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By Armando M. Lago

This paper reviews the postwar changes that have occurred in the expenditure and financial behavior of mineral corporations, and in particular the relative importance of factors that affect the industry's supply and demand for funds. This quantitative statistical investigation of factors affecting sources and uses of funds of mineral corporations is achieved through the formulation of a simultaneous equation model of sources and uses of funds. After a description of the study sample in Section I, the postwar cyclical and secular financial behavior of mineral corporations is analyzed in detail in Section II. Section III formulates an econometric model of mineral corporate financial behavior which is then estimated and reviewed in Section IV. Section V discusses policy issues regarding depletion allowances, investment tax credits, and industrial organization of the mineral sector. Finally, the optimum financial structure of mining firms is discussed in Section VI, which analyzes the effect of corporate financial structure on the mining corporations' average Cost of capital.

Jan 1, 1969

By T. Nishimura, H. Kiyama, K. Wakimoto

Discussion on the load bearing capacity of ground and the stability of tunnel is presented. We derive a simplified solution of a circular lined-tunnel in an elastic ground. The solution results in a better understanding of characteristic curves. Use of DEM allows us to consider effects of possible yield of the overstressed zone around the tunnel and inherent discontinuity of ground on the curves. Diskussion auf der Last Tragfähigkeit Bodens und die Stabilität des Tunnels wird dargestellt. Wir leiten eine vereinfachte Lösung eines kreisförmigen Ausbautunnels in einem elastischen Boden ab. Die Lösung ergibt ein besseres Verständnis der Kennlinien. Um Gebrauch DEM erlaubt uns, zu betrachten Effekte des möglichen Ergebnisses der überbetonten Zone den Tunnel und zugehörige Unstimmigkeit des Bodens auf den Kurven. La discussion sur la portance de charge de la terre et de la stabilité du tunnel est présentée. Nous dérivons une solution simplifiée d'un revêtement-tunnel circulaire dans une terre élastique. La solution a comme conséquence une meilleure compréhension des courbes caractéristiques. L'utilisation de DEM nous permet de considérer des effets du rendement possible de la zone surchargée autour du tunnel et de la discontinuité inhérente de la terre sur les courbes.

Jan 1, 2003

By Clarence E. Sims, Donald W. Williams, George A. Moore

INTRODUCTION DURING the past several years the steel casting industry has made studies of heavy castings in which the test bar has been taken from heavy sections rather than from attached or separately cast coupons. It has been noted that the ductility properties of these heavy sections are often lower than those normally expected. Such lowered ductility is usually accompanied by a spotty test bar fracture and the ductility values often can be greatly improved if a low-temperature aging treatment is given to the casting. A loss of ductility of this type is considered "abnormal," since it is not accompanied by an increase of tensile strength or hardness, and "temporary" when the ductility can be restored by aging. The cure of such an abnormal condition represents a real improvement in the quality of the steel. Some hundreds of previous investigations, largely qualitative in nature, have established beyond reasonable doubt that hydrogen is normally present in newly manufactured steel and that this gas, in small amounts, can cause a temporary abnormal loss of ductility. The commonly observed association of high gas content and low ductility has given strong evidence for the presumption that hydrogen, possibly assisted by other gases, is the primary cause of the low ductility observed. Accordingly, the Steel Founders' Society of America has, since Nov. 1, 1944, sponsored investigations at Battelle Memorial Institute whose primary objective is to obtain quantitative information on the relation of the amount of hydrogen and nitrogen in steel, together with associated methods of steelmaking and treatment, to low-ductility effects and porosity. In order that these investigations might proceed on a quantitative basis, hydrogen analyses of a precision considerably higher than any previously reported in the literature were necessary. The method chosen was selected entirely on the basis that it had the highest probability of freedom from uncontrollable errors and will be described in detail in another publication.1 Briefly, the method used consisted of the hot extraction of solid pieces of steel weighing from 45 to 50 g in a highly evacuated quartz tube maintained at 1050°C (1925°F) for a period 0f approximately 40 hr. The greatest precautions were taken to eliminate blanks and insure a sound gas-collection system. Vacuum and temperature conditions were maintained automatically. Mercury-filled risers were used for the introduction of samples in order that the system could be degassed thoroughly in

Jan 1, 1948

By M. Mostert

Mining companies sponsor a range of non-core, corporate social responsibility projects to adhere to social and labour plans and environmental management prerequisites that form part of a mining licence application. Some companies go above and beyond such projects, sponsoring initiatives that generate renewable energy through solar power, wind energy, natural gas, etc. The challenge for these companies is to choose between a variety of projects to ensure maximum value, especially in times when the economic climate might be less favourable for such projects. The focus of this research was to analyse the concept of sustainability as it exists today, and to apply that to the triple bottom line accounting method in an attempt to quantify the sustainability of a project. Research was done on the methane burn-off project at Sibanye Gold?s Beatrix Mine to establish how such projects are planned and financed, and what impact they have on the triple bottom line of a company. The financial bottom line is, by definition, one that executives understand. This paper also proposes a quantitative method for defining the social and environmental bottom lines as well. By considering the financial, social, and environmental values, the study attempts to determine a monetary value for a sustainable renewable energy project. This monetary value can be compared to similar values obtained for other sustainable renewable energy projects under consideration. The research suggests that monetary value alone is not enough to base a sustainable decision on, and qualitative measures are suggested for use in conjunction with quantitative methods. The selection method proposed should assist the board of a mining company to choose the most sustainable option and the project that will add the greatest value to the company across all three bottom lines. It will also provide increased justification for such renewable energy projects, even in periods of harsh or uncertain economic climates.

Jan 1, 2014

By Shuji Owada, Shinya Suzuki, Chiharu Tokoro, Daisuke Haraguchi, Sayaka Izawa

"Coprecipitation with ferrihydrite has been one of the major treatment method for As(V) removal from wastewater such as acid mine drainage. We already confirmed coprecipitation of As(V) with ferrihydrite consists of two kinds of mechanism; one is two dimensional As(V) uptake to the surface of ferrihydrite by surface complexation and another is three dimensional As(V) uptake into ferrihydrite by surface precipitation. We also already confirmed As(V) adsorption process by ferrihydrite could be quantitatively evaluated by original surface complexation model with parameter values reported by Dzombak and Morel. However, As(V) coprecipitation process couldn’t quantitatively be represented by only the original model. In this study, construction and calculation using surface precipitation model were attempted for As(V) coprecipitation treatment with ferrihydrite. In the surface precipitation model, precipitation was described by the formation of solid compound between ferrihydrite and ferric arsenate. Activity of these precipitates was determined by surface precipitation ratio of FeAsO4(s) obtained experimentally from XANES analyses. Solubility products of surface precipitation of FeAsO4(s) (Ksp_FeAsO4(suf.)) were determined by fitting to sorption densities and surface precipitation ratio in each condition. The values of Ksp_FeAsO4(suf.) were determined 10-7.7 at pH5 and 10-10.2 at pH7, respectively. Based on the obtained Ksp_FeAsO4(suf.) value, As(V) removal and isotherm were calculated for As(V) co-precipitation treatment using surface precipitation model. Good agreement between experimental and calculated values was observed. These results were suggested that the quantitative prediction of As(V) co-precipitation treatment was possible if Ksp_FeAsO4(suf.) value was estimated experimentally."

Jan 1, 2014

By M Zoorabadi, Y Zhang, D Bringemeier, S Nicoll, N Kerr

Lihir operations of Newcrest Mining Limited (NML) are on Lihir Island (PNG) which is located approximately 900 km north-north-east of the national capital Port Moresby. The mine is located within the Luise Caldera of the Luise Volcano which is located on the east coast of the island. The caldera is an extinct volcanic crater that is geothermally active. Volcanic activity on Lihir Island is limited to remnant hydrothermal venting in the Luise Caldera in the form of hot springs and fumaroles. Steam and gas (including H2S) naturally discharge within the pit area and along the Kapit beach and near shore region. The hydrothermal reservoir temperatures can reach 100°C at the water table and exceed 200°C at depth. Newcrest maintains a Geo-hazard Management Plan to identify and manage the various geotechnical and geothermal hazards on-site. The major geothermal hazard to mining at Lihir is the occurrence of geothermal outbursts, which have occurred in the past with varying intensities and caused two ‘near misses’, production delays and material losses.

Nov 29, 2022

By X. Gumede

A model is being developed to quantify the benefits for mining houses resulting from the reduction in greenhouse gas and energy consumption by the application of innovative blast designs in addition to direct financial benefits throughout the mine to mill value chain. The conversion from shock tube initiation systems to electronics and some changes to powder factor measured on an open pit mine had previously been used to show significant improvement on blast outputs. Benefits were realised on drilling, blasting, loading, hauling and beneficiation. Quantification of the relationship between powder factor and reduced greenhouse gasses is investigated in this study. The study has highlighted new data that must be recorded and hence some assumptions were made as to fuel consumption and the energy in crushing was obtained from the Bond work equation. The mine to mill projects in an open pit platinum mine and a quarry produced energy savings and reduced greenhouse gas emissions associated with the careful application of explosives and blast innovations. The less fines project showed an increased carbon footprint. The model provides a new insight into how project feasibility should be decided based on economic and environmental viability.

Jan 1, 2012

By Jiwen Zhang

Abstract Due to the blocking nature at the crusher station, straightforward application of queuing theory cannot give realistic results on the performance of a shovel-truck-crusher system. A new queuing network-based model has been developed in which, the crusher station is formulated into an open queuing network and the whole shovel-truck-crusher system into a closed queuing network with the crusher station as a special server. To fully account for the influence of blocking, Monte Carlo simulation is first used to obtain the performance parameters of the open queuing network for the crusher station. The closed queuing network for the entire system is solved by applying the Extended Summation Method (ESUM), in which the crusher server is described by the simulation results. The model has been applied to the Yuanbaoshan open-pit coal mine to analyze its shovel-truck-crusher system and to improve its efficiency. Results indicate that the blocking at the crusher is an important factor affecting the crusher output and in turn the efficiency of the whole system, and prove that the model can realistically describe the behavior of such systems.

Oct 1, 2009

By Jiwen Zhang

Due to the blocking nature at the crusher station, straightforward application of queuing theory cannot give realistic results on the performance of a shovel-truck-crusher system. A new queuing network-based model has been developed in which, the crusher station is formulated into an open queuing network and the whole shovel-truck-crusher system into a closed queuing network with the crusher station as a special server. To fully account for the influence of blocking, Monte Carlo simulation is first used to obtain the performance parameters of the open queuing network for the crusher station. The closed queuing network for the entire system is solved by applying the Extended Summation Method (ESUM), in which the crusher server is described by the simulation results. The model has been applied to the Yuanbaoshan open-pit coal mine to analyze its shovel-truck-crusher system and to improve its efficiency. Results indicate that the blocking at the crusher is an important factor affecting the crusher output and in turn the efficiency of the whole system, and prove that the model can realistically describe the behavior of such systems.

Oct 1, 2009

By Bhargav Dhavala, Sristy Raj, Ashok Kumar, Suman Krishna Sit, Adity Ganguly, D. P. Chakraborty

"Tatasteel’s West Bokaro washery#3 is designed to deslime raw coal at 0.5mm; the oversize (+0.5mm) is beneficiated in dense media cyclones (DMC) while the undersize (-0.5mm) is beneficiated in froth flotation (FF) cells. Nearly, 80% of the raw coal feed reports to the DMC circuit consisting of four parallel streams. Presently, the performance of DMCs at washery#3 is interpreted by: (a) comparing the actual plant yield w.r.t the lab predicted yield and (b) misplacement of clean coal to middllings.However, the comparison between actual & lab predicted yield is fallacious given the fact that the lab predicts yield of the borehole sample while the feed received at the plant has different characteristics altogether due to the dilution during mining. To mitigate the said limitations, a quick diagnosis tool using the past data has been developed that will give a prediction of performance of different coal seams in the DMCs, inputs being feed ash to DMCs and stream wise feed specific gravity (coal & magnetite combined).The tool also will help in identifying the root cause on real time basis thereby helping the operator to take necessary corrective actions. The operator can intimate the mining personnel in cases of shale reporting to the feed as a result of dilution during mining. In events of higher standard deviations between the parallel streams w.r.t feed specific gravity, the operator can adjust the parameters accordingly to minimize the yield loss. INTRODUCTION West Bokaro came into existence in 1948, as an independent coal company, managed by M/S Anderson Wright. Tata Steel acquired the Company in 1956 to meet its requirement of metallurgical grade coal for Iron making. Subsequently, in 1976, it was made a division of Tata Steel. In 1974, when coal mines were nationalized, West Bokaro was exempted as it produced coal only for captive consumption of the Steel Works. The first washery of India was set up in West Bokaro. The business objective of the West Bokaro division is to produce clean coal at optimum cost for captive use in the steel plant of Tata Steel at Jamshedpur. The strategy is to reduce ash with minimum loss of yield so that quality of coal improves and yet the cost is beneficial vis-a vis imported coal. The primary product is the metallurgical grade coal for coke ovens, which converts coal into coke for use in the Blast Furnaces."

Jan 1, 2018

By T. Fernandez, V. Juchen, C. Petter, F. Cantini, V. Lenz, V. I. Araújo, R. Petter, R. Darrigo, A. Young, I. G. da Costa, J. Oppermann

There are many methods to estimate costs quickly. One of these is the Parametric Method, where costs are estimated from general algorithms (or curves). Derived from an original tool based on the O’Hara model, a software called MAFMINE was developed. MAFMINE is based on parametric models to estimate investment and operational costs in mining. The software itself is based on the use of a computer model known as client-server. However, the model needs new inputs from advances made by the mining industry, mainly in terms of electrification, automation, digital transformation and preconcentration to face Environmental, Social and Governance (ESG) concerns. Thus, this work was to prepare a new core module ready to incorporate the new technologies aiming to deliver operation and capital costs associated with environmental impact mitigation. The tool generates an order of magnitude estimate for CAPEX and OPEX to establish a very first Discounted Cash Flow (DCF) in a mining venture. For quick evaluations, at a preliminary level, the results are very promising.

Mar 2, 2022

By E. J. Wasp

The transportation of mine products incurs a cost which can have a significant bearing on the competitive position of the manufactured product. Clearly, the engineer who is responsible for selecting a mode of transport must base his decision, at least in large measure, on economic comparisons. And today, the engineer usually finds that he has to choose between several modes, including slurry pipelines. For the purpose of an initial economic screening, it is not necessary to go deeply into the technical details of a slurry system. What is usually needed, however, is a method with which the engineer can make a quick economic assessment to determine whether a slurry pipeline should be included in the detailed final analysis. This paper presents a rapid method for making such a preliminary appraisal. Experience with commercial slurry pipeline systems in several countries and with a variety of solid materials has shown that if several assumptions pertaining to critical design variables are made, it is possible to roughly estimate the transportation cost of a slurry system on the basis of only three factors: the specific gravity of the solid material, the length of the system, and the quantity of slurry to be pumped each year. It is assumed that conditions pertaining to field construction, corrosion inhibition, and the like, will be favorable. This assumption is critical because any factor which analysis shows to be particularly unfavorable will raise the total transportation cost estimate which this paper establishes. If the engineer employs this estimating procedure and decides that the use of a slurry pipeline is economically unattractive, his chances of being wrong are small. Conversely, if his quick appraisal indicates that the use of a slurry system is economically favorable, the engineer is justified in committing the time and money needed to make a more detailed investigation of the slurry pipeline potential.

Jan 1, 1969

By G. L. Mowrey

In addition to developing various types of coal interface detection systems, the U.S. Bureau of Mines is actively involved in developing a coal rib thickness monitoring system for high wall mining applications. One particular system that appears to show promise uses a ground-penetrating radar system to detect the coal-air boundaries of coal ribs. Based on preliminary laboratory and field tests, results indicate that this method can be applied successfully in highwall mines to maintain a constant rib thickness. The coal seam should be relatively clean in the vicinity of the antenna (e.g., have minimal partings or dirt bands) for best results.

Jan 1, 1995

By H. T. Clark, S. Feigenbaum

THE importance of measuring the temperature of molten steel in the open-hearth furnace has been recognized for many years. Poor temperature control may be costly to steelmaking operations and lead to a lowered quality of the steel. Low or excessive temperatures may shorten the life of the furnace, ladles and molds. Rates of reactions in the furnace and efficiencies of deoxidizers are known to change materially with a change in the temperature of the metal and slag. Ladle skulls and mold and stool stickers cause steel to be scrapped instead of being converted into useful products. Finally, the structure, segregation and surface condition of ingots are affected by the teeming temperature. Mill investigations of the effect of bath temperature upon steelmaking operations have been largely qualitative in character, based upon observations by practical melting men. The physical chemist has used the empirical information available and has reached reasonable and useful conclusions with respect to the various melting processes. The introduction of a reliable direct- reading pyrometer will permit accurate quantitative evaluation of the effects of temperature and should furnish a more rational basis for study of the thermo- chemistry of steelmaking. The problem is not merely one of making a small number of temperature measurements in the open-hearth furnace. This has been done by several methods to a degree of precision that was apparently satisfactory. Considerable effort by a number of investigators has been directed rather to the development of an open- hearth bath pyrometer that would be both accurate and practical for routine measurements. To be practical, the pyrometer should be inexpensive to operate; that is, the installation, operating and maintenance costs should be exceeded by the tangible benefits to the open-hearth operator. Temperatures from 2800° to 3100°F. are encountered in the open-hearth furnace. The surface of the molten metal is covered by several inches of slag, which prevents direct observation of the metal surface for optical or radiation measurements. Both slag and metal are highly reactive at these temperatures and will attack to a greater or lesser extent any material immersed in them. Adequate protection of thermocouples, which of necessity must be brought to the temperature of the bath, has generally resulted in a large, heavy assembly made up of .brittle materials, unsuited for handling on the open-hearth floor. The lie of the equipment was short and maintenance was an important consideration. EARLIER WORK Any one of a number of physical proper- ties of liquid steel could conceivably be used as a basis for temperature measurement. Efforts to the present time, however, have been confined largely to measuring either the thermal electromotive force generated between two dissimilar materials immersed in the steel or the intensity of radiation from the surface of the steel. These

Jan 1, 1946

By Robin P. Gardner

The mechanistic approach to comminution consisting of incorporating particulate breakage functions into a suitable population balance equation has been developed by a number of researchers over the past decade or so. (1) To date this approach has been developed and demonstrated primarily for batch-operated, laboratory or small-scale ball mills. However, since industrial mills are mostly quite large and operated in the continuous mode; suitable population balance models and methods for obtaining the necessary breakage and other model parameters must be developed. This paper describes and investigates a radioisotope tracer technique for this purpose, Population balance models previously developed(2,3) are adapted for this study.

Jan 1, 1974

By M Logsdon, B Johnson, M Fordham

The underground Neves Corvo copper-tin mine in southern Portugal currently disposes of its tailings in a ætraditionalÆ wet tailings impoundment. With the development of new technologies for preparation and transport of thickened tailings or paste, alternative tailings disposal options have become available that provide a more sustainable water management system and a higher degree of environmental protection. In addition, growing European resistance towards subaqueous disposal may well result in mandatory use of dry disposal methods in the near future. Twenty-four tailings disposal alternatives were evaluated through a cost-effective and easily-implementable bench-scale geochemical screening program conducted at site. Since the tailings are pyrite-rich and highly acid generating, particular emphasis was placed on monitoring likely indicators of sulfide oxidation under the various simulated disposal scenarios. Dependent parameters investigated as part of the program included moisture content, use of alkaline additives (lime, cement), use of a bactericide, and agitation. Response parameters included paste pH, specific conductance, and temperature as indicators of oxidation. The testing was carried out for 30 weeks. Results indicate that a number of relationships between the geochemical stability of the samples (ie sulfide oxidation) and sample characteristics can be readily identified. Based on the results of the screening program, a limited number of tailings mixtures have been selected for further long-term testing in field weathering cells to aid in the identification of the optimal mix design for future tailings disposal at the Neves Corvo Mine. This type of testing provides an inexpensive and reliable methodology for semi-quantitative comparison between tailings disposal alternatives, in particular at locations where more rigorous evaluation through long-term, fully replicated testing is not immediately feasible.

Jan 1, 2003

By Enrique Llewellyn

North River Energy Company a previous subsidiary of Republic Steel Corporation commenced development of the Number One Mine in mid-1972. The mine is located in West Alabama and presently employs a total of 632 people. Production capabilities have increased to 1.4 million clean tons of steam coal per year with the newly purchased Longwall System. Washer recovery averages 57 percent. The seam being mined is the Pratt or Corona with an average height of 52 inches and an average cover of 540 feet. The immediate roof is laminated sandstone and the floor is composed of a hard fireclay. Total production out of the mine is provided to Alabama Power Company under a longtime contract.

Jan 1, 1981

By L. G. Austin

A simple finite difference algorithm has been used to compute a simulation model for unsteady-state ball milling. The model considers the mill to act as if it were three fully-mixed reactors in series (one-large/two- small), it incorporates the-Rogers-Austin mass transfer law relating mill hold-up to flow rate through the mill, and it allows for the reduction in breakage rates caused by over-filling of the mill at high flow rates. The computation is rapid and requires only small storage space. Examples are given of use of the model.

Jan 1, 1984

By T. F. Dumm, O. Trass, V. R. Koka, L. G. Austin

"The size distributions of carefully screened 2 size fractions of ground materials were determined using a Microtrac laser dif-fractometer. The size distributions were fitted to the empirical function P(x) = 1/[1 + (x50/x)1] where P(x) is cumulative mass fraction less than Microtrac size, x. The standard deviation of A for a 50 second test time was approximately 0.5, so that seventeen test times give a mean with an estimated error within t 0.25 (95% confidence level). Values of were 5.44, 4.82, 4.40 for a coal ground under different conditions, indicating statistically different shape distributions; the average value for mica was 2.91 owing to the high aspect ratio of the particles. The ratio of x50 to the geometric mean sieve size was 1.2 for the coal and 0.70 for mica.1 IntroductionKoka and Trass have presented evidence [1,2] that materials ground in the Szego mill [3] give different shapes depending on the milling conditions. The variations in shape were deduced qualitatively by viewing SEM photomicrographs of selected 1/2 screen fractions. This paper quantifies their observed differences in shape by using measurements of the size distributions of screen fractions examined in a laser diffractometer [4] (Microtrac, Model 7991). The basic concept is that particles of 'a given ""screen"" size will give a wider distribution of ""Microtrac"" size when the particles are flaky with high aspect ratios, and a narrower distribution when the particles approach the cubical and spherical geometries.2 TheoryAustin and Shah [5] have shown that coal screened within a 1. 1/2 upper-to-lower sieve size range will give rise to a much wider distribution of Microtrac size. They found that the screen interval of irregular fragments of comminuted coals or quartz gave Microtrac size distributions which could be described by the simple function"

Jan 1, 1988

By JOHN HOMER, Jacob L. Carr, Jonathan K. Hrica, Kathleen M. Stabryla, Iman Benbourenane, Jennica L. Bellanca

Given the recent focus on powered haulage incidents within the US mining sector, an appraisal of collision avoidance/warning systems (CXSs) through the lens of the available research literature is timely. This paper describes a rapid review that identifies, characterizes, and classifies the research literature to evaluate the maturity of CXS technology through the application of a Technology Readiness Assessment. Systematic search methods were applied to three electronic databases, and relevant articles were identified through the application of inclusion and exclusion criteria. Sixty-four articles from 2000 to 2020 met these criteria and were categorized into seven CXS technology categories. Review and assessment of the articles indicates that much of the literature-based evidence for CXS technology lies within lower levels of maturity (i.e., components and prototypes tested under laboratory conditions and in relevant environments). However, less evidence exists for CXS technology at higher levels of maturity (i.e., complete systems evaluated within operational environments) despite the existence of commercial products in the marketplace. This lack of evidence at higher maturity levels within the scientific literature highlights the need for systematic peer-reviewed research to evaluate the performance of CXS technologies and demonstrate the efficacy of prototypes or commercial products, which could be fostered by more collaboration between academia, research institutions, manufacturers, and mining companies. Additionally, results of the review reveal that most of the literature relevant to CXS technologies is focused on vehicle-to-vehicle interactions. However, this contrasts with haul truck fatal accident statistics that indicate that most haul truck fatal accidents are due to vehicle-to-environment interactions (e.g., traveling through a berm). Lastly, the relatively small amount of literature and segmented nature of the included studies suggests that there is a need for incremental progress or more stepwise research that would facilitate the improvement of CXS technologies over time. This progression over time could be achieved through continued long-term interest and support for CXS technology research.

Jun 17, 2022