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By Stanley Dempsey

INTRODUCTION The mining industry has been under- going a significant restructuring for the past several years. Some firms have been liquidated. Some have been merged with other firms. A number of mining divisions of larger firms have been spun off, in some cases in leveraged buyouts by management. Recently, there have been a number of spin outs of gold subsidiaries. There are also a number of start-up situations where new firms are emerging as significant gold producers through mine development or acquisition. This restructuring has created an attractive market for specialized mining finance firms, and a number of firms have recently entered that field in the United States. These firms provide financial advisory and valuation services to mining firms and project developers, and access to venture capital. In some cases, they invest for clients or for their own account. I have been asked to describe how our firm works, and what kind of information we expect to receive when mine developers seek our assistance in financing a project. HOW WE OPERATE Denver Mining Finance works for both mine developers and investors. We also provide expert advice on mining issues to governments and to firms who are in litigation over mining issues. A lot of our work involves valuing mineral interests for various purposes. Our principal expertise is in the technical, commercial, and financial area. We help put mining deals into shape commercially so that they can be financed, and we help investors get into mining deals that are commercially sound. We work on projects, but we also advise mining firms on the structure of their business and how to make the most out of one or several mines that they might own. In addition to our work for clients, we are also prepared to invest in mining projects for our own account, and to recommend gold properties for acquisition by our parent company, Royal Gold, Inc. We are, to some extent, a venture capital firm, in that we sometimes work with projects that are not "bankablerV1 and are prepared to invest in attractive early-stage situations in mining. However, I want to emphasize that our principal focus is on development of commercially attractive mining projects that can be brought into production in the best possible financial terms. If we can make a project qualify for a project loan from a commercial bank, we will not advise the developer to use high cost venture capital. For the purpose of this paper, I will focus primarily upon our functions with respect to development of precious metal projects. In a typical case, a firm with an advanced-staged project approaches us for help with financing the final feasibility study, and construction and operation of a mine. In some cases, the developer has already developed a financing plan and wants only our access to investors. If we agree that the project is sound and that the financing scheme will be attractive to investors, we will help the developer reach investors on a commission basis. In such cases, we are particularly insistent that the financing plan and our participation meet all regulatory requirements, particularly compliance with state and federal securities laws. In most cases, however, the developer asks us for advise both on how to structure the financing, and how it can be implemented. Here we work for fees based on hourly rates for advisory work,

Jan 1, 1987

By Marc Carriere

Bright-orange couplings adorning piping systems are a common sight in just about every underground mine in North America. Grooved mechanical piping, the pipe-joining system that utilizes these couplings, is the preferred method for joining underground and plant piping systems in the mining industry, due to the ease and speed of installation and maintenance. However, the applications for such systems have traditionally excluded high-pressure systems. Most grooved mechanical couplings have a moderate working-pressure limitation, so high-pressure systems have required the use of alternative joining methods, typically heavy-duty flanges. However, the introduction of high-pressure couplings (up to 4,000 psi) has made the grooved joining method viable, and even preferable, for backfill, deep-mine chilled water and dewatering lines and other high-pressure piping applications. As engineers explore the use of high-pressure couplings, questions will undoubtedly arise about the joining method?s capabilities. This article will address the capabilities and specifications of high-pressure couplings, and compare flanged and grooved mechanical pipe joining in traditional as well as high-pressure underground mining applications.

Jan 1, 2011

By Liming Yuan, Isaac Zlochower, RICHARD THOMAS, Thomas H. Dubaniewicz, Teresa Barone

Mining vehicle manufacturers are developing lithium-ion (Li-ion) battery electric vehicles as an alternative to diesel-powered vehicles. In gassy underground mines, explosion-proof enclosures are commonly used to enclose electrical ignition sources to prevent propagation of an internal methane (CH4)-air explosion to a surrounding explosive atmosphere. Li-ion batteries can create pressurized explosions within sealed enclosures due to thermal runaway. Researchers at the U.S. National Institute for Occupational Safety and Health (NIOSH) measured thermal-runaway pressures of lithium iron phosphate (LFP) cells as a function of free space within sealed enclosures and observed an inverse power relationship. A well-confined cell produced 4260 psia (294 bar) of pressure during a thermal runaway, far exceeding minimum pressure containment specifications for conventional explosion-proof enclosures. Results indicate that adding enough free space surrounding LFP cells can reduce thermal-runaway pressures to levels below that expected for CH4-air ignitions. Measured thermal-runaway temperatures were below the minimum autoignition temperature of CH4-air.

By Paul D. Tomlingson

Numerous worthwhile benefits accrue to the industrial organization that is supported by a maintenance organization performing at a world class level. That organization will be favored with consistently reliable production equipment. It will be assured of meeting production goals. Its product will exceed marketplace standards. Its customers will see them as a quality organization. Its employees will enjoy job satisfaction and the plant will realize continuing profitability. Every industrial plant aspires to achieve ?world class? status knowing it can compete favorably with the best, most profitable organizations in the world. The trick is to achieve the attributes that qualify your organization for world class status. But there are no world class maintenance organizations. Rather, there are world class industrial organizations that include a world class maintenance organization. Maintenance, by itself, is a service provider, dependent on the support and cooperation of other departments. When that service is exceptional, it is made that way because maintenance is operating in a plant environment that requires it to be exceptional. Managers have created an environment in which maintenance can be exceptional. The plant, mine or facility manager must acknowledge from the start that maintenance is not a stand-alone effort of a plant maintenance department. It will require the joint efforts of all plant departments. Quality material support and full cooperation from operations, for example, are among the essential requisites for effective maintenance and achievement of world class maintenance status. When attributes such as these are reinforced by dedicated plant managers, profitability soon follows.

By Colin C. Brooks

The Ok Tedi gold/copper deposit of almost 800 million tonnes was found in I968 because at that time technology had just developed sufficiently to enable exploration of such an area, world markets and prices for copper encouraged exploration for large deposits of low grade ore, Papua New Guinea law encouraged exploration by groups with men, money, management and expertise necessary for successful prosecution of such a search and such groups were already operating in the country.

Jan 1, 1990

By J. C. Rhodes

The demand for good white minerals for many industries including paint and plastics have made it necessary to import high grade industrial minerals from various parts of the world. Some of the calcium carbonate, barite and talc minerals are from China, Mexico, Jamaica and Haiti. These materials can be processed by custom processors. The custom processor can provide a service to the Industrial Mineral owner. The imported materials can arrive in various feed sizes from lumps (3"-6") down to 325 mesh. The materials can also be in various size shipments or container loads. The economics for importing should be investigated thoroughly. The two factors just mentioned can influence the quantity of material to be processed. These two factors can also influence the total cost for each end product.

Jan 1, 1989

By Jacob L. Brinkman, Catherine E. Johnson

Researchers are exploring the use of unmanned aerial vehicles (UAV) to measure concentrations of gas emissions in situations where such measurements are otherwise extremely difficult to obtain, such as NO and NO2 (NOx) emissions from surface mine blasting. Recently, countries have imposed or are planning to impose surface blasting gas pollution regulations, which creates a need for an improved understanding of UAV-based gas measuring systems. The experiments detailed in this paper were performed to determine if airflow generated by the rotors, also known as downwash, unnaturally alters concentration measurements. Downwash turbulence could create locations of varying pressure, which could affect density-based concentrations as measured by some governing entities, including the Occupational Safety and Health Administration (OSHA). 

By Lei Pan, Venkata Atluri, Xuming Wang, Yuesheng Gao, Jan D. Miller

Polysaccharides have been used as depressants for naturally hydrophobic talc in the flotation of base metal sulfide ores, precious metal sulfide ores and platinum group metal (PGM) sulfide ores. The results of this surface chemistry study confirm guar gum as a preferred polysaccharide for talc depression in the flotation of these ores. In addition to the practical application of the research results, the surface chemistry results are of academic significance, providing further information to understand how polysaccharide depressants function in these complex sulfide flotation systems.

By Emily Dieckman, Claire Kincaid

"When most people think “miner,” they picture an older white man in a dusty shirt and suspenders. He’s holding a gas lamp and a pickaxe, peering at the walls of a dimly lit cavern. This image, while steeped in heritage, is no longer representative of what mining is: a global, increasingly diverse industry.It’s an industry made up of individuals like Zambian-born Chushi Mwewa, PE, president of Southlands Engineering, LLC in the United States and managing director of Southlands Engineering Limited in Zambia; Navajo tribe member Peter Denetclaw, manager of environmental programs and Navajo relations at Freeport-McMoRan; and Chinese and Jewish Alyssa Hom, a project engineer at McCarthy Building Companies.According to the Austrian Federal Ministry of Science, Research and Economics, 168 out of the world’s 195 recognized countries have some mining or mineral resources activity, and the mining industry directly employs more than 25 million people across the globe.However, according to McKinsey & Company’s 2017 “Women in the Workplace” study, white males hold 67 percent of C-Suite positions and 70 percent of senior vice president positions in the corporate world, and mining is no different. This uniformity among leadership has been tied to lower levels of employee engagement, innovation and business growth. The bottom line is this: Diversity is good for business. The question industry leaders must now ask themselves is not “Will we promote diversity?” but “How will we promote diversity efficiently and permanently?”More than 80 industry professionals, consultants and students gathered to discuss this question and share stories at the “Developing Diversity in Mining” workshop organized by the University of Arizona’s Lowell Institute for Mineral Resources (IMR), held during the 2017 SME Arizona Conference in December 2017.Brad Ross, co-director of the IMR and one of the facilitators of the workshop, said he felt diversity was important to discuss because he has witnessed its benefits throughout his career in the mining industry.“By creating a team of people with different experiences and perspectives, a company is better equipped to see the big picture and to creatively tackle problems,” he said. Speakers from industry and academia,including Mwewa, Denetclaw and Hom discussed the challenges surrounding achieving diversity and inclusion as well as the roles and responsibilities of different stakeholders."

Jan 2, 2018

By Nathaniel Arbiter

The development of flotation machines since the first industrial use of the process can be divided into three stages. The first, up to about 1930, was marked by diversity in the means for contacting floatable mineral with the air/ water interface and for generating the interface, as well as in cell design. By 1927 Taggart (1) could list 170 patents covering flotation cells, and he mentioned dozens which were or had been in operation. He divided cells into eight categories according to design, type of separating interface, and where in the cell and how separation took place. These were: (1) Film or skin flotation with wet or dry oiling of surfaces; (2) pulp body process with bubbles generated chemically by pressure reduction, by vacuum or by boiling; (3) agitation-froth processes involving local supersaturation with air; (4) bubble column; (5) pneumatic; (6) cascade; (7) subaeration; and (8) combination and miscellaneous types and processes. Most widely used then were the agitation-froth, sub- aeration, pneumatic types. By 1943 a significant reduction in categories had occurred to the two main divisions of mechanical and pneumatic cells according to whether agitation and aeration were (a) by an impeller with or without compressed air, or (b) by compressed air alone. Cells at that time were still relatively small; the Morenci Concentrator completed in 1942 used 432 1.7m3 (60 cu ft) Fagergrens for roughing 45,000 and later up to 55,000 t/d.

Jan 1, 1979

By Clarence Hardy Long

In January of 1969 the United States Department of Health, Education and Welfare, through the National Air Pollution Control Administration, published a series of Air Quality Criteria (4'S) and Control Techniques (6,7) for air pollutants in compliance with the 1967 Clean Air Act which will affect the operation of all fuel burning equipment in the very near future. The design of equipment for the future which will use fossil fuels will also be affected. The purpose of this paper is to discuss some of the modifications which might be anticipated in the future for fuel burning equipment. One class of the several air pollutants looked at first by the USDHEW was the sulfur oxides. Other pollutants, such as nitrogen oxides, will be studied and controls for these will supposedly be written in due time. The obvious use of low-sulfur fuels, coal, oil and natural gas is suggested by the Control Technique(6). Conversion to other sources of power, such as nuclear energy and hydropower, is also suggested. The statement is made that since possible hydroelectric sources are limited and nuclear plants are not yet available on a large scale, the changeover to these sources of power will not be overnight. The bulletin (6) suggests that one possible solution in some areas may be the use of low sulfur coals for short periods of time during periods of severe air pollution. A curve showing the effect of this was given in the 1969 April issue of the Power magazine, where A. E. Boyer and F. B. Kaylor of Stone and Webster also described a computer program called DOSAGE which might be used to check weather, temperature, humidity, wind direction and velocity, and sound an alarm when that 0.1% of the time per season is here that requires the use of low-sulfur fuel. Inversion is eminent! Once this has passed operation on regular fuel may be resumed. This would mean a separate storage

Jan 1, 1970

By J. L. Schroder, William J. Halvorsen, Wiliam W. Lyons, Kent C. Ware, Sheridan A. Glen, Donald C. Simpsom

The prospects for near-term growth in coal demand are exceptional: the federal government recently targeted 141 oil- and gas-fired generating units for mandatory conversion to coal; coal-to-synfuel developments are proceeding at a steady clip, with construction of a $1.2 billion gasification plant to begin this year in Beulah, ND; uncertainty over nuclear power and stratospheric oil prices enhance the steam coal market; the export market is ripening; and an influential new political force (the Senate Coal Caucus and Congressional Coal Group) is flexing its muscles on Capitol Hill. But the rosy picture is muddled by signals, often conflicting, sent out by federal agencies. Although EPA can be credited with relaxing its grip on the Clean Air Act, its sulfur dioxide control strategy is still often at odds with the Administration's call for domestic energy (coal) development. B. R. Brown, president of Consolidation Coal Co., sums up the situation: "Every mule is pulling in a different direction." Often in the midst of the fray is the small operator who has been hardest hit by the stagnation of coal markets. Layoffs, shortened work weeks, and mine closures were rampant in the eastern and midwestern coal fields, even among large producers. The longstanding boom in western coal was tempered during 1979 by a noticeable slowdown in announcements of new mine construction. The prognosis: Eastern coal will remain in the doldrums for quite a while to come as it works off some 90 Mt of overcapacity. Midwestern coal will fare no better due to the regulatory-influenced appetite of midwestern utilities for low-sulfur western coal. This displacement should ease, though, as new power plants equipped to burn high-sulfur coal come on line in the years ahead. In the West, the National Coal Association projects production to increase a healthy- 10% this year, although mine-to-market transportation looms as the single largest stumbling block to marketing efforts. Fatalities Up 40% in 1979 The National Coal Association estimated total coal production in 1979 at 671 Mt, an increase of 13% over 1978. Of this total, the East and Mid-west accounted for 476 Mt (71%) and the West produced 195 Mt (29%). With the consistent rise in western production playing against flat outputs in the East and Midwest, underground mining's share of total production continues to slip and is expected to account for only 38-39% in 1980. Incidence of deaths and injuries at US coal mines soared in 1979 over 1978 rates. MSHA figures (still subject to final adjustments) reveal a death rate of 0.07 per 200 000 man-hours, up 40% over 1978's 0.05 figure. MSHA chief Bob Lagather attributed the death incidence to the large number of new coal mines put on line in 1978, which he estimated at between 350 and 400. Nonfatal injuries rose to 8.48 per 200 000 man-hours, up about 15% from a 1978 rate of 7.35. In absolute numbers, MSHA counted 144 fatalities and 18 111 lost-day injuries during the 1979 calendar year. The 144 coal mining deaths in 1979 is the highest number of coal fatalities at US mines since 1975.

Jan 5, 1980

By C. R. Peterson

A cutter vibration monitoring system is described which would map seam strata non-uniformities to permit guidance within the seam. An extremely simple and rugged transducer is used which is compatible with conventional cutters and cutter replacement practices, and believed to be suited to the mining environment. Laboratory tests show that the system can detect bedding planes in otherwise homogeneous material. A data display system which would employ the human operator's natural pattern recognition skill and judgement will be developed, Intended for remote control applications in general, the system is of direct interest for today's continuous excavators in coal or in any other machine excavated bedded deposit.

Jan 1, 1985

By I. M. Konduri

Theoretical investigation and laboratory experimentation have shown a great potential for jet fan ventilation in mines. Jet fans, also called induction fans due to the induction effect of the fluid jet to ventilate headings, may have particular application in remote-controlled production operations. This paper summarizes ongoing research using a scaled laboratory model. The model uses water as a fluid medium and simulates a typical 25m long heading of 1.5mx6m cross-section. The effects of various nozzle positions and designs have been investigated by using still photography as a tool for flow visualization. It is also found that the use of jets in combination with line curtains has enhanced the overall ventilating effect in the model entry.

Jan 1, 1996

The most common method used for cleaning the fine fraction in today's coal preparation plants is froth flotation. Past research and practice has found that froth flotation achieves excellent separation efficiencies for fine coals having only a small fraction of middling particles. However, its efficiency decreases sharply as the concentration of middling particles increases due to the flotation of high-ash particles having a small amount of hydrophobic coal present at the coal surface. Since gravity-based processes are much more efficient at treating middlings, the application of centrifugal washing for fine coal cleaning has been studied with an emphasis on the primary cleaning of fine circuit feed. Results will be shown from a parametric study using a Falcon centrifugal concentrator which reveals that the separation performance is a function of particle size, bowl geometry, feed solids content, and feed rate.

Jan 1, 1994

By Joseph M. Keane

A number of innovative techniques exist for solving heap leaching problems in special situations. Some of these techniques have been successfully applied and others await an opportunity for application. Discussions in this paper will deal with gold heap leaching under severe thermal conditions, in tropical rainfall circumstances, in the absence of fresh water, and in other situations removed from the ordinary. CLIMATIC CONSIDERATIONS The success or failure of precious metal dissolution operations may be strongly dependent upon proper attention to the influence of climate. A few examples are given in the following paragraphs.

Jan 1, 1987

By Michael J. Mankosa

Carpco has recently evaluated the use of various mineral processing techniques for secondary materials recovery. These applications include recycled foundry sands, plastics and secondary metals. This paper describes different recycling applications and the associated separation solutions. Results from extensive laboratory-and pilot-scale test work in each area are discussed. Industrial installations resulting from this test work will be presented. A detailed description of an industrial installation patented by Carpco for the recovery of plastic and metallics from current waste by-products is presented.

Jan 1, 1997

By J. D. Forrester

I have availed myself of the opportunity to prepare, and to give this talk because, as incumbent Chairman, I am directed by the Bylaws of the Council of Education to make an Annual Report of the Council activities which have transpired during the past year. In addition, and inasmuch as I have this captive audience, I am taking the liberty to express also some beliefs I hold about various other elements of Mineral Industry education. First, my report is that constructive progress has been achieved in the Council of Education during 1960-61. These advancements have been particularly notable through projects carried on by the Committee on Meetings and Programs, by the Student Chapters Committee, by the Accrediting Affairs Committee and by the Committee for Securing Better Representation of Mineral Industry Colleges. I believe each of these groups will report concerning details of their respective programs at the Business Meeting of the Council. On the other hand, not as much has been done in some areas of work as I had hoped would be the case when I took office as Chairman last February. Let me make clear that these delinquencies, for the most part, have resulted through my ineptness in handling of affairs; they are not caused by the failure to perform various assignments which I have given to council members.

Jan 1, 1961

By L. Michael Kaas

In recent years a number of data processing and analytical techniques have proven to be useful to engineers and geologists in various segments of the mineral industries. Petroleum companies were among the first to utilize the computer to store well data files and to analyze that data for exploration purposes. A few years later, metal mining companies began to apply the same basic computer methods to problems in mineral exploration, ore reserve evaluation, and open pit mine planning. Because of the increasing complexity of planning for coal mines and land reclamation, a case study was undertaken to evaluate the usefulness of computer techniques to assist mining engineers and geologists in mapping coal deposits, evaluating coal reserves, strip mine planning and land management. The data used in the study was provided by the Illinois State Geologic Survey. This paper describes some of the results of that study. First, considerations for the development of a computer data base for coal deposits are presented. Next, a series of analytical techniques for processing the data is described. Finally, the case study is presented to illustrate how the coal data base and the analytical techniques could be used in actual practice.

Jan 1, 1973

By Z. J. Hladysz

The Hladysz Rock Tester was developed at the South Dakota School of Mines as a portable rock strength tester. The hand held device is placed against a rock surface and struck by a hammer. The impacted force causes a steel ball in the device nose piece to indent the rock and simultaneously indent a standard steel bar also contained in the nose piece. By comparing the two indented diameters the compressive strength of the rock can be calculated using laboratory determined correlation coefficients.

Jan 1, 1984