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By C. Musingwini, A. S. Nhleko

"Since the Global Financial Crisis (GFC) in mid-2008, capital has been more difficult to access. Mining projects must contend with projects from other industries for scarce capital. A decision to invest available capital in mineral projects requires that valuation be conducted to assess the expected return on the projects. The discounted cash flow (DCF) analysis is generally applied for the valuation of mining projects, whereby future cash flows are discounted to present value using an appropriate discount rate. The discount rate significantly affects the outcome of a valuation. Economic and finance theory provides tools to calculate discount rates. The discount rate must account for factors such as the risk and stage of development of the mineral project; hence the appropriate discount rate to utilize in a project is often a subject of debate.The discount rate is the weighted sum of the cost of debt and equity. There are several methods for determining the cost of equity. This study considers the commonly applied Capital Asset Pricing Model (CAPM) and Gordon’s Wealth Growth Model because of their simplicity and availability of parameters required to estimate the cost of equity. This study explores how differences in the cost of equity obtained by these two methods can be explained for a mining environment. Data for empirical analysis were collected from the I-Net Bridge, McGregor BFA, and Bloomberg databases. It was found that Gordon’s Wealth Growth Model provides better estimates of the cost of equity compared to the CAPM under depressed market conditions. Therefore, this research recommends that Gordon’s Wealth Growth Model be used to estimate the discount rates for mining projects during periods of depressed market conditions."

Jan 1, 2016

By Thomas Deschamps

The main objective of this work was to investigate the effect of binder addition on the geochemical properties of surface paste tailings. Nine leaching columns were prepared following different disposal configurations: non-cemented, non-cemented with cemented layers, and cemented .The proportions of cement by total paste weight were between 0 and 1% for a whole column; the maximum amount of cement in a single layer was 2%. The material used was a sulphide-rich tailings coming from a Canadian hard rock polymetallic mine. The columns have been flushed once a week during 30 weeks. The recovered leachates were analyzed for pH, Eh, conductivity, and a wide range of elements. The drainage rates were monitored during the initial disposal as well as after each column flush. The results show that binder addition can improve the whole environmental performances for some of the studied disposal configurations. The disposal configuration consisting of intercalation of three 2% cement paste layers within non-cemented layers (0.66 wt.% of cement for the whole column), and the configuration with 2% cement added only in the two bottom layers (0,44 wt.% of cement for the whole column), showed the best results in terms of water quality and drainage rates.

May 1, 2007

By Antônio Peres, Rogério Guimaraes, Lauro Takata, Harold Wyslouzil

"Serrana’s concentrator, in Araxii, has capacity of producing approximately 800,000 tomes of phosphate rock per year, with a P205 grade of 36%, from ores grading between 13% and 14% P205. The annual mining rate is around 3.5 Mt and the apatite is concentrated according to the following sequence: crushing, grinding, desliming, flotation and low and high intensity magnetic separations.Two industrial flotation columns (3.0 m x 4.5 m x 14.5 m) were commissioned in 1993 as a replacement for circuits of barite and apatite fines flotation. In 1994, four additional flotation columns of the same dimensions were put into operation, replacing 42 Wemco mechanical cells (300 ft3 each), in the barite pre-flotation, coarse apatite (two columns) and tailings regrind flotation Circuits. Overall, 66 mechanical cells (300 ft3 each) were replaced by only six flotation columns, designed by Cominco Engineering Services Ltd - CESL.The present paper describes the stages of process development, pilot plant testwork and implementation of the industrial project, highlighting the most relevant aspects of each of them. The results achieved are related to improvements in flotation selectivity, gains in P205 recovery and better process control, resulting in better quality products and lower production costs. Other benefits included a decrease in flotation reagents, electrical energy and maintenance materials consumption. These factors contributed to a significant decrease in the cost of phosphate rock production at Serrana, in Araxa - M G."

Jan 1, 1999

By C. Keefe, O&apos

Measurements of the quantity of entrained air within processes have challenged instrumentation developers for years. This is particularly true in the unique and demanding operating environment and applications seen in minerals processing. In minerals processing applications, entrained air plays a role in errors seen within nuclear density gauge measurements and in pumping efficiency. It is also the major component of flotation processes. The measurement of the quantity of entrained air, known as the gas void fraction, can now be performed from the outside of a process pipe through CiDRA?s patented passive sonar array-based technology. Within column cells, the need for a robust, no maintenance, accurate means of measuring the entrained air, known as gas holdup, has resulted in a submersible version of this technology. CiDRA?s meter technology calculates the gas void fraction by first measuring the speed at which naturally occurring sound in the process slurry propagates past an axial array of sensors. These sensors are incorporated in a band that is wrapped around the outside of the pipe, resulting in no process downtimes for installation and unprecedented reliability. A known relationship between this speed of sound and the entrained air captured in the form of bubbles within the slurry is then applied in CiDRA?s meter to calculate the gas void fraction. This paper will present the measurement technology, its operation, its calibration and its application in a variety of gas void fraction and gas holdup measurement situations such as pumping efficiencies, hydrocyclone operation, external sparging, and column cells.

Jan 1, 2008

By J. L. Holman

The Bureau of Mines has extended its previous development of cast Mn-Cu damping alloys to powder metallurgy (P/M) consolidation of alloys containing 55 to 75 wt-pct Mn. Blends of minus 200-mesh elemental powders were compacted cold in directional and isostatic presses. With 1 pct binder, typical green densities ranged between 76 and 80 pct of theoretical when pressing at 30 or 48 tsi. Green strength increased with compacting pressure and copper content. As-sintered tensile strengths ranged to 60,000 psi fox a hydrogen, sintered 60Mn-40Cu alloy, along with 5-pct elongation. Sintered densities ranged between 90 and 96 pct of theoretical. Sintering (a as effective when holding for 1 hr at maximum temperatures of 900° to 1,040` C, dependent on composition. Strength and ductility were considerably lower than for equiva¬lent cast alloys. When aged to the damping condition, alloys containing 60 to 70 pct Mn exhibited >40 pct specific damping capacity (SDC) at 5,000-psi stress, considerably higher than values reported for equivalent cast material. Effects of 1 or 3 pct Sn or Zn additions on SDC and other properties were assessed. Trials were conducted on consolidating rings and gears of the 65Mn-35Cu alloy on industrial-type P/M equipment.

Jan 1, 1979

By Karl Marquis

La Mine Mouska exploite depuis deux ans certains blocs de réserve à l?aide de la méthode long trou. Même si, à priori, la méthode long trou semble rentable, le contrôle de la dilution ainsi que le respect d?un échéancier serré s?avèrent primordiaux afin que cette méthode d?exploitation puisse être justifiable économiquement. La présentation suivante fera la comparaison économique entre cette méthode et celle de chambre-magasin.

Oct 1, 2001

By J. J. Taber

Gas and water permeabilities of a large number of samples from the Pittsburgh and Pocahontas coals were measured at various overburden and mean flow pressures. A wide variation in the air and water permeabilities was obtained for each type of coal. Overburden pressure has the most significant effect on the single-phase permeability. Considerable hysteretic effect was observed for both air and water permeabilities. Gas permeabilities are affected to a lesser degree by mean flow pressures above atmospheric. However, at subatmospheric mean pressures, appreciable increase in permeability occurs for low permeability samples. Air and water relative permeabilities were also measured for numerous samples of Pittsburgh and Pocahontas coals. Tests were performed under steady-state conditions for both drainage and imbibition cycles. Results indicate that the flow of gas is greatly reduced during the latter process, whereas it is largely undiminished over a wide water-saturation range during drainage. It is also shown that imbibition saturation distributions obtained from liquid-water imbibition as opposed to water-vapor adsorption produce gas permeability curves of radically different character. The effective permeabilities to both gas and water were significantly reduced with the application of overburden pressures in the range of 0 to 1,000 psig, but the general shapes of the relative permeability curves remained the same.

Jan 1, 1974

Two concentrates from Palabora, in South Africa, containing 0.056-0.068% undesirable Cu and 0.8 or 2.2% Ti, were chlorinated with air:chlorine ratios of 10:1, 15:1 and 20:1 at temperatures between 1 200 and 1 329 K. The resulting volatile chlorides were condensed and the solutions analysed for Cu, Fe and Ti. Recovery of Cu was less than 25% at low temperatures and short reaction times, but at 1 258 K almost all Cu was removed from the magnetite at all ratios of chlorine to air. At higher temperatures, the increased carrying over of iron as FeCl3 could be minimised by decreasing the partial pressure of chlorine. No titanium was detected in the volatile products and the percentage of Cu recovered was independent of Ti concentration in the concentrates, though as a function of Cl2 vol%, more Cu was recovered at 1 200 K from the low-Ti than from the high-Ti concentrate. In a fluidised-bed reactor, Cu recovery was 58-90% and iron carry-over less than 10 ppm

Jun 21, 1905

By A. C. du Preez

Mintek has been involved in extensive test work since the early 1990s on the recovery of nickel and cobalt from leach liquors saturated in calcium, using synergistic solvent extraction systems. During this period the Nicksyn? reagent was developed, optimized, commercially manufactured, and tested by Tati Nickel on a demonstration plant for more than 2800 operating hours. Efficient recovery of nickel without the co-extraction of calcium, thus avoiding gypsum formation in the extraction and stripping circuits, was illustrated. This synergistic system was recently evaluated on a laboratory scale for the recovery of nickel and cobalt from synthetic lateritic sulphate leach liquor containing about 3 g/L nickel, 0.5 g/L cobalt, 0.7 g/L manganese, 20 g/L magnesium, and with calcium at saturation. Extraction and stripping parameters were determined for this feed liquor and are discussed in this paper.

Jan 1, 2014

By J. C. Gerdeen

SAP-S information on the following element types are included in this appendix: Type 1. Three-Dimensional Truss and Bolt Element Type 4. Two-Dimensional Finite Elements Type 8. Variable-Number-Nodes Thick Shell and Three-Dimensional Elements Type 9. Two-Dimensional Joint Element (to be used with Type 4 elements) Type 10. Three-Dimensional Joint Element (to be used with Type 8 elements) Additional SAP4 elements, Types 2, 3, 5, 6, 7 and 12, are also contained in SAP-S and information on these elements is readily available in any SAP4 user's manual. These elements are as follows: Type 2. Three-Dimensional Beam Elements Type 3. Plane- Stress Membrane I-r .n Elements Type 5. Three-Dimensional Solid Elements (8 Node: Brick) Type 6. Plate and Shell Elements (Quadrilateral) Type 7. Boundary Elements Type 12. Three-Dimensional Straight or Curved Pipe Elements

Jan 1, 1976

By M. C. Villeneuve

A numerical modelling approach was developed to explicitly simulate geomechanical characteristics of intact rock: mineralogy, grain size and fabric. The approach involved creating a representative constitutive model for each of three common rock-forming minerals: mica, quartz and feldspar. The constitutive models developed are valid within the low confinement realm of excavation boundaries, where tensile fracture processes dominate. The mineral types were assigned to numerical elements, which were associated with each other through an algorithm created in a finite difference model, FLAC 2D (Itasca 2007a), to simulate real crystal geometries and orientations. The numerical models were used in a parametric investigation of the geomechanical characteristics and compared with published observations of the rock yielding process in laboratory testing. This approach has allowed the explicit grain-scale investigation of the impact of geomechanical characteristics on rock yielding at low confinement, leading to an improved mechanistic understanding of excavation-scale rock yielding processes at excavation boundaries.

May 1, 2009

Today computers are accepted as a standard item in industry and they perform a variety of tasks over a wide spectrum of activities from mine planning and CAD to data processing and spreadsheet work. However many problems particularly in the. area of decision making where there are no clear mathematical models available and usually the output or answer is dependent to some extent on a heuristic approach, don't lend themselves to conventional solutions using standard procedural algorithms. Recently a number of techniques have evolved primarily from the enhanced capabilities of modem equipment, which are capable of solving these problems. This paper is a brief overview of these rather unconventional developments of computer technology in the area of artificial intelligence with reference to their application in mining.

Jan 1, 1993

Comminution is a vital part of minerals extraction, and therefore of the South African economy. The high cost and throughput-limiting nature of comminution forms a strong motivation for research directed at improving the efficiency of the process. Building on a ten year background of fundamental charge motion research, a new formal UCT flotation and communication group has been formed. The group is also moving strongly into the field of milling circuit modelling and simulation, based on close links formed with the Julius Kruttschnitt Mineral Research Centre (JKMRC) of Australia, and an international collaborative research programme.

Jan 1, 1998

By J. Wills

The use of drilling rigs to increasingly mechanize stope drilling has been acknowledged as important for the S.A. mining industry in it ís efforts to tackle the challenges of low productivity, AIDS and an ageing driller workforce. The spin-offs of increased safety, cost-effectiveness and better mining performance provide advantages to all?from the driller to the shareholder. However, implementation or product rollout has varied from outright success to dismal failure. A study of various cases by Novatek and Anglogold TDS showed clear reasons for these differences. Whereas the successes were characterized by clear objectives, accountability, user buy-in, a commitment to make the technology work and no-nonsense reporting, these were typically absent in failed implementations. The attitude at unsuccessful mines was to ?trial? the equipment?even subconsciously, a ?trial? is a test where failure becomes an acceptable outcome. During the study it became clear that mining management are not adequately trained to manage the often-tricky rollout process. They are often also not empowered or clearly mandated to deal with the organizational, human and technical issues that must dovetail to create a success. The output of the study was to develop a basic rollout process that could be used to formally manage the implementation of new drilling technology. Creating an alignment between the mine, workforce and supplier promotes a win-win situation that will not otherwise spontaneously arise.

Jan 1, 2002

By Andrew P. Jarosz

The present computerized mine planning systems use CAD-like and Data Base Management System (DBMS) environments for the handling of numerical, textural, and graphical data. These two environments are usually integrated, that the data provided by the DBMS are linked to any graphical element rendered by the CAD system. The subsidence monitoring, analysis and prediction process should be integrated with the mine design process. It should allow for the assessment of impacts of mining on surface, surface utilities, and structures. It should also provide for the measures to control mining, that will create only acceptable levels of negative impacts on the surface. The common data base, and graphical capabilities of the CAD interface, may be used with great advantage for both systems. The findings of the subsidence engineering modulus should be directly incorporated into the mine design system, and vice versa. In this paper the author suggests guidelines for the development of the comprehensive computer system, able not only to predict the vertical and horizontal components of the ground movement, but also assess the induced surface damages, and costs related to subsidence prevention and compensation.

Jan 1, 1995

By Walter Herd

For the past eight years, No. 2 mine of the Cumberland Railway & Coal Co., Springhill-a subsidiary of the Dominion Coal Co., Ltd.-has had an unenviable reputation for bumps. As the workings extended in certain directions under a greater cover, these bumps increased in severity and it became apparent some change in the system of extraction was necessary if the mine was to continue to operate. In September, 1924, following several fatalities resulting from bumps, the Mines Depart~ of Nova Scotia requested from the U. S. Bureau of Mines the services of George S. Rice, Chief Mining Engineer of the Bureau, to report on the conditions then prevalent in No. 2 mine, Springhill. °This request was promptly and courteously granted. Mr. Rice made a full investigation and a comprehensive and helpful report, which is embodied in the 1924 Annual Report of the Department of Public Works and Mines, Nova Scotia. Prior to 1925, the room-and-pillar method was employed, and in January of that year (there being a cessation of work from March to August due to labour troubles) longwall retreating on the west side, on a limited scale, and in a small section on the east side of the mine, was started. The major portion of the east side was not operated on this system till August, 1926, as there was developed a considerable area ready for pillar extraction between an arbitrary boundary and a point up to which bumps of any consequence had not been experienced. In ?the interval, development work for longwall retreating below the 5,900-foot level was vigorously pushed.

Jan 1, 1929

By Rudolph P. Frizzi

Quality control is essential for augered cast-in-place (ACIP) piles (also known as continuous flight auger (CFA) piles outside the United States) and augered displacement (AD) piles since the pile is constructed below the ground surface out of the direct sight of the personnel constructing and inspecting the pile. ACIP piles are being successfully constructed to support high-rise structures, arenas and stadiums, mass transit systems, and power and industrial facilities. The use of AD pile technology is also gaining ground in the United States, typically utilizing proprietary systems such as Omega (currently utilzed by Richard Goettle Inc., and LG Barcus and Sons, Inc.), Berkel, and DeWal (currently utilized by Morris-Shea). Different types of ACIP/AD pile installation equipment are shown in Figures 1 and 2. ACIP piles are installed into granular and cohesive soils, and soft rock to lengths currently approaching 130 ft (39.5 m), with diameters up to 24 to 36 inches (610 to 915 mm), and sustaining design loads approaching 900 kips (4000 kN). Current AD pile installation equipment in the United States is capable of installing up to 79-ft-long (24 m) piles with diameters ranging from 12 to 18 inches (305 mm to 460 mm).

Jan 1, 2002

By Charles H. Minott, Michael J. Markow, Robert D. Wyatt, Fred Moavenzadeh

The substantial investment in tunnels anticipated in the next twenty years has focused new attention on the economics of tunnel construction itself and on some costly problems associated with underground work: the uncertain geologic conditions, the performance and adaptability of men and equipment, and the need for quicker, more efficient excavation methods. There also exists a need to develop better ways of estimating tunnel construction. Inaccuracies in current bid estimates stem from a number of causes, among them (1) the effects of geologic conditions, which are not adequately known prior to construction, (2) the dependence of actual cost on the construction method used and on the interactions among the operations occurring underground, and (3) the reliability of tunneling equipment. Inability to estimate final costs for conventional tunneling more accurately has in turn caused difficulty in gauging the costs and benefits attributable to new tunneling technologies either under development or for which R&D programs are planned. ATTRIBUTES OF THE TUNNEL COST MODEL This paper presents a computer based Tunnel Cost Model (TCM) which quantitatively assesses the uncertainties inherent in underground work, and is detailed enough to aid in preparing estimates or bids. The model employs appropriate techniques of subjective (or "degree of belief") probability and computer simulation of tunnel construction operations to estimate distributions of total tunnel

Jan 1, 1974

By Mohamad Hussein

Low strain dynamic tests are performed to evaluate the structural integrity of driven or cast-in-place concrete piles. This type of testing requires minimal pile preparation, and is simply performed by attaching an accelerometer to the pile head and striking the pile head with a hand held hammer. The measured data is processed by a dedicated system, inspected for wave reflections, and interpreted based on one dimensional wave propagation theory. Piles are normally tested shortly after installation so that problems can be identified early and corrective measures taken before construction of the superstructure. However, evaluation of existing foundations is occasionally required. Often, pile installation records are not available rendering impossible any rational foundation reanalysis. This paper discusses three case histories where low strain dynamic measurements allowed determination of pile lengths and structural integrity under existing structures where pile heads were not accessible.

Jan 1, 1992

By R. T. Jones

Base metals and platinum group metals can be collected in metallic alloy form, via a wide variety of smelting processes. The recovery, or degree of collection, of the valuable metals is a function of the extent of reduction in the furnace, which, in turn, is indicated by the fraction of iron present in the feed materials that report to the alloy. An equation has been developed that relates the recovery of various metals (such as Ni, Co, Cr, and PGMs) to the recovery of Fe. This recovery equation (for each metal) is characterized by a single parameter (K?) that can either be empirically fitted to the data, or expressed in terms of the equilibrium constant and the ratios of the activity coefficients involved. Data from a number of varied DC arc furnace campaigns are presented to illustrate this behaviour.

Jan 1, 2009