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By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By O. A. Carson

"IntroductionTHE ZINC-BASE die casting alloys in common usage contain approximately 4 per cent aluminum as the major alloy element. In addition, they contain about 0.05 per cent Mg .and may• have a small amount .of copper. These are usually the only •elements intentionally present.Small amounts of some impurities have been shown to have a deleterious effect on the properties of these alloys and therefore the impurities are kept low by starting with '99.99%' zinc.The reasons for holding the aluminum content at 4 per cent are not clear. Some statements appear in the literature that higher aluminum increases the brittleness, but probably the chief reason was the relative price of zinc and of aluminum when 4% alloys became firmly established. At that time, aluminum was three to four times the price •of zinc on a weight •basis. Recent prices, roughly equivalent per lb., make aluminum considerably cheaper than zinc on a volume basis and suggest that increased aluminum content would result in a decrease in the cost per piece due to the lower density of the alloy.Little information could be found in the literature and, therefore, it was decided to determine some physical properties of the higher aluminum zinc-base alloys made from high-purity zinc."

Jan 1, 1953

By N. T. Avard

THE profitable disposal and utilization of much of our slack coal, lignite, and other low-grade fuels is one of the major problems facing the coal mining industry of Canada today. It is my belief that the pulverization process applied to these fuels opens the door to greater efficiency and greater prosperity, and I wish to discuss briefly with you some features of its development and advantages to date. Indeed, the art of burning pulverized coal under stationary boilers is one of the romances of modern engineering. As a Nova Scotian, I feel some pride in the fact that at Chignecto Mines, N.S., was built in 1906 the first pit-mouth power plant on the North American continent. This was built to make effective for the first time Edison's dream of carrying coal for power by wire rather than by rail. This plant, built by the Maritime Coal, Railway and Power Company, Limited, success-fully utilized underfeed stokers for twenty years but in 1927 was replaced by a more modern plant equipped with machinery for burning pulverized coal, which is now operating very successfully. A further source of pride is the fact that the first boilers on this continent to be operated by pulverized coal were installed by the Dominion Coal Company at New Waterford, N.S., in 1912 and were satisfactorily operated during the lifetime of the plant. It is an acknowledged fact that average living conditions on a large part of the North American continent are far superior to those of any other people on earth. The reason is that we use so much more machinery per capita, and cheap power supply has been a large factor in bringing that about. Statistics show that where one horse-power was used one hundred years ago to assist man in his work, five hundred horse-power is used today. Truly a remarkable development and the key to our present high standard of living. Lack of coal in the chief industrial centres of Canada has forced the extra-ordinary development of the water powers which Providence has placed in those centres. How many of us realize that Canada stands second in the world in the per capita development of hydro power, Switzerland being first and the United States sixth? From this condition, we are reminded of the fact that the per capita foreign trade of Canada far exceeds that of our great neighbour to the South-but another illustration of the benefits accruing from our great power development.

Jan 1, 1937

By E. Howard Lambert

"Operating costs of mining plants are increasing due to the increased cost of labour, materials and fuels. Labour and materials costs are factors not readily controlled. However, the use of energy from fuels may be controlled by plant operations. This paper describes the fossil fuels, their expected rate of depletion and their costs. The paper considers methods which may be used to provide an efficient use of energy from fuels. It includes an outline of obtaining energy, as heat, from mine milling operations (air compression) and obtaining the maximum use of energy from fuels used to generate electricity."

Jan 1, 1973

By Anthony J. Deevy

"The Magino gold mine is located 45 km northeast of Wawa, Ontario. There was limited gold production in the late thirties. The present operation was officially opened in October 1988 and produced gold until September 1992. It was a 635 tonnes per day, decline-accessed mine, with ore coming from several small blast hole and shrinkage stopes.The host for the gold is the Webb Lake granodiorite stock which was intruded into the Goudreau Lake Deformation Zone. This east-northeast-striking deformation zone overprints the generally east-west- striking isoclinally folded metavolcanic and metasedimentary rocks, which make up the east end of the Michipicoten greenstone belt. The ore-shoots are controlled by dextral delatancy associated with the Goudreau Lake Deformation Zone. Shearing, bleaching and silicification accompanied the gold emplacement. IntroductionThe following is a general information paper on the Magino gold mine which is located 45 km- northeast of Wawa toward the east end of the Michipicoten greenstone belt. This paper summarizes the discovery, exploration and development history of the deposit. The geological characteristics are described, including regional geological setting, local mine geology, mineralization, alteration and structural history. The mining methods and the contribution of the geological staff to the successful development and mining of the gold deposit are also mentioned."

Jan 1, 1994

"The Australasian Joint Ore Reserves Committee (JORC), which is sponsored by the Australian mining industry and its professional organisations, developed the JORC Code to provide minimum standards for public reporting. JORC was first published in 1989 and later incorporated into the Listing Rules of the Australian and New Zealand Stock Exchanges making compliance mandatory for listing public companies in Australia and New Zealand."

Jan 1, 2003

By David Whittle

When does a project with questionable viability, warrant further investment? There are cases in which projects, which evaluate to a negative mean probable value, are worth investing in. There are also cases in which projects that evaluate to a positive mean probable value, should not be invested in. The author will present a model for ?project-control?which includes an adaptation of a well know grade-control concept. Comments on Resources and Reserves ?Resource and Reserve estimates are based on positive information (43-101). ?Reserve and Resource confidence qualitatively assessed. ?U.S. Geological Survey (USGS) recognizes Undiscovered Resources (U.S. Geological Survey 2003).

May 1, 2006

By O`Donnell. P. J.

THE modern coal cutter is a highly developed, and to a certain extent a somewhat complicated, machine. The requisite power to cope with conditions as found must be generated by the motor with due regard to limitations in the matter of dimensions and weight. This imposes the necessity of relatively high speeds of rotation. Any factor external to the machine proper which tends to reduce the load on the motor and gearing is most important. Experience has proved that close attention to the question of cutter-chain details undoubtedly results, in practically every coal-cutting operation, in increased efficiency and reduction of power and maintenance costs. The chain is the unit of the coal cutter which most greatly affects the economical operation of the machine, and only by due consideration of conditions and by the proper selection of the right chain can best results be expected; also, intelligent care of the chain while in operation is essential if it is to give its best service. The chain is the part of the machine that carries the pick boxes or blocks, which are connected to each other by a pair of chain links. The power to drive the chain is trans-mitted by a sprocket. The chain runs in guides supported by a rigid member called a 'jib'. Figure 1 shows the various parts mentioned. The first requirement of a chain is that it cut the coal as fast as possible. The second is that it do so economically. Economy of cutting can conveniently be divided as follows: (1) Economy in power used. (2) Economy in pick life. (3) Economy ' in chain life. ( 4) Economy in jib life. (5) Economy in labour for maintenance.

Jan 1, 1936

By T. G. Joseph, K. Barron

A strain-softening constitutive relationship is introduced that describes the post-failure stress-strain curve for rock regardless of whether the rock is intact or broken. The core of this relationship is an “apparent friction” concept that relates the post-failure apparent cohesive and frictional characteristics of the rock to the strain. The relationship can be determined for a given rock via a series of triaxial strength tests establishing the peak strength and corresponding strain for a range of confining pressures, together with the determination of the base angle of friction via a simple tilt test. The postulates and assumptions used in deriving this relationship are verified from results of tri-axial tests on both intact and broken rock. This strain-softening relationship is then applied to coal. Having determined the post-failure stress-strain curve for coal specimens, this information can then be used in a finite element program, such as Phase 2, to examine the post-failure characteristics of coal pillars. Using example data, the strength of coal pillars of different width/height ratios are estimated and compared with well-known empirical pillar size-strength relationships. In addition, the post-failure stress-strain behaviour of a coal pillar is compared with an empirical relationship reported in the literature.

Jan 1, 2003

By V. T. Panayotov, M. I. Panayotova

Wastewater from mining and mineral processing activities is often polluted by anion forming metals, such as molybdenum and chromium. Low cost materials, including zeolites, are studied for removing heavy metals from wastewater. It is widely accepted that natural zeolites are not effective in removing metals in anionic form. The paper presents study on use of metal modified natural clinoptilolite to remove Mo (VI) and Cr (VI) ions from model soft wastewater. Modification with Pb, Fe(III), Zn and Ba increases clinoptilolite uptake capacity with respect to Mo(VI) at low pH values of the water subjected to treatment, the efficiency decreasing in the order Pb > Fe(III) > Zn > Ba. Only lead-modified clinoptilolite shows high uptake of Mo(VI) in acidic, neutral and slightly alkaline conditions. Modification with Pb, Ba and Fe(III) increases zeolite uptake capacity with respect to Cr(VI) from neutral water. The effectiveness of Ba-modified zeolite decreases in slightly acidic water. Over 90 % uptake of initially available Cr(VI) is achieved by lead-modified clinoptilolite both under neutral and slightly acidic conditions. Increasing the initial pollutant concentrations increases the removed amount both of Cr(VI) and Mo(VI) for Pb-modified clinoptilolite. The findings could be a basis for using the natural clinoptilolite to remove in consecutive steps: firstly Pb(II) and/or Fe(III) ions and then loaded zeolite to be used for Mo (VI) and/or Cr(VI) removal. The kinetics of Mo(VI) uptake by CL-Ba, CL-Fe(III), CL-Pb, and CL-Zn is best described by the pseudo-first order kinetic equation. The kinetics of Cr(VI) removal by CL-Ba, CL-Fe (II), CL-Fe (III) and CL-Zn is best described by the pseudo-first order kinetic equation. Kinetics of Cr(VI) removal by CL-Pb obeys the equation for the first order irreversible reactions. Finding way to remove anions-pollutants from the mineral processing wastewater will render this industry more environmentally friendly and socially acceptable.

Jan 1, 2016

By A. Baydusa, K. Barron

A theory for cutter roof failure in coal mines has been developed. It is shown that the key parameters influencing the likelihood of cutter roof failure are the rock strength, the vertical stress (depth) and the horizontal to vertical stress ratio. The support force necessary to prevent the development of this mode of failure is, in most cases, so high as to make it impractical to apply a force of such magnitude. It is, therefore, better to allow the failure to occur and to design a bolting system to support the dead weight load of the failed block. This is probably best achieved by using a yielding bolt system (such as split set bolts) which is anchored well beyond the top of the potential failure block. The maximum potential caving height determined from this theoretical approach compares favourably with field observations reported in the literature.

Jan 1, 1999

By C. Caballero, K. Itagaki, P. Morales, A. Moyano, J. Font

Codelco-Chile is considering different processing options for the new projected concentrate from the Alejandro Hales mine. This concentrate is featured by its high arsenic content of up to 6%. Thus, it is important for Codelco Norte Smelter to define the technical feasibility for processing this high-arsenic bearing concentrate in its main smelting unit as it is the Teniente Converter, which beside of its dual feeding system can enhance the arsenic removal by volatilization. The present paper which is a part of an extensive research work will focus in the performed industrial scale test for processing about 7,000 tonnes of a high-arsenic bearing concentrates in the Teniente Converter at the processing rate of about 2,300 tpd. The impact on the chemical quality of the produced high grade matte will be discussed, and the effect of the As removal by increasing the Teniente Converter processing rate of concentrates up to 3,000 tpd when producing 70% Cu in the white metal will also be addressed.

Jan 1, 2007

PRESENTATION PURPOSE ? Provide an overview of BC?s Environmental Assessment Actand environmental assessment process ? Identify key issues influencing environmental assessments in BC ENVIRONMENTAL ASSESSMENT ACT ? Major project proposals require an EA before a project can proceed ? Considers potential effects of proposed projects and ways to minimize or avoid adverse effects Minister of Environment and the Minister designated as responsible for project category decide whether or not to certify a project or order further assessment

May 1, 2006

By D. E. Gorse, R. G. Anderson

"Indusmin's history dates back to 1937 when they developed the Blue Mountain Nepheline Syenite deposit at Nephton, Ontario, and began supplying material for the glass, fiberglass, paint, ceramics and rubber industries.Since then, as a subsidiary of Falconbridge Nickel Mines, Indusmin has expanded the Nephton operation, diversified into the aggregate quarries for the construction industries, with operations at Acton and Halton, Ontario, established silica plants at St. Canut, Quebec and Midland, Ontario, to supply the glass, carbide, ceramics, cleanser and concrete products industries, and the purchase of a foundry, Fahramet Limited, Orillia, Ontario, supplying steel and alloy castings to the mining, construction cement and petrochemical industries.Indusmin also has a Technical Resource Centre and Head Office facilities in Toronto.As this paper deals with Indusmin's experience with dust abatement, and although dust control is a concern at the Nephton, St. Canut and Orillia plants, we will be confining this paper to the experience gained at the Badgeley Quarry and Midland plant of the Ontario Silica Operation."

Jan 1, 1980

By Michael W. Hinds

X-ray Fluorescence Spectrometry (XRF) is used at various stages of gold refining. Initially, incoming impure gold is analysed for deleterious elements such as As, Cd, Hg, Se, and Te. Based on the levels of these impurities the material can be returned to the client or accepted for refining. XRF is also used to determine the metal concentrations after the impure gold has been melted and sampled. This information is used to assist the final Fire Assay determination of gold and silver. An energy dispersive XRF is used to determine the end point of chlorination refining step.

Jan 1, 2011

By Alan D. Akerman

This paper describes the significant advantages and improvements in operational availability, reduced breakdowns, and overall cost reductions that can be achieved through the application of a Reliability Centred Maintenance (RCM) program, including Condition Based Maintenance (CBM) and Equipment Health Monitoring (EHM), in a mine environment. It uses a case study to illustrate the essential elements that constitute the basic requirements to establish such programs. This CBM case study analyzed the Load-Haul- Dump (LHD) vehicle sub-systems and their dominant failure modes, as a precursor to the development of condition indicators. The case study describes a disciplined process to enable condition indicator development and qualification in support of a CBM program. The identified condition indicators vary from readily applicable off-the-shelf monitoring systems and techniques, through to "leading edge" technologies that require further research and development. The paper also explores the developments that have been made in the combination of expert system software associated with modern computer based control systems, and the availability of "intelligent? sensor technology that complement the control system capability.

May 1, 2002

By Robert B. Parsons

"New tax rules that can apply to the repayment, extinguishment, or other settlement of a company's debt are finally taking shape. These new rules are far-reaching in their application, and can affect mining companies in a serious, negative way.IntroductionIn his February 1994 budget, Finance Minister Paul Martin announced changes to the Income Tax Act that could have an adverse impact on a company that restructures its debt. Since then, the new rules have undergone considerable transformation during their fetal stage: draft legislation was introduced in July 1994; revised draft legislation was introduced December 1994; and a third version of draft legislation was introduced February 1995. It seems that the new rules have now been pretty well finalized, and they contain some serious traps that the unwary could fall into. The new rules are of particular importance to mining companies, because a mining company's resource pools will be caught under the new rules, whereas these pools escaped the wrath of the old rules. The following commentary summarizes the new rules that are generally referred to as the ""debt forgiveness"" rules."

Jan 1, 1995

By George C. Coupland

"THE PRELIMINARY EVALUATION of the orebodies was computerized for tonnages and grades on a 20- by 20-ft grid. The evaluation was based on drill-core intersections over 40-ft vertical projections coinciding with the proposed bench intervals, taking the deviations of the drill holes into account. The computer print-outs gave an ore distribution and evaluation bench by bench and indicated the areas of varying mineralization. The two orebodies have a combined length of 2,200 ft. and a maximum width of 600 ft. They strike almost due north, dip about 85 degrees east and rake to the north. The computer print-outs were used to design an open pit with an over-all waste to ore ratio of 2.58:1. At the outset, the waste to ore ratio was 4:1. The pit is tear-drop shaped, with the narrow end to the south, and at the surface is 2,600 ft long by 1,800 ft wide. Ramps are 100 ft wide, with a 10% grade. The south ramp is left-handed, starts at the southeast and will continue to the bottom of the pit. A second ramp on the west and north walls runs from surface to join the south ramp at 7 bench. This ramp will handle the total pit production when part of the south ramp, from 4 bench to surface, is lost due to the underground operation. Over-all wall slopes are 53 degrees, and are laid out to avoid prominent protuberances which could relax and become unstable and potentially dangerous (Fig. 1) ."

Jan 1, 1974

By O. Moselhi

This paper describes a method for selection of most suitable project delivery systems for capital projects. It expands upon the method advanced by the Construction Industry Institute (CII) in 2003, and incorporates additional decision criteria and project delivery systems in a multi-tier decision computational platform. The paper integrates the analytical hierarchy process to alleviate the inherent subjectivity associated with the assignments of relative weights to selection criteria used in the CII method. It also expands the range of project delivery options to include Public Private Partnership (PPP) and Integrated Project Delivery (IDP). The range of selection criteria was expanded by 60, beyond the 20 criteria of the CII method. Relative effectiveness values are proposed for the added project delivery systems making use of recent project cases in Canada and the USA. The method was implemented in a spreadsheet application. Multiple scenarios were considered for one of the cases presented in the CII study and a sensitivity analysis performed based on the developments made in this paper. The differences in outputs between the CII method and the proposed method are discussed. This is the first decision framework that incorporates both the presently used PPP and the recently introduced IDP, along with the widely used project delivery systems. The developed method allows users to filter out the factors and alternatives that do not apply to the case at hand, based on key inputs at the upper tier. The method is flexible and can easily be expanded upon and customized by the user.

Aug 1, 2013

By W. J. Tough

THIS paper offers examples of some of the typical calculations which occur in the ventilation of metal mines. The fi.rst section of the paper discusses the problems associated with natural-draft pressure; the second section presents the more common of the calculations concerned with the operation of mine fans; the third section illustrates the integration of the individual problems covered by the preceding sections into the larger problem of determining the operating characteristics of a fan for a particular mine duty. There is a very definite limit to the extent to which pure arithmetic can be successfully applied to the solution of min<; ventilation problems. As mines advance from the exploration, development, and initial production stage to the rime when underground workings become exceedingly complex, there is a considerable increase in the relative importance o theory and judgment in the solution of ventilation problems. These calculations illustrate the application of mathematics to ventilation, but they also in-elude examples of instances where arithmetic cannot be conveniently applied, and important estimates, based on judgment compounded of experience and a knowledge of the theoretical consideration involved, must be made. The inclusion of such estimates is intended as a guide and a warning to the reader; a guide in assisting him to recognize and estimate his own incalculables; and a warning that the solutions must not be blindly applied to his apparently similar problems. These sample calculations are intended to assist the reader in applying the theory contained in the standard texts on metal-mine ventilation. They have been selected from the ventilation experience of a British Columbia mine.

Jan 1, 1942