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Computerized financial models can be used in all phases of the mineral industry from setting exploration targets to projecting profit plans for producing mines. In this presentation, I will use the example of an exploration company entering a new district to trace the application of financial models through the following intermediate phases. 1. Hypothetical analysis and strategy 2. First encounter of mineralization 3. Preliminary drill results - decision process 4. Feasibility studies 5. Post-feasibility negotiations 6. Producing mine 7. Acquisition of producing mines or mineral properties. I will conclude with a brief discussion of the mechanics of the financial models that we use at Wright Engineers Limited. As we progress through the seven phases, the availability and accuracy of the data will parallel the complexity and application of the financial models. However, the same basic financial models are utilized throughout the seven phases. I will begin by suggesting that the exploration group is somewhat autonomous and has the mandate to explore in Western Canada.

Jan 1, 1979

By C. L. Emery

The geology and early history of the discovery of potash in Saskatchewan as described by Heber Cole (1) and R. V. Thompkins (2) has dealt with the distribution of the salt beds and their potash content. From the many bore holes through the Prairie Evaporites the outlines and contours of the series have been well established. The thickest section of the salt beds lies to the north of the "barren" area and forms a belt running easterly to a point west of Yorkton. The "barren" area is a region where the salt has been redissolved and the strata have slumped down, to fill the voids. This area is of interest from the standpoint of rock mechanics. The potash-rich beds extend both east and west of the region. mentioned and the top of the Prairie Evaporite is at a depth below 3200 feet from the surface near Saskatoon and dips southerly at an average rate of about five feet to ten feet per mile.

Jan 1, 1966

By Robert P. King

In April, 1975 the Colorado School of Mines began monitoring rock mass response associated with a long- wall shield demonstration project near Raton, New Mexico. This project was sponsored by the U. S. Bureau of Mines (DOE) and performed at Kaiser Steel Corporation's York Canyon Mine. Two of the results of the intensive instrumentation effort are the empirical subsidence and horizontal strain models presented herein. These models are based on data gathered during mining three adjacent longwall panels (4N, 5N and 6N). A total of 251 permanent surveying monuments were monitored over the three-panel area. Lines of monuments were oriented along panel centerlines, perpendicular to centerlines and diagonal (45O) to centerlines. Active monuments were monitored twice a week, with less frequent monitoring of stable or slow moving monuments. Primary subsidence monitoring equipment consisted of an AGA Geometer Model 75 and a Wild T-2 Theodolite with -a Wild-Sercel DI-3S distomat.

Jan 1, 1979

By S. N. McIntosh

Column bioleaching was evaluated by the U.S. Bureau of Mines as a means of recovering manganese from a low-grade ore from the Three Kids deposit in Southern Nevada. Manganese was solubilized from the ore using indigenous heterotrophic microorganisms. Diluted molasses medium was provided as nutrient for the microorganisms. The medium was recirculated through the ore bed until the sugars were spent. Two methods were evaluated to recover manganese from the sugar depleted bioleaching solution: (1) adsorption with a weak cation exchange resin followed by stripping and precipitation techniques, and (2) direct precipitation of the manganese using ammonium carbonate. Both methods removed up to 95 pct of the solubilized manganese from the medium as a carbonate salt. After manganese removal, the medium was replenished with fresh molasses and recycled back through the column. More manganese was effectively leached. This process of manganese solubilization and recovery followed by replenishment and recycling of the medium was repeated until 98 pct manganese was extracted from the ore.

Jan 1, 1993

By F. J. Chernosky

In the past, a number of papers have been written on the use of various reagents as coal flotation frothers. For the most part, these papers have attempted to correlate the intrinsic chemical and physical properties of the reagents or reagent groups to the floatability of various fine coals. Because of the type or nature of evaluations made, chemically pure reagents were normally used. Generally, these reagents are unavailable in commercial quantities. Therefore, the results obtained with these reagents were usually limited in usefulness to the plant operator or metallurgist. This paper presents the results of a study in which commercially available forms of various reagents were used as flotation frothers. Flotation procedures which would conform in general to those employed in a large number of commercial coal flotation plants were utilized. The objective of the test was to compare these reagents on yield-selectivity-cost basis, that is, (1) the yields obtained, (2) the ash levels obtained, and (3) the reagent cost relating to these results.

Jan 1, 1962

By Bee R. Waples

The Alimak Raise Method, using the Alimak Climber, has proven to be a new, fast, economical method of driving raises at the Iron King Branch of Shat-tuck Denn Mining Corporation, Humboldt, Arizona. In order to fully understand the advantages of the Alimak Raise Climber, it is necessary first to describe the basic machine; second, a complete cycle of a raise round; and third, the comparative speed and economy afforded the Iron King operation by using this new method of raise driving: The raise climber consists of a drilling platform that is raised and lowered by two 6.2 HP compressed air motors that drive, through roller chains and sprockets, three worm gears connected in series. These worm gears drive pinions which grip the guide rail rack. The worm gems are fitted with spring-loaded couplings so that a small rock or grit in the rack is passed over without disturbing the mesh between the rack and the other pinions.

Jan 1, 1961

By Oscar H. Lentz

During 1960, the controversy over percentage depletion reached the level of debate between presidential candidates. Nixon took the position that he would not tamper with the status quo in this matter. Kennedy took the position that he was willing to take a fresh look at the issues involved. Kennedy's position appears to have been based upon two premises: (1) new sources of federal revenue may be needed; and (2) current depletion rates, even if sound in principle, may be too high and, therefore, inequitable. The latter premise constitutes the basis for the claims that depletion allowances are simply "loopholes" of tax avoidance. Very probably the controversy over percentage depletion will remain in the political limelight during most of the coming decade. It is quite possible that the current depletion rates, at least those for oil and gas, will be reduced during this period. The aim of this paper is to isolate the complex causes of this mounting opposition to percentage depletion.

Jan 1, 1961

By P. Soros

Rich iron ore deposits were discovered during the 1960's in the mountain range of Serra dos Carajas, State of Para, Brazil, near the headwaters of the Tocantins River some 400 miles southwest from the state capital of Belem. (See Fig. 1 and 2). The key to the successful exploitation of this deposit was the development of an efficient an economical transportation system. The rugged terrain, and the dense tropical vegetation of the Amazonian jungle and the irregular coastline with its high tidal range presented severe obstacles to the planning and building of such system. Starting in 1972 extensive surveys and studies were carried out by Soros Associates on behalf of CVRD to determine the optimum way of transporting the ore from the mine site to the markets, most of which are located overseas. Overland transportation to the coast, loading into seagoing vessels and the ocean voyage to the ports of destination was treated as an integrated system in these studies.

Jan 1, 1986

By Hooman Askari-Nasab, AHLAM MAREMI, EUGENE BEN-AWUAH

In oil sands mining, tailings are voluminous unwanted by-products generated from extracting the desired mineral from the mined ore. Dyke construction and backfilling activities require well-managed techniques to facilitate progressive reclamation at the earliest opportunity. This directly affects the sustainability and profitability of the mining operation. This research introduces a goal programming framework that simultaneously optimizes the (1) production schedule with limited duration stockpiling and directional mining; (2) dyke construction schedule; (3) size, shape, and location of tailings-cells; and (4) mining and processing production targets. The results show that in creating in-pit tailings-cells designs, decreasing the mining-cells volume and increasing the number of mining-cells improve the net present value of the operation due to increased operational flexibility. The model generated a uniform schedule for ore and practical tailings-cells designs for backfilling activities. Integrating tailingscells optimization into oil sands mine planning and waste management ensures the efficient use of in-pit mined-out areas required for sustainable operations.

Apr 14, 2021

By A. S. Kastrinos

There are many concepts of preventative maintenance. The basic objective of all maintenance organization, however, is the efficient (accomplishment and control of all) inspection, repair, overhaul, material and preventative maintenance functions necessary to maintain facilities and equipment in a condition that will meet operating requirements at a level consistent with low costs and high availability. To formulate a preventative maintenance program requires sound judgment and the ability to apply in a practical manner a system that meets Plant operation requirements, based upon organization, experience, conditions, design and historical data. A maintenance program must be divided into to categories consisting of: 1. Scheduled tasks to be accomplished at planned intervals. The objective of these tasks is to maintain reliability and prevent as much as possible abnormal failures. 2. Non-scheduled tasks that result from periodic reports and which can be scheduled to fit in conveniently with other routine work. The non-scheduled work items may include long-range preparation for lenghty shutdowns requiring Engineering and Shop services.

Jan 1, 1975

By M. M. Fine

Development of a process for winning copper from pelletized chalcocite concentrate without matte smelting and converting is underway at the Twin Cities Metallurgy Research Center, Bureau of Mines. The new route from concentrate to metal includes 2-stage fluid-bed treatment; pelletized concentrate (33 percent Cu, 7 percent S) is first desulfurized (to about 0.5 percent S) in an oxidizing atmosphere, and in the second stage the calcine is metallized by reduction with hydrogen. Thereafter, the reduced product plus 10 percent CaO is routed to a smelting furnace to separate metallic copper from the gangue. Recovery and the Cu content of the product at this point are in the 97-98 percent range. The metal must be refined to remove sulfur and iron to make wirebar copper. An important feature of the process is the pelletizing of the fine concentrate into mini-pellets prior to fluid-bed treatment, which has permitted shorter reaction time, decreased dusting, and facilitated subsequent processing.

Jan 1, 1970

By W. G. Prast

Best known for its extensive bauxite and alumina exports, Jamaica also has a small but active industrial minerals sector. The island has for many years been a net exporter of small tonnages of gypsum, metallurgical-grade limestone and marble products. As bauxite and alumina earnings have declined the government of Jamaica has made extra efforts to promote growth of overseas sales of these nonmetallics. The nearby U.S. market is a natural first choice for new exports. Overview In 1984, Jamaica quarried an estimated 3.2 million cu m of marble and fill and an additional 3.5 million cu m of sand and gravel, for use in domestic construction. These amounts are in line with the production in earlier years of the 1980s but are not a factor in the export pattern and need not be considered further. Similarly, annual production of 15 million ton of silica sand for the manufacture of glass bottles is principally consumed by the domestic market.

Jan 1, 1986

The structure of a mine ventilation network (M.V.N.) can be represented graphically using either the mine plan (map) itself or a number of other types of diagrams. In the U.S., the two most common approaches are the line and the schematic diagrams (see Figures 1 and 2). The purpose of this paper is to introduce another type of diagram, called the canonical diagram (6). The method of M.V.N. representation which uses canonical diagrams is used extensively in Europe, and especially in Poland, where it was developed. The canonical diagram is a noncalibrated topological image of a ventilation system. It gives a simple representation of the ventilation network, allows for the classification of currents within it and enables rapid computer analysis and computation, as well as the representation of the results. It is especially useful in studying and controlling the air flow, and it may be a life saving tool in conducting rescue operations during and after mine fires.

Jan 1, 1986

By W. C. Hirt

Selective flocculation was used to produce superclean zinc concentrate with minimized silica contamination. Research was carried out on a flotation concentrate from the Jersey Miniere Zinc Company (JMZ) in Gordonsville, Tennessee. The material was first dispersed with sodium silicate and then causticized tapioca starch was used to selectively flocculate the sphalerite, leaving the silica in suspension. This technique has been applied commercially to iron ore beneficiation but has never been used for processing zinc. The feed material assayed 0.45% Si02. Use of 0.56 kg/tonne (1.13 lb/st) of sodium silicate and 0.070 kg/tonne (0.141 lb/st) of causticized tapioca starch resulted in 98.2% zinc recovery in a purified zinc concentrate assaying 66.0% Zn and 0.24% silica. The present target level for silica contamination in JMZ zinc concentrates is 0.3% Si02. This work has shown that selective flocculation offers a potential method for cleaning flotation concentrates, particularly where low silica products are required.

Jan 1, 1993

By A. Ardiant, C. E. F. Mumbunan, I. Irawan

As a part of mine operation’s success key, Community Development nowadays seems to be a rule of thumb. Not only is for a short term need of the company during their operation but also for the national public opinion on the presence of the mining industry to a certain region. Nanggung region which is only a 2-hour drive from Jakarta, brings the challenges to Antam’s gold mine business in the areas such as illegal miner presence, easy access to the mine area as it is very close to the community, and national political sensitivity considering its proximity to Jakarta. The company allocates about 3%of its total operational cost annually for Community Development pro-gram. The program is derived through SWOT analysis and broad involvement of all community components to assure that the allocated fund is addressed to the right place. In the year of 2002, the company has successfully established a conducive-relation with the community.

Jan 1, 2004

By Farzad Moradpouri, Kianoush Barani, M. R. Azadi

The aim of this paper is to assess the effect of microwave treatment on copper sulfide ore for ball milling and bed breakage. Liberation analysis of ground products in eight size fractions showed that microwave pretreatment liberated more chalcopyrite particles from the bed breakage product than the ball mill product. In bed breakage, microwave pretreatment caused a 2% increase in chalcopyrite liberation on average. Microwave pretreatment produces more elongated particles in ball milling and more rounded particles in bed breakage, respectively. Microwave pretreatment produces coarser chalcopyrite particles with a wide range of sizes. This effect is more significant in bed breakage compared with ball milling. Micro-flotation test results showed that in ball milling, treated and untreated materials have similar metallurgical performance and there is a little difference (1%) between the average Cu recovery values. However, in bed breakage, the average recovery for the treated materials is about 5% higher than the untreated materials.

Jul 8, 2021

By D. E. Ranta, M. W. Ganster, A. D. Ward

An ore zoning technique developed by Climax geologists during the past forty years has been used to contour drill-hole assay values on cross-sections for fourteen porphyry molybdenum deposits in western North America, including the Climax and Henderson orebodies. Detailed geological studies of these large, complex deposits are essential in determining ore controls, which are the factors most critical to the zoning of MoS2 and to conceptualizing geologic models. The technique provides a detailed representation of the size, shape, grade distribution, and geologic continuity of the individual deposits. It demands a disciplined approach and adheres to rigorous rules while maintaining flexibility for adaptation to widely varying geologic conditions. By defining the limits that guide and control manual, computer-assisted conventional, and geostatistical reserve estimates, it exerts a strong geologic influence on the estimation process. A combination of ore zoning and geostatistical analysis of molybdenum deposits produces a significantly more accurate, precise, and defendable geologic reserve estimate than other methods.

Jan 1, 1992

By Walfrid Been

There are no particular nor unique features of iron mining that are not shared in some degree by all mining ventures everywhere. There are, however, at least three problems that have acquired a special emphasis from a unique cause. That cause is the embarrassment of riches under which the industry is suffering. The most obvious' feature of iron mining today is the copious abundance of usable ore and its almost universal distribution over the face of the earth. By the term "usable ore" is meant ore that is amenable to reduction by the usual and conventional processes. Amidst this plenty, three problems become acutely emphasized: 1. The geographic location that will provide a mine with the best market opportunity. 2. The size of the orebody that will be required to' return the preproduction investment. 3. The geometry and configuration of the orebody that will permit quality control measures to be effectively executed.

Jan 1, 1964

By Elimame Elaloui, Kais Elghniji, Constantin Virlan, Aurel Pui, Chaima Ouled Amor

Separation and identification of minerals composing the Tunisian silica sands have been conducted by acid etching and hot filtration/sedimentation (HFS) without affecting the quartz component. It was found that the hot acid etching process is an effective method to separate quartz and clay minerals in the silica sand. The SEM micrographs of the silica sand show rough surface and some cracks with irregular shapes. The surface becomes clean and smooth after acid etching process. After chemical dissolution, the clay minerals were recovered by hot filtration following by sedimentation at low temperature. FT-IR, EDS maps, and secondary electron (SE) analyses of separated clay minerals reveal the presence of Fe2O3, montmorillonite, and kaolinite minerals. The LIBS analysis of clay minerals shows the presence of Al, Fe, Ca, Al, and Mg. The sequential etching process can be introduced in the purification methods as an effective way to separate quartz from clay minerals.

Jul 29, 2020

Sedimentation is used to clarify process effluents or to thicken process slurries. The sedimentation cycle of a suspension is presented as a settling curve. This curve is simply a plot of the height of the interface between the settled suspension and clear liquor versus time. Figure 1 shows a series of graduate cylinders which contain a suspension at various stages in its settling cycle. Cylinder 1 shows the suspension completely mixed at time zero. After a brief period of time (see cylinder 2), the suspension is observed to settle from its initial height Ho to height H1, leaving behind a volume of clear (or turbid) liquor, called the supernatant. The interface between the supernatant and suspension is termed the mud line. It is also possible to distinguish at the bottom of the cylinder a layer of sludge representing solids which have settled from the suspension. The interface between it and the suspension is called the sludge line. The sludge line moves upward in the cylinder.

Jan 1, 1992