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By R. D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market. IntroductionMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. This paper will concentrate on market-based approaches to valuation of such properties. Other authors at MM2000 presented papers on cost and income approaches. Sorentino (2000) also provides a useful overview with some provacative commentary on methods.Market based-approaches are based on the principle of substitution and include such techniques as: comparable transaction analysis (sometimes referred to as sales comparison analysis); farm-in commitment (or option agreement) analysis; rules-of-thumb; and comparable market value analysis.Are there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal Committee of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2002

By Yoichi Takeda

The CaO-FeOx-Cu20 slag has been practically applied to continuous converting of copper, and also has potential for refining of copper. Liquidus lines of the slag system and phase stability diagram for the liquid slag and the existing solid compounds under copper saturation are presented. Liquidus composition was determined by chemical analysis of slag sample saturated primary solid. The temperatures of invariant equilibria were investigated by thermal analyses. Oxygen potentials on the liquidus lines, the univariant and invariant equilibria were estimated from the relation slag composition and oxygen potential that relation was confirmed in separate experiments.

Jan 1, 2003

The Bureau of Mines is responsible for a broad spectrum of programs for meeting the diverse and changing mineral resource needs of the Nation. These programs are managed by the Director and two Deputy Directors, who formulate general policy and program direction from the Washington, D.C., headquarters. A senior advisory staff, consisting of the Chief Staff Officer, Chief Scientist, and Chief Mining Engineer, provides advice and consultation to the Director on a wide range of scientific and technical matters and acts on behalf of the Director to maintain liaisons with other government agencies, mineral industries, and professional societies. Bureau program activities are classified into two major functions: (1) Developing new and improved technology that will make the production and processing of minerals more efficient, safer and more healthful for mineral workers and the public, and more compatible with a quality environment.

Jan 1, 1979

By L. C. IlsLey

The theory and practice followed by the Bureau of Mines in investigating electrical equipment4/ made for service in gassy mines are of particular interest not only to manufacturers but also to those organizations that deal with safety anal inspection at the mines. This publication purposes to discuss the theory upon which tests of equipment in explosive atmospheres are based and to consider inspection and other matters pertaining to investigations made by the Bureau in ascertaining whether a machine merits approval. The material in this report is taken from an earlier bulletin,5/ which is row out of print, and has been revised and brought up to date to make the information again available to manufacturers, inspectors, and others interested in the development of safe equipment.

Jan 1, 1954

By John Reilly

Traditional methods of project procurement of have remained virtually unchanged in the U.S. infrastructure construction industry for more than 50 years. The traditional method, Design-Bid-Build (DBB), uses a two-step process that separates planning and design from construction. Design is generally done by the public agency and their consultants and the subsequent construction contract is procured from the private sector, almost always by a “low-bid” approach. This method has worked well for many projects, delivering quality work for the lowest bid price. This is particularly true for those projects where the work, and the public agency’s management procedures, are well understood by the contracting community and there is relatively low uncertainty in the work or conditions, particularly geotechnical conditions for underground construction. However, concerns exist with the DBB process. It is time consuming because all planning and design work must be completed prior to beginning any construction work and it is of concern for complex or large projects, plus those with significant risk, where the separation of design and construction, in conjunction with pressures resulting from the low-bid environment, often result in substantial cost and schedule increases. Frequently, these increases occur in a non-productive, inefficient, adversarial work environment leading to claims, disputes and costly litigation (Quick 2002).

Jan 1, 2007

By W. W. Scott

Measurements of the absolute value of electromagnetic noise and attenuation along a hoist rope were made in an operating hard-rock mine, Lucky Friday Mine, located near Wallace, Idaho. Spectra of electromagnetic noise generated by various pieces of equipment, spectra of specific noise signals at various depths, and noise and attenuation on the 4250 foot (1295 meter) hoist, were measured. Three techniques were used to make the measurements. First, noise was measured over the entire electromagnetic spectrum of interest for brief time periods. Data were recorded using broadband analog magnetic tape for later transformation to spectral plots. Second, noise amplitudes were recorded at several discrete frequencies for a sufficient amount of time to provide data for amplitude probability distributions. A third technique gave attenuation data through the direct measurement of field strength at various depths. The specific measured results are given in a number of spectral plots, amplitude probability distribution plots and amplitude curves as a function of depth.

Jan 1, 1974

The Objective: To reduce the noise generated by the exhausting air from a pneumatic roof bolting drill to a maximum of 90 decibels. Any attachment used for this purpose must be lightweight and must not cause a significant increase in back pressure. The Approach: Absorb the noise with a properly designed muffler that will permit sufficient airflow without affecting the normal operation of the drill. How It Works: The air exhausted by the drill enters the muffler through perforated disks into a resonator chamber. It then passes through a series of expansion and contraction chambers and is expelled to the atmosphere through another perforated disk. The basic muffler design for the pneumatic drill was established by using both digital computer analysis and experimentally simulated noise tests. The measured parameters used in the computer program consisted of inlet and outlet pressures, temperatures, airflows and exhaust areas. United

The administration came on as a strong supporter of the mining industry in April of 1982 when President Reagan delivered his long-awaited minerals policy statement. He promised to reduce America's minerals vulnerability, and called for spending billions on meeting stockpile goals for strategic minerals, opening up federal lands for mineral exploration, elimination of barriers to deep sea mining, and regulatory relief. He defended the favorable tax incentives in the Economic Recovery Act as a stimulus to private research and development that would ensure the availability of materials essential to the nation's economy and national defense. But the administration just didn't seem to get anywhere. Congress, environmentalists, and even foreign governments fought White House-proposed legislation on all fronts, delivering the ultimate coup in forcing Environmental Protection Agency Administrator Anne Burford's resignation and the subsequent EPA staff house cleaning in early 1983. Anti-Reaganites scored victory after victory against Reagan's efforts to stimulate the minerals industry. Congress was stalemated on so many mining-related issues that not much was done either for or against the industry. And the US was not to get its way on the issue of sea mining either. Most of Reagan's mineral policy objectives failed to be met. Three months after the National Materials and Minerals Program Plan was presented and the Cabinet Council on Natural Resources and the Environment was made its coordinator, the head of the Cabinet Council James Watt blamed lack of progress in reviving the mining industry and creating a better strategic stockpile on the weak economy and the House of Representatives, which repeatedly thwarted efforts to open wilderness lands to mining. Congress The 97th Congress spent much of its time saying no in 1982-to the Reagan administration's deep cuts in energy and environment programs, to major changes in clean air and water laws, to oil and gas leasing in wilderness, and to killing the Department of Energy. Most of 1982 (and 1981) was spent in heated budget disputes. Some things that did not happen: • The administration and industry failed to get changes in controls of hazardous air pollutants and sulfur dioxide emissions that are implicated in the phenomenon known as acid rain. Industry had wanted to relax requirements for new industries building in clean air regions where the air act demands prevention of significant deterioration (PSD) of air quality, and to relax requirements tightening up the regulation of emissions of hazardous air pollutants. The air battle is expected to continue on five major fronts-acid rain, hazardous air pollutants, PSD, automobile pollution, and nonattainment. • Regulatory reform legislation to overhaul the way government carries out the law died a slow death last year. Business groups and the administration said federal agencies should be required to consider cost-effective measures of reaching regulatory objectives of protecting public health, safety, and the environment. Opponents, including environmentalists, feared such action would delay, weaken, or scuttle important regulations. • Congress turned thumbs down several times on proposals for oil and gas leasing in wilderness but could not agree on any new wilderness recommendations (see The Wilderness Battle). • Congress refused to open the door to the Reagan administration's plan to raise up to $4 billion a year from sales of federal lands. The administration identified surplus and excess federal lands, mostly obsolete buildings or isolated tracts of land, that could be sold by the General Services Administration (GSA) to help out the federal budget deficit. Congress took no action. Some things that did happen: • Congress extended the Defense Production Act (DPA) for six months through March 1983 without changing the 32-year-old law. That came after it failed to resolve sharp differences over proposals for critical minerals programs. Differences concerned both the amount of funds and the scope of programs that would be authorized under the DPA's Title III. Some proponents pressed for $5 billion in funding for loan guarantees or purchase commitments to spur domestic production of minerals such as cobalt. Other members of Congress wanted smaller amounts of funding, and the Reagan administration, until about November, had opposed any use of federal funds for strategic mineral programs. These measures were certain to come up again before the DPA extension expired in March. • House supporters of the Critical Materials Act of 1982 were unable to come up with the twothirds majority needed to pass the bill, so it died on the House floor in December. The bill proposed that a council be established with responsibility for coordinating federal materials research and development. The administration opposed the council creation contending that the Cabinet Council

Jan 5, 1983

By Matthias Pulsfort, Jiarui Du, Torsten Wichtmann, Achim v. Blumenthal, Diethard König, Rowena Verst

The influence of the interaction between support fluid and soil, e.g., filter cake formation, on the shear stress transfer in the soil-concrete interface of diaphragm walls and bored piles is still controversially discussed. Actual research on the soil-concrete interface using bentonite suspensions indicates that shear stress transfer is underestimated by existing standards. Investigations on the soil-concrete interface using polymer solutions are rare. Therefore, complementary field investigations and systematic laboratory studies were conducted to analyse the soil-concrete interface using both bentonite suspensions and polymer solutions. Thickness and composition of real-scale filter cakes were investigated on several slurry wall construction sites, where bentonite suspensions were used. Direct shear tests (60 mm x 60 mm) were executed for soilbentonite mixtures with varying amounts of bentonite and different granular fines representing a realistic bandwidth of in-situ filter cake compositions. Larger direct shear tests (300 mm x 300 mm) with preceding horizontal penetration, subsequent vertical tremie concrete placement, and filter cake consolidation were performed using both bentonite suspensions and polymer solutions. The results support the view that shear stress transfer in the soil-concrete interface can be described by a wall friction angle in a range of 25° to 30° for bentonite suspensions and between 35° and 40° for polymer solutions in non-cohesive soils.

May 1, 2022

By A. E. Hall, R. N. Taylor, J. G. Taylor

The introduction of tunnel-boring machines to South African gold mines has created problems and challenges which accompany any new technique. This paper describes the experience gained in this field, especially in the design and erection of a tunnel borer and in boring and environmental conditions.

Jan 1, 1978

By Han Yi

The coarse indium ingots produced by Shaoguan smelter contained a lot of impurities. In order to produce the high pure indium with the purity more than 99.99%, the appropriate refining processes were designed and the practice of combined application of Glycerin-KI process and electrolysis in Shaoguan smelter was introduced.

Jan 1, 2005

By Derek H. C. Wilton

"The Nain Province (NP) of northern Labrador is a >600 km long by =100 km wide Archean craton that has undergone relatively little mineral exploration until economically signifcant concentrations of orthomagmatic nickel sulphide were discovered by Diamond Fields Resources (DFR) at Voisey’s Bay. Due to the great time span between crust formation andfnal intrusive activity (ca. 3.9 Ga to 1.27 Ga),there were, however, numerous metallogenic events within the NP.The NP was intruded by the ca. 1.3 Ga to1.2 Ga Nain Plutonic Suite (NPS) composite anorthosite-granite complex. The NPS dividesthe NP into the southern Hopedale Block (90 km by 150 km) and the northern SaglekBlock (375 km long by =50 km wide). These two blocks appear to represent two distinct Archean cratonic nuclei, each with its own distinct metallogenic history. The NPS is a coalesced assemblage of composite intrusions which include anorthosite, troctolite, norite, gabbro and granite.The Hopedale Block contains the Hunt River and Florence Lake greenstone belts, and the Weekes Amphibolite which represents remnantsf the older Hunt River greenstone belt. Geologically, these belts have some potential to host komatiitic Kambalda-style nickel, volcanogenic massive sulphide (VMS) and meso -thermal lode gold mineralization. The unconformity between Paleoproterozoic cover sequences and the trondhjemite-tonalite-granodiorite (TTG)suite which engulfed the greenstones was the locus for lead-zinc-bearing quartz-carbonate veins. Minor fracture-hosted uraninite showings are also present in the TTG.The Saglek Block is a high-grade gneissterrane with deformed Archean supracrustal sequences but no greenstone belts. Within the gneiss are variably-sized enclaves that range in composition from anorthositic to ultramafic; some of these latter xenoliths contain abun-dant fuchsite. There are also three small anorthositic to ultramafic meta-igneous complexes present in the gneiss near Okak Bay.Some Archean meta sedimentary and maficgneiss supracrustal sequences contain iron-oxide and sulphide members. The sulphide-bearing Tasiuyak parag neiss defines the cra-tonic suture between the NP and Churchill(Rae) Province. Along the cratonic suture between the NP and Churchill Province from Ramah Bay north are remnants of the Archean(or Paleoproterozoic) Hutton Anortho site Suite. Ultramafc layers within the suite contain chromite and elevated Ni values.Three ca. 2.0 Ga supracrustal sequenceswere deposited in small fault-bounded basins within the NP. The Snyder Group contains pyrrhotitiferous massive sulphide horizons. TheMugford Group contains SEDEX-like massive sulphide blocks in a debris fow and ultramafic sills with unusual PGE concentrations; alaskitic granite cutting basement gneiss to the group contains stockwork-like pyritiferous quartz veins. The Ramah Group contains numerous MVT-style zinc-lead sulphide occurrences.The Reid Brook Intrusion of the NPS contains enormous and high-grade nickel-copper-cobalt massive sulphide bodies at the Voisey’s Bay deposit. Exploration in the northern portions of the NPS in 1995 has indicated the presence of other potentially economic nickel sulphide horizons."

Jan 1, 1996

Nearly as impressive as the machines that will be on display at MINExpo are the massive engines and tires that keep the machines moving. As you can imagine, it takes a special tire and special engine to run these machines. The following is a look at some of the exhibitors that will be at MINExpo displaying engines and tires. Cummins Inc. Cummins Inc. will display a lineup engines from 37kW to 2,983 kW (49 hp to 4000 hp) at MINExpo, representing the most extensive ?smallest to largest? range the company has ever put on display.

Jan 1, 2012

By Constantine C. Popoff

This report reviews and analyzes, by a simple analytical and logical reasoning, the conventional methods of reserve computations of mineral deposits described in various domestic and foreign publications. It brings together, formulates, and evaluates the principles underlying interpretation of exploration data; and ties such principles to the proposed classification of methods. The material is discussed in sufficient detail to allow general application.

Jan 1, 1966

By Douglas Bartley, Brian Wingfield, Robert McClure

Recent studies and limited tests indicate favorable results utilizing high accuracy electronic detonator technology over conventional non-electric pyrotechnic systems. This study discusses the application of this technology using the Daveytronic programmable system in an on-going production basis. The study quantifies the performance as it relates to fragmentation, excavation, vibration and productivity in an eastern U.S. aggregate mining operation.

Jan 1, 2001

By P. L. Russell, M. E. Volin, F. L. C. Price, D. H. Mullen

Tin deposits in Catron County, New Mexico, were explored by the Bureau of Mines under authority of the Strategic Minerals Act of August 1939. The investigation covered both lode and placer deposits and was later extended to deposits in Sierra County. Six of the known deposits were examined by E. D. Gardner, supervising engineer of the Southwest Experiment Station of the Bureau of Mines, and S. G. Lasky, a geologist of the Federal Geological Survey, in June and July 1939. It was recommended that the more promising occurrences be explored by test pitting, trenching, and sampling. Field work, under supervision of M. E. Volin, began in September and continued through December 1939. The area was mapped by Carl Fries, Jr., of the Federal Geological Survey, in 1939 and 1940. The La Cruz Development Co. acquired control of the Squaw Creek placer claims in 1942 and began active sampling and development preliminary to large-scale operations. The result of this work showed a considerably higher tin content than that found by the Bureau of Mines in 1939. Because of this report and reports from other parts of the district that large-scale operations for the production of tin from lode deposits were possible, it was recommended that the Bureau of Mines resample parts of Squaw Creek and conduct a mill test of lode material to determine whether a concentrate could be made that was high enough in tin and low enough in iron to be acceptable in American smelting practice. This work, under the supervision of Paul L. Russell, was begun in November 1942 and completed in January 1943, during which time the Sierra Metals Co. acquired control of a large area in Sawmill Canyon. At the suggestion of the Federal Geological Survey and the War Production Board, which had reason to believe that a great deal of commercial material existed on certain flatlands and gully slopes, the project was extended to include test pitting and sampling of those areas. This work was completed in February 1943.

May 1, 1947

By Yoichi Takeda

The CaO-FeO,-Cu20 slag has been practically applied to continuous converting of copper, and also has potential for refining of copper. Liquidus lines of the slag system and phase stability diagram for the liquid slag and the existing solid compounds under copper saturation are presented. Liquidus composition was determined by chemical analysis of slag sample saturated primary solid. The temperatures of invariant equilibria were investigated by thermal analyses. Oxygen potentials on the liquidus lines, the univariant and invariant equilibria were estimated from the relation slag composition and oxygen potential that relation was confirmed in separate experiments.

Jan 1, 2003

By James A. McGrath

"The predominant key word associated with all commercial blasting methods is “safety”. Safetyshould take precedent over all other aspects of the entire explosives industry which on a wholehas had an excellent track record as to number of injuries per unit of hours worked at all blastsites throughout our country."

Jan 1, 1999

By HILAND BATCHELLER

COMMENT on the economic significance of the special alloy steels seems inevitably to reduce itself to an attempt to peer into the future of the industry in which we are interested. We are all familiar with the historical development of iron and with the almost complete replacement of iron by steel. Those who have been connected with the industry since its .early days have had the satisfaction of witnessing the greatest industrial development the world has seen. As the cartoonists of the muck-raking decade liked to picture steel as an ogre armed with a spiked club, his hands reeking with blood and with golden coins dripping from his pocket, fiercely seeking for more widows and orphans to devour, I choose to call on my imagination to create a gigantic but beneficent robot of such marvellous mechanical skill. that it quickly transforms millions of tons of otherwise worthless material into the infinite variety of useful products which are so largely responsible for our present civilization.

Jan 1, 1931

Introduction The Homestake Mining Co. has always been big on gold. After 108 years in the business, the company and its principal product are almost synonymous. The relationship continues. On Sept. 28, 1985, Homestake held formal dedication ceremonies for its newest gold mine - McLaughlin. The McLaughlin open-pit operation is located in northern California, some 113 km (70 miles) northeast of San Francisco. It lies near the boundaries of three counties - Napa, Yolo, and Lake - and a portion of its facilities are located in each. McLaughlin was originally the site of the Manhattan mercury mine that produced nearly 80,000 flasks of the quicksilver from the 1860s to 1978. At the September dedication, Homestake renamed the mine in honor of the late Donald H. McLaughlin. McLaughlin was with Homestake for nearly 60 years. He rose from exploration geologist to his ultimate positions of chief executive officer, director, chairman of the board of directors, chairman emeritus, and chairman of the executive committee. The discovery of the McLaughlin deposit occurred in 1978, the last year of operation for the Manhattan mine. Homestake geologists used a newly developed model and found surface gold at the mine site. That same year, Homestake signed an agreement with the property owner and began a two-and-a-half year exploration program. An initial discovery announcement of 31.1 t (1 million oz) of gold was made in 1980. In 1981, this was revised to 93.3 t (3 million oz), or 18 Mt (20 million st) of ore grading 5.2 g/t (0.152 oz per st). Expected mine life is 20 years. Construction began in September 1983, following the issuance of stage one permits. Start-up of operations took place in early 1985 and the first gold-silver dore bar was poured on March 4. Since then, more than 540 kt (600,000 st) of ore has been milled, producing about 1.6 t (50,000 oz) of gold. Of special interest at McLaughlin is the use of three autoclaves for gold extraction. According to Homestake, this is a first. The autoclaves are designed for a 90% gold recovery rate. Early results have proven yields at this rate and higher. Geology The McLaughlin deposit is about 1.5 km (5000 ft) long. It occurs as a wedge-shape, narrowing to a verti-

Jan 1, 1986