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By S. Shairp

The first commercial application of the Dynatec two-stage zinc pressure leach process commenced operation at the metallurgical complex of Hudson Bay Mining and Smelting Co., Limited in Flin Flon, Manitoba in 1993. A key feature of the successful leaching operation is the presence of iron in solution, which facilitates oxygen transfer in the autoclaves and enables rapid oxidation of zinc sulphide minerals. At the same time, the solution from which zinc is recovered must be essentially iron free. Precipitation of iron from the solution starts in the autoclaves and is completed in subsequent atmospheric purification steps. Conveniently, these iron precipitation steps also remove nuisance elements such as arsenic and fluoride from the solution, while producing solids with good liquid-solid separation characteristics. This paper provides an overview of the current operations in Flin Flon, with particular reference to the behaviour and deportment of iron throughout the zinc plant.

Jan 1, 2006

By Neville Jordison

Indirect, gravity flow, heat exchangers have become a well established technology in mineral and metallurgical process plants. The technology is a conventional heat exchanger using high efficiency plates, with a free flowing bulk solid on one side of the exchanger and a fluid on the other side. This simple concept leads to many opportunities for achieving greater energy efficiencies in process plants. Indirect heat exchange is much more efficient than direct heat exchange using air such as in a fluid bed or rotary device. When air is used directly, large fans are required, it may also be necessary to chill the air, both high consumers of energy. By contrast, using water as the cooling medium requires only low horsepower pumps, typically only 10% of fan HP. Furthermore there are no stack emissions with the requirement for removal of dust or emissions. Indirect heat exchange also creates the opportunity to recover energy. This can work in two ways: energy can be recovered from a hot bulk solid, to heat pressurized hot water for steam generation or preheat air. Alternatively recovered energy from elsewhere in the plant in the form of hot water, steam, air or thermal oil can be used to preheat a bulk solid.

Jan 1, 2011

By C. A. Y. Shephard, H. L. Brusset

Pressure maintenance by water flooding in the Pembina Field made consideration of wet crude dehydration and disposal of the produced water mandatory. Crude dehydration, the treatment and disposal of produced water, as well as the sale of gas and crude oil were expected to be handled more efficiently at one central point than at several conventional batteries. This plan was effected by routing the produced fluids to the central station by way of several well testing batteries referred to as satellites. To realize the full efficiency inherent in such consolidation the entire system was made self-regulating. Programming ensures the testing and proper routing of all products to their destination. Forty producing wells have been self-operated during the winter 1959 -1960 with gratifying results.

Jan 1, 1960

By W. Harry Foster

"Asbestos Corporation Limited, incorporated in 1925, operates four asbestos mines and three asbestos mills in the Thetford Mines 1•egion of Quebec's Eastern Townships. A unique asbestos orebody, located in the Ungava Peninsula of Nouveau Quebec, was purchased by Asbestos Corporation Limited in 1964 and commenced production in 1972. As there were no existing facilities in the isolated, arctic region of Asbestos Hill, it was necessary for Asbestos Corporation Limited to construct at Deception Bay a deepsea wharf, a large ungraded fibre shed, a power plant and camp facilities. Forty-two miles of road were needed and were constructed from Deception Bay to Asbestos Hill. At Asbestos Hill, a complete crushing-drying-milling complex, a power plant, pe1•sonnel accommodations and open-pit facilities were provided. Unloading facilities and a fib1•e finishing mill we1l constructed at Nordenham, West Germany. The ""Asbestos Hill- Nordenham Story” is divided into individual papers covering all aspects of the engineering, construction and operation of this unique enterprise. Particular emphasis has been placed on those unusual aspects caused by the isolated location, arctic conditions, short shipping season and the deep permafrost."

Jan 1, 1976

By O. G. Olvera, E. Asselin, D. Rival

Particle concentration distributions in a leaching tank have been estimated using a novel experimental approach that takes advantage of the galvanic interactions that occur between pyrite (FeS2) particles and a Pt electrode. The collision of FeS2 particles with Pt changes the open circuit potential measured with the electrode due to galvanic interactions. To discern particle collisions with the Pt electrode from experimental noise a simple analytical procedure was first adopted although the use of techniques involving frequency domain analysis is also briefly presented and discussed. Although this method is still under development, it is simple to implement and can yield valuable information regarding the hydrodynamic behavior of solid particles in stirred tanks in very short times. Finally, the advantages and drawbacks of the technique are discussed.

Jan 1, 2014

By R. C. Gilmore

Underground longwall coal mining sections may develop explosive mixtures of methane-air in the mined-out gobs. If the panel are operated as bleederless or sealed gobs, progressive sealing along the gate roads as the longwall face retreats limits the flow of fresh air into the gob and thus deprives potentially explosive atmospheres of oxygen. In a project sponsored by the National Institute for Occupational Safety and Health (NIOSH), researchers at the Colorado School of Mines have used computational fluid dynamics (CFD) modelling to simulate the flow of gases in longwall gobs. Modelling indicates that targeted injection of nitrogen through the seals along the gate roads inbye the face can be used to control the size and location of methane and air clouds within the gob and to minimize or eliminate the explosion hazard resulting from the formation of flammable methane-air mixtures in longwall gobs.

Aug 1, 2013

By C. S. Lord

"The Regal Silver mine is 5 miles north-northwest of Albert canyon; a station on the main line of the Canadian Pacific railway; 21 miles east of Revelstoke; British Columbia.Development, commenced in 1918, comprises more than 8,000 feet of workings from six adits, one of which extends into the Regal Silver property from the adjacent Snowflake ground. Production has been limited to a little tungsten concentrate recovered recently from a few r..undred tons of ore treated in a small underground mill. The property has received some attention as a possible source of tin. The deposits are large quartz veins containing irregular sulphide bodies. Ore minerals normally make up less than 1 per cent of the veins and include pyrite, galena, sphalerite, scheelite, and stannite. The veins are approximately parallel with the bedding of the enclosing graphitic, siliceous to calcareous, slates and argillites. These strata are of Precambrian age, strike about northwest, and dip northeast. No other rocks are known in the vicinity of the workings . Granitic rocks, intrusive into t'he sediments, outcrop 4 miles to the southwest and 7 miles to the northeast and may underlie the property at no great depth."

Jan 1, 1954

By L. V. Bell

THE object in prospecting is to find ore. With the exception of certain discoveries of more or less accidental nature, intelligent prospecting as conducted today is, whether consciously or not, based upon a process of elimination. In the following discuss on it is proposed to evaluate those factors that enter into the eliminating of certain tracts of ground and, conyersely, the concentrating of attention upon others. The danger of generalizations as to the barrenness of cer.ain areas, without having due regard for all such factors, is emphasized. The fact that our conception as to what areas or rock formations are to be regarded as favourable or unfavourable is, in some measure at least, changing with new discoveries under diverse and unexpected circumstances, adds more point to the discussion. The criticism might be raised that the subject is treated largely from the standpoint of geology, but that may be met by stating that it is, and must continue to remain, precisely from this standpoint that the prospecror directs his activities. Briefly, the geologist may render the greatest service to the prospector in the early steps of selecting (a) the general territory in which to prospect; (b) the area to be intensively prospected; and, finally, (c) those parts of the claim or claims to be prospected in detail. Although certain phases of the discussion will be, in some measure, of general application, we shall here concern ourselves essentially with prospecting in the pre-Cambrian shield. Furthermore, the subject is so large that it has been decided to limit it to a consideration of that portion of the pre-Cambrian rocks in which is situated the mining district of western Quebec, of which the writer can speak with more personal knowledge. This limitation need not, however, seriously detract from whatever merit the discussion may possess, since the deposits concerned cover a fairly wide range of metallic ores, including gold, copper with associated zinc, and, lastly, molybdenum.

Jan 1, 1936

By Claude Bazin

The Quebec province in Canada is a major producer of aluminium through electrolysis of alumina. The alumina that feeds the electrolysis cells is mainly imported from foreign countries, where it is extracted from bauxite. Other alumina sources, such as clays, have sometimes been considered as potential substitutes for bauxite. There is a large clay deposit in the area of Murdochville in Quebec, with sulfuric acid and electricity available nearby the orebody, as well as sea port facilities leading to the major aluminium plants in Quebec. These are favorable factors to assess the economics of an industrial plant to produce alumina from clays. This paper reviews some of the processes considered for the extraction of alumina from clays and presents results of the initial work carried out on the clay available from Murdochville.

May 1, 2001

By J. Coffin, M. Muinonen, D. Fragomeni, R. Multani, C. Deredin

"Rejection of pyrrhotite from pentlandite is of critical importance to the economics of nickel concentrate production and the main goal of the Strathcona milling operations. A joint team of XPS, Glencore Technology and Strathcona Mill personnel executed a comprehensive program of work to develop and implement strategies for increased Po rejection with focus on challenging ores containing high feed Po/Pn ratios (> 7) and significant hexagonal Po content (> 40% of total Po). This paper describes the team results including minerology, bench-scale flotation tests, and plant validation tests and modeling that have defined the path forward to improving the metallurgical performance and economics of the mill operation. Techniques to quantify hexagonal and monoclinic pyrrhotites were developed at XPS to assess the differences in their metallurgical behavior since their flotation responses are quite different. Mineralogical tools including QEMScan were extensively used to determine mineral liberation, associations, optimum grind size, and nickel deportment into pentlandite, pyrrhotite and non-sulphide gangue. Several reagents/strategies were evaluated during bench-scale flotation testing to significantly increase Po rejection. A significant shift in the Po-Pn selectivity and grade recovery curves was achieved using several strategies including the use of DETA and sodium metabisulfite, and regrind of the rougher concentrate and rougher cleaner/rougher tails.INTRODUCTION The Strathcona Mill is owned and operated by Glencore Nickel – Sudbury Integrated Nickel Operations and has been processing Ni-Cu ores from the Sudbury Basin since 1968 (valuable sulphides: pentlandite (Pn) – (Ni,Fe)9S8 and chalcopyrite (Cp) – CuFeS2). Currently Strathcona Mill receives ore mined from two main sources in the Sudbury area and produces two concentrate streams – a nickel-copper concentrate that is shipped to the Sudbury Smelter and a copper concentrate that is sent to the Fonderie Horne (Glencore Copper, Rouyn-Noranda). The general flowsheet currently used at Strathcona is displayed in Figure 1. It is highlighted by separate feed circuits for regular grade Ni ores and high grade copper ores. The copper circuit has a preflotation stage prior to a rougher-scavenger stage, a copper-nickel separation circuit, and a pyrrhotite (Po) rejection circuit."

Jan 1, 2018

By S. Shimaya, T. Maejima, M. Shimo

"The authors conducted the in-situ gas-tightness tests in a fractured rock at the Namikata underground LPG storage site in Ehime prefecture, Japan. The test consisted of two independent setups, a gas-tightness test that used boreholes, and a chamber-scale test that used a horizontal drift sealed with a concrete plug. In each test, the gas pressure was increased up to the onset of the measurable gas flow to obtain the maximum containment pressure. This paper discusses the hydraulic conditions for gas leakage initiation and the importance of the pore pressure measurement for monitoring the gas-tightness of the LPG storage cavern based on the test results.INTRODUCTIONJapanese first underground LPG storage plant was constructed by JOGMEC, the Japan Oil, Gas and Metals National Corporation, at Namikata in Ehime prefecture in granitic rocks (Kato et al., 2007). The “hydraulic sealing principle” (Åberg, 1977) that utilizes groundwater flow into an unlined cavern to prevent the leakage of gas through fractures in the surrounding rock mass was employed for storage of LPG. This paper describes the results of the in-situ tests performed at the Namikata Site to obtain information on fundamental gas-tightness characteristics of fractured rock. Two types of in-situ tests, a borehole gas-tightness test and a chamber gas-tightness test, were carried out near the storage caverns. Figure 1 shows the cavern layout of the Namikata underground storage plant and the test locations. The storage facilities consist of three caverns (W26m×H30m×L485m). The cavern crown lies at a depth of 150m below the sea level in Cretaceous granitic rock (Figure 1). Water curtain boreholes excavated from the water gallery tunnel at EL-125m level are located above and side of the caverns to prevent water drainage from fractures during the construction stage as well as during operation. The borehole tests were performed from a drilling adit excavated from the eastern end water gallery tunnel, while the chamber test was conducted at the southern edge of an exploratory drift extending from the central water gallery tunnel."

Jan 1, 2015

By Y. Chunhua, L. Chunsheng, W. Sheng

"Countercurrent solvent extraction is the dominant industrial rare earth separation method. For the rare earth separation, with low separation factors and multiple components, designing and optimization plays an important role in reaching product quality and reducing separation plant costs. Based on the theory of countercurrent extraction, cost-efficient methods, such as third-outlet separation and hyperlinked extraction processing, have been introduced following computer simulation. The consumption and fixed investment of industrial practice are compared, by which advantages of the optimized rare earth separation process are indicated. INTRODUCTIONThe rare earths (RE) have outstanding optical, magnetic and electric properties in advanced material applications and have therefore received much international attention in recent years. Liquid-liquid extraction is the major industrial RE separation method and is widely used in the industry. Supported by the government and with collaboration from the institutions and enterprises, China has made great progress in RE separation, and has become the dominant supplier of separated RE products. Complicated by multiple elements and low separation factors, careful design of RE separation processes is vital for the quality and cost of production. The theory of separation is the key to basic of flowsheet design and industrial applications.BASIC SEPARATION PROCESS AND THEORYGeneral ProcessAcidic extractants such as P507, P204 and naphthenic acid, are the most popular extractants in modern RE separation industry. In the general separating process, the extractant is saponified with a base, then ion-exchanged with RE solutions, thereby to provide stable and high RE loading in the extractant to fulfill the requirement of production quantity and quality. The RE-loaded extractant is then countercurrently extracted and scrubbed with RE solutions and the RE element thereby is purified. After the countercurrent extraction process, the RE-loaded extractant is stripped with acid to obtain an aqueous RE product, and prepare the extractant for recycling (Xu, 1995)."

Jan 1, 2012

"IntroductionIn the 1970s, environmental concerns and associated liabilities were a new and unknown aspect of corporate risk. Today, social concerns and the associated conflicts that they can generate constitute a rapidly expanding aspect of risk. Although not a new phenomena — the Bougainville copper mine was forced into closure in 1988 — social risk has emerged as considerably more important, and increasingly visible, in the last few years. Social risk is now an aspect of all mining activities which needs to be calculated into project assessments, and to be managed throughout the life of a project. While social risk has a number of aspects at the corporate level, such as company image and shareholder relations, at the level of the individual project, its primary component is social acceptability, and the principal tool for managing it is the Social Licence to Operate.Social Risk in Latin AmericaThroughout Latin America there are newly modernized mineral codes and economic systems introduced over the last ten years which, together with new environmental legislation, look very much like regulations in developed countries. To the corporations, the existence of these instruments means that the risks from the environmental issues associated with the project are known; they are legislated, defined, quantifiable and hence manageable.It seems ironic that, just when comprehensive regulations for the environmental management of mining have been put in place throughout Latin America, there arise an increasing number of challenges to mining activities. For, in spite of the apparent guarantees provided by these new legislative reforms, communities in Latin America today are more frequently standing up and taking exception to the presence of mining companies, or the ways in which the companies are conducting themselves. The viability of projects becomes threatened because they are considered socially unacceptable, a phenomenon that we describe as social risk. These challenges are less about opposing mining activities than many people would think. Rather, they are based on an increasing desire on the part of the local population to have some measure of control over their own future, and to participate in the development process from the earliest stages."

Jan 1, 2000

By Ram Song, Yohei Harada, Shinji Kumai, Kazuho Otsuka

"Recently, vertical-type high-speed twin-roll casting (HSTRC) has been developed. The HSTRC shows extremely high cooling rates over 1,000 K/s even at the mid-thickness area. The fabricated strip has many metallurgical characteristics; super-saturation of alloying elements, fine solidified structure, and homogeneous distribution of fine constituent particles. In Al-Mn based alloys, the Mn alloying element can be supersaturated in the a-Al matrix and also form Mn-containing constituent particles during solidification. The Mn supersaturation and the distribution of primary/secondary particles in cast products affect the metallurgical behavior in the down-stream processing and can improve mechanical properties of the final products. In this study, Al-Mn based alloy strips were fabricated by HSTRC with various Mn contents. The solidified microstructure, constituent particles and its distribution, and Mn solubility were investigated in the as-cast condition. Due to the high cooling rate of HSTRC, fine constituent particles were homogeneously distributed, and coarse intermetallics were not observed. Mn solid solubility was estimated by electrical conductivity. The estimated Mn solubility was equivalent between strip surface and mid-thickness area.INTRODUCTION Al-Mn based alloys, as non-heat treatable wrought aluminum alloys, are widely used in packaging and heat exchanger for automobile industry. Besides Mn, Al-Mn based alloys often contain Fe and/or Si as alloying elements or natural impurities. During solidification, Mn can be super-saturated in the Al matrix, and also form Mn-containing constituent particles. Additionally, in the subsequent thermal-mechanical processes such as homogenization, rolling, and intermediate annealing, Mn in solid solution precipitates out of the Al matrix as secondary particles. The size, distribution, type, and the amount of dispersoids including constituent particles affect to texture evolution, recrystallization behavior, and final mechanical properties of wrought Al-Mn based alloys (Huang et al., 2016; Huang & Marthinsen, 2015; Engler et al., 1995; Muggerud et al., 2013). Therefore, controlling the initial level of Mn super-saturation and the distribution of constituent particles are important in the cast Al-Mn based alloys."

Jan 1, 2018

By V. S. Melamud, A. G. Bulaev

"Sulfide ore processing is characterized by significant losses of metals, for example, with flotation tailings. Therefore, flotation tailings can present an important source of metals. The treatment of flotation tailings is a technological issue due to low content of valuable metals (e.g. copper and zinc) and high iron content. The goal of the present work was to investigate extraction of base metals and gold from old flotation tailings containing 17% iron, 0.26% copper, 0.22% zinc, and 0.7 g/t gold. Chemical leaching in columns with 0.5 to 10% sulfuric acid solutions and bioleaching in air-lift percolators were used for the extraction of base metals. 1% H2SO4 provided high extraction of base metals and best selectivity. Recovery of copper and zinc reached 35% and 40%. Increasing H2SO4 concentration did not lead to significant increase in base metals extraction, but led to increased iron concentration in the pregnant solutions. The 1% H2SO4 leaching solid residues were used for further experiments. Acid leaching and bioleaching did not result in significant increase in base metals recovery. Leaching of the residue with 10% H2SO4 provided extraction of 4% copper and 20% zinc, and bioleaching for 100 days provided extraction of 16% copper and 12% zinc. The recovery of gold by cyanidation from the flotation tailings, the 1% H2SO4 leaching solid residue and residue of two-step acid leaching were 50, 49, and 65%, respectively. The results suggest that acid leaching can be effective approach for treatment of old flotation tailings.INTRODUCTIONAbout 80% of base metals (copper, nickel, zinc) are produced through pyrometallurgical treatment of sulfide ores. Mining and metallurgical treatments of sulfide ores are presently characterized by significant losses of non-ferrous and precious metals into the various wastes. For example, flotation of sulfidic ores yields formation sulfide flotation tailings. These wastes pose a problem not just because of their sheer volume, but some of them may affect local ecosystems. Nowadays, mining and metallurgical wastes can be considered as technogenical source of base metals."

Jan 1, 2016

By John J. Laffin

"IN THE BOOK that has been rated the best seller of all time, it is predicted that man will earn his livelihood by the sweat of his brow. Apparently man has accepted the statement as a challenge and has been attempting to refute it ever since, as he continues to transfer the workload to his inanimate servants - the many types of machines and other labour-saving devices that are available to assist or perform for him in the normal tasks of the day. The history of the evolution of the use of energy takes us back to primitive man, who existed in a very low energy environment, the only energy available being his own muscle power. Although man took a great leap forward when he discovered fire, which was used for lighting, heating and cooking, he still depended upon his own muscles for power. Early man's greatest achievement was probably the invention of the wheel, which permitted him to utilize the muscle power of animals. While still in a very primitive state when viewed from the perspective of the twentieth century, man, with fire and the wheel, had achieved a standard of life far exceeding that of his predecessors. Looking beyond the very basic elements of human energy, fire and the muscle power of animals, we find the next additions of energy coming from man's mastery of other elements of nature. The Phoenicians utilized the power of the wind and the Romans adapted the energy of falling water to the water wheel."

Jan 1, 1972

By John W. Bell

A FEW years ago the writer had the privilege of examining a piece of apparatus in the Forest Products Laboratory of McGill University which engaged his attention. The Forest Products Laboratory has an excellent installation of wood-grinding machinery, and the officials in charge were naturally interested in acquiring means for estimating the fineness of various wood grinds. The problem was referred to Dr. O. Maass ( l ). Dr. Maass designed a piece of equipment to measure the surface of a wood grind and derived an equation applicable in calculating its value, as follows : After inspecting this apparatus, the writer was disposed to believe that, with some modifications, Dr. Maass' ingenious idea might be utilized to measure the surface of mineral powders. Obviously, some difficulty would be found in maintaining an even suspension of mineral particles of high specific gravity compared to that of wood pulp. The writer will not bore the reader with a description of the various machines built and tried out. Some of these were satisfactory enough to obtain some valuable information, and to bring to light a difficulty which threatened to bring the investigation to an abrupt ending. For the mineral quartz, it was found that Kin the formula above stated was not a constant.

Jan 1, 1944

By C. Stapel, P. D. Roberts, D. G. Jones, W. G. Macdonald, R. J. De Meijer

"Measurement of natural radioactivity has been used in both a qualitative and a quantitative way in mineral exploration, particularly in the search for uranium. In the last ?ve years, the Kernfysisch Versneller Instituut (KVI) and British Geological Survey (BGS) have designed, built and tested a new detector system that greatly improves quantitative applications in mineral exploration, especially on the sea?oor and in the nearshore zone. The new system is an enhancement of an earlier BGS design. The major improvements comprise the use of a highly sensitive ?-ray detector, together with new data processing, from which concentrations of natural radio nuclides may be deduced in real time. After laboratory analysis of samples, these concentrations can be converted into mineral percentages. Once the mineralogy of an area has been characterized, this conversion can also be done in real time.Thus far the system has mainly been used to map heavy-mineral concentrations in coastal subtidal and intertidal sediments. For such work the multi-sensor detector probe is towed on the sea?oor and various parameters are recorded continuously. The probe contains, in addition to the gamma-ray detector, a water-pressure sensor (giving water depth) and an acoustic device to measure bottom roughness. The system, when used together with high-precision positioning systems such as D-GPS,enables the production of detailed maps of bathymetry, bottom roughness, and sea?oor radioactivity or mineral distribution. These maps allow mineral concentrations to be readily correlated with sea-bed topography and sediment type. In the same way, ?-ray detectors could be used advantageously during dredging operations to provide on-line assessment of the mineral content of the dredged sediment as well as to guide the direction of dredging. Additionally, the same technique could be used to monitor the subsequent fate of a dredge spoil after dumping on the sea?oor.Natural radioactivity arising from potassium and the thorium and uranium decay series has potential use for the fast and reliable assessment of siliciclastic and phosphatic impurities in limestones. Detection of such impurities may preclude the use of the limestone for chemical or cement production.Apart from its use in exploration, the technique has signi?cant potential in mineral processing, particularly of heavy minerals. It can be applied as on-line quality control in dry and wet separation processes and for process control, by using decisions based on the results to control valves and other instrumentation. In addition, it can also be used in environmental monitoring of waste arising from mineral extraction and processing. In conclusion, the technique described has a diversity of applications in exploration, mining and mineral processing."

Jan 1, 1997

By C. Stapel, P. D. Roberts, D. G. Jones, W. G. Macdonald, R. J. De Meijer

"Abstract-Measurement of natural radioactivity has been used in both a qualitative and a quantitative way in mineral exploration, particularly in the search for uranium. In the last five years, the Kernfysisch Versneller Instituut (KVI) and British Geological Survey (BGS) have designed, built and tested a new detector system that greatly improves quantitative applications in mineral exploration, especially on the seafloor and in the nearshore zone. The new system is an enhancement of an earlier BGS design. The major improvements comprise the use of a highly sensitive ?-ray detector, together with new data processing, from which concentrations of natural radionuclides may be deduced in real time. After laboratory analysis of samples, these concentrations can be converted into mineral percentages. Once the mineralogy of an area has been characterized, this conversion can also be done in real time.Thus far the system has mainly been used to map heavy-mineral concentrations in coastal subtidaland intertidal sediments. For such work the multi-sensor detector probe is towed on the seafloor and various parameters are recorded continuously. The probe contains, in addition to the gamma-ray detector, a water-pressure sensor (giving water depth) and an acoustic device to measure bottom roughness. The system, when used together with high-precision positioning systems such as D-GPS, enables the production of detailed maps of bathymetry, bottom roughness, and seafloor radioactivity or mineral distribution. These maps allow mineral concentrations to be readily correlated with seabed topography and sediment type. In the same way, ?-ray detectors could be used advantageously during dredging operations to provide on-line assessment of the mineral content of the dredged sediment as well as to guide the direction of dredging. Additionally, the same technique could be used to monitor the subsequent fate of a dredge spoil after dumping on the seafloor.Natural radioactivity arising from potassium and the thorium and uranium decay series has potential use for the fast and reliable assessment of siliciclastic and phosphatic impurities in limestones. Detection of such impurities may preclude the use of the limestone for chemical or cement production.Apart from its use in exploration, the technique has significant potential in mineral processing, particularly of heavy minerals. It can be applied as on-line quality control in dry and wet separation processes and for process control, by using decisions based on the results to control valves and other instrumentation. In addition, it can also be used in environmental monitoring of waste arising from mineral extraction and processing. In conclusion, the technique described has a diversity of applications in exploration, mining and mineral processing."

Jan 1, 1997

By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001