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The mining industry is generally regarded as a high risk industry, mainly because of the difficulties in estimating the tonnage and grade of mineral resources, the fluctuations in metal prices, mining problems and other problems which occur with mining in offshore and remote locations, such as appropriation or disruption to supply. As a consequence, finance providers require a high reward from mining projects. In the past two decades, the development of "mega" projects has led to the packaging of the finance becoming more sophisticated. Some would see this move as a measure of the evolution of banking rather than an intrinsic facet of mining finance itself. Project financial managers now require a thorough knowledge of all the financial tools which are available and have to be aware of the funding options so that they can put together a finance package which minimises the cost of the financing with the risk spread adequately between the partners of the financing. The different sources and types of finance for mining projects are described herein along with the factors which determine their costs. To understand the ramifications of financing mining projects, it is essential to appreciate the fundamental difference between debt and equity, which illustrates the importance of gearing. Costs of finance are determined by the interaction of supply and demand forces. Bankers and other financiers have become more adept at isolating a wide selection of risk elements and have devised a formidable range of insurance mechanisms. There is still a lot of money looking for good project risks and if a good project is properly presented and structured, financing can be obtained in today's market.

Jan 1, 1990

By Frank C. Townsend

Centrifugal model embankments with varying geometries and materials were constructed of- coal waste material, accelerated From 100 to 120 times earth's gravity, and subjected to various throughflow rates until failure occurred. Complementary laboratory tests were performed on the waste materials to obtain strength and permeability parameters for analytical calculations to predict observed centrifugal model behavior. Failures in the form of deep.-seated failure, or erosion and sediment transport or a combination of both, occurred in model embankments with 1V:1-1/2H and 1V:2H slopes when the phreatic surface due to seepage exited on the downstream slope: Positive seepage control, i.e., a toe drain successfully prevented sloughing and failures. Slope stability analyses agreed well, albeit conservatively, with observed model performance. Factors of safety ranged from 0.7 to 1.02 at the instant of failure for models with retrogressing slips as compared with 1.05 to 1.7 for stable embankments, These models verified existing criteria of a minimum safety factor of 1 3 and the necessity of positive seepage control.

Jan 1, 1980

By G. Goellner

The thick alluvial sand and gravel deposits along the base of the San Gabriel mountain range in Southern California area have been mined for construction aggregates for over 100 years. Encroachment of high-density urban populations in this area has led to concentrated mining in a handful of open pit mines with single production faces reaching up to 55 m (175 ft) in height, and long transportation distances from the pit to the processing plant. Aggregate producers have responded to these challenges by developing innovative mining systems which enable low-cost, full-face mining of the alluvial material, and low cost delivery of this material to the plant.

Jan 1, 2004

By W. W. Aljoe

The use of protective canopies can result in canopy roofing and/or serious restrictions to operator comfort and vision. To document this experience, BCR conducted a field study of cab and canopy design and application which resulted in a catalog of 164 canopy designs and an analysis of field data which showed no simple relationship between working height and canopy-related problems. The relationship also involves (1) machine frame height, (2) mine floor undulations, (3) operator compartment dimensions, (4) canopy design and location on the machine. Data analysis indicates (1) present technology does not always permit successful application of canopies in working heights below 42 inches, and (2) development of satisfactory low-coal canopies is doubtful. The basic conclusion of the study is that future R&D studies should be directed at development of alternative protection systems and remote mining methods.

Jan 1, 1981

By Robert Hopler

As a part of the depression and rectification work on the Port Morris branch of the Harlem Division of the New York Central & Hudson River Railroad, a short tunnel is being driven under St. Mary’s Park. The park is near 149th St. and St. Ann’s Ave., in the Borough of the Bronx, New York City.

Jan 1, 2006

By Leonard Obert

The ultimate object of this investigation is to develop a method for determining the pressure, in situ, on rock mine pillars, arches, and other mire structures. The preliminary investigations of Bureau of Mines engineers, as well as those of other investigators,4/ have shown that the velocity of sound depends on the pressure if it is dependent to such an extent that a measurement of the velocity might be used as a means of determining the pressure, a sonic method of measuring the pressure on rock mine columns is possible. Briefly the method would require, first, laboratory determination of the variation of the velocity of sound with pressure in samples of rocks taken from mine pillars to establish a. velocity-pressure relationship for the type of rock and, next, measurements of the velocity of sound in the mine pillars from which the laboratory samples were taken. The pressure on the pillars could be determined by correlating the velocity in the pillar with the velocity-pressure relationship established in the laboratory. Obviously the success of the method depends on the extent to which the velocity of sound varies with pressure in rock.

Jan 1, 1939

By J. E. Warren, J. H. Hartsock

An asymptotic solution to the equation that describes the flow of a slightly compressible fluid in an infinite porous medium has been used to estimate the interaction between two adjacent wells producing from a common reservoir. A direct method for approximating the interference time defined by Stevens and Thodosl has been suggested. An alternative definition for the time of interference, based on the minimum pressure change in the interference region, has been proposed; also, a direct method of determination has been prescribed. Examples have been employed to illustrate the use of both methods.

By Steve Kral

The mining industry has had three difficult years. Commodity prices have remained low and investor confidence in the industry has been shaken. And even though the Asian economy appears to be improving, it will be some time before this improvement will translate into better commodity price conditions for mining. In addition, increased environmental and social restrictions that have been placed on the industry in developed and developing countries have made mining a more difficult proposition. And, if that is not enough, the global mining industry has found itself in fierce competition with Internet businesses for investor capital. Despite that gloomy picture, more than 10,500 mining industry professionals from about 70 countries gathered in Toronto, Ontario March 5-10, 2000 for the Mining Millennium 2000 conference. This meeting was a joint effort between the Canadian Institute of Mining, Metallurgy and Petroleum(CIM) and the Prospectors and Developers Association of Canada (PDAC).The joint meeting also featured two trade exhibitions and more than 150speakers. PDAC’s trade show attracted about 400 exhibitors and an additional 200 in the concurrent Investors’ Exchange. CIM’s exhibition attracted about 600 equipment and service companies.

Jan 1, 2000

By J. Kang

To obtain microbial cultures with the ability to efficiently leach copper ion from chalcopyrite, microbial samples from acid mine drainage sites were mixed and then subjected to mutation using sodium nitrite (NaNO2), diethyl sulfate (DES), ultraviolet light (UV) and their combinations. Mixed cultures with a much stronger ability to leach copper ion (identified as mixed cultures A, B, C, D and E) were obtained by screening on leaching media. Leaching tests showed that mixed culture E had the best leaching performance and increased the Cu2+ content by 120.5% in 20 days, compared to a control without mutation treatment. Mixed culture E grows well on Leathen leaching medium supplemented with Cu2+ (at a final concentration of 32 g/L), reaching 3.2 × 107 cells/L after 15 days, while the unmutated control culture cannot survive beyond 15 days, indicating that mixed culture E is more tolerant of high concentrations of Cu2+. In addition, continuous leaching by mixed culture E is very effective at a pulp density of 1%. These results suggest that it has the potential for industrial applications.

Jan 1, 2008

By Thomas Barczak

A cooperative study was conducted with Emerald Coal Resources, L.P., an affiliate of Foundation Coal Corporation, and the National Institute for Occupational Safety and Health (NIOSH) to evaluate the effectiveness of (partially) pre-driven longwall recovery rooms supported with pumpable roof supports. This paper evaluates the load transfer mechanics associated with the advancement of the longwall face into the pre-driven recovery room and the widening of the room to recover the longwall shields. The results show that the yielding of the panel fender produced uncontrollable convergence that caused yielding of the shields and stiff pumpable roof supports when the face was approximately 10 ft from the recovery room. The shields continued to yield until the face advanced into the recovery room. Convergence in the pre-driven recovery room typically reached 6-8 in once the pumpable supports yielded and shed load through a declining residual load capacity prior to being cut out by the longwall shearer. Roof deformations occurred beyond the 32-ft horizon with total deformation ranging from 2 to 4 in, indicating that standing support was necessary to help control the span as the longwall face advanced into the pre-driven recovery room. Stability improved as the pumpable supports were cut out, thereby reducing the span between the shields and the outby pillars. In the end, the shields were successfully recovered under stable ground conditions. However, a disconcerting discovery was the load shedding of the outby pillars as the recovery room was mined into. It is postulated that this may be due to the progression of the rear ?abutment? moving toward the recovery room as the panel fender and standing support in the recovery room yield and shed load. This behavior was not expected with a relatively narrow room that is fully supported with standing support. If this mechanism is indeed occurring, the width of the room and performance of the standing support becomes even more critical. Premature failure of the support can lead to excessive convergence on the shield line that cannot be controlled even with modern shields, resulting in roof instabilities that can lead to catastrophic results.

Jan 1, 2007

By J. W. Mills

In 1956 the discovery of nickel on Jumbo Mountain, Snohomish County, Washington, focused attention on this part of the Cascade Range, far more renowned for its timber than for its mineral resources. Hand specimens assaying as high as 13 pct Ni encouraged Discovery Mines Inc. of Mount Vernon, Wash., to stake 12 claims in Township 31 North, Range 9 East of the Willamette Meridian. The property was leased to Climax Molybdenum Co. in January 1957. Trenching, sampling, and geologic studies were carried out during the late summer of 1957 when most of the snow had disappeared. Although the deposits are only about four miles south of the logging town of Darrington and about two miles. as the crow flies, southeast of the end of a good gravel road from that town, all camp supplies and equipment were air-dropped, owing to the extremely rugged nature of the terrain. GEOLOGY The rocks of Jumbo Mountain comprise a series of folded Tertiary sediments forming a belt one half to three quarters of a mile wide, trending northwest about parallel to the strike of the beds. This belt is sandwiched between two extensive in-trusives—gabbro on the northeast and quartz dio-rite on the southwest—and has been intruded by dikes of fresh and serpentinized dunite. Shear zones follow many of the dunite-sedimentary rock contacts, and in these the nickel mineralization is concentrated. A few transverse faults offset the sediments and ultrabasics. Sedimentary Rocks: Two kinds of quartzite make up the greater part of the sedimentary section. One is dark purplish gray, very fine-grained, and thin-bedded; the other is light gray to white, medium-grained, and well-bedded. Locally the light-colored quart lites contain grit and conglomerate horizons, rich in pebbles of white chert and very fine-grained quartzite. Intercalations of dark argillites near the summit of the mountain give many of the cliffs a striking banded appearance. Dark gray to black, aphanitic, thin-bedded argillites occur throughout the entire sedimentary belt. Beds vary from a few inches to a few tens of feet thick and some, near the summit, contain numerous fossile (willow?) leaves. Only the thicker beds were mapped. The sediments are quite fresh on the northeastern side of the belt and become more metamorphosed (hornfelsed) toward the southwestern side. Brown biotite is present in the metasediments in increasing amounts as the quartz diorite is approached. Near the intrusion, porphyroblasts of plagioclase, up to 1 in. across, testify to the soaking of sedimentary rocks by solutions emanating from the quartz diorite. Most of the sediments mapped lie along the southwestern limb of an anticline, the axis of which follows the crest of the mountain and plunges at a low angle to the northwest.

Jan 1, 1961

By Emad W. Shublaq

Contractual site plans are implemented for executing pile foundations (5 x 5) at segmental concrete bridge. Project schedule demands have forced the contractor to find out the most economical procedure in achieving the goal. This paper presents a site management technique which is applied by the Contractor. This was found to be fruitful and as much as 60% saving was gained.

Jan 1, 1992

By Terry R. Neumann

In 1989, the Bureau of Mines conducted a mineral resource investigation of the 52,350-acre Jersey Jack study area, located in the Clearwater Mountains of north-central Idaho. Twenty-eight mines and prospects were examined, and 483 rock, placer, and petrographic samples were collected during the field study. Two properties contain gold resources; mining company data show the Robinson Dike mine contains an estimated 940,000 tons of "drill proven and probable reserves" averaging 0.041 oz/ton gold, and the Bureau of Mines investigation showed the Blacksand placer mine contains an estimated 64,000 cubic yards of identified placer resources averaging $8.13 in gold per cubic yard. Sample analyses from other properties indicate that gold resources are likely to exist; however the low tonnage, narrow, fissure-vein type deposits would require mining by relatively high-cost underground methods and would be subeconomic at a gold price of $400/oz.

Jan 1, 1991

By D A. Edmunds

The most important development that has been taking place recently relating to mining operations in New Zealand would generally be regarded as being the Resource Management Law Reform. This has been widely publicised by the Government as a comprehensive review of the laws governing New Zealand's natural and physical resources. Submissions have been sought and a free phone provided to encourage public participation. Recently a Discussion Paper has been prepared by the Core Group coordinating the review to explain progress on Phase One (Ministry for the Environment, Directions for Change: A Discussion Paper, Wellington 1988). It outlines Government decisions already taken which impinge on the Review and describes the possible models for resource management laws. However, it is possible that some fundamental practical issues of significance to the mining industry will not be addressed and may be lost sight of in the much wider issues which are to be covered. The purpose of our paper is to address one of these issues namely, the interrelationship between any new resource management legislation and the Conservation Act 1987 (as recently amended) in the context of Ministerial consents. The importance of this issue can be seen from the fact that as at 7 June 1988 there were 279 mining licence applications and 223 prospecting licence applications waiting to be determined by the Minister of Conservation. Since April 1987 only 19 mining and 13 prospecting licences have been consented to. In addition a major proportion of New Zealand's mineral resources are contained with land administered by the Department.

Jan 1, 1988

By S. T. Kok

This paper presents a case study in West Malaysia for passive piles failure in very soft marine clay in open excavation. In this particular case, the thickness of the very soft marine clay ranges from 5 m to 7 m (16 ft to 23 ft) from the ground surface. Preliminary site investigation reported SPT ?N? value of zero for the very soft marine clay. The design was based on a deep foundation utilizing driven piles to support the superstructure. During pile cap construction, the piles were subjected to uncontrolled open excavation, inducing bending moment in the piles, resulting in some cracked and broken piles. Analyses were carried out using an existing three-dimensional finite element code with a non-linear soil model to predict the response of these piles during excavation. Finally, the predictions of pile responses during excavation were compared satisfactorily with the observed results.

Jan 1, 2009

By Edward M. Kawenski

Float dust deposits in return airways in bituminous coal and lignite mines present a special explosion hazard. Research is in progress at the Bureau of Mines experimental coal mine to evaluate the degree of the hazard and to develop measures for preventing dissemination of dust into the ventilating air current. To determine the extent of this hazard prevailing in operating coal mines, 711 dust samples were collected in 50 mines located in the major coal fields of the United States. The mean quantity of coal and the incombustible content of the dust in the samples were determined. The term "float dust" is used to designate particles smaller than 74 microns in diameter (particles passing a No. 200 sieve) which have settled from the air current. Dust usually found in roadways and in working places is coarser than float dust, and is termed "coarse dust" (particles passing a No. 20 sieve). Variations in amount and incombustible content of coarse dust in a midwestern mine were studied previously.5

Jan 1, 1963

By L. W. Brandt

The Bureau of Mines, as part of its mission to effect pollution abatement, conducted research to study various means of dewatering Florida phosphatic clay wastes and reclaiming mined lands. The work was done in cooperation with 10 Florida phosphate companies. During this work, a novel technique to effectively dewater phosphatic clay wastes was developed. The solids contained in the clay waste slurry are slowly compressed by moving wire mesh screens through the system. In a typical application, the screens were moved downward, compressing solids ahead of the screens. The rate of movement of the screens is an important variable in the process. It is believed that the moving screens distort the gel structure of the phosphatic clay system and cause the release of water. Samples of 18 clay wastes, including a high-grade attapulgite from beneficiation plants of the Florida phosphate field, were studied using the method. Typical samples were concentrated from initial solids of 4.7 and 11.9 percent to 16.8 and 25.2 percent, respectively, in 3-1/2 days. The high-grade attapulgite sample was dewatered from 2.7 percent solids to 13 percent solids in the same period.

Jan 1, 1980

By R Tweedie

'The politics of mining in New Zealand' is a topic I chose myself because of its importance in the future of the New Zealand mining industry. There are many people in the industry who are cynical about politics, cynical about politicians and definitely cynical and often critical of political decisions. In fact, many industry people say they don't want to get involved in politics, they just want to get on with the business of exploration or mining. The point of my address is that politics is important and the industry cannot afford not to participate in the political process.

Jan 1, 1991

Development of the Boleo Process Flow Sheet and the Direct Solvent Extraction (DSX) Circuit for Cobalt and Zinc Recovery The metallurgical process designed to treat the El Boleo Cu-Co-Zn-Mn ore involves a sulphuric acid leach in seawater under oxidative and then reductive conditions to maximise metal extraction. Copper and cobalt are recovered as cathodes by electrowinning, zinc and manganese as zinc sulphate monohydrate and high quality manganese carbonate, respectively, by precipitation after a number of separation and purification stages. One of the key purification stages of the Boleo metallurgical process is the CSIRO DSX circuit. The DSX circuit was developed using the synergistic solvent extraction (SSX) technology. Initially, a synthetic solution was studied, and by adding 0.4 M LIX63 to 0.5 M Versatic 10 in Shellsol D70, large synergistic shifts were obtained for cobalt (?pH50 4.24) and zinc (?pH50 1.62). After a single contact, the separation factor of metals over manganese reached over 6,000 for cobalt and over 380 for zinc, indicating excellent separation of cobalt and good separation of zinc from manganese, magnesium and calcium. The SSX system was further optimised with the modified synthetic pilot plant solution. The extraction of cobalt and Zn after a single contact was 93 per cent and 70 per cent, respectively, while the Mn concentration in the loaded organic solution was only 0.28 g/L. A proof of principle pilot plant operation was conducted in 2004 and a demonstration pilot plant for final engineering design in 2006 with outstanding performance of the DSX circuit. For the demonstration pilot plant, the overall recovery of cobalt and zinc exceeded 99 per cent with a raffinate containing only 4 mg/L Zn and 1 mg/L Co. The DSX organic system showed no sign of degradation during the pilot plant operation, indicating good chemical stability under the anticipated commercial operating conditions. The DSX circuit will be implemented in the future Boleo processing plant.

Sep 13, 2010

The following pages discuss the objectives, the background, and scope of work of an industrial engineering analysis of far-,n haulage systems in underground retreat coal mining. This study ran concurrently with an existing industrial engineering study of methods of improving safety and production efficiency in underground pillar extraction. 1. OBJECTIVES The objective of this project was to provide basic data inputs that will inpart knowledge as to the major constraint to pillar extraction sections. Furthermore, the industrial engineering study will suggest ways to optimize haulage systems and to develop more efficient work practices and operational techniques that will maximize equipment utilization.

Jan 1, 1975