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By R Garzon

For resources projects with healthy net present value (NPV) and low cash flow volatility, conventional discounted cash flow (DCF) analysis will continue to provide the dominant investment decision-making criteria. However, DCF analysis can be biased because it often applies a single risk-adjusted discount rate (RADR) to compare the value of projects with different risk characteristics. Many of the difficulties with DCF modelling arise from analystsÆ inability to determine appropriate risk discounts and to estimate expected spot prices inputs for the commodities produced over the life of the project. Modern asset pricing (MAP) is a very valuable complement to DCF analysis in addressing some of these issues. Most papers dealing with MAP, however, while academically rigorous, tend not to be explicit in terms of practical application of this methodology in routine project evaluation. This paper has the objective of reviewing the MAP methodology and of demystifying its complexity, by providing a simple but realistic step-by-step evaluation of a mining project, comparing its DCF and MAP NPV values. The paper concludes that MAP provides a minimum, risk-adjusted æfloorÆ value, thus representing a valuable complement to any DCF valuation.

Jan 1, 2007

By Irving R. C

THE objective of the iron smelter is naturally the production of high quality iron at the lowest practicable cost. To enable this, large tonnages are put through the blast furnace, and, at the same time, the quality of the iron must be under definite control.The modern blast furnace enables these objectives to be attained. The description whieh follows sets out the general details of construction of such furnaces, and the operation at thc Broken Hill Proprietary Company's blast furnaces at Newcastle, New South Wales.The occurence of iron in many forms is so well known as to need no description. Modern civilisation may be said to be built on a foundation of iron, and, today, the production of iron and steel has beeome one of the world's industries.A short historical introduction will serve to show the evolution of the processes and apparatus since iron production assumed importance.There is no definite date fixed as to when iron was first made, or by what means it was first discovered. Perhaps prehistoric man threw iron bearing stone on to his fire, and these became reduced, Ieaving a soft metal behind, or more probably the first iron was of meteoric origin.There is evidence, however, to prove that it has been known for a period of 6000 years. Iron has been found in the Pyramids and its use was known to the early Eqyptians and later to the Hebrews, Assyrians, Greeks and Chinese. Following the Greeks, the Romans excelled in its extraction and uses in the manufacture of their instruments of war, and to this fact can largely be attributed the success of their many wars of conquest. As the Romans overran the rest of the then known world they carried the art with...

Jan 1, 1930

By Benedicto Hadad Cintra

In an inflationary environment the need for reduced cost is a daily concern of all industries. The Du Pont do Brasil "Expanded Pattern" method has proven to be an extremely effective means of reducing costs in mining, quarrying and construction operations. Over the past years much emphasis was placed on rectangular drilling patterns where the burdens are less than the spacing. The Expanded Pattern method combining rectangular and staggered patterns, was implemented in 1971 in Brazil after extensive trials in close collaboration with numerous explosives users and Du Pont do Brasil Technical Services Engineers. The best multiple row spacing-to-burden ratio (S/B) was demonstrated to be in the 2 to 5 range and the effective spacing to burden ratio (Se/Be) was found to vary from 5 to 11. These ratios are for the interior of the blast pattern and do not hold true along the front row of holes. Geological rock properties, hole diameter and inclination, explosives energy and loading density, explosives characteristics, blast pattern geometry, bench height and delay patterns along with type and size of digging, hauling and crushing equipment must all be evaluated for each and every operation. The integration of these interrelated parameters, together with sound blasting practices are the basis for the Expanded Pattern method. Color slides and documented case histories will be presented.

Jan 1, 1985

By A Jurg, F Leclercq

The total drill and blast concept is widely known in the mining industry. On the contrary, the quarry industry rarely adopts such working methods. Based on the experience of the CBS quarry in the North of France, this paper shows how up-to-date blasting technology and simple control methods can significantly improve the overall Mine to Mill efficiency of a quarry. The CBS quarry, in partnership with the EPC group and Nitro- Bickford Company, adopted a new working process three years ago aimed at increasing blast performance and related productivity of the downstream process (loading, hauling and crushing). The pattern geometry of each blast is controlled and explosive charging is carried out following the æconstant specific energyÆ CSE concept. This method provides a homogeneous fragmentation distribution and reduces vibration peak-particle-velocities. The impact on downstream productivity is controlled by means of a simple information management system, which collects and measures key parameters of the production process such as; hauling cycles, crusher throughput, secondary breaking and vibration peak particle velocity. This information system has clearly proved over time that consistent blast quality could be achieved, leading to a 30 per cent improvement in quarry productivity. Improved energy control of blasting through optimisation with electronic detonators, allowed a significant reduction in vibration impact on the environment. Improvement in blasting security, reduction in the environmental impact and productivity enhancement are major benefits that quarries can obtain from these CSE optimisation blasting methods.

Jan 1, 2007

Although forty-seven years have passed since the by-product coke oven made its successful commercial appearance, it is only during the past fifteen or twenty years that this system of coal carbonisation has advanced rapidly to its present position ofabsolute supremacy.Early designs of by-product ovens proved more or less faulty, and the coke produced was so inferior to coke made in beehive ovens that there was a natural hesitancy on the part of coke producers to invest large sums of money in installations of by-productovens of doubtful utility-more especially in view of the fact that beehive ovens could be erected cheaply and operated by non technical labour for the production of high-grade coke under the most variable conditions of trade.Surely and steadily designers brought forward by-product ovens of improved type, coupled with more efficient apparatus for the recovery of by-products, but still the industry lagged, due almost entirely to the insistence on the part of coke users that the qualityof ordinary beehive coke was vastly superior for metallurgical operations to the best coke produced from by-product ovens. So deep rooted was this prejudice that only the passage of time could eradicate it. That it has successfully done so is strikingly illustratedin the following statistics:

Jan 1, 1928

By Timothy P. Smirnoff

Sustaining the region?s mobility needs, achieving projected economic growth, and maintain Midtown Manhattan as a center of regional, national and global importance has led to continued investment in commuter rail and transit infrastructure in New York City and resulted in design and construction of large underground caverns. The current plans for stations in Manhattan include New York Penn Station Expansion (NYPSE) caverns for Trans Hudson Express (THE) Tunnel Project for New Jersey Transit (NJ Transit) and the Port Authority of New York and New Jersey (PANYNJ), Metropolitan Transportation Authority Capital Construction Long Island Railroad (MTACC/LIRR) twin caverns for East Side Access (ESA) Project, and station caverns of the No. 7 Line Subway Extension Project and Second Avenue Subway Project for Metropolitan Transportation Authority Capital Construction/New York City Transit (MTACC/NYCT). This paper provides a general overview of these large caverns now in design or construction in Manhattan, the area?s geologic setting, the geotechnical factors considered and approaches commonly applied for cavern design.

By R Harding, T Hunt

For the past 120 years, Portland cement manufacture has been undertaken on the shores of the Whangarei Harbour in northern New Zealand. Through a serendipitous conjunction of geo-chemistry, the argillaceous marl found on Limestone Island in the harbour and Tikorangi Hill provides a perfect mix of the various elements required for strong and durable cement. Golden Bay Cement, and its predecessors, have been the guardians and managers of the use of these minerals. As the demands of the concrete industry have increased, so have the needs of the manufacturing process. Careful mapping of the resource at both Portland and Wilsonville Quarries has been undertaken. This has allowed the Company to change the Quarry operation from a purely volume basis to one of selection and blending of constituent minerals. Within the manufacturing process, change has also been introduced. Analytical techniques, using x-ray fluorescence spectrometry, microscopy and the application of modem data collation, has allowed fine tuning of the process. The Company now produces an increasing diverse range of products for both the domestic New Zealand market and exports to various South Pacific countries. This paper discusses the processing of limestone and æcement rockÆ into cement clinker, an intermediate synthetic mineral ground into cement. It examines control and blending regimes, and some methods used in determining process efficiency. An important technique ærediscoveredÆ has been the application of microscopy to clinker.  Examination of the major silicate minerals enables interpretation of the kiln processing and feedback to process operators. It also enables a prediction of indicated performance when ground into cement. Examples this paper give an insight into the use of minerals from Northland in some of the more important construction projects in modem New Zealand.

Jan 1, 1999

By C. E. Golson

Modern concrete technology emphasizes the basic qualities required of an acceptable aggregate: it must be clean, sound, homogeneous, and of a size gradation resulting in a concrete of the desired physical qualities at a minimum cost. In the case of coarse aggregates, crushing, scrubbing, and screening will usually provide the required material, although beneficiation is often necessary in order to eliminate unsound or deleterious fractions. Beneficiation is also applicable to fine aggregates,( but the processes most often employed are washing, classification, and dewatering.

Jan 1, 1959

By Gary F. Meenan

The industrial practice of froth flotation for upgrading the quality of fine coal is a relatively complex, expensive, and inefficient process when compared to the coarse- and intermediate-size coal cleaning circuits. The differences in cost and process efficiency can be attributed mainly to the lower equipment throughput, the added cost of flotation reagents, and the fact that flotation is typically a manually operated process susceptible to fluctuating feed characteristics that influence the overall operating efficiency. The emphasis in recent years has been on improving the flotation process efficiency and lowering the cost per clean ton. This has been achieved by larger flotation cell designs, implementation of flotation reagent evaluation programs, and improved process instrumentation and control. These developments are reviewed along with other current coal flotation practices.

Jan 1, 1999

By Kenneth L. Driggs

The 1988 shift in primary smelting facilities from low grade matte (35%) reverberatory furnaces to high grade matte (63%) flash smelting heavily impacted a very stable and successful converter operation. Low matte grade converter campaigns averaged 36,000 short tons of copper and revert production/consumption was in balance. The conversion to high matte grades necessitated oxygen enrichment of converter blast and revisions in operating practices. After two years of operational development, campaign life has risen to over 40,000 short tons and revert production/consumption is again in balance.

Jan 1, 1991

By R. W. Waytulonis

This paper is an update of the activities of the U.S. Bureau of Mines, other government agencies, and the automotive and truck industry concerning diesel emission control. Enacted and proposed regulations from the U.S. Mine Safety and Health Administration (MSHA) and developments in diesel emission control are presented in terms of their impact on underground coal, metal, and nonmetal mines. Mine air quality regulations proposed by MSHA may require the underground mining industry to comply with new standards. Some mines may be required to take additional actions to meet new diesel particulate and lower nitrogen dioxide exposure standards; however, the mining industry is in a position to benefit from emission controls developed for the on-highway diesel engine market. The U.S. Environmental Protection Agency (EPA) has enacted regulations to reduce emissions from on-highway diesel trucks and buses. Engine manufacturers have responded by developing cleaner burning engines. Fuel producers have responded by providing cleaner burning reformulated diesel fuel, and exhaust aftertreatment devices have been developed to provide additional emissions reductions. Bureau research and development projects seek to determine the advantages of using modern engines and fuels, and to evaluate the efficacy of new exhaust control devices on mining machines. It appears that the diesel engine will continue to be a practical power source for use in confined environments because no other available power source is as mobile and efficient.

Jan 1, 1993

ALTHOUGH it has been a matter of about one hundred years since the idea of the internal-combustion engine entered the mind of the inventor, the practical application of its use was not attained till 1860, when Lenoir produced an engine similar to the ordinary highpressure steam engine, with the valves arranged to admit the explosive mixture and the discharge of the exhaust gases. In this case no attempt was made to compress the gas before ignition, as it was then considered that the explosion under these conditions had a detrimental effect, inasmuch as it would act as a sudden blow to the working parts. Indeed, he went so far as to inject steam and water sprays to reduce the explosion.Under these conditions the consumption of gas was exceedingly high-about 106 cub. ft. of coal gas per b.h.p. per hour but the mechanical effect showed that the engine ran in every respect as smoothly and quietly as in best steam-engine practice.The extravagant consumption of this engine was clearly pointed out at the time by Gustav Schmidt in a paper before the German Society of Engineers, wherein he states :-" The results would be far more favourable if compression pumps, worked from the engine, compressed the cold air and cold gas to three atmospheres before entrance into the cylinder. By this means a greater expansion and transformation of heat is possible."

Jan 1, 1912

By Hans Lundberg

N OT so long ago, the discovery of an orebody took place only by accident. At the present time mineral deposits, even though concealed, may be revealed by their physical or geophysical characteristics, considered in connection with geological studies. Geophysical methods are based on sound, scientific principles and in no sense partake of the mysteries of "divining-rod " methods. Geophysical methods are divided into two main groups: Group I: Methods where fields of force surrounding mineral deposits are investigated (magnetic, gravitometric, electric) ; Group I1 : Methods where fields of force are applied (produced) and anomalies caused in these fields by mineral deposits are recorded (electric, seismic). By methods belonging to Group I, the investigation of the fields of force may be brought to an astonishing degree of accuracy by means of highly sensitive and delicate apparatus (torsion and magnetic balances) ; at least, in simple cases these methods have proved to be of great value.

Jan 1, 1925

By L G. B Wadley

The Australian gold industry has made large steps forward in the last few years. This progress has been driven by improvements in mining and processing technology, the high price of gold and by a favourable legislative, political and taxation environment. This paper concentrates on improvements in gold project development, process engineering and technology as seen by BHP Engineering, Perth, Australia. The paper describes technical aspects of successful gold project development including metallurgical test work, feasibility studies, choice of process flow sheet (gravity, heap leach, carbon in pulp (CIP), carbon in leach (CIL) or other routes). It sets out our views on plant design, plant construction, procurement and project management. A case study for a small plant recently completed in the Philippines is presented as a solution to the problems often encountered in treating quartz vein gold deposits.

Jan 1, 1990

By H. J. McQueen

Large-scale industrial production of pipe began with longitudinal hot pressure welding of wrought iron by passage of skelp (narrow strip with beveled edges) through a die or bell that curled it about a longitudinal axis until the edges were forced together. Such small to medium tubes could be reduced by rolling or drawing; with threaded connections, they were excellent for distribution of clean water and of illuminating gas for street, home and industrial lighting. Although steel lacks the fluxing slag for pressure welding it has hot strength similar to iron; hot-pressure bell welding was advantageously transferred to steel in long coiled strip with 50% higher cold strength. For pipe without weld-line defects, hot cupping followed by Pilger mill rolling produced tubing that revolutionized bicycle quality and high-pressure service for boilers and chemical processing. Mannesman hot rotary piercing produced long thick walled tube that permitted reduction or expansion by rolling to provide pipe sections up to 60 cm diameter and 12 m long. During 1910 - 1940, oil and gas pipeline technologies, notably welding evolved markedly as they proliferated in the United States, in response to far-flung petroleum fields, expanding industry consumption and the automobile revolution. In the Second World War combat pipelines were laid rapidly, such as: the Canol line through the Yukon to Alaska, and fuel supply lines across the channel and through liberated France. Perfection of welding techniques for both longitudinal and spiral weld large diameter pipe in combination with controlled-rolling of micro-alloyed steels made possible reliable Arctic pipelines. The development of pipe production and utilization in Canada is recounted. The fabrication techniques and metallurgical controls are explained.

Jan 1, 2005

By C. A. Heiland

For a long time it has been known that it is possible to deduce conclusions about the physical constitution of the interior of the earth from the records of natural earthquakes obtained by stationary seismographs. In view of this fact it is surprising how late, relatively speaking, geologic prospecting by seismic methods has been taken up, although the first suggestion was made 40 years ago- that travel-time curves of artificial explosions might be used for the study of the change of the velocity of seismic waves as depth. Further suggestions of practical applications of artificial explosions for geologic purposes were made by Belar,2 by von dem Borne,3 by Benndorf4 and by Galitzin,5 but it was not until 1919 that Mintrop obtained. a patent on the seismic prospecting method which he has applied commercially on a large scale ever since. Dr. Mintrop came to this country with his method at about 1923. Since that time, several. American oil companies have developed seismographs of the mechanical type for the vertical component similar to that of Mintrop's (Humble Oil Co., Dr. Ricker). Other consulting geophysical companies designed other types of seismic devices, the simplest of them for the recording of the first impulse being the geophone (McCollum Geophone Co.). The galvanometric recording method as first proposed by Galitzin is being used (Geophysical Research Corpn.?) and use is being made even of the piezoelectric properties of crystals for portable seismographs (F. Rieber).. There is such an enormous variety of all kinds of portable seismographs, vibrographs, accelerographs, etc., that it is difficult to decide just what kind is preferable. Unfortunately, nothing has been published as yet about American designs of portable seismographs, except the Wood Anderson torsion-seismometer. After Mintrop's design of portable seismographs, other constructions were made.

Jan 1, 1928

By Gajraj Rathore

With the advent of modern HRM ( Hot rolling mills) with capacities beyond 5 Million tons with corresponding enriched CRM (Cold Rolling Mill) capacities, the throughput per hour exceeds invariably beyond 50 coils per hour making it possible to manage, track, handle, transport, store and dispatch inevitably with an automation system supplemented by corresponding software and hardware. This is true with respect to the production of Cold rolled Annealed, Galvanized, Continuously Annealed, Galvalume, CRGO, CRNGO and Colour coated coils which need total care in handling, tracking and dispatch. Understanding the above needs precisely JSW, Vijayanagar, India, has rightly gone in for a total automatic Yard management system and ASRS wherein the coils are handled as much as possible automatically in cradles without any damage insuring the receipt of coils to the customer as was produced. This CRM 2 has been commissioned and is operating with maximum automation with least manpower and max productivity with assured quality and safety. Pesmel OY Finland had the opportunity to Design, Supply and Commission this system which is first in the country and this technical paper analyses the above project as a case study enlisting the sound technical aspects as well as emphasis on the techno economics with assured ROI (Return on investment) and enhanced efficiency.

Aug 16, 2017

By T. Rudolph, M. Pawlik, J. Benndorf, X. Yin, J. F. Brune, P. Goerke-Mallet

The long and often undefined period in the post-mining phase challenges geo-monitoring with its various responsibilities, like the detection of environmental changes, ground movements and water management. Modern methods of geo- and environmental monitoring observe numerous aspects using active and passive sensors with multispectral, hyperspectral and microwave sensors, with diverse spatial dimensions and spatiotemporal resolutions from satellites, Unmanned Aerial Vehicles (UAVs), in-situ sensors. Data integration, together with on-site knowledge and experience, provides the basis for comprehensive modeling, which improves the understanding of the environmental changes and their related causes, which is an essential step for public acceptance. In this paper, we aim to give a brief overview of various geo- and environmental monitoring methods.

Mar 2, 2022

By David P. Hale

THE Cartersville barite district is near Cartersville, Ga., in the southeastern part of Bartow County, about 43 miles northeast of Atlanta. The area over which active mining is being done extends about six miles in a northeasterly direction and is about three miles wide. Barite production in Georgia began about 1907,1but the existence of the mineral was known much earlier. At present four companies are operating washing plants and three other plants are operating on leases from those companies. The chief impurities in the ores are silica and iron oxide. The silica is easily washed and jigged out and gives little trouble. Any gravity separation between the iron and the barite is generally poor, owing to the slight difference in specific gravity. Two operators have turned to magnetic separation as the solution to the problem and have made remarkable improvements in the finished product. By very close sizing prior to jigging, the separation between iron and barite has been greatly improved. In some localities manganese occasionally appears as an impurity, but is fairly easy to eliminate by gravity methods. A considerable percentage of iron and silica is eliminated by being broken free in crushing. Until methods for the recovery of fine ore were introduced a minimum of crushing was done, but modern methods allow more than formerly. The depression years brought about the need for increased recovery of ore handled on the part of the producers and a demand for a higher grade of product on the part of the buyers. Improvements in milling and mining practice have had a far greater effect, however, than merely the production of a better grade of ore with greater recovery. They have opened for mining large areas that a few years ago were considered noncommercial deposits because of their inaccessibility and their high iron content. It is no exaggeration to say that the new methods have more than doubled present known reserves of barite ore of economic value.

Jan 1, 1938

By Edwin R. (Original by) Phelps

Surface mining refers to the process of removing the material (over- burden) overlying a coal seam and exposing the coal so that it can be loaded out and conveyed by trucks or other methods to the preparation plant or other facility. Surface mining has not always been important in the coal industry. In the early 1900s, almost all of the coal mined in the United States was mined by underground methods. In 1900, about 192 Mt (212 million st) of bituminous coal were mined and less than 1% was mined by surface methods. The development and use of larger equipment has allowed surface mining to gain prominence throughout the years. Table 1 shows the total production of coal by mining method in the United States for ten-year periods since 1920 and indicates the growth of surface-mined coal production. Surface mining will undoubtedly continue to account for a large percentage of the coal production in the US for many years because: 1) The capacity of surface mining excavators has continued to increase. Today, mining companies are using shovels (see Fig. 1) which are able to move up to 137.6 m3 (180 cu yd) in each bite and draglines (see Fig. 2) which move up to 168.2 m3 (220 cu yd) in each bucketful. 2) Increasing tonnage from the thick western coal seams is being produced by surface mining methods. 3) Surface mining has normally had lower costs and a better safety record than underground mining; 4) Surface mining normally recovers a- much higher percentage of the coal reserve than can be recovered by underground mining. 5) Some coal measures can best be extracted by surface mining [ ] methods because of geologic reasons such as the nature of the roof or bottom, thickness of the seam, multiple bedding, etc.

Jan 1, 1981