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By S-J. Park

When evaluating mining investment opportunities, one should consider the risks associated with mineral exploration and development. These are commonly classified as technical, economic, and political risks, and are accounted for in the investment decision by changing the discount rate. Thus, a company may use different discount rates associated with varying risks in order to compensate for the variability of success. The discount rate has a tremendous effect on the economic evaluation of mineral projects. Even when all other factors used as inputs for calculating the NPV (net present value) are equal, the project under consideration may be accepted or rejected depending upon the discount rate. Determining a realistic discount rate for a given project is therefore the most difficult and important aspect of cash flow analysis. It should be determined with the consideration of proper technical, economic, and political conditions surrounding the specific project undergoing economic evaluation. One key problem for determining the appropriate discount rate is that it typically depends more on subjective perception of the degree of risk or other experience factors than on a systematic approach. Thus, this study aims to identify, analyse, and document the type, role, and impact of risk factors influencing the determination of discount rates, and then to determine discount rate by using the aforementioned factors.

Jan 1, 2011

By J. Shawn Peterson, David S. Yantek, Adam K. Smith

Exposure to excessive noise over time can cause permanent hearing loss. Workers in the mining industry are frequently exposed to A-weighted sound levels in excess of 90 dB. The A-weighted sound level at the roof bolter operator’s location can exceed 100 dB while drilling. The National Institute for Occupational Safety and Health (NIOSH) measured the sound pressure at the roof bolter operator’s position and utilized a phased array of microphones with beamforming software to identify noise sources on a roof bolting machine while drilling. The test data indicates the sound level at the operator’s position is dominated by the 2000 Hz through 5000 Hz one-third­octave-band sound levels. The beamforming results indicate that the drilling noise is primarily from two areas: the portion of the drill steel just below the rock and the drill steel-chuck interface. This paper will discuss the methods used to identify the primary noise sources.

R. B. BRinsmade, Ixmiquilpan, Hgo., Mexico (written discussion").—how far ahead of the United States are the self-governing British colonies in their application of economic democracy is well illustrated by Mr. Godson's paper. To prove this, I need quote only two of his assertions, the italics being mine: "lt is a stern fundamental principle that a11 natural resources are the inalienable property of the crown.'' "The right to a claim should only exist as long as it is worked or taxed to insure work. Once depart from that sound maxim, there results improper control of the natural resources of the country, which primarily belong to the people." These assertions formed the basis of my criticism1 of Dr. Raymond's paper in 1913, and they should be inscribed in letters of gold above the entrance to the office of every county recorder in the United States. I venture to assert that the existing United States mineral land laws are essentially unfair to the nation and a hindrance to the legitimate miner, because they fail to embody the above quoted principlca; and this applies both to state laws east of the Mississippi and to federal laws in the West. That these laws favor the forestaller and the monopolist, defraud the government of its fair share of the profits of mineral production, and tend to industrial feudalism must be evident to any competent unbiassed observer. The fact that no serious political movement arose to change them, until the conservation agitation of the last decade, may be largely explained by two salient conditions. First, as stated by President Winchell, "for a long time there was such a vast surplus, or excessive amount of unwanted, undesirable land in the West that the land offices did not scrutinize the claim sought to be located;" second, that the millions of individual farm owners throughout the country could easily be aroused, by the special pleaders hired by the great land speculators and monopolists, to use their vast political power for the suppression of any statesmen striving to incorporate in our semi-feudal land laws any such principles as those quoted from Mr. Godson. While agreeing with Mr. Godson that a freehold or fee-simple title, if coupled with obligatory continuous work, may have the same practical effect as a lease, it seems to be the experience of the most active and

Jan 1, 1920

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Jan 1, 1942

By Roger M. Sherman

[Investigation of mine land characteristics, evaluation of irrigation systems, and evaluations by the mining industry, determined that irrigation is a feasible method for aiding revegetation of coal mined lands in western arid and semi-arid regions. The various regions studied displayed a commonality of characteristics which enables, independent of the site or region, the recommendation of solid set irrigation. Irrigation should be supplemental by complimenting natural precipitation and be should implemented on a temporary basis.]

Jan 1, 1980

By Timothy Green

El presente texto explica la historia, características complejas que intervienen en el desarrollo, producción, comercialización del oro. De otro lado, como consecuencia de la abundancia de este metal, se produjeron las "fiebres del oro", originando migraciones de muchedumbres a territorios vírgenes que estimulaban el rápido crecimiento de ciudades y comunicaciones.

Nov 1, 1988

By G. C. Yao

Branch and needle-shaped intermctallic compounds of iron, silicon and aluminum normally exist in the molten aluminum. If a suitable amount of manganese metal is added into molten aluminum, the shape of the intermallie compound particlcs may become lumpish and spherical. According to the difference in electric and magnetic properties of these impurity particles and molten aluminum, these impurity intermctallie compound particles can be separated by applying an alternating magnetic field. In this experiment the alternating magnetic field was formed by a "C" type loop with AC (50Hz) current. The inner vacuum of the fireclay refractory separator is 25>< 15" 130mm3 with a lateral baffle inside. The separator was put into the interspace of the "C" type loop. It was found that the longer the separation time, the larger the amount transferred of impurities. The amount of transferred impurities increases with the increase of separation time and intensity of magnetic field. The addition of manganese metal enhanees signifieantly the efficiency of impurity separation.

Jan 1, 2003

By R. J. Hundermark, L. R. Nelson

The critical importance of tap-hole design and management to furnace performance and longevity is explored through examining some of the specific matte, metal and slag tapping requirements of non-ferrous copper blister and matte converting and smelting, ferroalloys smelting and ironmaking systems. Process conditions and productivity requirements and their influence on tapping are reviewed for these different pyrometallurgical systems. Some critical aspects of the evolution of tap-hole design to meet the diverging process and tapping duties are examined. Differences and similarities in tapping practices and tap-hole management are reviewed. Finally core aspects of tap-hole equipment and maintenance are identified that are considered important to securing improved tap-hole performance and life, so pivotal to superior furnace smelting performance.

Jan 1, 2014

By J. H. Meza V

La Caridad operated at only 65% of design capacity during the first five years of operation. After the first major shutdown and repairs to the furnace in mid- 1992, the smelter quickly reached 95% of design capacity. Converter operation is now more efficient; blowing times have decreased from about 1.7 to 1.2 min/ton of matte. Anode copper production is now 15000 tons/month. The increased efficiency provided by better coordination and scheduling ensures La Caridad&apos;s ability to operate at present and expanded production capacity while simultaneously meeting environmental control standards.

Jan 1, 1993

By Maurice A. Roche

Introduction Most of the Flin Flon ore-body, like many others in northern Canada, was covered by water. The original discovery was made where the ore-body outcropped on a strip of land jutting out into Flin Flon lake. The outcrop could be traced for a distance of 600 feet across the strip of land, but disappeared under the lake on both sides of the peninsula. Following the discovery or location of the property, in 1915, and subsequent to its examination by the H.P. Whitney interests in 1925, an extensive diamond-drilling programme was completed, which proved the existence of an ore-body at least 2,600 feet long and 900 feet deep. In plan, the central part of the ore-body at surface attains an overall width of about 450 feet; including waste horses, and gradually becoming narrower to the south. To the north, it stretches out as a much narrower tongue. The main body is a solid sulphide ore containing gold, silver, copper, and zinc. Adjacent to, and on the footwall side of, the solid sulphide ore-body, there are considerable widths of talcy disseminated copper ore, particularly in the upper 300 feet of the deposit, where the maximum widths occur. The ore-body occurs in a greenstone area, the rock being quite hard on the hanging-wall side, with the footwall schisted, talcy, and much softer. The greater part of the ore-body was overlain by 12 to 15 feet of water and from 15 to 90 feet of mud and clay, this material requiring eventual removal, regardless of the system of mining adopted. The total of mud and clay overburden was estimated at 1,000,000 tons. After considerable study, it was decided to mine the upper 300 feet of the ore-body by open-pit methods; the balance of the ore to be recovered by underground mining . The present paper gives an account of the methods adopted in both operations, and of the problems encountered.

Jan 1, 1935

By Stephen B. Doppler

INTRODUCTION Following the world stock market debacle in October 1987, it would have been foolhardy to expect that securing equity funding in 1988 would be easy. Indeed, major equity financing&apos;s for gold mining companies have until recently been few and far between in the weeks and months following Black Monday. As a result, gold bullion loans have taken on an increasingly important role among producing firms in the industry. During 1988, the role of bullion loans has become increasingly complex and controversial. Some observers herald the emergence of a new breed of bullion loans - such as the 1,000,000 ounce loan to Newmont Mining, and the 400,000+ ounce facilities drawn down by Bond International Gold and Placer Pacific - as both increasing the public&apos;s awareness of the technique, and representing the dawn of a new age of gold financing. But are these recent loan facilities significantly different than those issued worldwide during the early to mid 19801s? Similarly, observers have voiced concerns regarding the role that gold loans play in the world&apos;s bullion markets, specifically in relation to their impact on prices. Have the new generation of mega-loans depressed current and future prices? Has the current surge of bullion loans irrevocably changed the nature of the gold market? Is there an upper limit on the number and size of gold loans?

Jan 1, 1988

By G. Griffiths

"P. WitteWitteck DevelopmentThe implications of using a tower mill for fine grainding in the ore processing of tailings are significant. What can those of us who are in a research and development situation do when we recommend this equipment to a client? When this prototype is placed on stream next to a conventional grinding mill as you suggest how do we estimate the power requirements and the grind which will be achieved?ReplyLet me explain the Macassa circuit. The tower mill here was running in parallel with one of the ball mills. The feed entering the tertiary system is scalped in a primary cyclone. The finial cut is made in a secondary cyclone. The actual feed to the tower mill is the underflow from the two cyclones and was split to the ball mill and tower mill. During the testing we were unable to isolate the tower mill to determine its contribution to the overall system. We then started to look at the amount of material produced across the mill. We entered the mill at between 17% and 20% finished material and exiting at between 36% and 40% finished material. We were able to project, with a high efficiency classification system, and arrived at 6 Kwh/ton or better."

Jan 1, 1984

By M. L. Jeremic

Mining practice and underground studies show that, besides mining stresses, lateral tectonic stress also influences roadway stability. Roadways perpendicular to the direction of major lateral stress experience the majority of roof falls, accelerated floor heave, and extrusion of coal ribs into openings. They have the most severe deformations and their maintenance is difficult. Roadways parallel to the major lateral stress exhibit roof sagging and bed separation, moderate though sometimes uneven floor heave, and slabbing of coal ribs into openings. Roadways oblique to lateral stress have, to a certain degree, self-supporting roofs, uniform floor heave, and limited sloughing of coal ribs into openings. The optimal orientation of roadways is, therefore, oblique to the lateral stress direction with fewer crosscuts between them.

Jan 1, 1982

By L. Zwell, H. A. Wriedt

X-ray Lattice parameter and bulk density measurements were made at room temperature on solid solutions of nitrogen in purified a, iron, containing from 0 to 0.053 wt pct N. When nitrogen is dissolved in a, iron, the fractional increase in unit cell volume (X-ray diffraction) and the fractional increase in volume per gram of iron (bulk density measurement) are the same within experimental error. The two sets of results when averaged show that the unit cell edge of a, iron increases linearly by 3.2 X 10-2 A per wt pct N dissolved and that the partial gram-atomic volume of nitrogen at infinite dilution in a, iron is the same as it is in nitrogen-martensite, that is, 5.90 cm3. RECENT reviews17&apos; of literature dealing with the lattice parameter of ferritic iron-nitrogen alloys indicate that the dilating effect of dissolved nitrogen on the bcc unit cell of a iron is not known with confidence. Five investigations3-7 either revealed no effect of nitrogen or were inconclusive. Among other investigations, where quantitative data were obtained, the results of Osawa and Iwaizumi8 indicate too large an effect, and those of Eisenhut and Kaupp9 show the lattice parameter of ferrite varying with the nitrogen content at concentrations far beyond the known solubility limit. It is not clear in Burns&apos;10 data what value should be used for the lattice parameter of nitrogen-free ferrite in calculating the dilation. Burdese11 shares with Burns the shortcoming that the iron-nitrogen alloys were solution-treated and quenched with undissolved nitride present. The consequence is that the un- certainties in the solubility limit1 are added to those in the lattice parameter measurements when the variation of lattice parameter with nitrogen content is computed. For a system of such widespread interest, we felt that a new investigation was merited. Both X-ray diffraction and bulk density measurements were used to determine the dilation of the , a iron lattice by dissolved nitrogen. EXPERIMENTAL PROCEDURE Material. The bulk density and X-ray diffraction experiments were both made with specimens of a purified iron (denoted as "B iron")- from Battelle Memorial Institute. The impurity contents were as follows: As, C, Cu and Pb—50 ppm; Ag, Al, Co, Ga, 0, Ti-11 to 50 ppm; B, Be, Ca, Cd, Cr, Mg, Mn, Mo, N, Ni, S, Sb, Si, Sn, V, W-10 ppm or less. The vacuum-cast ingot was hot-forged and annealed. Pieces of the forged stock were machined and cold-rolled to give strip stock 0.08 and 0.002 in. thick for density and for X-ray measurements, respectively. Preparation of Specimens. Starting with a piece of the cold-rolled iron stock, the general sequence of operations, after an initial recrystallizing anneal, was to measure the density or lattice parameter, nitrogenize, remeasure the property, age or denitrogenize, and again measure the property. Duplicate analyses for nitrogen were made by a modified Kjeldahl method on portions of the actual density specimens and on pieces nitrogenized to equilibrium alongside the X-ray specimens. Annealing of the density specimens was performed by sealing the pieces with the as-rolled surfaces removed by filing into evacuated "Vycor" capsules and treating for 1 hr at 750°C followed by furnace cooling. (TO check the effect, if any, of annealing procedure, a specimen also was

Jan 1, 1962

Kaolin deposits in Georgia lie in a belt that stretches across the central part of the state from Alabama to South Carolina. In 1977 the state&apos;s kaolin production was an estimated 4.58 million tons (5.05 million st) or 77% of US production. While mining methods vary, stripping contractor W. F. (Billy) Jackson of Wrightsville, Ga., depends on a fleet of 18 twin-engine elevating scrapers to move the hulk of overburden and clay. Owner Billy Jackson explains that the soil in this part of the state is perfect for scraper operation; overburden ranges from Georgia red clay to a sandy gumbo material. Apart from some shale, very little rock is encountered, thus eliminating any blasting re¬quirement. Most of the material can be removed with cutting edge teeth or with drop center blades.

Jan 6, 1978

By K. Zabrusky

"Wireframe construction is an integral part of resource estimation. Wireframes control domaining of samples and data for geostatistical analysis and grade estimation. They may also provide 3D representations of lithology and grade domains. Thus, the way in which a wireframe is constructed has implications throughout the resource estimation process. Proper construction technique and understanding of wireframing processes should be a high priority in a model workflow. Herein is presented an overview of two main categories of wireframes: implicit and explicit. Construction differences between these two types are highlighted. Factors affecting the choice between the two wireframe types will be discussed, including data quantity, data distribution, and sampling technique. Deposit geometry also plays an important part in wireframe construction. The role of geologic knowledge, cross section orientation, and deposit type in regards to wireframe construction will be discussed. The effect of wireframe type on resource estimation will be examined. Finally, best practices for creating meaningful solids that contribute to a reasonable grade estimation are outlined. INTRODUCTION Wireframes are essential to many types of resource estimations. They provide a way to delineate a deposit into various domains. Domaining can be done by lithologic or geologic units, structures or structural zones, or by grade. Domaining is important for geostatistical analysis and grade estimation of a deposit. The purpose of domaining is to analyze and estimate like data with like. Grade distribution patterns may vary by lithology or by proximity to or existence within structural zones. Properly constructed wireframes are therefore a fundamental necessity to a properly executed geostatistical analysis and resource estimation model. The choices made in construction of wireframes have a trickle-down effect on the entire model and should be made according to best practices for the deposit type at hand.TYPES OF WIREFRAMES Explicit The term “explicit wireframe” is used in this paper to indicate wireframes that are constructed by the modeler. This usually involves the modeler drawing the wireframes “by hand”, e.g. still utilizing some sort of computer aided drawing software, but with the modeler making all decisions about the size, shape, and positon of the wireframe. These wireframes are drawn based on some type of key variable that the modeler determines is important to their system. Often, this key variable may be a lithologic unit that controls mineralization, an observable structural zone, or a grade cutoff. Explicit wireframes are generally constructed as a series of shapes drawn on 2D planes or cross sections that are then connected into a 3D shape. Figure 1 shows an example of an explicit wireframe that was drawn based on a grade cutoff on 2D sections (Figure 1a), then joined into a 3D shape (Figure 1b)."

Jan 1, 2015

General economic conditions continued to improve in the second quarter of 1984 as real gross national product advanced at an annual rate of 7.5 percent (table 1). This followed an even larger first quarter annual rate increase of 10.1 percent. The slower second quarter growth was greeted as a sign that the economy is not over-heating. The signs of slowed growth in some sectors suggest that the recovery may continue well into 1985 without the inflation symptomatic of a rapid recovery. Most of the slowdown in growth was absorbed by business inventories, personal consumption of durable goods, and residential fixed investment. Business inventories grew by only 68 percent as much as in the first quarter, personal consumption for durable goods grew by 58 percent of the first quarter rate, and residential fixed investment slowed to only 44 percent of the first quarter growth. Sectors with accelerated growth in the second quarter included personal consumption of nondurable goods and of services, which increased at annual rates of 9.6 percent and 3.8 percent, respectively, and Federal purchases of goods and services, which increased at an annual rate of 47.9 percent.

Jan 1, 1984

By Peng Fan

Nitride capacity is usually employed as the measure of slag?s ability to remove nitrogen from liquid metal, since nitrogen distribution ratio between slag and metal can be calculated from nitride capacity provided that the value of oxygen activity in liquid metal is available. However, during liquid metal refining processes, oxygen activity in liquid metal is usually unknown and thus it is impossible to get nitrogen distribution ratio from nitride capacity under this usual condition. In this paper, thermodynamic analysis indicates that the activity coefficient of nitride in slag can be used to measure slag?s ability to remove nitrogen from liquid metal, because nitrogen distribution ratio between slag and metal can be calculated from the activity coefficient of nitride in slag provided that the content of oxygen potential controlling element like Al in liquid metal is available. Review of reported nitrogen removal studies and our recent study has verified that for a given Al content in metal, the lower the AlN activity coefficient in slag is, the higher the nitrogen distribution ratio. Titanium monoxide based slag has been found to be much more effective to remove nitrogen than other slags. Since Al content in liquid metal is usually available during liquid metal refining processes, AlN seems to be a better measure of slag?s ability to remove nitrogen from liquid metal.

Jan 1, 2006

By R. Guest

Reichert cone concentrators are used successfully in many applications, but have as yet not found favour in the gold mining industry on the Witwatersrand, because, for optimum operation, the cones need to have specially designed feed-preparation and circuit details. In addition, good liberation of the valuable minerals is essential. Gravity tests, in which a pilot plant was used on refractory gold ore, showed that 94 per cent of the gold could be extracted after gravity concentration and preferential grinding, roasting, and cyanidation of the concentrate, whereas 96 per cent could be extracted by flotation followed by the same preferential treatment. However, the capital and operating costs for gravity separation are expected to be considerably lower than those for flotation.

Jan 1, 1982

By N. A. Stockett

SOUTHEAST Missouri is the largest and oldest lead-producing district in the United States. For the year 1941, the statistical picture of pig-lead production, stated in short tons (partly estimated by the Engineering and Mining Journal) is as follows. [Tons World production 2,000,000 United States production 460.000 Southeast Missouri production 242,000] The consumption of primary lead in the United States in 1941 was approximately 900,000 tons, or almost double the country&apos;s production. The largest previous year&apos;s consumption in the United States was 718,000 tons, in 1926. The largest quantities of lead are used for cable sheathing, storage batteries and white lead. During 1941 tetraethyl lead for auto and aviation gasoline consumed 50,000 tons of lead. The entire lead production of Southeast Missouri is now mined by the St. Joseph Lead Co., whose dominant position as the largest producer in the United States of lead directly from ores is best shown by the fact that in 1941 it produced approximately 31 per cent of the lead production of the United States from its mines in southeast Missouri, where 22,000 tons of ore, averag¬ing over 3.00 per cent lead, is mined per working day. It is known that lead was mined at Mine La Motte, Madison County, Missouri, by Renault in 1723. Other white men and Indians probably did some mining prior to that time. Since 1865, the recorded production to Jan. 1, 1942, shows that the St. Joseph Lead Co. and the various other companies that have operated in St. Francois County mined lead ore, which, after milling and smelting losses produced 5,00,000 short tons of pig lead. About 95 per cent of the present lead production of Southeast Missouri is mined in St. Francois County. The northern part of this area is 60 miles south of St. Louis. The remainder of the lead is obtained at Mine La Motte, about 25 miles southeast from the center of the producing area in St. Francois County. PROSPECTING In this district, most of the ore is discovered by surface and underground diamond drills and by prospect drilling underground with rock drills. Each 2-ft. length of the cuttings from these Jackhamer prospect holes is assayed for lead. These holes are marked and the records are entered on maps. It has been found that close drilling--100-ft. centers of holes, and sometimes less-is necessary in order to locate most of the smaller commercial ore bodies, many of which previously had been missed by drilling the areas with holes spaced 200-ft. centers or more.

Jan 1, 1943