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By Dodd SF

Valuation of mining companies and their underlying assets prepared by brokers' analysts are, by necessity, approximations. The reliability of the valuations is entirely proportional to the quality of available data, the reliability of forecasts and the nature of underlying commodity price assumptions. The latter is perhaps the greatest single cause of gross variations in company and asset earnings estimates and- valuations. Assumptions are often necessary regarding commodity price achievement based on commodity hedge positions. Public disclosure from listed companies provides a sound base from which to project earnings, cashflows and balance sheets. The uncommon disclosure of projected production and cost schedules often reduces the reliability of future estimates. The application of reserve and resource estimates is contentious with practitioners applying differing weightings to importance of resources in estimating mine lives (and therefore cashflow streams). Valuation methods applied in equity markets usually focus on relative value and the identification of pricing anomalies. The commonest ""rules of thumb"" applied in the valuation of mining companies (and therefore their underlying assets) is with the use of year specific price/earnings (P/E) and price/cashflow (P/CF) ratios, with low multiples suggesting undervalued assets, high multiples overvalued situations (but these rules can often be clouded by market expectations of underlying commodity price movements). Another simply applied valuation tool is to examine the examine the value placed on reserves and resources by the market. Inexpensive gold in the ground (expressed as $ of market capitalisation per ounce of reserves or resources) might indicate a buying opportunity, but the market does discount the value of gold in the ground prior to mine development and where development risk is perceived.

Jan 1, 1994

By Larry G. Twidwell, Jannette L. Chorney, Bryce D. Ruffier, Katelyn M. Lyons, Daniel W. Gaede, Ryan J. Foy, Jerome P. Downey

The Metallurgical and Materials Engineering Department at Montana Tech is investigating various methods of extracting and refining rare earth elements from mineral ores and concentrates. As part of this research, an elevated temperature “roasting” process has been evaluated as a means of converting the rare earth elements contained in various matrices to bromides as a pretreatment step in preparation for downstream rare earth element extraction and recovery operations. Laboratory and bench-scale experiments have been performed to assess the effects of varying temperature (150 to 400° C), time (1 to 4 h), and the ammonium bromide to rare earth oxide molar ratio (6 to 24) in the roaster charge. The results show that nearly complete bromination of the rare earth oxide is achievable when the roast is performed under optimum conditions.

Jan 1, 2015

By A. P. Anderson, J. H. Jensen, W. E. Breckoff

Bromine is the intermediate member of the halogen family of elements between iodine, a solid, and chlorine, a gas. The name is derived from the Greek "bromos," meaning stench. Bromine is the only nonmetallic element that is liquid at room temperatures with a melting point of -7.2° C and a boiling point of 58.78º C. Reddish brown in color, it dissolves easily in water to yield a red solution. Bromine volatilizes at ordinary temperatures to a red vapor that is very irritating to the eyes, nose, and throat. Density of the liquid is 3.12 and gas weighs 7.59 gpl at standard conditions. As the element is highly active, it exists in nature only as bromide compounds. Bromine was discovered by Antoine Jerome Balard in seawater bitterns in 1826 and first prepared in quantity in 1860. Distribution Bromine is widely distributed in nature and compounds occur in solution in natural brines, in seawater, saline lakes, oil and gas well brines, and in evaporite chloride minerals. The concentration of bromine salts ranges from 60-65 ppm in seawater to several thousand ppm in oil well brines and saline lakes. The distribution of bromine in marine evaporite minerals and in the solutions from which they crystallized was determined many years ago by H. E. Boeke (1908). Theoretical aspects regarding the geochemistry of bromine have been published in numerous papers (Raup and Mite, 1969). Bromine occurs in solid solution in carnallite and sylvite associated in potash deposits; in halite in salt beds; salt in oil shales; and in trona deposits. Its presence is useful as a guide in geochemical exploration. The analysis of small amounts of bromides in the presence of large amounts of chlorides is discussed by W. Schwerdtner (1963). Manganese, iron, and iodine may interfere with the determination. Other analytical methods are discussed at length in the literature (Stenger and Atchison, 1964). Sources and Reserves The sources and reserves of bromine, given in Table 1, appear ample to meet present and foreseeable requirements in all producing countries. With the occurrence of bromine salts in seawater and other brines, the potential for bromine production is worldwide. It has been estimated that 99% of all commercially recoverable bromine is in the ocean. However, actual subterranean brines having a higher bromine content than seawater will continue to be the preferred sources of bromine for the foreseeable future. [ ]

Jan 1, 1983

By William H. Pailes, Vincent Castronova, Daniel Lewis, Norman L. Lapp, George Goodman

"INTRODCJCTIONAlveolar macrophages are free lung cells located on the surface of small airways and alveoli. These phagocytes play an important role in the protection of the lung against airborne bacteria and particles.1 However, hyperactivation of pulmonary phagocytes can lead to excessive secretion of enzymes and reactive oxygen species which could result in lung injury, emphysema, or fibrosis.2,3 Analysis of bronchoalveolar lavage effluents for cell types and cellular activity has yielded information concerning the etiology of various pneumoconioses. For example, emphysema associated with inhalation of coal dust or cigarette smoke has been related to enhanced secretion of reactive oxygen species from alveolar macrophages.4-7 In contrast, hypoactivation of alveolar macrophages has been associated with inhalation of diesel particulates"" and has been related to increased susceptibility to pulmonary infection. s Inhalation of cotton dust has been associated with dramatic increases in lavagable polymorphonuclear leukocytes9 while pulmonary sarcoidosis and silicosis have been related with high numbers of lymphocytes in lavage effluentsl0,11The objective of the present study was to obtain lavage effluents from 8 control subjects, 8 healthy power plant workers exposed to fly ash, 1 healthy coal miner, and 1 rock driller with acute silicosis. These effluents were analyzed for total numbers of alveolar macrophages, lymphocytes and neutrophils and for secretory activity of alveolar macrophages. Data were then analyzed to determine what response patterns were characteristic for given dust exposures.METHODSSelection of SubjectsThe 8 control subjectS were all adult males from the area of Morgantown, WV. Two subjects among the controls had smoked cigarettes for approximately three pack-years and had stopped more than ten years ago. The 8 power plant :workers were all healthy adult male employees of a power facility in Hatfield, PA, approximately thirty miles from Morgantown. One of the power plant personnel was a comparable ex-smoker. The remaining subjects were all lifelong non-smokers. The coal miner was a healthy non-smoking male from Morgantown, WV. The rock driller was a patient under treatment with corticosteroids for acute silicosis. He had shown considerable clinical improvement with this treatment but still manifested significant radiologic and pulmonary functional abnonnalities at the time of lavage. The mean age of the 8 control subjects was 36 years (range: 31 to 49 years); the mean age of the remaining subjects studied was 38 years (range: 29 to 53 years)."

Jan 1, 1990

In the five years since Great Central Mines Limited (GCM) commenced exploration in the Jundee and Bronzewing areas of Western Australia's Yandal greenstone belt, the Company has been transformed from a junior explorer into Australia's fourth largest gold producer with annual production of approximately 440 000 ounces and mineral resources of seven million ounces of gold.The growth in resources has been driven by a high quality geoscientific approach, supported by a substantial budget for drilling and strong management commitment. In 1997, the Company expects to spend US$30 million on exploration in the Yandal greenstone belt.

Jan 1, 1997

By L. J. Barnes

The process for bio-remediation of sulphidic slag (BROSS) operates at 45 degrees C in a neutral (pH 7), aerobic aqueous environment in which sulphide in the slag is converted to sulphate. A two-stage version has been developed that involves quantitative chemical pre-oxidation of total sulphide to thiosulphate, followed by complete biooxidation of thiosulphate to sulphate. Ferric hydroxide, also produced, acts as a flocculant in the bioreactor effluent, concentrating heavy metal precipitates in the thickener as a sludge which can be returned to the smelter. The process has a high sulphate production rate and low acid and nutrient consumptions. Microorganism growth is the rate-limiting stage, requiring a minimum liquid residence time in the bioreactor of about 7 h. Although large quantities of oxygen are needed, sufficient gas mass transfer can be attained in an air-lift reactor. Products are an aqueous stream containing sodium sulphate with only trace levels of toxic heavy metals and a benign, toxic metal-containing sludge

Jun 18, 1905

By Wido Tilmann

13.6-1. Importance. In Germany there are large tertiary brown coal reserves, most of which are located close to the surface. Therefore, brown coal has been recovered for many years by means of opencast methods. By utilizing a high degree of technology, a rational operation has been achieved, and as a result, the mining techniques have become renowned all over the world. After the war, all the dredgers and overburden spreaders, as well as the means of conveyance, had to be redeveloped for adapting this equipment to the changing conditions of the deposits. Numerous auxiliary machines were adopted from the American earth moving industry and altered according to the different requirements. As a result of such technical developments, the output per man and per shift was increased remarkably in spite of the deterioration of the geological conditions. In the whole of Germany, the total reserves of brown coal amount to 100 billion metric tons, of which 60 billion tons are situated in the Federal Republic of Germany. In the latter area, 8.5 billion tons will be recover- able by opencast means, of which 3.5 billion tons are already developed. The annual output reached 102 million tons in 1965. This total figure comes from four different mining districts: Rhineland, Helmstedt (town at the border of the Soviet occupied zone), Hesse, and Bavaria. The production figures (1965) are as follows: [ ]

Jan 1, 1968

By Hibbert W. D, Lottrey A

The behaviour of coal in a process is a function of both the coal properties and the processing conditions. In the case of the Loy Yang coal deposit, extensive testing has been undertaken to determine: ò the extent, distribution and structure of the coal resource; ò the variations in properties throughout the resource; and ò evaluation of the behaviour of the coal during processing. This has involved the conduct of an extensive borehole drilling program, backed by geological modelling and material characterisation (chemical, physico-chemical and petrological). Evaluation of the behaviour of the coal during processing has ranged from theoretical modelling, laboratory-scale investigations through to pilot scale and full-scale tests. Until recently, the bulk of the work was directed at evaluating the behaviour of the coal for existing pulverised fuel (pf) firing/steam boiler technology and a high level of understanding has been developed of both the coal resource and its behaviour within these systems. More recent efforts have been directed towards the evaluation of new technologies directed towards cheaper and more efficient power generation using this coal. Loy Yang coal has been evaluated in the following technologies: ò Hydrothermal dewatering/direct coal-fired gas turbine; ò Steam fluidised bed drying; ò Solar drying/densification; ò Briquetting; and ò Gasification.

Jan 1, 1992

By Chris Larsen, Ian Orford, Marilene Renaud, Mike Cooper, Lud Strah

"An AG/SAG mill was commissioned at the Brunswick Mine concentrator in October 1998. This paper discusses the original liner design for the bi-directional AG/SAG mill, observed liner wear, subsequent liner design modifications, and benefits. The mill liners consist of steel top hat shell liners, steel end liners, rubber grates and rubber lined pulp lifters.Lifter profile and plate thickness measurements were made on monthly shop days. Trends of wear rates were used to project when liners required replacement. Wear profile information was also used to determine where liner re-design would improve wear life or minimize scrap loss. Charge motion simulation modeling was used as a tool to assist liner design modifications.INTRODUCTIONThe Noranda Inc. Brunswick Mine, located near Bathurst, New Brunswick, is a large underground lead/zinc mine with a nominal production rate of 10,000 tonnes per day. The Brunswick concentrator commenced operation in 1964 with conventional surface crushing followed by rod and ball milling to reduce run of mine ore to the required size to feed two parallel flotation circuits. In 1998 the AG (autogenous grinding) mill was commissioned for a nominal production rate of 9,000 tonnes per day replacing two surface crushing plants, three rod mills and three primary ball mills. In May of 1999 the mining rate was increased and the service of the AG mill was changed to a SAG (semi-autogenous grinding) mill with the addition of 4 inch steel balls (4% volume). The mill operates in closed circuit with 0.66 meter horizontal cyclones to produce a ground product of 90 micron nominal size (K80).The AG/SAG mill liners are steel (Norsteel, chrome-moly steel) with rubber grates and rubber lined pulp lifters.The original liner design was based on studying other AG/SAG mills and recommendations by the liner supplier, Norcast. Design factors taken into account were total cost of lining (including material and labour), protection of mill shell and impact on operating performance."

Jan 1, 2003

By W. M. Cross

Bubble attachment time measurements for the rare-earth phosphate minerals monazite and xenotime were made as a function of oleate concentration, sodium fluoride addition, and temperature. Results indicate that the rare-earth phosphates behave similarly to other phosphate minerals, notably collophanlte and fluorapatite, which have been studied previously. The addition of sodium fluoride yielded a modest decrease in bubble attachment time with fluoride additions below the apparent fluoride surface precipitation point, while at fluoride additions greater than the apparent precipitation point a significant decrease in attachment time occurs. Increasing the temperature or the system gave a slight decrease in bubble attachment time in the absence or sodium fluoride. With sodium fluoride addition and below the apparent fluoride surface precipitation point, an increase in temperature actually increased the attachment time. For sodium fluoride additions above the apparent fluoride surface precipitation point, a temperature increase significantly decreased the attachment time.

Jan 1, 1989

By Stefaan J. R. Simons, Michael T. Spyridopoulos

In this paper the effect of humic substances (natural surfactants), electrolytes and solid particles on bubble coalescence, and as a consequence on froth stability, has been investigated. We formed two bubbles of equal size and forced them to collide using a novel experimental apparatus. The interactions were recorded by a high-speed camera, the images of which helped to determine the coalescence frequency and the coalescence time, as well as the mechanisms of the interactions. Two types of humic substances were used, along with three different electrolytes. Humic substances appeared to have a considerable effect on bubble coalescence, while the effect of electrolytes was minimal. Moderate and high hydrophobic glass spheres were used between two bubbles. Very hydrophobic spheres promoted fast bubble coalescence, while moderate hydrophobic spheres had no effect. We present data of coalescence frequency and time, as well as images of the coalescence events.

Jan 1, 2003

By S J. Neethling and, S J. R Simons

In this paper the effect of humic substances (natural surfactants), electrolytes and solid particles on bubble coalescence, and as a consequence on froth stability, have been investigated. In this study two bubbles of equal size were formed and forced to collide using a novel experimental apparatus. The interactions were recorded by a high-speed camera, the images of which helped to determine the coalescence frequency and the coalescence time, as well as the mechanisms of the interactions. Two types of humic substances were used, along with three different electrolytes. Humic substances appeared to have a considerable effect on bubble coalescence, while the effect of electrolytes was minimal. Moderate and high hydrophobic glass spheres were used between two bubbles. Very hydrophobic spheres promoted fast bubble coalescence, while moderate hydrophobic spheres had no effect. Data of coalescence frequency and time is presented, as well as images of the coalescence events. The coalescence frequency was used to validate a parameter, Pf, known as the film failure frequency, used in a simulation model to predict foam height in a gas-sparged vessel. Predictions determined using Pf were then validated by experimentation.

Jan 1, 2005

By J J. J Chen, J C. Zhao

A water/air model was developed to simulate the refining of molten aluminium by the sparging of gas through an impeller. The optimal gas dispersion depends upon selecting the correct gas rate for a given impeller rotational velocity to prevent flooding or channelling. Correlations illustrating this flooding behaviour exist for standard impellers within standard tank geometries. However the validity of these correlations has not been substantiated for gas dispersion in high temperature molten metals with non-standard tank and impeller dimensions. Metal refining is most efficient when fine bubbles are generated and uniformly distributed within the treatment tank. The application of some measuring technique able to detect this distribution within a non transparent operating treatment tank would be invaluable, enabling the optimisation of gas flow and impeller speed.   A technique has been developed to measure the pressure fluctuation levels at specific points in the water model. Comparison of these pressure fluctuation data with photographic evidence obtained in the water model suggests that the flow regime in the metal treatment unit may be determined using this technique.

Jan 1, 1995

By David Seaman, J-P Franzidis, Emmy Manlapig

"A new device has been developed to directly measure the bubble loading of particle-bubble aggregates in industrial flotation machines, both mechanical flotation cells as well as flotation column cells. The bubble loading of aggregates allows for in-depth analysis of the operating performance of a flotation machine in terms of both pulp/collection zone and froth zone performance. This paper presents the methodology along with an example showing the excellent reproducibility of the device and an analysis of different operating conditions of the device itself.The device has been used to investigate the froth selectivity of attached particles. Simultaneous measurements were made using a different froth recovery measurement technique in the same flotation cell. A comparison of these techniques shows that in this case, particles are selectively detached from bubbles at or near the pulp-froth interface.INTRODUCTIONA flotation cell can be considered to operate in two distinct phases or zones; namely the pulp or collection phase and the froth phase. The pulp zone is responsible for the formation of hydrophobic particle-bubble aggregates, whilst the froth phase is responsible for the separation of these aggregates from surrounding suspended hydrophobic and hydrophilic particles. Thus, the froth phase is the grade determining phase in flotation. A measurement of the bubble load (the mass of particles attached to air bubbles in units of mass/volume) will enable the analysis of the performance of both the collection zone at creating bubble-particle aggregates and also the froth zone at separating these aggregates from surrounding pulp.A measure of froth zone performance that has been used extensively in flotation research is the Froth Recovery, Rf, of a particular system. Froth recovery is defined as the mass of particles collected in the concentrate launder by true flotation as a fraction of the mass of particles entering the froth phase. The measurement of bubble load allows for this term to be calculated easily, rather than having to go through the laborious task of, for example, changing froth depths to determine this performance criterion (Contini et al., 1988; Vera et al., 1999b; Feteris et al., 1987)."

Jan 1, 2004

Bubble Load Measurements in Flotation - A Critical Review of Current Practice

Sep 13, 2010

By G M. Evans, C M. Phan

This paper presents an analysis on the dynamic adsorption of frothers and collectors onto air bubbles in flotation. The analysis was carried out using the theory on the surfactant transfer by diffusion and adsorption. The bubble size was considered when solving the diffusion equation for the dynamic surface excess. The adsorption kinetics was modelled employing the Langmuir adsorption isotherm and its extension with the inclusion of the lateral interaction of the adsorbed molecules (the Frumkin adsorption isotherm). The numerical computation was applied to solve the governing equations. The dynamic adsorption of the surfactants was measured in terms of the dynamic surface tension for sodium dodecylbenzene sulfonate (SDBS) and Dowfroth 250, using pendant bubble tensiometry. The results show that for air bubbles with diameter of the order of 1 mm, the bubble size effect on the dynamic surface tension is small and the solution of the diffusion equation for a planar gas-liquid surface can be used to describe the dynamic adsorption onto the air bubbles. The experimental data obtained with SDBS were well described by the Frumkin adsorption isotherm and the molecular diffusion. The model description for the experimental data obtained with Dowfroth 250 required the kinetic equations. The paper is relevant for further analysis of the role of the adsorbed surfactants in the particle collection.

Jan 1, 2005

By burgess F, Manlapig E. V, Franzidis J. P

Bubble surface area flux, a parameter which is determined by bubble size and superficial gas velocity, has been identified as a criterion for flotation scale-up from a metallurgical point of view. Investigations at Hellyer, Scuddles and Mt Isa

Jan 1, 1997

By R. Filippone, Donald Leroux, Colin Hardie, G. Leichtle, Cesar Gomez, Jim A. Finch

"Bubble surface area flux (Sb) is the surface area of bubbles per unit time per unit cross-sectional area of flotation machine. The units are: (m2 bubble surface/s)/(m2 cell) or s -1. For bubbles of mean size db (m), s b = 6-Qg/A db where Qg is the gas rate (m3/s), and A the cell cross-section (m'). This parameter is now receiving wide attention as the possible key machine variable in flotation diagnosis and modelling. The concept is described and the potential use of sb is illustrated by work on flotation columns and mechanical cells. In column flotation of recycled paper, the dependence of ink recovery on s b was the same regardless of size of column or type of sparger. In mechanical cells, it has been established that the rate constant is related to Sb independent of impeller type.The use of s b is limited by the problem of measurement, primarily that of estimating db. A prototype probe designed to estimate db (and hence sb) based on conductivity measurements is described. Exploratory work with the probe in a mechanical cell suggests the promise of making estimation of s b routine.INTRODUCTIONFlotation is the result of interaction among variables associated with the feed particles, chemistry and the machine (flotation cell). Trying to isolate the effects of each aids in process diagnosis and is at the centre of attempts to model flotation. The machine variables that have been investigated include the air flow number, the power number and specific power (Harris, 1976). None have survived as the basis for predicting flotation response perhaps because they did not include directly the properties of the bubble swarm (or dispersion). Recently, Gorain (1 997) explored the relationship between the flotation rate constant and various ""gas dispersion"" parameters notably: superficial air rate (Jg = Qg/A, where Qg is the volumetric gas rate and A is cross-sectional area of cell), bubble size (db), gas holdup (Eg, i.e., the volumetric fraction of a cell occupied by gas) and bubble surface area flux (sb = 6.Jg/db). Of them all, Gorain et al. (1997) conclude that the latter, the surface area flux, correlated best with the flotation rate constant. This concept was adopted from column flotation where it was used to estimate, among other factors, the maximum amount of gas that could be injected (Finch and Dobby), 1990). Let's start by reviewing the concept. Following that some examples of where the concept has been applied will be described to illustrate the current interest and finally we will consider how to measure the surface area flux."

Jan 1, 1999

By W. L. Price

Since first introduced in the United States in 1964, rail mounted bucket wheel stacker-reclaimers have gained wide acceptance by users. The coal burning power plant group has adopted this new storage tool most quickly. The actual history is traced in this area in some detail. Installations in phosphate and steel mill ore storage and a listing of present users are included.

Jan 1, 1969

Politicians and economists talk glibly about the so-called knowledge revolution. The reality is that knowledge is fundamental to economic progress. Consequently there have been many technological revolutions. The global impacts of the invention of the steam engine and the development of the frozen meat industry are well known. Another less publicised technological advance occurred in Central Otago late in the nineteenth century. This was the adaptation of the bucketladder dredge to the mining of placer deposits. A product of over 30 years experimentation and innovation, New Zealand dredging technology was taken to the Risdon Iron and Locomotive Works, San Francisco by R H Postlethwaite, a Dunedin based mining engineer. New Zealand-style dredges built by Risdon operated successfully in California, Alaska and the Yukon. Californian engineers assimilated the best features of the New Zealand dredges with American (Bucyrus) designs to produce a standard for the worldwide placer mining industry.

Jan 1, 2003