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By Ö. Erdem

The investment decision making process in the insurance and finance industries is affected by new advances such as simulation techniques. These advances have improved the discounted cash flow method (DCF). In DCF, a dynamic and flexible model construction is not possible because it does not consider uncertain conditions. Each project should be evaluated taking into account the related uncertainties because the related uncertainties determine the characterization of the project. Related uncertainties can be processed in dynamic DCF, which is applicable to both financial and non-financial industries with different kind of uncertainties, such as power generation and petroleum projects. The dynamic DCF method can estimate net present value (NPV) while managing related project uncertainties with a simulation method like Monte Carlo Simulation. The simulation method is preferred because its output is unbiased. Therefore, a more realistic financial evaluation of the project can be concluded. In spite of the improvement of dynamic DCF, this project evaluation method is not used frequently in mining industry. However, the mining industry is ideally suited to this concept because it is highly dependent on estimations such as orebody size and ore grade. During the project evaluation stage, these uncertainties can be included with the dynamic DCF method. This study aims to contribute to increasing the usage of this method in mining projects. A copper reserve in Turkey is selected as a case study to apply uncertainty assessment for the evaluation of NPV.

Jan 1, 2012

By Emmanuel Henry

Few industries are more challenged by technical, political and market uncertainty than the mineral industry. Technical uncertainty in mining projects concerns the volume and quality of the resource, the processing and metallurgical parameters, the production efficiency, etc. Political uncertainty can take diverse forms and includes possibilities of change in the taxation system, risk of expropriation and risk of social instability or war. Market uncertainty depends on the market structure of the commodity; price and demand volatilities are the most common sources of market uncertainty. Intensive feasibility studies including these uncertainties and risks are required before investing up to billions of dollars in the development of a new mine. Current feasibility studies are often based on a single (or very few) mean geological scenario and simplified price profiles along the life of the project. Yet, strategic decisions, for example, the level of investment in exploration and metallurgical studies, adoption of a flexible, but more costly, mine design and risk-sharing strategies are made at an early stage. Over the last twenty years, Real Option theory has emerged as a unifying framework enabling strategic planning under uncertainty (technical, political and market). Geological and market variances (second order statistics) are pivotal for proper uncertainty quantification. The present study explores the possible benefits of combining modern geostatistical tools and financial techniques for project management. More precisely, the following questions are examined: Is geological uncertainty really an issue? Can we combine geological and price uncertainties in a unifying Real Option framework? A simple example aimed at illustrating the concepts involved is presented.

May 1, 2003

By C. F. Gleeson, D. G. Sheehan

"The results of humus and overburden geochemical surveys over the Doyon, Bousquet and Page-Williams gold ore deposits are presented.These studies show that humus sampling for gold gives negative results over the Doyon deposit. The lack of response is probably caused by the presence of 1 m of relatively impermeable glaciolacustrine clay and silt that overlies 1 m to 2 m of till over the surface expression of the ore zone. By contrast, positive responses for gold occur in humus samples over the Page Williams A and C gold deposits. The ""A"" ore zone is covered by several metres of exotic calcareous till over 0.5 m to 1 m of older, locally derived till. Anomalous values for gold in humus range from 10 to 35 ppb over the orebody. Overburden over the ""C"" ore zones is much thinner, generally it consists of less than 2 m of sandy till. Trenching humus anomalies that range from 10 to 1360ppb Au uncovered the gold mineralization. The geochemical dispersal trains in till from the Doyon orebody and the Page-Williams ""A"" zone are relatively short (i.e. less than 200 m) because both deposits occur in the lee of bedrock highs that shielded them from extensive glacial quarrying. Dispersal trains from all three pyritic gold deposits can be defined using either the fine fraction or heavy mineral fraction of the till.The intensity of the gold in till anomalies over the ore zones is variable. Therefore, it would be misleading to attach rigid significant threshold gold values to overburden drilling results. Each case must be evaluated based on bedrock topography, sample density, overburden type, thickness of till, as well as size, type and orientation of the target exposed to glacial erosion."

Jan 1, 1987

By K. Aoki, Y. Mito, S. Shirasagi

The authors developed the TBM Excavation Control System (the TBM Navigator), in order to realize the advanced observational construction. During the excavation using this system, the rock strength value is immediately calculated from the TBM driving data as an index of rock properties, and the drill energy coefficient is also calculated from the drill logging data that is carried out using the probe hole ahead of the tunnel face. In this study, a new, geostatistical simulation-based method is proposed for the automatic prediction of the rock properties ahead of the tunnel face with good precision, using both the drill logging data and the TBM driving data. The applicability of this method is validated through the prediction at the actual tunnel excavation that passes through the faults. Les auteurs ont mis au point un Système de Contrôle de forage avec la machine à pleine section (Navigateur de la machine à pleine section), en vue de réaliser un système de surveillance plus efficace. Avec ce système, la résistance de la roche est immédiatement calculée, au cours du forage, à partir des données de conduite de la machine, comme indice des propriétés de la roche, et le coefficient d'énergie de la foreuse est également calculé à partir des données de log de forage collectées dans un trou de sonde foré dans le front de taille. Dans cette étude, on propose une nouvelle méthode basée sur la simulation géostatistique qui permet de prévoir d’une manière automatique, des propriétés de roches se trouvant derrière le front de taille avec une précision satisfaisante, à l’aide des données de log de forage et celles de conduite de la machine à pleine section. Cette méthode s’est avérée suffisamment précise au cours du forage d’un tunnel réel qui traversait une zone de failles. Die Autoren entwickelten das TBM Ausschachtungssteuerungssystem (den TBM Navigator), um noch besser überwachte Bauarbeiten zu ermöglichen. Unter Einsatz dieses Systems wird die Gesteinsfestigkeit während der Ausschachtungsarbeiten unmittelbar aus den TBM Antriebsdaten als ein Index für die Gesteinseigenschaften berechnet. Gleichzeitig wird auch der Bohrenergiekoeffizient aus den Bohrlogdaten berechnet, die an Hand der Probebohrung am Stirnende des Tunnels erhalten wurden. In der vorliegenden Studie wurde ein neuartiges, auf geostatistischen Methoden basierendes Verfahren für die automatische und angemessen genaue Vorhersage der Gesteinseigenschaften am Stirnende des Tunnels vorgeschlagen, für das sowohl die Bohrlogdaten als auch die TBM Antriebsdaten verwendet werden. Die Anwendbarkeit dieser Methode wird durch die Vorhersage bei einer tatsächlichen, durch Verwerfungen verlaufenden Tunnelausschachtung bewiesen.

Jan 1, 2003

The reduction of zinc from slags by a molten, carbon-saturated bath was examined in a laboratory study under conditions of continuous slag feeding. The results show that it is possible to reduce the bulk of the zinc from the slag before there is a net reduction of iron. However, the recovery of zinc was not as high as in batch tests performed in an earlier study. Lead in the slag was reduced simultaneously with the zinc to very low levels and was volatilised. Copper in the slag was reduced and dissolved in the alloy. An attempt was made to identify potentially commercial ways of treating zinc slags using an iron bath. The approaches that appear to have the greatest potential are reduction in a batch process using electrical heating and reduction in a continuous process with co- or countercurrent flow of the slag and alloy. In the latter the alloy would be prepared in a separate furnace before being contacted with the slag. The purpose of this would be to superheat and carburise the alloy so that no additional heat or reductant would have to be supplied in the slag-alloy reactor

Jul 1, 1991

By John P. Turner

The behavior of tieback retaining walls depends on many factors, including soil properties, groundwater conditions, construction sequence, spacing and stiffness of tiebacks and soldier piles, tieback loads, and others. The primary design considerations for tieback walls are 1) adequate stability and 2) limiting wall movements. Traditional design methods rely on apparent earth pressure diagrams and experience to predict the forces which must be supported by the tiebacks to provide adequate stability. The required soil properties depend upon whether the soil is sand, soft clay, or stiff clay. Design to limit wall movements is more difficult and the usual approach is to design the wall with an adequate factor of safety for stability and then evaluate wall movements during construction through the use of load tests on individual tiebacks and monitoring of wall movements by optical surveying, slope indicators, and extensometers. If excessive movements are likely to occur, it is often not known until construction is well underway. This approach is reflected in the fact that few tieback walls fail due to a lack of adequate stability, while most litigation involving tieback wall performance is related to excessive movements. Much progress has been made in recent years in methods for predicting the movement of all types of insitu retaining walls (Clough et al. 1989, Clough and O'Rourke 1990). These methods are based upon both experience and analytical methods. This paper reviews the methods currently available for evaluating both the stability and movements of tieback retaining walls. Case histories involving excavations constructed in the downtown Seattle area are used to evaluate the applicability of the available methods to Seattle conditions and to illustrate the importance of soil behavior in tieback wall performance.

Jan 1, 1990

By M. Vallée

"Geological and technical problems are often considered the most important ones affecting new mining projects. Typical problems and likely causes are reviewed based on current Quality Management and Continuous Improvement (QMCI) perspectives, giving particular attention to the work of W.E. Deming. As the “system approach” is an essential part of these policies, its characteristics are described with particular attention given to cultural- behavioural, organizational and systembased constraints described by J. Gharajedaghi. Given that poor communication and interaction among geologists, mineral processors and mining engineers/operators can seriously affect the adequacy of tests, project planning and execution, and mine profitability, these interrelated processes within the mining systems are analyzed and modelled. The impacts on models and simulations of ignoring typical data, information and knowledge uncertainties are addressed. Adapting W.E. Deming’s Fourteen Points, System of Profound Knowledge and insistence on leadership, and the analysis of mining system constraints, will allow the effective QMCI approach required to reduce geological and technical risks. Whenever we achieve this goal, we will be in a better position to overcome environment-, market-, finance- and community-related problems, achieve higher company and industry profitability as well as more sustained development. RÉSUMÉLes problèmes géologiques et techniques sont souvent considérés les plus importants parmi ceux qui affectent les nouveaux projets miniers. Des problèmes typiques et leur causes sont étudiés dans la perspective de gestion de la qualité et d’amélioration continue (GQAC), en relation avec les travaux de W.E. Deming. Comme l’approche système est au centre de ces méthodes, ses caractéristiques sont décrites en donnant une attention particulière aux contraintes de types culturel-comportemental, organisationnel, et systémique décrites par J. Gharajedaghi. Compte-tenu que les lacunes dans les communications et les interactions entre géologues, minéralurgistes, et ingénieurs/opérateurs miniers peuvent affecter sérieusement la validité des essais, de la planification et de l’exécution des projets ainsi que la rentabilité des exploitations, ces processus connexes font l’objet d’analyse et de modélisation. Les impacts sur les modèles et les simulations de l’incertitude des données, informations et connaissances sont soulignés. En adaptant au système minier les Quatorze Obligations et le Système de connaissance approfondie de W.E. Deming ainsi que l’analyse des trois types de contraintes, nous pourrons développer une approche GQAC permettant de réduire les risques géologiques et techniques des projets miniers et des exploitations. Ceci nous pemettra de mieux faire face aux problèmes reliés à l’environnement, aux marchés, au financement et aux conditions sociales, d’améliorer la rentabilité des exploitations minières et de l’industrie, tout en contribuant de façon accrue au développement durable."

Jan 1, 2003

By Oliver Bowles

Sandstone, a widely distributed siliceous sedimentary rock, is the third most popular building stone in the United States. It is formed by the breaking down of preexisting rocks by weathering, subsequent segregation of the detrital quartz grains into discrete deposits by the sorting action of water or wind, and finally cementation of the quartz sand into a coherent rock. The homogeneity and resistance to weathering of the resultant sandstone make it suitable for exterior construction. Its excellent wearing properties explain its popularity for flagging and stair treads. However, quarrying and dressing methods and costs are adversely affected by the abrasiveness and hardness of sandstone especially as compared to limestone.

Jan 1, 1963

By W. P. C. Duyvesteyn, B. J. Sabacky

Reprinted with revisions from Extractive metallurgy of copper, nickel and cobalt, volume I: Fundamental aspects. ed. Reddy R.G., Weizenbach R.N. Warrendale, Pennsylvania: The Minerals, Metals and Materials Society, 1993. Development work on the Escondida process, concluding with the successful operation of an integrated leach-SX-EW pilot plant and a pilot flotation plant for the upgrading of leach residues, demonstrated that all major process objectives could be achieved. Extraction of 40% of copper in concentrates containing monovalent copper was achieved with essentially no oxidation of sulphide sulphur. The Cu contents of leach residues from four different types of concentrate were successfully upgraded to the original feed grades, giving a product that has potential as a high-quality concentrate for the smelter market. A compact solvent extraction section effectively recovered the ammonia lixiviant for recycling to leaching and selectively transferred Cu into a conventional acid sulphate electrowinning system. High-quality "six-nines" copper cathode was produced on commercial-scale stainless steel blanks, demonstrating that the process will be able to compete effectively in the premium cathode market

Dec 1, 1995

By John Trefny

Although mining is currently one of the smallest academic units on the Colorado School of Mines(CSM) campus, it is alive and well, with nearly 100 undergraduate and graduate students. For many years, Mines has had undergraduate and graduate programs in hard-rock mining. The school has recently transferred its physical mineral processing activities to the Mining Department. The program has also expanded to include tunneling, underground construction and industrial minerals. There are current discussions about increased research activities on cement and other construction materials. The Mining Department also teaches its share of what is called the “distributed core” courses with curricular requirements common to related programs, as well as mining safety and health, in conjunction with our continuing education department.

Jan 1, 2002

By D. Michael Holloway

The California Department of Transportation (CALTRANS) evaluated several pile foundation schemes for supporting the structures along the realignment of Interstate 880. The project replaces the double-decked (Cypress) viaduct collapsed in Oakland, California during the 1989 Loma Prieta Earthquake. Structural support demands led to the selection of steel pipe piles (16-, 24-, and 42-inch-(406-, 610- and 1067-mm-)diameter), filled with concrete and steel reinforcement. Deep penetrations required through layers of very dense/cemented sands in some locations, caused serious drivability and pile integrity concerns. The need for large pile driving hammers and large diameter steel pipe piles pushed the engineers well beyond local experience. Such questions as the feasibility of driving the pipes closed-ended through dense upper strata and quantifying the effects of installation on the long-term capacities of the piles led Caltrans to develop a comprehensive pile test program to address the design and construction issues effectively. The results were furnished to prospective bidders on the production stages of the ensuing contracts.

Jan 1, 1995

By Philippe Angers

This article analyzes the social acceptability process of a mining project located in an existing city. It will explore how the principles of sustainable development have been integrated in the project of the Canadian Malartic open pit mine held by the Osisko Mining Corporation, and the corporate social responsibility (CSR) initiatives proposed to strengthen the social acceptability of the project. This mine is located on the ancient south quarter of Malartic and has required the displacement of hundred of houses and five institutions. The location and the inherent social impacts generated by the relocation of the citizens of the south quarter makes this case particularly interesting to understand social dynamics in an era of environmental consciousness. These major constraints of the mine generate high expectations within the urban population with regard to the social and economic benefits it will receive from the project. In a context where society demands higher CSR from the corporation, Osisko is closely followed regarding their actions toward the sustainable development principles to see if they respect the environment and the desires of the community. From the beginning, the company had to be a model of sustainable development in various aspects reflected by the manifold interest of the population. To understand the endeavor made by the company to fulfill the demand of CSR, we will analyze how the company understood sustainable development principles and what CSR initiatives Osisko company put forward. We will explore the involvement of the company in various social aspects like employment, employee satisfaction, and the level of commitment to non-discrimination policy in employment, notably with the native populations. We will also take a closer look at the relationship built by the company with the community and the level of commitment with the various stakeholders of the community. In this way, we will be able to seize the level of involvement of the company in the fulfillment of the principles of sustainable development toward a higher CSR, and to specify the trajectory adopted to build social acceptance.

Aug 1, 2013

By Donald R. Johnson

Apparatus providing simultaneous differential thermal analysis, thermo-gravimetry, and evolved gas analysis, has been developed by the Bureau of Mines specifically for thermal study of oil shale and other solid, natural fuels. The apparatus is described in detail, and simultaneous analyses on a single sample of an oil shale mineral, nahcolite, and a thermal analysis demonstration compound, calcium oxalate monohydrate, are presented to demonstrate the instrument's capabilities.

Jan 1, 1970

By R. Cao

Geostatistics was initially developed in the mining sector, but has been extended to other geoscience applications, including forestry, environmental science, soil science, and petroleum science and engineering. This paper presents methods, workflows, and pitfalls in using geostatistics for hydrocarbon resource modelling and evaluation. Examples are presented of indicator variogram analysis of categorical variables, lithofacies modelling by sequential indicator simulation and hierarchical workflow, porosity modelling by kriging and stochastic simulation, collocated cokriging for integrating seismic data, and collocated cosimulation for modelling porosity and permeability relationships. These methods together form a systematic approach that can be effectively used for modelling natural resources.

Jan 1, 2014

By M. Hooman, W. M. Marx, R. C. W. Webber-Youngman

This paper discusses a study that investigated different underground bulk air heat exchanger (>100 m3/s) design criteria. A literature review found that no single document exists covering all design criteria for different heat exchangers, and therefore the need was identified to generate a guideline with decision analyser steps to arrive at a technical specification. The study investigated the factors influencing heat exchanger designs (spray chambers, towers, and indirect-contact heat exchangers) and the technical requirements for each. The decision analysers can be used to generate optimized, user-friendly fit-for-purpose designs for bulk air heat exchangers (air cooler and heat rejection). The study was tested against a constructed air cooler and heat rejection unit at a copper mine1. It was concluded that the decision analysers were used successfully. This tool (decision analysers) can be used by engineers for the efficient and cost-effectively design of heat exchangers.

Jan 1, 2015

Remarks of Mr. Robert W. Hunt, General, Superintendent, Albany and Rensselaer Iron and Steel Company., Troy N. Y.—In discussing Dr. Dudley's two most interesting papers, I feel a natural hesitancy in disagreeing with conclusions formed after such careful and conscientious work. But I think he has made his deductions from too meagre premises. The analyses of but twenty-five samples are entirely too few to justify the establishment of so important a formula. When we consider that he indirectly proposes to regulate an interest amounting, even at the present low prices, to over $20,000,000 per annum, we may well hesitate before accepting a formula based upon the chemical and physical analyses of but twenty-five steel rails. Dr. Dudley touches the keynote in referring to the proposed labors of the Government Test Commission. They based their hopes of attaining success upon the chemical and physical analyses of a very large number of samples, and in the only branch of investigation which the short-sighted policy of Congress has allowed them to complete, i.e., chain cables, we find that a dozen, twenty-five or one hundred tests gave no satisfactory results. It was only after many hundreds that they were enabled to' draw conclusions. There are so many circumstances hearing upon the life of a rail, that the task of extracting a correct result seems herculean. I presume I am right in stating that in our Northern latitudes early winter and spring months witness the breaking of the greatest number of rails, thus seeming to prove that an unstable road-bed has much to answer for. Then, again, broken and flattened wheels must be taken into account, but I am convinced that more rails have been broken by the treatment which they received before leaving the rolling-mill

Jan 1, 1879

Remarks Of Mr. Robert W. Hunt, General Superintendent, Albany And Rensselaer Iron And Steel Company., Troy N. Y. - In discussing Dr. Dudley's two most interesting papers, I feel a natural hesitancy in disagreeing with conclusions formed after such careful and conscientious work. But I think he has made his deductions from too meagre premises. The analyses of but twenty-five samples are entirely too few to justify the establishment of so important a formula. When we consider that he indirectly proposes to regulate an interest amounting, even at the present low prices, to over $20,000,000 per annum, we may well hesitate before accepting a formula based upon the chemical and physical analyses of but twenty-five steel rails. Dr. Dudley touches the keynote in referring to the proposed labors of the Government Test Commission. They based their hopes of attaining success upon the chemical and physical analyses of a very large number of samples, and in the only branch of investigation which the short-sighted policy of Congress has allowed them to complete, i.e., chain cables, we find that a dozen, twenty-five or one hundred tests gave no satisfactory results. It was only after many hundreds that they were enabled to draw conclusions. There are so many circumstances bearing upon the life of a rail, that the task of extracting a correct result seems herculean. I presume I am right in stating that in our Northern latitudes early winter and spring months witness the breaking of the greatest number of rails, thus seeming to prove that an unstable road-bed has much to answer for. Then, again, broken and flattened wheels must be taken into account, but I am convinced that more rails have been broken by the treatment which they received before leaving the rolling-mill * The remarks of the participants in this debate have been written out by the speakers, and are here given without any attempt to retain the order of the dis¬cussion. While the report does not, therefore, preserve the vigor and spontaneity of the debate, it is believed that it gains in value by giving the matured views of the speakers. The continuation of this discussion at the Pittsburgh Meeting, May, 1879 (beginning with remarks of Mr. Cloud on page 401), is appended for convenience of reference.-T. M. D., Sec'y

Jan 1, 1879

By Mutombo Nombe, Avimanyu Das, Rick Honaker

Enhanced gravity separators (EGS) provide a more efficient separation than froth flotation when cleaning coal in the 150 x 25 µm particle size range. To improve the performance of an EGS unit, air bubbles were injected into the feed stream in an attempt to decrease the apparent density of the coal particles due to the formation of bubble-coal particle agglomerates. Air injection had a significant impact on operating characteristics and separation performance. Coal recovery was increased by 10 to 20 absolute percentage points while a 2 percentage point drop in the minimum product ash content was also achieved.

Jan 1, 2005

From the time of its establishment in 1910, the Federal Bureau of Nines has studied the carbonization of coal, and a considerable part of this effort has been devoted to investigations in the so-called low-temperature carbonization range, 450° to 700° C., in which there is minimum decomposition of primary products and maximum yield of Liquids - a yield two to threefold the amount produced in high-temperature carbonization at 900° to 1,200° C, The solid residue, char, or coke, produced in low-temperature carbonization is 70 to 80 percent of the coal charged and may be used directly as a smokeless fuel or for blending with coals to produce metallurgical coke, Although some thought was given to the use of tar and to the illuminating value of gas derived from lm-temperature carbonization, the main emphasis in early work of the Bureau of Mines was on the preparation of smokeless fuel, especially for home use, For example, a carbonizer was designed and operated for making char and briquets from North Dakota lignite without recovery of by- products; however, the shortage of high-temperature coal-tar products in the United States during World War I had already indicated the potential usefulness of low-temperature tar.

Jan 1, 1959

By Paul Hughes

This paper summarizes current underhand paste backfill mining as applied to Goldcorp Inc?s Red Lake Mine, Newcrest Mining Ltd?s Kencana Mine and the Lanfranchi Nickel Mine as well as ongoing research at the University of British Columbia?s Norman B. Keevil Institute of Mining Engineering. The Red Lake Mine utilises a 6 m wide undercut with a 2 MPa unconfined strength paste in order to selectively mine its high grade, high-stress orebody. Kencana?s orebody is located in a poor rock mass environment. An 8 m wide, 2 MPa unconfined strength paste sill allows a safe working condition for its high grade orebody. The Lanfranchi Nickel Mine utilises a cable-supported, 2 MPa paste, with 12 m span sills, to optimize the mining of the squeezing rock mass. This paper details the rock mechanic hazards, ground support techniques, paste practices and unique conditions for each mine. Further, an update of ongoing research at the University of British Columbia, focussing on the optimization of safe mining in underhand cut-and-fill mining in high-stress/weak rock masses, is presented.

May 1, 2011