Search Documents

By Donald W. Gentry

This section deals with one of the most fascinating aspects of mining the evaluation of mine investment opportunities. Be-fore proceeding further, it is important to clarify the meaning of some fundamental terms used frequently in the text. 6.0.1.1 Mine Valuation vs. Evaluation The words "valuation" and "evaluation" in a mining context are often used interchangeably. However, for the purposes of this section, a distinction is made between the two terms in accordance with commonly accepted practice. The word valuation in a mining project context has the rather narrow meaning of placing a dollar or other currency value on the worth of the project as a whole. In other words, the value of a mining project refers to a measure of the desirability of ownership of that property. As such, the major item of interest is, "what is the mine worth?," or `what is the value of the mine?" The value of a mining project may actually be determined in the marketplace at any specific point in time, or it may be estimated by one of several methods. The topic of mine valuation is discussed in more detail in Chapter 6.1. The word evaluation in a mining project context connotes the broader meaning of determining the numerical values of all

Jan 1, 2008

By Robert C. Hickman, Xavier B. Starnes

"The general location of the Kentucky, Fluorspar District and the Moore Hill fault area are shown in figure 1. An engineer3/ the Bureau of Mines visited the district in July 1942 and reported on the Moore Hill fault system. Subsequently the Bureau explored the Summers, Pepperbox, McCune, Eagle-Watson, Henry Watson, Davenport, Felix Tyner, and Eagle-Wring prop¬erties by core drilling. These properties and the principal faults are shown on figures 2 and 3.Collaboration of the Federal Geological Survey4/ was of great benefit, particularly in mapping the properties, determining the stratigraphy, and furnishing information on that and other geologic factors.Fluorite was noted as early as 1818 near Shawneetown in southern Illinois.5/ In 1835 an attempt was made to work deposit in Crittenden County, Kentucky, but interest centered chiefly upon the galena found with the fluorite. The first shipments of fluorspar from Kentucky wore made in 1373 from the Yandell mine of Crittendon County.6/ It is not known when the first work on the Moore Hill fault was done, but it seems probable that the Cullen-Eagle and Nancy Hanks were being ,worked in 1900. Gravel spar was found on the surface at the Two Brothers mine in 1904,7/ and the main shaft was started in 1914; work also began at .the Davenport in 1914, and in 1917 the Eagle-Watson was in production. A shaft was gunk on the Pepperbox in 1918, and in 1922 fluorspar was found and work was started on the Summers property. In 1924 work began at the McCune, Felix Tyner, Eagle-Wring, and probably the Hicks properties.No Good approximate record of production from each property on the Moore Hill fault system is obtainable, but an estimate based upon all data available is as follows:"

Sep 1, 1946

By M. Dotto, T. G. Joseph, M. Curley

"Equipment selection is a key decision in mine planning. Equipment size affects decisions from pit size to the total operation cost. Particularly when replacing haulage fleets for long-life surface mining operations, mining operations focus solely on haulage productivity. Road width and specifically ramp width are significantly affected by an increase in hauler size in terms of overall strip ratio through required highwall set-backs or sterilizing of lower ore access due to required overlying ramp fill structures. In addition, in light of ever increasing regulatory and reporting emissions requirements, bigger equipment may not translate into lower emissions per tonne moved. This study analyzes hauler-scale impacts on aspects not currently incorporated into conventional mine planning, including expansion of roads to accommodate larger equipment, road layer thickness variation depending on hauler size, and fuel consumption and emissions. Results indicate that such relationships have a large impact on cost. Therefore, an expanded consideration of the capacities of increasing equipment size in mine planning is highly recommended. ¦ KEYWORDS Equipment selection, Grade resistance (GR), Haul road, Haul truck, Mine planning, Payload, Rolling resistance (RR), Total resistance (TR) RÉSUMÉ La sélection du matériel est une décision importante dans l’aménagement des mines. La taille de l’équipement a une incidence sur la prise de décisions, depuis la taille de la fosse jusqu’aux coûts totaux des activités. L’exploitation minière se concentre uniquement sur la productivité des moyens de transport, particulièrement lorsqu’il s’agit de remplacer les parcs de camions de transport dans les exploitations à ciel ouvert à longue durée de vie. La largeur des routes, et spécifiquement la largeur des descenderies sont considérablement affectées par une augmentation de la taille des camions de transport en termes du coefficient global de recouvrement qui dépend de la taille requise des parois (si les descenderies sont agrandies, les parois devront être creusées de haut en bas afin d’agrandir la taille du fond de la fosse). Il faut aussi pouvoir procéder à l’excavation des gradins les plus profonds de la mine et ainsi préserver l’accès à cette zone, ce qui pourrait devenir difficile si la quantité de stériles utilisés pour la structure des descenderies augmente et s’ils occupent une trop grande partie du fond de la fosse. En outre, au vu des exigences de plus en plus strictes en matière de réglementation et de déclaration des émissions, un équipement plus volumineux ne sera pas nécessairement synonyme d’une réduction des émissions par tonne déplacée. Cette étude analyse l’incidence de la taille des camions de transport sur des aspects actuellement non intégrés dans l’aménagement classique des mines, notamment la création de routes permettant le passage d’un équipement plus volumineux, la variation de l’épaisseur de la couche d’asphalte des routes en fonction de la taille des camions de transport, ainsi que la consommation de carburant et les émissions. Les résultats indiquent que ces relations ont des répercussions importantes sur les coûts. Ainsi, on recommande d’accorder une attention accrue aux capacités d’augmentation de la taille de l’équipement dans l’aménagement des mines. ¦ MOTS CLÉS aménagement des mines, camion de transport, charge utile, résistance au roulement, résistance due aux rampes, résistance totale, route de transport, sélection du materielINTRODUCTION Over the past five decades, the mining industry has progressively attempted to increase production rates through the use of larger haulage equipment. Each new generation of mine is designed to operate with the most recent and often bigger equipment iteration, while older mines are re-evaluated to keep pace with upgraded mixed fleets. Whereas production gains are often realized with larger equipment, there are additional aspects to consider when evaluating the feasibility of mo"

Jan 1, 2019

By Arthur Matzick

[1-1 1y IilJLJ,I~X" K pl.rw~~ts rt1s11l s I'I.IIIII 1.c1sc.n rcnlb cind d(~\,elopmrnt rnr- ried oitt by tllc* Illll.cv111 of .\li~~css (111 rlrc. ~ns-c-o~l~l)i~s~io~l oil-sllnlr rcdorting proc-rss. 15ffrc~t.s of t l\t. 1)roc.cBss ra~~irtl~lrs, resi~lts of ~ILS altrl stinle distribu- lion stutlic~s, lrsls 011 sl1nlr I)III-~ ic.lt* sixit. :rl~tl o1hi11- cl~*ti~ils of tks )erimrntnl pro- pSnrns arc* (lisc-~rss*tl. l-~trii)~~~ ~IIIS~~~ZII.~ ~II[O~IIIII(~III~ 111111 pr111) \ CI~S ~s~ocinted ill^ 11~r relurti~bg 1)1-o(.e1ss ,~lso 111.c. i~~c~l~~tl~.tl. "~'~I~III~I~I iolls of tl~r rrtorting test c1:itn I~II(~ elct~tilwl oil rc~~overv [I[I\v I~~~~~I-IIIIIS for tl~c* (i-, 25-, IIIIC~ 150-ton-per- clay rrtorts, tin1.1 tl~-n\vings reirlt illK 10 1.c1to~t i11g .rc.li~ip~llr.~~t nre given. ]

Jan 1, 1966

By E. Chin

Although Japan is a major producer of crude steel, it is poor in industrial raw materials. This Bureau of fines report describes Japan's raw material needs for chromium, cobalt, manganese, nickel, and tungsten to produce ferroalloys and alloy steels. Japanese imports of these ores or metals by quantity and source are given for 1972-81, inclusive, to indicate (1) the changes in the consumption and supply pattern, and (2) the degree of Japan's dependence on foreign sources. This report also describes measures implemented by Japan to reduce the risk- of supply interruption, and discusses the possible implications of supply shortages.

Jan 1, 1983

By H. H. Einstein

This paper reviews how uncertainty has been dealt with over the past 40 years using the decision making cycle as a frame of reference. The review of the phases of this cycle, as applied to rockmechanics and rock engineering, namely characterization, performance analysis, updating and decision making shows that in each, progress has been made over the past 40 years, although most of the basic concepts existed already in the 1960’s. Characterization is the area in which the greatest scientific steps were taken, this phase and performance analysis also gained from the tremendously expanded computational capabilities which allow one to use both more complex and more practically oriented models. The greatest practical advance is without using any doubt in risk based decision making although its acceptance shows interesting differences between different professions. Dans l’article suivant on utilise le cycle de décision pour illustrer le développement du traitement des incertitudes en mécanique des roches et en construction en roche dans les quarante années passées. La revue des phases du cycle de décision montre qu’on a fait du progrès dans chaque phase du cycle de décision, c’est à dire dans la caractérisation, dans l’analyse et la prédiction du comportement, dans l’actualisation et dans l’acte de décision, même si les concepts fondamentaux existaient déjà dans les années 1960. Les plus grands avancements scientifiques se trouvent dans le domaine de la caractérisation tandis que l’analyse prédictive profitait du développement de l’informatique qui a mené à des modèles plus complexes mais aussi plus pratiques. Le plus grand progrès est sans doute dans le domaine de l’acte de décision sur la base des risques. Ce procédé est devenu assez commun même s’il y a encore des différences d’acceptation entre différentes professions. Im vorliegenden Artikel wird der Entscheidungszyklus gebraucht, um darzustellen wie sich derUmgang mit Unsicherheiten im Felsbau während der letzen 40 Jahre entwickelt hat. DerÜberblick über die Phasen des Entscheidungsprozesses zeigt, dass bei der Anwendung in derFelsmechanik und im Felsbau, in allen Phasen d.h. bei der Charakterisierung, bei der analytischenVorhersage, beim Aktualisieren und bei der Entscheidungsfindung Fortschritte gemacht wurden,obwohl die grundlegenden Konzepte bereits in den 1960er Jahren existierten. Im Gebiet derCharakterisierung gab es wohl die grössten wissenschaftlichen Entwicklungen, während dieanalytische Vorhersage vor allem von den Fortschritten der Informatik profitierte, welchekomplexere wie auch praktischere Modelle möglich machte. Der grösste Fortschritt ist ganz sicherin der Entscheidungsfindung zu beobachten, wo Risikobetrachtungen gang und gäbe sind, obwohlhier noch einige Unterschiede zwischen verschiedenen Berufsgattungen zu finden sind.

Jan 1, 2003

By Robert A. Clifton

This Bureau of Mines report discusses the mineralogy of zeolites, the properties that make them commercially valuable, the conditions of formation of both natural and synthetic zeolites, and present and potential markets.

Jan 1, 1987

By D. C. Peck, H. D. M. Cameron, N. M. Halden, L. S. Jobin-Bevans

Abstract-The late Archean Pipestone Lake anorthosite complex (PLAC) is a 0.9 x 17 km sill-like layered intrusion that is part of a suite of coeval megacrystic anorthosite bodies in the Cross Lake region, northwestern Superior Province. Exploration for Ti-V-Fe oxide mineralization and concurrent geological investigations have contributed to a greater understanding of the lithostratigraphy of the PLAC and its oxide mineralization. Mapping and drill core studies have established a laterally continuous igneous stratigraphy comprising six leucogabbro/anorthosite zones and three melagabbro/gabbro zones. Field evidence, including disrupted blocks of layered units, scour contacts, and size-graded and modally-graded layering, suggests younging towards both the northern and the central parts of the complex. A decrease in the anorthite content of the feldspars from An75 in the south to An30 in the north suggests that the magmas become more evolved to the north. Macrorhythmic layering and gross morphological features suggest that the PLAC crystallized from four major influxes of geochemically similar basaltic magmas. The paucity of magmatic erosional features in the PLAC indicates that layering developed in a relatively static magma chamber, so that in-situ crystallization processes are required to account for the observed petrologic diversity. Drilling has confirmed that a significant Ti- V-Fe resource is contained in two of the four discrete mineralized subzones in the PLAC. Textural evidence and the stratiform nature of the oxide-enriched subzones are consistent with a magmatic origin for the oxide mineralization.

Jan 1, 1997

By A B. Christie

Space-based synthetic aperture radar (SAR) data is becoming available over much of the world, includingNew Zealand. Radar imagery has a number of very advantageous features, including all-weather capability; it also has artifacts, such as layover, which require processing before these data may be used to best effect.   This paper gives an outline of SAR, details the image processing required, and discusses the use of the first New Zealand Japan Earth Resources-1 SAR data to aid geological mapping on the Coromandel Peninsula.

Jan 1, 1994

By H. Robert Ensminger

The Belizean economy registered a modest real growth of 1.3% during 1981. The gross domestic product (GDP), based on current prim was $121 million' with an inflation-rate of 10%. The country received $19 million in economic aid during 1981. In early 1981, Belize'e four commercial banks raised the interest on deposits to 15% in an effort to curb capital outflow. During 1981, the financial situation deteriorated somewhat, particularly the balance of payments. For the year the total value of imports exceeded exports by almost $38 million, while the Government continued to maintain a fairly free trade policy. Import duties and term averaged about 8% on essential item and 40% on nonessential ones.

Jan 1, 1983

By J. R. Kadambi, E. Kucukal, J. Furlan

"Hydrocyclones are used in various industrial applications, including mineral processing and tailings management, to separate or classify solid particles and/or liquid droplets from multiphase feed. The fluid flow in a hydrocyclone (used in mineral processing) was investigated numerically and experimentally using particle-image velocimetry (PIV) and refractive index matching techniques. Two turbulence models were used in the calculations: the k–? model and the Reynolds stress model. Particle image velocimetry measurements were taken at various spatial locations along the cyclone. Computational results were validated globally using pressure and flow-rate readings at the boundaries, and locally by comparing the PIV velocity-vector maps and profiles.RÉSUMÉ On utilise les hydrocyclones dans diverses applications industrielles, dont la minéralurgie et la gestion des résidus, pour séparer les particules solides et/ou les gouttelettes liquides de l’alimentation polyphasée, ou pour les classifier. Une étude numérique et expérimentale sur l’écoulement des fluides dans un hydrocyclone (dont on se sert en minéralurgie) a été menée à l’aide des techniques de vélocimétrie par images de particules (PIV, de l’anglais particle image velocimetry) et d’appariement des indices de réfraction. Deux modèles de turbulence ont été utilisés dans ces calculs, à savoir le modèle de turbulence k–? et le modèle aux tensions de Reynolds (RSM, de l’anglais Reynolds stress model). La valeur de la PIV a été mesurée à diverses positions spatiales le long du cyclone. Les résultats de ces calculs ont été validés globalement à l’aide de relevés des pressions et du coefficient d’écoulement d’une extrémité à l’autre de l’hydrocyclone, et localement à des coordonnées spatiales spécifiques en comparant les cartes et les profils du vecteur vitesse PIV."

Jan 1, 2017

By Jaan Kiusalaas

This report is a self-contained User Manual for a computer program called SPASID -- Subsidence Prediction and System Identification. The program has two primary functions: (i) Precalculation of ground movements due to underground mining operations using the influence function method; (ii) Computation of influence function and site parameters from measured displacements. SPASID is written in FORTRAN and consists of four modules: (i) Preprocessor Module that prepares and maintains surface and mine data bases; (ii) Subsidence Computation Module that predicts movements of the surface; (iii) System Identification Module which is used to calculate the optimal influence function parameters, and (iv) Postprocessor Module for generating graphic displays of subsidence data. The last module is somewhat machine dependent but has internal documentation to indicate potential changes. All of the modules may be run in either batch or interactive mode. The manual does not assume previous knowledge of the influence function method or programming competence.

Jan 1, 1983

By Dale R. Spangenberg

This Bureau of Mines Information Circular on phosphate is one of a series of minerals availability commodity directories. Nonconfidential information from the Minerals Availability Program data base covering 148 domestic and 103 foreign phosphate properties and deposits has been abstracted for use in this directory. Abstracts include applicable data on location, published reserves and resources, geology, mine and beneficiation systems, and operational information.

Jan 1, 1983

A mathematical model of a decision is represented by the table in Figure 4. The numbers in the matrix are a measure of the effectiveness of each alternate for an objective. In this case, it is the per cent of desired profit that is satisfied by each alternate for each objective. By adding all of the values in a row, we have a measure of which alternative is best for both objectives. However, if you think that alternate 1 is necessarily better than alternate 2, you are wrong. Why? Because the weight of the objectives may not be equal. It could just be that this plant can sell more than it can produce, so that the loss in profit represented by increased sales is more than twice as important as reductions in costs. (See Figure 5). In that case, let us weigh objective 1 as 30 per cent and objective 2 as 70 per cent. It must also be obvious that the sum of all the "objective weights" must equal 100 per cent. Now, by evaluating our alternates according to their weights. we find that alternate 2 is better than alternate

Jan 1, 1964

By AIME AIME

EDWIN W. KEMMERER, professor of international finance at Princeton, in a speech before a banking conference at Urbana, Ill., on Nov. 26, stated that the increase in the store of gold held by the United States is not so alarming as it appears on the surface. Excerpts from his address, as reported by The New York Times, follow: "It is significant . . . that the value of gold as expressed in its purchasing power in the United States during the last half-dozen years has been higher than at any other equivalent period since our records began 140 years ago. Our so-called 59-cent dollar today buys about 25 per cent more goods at wholesale than did our old dollar in the prosperous year 1926, and an ounce of gold will now buy considerably more than twice what it did then. This present high value of gold is one reason for its recent large production.

Jan 1, 1941

By H. Brodie Hicks

"THE REVIVAL of the Mayo mining camp, with particular reference to the activities of United Keno Hill Mines, Limited, has been one •of the more spectacular and also one of the most important of the post-war developments in the Canadian mining field. The geological location of the camp, coupled with other natural disadvantages, have in the past limited the mining area to small-scale, highgrading operations, but the post-war improvement in metal prices has now broadened the possibilities and has led to the considerable success achieved by United Keno Hill Mines, Limited, and the present boom-type development by a whole host of newcomers to the field.LocationYukon which has an area of 207,000 square miles, is showing ever increasing possibilities as a mineral source of great value and more and more attention is being focussed on the Territory. The accompanying generalized map (Figure 1) shows the main transportation routes and mining districts.The Mayo Mining District comprises roughly the eastern two thirds of Yukon Territory lying north of McMillan river and south of the Peel. The district was one of the first in the Territory in which placer gold was discovered, but the occurrences proved of minor importance. Other minerals reported include ores of tungsten, tin, antimony, and several other metals, but of primary importance have been the ores containing silver-lead-zinc-cadmium now being developed and mined in the Keno area. Similar ores have been found over a very considerable area, extending some 50 miles north, 15 miles east, 30 miles west, and 10 miles south of the townsite of Keno Hills, Keno City, a total area of 2,700 square miles."

Jan 1, 1952

By Julie Dénommé

Today few in business would argue with the idea that we are living in a world that is Volatile, Uncertain, Complex, and Ambiguous. Coined VUCA by the US Army War College, these four words define the ?turbulence? and ?continuous white water? that the business literature has been documenting for the last decade. This VUCA world became even more relevant to business in 2007 when the Institute for the Future fellow Bob Johansen published the idea of transforming VUCA into Vision, Understanding, Clarity, and Agility. We call this VUCA Prime (VUCA'), and place an infinity loop (8) between them to show their dynamic interaction. This paper presents an exploration of the impact of VUCA 8 VUCA' on business and the conditions under which these dynamic forces help to successfully navigate change.

Oct 1, 2010

By Donald W. Foss

The Shiloh Church deposit is a very significant molybdenum occurrence in an ususual, perhaps unique, geologic environment. Work done to date indicate that several million tons of "ore" may be present, occurring as a matrix in limestone and dolomite breccias. Mineralized rocks cored to date are at or near the surface and the deeper resource potential has not been tested. The prospect is located in Polk County, north- western Georgia (Fig. 1). The "ore zone" was outlined by North American Exploration, Inc. (NAE) using geochemical prospecting techniques. Extensive geological work, including core drilling, has been conducted on the properties, together with geochemical and geophysical surveys. The geology, geochemistry and geophysics of the prospect are discussed. It is hoped that these data can be used to formulate exploration programs in similar terranes located elsewhere in the eastern U.S.A.

Jan 1, 1983

(Members are urged to send in for this column any notes of interest concerning themselves or their fellow-members..) Members and guests who registered at institute headquarters during the period Dec. 10, 1915 to Jan. 10, 1916: A. R. Fletcher, Palo Alto, Cal. H. L. Hollis, Chicago, Ill. R. G. Hall,. St. Louis, Mo. Howland Bancroft, Denver, Colo. Walter E. Koch, Terlingua, Tex. G. D. B. Turner, Butte, Mont. George A. Macready, Searchlight, Nev. H. A. Wheeler, St. Louis, Mo. H. W. Edmondson, Concheno, Chili., Mex. George B. Rodgers, St. Francois, Mo. Arthur F. Taggart, New Haven, Conn. Paul S. King, Wilmington, Del. H. V. Winchell, Minneapolis, Minn. G. H. Clevenger, Palo Alto, Cal. Frank A. Ross, Spokane, Wash. J. W. Beard, Syracuse, N. Y. W. D. B. Motter, Jr., Benson Mines, N. Y. Albert De Deken, Louvain, Belgium. S. Le Fevre, Forest Glen, N. Y.. James H. Smith, Jr., Mount Carmel, Pa. E. H. Hamilton, formerly manager of the Virginia Smelting Co., West Norfolk, Va., has become consulting metallurgist to the Consolidated Mining and Smelting Co., of Canada, Ltd., Trail, British Columbia.

Jan 2, 1916

By W. N. Hoskins

This report covers the final results of a two-phase contract study conducted between July 1974 and October 1976. A comprehensive summary of the initial phase of the study is included. Phase I of the study involved the investigation and evaluation of all potential candidate underground systems for mining the deeper deposits of oil shale and associated minerals in the Piceance Creek basin of northwestern Colorado. Phase II called for the refinement and the detailed technical and economic analysis of the most promising system, or systems, thus disclosed. Of the several systems initially investigated and evaluated, four showed considerable merit for exploiting the deeper deposits: (1) chamber and pillar mining with spent shale backfill, (2) sublevel stoping with spent shale backfill, (3) sublevel stoping with full subsidence, and (4) block caving mining using LHD's. Final refinement and analysis of these four systems indicated their technical feasibility over at least part of the range of conditions expected in the deeper deposits. Their economic feasibility also was indicated under certain operating and market conditions. A variety of engineering, production, and cost information is provided on each of these systems.

Jan 1, 1976