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By FREDERICW K. BRADLE

I HAVE been puzzled by two lines of thought'; one emanating from Washington, D. C., to the effect that we must all cheer up, that in a very short time, measured in terms of months, prices would begin to recover, business would become normal, and prosperity would continue on its way just as before the interruption of a year ago; and a second, coming from certain industrialists and economists, expressing fears that all commodity prices were in for a long downward trend, which would cause much unemployment, eventually drag down wages and so restrict purchasing power as to further aggravate the situation. One basis for the fear of a downward trend in commodity prices' is that ifter great wars a depression could last for something like 40 years-the downward trend to such a depression after our recent World War having been postponed for some reason or other; and the basis for another fear was that the production of gold was becoming less. I had 'also been trying for some time past to refresh my recollection as to how my ow11 particular lead interest climbed out of the depression of 1893; and as all the metals have had, and still have. relative values and prices, I can best express what I have in mind by talking principally about lead.

Jan 1, 1930

By L A. Martinez Tipe, J McKibben, S Barry

"Metal prices are central to a mineral investment decision and have a profound impact on the financial performance of companies in the mining industry. At its most basic level, metal prices are influenced by the disequilibrium between international metal volume supply and demand. That is, the commodity price is a regulator that equates international metal supply and demand where inventories act as a buffer between the emergence of this disequilibrium and its dissolution through a price change.From this viewpoint, mining companies are required to forecast metal and bulk commodity prices when evaluating minerals projects through discounted cash flow (DCF) analysis. While supply-demand models are instructive, many companies use historical prices, spot prices, futures/forward pricing and consensus opinion (or a combination of all of these) to develop price forecasts.This paper discusses the definition, fundamentals and differences between futures/forward and consensus pricing and the appropriateness of each in a DCF model for mine project economic evaluation.Our results demonstrate that great care is required when using either futures/forward or consensus pricing and that the decision to use one rather than the other requires consideration of other important elements in the DCF model (ie the risk-adjusted discount rate).CITATION:Martinez Tipe, L A, McKibben, J and Barry, S, 2016. Metal prices and the differences between forward and consensus pricing – which one is better for use in a discounted cash flow model?, in Proceedings Project Evaluation 2016, pp 149–158 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

By Y. X. Yang

Bottom ash is a solid waste stream in a Waste-to-Energy (WTE) processing plant during the combustion of the municipal solid waste (MSW). In the Netherlands, bottom ash contains typically about 18% metals originated from the MSW, and current industrial practice could recover about 10% metals through magnetic and eddy current separators. The remaining 8% as the finer particles is difficult to recover through current physical separation technology. Among various alternatives, vitrification is one of the promising options to immobilize the ash and recover the remaining metals. During vitrification a homogeneous glassy slag and a Fe-Cu based alloy were obtained. In the cur-rent study, the metal alloy recovered from the bottom ash originated from a Dutch Waste-to-Energy plant contains about 82 wt% Fe, 12 wt% Cu and 6 wt% other alloying elements and impurities such as C, S, P, Ni etc. The generated alloy does not have direct commercial applications, and separation of copper from iron-based alloy is critical to obtain the market value of both copper and ferrous constituents. To find a suitable processing route of this metal alloy, various alternative approaches have been considered for an efficient removal of copper from the alloy, and the focus in the present study was on the sulphide treatment at elevated temperatures of 1400 ~ 1500oC. The tested sulphide systems include pure FeS, FeS containing sulphide mixture (such as Na2S and Al2S3), pyrite (FeS2) mineral, ZnS containing sludge as an industrial waste. It was found that the carbon saturation of the alloy is proved to be an essential condition for a proper phase separation. The results showed that FeS mixed with Na2S, ZnS containing sludge and pyrite are effective sulphide systems for copper removal with a removal efficiency of 92% by using pyrite and 95% by zinc sludge at a S/Cu ratio of around 7 times of the stoichiometry. The copper content drops from 12 wt% to about 2 wt%. However, it is still difficult to remove copper completely from the alloy in a single step, and a multi-step operation is needed. The present research is expected to contribute both to the utilization of the metal recovered from bottom ash, and to the general recycling of steel scrap where copper removal from the steel scrap is a critical issue.

Jan 1, 2014

By A. Janwong

Ion exchange technology is becoming more prevalent for metal recovery from low concentration solutions. The products of ion exchange are typically a metal free stream (product stream) and a concentrated metal stream (byproduct). The metals in the concentrate stream are usually precipitated and returned to the process or discarded. The unique features of emew® technology enable metals to be recovered directly from the concentrated stream. The advantage of the IX-emew® combination is the ability to have two product streams: 1) clean metal free solution and 2) metal product for sale. In addition to recovering metals from solution, it is also possible to separate metals from each other and recover more than one metal product. In this paper, examples of IX-emew® combinations are detailed including the recovery of copper, nickel and cobalt from an industrial waste stream, recovery of nickel from a spent electroless nickel plating solution and recovery of cobalt from an hydroxide cake.

Feb 23, 2014

By Patricia A. Wells

In the remelting of scrap, the ultimate goal is to produce clean aluminum while minimizing metal losses. Recently, it has become more difficult to make significant recovery improvements in Reynolds' Reclamation Plants since metal recoveries were nearing the theoretical maximum. In an effort to gain a better understanding of the factors impacting Reynolds remelting process, a series of experiments using a Taguchi-type design was performed. Specifically, the critical variables and interactions affecting metal recovery of shredded, delacquered Used Beverage Containers (UBC) melted in a side-well reverbatory furnace were examined. This furnace was equipped with plunger-style puddlers and metal circulation. Both delacquecing and melting processes operated continuously with downtime only for necessary mechanical repairs. The experimental design consisted of an orthogonal array with eight trials, each using nominal 500;000 lb shred charge volumes. Final recovery results included molten output and metal easily recovered from dross generated during the test.

Jan 1, 1995

A modified Cuprex Metal Extraction Process (CMEP) leach process was used to extract Cu. Ni and Co from a complex sulphide concentrate. The standard leach was modified to a two-stage countercurrent leach which provided emf control of the copper SX feed and minimized iron dissolution. A flowsheet was developed to recover the base metals and silver from the leach solution and gold and platinum group metals from the leach residue which was predominantly elemental sulphur. Techniques required to maintain an iron balance in the system including pressure oxidation and solvent extraction are described.

Jan 1, 1996

By D. K. Steele

The U.S. Bureau of Mines has investigated the recovery of metals from copper industry wastes by sulfuric acid leaching in a semi-continuous, bench-scale system to solubilize arsenic, copper, and molybdenum. Leach residues contained approximately 40 wt pct PbSO4, suitable for processing at a lead smelter. Arsenic and molybdenum removal from leach solution was examined using solvent extraction with tri-n-butyl-phosphate (TBP), and copper was subsequently recovered by cementation. Bleed electrolyte from a copper refinery was determined to be a viable source of acid for the initial leach stage.

Jan 1, 1991

A novel process is being developed for metal recovery from waste electrical and electronic equipment involving a leach reactor coupled to an electrochemical reactor. Metals such as Ag, Au, Cu, Pb, Pd, Sn etc. are dissolved from shredded electronic scrap in an acidic aqueous chloride electrolyte by oxidising them with aqueous dissolved chlorine species. In the electrochemical reactor: (i) chlorine is generated at the anode for use as the oxidant in the leach reactor, and, simultaneously, (ii) at the cathode, the dissolved metals are electrodeposited from the leach solution. The extended Butler-Volmer equation was used to provide predictions of the electrode potential dependences of partial current densities and, hence, total current densities, current efficiencies and alloy compositions for acidic aqueous chloride electrolytes containing Ag(I), Au(III), Cu(II), Pb(II), Pd(IV) and Sn(IV) species, together with dissolved chlorine. With judicious choice of kinetic parameters, the predicted total current density ? electrode potential behaviour of such solutions was in good agreement with experimental data for a rotating Pt disc electrode. Reduction of dissolved chlorine at a Pt rotating disc electrode exhibited mass transport controlled behaviour, in agreement with Levich?s equation over the potential range 0.3-0.9 V (SHE). This could form the basis of a linear sensor, possibly using a microelectrode for measurement and control of the dissolved chlorine concentration in the efflux of leach reactors and inlet to electrowinning reactors in the envisaged process.

Jan 1, 2003

By K. S. Gritton

The U.S. Bureau of Mines has investigated methods for extracting metals from a variety of arsenic-containing smelter flue dusts. One proposed flowsheet includes a sulfuric acid leach, a cooling step to precipitate hydrated copper sulfate, and a reduction-precipitation of As2O3. Arsenic extractions greater than 90 pct were achieved, while copper extraction ranged from 50 to 85 pct under the conditions examined. Copper was removed from the leach solutions by crystallization followed by SO2 precipitation of arsenic which resulted in a 98 to 99.9 pct As2O3 product. Other metals, such as lead and zinc, were concentrated in the leach residue or in other byproduct streams for recovery of their valuable metal contents.

Jan 1, 1990

By Carla Lupi

NiMH sealed cells (portable cells) are today widely used in all consumer applications replacing primary alkaline batteries: wireless mobile communication, portable computers and camcorders, are the largest application segments. The Italian market. of NiMH cells is steadily growing, following the impressive penetration rate of the cellular phones. The organization of a national collecting system and correct recycling process are the key factors to prevent environmental impact associated to these wastes, while the metal values recovery can improve the feasibility of the recycling process The University of Rome, Texeco Engineering S.d, and MO.SMO.DE. S.a.s. have developed a combination of mechanical and hydrometallurgical processing to recover Nickel, and Cobalt salable products and rare earths intermediate products. A new plant located in South Italy, designed after this technology, is able to recycle waste Ni-MH batteries collected in the Italian territory, together with other industrial and portable batteries based on different chemistries. The process is able to treat both individual cells and plastic power packs and includes as basic steps an original crushing and elutriation treatment to separate plastic, metallics, and active mass components that are subsequently treated by a hydrometallurgical process to recover Ni, Co, and RE. The hydro metallurgical main steps are: acidic leaching, RE separation, multistage precipitation of Ni, Co and Fe and final solvent extraction on dissolved Ni and Co salts. For each operation the operative condition have been determined.

Jan 1, 2000

By S. Mostaghel, Fariba Azgomi, Steven Goodman, M. Oliazadeh

"It is known that copper loss to the slag phase can be in the forms of chemical dissolution and mechanical entrainment. The contribution of each mechanism to the total Cu-loss depends on different parameters and may vary significantly. To reduce emissions to the atmosphere and to shorten the converting cycle, most industrial processes are aiming at production of high matte grades. Increased oxygen-to-sulfur potential, required by these processes, results in a highly oxidized slag, which in turn leads to an increased concentration of the chemically dissolved copper in the slag phase. Hence, slag cleaning processes are becoming increasingly important for economic viability of the smelting operations. Hydrometallurgical, pyrometallurgical, and mineral processing routes have been used for copper recovery from slag. The current article reviews a trade-off study evaluating two of the commonly used methods (namely flotation and electric slag cleaning furnace) by comparing the technical pros and cons, operability/maintenance requirements, and capital/operating costs of the operations.INTRODUCTIONLarge volumes of smelter and converter slags are produced by copper smelters around the world. It is estimated that for production of each ton of metal 2.2 tons of slag is produced (Gorai, Jana, & Premchand, 2003). Considering the current pressure on the mining and metals industry for “zero-waste, sustainable and environmentally friendly” extraction of metals, it is absolutely essential for metal producers to improve their efficiencies in order to remain competitive. To meet these objectives, almost all metal producers, from steelmaking plants, ferroalloys, base and precious metals producers, are trying to reduce their metal losses to the slag phase. In particular, copper producers are aiming to produce higher matte grades in their smelting furnaces to reduce the converting time and improve their overall throughput. Copper smelters need to minimize their copper/precious metal losses to the slag phase before final landfilling/use of slag. The current article, therefore, briefly reviews the copper loss to the slag phase, methods of metal recovery from the slag and then presents a trade-off study conducted for a green field flash smelter of the sulfide concentrates. A comparison was made between two of the major process routes for metal recovery from slag, namely slag cleaning furnace and flotation."

Jan 1, 2016

By R. H. Hanewald

The INMETCO process has been modified so as to recover nickel. chromium and Iron from a wide variety of metal containing waste-streams. This now includes the recovery of metals from spent acid solutions such as chromic acid etching I1quids. nJcke1 and chromium plating solutions; stainless and superalloy pickling solutions. etc. In addition. hazardous electric furnace stainless steel and. superalloy baghouse bags can be processed so as to recover the valuable metall1cs. A detailed review of the above new recovery techniques w1ll be discussed as well as the current operating methods used at INMETCO.

Jan 1, 1992

By X. Xiang, W. Xia, J. Yin

"TiCl4 slurry containing valuable metals is an unavoidable by-product of the titanium ore chlorination process. The recovery of these valuable metals, which include titanium, niobium, tantalum, and aluminum, is an urgent issue to tackle in the titanium industry. The results of this investigation show that the valuable metallic elements can be recovered from the slurry by evaporation in a sealed container and leaching with dilute hydrochloric acid. After evaporation at 200°C for 60 minutes, nearly 99% of the titanium was recovered in the form of TiCl4, which was formed by the reaction of the TiO2 in the slurry with AlCl3. After evaporation, metals like niobium, aluminum, and tantalum remained in the residue. By leaching with 2.1 mol/L HCl at a L/S ratio of 6:1 mL/g at 80°C for 60 minutes, the soluble metals, such as aluminum, iron, and copper were all removed from the residue, and the niobium and tantalum were further enriched in the leach residue. A concentrate containing 53.40 wt% Nb and 5.57 wt% Ta was obtained by washing the leach residue with dilute aqueous ammonia under stirring. A potential waste water purifying agent containing 263.75 g/L AlCl3 was produced by purifying the leaching solution with Al(OH)3 and modified polyacrylamide. IntrodutionTitanium tetrachloride (TiCl4) is an important intermediate in titanium metallurgy that is widely used in the production of titania and titanium sponge (Akhtar, Xiong, and Pratsinis, 1991). In conventional titanium metallurgical processes, high-titanium materials such as synthetic rutile and high-titanium slag are reacted with chlorine to produce TiCl4 in a fluidized-bed furnace. Accompanying elements, such as Al, Nb, and Fe also react with chlorine to form chlorides, which are mixed with gaseous TiCl4 (Anderson, 1917). In the condensation process, gaseous TiCl4 is refrigerated and high-boiling-point chlorides are precipitated in the liquid TiCl4 to form a slurry containing 50~60 wt% TiCl4 (Wang, Xiang, and Wang, 2012).Various methods have been proposed to recover TiCl4 from the slurry, including microwave heating and spray drying (Wang, Xiang, and Wang, 2012, Wang et al., 2010a). To date, the only way to recover the TiCl4 is to return the slurry to the fluidized-bed furnace. However, this causes fluctuations in the temperature in the furnace, resulting in incomplete reaction between titanium-rich materials and chlorine. Therefore, the slurry is often rinsed with water and neutralized by adding lime, which caused serious environmental pollution and wastes a valuable resource (Roy, Bhatt, and Rajagopal, 2003)."

May 1, 2019

By Eric J. Grimsey

Nickel smelting and converting can be viewed as processes in which iron is either partitioned or transported between matte and slag. Metal recovery depends on the mass of iron transported to slag, the thermodynamic environment in which the transport is made, and the extent to which the slag, once formed, is left in contact with the matte. The importance of these effects is discussed with reference to a new equation which describes metal recovery in terms of a mass balance and a thermodynamically related parameter which is easily measured in practice.

Jan 1, 1993

By Yoshihiko Maeda

It is said that the 21st century will be an era of the remedy of the global environment. In order to reserve natural resources for the future and to avoid the dispersion of heavy metals after usage and to avoid pollution problems, it is extremely important to recycle heavy metals as much as possible by reasonable recovery procedures. The nonferrous metal industry is expected to play a important role in the recycling of heavy metals that are originally their products. From the depressed metal price experienced in Japan in 1980'h due to the sudden change in current exchange rate between US dollar and Japanese yen, one of major nonferrous metal company, Dowa Mining, has diversified its business area not only to the so-called down stream, but also to the environmental business including metal recycling, industrial waste treatment and soil remediation by utilizing technologis and facilities once used or still used for mining and smelting of copper, zinc, lead and precious metals. In this paper some of these applications will be presented.

Jan 1, 2003

By Yoshihiko Maeda

It is said that the 21 st century will be an era of the remedy of the global environment. In order to reserve natural resources for the future and to avoid the dispersion of heavy metals after usage and to avoid pollution problems, it is extremely important to recycle heavy metals as much as possible by reasonable recovery procedures. The nonferrous metal industry is expected to play a important role in the recycling of heavy metals that are originally their products. From the depressed metal price experienced in Japan in 1980th due to the sudden change in current exchange rate between US dollar and Japanese yen, one of major nonferrous metal company, Dowa Mining, has diversified its business area not only to the so-called down stream, but also to the environmental business including metal recycling, industrial waste treatment and soil remediation by utilizing technologies and facilities once used or still used for mining and smelting of copper, zinc, lead and precious metals. In this paper some of these applications will be presented.

Jan 1, 2003

By R. W. Brigstocke

History The birth of the mining industry of Canada took place about 1670. According to Salone (Salone E., La Colonisation de la Nouvelle France, page 205) the first discovery of ore in the country was made by an iron-master, Monsieur de la Potardiere, near Trois Rivieres, Quebec. Under French rule some prospecting was done; but at this time no one seemed to consider the working of mines practicable. It was not until the time that Begon became Intendant, when the Marquis of Vaudreuil was Governor, that mining was attempted. Begon was a patron of industrial arts and did his best to promote home manufactures. The mining industry was developed under his regime and discoveries of copper and lead ores were made in 1730. About this time the St. Maurice Forges were erected to treat bog-iron ore, and they were in operation for many years. Prior to 1747, iron pans to the value of £21,000 were manufactured, together with bar-iron and plough-shares. About 1769, that is, ten years after the conquest by Wolfe, stoves and other articles, and, later, potash kettles, appeared. What is still more interesting to us-or was, at least, to General Wolfe-is that cannon balls made at the St. Maurice Forges delayed his operations. A map dated 1744, a copy of which appears in the report of the Ontario Bureau of Mines for 1913 (Vol. XIX), indicates the extensiveness of the wanderings of the French and also shows the location of the lead mine on the east shore of Lake Timiskaming. Bog-iron ore was turned into metal, with charcoal for fuel, at Norman-dale, Norfolk county, Ontario, in 1813, and at Clementsport, Nova Scotia, in 1825. In a volume published in 1672, reference is made to the occurrence of coal on the Atlantic seaboard, and in 1677 Monsieur Duchesneau, the Intendant, levied a royalty of twenty sous per ton on all coal taken from Cape Breton.

Jan 1, 1932

By Robert van Hille, Alison Lewis

The precipitation of a selection of metals from both a synthetic and an actual metal-rich effluent was investigated. The experimental aspects of this study were carried out in a two-stage process consisting of a pre-treatment clarifier and a fluidised bed (pellet) reactor. Each unit operation in the two-stage process was investigated separately. The pre-treatment clarification stage at pH ˜ 5 resulted in a 99.9% removal of iron and 97.3% removal of aluminium. The pellet reactor was used to precipitate nickel as nickel carbonate from a pure stream and a removal efficiency of 99.6% was achieved. The high local supersaturation at the reagent inlet points caused the formation of a large amount of fines, but these agglomerated onto the pellets up the length of the bed. For copper precipitated as copper sulphide from a pure stream, a maximum removal efficiency of 92% was achieved. The high local supersaturation at the reagent inlets also caused the formation of a large amount of fines, but the extremely sparingly soluble nature of copper sulphide meant that the fines were not agglomerated up the length of the bed. For removal of cobalt as cobalt carbonate from an actual stream, a stable cobalt removal of only 60% was achieved. This was found to be due to the presence of magnesium, which reduced the cobalt precipitation efficiency through the formation of the magnesium bicarbonate ion.

Jan 1, 2003

By D. J. Chaiko

Aqueous biphasic extraction (ABE) processes offer the potential for low-cost, highly selective separations. This countercurrent extraction technique involves selective partitioning of either dissolved solutes or ultrafine particulates between two immiscible aqueous phases. The extraction systems that we have studied are generated by combining an aqueous salt solution with an aqueous polymer solution. We have examined a wide range of applications for ABE, including the treatment of solid and liquid nuclear wastes, decontamination of soils, and processing of mineral ores. We have also conducted fundamental studies of solution microstructure using small angle neutron scattering (SANS): In this chapter we review the physicochemical fundamentals of aqueous biphase formation and discuss the development and scaleup of ABE processes for environmental remediation.

Jan 1, 1996

By J. Gartelmann, B. Zaslavsky, Y. Vojta, D. J. Chaiko, W. Mego, A. N. Rollins

"Aqueous biphasic extraction (ABE) processes offer the potential for low-cost, highly selective separations. This countercurrent extraction technique involves selective partitioning of either dissolved solutes or ultrafine particulates between two immiscible aqueous phases. The extraction systems that we have studied are generated by combining an aqueous salt solution with an aqueous polymer solution.We have examined a wide range of applications for ABE, including the treatment of solid and liquid nuclear wastes, decontamination of soils, and processing of mineral ores. We have also conducted fundamental studies of solution microstructure using small angle neutron scattering (SANS). In this chapter we review the physicochemical fundamentals of aqueous biphase formation and discuss the development and scaleup of ABE processes for environmental remediation.IntroductionAqueous biphasic extraction (ABE) is a highly adaptable separation technique that can be used in a wide range of applications. We have been evaluating various types of ABE systems for possible applications in the treatment of solid radioactive wastes (1,2), liquid nuclear wastes (3,4), and contaminated soils (5-7), and in the removal of organics from aqueous salt solutions (8). We have also conducted fundamental studies of the solution microstructure of ABE systems using small angle neutron scattering (SANS) (9).The extraction systems are generated by combining an aqueous salt solution and an aqueous polymer solution. This produces two distinct liquid layers that are as immiscible as oil and water, yet each liquid layer contains at least 70 to 80 wt % water. The biphasic systems that we have been working with consist of immiscible polyethylene glycol (PEG) and salt solutions. Some inorganic salts that promote biphase formation with PEG solutions include the sodium/potassium salts of sulfate, carbonate, phosphate, and hydroxide (10)."

Jan 1, 1996