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Post--Crunch Financial Management -An Overview A. The Industry and the Capital Markets B. .The SME -De-risking the Current and New Assets Followed by: C. The Lender?s Perspective on Re-financing?Jeff Stufsky, BNPParibas, NYCD D. .The Agency/Export Credit Lender Perspective?Doug Macaulay, EDC, Ottawa E. The Foreign Political Insurance Perspective?Pierre Vieillescazes, Carrick-Bend, Washington, DC ?Four Fundamental Metal Models No Longer Prevail. ?Mining is in new ?waters?: so be prepared (next page). ?Capital markets are uncertain-so be your own financier first ?If tight capital may remain, prepare to triage based on cash-flow production (not oz, lbs, tonnes, etc) ?Know your banker/financier(and it should know mining) ?In the past, it was ?know your borrower? ?The climbing team can fall if one climber carries too much ?Constantly re-assess the risk matrix (and j/v?s), and ?De-risk/diversify both the asset and the capital base

May 1, 2010

By Roger Reed

It is well known that the performance and carbon emissions associated with the modern gas turbine engine depend critically upon the properties of the nickel-based superalloys, particularly those used in single crystal form. However, the design of all alloys in current use has been essentially empirical, or at best heavily reliant upon regression/neural network analysis of experimental datasets. In this paper, alloy design approaches [1] are described which are able to identify new alloy composition spaces which are worthy of experimental study. It is shown that a large amount of design data can be generated, which can be interpreted in different ways. Of course, the success of the approach depends heavily upon the accuracy of the underlying sub-models. Estimates of the creep resistance, cost, castability, density and oxidation resistance are made. It is demonstrated that these methods allow quantitative trade-offs to be made between the properties of interest.

Jan 1, 2010

By T. Watanabe, M. Nakagawa, K. Kimapong

Ultrasonic wave was irradiated on metal surface in water to introduce compressive residual stress. The ultrasonic wave that was oscillated with 19.5 kHz ultrasonic transducer and amplified with a step type horn was irradiated. Slight plastic deformation occurred at the surface region of pure metal such as Cu and compressive residual stress was introduced. It seemed that the plastically deformed depth from the metal surface corresponded approximately to the depth of introduced residual stress. The higher compressive residual stress could be introduced into the surface of Cu-Zn brass and SUS304 stainless steel because work-hardening was simultaneously induced to those alloys. Furthermore, since martensitic transformation was induced by the plastic deformation in the case of SUS304, the compressive residual stress could be introduced more deeply into the surface region. The residual stress of SUS304 reached to the maximum value of 574 MPa by irradiating for 5min.

Jan 1, 2004

By F. Schulz

NA's primary smelter has continually increased its production output in the past decade, making it necessary to improve the lifetime of the casting moulds for copper anodes. The current throughput of more than 1,100,000 tonnes per year of copper concentrates amounts to an output of about 450,000 tonnes per year of anode copper at NA's Hamburg plant. The anodes are cast on a single casting wheel with 24 anode moulds. Besides the stable chemical analyses, the reproducible geometry of the anodes is an important precondition for the success of the subsequent electro-refining process. The anode moulds are subjected to thermally-induced alternating stress and side reactions with the melt. Typical signs of wear will be shown and discussed. Different processes to produce anode moulds will be introduced and the results in terms of their lifetime and the quality of the anodes themselves will be discussed. Finally an outlook is given on possible efficiency improvements.

Jan 1, 2007

By Jucheng Wang

Unplanned open stope dilution is a major cost factor for many mining operations, even though significant advances in empirical and analytical approaches for estimating stope dilution have been made. Many factors that influence hanging wall dilution are still either ignored or assessed in purely subjective terms. Undercutting the stope hanging wall on both the overcut and undercut development are well recognized factors which contribute to hanging wall instability and dilution. In many mines, undercutting the hanging wall breaks the integrity of the rock mass that may form along continuous foliation or bedding planes parallel to the stope hanging wall contact, reducing stability. This undercutting also increases the zone of destressed or relaxed rock that may potentially fall into the open stope as dilution. An approach is introduced for quantifying the effect of undercutting on potential stope dilution. An extensive database of stope case histories has been collected to look at dilution from Hudson Bay Mining and Smelting operations (HBMS) in Flin Flon.

May 1, 2002

By M. Kawahara, H. Sunayama

Oxidation rates of the cubic specimens, which were prepared by cutting the shaped magnesia-carbon bricks, were measured continuously with a thermo balance in the temperature range from 1273 to 1 823 K in N2-02 and Ar-02 mixed gas with 2.1 x 104 and 3.7x 102 Pa of oxygen partial pressure respectively. The effect of the graphite content, the maximum grain size of magnesia clinker and the oxygen concentration in the atmospheric gas on the oxidation rate for the MgO-C refractory has been investigated. The value of effective diffusion coefficient of O2, which diffuses through the porous decarburized layer, decreased with the decreasing of the porosity and the oxygen concentration in the external gas phase. It was speculated that the dense layer formed easily due to the high tortuosity of pores and the low recession speed of the carbon interface in the MgO-C bricks.

Jan 1, 2004

By K. Madi, E. Yeugo Fogaing, S. Forest, M. Boussuge, L. Massard, M. Huger, Gaultm C.

This study has been carried out owing to the French research program PROMETHEREF, which aims to improve the knowledge of thermal and mechanical properties of industrial refractories at high temperature. In this frame, this paper relates a collaborative study between Saint-Gobain CREE, R&D Centre for Saint-Gobain Ceramics & Plastics in Europe (Cavaillon), the Materials Center P.M. Fourt of Ecole des Mines de Paris (Evry) and the Research Group on Heterogeneous Materials (GEMH) of ENSCI (Limoges). Data collected at high temperatures by using different means (bending tests, ultrasonic measurements,...) allows the identification of the high temperature behavior of two fused cast materials, produced by Saint-Gobain group for the glass manufacturing industry. The results emphasize the importance of the transformation of zirconia and of the viscosity of the glassy intergranular phase on the mechanical behavior. Damage under the form of microcracking caused by thermal expansion mismatch between the phases is also observed during cooling down at low temperature, when the material is elastic.

Jan 1, 2004

By M. Boussuge

Ceramics and refractories have many common constituents and consecutively exhibit several analogous properties. For example, concerning the thermomechanical properties this paper will focus on, the type of creep that can be observed in both materials is often the same (kinematic hardening). Changes in microstructure (phase transformation, dehydration, sintering, crystallisation,...), induced by heating and/or cooling, can also drastically modify the mechanical behaviour of ceramics and refractories. But the coarse granulates, the porosity and the impurities contained in industrial refractories may lead to specific responses of this material to thermal and/or mechanical loadings. In particular, some differences can be observed with technical ceramics in the main type of damage observed in service : diffuse damage in refractories (microcracking) and localised damage in ceramics (macrocracking). In this paper, the possibilities of transferring a part of knowledge from ceramics to refractories will be discussed, in the field of thermomechanical properties : experimental characterization techniques, mechanical behaviour models. Finally, some problems caused by scale effects and by the integration of thermomechanical properties of refractories in the numerical simulation of industrial structures will be evoked.

Jan 1, 2004

By E. A. Haack, L. A. Warren

Microbial biofilms are essentially biologically driven, geochemically reactive interfaces between solid surfaces and aqueous solution. Field investigation of acid rock drainage (ARD) associated biofilms at the Onaping nickel mine (Onaping, ON, Falconbridge Ltd.) characterizing: (1) micro-geochemical gradients (pH and 02) (2) metal fractionation amongst biofilm solid components, and (3) microbial communities; over both seasonal and diel timescales, indicates biofilms are highly metal reactive. Results show that biofilms accumulate metals seasonally within two microbially controlled solid fractions: amorphous hydrous manganese oxide (HMO) biominerals and the organic biofilm matrix. The biofilm geochemical microenvironment, driven largely by microbial activity, dynamically impacts biofilm metal behaviour over diel timescales. These results indicate that microbes can play significant roles in bulk system reactive metal transport. On-going investigation seeks to characterize the microbial players and the microbial-geochemical linkages involved in Mn oxyhydroxide formation and subsequent metal sequestration, with the goal of engineering this microbial activity as a bioremediative approach. This approach will have utility beyond specific application to the Falconbridge Onaping site to ARD mine environments in general, as the likely microbes involved in these processes are typically common across ARD systems.

Jan 1, 2004

By B. Zhu, W. E. Lee, N. Li

Al powder is used extensively as an antioxidant in carbon-containing bricks, but it cannot be used directly in water-based carbon-containing castables due to its hydration tendency. To overcome this problem, in this work, SiO2-PVA (polyvinyl alcohol) inorganic-organic hybrid coatings have been prepared via sol-gel processing, and used to coat Al powder. The hydration behaviour of uncoated and coated Al powders has been investigated in water at 60 or 100°C for 36h by examining phase and microstructural changes. While significant hydration is detected in uncoated Al powder, no obvious hydration is detected in coated Al powder, indicating that its hydration resistance has been greatly improved. Oxidation resistance of graphite coexisting with uncoated or coated Al powder was also investigated in air at 1250°C for 1.5h. The oxidation ratio of graphite coexisting with coated Al powder was similar to that of graphite coexisting with uncoated Al powder, indicating that both powders showed similar antioxidising behaviour. This, along with the much improved hydration resistance, makes the coated Al powder a potential antioxidant in carbon-containing castables systems.

Jan 1, 2004

By J. A. Muñoz

In this work, short and long-term tests were performed using different massive mineral sulfide specimens (chalcopyrite, pyrite, sphalerite, galena, covellite and chalcocite) of museum grade and quartz of analytical grade in an acid medium containing silver ions. After attack, the samples were observed by SEM and products characterized by EDS. Parallel, massive specimens of pyrite (FeS2) and chalcopyrite (CuFeS2) were embedded in an epoxy resin, either electrically isolated or in electrical contact, and treated with silver ions in the presence of bacteria. Finally, massive chalcopyrite and pyrite electrodes were subjected to electrochemical measurements in an acid medium under different experimental conditions (addition of silver ions and inoculation). The results showed that silver deposition takes place preferentially on specific mineral surfaces: chalcopyrite, galena, covellite and chalcocite. The chemical reaction of silver ions with pyrite and sphalerite was negligible at low silver concentration (8 ppm). But sphalerite reacted with silver ions at higher silver concentration (100 ppm). In a mixture of chalcopyrite and pyrite, silver was deposited on the former surface creating new cathodic sites which sped up the electrochemical reactions of chalcopyrite dissolution.

Jan 1, 2007

By Min-Yuan Cheng

Landslides not only cause interruption of road traffic but also cause damage to passing by vehicles and injure people in Taiwan. Due to the budget limitation of government, the overall assessments and maintenance of all road slops cannot be fulfilled. Priority of road for maintenance is a crucial task for road maintenance department to identify. The purposes of this research are to develop an assessment method for the landslide risk and to make strategies to maintain or repair the slopes along mountain roads. To aim both needs to take into account the environmental conditions of the slopes, the engineering measures for stabilizing road slopes, the transportation issues, and the human concerns when dealing with the slopes maintenance along the mountain roads. This study firstly establishes the Landslides Damage Risk Evaluation Model (LDREM) to calculate the risk of slope failure, considering the probability of landslides, temporal probability, spatial impact probability, the value of human life, transportation time increased, and travel cost due to detour etc., and then the loss of life and transportation can be calculated. Secondly, based on the value of risk and the risk evaluation, considering the risk acceptance criteria for loss of life could provide assistance for road maintenance department to determine the priority of mountain roads for maintenance.

Aug 1, 2013

By E. Rezaei

Glue is an animal protein that is used with other organic agent such as thiourea, in copper electrorefining. The concentration of glue has to be controlled carefully, because the electro-deposition process is often very sensitive to small fluctuation in the operating variable. This additive (glue) prevents rough and nodular copper cathode deposits. The nodular deposits may grow causing short circuits, which results in losses in production. Addition agents are effective in controlling metal growth; they modify the normal nucleation and lattice growth steps and refine the grain structure. In this research glue concentration was determined in an industrial copper electrolysis plant. A non-linear model with high capability was constructed and after optimizing its parameters, the accuracy and precision of the model were evaluated. For determination of glue concentration, electrochemical voltammograms in optimum condition (Differential pulse voltammetry technique, Hpulse=50 my, scan rate=10 mv/s) were plotted. Some information from voltammograms was transferred to the model as inputs and the calibrated model analyzed the information and the glue concentration was determined with high precision and accuracy. In this way there is no need to separate or add agents to remove interferences. This method has been successfully applied at Sarcheshmeh copper complex.

Jan 1, 2007

By S. Knapp

Inconel 600 pipes welded to Carbon-Steel are used in CANDU nuclear reactors. Fracture of these welded tubes would have important consequences in term of safety, and therefore their mechanical properties need to be better understood. In this study, the weld region was analyzed at various length-scales using optical microscopy, micro hardness testing, small and large scale tensile testing and digital image correlation (DIC). Large grains were observed in the weld region and smaller grains in the Inconel and carbon steel base metals. Micro-hardness profiles showed variations across the weld and through thickness and were justified in terms of residual stresses in the sample. Large tensile samples were extracted from the welded pipe and were used to identify the material in which fracture initiates. In addition, the local strains in each material were obtained using digital image correlation. Local stress-strain curves were built from the DIC data and compared to stress-strain curves obtained from miniature tensile samples extracted from the carbon steel, Inconel and weld regions. The results demonstrate the advantage of using DIC for extracting local material properties in dissimilar weld systems. Variations in the materials stress-strain curves thought thickness are also presented and emphasize the need for obtaining a complete map of the mechanical properties in the weld region for predictive models to be accurate. Preliminary fracture studies will also be presented.

Jan 1, 2011

By Elhachmi Es-Sadiqi

"For over 40 years, CANMET has focused its research on value-added products and energy efficiency in the metals industry. The Efficient Metal Production Program is currently managed by Dr. Elhachmi Es-Sadiqi, and the Canadian steel industry is its main client — both directly and through international organizations such as the American Iron and Steel Institute (AISI) and the International Lead and Zinc Research Organization. AISI membership includes Canadian steel companies IPSCO, Dofasco, Stelco, Algoma Steel and Sidbec Dosco.Canada’s steel industry makes important contributions to the economy. The industry comprises 14 companies and employs 33 600 people in locations such as Sydney, Nova Scotia; Tracy, Quebec; Selkirk, Manitoba; Saskatoon, Saskatchewan; and Sault Ste. Marie, Ontario. With annual production at about 16 million tonnes, sales in 1995 totalled $11 billion, $3.8 billion of which was exported.Canada’s steel industry supplies the transportation, oil and gas, appliance, packaging and construction industries. It is at the forefront of new technology use and has a substantial support network to provide raw materials, equipment and service. Three main segments of the industry include flat-rolled products (e.g., plate and sheet steels), long products (e.g., concrete reinforcing bar and structural steel), and specialty and alloy steels (e.g., stainless steel and tool steels, in both long and flat products)."

Jan 1, 1998

By D. A. Livingstone

"INTRODUCTORY REMARKS BY PANEL CHAIRMAN - D. A. LIVINGSTONEThe mining industry has progressed significantly from the dusty mines and mills of decades past to the modern processing complexes of today, and improved technology has made great strides in eliminating debilitating lung discuss. More recently, the public's environmental awareness is also working to enforce more stringent regulations and controls in tl1e matter of dust in working places.There are numerous excellent texts and handbooks outlining the principles of collection of dust produced in the various unit operations entailed in the crushing, screening and the transport of ore. However, it is painfully obvious that dust emanating from belt return idlers and scrapers, take-up pulleys, skirting, larger and deeper chutes, clean-up operations, etc., which I choose to refer to as fugitive dust, presents some seemingly unmanageable difficulties, or at least difficulties inordinately costly to correct. Possibly static electricity is adding to the difficulties. In my view, these problems are magnified in many of our B. C. operations where ore from open pit mines in cold climates is frequently crushed in unheated buildings, thereby precluding the simple and obvious use of water sprays for dust suppression.It is hoped that the presentations and discussion which follow will emphasize some of these unusual problerr.s and suggest corrective measures, either tried or planned."

Jan 1, 1976

By A. Ingelson, C. Nwapi

"With growing international interest in mineral resources in Central Africa, the importance of transparency in resource development cannot be overemphasized. Without transparency, the region cannot maximize revenues from resources. Although the importance of transparency is beginning to be recognized, many factors can hold back the gains of transparency from resulting in real economic development for the countries involved. This paper reviews current financial, economic, and development literature for Central African countries, with a focus on identifying underlying conditions and specific transactional conditions impacting the effectiveness of transparency in mining development in the region.RÉSUMÉ En raison de l’intérêt international croissant pour les ressources minérales en Afrique centrale, l’importance de la transparence dans le développement des ressources ne peut pas être surestimée. Sans transparence, la région ne peut pas maximiser les revenus tirés de ses ressources. Bien que l’importance de la transparence commence à être reconnue, plusieurs facteurs peuvent freiner les gains acquis de la transparence à produire un véritable développement économique pour les pays touchés. Le présent article analyse la littérature financière, économique et développementale contemporaine pour les pays de l’Afrique centrale, tout en ciblant l’identification des conditions sous-jacentes et les conditions spécifiques transactionnelles qui ont un impact sur l’efficacité de la transparence dans le développement minier de la région."

Jan 1, 2015

By George Booth

In mining operations the cost of timber is an item of much importance, because the life of mine timbers is, in many cases, very short and, as the supply of the better grades becomes depleted, less durable kinds must be used. This, of course, tends to shorten still further the period of service-ability. While it is possible that concrete and steel may, to some extent, take the place of timber in mines, their high initial cost and the difficulty in installation will greatly restrict their use. Moreover, wood, besides being comparatively cheap to handle, possesses other desirable qualities, and for many purposes a satisfactory substitute is hard to find. Both the decreasing supply and the increasing price of timber make its more efficient utilization imperative. AGENCIES DESTRUCTIVE TO MINE TIMBERS Timber used in mines is exposed to destruction from many sources. Wear, breakage, and waste are responsible for much loss. Wood rollers and drum laggings must be frequently replaced on account of the constant wear by ropes. Unprotected timber in chutes and mills is also rapidly worn by abrasion, and track ties in main haulage ways get worn by the feet of mules, cut by ropes, etc. Large amounts of timber are broken by 'crush' and 'squeeze,' and much temporary timber is buried beyond all recovery in pillar workings and in those mines which resort to back filling. Decay and insect attack, however, cause the greatest damage. If not totally destroyed by one or both of these, the timbers frequently become so weakened that they break under the pressure upon them.

Jan 1, 1926

By J. Bourgeault

Modem civilization is indebted to that most ancient of the skilled crafts - the art of stone working, as the one consistent means whereby the dim un-recorded past has conveyed to our modem schools of science volumns of facts, written in characters of imperishable stone. Although left, centuries ago, to ruin and decay, architectural examples of the ancient building crafts still remain to the glory of the old master-builders, whose accomplishments in that remote age continue to influence and inspire their modem successors. Present-day architects and builders will leave to posterity just as faithful a record of our modes of living and of the methods now adopted for protection, as if it had been made by written word; and our craftsmen have profited greatly, in meeting modem requirements, by taking advantage of the indurance and utility of stone. Stone in all ages and stages of the world's civilization and development has been the material chosen by the masterbuilder, the one material possessing qualities that render it most desirable in affecting the artistic ideals of each period. It perfects the science of architecture through its durability and thus renders possible the study of man's workmanship in stone throughout periods of civilization of which we have no specific written account. Other materials have been used for the construction of man's habitations, but none have withstood the test of time, nor have established the credit of designer and builder so well as stone. _All other materials fall into ruin and decay, leaving neither mark nor monument for the enlightenment of mankind.

Jan 1, 1925

By A. Boucher, D. Marcotte

"Abstract- The accepted practice for the estimation of thin (2D) vein deposits recommends the use of the grade x thickness service variable (i.e., the accumulation). Grade estimates are obtained indirectly by the estimated accumulation/estimated thickness ratio. This practice stems from the varying support (thickness) problem and the resulting non-additive nature of the grade variable. We compare the actual performance of the direct grade estimation approach used by some practitioners to that of the indirect approach using accumulation. Our simulated and real data indicate that the direct approach is more accurate for point grade estimation where the grade-thickness correlation coefficient is positive (and vice-versa). Moreover, the relative gain of the direct method increases with the (positive) correlation coefficient. This finding contradicts common thinking that the indirect approach should be the preferred method where grade-thickness correlation is strongly positive. Also, for a given positive grade-thickness correlation, the relative gain of the direct method increases with the coefficient of variation of the grade and thickness. Résumé - L’estimation de veines minces (2D) minéralisées est normalement réalisée à l’aide de la variable auxiliaire épaisseur x teneur (i.e., accumulation). Les estimés des teneurs sont alors obtenus indirectement du rapport accumulation estimée/épaisseur estimée. Cette pratique découle du problème du support variable pour la teneur, l’épaisseur de la veine, qui fait que la teneur est alors une variable non-additive. Nous comparons les performances de l’estimation directe de la teneur, utilisée par certains praticiens, à celle de l’approche indirecte. Pour l’estimation ponctuelle des teneurs, nos données simulées et réelles indiquent une meilleure justesse de l’approche directe quand la corrélation teneur-épaisseur est positive (et vice-versa). De plus, le gain relatif de la méthode directe s’accroît avec la valeur de cette corrélation (positive). Ce résultat contredit l’opinion répandue que l’approche indirecte devrait être utilisée en présence de forte corrélation positive de la teneur et de l’épaisseur. Nous montrons également que pour une corrélation positive teneur-épaisseur donnée, le gain de l’approche directe augmente avec les coefficients de variation de l’épaisseur et de la teneur."

Jan 1, 2001