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By C. Piribauer, E. Feichtenhofer, A. McEneaney

"As part of a major diversification project, RHI AG, through its plant in Drogheda Ireland, has developed a Caustic Calcined Magnesium Oxide (CCM) for use in the Cobalt (Co) & Nickel (Ni) hydrometallurgical extraction industry. In the course of the project, the company investigated the chemical and physical properties of a number of different Magnesia’s used in Co & Ni hydrometallurgy applications and has been able to determine the important parameters for a successful Magnesia for this application. A number of live plant trials have confirmed the results of this testwork and the company is now proceeding to produce this product in commercial quantities at Premier Periclase Ltd., the RHI AG plant in Drogheda, Ireland. This paper will outline the development work conducted by the company and highlight the important chemical and physical properties that make a successful CCM. Much of the research was conducted at the RHI Technology Centre in Leoben, Austria. In addition, a number of external laboratory studies were conducted on behalf of RHI AG. The result of this work has allowed the company to develop a Magnesia product with optimised properties for use in the Cobalt and Nickel hydrometallurgical extraction process.INTRODUCTION Premier Periclase is part of RHI AG, a globally operating supplier of refractory products, systems and services, headquartered in Vienna, Austria. The company produces Magnesia from seawater at its plant in Drogheda, Ireland. While the main focus is on production of refractory grade Dead Burned Magnesia for the steel industry, the plant also produces a number of different grades of Caustic Calcined Magnesia as well as Magnesium Hydroxide products. As part of a major project to diversify the company’s product base, the use of CCM in the Cobalt (Co) & Nickel (Ni) hydrometallurgical extraction industry was investigated. One of the company’s highly reactive grades of Caustic Calcined Magnesia was found to be particularly suitable for this application. In an effort to understand what makes a successful Magnesia for hydrometallurgy the chemical and physical properties of different Magnesia’s used in Co & Ni hydrometallurgy were investigated. This paper and conference presentation outlines the findings of this process."

Jan 1, 2017

By K. Miao, W. Mu, M. Sharma, A. Haas, N. Dogan

"The ever increasing demand for cleaner steels with low inclusion content has highlighted the limits of our current knowledge for controlling and predicting inclusion agglomeration and removal during liquid steel processing. Key knowledge gaps in this area result from the complex nature of the problems associated with measuring and visualizing the phenomena studied. Confocal scanning laser microscope (CSLM) allows for continuous in situ observation of micron-size samples in real time, at high resolution, under conditions relevant to the steelmaking process. This paper summarizes some of recent CSLM applications in our laboratory to illustrate the methods of analyzing transient behavior. The reaction between inclusions and slag is given as an example. The dissolution rate of calcium aluminate inclusions in CaO-SiO2-Al2O3 slags has been studied at elevated temperatures: 1500, 1550 and 1600°C as well as thermodynamic/kinetic analysis. It is found that total dissolution time decreased with increasing temperature. The rate limiting steps are discussed. It is shown that the diffusion through a product layer is responsible for dissolution at 1500°C. At higher temperature, dissolution is most likely controlled by both boundary layer diffusion and chemical reaction at the slag-inclusion interface. In this paper, the evidence for and against the theory will be critically examined and repercussions of the theory to steel refining processes will be discussed.INTRODUCTION Inclusion formation during liquid steel refining is an unavoidable consequence of current ladle steelmaking processes. The nature and quantity of the inclusions formed in steel is critical in steelmaking, as it affects both productivity through clogging, and downstream physical properties of the steel. It is therefore crucial to better understand and control the formation, agglomeration and dissolution behaviour of inclusions in a slag in order to improve the removability of inclusions from liquid steel. Most research (Sandhage & Yurek, 1988; Sandhage & Yurek, 1990a; Sandhuge & Yurek, 1990b; Sandhuge, 1991) relevant to the kinetics of inclusion removal has been obtained by using a technique where simulated inclusion material (ceramic rods) is dipped in slag and the dissolution rate is measured. While much has been learned using this approach, the difference in scale from bulk materials to inclusions is likely to have a significant bearing on the dissolution kinetics of inclusions in a slag and will certainly result in a very different influence of capillary effects. Further, the data obtained using an indirect (dip test) procedure relies on a comparison of the initial and final conditions of a sample rather than in-situ observation which can be achieved in a confocal microscope in real time."

Jan 1, 2017

By Chri Langille, Dougal McCreath, Samantha Espley

"In 1993, trials of two innovative applications of liner support involving the replacement of bolts in the ground support system were undertaken at Inco mines. The first trial involved an evaluation of the effect of dynamic loading on mesh-reinforced boltless shotcrete in a sub-level cave mining area on 2400 level at Stobie Mine. The second trial involved an evaluation of the MIROC Mineguard spray-on liner as a replacement for bolts and screen support, or as a replacement for screen support alone, in a topsoil heading of a bulk, VRM (vertical retreat mining) stope on 3240 level at Lower Coleman Mine.In the Stobie Mine trial, an uppers retreat heading was supported using a two-pass system. First, shotcrete was applied 2 inches thick, followed by pinning of mesh screen to the back and walls. A second pass of another 2 inches of shotcrete was then performed. For recovery of the ore zone, a vertical slot was created using a Borepak blind boring machine. The uppers rings were blasted, one or two rings at a time, starting at the slot and retreating out of the heading. During blasting of the production rings, blast monitoring was used to record the ppvs (peak particle velocities). For a series of 5-ring blasts, the maximum ppvs were measured to be 0.4 m/s (16 in./s) with a maximum charge weight per delay of357 kg (800 Ib). Six 5-point convergence measurement stations were set up and after each blast the total rockmass convergence was measured using a tape extensometer. Although a maximum displacement of 100 mm (4 in.) was measured, the shotcrete still managed to provide some support junction. A support damage assessment was also done to try and relate blast vibration to effectiveness of the mesh reinforced shotcrete liner. This trial demonstrated the effect that blasting has, on a support system, and it also demonstrated the necessity of having the mesh reinforcement properly placed within the shotcrete."

Jan 1, 1995

By G. Armand, A. Noiret, D. Seyedi, J. Morel

"Clay formations in their natural state exhibit very favorable confining conditions for repository of radioactive waste because they generally have a very low hydraulic conductivity, small molecular diffusion and significant retention capacity for radionuclides. Nevertheless, one concern regarding the hydromechanical behavior around drifts in such claystone is the associated pore pressure field disturbance during excavation works. In the short term, the very low permeability leads to an almost “undrained” condition, meaning that the stress change due to face advance will create volumetric strains leading to an increase or decrease of pore pressure. If the effective stresses reach the failure level, the induced damage around these excavations might change the favorable properties of such formations. To demonstrate the feasibility of a reversible deep geological disposal of high-level and intermediate-level long-lived radioactive waste (HLW, IL-LLW) in the Callovo-Oxfordian claystone (COX) formation, the French national radioactive waste management agency (Andra) started in 2000 to build the Meuse Haute-Marne underground research laboratory (M/HM URL). The present paper illustrates observed pore pressure changes during excavation of drifts (˜5 m diameter), of micro tunnels (˜0.7 m diameter) and a borehole (˜0.15 m diameter). All these openings are parallel to the major horizontal stress at the main level of the M/HM URL. In drifts parallel to the major stress (i.e., when the initial stress field in the drift section is quasi-isotropic) an important increase followed by a drop of pore pressure is observed in the horizontal plane at the drift wall. These observations emphasize the impact of the in situ stress state and rate of excavation on the pore pressure and provide important insight of the hydro mechanical behavior of the COX claystone and the relationship between pore pressure and excavation induced fractures zone."

Jan 1, 2015

By J. T. Fyles, C. G. Hewlett

"THE REEVES MACDONALD mine is in the Sa Imo-Pend d'Oreille mining area of southeastern British Columbia. It is on the Nelway-Waneta road 4 miles west of the border-crossing point of Nelway. The Reeves orebody from which all production has come is one of several mineralized zones in easterly-striking limestones occurring between the Pend d'Oreille and the lower part of Salmo River.The property was originally located as two groups of claims by R. M, Reeves and J. H. McDonald. The two groups were consolidated in 1925. and extensive development work was done from then until 1930 and again in 1937, but no ore was shipped. The mine was reopened in 1947 and, between 1949 and 1953, 1,057,804 tons of ore was mined. Concentrates recovered contained 85,626 ounces of silver, 19,394,092 pounds of lead, 72,076,495 pounds of zinc, and 455,051 pounds of cadmium. Low metal prices forced the mine to close in 1953, but operations were resumed in November, 1955.The orebodies at the Reeves MacDonald mine are steeply plunging lead and zinc sulphide replacement deposits in a banded limestone named the Reeves limestone. The orebodies contain pyrite, honey-coloured sphalerite, and galena, and are surrounded by a dolomitized zone. In the Reeves orebody, where the relationships are known, the dolomite has the same general shape as the orebody. Four zones of sulphides are known on the property (see Figure 1). Three of these, the Reeves, B. L., and O'Donnell, are believed to be faulted segments of one mineralized zone. The fourth, the Point ore zone, exposed on the north bank of the Pend d'Oreille River, is not developed and its structural position is not known, but it appears to be a separate deposit."

Jan 1, 1949

By F. Hassani, J. Peck, D. J. Lucifora

The performance of a rotary blasthole drill is heavily dependent on the material being drilled. This material is a microcosm of the in-situ geology that makes up the surface mine in which the rotary blasthole drill is deployed. The performance metrics that are influenced by the in-situ geology are penetration rate (distance drilled per unit time), rotary torque and to a lesser extent rotary speed and vibration. For simulation and testing purposes it is useful to have a validated plant model based upon the application of study. Once validated, a plant model can be used to perform simulation based testing as a supplement and possibly in place of more expensive and logistically complex field testing. Previous studies in the field of rock mechanics have supplied proven models that relate the performance of a rotary blasthole drill to the material being drilled for a given rock type with a given drill bit. In this study, field based experiments were conducted in an active surface mine on a working rotary blasthole drill and the corresponding monitoring while drilling (MWD) data was recorded. Data analysis was then performed on the collected field data. The techniques used successfully fit the collected MWD data to the previously proven rock mechanic models. This paper explores the theory relating rotary blasthole drill performance to the material being drilled, illustrates the required data collection and data analysis techniques, and demonstrates the ability of these techniques and the known rock mechanic models to provide a simulated plant model for the drilling process that can then be validated. This validation is also discussed.

Jan 1, 2015

By D. Shen, J. Cheung

Variable reactance arc control by the SPLC (Smart Predictive Line Controller) has been installed at many different mining sites and steel processing plants around the world. Since its first installation 18 years ago, many advances have been made to both the technology, and to its integration with furnace processes and plant operations. The SPLC has helped to improve electric arc furnace stability by reducing electrode movement while maintaining flat line arc power. Stable furnace operation at higher average power increases productivity. This paper summarizes the progression of electro-technology at Hatch since the 1970s, including fixed and variable reactance, digital electrode regulation, and fast variable speed hydraulics for Soderberg electrode, as demonstrated and benchmarked through projects and lessons learned over the years.

Jan 1, 2015

By M. S. Moats, F. Elnathan

"The effect of current reversal on two commercially manufactured electrodes (RuO2-TiO2 and IrO2-Ta2O5 coated Ti) in a chloride bearing electrolyte was evaluated. Accelerated lifetimes were found to decrease with increasing current density and increasing reversal frequency. Ru: Ti coated electrodes exhibited longer lifetimes than Ir: Ta coated electrodes even though they had one-third as much precious metal content. Chloride concentration did not affect lifetime in the range examined. Using energy dispersive X-ray spectroscopy (EDS), scanning electron microscopy (SEM) and electrochemical impedance spectroscopy (EIS), the failure mode of the electrodes was determined to be coating dissolution leading ultimately to passivation by the presumed growth of a highly resistive oxide at the coating/substrate interface.INTRODUCTIONCatalytic titanium anodes (CTAs) were developed in the 1960’s to replace graphite anodes in chlor-alkali cells. CTAs exhibited much better dimensional stability than graphite leading to lower operating potentials by promoting smaller electrode gaps and better operational efficiencies as they had to be replaced less often. CTAs are simply Ti substrates coated with precious metal oxides (such as IrO2 and RuO2) mixed with other components (such as TiO2 and TasO5) (Trasatti, 2000).CTAs are used in many other electrochemical industries, including water disinfection, wastewater treatment, cathodic protection and metal plating. RuO2 based coatings are typically used for chlorine evolution. IrO2 based coatings are for the most part utilized for oxygen evolution (Comninellis & Nerini, 1991; Forti, Olive, & De Andrade, 2001; Kotz, Stucki & Carcer, 1991; Trasatti & Lodi, 1981)"

Jan 1, 2016

By J. M. R. Carvalho, M. T. A. Reis, M. R. C. Ismael, M. J. N. Correia, S. M. C. Santos, J. M. Carvajal

A sulphide zinc concentrate (Zn-40%) has been leached in sulphuric and chloride media to optimize the conditions for the recovery of zinc and copper. Previous results showed that extractions of 95% zinc and 20% copper can be achieved in just one stage, after two hours of leaching at 80°C with a solution 0.5M in Fe2(SO4)3 and H2SO4 and a solid/liquid ratio of 5%. This work presents the results obtained in the leaching experiments carried out in sulphuric and chloride media using two and three crosscurrent stages and a countercurrent process simulation for a solid/liquid ratio of 10%.

Jan 1, 2008

By H. Saeedi Ali, A. J. Monhemius

"Anglo Asian Mining’s Gedabek mine is situated in the Lesser Caucasus mountains in Western Azerbaijan. The ore body is a complex copper-gold porphyry deposit, comprising intermixed oxidized, transition and sulphidic gold and copper-bearing ores. Gold in the sulphide ores is generally not refractory and is recoverable by cyanide leaching, but the secondary copper minerals, which are also cyanide soluble, lead to high cyanide consumptions. Ore processing at Gedabek is by agitation leaching for high grade ore (>1g Au/t) and heap leaching for lower grade ore. In order to cope with the high copper concentrations in the cyanide leach liquors, a unique combination of resin-in-pulp for selective gold extraction and SART processing for copper removal and cyanide recovery is used. In 2015, a flotation plant was added to treat the tailings from the agitation leach plant before the tails are sent to the tailings dam. This plant produces a copper sulphide flotation concentrate and also recovers some of the residual gold and silver in the tailings. Since February 2017, due to lower grades of gold and higher copper in the feed ore, the decision was taken to alter the flow sheet and to carry out flotation ahead of agitation leaching, to reduce the cyanide consumption during leaching by removing soluble copper minerals. The paper compares and contrasts the performance of the plant in the two configurations, namely, (i) leaching followed by flotation and (ii) flotation followed by leaching.INTRODUCTION In May 2009, Anglo Asian Mining started open pit mining for gold on its Gedabek property in the Lesser Caucasus Mountains in western Azerbaijan. Gedabek is situated on the highly mineralized Tethyan Belt that runs from the Himalayas to the Balkans. The ore body at Gedabek is a complex copper-gold porphyry deposit, comprising intermixed oxidized, transition and sulphidic gold-bearing ores. The sulphidic ores contain mainly pyrite and chalcopyrite, with some secondary copper sulphide minerals, such as bornite and chalcocite, and minor amounts of sphalerite, galena and tetrahedrite. Gold in the sulphide ores is generally not refractory and is recoverable by cyanide leaching, but the secondary copper minerals, which are also cyanide soluble, lead to high cyanide consumptions and passivation of free gold."

Jan 1, 2017

By Somasundaran P., M. Vasudevan, Z. Dai, D. R. Nagaraj, T. Bhambani, P. Patra

Historically, efficient beneficiation of ultramafic ores has been challenging, partly due to a lack of clear scientific understanding of the effects of Mg silicates, particularly fibrous serpentines, on selective Ni recovery. Recent research at Columbia-Cytec as a part of a Vale JDP project has led to new insights into the mechanistic aspects of the adverse effects of Mg silicates. Our research has provided strong evidence to support the hypothesis that the adverse effects of Mg silicates are mediated through their large influence on pulp rheological properties, far more than any other pathway. The severity of the effect of Mg silicates is predominantly dependent on the aspect ratios of Mg silicates. For example, the pulp viscosity increases dramatically with increase in the fibrous nature of the gangue mineral leading to poor Ni separation. Various ways by which the suspension rheology affects flotation sub-processes, with implications for remedy are discussed. The insights and results have served to develop (or construct) a phenomenological model to adequately explain all of the ore flotation data, particularly the Mg silicate transport to the froth phase and the concentrate.

Jan 1, 2011

By G. Minhas, M. Pule, Y. Laffitte, M. c. McGurn, T. Tzanetakis, Peacey. J., R. Susilo

Titanium (Ti) metal production from titanium tetrachloride (TiCl4) using magnesium (Mg) as a reducing agent is the well-known Kroll process. A chloride route is used to avoid oxidation of the titanium sponge. The sponge is consolidated into ingots and can then be made into powder by melting and atomizing or by hydriding/dehydriding. Attempts at direct powder production have met with difficulties, including low Ti yield and the formation of very fine particles (particles between 25-100 µm are desired). This paper discusses two methods to produce Ti powder in a molten salt medium using magnesium powder as a starting material instead of a pool of molten magnesium. The first method is a direct reduction of gaseous TiCl4 injected in the melt with the magnesium powder in suspension in the molten salt. The second method is a two stage TiCl4 reduction reaction where recycled Ti was used to form titanium dichloride (TiCl2) in the first stage followed by addition of magnesium powder into molten salt in the second stage. A correlation between Ti yield and processing variables such as TiCl4 to Mg ratio, Mg particle size, TiCl2 concentration in the melt, and reaction temperature was studied. The Ti powder formed was also analyzed for particle size distribution. Despite challenges and difficulties encountered, this paper shows some promising results which could provide guidance to others working on direct Ti powder production.

Jan 1, 2015

By G. W. Davies

"IntroductionThe development of British Columbia's northeast coal deposits, represents the single biggest industrial undertaking in British Columbia's history.As a result of this development, several thousand jobs were created, hundreds of millions of dollars in new tax revenue and billions of dollars in new foreign exchange began flowing into Canada.The Northeast Coal Development began in 1981 with the signing of sales contracts to ship a total of 6.5 million tonnes of metallurgical and additional quantities of thermal coal annually to Japan over a 15-year period. The current long-term agreements contain provisions for extension to 20 years.The sales contracts with a group of Japanese steel mills were signed by two Vancouver-based mining companies, Quintette Coal Limited and Teck Corporation. The agreements followed years of exploration and negotiation beginning in 1968.The first shipment of coal from Quintette and Teck's Bullrnoose Mine was transported by BC Rail and Canadian National Railways to the Ridley Island coal port in the fall of 1983."

Jan 1, 1992

By Ahmad Ghahremaninezhad, Denver H. Cowan

Much of today’s gold is locked within sulphide minerals. These sulphide minerals, including pyrite, need to be subjected to oxidative pre-treatment in order to leach the refractory-gold using traditional methods. Typically autoclaves employing high temperatures between 180?225 ºC, and extremely high pressures between 1,500?3,200 kPa, are used for the oxidative pre-treatment. However, the autoclaves themselves are very expensive, costly to operate and maintain, and produce excess sulphuric acid. This paper studies the atmospheric oxidation of pyrite in ferric sulphate solutions. In general, pyrite oxidation under atmospheric pressure can result in high elemental sulphur production, i.e. less acid generation. Activated carbon has displayed an ability to catalyze the process, achieving reasonable kinetics. The reaction kinetics were investigated by altering acidity of the leaching solution, temperature, catalyst ratio, sparged oxygen and agitation. A combination of X-ray diffraction, scanning electron microscopy, optical microscopy, X-ray fluorescence, inductively coupled plasma mass spectrometry (ICP-MS), and atomic absorption spectroscopy (AAS) were used to monitor the kinetics of the process and elemental sulphur yield. The purpose of this investigation was to determine optimal operating conditions that maximized kinetics of the atmospheric oxidation while maximizing elemental sulphur yield.

Jan 1, 2015

By Marc-André Villiard, C. St-Onge, V. Silla, J-C Milot

Rio Tinto Fer et Titane (RTFT) operates a metallurgical complex in Sorel-Tracey, Canada. In the Ore Preparation Plant (OPP), ilmenite ore is roasted through four parallel rotary kilns generating 95% of the plant wide sulphur dioxide (SO2) emissions. RTFT proactively set an annual emission cap for SO2 to be achieved by 2015. To achieve this targeted SO2 reductions, a technology evaluation and selection exercise was carried out, followed by detailed engineering and implementation. After a detailed evaluation of SO2 scrubbing technologies, the Circulating Dry Scrubber (CDS) system was selected as the most appropriate desulphurization system for this application. The system was implemented and commissioned from 2013 to 2015. General performance testing conducted in May 2015 demonstrated that the system achieved and surpassed the anticipated design values in terms of SO2 removal efficiency and hydrated lime utilisation. This paper summarizes the SO2 technology selection process, design features of the selected technology, project implementation and final performance testing of the SO2 abatement system.

Jan 1, 2015

By J. R. Tickner

"Gold is conventionally analyzed using fire-assay or other destructive chemical methods that impose significant sample preparation, OH&S, and skilled labour requirements. Developed over the past 15 years by the CSIRO, PhotonAssay provides a new approach. A high intensity, high-energy x-ray source is used to activate atoms of gold and other elements in bulk mineral samples. The resulting activity is counted to automatically, accurately and rapidly determine metal grade. Samples weighing 0.5–1.0 kg can be measured in a few minutes with minimal preparation. As the method is matrix-agnostic, traditionally hard-to-assay materials such as highly refractory ores, carbon pulps and copper concentrates require no special treatment. We present the status of commercial PhotonAssay systems being developed by Chrysos Corporation. The first unit with a throughput of up to 80 samples per hour is to be deployed in an Australian assay laboratory in late 2017; smaller systems suitable for providing real-time assay directly at the mine-site will be progressively rolled out from mid-2018. Performance results from extensive testing using both mine-sourced and standard reference materials are presented, demonstrating the sensitivity and accuracy of the method. Implications for replacing conventional gold assay in exploration, mining and processing operations are discussed.INTRODUCTION Accurate methods for assaying ore grade are essential throughout the exploration, mining and mineral processing value chain. The discovery and evaluation of new ore deposits, reserve and resource definition, mine operations planning, ore processing, metal accounting and product quality evaluation all rely on accurate measurement of the valuable metal content of bulk materials. The analysis of gold presents particular challenges, stemming from the very low concentrations at which commercial operations run (often part-per-million (ppm), or equivalently one gram-per-tonne levels or below), and the highly heterogeneous nature of many gold deposits. These challenges mean that any analytical method must have high sensitivity and be capable of measuring large-mass samples. The most widely used quantitative analytical method for gold is fire-assay (Hoffman, Clark and Yeager 1998). An initial ore sample typically weighing several kilograms is dried, crushed and pulverized to allow a small sub-sample (10–50 g is common) to be representatively drawn. The sub-sample is mixed with flux, litharge (lead oxide), a reducing compound and other reagents. The mixture is fired at a temperature of 1000–1200°C until molten. After cooling, the slag is removed and the lead button containing any gold present in the sample is remelted in a porous cupel. The lead is absorbed into the cupel, leaving a gold prill which is either weighed directly, or dissolved in acid and analysed via atomic absorption spectroscopy (AAS) or inductively coupled plasma spectroscopy (ICP or ICP/MS)."

Jan 1, 2017

By R. Duinker

"This paper, an update to the 2003 paper titled "Knowledge, Technology and Profit" (Twigge-Molecey, 2003) analyzes 45 "problem projects" from the mining and metals industry over the last eleven years representing $133 billion in CAPEX. The projects have been designated as "problem projects" as they did not meet their owner’s initial expectations for project performance as defined in the paper. This paper explores some of the challenges that were present, through interviews with the knowledgeable individuals that were familiar with the projects and investigations using publically available information. The aim of the exercise was to identify the key challenges faced by the projects, and the contributing factors that led to the project failures so that the lessons can be applied to future projects.The project challenges have been categorized into four themes, technical, organizational, environmental & social and missing "homework" prior to board approval. Of noteworthy interest is that environmental permitting aspects have risen to become a significant and notable contributor to problem projects in 11 years from 2003 to 2014. It is further observed that many projects have been challenged by increasing size and complexity and with execution in more remote locations since the previous paper.It is a reality that every project will face challenges. Some projects are simply more challenging than others, and success or failure of the project is often determined by whether the project team is fully prepared to respond to the challenges. This in turn is largely dependent on whether the project "homework" was adequately completed and considered for all aspects of the project."

Jan 1, 2015

By Craig Roberts

"While various methods are available to estimate a mining project's value, value is only established through a transaction. Comparable methods allow the value estimated for a mining project to be benchmarked against mining project values established in the market. Comparable methods thus are a key tool for ensuring value estimates are congruent with what the market would actually pay. For example, if the value estimated for a mining project using discounted cash flow analysis differs significantly from the value implied using comparable market methods, the valuator may be using metal price or discount rate assumptions that differ significantly from those the market is currently willing to pay for.The paper provides an overview of market comparable valuation approaches, and discusses some of the difficulties and limitations that arise in using these approaches. The types of market values that are typically utilised are discussed, including asset sale prices, share prices (market capitalisations), and values established in corporate mergers and acquisitions. Topics discussed include methods used in estimating a mining project's value based on the market value of the company that holds the asset, and limitations that arise because of unique features of mining projects and of companies that hold them.It is concluded that market comparable and fundamental (e.g. NPV) approaches to project valuation should not be viewed as alternative approaches to estimating project value, but rather can and should be integrated to derive a single value estimate based on both market andfandamental data. A method for integrating these approaches is discussed, and illustrated by example."

Jan 1, 2003

By A. McLean, A. Hue, K. Le, Y. D. Yang, P. Wu

While the treatment of relatively inexpensive ferrosilicon alloys is a potential refining route in order to generate solar grade silicon, phosphorus is one of the more difficult impurities to remove by conventional processing. In this project, the use of an electromagnetic levitation technique was used to investigate the dephosphorization of ferrosilicon alloy droplets exposed for various times and temperatures to a hydrogen-argon gas mixture. It was found that approximately 40% of the phosphorus was removed from an 85%Si-15%Fe alloy after 20 minutes exposure at approximately 1673K, to a gas mixture containing 48.5% hydrogen. Further dephosphorization is expected with longer reaction times. The effect of increasing temperature was found to be insignificant, although processing at lower temperatures is not only economically advantageous, it also decreases evaporative silicon losses, thus resulting in a more efficient process.

Jan 1, 2015

By T. Gerritsen, R. MacRosty, R. Pula, P. Gebski, W. L. Ying

Furnace run-outs can cause extended furnace downtime for repair, while leaks or more severe failures in the cooling system can lead to brick hydration or in severe cases, steam explosions. These incidents can result in lost production, damage to equipment, injuries and casualties. To prevent such incidents, reliable and accurate techniques to monitor the critical components of the furnace such as refractory lining, furnace structure, taphole integrity and main water circuits are required. This paper describes several advanced methods that have been developed to assess the condition of furnace integrity, refractory lining, tapholes and cooling water circuits.

Jan 1, 2015