Search Documents

By J. W. Thomson, H. J. Lloyd, R. J. Taylor

"THE HOLLINGER MINE has been producing gold and by-product silver almost continuously for forty-eight years. The value of current production is $10,000,000 annually from one million tons of ore. Its management •has, particularly over the past decade, increasingly . concerned itself with the problem of profitable operation in a time of steadily rising costs and a fixed price of gold. At one period in the life of the mine, before World War II, production resulted in yearly profit margins that were stable and relatively thick. In winning gold from a series of inconsistent vertical ore lenses, operating management was much better protected than it is today against a general rise in cost or dip in grade of ore. The tissue-like thinness of present-day margins demand more careful handling. A sharp rise in costs, if protracted, could easily rip the tissue to shreds and close down the business. The counter-measure of raising grade and gutting the mine would bring on the end perhaps more rapidly, without having contributed much to the recovery of our national re-sources, nor to community welfare. The alternative is to keep costs under control."

Jan 1, 1960

By H M. Ahmed, W S. Dunbar

Construction of cave mining systems requires significant capital expenditure and long-term commitment of human, equipment and material resources before production commences. Risks and uncertainties of these large-scale mining projects are significantly higher than for small-scale projects. This is due to the complexity and interactions of the construction schedule components and the large scale and uniqueness of such projects. One way to successfully manage construction uncertainties that would lead to schedule delays is to include a reasonable cost contingency in the budget estimation. A real options approach based on the least-squares Monte Carlo (LSM) method is used to estimate cost contingency associated with schedule uncertainty in mass mining projects. Cost contingency is estimated as the cost of potential project crashing (acceleration) decisions, which pays for not extending the schedule. While such a significant undertaking is expected to be subject to some delays, these can have an enormous impact on the economic value of such projects. The value of the crashing option was explicitly formalised into the process of valuation, as it is assumed to be a single option being considered in the valuation at every decision point prior to the construction completion date. As a part of the proposed method, a stochastic function for the percentage of remaining scope of work for the remaining duration of the entire project was integrated into a framework of numerical simulations. This ensured that this function can implicitly account for sources of schedule uncertainties for projects represented by multiple and overlapping work packages. The LSM method was applied to a real case scenario in an operating block cave mine, with modified scale and features. The results yielded by the LSM method indicated that significant changes in capital budget allocation stem from variation in a contractor’s risk perception and confidence level of estimated delays.CITATION:Ahmed, H M and Dunbar, W S, 2016. Budget estimation and contingency allocation of block cave construction using least-squares Monte Carlo real options, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 801–808 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By Pedro C. Carneiro, Luiz G. I. Maciel

"This article presents data of advance and excavation rates in tunnelling works, and how theseactivities interact with the duration and cost of a contract. These key parameters, after analysis andsynthesis, will be used in coming works to ensure the evolution and adaptation of the method created by the Norwegian University of Science and Technology - the NTNU Method - to Brazilianconditions, which will be reflected in the duration and cost of underground drill and blast tunnellingworks."

Jan 1, 2016

By A. J. Paul Laprairie

"ADVANCE planning of mining methods, from the first development openings to stope layout and pillar recovery, has long been accepted as a normal method of operating a mine. Recently, mine managers have become increasingly aware that advance planning of cost and accounting controls can also be considered a normal method of operation. The use of such controls is wide-spread in manufacturing industries. In mining, the gold mines of South Africa have pioneered, with marked success, in this field and have been closely associated with most of the research and field work in accounting control. Canadian mine managers are also beginning to realize the advantages of using planned costs. The control procedures which subsequently have been introduced at various mines have come to be known by such names as ""Responsibility Costing"" or Budgetary Control"".Budgetary control, the term used in this paper, is based on the concept of decentralized authority with centralized control. ;The control is achieved by measuring results against yardsticks which are in the form of budgets or standards. Bud-gets are made for the future activities of each possible operation as planned by the department head, and attention is directed to variations from this plan. Furthermore, the control process charges to each operation only those costs which are incurred directly for that operation, and which can be controlled by the person in charge. Thus, budgetary control relates results to the officials responsible for those results. Expenditures are analyzed according to the organizational structure of the mine and the people who run it, and not according to production processes."

Jan 1, 1960

By Jacob T. Wainwright

This stove has been designed to meet the requirements of a fur nave that must be operated with either a reducing or a neutral flame ; and more particularly to make feasible the operating of re duction-furnaces with the cheaper grades of gas-fuel, which has heretofore been impracticable. In general, cheap gas-fuels result from incomplete combustion, and, being suited for further combustion, answer very well for heat ing purposes; and high temperatures may be attained with them, when they are used in conjunction with regenerative stoves. But, in operating a reduction-furnace, a high temperature is not the only requirement. It is also necessary that the fuel shall not be cansumed beyond a certain degree, in order to insure a re ducing flame for the reduction-process ; consequently, it becomes necessary to dispense with combustion as much as possible previous to the use of the fuel-gases in the reduction-furnace. Moreover, these gases must be preheated to a high degree, in order that a sufficient temperature may be maintained in the furnace; and, since this preheating cannot be accomplished by a previous, partial combustion of the gases themselves, it follows that the stoves for pre heating these gases should be heated to as high degree as it is pos sible to attain with an inferior fuel. This result can best be accom plished by complete combustion of the heating gases, and is further facilitated by preheating all of the air and gas used for this com plete combustion. It is more particularly desirable to preheat the air, since the combustible gases used may generally be obtained directly from the furnace, or gas-producer. The reducing gases, escaping from a gas-fuel reduction-furnace, are capable of considerable further dilution with air to secure com plete combustion, and consequently may be utilized for heating the stove to a high temperature, provided the air be sufficiently preheated.

Jan 1, 1889

By H. O. Hofman

INSTITUTE OF TECHNOLOGY, In deternlining experimentally the fusibility of clays, two kinds of methods may be distinguished—the direct and the indirect. Of the direct methods, that of Seger has found

Jan 1, 1899

By Richard E. Chism

The dry methods of assaying mercury-ores and other combinations of mercury all rest upon the volatility of this metal as a beginning. After the separation of the mercury in the form of vapor from the matrix upon which the assay is performed, the mercurial vapors are either condensed upon cold surfaces or received upon a gold plate into which the mercury is absorbed.

Jan 1, 1899

By F. V. Greene

This paper is based on my experience in the use of asphalt, for paving and other purposes, during the last ten years, part of the

Jan 1, 1889

Jan 1, 1899

Edgar Hall, Tenterfield, New South Wales (communication to the Secretary): Mr. Klepetko* asks for information showing at what percentage antimony and arsenic, as impurities, begin to affect injuriously the quality of brass.

Jan 1, 1899

O. S. GARRETSON, Buffalo, N. Y.: If I may judge from the half-tone illustration engraved from a photograph of this medal and accompanying Dr. Prazer's paper, I do not think the cast ing is exceptionally fine. I have often made castings of simi lar character which I think were equally good. For instance, I have taken a coin, moulded it directly in fine sand, and cast from it in Scotch (or the equally good, if not better, Ameri can Scotch ") foundry-iron a copy quite as sharp and smooth as the original. The secret is in using very fine sifted sand. In fact, I have used for this purpose the dust which had accumulated on the beams overhead in my foundry, riddling it with a very fine sieve before using it. ['NOTE BY THE SECRETARY.—After the session at which these remarks were made by him, Mr. Garretson cast at his Buffalo foundry, in the presence of a number of members of the Institute, copies of the bronze pin furnished to visiting members by the Local Committee of the Buffalo meeting. The accom panying illustration, Fig. I, has been reproduced from a photograph of such a casting, made in green sand, under the conditions of ordinary foundry-practice, and not subsequently polished in any .way. I can also certify that the photo graphic negative was not touched, to improve its clearness of definition, before the production of the " half-tone" plate from which Fig. 1 has been printed. As, in the case of the Kytchtym medal, it was the thin, ribbon-like sprue, rather than the low-relief features of the medal itself, which indicated the fluidity of the metal and the sharpness of the casting, so in this work of Mr. Garretson it is the long and slender pin which offers the strongest evidence of these qualities. It is scarcely neccssary to point out that the filling in the mould of a long and nar row opening, such as this pin presents, is the severest test that could be imposed upon the casting, and that the sharpness of the point of the pin in the casting is striking evidence of the success with which this test has been met. The Pittsburgh Testing Laboratory .has made for the American Manufacturer measurements of this casting and an analysis of the sprue. The thickness of the main casting is from 0.049 to 0.068 inch. That of the tag bearing the stamped number is 0.024 inch. The analysis, which represents the iron ordinarily employed by Mr. Garretson for thin castings, is as follows :

Jan 1, 1899

J. M. HARTMAN, Philadelphia, Pa.: Mr. Fackenthal can remember some queer things that occurred at Durham, Pa., Aug. 3, 1876, while he was superintendent. The furnace was working stiff, i.e., blast-pressure 10 to 11 pounds, which was high pressure for those days. With this pressure there was some circulation through the stock. At 9 p.m., flushed cinder. After flushing, air was thrown off' for a moment to " bot up "; the keeper turned the lever and threw on air just as the scaffold dropped, which eased up the pressure to 4¼ pounds. The air-receiver is twice as large at Durham as at other places. The air from this receiver, added to the two seven-foot blowers, gave an extra large volume, which, rushing into the furnace, fired the finely-divided carbon, causing an explosion that threw part of the stock in the furnace out into the open air, threw up the bell-and-hopper with the tunnel-head plates, and gave off' a large volume of carbondust. The bell-and-hopper going up first, the stock followed, and, striking the bell-and-hopper, was deflected in a shower over the cast-house roof, breaking the slates. Sitting at the corner of the engine-house at the time, the stock pelted me, when I ran around the corner to get rid of it. Remembering there were two men at the furnace-top, I shut down the engines, and, running to the top, found them sitting in the hoist-house enjoying the fire-works. The explanation of this explosion is simple. There is in the blast-furnace a bed of fuel extending up, say, 16 to 18 feet above the tuyeres; in this bed of fuel some stray pieces of limestone are found, and a few pieces of unreduced ore; but, generally speaking, it is all fuel. On this bed of fuel is the zone of fusion. In this zone the descending stock is liquefied, except the fuel; the iron, melting, drops out of the ore, and the gangue unites with lime, forming cinder. The iron falls in the form of shot, and, with the cinder, trickles

Jan 1, 1899

PROF. COURTENAY DE KALB, Kingstou, Oat. (communication to the Secretary): It. may be due to some lack of carefulness in expression that Mr. Upham seems to imply that there

Jan 1, 1899

By William Braden

In view of the current discussion of a proposed change in the United States mining law, abolishing the feature known as the extralateral right of a lode-location, it is an interesting circumstance that in the neighboring Province of British Columbia this feature was tried for eight years and then abandoned. The results of that abandonment have been such as to disprove the proposition, so confidently advanced by many

Jan 1, 1899

By Bertrand S. Summers

The technologist who has devoted much attention to the foundry-business will perhaps have noticed that the present scientific development of foundry-practice is in a condition similar to that of the steel-business some twenty years ago. In many cases chemistry is looked upon with suspicion, and the old cutand-try-methods are still in vogue, especially in the smaller foundries. The larger works have laboratories and more extensive means for applying science, and have devoted considerable time and attention to the improvement of foundry-practice. This is more especially true in the East, although in the West there are numerous firms devoting considerable attention to improving their metllods through the application of chemistry to work in the iron-foundry. It is hardly necessary to dwell extensively upon the effects of the different metalloids associated with iron, in pig- or castiron, in the way they are given in most text-books. The writer has thought proper to consider more particularly new developments in eupola-practice, particularly those pertinent to the discussion of the physics of cast-iron. In this connection some new ideas which recent practice has developed will be mentioned, and some results of practical tests along the same line will be described. Yet it has been deemed advisable also, by way of introduction, to outline the effects of the metalloids as they are described in most text-books, without going into detail. The question is sometimes asked, What is the most important element governing the quality of cast-iron 'for any particular purpose ? It would seem that right here lies the basis for the greatest difference of opinion. Some twenty years or more ago, silicon was regarded by foundrymen as one of their worst

Jan 1, 1899

By Frank Firmstone

When in charge of the Glen don Iron Works, the importance of good methods of filling was forcibly brought to my attention, and it occurred to me that the first step toward the discovery of the best plans was the accumulation of exact information as to the distribution actually effected by various chargers; also, that something could be done in this direction by careful measurements in the furnace, to be afterwards recorded for comparison on drawings. The figures shown herewith have been prepared from such measurements, and nearly all of them refer to Glendon, where the fuel used was anthracite and the ore-mixture about threequarters of New Jersey magnetic ores and one-quarter of brown-ores from the vicinity of the works. Every occasion furnished by the blowing-in of furnaces was utilized, but the data accumulated rather slowly in this way; and, opportunity oEering to make special trials at no great expense, the figures from 2 to 7 were thus obtained. The trials were made by dumping a hopperful (6 barrows) of material at once into the furnace, and, when all the fuel of a round (12 barrows) had been put in, the profile of the upper surface was obtained by stretching a steel tape across the top on a diameter and at a known height. By measuring down from this with a graduated rod, the profile was easily obtained with sufficient accuracy, especial pains being taken to get correctly the crests of the ridges and the bottoms of the hollows, as many intermediate points being included as seemed necessary. This was repeated on another diameter when there was occasion. The same course was followed for the limestone and ore.

Jan 1, 1899

By Fred P. Dewey

The product of the Muirkirk, Md., furnace has always enjoyed a very high reputation for strength ; and this is supported not only by its behavior in practice, both alone and in mixtures, but also by the following series of tensile tests, made at various times during the last fourteen years: South Boston Iron Co., November loth, 1874. Strength. Pounds Grade. per square inch. Density. No. 3,....... 30,685 7.2794 No. 4,....... 35,140 7.2713

Jan 1, 1889

By T. A. Rickard

The interior of West Australia is an arid table-land, elevated 1400 feet above the sea. This plateau is flanked to the south by the Tertiary limestones which fringe the Great Australian Bight. It is bordered northward by the Carboniferous beds of the Fitzroy river and westward by the granite of the Darling hills, while to the cast this wide area, about 900 miles square, slopes downward imperceptibly into an undulating plain of sand, which stretches with dismal persistence across the boundary of South Australia. The waters of the ocean receded from this tract of land long ago; it is probably the oldest landsurface on the globe, and represents the basal wreck of a much larger continent. Fig. 1 is a map of this region. The Coolgardie and Kalgoorlie gold-fields are situated in the southwestern part of the region. The rock-formation consists of granite penetrated by diorites and andesites. The latter are occasionally associated with tuff's, which have been readily mistaken for sedimentaries. There are no fossil-bearing rocks, such as would afford a datum-line from which to measure the relative geological age of the prevailing formation. On the extreme edges of the mining territory there are, it is true, remnants of sand-rock which are considered identical with the " Desert Sandstone " of Queensland, determined by Daintree to be of Mesozoic age. But even this formation has evidently been laid down so long subsequent to the underlying rocks that it serves merely to emphasize their much greater antiquity. In their characteristics and in their relations to each other, the granite and the diorite of the Coolgardie region appear to me much to resemble the Laurentian granite and the Huronian

Jan 1, 1899

By William B. Phillips

It would be hard to find a mineral region that has been more beset with " processes" for the extraction of gold from auriferous sulphides than North Carolina. And it would be hard to find a mineral region less sought by capital. So many promising mines have come to grief here (perhaps because they were too "promising"), SO many "processes" have been tried and abandoned, so much expensive machinery has been bought and thrown aside, that to invite money here for investing in gold mines is almost sure to cause a smile of incredulity, or a sigh of disappointed hopes. Within the writer's personal knowledge, at least five disastrous failures have followed the introduction of as many processes. It would seem as

Jan 1, 1889

By E. M. Rogers

In hoisting from shafts of considerable depth, the dead weightdue to the accumulating length of cable is an important element, and has

Jan 1, 1889