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By M. R. Samis

The great variability of mineral and energy prices has motivated some governments to incorporate a windfall profits tax into their mineral taxation regimes. Windfall profits taxes are a means for governments to capture additional mineral revenue when mineral prices are considered higher than some historic level. Governments need to be aware of the effects of such contingent taxes on the exploration, development and operating decisions of mining companies. Mining companies need to be able to calculate the full impact of windfall profits taxes on the economics of their projects. This paper examines the valuation of a multi-phase copper-gold project in the presence of a windfall profits tax. Real options Monte Carlo simulation is used to characterise the different exposures of the mine owner and of the government to the risky cash flow streams that they receive from the project. The results highlight that Monte Carlo simulation paired with the real option valuation method is able to account appropriately for the differing risk exposures, while the traditional discounted cash flow valuation model is not. Our key conclusion for governments and mining companies is that the impact of contingent tax and royalty terms can and should be assessed using advanced valuation techniques, and the results used to improve contract designs under the constraint of actual and perceived fiscal system stability.

Jan 1, 2007

By Yousef Ghorbani, Abolfazl Danesh, Fatemeh Kazemi, Ataallah Bahrami, Morteza Abdollahi, Mohammad Raouf Hosseini

This study aims to investigate the effects of operational variables on concentrate grade, recovery, separation efficiency, and kinetic parameters of the copper flotation process. For this purpose, the effects of the pulp solids content, collector and frother dosage, and preparation and concentrate collection time were studied using a Taguchi experimental design. The results of statistical analyses indicated that the concentrate collection time and pulp density were the most influential parameters on concentrate grade. Considering copper recovery, concentrate collection time, collector dosage, and pulp density were the most significant variables, in decreasing order of importance. Also, the separation efficiency was mostly influenced by the concentrate collection time. Furthermore, kinetic studies showed that the second-order rectangular distribution model perfectly matched the experimental flotation data. The highest kinetic constant of 0.0756 s−1 was obtained from the test, which was performed with 35% solids content and 40 and 20 g/t collector and frother, respectively. The highest predicted copper recovery of 99.57% was obtained from the test at 30% solids content, and the collector and frother dosages of 40 and 15 g/t, respectively

In 2007, a total of 4,639 stone mining operations reported employment to the Mine Safety and Health Administration (MSHA).1 Stone mines comprised 31.2% of all mining operations. ? Mines producing the primary commodity of limestone (crushed and broken) comprised the largest number of operations (n=2,051; 44.2%). ? Stone mining operations were located in all states and territories except Delaware and North Dakota. ? Pennsylvania had the most stone mines (n=373; 8.0%), followed by Texas (n=352; 7.6%).

Aug 1, 2009

THE old mill erected by the .Irvinebank Company consisted of 10 heads of stamps (850 lb.), rock-breaker, Hartz jig, two Krupp tables, two Luhrig vanners, three sand-pumps, one mixer; six flotation vessels, and the necessary settlers. Power was supplied by a small colonial-type boiler, and 10-in. x 15-in Tangye engines. The ore was darted from the mines to the mill and hand-fed, into the rock-breaker, and the broken product elevated into the batter bins and fed into the stamps, the pulp from the stamps passing to a classifier, the spigot to jig, tables, and vanners, the overflow from the classifier passing to settlers. After the removal of bismuth-wolfram concentrates, the pulp was pumped to the molybdenite flotation plant and the olybdenite recovered by flotation.A commencement was made with the erection of the first unit (20 heads) of the new mill in August, 1917, and milling and concentrating commenced in February, 1919.

Jan 1, 1920

By M P. Cipold, J F. Bachmann, C C. Bachmann, J Ha

Knowledge of fuel qualities is of ultimate importance for the efficiency of chemical plants or power stations. Although most blending yards are equipped with automatic samplers and the derived samples are processed in the laboratory, the quality variation of the blended product may still be strong. This is caused by several reasons. First of all the process of sampling, crushing, dividing and analysis is time consuming. Results are available only with a delay of two to 24 hours. During this time blending is operated without knowledge of the main parameters. Conveyors with high throughput require expensive sampling systems capable of handling samples which are representative. The frequency of sampling needs also to be high in order to be representative. This results in high maintenance costs and also downtime of the sampling system.Online analysis of bulk materials has matured over time and today it can supplement but not replace laboratory analysis. As an example, J&C Bachmann has realised a coal quality monitoring system on the coal supply of a South African coal processing plant. The plant consumes ~42 Mt of coal per annum. The blending yard consists of two sets of three heaps where coal of six different mines is blended according to the factory’s requirement. From there, the blended coal is fed to the factory on two different belts.In 2010 the plant installed a TEXAS X-ray fluorescence analyser as a trial. It was tested under different conditions on several belts before the customer decided to install six TEXAS analysers on the feed belts to the stackers and two more analysers on the reclaimer belts. All analysers are installed directly on the belt and not on a substream.During the test period blending strategies were developed in close cooperation between the customer and J&C Bachmann. The use of the analysers in conjunction with the blending model has proven that the variation of the reclaimed coal quality was decreased significantly, which results in increased process performance and significant cost savings.CITATION:Bachmann, C C, Bachmann, J F, Cipold, M P and Ha, J, 2017. Online quality control of a coal blending yard, in Proceedings Eighth World Conference on Sampling and Blending , pp 125–128 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2017

As the question of zino recovery from lead blast furnace slags has lately become such an important subject with lead metallurgists, the following description of some of the work carried out in this oonnection by the Sulphide Corporation, at CockleCreek, should prove of interest to those concerned. Early in the life of the works it was realised by the metallurgical staff that a very wide field for investigation lay before them. At the head of these was the late Mr. F. H. Evans, and it was due to his work and suggestions that the question has grown from a mere hypothesis to a commercial undertaking, in so far as these works are concerned. A great deal of the early work was carried out in the form of small laboratory expe!iments, those giving the best results being ear-marked for subsequent trial on a larger scale. One of the main obstacles in the way of research was the lack of any data or information of similar work done in other...

Jan 1, 1920

By I. C. Edwards, G. E. Agar

INTRODUCTION Many research efforts over the past years have been devoted to the study of energy consumption in comminution and the characteristics of the broken material. The old "laws" have been superseded by more general methods of analysis1,2,3 but these methods have not received much attention outside the laboratory. The work to be described here was done in order to obtain scale-up information on wet rod milling of sylvinite. EXPERIMENTAL A 30 x 51 in. Denver rod mill with a scoop feeder was used for these tests. Ore was fed from a variable speed screw conveyor into the feed box along with saturated brine. The mill was filled to approximately 45% of its volume with 2400 lbs of a mixed rod charge. The minimum possible feed rate was 2.5 tph and the practical maximum for this mill was 8 tph. Individual tests were run by setting the solid feed rate, then adjusting the brine flow rate to give the desired pulp density. After steady state, as evidenced by constant discharge pulp density, had been reached, samples of the discharge were taken at 15-minute intervals. These samples were filtered, washed with alcohol, dried, then screened on Tyler screens using a Ro-tap shaker. The sylvinite feed was regular plant feed that had been scalped at 20 mesh and was tapped from the coarse ore bins. It had been previously passed through a roll crusher set at 3 inches and after scalping was essentially minus 1 in. plus 20 mesh. RESULTS The screen analysis of samples from each series of tests was plotted on double logarithmic scale paper to determine the reliability of the series. In some cases, a faulty sample or screening procedure dictated that the results of one test be discarded. The criterion is a simple one — if the slope of one plot was noticeably different from the others in the series, it was discarded. The only cases that caused difficulty were those in which the brine was not thoroughly displaced from the solids. When this occurred agglomerates were easily identified on the screens and the whole of the sample was retained on 3 or 4 screens. There were no border line cases. The number N given in Table 1 is the number of size analyses that were pooled to form the data shown in Fig. 1. While examining the reliability of the sizing and sampling by plotting the data, it became apparent that there was no significant difference between grinds made at 50 and 60% solids. For the analysis given here, these tests were regarded

Jan 1, 1967

Mr Kapp's paper helps considerably to clarify the subsidence/mine geometry relationships in New South Wales. It is in the best tradition of the presentation of field investigations such as has built up internationalknowledge over the years.The Author has plotted in Fig. 10, the maximum subsidence developed over each of a number of panels of different width/depth ratios and concludes that the maximum possible subsidence over a super critical extractionarea is around 0.65 of the mining height and that this is reached with the critical width/depth ratio of extraction of around 1.5.Although, as Mr. Kapp says, the maximum possible subsidence in the UK can reach 90% of the seam thickness extracted the more usual figure for the first seam is up to 80%. It has also been found in the UK that with shallow workings such as those at Kemiro Coliery the critical width of extraction is 2.0 or more times the depth.

Jan 1, 1981

Bacterial Leaching of Complex Polymetallic Sulfide Ore The work described here concerned the study on bacterial leaching of complex sulfide minerals and polymetallic ores operated in shaken flasks and small-scale columns. The bioleaching of jamesonite was not accessible. The iron extraction in pyrrhotite leaching reached 98.2 per cent after 23 days. After 26 days, the zinc extraction of marmatite reached 92.3 per cent while the iron extraction only reached 13.6 per cent. The pulp density had effect on the metal extraction of pyrrhppite and marmatite. For complex polymetallic sulfide ores, after 10 days in shaken flasks, 97.1 per cent zinc extraction was achieved. While after 60 days in small-scale column, the zinc extraction only proceeded to 7.8 per cent; By SEM and EDXA of experimental samples and their leaching residuum, the bioleaching mechanism was discussed.

Sep 13, 2010

By J. Labuschagne

There are a number of factors that contribute to the profitability of a mine and its associated concentrator. Chief among these is the time taken from the first hoist of material from underground to the first batch of concentrate shipped. The main aim of this project was to integrate the mining model with a concentrator production schedule to minimize the time it would take to produce concentrate (without the concentrator having to stop because of a lack of feed material) in the most capital-effective manner. A secondary goal was to ensure detailed stockpiling requirements, as the concentrator is in an area where 'visual pollution' is to be avoided. To achieve these two goals a dynamic stockpile model was created by utilizing the mine production schedule and breaking it down to a daily production figure. Four different concentrator development models were then proposed. The difference between the mine production and concentrator consumption was integrated over the life of the mine to provide the accumulated stockpile tonnages for both Merensky and UG2 ore. To prevent a situation where the concentrator was operational without any feed, the stockpile levels were never allowed to fall below zero. When a development option was selected, the standard metallurgical performance calculations were used to derive a concentrate production schedule, which was used as a basis for commercial negotiations for the sale of concentrate.

Jan 1, 2013

By M. E. Poad

Structural properties of steel-fiber-reinforced shotcrete and polymer-impregnated shotcrete, both plain and fiber-reinforced, were investigated by the Federal Bureau of Mines, Spokane Mining Research Center. The research center has found that flexural strengths can be increased by as much as 106 percent, and splitting-tensile strength by 50 percent, by introducing randomly oriented steel fibers. A slight decrease of compressive strength was found in the fiber-reinforced shotcrete. Polymer-impregnated shotcrete exhibited a threefold to fourfold increase in compressive and splitting-tensile strength. The techniques of preparing shotcrete with the dry process, using both fast-set agents and regulated-set cement, are described, along with the results of physical-property testing. Physical properties include compressive and splitting-tensile strengths, tangent and secant moduli, and stress-strain curves for plain shotcrete, fiber-reinforced shotcrete, and polymer-impregnated plain and fiber-reinforced shotcrete. Flexural strengths for plain and fiber-reinforced shotcrete are also reported. Steel-fiber shotcrete is the more promising of the new structural materials for ground support, and additional research is recommended.

Jan 1, 1975

By R. V. Higgins, G. B. Shea

"FOREWORDIn the second year of World War II, the petroleum industry in California was taxed to near capacity to satisfy the expanded war demand for petroleum products, particularly fuel oil. With discoveries of crude oil in California declining and known reserves being depleted rapidly, conditions appeared to warrant study of the possibilities of utilizing the outcropping bituminous sandstone deposits in California for obtaining new sources of oil if the war should he prolonged. At conferences in Washington, D. C., with members of the Petroleum Administration for War and the Geological Survey, Bureau of Mines engineers emphasized the importance of determining the extent of those outcropping deposits of oil-impregnated rocks and of developing a practical process for commercial recovery of the contained bitumen to assure, if necessary, a supplementary supply of fuels. The desirability of such a study was recognized, and in July 1943 the Petroleum Field Office of the Bureau of Mines at San Francisco, Calif., in cooperation with the Geological Survey and the Petroleum Administration for War, initiated a study of the bituminouss sandstone problem. It was agreed that all mapping and geological work in connection with the study would be done by the Geological Survey, all engineering studies in developing a process for extracting the oil would be carried out, by the Bureau of Mines, and that the Petroleum Administration for War would aid in final adoption of the results in the field if circumstances warranted such action.Deposits of bituminous sandstones in California occur principally in the immediate region of the Coast Range mountains, notably at Pt. Arena, in Mendocino County, about 110 miles north of San Francisco; near Santa Cruz, in Santa Cruz County; in the Edna area in San Luis Obispo County; in the Sisquoc area in Santa Barbara County; and in the Ojai and Santa Clara Valleys in Ventura County. 4/ In addition oil-bearing sands outcrop near McKittrick and Maricopa, in western Kern County, and along the east edge of the Kern River oil field. Among the several prominent deposits of these source materials, those occurring near the cities of Santa Cruz and San Luis Obispo, and the town of Sisquoc are the largess."

Oct 1, 1948

By Dennis R. Dolinar

Screen material in the form of welded wire mesh and geogrids are used in underground coal mines to prevent the fall of small pieces of rock from the roof between roof bolts. Further, if the screen is installed during the production cycle, roof fall injuries can be reduced significantly. Therefore, the National Institute for Occupational Safety and Health (NIOSH), because of the safety implications, conducted an evaluation of screen materials commonly used in U.S. coal mines to determine their support characteristics and identify the parameters that could affect their performance with respect to controlling the fall of rock from the roof surface. To evaluate the load and stiffness characteristics of the screen, a test frame was designed and installed in the Mine Roof Simulator (MRS) at the NIOSH Pittsburgh Research Laboratory (PRL). With this test set up, the screen is bolted at four corners of the frame and a center load is applied. The test set up allows for up to 20 in of screen deflection while the load and screen defection are continuously recorded. A series of tests were conducted to evaluate the effects of various parameters such as bolt tension, the type of load bearing surface and the size of bearing plates on welded screen performance. The most common screen material used in U. S. coal mines is an 8-gauge wire welded in a 4-by-4-in spacing or aperture. The peak screen load was normally limited by wire breakage. The conditions at the bearing plate influence the nature of the wire breakage. However, the screen stiffness was controlled by slippage at the bearing plates, and by weld and wire failure. The size of the bearing plate had a significant effect on the performance of the welded screen. Therefore, the design capacity of the 8-gauge screen is evaluated based on plate size. For a 6-by-6-in bearing plate the average peak load is 2,900 lb with a stiffness of 250 lb/in. For an 8-by-8-in bearing plate, the average peak load is 4,500 lb with a stiffness of 430 lb/in. These test results are based on a 4-by-4-ft bolt spacing. A geogrid mesh was also tested.

Jan 1, 2006

By Kira Mizell, James R. Hein, Tracy Conrad

"The Ninetyeast Ridge (NER) extends roughly N-S as a topographic feature for 5000 km, from 31° south to 10° north (Fig. 1) where it becomes buried beneath the Bengal Fan at its northern end. These two geographic characteristics make the NER an ideal natural laboratory for determining the influence of latitude and terrestrial input to ferromanganese (Fe-Mn) crust formation and composition. In addition to study of geographic controls on crust composition, the NER is the largest feature in the Indian Ocean that may host crusts of economic interest.Crusts were collected from 9 of 33 dredge sites from 1.4° north to 26° south latitudes during the 2007 R.V. Roger Revelle Knox06 cruise. Nineteen samples were analyzed for 69 elements each. Nine bulk crusts and 10 layers from four crusts were analyzed. Three of the crusts sub-sampled for layers did not have the bulk crust analyzed and the weighted means for those layers were calculated to obtain bulk compositions. One sample was left out of the statistical analyses because it is phosphatized and chemically quite different from the other samples (Table 1).In order to determine changes in composition with latitude, Pearson product-moment correlation coefficients were calculated for the chemical dataset and latitude of dredge sites, as well as water depth. At the 95-99% confidence level, the following elements increase in crusts moving north along the NER: Mg, Ti, S, Cd, Ni, Tl, Mn, Ba, Co, Cu, In, Li, and Zn; and the following elements decrease northward: Fe, Fe/Mn, P, As, Sc, the rare earth elements plus yttrium (REY), Bi, Ge, and Pb. These correlations indicate that the iron oxyhydroxide component and its associated elements are more prevalent to the south, and the manganese-oxide phase and associated elements increase toward the north end of the NER. This change occurs between dredges D20 and D14 (Fig. 1), with crusts from D20 and south having Fe/Mn !1.0 and those north of D20 ""1.2, with the exception of the phosphatized crust. Crust composition also changes with water depth: Th, Ge, Pb, and the middle rare earth elements (REEs) increase with increasing water depth. Thorium commonly increases in deeper water crusts, which explains the higher Th concentrations in Atlantic and Indian ocean crusts in general compared with Pacific crusts (Fig. 2 and Hein et al., 2012), including the samples analyzed here with a mean water depth of 3584 m. However, water depth does not explain the latitudinal changes because the mean water depths of samples along the northern and southern segments of the NER are roughly comparable. Surprisingly, Si and Al, representing the aluminosilicate/detrital phase, do not correlate with latitude; that is as the ridge approaches and is buried by the Bengal Fan the Si and Al contents do not increase. However, overall, Si and Al have higher concentrations in NER crusts than in central Pacific crusts. Ba can be used as a proxy for primary productivity and statistically does increase to the north along the ridge in the direction of the equatorial zone of high biological productivity. Correlations of Mg, Li, and Zn with latitude may also reflect increased primary productivity at lower latitudes."

Sep 1, 2014

By L. Nahai

THE OUTPUT ff the mineral industry in 1964 in both non-Communist and Communist Europe showed an upward trend for most countries in keeping with the higher index of overall industrial production. Comparable indexes of mineral industry production for non-Communist and Communist Europe (including the U.S.S.R. in Asia) are not available, primarily because the U.S.S.R. does not report details of its industrial production by industrial sectors. However, available data both in the form of index numbers on production published by the United Nations and based on data as reported to the United Nations by the various countries, and actual production data for selected major commodities published by the various European countries reflect generally expanded output by both the extractive sector and the processing sector of the mineral industry in most of the 26 nations of Europe.

Jan 1, 1966

THIS paper is the outcome of experiments carried on and experience gained. at the Waihi-Paeroa Gold Extraction Company's tailings plant at Waihi, New Zealand. The plant was erected to treat accumulated tailings which had been discharged into the Chinemuri River by the Waihi batteries.The Chinemuri River is a common sludge channel for all mining debris, tailings, and ashes from the power plants, the last being the cause of occasional high residues, which gave so much trouble to the management. The tailings were dredged from the bed of the river into barges by means of a Pohle air lift, the power being supplied: by a 13 b.h.p. Tangye oil engine driving an air compressor and a centrifugal pump. The sands were elevated from the barges by bucket-belt elevators over screens, to eliminate large particles and rubbish, into storage hoppers, and from there fed direct into four C. Judd Ltd. tube mills.The method of treatment was fine grinding in a weak cyanide solution, agitation in B. and M. tanks, filtration with turn-over vacuum filters, and precipitation with zinc shavings. The comparatively high values of the residues in gold gave a great deal of trouble, 'and it was not until repeated experiments were carried out that the cause of the trouble was located. While the value of silver residues remained stationary, the gold values...

Jan 1, 1912

By L. Patts, J. Rohrbaugh

The Mine Safety and Health Administration (MSHA) has received several reports of filters igniting when high-temperature disposable filters were used on non-cooled diesel exhaust systems in underground coal mines. Based on laboratory testing (to determine the ignition temperature of these filters, which were loaded in the field with diesel particulate matter, or DPM), MSHA determined a maximum safe operating temperature for high-temperature disposable filters. When the results of the laboratory filter ignition testing were reported to the Coal Diesel Partnership (comprised of members of the Coal Industry, Labor, NIOSH and MSHA) the Partnership charged NIOSH with investigating the safe use of high-temperature disposable filters. This paper reports on the design, fabrication and testing of a unique exhaust gas cooling device and the ability of this device to successfully lower filter inlet temperatures and thus reduce the potential for fires.

Jan 1, 2009

By W. W. Adams

The United States Bureau of Mines, in cooperation with the National Send and Gravel Association conducted a safety contest in 1929 Among producers of sand and gravel. Only 26 plants were enrolled, as the contest was late getting under way. It is hoped that a ranch larger number of plants will be represented in the safety competition of 1930. Two trophies, both of which were provided by Rock Products magazine, were awarded at the end of the contest; one trophy was given for the best safety record among plants working 100,000 or mare man-hours during the year and the other for the beat record among plants working less than 100,000 man-hours. The trophies were presented to representatives of the winning, companies on January 29, 1930, at the annual convention of the National Sand and Gravel Association at Memphis, Tenn.

Jan 1, 1930

By George S. Rice

"The emission of hydrocarbon gases from coal beds and contiguous strata causes many accidents in coal—mine workings, the number of fatalities so caused being second only to those due to falls of roof. Gases tend to increase in amount with depth of coal mining, hence the danger of explosion is increased with depth. The pressure of the gas in virgin—coal areas at a distance from mine workings likewise tends to increase with depth from the surface, probably due to corresponding increase in hydraulic head and possibly, when the gas is held in nonporous formations, to greater ground pressure. The rise in gas pressure with depth under usual conditions is shown in wells drilled from the surface and in some coal fields in drill holes into the face of workings; however, under normal conditions of coal formation gas does not issue into workings under high pressure because the coal and adjacent strata have many bedding and joint planes which allow the gas to escape freely at the face of the workings. The rare occurrence of instantaneous outbursts of gas, with violent effects referred to later, constitute the exception.Variations of volume and pressure of fire-damp or methane found in different coal beds by wells at a distance from mine workings, are analogous to variations in volume and pressure of natural gas found in different gas and oil sands, although in general the pressure tends to increase with the depth. Sometimes, however, in tight sands higher in the formation the pressure of gas therein is abnormally high, and on drilling the well deeper gas in the lower strata may be found at lower pressure."

Jun 1, 1934

By H. T. Kennedy, S. G. Dardaganian, J. L. Clanton

This paper presents equilibrium ratios measured on oil and gas samples taken from the Kelly-Snyder field at the reservoir temperature of 128°F. From these data smoothed curves were constructed for the reservoir fluid up to the bubble-point, 1,874 psia. A material balance calculation, based on the use of equilibrium ratios instead of the usual solubility and shrinkage meayr~rements is made on the field and compared to the con\.entional method. DETERMINATION OF EQUILIBRIUM RATIOS The equilibrium ratios, or K values were obtained by recombining separator samples of oil and gas taken when the reservoir was above its bubble point, and thus represented the reservoir fluid before any change had occurred due to the evolution of gas. The well sampled had a gas-oil ratio of 617 cu ft of high pressure sepalator gas per barrel of separator oil. and a bottom-hole temperature of 128°F. Samples were brought to equilibrium by agitating for 24 hours in a thermostat, maintained at the proper temperature within 0.2ºF, mercury being added when necessary to maintain the pressure constant. Samples of oil and gas were then taken by constant pressure displacement, and analyzed by low temperature frac-tionation. Equilibrium ratios were determined at 128°F and 500, 800, 1,000 and 1,400 psig. At the latter pressure, there were indications that the gas samples were contaminated with small quantities of oil, and only data taken at the first three pressures were included in Fig. I. This figure has been extended to higher and lower pressures by the use of the Fluor charts for 3,000 psi convergence pressure, on which the experimental points fit well. MATERIAL BALANCE EQUATIONS The possible errors involved in conventional material balance equations have been analyzed by Muskat1. Where the errors occur in field measurements, or in obtaining effective averages from variables such as gas-oil ratio and pressure, they will evidently be involved in any attempt to estimate the content of the reservoir. On the other hand, substantial errors may be introduced in conventional material balance calculations by: (1) the neglect of the amount of oil dissolved in gas at high pressures and temperatures in the reservoir, but which condenses under separator conditions; (2) the assumption that the separation of oil and gas in the reservoir may be duplicated by a differential liberation in the