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By E. V. Lilford

Valuators of mineral properties are faced with a range of valuation methodologies, the most important of which are grouped under the headings of the market approach, the cost approach and the income approach. The way in which value is defined and the detail of the different valuation methodologies is examined here. This paper aims at documenting the variety of valuation procedures and applying each method to a variety of gold projects and comparing the outcomes. Any decision to apply a valuation technique will depend principally on the stage to which the project has been developed. The valuation approach to a greenfield project will be substantially different from that applied to a well-drilled, extensively explored mineral property. Furthermore, a valuation exercise may produce different outcomes for the same gold project depending on which method is applied. In order to investigate the variability in valuation methods and to explore the outcomes of different approaches, a series of five gold projects was analysed. The projects differ in regard to levels of capital application, infrastructural setting, depth below surface, in situ grade, and the stage of development, and were valued using the different methods. The most critical aspect of any valuation is the capacity of the valuer to identify the salient issues and ensure that they are incorporated into the valuation. The danger of simply applying ?black box? solutions to valuation problems without a full understanding of the parameters and the areas of uncertainty is emphasized. The importance of the valuator?s experience, insights into best practice and the ability to recognize and submit to the requirements of compliance within the minerals industry is among the most important characteristics of a valuer.

Jan 1, 2005

By Jerry E. Olson

In 1986, at the request Of the Bureau of Land Management, the U.S. Bureau of Mines studied the central portion, encompassing 20,727 acres of the 32,261-acre Badlands Wilderness Study Area (OR-005-021) in order to evaluate its identified mineral resources. The study area is located in Crook and Deschutes Counties, OR, about 12 miles east from Bend. No mineral resources were identified. The area studied is underlain by Tertiary and Quaternary basalt flows which are largely covered by a veneer of sand and silt. No mines, prospects, or mineralized areas occur within or near the study area, but some sand and gravel has been removed from alluvial deposits at the east and west sides of the area. Slab lava of marketable grade and quantity was not found in the study area. None of the study area is of current interest for geothermal resources, but the eastern third of the wilderness study area is leased (1984) for oil and gas.

Jan 1, 1987

By Fred Bond

THERE is acute need for a method that will measure the size distribution of finely di-vided materials, particularly when the par-ticle sizes are smaller than the openings of the finest screen cloth regularly available for testing. Several methods and types of apparatus are in common use, but none are entirely satisfactory for all purposes. The commonest methods are microscopic grain counts, elutriation by liquids or air, and sedimentation. Valuable results have been secured by air elutriating devices, typified by the Haultain Infra-Sizer and the Pearson Air Analyzer. These are especially useful in obtaining sized fractions that can be examined and analyzed separately. They are particularly advantageous because the sizes of the sam-ples produced are adequate for a consider-able amount of subsequent manipulation and testing. The sedimentation methods, such as the Wagner and Klein turbidimeters, and the sedimentation balance, do not deliver sized fractions, but they do provide a means for reasonably rapid comparative determina-tions of fineness and surface area, which are important in many industries. The sedimentation balance consists essen-tially of a balance pan suspended in a liquid that contains falling particles. These are weighed as they settle onto the pan, and the time rate of settling is determined. The size distribution is computed from the set-tling rate. The balance appears to be in-herently more accurate than any of the other methods, and it has served a useful purpose in the study of numerous problems, but there have been limitations which have re-stricted its scope of application. Because of the essential simplicity of the method, it was felt that intensive investiga-tion might lead to modifications that would make it a valuable tool for the operators in industries that require precise information regarding the results secured from grinding equipment. A large number of size-distribu-tion determinations below 200 mesh were required in connection with a particular research problem in fine grinding. The sedimentation balance was used, in this investigation, and a technique was gradually developed that ultimately gave good results. A serious difficulty appeared, early in the work. It was discovered that less material always settled on the sedimentation pan and more on the bottom of the containing jar than could he accounted for by calculation, and also that the material that settled to the bottom of the jar outside the edges of the pan was considerably finer than that on the pan. This segregation was so great that the dis-tribution obtained for the finer sizes was obviously very much in error; material ground to about the degree of comminution of cement might have only 60 per cent of the calculated weight actually settling on the pan, and the error increased with the fine-

Jan 1, 1939

By R. W. Bartlett

Computer deterministic models for predicting the time dependent extraction of copper by leaching fragmented rock (both in situ and heaped or piled) have been presented in the last two years by Bartlett1, Braun, Lewis and Wadsworth2 and Roman and Co-Workers.3 All of these models involve aqueous diffusion within the pores of the rocks from which the metal is being extracted. The rate of chemical dissolution of the ore mineral within the rock will also affect the kinetics in the case of sulfide copper ores and some of the more refractory oxide copper ores. Simulation is also needed for fine grain disseminated gold ores and low grade uranium ores that may be heap leached. The development of such leaching models has two major purposes: First, extraction estimates must be made for tong time periods particularly for situations where laboratory and field tests either cannot be made or where there is insufficient time for field testing. Second, the results of simulated leaching should indicate the relative importance of the extraction controlling parameters and, thereby, provide a better understanding of the complex leaching phenomena on heaped material being leached, and guide further experimental work.

Jan 1, 1974

By Thomas N. Williamson, Victor Zeni

A 6-ft diam core drilling machine has successfully completed seven mine shafts in Virginia and West Virginia to depths as great as 465 ft. There is no practical depth limitation to this new system-a potential method in formations not easily penetrated with other large-scale drilling programs-and higher penetration rates and larger diameters are possible in some formations already being drilled successfully by other methods. The core barrel on the machine is fitted with rolling cutters such as those used on oil field rotary bits, so that less torque is required than with other large- scale drilling systems. The core is made with a wider kerf than is achieved with other coring methods, providing more working room for core drilling.

Jan 4, 1957

By David Seaman, J-P Franzidis, Emmy Manlapig

"A new device has been developed to directly measure the bubble loading of particle-bubble aggregates in industrial flotation machines, both mechanical flotation cells as well as flotation column cells. The bubble loading of aggregates allows for in-depth analysis of the operating performance of a flotation machine in terms of both pulp/collection zone and froth zone performance. This paper presents the methodology along with an example showing the excellent reproducibility of the device and an analysis of different operating conditions of the device itself.The device has been used to investigate the froth selectivity of attached particles. Simultaneous measurements were made using a different froth recovery measurement technique in the same flotation cell. A comparison of these techniques shows that in this case, particles are selectively detached from bubbles at or near the pulp-froth interface.INTRODUCTIONA flotation cell can be considered to operate in two distinct phases or zones; namely the pulp or collection phase and the froth phase. The pulp zone is responsible for the formation of hydrophobic particle-bubble aggregates, whilst the froth phase is responsible for the separation of these aggregates from surrounding suspended hydrophobic and hydrophilic particles. Thus, the froth phase is the grade determining phase in flotation. A measurement of the bubble load (the mass of particles attached to air bubbles in units of mass/volume) will enable the analysis of the performance of both the collection zone at creating bubble-particle aggregates and also the froth zone at separating these aggregates from surrounding pulp.A measure of froth zone performance that has been used extensively in flotation research is the Froth Recovery, Rf, of a particular system. Froth recovery is defined as the mass of particles collected in the concentrate launder by true flotation as a fraction of the mass of particles entering the froth phase. The measurement of bubble load allows for this term to be calculated easily, rather than having to go through the laborious task of, for example, changing froth depths to determine this performance criterion (Contini et al., 1988; Vera et al., 1999b; Feteris et al., 1987)."

Jan 1, 2004

By M R. Asef

Although generation of environmentally harmful hydrogen sulfide is considered to be related to sour gas fields, sweet gas reservoirs and waste fluids, travertine springs and geothermal fields may also produce acid gas (H2S and CO2) under certain conditions. The potential parameters influencing such a possibility need to be fully investigated to evaluate the extent of the consequences and predict hydrogen sulfide generation accordingly. Reports on hydrogen sulfide production at different regions and fields were gathered worldwide for the cases when some of them did not have such a problem previously. In order to inspect different aspects of these case studies, some other regions with no hydrogen sulfide content were selected as control. In all cases water samples were taken carefully for chemical analysis in the laboratory. Besides, mineral compositions were characterised in some cases for better evaluation. In order to give a thorough prospect of hydrogen sulfide production, a geochemical model was prepared. In situ engineering geological conditions, especially pressure and temperature, were assigned in the model to investigate the possibility of H2S generation using PHREEQC software. The results of modelling revealed that although many similarities existed between mineral compositions of the cases, certain formations were particularly prone to hydrogen sulfide generation. For better evaluation, important exchangeable cation ratios such as potassium/sodium, calcium/magnesium and ion proportions like sulfate and chloride were calculated as trends of the formations. As expected, the model could successfully monitor a higher ratio of SO42- and Cl- in potential H2S generator formations. Wide variation in percentage of HCO3- was considered as a secondary observatory parameter for better estimation. In addition, it was noticed that higher anion content created an environment ready to absorb any cations and this makes H2S generation easier. Finally, using correlations between predictors and estimators for low depth and deep samples defined the degree of effectiveness for every sample.

Sep 26, 2011

By Y. G. Sun

This paper mainly reported separation manganese silver oxidized ores process by amylum de-gradation reduction and its influencing factors. When dosage is given according to nMn : nH2SO4 : n(C6H10O5)n : nH2O=1:k21.8: k116.66:30, the amount of up to 95.93% Mn leach rate and less than 2% silver loss can be obtained. Cyanidation process was used to extracted silver from leaching Mn residues. Silver leach rate could reach 94.15% at consumed amount of 1kg/t NaCN for 1h. Silver leach recovery rate was more than 92.27% by leaching Mn and cyanidation two-step processes so manganese and silver were separated effectively.

Jan 1, 2014

By E. Contestabile, B. von Rosen, P. Lightfoot

As part of an accident investigation ANFO was subjected to various abusive tests. A tractor-trailer carrying 18,000 kg of blasting explosives, caught fire, burned for approximately 30 minutes, and then detonated. A series of tests was designed to observe the behaviour of ANFO when subjected to different thermal stimulus tests and more specifically, the Height-to-Detonation Test. Three diameters of steel pipes were used in the Height-to-Detonation Tests thereby simulating cylindrical columns within a pile of ANFO. The ANFO samples were then subjected to various thermal stimuli to initiate a reaction. Through the use of some instrumentation, the response of large ANFO samples was recorded and its behaviour, including the occurrence of phase changes will be analysed.

Jan 1, 2001

By M. Makarchian

Existing buildings sometimes experience excessive settlement under their design loads, or due to increased foundation loading, if a change of building use is required. One of the oldest and widely numerical study has been carried out of a simple idealised problem of an underpinned rigid circular foundation to better understand the behaviour of pile used for underpinning and load transfer mechanism from an existing foundation to the underpinning piles. The finite element method has been used for this analysis, with the soil treated as a two-phase elasto-plastic material. It is found that the effect of the length of the pile becomes more significant as pile length increases. As would be expected, the earlier the pile is installed, the less is the final settlement.

Jan 1, 1996

By James A. Brierley, Corale L. Brierley

Microorganisms have been considered as agents which may be of importance in catalyzing hydrometallurgical processes for the extraction of metals from low-grade ore minerals. Various microorganisms and their role in bacterial leaching are described. Bacterial leaching as applied to copper, uranium, zinc, lead, and coal is discussed.

Jan 1, 1981

By Hongbo Zhu, Kun Yang, Jingyan Jia, Jinhui Peng, Libo Zhang, Yi Xia

"Titanium dioxide is broadly considered as the most potential useful photocatalytic material. In this work, titanium dioxide was synthetized by microwave solid-state method and characterized by thermogravimetry-differential scanning calorimetry (TG-DSC), X-ray diffraction (XRD) and scanning electron microscopy (SEM). The result demonstrates that through microwave solid-state synthesis, we can obtain uniform size and anatase TiO2 photocatalyst, with the precursor being Ti(C2O4)2·2H2O. And its degradation kinetic parameter of MO can reach to 0.21232.IntroductionSince Fujishima and Honda found the photovoltaic property of titanium dioxide TiO2 [l], it has been widely used in the field of pollutant degradation, virus killer and environment protection [2-5]. Compared to other semiconductors, TiO2 has the advantage of low toxicity/cost, chemical stability, excellent photocatalytic activity, and long lifetime of electron/hole pairs, thus it is considered to be a most potential useful photocatalyst material [ 6]. Solid-state synthesis of oxide nanoparticle is a new method developed in recent years, which not only overcomes the shortcomings of easily aggregation existing in traditional hydrometallurgical process, but also fully demonstrates the unique technologic advantages of without solvents, high yield, easy control, less environmental pollution in solid-state reaction [7-11]. Researches show that the new method of microwave synthesis shows a lot of advantages such as fast reaction rate, efficient, high purity of product, uniform morphology, energy-efficient, and nonpolluting [12-15].In this work, we associated microwave heating and solid-state synthesis to prepare TiO2 photocatalyst material. Its photocatalytic activity was studied in the degradation of MO queous solution. Meanwhile, the formation process as well as the crystal structure and morphology of the synthesized powders were characterized by means of chermogravimetrydifferential scanning calorimetry (TG-DSC), X-ray diffractometry (XRD) and scanning electron microscopy (SEM) techniques."

Jan 1, 2014

By Norihiro Murayama

The hydrothermal syntheses of zeolites from coal fly ash were carried out using NaOH and KOH as an alkali source. The cation exchange capacity (CEC) and the ion exchange selectivity were investigated for the zeolites synthesized by a hydrothermal treatment. The effective usage of the zeolite as a cation exchanger was considered from the viewpoint of engineering. Zeolite P, HS (hydroxysodalite) and K-CHA (potassium-chabazite) are mainly formed as zeolite species in NaOH or KOH solution at 393K. The zeolite P and K-CHA have a large exchange capacity as a cation exchanger. The cation exchange isotherms of various monovalent and divalent cations with various zeolites are investigated. The order of selectivity of the zeolites is as follows, NH4+> K+> Li+.For the divalent cation, the largest removal amount is obtained for Pb2+ in the low equilibrium concentrations below 0.2mmol/dm3, and almost perfect removal can be achieved for Pd2+. The order of selectivity of zeolites in low concentration is expressed in the following order; Pb2+> Co2+> Cd2+> Ca2+> Mg2+> Ni2+. Ii is considered the zeolites obtained from coal fly ash can be used as an excellent cation exchanger.

Jan 1, 2006

By H. W. Imholz

Active interest in the North Central Texas area centered in the development of the Palo Pinto limestone-producing zone, near the town of Avoca, in the northeast part of Jones County. This producing horizon was discovered in 1937, in the Iron Mountain Oil Company's well No. 1 Olander, in sec. 196, B.B.B. & C. survey, at 3238 to 3250 ft. During the development of this pool, it was generally referred to as the Avoca pool. As a second pool has been discovered in the same producing zone, also near the town of Avoca, the writer has taken the liberty of changing the name of the original Avoca pool to Avoca-Olander pool. Forty producers had been drilled in the Avoca-Olander pool by the end of 1938; their initial ranged from 28 to 300 bbl. per hour. Stimulus was given to the interest in the development of the Palo Pinto limestone when the Ungren-Frazier No. 1 Griffin, in sec. 199, B.B.B. & C. survey, Jones County, found the limestone from 3225 to 3250 ft., with an initial production of 931 bbl. per day. (This new pool has been given the name of Avoca-Griffin pool, by the writer.) The best well to be completed, up to the present time, is the Bert Fields No. 1 Taylor in sec. 199, B.B.B. & C. survey, which had an initial production of 748 bbl. in 3 hours. The Owen-Snebold No. 1 McKeever in sec. 158, B.B.B. & C. survey, in northwest Shackelford County, added to the interest in the Palo Pinto limestone when it extended the Ivy pool with a well in the Palo Pinto limestone from 3145 to 3183 ft., and was estimated good for 6,000,000 cu. ft. of gas and 6000 bbl. of oil per day. During 1938, Stonewall County obtained its first commercial producer when the Stonewall Oil Co. in No. 1 Parriott discovered the Palo Pinto limestone saturated from 5169 to 5176 ft. and tested 371 bbl. per day. Two new producing horizons were discovered about 2 miles east of the old Noddle Creek pool, Jones County; the first, the Humble Oil & Refining Co. No. 1 Irvin, in sec. 48, block 18, T. & P. R. R. Co. survey, which had saturated limestone from 2550 to 2567 ft. and was good for 100 bbl. per day; the second, in the Humble No. 1 Horton, sec. 40, which

Jan 1, 1939

Both innovation and excellence are desirable attributes of education, as they are also markers in the progression of the human race, but how attainable are they? The interaction of minerals and humanity provides a special insight into the development of both criteria, from the discovery that chert cuts, through the Bronze Age and the first use of metal alloys for implements, to using coal, oil and uranium as sources of fuel. However, there have been many hiccups along the way, where excellence in one respect has meant disaster in another. Examples are in the exploitation of asbestos, and in traditionally poor work practices in mining, both contributing to the widespread public belief that minerals and mining are ecologically undesirable. Yet is this perception based on the unrealistic expectation of innovation and excellence being simultaneous qualities of any given process? Common sense born of experience indicates that the journey from one, to the other, is usually a long and often tedious process, with much trial and error before excellence is attained. In our time, the partnership between academia and industry is the usual pathway to achieve it. Even so, we should take care that innovation does not become overwhelmed by the pursuit of excellence: as history clearly demonstrates, humanity depends upon both.

Jan 1, 2004

By Craig M. Sams

Dry grinding circuits and factors influencing the selection of the most appropriate grinding system for a given ore selection are discussed. Comparisons of the drying, grindability, installed costs and operating costs are presented for several grinding systems.

Jan 1, 1994

By I. Zh. Bunin, G. K. Khachatryan, N. E. Anashkina

For optimization of diamond processing technology the influence of nanosecond high voltage pulses on mechanical and technological properties of diamond crystals and kimberlite rock-forming minerals (calcite, olivine, serpentine) was investigated. Using methods of Fourier Transform Infrared Spectroscopy (FTIR), X-ray photoelectron spectroscopy (XPS), microscopy and mikrohardness measurement the changes of structural, physic-chemical surface properties, and microhardness of minerals as the result of impacts, was studied. Non-thermal impacts caused a decrease of kimberlite rock-forming minerals microhardness in general to 40-66% as the result of surface microstructure destruction which is caused by formation of micro cracks, traces of surface breakdown and other defects. At the same time, the pulse energy impact on natural diamonds led to formation of B2 type crystal lattice microsift defects, elevated concentration of which increases the hardness properties of crystals. The obtained result indicates possibility of applying pulsed energy effects to improve the softening efficiency of diamond-bearing kimberlites rock-forming minerals without damaging the diamond crystals and ensuring their preservation by the subsequent grinding of ores. By IR and X-ray photoelectron spectroscopy revealed that processing by hight voltage pulses causes a change of natural and synthetic diamonds surface functional cover composition. Short-term exposure (~ 10 - 30) leads to detachment and partial destruction of secondary phases mineral films on the surface of natural technical diamonds, increasing floatability and hydrophobicity of crystals. However, with increasing duration of treatment (~ 30 - 150) occurs surface hydroxylation (found by XPS for synthetic diamonds), as a result of diamond surface layer oxidation. The effect of increasing the natural diamonds flotation activity by 14% (from 47% to 61%) was experimentally established as a result of processing diamond crystals with nanosecond pulses (~ 10-50 sec), which indicates the principal possibility of using pulsed energy impacts to intensify the diamond flotation during processing diamond-bearing kimberlites.

Jan 1, 2018

By J. J. Taute, N. B. du Preez

"A well-performing solvent-extraction circuit is a key part of producing good quality copper cathode. To ensure consistent operation, a good understanding of the circuit’s operation and an ability to rapidly troubleshoot key parameters is required. This paper briefly discusses the modeling of solventextraction circuits. The paper then goes on to discuss the determination of key performance parameters from plant data and comparing these with the circuit models to quantify circuit performance. The identification and troubleshooting of circuit issues is presented with a worked example. INTRODUCTIONA well-performing solvent-extraction (SX) circuit is a key part of producing good quality copper cathode. To ensure a consistent, high-quality operation, a good understanding of the circuit performance is required. Evaluating the performance of an SX circuit is an extensive topic. The objective of this paper is to focus on the evaluation that the metallurgist should be performing on a regular basis using flow and concentration data. This paper does not cover important topics, such as crud management, phase continuity, or organic management. Some basic SX modeling concepts are first be presented. The calculation of the parameters is then presented with a brief discussion and recommended ranges (where applicable). A worked example is used to provide a basis for further discussion on the evaluation of the calculated parameters and use of data collected.BASIC SOLVENT-EXTRACTION MODELING CONCEPTSThis section presents the basic modeling concepts used in SX simulation packages currently available. SX reagent suppliers have invested significant time and effort into collecting data on the performance of their reagents under different conditions. Based on these data, suppliers have developed packages which they normally make available to their clients for free. These are typically used for process design and plant optimization studies. For example, BASF developed ISOCALCTM and CYTEC Industries developed MINCHEM® and MEUMTM.Chemistry of Copper Solvent ExtractionLiquid–liquid extraction involves the selective transfer of a substance between two immiscible liquid phases by controlling the relative solubility in each phase. In the case of copper SX, the exchange is typically achieved by an oxime-based chelating mechanism. In particular, mixtures of aldoxime and ketoxime are normally used in conjunction with modifiers. More detail on this extensive topic can be found in Schlesinger et al. (2011)."

Jan 1, 2015

By Robert R. French

Commercial grade gypsum beds up to 16 feet thick is present in southwestern Indiana. The major deposits are found at a depth of 350 feet to more than 500 feet below the surface. The ore body averages about 75 to 95 percent gypsum. Two companies are currently exploiting a deposit which underlies an area of several square miles near Shoals, in Martin County. Another deposit has been located in southwestern Owen County but has not been developed. The Indiana Geological Survey is currently drilling in Greene County and is considering further exploratory work in Perry end Dubois Counties.

Jan 1, 1965

By Richard Frentress, Dave Donelon, Robert Henderson, Mike Warnert

"The Round Mountain gold mine is an open-pit mining operation located 97 kilometres north of Tonopah in Nye County, Nevada. Gold has been produced from the property since 1906.Gold is currently recovered using a combination of four independent processing operations. These include a 10,000 ton per day mill, a 30,000 ton per day, crushed ore heap leach, a 150,000 ton per day, run-of-mine ore heap leach and a small high-grade gravity concentration circuit. In 2002, Round Mountain Gold Corporation produced 755,494 troy ounces of gold at a total direct operating cost of US$2.14 per ton ($193/oz).This paper presents a summary of the Round Mountain operations and discusses some of the processing innovations that have enabled the mine to profitably recover gold from a large low-grade ore body.INTRODUCTIONRound Mountain Gold Corporation is a 50/50 joint venture between Kinross Gold Corporation and Barrick Gold Corporation. Kinross acquired its ownership interest in the Round Mountain mine upon completion of combination with Echo Bay on January 31, 2003. The joint venture partners continue to support an aggressive exploration program in the vicinity of the mine in order to add reserves and extend the mine life.The Round Mountain mine currently operates a conventional open pit that is approximately 8,200 feet long, 4,900 feet wide and 980 feet deep. Mining is conducted on 34-metre benches by electric shovels and front-end loaders paired with 150, 190 and 240-ton haul trucks. Blasthole samples are collected and assayed and provide the control for ore segregation. Based upon these assays, blasted pit rock is determined to be run-of-mine Dedicated Pad ore, crushed Reusable Pad ore, high-grade ore or waste.Gold is recovered using a combination of four independent processing operations. These include run-of-mine ore heap leaching (Dedicated Pad), crushed ore heap leaching (Reusable Pad), milling and the gravity concentration circuit. Non-mineralised rock is delivered directly to the waste dumps. Low-grade ore is trucked directly to the Dedicated Pad and medium-grade ore is crushed and placed on the Reusable Pad. High-grade ore is handled in one of three ways: 1) leached on the Reusable Pad and offloaded to the mill; 2) sent directly to the gravity plant with tails reporting to the mill; or 3) sent directly to the mill or mill stockpile. The gold particle size distribution of highgrade ore determines the processing method."

Jan 1, 2005