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By A A. Ndiaye, A Galli

In a companion paper on current hedging practices in the mining industry (Armstrong et al, 2009) we showed that contrary to popular belief, mining groups are still using financial derivatives to hedge against foreign exchange risk and interest rate risk, and more recently against adverse changes in energy prices, notably the oil price. This paper presents a case study on a hypothetical gold mine to illustrate the impact that hedging policies could have on its profitability by reducing the downside risk due to adverse changes in the exchange rate and increases in fuel prices. The characteristics of the hypothetical mine have been set to reproduce those of a real gold deposit, the Kisladag mine that is currently being exploited by open pit methods in Turkey. This mine was selected because its feasibility study was available to the public. Geostatistical simulations are used to reproduce the inherent uncertainty on the recoverable reserves û stochastic simulations are used to generate the variability of the other three key sources of uncertainty: the gold price, the cost of energy and the exchange rate. A simple strategy based on straightforward vanilla options (puts and calls) was developed for hedging the last two risks, on the assumption that the company sells its production at the prevailing spot price.

Jan 1, 2009

By John Chadwick

In the drive for faster development advance rates, railbound systems can be advantageous, in the right application. Skanska BS, the contractor to mine-owner VSK Mining, is driving an adit access deep into the Volouské Urchy Mountain in Slovakia to access the Gemerská Poloma talc deposit, some 70 km (43 miles) west of Ko?ice, the economic and cultural center of eastern Slovakia. Skanska began driving the Stolna Elisabeth drift in February 2007, extending 25 kg/m (50 lb/yd) rails (with 750 mm or 30 in. between sleepers) into the mountain to provide the main haulage to bring talc ore and waste out of the new mine once it gets into production. It will also be used for personnel transport, and is now almost complete. As a second egress and for ventilation, a 2.5-m- (8.2-ft-) diameter shaft of about 300-m (984-ft) depth will be sunk from surface down into the orebody. Stolna Elisabeth is a 4.2-km- (2.6-mile-) long drift mined at a cross section of some 11 m2 (118 sq ft). The finished profile is 3.2-m- (10.5-ft-) wide by 3.6-m- (11.8-ft-) high. It has been developed on a very slight incline so that water runs down it to the portal. The portal is 450 m (1,476 ft) above sea level and the end of the tunnel is 475 m (1,558 ft) above sea level. Much of the rock through which it has been developed is magnesite with a compressive strength of 150 MPA. The drilling jumbo is an Atlas Copco twin-boom Boomer 282 Raildrill drilling 42- to 45-mm- (1.6- to 1.7-in.-) diameter holes to a maximum length of 2.5 m (8.2 ft), depending on ground conditions. This is a drill jumbo that Skanska has used successfully on a number of projects during its life. The condition of the rock through which this drift has been driven is extremely variable. Five classifications of A1 and A2 and B1, B2 and [ ] B3, where A1 is the most competent rock and B3 is the worst, have been established. The amount of support used, of which more later is determined by the classification of ground conditions. At the time of the author?s visit, the project it was about 40 days ahead of schedule, thanks to high advance rates. For instance 6 m/day (20 ft/d) was the plan for the advance to be achieved in B1 rock, but sometimes the crews have achieved 8 m/day (26 ft/d) ? which is the average for the whole project ? in those conditions. In A1 the best advance rate achieved is 12 m/day (39 ft/d). The loading unit is a Häggloader 9HR-B on crawler tracks with a pony track to run on the rails. This allows the unit to be towed up and down the drift along the rails. To load from the face, the Häggloader lowers the foot of its onboard conveyor system to the floor and the backhoe pushes material on to it. This digging arm-conveyor combination produces uninterrupted, optimal volume loading of the haulage unit, without spill ? a technique offering load capacities as high as 180 m3/h (6,356 cu ft/hour). Further-more, as an electrically powered machine, it offers great

Jan 1, 2009

By A Prinsloo, R Tewu

Automatic control of semi-autogenous grinding (SAG) mills has often been considered complex. Recent experiences at Century Zinc (worldÆs second largest open pit zinc mine) refute this. Together with operating knowledge and appropriate control techniques high quality control is achievable. In this application model-based, constraint, and multiple output control were employed. The control was implemented using standard blocks in the plant DCS. The resulting overall control strategy fulfils the operating objectives and controls the mill with minimal operator involvement over 95 per cent of the time. Previous campaigns using expert systems and complex DCS based control have lacked durability. Their fall into disuse is briefly discussed.

Jan 1, 2009

By Youze Xu

The effect of oxalic acid, acetic acid, citric acid and EDTA on extraction of Cr (?) in soils contaminated by chromium- containing slag was investigated using a batch of incubation experiment. The results show that the pH value decreases more obvious with the increase of the amount of organic acid. The amount of Cr (?) extracted increases with increasing the amount of organic acid. When the ratio of organic acids to total Cr was 5:1, citric acid revealed the highest extraction effectiveness, followed by EDTA, oxalic acid and acetic acid, respectively. The amounts of Cr(?) extracted by citric acid, EDTA, oxalic acid and acetic acid increased by 439%, 244%, 215% and 162%.

Jan 1, 2009

By J Hall, A Gallardo, M Strizek

Mineralogy and coproponents Sino Iron, International Minerals and Austeel are in the process of developing four world class magnetite iron ore mines with multiple open pits along a 25 km strike length of Brockman Iron Formation to the south of Cape Preston on the West Pilbara coast. The close proximity of the proposed pits raises some challenging project approvals and environmental management issues relating to the impacts of dewatering at individual projects and the cumulative impacts of progressive development on local and regional groundwater resources, which includes a large fresh water aquifer system in the Fortescue River alluvium.This paper presents an outline of the hydro-environmental impact assessment process adopted and the key result that the cumulative impacts of dewatering at all four projects on the local brackish groundwater system in the basement rocks is only marginally more than the impact of any one project on its own, and that the impact on the Fortescue River alluvium aquifer is negligible. The paper also presents an outline of the proposed integrated water management approach that will involve coordinated monitoring, ongoing impact assessment and management, and reporting programs for all projects.

Jan 1, 2009

By Robert Giglio

Looking back over the last 150 years or so, it is not hard to see that electricity has been a primary force in shaping human development. It has been a basic ingredient in our industrial revolutions that simultaneously improved the productivity, working and living conditions within our farms, factories, hospitals, offices and homes. Today, it has become an essential part of our daily life and our future. Amazingly, we keep finding new ways to use electricity to make our lives more safe, comfortable and productive. It is a great success story of human ingenuity, achievement and development. Demand for electricity The convenience and value of electricity has not gone unnoticed by consumers. According to the U.S. Department of Energy (DOE) (Energy Information Administration, 2009), electricity is the fastest growing form of energy in the world and during the next 20 years the world will likely consume twice as much of it as it does today. In 2008, almost 20,000 terawatt hours of electricity globally were consumed (Energy Information Administration, 2009). That is enough electricity to light up more than two million baseball stadiums or power more than 11 billion computers continuously for an entire year. The United States has the dubious distinction of be-ing the largest consumer of electricity in the world with enough power to provide each American with more than 3 kW of electricity ? that is about twice the power currently available to Europeans, eight times the power available to the Chinese and more than 25 times the power available to the citizens of India (American Coal Foundation, 2009).

Jan 1, 2009

By Liang Sha

In this study, adsorption of copper by chemically modified orange peel was investigated. A conspicuous change occurs in the surface morphology of the biomass due to modification, which is depicted by SEM images. Equilibrium isotherms and kinetics were obtained and the effects of various factors, including solution pH, contact time, initial metal ions concentration and temperature, were studied by batch experiments. Kinetics was found to be best-fit pseudosecond- order equations. Equilibrium was better described by Langermuir isotherms rather than Freudlich isotherms. At 25?, pH5.30, the maximum adsorption capacity was 70.67mg?g-1 . With increase of temperature, adsorption efficiency decreased. The biosorbent was suitable for repeated use for more than five cycles.

Jan 1, 2009

Terramin Australia LimitedÆs Angas Lead and Zinc Mine operates in the unique and picturesque environment of Adelaide Hills, 60 km South East of the Adelaide city centre itself. The mine was granted approval for construction by the South Australian Government in April 2007 and the Process Plant was constructed and commissioned in July 2008. This paper outlines the background to the plant design and the approval process given the close proximity to the local town of Strathalbyn, with a major focus on the commissioning learnings from the Concentrator startup for future reference and a review of the operational performance of the Concentrator throughout the first year of successful production versus design and expectations.

Jan 1, 2009

By Stephen M. Smading

The Jinping-II hydroelectric project in China features four parallel headrace tunnels approximately 18-km- (11-mile-) long. Two will be excavated by tunnel boring machines (TBM) and two by drill-and-blast. A nearby fifth tunnel is being excavated by a 7.2-m (23.6-ft) TBM to draw down ground water in advance of excavating the headrace tunnels. Unique onsite assembly of a 12.43-m (40.7-ft) main beam TBM and backup system was completed on Sept. 18, 2008 in the remote mountains of the Sichuan province. The equipment was assembled onsite, without previously having been assembled and tested in a factory, using a method called onsite first time assembly (OFTA). This paper addresses the following topics: ? Project description including geology and terrain. ? The decision process leading to onsite, first time assembly, the assembly process and logistics, and lessons learned. ? Design features of the TBM and backup system. ? Operational history from startup to the writing of this article.

Jan 1, 2009

By Murray Pearson, Jack Murray

"The danger of autoclaves lies in the high temperatures and pressures that exist in autoclave vessels. The usage of autoclaves will continue to expand in the mining industry because of their efficiency and environmental friendliness. But increasing attention must be paid to ensuring their safety. Safety Instrumented Systems (SISs) play a critical role in autoclave plants by detecting potentially dangerous conditions, taking the plant to a safe state, informing the operator about the plant status and the cause of the trip and expediting safe plant restart. The SIS should ideally be fully integrated with but functionally independent of the Basic Process Control System (BPCS) and provide redundant logic solvers to increase safety and plant availability while reducing spurious trips.INTRODUCTIONWikipedia defines an autoclave as follows: “An autoclave is a pressurized device invented by Charles Chamberland in 1879 designed to heat aqueous solutions above their boiling point to process materials.” A typical autoclave system used in the metallurgical industry includes, besides the autoclave vessel, heat recovery (heater) vessels, high pressure positive displacement (HPPD) feed pumps, vessel lining systems, specialized internals and components, agitators, pressure letdown or flash vessels, isolation and control valves, over 2,000 I/O points and related instrumentation, and emergency relief systems."

Jan 1, 2009

By Tassilo Baur

In the motion picture/television industry and to some extent in the entertainment industries in general, there is often a need to use energetic materials to create special effects as part of a production which travels, generally by truck. This can in certain instances create unique compliance challenges given that a production may change its filming location daily or even more often

Jan 1, 2009

By Youze Xu

The leaching and reduction of Cr(VI) in soils contaminated by chromium-containing slag were investigated with column experiments. The results showed that Cr(VI) concentration in leachate decreased from 988 mg L-1 to 407 mg L-1 after 7 days when water was used as leaching agent. However, Cr(VI) in leachate in culture medium treatment was not detected at above periods. In comparison, Cr(VI) concentration in leachate from autoclaved soil remained 398 mg L-1 at the end of experiment. The results indicated that the indigenous microorganism was capable of reducing Cr(VI). The amount of Cr(VI) reduction was 335 mg at the whole experiment period and the reduction rate was 67.09 mg d-1. Carbon supply showed minor effect on Cr(VI) reduction. However the reduction capability of Cr(VI) could be improved by combination of the carbon and the nitrogen. The optimal quantity was 5 g L-1 of yeast extract and 4 g L-1 of glucose.

Jan 1, 2009

By K. Morsi

The interest in spark plasma sintering has been growing considerable over the past few years. This has been brought about by the unique advantages of the process, which include reduced sintering temperatures and times and the production of materials with unique microstructures and properties. Despite its current reputation as an outstanding process that has solved major problems such as nano-powder consolidation, it has so far been largely limited to the manufacture of simple shapes, due to its inherent geometric configuration. In this paper we present preliminary results on spark plasma "extrusion" that can allow the production of extended geometries via electric-current processing. Preliminary results on the processing and microstructure of spark plasma extruded aluminum are discussed.

Jan 1, 2009

Equipment-washing facilities at Freeport-McMo-Ran?s Sierrita Mine in Arizona produce a mixture of oil and water that was difficult to dispose of easily or cheaply. However, after some changes in the facility, waste oil is now used as part of the mining process. Freeport-McMoRan Copper & Gold Inc., head-quartered in Phoenix, AZ, operates copper, gold and molybdenum mines. It is the world?s largest producer of molybdenum. Heavy equipment used at the mine is hosed off periodically in the wash bay. The dirty water and oil mixture drains into the sump next to the bay. Oil was manually collected for disposal. This was a tedious and dirty process Mine managers sought a more efficient method of removing the oil. Instead of spending the time and effort skimming the tank with vacuums or sorbents, they enlisted the help of Abanaki Corp., manufacturer of the Model 4 Oil Grabber. Engineers designed the sump to utilize prevailing winds to blow the oil to one corner. This was the ideal place for the Abanaki skimmer. The skimmer removes the oil and discharges it into a plastic storage container. ?This reduces the time needed to keep the area clean, and the staff can focus on cleaning the equipment rather than worrying about the oil,? according to Jay Salerno, construction manager at the Sierrita Mine. Salerno is considering adding an optional oil concentrator to the skimmer to make the process even more efficient. The concentrator would remove any water picked up by the belt and return it to the sump, leaving nearly pure oil for disposal. Because the mine is located in the Sonoran desert, most of the water evaporates in the hot, dry air and is not reused.

Jan 1, 2009

By Fathi Habashi

"Crushing and grinding of ores and their beneficiation by washing away gangue minerals has been practiced since ancient times. Primitive crushing was done by hand pounding the ore with a hard stone then by using metallic hammers. The mortar and pestle was mechanized using a lever and when the size of operations increased in the middle ages, the stamp mill was introduced. The grindstone played an important role in grinding of ores. Panning for gold and hand sorting of minerals were two old methods of separation, now gave way to modern techniques. Flotation started in the middle of the nineteenth century by using oils to collect the mineral particles and float them on the surface of the aqueous slurry. It was only in the 1920s when it was discovered that organic compounds were affective floating agents. Textbooks written by distinguished engineers such as Rittinger, Rickard, Pryor, Taggart, Richards, Gaudin, and others contributed to the recognition of this field as a new discipline to be taught in Universities. INTRODUCTIONThe ancient Egyptians knew already that it would be easier to melt an earth rich in gold particles than another which is poor. As a result all efforts were made to enrich the gold by washing away the light gangue minerals (Figure 1). Another ancient method for enriching gold particles from a river stream was by means of fleece, hence the Greek myth of the “golden fleece”. The present day Georgia was known in ancient times as Colchis and was a center for gold working. It was known to the ancient Greek as the land of Golden Fleece. The use of special cloth to catch gold particles was also described by Agricola in his 1555 book De Re Metallica (Figure 2)."

Jan 1, 2009

By Askari-Nasab, D. Checkel, K. Awuah-Offei

Life Cycle Assessment (LCA) is an emerging environmental management tool for examining environmental impacts from cradle to grave. In this paper, LCA is used to evaluate the acidification potential (AP) and global warming potential (GWP) of belt conveyors and truck haulage systems in a surface gold mine using the ISO 14040 standards. The results show that, for AP, the truck system has 32 kg of equivalent SO2 per functional unit, compared to 8 kg for the conveyor system. However, for GWP, the conveyor has 2,820 kg of equivalent CO2 per functional unit, compared to 648 kg for the truck option.

Jan 1, 2009

By J. Asfahani

"The Schlumberger configuration used in geoelectrical sounding is slightly adapted here to obtain reliable data for both shallow and deep penetration depths from the same survey. In this configuration, two kinds of current electrode half-spacings are used: the first enables construction of vertical electrical resistivity sounding (VES) curves for shallow depths (<50 m), and the second for depths =250 m. For a given VES location, two field curves are measured and interpreted using two standard approaches. Practical characteristics of such a modified configuration are illustrated with two field applications in Syria. The first aims to characterize the structure of Quaternary and recent deposits in the Al-Ghab depression region, and the second deals with exploration for phosphatic sedimentary units in the Al-Sharquieh mine. La configuration de Schlumberger normalement employée dans les levés géoélectriques a été légèrement modifiée afin d’obtenir des données fiables à faible et forte profondeur durant le même levé. Dans cette nouvelle configuration, deux types de demi-espacements des électrodes sont utilisés : le premier permet le développement de courbes de sondage de résistivité électrique verticales (REV) pour les faibles profondeurs (<50 m), et le second atteint des profondeurs =250 m. Pour une localité REV donnée, deux courbes de champs sont donc mesurées et interprétées grâce à deux approches standardisées. Les caractéristiques pratiques de cette configuration modifiée sont illustrées par deus exemples d’application en Syrie. Le premier vise la caractérisation de la structure des dépôts Quaternaires et récents de la région de la dépression d’Al-Ghab, et le second traite de l’exploration pour des unités phosphatiques sédimentaires à la mine Al-Sharquieh."

Jan 1, 2009

By Barry Olson

The Peñasquito deposit in Mexico is one of the largest grassroots precious metal discoveries to be developed in recent years. Goldcorp Inc. acquired the gold-silver-lead-zinc property with the acquisition of Glamis in 2006. The company has since committed US$1.5 billion to construct the mine, mill and associated facilities. The first of two 50-kt/d (55,000-stpd) mill and flotation lines is currently being commissioned while engineering and construction continues on the second line. A high-pressure grinding roll (HPGR) will ultimately take total throughput to 130 kt/d (142,000 stpd). The Peñasquito property is located in the northeast corner of Zacatecas state, Mexico. The elevation of the property averages 1,900 m (6,200 ft) above sea level and it is situated in a wide east-west valley. Except for one small outcrop (Peñasquito), the area is covered by up to 30 m (98 ft) of alluvium.

Jan 1, 2009

By Michael Bayerl

The HILTI OneStep rockbolt was implemented for roadway development in German deep coal mines in 2004. The development by HILTI Company is based on a technical joint venture with RAG Deutsche Steinkohle AG. The technical development of a One-Step bolting system was required for weak strata conditions at the roadway development face. Standard resin bolting has reached the limit of performance when boreholes are squeezed and cannot be filled with capsules. In some cases the heading face is brittle and requires additional support for installation of the bolts and a person working immediately next to the borehole. The Hilti One-Step system allows automated and safe processing at the heading front and provides the key technique to avoid these problems.

Jan 1, 2009

By Dale S. Preece

"Detonation delay timing has been an important aspect of quality rock blasting for decades. Detonators that enable delay timing have improved over the years especially with the recent advent of precision electronic detonators. The positive effects of precision delay timing have been observed repeatedly in the field with improved fragmentation, heave and overall blast control. Three-dimensional computational capabilities in terms of software, material models and computer speed have recently made possible the computer simulation of multiple blast holes in a bench configuration with precise delay timing between holes. Some of the key physical phenomena enabled by precise delay timing include: 1) collision and interaction of stress waves produced by adjacent blast holes, 2) reinforcement of stress waves from multiple holes as they reflect from the bench face and ground surface, 3) reflection of stress waves from “dynamic free surfaces” created by previously detonating holes, and 4) deformation induced fracturing, cracking and fragmentation. Simulating rock blasting in 3D has shed light on the physics involved and is resulting in an evolution of our understanding of fragmentation mechanisms. Routine use of these 3D computational tools will result in a much better understanding of the complex physics set in motion by the rock blasting process and allow predictionof improved blasting."

Jan 1, 2009