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By Douglas D. Donald

The financial analyst's job is to make an objective appraisal of the investment opportunities which exist within the various industries under his supervision within the context of the economic model provided by his firm and the a climate of investor sentiments. Industry analysis is critical. When a major investment trend develops, usually the stock of all companies within the specific industry react in the same direction. I should emphasize here, however, that an investment trend is influenced by the economic outlook, but economics is not the only determinant - investor psychology and arbitrary political factors may be of equal or greater importance. Part of our job is to recognize trends early and determine whether they are valid. Following industry analysis, the analyst must examine the specific companies within that industry since some companies usually react more violently than others to industry trends, whether they be favorable or adverse. To simplify the process of evaluating an investment opportunity, it is convenient to isolate three types of factors which have a bearing on every sort of business although the degree of influence of each factor may vary from industry to industry. These categories are, 1) independent or external factors insofar as they are beyond the control of corporate management, 2) interdependent factors insofar as influence may be exerted by industry-wide action, and 3) dependent factors covering the area of internal decisions which are basically under the control of the individual corporate managers. Although the title of this paper, "The Corporate Use of Cash Flow," is only one segment of the third category, it may be useful to continent on the first two categories as well. The independent factors may be either economic or governmental. The economic factors include cyclicality which may be very high in the case of the basic commodity industries or relatively low as in the case of utilities. Underlying growth rates, another independent factor, may range from the business equipment industry with an annual growth rate of 14% through the electric utility industry with a growth rate of about 7% per year to the

Jan 1, 1970

By Thomas J. Kingston

A general overview of the taconite crushing process at Minntac is presented The process is controlled from a central control where the control room operator uses closed circuit TV, computer process control and alarms, graphic panels, and radio communication to roving attendants to run the Plant. This paper points out the operating controls and parameters as the plant operator sees and uses them.

Jan 1, 1980

By R. B. Massy-Greene

Project engineering and development is a process of optimisation of capital, operating and financial costs, and extraction rates in the light of current and forecast economic conditions for the sale of the product. The aim of the process is to maximize financial returns to the sponsors (project owners) within many often conflicting constraints. Thus, the sponsor's engineering and financial staff have a common goal, with performance measured in financial terms. Consequently, each group must be aware of, and responsive to, the constraints imposed upon the other. For financial staff, the increasing size and complexity, and escalating capital costs of new ventures have required them to seek finance in larger amounts, and by non-traditional methods. In addition, senior management are requiring indications of the availability of finance as a pre-requisite to a decision to commence project development activities.

Jan 1, 1982

Current scrubber capacities vary from 1.89 to 4.72 m3/s (4,000 to 10,000 cfm), and there is interest in using scrubbers with capacities up to 6.61 m3/s (14,000 cfm). This paper describes research to compare the effectiveness of blowing and exhausting face ventilation systems using high-capacity scrubbers with flows up to 6.61 m3/s. Tests were conducted in a surface ventilation gallery with exhaust and blowing systems operating under similar conditions. The mining machine was equipped with a machine-mounted scrubber. Methane gas was released at constant flow at the mining face and measured at several face locations. Effectiveness of exhausting and blowing systems was compared by determining average face methane concentrations. For each operating condition tested, blowing ventilation was more effective than exhausting for controlling face methane levels. Raising scrubber flow to 6.61 m3/s reduced methane levels for both blowing and exhausting systems.

Jan 1, 1996

By Z. Man, X. Zhu, Y. Xian, Y. Tao

"Fine coal separation has been always concerned. The froth flotation is not efficient in desulfurization because of the low rate of sulfide liberation from raw coal, the natural hydrophobicity caused by sulfur concentration on the surface of sulfide, and the presence of large amounts of middling feed. An efficient centrifugal gravity separator was employed to separate for Shandong –0.5mm high sulphur coal, the partition curve of centrifugal separator was obtained with conclusion that the Ecart probable error value of the separator is 0.095, the imperfection I value is 0.128. Finally, comparing with the coal flotation using progressive release method, the result shows that the effect of the desulfurization with centrifugal gravity force field based on density difference between coal and minerals are much better than that of the floatation which operates based on the difference in surface properties. It provides a efficient technical way for fine coal separation. INTRODUCTION Coal plays the most important role in the energy consumption in China. Although natural gas, wind energy, nuclear power has made great progress in recent years, but the share of coal in the final energy consumption accounts for 70-80%, which is determined by energy storage of China. Under the requirement of environmental protection, the clean utilization of coal resources becomes more and more important, and the need has already been identified. Coal washing and processing plays an important role in the process of high-efficiency and clean utilization of coal. For the separation of fine coal, flotation is a traditional method for effective separation and has been used in large scale industrial applications in coal preparation plant. However, for the separation of difficult-to float coal, especially fine oxidized coal and low–rank coal with hydrophilic surface, flotation is usually inefficient [1-3]. Although many pretreatment methods have been adopted, including grinding, microwave pretreatment, new flotation reagents, the problem of efficient separation has not been completely resolved [4-6]. Thus, an enhanced gravity separation method using particle density difference rather than hydrophobic difference was proposed for the separation of fine coal. Many research results have proved that this is a practical and effective method of sorting. R.Q. Honaker used Falcon C10 concentrator, Knelson centrifugal separator and spiral separator to clean the fine coal with size of 600*210 µm and 210*37µm, the effects of different operating parameters on the separation index was discussed. The results show that the separation density of Falcon can reach 1.6, and the Ep value can reach 0.1-0.15. This paper revealed that for the separation of fine coal with high sulfur content or fine grained content. Falcon has high separation efficiency with low cost. Separation results present in another paper showed that the desulfurization efficiency of inorganic sulfur was better than that of flotation [7-8]."

Jan 1, 2017

By C. Pace, D. Darlington, A. Montera, C. Lingren

"A phosphate beneficiation plant in Utah is using isotope-based Prompt Gamma Neutron Activation Analysis (PGNAA) technology to analyze the entire slurry streams of the incoming feed and final product in order to adjust the flotation circuits in near real time and optimize the plant output. The plant has gained greatly improved visibility/control and has reduced product variability for improved profitability and product quality. This paper takes a look at the economics as well as application details and the difference this technology provides in a phosphate application. SIMPLOT PHOSPHATES INTRODUCTION Simplot’s Vernal, Utah Phosphate Mine and Mill are located in the northeast corner of the state in the Uinta Mountains along US Highway 191, eleven miles north of the town of Vernal. The phosphoric acid and fertilizer plant fed by the Vernal mine is located 94 miles Northeast of Simplot Phosphates in Rock Springs, WY.At the Vernal plant, loader and shovel mining to 85 Ton capacity trucks is done at an annual rate of 3.8 Million tons of ore. Run of mine ore is crushed in a mineral sizer to minus 14 inch diameter at the rate 11,500 tons a day and transported to the SAG Mill’s 130,000 ton surge stockpile by overland belt. ORE RESERVES The ore is a Phosphoria Formation of sedimentary rock type dating to the Permian Age. The ore body rests over a 25 mile area on Weber Sandstone from the Pennsylvania and Permian geologic period. Layers of Phosphate Rock can vary in thickness from 0.3 up to 2.1 feet, alternating with layers of Mudstone. The eastern edge of the ore’s body Panel “G” runs 16 feet deep with a feed grade of 21.5% P205 with lower MgO diluents of less than 2.79%."

Jan 1, 2016

By Brent W. Madsen

To assist in fulfilling the Bureau of Mines goals of maintaining adequate mineral supplies to meet national economic and strategic needs, and to minimize the environmental impacts associated with mineral-processing operations, a leaching-solvent extraction-electrowinning technique was compared with a leaching-cementation technique for processing low-grade copper ores. Large-scale laboratory column leaching tests (6 to 7 tonnes) were conducted on minus 37-cm chalcocitic ore using ferric sulfate leach solutions at 25° C. Two columns contained 11 percent minus 1.27-cm fines, and two columns contained 32 percent minus 1.27-cm fines. After 416 days of leaching ore samples containing 11 percent minus 1.27-cm fines, copper extraction was 48 and 51 percent for the leach-cementation and leach-solvent extraction-electrowinning procedures, respectively. When leaching ore samples containing 32 percent minus 1.27-cm fines, the leaching-solvent extraction-electrowinning technique extracted 60 percent of the copper after 568 days, whereas the leaching-cementation technique extracted only 48 percent of the copper. In the latter test, leach solution ponded on the ore, which reflected a decrease in ore column permeability. The decreased permeability was attributed to the generation of excessive amounts of iron salts during cementation; the salts precipitated on the fine ore particles and in the interstices, thus plugging the column. This decrease also lowered the available oxygen, resulting in poor aerobic bacterial activity which slowed the oxidation rate of ferrous ions to ferric ions. Sulfuric acid required to maintain a leachant pH of 2 was nearly halved when copper was recovered by solvent extraction and electrowinning rather than by cementation.

Jan 1, 1979

By S. K. Nicol

The results of column flotation tests conducted on a bulk sample of ultrafines discarded from the fine coal desliming cyclones at the Riverside coal preparation plant of Theiss Dampier Mitsui Coal Limited are presented. A 9% ash concentrate was obtained from a 51% ash ultrafine feed at 75-80% recovery of combustibles in a single stage of column flotation. From this result it is predicted that installation of column flotation at Riverside would lead to the annual recovery of additional coal worth $US5.1M. The operating conditions for coal and copper column flotation are compared and some differences which may result in a variation in column design are noted.

Jan 1, 1987

By Ronald W. May

The Lower Cretaceous McMurray Formation in northern Alberta contains bituminous sands interbedded with other sediments which form the reject encountered during mining operations. Grade prediction is based on a combination of geological interpretation, computer modelling and past mining experience. In addition to estimates for ore, an accurate estimate of "waste" or "reject," are required for Mine Planning. This study investigates the ability of point-kriging using geostatistics, to augment the existing data base of drill-holes in a study area on Syncrude's leases. This approach enables the assessment of potential "worst" case - "best" case scenarios within the context of Mine Planning.

Jan 1, 1985

By J. A. Lepinski

The FASTMETSM Process is a coal-based process for converting iron oxide fines into metallic iron. The end product, direct reduced iron (DRI) is used as a low residual charge material in electric arc furnace steelmaking. This paper describes the FASTMET Process and its potential application in the United States. Operating results from a 175 kg/h process simulator are presented. Characteristics of the end product are discussed. Process economics are reviewed along with plans for scaling-up the process to full commercial size.

Jan 1, 1993

By E. A. Twichell

An entirely new concept in the effective utilization of magnetic, energy has resulted in a major break-through in the design of magnetic separation equipment. One of the first applications of this concept has resulted in the development of a Permanent Magnetic Wet Drum Separator with strength .and operating characteristics equal to Electro Wet Drum Separators. Prior to this development when strength and adjustability were required, electro wet drums were specified even with all their drawbacks. The electros, by nature, are subject to coil failure or burnout, over-heating and loss of strength, high power consumption and generally high maintenance. Now the high strength and the adjustability, formerly the exclusive property of electros, has been engineered into permanent wet drum separators. These units combine maximum field strength in the separation zone with strength adjustment to suit changing conditions. Adjustment can be effected while the drum is in operation without stopping either the feed or the drum.

Jan 1, 1967

By Roger Bell

Most modern mines can profit from improvements in information handling. Recording systems in many cases were designed to satisfy certain necessary legal requirements, but not specifically to provide management information. As a consequence, the top managements of these properties work with cost data and production information that is dated, lacking in detail and clouded with supposition. It is the intent of this paper to describe an information system for a mine-plant complex in terms of the type of data, application areas and the existing equipment technology that may be applied to improve this situation. The economics of information processing and data handling will not be discussed in detail. This paper is based on the premise that information is something of value and that information processing like a manufacturing operation works for and is subject to management control. Information, the product, must be of quality, and the cost must be favorable in terms of its use.

Jan 1, 1965

By L. G. Closs

Gold continued to be the primary focus of minerals exploration worldwide during 1995. Other targets, though, included primary diamonds and base metals, especially copper deposits amenable to solvent-extraction/electrowinning (SX/EW) processing. The discovery of nickel, copper and cobalt at Voisey Bay in Labrador, Canada was an unusual surprise. Meanwhile, exploration geochemistry continues to evolve to meet new challenges. The major event in this category during 1995 was the17th International Geochemical Exploration Symposium (IGES) held in Townsville, Queensland, Australia in May. The meeting was sponsored by the Association of Exploration Geochemists, which celebrated its 25thanniversary of service to the mineral industry, and the Economic Geology Research Unit of James Cook University, Townsville.

Jan 1, 1996

By H. K. Conn

This paper discusses briefly the evaluation of chrysotile asbestos deposits in ultramafic rocks. Such deposits are limited to serpentinized peridotite and/or dunites. The purpose of any evaluation is to determine whether a deposit contains sufficient ore mineral to justify profitable exploitation. Dimensions of a mineral zone are established by conventional methods, such as mapping, ground magnetic surveys, diamond drilling or underground exploration. The value of the contained asbestos fibre Is dependent on numerous physical properties such as fibre length, strength, flexibility, as well as the actual amount of fibre present. The determination of grade is difficult. The Quebec Standard Test (Q.S.T.) is used to grade fibre according to the proportionate lengths of fibre present. A method of visual vein counting allows calculation of an approximate percent fibre together with a simulated Q.S.T. Various drilling methods are discussed, diamond drilling is favored. Bulk sampling is required to determine fibre quality. Correlation of visual techniques and laboratory methods are often difficult. Reasons for any variance are discussed. Underground bulk sampling of most potential ore zones is strongly recommended to confirm the viability of the property. Evaluation of slip fibre deposits requires greater reliance on laboratory testing as visual methods are difficult to apply. Cross fibre has greater inherent strength.

Jan 1, 1971

By S. Tafazoli, D. Cooper, I. Bell, S. Nouranian, B. Sameti, M. Ramezani

"Image-based rock fragmentation sensing in mines and quarries includes an important rock boundary delineation step, commonly referred to as rock segmentation. This paper presents an artificial intelligence-based solution to this challenge. The proposed technique encodes prior knowledge of previously analyzed images into mathematical/statistical models. Human-labeled images are used as inputs to train neural networks through an optimization process. The networks can then be used in real time for rock delineation. To build the models, special deep artificial neural networks are used as a pixel classifier. The proposed classifier labels each pixel (edge, rock or fine) by analyzing a plurality of pixels within the image. Advances in machine learning allow the network to contain many parameters. The increased number of parameters is a strong factor in the classifier’s ability to correctly classify each pixel. Deep learning-based segmentation, combined with 3D imaging followed by post processing, provides a unified fragmentation sensing solution. Results from automatic segmentation are compared to human labeled segmentation using the percentage passing curves for 64 rock images. INTRODUCTION Mines and quarries can see significant productivity and performance benefits by controlling material sizes (McKee, Chitmobo, & Morrell, 1995; Sellers & Gumede, 2012). During the past decade, image-based fragmentation analysis has been applied to estimate rock size distributions in order to optimize procedures in mines and quarries. Using a roving camera and operator assisted analysis Maerz, Franklin, and Coursen (1987) measured the size distribution of the blasted rock and eliminated the need for manual sieve analysis. Since then, many others have introduced automated and manual methods for fragmentation analysis and improved upon existing approaches (Girdner, Kemeny, Srikant, & McGill, 1996; Smith & Kemeny, 1993; Palangio, Palangio, & Maerz, 2005; Tafazoli & Ziraknejad, 2009; Raina, 2013). In image-based fragmentation, rock boundaries are identified in the image, and an image scaling is applied to transform rock pixel sizes into real world dimensions. Usually geometric references, such as regularly shaped objects (discs and basketballs) (Siddigui, Ali Shah, & Behan, 2009), or the known size of an excavator bucket (Zeng, Chow, Baumann, & Tafazoli, 2012), are used to determine the proper scaling factor. In recent years, 3D imaging and sensing have also been incorporated to improve rock delineation. Specific methods include using camera-laser combinations and stereo imaging to measure rock fragmentation on conveyor belts (Noy, 2013; Thurley, 2013; Dislaire, Illing, Laurent, & Pirard, 2013) as well as portable fragmentation analysis devices with 3D imaging sensors (Sameti, et al., 2014)."

Jan 1, 2018

By S. Mathur

Polyacrylic acid (P AA) was evaluated as a selective flocculant for dolomite-apatite system. P AA of 4 million MW was found to flocculate both dolomite and apatite. However, their flocculation behavior was significantly different with 450,000 MW PAA which was the lowest molecular weight fraction capable of flocculation. In single mineral tests, at a dosage of 2kg/t 90% of dolomite and 35% of apatite flocculated. Selectivity was achieved in mixed mineral tests where apatite of 90% grade at 70% recovery level was obtained in the concentrate from a feed consisting of 80:20 mixture of apatite and dolomite. The dolomite rejection was about 75% which corresponds to 1% MgO in the concentrate.

Jan 1, 1995

By E. Pizarro

Division Andina has considered in its long range planning, the exploitation by panel caving method of "Third Panel" mine, which was started its production stage during the second half of 1995. This mine has two production levels, the first is grizzly level and another is L.H.D. level. Both sectors use the same haulage level where mineral is recollected through ore pass. For mineral loading and haulage its use 50ton diesel trucks combined with electro-hydraulic chutes. The automation has permitted what this operation is carrying out with remote control by driver's truck, in concordance to short range planning.

Jan 1, 1998

By P. S. Hettinger

Land Application Discharge (LAD) is a useful method of disposing of waste water from mining operations and in certain climatic regimes, stormwater runoff. LAD systems function under the premise that metals, salts and nutrients in water are dispersed over a large area and are effectively assimilated into the soil profile. Depending on the soil structure, migration or mobilization of dissolved metals through the soil profile can be Substantially reduced. Land application of treated effluent from sewage lagoons or waste water plants was probably the first general use of land applied water. LAD has gained popularity with the mining industry as a means of disposing of waste water and process water. In addition, large volumes of snow meltwater and stormwater are often placed in storage in Montana during spring, and Land Application Discharge has shown to be an effective method for disposing of stormwater during the dry, summer season. LAD can also provide an alternative to recycling or treating waste water at on-site waste water treatment plant&. Application of stormwater or process water can result in little or no change to the background concentrations of metals in baseline water quality samples. One cautionary note about LAD: high salt concentrations and pH values are associated with process water from heap-leach facilities and are known to cause burning of local vegetation. Some pre-treatment of process water may be necessary to prevent such environmental problems.

Jan 1, 1994

By T. W. Meikle

Three nutrient amendments and a biological seed inoculant were evaluated for use in establishing vegetative cover on waste rock substrates. Randomized blocks were placed on three substrates. Treatments included two types of organic fertilizer, mineral fertilizer, Azospirillum bacterial inoculant, plus controls. The seed mix consisted of native grass species adapted to low nutrient conditions. Canopy cover has been monitored for three growing seasons. Results indicate: 1) two of three substrates support plant growth following amendment with organic fertilizers; 2) organic fertilizers increase cover substantially over mineral fertilizer; and 3) Azospirillum had no effect on canopy cover.

Jan 1, 1999

The removal of tritium from tritiated water (-0.5 µCiIL) was studied by metallothermic reduction using aluminum. The influence of the three variables namely the aluminum powder amount, the NaOH concentration and the reaction time has been studied on the tritium activity reduction. The experimental results and statistical analysis showed that more than 85% of tritium can be removed from the tritiated water. Further work on the tritium recovery as well as efforts to totally decontaminate water by incorporating a cryogenic concept is currently pursued.

Jan 1, 1998