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By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

The Torington Lodes.This paper describes investigations into mineralogical, petrological and structural associations of cassiterite in occurrences of economic value. The work was carried out in three mines, during a number of years, in the hope that the, data collected might be helpfulin the search for occurrences of cassiterite in stanniferous zones and reduce unproductive exploratory work. Tin-bearing lodes at Torington, in the New England district, New South Wales, have been worked since 1880, and the locality is the most important centre of lode tin occurrence in the, State. The township of Torington is 18 miles westerly from Deepwater, a station on the Great Northern Railway, 446 miles from Sydney.The tinfield forms part of the Mole Tableland, which has an altitude between 3,000 ft. and 4,000 ft. above sea level. The country rock, in which the stanniferous lodes occur, is granite of Permian age, which has been intruded into Carboniferous claystone. An inlierof claystone is exposed to the west of the stanniferous area, 'and in it, close to' its contact with the enclosing granite, are occurrences of wolfram and bismuth. These minerals, together with chalcopyrite, pyrite, arsenopyrite, zinc blende, galena and molybdenite, in very small quantity, are associated with cassiterite in lodes traversing the granite, particularly near the claystone, but decrease in amount with distance from the contact. Their occurrence is sporadic and usually causes no trouble in dressing the cassiterite concentrate, the final product containing less than 1% of total penalisable impurity. In Curnow's mine, pyrite, galena and molybdenite have been observed at 700 ft. from surface.The granite is of the biotite type and its structure may be divided into four groups, or classifications, arising from segregation processes during cooling and consolidation. The four classes, in order of extent of distribution, are:1. Granite of normal type, in which the constituent quartz felspar and mica, have a particle size approximately 14, in.2. Porphyritic granite, in which the felspar particles are from % in. to lin. in size, that of the quartz and mica approximately % in.3. A fine-grained granite, in which the particles of all constituent minerals are % in. or less in size;4. A rock of highly siliceous ground mass containing very small particles of felspar and almost negligible biotite.Type 1 is the general type of granite in all mines of the field; types 2 and 3 may occur as large masses, or all three classes may merge rapidly one into the other, and all be disclosed in 20 ft. of driving. Usually, however, the segregations are massive, but are not associated with any special horizon. For instance, a mass of porphyiiticgranite extends from surface to a depth of 440 ft., for a distance of 350 ft. south from the New England main shaft. The upper levels of Curnow's mine, 14" mile south-east, are in normal granite, but a restricted mass 'of porphyritic granite occurred between Nos. 5 and 6 levels, or 400-500 ft. below the collar of the shaft...

Jan 1, 1950

By Felix Cheng

Extensions to the Convention Centre in Adelaide, South Australia consisted in part of construction over the existing railway system comprising nine rail lines and passenger platforms. Vibro-pile (Aust) won the design and construct tender with a solution comprising over 500 cast insitu concrete piles. The pile types were 500 to 900mm diameter non-displacement CFA piles and 400mm diameter displacement V-piles. The V-pile is a cast insitu screw pile developed by Vibropile (Aust) Pty Ltd. Both pile types were installed with minimal noise and vibration required for the project, while the displacement V-pile had the advantage over the CFA pile by developing the same pile capacity but with a smaller diameter and with minimal spoil. The latter was important in alleviating spoil removal problems near the railway tracks and disposal of potentially contaminated spoil. The results of dynamic compression load testing and static lateral load testing indicated that the performance of a 400 mm V-pile was equivalent to a 500 mm CFA for this site. The lateral load testing indicated that the surficial soils have a major influence on the load-deflection response, but despite the site containing up to 4 m of filled ground, the piles were found to carry the required lateral loads satisfactorily.

Jan 1, 2002

By Peter Ryan

A patented process for agglomeration of Smelter ESP dusts is described. Addition of suitable binders followed by compaction, transforms fine, difficult to handle material into a dry, flowable agglomerate suitable for plant reentry. Details for the agglomeration process metallurgy and laboratory pilot plant testing are discussed. An example of full scale plant operations is described.

Jan 1, 1999

By J. A. de Carvalho Junior

This paper analyses the impact of the uncertainty associated with the input parameters in a mine planning optimization model. A real example was considered to aid in the building of a mathematical model that represents the coal production process with reference to the mining, processing, and marketing of coal. This model was optimized using the linear programming concept whereby the best solution was perturbed by the stochastic behaviuor of one of the main parameters involved in the production process. The analysis of the results obtained permitted an evaluation of the risk associated with the best solution due to the uncertainty in the input parameters.

Jan 1, 2012

Mineral liberation data are routinely obtained for a wide variety of applications, including ore characterization and characterization of various metallurgical test products obtained in bench-scale laboratory testwork. Newmont Mining Corporation owns several properties in the Carlin Trend containing refractory gold ores. These ores are generally difficult to treat and have to undergo several processing stages for gold recovery. At Carlin?s Mill 5 operation, flotation is used to pre-concentrate some of these difficult ores to produce a sulfide concentrate to feed the roaster. It is of interest from a flotation perspective to be able to study the floatability of pyrite, arsenopyrite and arsenian pyrite, since these minerals all have different quantities of gold associated with them, and have to be recovered to ensure a successful separation has been achieved. In this paper, a detailed MLA study on several Carlin ores was undertaken on samples from flotation tests, using air or nitrogen as flotation gas, specifically to study the differences in floatability characteristics, which ultimately impacts overall gold recovery. I

Jan 1, 2009

By Robert J. Timko, Charles D. Taylor, Edward D. Thimons, Tom Mal

A test system was developed for measuring airflow in the National Institute for Occupational Safety and Health (NIOSH) ventilation gallery using a three-axis ultrasonic anemometer. The gallery was used to simulate face airflow conditions in underground mines having a blowing curtain. Airflow data collected at multiple sampling locations between the face and the end of the curtain were used to draw airflow profiles for different curtain setback distances, intake flow quantities and entry widths. In addition, methane was released at the face, measured at the sampling locations, and displayed as methane distribution in the area between the curtain and the face. Entry geometry had a significant effect on airflow patterns, and the flow patterns affected the distribution of methane in the entry. Flow measured at and parallel to the face was a good predictor of methane dilution and removal within two feet of the face.

By Kimiz Dalkir

Some things to keep in mind? ! What is your role in knowledge management? ! What knowledge-related challenges are you facing today? ! How does important knowledge get shared in your organization? ! Can you name factors that enable/block innovation and organizational learning in your work context? A brief history of KM? ! Top-down / imposed ! Rigid / bureaucratic ! Slow deployments ! Expensive ! Unpopular: empty libraries, info-junkyards, low adoption rates ! Problems measuring success ! The result: traditional KM is not the answer

May 1, 2003

By Ashutosh S. Dhar

Cast-in-place piles were examined in this paper from the viewpoints of construction quality, axial capacity, and load-displacement responses. The results of ten 450 mm diameter (18? f) bored piles, installed in a soil deposit of silt to medium dense sand using the method of percussion drilling, were tested under static loads. The results of the pile load tests were used for evaluation of various design methods of calculating pile capacity. The study revealed that the design methods based on the concept of critical depth underestimated the ultimate skin fiction. Thus, the applicability of the critical depth concept for design of bored piles under the soil condition considered may be unreliable. The estimated skin friction factor, ß, was too low in these methods. The Tomlinson method and the Neely method provided the best prediction of the ultimate skin friction. The methods used for calculating end bearing resistance were found to provide a conservative estimate of the resistance. During pile load tests, a settlement of 5 to 6 mm was required for full mobilization of skin friction for the piles in loose sand, while larger settlements (> 10 mm) were required for piles in denser soil. The ultimate skin frictional resistance was observed to be low for piles in loose sand.

Jan 1, 2006

The addition of cement to underground backfill at The Zinc Corporation, Limited and New Broken Hill Consolidated Limited, Broken Hill commenced in 1967. A deterioration in metallurgical performance at each concentrator occurred as a result, with increased loss of lead and zinc to residues. Investigations to determine the reasons for this problem and methods to counteract it have been undertaken. This paper outlines the effects of cement on lead-zinc beneficiation at Broken Hill and presents an interim report on attempts to overcome the metallurgical deterioration.

Jan 1, 1971

By G. Sauer

"More Skill is needed to avoid rather than to handle heavy ground loads." This finding, from a tunneling engineer of the nineteenth century, is still relevant today with all advanced sequential excavation and support methods available whether they are applied in the vertical or horizontal direction. Balanced contractual agreements and documents are important since they provide the spirit and climate at the site. This article aims to describe the means and measures for 'hand mined' shaft and tunnel support as they are available today. Some special construction elements and methods with a perspective in recent developments in order to avoid getting stuck in conservatism are presented as well. If we don't allow new methods, means and measures we may end up with the famous quote "Only women who have already proven they are able to give birth to a healthy baby are allowed to become pregnant!"

Jan 1, 2003

Electroosmotic Dewatering and Consolidation of Mineral Waste Tailings

Sep 13, 2010

The U.S. Code of Federal Regulations (Title 30) requires that a methane monitor be placed on every mining machine to continuously observe and record methane levels at the face. The monitor must provide a warning whenever methane levels are 1.0 percent or higher. An effective monitoring system will indicate a methane concentration of 1.0 percent on the mining machine before methane levels at the mining face reach 5.0 percent. Where the methane monitor is located on the mining machine is one of the most important factors that determines how effectively face methane levels can be predicted. Any change in the sampling location will result in a change in measured methane concentration. To protect the methanometer, it is usually located on the cutting boom at least 1 to 1.8 m (3 to 6 ft) outby the front cutting bits. A face ventilation system using blowing tubing was simulated in a full-scale test facility. Methane released from the face area was monitored at multiple locations on a model mining machine as well as locations near the face. Based on the relationship between concentrations measured on the machine and at the face, criteria were developed for selecting the best machine locations for monitoring methane. Recommendations are given for revising methane action levels for alternative sampling locations.

By S. A. Aye

Vibration levels on a variety of equipment in a South African opencast mine were measured in this study. The well-established ISO 2631-1 (1997) standard methodology was used for the computation of weighted root mean square (WRMS) and vibration dose value (VDV). This method was used to evaluate the whole-body vibration (WBV) on a wide range of equipment in the opencast mine using the two main parameters, namely the daily exposure A(8) which is based on the WRMS concept and the VDV which measures shocks. The results obtained show that while the majority of the equipment rendered exposure levels that are below the exposure limit value (ELV), exposure levels on about half of the equipment do exceed the exposure action levels. The study also highlights the importance of shock in the observed responses.

Jan 1, 2011

By Michael J. Lehnen

Slurry diaphragm walls are commonly used as both temporary excavation support walls, and permanent structural walls, for circular shafts and long rectangular structures (such as underground subway stations); however, they are not commonly used for more compact rectangular or square shafts. In these instances, a second wall is typically cast inside the slurry walls to form the permanent structure. This paper discusses the approach used on the Silicon Valley Rapid Transit Project in California to analyze these compact rectangular types of structures for static and seismic loading, and to determine whether or not slurry walls can be confidently used as both the temporary and permanent walls for two tunnel ventilation shafts.

By R. L. Virta

Four companies mined ball clay in four States during2004. They were H.C. Spinks Clay (owned by Franklin Minerals) Kentucky-Tennessee Clay (owned by Imerys),Old Hickory Clay and Unimin. Production was estimated to be 1.46 Mt (1.61 million st) valued at about $56.9 million, based on a preliminary survey of the ball clay industry. In 2003, production was 1.31 Mt (1.44 million st) valued at $56.2 million. Tennessee was the leading producer state with 61 percent of production. It was followed by Texas, Kentucky and Mississippi.

Jan 1, 2005

By J. C. Borland, J. H. Rogerson

Jan 1, 1963

By James Withers, Dongbo An, Jinhong Zhang

A micro-scale investigation was carried out by applying atomic force microscopy (AFM) to study in situ the adsorption of various collectors, i.e., oleic acid, octanohydroxamic acid (HA), and salicylhydroxamic acid (SHA), on bastnaesite in aqueous solutions. The obtained AFM images show that the surface morphology of bastnaesite changes greatly after it comes into contact with the solutions of the collectors, suggesting that all these collectors can effectively adsorb onto bastnaesite. Increasing temperature can facilitate the adsorption of oleic acid onto bastnaesite. Results from attenuated total reflectance–Fourier transform infrared spectrometry (ATR-FTIR) also show that all of these collectors adsorb strongly onto bastnaesite, with strong absorbance spectra being detected. The ATR-FTIR results confirm those obtained by AFM. In general, hydroxamic acid collectors (HA and SHA) adsorb onto bastnaesite mainly in the form of insoluble metal hydroxamate. This specific adsorption mechanism explains that a high selectivity with a moderate collectivity will be achieved with a hydroxamic acid collector for the flotation of bastnaesite.

By James Withers, Dongbo An, Jinhong Zhang

A micro-scale investigation was carried out by applying atomic force microscopy (AFM) to study in situ the adsorption of various collectors, i.e., oleic acid, octanohydroxamic acid (HA), and salicylhydroxamic acid (SHA), on bastnaesite in aqueous solutions. The obtained AFM images show that the surface morphology of bastnaesite changes greatly after it comes into contact with the solutions of the collectors, suggesting that all these collectors can effectively adsorb onto bastnaesite. Increasing temperature can facilitate the adsorption of oleic acid onto bastnaesite. Results from attenuated total reflectance–Fourier transform infrared spectrometry (ATR-FTIR) also show that all of these collectors adsorb strongly onto bastnaesite, with strong absorbance spectra being detected. The ATR-FTIR results confirm those obtained by AFM. In general, hydroxamic acid collectors (HA and SHA) adsorb onto bastnaesite mainly in the form of insoluble metal hydroxamate. This specific adsorption mechanism explains that a high selectivity with a moderate collectivity will be achieved with a hydroxamic acid collector for the flotation of bastnaesite.

By H. A. Taylor

Graphite is elemental carbon that crystallizes in the hexagonal system as six-sided platelets. It occurs naturally and is mined. And it can be made artificially from petroleum coke in the form of shapes (electrodes) and powders. The market for most kinds of graphite in most end-uses was good in 2004. The 2005 graphite market looks positive. The major graphite prices, as given in Industrial Minerals, remained unchanged throughout the year. The preliminary 2004 U.S. Geological Survey (USGS) prices for natural graphite showed almost no change for crystalline flake. They were $600/t ($544/st) in 2004 and$622/t ($564/st) in 2003. Mexican amorphous graphite was almost unchanged at $150/t ($136/st) in 2004 from$152/t ($138/st) in 2003.

Jan 1, 2005