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The visible portion of accounting-record keeping and preparation of financial statements-suggests a lack of sophistication and imagination. In reality, accounting is based on a large body of theory. Accountants philosophize, theorize, judge, create, and deliberate as a significant part of their professional practice. The subjective aspects that are so critical to current accounting practice, such as searching for truth and fact, judging what is fair presentation, and considering the behavior induced by presentations, are often overshadowed by the appearance of exactitude, precision, and objectivity that accompanies the use of numbers to express the financial results of the enterprise. * Fundamental accounting principles are hypothesized in the same manner as mathematical principles. These principles are justified by acceptability and intuition. Accounting theory is built upon these hypotheses, resulting in a coherent set of standards and rules. Although it does not specifically address every situation that may be encountered, this conceptual frame- work enables the manager or analyst to resolve specific situations. This framework also aids in the understanding and confidence in financial statements and ensures comparability between statements from different companies. This framework is referred to as "generally accepted accounting principles," or GAAP.

Jan 1, 1999

By W. R. Hibbard

Emerging from discussions of U.S. energy policy: from the Project Independence Blueprint; from President Ford's statements to Congress; and from several independent appraisals of the situation; there is a clear objective to achieve an appropriate balance of supply and demand in the near term future (1) by developing more efficient ways of using energy and (2) by extending domestic sources of energy. More specifically, the strategy for achieving this goal has three parts (1) Conservation of energy through greater efficiencies in automobiles, appliances, lighting, heating, and industrial processes. (2) Increased domestic production of oil and gas through new sources such as the outer continental shelf and new efficiencies such as tertiary recovery. (3) Substitution of coal and uranium for oil and gas in utility power plants and industrial heating. The goal of energy research and development is to help achieve these goals and to help minimize the economic, environmental and social impact of our shift from imported energy to domestic sources. The focus of this paper is the implications of the expanded use of coal, and the research and development which may help achieve the above goals in so far as coal is concerned.

Jan 1, 1975

By B. Pesic

Northwest Alloys, a wholly owned subsidiary of Alcoa, produces magnesium from dolomite by reduction with ferro silicon and aluminum. This process produces alkaline by-products in quantities that allow their consideration for use as commercial by-products. Two such products are dicalcium silicate slag, Di-Cal, and magnesium oxide condensate, MgO. The alkaline properties of these materials offer acid neutralizing capability comparable to the traditionally used lime, therefore, warranting a study for their use in applications where the neutralization of acidic waters or process solutions is required, such as treatment of mine waters. In this ongoing study, three mine waters (Bunker Hill Mine, Berkeley Pit, and Blackbird Mine) were selected for treatment with Di-Cal and MgO. Lime was used as the background control. The solid precipitates were subsequently contacted with pure water at four different pH conditions for stability testing of prepared metal precipitates (expanded TCLP). It was found that neutralization with Di-Cal results in precipitates which are of equivalent to superior stability than those from lime treatment.

Jan 1, 1999

By C. G. Anderson

Historically, the treatment of orebodies for recovery of valuable constituents presents many processing challenges. In a time of heightened environmental awareness, the constraints placed on processing complex orebodies are becoming more and more pronounced. As such, established technologies are limited in their ability to fill the needs of these emerging sources of raw materials. A prime example of this is in processing PGMs from primary sources. Normally, this type of material is found in a nickel-copper-iron sulfide matrix. Typically, these materials are processed by established pyrometallurgical means. However, other options should be considered. Hydrometallurgical processes are available which offer advantages over pyrometallurgical methods. One of these is the nitrogen species catalyzed sulfuric acid pressure leach used industrially by Sunshine Mining and Refining Company. In 1990, laboratory work was undertaken in cooperation with Stillwater Mining Company to test PGM matte materials from the Columbus, Montana smelter. The initial results were very positive, and they led to a design to recover PGMs in a high grade residue and to recover nickel and copper as valuable products. Handling the iron and other wastes in an environmentally safe manner was also successfully investigated.

Jan 1, 1995

By C. L. Jiang

The role of iron ions (Fe2+ and Fe3+) in the flotation of both ore-and coal-pyrite with ethyl xanthate was comparatively investigated. The complete/partial depression of ore-and coal-pyrite in neutral to weakly alkaline solution is due to the formation of ferric dihydroxy ethyl xanthate between xanthate and the oxidation products of pyrite, ferric and ferrous ions. With xanthate as collector, coal-pyrite was found to be nonfloatable above pH6. In the presence of iron ions and between pH6-9.5, the flotation of ore-pyrite was significantly depressed. Ferrous ions have a stronger effect on pyrite flotation than ferric ions in neutral to weakly alkaline solutions.

Jan 1, 1996

By D. J. Shields

This paper describes a dynamic short-nun mineral supply model that incorporates secondary processing, transportation, mineral market structure, and direct mining and milling costs. The method employed is network flow programming. Empirical tests utilizing domestic phosphate industry data have been conducted by the Bureau of Mines, U.S. Department of the Interior. In the model, nodes represent physical locations such as a mine or port. Arcs represent either a process, such as mining, or movement, such as rail or barge transport. Each arc is described by lower or minims allowable flow bounds, upper or maximum possible flow bands, and variable cost. Mines and previous period inventories represent potential supply. The model is optimized via a cost minimizing algorithm, which attempts to fulfill stated total demand at the minimum possible system cost given the arc constraints. An optimal solution of the model will predict production patterns by mineral property for each prespecified level of demand. A mineral property is defined as a separate accounting entity such as a mine. The results of serial optimizations are used to construct the short-run supply curve. Dynamic policy analysis can be conducted by altering the arc constraints.

Jan 1, 1986

By J. E. Hoffman, Massimo Maccagni, T. J. Keefe, Marco Olper, O&apos

The research laboratory of B.U.S Engitec has identified and patented a new process for electrolytic production of lead from lead sulphide concentrates with simultaneous production of elementary sulphur. The process occurs in an aqueous solution, at atmospheric pressure, utilizing a solution of ferric fluoroborate in fluoroboric acid as the oxidizing and solubilizing medium for lead sulphide. After the filtration and separation of a residue composed of elementary sulphur and the gangue which accompanied the concentrate, the solution containing lead as fluoroborate and iron reduced to a ferrous state is sent to a diaphragm electrolytic cell where, in the cathode compartment, the lead is deposited in a compact form on the stainless steel permanent blank. The exhaust solution stripped of lead is sent to the anode compartment where the oxidation of ferrous fluoroborate into ferric fluoroboratetakes place, reproducing the oxidizing solution for new leaching. Depending on operating conditions, it is possible to selectively solubilize the lead from the other metal values present in the concentrate. The sulphur produced from the reaction may be separated from the gangue by extraction with solvent or by flotation.

Jan 1, 1993

One of the largest mining shows in the world is set take place April 15-18 in Santiago, Chile. Expomin 2008 is expected to attract more than 60,000 professionals from around the world who are involved in all aspects of the mining industry. Expomin has become an important place for mining leaders to meet, organizers said, ?with great expectations for the development of new business in international markets.? This is the 10th Expomin. The event, held every two years, is expected to at-tract exhibitors from more than 25 countries, representing nearly 1,000 companies and more than 3,000 brands related to the mining industry, organizers said. Most all of the world?s largest equipment manufacturers and suppliers ? surface and underground ? will be represented. The importance of the event to the Chilean and international mining industry can be seen by the increase in size of the exhibition ? 13 percent more surface space in 2008, compared with the 2006 Expomin. The exhibit will be broken down into four pavilions, covering 34,054 m2 (355,570 sq ft). An outdoor area for the large mining equipment will cover 16,120 m2 (173,520 sq ft).

Jan 1, 2008

By Henry W. Brandt

What is the most practical method for storing a huge quantity of crude oil for a long period of time to assure availability if conditions curtail the source of supply? Underground storage is a logical answer. But can abandoned mines be used for this purpose? That is the proposal Fenix & Scisson International, Inc. submitted to the S.F.F. Association (acting in behalf of the Department of Industries of the Republic of South Africa), Johannesburg, South Africa, in October 1966. This engineering and contracting firm with headquarters in Tulsa, Oklahoma, specializes in underground storage; and based upon previous experiences their engineers were reasonably certain that a mine could be used for storing crude oil. The answer subsequently proved to be "yes." The result was con- version of a coal mine to provide storage for a quantity of crude oil which is the equivalent of a sizeable oil field. The total cost of purchasing, testing, and converting the mine was less than 15 percent of the cost of conventional steel tanks. Operating and maintenance costs are proving to be about 2 percent of those experienced at two large tank farms owned and operated by the Association.

Jan 1, 1973

By B. Kolonja

This paper considers simulation of truck dispatching system designs using maximum expected production of the truck-shovel system as the measure of performance. Two methods are utilized, multiple comparisons with the best (MCB) and the combination of MCB and the variance reduction technique known as common random numbers (CRN). These two techniques are compared via simulation experiments. The results show that the combined procedure of MCB with CRN is the superior tool to reduce the total number of replications needed to ensure the specified probability of correct selection over the finite number of designing systems. In this case study, MCB with CRN reduces the variance by 29% and the number of required replications by 48%. Also, the MCB with CRN procedure narrowed the confidence interval by 18%.

Jan 1, 1994

By G. Ferrara

To obtain a reliable comparison between conical and cylindrical separatory vessels used in dynamic dense medium separation systems, the following studies were made: (1) study of the swirling flow in conical and cylindrical vessels using laser-Doppler velocimetry (LDV); (2) study of the behaviour of suspensions of magnetite and ferrosilicon in water in both separators. It was found that: (a) the tangential velocity profiles differ in conical and cylindrical vessels: in a conical cyclone free vortex conditions affect the largest part of the vessel, while in a cylindrical vessel, the motion approaches that of a forced vortex, i.e. that of a centrifuge; (b) the conical vessel manifests higher centrifugal acceleration and very strong densifying; the density differential, and hence the density gradient inside the vessel is large; (c) the cylindrical vessel manifests lower centrifugal acceleration and low densifying, i.e. low density differentials, and hence, the density gradient inside the vessel is small; (c) due to greater densifying, the density cut-point in cyclones is higher than the operating medium density, while in cylindrical vessels the density cut-point is closer to the medium density. The results provide an interesting description of the differing behaviour of conical and cylindrical vessels and help explain the differences in performance between the two types of separators.

Jan 1, 1998

By Esko O. Nermes

Outokumpu flash smelting of copper concentrates was introduced in 1949 and flash smelting of nickel concentrates in 1959, both at Harjavalta in southwest Finland. The first flash smelter outside Finland was started up in 1956 in Ashio, Japan. Between 1956 and the present about 25 flash smelters for copper, and nickel concentrates have been put into operation in different parts of the world. Outokumpu"s research organization has been highly involved in the development of flash smelting. For example, a direct blister flash smelting process was developed in 1975 and introduced in Glogów, Poland, in 1978, and another has been designed for Zaire. This straight metal process is based on low iron content of the concentrate, which reduces the amount of recycling slag copper. Additionally, the concentrates are rather low in impurities.

Jan 1, 1982

By Ingvar Janelid

During recent years, numerous articles have been published regarding theories and practical applications of sublevel caving. The reason is the great interest this method has created through its possibilities of standardizing and mechanizing operations and equipment. Other advantages are that the method can be adapted to orebodies of different shape, size, strength etc., and especially that working conditions can be made safe and relatively comfortable since all work is carried out in drifts. As is well known, the disadvantages or sublevel caving are that ore recovery hardly exceeds 85-90 % if waste rock dilution is to be kept below 20-30 %. Therefore, the main research and development work has been concentrated on parameters which can affect and reduce these disadvantages. This paper deals only with principles and problems which apply to large, massive orebodies. The problems with narrow, vertical or inclined orebodies are so different that they require a special handling. In my opinion, the intense research and development work during recent years, combined with practical experience, has given enough knowledge of the influence of different parameters, so that normal sublevel caving can be efficiently planned.

Jan 1, 1975

By Fred Pena

The VERTIMILL has proven itself to be a reliable performer in heavy duty industrial applications. Applications have been extensively used in the mining industry, flue gas desulfurization applications, and industrial minerals field. The machine is a vertically stirred machine that utilizes a screw operating in a grinding media. Grinding media types have ranged from several sizes of steel balls as the most common to pebbles or ceramic media. Mesh-of-grind and final product size are the determining criterion for the selection of the media size used. Product size consists have ranged from very coarse to super-fine grinds of less than 25 microns. Savings in consumption of power, grinding media, and liners when compared to a conventional ball mills, have been realized. Savings in consumption of reagents have also been demonstrated.

Jan 1, 1992

By D. An, J. Withers

A nano-scale investigation has been carried out by applying an AFM (atomic force microscope) to study in situ the adsorption of various collectors, i.e., oleic acid, octanohydroxamic acid (HA), and salicylhydroxamic acid (SHA), on bastnaesite in aqueous solutions. The obtained AFM images show that the surface morphology of bastnaesite changes greatly after it contacts the solutions of the collectors, suggesting that all these collectors can effectively adsorb on bastnaesite. Increasing temperature can help increase the adsorption of oleic acid on bastnaesite. FTIR (Fourier transform infrared) results also show that all these collectors adsorb strongly on bastnaesite with a strong absorbance spectra being detected, which confirms with the results obtained with AFM imaging analysis. In general, hydroxamic acid collector (HA and SHA) adsorbs on bastnaesite mainly in the form of insoluble metal hydroxamate. This specific adsorption mechanism explains that a high selectivity with a moderate collectivity will be achieved with a hydroxamic acid collector for the flotation of bastnaesite. INTRODUCTION Rare earth metals, which are very important to modern industry, are generally extracted from numerous rare earth minerals. In practice, however, the actual extraction of rare earth is mainly from bastnaesite, monazite and xenotime. The Mountain Pass mine is one of the largest rare earth mine in the world, at which the main rare earth mineral is bastnaesite. In the past years, froth flotation has been applied to the beneficiation of Mountain Pass ore. In practice, the rare earth ore is usually crushed, milled and further separated from calcite, barite and other gangue minerals by froth flotation, in which the rare earth oxide-bearing minerals stick to aerated bubbles in the pulp and float to the surface, leaving the gangue at the bottom of the flotation cell and disposed of as tailings.(Bulatovic, 2010) In spite of the fact that froth flotation has been applied to treat the bastnaesite ore at the Mountain Pass mine, the rare earth oxide (REO) recovery is still low,(Anderson, 2015) especially compared to the one obtained with sulfide flotation. For example, the typical recovery obtained at the Mountain Pass mine was only about 70%. This may be due to the low selectivity of the collector (oleic acid). In addition, to enhance the flotation selectivity, the pulp in the mine circuit has to be heated up to 70 to 90°C and it involves a lot of energy consumption. Last but not the least, a lot of depressants have to be added to improve the selectivity of flotation process. Therefore, it is critical to re-examine the existing flotation process at the Mountain Pass mine and seek any chance of improvement. (Anderson, 2015)

Jan 1, 2019

Computer applications in mine 'production' planning and control are concerned with the here and now. In production planning and control we are dealing with tactics as opposed to strategy. Our objective is to make the best of the situation in the short term, i.e., in a relatively fixed environment with relatively fixed plant, equipment, and labor. Environmental factors include not only the geology of the deposit but also market factors (such as price) and governmental constraints and regulations. Mine production planning systems are applied at the interface between concept and execution. Mine production control systems are applied at the interface between execution and revised operating practices or a revised concept. Fig. 1 shows the information flow that takes place regardless of whether the planning and control systems are manual or automatic. The feedback that results depends on the feedback mechanism that has been established, and this feedback can be enhanced by careful systems analysis and design. Chronologically, production planning and control activities support the last in the series of line functions that are ordinarily performed by mining companies. The first of these is exploration, the second is evaluation and development, and the third and final function is production.

Jan 1, 1979

By E. A. Rychkun

It is essential for a. mining company to determine an optimal mining strategy which will maximize the return on investment. In the case of Placer Development Ltd., the Lerch-Grossman three-dimensional optimization technique has been implemented on a digital computer to assist in the determination of such a strategy. It is the purpose of this chapter to explain and illustrate the methodology of the Placer Development Ltd. computer system with emphasis on the feasibility phase of a mine's development. In the Placer Development Ltd. strategy determination process, it is essential that certain objectives be considered: 1) There must be some means of constructing a realistic computer model of an ore body which gives a significant weight to geological constraints. 2) Data must be accurate and quantifiable. 3) Computer solutions must be unique, i.e., approximation or iteration methods of determining optimal solutions are undesirable. A method must be used which, when given fixed parameters and data, yields a mathematically sound unique solution. The following material is a presentation of how these objectives have been implemented. The flow of this outline will be from the general to the specific, with an example application.

Jan 1, 1979

By Paul Chamberlin

Although performing a heap leach test is inherently simple, a lot of information beyond extraction, leach time, and reagent consumption can be obtained from a well designed test program. The following is a list of information to look for and acquire when performing column tests and field heap leach tests.

Jan 1, 1998

By Ronald E. Feltman

Most engineering firms engaged in the design and manufacture of milling components and systems have established, through the years, a relatively well defined system design procedure. The process design engineer has at his disposal several alternative approaches to the successful completion of this task. Unfortunately, while these alternatives, at first glance, appear to be rather straight Forward, any attempt to implement them into a fully integrated commuter design program becomes increasingly more complex when one addresses himself to the problem in total. This paper summarizes Kennedy Van Saun's approach to the solution of this problem through a planned system design. Following the problem definition and discussion, a detailed analysis and system design synthesis is presented; the major aim here being to provide a system design which may be programmed and run on a relatively inexpensive computer installation such as the IBM 1130 system currently in use at Kennedy Van Saun. A summary section is also included, which Provides a general outline guide to the program systems design of equipment which, while quite different from milling system functionally, nevertheless lends itself to the approach used in this paper.

Jan 1, 1969

By Ronald D. Hill

The occurrence of acid mine Drainage (AMD) with coal mining has been well documented. (1) Less documentation is available of its association with other types of mining, e.g., copper, gold, zinc, and sulfur. Yet there are many locations in the western states where acid mine drainage is as great a pollution problem as in Appalachia and in some cases, because of the high copper, zinc, and arsenic concentrations, they present an even more difficult problem. Until a few years ago, it was generally believed that the neutralization of acid mine drainage was uneconomical thus, AMD was allowed to discharge freely into our streams. However, the demand for good water finally dictated that the mining industry be included under pollution laws. In 1964 the Commonwealth of Pennsylvania passed a law requiring that all active mine discharges meet a discharge standard of pH 6-9, iron less than 7 mg/1, and the water must have a net alkalinity. Several other states now require active mines to treat AMD. In all but a few cases, lime neutralization, often in conjunction with aeration, has been the treatment method used. The high cost of lime as compared to limestone and the poor quality sludge, (slow settling, large volumes, and low solids content) has stimulated work in the utilization of limestone. This paper reports on the current state-of-the-art of limestone treatment of AMD.

Jan 1, 1970