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By Mary Ellen Bruce Large, Antonio Marinucci, Silas C. Nichols

Tip post-grouting of bored pile (drilled shaft) foundations refers to a method where cementitious grout is injected beneath the tip of a shaft to improve the overall performance of the constructed foundation. This technique, when performed satisfactorily and in the appropriate ground conditions, enhances axial load-displacement performance by improving the mobilization of pile’s resistance. Potential benefits associated with tip post-grouting include reduced settlement under loading, better alignment of load transfer curves, and improved ground beneath the base of the bored pile. However, to be able to realize the benefits attributed to this method, the design, construction, of both the bored pile and the post-grouting system must meet a minimum level for quality assurance. The various factors affecting the successful installation and performance of a bored pile (e.g., workmanship, base cleanliness, borehole integrity, and concrete placement) have been discussed by numerous practitioners and researchers in the available technical literature. For a conventional (i.e., ungrouted) bored pile, acceptance is based on a combination of visual inspection, material testing, and the results of integrity and/or performance testing of the constructed pile. A properly executed tip post-grouting program can be a relatively comprehensive and complex process, which is typically evaluated throughout the construction process based on the results of prior projects and/or on test pile(s) at the particular site. For tip post- grouting programs, verification procedures and acceptance criteria should be established during and incorporated into the design process to ensure design intent and objectives are achieved. Project specifications should be produced to ensure performance requirements are achieved. This paper will present and discuss factors affecting the successful execution of tip post-grouting, including grouting criteria, instrumentation, reliability and uncertainty with the method and outcome, and verification and acceptance. INTRODUCTION Constructing bored piles (drilled shafts) is increasingly more challenging given the lack of ideal site locations, tight project site confines, difficult or restricted access, greater demands on drilling equipment, and close proximity to adjacent structures. To evaluate the feasibility of bored piles as an appropriate foundation system, a myriad of factors is evaluated during design, including site conditions and constraints, budgeting and scheduling, reliability and risk exposure, presence of and depth to adequate load bearing soils/rock, and the magnitude of the imposed loading. Moreover, updated design codes increased load demand per element, and improved material strengths have led to more complex foundation designs, larger foundation elements, and significant increases in load magnitude. Monopile (monoshaft) foundations have been utilized where one large bored pile is used in lieu of a group of piles connected via a pile cap. In addition, to accommodate the design criteria, site conditions, and imposed loading, the geometry of the bored piles being designed and installed have been as large as 13 feet (4 m) or greater in diameter and to depths in excess of 260 feet (80 m).

Jan 1, 2018

By Forrest T. Moyer

Injury experience at coal mines and mechanical-cleaning plants (excluding officeworkers ) in 1967 was 222 fatal and 10,115 nonfatal disabling work injuries during an exposure time of 241.8 million man-hours. These injuries occurred at a frequency rate of 42-75 per million man-hours worked; the severity rate was 7,699 days lost or charged per million man-hours. Each of these general measures of injury experience was lower than similar data recorded for 1966. Employment at 6,885 coal mines and 569 mechanical-cleaning plants, excluding officeworkers, averaged 139,312 men in 1967. The average number of days worked was 220. Coal production totaled 560.8 million short tons, at rates of 2.32 tons per man-hour and 18.32 tons per man-day. A total of 2,779 onsite officeworkers at coal mines and mechanical- cleaning plants worked 5.2 million man-hours in 1967 without a disabling work injury.

Jan 1, 1972

By Roger J. Morrell

Bureau of Mines laboratory experiments with reduced scale cutter and cutter forces were performed to (1) define the fundamental relationships governing disk cutter performance and (2) to develop a method of predicting disk cutter performance in soft, medium, and hard rocks. The rock cutting experiments were performed in four igneous and metamorphic rocks that ranged in compressive strength from 38,000 to 67,000 psi. A special testing machine called a linear cutter apparatus (LCA) was used to load and traverse a free rolling disk cutter across a smooth rock surface. Each pass of the disk produced a single crater, and runs were spaced to avoid breakage between craters. During each run the normal and tangential cutter forces were measured and recorded. The soft and medium rock data were obtained from previous Bureau experiments with disk cutters. Crater depth, tangential cutter force, crater volume, specific energy versus normal cutter force, and crater width versus depth are defined within this study. With the use of standard physical properties, performance prediction equations were developed using stepwise linear regression analysis techniques. A method of using these prediction equations to calculate the boring rate, the cutter spacing, and the torque and energy requirements of a full-scale boring machine was also developed.

Jan 1, 1974

By Richard F. Hewlett

Engineers at the Bureau of Mines Denver Mining Research Center have been a research program investigating the theory and application of mine sampling. Part of this program is an investigation of the efficiency of sampling methods that involves development of sampling-method theory through simulating ore-deposit samples and assays, using - electronic digital computer. Theoretical developments are checked against actual ore-deposit sampling, assay, and production data by the commonly used polygonal and triangular methods of computing grade and tonnage of ore reserves. To speed the computing procedures, a program has been developed utilizing a medium-size digital computer for computing ore reserves by the polygonal method. This program calculates nine prismoids per minute at a total cost of $0.21 per prismoid. The complete program, written for an augmented IBM 650 computer, is described in detail; it can be used without change for computing ore reserves for a low-grade deposit. Modifications necessary to convert the program to compute ore reserves for virtually any other type of deposit or grouping of ore horizons also are given; however, the program is limited to using only vertical drill-hole data.

Jan 1, 1962

By C. T. Baroch

CESIUM-137 ISOTOPE began to displace cobalt-60 III the treatment of cancer during 1956. Production and Consumption.-Consumption of cesium and rubidium was approximately the same as in 1955. Production, however, decreased, as several companies shipped from stocks produced in previous years. South Africa was the source of most cesium and rubidium minerals used in the United States in 1956. Cesium and rubidium metals and compounds were produced from ore by: DeRewal International Rare Metals Co., Philadelphia, Pa.; Fairmont Chemical Co., Inc., Newark, N. J.; Foote Mineral Co., Philadelphia, Pa.; and Rocky Mountain Research, Inc., Denver, Colo. Most sales were to domestic consumers, but small quantities were exported to Australia, England, Germany, and Sweden. New production facilities were under construction in. 1956 by San Antonio Chemicals to produce mixed potassium, rubidium, and cesium carbonates. A plant capable of separating and packaging 200,000 curies of cesium-137 annually was under construction at Oak Ridge National Laboratory.6

Jan 1, 1958

Minerals are fundamental to the U.S. economy, contributing to the real gross domestic product (GDP) at several levels?mining, processing and manufacturing finished products. The estimated growth rate for the real GDP of the United States was 2.1 percent and the nominal GDP was about $13.8 trillion in 2007 (Table 1). The prime interest rate decreased to 7.25 percent in December from 8.25 percent at the beginning of 2007, reflecting actions taken by the Federal Reserve Board to counter financial difficulties surrounding subprime mort-gages. Delinquencies on subprime mortgages increased throughout the year, affecting not only the delinquent home owners but also financial instruments invested in mortgage-backed securities. The average contract mortgage rate for the purchase of previously occupied homes in the United States was 6.35 percent in November; a slight decrease from 6.37 percent in January but still greater than 5.34 percent reported in July 2003, the lowest rate in the past five years. With the tightening of credit, the seasonally adjusted annualized rate for new privately owned housing starts declined 27 percent from December 2006 to November 2007. The loss in the residential market was balanced by a 9-percent increase in nonresidential construction between January and August 2007, during which slight increases occurred in nearly all

Jan 1, 2008

By Kanchan K. Sen

The North Shore Connector (NSC) project will extend the Allegheny County Port Authority?s Light Rail Transit System from downtown Pittsburgh below the Allegheny River to the North Shore via twin bore tunnels. Jet grouting, diaphragm walls, and soil mixing were selected as cost-effective technically viable ground improvement and support of excavation techniques. Jet grouting was specified to provide break-out (egress) and break-in (ingress) block sections at the tunnel boring machine (TBM) launching and receiving pits. Jet grout treatment was also used adjacent to buildings with shallow foundations and below retaining walls along the tunnel alignment. A new method for measuring jet grout column diameter based on electrical resistivity was employed on the project. New equipment was introduced in the U.S for constructing soil mix temporary support of excavation using a soil-mix technique termed Cutter Soil Mixing (CSM) due to the use of two vertical cutting wheels that have evolved from diaphragm wall trench cutter technology. The system allows for continuous water tight soil mix panel construction including steel beams. This paper highlights some applications of jet grouting and various support of excavation systems (e.g. slurry walls, cement bentonite walls and CSM walls), including new innovative techniques (e.g. Cyljet and CSM) used under the constraints of an urban environment.

Jan 1, 2010

By Donald Leroux, Lori Lynn Smith, Robert Hutchison

"The grinding circuit of the Heath Steele concentrator was sampled under five different sets of operating conditions. The balanced results of the sampling campaigns were used to calibrate steady-state rod mill, ball mill and cyclone models using a commercial simulation software package (JKSimMet® ). Thirteen process variables had the potential to affect significantly the performance of the grinding circuit. Statistical-Design-of- Experiments techniques were applied to plan the suite of simulations in order to improve the quality of and minimize the time to find the optimal solution. The effect of each factor on three performance indices (the cyclone overflow size distribution, the circulating load and the cyclone underflow density) was modeled with empirical polynomial relationships using another software package (Design-Expert@)T. he conditions under which the cyclone overflow size distribution was maximized while respecting circulating load and cyclone density constraints were identified using these relationships. Among the most interesting results is the prediction of a set of conditions where the circuit target size distribution is achieved with only three ball mills instead of four.IntroductionProduction at the Heath Steele concentrator (near Miramichi, New Brunswick) started some 43 years ago at a rate of 750 t/d. The plant capacity was increased to 4000 t/d through successive expansion phases in the seventies (Sapiro, 1977; Johnston, 1978). However, as a result of depleting ore reserves, the plant throughput had to be gradually reduced to the current production rate of 2700 t/d. Heath Steele Mines currently have proven and probable reserves which would see it producing until the end of 1999 (Noranda Inc., 1997).An analysis of the grinding circuit of the Heath Steele concentrator was recently commissioned to identify opportunities for reducing operating costs while maintaining budgeted mill throughput and metallurgical performance. Since the plant will likely be operated below nominal capacity for the rest of its lifetime, the possibility of improving grinding efficiency by operating with fewer ball mills and/or crushers was contemplated."

Jan 1, 1999

By H. J. de Haan, L. Schenk

Scope for Thermal Recovery in Shell's Heavy Oil Fields in Venezuela The main heavy oil reservoirs on the East coast of Lake Maracaibo (Fig. I), known as "Bolivar Coast", initially contained some 20 billion bbl of oil in place with gravities in the range of 10 to 15° API. The current total production rate is about 400,000 B/D. Since the recovery to date is on an average only 12.5 percent of the initial oil in place, these fields offer a vast potential for secondary recovery methods. The reservoirs are characterized by moderate depth (generally 1,000 to 3,000 ft; maximum 5,000 ft), good formation properties such as net oil sand thickness (50 to 300 ft), high porosity (30 to 40 percent) permeability (1 to 3 darcies) and oil saturation (initially about 80 percent) and high oil viscosity (100 to 10,000 cp in situ), all of which are favorable for the application of thermal recovery processes. Since 1957, steam drive, steam "soak" and underground combustion have been tested or are being tested in this area.1-3 This paper deals with a major steam drive test in the Tia Juana field. The test was commenced in Sept., 1961, on the basis of encouraging results of laboratory experiments and pilot field tests, which will be discussed briefly. Early Laboratory Investigation of the Steam Drive Process In 1956 a series of model experiments was carried out in the Koninklijke/Shell Laboratorium, Amster- dam, to investigate the displacement of heavy oil by steam.' The prototype studied was a horizontal, un-consolidated heavy oil reservoir, subjected to a linear steam drive. The model, representing a slab from this reservoir along the main flow direction, consisted of a steel tube filled with oil-saturated sand, provided with layers of rock at the top and bottom to simulate conductive heat losses to cap and base rock. Lateral heat losses, perpendicular to the main flow direction, were minimized by insulating the sides of the model. Heat flow and viscosity and gravity forces were scaled by taking the steam injection rate and sand permeability inversely proportional to the geometric reduction factor of the model, and using materials (oil, steam, cap rock, etc.) identical with those of the prototype. The main feature of the process was a frontal displacement mechanism that was observed within wide ranges of injection pressure and rate, oil viscosity, initial oil saturation and sand permeability. The high stability of this front can be attributed to the high volumetric steam flow rates, combined with the reduction in oil viscosity. High recoveries were obtained due to the low residual oil saturation of about 15 percent in the zone swept by steam. The latter value pertains to the specific test conditions (heavy oil, uncon-solidated sand) and may be lower for light oil, due to the effects of steam distillation. The applicability of this experimental approach is limited, as it does not take into account the fact that

Jan 1, 1970

By H Arvidson, V Chamberlain, J Joughin, N Pollock, F Cessford, T Flitton, T Rowl

Environmental, social and governance issues (ESG) have become a defining feature in the marketplace to differentiate preferred investments. With the sustainability commitment and reporting landscape anticipated to evolve exponentially, it is now imperative to rapidly develop the approach taken by mineral companies to adequately identify and address ESG risks and opportunities in the reporting of Mineral Resource and Mineral Reserve (MRMR). MRMR cannot be effectively reported as technically and financially assured and realistically executable, if ESG is not integrated into the strategy, business model, input assumptions and process that defines and drives robust MRMR public reporting. Regulatory reporting codes across the globe are presently in various stages of being updated and modified to ensure ESG factors are appropriately covered as a key part of diligent and transparent disclosure. Security exchanges are making it clear that companies must not omit ESG risks from reports to investors. This paper discusses associated challenges for MRMR reporting and suggests avenues for improvement. Key themes include: the importance of procedure rather than prescription and checklists; how ESG criteria impact Modifying Factors and determination of Reasonable Prospects for Economic Extraction (RPEE); the need for financial models to account for material ESG commitments; the uniqueness of each mineral asset; the need for education, upskilling and accreditation of both ESG experts about MRMR reporting and equally Competent Persons in ESG matters; and the need for clear and balanced reports that meet the needs of end users. (RPEE is adopted here for simplicity and consistency, recognising that some reporting codes still include ‘Eventual’ in the term (ie RPEEE). Whilst RPEE and RPEEE are subtly different the intent is to point to the process of assessing ESG factors in determining reasonable prospects.) The principles of transparency, materiality and competence remain paramount when considering the impact of ESG matters on MRMR reporting, and this necessitates an inclusive, cohesive, and integrated approach to assessing ESG issues to ensure the necessary expertise and diligence is applied.

May 24, 2023

By Baha Abulnaga

Slurry pipelines are used in a number of countries to convey processed ore mixed with water over long distances from remote mine sites to ports or plants for further processing. In Egypt and Sudan, numerous mineral resources are scattered in remote areas. Through the years, Egyptian geologists have identified 268 sites for metallic ores and 386 sites for industrial nonmetallic minerals. A large portion of these sites are in the Eastern Desert in an area called the Nubian Shield. Similar sites are found in the Sudan where mining contributes to less than 1 percent of the gross domestic product (GDP). There are three important components of infrastructure needed to develop these resources ? power, water and transportation. While Egypt is able to satisfy 70 percent of its needs in iron ore from the Gadideh Mine in the Western Desert, it needs to expand its other resources to reduce imports heavily sedimented. Dredging of these sediments and transporting them by slurry pipelines would enhance an industry of bricks or agricultural development based on tailings technology often used in mining. This article explores the potential for slurry technology for opening new mines in the desert or recuperating the sediments of the Nile. The technology by itself would be new to both countries and would benefit from collaboration, particularly to de-silt the Nasser-Nubia Lake.

Jan 3, 2010

By J. Bélanger, B. Semlali, M. Grenon

RÉSUMÉ La conception des fosses ainsi que l'évaluation des ressources géologiques et des réserves minières sont désormais réalisées entièrement à l'aide d'outils informatiques spécialisés. Cependant, plusieurs analyses, pourtant essentielles à l'évaluation de la viabilité du projet, sont réalisées en parallèle sans véritable optimisation ni synergie avec l'ensemble des données disponibles. Cet article présente deux approches permettant d'intégrer certains types d'analyses aux modèles de blocs miniers. Ces approches permettent de quantifier la broyabilité du massif rocheux ainsi que d'étudier la stabilité des pentes minières à même les outils d'optimisation et de planification minières. Cette méthode permet dès l'étude de faisabilité d'un projet minier de maximiser les données disponibles, menant ainsi à une approche plus intégrée en conception minière. De plus, ces approches sont flexibles et permettent d'évaluer rapidement plusieurs scénarios, tout en laissant la possibilité de bonifier le modèle et de revoir la conception tout au long du projet minier.

Jan 1, 2010

By J L. Maule, S J. Mathews, K A. Rodgers

Gold and Silver bearing epithermal veins of the Golden Cross deposit are hosted in Miocene and Pliocene calc-alkaline volcanics occurring 8 km northwest of Waihi at the southern extent of the Coromandel Peninsula, North Island, New Zealand. Veining occurred during a period of hydrothermal activity that began early to late Pliocene, and possibly continued into the Pleistocene.   Field relations and petrographic relationships reveal that multiple generations of FeS2 occur in the Golden Cross region, with FeS2 occurring in all nine rock types recognised at Golden Cross. The variability of FeS2 morphology was investigated by preparation of high purity FeS2 separates, and grain counting. Marcasite is the dominant FeS2 phase at Golden Cross, and along with pyrite is shown to have a systematic habit variation. Pyrite shows a sequence from cubes through octahedra to pyritohedra to dendritic growth. This pyrite sequence conforms to an experimentally determined sequence. The parallel sequence for marcasite at Golden Cross is from tabular through bladed aggregates to euhedral miscellaneous marcasite morphologies. The FeS2 sequences observed are believed to be due to increasing temperature, and perhaps also increasing FeS2-oversaturation and fluid flow.

Jan 1, 1994

By S Henderson

The Thames gold-silver deposits are part of the Hauraki goldfield, situated within the Miocene to Pliocene calc-alkaline Coromandel Volcanic Zone (CVZ). The Waitangi vein system is one of the mineralised ore shoots in the Thames district. The Thames gold deposits are characterised by shallow level epithermal vein mineralisation with phyllic to advanced argillic alteration assemblages and abundant sulphide minerals including pyrite, arsenopyrite, chalcopyrite, galena and sphalerite. Gold occurs as electrum in association with sulphide minerals. Microprobe analyses.of sphalerite grains from the Waitangi deposit mostly range from 0.8 to 1.5 mole % FeS, although one sample contains 9.5 mole % FeS. Arsenopyrite from Waitangi yields a range from 33.1 to 34.6 atomic As (%). There is no discernible correlation between the FeS content of sphalerite and gold grade in the Waitangi deposit suggesting that gold deposition is probably not controlled by changes in temperature and activity of sulphur aS2 that control the FeS content of sphalerite. The possible causes for gold deposition are thought to be boiling, mixing and changes in pH. Sulphur isotope analyses of mixed sphalerite-galena and sphalerite-galena-ehalcopyrite samples yield a narrow range of d34SCDT values (-1.0 to 0.9 ë;n=5), whereas late spongy pyrite gives unusually light sulphur isotope values (-16.7 to -27.9 ë; n=4). The sulphur isotopic values of base metal sulphides from Waitangi suggest that the sulphur was derived from a magmatic source. However, the source of light sulphur in the late pyrite grains is not known. Preliminary fluid inclusion+studies indicate homogenisation temperatures between 173¦ and 284¦C and salinities of 0.23.0 NaCI equiv. wt % (uncorrected for C02). Vein quartz at Waitangi yields d18OSMOW values from 6.8 to 12.7 ë (n=23). The calculated oxygen isotopic composition of ore fluids is between -2.1 to 3.8 ë at 250¦C and -0.1-5.8 ë at 300¦C. Oxygen isotope analyses have revealed significant variations in d18O values with elevation and gold grades. Zones of gold enrichment coincide with a zone of variable oxygen isotope values at the top of the vein system, where boiling and/or fluid mixing most likely occurred. Oxygen isotope values varying with gold grades within the Waitangi conduits suggest that d18O values may be useful in targeting bonanza grade gold mineralisation in epithermal vein systems.

Jan 1, 1993

Behaviour of Bubble Clusters in a Turbulent Flow

Sep 13, 2010

By N. Singh

Merensky Reef is mined extensively within the Bushveld Complex. In previously mined-out areas on the Merensky Reef horizon there are pillars, potholes and remnants that have not been mined. These unmined blocks of ground on the Merensky Reef horizon can influence the mining of the underlying UG2 Reef. The extent of the influence will depend on the size of unmined ground and the middling between the two reef horizons. This paper quantifies the influence of partially extracted Merensky Reef on mining of the UG2 Reef, and aims to provide recommendations for mining strategies, as well as regional and local support to achieve efficient and safe extraction of the UG2 Reef, for various middlings beneath the Merensky Reef horizon. In some cases it was found that relatively shallow UG2 Reef mining could encounter conditions similar to those experienced in deep and ultra-deep mining environments.

Jan 1, 2005

By C Placzek, E Beattie, K Blake

Channel iron deposits (CID) consist of ferruginous chemical sediments, and are an unusual subset of Phanerozoic ooidal ironstone deposits almost unique to the Pilbara, where they constitute around 19 per cent of the Pilbara’s iron ore exports. These deposits occupy many of the ancestral river channels of the Pilbara region, especially the Robe River palaeochannels, incising and meandering through the Precambrian banded iron formations (BIF) of the Hamersley Group and the underlying Fortescue Volcanics.This paper explores the factors underlying geochemical variation in CID, particularly the chemical properties of goethite. The selected deposits in the western Robe palaeochannel and its tributaries show little or no secondary reworking by later water tables. There is a total absence of aluminosilicate clays with all the deleterious elements such as aluminium and silica. Instead, these are associated with the goethite mineral lattice, either within or adsorbed to the cortices of pelletoids.A thickly vegetated environment, and the presence of the Maddina Volcanics as potential source rocks for these western Robe CID is offered as an explanation for relatively high aluminium in the deposits studied, and, in turn, as the reason most parts of the palaeochannel are preserved as inverted topography.CITATION:Beattie, E, Placzek, C and Blake, K, 2017. Dirty goethite – a geochemical characterisation of some western Robe River channel iron deposits, in Proceedings Iron Ore 2017, pp 489–502 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By C. P. Bowie, George L. Gates

"INTRODUCTION Experience in drilling oil and gas wells has shown that the voidance of blow-outs, twist-offs, fishing jobs, loss of circulation, and heaving and caving of shale formations into the drill hole depends largely on how well the drilling-mud fluid serves its purpose. A possible method for the control of the drilling fluids may be seen from a study of the relation between the particle-size distribution and some of the important drilling-fluid properties, such as the ability to build quickly a relatively impervious mud sheath on the wall of the hole in the porous formations penetrated by the bit during drilling operations. In a wartime economy, which urgently requires conservation of steel, proper functioning of the drilling fluid is particularly important because, as Parks 4/ has stated, intelligent use of good drilling fluids makes possible drilling of wells for thousands of feet in open holes without the necessity of setting protective strings of casing to control the movement of salt water, gas, and troublesome formations into the borehole; consequently, especially in deep wells, of proper drilling fluids materially reduces the need for casing and lowers the cost of drilling and completing the wells."

May 1, 1942

By David C. Kraft

A major manufacturer and user of machine tools had the need to install a screw press machine at its plant site with the following design load requirements: (1) Vertical Compression Live Load = 2000 kip (8896 kN) and Dead Load = 1000 kip (4448 kN), (2) Rotational Moment = 6600 ft-kip (8950 kN'm). The screw press machine was to be located within an existing manufacturing building. The bottom of the footing base was located 15 ft (4.6 m) below existing floor slab. A geotechnical investigation of the site indicated a 17 ft (5.2 m) thick initial stratum of stiff to very stiff clay underlain by a 14 ft (4.3 m) thick stratum of loose to medium dense sand. Beneath the sand stratum was soft rock described as weathered shale. Obvious concern was raised on the possible effects of the dynamic motion of the screw press and potential resulting settlement within the loose sand stratum. This combination of large loads and dynamic motion resulted in the selection of a helical pile and tieback system to support the concrete foundation. The helical pile foundation system consisted of a group of vertical helical piles installed into the shale rock and a group of inclined helical tiebacks set into the remaining portion of the clay stratum. Four load tests were conducted on the vertical helical piles in order to establish compression load capacity. The results of these load tests as reported herein, led to the addition of a limited number of tubular steel push piles in order to meet the project required Factor of Safety on the design loads. All of the helical piles, push piles and inclined helical tiebacks were successfully installed and the screw press is now installed and operational.

Jan 1, 2003

By Andrew Bamber

Between the early 20th Century and the present, the production of mined copper ore has increased from tens of millions of tonnes per annum to several billion tonnes per annum, an unprecedented increase. Contemporaneously, the average grade of mined copper ore has declined from over 2% to approximately 0.5%. Again, in parallel, the price of copper has increased dramatically to reflect the increasing cost of extracting and beneficiating such large amounts of low-grade ore. Within the period the copper price however exhibited several periods of intense volatility, driven by interrelationships between demand and supply, themselves strongly driven by periodic industry developments in the fields of exploration, ore extraction, mineral processing and extractive metallurgy. It is notable that these periods of intense innovation exhibit a strong correlation to preceding periods of price, demand or production volatility. This paper examines key trends in each theme between 1900 and 2018 and draws strong conclusions as to the interrelationship between them. INTRODUCTION The production of copper metal has increased from around half a million tonnes per annum to over fifteen million tonnes per annum over the course of the 20th Century. Contemporaneously, the average grade of copper ore mined has declined from over 2% to approximately 0.5% copper by weight. As a result, the volume of Run-of-Mine (ROM) copper ore required has increased from around ten million tonnes per annum to over a five billion tonnes per annum over the period, an unprecedented increase. The adage is that demand drives supply, that prices rise in times of high demand and/or short supply, and that prices fall when supply catches up with demand. The market sellers in biblical times knew this well; mediaeval market sellers equally. Dutch tulip sellers in the 1600’s experienced both in extremis — much to their dismay — and the great industrialists and early capitalists of the industrial revolution knew this also. Mining recently went through a cycle where investors and producers both believed that the “old” rules did not apply any more and that the industry was in a “supercycle” where prices would continue to rise on the back of increasing demand. However, as the GFC of 2008–2011 showed, this was not to be. Another adage says that we constantly innovate to lower costs of production. Is this true? Do we only innovate to lower cost? Has the true cost of producing copper actually gone down over the century? Or are there other balancing forces at play? Herb Kellogg, in his Centenary address to the American Institute of Mining Engineers (now SME), categorized two types of innovation: ‘Bigger and Better’, and ‘New Process’ (Kellogg, 1970). ‘Bigger and Better’ allows increased production at presumably lower cost; ‘New Process’ supports the same result at presumably the same scale, but at significantly enhanced efficiencies and (therefore) lower cost. It is suggested that both types of innovation are constantly and interchangeably required to achieve the kind of scale-up, at achievable operating and capital cost that the industry has achieved over the period. What can be shown, over this last Century and a bit, is that supply and demand are indeed inextricably linked, price and demand are linked, but so are price and cost of production. And the innovation required to sustain that weaves in between them all, cost-effectively increasing production capacity or lowering the cost of production at the same throughput, and sometimes both.

Jan 1, 2019