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Some only types of bank finance are appropriate for mining development, with conventional fixed rate finance having significant limitations of flexibility. New, innovative and flexible instruments have recently been utilised within project financing packages. A strictly limited number of specialist project finance banks exists, with the necessary specialist personnel able to address project cost-competitiveness, cost and commodity forecasting, joint venture negotiations, and completion and sales undertakings. Different techniques of internal bank appraisal are applied, with the usual equity investment project valuation criteria being seldom useful for loan assessment purposes. Company attention paid to the preparation of a sensitively structured bankable presentation can prove most effective for securing development project finance. Substantial scope is possible for savings of time and money.

Jan 1, 1983

By G. T. Lineberry

Reduced clearance is one of the most important characteristics of encumbered space in underground coal mining. Another key variable is the maximum velocity at which a piece of mobile mining equipment can operate in this limited space. Typical velocity- clearance curves for different mine transportation systems are developed and characterized. Applications of the relationships are examined, emphasizing their significance in the design and control of mine materials handling systems.

Jan 1, 1983

Professor N. S. Budavari holds a Dip!. Min. Eng. from the Technical University of Sopr on, Hungary, and a Ph.D. degree from the University of Newcastle-upon-Tyne, U.K. Mr J. J. Geldenhuys, Pr. Eng., is Divisional Manager Mining of Anglovaal Limited, being in charge of Prieska Copper Mines (Pty) Limited, Loraine Gold Mines, Limited, and Village Main Reef Gold Mining Company Limited.

Jan 1, 1983

By Martin B. Treuhaft

Expectations for coal in the early to mid-1970's prompted the government and industry to pursue research and development programs to increase underground and surface mining coal productivity and net coal recovery. Several programs concerned advanced surface mining methods for thin seam coal recovery. Three such programs, along with related areas of interest, are presented in this paper, namely: (1) extended depth augering for trench-strip applications; (2) high recovery auger heads for enhanced recovery; and (3) variable wall mining in low cover longwalls. Conceptual development is examined, prototype testing is discussed, and potential operations are considered.

Jan 1, 1983

By W. W. Roberts

Key elements to the successful excavation and support of the Forest Glen Station and Tunnels for the Washington Area Metropolitan Transit Authority are discussed. Excavations encompassed a twin-vault station; 2339.3 m (7675 feet) of conventional drill and shoot tunnel; and 810.8 m (2660 feet) of mixed faced tunnel. The use of dewatering, boom type continuous miner and shotcrete in the mixed faced tunnel, along with hydraulic drills, bolts, and shotcrete in the rock tunnels and station proved to be effective methods.

Jan 1, 1983

By Brian J. Gorva

The key objective of forming a cartel is to increase profits to members of the cartel by taking the following action: a) control output; and b) control price. However, while attempting to obtain monopoly profits the cartel members have to contend with costs associated with cartelization and such costs include the following: political costs; the cost of coordinating output and price; organizational costs (such as cheating); and administrative costs (such as the cost of attending cartel meetings). The objective of commodity exchanges is to provide an open, free market where buyers and sellers may openly complete transactions and pricing information can be immediately disseminated. These transactions include the following: a) to provide facilities for "hedging", or transferring price risk from buyers and sellers of physical commodities to "speculators" through the medium of buying and selling futures contracts, and b) taking physical delivery of metal on due dates.

Jan 1, 1983

By Paul C. Hyndman

The U.S. Bureau of Mines investigations of the three subunits (fig. 1) of the Homestead RARE II area (No. 6291) revealed no evidence of mining activity or mineral deposits in the area. The Iron Dyke Mine, 3 mi (5 km) outside the study area produced ore between 1916 and early 1982 from a volcanogenic massive sulfide deposit in the Permian volcaniclastic Hunsaker Creek Formation of the Seven Devils Group. The Hunsaker Creek Formation does not crop out in the RARE II area, but extends into the area beneath Miocene flows of Columbia River Basalt. The abundant basalt in the area could be used as aggregate or dimension stone, but equivalent deposits exist closer to markets. INTRODUCTION Location and Access The Homestead RARE II area (fig. 1) encompasses 6260 net acres (253U ha), in three units, of the Wallowa-Whitman National Forest in Baker and Wallowa Counties, Oregon. Two small units of 160 and 300 acres (65 and 120 ha) are 5 mi (8 km) north and east of the main study area. Homestead, Oregon, on the Snake River, is about 3 mi (4 km) south of the two small areas, and about 3 mi (4 km) northeast of the main study area. Peripheral access is provided by State Highway 86, U.S. Forest Service Road 39, and ancillary roads and trails.

Jan 1, 1983

By C. Dale Elifrits

Observations made from laboratory analysis of samples of fine-grained argillaceous materials (shales) subjected to various changes in moisture content have been correlated to loss of strength in the rock material. This reaction to a change in in-situ conditions (subsequent to mining) at a mine site combined with the observed relationships of surface-disturbing subsidence features at locations where the predominant overburden material is fine-grained, provides a predictive tool for the subsidence engineer.

Jan 1, 1983

By Michael Sokaski

The Cliff Springs prospect in the northern part of the Slate Range Wilderness Study Area (WSA) contains only minor amounts of gold and silver. Clay near this prospect contains insufficient aluminum to be of economic interest, although alunite claims are recorded in the vicinity. Mineralized rock at the Crescent Mine adjacent to the WSA contains gold, silver and lead occurrences. The host rock may be present in the extreme southwestern part of the WSA, which is covered by alluvium. Substantial sand and gravel deposits are present but these occurrences are remote from markets. Much of the USA is underlain by volcanic rocks and alluvium and consequently the mineral resource potential there remains unknown.

Jan 1, 1983

By David J. Boron

The United States has the largest total (364 billion metric tons) and recoverable (182 billion metric tons) coal reserves in the world.1 However, progressive coal utilization in this country has been hampered by environmental constraints, such as restrictions on sulfur dioxide, nitrogen oxides, and particulate emissions. New technologies are being pursued both to appease these environmental concerns and improve economic performance and process efficiency. These technologies, however, have not reached the level of effectiveness required for optimum operation. If more stringent emission standards are imposed, it is likely that the coal industry, and the industrial and utility sectors will look increasingly toward the successful development of new and advanced coal cleaning technologies in order to continue and promote the use of coal in this country. The EPA New Source Performance Standards In 1979, the Environmental Protection Agency in response to the amendments to the Clean Air Act of 1977 issued new source performance standards (NSPS) for utility and industrial boilers. The NSPS set emission standards for sulfur dioxide, nitrogen oxides, and particulates affecting boilers of 250 MM Btu per hour heat input or 'greater that started construction after September 1978. Plants starting construction or in operation before September 1978 remained subject to the provisions of the regulations promulgated in 1971, i.e., SO2 emissions of 1.2 15/MM Btu. The NSPS for SO2 emissions provides a sliding scale for SO2 reduction depending on the sulfur content of the run-of-mine coal, with an upper limit of 1.2 lb of SO2 per million Btu and a minimum emission level based on 70% SO2 removal. Table 1 summarizes the EPA NSPS for SO2 emission standards.

Jan 1, 1983

By J. S. Preston

The properties of some recently developed solvent-extraction reagents for the separation of cobalt and nickel sulphate solutions are reported. New commercial extractants based on alkyl phosphonic and alkyl phosphinic acids are described. These reagents show much improved selectivity for cobalt compared with established extractants. Some novel extractants developed at Mintek for the selective recovery of nickel in the presence of cobalt are also described. These reagents, which are based on mixtures of carboxylic acids and non-chelating oximes, are of interest in that no commercial nickel-selective reagents are currently available. Graphs showing metal loading and stripping, and pH-functionality, are presented. together with details of the metal separations achieved in batch countercurrent- extraction experiments with the various reagents.

Jan 1, 1983

By Allen W. Hatheway, John A. Albritton, Lloyd B. Underwood

Missouri River Division (FORD), U.S. Army Corps of Engineers (COE), has completed (October 1982) a study for the U.S. Air Force Ballistic Missile Office, in which desireable and needed changes in contracting methods for underground construction were identified. Due to the importance of geotechnical considerations in such construction, a good number of the resulting recommendations relate to geotechnical considerations. Corps contracts have traditionally served as models for contract documentation by public agencies and in private enterprise. Several standard features of present-day contracting methods were Corps innovations. Corps officials are generally in agreement with the recommendations of the Better Contracting reports published by the U.S. National Research Council (NAS/NRC), through its U.S. National Committee on Tunneling Technology (USNCTT). However, the findings of the 1982 MRD study indicate that additional changes are warranted for underground construction contracting methods; changes that deal specifically with site geological conditions, both known and to be reasonably anticipated, as well as with their associated impacts on construction. The 1982 MRD report identifies the need for nine specific improvements in geotechnical aspects of contracting; improvements based on recognition of geological conditions.

Jan 1, 1983

By T. P. McNulty

During the last decade, many exhaustive studies have been made of process energy requirements for the production of various metals and materials. Some excellent technical papers and text books have resulted, and some of these are included in the bibliography of this paper. These studies were, of course, prompted by the economic pressures which resulted from the beginning of the "Energy Crisis" in 1973. Our intensified consciousness of the cost of energy led, then, to a greatly improved understanding of the energy consumption attributable to individual mining, processing, and refining steps. It is worth noting, however, that an awareness of the cost of energy is not new and that efforts to minimize this cost were an important part of sound mine and plant management practice throughout the earlier days of our industry. One only has to read a few accounts of mining operations around the beginning of this century to develop an appreciation for the cost of supplying wood, coal, fuel oil, or electric power to remote locations.

Jan 1, 1983

By William K. Brown

Are the results of an exploration program worth the cost? This is a question I suspect many of you are familiar with and, theoretically at least, it is an easy question to answer. The answer, of course, lies in comparing the future earnings stream the program is expected to generate, to the present value of the cost of carrying it out. While historical costs can be determined without much difficulty, estimating the value of a future earnings stream involves all sorts of assumptions regarding future costs, metal prices, inflation rates and an appropriate discount factor; and in the context in which the question arises, requires additional assumptions about mineral deposits which have yet to be discovered. As a practical matter, this kind of approach isn't likely to produce a very convincing answer; certainly not one convincing enough to satisfy a skeptical audience; nor one likely to temper the illusions of recent converts to mineral exploration, who are convinced that if enough money is spent, profitable discoveries will inevitably follow. Within broad limits, however, I believe it is possible to analyze the costs and results of gold exploration in the U.S.A. over the past 20 odd years in a useful manner. And while such an analysis is imperfect, it will provide some insight into this fascinating subject.

Jan 1, 1983

By André Bérubé

"IntroductionSince the disappearance of Les Forges du Saint-Maurice at the end of the last century, many historians have taken an interest in the lengthy past of this enterprise. They considered the political, socio-economic, administrative and anecdotal aspects of the industry, but barely dealt with the elements of technology. The purpose of this article is to try to fill this gapru.Les Forges du Saint-Maurice was an integrated industrial concern, specializing in the production of semi-finished wrought iron and finished cast iron, that operated almost without interruption between 1734 and 1883. Les Forges first came into being in 1729, when Montreal merchant Francois Poulin de Francheville submitted to the king of France a request for the right to exploit the bog iron ore deposits on his seigneury of Saint-Maurice. This request, agreed to in 1730, was one of a long series of attempts, previously unsuccessful, to establish a local iron industry in the colony. Several such proposals were held up by a lack of capital from promoters or a too rigid application of the mercantilist policy by the metropolis. In 1730, however, the French minister Maurepas favoured a more liberal policy which would encourage private enterprise. The benefits of an iron industry to the naval construction industry was a factor that caught the attention of administrators. The choice of the site for Les Forges was based on the following factors:• the abundance of surface deposits of bog iron ore in the Saint-Maurice region;• the presence of a vast supply of hardwood and conifers needed in large quantities by this industry;• the proximity of sandstone and limestone deposits, indispensable materials for the construction and operation of the blast furnace;• the presence of a water stream, with sufficient flow to provide the hydraulic power needed for the operation of the machinery."

Jan 1, 1983

By Deborah A. Kramer

An economic and technical evaluation of a proposed process to recover alumina by leaching calcined kaolinitic clay with sulfurous acid is presented in this Bureau of Mines report. After the insoluble portion of the clay has been removed by leaching, monobasic aluminum sulfite is precipitated from the pregnant leach solution by partial hydrothermal decomposition. Further heating completes the decomposition to an impure alumina hydrate. This intermediate is purified in a modified Bayer process, which includes dissolving the alumina hydrate in a caustic solution at high temperature and pressure, then decreasing the temperature and pressure to precipitate alumina trihydrate. Calcining the trihydrate produces the alumina product. A cost estimate was prepared for a plant producing 1,000 tons of alumina per day, 350 d/yr. The estimated operating cost is approximately $475 per ton of alumina. This is substantially higher than a comparable estimated operating cost for the Bayer process of $250 per ton of alumina. The proposed process does not appear economically attractive, even as a method to modify a current Bayer processing plant to use a kaolinitic clay feed. High capital costs and high energy requirements make the process prohibitively expensive.

Jan 1, 1983

By G. A. Gillett, C. F. Bonney

"The Davy McKee combined mixer-settler (CMS), is a liquid-liquid contactor, which has been commercially applied to the recovery of uranium from dilute sulphuric acid-bearing leach liquors. CMS differs from most other solvent extraction systems in that the mixing and separation of the phases is carried out in the same vessel.IntroductionTypical solvent extraction plants for the recovery of uranium operate at organic to aqueous feed flow ratios of 1 : 2 to 1 : 30. Because it is beneficial to mix the organic and aqueous phases at an organic/aqueous (O / A) ratio of between I : 2 and 2 : I there is incompatibility between the over-all and operating O /A ratios.Conventional mixer-settler designs require an external recycle of the minority flow which results in the possibility of over-mixing, increased settling requirements and entrainment losses. Other workers have approached this problem in terms o f enhanced sett ling and this has been partly successful.Davy McKee's approach involved a radical rethink of the principles of liquid-liquid contact and separation.Description of CMSThe CMS has the important advance that the required mixing O/A ratio can be achieved without external recycle and is not affected by the O /A ratio of the feeds. Three zones co-exist within the CMS unit-a central mixing zone and upper and lower separation zones. A pump impeller on a draught tube is installed within the mixing zone and baffles are installed above and below the mixing zone. Conventional mixer- settlers have several undesirable features which ca n largely be eliminated using the CMS system:"

Jan 1, 1983

By K. F. Unrug

An overview of the history of mining technology, both past and present, shows that some of the new concepts being successfully applied have changed the reserve categorization and are having an overall impact on production. Past coal mining operations in the eastern coal fields, and especially in Appalachia, extensively utilized stripping with the predominately applied contour method. As a result, vast mountainous areas have abandoned benches left behind by past mining operations. While thicker seams previously stripped were usually mined by underground or mountain top removal methods, thin seams beyond technical or economical limits were left intact after contour mining had reached the ultimate height of the wall. These thin seams quite often contain high BTU, low ash and sulfur coal that makes them attractive for a secondary recovery due to the market requirements. Secondary highwall recovery has obvious potential and is economically attractive; however, with the present state of industrial experience and lack of analysis of site data, a trial and error approach is used by operators.

Jan 1, 1983

By William E. Little, William R. Sharp, Edward R. Kennedy

Cost o f mechanical tunneling requires the knowledge of many machine/rock parameters such as rock types, machine power, penetration rate, cutter life, maintenance schedule, etc. Capital investment, labor requirements, and project scheduling will all play an important role in defining the economics of the overall project. Knowledge of the cost sensitivity of different project parameters will improve the overall success of any particular tunneling project if this information is incorporated into an effective management plan. Through the use of an interactive graphic computer program written for a microcomputer, one has the ability to quickly evaluate relative costs for a variety of parameters for either an existing project or for a proposed site.

Jan 1, 1983

By J. Davis, M. G. Reading

"INTRODUCTIONInternational Minerals and Chemical Corporation (Canada) Limited operates two potash mine/refinery complexes near Esterhazy, Saskatchewan. Annual production of approximately 4.2 million tons is sold in the United States and overseas in five grades according to size and quality.Ore grading 25% K2 0 equivalent is mined from a horizontal bed by continuous boring machines, crushed, and hoisted at 8 inches. The refinery operation consists of the eight basic steps shown in Figure 1. Particle sizes handled are similar to those experienced in other forms of mineral beneficiation: 8 inches to 100 mesh. The ore is crystalline and particles are angular. Fortunately the major mineral constituents, sylvite (KCl) and halite (NaCl), demonstrate relatively low hardness at 2 to 2.5.Therefore, while simple abrasion must be acknowledged, it is not a major problem except, of course, in circuits carrying magnetite.Corrosion, as represented by the classic equations of Figure 2, occurs in all its various forms."

Jan 1, 1983