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By Trevor R. Ellis

"The valuation of mineral properties in the U.S. is only partially regulated. The regulations which have jurisdiction or impact appear to have such mainly as a consequence of unintended fallout, since the regulations were designed for other purposes. Court case history can also be important. The combined results are a mixture of bad and good, with important lessons to be learned.Since 1981, the Securities and Exchange Commission has prohibited U.S. listed companies from reporting quantitative estimates of mineralization and the value of mineralization, other than proven and probable reserves. This results in the minerals appraiser (valuator) working with a shortage of data in his everyday work, both on the subject property and in sales analysis.Between 1989 and 1995, all 50 states and essentially all Federal agencies adopted the Uniform Standards of Professional Appraisal Practice (USPAP) for real property appraisals (valuations). The major national appraisal societies also require their members to abide by USPAP. A significant portion of minerals appraisals must now follow these standards. This paper will discuss the content of USPAP. It provides a very good framework for the valuation of a minerals property or a mine, both as real property and as a business. However, the credentialing standards for real property appraisers are now prohibitive for minerals appraisers."

Jan 1, 2003

By Alan M., Bateman

MR. JORALEMON'S dispassionate discussion of this subject in TECHNICAL PUBLICATION 340 of the Institute shows clearly some of the failures and successes of geology in the discovery of ore deposits. He forces us to recognize, with humility, that chance has played a greater part than geology in the recent discovery of several great copper deposits. I think, however, he wrongly ascribes to unexpected or chance discovery some deposits that were found as a direct result of geological investigation. I refer to the Rhodesian copper deposits,, particularly Roan Antelope and Mufulira, both mentioned by him as having been found by chance. Also,. I think Mr. Joralemon's paper, inadvertently, does not- give the proper credit for the early recognition of the possibilities of these deposits. I feel sure that Mr. Joralemon and the gentlemen given credit by him will welcome any further information on this subject that will throw light on what will some day- be of. historical interest and importance. Consequently, I should like to set forth some additional data that throw light on who should receive the most credit, and' to indicate that, in my opinion, sound. geological reasoning and not chance is to be, credited for the development of the. Roan Antelope and Muf ulira mines.

Jan 1, 1931

By Gerald P. Kelton

Over the past quarter of a century, the success of the hydrocyclone as a classifier in closed circuit grinding installations has permitted the introduction of the cyclone into virtually all fields of wet industrial processing. Research and experience gained in these applications have established the optimum cyclone sizes and designs necessary to provide the required performance. Although cyclones are used in widely diverse liquid-solid applications, their use for ultrafine separation clearly demonstrates the importance of a familiarity with previous case studies. Krebs Engineers is firmly dedicated to serving the process industry and has acquired the unsurpassed knowledge and experience to handle all types of separations and classification problems. Cyclones have been used for a number of applications to make what might be considered fine separations. A typical example is in an iron ore grinding circuit where a 381 mm diameter cyclone will classify an overflow product to 85% -44 micron. There is no question that this is a fine separation, but still finer separations are possible, and these are known as ultrafine separations.

Jan 1, 1983

By Michael J. Lawrence

"The VALMIN Code was developed and formally adopted by The Australasian Institute of Mining and Metallurgy (AusIMM) in 1995 and a revision was issued in 1998. The VALMIN Code applies to all relevant reports under the Australian Corporations Law, including submissions to the Australian Stock Exchange (ASX) and the Australian Securities and Investments Commission (ASIC).The VALMIN Code and Guidelines sets standards for the preparation and commissioning of independent assessment and/or valuation reports on mineral and petroleum assets or mineral and petroleum securities.It is mandatory for AusllvI:M's members to follow this Code in these relevant circumstances and failure to do so will result in serious sanction of the member by the Ausllvllvfs Ethics Committee. Public support for the use of this Code has been given by regulators (ASX/ASIC) and market participants ( eg major accountancy firms). It is also endorsed as a guide to general best practice in project assessment and valuation.This paper will discuss how the VALMIN Code has worked in practice over the past few years. It will also examine areas where the Code could be improved and how it could form the basis of a new Canadian Code for mineral property valuation."

Jan 1, 2003

By D. C. McKechnie

To the examining engineer, the ever-recurring problem involving the valuation of ore in a prospect presents at different times highly divergent aspects- some entirely physical or mathematical, others essentially personal. The majority of the problems discussed in this paper are obvious to the engineer, and need little elaboration. By the prospector and the general public, however, a number of these questions are often and completely over-looked, or else approached in such a way as to produce final results which are, to say the least, misleading and at times decidedly erroneous. While the purpose of this paper is to deal with prospects or potential mines, many of the problems considered apply equally well to mines with developed ore reserves. As the usual showings on a prospect consist chiefly of a few open-cuts and a limited amount of underground development work, an estimation of the actual ore reserves is a question of minor import, and seldom enters appreciably into an estimation of the probable value of the particular property. The physical valuation of a prospect mainly involves the consideration of such subjects as the general geological features exposed, the strength and type of mineralization, the width and persistence of any associated veins, shear zones, fractures or contact zones, together with the possible grade, size, and continuity of any ore-bodies that may there occur.

Jan 1, 1930

By B. Simser, T. Butler

Glencore’s Nickel Rim South Mine, located in Sudbury, Ontario, Canada, is a primary/secondary blasthole operation with ore zones lying between 1,100 and 1,700 m below surface. One of the main benefits of the primary/secondary mining method in high stress ground is that up to 50% of the mining will take place in secondary stopes that should be in a yielded rock mass state. Every future secondary mining stope begins as a primary stope abutment pillar. As with many mines, the stress loading history and rock mass conditions can vary considerably in space and time. Safe mining practices cannot allow for an assumption that the planned secondary stopes are indeed yielded. An incorrect assumption can result in mining development and stoping taking place in high stress ground rather than the expected yielded rock mass conditions. This can result in higher levels of seismicity than expected and incorrect ground support recommendations in areas where workers could be exposed. Seismic monitoring is the mines’ premier tool to track the actual rock mass response to mining. Yielded zones have a reasonably clear seismic signature/pattern over time that is visible in the collected data. The ability to accurately locate small magnitude seismic events can help define and delineate different stages of rock mass failure. The vast majority of the seismic data recorded by the microseismic monitoring system is below moment magnitude (Mw) 0.0. Examples are provided showing how small seismic events (Mw < -1.5) can help provide feedback from the rock mass deformation that allows the ground control engineer to gain a better understanding of how the rock mass is responding to mining processes.

Apr 26, 2022

The first form of a surety bond was an honest handshake between two or more parties, agreeing to a decision and their personal guarantee of following through to completion. This has all changed. In 1895, the United States Treasury Department disclosed that $35 million worth of personal surety guarantees on file had become worthless. At that time, a law was passed, requiring all surety bonds, in favor of the United States, must be corporate surety bonds. Today, a surety bond is one of the nation&apos;s leading financial instruments used to guarantee the completion of an obligation.

Jan 1, 1989

By Milnor Roberts

WAR struck the mineral industry of Washington with cross currents that produced a peculiar result. The State&apos;s production of coal, industrial minerals, and metals for 1941, valued at $28,507,282, was increased in 1942 under war pressure to approximately $35.000,000. Meanwhile a tremendous demand had arisen for men to construct airfields and many other large projects for the Army and Navy in Washington and Alaska, and Government plants for the mineral industry costing $140,000,000 or more, as well as a call for employees in the U. S. Navy Yard at Bremerton, the sixty shipyards, the four Boeing airplane factories with many auxiliary shops, and hundreds of other plants turning out war materials. In spite of an influx of nearly 300,000 people, causing an increase of 17.1 percent in the population since 1940, according to the Census Bureau, the State clearly is still engaged in an unusual amount of war production in proportion to its population. A large proportion of the workers have been drawn from the mineral industry to the war plants, whether through motives of patriotism, high wages, or, in the Boeing plants at least, the glamour of the operation

Jan 1, 1944

By E. M. Stiles

THE Wellington Lake power plant of the Consolidated Mining and Smelting Company of Canada, Limited, about 25 miles from Goldfields, Saskatchewan, is the second hydro-electric project operating in that Province, the first being the Island Falls plant of the Churchill River Power Company which serves the operations of the Hudson Bay Mining and Smelting Company at Flin Flon, Manitoba. The Churchill River project develops 90,000 h.p. at 56-ft. head; the Wellington Lake plant 3,300 h.p. at 75-ft. with pro-vision for an additional 3,300 h.p. unit. Churchill River power is trans-mitted at 110,000 volts over a 58-mile line of steel towers to Flin Flon and an additional 45 miles over a wooden pole-line to Sherritt-Gordon. Our steel tower-line is 22 miles long, and the voltage is 60,000; this choice be-cause certain such equipment was available from Trail. The diversion of 15,000? second-feet at 56-ft. head for 90,000 h. p. at Churchill river dwarfs our 500 second-feet flow at 75-ft. head for 3,300 h.p. In both cases, the main obstacles to be overcome during plant construction were the lack of transport facilities and the short open season. Let it be noted here that this paper deals mainly with those phases of plant construction which were particularly interesting to the writer. With-out these variations from the ordinary routine, this is just another power project whose story is better told by the accompanying charts and pictures. To many members of the Institute it is still just that; but I am writing for those who, like myself, have been too seldom responsible for major under-rakings at an appreciable distance from a railway siding. When it was planned in early 1937 to erect a 1,000-ton mill at our Box mine, both hydro and Diesel power were discussed. With ten years&apos; ore in sight, even an expensive hydro project, such as ours turned out to be, produces kilowatts materially below the 2-cent operating cost of a Diesel plant using fuel-oil at 14 cents a gallon.

Jan 1, 1940

By E. G. Dahlgren, Dan O. Howard

THE West Edmond oil field, which covers parts of Oklahoma, Canadian, Kingfisher, and Logan Counties in the State of Oklahoma, is in geographical extent the largest single oil field found in the state. At the present time, its area of 26,800 acres is almost twice as large as the Oklahoma City field, which hitherto was the state&apos;s largest field. Many authorities believe that the West Edmond field is the most important oil pool found in the United States since Pearl Harbor. The discovery of the field without the help of geological, geophysical, or other recognized technical information, the fact that the oil and gas accumulated in a stratigraphic or wedge-type trap, and the rapid development of the productive area under wartime conditions are some of the interesting features of the field. The West Edmond field lies west of the Oklahoma City, Britton, and Edmond fields. The field is in an area that has been considered on the west flank of the Granite Ridge line of folding, on which a number of Central Oklahoma&apos;s most important oil fields are located. Over a period of years, especially since the discovery of the new pools such as Oklahoma City, Edmond, Britton, and Crescent, the general area of the West Edmond field has been explored intensively by geological and geophysical methods. This led at times to the drilling of a few dry Wilcox sand tests.

Jan 1, 1945

By P G. Greenhill

The Wonawinta silver project near Cobar in NSW is under development by Cobar Consolidated Resources Limited (CCR). RMDSTEM Limited is part of the owner’s team for feasibility, design, engineering, construction and commissioning.With a 51Moz resource CCR is one of the largest pure silver players in Australia. A probable reserve of 14.3Moz has been defined for a mine life of approximately five years. The silver mineralization is contained in host rock composed of clays and oxidized limestone. The ore also contains on average 1.3% lead as cerussite, and other minerals. A simple circuit consisting of slurrying of the ore, gravity treatment of the coarse fraction to recover lead, silver extraction using CIL, elution and the Merrill Crowe silver recovery process, has been developed.The “value engineering” approach to this development pioneered over the past decade by RMDSTEM has meant that RMDSTEM has delivered the bankable feasibility study at a cost of $0.07 per resource ounce. It is highly cost effective making efficient use of shareholders funds as well as being very time efficient. This paper describes the application of the value engineering approach to the development of the Wonawinta project.

Aug 8, 2011

This section presents highlights of world economic and mineral industry performance in 1982, a year characterized by continued recession, and selected 1983 forecasts of economic indicators of importance to the mineral industry, some of which indicate a modest improvement in the economies of the United States and Western Europe. The U.S. Economy in 1982 In 1982 U.S. gross national product (GNP) in current dollars increased at a rate of 4 percent, but GNP adjusted for inflation (real GNP) declined at a rate of 1.8 percent. Yearend 1982 real GNP was at roughly the same level as in 1980 (table 1). Thus no growth in real terms had taken place in the United States during the 1980-82 period.

Jan 1, 1983

By Walter Meintrup

On Nov. 4, 1981 the newly installed 1000tph wet-process iron-ore ball mill of A/S Sydvaranger completed its first four months of uninterrupted, successful full-load operation in Kirkenes/Norway. This 6.5m diameter mill is driven by a gearless ring or wrap-around motor of 8100kW at 13.1RPM - a first of a kind in this segment of industry. (Fig. 1) This paper analyses the reasons that have led to the selection of this type of drive over more conventional schemes, lists specific advantages of such large mills, and describes in some detail the installation in Norway. General aspects of possible design variations, and application information for designers and users of such mills conclude the presentation.

Jan 1, 1982

By Ken McIntyre, Trodel Wolf-Dieter

"Sirius Minerals is a UK based fertilizer development company focused on advancing into operation its polyhalite project in North Yorkshire, England. The operation is known as the Woodsmith Mine which has an estimated 2.7 Billion Tonnes of reserves and is currently in the construction phase. DMC Mining Services was selected to carry out the construction of four shafts for the project, a production shaft of 6.75m diameter to a depth of 1594 m, a ventilation shaft of 6.75 m diameter to a depth of 1565 m, and two additional shafts to support the construction of the material transport system (the MTS and Lockwood Beck intermediate) to 360m in depth for servicing the underground conveyor network for transport of product from the mine site to the costal port facilities located at Teasside. This paper will review the status of the project to date and the innovative approaches that DMC is utilizing to ensure a safe and successful shaft sinking project. INTRODUCTION The Woodsmith Mine in North Yorkshire is a Sirius Minerals-owned deep potash and polyhalite mine located near to the hamlet of Sneatonthorpe, Whitby in North Yorkshire, England, approximately 75 km east of York. The area of interest is more than 700 km2. The £3.2 billion project is to develop the Woodsmith Mine to extract polyhalite, and a tunnel system to transport it to a materials handling facility and harbour at Teesside. The site is the world's largest and highest-grade deposit of polyhalite and is expected to produce 20 million tonnes of polyhalite, potash and POLY4 per annum, as well as create over 1,000 direct jobs and many more indirectly. It has the potential to generate over £2 billion of annual exports for the UK. As the project will require mining to be undertaken in the North York Moors National Park, many objections were raised about the mine. Sirius Minerals has gone to great lengths to ensure that the project is sensitive to the local landscape, including: mineshaft head frames that will be positioned below ground to reduce their visual impact; surface buildings will be kept to a minimum; and the entire site will be landscaped and screened by existing woodland to blend in with the surrounding area. The project will also abide by strict environmental limits which govern our activity during the construction phase."

Jan 1, 2019

By J. M. Turnbull

THE primary objective of the young graduate, after the war, will be to obtain a suitable position within the Industry, with adequate pay and opportunity to advance. The positions available to meet this demand will depend on the magnitude and organization of the industry. The size of the mining industry, in particular, will depend on a number of factors, including depletion; new discoveries of mineral deposits; beneficiation of new kinds of mineral deposits, based on research; technical improvements, also based on research, enabling the mining of lower grade deposits; and complex social factors. The organization of the industry will depend on its control and management, which may be greatly affected by social conditions and changes, and may include a wider or a narrower use of technical services. The corresponding training or qualifications of graduates, to meet these conditions, calls for a consideration of educational requirements and facilities in relation to the conditions that are likely to occur. Some forecast of the probable future of the Industry, after the war, based on consideration of. the above factors, is necessary as a basis of discussion, since the graduate must find his place in the industry of that time, and find his work in maintaining and improving it, within the existent social framework. Social factors are pressing and? important at present and their future impact is uncertain. In considering these, a few quotations and extracts may be in order. "A new economic order, based on free access to the sources of raw materials, means free use of the world&apos;s wealth by all civilized nations" (The Pope. Also advocated by Churchill and Roosevelt in the Atlantic Charter). "Every citizen should have a voice in the conduct of business or industry which is ?carried on by means of his labour" (Archbishop of Canterbury).

Jan 1, 1943

By L. E. Djingheuzian

"IntroductionIN 1940, in a series of articles, M. W. von Bernewitz(l) reviewed in detail roasting of gold and silver sulphide ores and concentrates. Since that time some significant developments in roasting have taken place, and a number of papers have appeared in the Canadian technical literature, dealing severally with the roasting of a particular ore or concentrate.The purpose of this paper is not only to review some of these Canadian papers and bring the information on Canadian roasting practices to .date, but also to analyse the mechanism of roasting. Hence, it is proposed to start with a study of physico-cl1emical factors fundamental in roasting, the knowledge of which, by creating a sound basis for a proper roaster design, makes good roasting possible.Physico-Chemical FactorsRoasting can be defined as heating sulphide ores in presence of air below fusion points of the constituent minerals, at such temperatures as to convert metallic sulphides to oxides. Hence, roasting is a chemical process.The object of roasting is, by changing, chemically, mineral constituents of sulphide ores, to make the economic recovery of the desired •Constituent metal by a subsequent standard treatment possible. For instance, pyritic ores, containing gold in sub-microscopic form which no amount of grinding would release, are roasted in order, by oxidizing the sulphides, to open up their structures to such an extent as to enable cyanide solutions to come into contact with the gold and dissolve it. The production of porous calcine is, therefore, the object of roasting of refractory auriferous sulphide ores or concentrates. Such a porous calcine may be defined as a desirable calcine, and the roasts which produce desirable calcines can in their turn be termed desirable roasts."

Jan 1, 1952

By E. H. Hamilton

THE furnace on which the following investigation was based had dimensions 48 by 160 in., and was in continuous operation during the three days of the test. The average charge consisted of PER CENT. LB. PER HOUR Bed ore?14.5?2,980 Roast from Dwight-Lloyds?44.5?9,160 Siliceous ore?3.5?720 Iron flux?2.1?430 Battery plates?0.5?103 Lime rock?23.9?4,925 Briquettes?4.0?825 Scrap iron?2.1?430 M. P. slag?4.2?865 L. P.speiss?0.7?142 Total 100.0 THE furnace on which the following investigation was based had dimensions 48 by 160 in., and was in continuous operation during the three days of the test. The average charge consisted of PER CENT. LB. PER HOUR Bed ore?14.5?2,980 Roast from Dwight-Lloyds?44.5?9,160 Siliceous ore?3.5?720 Iron flux?2.1?430 Battery plates?0.5?103 Lime rock?23.9?4,925 Briquettes?4.0?825 Scrap iron?2.1?430 M. P. slag?4.2?865 L. P.speiss?0.7?142 Total?100.0?20,580

Jan 1, 1924

By H. B. Jensen

STUDY of the thermal-solution process was begun by treating crushed oil shale in a small autoclave at temperatures of 700° to 950° F. The effect of temperature, reaction time, type of solvent, and richness of shale upon the amount of organic matter that was removed from the oil shale was thus determined. Following this orientation work a semicontinuous, bench-scale apparatus was built so that heated solvent could be pumped through a bed of shale under elevated pressure, thus removing the converted organic matter from the spent shale. After some operating experience had been gained, a continuous unit was constructed. This permitted treating a slurry of shale oil and pulverized oil shale at about 300 p. s. i. and temperatures of 750° to 850° F. for various retention times. Considerable cracking and polymerization of the shale oil were found to take place during the process. In an attempt to prevent this, a study was made of extraction of the shale in batch-type autoclaves under high partial pressures of hydrogen at total gas pressures of as much as 4,300 p. s. i. at 850° F. The thermal-solution process was found to convert over 90 percent of the organic matter in oil shale to oil and gas. The highest yields of gas and oil obtained without hydrogen pressure were equivalent to 119 weight-percent of those obtained from the same shale by Fischer assay. With a high partial pressure of hydrogen, yields equivalent to 126 weight-percent of Fischer assay were obtained. However, the oil produced by thermal solution has a higher boiling range than that obtained by other retorting methods, particularly so if the thermal-solution process is used without a high partial pressure of hydrogen. Nondistillable oil (all benzene-soluble material that would not distill under 2 mm. Hg absolute pressure without cracking) equivalent to over 100 percent of the organic matter in the shale was obtained without hydrogen pressure in the system. When the process was carried out under hydrogen pressure, the yield of nondistillable oil amounted to 60 to 70 weight-percent of the organic matter. Part of this heavy material is formed partly by polymerization and condensation of the shale-oil solvent used. These reactions, as well as cracking of the solvent to form gas and a carbonaceous deposit on the shale, are unfavorable features of the process.

Jan 1, 1953

By I. Gaballah

Jarosite contains up to 15 % of heavy metal compounds &apos;HMC&apos;. The current waste disposal methods will not be allowed in the near future due to new environmental regulations and pollution risks. For these reasons, thermal treatments of raw or decomposed jarosite, in controlled atmospheres, were investigated. The aim of these treatments is to decontaminate the jarosite and/ or to recover the HMC for recycling. According to physico-chemical characteristics of the samples, the thermal treatments in controlled atmospheres N2, CO+N2 and C12+air lead to the extraction rate that vary from 93 to 98 %. Heavy metal compounds were separated by cooling the gaseous phase. The treatments&apos; residue was almost free from HMC. Between 700 "C and 800 "C, the chlorinating treatment was successful of eliminating more than 97 % of HMC contained in four different samples.

Jan 1, 1999

By A. Kotze, D. Messina, E. Nagels, Y. Cryns, S. Arnout

The FlashPhos process aims to recover white phosphorus (P4) from sewage sludge by drying, flash combustion/gasification, and carbothermic refining steps. This study evaluates the material behaviour of sewage sludge ash melting and reduction in a refining furnace for the novel FlashPhos process. Thermodynamic modelling in FactSage 8.2 is combined with experiments from a tube furnace to determine the possible phosphorus recovery and minor element behaviour. For the two studied sludges, a yield of 40% and 75% white phosphorus is achieved after 1 hour at 1600°C, corresponding with a 60% and 25% loss to the metal phase. This is slightly above the calculated equilibrium yield of 28%–73%, which depends mainly on the Fe/P ratio of the sludge. Temperature is found to have a significant influence on the final phosphorus yield when leading to incomplete melting of the ash. A clean slag is produced in the process free of heavy metals making it suitable to be used as a cement-like binder material. The main heavy metals that co-evaporate with the phosphorus are Zn, Pb, As, Sb, and Sn. Additional processing steps will be required to remove these to produce a pure P4 product. The metal alloy consists of mostly Fe and P with smaller amounts of other components such as Mo, Cr, Cu, Mn, Sn, Sb, and V. The final slag consists of CaO, SiO2, MgO, and Al2O3 with virtually complete removal of P and heavy metals.

Oct 2, 2025