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By Roger L. Baer

Introduction Brief Review -SEC mission & history -Development of SEC mining disclosure guidelines -Principles of good public company ‘disclosure’ SEC staff views of alternative approaches to mining company disclosure -SME Resource & Reserve Committee – April 2003 Food for thought

Jan 1, 2003

By K. O. Johnson

Contaminant transport of mine and mill tailings is controlled by the hydrologic flow regime and the geochemical mobility of the contaminants. Contaminant' mobility is primarily determined by chemical reactions occurring within an interface zone between the tailings and soil The large geochemical differences between tailings and groundwater create a disequilibrium in the groundwater with respect to the soils when seepage from tailings enters the groundwater. Precipitation and dissolution reactions involving the major chemistry occur to return the perturbed system to chemical equilibrium between groundwater and minerals. Retardation of trace elements depends upon the chemical character of the groundwater and the adsorption substrates. In the case of uranium mill tailings, the mobility of contaminants is controlled primarily by precipitation/dissolution reactions which neutralize the pH, modify the Eh (redox potential), and produce highly adsorptive substrate for retardation of trace elements.

Jan 1, 1988

By Mary C. Jennings, Peter F. Marcus

This paper examines the dynamics of aluminum consumption (all products), scrap recovery and primary aluminum capacity for the Western World through 1995, with particular emphasis on the U.S. aluminum industry. The relationship between the prices of ingot, sheet and extruded products is also explored.

Jan 1, 1986

By Frank C. Schora

The Institute of Gas Technology for many years has dedicated a large portion of its research effort to the development of a practical solid-fuel-based gasification process to produce a synthetic natural gas equivalent. The work is being done to prepare for the day when supplemental gas will be needed. This program, initially supported by the American Gas Association, and now by both the Department of Interior's Office of Coal Research and the American Gas Association, has developed the IGT Hydrogasification Process. This process, now entering the pilot plant stage, is based on the high-temperature, high- pressure hydrogenation of coal with a hydrogen-steam bearing gas. Product gas from this step is cleaned and catalytically methanated to produce a high-Btu gas. Estimated production costs indicate the process will be competitive with natural gas in certain areas of the country when required.

Jan 1, 1969

By Lynton B. Manssen

Introduction Net Present Value (NPV) techniques are becoming widely used in industry as a standard analytical tool in making capital budgeting decisions. However, NPV techniques are often misused in "common practice." A comparison was made between the use of NPV techniques in common practice and an Adjusted Net Present Value (ANPV) approach to capital budgeting in the financial analysis of a mining project. The comparison was made by applying both methods to a hypothetical copper project. The intent of the analysis is to provide an example for practitioners to follow when financially analyzing mining (or other) projects. To maintain the thrust of the analysis, the project has been evaluated as a stand alone, total project. No consideration has been made of the division of cash flows accruing to various owners over the life of the project. This omission will not affect the comparative nature of the analysis. This discussion assumes that the reader is familiar with present value as a concept and as a tool in capital budgeting. Finance theory has embraced NPV analysis as the correct way to evaluate capital budgeting alternatives. Many articles have been written expounding the virtues of NPV over other capital budgeting methods, such as Internal Rate of Return (IRR), Payback, Accounting Rate of Return, and others. It is not the purpose of this article to review all of the literature in this area; suffice it to say that in academic circles NPV concepts are accepted as the norm. A survey by Schall, Sundem, and Geijsbeck (1978) indicates that major US companies are finally following in academia's footsteps. Fifty-six percent of the companies responding to the survey use NPV techniques in their capital budgeting process. Further, some 86% of the companies surveyed use discounted cash flow methods (NPV or IRR) for capital budgeting decisions. This compares with a survey by Klammer (1972) that showed 57% of companies using both techniques, a considerable increase in seven years. With the increasing use of NPV techniques in industry, there are certain uses in common practice that can give misleading results. Five common errors in NPV analysis of large projects are: • No distinction is made between real and nominal cashflows. • The discount rate(s) used in the NPV analysis is not formally adjusted for risk. • There is no distinction of possible differences in the riskiness of different project cash flows; i.e., revenue vs. depreciation. • There is no recognition of the cash benefits to the project from interest tax shields (interest payments on the project's debt that are tax deductible). • There is no clear recognition of subsidies to the project from concessionary debt financing. No Distinction Between Real and Nominal Cash Flows Often, expected cash flows for a project are stated as a mixture of real (in constant dollars) and nominal (in current dollars) cash flows. For example, expected revenue cash flows may be stated in real terms and depreciation may be stated in nominal terms. If cash flows are added together to give an after tax cash flow, and this single cash stream is discounted, care must be taken to ensure that cash flows are consistently stated. All cash flows should either be stated in nominal terms or in real terms. In addition, the discount rate used must be stated in the same terms as the cash flows being discounted. Real cash flows must be discounted using real discount rates and nominal cash flows using nominal discount rates. Discount Rate Not Adjusted Numerous methods for obtaining discount rates are used in common practice. Schall and others

Jan 6, 1983

By J. W. Leonard

Introduction Gravity-based coal/mineral preparation plants must be operated to yield products of a quality satisfactory to existing markets. However, because of historic control problems, recovery is frequently sacrificed to achieve quality, resulting in losses of valuable product. Plant control has ranged from intuitive in-plant spot quality judgments made by various operators to gross methods involving such devices as density gauges, floats, grabsample on-the-spot sink/float tests, etc. Millions of tons of quality coal/minerals are lost to refuse each year, because of the historic lack of a continuous and dependable control system. The result is serious economic, as well as environmental, losses. While the economic losses are obvious, the less obvious environmental ones, in the case of coal, result from the misplacement of more ignitable quality fuel to refuse banks. Until recently, a control system capable of supplying a market-grade coal/mineral product, while continuously minimizing product losses to refuse, has been technologically unavailable. Coal/Mineral Washing Tracer System Performance Monitor (CMWTSPM) The first Coal/Mineral Washing Tracer System Performance Monitor (CMWTSPM) originated in the late 1970s as an innovative idea and ultimately resulted in Leonard Patent No. 4,345,994 issued on August 24, 1982. In a classic example of successful university basic research, the patent was followed by two US Department of Energy (DOE) merit awards for fundamental optimization research at the University of Kentucky, a number of publications, a successful applied research program (underwritten by SENTREX at Irvine, CA) and field tests at the Rochester and Pittsburgh Coal Company Keystone Mine near Indiana, PA. The system is now operational and is marketed by SENTREX as the SENTREX Performance Monitor. A diagram of the system is shown in Fig. 1. This system relies on metal detection as the basic tracing medium. Since it is capable of tracing particles as fine as 0.19-in., the system is ideal for coarse coal/ mineral cleaning processes. Basically, the CMWTSPM records the distribution of synthetic coal/mineral particles, of known size and specific gravity, between product and refuse output streams of coal/mineral washing, gravity-concentrating processes. For any given particle size, surface area and shape are constant. The particles are [ ] designed to find their way into the center of their respective inprocess specific gravity/size streamlines. The system will yield a complete partition curve to show the percentage of misplacement for any selected size/specific-gravity particle fraction, thereby providing a point-to-point insight into process failure. When used to evaluate operational processes, this full partition curve is far more diagnostic than the simplifying, derivative, single index number known as the Ep value. The Ep value is commonly used for convenience to represent symmetrical partition curves, but, if the actual partition curve is non-symmetrical, use of the Ep value can result in serious diagnostic error. While the Ep is useful in design and for rapid performance evaluation and process adjustment, the full partition curve is by far the more diagnostic. It will provide insight into the behavior of particulate flow, through non-symmetry, as a means to highlight potential systemic failures. Performance of the process is measured and improved by determining the extent of particle misplacement and by making timely adjustments to the unit to reduce the misplacement. Used in this manner, the CMWTSPM is not only a long needed processing control monitor, but it is also a very powerful diagnostic tool which, in the hands of skilled operators, has

Jan 1, 1993

By Maribeth Amyot, Y. J. Wang, S. S. Peng

Introduction The impact of computers on individuals and businesses increases each day. And the mining industry is no exception. The growing number of short courses, symposia, and feature articles in journals on the subject of computers is indicative of the developments and interest in their application to mining. Given this interest and the growing importance of computers, a legitimate concern is the computing background of graduating mining engineers. Based on a sample survey, this paper presents the current status of computer education in Accreditation Board for Engineering Technology (ABET)-accredited mining engineering programs in the US. Specific topics addressed include hardware and software available to students, integration of computers into curricula, concerns of mining educators, and historical and anticipated trends in computing education. Methodology Nine of the 19 ABET accredited mining engineering schools (as published in the SME-AIME Guide to Minerals Schools) were surveyed. Interviews consisting of open-ended questions were conducted with a knowledgeable faculty member from each of these schools. This was done to obtain an overall view of computing in mining engineering programs. The intent was not to evaluate nor compare individual schools, so a complete census was deemed unnecessary. The minimal deviations between the responses to the subjective questions reinforces the credibility of the sample as being representative. Results Hardware Most of the mining engineering schools polled had access to hardware on three scales - mainframe computers available university wide, minicomputers available in the college or department, and microcomputers available at all three levels. Without exception, each school had access to mainframe and microcomputers. Minicomputers, however, were not available at every school. The mainframe computers have been in place the longest. The predominant mainframe currently on campuses is the IBM model. Mainframes were once the essence of all applications. But the improved availability and capabilities of smaller machines have afforded users a viable alternative. The increasing practice in education of assessing charges for time used on the mainframe - as opposed to no charge for time on the mini- and microcomputers - makes use of the smaller machines attractive. Conversely, much of the mining engineering software is only operational on mainframes. Sometimes this restriction exists because the requisite speed or storage inherent in the software can only be met by the mainframe. More often, however, it is because the software was developed when mainframes were the only machines available, and it has not yet been adapted to run on a smaller machine. At the schools polled, many mining engineering problems that are well suited to microcomputers are being solved on mainframes simply because microcomputer software is not available. Minicomputers are available at the department or college level in many mining programs. DEC is the most popular make. Often, the minicomputers were installed to alleviate the inconveniences of attempting to access and use an overcrowded mainframe, to avoid being charged for time used on the mainframe, and to meet the needs of a specific research project. The minicomputers are currently used much more for research than for teaching applications. Therefore, minis are seldom used by undergraduate students. Microcomputers have become extremely popular at mining schools within the last five years. Generally, some form of computing policy or strategy was established near the time the first microcomputers were purchased. This was formulated in part to ensure consistency, or at least compatibility, in the type of machines acquired. Microcomputers were subsequently selected based on the established computing policies; ma-

Jan 7, 1985

By A. G. Journel

The regionalization of tungsten grades at the deposit represents an ideal case for anisotropic hole-effect variogram modelling. The modelling technique is presented step-by-step and the consequences of the model on block kriging are indicated.

Jan 1, 1982

By D. P. Patil, B. K. Parekh

Water is the mainstay for beneficiation of fine size coal and minerals; however, it is also the least desirable constituent in the final product. The basic concept of the novel process described in this paper is based on the differential surface heat absorption capacity of individual particles, which differs for different species of mineral. When a mixture of fine material is exposed to a radiant energy source, the various solids components present in the mixture will absorb heat energy depending on their composition and there will be difference in the surface temperature of the particles. When this differentially heated solid mixture is placed on a moving belt, which is coated with low temperature melting resin, the hotter component of the mixture will stick to the belt and relatively cooler will stay free on the belt and fall off at the end of the belt run. Experiments were conducted with pyrite, coal and quartz of 6 x18 mesh particle size. The goal of the test program was to find the optimum conditions at which there exists a required temperature difference between minerals and coal particles by controlling the operating and system variables. Preliminary tests results showed that there is a potential for separating mineral matter from coal using the thermo-adhesive separation technique.

Mar 2, 2022

By Bob Newbery, Kenneth W. P. Eng. Kolthammer

SUMMARY Reference is made to the reasons for drying and the equipment is described that is available from which the engineer can make a selection. The factors affecting this decision are described. In the case of drying, design and sizing are ultimately developed empirically and no theoretical approach has been advanced.

Jan 1, 1986

By Russell G. Slayback

Feasibility investigations for prospective gold mines too often neglect to consider ground water. Simple observations and tests during drilling exploration can provide useful data on probable water conditions. As the prospect becomes more serious, more detailed investigation of ground water and dewatering needs may be warranted. Ignoring ground-water conditions can lead to costly mistakes.

Jan 1, 1987

By Ahmed I. A. Salama

This paper describes the development of computer density control for heavy media cyclone circuit at the Coal Research Laboratories of CANMET. The control objective is to reach and maintain the medium density set point in minimum time. A description of the mechanical components and instrumentation are presented. The control strategy and computer software are discussed. Testing and evaluation of the installed system are presented.

Jan 1, 1989

By Anthony Busigin, Stephen Pogorski, Colin R. Phillips

The precision of radon daughter measurement techniques is a complicated function of uncertainties arising from concentration and flowrate fluctuations during sampling, counting statistics and many other factors. Optimization of a measurement technique requires that all these uncertainties - not just counting statistics - be considered. In this work, the optimization procedure of Busigin and Phillips (1980) is tested against Monte Carlo experiments for the case of the modified Tsivoglou method.

Jan 1, 1981

By Barry T. Kilbourn

Yttrium Oxide is versatile; it is essential for television phosphors, for microwave garnets, for laser crystals and for high-performance ceramics, to name but a few advanced applications. When produced commercially, the material must satisfy not only stringent specifications regarding chemical purity but, increasingly, also meet closely defined physical parameters. The techniques needed for its production range from solvent extraction to carefully controlled precipitation and calcination. The processing steps from mineral concentrate to pure oxide will be described and related to the final oxide. The simple word "material" has complex connotations; it means, to paraphrase "Alice", exactly what we want it to mean. Throw in the label "advanced" and the picture darkens further! Just what is an advanced material and how does it differ from a common-or-garden material?

Jan 1, 1990

By A. Chattopadhyay, J. Res

High-level electrical energy can be suitably converted to shock waves of stress that, in turn, may be used for disintegrating hard rocks. This development, known as the electrohydrodynamic method, is very safe and highly economical compared to other methods of rock breaking. This paper deals mainly with development of the equipment and some details of the experimental work carried out with different rocks and concrete block.

Jan 1, 1988

By Chen Ziming, A. Burkert, A. L. Mular

A mechanism has been proposed for autogenous grinding that involves three distinct types of breakage: self impact breakage, media breakage and abrasion. Based on this analysis a mathematical model and an autogenous grinding simulator have been developed. Using pilot plant data fitted to the model, the simulator was tested and employed to examine both the scale-up problem and the effect of feed size distribution on performance.

Jan 1, 1995

By Silvia H. M. Grimaldi, Afonso H. Martins

The scope of this experimental work was to study the yttrium extraction and stripping behaviour in a solvent extraction system with mono(2-ethylhexyl)2-ethylhexylphosphonic acid (IONQUEST 801) in a chloride system The study was performed for only one contact between organic and aqueous phases The experiments were carried out according to a factorial design. Due to the statistical analysis and its experimental proof, the optimum conditions for maximum yttrium loading into the organic phase of the extraction stage were 16 minutes for time of contact between phases, 980 rpm of stirring intensity and pH=2.3 for the aqueous phase of the sovent extraction system. The optimized experimental conditions by the statistical approach for the stripping stage were: time of contact between phases equal to 20 minutes, 1050 rpm of stirring intensity and 1.75 M HCI into the stripping aqueous solution.

Jan 1, 1995

By D. A. Kramer

Seawater and natural brines accounted for about 51percent of U.S. magnesium compounds production during 2004. Dead-burned magnesia was produced by Martin Marietta Magnesia Specialties from well brines in Michigan. Caustic-calcined magnesia was recovered from sea-water by Premier Chemicals in Florida; from well brines in Michigan by Martin Marietta and Rohm and Haas; and from magnesite in Nevada by Premier Chemicals. Intrepid Mining and Great Salt Lake Minerals recovered magnesium chloride brines from the Great Salt Lake in Utah.

Jan 1, 2005

By S. Makni, C. Bazin, D. Hodouin

This paper reviews approaches for the real-time estimation of mass flow rates and assays using data from on-stream analyzers and flowmeters in a flotation circuit. Results obtained using one algorithm operating on-line with an industrial flotation circuit are presented.

Jan 1, 1998

By Y. H. Chia, P. Somasundaran

Carrier flotation of anatase from clay using coarse calcite is investigated, together with relevant basic properties of the system including aggregation and zeta potential, under different chemical and hydrodynamic conditions The roles of carrier sue and amount also are considered Mechanisms responsible for selective aggregation and flotation are reviewed

Jan 1, 1983