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By A A. Ndiaye, A Galli

In a companion paper on current hedging practices in the mining industry (Armstrong et al, 2009) we showed that contrary to popular belief, mining groups are still using financial derivatives to hedge against foreign exchange risk and interest rate risk, and more recently against adverse changes in energy prices, notably the oil price. This paper presents a case study on a hypothetical gold mine to illustrate the impact that hedging policies could have on its profitability by reducing the downside risk due to adverse changes in the exchange rate and increases in fuel prices. The characteristics of the hypothetical mine have been set to reproduce those of a real gold deposit, the Kisladag mine that is currently being exploited by open pit methods in Turkey. This mine was selected because its feasibility study was available to the public. Geostatistical simulations are used to reproduce the inherent uncertainty on the recoverable reserves û stochastic simulations are used to generate the variability of the other three key sources of uncertainty: the gold price, the cost of energy and the exchange rate. A simple strategy based on straightforward vanilla options (puts and calls) was developed for hedging the last two risks, on the assumption that the company sells its production at the prevailing spot price.

Jan 1, 2009

By R. C. D. Phillis

The management of critical resource inventories is an important productivity lever and a significant risk factor?risk in the sense that poor resource availability lends itself to disempowerment of workers, unsafe work practices, wasted spending (high unit costs),and poor quality of work (including mining waste/rework). Most underground platinum mines experience lost blasts that directly lead to reduced productivity. In most surveyed shafts, 30% of lost blasts can be attributed to shortages of critical material and/or equipment. The problem is prevalent despite the existence of conventional transitory surface and underground stores. This paper discusses the introduction of buffer stores as a complementary materials storage system in order to improve health and safety in mines as well as reduce lost blasts. Both quantitative and qualitative results have shown that buffer stores result in dramatic improvements in productivity and are readily acceptable by stakeholders. Keywords Buffer stores, lost blast.

Jan 1, 2011

The Ministry of Commerce has been carrying out an evaluation of the resources of the Northwest Nelson region. In part this was to revisit the issues covered in the earlier proposal to close part of Northwest Nelson to mining under section 24 of the Mining Act (1971) initiated in 1990. In addition, the option of using GIS to integrate a variety of spatial data sets to aid policy formulation could be tested. The Northwest Nelson assessment would be a useful trial. The subsequent national park proposal provided a major impetus to the project and resulted in the scope of the study being broadened to include all energy and minerals resources.

Jan 1, 1993

Performance of Outotec FloatForce« Flotation Mechanism - A Study in Both Computational Fluid Dynamics and Industrial Scale Measurement

Sep 13, 2010

By R. L. Caldwell, E. E. Glenn, L. J. Norton, A. J. D. Straus, S. V. Holcomb, J. Zemanek

A new and unique logging tool, called the Borehole Televiewer (BHTV), has been developed to inspect boreholes and to evaluate formations. Even though geologists and engineers have had only about 3 years' experience with the BHTV, the thinking of many of them has been radically influenced by the fascinating and revealing "log-picture" recorded with the tool. The BHTV fills a need for a logging tool that can produce a direct and descriptive record of the physical properties of the borehole environment. Although primarily developed to evaluate fractured reservoirs, the BHTV has been used successfully to solve a variety of problems related to formation evaluation and borehole inspection. Geologists and petroleum engineers have been confounded for many years by the problems of locating and evaluating fractures. Interpretation of the usual resistivity, acoustic or radioactivity logs, as well as the analysis of cores, for evaluation of fractured reservoirs is extremely difficult and often not definitive. This is understandable since analysis of cores from fractured formations has reported variously: (a) low porosity, (b) no effective permeability, (c) lack of any matrix oil saturation and (d) oil stains on fracture planes as the only indications of potential production.14 In recent years acoustic amplitude logs have been introduced and used with varying degrees of success to locate fractures.8'9'11"13 Conventional amplitude logs at best give only qualitative answers where quantitative ones are desired. The logs reveal nothing of the orientation of the fractures. In addition to these logs, various types of cameras, television, and rubber impression packers have been used for borehole inspection. (See Appendix.) The BHTV logging tool supplies both the quantitative and the orientation answers about fractures. The borehole can be filled with any homogeneous, gas-free liquid such as fresh water, saturated brine, crude oil or drilling muds. This tool takes an "acoustic picture" of the borehole wall. The resulting log is a representation of the borehole wall as if it were split vertically and laid flat. The log is oriented with respect to magnetic north. Any physical changes in the borehole wall are seen as changes in picture intensity. In this way, fractures, deformation or pits are reflected on the log. Tool Description The fundamental parts of the BHTV are shown in Fig. 1. A piezoelectric transducer probes the borehole wall with bursts of acoustic energy. A flux-gate magnetometer senses the earth's magnetic field and provides the means for determining the orientation of the log. A motor rotates the transducer and mag-

Jan 1, 1970

By D. A. Bruce

The Deep Mixing Method is a very valuable tool for combating problems related to in situ soil treatment, improvement, and retention. Many different variations are used throughout the world, and there is a correspondingly rich technical literature on the testing and properties of the treated soil. This paper provides a synopsis of these aspects.

Jan 1, 2001

When defining a ?megaproject,? one need only to look at Seattle, WA?s State Route 99 Alaskan Way Viaduct replacement project. This $3.1-billion project is one of the largest of its kind in the world, and includes the use of the world?s largest tunnel boring machine (TBM). However, for as large as the Alaskan Way project is ? especially given the size of the TBM being used ? there are several other megaprojects underway around the world. Each has its own challenges that require innovative design techniques and financing arrangements, as well as variations on established tunneling technologies. So it was that 266 tunneling and underground construction professionals ? owners, contractors and engineers ? convened in Seattle in November for the Cutting Edge Conference on Megaprojects. This was the second joint meeting between the Underground Construction Association of SME and the North American Tunneling Journal. The first joint conference took place in April 2012 in Miami, FL and attracted 238 attendees. A third joint conference, to be held in 2014, is in the planning stage. The key reason Seattle was chosen as the site of the megaprojects conference is the Alaskan Way Viaduct project. Before the conference began, many of the attendees were able to visit the project and get a close look at Bertha, the Hitachi Zosen earth pressure balance TBM that is boring the tunnel. In addition, the conference included an exhibit that attracted 20 industry suppliers, up from 10 the previous year in Miami. The 25 presentations during the two-day conference covered all aspects of the tunneling and underground construction of megaprojects. Topics included the Alaskan Way Viaduct project; considerations for procurement and contracting; political risk, financing and insurance; international megaprojects; risk and risk sharing and project delivery. Each session concluded with panel discussions.

Dec 1, 2013

THE object of the present paper is to give a brief description of the metallurgical process followed by the Grand Junction Co, and the results obtained therefrom. All figures quoted are from the actual working of the plant over a period of six months from January to June, 1910. The short ton of 2000 lb. is used by the company. Its gold is valued at 84s. per oz. fine, silver at 2s. per oz. fine. The ore consists essentially of a gangue of quartz and calcite, with 8 to 10%sulphide-pyrite, sphalerite, galena, chalcopyrite, and traces of arsenic and antimony. The colmtry-rock is a highlyaltered dacite. Small stringers of highly-mineralized ore penetrate the footwall of some of the lodes, forming a valuable stockwerk up to 3 ft. in thickness. In stoping, this is mined with the well defined lode, thus bringing into the mill at times a considerable quantity of hard country-rock. The gold exists in an exceedingly fine state of division, consequently rendering it necessary to grind very fine to obtain a satisfactory extraction.

Jan 1, 1912

By Hae-Moon Choi, Sang-Don Lee, Chang-Ha Ryu

The purpose of the study presented in this article is to establish a standard blast pattern to yield optimum blasting performance along with an attempt to reduce a difference between design and construction. A series of test blasts were carried out at two tunneling sites of Central Inland Highway crossing in Korea. Long-hole blasting was tested in rock mass whose RMR value is over 60.The blasting results were evaluated by measuring degree of fragmentation, advance rate,muckpile distribution, overbreak, etc. Based on the results of test blast, several patterns were proposed for a two-lane highway tunnel.

Jan 1, 2006

By Thomas M. Barczak

The intent of this paper is to make mine operators and engineers aware of parameters which affect the loading behavior of passive roof support systems. The strength of a passive roof support element alone is not a meaningful measure of support performance. Passive roof support elements and the surrounding strata act as a system, responding to changes in the physical mine environment due to the extraction of coal and associated redistribution of stresses. The load- ing of a passive roof support element is a function of the stiffness of the roof support structure; a stiffer structure will react a higher load to a converging mine roof than will a more flexible structure. If the stiffness if the support structure is not properly designed, excessive loading will result due to the displacement of the mine roof, causing premature failure of the support. Ideally, the yield strength of a passive support needs to be no greater than that required to support the dead weight of the immediate mine roof, providing the post yield characteristics of the support are compatible with the irresistible convergence of the overburden strata and the support system continues to provide this resistance after reaching its yield load. Idealized design considerations for passive roof support systems in terms load-displacement characteristics discussed. The stiffness and yield characteristics of wood concrete cribbing, as determined controlled tests in the Bureau's Roof Simulator, are compared preliminary recommendations passive roof support utilization also provided.

Jan 1, 1987

Experiments on High Efficiency Separation of Mixed Plastic Wastes by Vortex-Tube Separator

Sep 13, 2010

On the 26th of June 2000 a hydraulic fill retaining barricade failed at the Bronzewing mine in Western Australia. The barricade failure resulted in the release of 19,000 m3 of saturated hydraulic fill into the mine and caused the deaths of three miners. Following this tragic accident, the practices and procedures of mines using hydraulic fills came under intense scrutiny by regulatory bodies and mining companies. At this time, the use of hydraulic fill at Normandy?s zinc/copper Scuddles mine was suspended and waste rock became the sole backfill material in use underground. By 2003, development of the adjacent Gossan Hill mine had progressed to a point where a self supporting fill material was required to enable full recovery of high grade ore. Cemented hydraulic fill (CHF) was identified as the optimal fill type and work began on designing appropriate management procedures and controls to ensure the safe implementation. This work included definition of the fill properties, plant design and construction, reticulation system design, design of stope barricades and drainage systems and fill placement control and monitoring practices. CHF placement began on 16th July 2004 and has continued to date. Significant operational experience has since been gained in areas including plant performance, fill product quality assurance, barricade construction, stope drainage and in-situ performance.

May 1, 2007

Equipment-washing facilities at Freeport-McMo-Ran?s Sierrita Mine in Arizona produce a mixture of oil and water that was difficult to dispose of easily or cheaply. However, after some changes in the facility, waste oil is now used as part of the mining process. Freeport-McMoRan Copper & Gold Inc., head-quartered in Phoenix, AZ, operates copper, gold and molybdenum mines. It is the world?s largest producer of molybdenum. Heavy equipment used at the mine is hosed off periodically in the wash bay. The dirty water and oil mixture drains into the sump next to the bay. Oil was manually collected for disposal. This was a tedious and dirty process Mine managers sought a more efficient method of removing the oil. Instead of spending the time and effort skimming the tank with vacuums or sorbents, they enlisted the help of Abanaki Corp., manufacturer of the Model 4 Oil Grabber. Engineers designed the sump to utilize prevailing winds to blow the oil to one corner. This was the ideal place for the Abanaki skimmer. The skimmer removes the oil and discharges it into a plastic storage container. ?This reduces the time needed to keep the area clean, and the staff can focus on cleaning the equipment rather than worrying about the oil,? according to Jay Salerno, construction manager at the Sierrita Mine. Salerno is considering adding an optional oil concentrator to the skimmer to make the process even more efficient. The concentrator would remove any water picked up by the belt and return it to the sump, leaving nearly pure oil for disposal. Because the mine is located in the Sonoran desert, most of the water evaporates in the hot, dry air and is not reused.

Jan 1, 2009

The Stawell Goldfield, the westernmost of the main Victorian fields, has produced over a million and a quarter ounces of gold from one and three-quarter million tons of ore. The lodes are quartz reefs and sulphide bodies occurring in sediments of lower Ordovician or upper Cambrian age. The lodes are confined to a relatively narrow suite of weak rocks lying between stronger ones above and below and there is a definite relationship between fold structure, pitch and strength of folding and ore.LOCATION HISTORY AND PAST PRODUCTIONThe town of Stawell, situated 150 miles north-westerly from Melbourne on the main railway and road to Adelaide, is the most westerly of the main gold areas of Victoria. Alluvial gold was found at Pleasant Creek (now Stawell West) in 1853 and the usual "rush" followed. Numerous alluvial leads, some surface, others buried under up to 100 ft. of Tertiary sediments were worked. The alluvial gold was soon exhausted, but in 1857 gold-bearing reefs were found on the slopes of a prominent ridge on the northern edgeof the present town. Early reef mining was by small working parties mining to shallow depths only and treating their ore at public crushing plants. Some of the early returns were very high grade. The next stage was the amalgamation of claims and the formation of companies, with their own treatment plants. This stage continued till the last mine closed in 1921. These companies had, by present standards, small holdings and far too many shafts were sunk, resulting in less efficient prospecting and operation.Since 1921 there have been one or two small scale attempts to revive mining but without success. Of recent years Gold...

Jan 1, 1960

By Shuvranshu K. Rout, Anup K. Mandal, Biswajit Das, Manos De

"To adopt new technology advancement in Steel Plant, there is a requirement of shifting of operation process from Coke Wet Quenching (CWQ) to Coke Dry Quenching (CDQ). New CDQ chamber foundation with deep basement and underground conveyor tunnel are to be constructed in an operating plant where heavy foundations and structures are located in close proximity. Furthermore, the existing CWQ system will be in operation during new underground construction and erection. Challenges to deep excavation of tunnel and chamber foundation consist of non-uniform ground condition, prevent washing out of soil from bottom of existing foundations, stability of existing nearby structures, presence of large number of underground utilities, ensuring safe underground workplace to construction resources engaged in new construction work along with project schedule and budget constraints. A combination methods involving use of soil nailing, soil grouting, contiguous bored pile and micro pile had been adopted for protection of excavation sides as well as existing structures. Each side of excavation in different stretches were analysed during design as well as construction stages. The use of combination of all techniques in a single brown field project in context of the nature of site constraints and safety issues made this a unique project.INTRODUCTIONSteel Industry is one of the backbones of industrial growth of any developing country like India. Due to increasing land prices most of the steel plants in India are expanding within their existing plant facilities. In addition to that, there is demand of adoption of new technology for future expansion projects to set new benchmarks with global standards.The property owner had earlier installed a Coke Wet Quenching (CWQ) for their Coke Plant. Now, there is a requirement from process department to proceed with Coke Dry Quenching (CDQ). To facilitate the CDQ within the existing CWQ which will be in operation is the main challenge for the property owner. The second challenge is the limited space for underground construction and subsequent equipment erection within the stipulated time frame.From a geotechnical prospective, the project team had uncertainty and reservations in their mind about the construction methodology. Therefore, the role of three “C”: ‘Consultant’-‘Client’- ‘Contractor’ and their combining brainstorming is essential to freeze a working plan for achieving the goal. In this paper, only the excavation support systems for underground foundation structures have been highlighted in the context of solving geotechnical problems."

Jan 1, 2017

By Kurt Oakes, Paul Worsey, Braden Lusk, Tony Brasier, Scott Crabtree, Randy Wheeler

Theoretical description of destructive wave interference and the use of sacrifi cial holes is included and is supported by data collected at Springfi eld Underground. Finally, the process by which the reduction in vibration was achieved in practice is described. Results are discussed for several production blasts taking place over a one year period.

Jan 1, 2008

By Christopher Mark

Severe dynamic multiple seam interactions can occur when active mine workings are subsided by underlying mining activity. The most dramatic events are usually caused by longwall mining or pillar recovery beneath open, overlying entries. But pillars in abandoned workings can also fail and cause subsidence and damage an overlying mine. This paper describes a case history in which an apparent ?pillar squeeze? in the abandoned workings of a lower seam was initiated during retreat mining in an upper seam. The event subsequently extended more than 1,500 ft and ultimately closed the upper seam mine. Analysis indicated that the pillars in the lower mine were adequately sized for the lower seam mining and were not affected by the initial development above them. When retreat mining in the upper seam had progressed several hundred feet, however, the pillars located directly beneath the pillar line were overloaded, and an extensive squeeze initiated in the underlying workings. The squeeze, in turn, subsided the overlying workings, causing widespread rib falls and roof instability. Previous examples of dynamic multiple seam interactions resulting from delayed subsidence of underlying workings have been reported in the literature. This is, apparently, the first recorded incident in which pillar recovery in an active mine triggered pillar failure in an underlying mine, which then triggered a dynamic interaction that impacted the active overlying seam.

Jan 1, 2012

Supplement to Proceedings Number 120, December, 1940. Drawings accompanying paper by T M Carey 'The Surface Plant at the Zinc Corporation Mine, Broken Hill'

Jan 1, 1940

By J-P Franzidis

A study was undertaken to determine the effect of five industrial frothers on the relationship between entrainment recovery and water recovery. The experiments were conducted using a Batequip rectangular 60 liter steel cell which was run in parallel with the first cell in a copper/silver prefloat rougher circuit. The concentration of the frothers ranged from 2.5 g/ton to 8.4 g/ton. The experiments were repeated at three different froth depths. A power function was found to fit this relationship with no discontinuity in the relationship caused by the changes in frother type and concentration and froth depth.

Jan 1, 2000

By Oy Leuangthong

Red Dog mine is the world's largest Zn producer. The deposit consists of sulphide ore zones in sedimentary exhalative (sedex) deposits, and is characterized by the presence of multiple metals and multiple ore types. The objective of the case study is to characterize seven different minerals, Zn, Pb, Fe, Ba, sPb, Ag and TOC, within eight different rock types. Geostatistical models were constructed for each variable within the eight rock types, and subsequently assembled to give 40 realizations for six 25ft benches. The stepwise conditional transformation was used to account for the complex multivariate relations. In addition to reproducing the input data, histogram and variogram, the resulting models also respect multivariate relations locally and globally. This paper documents the methodology to construct these models. A thorough validation procedure was implemented. Comparisons with blasthole data show that the conditional simulations and the long-term models agree in expected value. The main advantages of the conditional simulations are (1) the explicit accounting of multivariate relations between the data in model construction, and (2) the ability to quantify variability and uncertainty at any scale. A small exercise comparing the profit from a kriged and a simulated model is also examined. Results show that the simulation approach showed a 3% increase in profit, relative to the conventional estimation approach.

May 1, 2004