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By A A. Ndiaye, A Galli

In a companion paper on current hedging practices in the mining industry (Armstrong et al, 2009) we showed that contrary to popular belief, mining groups are still using financial derivatives to hedge against foreign exchange risk and interest rate risk, and more recently against adverse changes in energy prices, notably the oil price. This paper presents a case study on a hypothetical gold mine to illustrate the impact that hedging policies could have on its profitability by reducing the downside risk due to adverse changes in the exchange rate and increases in fuel prices. The characteristics of the hypothetical mine have been set to reproduce those of a real gold deposit, the Kisladag mine that is currently being exploited by open pit methods in Turkey. This mine was selected because its feasibility study was available to the public. Geostatistical simulations are used to reproduce the inherent uncertainty on the recoverable reserves û stochastic simulations are used to generate the variability of the other three key sources of uncertainty: the gold price, the cost of energy and the exchange rate. A simple strategy based on straightforward vanilla options (puts and calls) was developed for hedging the last two risks, on the assumption that the company sells its production at the prevailing spot price.

Jan 1, 2009

By Basem Sh. Hazzan

In the last four decades significant effort has been devoted to designing piles in expansive clay soils. Nevertheless, only a scant effort has been devoted to the elimination of heave forces acting on the upper part of lightly loaded piles. For this purpose, an investigation site was established in Karmiel in Northern Israel. On this site sixteen unloaded cast-in-situ piles, both uncoated and coated, were installed in a moderately expansive clay soil in the end of summer 1996. The piles were executed to different depths ranging between 2m and 7m and were observed over a period of 27 months. Another nine unloaded cast-in-situ bored piles were installed at the end of summer 1998 for carrying out pullout tests. These piles were embedded two meters from the ground surface. Results obtained from observations and from full-scale static pull out tests showed that separating the piles from the surrounding clay in the active zone by a twin walled sleeve eliminated the heave forces significantly. The scope of the work is, determining of the elimination degree of the heave forces due to the provision of the above sleeve.

Jan 1, 1999

Accurately estimating load distributions and ground responses around underground openings play a significant role in the safety of the operations in underground mines. Adequately designing pillars and other support measures relies highly on the accurate assessment of the loads that will be carried by them, as well as the load-bearing capacities of the supports. There are various methods that can be used to approximate mining-induced loads in stratified rock masses to be used in pillar design. The empirical methods are based on equations derived from large databases of various case studies. They are implemented in government-approved design tools and are widely used. There are also analytical and numerical techniques used for more detailed analysis of the induced loads. In this study, two different longwall mines with different panel width-to-depth ratios are analyzed using different methods. The empirical method used in the analysis is the square decay stress function that uses the abutment angle concept, implemented in pillar design software developed by the National Institute for Occupational Safety and Health (NIOSH). The first numerical method used in the analysis is a displacement-discontinuity (DD) variation of the boundaryelement method, LaModel, which utilizes the laminated overburden model (Heasley, 1998).

Jan 7, 2020

By experience we know about the natural event of ocean-tides. In geophysics we say that the earth-tides phenomenon is the elastico-viscous response of the earth's body to the attraction potential of moon and sun. By the fact that the tides on the planet take place in a regular periodic frequency, due to the earth rotation of 24 houres for one cycle, the rotation of the moon in about 28 days around the earth and finally to the rotation of the earth-moon combination around the sun in 365 days this phenomenon is a very important one in geophysics. The exact calculation of the acting forces is possible and the comparison of the earth's body response to these forces as well.

Jan 1, 1987

By McLean E. J

Background The resources of the Gippsland Basin include not only the coal and oil for which it is well known, but also the tourism resource and the quality of life which it offers its residents and visitors. To manage this group of resources requires an understanding and ability to predict the consequences of possible developments. The water of the streams and estuaries as a key component as it is both a resource and the means for transporting wastes from one area to another. To aid in the resource planning process there is a need for models of the estuarine hydraulic processes. This paper describes an appropriate modelling technique. Resource use conflicts may arise from developments in the catchment upstream of the estuarine reach. For example the diversion of water for domestic and industrial use will change the velocity and salinity structure of the downstream estuary. In turn these changes will affect sediment distribution and deposition patterns and may impose stress on the biological communities and ultimately on the fisheries resources and water quality. The manager of an estuarine system may have expertise in ecology, hydraulics or another of the specialist disciplines involved, but commonly will not. The manager will identify needs for resource and development and the broad options required to satisfy them. The manager will use these studies as the basis for his/her selection of the option for execution. Thus a model for'use by the manager of an estuarine system must have the following properties: (i) The model must be sufficiently accurate to throw up all the likely options. (ii) The model must be capable of being run by the manager, interactively, to answer `what if' questions. This requirement implies a simple code andhardware limited to a personal computer or possibly a desk top work station. (iii) The model must be robust so that unrealistic input oes not generate apparently useful output, and no output is generated for cases where the model is not designed to give results. (iv) The model must be capable of being used as part of a modelling system comprising models of all the geographic and demographic components

Jan 1, 1992

By Tian Sugui

By means of the measurement of the enduring property and microstructure observation, an investigation has been made into the influences of the element Re and TCP phase on the enduring property of the single crystal nickel base superalloys. Results show that the needle-like TCP phase is precipitated along the <110> orientation on {111} planes in Re-containing/free superalloys during the long term aging, the TCP phase is identified as µ phase, and the precipitated µ phase in 4.5%Re alloy is gradually spheroidized during aging. Thereinto, the needle-like µ phase may obviously decrease the enduring lifetimes of the alloys due to the consumption of the refractory elements and the effect of the stress concentration. But the stress concentration is not easily generated in the regions near the spherical-like µ phase, which is a main reason of reducing the enduring lifetime of 4.5%Re alloy to a small extent.

Jan 1, 2010

By Ron Frye, Carl Liibbe, Wayne Curtis, Julie Pecori, Dan Leach

Test work comparing the performance of a Low Density Porous Ammonium Nitrate Prill to regular Porous Ammonium Nitrate conducted in Pennsylvania and New York showed that less ammonium nitrate was required to perform the same work and that improved sensitization of an emulsion/ammonium nitrate blend reduced “orange fumes”. Fragmentation was similar in all tests with improved heave and throw experienced.

Jan 1, 1997

By Martin Banda, Gift C. Chisakuta, Moses Chabinga

KCM made a major modification to the Nchanga Tailings Leach Plant (TLP) changing the circuit from feeding post leach thickeners in parallel with leach discharge for solid ?liquid separation to a Counter Current Decantation (CCD) configuration utilising most of the existing equipment. The new circuit is aimed at improving copper recovery from approximately 70% to 79% through enhanced wash efficiency. The re-introduction of CCD circuit at elevated throughput of 46 000-tpd design was made possible due to the EIMCO E-Duc technology design which is an auto-dilution system that enhances solids settling rate. Commissioning (manual operation) which accommodated on-going operational requirements was phased and completed in January 2004. The circuit stabilised in subsequent months and in March alone an all time record copper recovery of 81.8% was achieved which contributed an extra 779 tonnes copper above the plant?s projected production plans. 100% of the project cost was paid back by end of April 2004 This paper discusses the work involved and the challenges faced during the re-commission

Jan 1, 2005

By U. B. Kodukula

Attempts are made to evaluate the feasibility of using a water-injection cyclone for the concentration of iron ore fines. The separation characteristics of clay fines, containing large amounts of alumina and silica, from the iron values are discussed. The effects of critical variables, such as injection water rate, truncated cone diameter, spigot opening and vortex finder diameter, on the performance of a water-injection cyclone in terms of iron, alumina and silica grades; iron recoveries; and alumina and silica rejections are discussed. A set of 16 full-factorial experiments (24) was carried out to gain an understanding of the individual and interaction effects of the variables. The results indicate that classifying iron ore fines containing 63.0% iron, 2.5% alumina and 3.5% silica through a water-injection cyclone can produce concentrates with iron grades greater than 66.0% and alumina and silica contents less than 1.5% and 2.0%, respectively, at different study conditions. The achievable iron recovery values are greater than 88%, and alumina and silica rejections are more than 80% and 50%, respectively, within the specific study conditions. While the truncated cone diameter, injection water rate and spigot diameter influences the alumina rejection to a considerable extent, it is mostly influenced by the vortex finder diameter. The iron recovery and silica rejection values are mostly influenced by spigot diameter and truncated cone diameter. The effect of injection water on the concentration characteristics depend on the prevalent truncated cone diameter and spigot diameter conditions.

Jan 1, 2008

By Paul Worsey, Dave McCool, Ryan Freeman, Chris Wolters, Rick Hines, John Bowles

Carroll Cave, located in Camden County, in south central Missouri, is one of the most significant caves in Missouri with over 12 miles of mapped passages and over 100 known but unmapped side passages. In the early 1990’s there was a breakdown of the originally excellent landowner/caver relations as the ownership of the only known entrance moved to a new generation and grottos squabbled for control. Subsequently the current owner of the natural cave entrance refused to grant anyone permission to enter.

Jan 1, 2003

By E. H. Herron, J. H. Perry

Mathematical simulation of reservoir behavior may be used to help understand reservoir processes and to predict reservoir behavior, thereby leading to the most economically desirable form of exploitation. In addition, simulation can be used as a tool for reservoir description to learn more about the physical nature of the reservoir and the mode of primary recovery. This use is essential in most reservoir studies and represents one of the more significant applications of simulation. Prediction of reservoir behavior provides information concerning displacement efficiency, optimum well locations, and the comparison of alternative producing processes. Since oil, water and gas all commonly occur in many reservoirs, a simulation that takes into account the simultaneous flow of three immiscible phases is a prerequisite for obtaining such information. Furthermore, a simulation that describes this flow in two dimensions provides the capability of evaluating combination gas- and water-drive reservoirs with either an areal or a cross-sectional description. Many reservoir problems require such a simulation. The objective of the research described here was to develop a mathematical model and associated computer program for accurate, efficient, and economical prediction of the reservoir flow of three phases in two-dimensional geometry. Several authors have discussed multidimensional reservoir simulation of two phases.l-3 Gottfried et al.&apos; presented an analy- sis of three-phase simulation in one dimension. Fagin and Stewart" and Garrett6 have discussed the simulation of three-phase flow in two dimensions, but their solution techniques were different from the method discussed in this paper. In particular, previous models and computer programs have usually involved either fewer capabilities or inefficient and less rigorous descriptions resulting in limited applicability. In the following sections, we present a description of the model, an evaluation of the method, and the application to reservoir problems. Additional and supporting material is presented in the Appendix. The Three-Phase Model General Description The three-phase model consists of the mathematical description of the flow of oil, water and gas in a reservoir. Conceptually this description considers flow in all three space dimensions, but in the subject simulator it is assumed that no flow occurs in the third dimension. The model includes the effects on reservoir behavior of fluid and rock compressibility, viscosity, gravity, capillary pressure, relative permeability and gas solubility. Within the two-dimensional restriction, the reservoir considered may be completely heterogeneous and anisotropic. The differential equations governing multiphase, multidimensional flow in a reservoir are too complex to be solved analytically, so they are approximated by a system of finite difference equations and solved

Jan 1, 1970

By R. G. Horvath

The Statnamic loading test is a new and innovative method for testing deep foundations. The test is relatively inexpensive, quick, easily mobilized, provides for direct measurement of applied load and corresponding displacement, and is capable of very high loading capacities. The long duration of the applied loading, as compared to a dynamic loading test, allows for a straightforward determination of the static behaviour of the foundation tested. A new method of analysis of the Statnamic loading test, the Equilibrium Point Method, is presented. A description is given of the pile-soil model and a demonstration of how the static load-displacement behaviour of deep foundations may be predicted from the Statnamic loading test data. The Equilibrium Point Method of analysis is applied to three types of deep foundations in soils which respond differently to fast loading rates. These case histories, from Canada and the United States, include data from static loading tests for direct comparison, and demonstrate the ability of the Equilibrium Point Method to predict static behaviour of the deep foundations.

Jan 1, 1993

When asked to lecture at Bendigo on the geological factors that determine the depths of ore deposits, I hesitated for a little before agreeing to lecture on the theory of deep ores in the city world famous as the pioneer of deep gold mining. If there be one place, wherein the conditions of deep-seated ore deposits should be sufficiently well understood, it is the city where the 180 mine made its bold plunge to previously neglected depths; and where the record of that famous mine has been broken by the skill of the managers, and the pluck of the proprietors, of the New Chum Railway and Lazarus mines.In the face of such practical triumphs, theoretical discussion may seem a waste of time, especially since it is often dedared that the existence of such deep-seated ores was denied by geological theory. This assertion is, however, startling since the oldest and best supported geoiogical theory of ore deposits, has taught for more than a century tliat ores must descend far below the regions of practical mining. This charge against Victorian geologists is generally based on opinions attributed to the late Sir Fredrick McCoy. It has been repeatedly affirmed that he declared that gold cannot occur pelow a depth of 300 feet. But so far I have not been able to discover that McCoy ever made any such assertion or ever held such a view.

Jan 1, 1902

Advances in Coarse Particle Recovery - Fluidised-Bed Flotation

Sep 13, 2010

By Dimitri Frantzos, Stewart Thompson, Ed Skiba, Hans Tammemagi

On behalf of Acres International we would like to thank Frank Chiappetta of Blasting Analysis International for inviting our organization to participate in this state-of-the-art course on blasting analysis techniques.

Jan 1, 1989

By George Goble

I hope that after the long evening and all the exercise that some of you took you won&apos;t be completely exhausted to listen to a little bit about pile testing. The topic that 1 have been given is pile testing. It seems to me useful to break this topic into some smaller pieces so that we can try and organize our thought a bit. As I understand the terms "pile testing", I believe we are really referring always to capacity, one way or another, so I am suggesting that we organize the things we are doing in terms of measurement of soil capacity and pile capacity. There are obviously two failure modes and we frequently speak of pile integrity rather than structural pile capacity, but it&apos;s really capacity that we are concerned about. Further within these breakdowns I am suggesting that we might look at the topic of soil capacity in terms of static methods and dynamic methods and, finally, within each one of these, measurements of axial capacity and measurement of lateral capacity. Also here some of these subdivisions might be there for the purpose of symmetry and finally the same sorts of breakdown in Pile Capacity area.

Jan 1, 1994

By B. J. Moore

This publication contains analyses and related source data for 352 natural gas samples from wells and pipelines in 18 States and 5 foreign countries. All of the samples were obtained and analyzed during calendar year 1974 as a part of Bureau of Mines investigations of the occurrences of helium in natural gases of countries with free market economics. This survey has been conducted in the United States by the Bureau of Mines since 1917. In late 1965, the survey was expanded to include foreign gasfields. The analyses published herein were made by mass spectrometer and a special helium analysis apparatus, which are described in Bureau of Mines Bulletins 4862 and 576.3 The results of the investigation of the occurrences of helium are published annually to make the information available as soon as possible to the gas industry and the public in general. Sixteen previous publications have presented the results of 10,479 gas analyses prior to 1974. The first three, Bulletins 486,4 576,5 and 617,6 contain analyses and related source data on

Jan 1, 1975

By Mark A. Jirsa

The Biwabik Iron Formation is a ~1.9 billion year-old sequence of iron-rich sedimentary rocks that was metamorphosed at its eastern- most extent by ~1.1 billion year-old intrusions of the Duluth Complex. The metamorphic recrystallization of iron-formation locally produced iron-rich amphiboles and other fibrous iron-silicate minerals. The presence of these minerals in iron-formation along the eastern part of what is known as the Mesabi Iron Range, and their potential liberation by iron mining has raised environmental health concerns. We describe here the geologic setting and mineralogic composition of the Biwabik Iron Formation in and adjacent to the contact metamorphic aureole of the Duluth Complex. The effects of metamorphism are most pronounced within a few kilometers of the contact, and decrease progressively away from it. The contact aureole has been divided into four metamorphic zones?each characterized by the composition and crystal structure of the metamorphic minerals it contains. The recrystallization of iron-formation to iron-rich amphibole minerals (grunerite and cummingtonite) and iron-pyroxene minerals (hedenbergite and ferrohypersthene) is best developed in zones that are most proximal to the Duluth Complex contact. ©2007 Elsevier Inc. All rights reserved. Keywords: Iron-formation; Mining; Fibrous; Mineralogy; Metamorphism.

Jan 1, 2007

On the more important mines it is almost essential to have a general plan of the surface. A special feature of this plan should be the indication thereon of a suitable arrangement of contour lines, either wholly over the surface of the property or at parts where may seem most useful. The importance of having these contours marked on the plan will be best appreciated by the engineer, in selecting the best available site for a proposed new plant, in locating a tramway, in connecting the surface with the underground workings to the best advantage, or in solving many similar problems that come within his province. The closer the contours are together vertically the better, the limitation being the trouble and expense of getting them on to the plan. They may range from five to fifty feet apart but a distance of ten feet will be found, in most cases, to be the most useful.In deciding the datum level from which these contours are to be measured, it is best to depart from the ordinary sea level datum, and use instead the highest available point on the property. This datum will be called zero and all levels will be reckoned so many feet below it; thus by a contour marked 160 on the plan, it will be understood that the level of the plane of the contour is 160 feet below the highest available point on the property. This system of measuring levels downward is readily suggested from measuring the depths of shafts from the brace or of excavations from the original surface.

By Colin Barratt

The East Side Access (ESA) project is the largest underground rail infrastructure project under construction in New York City, USA. The Manhattan segment of the project is to be mined through rock and consists of 4.1 miles of Tunnel Boring Machine tunnels for track work and mined excavations to house rail switches, air plenums, and other rail facilities. This paper considers different methods for concrete lining, such as the use of fixed forms, adjustable forms, and pneumatically applied shotcrete. The advantages and disadvantages of these methods are discussed and the basis for considering one over the other are illustrated. Further discussions on design development and preparation of documents to facilitate quality and constructability in the field are presented.