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By Harper F

This paper outlines the authors' views of the methodologies which can be employed to value mineral properties at different stages of development for the purposes of project financing, mergers and public floats. This paper discusses the key issues in Discounted Cash Flow (DCF) analysis including the importance of data verification and the shortcomings in DCF analysis. Stockmarket valuation measures and valuation methodology for exploration and pre development projects are examined through examples and pitfalls are identified. The use of valuations in corporate transactions and their strategic value is also discussed.

Jan 1, 1994

By J. J. Barakso, C. Tarnocai

This paper outlines a method of testing for the mercury content of rocks, soils and plants. Techniques of sample collecting are described and the analytical procedures outlined. Examples are given of mercury determinations in two known mineralized areas in British Columbia - Copper Mountain Mines and Pacific Nickel Mines.

Jan 1, 1970

By G Johnson, G W. Wilson

The settlement and drainage behaviour of co-mix, or mixtures of waste rock and tailings, are examined in a column study. Three co-mix profiles were observed for settlement, drainage, and pore water pressure response. A fourth profile with waste rock and no tailings was also observed for settlement. Co-mix consolidated faster than predictions for tailings alone, and maintained a saturated void space relative to waste rock alone. Practical benefits of co-mix as a waste disposal technology may include faster time to consolidation than tailings, a reduction in total settlement of placed material compared to tailings alone, and a reduction in acid drainage by limiting the flow of water and oxygen through maintenance of a saturated void space.

Jan 1, 2003

By D. C. Jackling

I BESPEAK your indulgence for a brief expression of the views of a patriarch in the field of mineral industry technology relative to young men's problems in that sphere of education and endeavor. Wherever hereafter I employ the terms "technical education," "engineer," "technologist," or similar expressions, these are intended to be understood as relating to the broad field of the sciences and arts applicable to the mineral industries. First, the usefulness of technical education to either the possessor of it or those to whom its services may be made available industrially depends primarily upon the quality of the education and the capabilities of the educated to put his talents to effective and constructive employment in his chosen field of applied science.

Jan 1, 1940

By M. M. Ali, C. Musingwini, R. A. Phillips

The long-term open-pit mine production scheduling problem (OPMPSP) is typically solved in two broad stages. The first stage entails optimisation of the ultimate pit limit, which delimits the economical final pit and maximises the undiscounted value of the deposit. The second stage entails optimisation of the long-term open-pit mine production scheduling, which maximises the discounted value of the deposit. The long-term OPMPSP is a type of an NP-hard problem, such as the travelling salesman problem (TSP), because it is intrinsically complex to solve since it incorporates both hard and soft constraints. Therefore, metaheuristic approaches have been used to find global optimum solutions to the long-term OPMPSP. This paper presents a metaheuristic approach utilising a dual interchange algorithm (DIA) to solve the long-term OPMPSP. The DIA is a parent algorithm which supervises two subservient algorithms, namely, simulated annealing (SA) and Tabu search (TS). The DIA selects the better solution generated in each run from the two algorithms, and simultaneously penalises the algorithm that produced an inferior solution, while rewarding the one that produced a better solution. The DIA was tested on the three-dimensional Arizona Copper Deposit (KD) dataset, which is publicly available for research purposes from the online MineLib repository. It was set to generate net present values (NPVs) in five-minute intervals and the solution improved until it plateaued at about 30 minutes of runtime. The NPVs compared favourably to those obtained on the same KD dataset but obtained over 24-hour runtimes, when solved using simulated annealing and Tabu search algorithms, and the NPV generated from the work of Muñoz (2012) using the modified TopoSort as found on the MineLib repository at the time of this study. Therefore, this paper demonstrates that DIAs can be developed and used to solve the three-dimensional long-term OPMPSP.

Sep 1, 2021

By Peter M. Power

A microscopic study was made of a series of simultaneous slag and metal samples taken from a low carbon basic open hearth heat. An attempt was made to identify the various micro-constituents found. As the various impurities in the bath are oxidized, the metal structure changes from that of high-phosphorus white cast iron to that of low.-carbon steel. A detailed study of phosphorus distribution is included. The acid run-off slag has an .acicular orthosilicate structure which changes on 'shape-up' to a very basic tri-calcium silicate and calciuim ferrite structure. Many unidentified minor constituents are present in the slags. Though metallography will never replace chemic.al analysis of the bath, the microsopic study of polished slags has some promise of being useful in slag control work.

Jan 1, 1956

By G. F. Comstock

THE subject of transverse fissures in steel rails has been discussed very thoroughly in recent years from various points of view and the final opinions expressed may be roughly classified into two groups: (1) That these fissures are the result merely of fatigue of the steel and are independent of the quality of the metal. (2) That the quality of the metal and the mill practice must have something to do with them. The first point of view was most-ably and logically presented by J. E. Howard,1 and in the discussion of this paper, as well as in several other preceding publications, Dr. P. H. Dudley, Consulting Engineer of the New York Central Lines, has strongly defended the other opinion.2 The steel makers of the country have naturally rallied under Mr. Howard's banner, hoping to place the entire blame for these. failures upon the railroads with their high wheel-loads, hard steel, heavy traffic, and sometimes inferior roach-bed; while the railroad men,, on the other hand, have been busy accumulating statistics and records in the effort to find an actual reason in the rails themselves that would account for the seemingly haphazard occurrence of transverse fissures under varying conditions and at widely separated points. The view that these fissures were due merely to normal fatigue under alternating stresses seemed most reasonable to the writer until quite recently, because from work clone in this laboratory, as well as the work of other investigators of the problem, no structural differences, in the vast majority of cases, were found between metal at the nuclei of transverse fissures and metal at similar positions in the same rails or in other rails that had not developed fissures. . Within the last year or two, however, since the method of etching polished sections for the microscope with a cupric chloride solution has been tried systematically. on lengthwise sections, passing through the nuclei of transverse fissures, evidence

Jan 11, 1918

G. F. COMSTOCK (author's reply to discussion *).-The discussion of this paper has been of such volume and interest as to constitute in itself a sufficient excuse for the paper, even though the paper itself may have been as much in error as some of its critics have maintained. Mr. Howard does not appear to realize some very practical facts that the opponents of his theory have advanced. Among these are: the coarsely crystalline fracture of the nucleus of a transverse fissure, so different from the smooth fatigue break around it; the occurrence of fissures in large numbers in certain heats or rollings of rails, while other heats or rollings do not develop them; and the much smaller proportion of transverse fissures found in rails rolled .from reheated blooms as compared with direct-rolled rails. These facts are not explained by Mr.

Jan 6, 1919

JAMES E. HOWARD,* Washington, D. C. (written discussion?). -Mr. Comstock, in his classification of the possible causes of transverse fissures, has not quite caught the point of view of the writer. It appears, following the trend of thought in Mr. Comstock's paper, that three groups instead of two might bee enumerated, namely: Fatigue of the steel, quality or, preferably, grade of steel, and mill practice. All steels are liable to failure by fatigue. Stresses that are capable of causing fatigue fractures are modified in their magnitude by the grade of steel acted upon. Mill practice is a term having a very wide meaning and in its relations to the development of transverse fissures has been used with such vagueness as to include many known factors and some that are unknown in the arts. According to the grade of steel employed, fatigue fractures may be accomplished by loads of greater or less magnitude, hence there is a relation between quality, or grade, of steel and the display of fatigue fractures. Mill practice of such an order as to affect the formation of transverse fissures must be shown to exert an influence on the ability of the steel to endure repeated stresses. Different grades of steel are selected for different purposes. Steel employed for fire-box purposes is of different grade from that used for cutting tools; although each grade is suitable for its purpose, and therefore of good quality. It is conceivable that a demand might be made for steel of physical properties in excess of those of any known grade. Under such a demand, impossible of' fulfillment, it would not be proper to refer to the steels as being deficient in quality; to do so would be a failure to recognize that all steels have their limitations in strength. Service conditions peculiar to rails admit of successive advance until the conditions can no longer-be met. The failure of a large number of rails from one type of failure, when all known means of averting the failure have been employed without success, is sufficient evidence that the end is close at hand. Iron rails, for a time, successfully met the requirements of railway service but weight of equipment, motive power, and rolling stock were increased, necessitating the use of steel. The early steel rails enjoyed the reputation of being of excellent quality, although: neither chemically nor structurally would they be so regarded ,lit the present time. They did good service in their day and under the conditions then prevailing were good rails. To meet the increased weight of rolling stock there has been

Jan 3, 1919

By Frederick Rhines

PURE copper that has been allowed to oxidize at an elevated tempera-ture in the air is found to be covered with two distinguishable layers of oxide scale. The outer of these, which is very thin, is composed of cupric oxide, while the inner layer, comprising the bulk of the scale, is made up chiefly of cuprous oxide (Fig. 1a). If a small quantity of an alloying element, such as silicon, is present in the copper, silica particles are found disseminated through the cuprous oxide, deposited most abundantly near the metal surface, and, in addition, silica particles occur to a limited depth within the copper itself (Fig. 1b). It is this inner layer, composed of oxide particles precipitated in a matrix of metallic copper that is known as the "subscale" or the zone of internal oxidation. Under a low oxygen pressure it is possible to produce the subscale without the formation of external layers of copper oxides, thus leaving the metal surface bright and apparently clean while oxidation has occurred, in fact, to a considerable depth within the metal (Fig. 2). Although little is yet known in a detailed way of the mechanism of internal oxidation, the general nature of the process is evident. By virtue of the considerable solubility of oxygen in copper,1 it is possible to bring the alloying element in contact with oxygen within the metallic solid solution. If the oxide of the alloying element is more stable than cuprous oxide, the foreign oxide may form and, since most oxides are relatively insoluble in copper, it will not long remain in solution, but will separate as a precipitate. As the metallic solute is exhausted in the zone of precipitation, oxygen that is constantly being supplied at the surface diffuses farther into the alloy and thus produces an ever-thickening shell of subscale. The distribution of the reacting elements in the subscale and adjoining zones must be somewhat as indicated in Fig. 3. The conditions requisite to internal oxidation to be anticipated are thus: (1) a solubility of oxygen in the alloy, (2) the ability of oxygen to diffuse at an appreciable rate into the alloy, (3) the possibility of the

Jan 1, 1940

By J. L. Gregg

RECENTLY there has been considerable interest in the production and use of, extra hard alloys composed primarily of tungsten and carbon. Dr. Hoyt's recent paper1 gives a good description of these alloys and describes their performance when used as tools. There are a number of these alloys on the market sold under various trade names, and it is the purpose of this paper to describe the results of an investigation of the structure of five of these alloys by means of microscopic and X-ray methods. The samples studied were in the form of small tools or wire-drawing dies, which were either purchased or supplied as samples. They were in some cases not supplied by the original makers but were furnished by the agents in this country, and we wish to call attention to the fact that they may not be truly representative of the materials supplied under the various trade names. No performance data are given and no inference as to the inferiority of one alloy as against any other is made K Schröter2 recently described methods for polishing alloys of this type for microscopic examination and has presented photomicrographs of several alloys. However, he did not identify their constituents or describe methods for their identification.

Jan 1, 1929

By J. L. Gregg, J. L.

RECENTLY there has been considerable interest in the production and use of extra hard alloys composed primarily of tungsten and carbon. Dr. Hoyt's recent paper1 gives a good description of these alloys and describes their performance when used as tools. There are a number of these alloys on the market sold under various trade names, and it is the purpose of this paper to describe the results of an investigation of the structure of five of these alloys by means of microscopic and X-ray methods. The samples studied were in the form of small tools or wire-drawing dies, which were either purchased or supplied as samples. They were in some cases not supplied by the original makers but were furnished by the agents in this country, and we wish to call attention to the fact that they may not be truly representative of the materials supplied under the various trade names. No performance data are given and no inference as to the inferiority of one alloy as against any other is made. K. Schröter2 recently described methods for polishing alloys of this type for microscopic examination and has presented photomicrographs of several alloys. However, he did not identify their constituents or describe methods for their identification.

Jan 1, 1929

By J. C. Underwood

"The wear performance of grinding balls under conditions of impact and abrasion is affected by their chemical composition and structure. The selection of appropriate analyses and heat treatments that will provide both abrasion and impact resistance takes into account the effects of certain elements on structure and harden-ability, as well as the over-all effect of composition and hardness penetration on the residual stress pattern developed through heat treatment. Direct quenching from forging temperatures substantially increases hardenability over that obtained in reheat-quench practices, and can be done without undue risk of damage to the ball provided that the harden-ability bears the correct relationship to ball diameter.Average volumetric hardness and percent hardened volume are convenient parameters for quantitatively expressing the response to heat treatment and indicating anticipated wear properties. A number of factors which can lead to reduced wear life as a result of material or processing problems are reviewed and illustrated."

Jan 1, 1959

By AIME AIME

M ODERN metallurgy properly belongs to this century. The great advance made in this science is directly attributable to the discovery of the Roentgen rays. Application of the results of this discovery, together with the more recent corroborating studies in electronic diffraction have definitely and for all time established this science. Metallurgists today speak with familiarity of the atoms of the different metals in terms of their orientation, atomic volumes, lattice structures, dimensional lattice constants distance of nearest approach, and the like. One matter of profound interest, which is quite staggering to the imagination of the human mind, is the enormity of the number of atoms even in a small particle of metal. As an illustration, let us compute the number of atoms in the volume of one cubic centimeter in a single grain of absolutely pure copper. Eighteen and a fraction cubic centimeters equal the volume of one cubic inch.

Jan 1, 1940

By L. I. Boshoff, S. Gracie

This paper discusses pilot and laboratory-scale metallurgical test work conducted on bulk samples from a low grade heavy mineral deposit and provides an overview of basic practical metallurgical techniques applied to ascertain the suitability of existing production plants to process material from this orebody. Previous investigations have shown this specific orebody to be more challenging in terms of mineral beneficiation as it has a high gangue mineral content. Test work was conducted on targeted stratigraphic units based on lithology and assay results to enable identification of the stratigraphic units portraying quality issues. Unit specific metallurgical pilot work has never been conducted on any of the RBM orebodies and is a new field currently being explored. During this investigation focus was placed on potential quality and yield issues for ilmenite product, with particular reference to CaO quality. A basic evaluation of zircon and rutile separability was also conducted. The test work was conducted using a comparative baseline methodology with metallurgical test work methods specifically aiming at mimicking the existing production plant as closely as possible. This enabled not only the likely metallurgical performance to be assessed but also indicated whether current plant design would be suitable to process the low grade ore types into products of acceptable quality at acceptable yields. The methods and findings discussed in this paper indicate that although there is considerable variation between different units, a blended feed can be successfully processed. With unit specific metallurgical data applied to the existing geological block model, expected yields and recoveries using current plant designs could be predicted.

Jan 1, 2007

By R. B. Casault, J. D. Boyd, D. R. Bell

"Full-scale sections of three different types of Grade 483 line pipe have been evaluated extensively. The variations in chemical composition, optical microstructure, tensile properties, hardness and Charpy impact toughness with specimen orientation and location were determined. Significant variations in several properties, notably Charpy shelf energy, impact transition temperature, inclusion content and ferrite grain size, were observed for different locations in the pipes. The results indicate that current specifications call for test samples for the most conservative locations, except for impact tests. Minimum Charpy impact values generally occur at the II2-width location, which may be a more appropriate specified test location than the present I/4-width location. The anisotropy of impact toughness, and the importance of low sulphur content and inclusion shape control for adequate toughness in the transverse/rolling-direction orientation were demonstrated. The orientation of impact specimens is critical for spiral-weld pipe, and the current specification test is non-conservative in that it can give results which are two to three times higher than the minimum value for the steel.IntroductionThis report presents the results of an extensive metallurgical evaluation of three different Grade 483 line-pipe steels. The sample material came from full-scale sections of line pipe, which represented current commercial practice at the time of manufacture (1975-1977). Since then, significant improvements have been made in the manufacturers' procedures for producing skelp and pipe, and the line-pipe specifications have been revised. Hence, the information in this report is dated in terms of current design, but it is unique and significant in several respects:"

Jan 1, 1982

By Giulliane Meireles Casali Gonçalves Torres

Os arrebentamentos que ocorrem durante o processo de trefilação geram impacto na produtividade e rendimento operacional em função do retrabalho gerado na realização de solda cada vez que o material se rompe e consequentemente no tempo perdido para execução desta etapa. A metalografia é a ferramenta mais eficiente para caracterização das causas dos arrebentamentos durante a trefilação. Faz-se necessário a utilização de microscopia e aplicação dos reativos específicos destinados a revelar a origem da anomalia. O presente trabalho objetiva mostrar os principais tipos de fraturas na trefilação e suas respectivas origens, através do estudo de quatro casos distintos, são eles: fratura resultante de quebras internas (rupturas centrais), fratura dútil por tração, fraturas resultantes de quebras na solda e fraturas lascadas causadas por formação de “pé de corvo”. Os resultados das análises mostram de forma objetiva se a anomalia foi gerada a partir da matéria prima (defeitos superficiais no fio máquina) ou problemas de processo/operacionais durante a trefilação.

Aug 17, 2017

By [Miroslaw] M. Hajdasinsk

The identification of the real internal rates of return (IRR's) of a project is essential for its economic evaluation. The existing methods for the calculation of IRR's are both cumbersome and unreliable, mainly because of their inability to effectively isolate the real IRR's and incapability of discovering multiple IRR's of even multiplicity. In this paper, a concept of the 'cash flow pattern tree used for isolation of the real IRR's of a project is presented. This concept, combined with the Sturm procedure for counting the real distinct zeros of a polynomial within a specified interval, leads to the development of a method and computer program for isolation and calculation of the real IRR's of a project. The method examines whether or not real IRR's exist, and if they do, isolates them within bounded and narrow intervals in a mathematically founded way. The isolated IRR's, whether simple or multiple, are subsequently calculated either directly or by means of an appropriate approximation procedure. Numerical examples assist the development of the method and the corresponding computer algorithm. Because any Net Present Value treated as a function of interest rate can easily be transformed into a polynomial, the method presented also constitutes a method for finding the real zeros of a polynomial.

Jan 1, 1986

By F. A. Forward

Introduction The main line of ascent in the development of the nickel industry may be traced back through the International Nickel Company of Canada, Limited, to its earliest antecedents, the Canadian Copper Company and the Orford Copper Company. Mining geology is but one aspect of the overall development of this organization, and the stress it has placed on geology grew according to the need. In the early days, intensive geology was not required because ore supply was not one of the main problems of this or any of the pioneer companies. The difficulty then was to find economic methods for reducing the ores to nickel and copper, and markets for absorbing nickel in the face of a limited demand from consumers heavily prejudiced in favour of the New Caledonia product. "Very early in the history of the region it was patent to everyone that to share in the full benefits of the industry the same individuals or company must control the whole of the operation necessary to manufacture the finished product' (1, p. 45). These conditions were fulfilled for the International Nickel Company in 1902 when the Canadian Copper Company (incorporated 1886), with its ample ore supply, took the initiative to merge its interests with those of the Orford Copper (Refining) Company (incorporated 1887) to form the new company which, with reorganizational changes, emerged as the producer of the overwhelming bulk of the world's nickel. The Mond Nickel Company, Limited, entered the field in 1899 with a refining process, and over a period of years acquired ore through purchase of mining properties. This Company operated successfully and independently until 1929 when its assets were joined with those of the International Nickel Company in order to permit the most economic exploitation of the Frood-Stobie orebody in which both Companies were interested.

Jan 1, 1948

By J. Y. Hwang

Alunite has been utilized as raw materials for producing alumina and potassium sulfate fertilizer in Russia for many years. In the United States, this mineral has not been commercially processed though reserves of 5 to 10 billion tons of alunite ore have been estimated. Major constituents of these ores include quartz and alunite. The minerals are finely intergrown and liberation occurs below 10 microns. Adequate separation techniques for such fine particles have not been developed. A new method for the beneficiation of alunite ore is proposed in this study. 'Ibis method utilizes a small amount of fine magnetite upon which the liberated quartz is selectively flocculated. The co-flocculated magnetite and quartz are then separated from the alunite in a high gradient magnetic separator. Clean products, e.g. an alunite concentrate of 90% grade with 80% recovery, has been obtained from an Utah ore. Techniques for the selective co-flocculation of magnetite and quartz, the separation of the carried quartz, and the recovery of magnetite after separation are discussed.

Jan 1, 1985