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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 Lee B. Paterson

Mining Engineers throughout the world have an appreciation for the importance of the role of the Blasthole Drill in one of the primary elements of the mining process. This paper highlights areas that could influence the overall cost effectiveness of that process of breaking rock and the associated downstream mining and ore recovery activities - and how the drill is designed and configured to meet that challenge. Factors influencing drill productivity and overall cost effectiveness are addressed, particularly regarding the benefits which are not necessarily reflected in the drilling process and therefore more difficult to quantify. This paper explores some of the downstream benefits of what we do to the drilling process.

Jan 1, 2000

By Steve Lalancette

Centre Jardin Lac Pelletier (CJLP) has been a leading actor in the revitalisation of closed mining sites in northern Québec for over 20 years. Over that period, CJLP developed a cost-efficient technique that transforms sterile mining residue into a substrate able to support a resilient ecosystem. Using a unique mix of organic matter, fertilisers and selected plant species, this technique rapidly builds a microorganic fauna and a layer of humus that will sustain the creation of vegetation coverage. The coverage is composed of over 13 different plant species, each having a unique role in the development of a resilient ecosystem, from soil stabilisation to nitrogen fixing. Considerably less expensive than traditional methods using civil engineering techniques, it does not require the use of heavy machinery or the spread of topsoil. This technique has been successfully used to restore over 20 sites in Québec such as Joutel, Yvan Vézina and Louvicourt. It is a proven technique that has passed the test of actual implementation. The presentation will review the biological, production and economic aspects of the technique through the revitalisation of the Joutel site.

May 1, 2011

By K. Whiting, R. Huffsmith, R. Olsen, D. Adams

Long-term closure alternative selection for heap leach pad effluent is a daunting task. Passive water treatment, if designed with enough long-term capacity, can minimize long term O&M while meeting water quality objectives. Leach pad effluent from a 30-acre leach pad at Basin Creek Mine, Basin, Montana was targeted for long-term water treatment using a passive water treatment system. The objectives and results of design and construction are: 1. Design a long-term passive system utilizing existing infrastructure. 2. Construct a field scale pilot test at the mine site.

Jan 1, 2002

These inspection standards have been prepared for use in the Federal inspection of bituminous and lignite mines. They are a revision of "Tentative Coal-Mine Inspection Standards," published as Bureau of Mines Information Circular 7204 in February 1942 and employed a guide for Federal inspections. Numerous changes have been made in the original standards owing in part to recognition of shortages of some types of safety equipment due to the war, in part because of need of additional standards to cover certain mine conditions' arid' practices, and in part to conditions not foreseen when the original standards were prepared. About one-fourth of these standards are marked with an asterisk (*) as being of particular importance in preventing accidents in many coal mines; however; failure to carry out the suggestions made in such of the other standards as are applicable may also' lead' to the loss of lives.

Jan 1, 1943

By Howard Martens, Pol Duwez

XPERIMENTS were performed on a Cr-Fc alloy Econtaining 44.7 pet Cr in order to determine the heat evolved during the transformation of the a solid solution into the s phase, and the change in volume accompanying the transformation. Since previous measurements on the rate of formation of a from s indicated that the reaction was quite fast as soon as the equilibrium temperature of 820°C was exceeded by some 50°, standard thermal analysis experiments were performed on heating specimens of s at the rate of approximately 40°C per sec. A definite thermal arrest was observed at 870"C, Fig. 1. This result indicates that the reverse seaction of into a is exothermic. From the heating curve of Fig. 1, taking 15°C per sec as the heating rate in the neighborhood of the transformation, 2.4 sec as the time for transformation, and assuming that the specific heat of the alloy at 850°C is an average between iron and chromium, namely 9.5 cal per mol per "C, the latent heat of transformation is approximately 342 cal per mol. The order of magnitude of this latent heat was also obtained by comparing the heating curve of Fig. 1 with a similar curve obtained with pure iron under identical experimental conditions. It was found that the length of the thermal arrest for s was about 1.8 times as long as that for iron. Since the latent heat of the a to 7 iron transformation is 203 cal per mol1, 2 the latent heat of it to a would be 365 cal per mol, which is in relatively good agreement with the value determined from the heating curve. For the determination of volume change, thermal expansion curves were recorded using a specimen containing 44.7 pet Cr and completely transformed to cr by previous treatment. The curves were recorded at a rate of heating of about 4°C per min and at approximately 840°C a sharr, increase in length of about 0.08 pet took place. Fig. 2. It is therefore established that the specific volume of a near the transformation temperature is about 0.24 pet smaller than that of a, and consequently, when the s phase forms in an a matrix, it would tend to shrink away from the matrix. Since the s phase is known to be extremely brittle, these results offer an explanation for the microscopic cracks often observed in the a phase under the microscope. The results of this study are in qualitative agreement with previously published data on stainless steel 19-9DLa and on a Cr-Fe alloy containing 45 pet Cr.' The increase in density due to the transformation from n to s given in ref. 4 is 0.90 pet. These measurements, however, were made at room temperature. whereas the presently reported 0.24 pet is the change at the temperature at which the transformation takes place during heating. In the graph of Fig. 2, the percentage change in length that would be observed at room temperature is given by the length X, which is about 0.27 pet. This would correspond to 0.81 pet in volume change. Acknowledgment This work was done at the Jet Propulsion Laboratory, California Institute of Technology, under Contract No. DA-04-495-ORD-18 with the Army Ordnance Corps, Washington, D. C. The authors wish to thank this agency for permission to publish the results of this investigation. References I H. Klinkhardt: Measurements of True Specific Heats at High Temperatures. Annalen der Physik (1927) 84, pp. 167-200. - H. Esser and W. Runghardt: Influence of the Method, of Dctcrmination on the Measured Heat Content of Iron. Archtvo ffur Dct Eisenhiittenwesen 11934) 8, pp. 37-38. J. J. Gilman, P. K. Koh, and 0. Zmeskal. Delta Ferrite Formation and its influence on the Formation of Sigma in a Wrought Heat Resisting Steel. Trans. ASM 1 1949) 11, pp. 1371-1388. 1 J. M. Thomas: Discussion of ref. 3. Trans. ASM (1949) 41, pp. 3 390-1392.

Jan 1, 1957

By Richard F. Coon

Six potential locations along the west shore of Lake Mead were evaluated to site anew water intake pumping station for the SNWA. The evaluations were based upon geotechnical exploration results and conceptual intake pumping station designs. The exploration included geologic mapping, geophysical testing, underwater ROV inspections and borings. Ground surface and underground chamber pumping station designs were considered. Sites at Saddle Island, Black Canyon and Hoover Dam are geotechnically suitable. A Saddle Island site was selected because it has the most favorable conditions for the intake pumping station and the aqueduct to the Las Vegas valley.

Jan 1, 1997

By Michel C. Frippel

This section of the Minerals Yearbook reviews the minerals industries of 45 countries: the 12 nations of the European Community (EC) (Belgium, Denmark/ Greenland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, and the United Kingdom); 6 of the 7 nations of the European Free Trade Association (EFTA) (Austria, Finland, Iceland, Norway, Switzerland, and Sweden); Malta; the 11 Eastern European economies in transition (Albania, Bosnia and Hercegovina, Bulgaria, Croatia, Czechoslovakia, Hungary, Macedonia, Poland, Romania, Serbia and Montenegro, and Slovenia); and the countries of Central Eurasia (Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgystan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan).

Jan 1, 1994

By W. H. Liu

The stability of floors of large drydocks and wagon tipper sheds at coal terminals is an important matter but quite difficult to solve. Anchors can be used to join floors to foundations thus ensuring the stability of floors by the self-weight of floors and the pull of anchors. In this paper, the author describes the structures and types of the anchors used in the floors of the drydock in Beihai Shipyard and the wagon tipper shed at Shijiu Port, both in Shandong Province China, the determination of bearing capacity of anchors in rock bed of highly weathered granite, the comparison between prestressed anchors and non-prestressed anchors, the construction technology of anchors and the analysis of field experimental data.

Jan 1, 2010

By M. B. McClenaghan

"This paper summarizes diamond exploration techniques used in glaciated terrain, focussing on indicator mineral and geochemical methods applied to glacial sediments. Understanding the ice flow history, depositional history, and stratigraphy of glacial sediments is essential to successful sampling, interpretation and follow-up of indicator mineral and geochemical anomalies related to kimberlites. Kimberlite indicator minerals survive glacial transport over long distances and the relative abundance of each mineral in till is a function of the primary mineralogy of individual kimberlites. Indicator mineral distributions observed at a regional scale define the net effect of glacial dispersal, often along different ice flow directions. Local-scale distributions define individual dispersal trains. The medium sand (0.25 mm to 0.5 mm) fraction of heavy mineral concentrates, * GSC Contribution No. 2002028 prepared from glacial sediment samples, is best suited for indicator mineral surveys. The application of till geochemistry to diamond exploration is increasing because it is significantly cheaper than indicator mineral analysis and it can be performed quickly. The <0.063 mm (silt+clay) and 0.5 mm to 2.0 mm (coarse sand) fractions provide the best geochemical contrast between background and kimberlite-rich till. Kimberlite pathfinder elements that provide good contrast include Ni, Cr, Ba, Co, Sr, Rb, Nb, Mg, Ta, Ca, Fe, K, Ti and LREE, the relative importance of which will depend on kimberlite composition and that of the surrounding bedrock.IntroductionIn Canada, glacial erosion is the principal means by which kimberlite and its associated minerals have been dispersed, from a few tens of metres to tens of kilometres down-ice. Post-glacial weathering has had little impact on kimberlite debris in the glacial sediments, thus boulder tracing, indicator mineral methods and trace element geochemistry of the fine fraction of till (“drift prospecting” methods) can be used to detect kimberlite dispersal within areas covered by glacial sediment. This paper provides a summary of drift prospecting methods for kimberlite exploration in glaciated terrain, and includes examples of reconnaissance- , regional- and local-scale kimberlite indicator mineral and till geochemical distribution patterns.Weathered kimberlite is more susceptible to glacial erosion than the surrounding bedrock, thus many kimberlites in glaciated terrain are found in low or swampy ground, under small lakes, or covered by thin (< 1 m) to thick (>50 m) glacial sediments. Glacial erosion has removed varying amounts of the pre-glacially weathered kimberlite and, in some cases, the hard competent kimberlite below. For example, glacial erosion of the Peddie, McLean and Seed kimberlites near Lake Timiskaming, Ontario, removed pre-glacially weathered kimberlite, leaving a polished striated subcropping surface (McClenaghan et al., 1999a). In contrast, glacial erosion of the B30 kimberlite, near Kirkland Lake, Ontario (Fig.1), was much less vigorous and left a >10 m cap of soft and highly weathered dark green clay-rich kimberlite (McClenaghan et al., 1996). The thickness of remaining pre-glacially weathered kimberlite will influence the geophysical signature of the kimberlite."

Jan 1, 2002

I was lucky to land a job in the powder business. I was looking for some way to support my wife and first child to be when I saw an ad in the Hercules magazine, “Explosives Engineer” for technical representatives. I answered the ad in hopes that a geologist might find something else to do besides sit oil wells or “doodlebug” for oil. Both of these occupations I had tried and while the money was good the life was a bit erratic. The Army also wasn’t made for a guy who asked too many questions although my two plus years in uniform were interesting and in a few cases fun.

Jan 1, 2004

Jan 1, 1967

By D. A. Reynolds

THIS PAPER gives results of an investigation of the composition and carbonizing properties of coals from the Beckley bed, Caretta No. 5 mine, Susanna, McDowell County, and Glen Rogers No. 2 mine, Glen Rogers, Wyoming County, W. Va. The investigation included BM-AGA carbonization tests at. 800° and 900° C. and various chemical and physical tests designed to evaluate agglutinating, plastic, and expanding properties of coal. Both coals were of low-volatile bituminous rank, and each was blended with 70 and 80 percent high-volatile A coal from the Pittsburgh bed, Warden mine, Allegheny County, Pa. The Beckley bed was 39 to 58 inches thick at three points in the Caretta No. 5 mine, and the coal was 39 to 49 inches thick. The carbonizing sample contained 83.0 percent fixed carbon on the dry, mineral-matter-free basis. It contained 3.1 percent moisture, 15.8 percent volatile matter, 72.4 percent fixed carbon, 0.7 percent sulfur, and 8.7 percent ash, as carbonized. The ash softened at 2,680° F. The free-swelling index was 7;i, and the agglutinating value was 7.7. This sample fused weakly in the Gieseler plastometer; its blends with 70 and 80 percent Pittsburgh coal attained maximum fluidities of 830 and 600 dial divisions per minute, respectively. The single coal yielded 83.0 percent coke at 900° C. Yields of other carbonization products per ton of coal at 900° C. were: Gas, 9,950 cubic feet; tar, 3.5 gallons; light oil, 1.36 gallons; and ammonium sulfate, 16.3 pounds. Blending with Pittsburgh coal lowered the yield of coke and raised the yields of other products significantly. Caretta coal yielded strong, blocky coke at 900° C., 89 percent of which was plus-2-inch size. Strength indexes of 900° C. coke from 30:70 blends of Caretta No. 5 and Pittsburgh and of Pocahontas No. 3 and Pittsburgh coals were, respectively: 2-inch shatter, 68 and 53; 1%-inch shatter, 90 and 85; 1-inch tumbler, 50 and 53; and %-inch tumbler, 62 and 65. The specific gravity of the 900° C. gas from Caretta No. 5 coal was 0.272, and the heating values were 491 B. t. u. per cubic foot and 2,440 B. t. u. per pound of coal. The blends yielded much richer gas. Yields of tar acids and bases (0.09 and 0.04 gallon per ton, respectively) were within the normal ranges for low-volatile coals. Caretta No. 5 coal expanded 7.5 percent in the sole-heated oven at a charge density of 55.5 pounds per cubic foot. The blends containing 70 and 80 percent Pittsburgh coal contracted 4.8 and 7.5 percent, respectively.

Jan 1, 1953

By K. H. McDaniel, D. M. Loring

The underground ventilation system at the Waste Isolation Pilot Plant provides unparalleled ability to ensure safety of the workers, public and environment. Although small spatially, it can vary the airflow from 66,000 acfm to 460,000 acfm. It can automatically incorporate HEPA filtration in the event of radioactive contamination. Remote-capable regulators individually control the four main splits, and can be adjusted from the surface if necessary. A ventilation remote monitoring and control system provides real-time information. Future areas of concern include DPM compliance, system psychrometry, logic-based-real-time mine ventilation simulation and automation using PLC technology. This paper discusses the evolution of this system.

Jan 1, 2002

By Brian Wingfield, Greg Williams, Richard W. Givens

Application of required energies into the rig design can have a dramatic impact upon productivity. Computer modeling of these production variables has led to changes in design with values closely approaching actual field data. Knowledge of these required energies can also specify the proper drilling technique to the application. With this knowledge, productivity-to-cost ratios can be determined with the most efficient option chosen.

Jan 1, 1995

By William O. Vanderburg

This paper gives the results of a reconnaissance of the mining districts of Mineral County, Nev., made during the month of June and the first 10 days in October 1936.3/ During the field work virtually all the mining districts in the county were visited and many data were obtained relative to active and inactive properties. The report covers the location of the various mining districts, nature of deposits, ownership, information on past and current activity, data on economic conditions, and general information likely to be useful to operators and investors and others interested in mining. The geology of the deposits is discussed only in a general way. For nearly three-quarters of a century mining tin Mineral County has been the principal if not the only industry of importance. At times it has reached a very low ebb, and at other times it has been attended by the wild excitement that usually accompanies valuable discoveries of precious metals.

Jan 1, 1937

By J Steyn

Block Cave mining is one method used to extract ore from underground diamond mines as well as other massive orebodies such as copper. This necessitates the excavation of many kilometers of tunnel within the ore body. The integrity of these excavations needs to be maintained over a number of years. Most Kimberlites and weak orebodies are extremely susceptible to degradation when exposed to moisture and the atmosphere. It is therefore essential that some form of weathering protection is applied as soon as possible after exposure. Conventional methods of weathering protection such as shotcrete do not easily fit in with the production schedule, hence the need for a more efficient system that could be applied immediately after exposure and serve as a temporary support or even as a permanent support medium. The main advantages of thin sprayed liners (TSL) compared to shotcrete are the ease of application, speed of application, early strength, much reduced transportation of material, less labour intensive and cost effectiveness. Several Thin Sprayed Liners suitable for various mining environments and geotechnical conditions are available and could be well suited as additional support the undercut level development in a block cave where this may be required. TSL offer a cost effective support solution as an alternative to shotcrete in areas where the building of a support structure is not a requirement.

Jan 1, 2008

By F. Crundwell, A. J. Lathwood

A number of base-metal operations would like to increase production to take advantage of the higher metals prices. In general, this higher production should not be achieved with major operating changes. In hydrometallurgical facilities, leaching and pressure leaching represents one area where upfront limitations may be a bottleneck to the capacity of the entire plant. An assessment of the capacity of the leaching tanks and autoclaves was performed using a predictive model within the AweSym flowsheet simulator. The model is described, and the results of the application of the model to a number of different leaching reactors are presented. It is argued that the leaching number, which relates the residence time, particle size and the leaching rate, is of prime importance. Finally it is shown that there are some unexpected catastrophic events in increasing production capacity without a thorough understanding of the leaching operation.

Jan 1, 2007

By D. Brunner, G. R. Baiden, H. J. Yazici

System simulation is an increasingly popular technique for analyzing and improving existing as well as newly designed underground mining operations. An engineering firm that specializes in simulation helped a major metals producer build a long-range planning model of an existing underground mine. Subsequently the team adapted this model to assess technology alternatives in the design of a new mine. The two models differ in the level of detail used for modeling the development process. This paper discusses the differences in approach between the models along with the experiences gained and challenges faced during the construction and use of the models.

Jan 1, 1999