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By Daniel T. Brian, O&apos

Exploration targets and results in the mining industry are commonly summarized in terms of tonnage and grade. Business appraisals require, as additional information, the expected profit or loss implied by the physical summay. The early incorporation of knowledge gained through financial analysis computations can provide a means for economically resolving many common exploration and development problems. Examples of such applications from the activities of exploration planning, reconnaissance, land acquisition, and development planning are presented. While prospecting for mineral deposits, geologists are frequently asked what they hope to find or have found. The response is usually descriptive, such as "50 million tons of 1% copper," and the economic implications are deferred until a capital investment decision is required. At that time, a financial analysis integrating the four analysis components is completed. These components are: 1) Tonnage and Average grade above cutoff grade 2) Capital and operating costs 3) Product value 4) Appropriate profit or loss accounting Close examination of these components reveals that there is no intrinsic reason for avoiding financial analyses at earlier stages in exploration, as long as the uncertainty of the estimate is realized. Tonnage and average grades are commonly estimated at early stages in exploration. For this component, the appropriate cutoff is the major uncertainty. Capital and operating costs are difficult to estimate before detailed quantitative information is available, but estimates useful for the types of applications pertinent to earlier exploration stages are possible. Product value estimates may or may not be difficult, depending on the pricing structure of the particular commodity. A simplified accounting procedure usually may be adopted without introducing any significant loss of validity. This paper describe some of the financial analysis applications which are pertinent during mineral exploration and deposit development. These applications lend additional insight during exploration planning, land acquisition, physical exploration, and development. The examples are oriented toward a hypothetical management investment policy which is based on a single criterion, a minimum 15% discounted cash flow rate of return. In reality, managements use multiple criteria. This simplification is convenient for purposes of presentation and does not invalidate the examples. Computers are useful, but not a requirement, for the applications described. The use of computers provides the results on a more timely basis at costs lower than equivalent manual computations. UNDERLYING PRINCIPLES AND ANALYSIS METHODS Data estimates are subject to uncertainty. The analyst may choose to assess this uncertainty by using one of two principles. Each principle has some advantages. The principle most commonly employed is "assumed certainty." Each financial analysis is based on one set of selected data, which may represent the average estimates, minimum expected conditions, etc. The critical data is identified by making successive calculations, varying the values used. Such studies, called sensitivity analyses, isolate the economic effect of various uncertainties, and guide the allocation of future efforts toward improving the overall accuracy of the analysis. A second principle, "assumed risk," examines the interactive effect of the current uncertainties by qualitatively assigning probability distributions to each data element. These probability distributions indicate the currently appraised chance that a given numerical value will prove to be true. The corresponding procedure, risk analysis, consists of processing many individual financial analyses, each analysis being based on randomly selected numerical values from the probabilistic distributions. The result is a numerical presentation of the uncertainty, but care must be exercised in the interpretation of results. The advantage of this procedure is the direct measurement of economic uncertainty caused by the interaction of uncertain estimates. Kennecott Copper Corp. has developed computer systems for accomplishing sensitivity and risk analyses.

Jan 1, 1970

By Michael Arnold, Bob Faulhaber, Joe Nichols

"Center Hill Dam is a critical part of the infrastructure controlling floods at the Caney Fork River and reducing flood levels at the Cumberland, lower Ohio and Mississippi Rivers. The Center Hill Dam Foundation Remediation Project was necessary to address Karst features in the foundation rocks and observed signs of distress of the dam. From 2011 to 2014 BAUER Foundation Corp. (BFC) performed deep foundation works for this project. The executed features of work include the installation of two walls. The first wall extends throughout the clay embankment into the underlying rock to provide encasement during the construction of the second wall. Its width of 7.4 feet makes it the widest diaphragm wall ever installed. The second wall is the actual seepage barrier and provides a continuous 2- feet wide wall. It extends through the first wall into the underlying rock and is up to 300 feet deep. The paper introduces the project, the requirements specified by United States Army Corps of Engineers (USACE) for encasement and barrier wall and the approaches taken by BFC. It discusses the ground conditions and describes the excavation equipment as well as the excavation methods used. A special focus is put on the steering capabilities of the hydrocutter equipment and the verticality performance.PROJECTBeginning in 2011, BFC was tasked by the USACE with the installation of a seepage barrier/cutoff wall at the Center Hill Dam Foundation Remediation project under a partially performance based specification. The remediation was necessary due to karst features in the foundation rocks and observed signs of distress, which led USACE to rate the dam with the most critical dam safety action classification (DSAC I). The executed features of work include the installation of two walls. The first wall, an encasement wall, extends vertically through the clay embankment and is embedded minimally into the underlying bedrock to provide embankment stability during the construction of the second wall, the barrier wall. The encasement wall is constructed of overlapping panels 7.4 feet (2.25 m) wide, which is the widest diaphragm wall ever installed, and up to 210 feet (64 m) deep. The second wall is the seepage barrier and provides a continuous 2 feet (0.6 m) wide wall consisting of overlapping panels. It extends through the encasement wall into the underlying bedrock and is up to 307 feet (93 m) deep. BAUER BC40 and BC50 hydrocutters mounted on MC96 and MC128 foundation cranes were used to perform the majority of the works (Figure 1). Excavations were performed under bentonite slurry (encasement wall) and water (barrier wall) and concrete was poured with the tremie method. Adding to the challenges, the project had to be executed in an environmentally sensitive area. Based on the high risk, a special focus was put on monitoring, quality control and geometric accuracy. The WallTracker information management system was used to share all relevant data between BFC and USACE (Roff et al. 2014)."

Jan 1, 2017

By Donald H. Koch

The project investigated the impacts of coal and mineral storage piles on both ground and surface water quality. The study consisted of two major tacks, Task 1 had two phases. The first phase was field investigations in which ten cons and mineral stockpile sites (5 coal, 5 mineral: phosphate, lead, copper, iron, uranium) across the country were visited to determine the actual impart of coal and mineral stockpiles on writer quality. The second phase of Task I was a series of leaching experiments in which drainage from the ten coals and minerals was controlled and monitored to survey the extent to which storage piles release toxic ions to ground and surface waters. Task IT was n review of pollution abatement techniques with three generic treatment examples applied to lead-zinc ore, eastern coal, and uranium ore stockpile leachate. Major conclusions drawn from the completion of Tasks I and II include: water quality impacts are site specific, there is n high correlation between sulfide content of u material and its solution potential, and the selection of the best treatment alternative for n specific coal or mineral storage area must be based on site-specific criteria, pilot studies on representative leachate samples, and sound engineering design.

Jan 1, 1982

By Marcos Singer

Anteriormente, los proyectos de infraestructura de la minería chilena se realizaban de manera desintegrada, dado que el diseño y construcción era ejecutado por empresas internacionales de ingenería y montaje. En ese sentido, el presente texto plantea la importancia de la integración de los servicios transversales en la minería chilena -en tanto aumentan la disponibilidad de la mano de obra y favorecen la retención del personal. Así, al desarrollar proyectos que integren desde el diseño a la operación, se espera que las reducciones de costos se asocien al Opex, ya que es la operación eficiente al foco de diseño. De forma que el Opex de un proyecto tradicional sea igual o superior al Capex + Opex bajo la modalidad DBOT u otra similar

Sep 1, 2013

By Annie G. Smelley

As a part of research conducted in its mission to effect pollution abatement, the Bureau of Mines, U.S. Department of the Interior, is developing a dewatering technique that allows for disposal of clay wastes, for reuse of water now lost with clays, and for reclamation of mined land. The technique utilizes a high-molecular-weight nonionic polyethylene oxide polymer (PEO) that has the ability to flocculate and dewater materials containing clay wastes. In laboratory experiments, coal-clay waste, potash-clay brine slurry, phosphatic clay waste, uranium tailings, and talc tailings were successfully consolidated. Coal-clay was te was consolidated from 3-. 6 to 57 percent; potash-clay brine slurry was consolidated from 3.8 to 35 percent; phosphatic clay waste from 15.6 to 49 percent; uranium tailings from 15.4 to 67 percent; tailings from talc production from 9.7 to 53 percent; and an acidic Ti02 slurr slurry from 1.68 to 30 percent.

Jan 1, 1980

By M. Moinpour, Y. K. Rao

The catalysed direct reduction of copper sulphide with carbon and lime was investigated in the range 850-1000 degrees C using Cu2S-CaO-C and Cu2S-4CaO-4C reaction mixtures. The effects of the catalytic additives K2CO3, Li2CO3, Na2CO3, NaF, Na2SO3 and the ternary eutectic (K,Li,Na)2CO3 were determined. Potassium carbonate, sodium fluoride and the ternary appear to be the most effective catalysts for the direct reduction process. The rate enhancement of the catalysed carbothermic reduction of copper sulphide in the presence of lime was explained in terms of the catalysis of the Boudouard reaction

Jul 1, 1991

By Ry Stone

To maintain longwall continuity, NRE Wongawilli Colliery extracted the approximately 20-year-old Thompson Mains and in doing so, 20 roadways were holed into during longwall retreat. The orientation of these roadways with regard to the longwall face varied between (i) a parallel alignment where the entire roadway was simultaneously subjected to a significant increase in vertical stress on holing and (ii) a more favorable high angle of alignment, meaning that only a portion of the roadway was subjected to an increase in vertical stress on holing. In addition, the longwall holed into and was recovered in one of the existing roadways. The geotechnical environment presented several additional challenges during longwall retreat. The orientation of the stress field resulted in a major horizontal stress notch on the maingate and an elevation in the major horizontal stress in front of the longwall face during the retreat up to an adjacent goaf edge. The presence of geological structure zones also resulted in both swings in the major horizontal stress direction and increased levels of roof deformation. The gate road support designs were based on commonly accepted strata management techniques and principles. The support designs in the hole-through roadways were based on empirical design models generated from (i) aconceptual geomechanical model of pre-driven hole-throughand recovery roads and (ii) a worldwide database on pre-driven hole-throughand recovery roads. Imperative to the success of extracting the panel was a sitespecific strata management process. In this regard, consideration was given to the following: roof displacement monitoring in the gate roads (in particular, Longwall (LW) Acceleration Position), roof-to-floor convergence monitoring in the hole-through roadways, the ability of the mine to limit downtime prior to and during holing by utilizing an Authority to Mine (ATM) type process, and the use of Trigger Action Response Plans (TARP).

Jan 1, 2012

By Dechun Lou, Benjamin Ravary, Merete Tangstad, Stein Wasbø, Sean Gaal

The melting phenomena of manganese ore, slag and alloys were studied in an experimental sessile drop furnace. Particles of approximately 20-60mg were placed on graphite substrates and then heated at a constant rate of 5°C/min up to 1830°C in a controlled gas atmosphere of Ar or CO. The shape of the particle was photographed with a digital video camera every second. It was observed that the melting behaviour can vary significantly, with some particles exhibiting a large softening/melting range. Selected samples were sectioned and then analysed with EPMA. The implications of the results on understanding industrial furnace operations are discussed.

Jan 1, 2007

By Mary Cocklan-Vendl

Regulatory processes associated with development of a world class lead-zinc mine, Red Dog Mine, in northwestern Alaska were reviewed and evaluated. Informal interviews with key project personnel, consultants, and agency field and permitting specialists provided perspective on the regulatory successes and failures of the project. Due to potential impacts to air quality, water quality, wetlands, and National Park lands, an Environmental Impact Statement was required. By developing a comprehensive baseline of information on the existing environment to aid in minimizing impacts during project siting/design and through regular coordination of evolving project plans with regulatory agencies, the mine developers were able to acquire necessary permits in a timely and cost effective manner. The only major exceptions occurred when inadequate information was collected on dispersal of airborne particulates, rates of surface water run-off, and groundwater quality. These deficiencies resulted in the need for design changes, unscheduled construction, additional environmental monitoring costs, and delays in issuance of the NPDES permit.

Jan 1, 1992

By P. Zhang

A multiyear, comprehensive study of flotation reagents used in phosphate beneficiation was conducted. The study involved the evaluation of pure fatty acid compounds, comparison of various anionic collectors and testing of iso-acids. Various C12 to C22 fatty acids were tested as Florida phosphate collectors. The saturated fatty acids were found to be very poor collectors when using the standard conditioning procedure, whereas the unsaturated C16 to C22 fatty acids showed fair to good phosphate collecting ability. The C18 fatty acids oleic, impure oleic and linoleic and the C20 eicosenoic acid were shown to be the best phosphate collectors. The best flotation results were obtained using Liqro GA tall oil and oleic acid. Four isostearic/iso oleic acid type fatty acid collectors were compared with a commercial grade oleic acid and with Liqro GA tall oil as phosphate collectors using standard laboratory conditioning and flotation procedures. The most selective collector evaluated was Century 1108, a high isostearic acid-type reagent. However, it was concluded that this excellent-performing reagent was too expensive for commercial use. Overall, the most promising reagent was probably Century MO-5. This collector is essentially an iso-oleic acid/stearic acid mixture (not isostearic acid), and it costs much less. This program laid a sound foundation for developing single collector, all anionic flotation processes.

Jan 1, 2009

By S. Bellec

A leaching model for gold ore that takes into account the impact of cyanide and oxygen concentrations as well as gold surface exposure on leaching performance is developed. Cyanide consumption is estimated by an empirical model that is a function of ore particles size distribution as well as cyanide, copper and sulphur concentrations. The proposed model has been validated by data from laboratory leaching tests on the Sleeping Giant gold mine ore. Keywords: gold leaching, modelling, exposure surface.

Jan 1, 2009

By A J. Cornah

Critical decisions in iron ore project evaluation and production are based on global and local spatial estimates of primary mineral deposit properties (such as in situ geochemical grades) and geometallurgical responses (such as screened, washed or concentrated product yields and grades), which are derived from limited sample data. These spatial estimates are typically made using classical geostatistical techniques, which fundamentally assume that the attributes of interest behave additively. This assumption is generally appropriate for æprimaryÆ variables but æresponseÆ variables may behave non-additively and therefore their direct linear estimates may be biased.In this paper an existing additivity testing mechanism is used to quantify the bias resulting from direct linear estimation of a non-additive iron ore attribute. Data from a magnetite project are used to determine the circumstances under which such biases may be of material impact. The implications for iron ore resource estimation, geometallurgical modelling and grade control are outlined and discussed.CITATION:Cornah, A J, 2013. Assessment of the impact of non-additivity in the estimation of iron ore attributes, in Proceedings Iron Ore 2013 , pp 129-136 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 12, 2013

By Paul Morrison

The paper describes the design process, trial testing and contract pile installation of 772 pre­cast concrete piles at a site in Surrey, South East England. Recommendations on how to improve the design, construction trials and main contract piling phases of the project are made. The building layout is shown in Figure 1 and is comprised of a central circulation area with five office wings radiating out from its southern side (only three of these wings were constructed in Phase 1 of the project). Approximately 60% of the circulation area and one office wing were built with a single level basement. The basement was constructed "bottom-up" in open cut with the void between the basement walls and the cut slope being back-filled with compacted site won soil above a perimeter drainage system at basement slab level. The building has up to 3 stories above basement level and is a reinforced concrete structure. The client for the project is Pfizer Ltd. Pfizer Ltd was represented on site by Laing Project Management (Laing). The consulting engineer was Ove Arup and Partners (Arup) while the piling contractor was Roger Bullivant Ltd (RBL).

Jan 1, 2000

By J. W. Town

The Bureau of Mines determined the physical properties of southeastern Idaho phosphate fines as related to mineral composition, particle size and liberation, beneficiation, and potential use in structural clay products. The phosphate mineral in the fines was identified by unit-cell dimensions to be essentially the same as the phosphate mineral fluorapatite identified in the coarser sizes. The mean particle frequency as determined by electron-microscopy and pipet-analyses was between 0.5 and 0.2 micron. Liberation of the phosphate could not be definitely determined because of the weathered condition of the minerals and their extreme fineness. No beneficiation scheme was developed that would concentrate the phosphate into a marketable fertilizer product; therefore, forming and firing tests were made to demonstrate that the fines can be used to manufacture structural clay products.

Jan 1, 1968

By Ronald Branstetter

Gaseous and particulate exhaust emissions from 20 diesel engines in service at five underground mines were measured with high accuracy instrumentation. The engines that were tested were checked for faults or maladjustments. The vehicle and engine maintenance organization was studied at each mine and an idealized maintenance program was devised. Faults were induced in a new diesel engine to determine their effect on the characteristics of the exhaust emissions. The results, conclusions and recommendations from this investigation are presented in this final report.

Jan 1, 1983

By W. E. Robinson

Differences in the composition or chemical structure of the organic material in samples of Uinta Basin (Utah) oil shale were studied relative to stratigraphic position within the Green River Formation. This involved a systematic study of the soluble organic material and the insoluble organic material (kerogen) present in the samples. Emphasis was placed upon the distribution of the alkanes (normal and isoprenoid compounds) in the soluble extracts and upon the aromaticity of the kerogen. Significant differences exist in the chemical composition of the organic material from various strata within the Uinta Basin, some of which were related to burial depth but most were related to source material variations, environmental differences, or other factors. The Uinta Basin samples differed significantly from Piceance Creek Basin and Green River Basin samples in the large amount of soluble extract they contained.

Jan 1, 1975

By Harold A. Watson

A method for measuring leakage of vapors into a chemical-cartridge half-mask facepiece during simulated use is described. The respirator, fitted with high efficiency cartridges, is worn in a dichlorodifluoromethane (CC12F2)--air test mixture while a series of timed activities (facial movements, varied breathing, exercise, etc.) is performed. Complementing other tightness tests, this method is useful particularly for studying face fit and the effect of facial movements on leakage. The concentration of CC12F2 within the facepiece is monitored continuously to observe the immediate effect of physical activity on leakage. A composite sample is collected simultaneously in a plastic bag as a measure of average leakage during the 18-minute test period. Leakage, reported as percent, is calculated from the concentrations of CC12F2 within the facepiece and in the test atmosphere.

Jan 1, 1970

By A. S. Argon, G. East

From their study of the anisotropy of grain boundary mobility in aluminum, the authors conclude that tilt boundaries have a higher mobility than twist boundaries because the atomic misfit at the pure-twist boundary is relatively small compared to the misfit at a tilt boundary for a given amount of misorientation. If this is true, then one would expect a twist boundary to have a lower grain boundary energy than the corresponding tilt boundary. Fig. 6, taken from the work of Gjostein and Rhines,10 shows that this is indeed the case for [001]-cu tilt and twist boundaries in the high-angle region, thus lending support to the authors' conclusion.

Jan 1, 1968

By M E. Pierce, T V. Garza-Cruz

Rock mass strength and brittleness generally have a significant impact on both cavability and fragmentation. Variability in these properties across a panel or block footprint is of particular interest because stronger units have the potential to significantly impact cave shape. This paper describes how FLAC3D™ was used to examine the impact of variability in rock mass properties on predicted cave performance to aid in assessing potential risks associated with the proposed design.A case study orebody was subdivided into a number of domains to reflect the heterogeneity of the rock mass at the scale of a proposed inclined cave. The results suggest that the presence of stronger units has the potential to impact cave shape significantly in the southern half of the cave footprint and could increase the potential for cave stalling at shallow depths. If this unit is stronger and less brittle than expected, an overhang is predicted to develop in the southern half of the inclined cave at depth. The effective hydraulic radius is significantly reduced due to the overhang in the south, and the cave could eventually stall at shallower depths in the north.CITATION:Garza-Cruz, T V and Pierce, M E, 2016. Impact of rock mass strength variability on caving, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 359–368 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

Preliminary work being undertaken on the optimisation of decision strategies for an open-pit metalliferous deposit is presented. The Optimal Control method has been selected rather than the easier to implement Dynamic Programming method of optimisation since a fundamental criteria of Dynamic Programming is violated. Essentially a system of state equations and decision variables is developed for the operation under consideration.

Jan 1, 1984