Search Documents

By Walter F. Atkins

Fair market value, in the legal sense , is the price which a prudent and knowledgeable buyer and a prudent and knowledgeable seller, acting without constraint or compulsion , will agree upon to exchange an asset. In the ordinary commercial or engineering usage, the term may imply simply the market value or a reasonable and equitable price. The engineer evaluator who is called upon to express an opinion about the fair market value of an asset may be able to base his estimate on the sale price of similar assets or on the market values of stock. Frequently such indicators of value are not available and the evaluator must devise other means of appraisal. Mineral resource properties may be thought of as having value by virtue of the existing or potential ability to produce at a profit. Conventional procedures permit the computation of the present value of future revenues having due regard for the time value of money and the risks attendant upon the realization of the venture. Such computations have gained wide acceptance as a basis for the estimation of fair market value.

Jan 1, 1977

By Karl J. C. Harries

Mineral Agreements and Royalties

Jan 1, 2003

By T. Holmes, J. Middlemiss

"Agnico-Eagle (AE) has been operating their Kittila Mine in Northern Finland since 2008. The mine has experienced considerable ore flow problems with ratholing, bridging and freezing in their mill feed bin since start up. In the first winter of operation, the entire central portion of the contents of the cylindrical flat-bottomed 2000 tonne mill feed bin froze. Flow was erratic and could only be achieved through small diameter ratholes. To maintain a reasonable, albeit limited, feed to the mill, the bin had to be kept less than ½ full and a portable steam generator was brought in to melt the frozen agglomerates that frequently blocked the outlets. The combination of limited surge capacity and frequent outages required the crushing plant to operate 24/7 and resulted in inconsistent production levels and high operating costs.AE had planned to expand the processing plant to increase throughput by about 30% when they transitioned from open pit to underground ore. These plans presented an opportunity to improve the material handling.To avoid the problems experienced with the original mill feed bin, AE enlisted Jenike & Johanson Ltd. (J&J) to test samples of the ore, and based on the measured flow properties to provide design recommendations to ensure that the new mill feed bin would operate reliably. The new 2000 tonne expanded flow mill feed bin and apron feeder were installed in 2014 and are now supplying almost 93% of the total mill feed with the remaining coming from the original bin.IntroductionIn early 2009, AE engaged J&J to visit their then recently opened Kittila mine and mill in Northern Finland (Figure 1). Over the first half-year of operation, production had been restricted in the ore handling and storage system by flow problems such as ratholing, bridging and freezing including blockages of chutes and hoppers as a result of frozen fines buildup and large frozen agglomerates. AE wanted to increase production in the existing open pit mine and mill feed operation and also wanted to avoid similar ore handling problems when they commissioned the new underground mining system under development at that time."

Jan 1, 2017

By R. England

"This paper describes the objectives and design parameters for the operation of a computerized In-The-Hole (I. T.H.) Drill. The principal objective is to add computer control to an Inco 00-60 I. T.H. (CMS-CD-90) drill in order to drill holes with greater accuracy. The computer provides control of the angle of the hole by maintaining the orientation of the drill head, and optimizes the straightness of the hole by maintaining a constant force on the drill bit.The second objective is to provide the greatest degree of operational automation, so the objective outlined above can be accomplished with a minimum of operator intervention.In order to provide full operational automation it was necessary to also provide the capability for the computer to add and remove drill rods. To accomplish this, a rod-handling mechanism consisting of a rod storage rack and rod manipulator arms was used.IntroductionMining machinery that lacks automatic control has been found to show a high degree of variation in work output and performance quality when operated by different personnel. Differences in operator attitude, judgment, and skill are reflected directly by production statistics. The addition of automated control has the potential for considerable improvement in machine life and performance. Even with a more acceptable mine environment and much safer conditions than ever before, situations still exist where it is preferable to remove personnel for reasons of safety as well as productivity. Typical advantages of such situations are automated skip loading and hoisting, and the use of remote control load-haul-dump units exposed to open stopes.Other cases arise where heavy work is required under conditions where lighting is poor, floors are slippery, noise levels are high and dust and oil mist exist in the atmosphere. I.T.H. drilling is carried out under such conditions and is one operation where automation can easily be justified."

Jan 1, 1987

By R. D. Lindsay

"Pamour Porcupine Mines, Limited is involved in the mining, milling and primary refining of various gold, gold - copper and refractory gold ores. Pamour operates five mines in the Porcupine Mining District of Ontario, and two 2,550 t/d milling facilities.Both metallurgical facilities use conventional cyanidation technology including zinc cementation for precipitation of gold and silver from solution. The precipitation process, as applied to clarified leach solutions (less than 1 ppm suspended solids) at Pamour is called the Merrill - Crowe process. Precipitates from both milling operations are treated at Pamour's Area Refinery. Schumacher precipitates, unlike Pamour No. 1, require an ''Acid Treatment Stage"" prior to refining to remove the high contained copper. This is accomplished by leaching the precipitates initiallv with sulphuric acid to remove zinc and then with sulphuric acid and manganese dioxide to dissolve copper. Refining procedures after ''Acid Treatment"" are essentially the same for both precipitates.The following considerations highlight the basic principals applied to refining cyanidation precipitates at Pamour, including:"

Jan 1, 1986

By Norman O. Lotter, Virginia Lawson, Mika Muinonen, Dominic Fragomeni, Jorge F. Oliveira

Development of metallurgical flowsheets from drill core to production of finished metal involves two main domains: process mineralogy to sample the ore and develop a successful flowsheet producing saleable concentrate; and extractive metallurgy to convert that saleable concentrate to finished metal. Effective flowsheet development for a new or brown-field concentrator and processing facility is essential to project schedule and return on investment. Over the last decade in particular, the integration of geology, mineralogy, sampling, and mineral processing have empowered the development of an improved practice in flowsheet development. The use of geometallurgical units as a basis for best-practice sampling delivers representative study material to the laboratory. Modern automated mineralogy characterises the whole rock assembly and paymetal mineral hosting, to address downstream process implications. Batch scale flotation testing then uses this information to design and perform well-focused strategies. At early stages of the project, the Extractive Metallurgy team is engaged to determine processing constraints or other economic drivers in conversion of the saleable concentrate into finished metal. The team evaluates available technologies, assesses the impurities and key properties of the given concentrate. In many cases, changes to mineral processing flowsheet are required to maximize value per tonne of concentrate. Site conditions, availability of infrastructure, energy and power all play an important role. Modern metallurgical simulation tools such as FactSage™ and METSIM™ can quickly define the appropriate test program for each process. Bench scale testing and appropriate scale of piloting can confirm simulations and provide design criteria. A case study demonstrates how effective use of these tools and a multidisciplinary team can accelerate flowsheet development, while reducing costs and ensuring that the designed processing facilities maximize project value with minimum risk.

Jan 1, 2014

By Michael L. Wayman

Archaeological and ethnographic work during the last century has shown clearly that metals have played a small but important role in prehistoric Arctic cultures. For at least the past several millenia both iron and copper have been used in the North, primarily for blades, projectile points, knives, awls, engraving tools, fishhooks, scrapers and axes. In addition they were used for joining purposes as staples and rivets. It is of great interest to enquire into the origins of these metals. In this connection one begins with the observation that to date there has been no clear evidence for the smelting or melting of metals in the Arctic prior to the arrival of Europeans. This can be explained partly by the absence of traditional pyrotechnologies such as the high-temperature firing of ceramics and the heat treatment of bone and wood. Another factor which surely inhibited the development of smelting/ melting operations is the relative absence of wood in the region. The production of charcoal for smelting requires large quantities of wood, to the extent that the desertification of a number of areas in the Old World is believed by some to have been at least partly caused by charcoal production. In the North this was obviously not possible. Thus the Arctic peoples were restricted to using native (naturally occurring) metals and metals obtained by various direct and indirect forms of contact with areas of the world where smelting was practiced. Both of these sources were important in the case of iron; we know that meteoritic iron, telluric (native) iron and smelted wrought iron were all used in the Arctic. These three types of iron will be considered in tum.

Jan 1, 1999

By T. Hadley, E. Catovic

"Northern Minerals Limited’s (ASX: NTU) flagship project is the Browns Range Rare Earth Project (the Project) located in Western Australia, consisting of a number of deposits with high value, heavy rare earth elements, in particular yttrium, terbium, and dysprosium. The deposits are dominated by xenotime mineralisation, which occurs within hydrothermal silicified and hematitic breccias. The Company delivered an initial JORC compliant resource estimate for the Project at the end of 2012 of 10,500 t of contained total rare earth oxides (TREO), which was increased to 28,084t of contained TREO in October 2013 and further enlarged to 47,997 t of contained TREO in February 2014. Concurrent with the growth of the Project resource base, significant progress has been made in developing the metallurgical process for the beneficiation and extraction of rare earth elements (REE’s) from the xenotime mineralisation. Development of the beneficiation circuit evaluated several process options and selected whole-ore flotation and magnetic separation, followed by flotation (hybrid circuit) as the two preferred flowsheets to pilot, following encouraging results on the bench of 83% and 86% recovery to a 20% TREO mineral concentrate respectively. Several downstream hydrometallurgical extraction flowsheets were evaluated. However, the following two preferred process flowsheets were ultimately selected for further detailed investigation during the prefeasibility study: 1. Sulphation bake, water leach, purification, oxalate precipitation, and/or calcination to produce a mixed RE oxide; 2. Sulphation bake, water leach, phosphate precipitation, caustic conversion, HCl leach, and oxalate precipitation to produce a mixed RE oxalate. Excellent heavy rare earth oxide (HREO) extractions (~ 90%) from beneficiation concentrates were achieved on the bench for both circuits, however flowsheet 1 was ultimately selected as the preferred flowsheet to pilot due to lower capital and operating cost. A mixed rare earth oxalate (42% TREO) or oxide (92% TREO) can be produced with low levels of Th and U of 3 ppm and 6 ppm respectively."

Jan 1, 2014

By J. P. Van Cruyningen, M. J. Puro

"A 2400 acre extension to the existing Tailings Area is under development at Inco's Copper Cliff Milling operations.The new area is being developed in stages as production levels dictate thus minimizing immediate capital expenditures while permitting disposal operations to proceed as further site work progresses.The first stage of the new storage site will be fully operational by early 1987 and will include a 400 acre site specific to the storage of Pyrrhotite rejected from milling circuits. The Pyrrhotite site is located in the centre of the Tailings area and is designed for water cover throughout much of its projected life.The new development incorporates perimeter dams designed to operate with low phreatic levels for maximum structural stability. Acid seepage water is collected behind secondary impermeable dams for return to the Tailings Pond.Tailings are deposited by up-stream methods permitting segregation of coarse fractions for use in future lifts of the perimeter dams."

Jan 1, 1987

By Derek Ettie

"In the Hydrometallurgical processes, the presence of the so-called "crud" is a constant challenge in solvent extraction. Crud is a stable emulsion which forms along the interface between the aqueous and organic phase. The spread is influenced by the following parameters: first, wind blows the dust and impurities into the open sedimentation tanks. Second, the undissolved solids such as sand transported in the PLS causing problems in conjunction with incorrect agitator design.The crud fraction can decisively impact the efficiency of the hydrometallurgical extraction because the phase interface can constitute a large fraction and the sedimentation tanks cannot react flexibly to it. In the downstream process of the series-connected sedimentation tanks, they are thus all contaminated with crud. At the same time, the necessary mass transport is significantly impeded at the phase boundary between organic phase and aqueous phase due to the crud formation.The transfer of the organic phase into the electrolysis cell can result in a "burnout" of the cathode. The carryover of this electrolyte into the extraction can cause problems with the pH regulation. The carry-over of the organic components into the raffinate also leads to contamination of the leaching circuit. The continuous treatment of the crud with a 3-phase decanter centrifuge is extremely effective in combating this problem. This technology splits all three phases from each other and they are consequently continuously separated. All subsequent process steps exhibit a stable, uniform effectiveness. The main advantage for the customer is that fluctuations in the process are eliminated and the organic phase can be recirculated back to the extraction. The recycling of the solvent alone justifies the investment in less than 6 months as examples from South Africa and Chile show.To operate solvent recovery in daily operation fully automated online at the optimum limit, the decanter centrifuge is equipped with a concentration-dependent pond adjustment called DControl® by this means, we can guarantee our customers the maximum possible solvent recovery and minimize the solvent costs in this process step. This system is presented in detail in this paper."

Jan 1, 2014

By Christine Hansen

?Kiss my Asteroid? Unofficial Title Human life is tied to minerals It?s worth noting that: The living human body consumes minerals. The minerals we take in multivitamins show the close linkage between human beings and mineral resources. Unlike tourism or specialized manufacturing, a human being could not live without mineral consumption. Minerals and their consumption is a tangible part of human life.

May 1, 2013

By D. J. McLaws

"Recent innovations in metal smelting technology utilize continuous oxygen-enriched smelting and converting processes which are capable of producing off-gases containing up to 60% SO2 or more. Other SO2 recovery processes, involving solvent absorption and steam or vacuum regeneration, can produce off-gases with SO2 concentrations nearing 100%.Processing of these high-concentration SO2 off-gases in conventional sulfuric acid plants can cause excessively high catalyst bed temperatures and poor SO2 conversion. In order to avoid these problems, a conventional acid plant design must dilute these high SO2 process gasses with dilution air in order to provide the required oxygen to effectively convert the SO2 and provide a heat sink (via the inert N2) such that the exothermic reaction, SO2 + ½ O2 ???SO3, does not exceed the temperature limit of the catalyst or the converter vessel.MECS, Inc. (MECS) has proven that a high SO2 feed gas design can be a viable option which can increase energy recovery, reduce energy consumption and potentially reduce capital costs."

Jan 1, 2014

By É. Roberge, S. Makni, G. Gagnon, F. Lavoie, A. Faucher

"Feed particle size is an important variable for the primary grinding mill operation. Several commercial vision systems have proven to successfully measure online many types of ores and are used for automatic control. However, due to limitations associated with segmentation algorithms, these systems fail to provide good measurements when the feed is composed of a specific bimodal particle size distribution: very big rocks and a large amount of fine particles. This is typically the case for crushed iron ore. This paper presents a technique to overcome the limitations of existing vision systems by using 3D cameras and appropriate processing methods. It provides online particle size distribution indicators and bulk volume flow rate measurement. It is designed to be very cost-effective, robust, precise, easy to install and to maintain. The 3D system was validated in two iron ore processing plants and the results clearly show that it can be used to optimize primary grinding mill operation where 2D segmentation vision systems fail.INTRODUCTIONFragmentation measurement using digital image processing has successfully been applied in mining and mineral processing operations. Several maintenance and operating applications are already deployed in the industry: Measurement of rock fragmentation after blasting (Maerz, 1999; Palangio, 1999) (Pragyan, 2012) Truck inventory (Palangio, 2005) Monitoring of crusher mantle wear Automatic control of crushers and SAG mills (Bouajila, 2000) (Bartolacci, 2001)Commercial technologies like WipFrag (Maerz, 1999), VisioRock and others proved to be very efficient to precisely measure the particle size distribution of many types of materials. These products are mainly composed of a camera, a lighting system and an image processing system based on a segmentation algorithm. By controlling adequately the lighting conditions and with periodic maintenance on the segmentation algorithm calibration parameters, it is almost always possible to achieve reliable measurements.However, the segmentation algorithm is not adequate when the particle size distribution contains big rocks and a large amount of fine particles. In this case, the area containing the fine particles is accounted as a big rock while big rocks get segmented as multiple smaller sized particles, leading globally to a wrong measurement. This situation prevails for crushed iron ore and coke, among other materials. Figure 1 shows a picture of a material which is typically very difficult to process through segmentation techniques."

Jan 1, 2015

By James F. Archibald, H. Jame Hackwood

"Research was performed to assess the feasibility of barrier membrane substances, for use within mining or associated high risk environments, in restricting the diffusion transport of radon gas. Specific tests were conducted, both within laboratory and in situ environments, to determine radon gas concentration ratios across a barrier of interest and emanation rate variation resulting from application of such materials. Several materials have been demonstrated to be effective in restricting the emanation of radon gas into initially radon-free environments. One liquid material shows particularly good promise upon consideration of ideal radon barrier criteria.IntroductionIt has long been known (I.2.3) that inhalation of the short-lived, alpha particle-emitting daughters of radon gas can result in irradiation of lung tissue with the potential for causing lung cancer. Control measures are necessary to maintain concentrations of airborne contamination at a minimum to protect miner health and safety. Typical control practices in mines have been through the application of systematic ventilation and backfilling of excavated opening. As mines become deeper, however, and additional workings become exposed, increased ventilation capacity requirements are needed. As an alternative to other radiation control measures, the use of sealants to prevent radon migration from walls into mine atmospheres may provide a suitable engineering alternative."

Jan 1, 1987

By J. G. George

A brief review of the silver industry is presented to set the stage for the analysis of the distribution of silver production by source from various types of mines in Canada and of the changing relationship between the total output of silver and the total output of base metals. The decline in the average grade of the Canadian mines is also discussed and a trend for the future is proposed. The report then examines in broader aspects the world primary silver production and concludes, in the section on outlook, that the effective supply in primary silver will grow at a rate significantly lower than the growth rate expected for base metals. A cumulative deficit of some 900 million ounces is projected for the period 1975-1980 and a further deficit of some 1,100 million ounces if projected for the 1980-to-1985 period.

Jan 1, 1977

By P. T. Craddock, H. V. Paliwal, L. K. Gurjar

The Indian cultural heritage of mining, smelting and the use of minerals and metals dates back to ancient times. Although the exact date of the commencement of such activities in India is not certain, Indians are known to have been familiar with gold, silver, copper, tin and lead and to a lesser extent with iron at least since the Vedic period (Table 1).

Jan 1, 1999

By A-A. Bogno, Ch. -A. Gandin, A. Maitre, H. Henein

Most metallic materials are produced from their liquid state. In order to control the properties of industrial products, it is very important to understand their solidification path and the resulting microstructures which can be significantly affected by melt undercooling. High undercooling results in rapid solidification and a refined microstructure with minimal microsegregation. This paper reports on the analysis of rapidly solidified Al-Cu droplets obtained by a single fluid atomization process, Impulse Atomization. A quantitative analysis by Rietveld refinement method of the Neutrons Diffraction data was carried out to determine the fraction of the intermetallic Al2Cu. Knowing the fraction of Al2Cu, the eutectic fractions and corresponding dendritic and eutectic undercoolings were estimated using the metastable extensions of solidus and liquidus lines of the Al-Cu system calculated by Thermo-Calc. In addition to this work, a model of microsegregation coupled with ThermoCalc software via TQ (application programming interface of ThermoCalc) and the Wang-Beckerman model for dendritic growth velocities has been developed for binary alloys. This has led to the development of a phenomenological relationship between primary phase undercooling and initial growth velocity. A comparison of estimated primary undercoolings using a coarsening model with the adiabatic undercoolings for each alloy composition has confirmed that solidification occurs under adiabatic conditions during recalescence.

Jan 1, 2014

By D. K. Uko

In the stretch-bend or bending-under-tension test, a strip is rigidly clamped and restrained at each end and bent by central transverse loading using a radiused punch: The strip deflection at failure has been used as a measure of formability for high-strength low-alloy (HSLA) steels by other investigators. In this work, a detailed study is made of strains developing during stretch bending of an 80,000-lbf/ in 2 (552 MPa) yield stress steel using different punch radii. It is shown that toward the end of the process, the bending strains at both the inner and outer surfaces are tensile and suddenly increase at a rapid and approximately equal rate. The strain ratio in the failure region departs significantly from plane strain , even using a large width-to-thickness ratio of about 10. The effective fracture strains appear to be independent of bend ratio (punch radius/thickness) and significantly below the fracture s train in simple tension. Metallographic and tensile data were obtained for the subject material and, for one bend ratio, the effects on stretch-bend parameters of annealing both on this material and a. carbon steel were compared.

Jan 1, 1977

By L. D. Smith

Net Present Value Impact of Discount Rate The Discounted Cash Flow (DCF) method of valuations is universally used and accepted. The main criticism of the method is that it does not recognize the value of projects long life projects. This can be seen in the preceding graph where the present value of cash flows in later years are small for discount rates over about 10%. This graph covers a project that has a 25 year operating life. It is clear from the low height of the NPV bars at 10% and 15% in the last years of the project that an additional 25 years would add almost no value to total project NPV. As an example of this effect, an colleague undertook the evaluation of a pulp and paper project. The plant could be justified, but it was not possible to justify planting the trees as they took too long to grow and so had not appreciable NPV. The plant had to purchase wood to feed the plant.

May 1, 2013

By K Belanger, J. Mclachlan, F. Stober, G. Norval, B. Snider, A. Munsch, T. Koehler, E. Piantino, J. Carlos Queiroz

The project to rebuild the smelting furnaces at the Anglo American - Barro Alto ferronickel smelter, located in Goias, Brasil, was initiated in September 2013. To optimize the capital cost, while maximizing furnace integrity and robustness, a design basis giving flexibility to ore composition variation was developed in order to ensure sustained nameplate production. The resulting capital efficient, fasttracked project execution was accomplished through the creation of an integrated project team of Anglo American and Hatch through FEL 3 and FEL 4 phases of the project. The integrated team addressed the project challenges through a cooperative and versatile approach, created by access to knowledge, experience and systems in both Anglo American and Hatch. The team could operate at an optimized speed of execution, as demonstrated in the FEL 3 and FEL 4 completion durations, as well as efficiently mitigating any risks of increasing cost or delaying schedule by utilizing lessons learned and team knowledge from Anglo American on the original green-field project and Platinum smelters and Hatch on similar reference ferronickel furnace rebuilds. Other critical drivers of project cost minimization and revenue loss/generation (considering production revenue of each furnace) are scheduled durations for construction, commissioning and ramp-up. The integrated team commenced construction, commission and ramp-up planning almost one year in advance of the shutdown and this paper will discuss the strategies developed to reduce risks and optimize the construction schedule to mitigate revenue loss and optimize ramp-up time to sustained operation at nameplate capacity.

Jan 1, 2015