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By D Lautier, A A. Ndiaye, A Galli

Traditionally gold producers had built up hedge books to protect themselves against adverse changes in the commodity price, but diversified mining groups were staunchly opposed to hedging in any shape or form. The situation has evolved over the past few years. Gold miners have been reducing the size of their hedge books in line with the rising gold price. Commentators have talked about ædouble-digit dehedgingÆ and have suggested that this is the final countdown for gold hedge books. It sounded as if the era of hedging by mining companies was drawing to a close. But as appearances can sometimes be misleading, we decided to find out what mining companies were actually doing. Companies listed on stock exchanges are now obliged to give details of their derivatives holdings in their annual reports. Two or three years ago there was no such obligation. Our reality check was based on the latest annual report issued by three multinational mining groups; two with diametrically opposed views on hedging (Rio Tinto and Barrick) and the third (BHP Billiton) with an intermediate position. This snapshot of their derivative positions at a point in time revealed that Barrick and BHP Billiton have substantial derivatives positions (worth billions of dollars) to protect against adverse changes in foreign exchange rates and interest rates. Moreover Barrick has recently started hedging against increases in fuel prices. Despite its opposition to hedging, Rio Tinto has derivative positions worth several hundred million dollars, but these are primarily a legacy from various mergers and acquisitions over recent years or were entered into as a condition of project financing. Lastly we were surprised to discover that Barrick was holding asset-backed commercial paper (ABCP). So the idea that mining companies donÆt hedge their risks is just another urban myth.

Jan 1, 2009

Using a cylindrical hydrocyclone with a long vortex finder as the separator, a batch sizer was developed for the fast comparative sizing of the coarse solids normally encountered in mineral pulps.Operating times as short as 2 or 3 min gave separations ranging from 16 mesh down to the subsieve sizes.Reproducibility was good and sensitivity was adequate for most applications.

Jan 1, 1968

By L. R. Plitt, A. A. Turak, B. C. Flintoff

"Since the publication of empirical cyclone models by Lynch and Rao in 1975 and by Plitt in 1976, the technical literature on this subject has consisted primarily of reports of applications, with only a few articles discussing basic modifications or enhancements in model form. In fact, most of the modelling eff ort in this period has been concerned with theoretical models based on the hydrodynamics of multiphase flow. (Preliminary resutls have been encouraging, however, it will be some time before this approach reaches the practical application stage.) This paper presents a review of empirical cyclone modelling technology, with an emphasis on developments since the mid 1970s. The topics addressed include homogeneous and heterogeneous ores, parameter estimation techniques, parameter confidence intervals, and the introduction of a new conceptual model of cyclone operation.IntroductionSince their first reported application in the mineral industry by Driessen (1939), cyclones have become a common unit operation in all of the process industries. The widespread use of the cyclone stems from its relative low cost and its versatility. It can be employed to carry out liquid-liquid, solid-liquid and solid-solid separations. It is the area of solid-solid separation which is of greatest interest to a mineral processing engineer. Historically, this area was divided into two application categories: (I) Separation according to density, the cyclone washer, and, (2) Classification according to particle size, the cyclone ciassifier. (When water is the carrier fluid, the cyclone is more often called the hydrocyclone. For the purposes of this paper the two names are used interchangeably). Classification is the principal application in mineral processing circuit s. Within this category, the cyclone is most commonly employed to provide some positive control over the size distribution of product from a grinding circuit. Other uses include sand-slime separation prior to froth flotation and mill tailings treatment, either for dam construction or in backfill preparation."

Jan 1, 1987

By John J. Vieaux

Allowable loads on Dynamically-Cast-In-Place Piles (the Franki type) can be correlated with N values from the Standard Penetration Test. Using a constant developed by Nordlund, a conservative value for load-carrying capability of a DCIP pile is developed. The DCIP pile and method of installation is briefly described.

Jan 1, 1984

By F. E. Cash

The Holmes Safety Association was organized and named in honor of the late Dr. Joseph A. Holmes, first director of the United States Bureau of Mines. The association is a national organization and operates through local, sectional, or State chapters in mining, petroleum, and allied industries. The National Council of the Holmes Safety Association consists of representatives of State councils and local chapters, with the Director of the Bureau of Mines as president.

Jan 1, 1929

Study of Bauxite Separation by Using Flotation Column

Sep 13, 2010

By B. Hilscher, P. Nayak, N. Yoon

"The mining industry is currently facing challenges with declining feed grades and is struggling to find solutions to improve the project’s economic value. By means of pre-concentration, ore sorting aims to separate the barren material from the valuable ore to reduce energy consumption and tailings generation, while increasing the feed grade, concentrate grade, mill recovery, and revenue. In addition, ore sorting allows the modification of deposit geometallurgy in order to allow the creation of an optimal mill feed.This paper evaluates the applicability and challenges of ore sorting by utilizing the results from four different mines, and reviews them in detail. The mines include two underground and two open pit mines that are base metal and precioius metal operations. In order to understand the applicability of ore sorting in these operations, initial rock-by-rock test results and different types of assays (atomic adsorption [AA], inductively coupled plasma [ICP], and fire assay) are utilized. Using the assay results, the grade recovery curves for ore sorting are generated and they are further improved by using and developing an ore sorting algorithm, which is discussed in this paper. The application and evaluation of ore sorting in greenfield and brownfield properties will also be discussed.The state of the art ore sorting technologies for both rock-by-rock and bulk sorting are reviewed in this paper. The future technologies on the horizon, including different combinations of sensors, are explained. The sorting technologies include, X-ray transmission (XRT), X-ray fluorescence (XRF), colour, infrared, electromagnetic, and laser induced breakdown spectroscopy (LIBS).IntroductionOre sorting is a sensor-based sorting technique introduced between the excavation stage and processing stage, where the unwanted waste is diverted to the waste dump and only the ore is sent to the mill for further processing. As a result, the quality of the material entering the mill is improved and the dilution of the ore is reduced. In greenfield projects, sensor-based ore sorting provides an opportunity to reduce the capital cost of the project and increase the return on investment (ROI). With most operations currently facing the challenge of finding a high grade deposit, having a sorting unit provides several advantages while keeping the cost at minimum."

Jan 1, 2017

By FRABK HERVEY PETTINGELL

THE stock exchange and its functions is about as well understood by the average individual as the fourth dimension. What is a stock exchange? Divested of the rules and regulations by which it is governed, and the facilities it provides for the convenient handling of securities, it would be in its nude state nothing more or less than a meeting place for brokers. The stock exchange in America dates back to 1752, when a group of merchants of New York established a meeting place at the foot of Broad Street for the purpose of dealing in meal and slaves. The first definite orgarization, however, had its beginning in 1792 when 24 New York brokers signed an agreement not to buy or sell public stock for less than one quarter per cent. commission. From this small group has grown by gradual degrees, the greatest organized security market in the world, namely, the New York Stock Exchange. At the present time there are 27 stock exchanges in the United States and 5 in Canada. Based on the volume of business transacted, the Los Angeles Stock Exchange ranks 6th among them. This is attributable to the fact that strictly speaking Los Angeles has never been a stock exchange town, like some other large cities. Take for instance San Francisco, which supported one stock exchange from 1862 to .1882 and has since supported two. No city, by the way, should tolerate two stock exchanges at the same time. It is an economic folly and a senseless duplication that can be compared with rival telephone companies or competing street railway systems, paralleling each other's lines and always leads to trouble and confusion, and sooner or later one or the other falls by the wayside. While Los Angeles has had stock exchanges of one kind or another since 1896, none of them attracted much attention until 1899 when the present exchange was organized and it did not get well under way until along in 1906.

Jan 1, 1925

By L-B Fu and J Tan, J H. Wei, N Tian

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Kendenggaoer-Kuokuqueke region lies in the western part of Chinese North-western Tianshan. New laser ablation inductively coupled plasma mass spectrometry zircon U-Pb geochronology for five separate granitic plutons for this region reveal two distinct intrusive periods: late Devonian (367~361 Ma) and late Carboniferous (315~301 Ma). These intrusions all share an arc-like geochemical affinity (ie enrichment of large ion lithosphere elements and negative anomalies of Nb, Ta and Ti). In situ zircon Hf isotopic compositions further differentiate the magmatic cycle, with the late Devonian intrusions yielding more depleted eHf(t) (+1.47~+6.54) composition than the late Carboniferous intrusions (eHf(t) = +4.95~+9.79). These geochemical data suggest that they might be mainly derived from different source regions and the tectonic setting was transformed into post-collisional in the late Carboniferous. As in many significant porphyry-ore districts, this dramatic tectonic reconfiguration, combined with melting of an evolved crust, resulted in genesis of metal-bearing melts. Furthermore, we can show that Neoproterozoic mafic juvenile lower crust intruded by mantle-derived melts and/or partial melting of slab material generated hybrid primary magma during subduction of the Palaeo-Junggar oceanic crust in the late Devonian. Whereas underplating of mantle-derived magma contributed more to the Late Carboniferous post-collisional magmatism.CITATION:Tian, N, Wei, J H, Fu, L-B and Tan, J, 2015. Timing and geodynamic setting of the late Palaeozoic polymetallic mineralisation in Chinese north-western Tianshan – insights from geochronology and petrogenesis of granitoids , in Proceedings PACRIM 2015 Congress, pp 171–174 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By André Desbiens, Jocelyn Bouchard, René del Villar

"The metallurgical performance of the column flotation process is determined by the concentrate grade and recovery. Although the former can be continuously measured using an on-stream analyzer, the latter must be estimated by a material balance calculation based on seldom verified steady-state assumptions. Consequently, the automatic control and optimization of flotation columns should be performed using secondary variables having a strong influence on the metallurgical performance, such as froth depth, gas hold-up or bubble surface area flux and bias. The aim of this paper is to present a model-based automatic control strategy using froth depth and bias measurements obtained from virtual sensors developed at Laval University. Preliminary pilot plant results on two-phase (water– air) and three-phase system (water – minerals – air) will be presented and eventual industrial implementation of such a strategy as well as the possibility of achieving effective real-time optimization from bias and froth depth measurements will also be discussed.INTRODUCTIONFlotation columns have been widely studied and used in mineral processing for about twenty years. Although a great deal of work has been accomplished to understand the influence of different variables such as froth depth (H), bubble surface area flux (Sb) and bias (Jb) on the metallurgical performance, the measurement of some of these variables is still difficult to be performed – except at the laboratory level – because in most cases, no commercial device yet exists.As a result of this, it is almost impossible to achieve neither efficient control nor optimization of the process at the industrial level, even in open-loop operation. This paper aims at presenting a simple control strategy of froth depth and bias. Description of the sensors used to achieved measurements, preliminary pilot plant results for froth depth control, eventual industrial applications and possibilities for process optimization are also treated."

Jan 1, 2003

By Louise Pearce

?Environmental and social impact assessments (ESIAs) are: ??process-driven and scientific processes ??The process entails a number of steps and procedures which result in obtaining a licenceto operate ?and moving more towards a social license to cooperate. ?However, the primary premise of ESIA is to facilitate the consideration of environment and the communities in planning and decision-making which would ultimately make it possible to arrive at decisions that are ?sustainable?. ?Hence, ensuring the development of the mining sector on a sustainable basis is a critical challenge that needs to be addressed by the global community.

May 1, 2011

By S. Frimpong

Cable shovel requires continuous monitoring through excavation to achieve reliability, longevity and economic usage. The operating environment and the stress and deformation fields on the front-end assembly must continually be monitored to avoid random fatigue failure. In this paper, the authors advance frontiers of cable shovel reliability through real-time stress and deformation monitoring during excavation. Cable shovel boom stress and deformation analysis are developed using a combination of flexible and rigid body approach. A virtual prototype is developed to simulate the cable shovel excavation in oil sands and to examine the motion, stress and local deformation of the boom. A numerical example is used examine cable shovel boom durability using stress and deformation fields simulation. The results show that stress and deformation are large around the joint between the upper body and the boom. The simulation of the effect of material properties on boom deformation shows that the deformation is larger in hard formation than in soft formation. The study provides a solid foundation for further study of failure life analysis of the cable shovel components.

Jan 1, 2006

By Alberto Barreda

A medida que la extracción del mineral progresa, la necesidad de madera en la construcción de edificios e instalaciones de la mina, también se incrementa. Por ello, el objetivo del presente trabajo señala la importancia de la madera como factor de producción en la industría minera, al tiempo que describe la silvicultura como técnica agronómica de ayuda en dicha manufactura. Revisando los cuadros estadísticos realizados en el Perú durante los años 1949- 1955, muestran que de cada extracción global de minerales (metálicos y carbón), obtenemos el promedio de 0,9 pies cúbicos de madera por tonelada de mineral extraído, con un equivalente de 5 pies tablares por pie cúbico, como factor de conversión. El problema surge cuando al intentar desplazar la venta de madera importada, se agotan las fuentes de desabastecimiento local, generando una crisis de reservas en el mercado libre. En consecuencia, se propone el establecimiento de plantaciones forestales en áreas localizadas y dentro del plazo de 10 a 12 años, las cuales prolongarán la conservación de la madera nacional, mejorarán la calidad de la misma y a su vez disminuirán los precios de venta.

Jul 20, 1956

By Osetzky D, Hesp W. R

The treatment of a hydrobiotite containing 0·64 per cent copper with various soluHons showed that a high percentage (up to 90 per cent) of the copper can be extracted under mild conditions (1 M BCI, 85°C) or withsaline solutions (20 per cent by weight NaCI or NH4F, 400°C). The latter results suggest that the copper is incorporated in the interstratified vermiculite of a vermicuHte-biotite mica and the solutions (NaCl and NH4F) which reacted with the vermiculite without attacking the biotite gave the highest extraction yields.In general, extraction yields with saline solutions increased with the temperature (between 100 and 400°C) and duration (3 or 6 days) of the treatment but were not appreciably affected by the initial pH of solutions.The results of RCI treatment especially may have a bearing on the hydrometallurgical treatment of refractory copper ores where copper is tied to gangue silicates.

Jan 1, 1977

By B. L. Eggers

This study investigates the application of computed order tracking with subsequent rotation domain averaging and statistical analysis, to the drag gearbox of a dragline used in a mining environment. Computed order tracking is a fault detection method developed to deal with the varying speed conditions often found in industry and has been proven effective in laboratory conditions. Its application to real situations, however, requires some adjustment to deal with issues such as inadequate speed data and the fact that the drag gear rotates in two directions. This provides a unique opportunity to observe the performance of the order tracking method in a bi-directional rotating environment, allowing an investigation of the relationships between the results obtained from each operating direction. A monitoring station was set up aboard the dragline and data was captured twice daily for a period spanning approximately one year. The data captured consisted of accelerometer and proximity sensor data. The key on the shaft triggers the proximity sensors, allowing speed and direction to be measured. The measured speed is interpolated by using various speed interpolation techniques. Then the interpolated speed is used to complete the order tracking procedure that resamples the vibration data with reference to the speed. The results indicate that computed order tracking can be successfully employed in real environments. Furthermore it is shown that the rotation direction that opens the gear-tooth crack gives a better indication of incipient failure. It is therefore important not to disregard either direction when monitoring rotating machinery of this kind.

Jan 1, 2007

By T. Holmes, D. C. Russell, G. Jolly

"The AMEC Oakville office is involved in the design and construction of an iron ore concentrator located in Liberia. Currently, the site ships Direct Shipped Ore (DSO) to overseas customers. The DSO mine-site and port can experience heavy annual rainfalls. The IMSBC Code requires that cargoes are only accepted for loading when the moisture content of the cargo is less than its Transportable Moisture Limit (TML). The moisture content of the DSO has, on occasions, risen to near or above its TML. AMEC was asked to advise whether the concentrate produced from the new concentrator would or would not have the same problems with moisture content and ship loading as the DSO.INTRODUCTION Liberia was, at one time, the world’s sixth largest exporter of iron ore and used some of the most modern mining operations of their time. However, the country has not produced iron ore over the past seventeen years because of civil unrest. The return of stability to the country has allowed the redevelopment of the iron ore industry. ArcelorMittal Liberia (AML) obtained a concession for mining in the Nimba County area of Liberia (Figure 1) in December, 2004 and has studied the known iron ore deposits and former mining operations in this area. It began phase 1 operations in June 2011 with the direct shipping of high grade ore at a rate of up to 4Mtpa. The processing of the lower grade ore in phase 2 of the project requires additional processing capability to produce at the design rate of 15Mtpa. DSO and Concentrate The DSO in the first phase is selectively mined at an average grade of 60% Fe, and then crushed and screened to -10 mm with no washing or concentration. Testing of samples has indicated a size distribution that is finer than typical sinter feed material, although critical material below 0.10 mm is low in most cases, and overall the ore is coarser than typical concentrates or ultrafine products (Feasibility study report, 2011). The phase 1 DSO facility will cease operation after the phase 2 concentrator comes into operation."

Jan 1, 2014

By P M. Outhwaite

Everyone present today is especially aware of the need for minerals in this society of ours. The words 'especially aware' were deliberately chosen because this is a meeting of the NZ Branch of The Australasian Institute of Mining and Metallurgy not a dilettante group such as some of our critics. Members of the Australasian Institute of Mining and Metallurgy knew that our great farming industry, our shelter, our transport and our energy supply, are largely dependent on a flow of minerals into this country despite the presence of large coal and natural gas reserves. Flow in was said because New Zealand imports most of its mineral requirements with all the consequential strategic and economic disadvantages. If the above statements are accepted by this gathering it would be a premise fairly stated that New Zealand has a great need to discover and develop minerals.

Jan 1, 1976

Recovery of Fine Gold Particles from Philippine Gold Deposits by Enhanced Gravity Concentration and Flotation The objective of the study is to determine the applicability of enhanced gravity concentration (EGC) and flotation for gold recovery. While gravity concentration methods have long been applied to gold ores, especially to free-milling types that requires minimal beneficiation, flotation for gold recovery has not yet taken hold as a major operation in the Philippine setting. In this study, the application of EGC and flotation for gold is applied and compared to the existing methods for gold recovery. Two samples, with assays of 7.315 and 5.333 g Au/MT (samples 1 and 2, respectively) are used for this study. These samples are subjected to mineralogical studies and is found to have a gold-particle size ranging 10 to 200 microns. To verify the separation size, the mesh-of-grind (MOG) is used as the primary parameter for experimentation. Initially, the samples are stage-crushed, ground, and subjected to EGC using a Falcon SB40 Concentrator. Based on the results, the two samples showed that recovery increases with a finer MOG. The ratio of concentration (K) decreases with a finer MOG. This shows that there should be sufficient liberation of the gold values for EGC to be effective. The effect of the enhancement is to pronounce the difference in specific gravity of the minerals, promoting better separation. This is validated by the high recovery values of 86.97 per cent and 98.73 per cent exhibited respectively for samples 1 and 2 (at 54 microns). For the flotation runs, sample 2 with an average particle size of 80 per cent passing 74 microns is examined using thiocarbamate-based collectors for roughing and subsequently exhibited a recovery of 96.32 per cent. At this point, the concentration ratio (K) is noted as an important efficiency indicator for flotation process since it yielded a very low-mass and high-metal content concentrate.

Sep 13, 2010

By Walter Ensinger

Special foundation works is one of the most innovative sectors in civil engineering and construction. Both engineering techniques and construction machinery are undergoing continu­ous further development. These developments are providing ways to meeting the world-wide requirement for special geotechnical works even faster, even better and more efficiently. Unfortunately, accident prevention organisations have had to realise that the figures on in­dustrial accidents in special foundation works are still above average in number. The Safety & Environmental Working Group of the EFFC thereupon started to carry out a survey on acci­dents occurring in this sector and used this information as a basis for the preparation of acci­dent statistics and an accident analysis. The objective of this undertaking is to determine key accident occurrences and their causes and to consequently determine measures for improved health and industrial safety.

Jan 1, 2002

By Simon D. Handelsman

?Artisanalmining ?Application of human energy (e.g. pick & shovel) directly to produce minerals ?majority no technical skills and lack adequate working tools ?Small-scale mining ?Application of modern technology for limited scale mineral production Significance of ArtisanalMining ?15 million people in artisanaland small scale gold mining ?55 developing countries ?Use of mercury damages health of 100 million people

May 1, 2006