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In constructing a financial model of a project significant effort is expended on capital and operating cost estimation, commodity price forecasts, and choice of discount rates while uncertainty in the primary input, the reserve, is often completely overlooked. The aim of this paper is to highlight the impact of uncertainty in the resource/reserve estimation process on the assessment of the financial performance of a project. Four qualitative processes have an impact on resource/reserve uncertainty. These stages are: 1.Ore definition 2.Geological interpretation 3.Resource estimation 4.Ore reserve estimation and mine planning. Each stage contains a number of tasks that may be considered as key performance activities (KPAs). Optimizing the manner in which these KPAs are completed can remove a great deal of uncertainty and error from the resource/reserve process. Examination of these KPAs within a company can also provide an insight to the quality of the information underlying the project. This will allow the company to identify any shortcomings in the data and to assess the resulting risks (Gilfillan, 1998). A hypothetical financial model based on a gold operation has been used to estimate the potential effect of resource/reserve uncertainty on revenue. Monte Carlo simulation has been employed to simulate a number of hypothetical scenarios: 1.a base case scenario which assumes no major errors or biases, but contains realistic margins for uncertainty that would exist in any project where work is being completed to the limit of best endeavours 2.a poor sampling scenario which assumes poor sampling practice and lack of understanding of sample preparation 3.a poor resource estimation scenario which assumes poor modelling and inappropriate choice of interpolation technique, and 4. a ?typical? scenario which represents a project where the majority of KPAs are not performed as best as they could be. The results show that realistic uncertainty ranges can generate changes in the estimate of potential revenue of plus or minus 30%.Therefore, it is important to allow for errors in these processes in any financial analysis or feasibility study. It is recommended that, when building a financial model, are view of relevant resource/reserve KPAs be carried out and appropriate ranges for uncertainty be applied to provide a range of potential outcomes. These outcomes can then be factored into the detailed cash flow analysis in order to ensure that technical uncertainty is built into financial decisions.

Jan 1, 1999

By C. Jay Hodgson

Hydrothermal systems form on land where and when an impermeable cap-rock unit ( either natural or self-sealed) , a permeable aquifer. and permeable discharge and recharge channels (cross-stratal permeability) develop in an anomalously hot part of the crust. A consideration of the relationship between magmatic and tectonic events in volcanically active areas indicates these conditions arise during: (1) the resurgent doming stage of the resurgent caldera cycle; (2) following movement on the bounding faults of tilted fault blocks ; and (3) as a result of hydrothermal boring associated with the intrusion of major sills. On the assumption that the submarine hydrothermal systems which deposit volcanogenic massive sulphide ores are comparable to subaerial hydrothermal systems, it is suggested that: (1) the horizon of mineralization corresponds to the time period when conditions favour the development of hydrothermal systems, as outlined above; (2) exploration for Cu-rich Cu-Zn-Pb or Cu-Zn ores should be directed to paletopographically high areas near discharge conduits , whereas exploration for Cu-poor ZnPb ores should concentrate on paleotopographically low areas down slope from conduits; (3) deposits with stringer zones lying above normally permeable units may be underlain by regionally extensive weakly mineralized and altered zones (self-seal caps) ; (4.) in the absence of a self -sealed cap, the ore horizon may be underlain by a naturally impermeable unit (e .g. a fine clastic sediment) ; (5) the condition of cross-stratal permeability may be evidenced by features such as dykes. alignment of vari ous magmatic and hydrothermal phenomena, abrupt thickness changes in stratiform units indicative of ponding against syn-volcanic faults, and fault-scarp slump deposits; (6) the condition of high heat flow may be evidenced by near-surface magmatism and steep thermal gradients preserved in metamorphic mineral assemblages.

Jan 1, 1977

A preliminary study was conducted by the Bureau of Mines to determine the effect of humidity on salt mine airborne dust levels. Results showed less dust where the humidity was elevated. Dust reductions appeared to be dependent on the equilibrium between humidity and salt.

Jan 1, 1980

By Larry Rayburn

Design of cost effective engineered solutions to complex problems requires the team efforts of the owner, the designer and the specialty construction contractor. The basic ingredients of success required to remain competitive and still produce a quality product are creative design based on experience and sound engineering principles, plus practical aspects of constructibility. The three case histories describe creative design/construct approaches that benefited all parties. 1. Introduction The increasing demand placed on specialty contractors to provide cost effective buildable solutions to complex construction problems compels us in the industry to be highly innovative. The practice of geotechnical engineering is considered more of an "art" than perhaps the other disciplines within civil engineering largely because of the basic nature and variability of soil and rock. The geotechnical design engineer must have the knowledge of the components of his design and know the limitations of his equipment and labor force. Thus, for the design/build specialty contractor the potential for creation of unusual solutions to difficult problems is quite high.

Jan 1, 1991

By Gunnar Persson

The borehole pressure/time history of blasting practice is simulated in a twin pendulum apparatus, where the expanding shotfiring gases force two steel slab swingers apart. A pilot installation built at SveDeFo is described. The relevant factors, that govern the use of this test method as a means of classifying explosives with respect to their toxic fume potential, are described.

Jan 1, 1996

By D Craw

Sulphur-rich minerals such as authigenic pyrite (FeS2) are commonly associated with coal mine workings. Metallic elements such as arsenic (As), copper (Cu) and zinc (Zn) are enriched in the pyrite relative to their concentrations in the surrounding environment. Exposure of pyrite and coal to air and water results in a series of oxidation and hydrolysis reactions that are commonly catalysed by species of Thiobacillus bacteria. These reactions lead to a lowering of the pH in the drainage waters (acid mine drainage, AMD) and subsequent mobilisation of trace metals in environmentally significant concentrations. This study assesses the spatial distribution of As, Zn and Cu concentration in water in relation to pH and Eh (redox potential) downstream from the tailings at the Wangaloa opencast lignite mine in southeast Otago. This mine was abandoned in the late 1980s due to a decrease in the economic viability of mining the lignite. The area is showing the characteristic symptoms of AMD, which is detrimental to the health of several Pinus radiate growing on some of the tailings. The pH of the drainage waters can get as low as 2, and in some instances, lower, but it returns to near neutral (pH 6.5) up to 200 metres down stream from the base of mine waste piles. It is well documented that the atmospheric oxidation of pyrite is catalysed microbially, causing a substantial decrease in the pH of the drainage waters. Acidification is then counteracted predominantly by natural abiotic remediation processes occurring downstream.

Jan 1, 1999

By J. Douglas Causey

A U.S. Bureau of Mines study indicates over 200 million yd3 (153 million m3) of cinder resources occur in the Mount Washington Wilderness. No future demand for the deposits is anticipated. Based upon the geologic environment, the area is considered favorable for discovery of geothermal resources. INTRODUCTION The Mount Washington Wilderness, located about 32 mi (51 km) west of Bend, Oregon, contains 46,655 acres (18,881 ha) (fig. 1). A 6,300-acre (2,550-ha) addition on the northeast and east boundaries has been proposed by the Forest Service under RARE II. The U.S. Geological Survey made regional geological, geophysical, and geochemical surveys, and the U.S. Bureau of Mines examined, analyzed, and evaluated the economic potential of prospects and commercially important mineral resources.

Jan 1, 1982

By Charles Will Wright

The present struggle for economic and industrial supremacy by the Communist world is against the United States, its main target, and the other Free World nations. The basis of industrial power is minerals, so the Communist nations are building up mineral production within their borders, often regardless of costs, and are acquiring quantities of mineral products from Free World countries for future use. They are contracting for additional supplies and advancing funds for the development of these quantities. A number of the less developed mineral producing countries of the Free World are being infiltrated by Communists and Communistic influence. This situation is well known, but as yet little has been done to oppose these activities or to awaken the public to their seriousness. The Communist countries are still far behind the Free World Nations in production of many essential minerals. But, shortages are being made up from Free World nations in exchange for petroleum, manganese ore, chromite and other products. Restrictions on shipments of strategic materials to Communist countries have not been maintained.

Jan 1, 1964

By Eduardo Cabral

A nova política de resíduos sólidos, imagem positiva da empresa, utilização consciente de recursos com a consequente redução de custos e preservação do meio ambiente têm levado as minerações e siderúrgicas a adotar uma gestão responsável com relação aos seus coprodutos. Em consequência, esses coprodutos (escorias e lamas da mineração, lamas de aciaria, pós da sinterização, calcinação, coqueria, carepas e outros resíduos da siderúrgica) estão sendo economicamente reintroduzidos no processo produtivo. Esse trabalho pretende fazer um resumo de possíveis tratamentos que esses materiais podem sofrer, como umectação, aglomeração, briquetagem, granulação, pelotização ou extrusão.

Aug 16, 2017

By Éric José de Souza Baeta

Maximizar a produtividade com o mínimo de perdas e sem interferir nas operações unitárias adjacentes é um dos grandes desafios existentes nas usinas de beneficiamento de minério em geral. O presente artigo tem como objetivo mostrar um caso prático de implementação de uma estratégia de controle do tipo preferencial, considerando restrições de processo, com o objetivo de obter ganho de produtividade e redução de perdas. Serão abordados aspectos práticos da implementação e resultados reais obtidos em uma das etapas do processo de uma usina de beneficiamento da Vale.

Aug 16, 2017

By Roberta Fernanda Machado

Este trabalho apresenta uma ferramenta desenvolvida internamente na Mineração Usiminas S.A. em Itatiaiuçu (MG), para o laboratório de análises químicas e físicas de minério de ferro, com os objetivos principais de consolidar os resultados, permitir a gestão das análises em um só local, promover maior rastreabilidade, aumentar a agilidade pelo lançamento automático no sistema SAP® e melhorar a confiabilidade dos resultados obtidos pelo laboratório através da realização de verificações automáticas nos resultados, utilizando-se de comparação com seus históricos e sinalização de resultados incoerentes antes da liberação final.

Oct 30, 2017

By Lorena Cristina Amorim Moura

O balanço de enxofre ao longo da cadeia de produção de aço é um problema muito discutido no setor siderúrgico, pois afeta a qualidade do produto final. Assim, este estudo tem como objetivo desenvolver uma metodologia de previsão de enxofre do coque, a partir de enxofre do carvão, com base na sua taxa de dessulfuração, obtida através do Índice de Inchamento Livre (FSI) em escala laboratorial. Estes resultados mostram boa correlação com o processo de fabricação de coque, permitindo a determinação do valor em uso em relação ao teor de S de cada carvão.

Oct 30, 2017

By Ali Kahriman, Abdulkadir Karadogan, Umit Ozer, Mehmet Aksoy, Kagan Ozdemir, Adiguzel Deniz

This paper presents the results of ground vibration measurements induced by blasting during the construction of the Istanbul Kadiköy-Kartal metro tunnel which has been driven at a depth of approximately 20-40 m deep under a highly urbanized region of Istanbul city in Turkey. This tunnel is being constructed by a joint venture group. The formation encountered during the construction is classified as hard and strong rock by laboratory and field tests performed by the joint venture group. Within the scope of the study, for the prediction of the peak particle velocity and to determine the slope of the attenuation curves together with the maximum charge per delay for the S4 shaft tunnels and S12 shaft tunnels of this tunnel route, ground vibration components were measured carefully by using four vibration monitors (Instantel Minimate Plus model) during the advancement of the tunnels which required blasting. The particle velocities and frequency values of all blast events are evaluated according to the United States Bureau of Mines (USBM) and German DIN 4150 Norms in order to predict, and compare the influence grades to the neighbouring buildings, and structures. Also, data pairs of scaled distance and peak particle velocity obtained from 114 records at S4 shaft tunnels and 79 records at S12 shaft tunnels were analysed statistically. Empirical relationships with correlation at the 95 % confidence interval were established for different rock units (diabase and arkose) and suggested for the test sites in order to estimate particle velocity of the ground vibrations.

Jan 1, 2007

By Edward C. Peterson

Recent studies indicate that the United States halt substantial reserves of ilmenite, one of the major titanium minerals. However, the studies showed that sources of rutile, another important source of titanium are limited. This paper summarizes and evaluates results and conclusions reached by the various investigations initiated by the Bureau of Mines and others pertaining to the titanium mineral resources of the Nation. Domestic occurrences of ilmenite that are economically exploitable by present-day beneficiation methods are found in Florida, New Jersey, New York, South Carolina, and Virginia. These deposits are estimated to contain 50.3 million tons of titanium dioxide (TiO2). Occurrences of ilmenite that cannot be processed economically under present technological conditions are found in California, Colorado, Minnesota, Montana, Oklahoma, Oregon, Rhode Island, and Wyoming. These reserves amount to 51.1 million tons of TiO2. Reserves of rutile found in the United States are estimated to be 1.8 to 2.1 million tons of TiO2. Other than occurrences in Florida and South Carolina, rutile is found either in small scattered bodies or in deposits where the mineral cannot be recovered economically by present beneficiation methods.

Jan 1, 1966

By Carlos Alberto Silva

A aplicação de lubrificação de tiras é um desafio para a maioria das empresas. Aplicações irregulares, não uniformes e excesso de óleo são problemas típicos encontrados quando se utiliza rolos de transferência ou tubos furados. Outros problemas como névoa, baixa eficiência de transferência e um ambiente de trabalho perigoso e insalubre são problemas comuns encontrados com equipamentos que utilizam a pulverização atomizada. O atual trabalho busca comparar os resultados da lubrificação de tiras obtidos com um equipamento de pulverização hidráulica da Spraying Systems frente ao antigo equipamento utilizado, atomizado.

Aug 16, 2017

Study on Mechanism of Sphalerite Flotation in the Presence of Main Metal Ions by Molecular Mechanics

Sep 13, 2010

By Amanda Elioff

Success of the Gold Line Eastside Extension rail tunnels in Los Angeles has prompted Metro?s planning for two new rail lines to include underground alternatives. The Westside Extension Transit Corridor alternatives include up to 17 miles of subway to be constructed in soft ground. The routes will require construction in Los Angeles? ?Potential Methane Zone,? not considered for subway construction until recently. Slurry face TBMs will likely be specified. The Regional Connector, through the downtown area, includes one underground alternative with 1.7 miles of tunnel as well as three underground stations in soft ground and rock. Challenges will include tunnel and station construction under narrow streets. This paper will describe the alternatives, planning, geologic conditions and tunneling concepts for both planning studies.

By Mirza A. Beg

The Piedmont physiographic province of east-central Alabama lies in a humid subtropical climatic zone. Such an area with mature land forms underlain by rocks rich in feldspars provides conditions condusive to development of gibbsite, a major source of alumina; a raw material for which the United States relies on foreign suppliers for 85 percent of its needs. Gibbsite occurs in the northern and inner sections of the Piedmont Province of Alabama in Coosa, Clay, Randolph, Chambers, Elmore, Tallapoosa and Lee Counties in soils and saprolite derived from amphibolites, granites, feldspathic hornblende gneiss and other gneissic rocks. The major occurrences of gibbsite are in areas underlain by hornblende gneiss in Chambers and Randolph Counties. This region provides the proper physiographic and mineralogical setting for large areas containing up to 25 percent of saprolitic gibbsite. These areas provide potential sources of alumina that could be used to meet the United States future needs. Narrow zones and pockets rich in gibbsite also occur in soil and saprolite derived from areally restricted feldspar rich zones of narrow linear amphibolites in the inner Piedmont and feldspathic zones in various granites distributed throughout the Piedmont.

Jan 1, 1982

By C. Lurie

This final report describes the work performed by Gulton Battery Corporation under USBM Contract No. HO-112033, entitled "Research and Development on Lithium-Nickel Fluoride Batteries For Mint Life Support Equipment". The lithium-nickel fluoride couple was chosen For this investigation because of its high theoretical energy density (626 Wh/lb), its ability to operate at ambient temperatures and the fact that it showed promise as a secondary system. The theoretical energy density of the lithium-nickel fluoride couple is ten times greater than that of the widely used lead-acid battery and three times greater than the silver-zinc battery which has the highest theoretical energy density of the commercially available secondary systems. The experimental program first evaluated the cell components individually. The results of these studies then formed the basis for investigations of cell performance using experimental three-plate cells. These cells consisted of one nickel-fluoride and two lithium electrodes. All work was performed in a glove box under an argon atmosphere which was sufficiently pure to maintain the shiny appearance on freshly prepared lithium surfaces. The major portion of the work effort was concerned with the nickel fluoride electrode. Binder, conductive diluent, fabrication technique, as well as the nickel fluoride active material itself, were considered. Criteria for binder materials were established and six classes of materials encompassing thirteen binders were evaluated. The candidate materials were initially screened for appropriate chemical and physical properties and finally evaluated in three.-plate cells, Two epoxy powders emerged as the most promising binders. Two types of conductive diluent were evaluated. The first is a carbon black of low bulk density and high surface area. This material is a good conductive diluent; however, electrodes fabricated with it lacked good mechanical strength. It was hypothesized that a uni¬form, small particle size, low specific surface area would improve the mechanical properties of the electrodes. Therefore, two samples of graphicic materials, milled to uniform powders in the one-to-ten micron range were evaluated. Electrodes prepared with the graphitic materials had superior mechanical properties, However, their electrical performance was significantly poorer and voltage losses of 0.2 to 0.3 volts were observed. Several electrolyte solutions were evaluated. N-Methyl-2-Pyrrolidone was tested but found to be incompatible in the presence of lithium. Lithium perchlorate, lithium hexafluoroarsenate, and lithium bromide were tested as two-component electrolytes in propylene carbonate solvent and their performance compared with that of the single electrolyte solutions, Lithium perchlorate gave the best performance. Lithium hexafluoroarsenate was also evaluated in methyl formate and appears to give equivalent performance. The lithium perchlorate-propylene carbonate system is preferred as it is easier to handle and less expensive.

Jan 1, 1973

By M K. de Brodtkorb

Late Cenozoic ore deposits æPrecious and base metal-richÆ and æSn-Ag-polymetallicÆ ofNorthern Puna are associated either with Middle Miocene dacitic volcanic-dome complexes or with Upper Miocene dacitic-andesitic volcanic centres.   Ore mineralogies and their related volcanism are discussed. A strong link is observed between the Cenozoic Metallogenetic Province of Northern Puna and the Southern Bolivia Tin and polymetallic provinces.  

Jan 1, 1995