Search Documents

By Manuel Viera

El modelo Viera-Hurwick es una herramienta para la valoración económica de activos mineros. Es práctica, de fácil aplicación y arroja muy buenos resultados para un proceso de compra-venta. Se presenta el caso de estudio real del prospecto Greenfield Manuelita I Ongon Patazun, que se evalúa con esta metodología a nivel de exploración básica. Después de aplicar técnicas tales como árbol de decisiones, flexibilidades, Hurwick, estadística bayesiana, Hoskold, opciones reales, entre otras, se concluye que esta metodología, por su simpleza, arroja buenos y rápidos resultados que concuerdan totalmente con otros métodos y son plenamente aceptados por el código australiano VALMIN de valoración económica de activos mineros.

Sep 20, 2019

By D. Ling, Santos. R. M., T. Van Gerven, M. Guo

The valorization of alkaline waste materials from thermal processes utilizing intensified mineral carbonation routes is investigated. The principal advantages of this approach are the chemical stability and storage safety of mineral carbonates, the opportunities for process integration presented by the technology, and the potential for conversion of low-value materials into useful products. Treatment and disposal of steel slags are a costly burden on steel plants. Sustainable solutions for Argon Oxygen Decarbonisation (AOD) and Continuous Casting (CC) stainless steel slags and Basic Oxygen Furnace (BOF) steel slag are desired. An integrated on-site mineral carbonation approach is envisaged as a favourable solution.

Jan 1, 2011

By Alessandra Labrin, Gloria Guevara, Dulce Trujillo

El presente estudio busca demostrar que la aplicación del método del Precio Comparable No Controlado (PCNC), tal como se encuentra estipulado en el Artículo 113-A1 del Capítulo XIX del Reglamento de la Ley del Impuesto a la Renta, en lo que respecto los precios de transferencia, es inflexible para analizar las operaciones de venta de concentrados de minerales a empresas vinculadas y domiciliadas en países o territorios no cooperantes o de baja o nula imposición. Usando un modelo de regresión lineal, se estima una ecuación que permite medir el impacto de cada componente de la fórmula del precio de venta del concentrado sobre el precio final. Los resultados sugieren que el costo de tratamiento (o maquila) es el componente que tiene el impacto más significativo sobre el precio final.

Sep 30, 2022

By Gerardo Dalla Porta

El presente texto describe el incremento de ingresos de una empresa minera polimétalica a través del manejo coordinado de la información procedente de las áreas geológicas, minas, planta y comercialización. De esta forma, la geología solo es útil en yacimientos polimetálicos cuya distribución de valores es homogénea. Respecto de la mina, la contraposición entre los datos confiables de ventas y los costos, genera el planeamiento especial de la extracción. El uso de la información de la planta concentradora de 90 días de operación, permite complementarla con otros datos de la planta concentradora. Finalmente, el proceso de comercialización describe los resultados próximos que obtendrá la planta minera para las diferentes leyes y grados de concentración, buscando el grado máximo por tonelada de cabeza.

Nov 24, 1986

By NILAMADHABA SAHU, Gajanan U. Kapure, Pankaj Kumar, Sunil Kumar Tripathy

Chromite ore processing tailings and low-grade manganese ores are typically considered waste due to their limited or negligible utility, leading to environmental and storage concerns. Researchers globally have explored various methods to utilize or upgrade these wastes, particularly because dumping chromite ore has been linked to severe health issues through Cr(VI) leaching. Individually, these ores lack economic value, and there has not been research on simultaneously reducing both low-grade ores. In this study, the focus lies on smelting these ores together, aiming to create a precursor alloy for 200 series stainless steel scrap. Initial research indicated the potential for scrap formation, validated through lab experiments with varying coke rate, basicity, and holding time. The investigation discovered that smelting this combination could yield a metal product comprising 59% Fe, 24.93% Cr, 7.56% Mn, 0.62% Ni, and 0.93% Si. The optimum basicity was found to be 0.6 with 80% recovery. Notably, this process eliminates intermediate steps in 200 series stainless steel production, potentially reducing overall CO2 emissions. This proposed method represents a cleaner, sustainable approach to repurpose these two waste ores, projecting a net profit of USD 330 per ton.

Jan 10, 2024

By Laura Suarez, Jörgen Kajberg, Pär Jonsén

In recent years, slag, a residue from pyrometallurgical processes, has become more attractive in circular economy frameworks to increase the efficient use of resources throughout the life cycle of steel products and help in the reduction of carbon emissions. Its applicability is strongly dependent on the particle size, and therefore, the optimization of breaking processes should be approached by increasing the knowledge of the dynamics of slag to promote fracture. Increasing the knowledge on themechanical response ofmanganese slag opens up the potential for the development of cost-effective numerical models, e.g., constitutive models based on inverse engineering calibration frameworks or digital twins. In this study, rate-dependent tests of manganese slag have been performed using a split Hopkinson pressure bar device for testing its dynamic mechanical response. In order to obtain information about the crack initiation and fracture process, 2D ultra-high speed imaging was implemented with a sampling frequency of 663,200 fps for diametrically loaded specimens. Full-field deformation measurements using digital image correlation (DIC) techniques showed a staggered fracture process where failure points on mechanical response curves vary due to the internal events happening in the material. Localized frictional occurrences and inertial effects acting inside the pre-cracked matrix have a strong effect on the global mechanical response, and therefore, a great variability of strengths was obtained.

Nov 3, 2023

By Ki Joo Sim, Sung Beom An, Joonho Lee, Minsoo Shin

Valorization of the electrical arc furnace oxidizing slag by coke was carried out by the reduction of iron oxide in the slag. Since the reduction of iron oxide by solid carbon is an endothermic reaction, supply of heat energy is required. In addition, slag has a low thermal conductivity; traditional fuel injection is not suitable for this reaction. Microwave can be used to supply heat energy to the system. Commercial oxidizing slag was reduced by coke under the microwave irradiation (1.7 kW, 2.45 GHz). The maximum recovery ratio of iron was 87%. In addition, slag composition modification was attempted to use the remaining slag for a mixture in cement clinker. Free-CaO in the slag was successfully suppressed, and the use of the remaining slag as a potential mixture was confirmed.

Jan 1, 2014

By M. B. Kime, E. K. Kanowa

"Heap leaching of low-grade copper-cobalt oxidized ore and solvent extraction of copper, cobalt, manganese, and zinc were investigated. Heap-leaching parameters were optimized using agitated and tray batch leaching tests, capped by tests on a pilot semicontinuous heap-leach plant. The optimum pregnant leach solution yielded 2,350 mg/L Cu, 3,800 mg/L Co, 3,600 mg/L Fe, 130 mg/L Mn, 25 mg/L Zn, and 0.58 g/L solids in suspension, with pH and acidity of 1.27 and 3.66 g/L, respectively. Copper, cobalt, and impurities (Mn and Zn) were extracted using (v/v) 30% CP-150, 20% IONQUEST® 290, and 20% D2EHPA, respectively; overall recoveries of copper, cobalt, and impurities were 98, 99, and 70%, respectively.RÉSUMÉ La lixiviation en tas des minerais oxydés de cuivre et de cobalt et l’extraction par solvant du cuivre, du cobalt, du manganèse et du zinc ont été étudiés. Les paramètres de lixiviation en tas ont été optimisés à l’aide d’essais de lixiviation en discontinu sur un plateau, complétés par des essais relatifs à une usine pilote de lixiviation en tas en semi-continu. La liqueur-mère optimale a produit 2 350 mg/L de Cu, 3 800 mg/L de Co, 3 600 mg/L de Fe, 130 mg/L de Mn, 25 mg/L de Zn et 0,58 g/L de solides en suspension, avec un pH et une acidité respectifs de 1,27 et 3,66 g/L. Le cuivre, le cobalt et les impuretés (Mn et Zn) ont été extraits avec un pourcentage volumique (v/v) de 30 % de CP-150, de 20 % d’IONQUEST ® 290 et de 20 % de D2EHPA, respectivement. Les récupérations totales de cuivre, de cobalt et d’impuretés étaient de 98 %, 99 % et 70 % respectivement.INTRODUCTIONBoss Mining S.P.R.L. is a privately owned hydrometallurgical plant located in southeastern Democratic Republic of Congo. It treats oxidized ores of copper and cobalt that are recovered by sulphuric acid heap leaching (Trujillo, Cisternas, Gálvez, & Mellado, 2014; Kime, Kanowa, Mulaba- Bafubiandi, & Diyambi, 2016) and solvent extraction processes (Crane, Urbani, Dudley, Horner, & Virnig, 2009; Fisher, 2011; Kime et al., 2016). The ore to the plant is primarily sourced from the Luita and Mukondo mines. Geological prospecting work by Gecamines and Boss Mining showed that the Mukondo mine contains a very large cobalt reserve not yet exploited, but with grades as low as 0.2%.Currently, Boss Mining is focusing on the production of copper, but is investigating methods to efficiently produce both copper and cobalt. A challenge in the production of cobalt from this ore is its presence in the third oxidation state. This requires the addition of reducing agents, which increases the overall operating cost (Kime & Makgoale, 2016). Cobalt solvent extraction is also very sensitive to impurities such as nickel, zinc, manganese, and aluminum, which are often co-extracted (Swartz, Donegan, & Amos, 2009). This sensitivity to impurities requires the optimization of operational parameters to lower impurity levels as much as possible in the electrolyte."

Jan 1, 2017

By Luciano R. G. Santos

Keywords: biosorption, cadmium, copper, biomass, spent zeolite. The majority of the industrial activities produce some kind of solid wastes. In this work two industrial residues (spent zeolite and wood sawdust) were chemically modified to increase their heavy metals sorption capacities. Manilkara longifolia (a Brazilian plant known as parajú) sawdust was first treated with NaOH and modified with different citric acid concentrations (0.6-1.2 mol/L) at 120°C, for 90 min. Infrared spectroscopy confirmed the presence of carboxylate groups in the wood structure as result of their mixing. Similarly, spent zeolites were also submitted to a chemical treatment (NaOH) to remove carbon deposited during oil cracking and to recover its sorption capacity. Batch experiments carried out at ambient temperature showed that both materials present sorption capacity for copper and cadmium comparable to weak acid ion exchange resins. A maximum of 78 mg-Cd/g and 59.7 mg-Cu/g as well as 29.9 mg-Cd/g and 14.6 mg-Cu/g were observed for the sawdust and the zeolite, respectively. The results were modeled according to the Freundlich and Langmuir equilibrium isotherms and compared with results of other studies.

Jan 1, 2005

By R. L. Machunda, A. M. Rugaika, D. D. Mdachi

Sedimentary and igneous rocks are the two primary sources of phosphate that are mined and beneficiated to fertilizer. During the beneficiation process, phosphate is lost into the tailings. We investigated phosphate concentrations in tailings dumps at Minjingu mine, Tanzania using energy-dispersive X-ray fluorescence spectrometry to quantify the chemical compositions. The phosphate content in the tailings varied from 12.91% phosphorus pentoxide (P2O5) in Tailings 2 to 19.61% in Tailings Dump 1. The naturally occurring phosphate concentration in rocks ranges from 3% to 35%, and phosphate tailings from various locations with P2O5 concentrations as low as 6.46-12.65% have been beneficiated to commercial fertilizer. Our investigation revealed that phosphate concentrations in Minjingu tailings may be sufficient to be recovered for commercial applications. Suitable recovery methods are discussed, and we recommend that beneficiation should be performed to minimize the loss of phosphate into tailings. Further research is needed to identify the optimal beneficiation methodology.

Aug 8, 2024

By Barbara Mazzini Loureiro

As placas de circuito impresso (PCI) são materiais heterogêneos e sua composição pode variar em função do ano de fabricação, tecnologia empregada, propósito de utilização, legislações vigentes e país de origem, entre outros. Essas características interferem diretamente no valor econômico agregado a estes resíduos, pois dependem da composição dos mesmos, de tal maneira que as empresas recicladoras tomam como base essas informações no momento da aquisição da sucata. Assim, a classificação e caracterização de PCIs é de suma importância para o mercado de reciclagem de resíduos eletroeletrônicos. A fim de alcançar este objetivo foi realizada cominuição em moinho de facas utilizando grelhas com abertura de 9, 6 e 3mm. A etapa de caracterização incluiu ensaios de digestão em água régia, perda ao fogo, análises química quantitativa por ICP-OES e MEV/EDS. Verificou-se que o lote de PCI estudado possui 39,5% de material cerâmico, 34,5% polimérico e 26 % metálico. A porcentagem em massa de cobre na placa é de 14,28%, de ferro 3,73%, de ouro 0,012% e de estanho 1,29%. O lote não é lead free e é multilayer com quatro camadas de cobre.

Aug 8, 2018

Valuable Components Recovery from Lead-Zinc Metallurgical Slag

Sep 13, 2010

By Joseph Hamuyuni, Fiseha Tesfaye, Daniel Lindberg

E-waste management through traditional methods such as disposing in landfills, burning in incinerators or exporting abroad for disposal are no longer options due to the strict environmental regulations. Fortunately, the presence of valuable metals in the e-waste and increasing demand for the metals as well as complexities of the currently available primary raw materials make recycling an attractive and viable option both environmentally and economically. Moreover, it is efficient in terms of resource management by closing the loop of metals. Consequently, urban mining such as the recovery of precious metals from e-waste streams through sustainable recycling processes have emerged. The sustainable recycling practices address the scarcity of primary resources and reduce consumption of energy for metals production while managing environmental issues related to hazardous materials from the e-waste streams. In this paper, valuable metals recoveries from e-waste streams through pyrometallurgical and hydrometallurgical processes are critically reviewed. And, innovative ideas for different steps of the thermochemical processes in the valuable metals and energy recovery from the e-waste streams are discussed.

Mar 1, 2017

By R. Lawrence

Mineral property valuations to be used for Canadian securities regulatory purposes must comply with CIMVal1. The technical basis for a CIMVal report is the same as that required for a technical report that complies with NI 43-1012. NI 43-101 describes the content to be covered in a technical report, while also covering other requirements, one of which is that the report should be based on a property visit. CIMVal is based on five tenets that the valuator must follow: ? Materiality. ? Independence. ? Transparency. ? Competence. ? Reasonableness. Upon its adoption by CIM Council in 2003, it was hoped that the new CIMVal code would be adopted without change by the several Canadian regulators.

Jan 1, 2011

By Oliver Bradley

THE utilization of casing-head gas in the manufacture of casing-head gasoline by both the absorption and the compression method is a most important factor in the conservation of our natural resources.. Any industry connected with the oil business, in general, possesses particular attraction for a large number of people not conversant with its basic principles, for the reason that the large fortunes made in the production and utilization of petroleum and its products have been given undue prominence. The general impression of the public that enormous profits are to be realized in the casing-head gas industry with minimum expenditures of both capital and effort has, in a large measure, accounted for the phenomenal expansion of the industry in recent years and, likewise, has resulted in many mistakes and loss of investment funds. It is true that many installations have been very profitable, but such instances are always the result of careful planning, experienced judgment and conservative estimates. The inception and subsequent activity in the manufacture of casing-head gasoline, enabling the business to assume an important position in the petroleum industry, are of, comparatively recent origin, as its greatest growth, particularly in Oklahoma, occurred during the years 1917 and 1918. Much information must yet be secured and systematized concerning the methods of manufacture of gascline from high-yield casing-head gas, and a large field is still open for the application of accumulated experience and good engineering practice in devising better methods of extracting gasoline from casing-head gas of the poorer grades. The absorption process is coming into general use as a most efficient system of treating casing-head gas, and even so-called dry gas. In fact, there is a decided tendency toward the universal adoption of the absorption process as against compression methods. However, a general discussion of the relative merits of these two systems is not within the scope of this article.

Jan 9, 1920

How the Australasian and Canadian Codes (VALMIN and CIMVal) approach mineral property valuation is described. Brief comment is also made on the International Valuation Standards CommitteeÆs interest in a global valuation standard for Mineral (Extractive) Industries and the South African SAMREC initiatives to adopt a VALMIN-like Code. The conventional tripartite classification of valuation approaches into those that are Market-based, Income-based and Cost-based is outlined. It is best practice to use as many of these approaches as possible (and as many methods as reasonable in the particular circumstances), given the quantity and quality of the data available on the Mineral Asset (which depends upon the state of development of the mineral property). The use of specific methods must satisfy the basic considerations of logic and reasonableness and the purpose of the valuation. The competence, judgement and repute of the valuer are critical factors, since all valuations are time and circumstance specific. What constitutes æMarket ValueÆ in the different jurisdictions is discussed and definitions are given. Challenges facing the globalisation of a VALMIN-type Code for the international Minerals Industry are the influence of real estate valuers and the US jurisdictional idiosyncrasies. This is mainly due to a fixation on real property rights with a preference for using real estate-like comparative sales techniques (Market Approach) to the exclusion of Income-based approaches; a regulatory reluctance in the US to accept that Resources have considerable value; and the International Accounting Standards BoardÆs preference for Historical, rather than Current Value, accounting.

Jan 1, 2002

By A. L. Slaughter

A mineral deposit has been discovered and explored sufficiently to establish the presence of ore in ?commercially marketable quantities," This is the point at which exploration ends and development begins, Of course, when the presence of commercially marketable quantities of ore are thought to be present the deposit had to be evaluated before this decision could be reached. If, on the other hand, it was thought that commercially marketable quantities of ore are not present, either more exploration has to be done or the project must be abandoned. It is this decision with which this paper is concerned, more particularly, the influencing factors behind this decision. The final question to be answered is: what profit can my company reasonably expect to make by developing this property and putting it into production? The answer must be expressed as a figure for final profit per ton, money which can be used to pay dividends or to build up cash reserves. Some acquisition cost has probably been paid and the exploration cost incurred at the time of decision, (abandonment or development). In addition to returning these acquisition and exploration costs, the deposit must pay development, mining, milling, capital expense of new plants and equipment, taxes, and various other related costs.

Jan 1, 1958

By D. R. Young

Drilling exploration over the Wesizwe Platinum Limited?s Pilanesberg Project has identified the Merensky Reef at depths varying from 594 m to 1 552 m depth. Merensky Reef thickness varies from 0.05 m to 3.63 m and contains PGE(4) mineralization above a cut-off grade of 1.0 g/t over intersection widths of 0.95 m to 2.63 m. Four distinct facies types have been identified over the property, viz.1) Normal Merensky Reef, generally 1.2 m thick, bounded by thin top and basal chromitite layers and composed of upper feldspathic pyroxenite and lower feldspathic olivine pegmatoids containing base metal sulphide mineralization overlying poikilitic anorthosites. 2) Single chromitite Merensky Reef, generally0.15 m thick and usually devoid of internal silicate material, overlying variable stratigraphy containing significant base metal sulphide mineralization. 3) Detached Merensky Reef, generally1.0 m thick, bounded by thin top and basal chromitite layers and composed of feldspathic pyroxenite or pyroxenite containing base metal sulphide mineralization overlying Merensky Pyroxenite. 4) Normal footwall Merensky Reef, generally 1.8 m thick, bounded by thin top and basal chromitite layers and composed of feldspathic pyroxenite containing base metal sulphide mineralization overlying norites also containing significant base metal sulphide mineralization. The PGE(4) content?s (g/m2) distribution for the global intersection data appears to be lognormal, and conversion to lognormal space produces a near normal distribution which could be interpreted as a compound lognormal distribution. The mean PGE(4) contents estimated by these three different distributions are the same, and thus do not impact on the contained metal. Data for the Normal Merensky Reef facies type are sufficient to indicate that a normal distribution is followed for this facies type, and therefore does not need to be transformed to log space for estimation of the mean and the 90% confidence limits. A global evaluation based on all of the data is compared with a facies-weighted evaluation. The latter method is noted to provide a better definition of the associated estimation errors and thus potential classification of Mineral Resources. A valuation of $20.95 for Inferred and $41.90 for Indicated PGE(4) ounces is applied to both of the evaluations and compared. The global evaluation is considered to over-value the project by approximately 40%, thus indicating that valuations based on global summary sampling data that have a compound distribution may be materially flawed, and that cognizance of the underlying geology is crucial for unbiased valuation.

Jan 1, 2006

By Hrayr Agnerian

The fair market value of an exploration property is determined by its potential to host a mineral deposit. This potential is gauged by the results of previous exploration, exploration stage, meaningful past expenditures and remaining targets that are not yet tested. Values of exploration properties can be viewed as distinct points in a three-dimensional space defined by orthogonal axes, namely: Exploration Stage (x-axis); Cumulative Expenditures (y-axis); and Property Value (z-axis). In general, these values are estimated by applying activity factors on previous exploration expenditures, e.g. an activity factor of 100% for an active property with good potential and a factor of 50% for an active property but past expenditures have not upgraded the property. At certain periods, a market factor may also be applied to reflect the activity of mineral property acquisitions. For properties that do not exhibit any exploration potential, only nominal values are applied.

Jan 1, 1996

This paper examines the issues involved in the technical audit and valuation of exploration prospects. Certain methodologies are more appropriate to use depending upon whether the mineral property valuation is of an exploration area, a project under development, or an operating mine. Valuation approaches that are reviewed include the Multiple of Exploration Expenditure, Joint Venture Terms, Rules of Thumb, and particularly the Kilburn Rating Method. The DCF/NPV Financial Simulation Method, even modified by the use of Expected Values, is not considered appropriate for valuing exploration prospects. The choice of the most appropriate methodology and its successful application depends primarily upon the amount of reliable input data available and, more importantly, the experience and judgement of the valuer. It must be remembered that all valuations are time and circumstance specific and will be generally subject to revision as more data becomes available.

Jan 1, 1993