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By A A. Ndiaye, A Galli

In a companion paper on current hedging practices in the mining industry (Armstrong et al, 2009) we showed that contrary to popular belief, mining groups are still using financial derivatives to hedge against foreign exchange risk and interest rate risk, and more recently against adverse changes in energy prices, notably the oil price. This paper presents a case study on a hypothetical gold mine to illustrate the impact that hedging policies could have on its profitability by reducing the downside risk due to adverse changes in the exchange rate and increases in fuel prices. The characteristics of the hypothetical mine have been set to reproduce those of a real gold deposit, the Kisladag mine that is currently being exploited by open pit methods in Turkey. This mine was selected because its feasibility study was available to the public. Geostatistical simulations are used to reproduce the inherent uncertainty on the recoverable reserves û stochastic simulations are used to generate the variability of the other three key sources of uncertainty: the gold price, the cost of energy and the exchange rate. A simple strategy based on straightforward vanilla options (puts and calls) was developed for hedging the last two risks, on the assumption that the company sells its production at the prevailing spot price.

Jan 1, 2009

The Aluminum Company of America announced a temporary reduction of the operating rate at its primary aluminum plant at Palestine, TX where it is developing a new process to produce aluminum metal by electrolysis of aluminum chloride, Output will be reduced by half to about 7,500 tons per year while some improvements are being made on the chemical segment of the plant. The modifications were expected to take 3 to 4 years to complete. Alcan Alumininum Ltd., a major U.S. supplier of aluminum, reported declaration of force majeure on aluminum ingot shipment commitments following the shutdown of its primary aluminum plants at Arvida, Isle Maligne, and Beauharnois, Que. The shutdowns, which began early in June, resulted from management and labor differences.

Jan 1, 1979

By Hal J. Kelly

A number of problems that developed in processing the halloysitic clays of eastern Washington and northern Idaho were investigated by the Bureau of Mines. The deflocculating effect of tetra sodium pyrophosphate is compared with several other compounds, and on the basis of current theory, the advantage of sodium pyrophosphate as a deflocculating agent is explained. The adsorption of the sodium ion by clay in a clay"-water system was established by a radioactive tracer technique, and the deflocculating action of sodium pyro- phosphate was postulated. The effective dispersion of the halloysitic clays was limited by the occurrence of tightly bound aggregates of small, individual crystals. Disaggregation of the agglomerates was investigated by liquid extrusion and ball milling of dilute slurries and by extrusion of the clay in a plastic state. The greatest increase in the production of small particles was by high? pressure liquid extrusion.

Jan 1, 1963

By H. C. Miller

Several agencies of the Federal Government are engaged in research and fact finding relative to petroleum and natural gas, and others are concerned with carrying out the provisions of specific laws that affect these natural resources in their broad aspects. The Bureau of Mines, however, is the only Federal agency designated by law to engage in research in oil and natures gas production, chemistry, refining, and

Jan 1, 1941

By E. V. Lilford

A number of countries have introduced codes governing the valuation of mineral assets and securities. The African continent will follow suit in due course considering the importance of the global minerals industry as it relates to the attraction of foreign investment. South Africa is to introduce the Petroleum and Minerals Development Bill legislating the involvement of previously disadvantaged individuals and communities in the country?s minerals industry. One of the challenges facing the successful implementation of such codes and bills lies with the abilities of independent valuators to value mineral properties and projects on a consistent basis. Certain valuation principles and methodologies are applicable in all jurisdictions in the minerals industry. These valuation tools and principles are considered and developed in this report. They have been discussed and developed to encourage minerals valuators to consider and consistently apply the most applicable valuation methodologies.

Jan 1, 2002

By Ron Glowe

This paper shows the potential of a new computer model, using the Glowe-Tech (GT) Tonnage Analyzer program to compare drilling and blasting results. This model uses the crushers and conveyors as measuring tools in aggregate quarries in the USA and Canada. All data is collected using commercially available kilowatt transducers and an analog input/output automation module. There are two areas of measurement used to compare results. The first area is the tonnage moved by key conveyors to show the split in products produced and the actual rate of production. If belt scale readings are not available then the Glowe-Tech Tonnage Analyzer can be used to convert kilowatts from the conveyor motor to tonnage. The second is the tons of rock crushed per kilowatt hour of energy consumption by the primary and secondary (optional) crushers. This modeling process works best if blasts are mucked and crushed in sequence. There are many other variables such as crusher types, crusher settings, screen sizing and actual geology in the pit that can influence the results, however if variables can be standardized then definite trends can be seen when comparing drilling and blasting results

Jan 1, 2005

By David Clarry

?The issue ?reduction requirement ?Planning abatement steps ?Energy Management & Energy Efficiency ?Energy Recovery / Utilization ?Alternative Energy Professional Services Overview ?Capital Projects and Construction ?Project Development and Planning ?Engineering ?Project management ?Construction management ?Consulting ?Process ?Business ?Environmental ?Technology ?Operational Services ?In-house engineering services for operations

May 1, 2009

By Roger F. J. Adam

This report summarizes the principles of safely working steep coal seam using longwall mining methods. It presents the state-of-the-art and identifies the problems which result from seam inclination. Details are given on foreign longwall faces achieving good records of safety and productivity when mining on 30 degree and 50 degree inclined seams. Recommendations for further research are suggested.

Jan 1, 1981

By K. G. Thorne, L. J. Cabri, L. R. Fyffe, D. R. Lentz, D. Hoy

"Mineralization at the Main zone of the Clarence Stream gold deposit in southwestern New Brunswick occurs within a parallel series of quartz veins that occupy a NE-trending, steeply north-dipping, brittle-ductile shear zone related to the nearby terrane-bounding Sawyer Brook fault. This deformation zone cuts volcaniclastic sedimentary and volcanic rocks of the Silurian Waweig Formation, and is intruded by mantle-derived East Branch Brook gabbroic dikes and a number of felsic dikes. Intermittent shear-zone reactivation during local magmatic activity induced heterogeneous deformation and alteration of the country rocks and dikes. The terminal phase of shearing is associated with narrow pegmatite-aplite dikes that grade laterally into granophyric granite, and into an auriferous quartz vein. Gold, aurostibite, and gold-antimony intergrowths, predominantly with vein quartz, are associated with a low ƒO2 sulfide mineral assemblage (pyrrhotite, arsenopyrite, and berthierite) that has a sulfur isotopic signature consistent with a magmatic source. Gold saturation and deposition occurred episodically between 300° and 360°C at low activity of sulfur, predominantly in response to pressure reduction during brittle failure combined with the effects of decreasing temperature and sulfidation reactions during fluid-wall-rock interaction. Geochronological studies demonstrate that the timing of the emplacement of the pegmatite-aplite dikes and associated auriferous veins overlap with that of the Early Devonian Magaguadavic granite. Moreover, the composition of the dikes is consistent with their derivation from this granite as late fractionates. The Main zone of the Clarence Stream deposit is therefore interpreted to be intrusion-related, with the Magaguadavic granite being the ultimate source of the gold-bearing fluids. La minéralisation de la zone principale du gisement aurifère de Clarence Stream dans le sud-ouest du Nouveau Brunswick occupe une série de veines de quartz parallèles dans une zone de cisaillement fragile-ductile de direction NE et à pendage abrupt vers le nord apparentée à la faille de Sawyer Brook avoisinante qui délimite deux terranes. Cette zone de déformation recoupe les roches volcaniclastiques et volcaniques de la Formation de Waweig d’âge Silurien et est recoupée par les dykes de gabbro d’East Branch Brook, d’origine mantellique, ainsi que par divers dykes felsiques. La réactivation intermittente de la zone de cisaillement durant l’activité magmatique locale a entraîné la déformation et l’altération hétérogènes des dykes et de l’encaissant. La phase finale du cisaillement est associée à de minces dykes d’aplite-pegmatite qui passent latéralement à des granites granophyriques, puis à des veines de quartz aurifères. L’or, l’aurostibite et les intercroissances d’or et d’antimoine principalement associées aux veines de quartz sont associés à un assemblage minéral de sulfures à faible ƒO2 (pyrrhotite, arsénopyrite et berthierite) présentant une signature isotopique du souffre compatible avec une source magmatique. La saturation en or et la précipitation a eu lieu épisodiquement entre 300° et 350°C dans des conditions de faible activité de souffre, principalement en réponse à la baisse de pression durant la rupture fragile ainsi qu’aux effets de la baisse de température et aux réactions de sulfuration durant l’interaction entre le fluide et l’encaissant. Les études géochronologiques indiquent que l’âge de la mise en place des dykes de pegmatite-aplite et des veines aurifères qui leur sont associées coïncide avec le granite de Magaguadavic, d’âge Dévonien Précoce. De plus, la composition des dykes est compatible avec une origine provenant de ce granite sous la forme de phases fractionnées tardives. Le gisement principale (Main zone) de Clarence Stream est ainsi considéré comme étant associé aux intrusions, le granite de Magaguadavic étant la source ultime des fluides aurifères."

Jan 1, 2008

The theme of this Conference is 'The Future of Mining in New Zealand' to be addressed at a time of deepening economic concern. To ensure the assessment and development of our mineral resources in a competitive, safe and environmentally acceptable way a modest supply of a rare commodity û the professional mining engineer û must be assured. This paper briefly' reviews the history of mining education in New Zealand, discusses relevant overseas academic concerns and actions and discusses recent local trends which have led to a most serious recruitment position in the Department of Mining Engineering at the University of Auckland. Conclusions are drawn and proposals made which may remedy this situation which could have serious economic and sociological consequences for New Zealand.

Jan 1, 1991

By Haiping Sun, Samir Ganguly, Oleg Ostrovski, M. Yaser Lone

Wettability of graphite by synthetic SiO2-Al2O3-CaO-MnO slags with varied MnO content and by industrial slags was studied at 1350-1600 °C using sessile drop method under argon atmosphere. Initial contact angle was the lowest (110-115o) for the MnO-free slag. For slags with 10-40 wt% MnO, the initial contact angle was in the range 125-135o. The contact angle decreased with the contact time. The change in the contact angle with slag mass was found insignificant. The surface tension of slags obtained from the drop shape analyses was 500-800 mN/m and varied in a narrow range with temperature and MnO concentration. The reduction rate increased with increasing MnO content in the synthetic slag from 20 wt% to 40wt% and temperature. Increasing temperature also increased the rate of reduction. No correlation was observed between the reduction rate and MnO content in the synthetic slags in the range 0-20 wt% and in the industrial slags. The rate of SiO2 reduction from the molten slag was close to the rate of MnO reduction. The MnO-free slag had the largest contact area with graphite substrate. Keywords: reduction, wettability, graphite, slag, manganese, surface tension.

Jan 1, 2007

Rhyolitic rocks are volumetrically significant in the eastern part of the Coromandel gold province, yet deposits hosted by rhyolite (Kapowai, Broken Hills, Neavesville, Wharekirauponga and Waihi Beach) are generally low grade and subeconomic, especially compared with andesite-hosted deposits. In contrast, rhyolitic volcanic centres in Nevada host a number of economically significant epithermal gold deposits such as Round Mountain, Sleeper and Bullfrog. The Nevada deposits are associated with 27-20 Ma continental arc volcanics dominated by ignimbrites (eg Round Mountain), or younger 17-9 Ma bimodal rhyolite-basalt volcanism related to extensional basin-and-range tectonics (eg Sleeper). The Round Mountain deposit is localised on a caldera boundary fault and the mineralisation was deposited soon after eruption of the host rhyodacitic ignimbrite. In other Nevada deposits, hydrothermal systems are linked to the closing stages of flow-dome complexes and mineralisation is localised along normal faults associated with extensional basin-and-range tectonism. The style and composition of the mineralisation is similar in both the Coromandel and Nevada deposits and consists of sheeted and stockwork quartz veins, containing electrum as the main ore mineral and only minor sulphides (mainly pyrite) Likewise, the vein minerals were deposited from low salinity hydrothermal fluids in the temperature range of 200-270¦C. Both the Neavesville and Round Mountain deposits are geochemically anomalous in molybdenum. The deep oxidation of the Nevada gold deposits, dry climate and low level of competing land uses combine to make it economic to mine and process very low grade ore (0.2 - 2.0 g/t Au) by heap-leaching with cyanide solutions in most areas of Nevada. Although extensive low grade gold mineralisation is known at deposits such as Wharekirauponga and Neavesville, it is sub-economic because of shallow oxidation and land use conditions that are unfavourable for open pit mining and heap leaching.

Jan 1, 1996

By K. Coleman, C. Visser, N. Selby, X. W. Pan, T. Letwaba

A prototype weightometer soft sensor is under development at DebTech, De Beers in partnership with Venetia Mine. Its main function consists of an online data source; data validation; dynamic weightometer models; online detection of weightometer failure; alarming and replacing a weightometer when it fails. 31 dynamic models have been developed. All models with R2>= 85%are accepted as good models and they generally have satisfactory results with a daily error of less than 8% within 90% confidence level. By using those models, a set of soft sensors can be set up to cover all weightometers in the entire processes starting from primary crushing to the stock piles of dense medium separation (DMS). Some practical issues and concerns on model development are discussed, including data collection, data analysis, data pre-processing, variable selection, time delay, model training and model validation. When deploying the weightometer soft sensor system, the potential benefits could include: reduction in plant downtime; reduction in unplanned maintenance and even replacement of non-critical weightometers, particularly where nuclear weightometers are used. Keywords: soft sensor, weightometer, dynamic modelling, neural network modelling

Jan 1, 2003

By J. Drelich, J. Pletka

Lost foam casting patterns are foamed polystyrene shapes glued together into the shape of the part to be cast and are coated with a refractory material consisting of a mineral mixture and binders. Prior to casting, a significant number of the patterns are damaged and inevitably land-filled. In this study, a process is developed for the recovery of foamed polystyrene from the coating and glue contaminants. The process consists of shredding, impact comminution, size classification and density separation. It is successful in separating up to 97% of the contaminants, while recovering 95% of the polystyrene.

Jan 1, 2001

By D Hill

In the Ngakuru area zeolite deposits occur in late Quaternary lacustrine vitric tuffs of the Ngakuru Formation and two of the deposits are being mined. The Ngakuru Formation overlies the Ohakuri Ignimbrite dated at c. 240 ka, and is overlain by younger alluvial sands and gravels. Individual zeolite deposits contain 50 - 80 per cent zeolite over a thickness of up to 45 m in thinly stratified vitric tuffs and are localised along NE-trending normal faults. Glass shards in the tuffs are replaced by the silica-rich zeolites mordenite and clinoptilolite. Amorphous silica (opal A), opal-CT, Kfeldspar and smectite are also present. The zeolites and other minerals are very fine grained (<10 8m), with open meshes of crystals that result in high porosities (52 - 70 per cent) in mordenite-rich tuffs. Zeolitic tuff samples typically have cation exchange capacities of 80 to 110 meq/100 g and internal surface areas of 25 - 58 m2/g, which combine to give high liquid and odour absorption capacities. The first zeolite deposit (Mangatete) was found in 1992, and this and the Twist Road deposit are worked by quarry benching into the side of hills. The zeolitic tuffs are dried and crushed to produce a variety of products including adsorbents for soaking up oil/chemical spills and animal wastes, animal feed supplements, water treatment, and sports turf and slow release fertiliser. The Ngakuru zeolite deposits formed at shallow depth (<100 m) along fault zones from reaction of glass-rich tuff beds with groundwater-diluted geothermal water during the late Quaternary, and are as young as 8500 yr BP from 14C dating of plant material in sinter associated with the Mangatete deposit.

Jan 1, 2005

Editor’s note: As usual, the June issue features an industrial minerals review. And some thanks are in order. Thank you to the industrial minerals annual-review editor, to the technical committees chair and vice chairs and to the authors of the individual commodity profiles. Jim Norman of GeoTrans Inc. is the industrial minerals annual-review editor. William Langer, U.S. Geological Survey, is the chair of the SME industrial minerals technical committees and the vice chair of the technical committee for construction materials. Other technical committee vice chairs include: •Lucy McCartan, U.S. Geological Survey, agricultural minerals. •Steve Herron, Oglebay Norton Performance Minerals, ceramics and refractory materials. •Srinivas Veeramasuneni, U.S. Gypsum, chemical raw materials. •Ismail Yildirim, Imerys, fillers and pigments. •Charles Landis, BPM Minerals, sorbents, filters and process aids. •Ray Harris, Wyoming Geological Survey, specialty minerals. Their help makes possible this June industrial minerals issue. On behalf of the readers, the editors thank them

Jan 1, 2004

By J. W. Reynolds

Introduction The Sullivan mine, at Kimberley, B.C., is the principal source of ore for the Consolidated Mining and Smelting Company of Canada, Limited. Current production amounts to about 2,500,000 tons of lead-zinc ore a year. With approximately 1,600,000 feet of percussion drilling and 700,000 feet of diamond drilling being carried on each year, any improvements in drilling practice are important. Testing of new equipment and drill bits is a major function of the Testing Department at the mine. Tungsten carbide bits have been the subject of many tests since 1947 and have been used in operations since 1948. This paper details with the methods of testing and gives comparative data on performance and costs for tungsten carbide bits as compared to steel bits. Operational use of tungsten carbide bits started in April, 1948, and the extent of application has increased considerably since that time. The scale of employment is illustrated in Table I, which also shows other statistics on the use of carbide bits. Up to the present time eighteen types of carbide bits or tipped steel, as made by six different manufacturers, have been tested. In general, one supplier's bits have been used in operations, but some large-scale operational tests have been carried out with other types. The types tried are shown in Table II. To date they have been, the subject of 33 tests, covering the destruction of 804 bits over an observed footage of 42,586 feet.

Jan 1, 1951

By Eric Bain Wasmund, Lance Christodoulou, Julio Jairo Carmona Franco, María Fernanda Castillo, Jose Concha

"A number of technologies are in practice for selectively removing coarse gold from conventional grinding circuits. These circuits are often designed so that the grinding mill output is size classified, with large (or high density) particles being removed before the tails are returned to the mill. Because of the high relative SG of gold, and the fact that some forms of gold such as free gold do not break apart during conventional grinding, coarse gold can accumulate in the circulating load, and eventually be lost.Eriez has developed a flotation cell that uses fluidized water to enhance flotation of coarse particles. More than 40 units have been sold in industrial minerals, and we are now exploring applications for the HydroFloat® in the gold industry.Mineros S.A currently produces approximately 120,000 oz of gold per year by gravity concentrating alluvial gold ore with a mean particle size of 330 microns, followed by further concentration using a Falcon separator. A 400 mm diameter pilot-scale HydroFloat® was added to the tails of the Falcon to test whether additional gold could be captured. Enrichments of 50-600 times and recoveries normally in excess of 95% were achieved. This allowed direct smelting of the gold concentrate. Metallurgical results and operating parameters such as water addition and power will be discussed during the presentation.This result opens the possibility that the HydroFloat® could be used directly in the grinding circuit, for removing coarse gold in the circulating load. This work also shows the possibility that the HydroFloat® can produce a throwaway tail, which will reduce the size of the circulating load stream and the grinding requirements of the circuit."

Jan 1, 2015

By Charles L. Kimbell

The year 1979 was a period of increased activity for the world's mineral industry, distinctly in contrast with 1978 when estimated world crude mineral output value declined slightly and most phases of the industry's activity were somewhat curtailed. In 1979, most major mineral commodities recorded significant gains in output, with a substantial number achieving new record highs; details on trade levels for 1979 were not available, but increases over those of 1978 were expected on the basis of partial data. Consumption of most commodities edged higher; in some cases the higher demand levels were met largely through draw-downs of stocks accumulated in recent years, while in other cases notable output increases were required to meet demand. Actually, 1978 was not a bad year for all elements of the mineral industry if changes in output levels of the various commodities are considered as a measure of performance. There were far more individual commodities registering production increases between 1977 and 1978 than registered declines, but some of those reported as declining were relatively major commodities (bauxite, aluminum, copper and zinc were notable), Moreover, the upturn in productive activity in 1978 was not matched by increases in profits. However, 1979 was unquestionably a year of renewed expansion efforts, although some commodity areas, most notably the steel industry component, were still experiencing difficulties.

Jan 1, 1981

By R Shaw, M Hidding

The design of primary sample cutters for high-capacity conveyors is critical to achieving a correct sample, both in collecting the sample and ensuring smooth sample discharge flow. Modelling usually occurs at the design stage and requires extensive experience to achieve the correct result. However, it is difficult to confirm the effectiveness of the cutter design until after installation. Even with high-speed video, confirmation of complete sample capture is difficult, especially if the material characteristics change over time. Recent investigation using discrete element method (DEM) simulation to model the flow of the ore into the cutter and observe how it interacts with the cutter has revealed some interesting design requirements not observed in the past. By including DEM modelling, the correct design and optimisation of the cutter can be more accurately determined prior to commissioning.CITATION:Hidding, M and Shaw, R, 2017. Modelling ore flow in the design of high-capacity sample cutters, in Proceedings Eighth World Conference on Sampling and Blending , pp 145–150 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2017