Search Documents

By J. L. Casado-Sánchez

Financial capital is highly volatile and if the investor does not get adequate compensation for the risk faced he may consider withdrawing his capital assets from the company and consequently produce a structural change in any sector of the economy. We study the variation in profitability of assets in terms of the changes that occur in the markets. The choice of models used is justified by the extensive theoretical and empirical use of them throughout the history of financial economics. We have used the capital asset pricing model (CAPM) and the model based on the arbitrage pricing theory (APT) to determine the beta value. These models have been applied to the monthly returns of 27 mining companies listed on the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), using data from the period covered from January 2006 to December 2010. The results of time series and cross sectional regressions for CAPM and APT produce some errors, suggesting that many companies have failed to obtain an adequate cost of capital. Also the results show that higher risk firms tend to have lower profitability. These findings make it unlikely to be maintained over the long term the current status and could drive structural change in the mining sector in the form of mergers.

Aug 1, 2013

By A. A. Sirkeci, M. Tarkan, N. Acarkan, O. Kangal, G. Bulut

This investigation deals with the evaluation of the tailings of the Kirka Borax Plants. In this respect boron in the tailings was recovered and the utilization of the clayish fraction was investigated. There are five tailings ponds in Kirka four of which are used for the tailings of the borax concentrator and the remaining one is used for the tailings of the sodium penta-borax plant. Experiments were conducted with samples taken from ponds containing coarse fraction and fine fraction. Coarse fraction of Borax Concentrator were screened through a set of sieves. The fraction above 1 mm was removed with 41.5% recovery and 33.3% B203 content. Scrubbing was applied above 0.1 mm and products containing 32 to 34% B203 were obtained with recoveries around 35%. The tailings of sodium penta borax plant was also screened and it was found that 15% of boron reported to +1 mm size fraction with 35% B203 content. Sample containing fine tailings was treated by cycloning. The cyclone overflow was found to be below 6µm and it was separated to be used in the subsequent tests. The usage of cyclone overflow in paper, ceramics, glass, pigment and drilling industries was investigated. Since this fraction is mainly composed of carbonate minerals rather than clay minerals it was suggested that it may be used for construction and moulding purposes. Furthermore, the B203 content of the cyclone overflow was reduced to 2.4%.

Jan 1, 2004

By T. I. Kunkel

The economic prosperity of many Canadian communities depends on resource extraction within the traditional territories of Indigenous people. The geographic sites where these resources are situated are also areas where these Indigenous people have sustained themselves for millennia through hunting, fishing, trapping, and gathering activities. These traditional activities provide not only sustenance, but also cultural and spiritual values, and the ability to transmit oral Indigenous cultures and customs from generation to generation. The multimillion dollar revenue mine project proposed within the Cariboo Chilcotin region of British Columbia is situated geographically in a location which has sustained the Tsilhqot?in people for millennia. However, this group of people have important social and cultural values nested within the traditional activities at this location. These values are typically not at the forefront of resource development. Using Indigenous research and grounded theory, this research paper briefly outlines Aboriginal values of the First Nations communities within the Cariboo Chilcotin region and some lessons learned from the Tsilhqot?in people during the environmental assessment of the mine proposal.

Aug 1, 2013

By W. Haibei, Lei. Z., Z. Bangsheng, W. Yufang, J. Kaixi

In 2007 output of zinc was more than 3.71 million tons in China. Some new projects have finished FS and several new zinc plants are building now. In recent ten years it happened great changes in zinc industry. For zinc concentrates one pressure leaching plant was built with capacity 10,000t/a and at least four companies are carrying out FS or engineering design now. Direct atmospheric leaching will put into used in China in 2008 with capacity 100,000t/a. It is estimated that until 2010 the output of direct leaching will be 400,000t/a.

Jan 1, 2008

By L. S. Almeida, U. A. Courbassier, C. T. Guimãaraes, M. N. Souza, V. L. Silva, H. P. Dias, G. A. Bicalho, B. S. Rocha, P. N. Rodrigues, A. Carnevale

During primary aluminum production the anode changing is a very important task. So improvements on it will be essential to avoid disturbance and have a better operational control. After anode changing a good current distribution will be guaranteed using a cavity cleaner and precise anode setting. Albras switching a manually anode setting to an automatic one solved the setting problems. In this paper it will be shown some pot line results and the improvements on workers ergonomic and safety conditions. The device was developed in a partnership between Albras and Pesto.

Jan 1, 2006

By J. Locat, G. Parker, D. Turmel

ABSTRACT Since 1964, the Iron Ore Company of Canada has deposited iron ore tailings into Wabush Lake in western Labrador, Canada. From 1999 to 2008, the authors completed multibeam bathymetric and sampling surveys and an airborne LiDAR survey. These data were integrated to study the evolution of the tailings delta shoreline and lakebed elevation. Subaqueous channels evolved between surveys, influencing the tailings depositional pattern. With this analysis it is possible to evaluate the effect of disposal strategies on the delta topset and tailings accumulation. This project uniquely couples marine and terrestrial techniques to follow the fate of tailings in a dispersal system.

Jan 1, 2014

By Z. Farhat

In spite of advances in cutting tool technology, the understanding of the basic wear behavior and failure mechanisms needs further study. Tool wear is the main factor contributing to geometrical error and thermal damage in machined components. Manifested as a reduction in tool life, it also affects the workpiece surface finish, increases cutting forces and induces residual stresses. Furthermore, the emergence of high and ultra-high speed machining processes necessitates the investigation of tool wear under these severe working conditions. Tungsten carbide-cobalt composite material has been used traditionally as wear resistant materials for many years. One main application of this material is in cutting tools. WC-Co tools consist of hard WC particles imbedded in a tough Co matrix, which functions as a binder phase. More recently, Cubic boron nitride (CBN) tool material have attracted special attention due to its high hardness and excellent wear resistance. Boron nitride in its cubic form is known to be the hardest material next only to diamond. In this paper microstructural and tribological properties of commercial grade WC-Co and CBN cutting tool materials are investigated under high speed cutting conditions. The CBN cutting tools were found to be superior to tungsten carbide (WC) tools. Four-fold increase in productivity and significant reduction in chipping and cratering was achieved for CBN as compared to WC. Wear mechanisms are proposed and are related to the observed wear characteristics in the cutting zone.

Jan 1, 2006

By R. Heikkilä

The utilization of Building Information Modeling (BIM) and model based 3-D control of work machines have increased a lot in new road construction in Finland as well as in other Nordic Countries. Up today, much less attention has been paid into the development of maintenance and rehabilitation processes. As a part of a large research and development program RYM PRE Infra FIN BIM in Finland, a focused research project of the BIM with experiments in total five (5) pilot projects has been performed. A main idea of the new BIM based process has been to utilize mobile laser scanning method for initial data acquirement, the use of novel 3-D analyze and modelling methods for point cloud processing, the use of new type optimization method for the planning of geometric and structural improvements needed for the existing uneven road surfaces, and further, through the creation of 3-D machine control models apply the newest 3- D machine control systems for continuous 3-D control of practical construction work using milling machine and asphalt paver. Finally, an evaluation is made between the new process model and the traditional way of working.

Aug 1, 2013

By Wei Yun-Jie

Columnar jointed basalt is a fractured rock, with a lot of small spacing structural planes and poor integrity of the rock mass. On the basis of the comprehensive study of the columnar shape of Columnar joints, rugosity of the fracture surface and the chemical composition of basalt, columnar joints of Bai hetan dam area were formed as a result of the cooling and shrinkage effect of magma. Columnar joints basalt are mainly chlorite, kaolinite, epidote, tremolite chemical reactions and the content of columnar joints are mainly chlorite by slice identification and chemical analysis. Columnar joints basalt showed high uniaxial tension test, low coefficient of friction and high cohesion by indoor physical and mechanical test. Columnar joints rock mass showed high strength and large deformation by field shear test and deformation test. Columnar joints basalt can be used directly as a foundation of dam as long as we follow the rules and reduce disturbance strictly.

May 1, 2009

By John Frostiak

"Kahama Mining Corporation Limited, a wholly owned subsidiary of Barrick Gold Corporation, poured the first dore bar and filtered the first concentrate produced at the Bulyanhulu mine on February 28, 2001. This event marked the completion of the initial development of the Bulyanhulu Mine – Barrick’s first mine located outside of the Americas.Bulyanhulu is a 2,500 tpd underground mine located in the Lake Victoria gold belt of northern Tanzania. Gold is recovered as a gravity concentrate and smelted on site to produce dore bars or collected in copper concentrate that is shipped to offshore smelters. The facilities were constructed to meet Canadian standards. Unit operations include single stage crushing, SAG milling, gravity recovery, flotation, thickening and dewatering. Tailings are converted to paste and returned underground as paste backfill or pumped to the surface tailing site. The surface paste tailing disposal system is believed to be first of its kind in the gold industry. Paste disposal has several advantages over slurry, including lower dam construction costs, reduced water losses, and lower reclamation costs. This paper describes the facilities and discusses the challenges faced during development and construction including logistics, lack of infrastructure, recruiting and training, security, and social issues as well as initial operating results.INTRODUCTIONBarrick Gold Corporation completed the Bulyanhulu mine development in 2001. Capital cost of the project was US$280 million. The mine produced 241,575 ounces from start of milling to year end at a total cash cost of $197 per ounce. Numerous challenges were overcome in the mine’s development due to the general lack of infrastructure in Tanzania and the mine’s location some 1200 km inland by road from the port of Dar es Salaam."

Jan 1, 2003

By F. Henríquez, V. Iriarte, L. Vinnett, J. Yianatos, F. Díaz

Metallurgical characterizations of the collective (Cu/Mo) and selective flotation plants were carried out in Minera Los Pelambres, Chile. The selective plant allows the valuable minerals of Cu and Mo to be separated. The evaluation involved two surveys consisting of metallurgical sampling as well as residence time distribution (RTD) measurements to determine load distribution. The RTD data were obtained in real-time by means of the radioactive tracer technique. In addition, metallurgical data was reconciled and supported by effective residence times. In the collective plant, a performance comparison of parallel rougher circuits was carried out, which included a bank of six mechanical cells of 250 m3 and banks of nine mechanical cells of 130 m3. In the selective plant, the Cu and Mo evolution along the plant was evaluated. The results in the selective plant allowed for performance evaluation of mechanical and pneumatic cells in primary flotation. In both plants, mineral losses were evaluated and their relationship with circuit configuration (cell types and circuit layout) was determined. The metallurgical characterization was a powerful tool to evaluate circuit performance and to detect improvement opportunities at industrial scale.

Jan 1, 2015

By Junior Santos

Kinross Paracatu started the operation of the new gold processing plant in the end of 2008, being composed by one SAG mill and two ball mills. During the first year of operation the plant had several problems related to stability and throughput capacity, mainly due to low grinding efficiency of the ball mills. In this period many actions were taken to maximize the throughput rate. Among the actions are reducing the size of balls in the mills, increasing the ball charge in the SAG mill, changing cyclone configuration and return of circulating load to SAG mill. With better stability of the circuit, the second stage of improvements has begun with the objective of increasing throughput rate and also reducing operation costs. Among the actions are the optimization of ball charge in the mills and a better operational control of cyclone parts. After two years of operation was obtained a significant increase in plant capacity, but still requires the addition of a third ball mill in order to maximize the use of SAG mill, which has spare capacity.

Jan 1, 2012

By Edouard Asselin, Tasawar Javed

This study was conducted as a part of ongoing work to characterize sulphide concentrate leach residues generated under CESL (Cominco Engineering Services Limited) and Vale pilot and demonstration plant medium temperature (150 °C) process conditions. Three different samples were analyzed. Derivative samples were prepared by extracting gypsum, sulphur and amorphous/poorly crystalline iron oxyhydroxide phases from the leach residues. Thermal behavior of the samples was studied by thermal gravimetric analysis (TGA) and differential thermal analysis (DTA) in the temperature range 25 to 800 °C in both air and nitrogen atmospheres, with XRD analyses both before and after heating. Thermal transformation temperatures for different iron oxides/oxyhydroxides present in hydrometallurgical leach residues vary over a wide range which suggests the variable crystallinity of the phases. Raman spectroscopic analysis was carried out to help identify the type of iron phases in the residues. Furthermore, hydroxylamine hydrochloride (HaHC) and oxalate extractions were used to compare the fractionation of the amorphous/poorly crystalline iron phases in the residues. Given the compositions of the residues, any thermal events in the temperature range of 200 °C to 480 °C were attributed to amorphous/poorly crystalline iron phases.

Jan 1, 2014

By Jacob Wood, Robert Matusewicz

The Outotec® Ausmelt Top Submerged Lance (TSL) Process has achieved widespread commercial acceptance over the past 40 years for the processing of copper, nickel, lead, tin, zinc and precious metal bearing feeds. The continual development and evolution of the technology during this period has resulted in a more intense smelting process with higher energy efficiency and lower operating costs. More recently, considerable effort has been invested in decarbonisation of the process through improvements such as increased oxygen usage, dry feed injection and use of low-carbon auxiliary fuels. This paper covers a number of these recent advances to the technology and highlights their impacts on energy consumption and CO2 emissions for a range of non-ferrous smelting flowsheets. INTRODUCTION Relentless demand for improvements in the profitability, safety and environmental performance of non-ferrous smelting plants has driven a continual development and evolution of processing technologies in this industry. In response to these demands, a number of bath smelting technologies have emerged over the past 40 years and have been implemented for the treatment of primary and secondary feedstocks. The Outotec® Ausmelt Top Submerged Lance (TSL) Process (henceforth Ausmelt Process) is one such bath smelting technology which has been widely adopted in a large number of greenfield projects and brownfield plant modernisations (Wood & Hughes, 2016). Emissions of CO2 from the production of non-ferrous metals represent approximately 4-5% of global totals (Rankin, 2012), comparable with the almost 10% attributed to iron and steel production. Despite significant improvements in the energy efficiency of modern smelting technologies (Coursol, Mackey, Kapusta & Cardona Valencia, 2015), primarily through increased oxygen usage, further innovation and development is still required to address their reliance on fossil fuels such as coke and coal. Transformation of the non-ferrous smelting industry to low-carbon technologies and process flowsheets is lagging behind the power and transport sectors, which have witnessed significant growth in clean/renewable energy technologies to reduce CO2 emissions and address the issue of anthropogenic climate change (IRENA, 2018; IEA, 2018).

Jan 1, 2019

By Alan L. Sangster

Auriferous, bedding-parallel veins occur in zones of carbonaceous, argillaceous and sulfidic turbidites in the Lower to Middle Cambrian sandy flysch of the Goldenville Formation. The 0348 values for vein and wall-rock arsenopyrite and pyrrhotite, and for regional pyrite and pyrrhotite, are highly positive. The values are similar to those from Cambro-Ordovician sediment-hosted deposits of other types, and display trends that increase upward in the stratigraphic sequence. The similarity in composition of vein and wallrock sulfides indicates a seawater-sulfate sourCe for sulfur, derived from the enclosing rocks at the time of vein formation. The upward increase in ?34S values is consistent with closed system sulfate reduction in the anoxic portion of a stratified water-colurnn. Published ? 13C and ? 18() values for Meguma Group vein carbonates are unlike those of other gold-vein carbonates, but are similar to those of diagenetic-metamorphic carbonates from the Meguma Group and elsewhere. These data indicate that the source for the vein-related sulfides and carbonates may be the host strata; possibly the arsenic and gold were derived from the same source.

Jan 1, 1992

By L. M. Dwarkin

Introduction Avital factor in the success of any coal mining operation is the method of roof support employed. A coal seam in? place has been described as the filling in a geological sandwich and the process of mining as the art of snatching the filling from the midst of the sandwich. The difficulty of this task can be appreciated -in the realization of the tremendous weight bearing on a coal seam due to overlying strata; a weight that can exert pressures of several thousand pounds per square inch. Over the years that mining has been carried on, methods have been evolved by arduous trial and error, making possible the successful extraction of billions of tons of coal. However, these time-proven methods are not enough. The constant demand for faster and cheaper production, the necessity of mining under increasingly difficult conditions, and the requirement for higher standards of safety, call for ever better and more efficient roof support. A recent and very promising development in answer to this need is that of Roof Bolting. Roof Support in General Before proceeding to the subject proper, a brief discussion of the older roof support methods is of value in illuminating the difficulties involved and the problems to be solved.

Jan 1, 1951

By Hal. Oliver

MR.]. G. TRAILL: My only excuse for contributing to the discussion on Mr. Hall's interesting paper is that I had the good fortune to be employed at Noranda during those romantic years, 1927 and 1928, when construction was at its height. The mine was in course of being rapidly prepared and brought into production, and the initial difficulties in crushing-plant and smelter were being met and overcome. They were stirring days, and perhaps those members who were with the second Empire Mining and Metallurgical Congress in 1927 sensed the atmosphere of excitement and activity that prevailed. Early History. Noranda must surely possess some of the most remarkable ore-bodies known to mining men, and the story of their development is pure romance. Ed. Horne's faith in the property, and the persistence of Thomson and Chadbourne, were richly rewarded in the end, but only after some very thin times had been experienced. In those early days access to the district was by the Kenojevis river and various portages to Osisko lake, on the shores of which the mine and smelter and the town of Noranda now stand. But all the early work was done on the Chadbourne claims, more than a mile to the west; through the b~sh. I have read a log of the events of that period, and through the whole tale of hard work, discouraging developments, occasional shortages of food, and constant danger from forest fires, can be read the faith and persistence of the men in charge. The Chadbourne ore was of that well-known type which, though just too low-grade to pay (with gold at $20 per ounce), is yet sufficiently encouraging to lead one on in the hope of striking something better. It was only as a last resort that work on the Chadbourne claims was suspended and a diamond drill brought to the gossan-covered hill beside the lake. The diamond-driller told me his version (it may be exaggerated) of how the position and direction of the first hole were decided on. He was told, "You might as well set up your drill here, and drill in, say, that direction". I believe that the first hole went through the richest ore ever found at Noranda. After the drill had gone through about 150 feet of solid sulphide ore running 17 per cent copper and 4 dwt. of gold per ton, it passed into barren rock, but the diamond-driller expressed the opinion (I wonder how he knew)) that the hole would come into ore again before long.

Jan 1, 1937

By Bruce Macdonald

Operational monitoring of slope stability can be achieved by space based InSAR monitoring platforms. Natural and man-made rock slopes are monitored using a novel stack-based InSAR method that exploits both persistent point scatterers (PS) as well as coherent distributed scatterers (DS) such as areas of pavement and sparsely vegetated surfaces. The new method, Homogenous Distributed Scatterer (HDS)-InSAR identifies InSAR targets by using adaptive multilooking of statistically homogenous pixel neighbourhoods combined with thresholding the differential temporal coherence of each target candidate with respect to its surroundings. HDS-InSAR preserves PS and therefore forms a direct generalization to our proven DualScale-PSI method. The density of HDS exceeds that of PS by more than an order of magnitude often providing essentially continuous coverage over urban and industrial landscapes featuring a mix of infrastructure with mostly bare soils or rock surfaces. The improved coverage enables better definition of surface motion and underlying geology, which will lead to superior interpretation of the geophysical mechanisms causing the surface deformation, e.g. through improved integration with 3D deformation modeling. We illustrate the performance of our new HDS-InSAR method compared to DualScale-PSI using displacement results from Vancouver, Canada; Bingham mine, USA; and the Palabora mine, South Africa.

Jun 1, 2012

By G. W. Poling

This paper evaluates current environmental protection legislation, guidelines and criteria, focusing mainly on the land and water disposal of mill tailings. Effluent criteria and regulatory mechanisms are proposed, and submarine tailing disposal is discussed at length. The importance of basing regulations on the best available rationale is stressed.

Jan 1, 1979

By Unknown

We are indebted to the Consolidated Mining and Smelting Company of Canada Limited for the several pictures in this issue showing the progress made in new construction at Tadanac and at Bonnington Falls, B.C. Plate No. 1 shows the down-stream side of the No. 1 hydro-electric station of the West Kootenay Power and Light Co. Limited at Bonnington Falls, on the Kootenay river, at which 17,500 k.v.a. will be developed to meet the requirements of the enlarged zinc and lead refineries at Tadanac. The generators, exciters and switch apparatus were supplied by the Canadian General Electric Company and the step-up transformers by the Canadian Westinghouse Company Limited. The plant throughout was designed, manufactured and erected by Canadians. Plate No. 2 shows the casting room of the new lead-plant and plate No. 3 the new tank-room of the electrolytic lead refinery at Tadanac. These additions will increase the capacity of the lead refinery by some 150 tons daily. The extensions also include practically doubling the zinc plant, and the gold and silver refineries. With the exception of the new stack, all designing construction and installation of the various plants is being done by the Company's own employees at Tadanac. Plate No. 4 shows the progress made in the construction of the new reinforced concrete stack at Tadanac. This stack, of 21 feet inside diameter at the top, will be brick lined and when completed will rise 400 feet above its foundations: the tallest of its kind in the world. The construction is in charge of the Rust Engineering Company of Pittsburgh, Pa. Plate No. 5 is a panorama of the Tadanac smelters and refineries. The photograph was taken from the roof of the lead smelter and gives an excellent idea of the size of the plant and its surroundings. Tadanac produces electrolytic lead, zinc and copper and fine gold and silver. During 1924 the company treated 1,333,523 tons of ore and produced: 161,400,- 769 pounds of lead; 92,197,824 pounds of zinc; l,382,750pounds of copper; 4,074,044 ounces of silver, and 26,976 ounces of gold.

Jan 1, 1925