in the original conventional three-stage cleaner circuit where the remaining values are recovered in a concentrate grading 28% Cu. Design production was achieved within days of the initial start-up of the SFR circuit.INTRODUCTIONThe New Afton concentrator, located near Kamloops, British Columbia, Canada processes a copper-gold ore with a designed head grade of 0.96% Cu, 0.72 g/tonne Au, and 2.22 g/t Ag.The New Afton Mine is a block cave mining operation. Ore is undercut from the bottom up and removed at the extraction level from a grid of draw points. Ore is trammed to the ore passes by underground loader and dropped to a haulage level for transport by trucks to the gyratory crusher. From the crusher, the ore is conveyed to the mill via a 4.5 kilometre long conveyor system. Block caving was chosen for the New Afton deposit because the underground infrastructure could be built below the historical open pit of the Afton Mine (a previous operation of Teck Resources) and this method is favorable to large-scale low-cost mining.The New Afton deposit is a copper-gold, alkalic porphyry system. Hypogene mineralization is characterized by discontinuous copper sulphide veinlets and disseminations, principally chalcopyrite and minor bornite, along with pyrite as the second most dominant sulphide. Gold particles vary in size from 5 µm to 40 µm and occur as native gold and electrum, associated mostly with the chalcopyrite grains and never with the pyrite. In some instances, a second alteration phase has resulted in the copper sulphides being replaced by tennantite-tetrahedrite locally and along faults that transect the mineralized body. The design head grade of arsenic is 244 PPM, although the presence of tennantite is inconsistent and can vary from trace levels to 15% of the total copper. No arsenopyrite is present in the hypogene ores. Supergene mineralization, consisting of native copper with accessory chalcocite occurs in minor amounts along faults and highly oxidized near-surface portions of the deposit."

Jan 1, 2016

By Charles Tkaczuk

Key issues ? Process control is a corporate function implemented locally. ? Security and documentation is mandatory requiring standard practices. ? Publish and communicate activities (do not re-invent the wheel). ? Payback metric system for all projects. ? Partnering with vendors based on experience, expertise and joint R&D. ? Focus on phased process control projects and distribution of costs. ? Integration of services and functions. ? Application of global standards. ? Big picture application thinking.

Apr 1, 2005

By Steve McMullan, Blaine Webster, Ian Johnson, Ron Matthews

"Time domain spectral Induced Polarization (IP) data from the Tower, Jojay and Laurel Lake gold deposits in northern Saskatchewan are presented. The resistivity data shows both resistivity lows (due to fault, shear or alteration zones) and resistivity highs (due to silicification) in the area of the deposits. The high resistivity zones suppress and distort coincident IP responses, calling f or high quality surveys and special care in interpreting the IP data.Electromagnetic methods are not effective in locating the deposits. This is due, in part, to masking by conductive cover. The Jojay Lake deposit has a strong magnetic response. A more indirect magnetic association is seen for the Tower Lake deposit. The Laurel Lake deposit has no magnetic signature. Magnetic data are useful in defining structure in all cases.All three deposits are outlined in the IP survey results. IP anomaly amplitudes from the pole-dipole array are from two times (Tower and Laurel Lak e) to six times (Jojay Lake) background values. Gradient array IP anomalies are of less amplitude. The spectral time constant is short for the Tower and Laurel Lak e deposits and long for the Jojay deposit. This implies that the metallic sulphides in the Jojay deposit are more interconnected than those of the other two deposits. INTRODUCTIONInduced polarization / resistivity surveys are commonly used in gold exploration program s in the Canadian shield because the IP method is effective in detecting disseminated metallic sulphides which are often found associated with gold. Other common geophysical sur vey methods such as magnetics, VLF and EM are not generally capable of direct detection of disseminated sulphides. Since the introduction of the IP method in the 1950s, it has undergone continuous improvement. The most recent improvement is the development of time domain receiver s which sample the full de cay and record it in digit al form. This results in a more complete measurement of the response which permits analysis and enhancement of data quality and the derivation of a nomaly parameters which characterize the measured decay. This extension of conventional time domain IP methods is called spectra l IP, a term first introduced by Pelton et al. working in the frequency domain Spectral IP surveys are attractive because they allow the possibility of discriminating between IP responses which have similar amplitudes but are due to dissimilar geo logic targets. The discrimination can be important in the selection of IP anomalies for follow-up.Time domain spectral IP survey results are presented over three known gold deposits in northern Saskatchewan-Tower Lake, Jojay Lake and Laurel Lake. The surveys were initiated and supported by Cameco-A Canadian Mining and Energy Corporation (formerly the Saskatchewan Mining and Development Corporation-SMDC) and were carried out by JVX Limited using the Scintrex IPR-II receiver and attendant spectral analysis software."

Jan 1, 1989

By Jae-Chun Lee, Sadia Ilyas

We investigate the technical feasibility of bioleaching of metals from low grade sulphidic ore. Experiments were conducted with an adapted consortium of Sulfobacillus thermosulfidooxidans and Thermoplasm acidophilum in batch bioreactors (1.5 L), small columns (10 kg ore load, 8 % S0 sludge) and large columns (80 kg ore load, 12 % S0 sludge). Approximately 83 % Ni, 85 % Cu, 55 % Fe and 81 % Zn was leached out in batch mode while 93 % Ni, 89 % Zn, 81 % Cu and 65 % Fe was leached out in column reactors. Bioleaching potential improved by acid pre-leaching, adaptation of microbial consortium and periodic bleeding of effluents.

Jan 1, 2014

By M. H. Moys, C. Bhondayi, Eric Tshibwabwa

"The relationship between froth bubble size as represented by intra-bubble impact distances (IID) and flotation performance is investigated. Experiments using an artificial ore comprising of limestone as the floatable component and silica as the gangue material were carried out in pseudo-steady-state circuit. A method to measure IIDs developed by Bhondayi and Moys (2014) was then used to measure froth bubble sizes as a function of froth height, superficial gas velocity and feed rate (pulp residence time). Samples for flotation performance evaluation were also taken. Results indicate that as froth height increases, the average IID values increase resulting in a decrease in limestone recovery while the grade increases. Increasing gas rate results in lower IID values that are accompanied by high recovery and low limestone grade. The effect of feed rate on both flotation performance and average IID values depended on froth depth and gas rate. Average IIDs largely remained the same at the two feed rates investigated.INTRODUCTIONIt is regarded as obvious that froth bubble size distribution (FBSD) will have an effect on plant grade and recovery. As the average FBSD decreases, the bubble surface area flux will increase making possible an increase in recovery and a decrease in grade. The opposite trend will be involved if average FBSD is increased. However: no method for measuring FBSD has been available, so these trends have not been studied in any detail. Bhondayi and Moys (2014) developed a novel technique to measure or estimate froth bubble sizes. Although they established a potential to use this method in understanding froth performance, no data have been presented to assess the correlation between the estimates of bubble sizes and actual flotation performance. In this work experiments are done to establish how the change in froth phase bubble sizes affect flotation performance. Flotation performance will be evaluated using recovery and grade. How water recovery to the concentrate changes with changes in bubble sizes will also be evaluated. It is known that water recovery is approximately inversely proportional to the square of the overflowing bubbles sizes. It will be interesting to establish how the rate of change of bubble sizes changes with water recovery."

Jan 1, 2016

By Jianzhong Liu

Based on the characteristics of overburden rock strata movement, surface ground subsidence and casing deformation and failure, a tension-shear combination failure model of surface borehole was set up. The main controlling factors of the mining-induced deformation and failure of surface borehole were researched with this failure model and the limit analysis method. The mining methods and geology conditions mechanics action mechanism to surface borehole and its time ?space evaluation rule was found. The surface borehole deformation and fracture rule were advanced. It provides theoretical support to optimizing layout, structure type, security measure and local casing protection of surface borehole.

Aug 1, 2013

By J. G. Peacey, G. Csicsovszki

The target of this study was to clarify the role of lead on the dissolution of gold in the (NH4)2S2O3-Cu leaching system via chronopotentiometry, linear sweep voltammetry and chronoamperometry. It was found that the dissolution of gold was significantly increased with lead concentration up to 10 mg/1 Pb in the system of 0.1 M (NH4)2S2O3 and 50 mg/1 Cu. \/oltammograms suggested that the anodic dissolution of gold was virtually independent of lead concentration in the range of 1-10 mg/1 in 0.1 M (NH4)2S2O3 solution while in solutions containing copper as well, addition of lead increased the anodic dissolution of gold.

Jan 1, 2011

By C. Schlumberger

INTRODUCTION The object of the present paper is to discuss, from a geological point of view, the practical results obtained by the authors with the method of the 'resistivity map of the subsoil' in the study of various mining problems. Some of the studies described date from 1920, 1922, and 1923. They are, therefore, quite old, at least as far as geophysical research is concerned (1). Others, on the contrary, are very recent (2). We shall deal only very briefly with the theoretical and technical sides of the processes employed. This paper has, essentially, a practical purpose, and it has seemed unnecessary to enter into a detailed discussion of the methods. Such a discussion cannot be presented without introducing ,quite. Complex considerations both of mathematics and experimental physics, which interest only the geophysicist: whose work is highly specialized.

Jan 1, 1931

?Introduction to the Delphi Group ?Why is carbon important to your organization ?Key elements of a carbon management strategy ?Inventory ?Risk & opportunity scan ?Mitigation options and financial mechanisms ?Identify targets and develop policy ?Communication and improvement ?Manage for success

May 1, 2009

By G. Avramovic-Cingara, H. J. McQueen

The microstructure of commercially pure aluminum was investigated by using polarized optical microscopy (POM), orientation imaging microscopy (OIM), and transmission electron microscopy (TEM) techniques. Specimens were deformed in torsion at 400°C and equivalent strain rate of 0.1 s-1, to various strains of 0.2, 0.5, 1, 4, and 6. The results indicate that POM can usefully reveal grain and subgrain structures over a large field in aluminum. TEM is most suitable to study dislocation substructure and evolution of subgrains. While TEM microscopy and OIM are capable of resolving individual subgrains, OIM can not reliably distinguish subgrains with small misorientations, particularly in samples with low strain. On the other hand, the OIM technique is very useful in the analysis of many regions surrounded by high, medium, and low angle boundaries (HAB, MAB, LAB). Various misorientation maps were studied using different data processing methods. The analysis revealed that the subgrain size is relatively insensitive to strain. The fraction of low LAB ( < 5°) decreased and HAB (>15°) increased conversely with increasing strain, whereas MAB (5-15°) remained stable. The development of an increasingly bimodal grain boundary misorientation distribution is consistent with the predominance of dynamic recovery (DRV) in the evolution of microstructure, combined with geometrical dynamic recrystallization (gDRX), now called grain-refining DRV.

Jan 1, 2006

By Bo-Hyun Kim

Outline ? Strainburst criteria and hypotheses adapted for this study. ? Influence of excavation method on rock mass properties. ? Excavation disturbance factors vs. deformation modulus, etc. ? Estimation of blasting damage zone around excavation. ? Considerations of energy on burst-prone ground. ? Literature review & closed form solution. ? Numerical simulations. ? Summary and future works.

Oct 1, 2010

To date, improved thickening of clay mineral dispersions presents major technological and environmental challenge to mining and mineral processing industry worldwide. Flocculant-assisted dewatering processes currently employed during thickening are far from being efficient, requiring further development and process optimisation for dramatic improvement. In this paper, recent studies carried out to modify (i) pulp chemistry, (ii) flocculation performance and (iii) particle interactions to significantly improve the dewatering behaviour of flocculated, model and plant smectite and kaolinite clay dispersions are presented. It is shown that pulp pH-mediated hydrolyzable metal ion hydrolysis and specific adsorption in tandem with high molecular weight flocculant and shear may synergistically act to significantly enhance the dewaterability of both clay mineral pulps. Furthermore, polymeric flocculant structure type is demonstrated to show clear links with floc shear sensitivity, and hence, flocculation performance and pulp dewaterability. The implications and relevance of the findings plant clay mineral waste tailings thickening operations are drawn.

Jan 1, 2006

By N. Haghdadi, D. M. Maijer, A. B. Phillion

B206 is a recently-developed high-strength Al-Cu casting alloy with reduced Ti and Fe, as compared to the well-known AA 206 alloy, for improved hot tearing resistance. In the current study, the solidification kinetics of this alloy as a function of cooling rate from 1 to 15 K/min were studied using differential scanning calorimetry (DSC) and microscopy. Specifically, the evolution in fraction solid, grain size, and secondary dendrite arm spacing have been characterized. The DSC results show the occurrence of three peaks during cooling from the liquid state, which are related to the formation of primary aluminum, a pre-eutectic intermetallic, and the eutectic phases. Thermal analysis also indicates that while the liquidus temperature is not sensitive to the cooling rate, the temperatures at which the pre-eutectic and eutectic phases form are strongly coupled to the rate of heat extraction. A decrease in the latter temperatures was observed when the rate of solidification was increased, leading to a lengthening of the freezing range of the primary phase. The results will be useful for improving B206 casting processes, specifically through modification of mould cooling conditions.

Jan 1, 2014