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By H. A. Halupka, I. A. Mozer

"At its plant in San Juan, Peru, Marcona Mining Company operates two grate pelletizing furnaces for the agglomeration of 3.5 million long tons of magnetic concentrates annually. Line One, installed in 1963, was built by Lurgi as a downdraft process furnace utilizing a furnace fan for the recuperation of hot gases from the cooling zone. This line was modified in 1966 to include both updraft drying and downdraft drying, and the original roof burners were converted to side-wall burners. Line Two, a Dravo-Lurgi furnace with an annual capacity of 2.4 million long tons, was built in 1966. This line, in contrast to the modified Lurgi furnace, employs direct recuperation of hot gases from the cooling zone and utilization of process gases from the firing zone for updraft drying.At its plant in San Juan, Peru, Marcona Mining Compa-ny operates two grate pelletizing furnaces for the agglo-meration of 3.5 million long tons of magnetic concentrates annually. Line One, installed in 1963, was built by Lurgi as a downdraft process furnace utilizing a furnace fan for the recuperation of hot gases from the cooling zone. This line was modified in 1966 to include both updraft drying and downdraft drying, and the original roof burners were converted to side-wall burners. Line Two, a Dravo-Lurgi furnace with an annual capacity of 2.4 million long tons, was built in 1966. This line, in contrast to the modified Lurgi furnace, employs direct recuperation of hot gases from the cooling zone and utilization of process gases from the firing zone for updraft drying. 5 per cent increased capacity, 30 per cent lower fuel oil consumption, and approximately 400 per cent reduction in grate bar and pallet corrosion. Firing of the pellet bed was improved by conversion from roof to side-wall burners. This modification also permitted utilization of monolithic refractory in place of pre-fired shapes, thereby improving over-all furnace availability and reducing refractory stock requirements from 154 different shapes to 18.Data are presented to compare operating performance of the Dravo-Lurgi furnace and the modified Lurgi furnace. These data show 30 per cent lower fuel oil consumption and 10 per cent higher capacity per unit grate area for the Dravo-Lurgi furnace, which also averages higher availability due to greater operating flexibility."

Jan 1, 1970

By Tsunenobu Nozaki

"AbstractThe PRESS-IN METHOD is widely recognised as “an environmentally friendly piling method”. However, this characteristic is only one of the fundamental advantages of the method and this paper presents the most up-to-date capabilities of the method. Due to the evolution in recent years, the Press-in Method is now applicable to 2.5m thick retaining walls, over 50m deep foundations, overcoming rock conditions and confined construction conditions.The Press-in PrinciplesThe basis of the Press-in Method is simple. The Silent Piler presses a pre-formed displacement pile into the ground by static jacking force. The reaction for the Press-in Force is generated by gripping previously installed piles. As a pile is pressed into the ground, “A Pressure Bulb” is formed around the pile toe. Accordingly, higher bearing capacity can be generated compared to driven piles without disturbing the ground and producing any vibration. (A comparison of jacked, driven and bored piles in sand (2005), Deeks et al.)Applicable Pile ProfileThe Press-in Method is applicable to most of the steel piles available on global market i.e. U sheet pile in single form and pair, Z sheet pile, also in single and pair and Tubular Pile as described in Figure 2. Wall thickness of those piles can be 0.3m to 2.5m and moment of inertia of the wall ranges up to about nine million biquadratic cm per meter, which can deliver similar elastic modulus EI (kNm2/m) to 2.0m thick diaphragm walls and can be utilised for extremely deep excavations required in today’s construction industry"

Jan 1, 2014

By R. L. Grayson, G. Mishra

Introduction Many old underground mines have been developed extensively into reserves requiring large numbers of workers to maintain and rehabilitate lengthy track haulages and/or belt conveyor systems. Often, large numbers of fans are required to maintain minimal airflows in areas where poor conditions and huge leakages prevail. Problems that beset one such coal mine and projects undertaken to restore it to potential profitability are presented. Brief history The Vesta No. 5 mine was opened in 1908. Drift development began near the Monongahela River, which was the primary avenue for shipping metallurgical coal to coke ovens in Pittsburgh. Over the ensuing 75 years, the main haulage entries were developed a distance of 16.1 km (10 miles) to the present mining area. Track haulage was used to transport coal from working sections to the river loading facility. As haulage distance and areas of high water influx increased, management decided, in 1973, to construct an underground conveyor belt system. The project spanned 36 months and culminated in a system of 22 flights, ranging from 205.7 to 1767.8 m (675 to 5800 ft) long. Six intake and eight return entries were developed as the mains were advanced. These entries provided adequate ventilating capacity over the years, but as extensive gob areas progressed and roof conditions deteriorated, the entries became inaccessible and more resistant to airflow. By 1981, five fans were being used to circulate 943.9 m3/s (555.5 cfm) of air through the mine. An average of 6440 t (7100 st) were produced from 20.8 continuous miner unit shifts and 2.7 longwall unit shifts each day in 1981. The ratio of support to production personnel was 1.94. To maintain the outby 16.1 km (10 miles) of haulage, 110 personnel were used. The average cost per ton was $43.54 ($39.58 per st), resulting in excessive bottom-line losses. The mine possessed a rather promising reserve, mostly in lease, of good quality, medium-sulfur metallurgical coal, but it also had a number of formidable operating problems. Operating problems Contributing factors toward relatively low productivity and high costs were the conditions of the track haulage, conveyor, and ventilation systems. Productivity was affected greatly by downtime associated with the conveyor system, which lacked adequate access for making splices or other repairs. Many areas within the conveyor belt entry itself required more

Jan 3, 1987

By P. L. Yorio, D. R. Willmer

"The current paper presents the results of a study designed to explore the types of practices that are fundamentally important to developing and maintaining comprehensive risk-based health and safety management systems (HSMS) in mining organizations. Eighteen practicing health and safety (H&S) executives, managers, and professionals from a variety of mining commodities were asked to assess the fundamental importance of 20 distinct elements and 133 different practices assembled from a review of several HSMS consensus standards. The research approach assumes that developing and maintaining a robust HSMS requires unwavering attention to activities designed to either: 1) directly contribute to a risk management system’s plan-do-check-act cycle; or 2) build an organization’s internal infrastructure without which the cycle cannot be sustained. The results of this study suggest that the following areas require consistent focus and attention: Leadership Development; Accountability; Knowledge, Skills, and Abilities Development; System Coordination; Culture Enhancement; Behavior Optimization; and Risk Management Studies. Each element and its corresponding top-ranked and top-rated practices are discussed.INTRODUCTION Since the time of the Industrial Revolution, occupational health and safety (H&S) management has been a topic of practitioner thought and academic inquiry (1). In the U.S., decades of regulation and research have resulted in a surplus of prescriptive information (techniques, tools, approaches, standards, programs, practices, policies, etc.). With an abundance of such information, a simple H&S solution to address a problem in the U.S. mining industry may seem straightforward. Counter to this assertion, however, some evidence suggests that the abundance of information may create complexity and cause confusion in the minds of organizational leaders and H&S managers, ultimately discouraging the voluntary pursuit of a sound approach (2). In line with this perspective, in 2006 the U.S. National Mining Association (NMA) formed an independent commission to examine H&S management issues within the mining industry. The findings of the commission called for the mining industry to adopt a risk-based management paradigm. In the presentation of its findings, the commission stated that “…every mine should employ a sound risk-analysis process, should conduct a risk analysis, and should develop a management plan to address significant hazards identified by the analysis” (3). Grounded in the well-known plan-do-check-act cycle, the recommended risk management system allows for mines to ground strategic management choices in their mine-specific hazards and risk profiles"

Jan 1, 2015

By Wolfang Ladewg

Desde enero hasta agosto de 1965 se probó un prototipo del telémetro electro-óptico EOS de VES Carl Zeiss JENA, a través de las mediciones en unos 70 días. En ese sentido, el objetivo del presente texto es determinar la exactitud de medición, así corno la constante de adición y el alcance del EOS. Para ello, se midieron distancias geodésicos a base estandard en los campos de ensayo geodésicos de Potsdarn y en una red de ensayo determinada trigonométricarnente. La medición de las distancias se realizó en tres días, empleándose un reflector de siete prismas con sus correspondientes cuñas adicionales. Mientras que en los campos de ensayo geodésicos se midieron 19 distancias entre O, 1 y 7,5 km. Las mediciones se efectuaron en un espacio de tres meses en total con diferentes números de series

Nov 1, 1970

By D. Bogunovic

The U.S. coal mining industry consumes a significant amount of energy, primarily diesel fuel and electricity. The continuous global increase in energy demand, high energy prices, and environmental issues related to carbon dioxide emission represent a substantial challenge for the mining industry. This paper presents a result of research work on development of an integrated data environment system for analysis and control of energy consumption in a surface coal mine. A case study on an operating surface coal mine is carried out to demonstrate the practical application of the developed system. The research work presented here may be used by mining professionals to help provide the answers to the crucial questions of when, where, and how much energy is being used. This developed system represents a framework for efficient management of energy consumption. Key words: surface mining, coal, energy consumption, Information System.

Jan 1, 2009

By T. V. Nguyen

The feedwell performance in gravity thickeners and clarifiers relies on the efficient mixing between solid particles and flocculant to achieve effective flocculation, as well as energy dissipation of the incoming feed stream. A population balance-computational fluid dynamics (PB-CFD) model has been developed and validated to provide new insights into the operation and performance of industrial feedwells. In particular, the PB-CFD model enables the efficacy of the main functions of a feedwell to be investigated for a wide range of feedwell designs and process conditions. This paper describes how PB-CFD was used in the design and development of a new feedwell concept for the flocculation of particles in a solid-liquid stream. The patented feedwell design includes an upwardly converging flow diverter to create two separate compartments for energy dissipation and flocculation. PB-CFD simulations of this simple and easy-to-retrofit feedwell design illustrate a superior performance in terms of flocculation and energy dissipation compared to typical feedwells over a wide range of flow conditions. The potential benefits include reduced flocculant consumption, better de-aeration, greater stability and the ability to cope with a wider variation in volumetric throughput, better flocculation and fines capture, and a more symmetrical discharge that may also offer improved overflow clarity in some applications. The new feedwell design has been installed in a full-scale thickener at an Anglo American Platinum site in South Africa. A number of operational factors complicate this application, but indications are that the new feedwell has led to improvements in stability and underflow properties.

Jan 1, 2012

By Peter de Bakker

The objective of this contract was to develop a simple, reliable, economical, remote-control roof bolting module for installation of mechanical and resin bolts. It was to be capable of placing longer than seam height bolts, up to 10 ft lengths, from a seam height of 36 to 72 in., while keeping the operator under supported roof. The resulting machine, called REM-Bolter, is a low profile unit that utilizes Foster-Miller Flexible Shaft Roof Drill, a Bendix Roof Bolt Inserter and a newly designed. Roof Bolt Lifter/Torquer. Every effort was made to strike a compromise between complete automation and complete manual control. In a controlled laboratory environment the REM-Bolter remotely installed 1000 bolts. Subsequently the machine was tested in an operating coal mine where 500 holes were drilled (and an equal number of bolts were installed) remotely, over a 4 month period. The results of all tests Live shown that the operator of a machine of this kind can quickly, and repeatedly, install rootbolts remotely from his operator compartment some 8 ft away from the drilling/bolting action. The report includes recommendations for improvements to the present REM-Bolter design that would translate the present test bed into a second generation test bed and a potential first generation production unit.

Jan 1, 1983

By John B. Goddard

In-situ leaching of uranium by aqueous ammonium carbonate containing oxygen or hydrogen peroxide as oxidant results in the partial dissolution of sulfides. While some of the sulfide sulfur is oxidized to sulfate, a considerable portion is oxidized only to thiosulfate and polythionates. Polythionates poison the anion exchange resin used to extract uranium. At the Palangana operation in southeast Texas, the trithionate ion (S3062-) was found by infrared spectrometry to be the major resin poison. Treatment of ion exchange feed solutions with hydrogen peroxide only resulted in partial conversion of reduced sulfur species to sulfate, and trithionate conversion was particularly slow. Poisoning of the resin also occurred from the ammonium chloride eluant, which built up trithionate because of recycling. This was essentially eliminated by chlorinating the eluant prior to yellow cake precipitation.

Jan 1, 1984

By Ayumi Yoshioka

Os componentes automotivos em geral devem atender a especificações rigorosas de propriedades mecânicas, requisitos de limpeza inclusionária, entre outros. Enxofre e alumínio são dois elementos adicionados ao banho líquido, que têm papel importante na obtenção destas propriedades, mas que dificultam o processo de produção por lingotamento contínuo por favorecer a formação de partículas sólidas de alto ponto de fusão, que podem prejudicar a limpeza inclusionária e provocar a obstrução das válvulas de lingotamento. O objetivo do presente trabalho é analisar e classificar as inclusões de corridas do aço DIN 38MnSiVS6 em escala industrial e avaliar estes resultados em conjunto com os dados de processo de aciaria e com os resultados de simulação termodinâmica utilizando o software FactSage 6.4. Foi observado que as corridas apresentaram tanto sulfetos de cálcio quanto espinélios, mas as primeiras, associadas a uma fração líquida menor na escória, tiveram uma correlação mais perceptível com a má lingotabilidade.

Aug 17, 2017

By K. Najim, D. Hodouin

"The raw ores which are processed in mineral processing plants exhibit very strong variations of their physical and chemical properties. As a consequence, the performances of the comminution and separation processes vary greatly from time to time. Model-based control strategies improve the performance of the plant; however, they require some form of adaptation to cope with the variations of the are properties.This paper deals with the use of adaptive techniques for the control of mineral processes. It begins with a survey on adaptive control algorithms including parameters estimation aspects. Then several examples dealing with crushing, rod, ball, autogenous and semi-autogenous grinding, flotation , drying and calcination processes are reviewed.IntroductionThe operation of the various processes of mineral processing plants (crushing, grinding, flotation, dewatering, etc.) is generally controlled using empirically tuned regulators of constant structure, such as PID controllers. To improve the operation performance, mineral processors try to implement specifically designed controllers, i.e. controllers based on plant dynamic models. Most of the time, these techniques improve the control of the mineral processing installations. However, modelling is a complex procedure because of the problems of measurement and data management, specific to this industry, and because of the variations of the model parameters. In this context model-based control strategies do not always bring the expected improvements or are sometimes discarded and replaced by more conventional techniques .The sources of variation of the dynamic behaviour of mineral processing systems can be classified into three categories: (I) the inherent changes of the raw ore properties (composition, grindability, mineralogical texture, etc.); (2) the process tuning modifications (grinding media loads, number of hydrocyclones, slurry level in flotation cells, agitation speeds, etc.); (3) the feedrate variation of the ore, water, chemical reagents, etc. All these factors change the fundamental properties of the process dynamics such as the grinding or flotation rates and the residence time in the equipment. The simplified linear models which are used to describe the process dynamics are not able to track the complex behaviour of the mineral processing systems when the amplitude of the sources of variation are too large. The mismatch between the model and the plant behaviour is then frequently a cause of model-based controller failures."

Jan 1, 1992

By Francis Kendorski

The Skyline #3 Mine of Canyon Fuel Company in Utah was planning longwall mine development adjacent to and downdip of older mine workings known to be flooded. Barrier pillar geometries and widths were proposed by mining company personnel. Hydraulic conductivity testing suggested that the general characteristics of the local coal seam, dikes, and faults are only weakly conductive and that leakage through the barriers, if any, would be minor. The mechanical performance of the proposed barrier pillar design was evaluated according to (1) published empirical design methods and (2) numerical stress modeling. Comparison of the proposed design, with the range of barrier widths derived from the empirical methods, served as a first-order check on the adequacy of the proposed design. Numerical modeling was used to evaluate conditions site-specific to the Skyline #3 Mine and barrier geometry. Models were developed to quantify the relationship between barrier width and the abutment stresses onto the future workings. The models were also used to estimate the stress distribution within the barrier pillars. The hydraulic performance of the proposed barrier pillar design was evaluated according to (1) published empirical design methods for hydraulic impoundments, (2) empirical method estimates of seepage through coal barrier pillars, (3) numerical hydrogeologic flow modeling, and (4) numerical strain modeling. Using the techniques described above, and based on relevant industry experience, underground observations, knowledge of local geologic conditions, hydrogeologic measurements, and analytical results, the level of geomechanical risk associated with the barrier design as proposed was considered low and the level of hydraulic risk was considered moderate. The largest uncertainty that remained was the possibility that unfavorable geologic structures, such as faults and dikes, would act as conduits for leakage of impounded water into the new workings. Although the study indicated only minor steady-state leakage would occur through a small number of known structures, the presence and full leakage potential of threatening structures in the barrier could not be reliably known until the barrier was mined. One longwall panel has been completed adjacent to the barrier with no evidence of water flow even in fractured zones. Thus, as predicted by the modeling and analysis, it appears that abutment stresses imparted on the barrier during mining did not substantially alter the natural hydrogeologic characteristics, or leakage potential, of the barrier. The longwall coal mine water-barrier pillar design and performance are considered a success.

Jan 1, 2007

By Enrique Hauser

Discussion of the paper of ENRIQUE HAUSER, presented at the New York meeting, February, 1916, and printed in Bulletin No. 110, February, 1916, pp. 521 to 534. GEORGE A. BURRELL, Pittsburgh, Pa. Mr. Hauser determined the influence of inert gases on the properties of fire-damp mixtures, and one might take some issue with his work on the effect of hydrogen, on those mixtures. It is valuable information to have, but as far as the practical application of it goes, it is not of much significance, because one does not find it in mines, at least not in any appreciable amount. The same Fig. 1.-APPARATUS FUR DETECTING COMBUSTIBLE GASES IN AIR. thing can be said of ethylene. Ethylene is formed in considerable quantities as a product of heat reaction, but normally, in the coal mines, as a result of a great many analyses we have made at the Bureau of Mines, we cannot say that ethylene is a combustible gas found in the fire-damp in coal mines.

Jan 5, 1916

By Albert W. Deurbrouck

The performance characteristics of five hydrocyclone coal washers were evaluated to determine the sharpness and efficiency of separation that might be anticipated in commercial operation. The hydrocyclone overflows contained generally good clean coal products that would require little re-treating to remove misplaced high-gravity material. The underflows, however, contained from 63.6 to 36.7 percent of misplaced low-gravity material, which would require secondary cleaning to provide acceptable clean coal yields.

Jan 1, 1974

By James S. Graham

Research at the University of Colorado on southern pine and Douglas-fir piling has determined that the existing building code design stress values of 1200 psi and 1250 psi, as determined by ASTM D-2899, are substantiated; but testing procedures should be revised. All full size piling tests should be standardized at 1/d ratios of 2:1, or confined tests performed. Also, it has been determined that theoretical design values for timber piling should not be based on the lumber criteria of D-245 and D-2555, but instead should follow the pattern set by engineers in the utility industry for timber poles, in accordance with ANSI 05.1.

Jan 1, 1986

By W. H. Schiffbauer

The protection of miners, equipment, and infrastructure is discussed. While the primary focus of the described technology is to prevent miners from being injured, struck-by, or crushed by heavy equipment; another major benefit realized is also the protection of equipment and infrastructure. An attempt is made to define and classify the systems used to provide proximity detection and warnings as well as collision detection and avoidance. Information about the speed of vehicles and human operator response time can be a factor in the choice of what type of system and what features are needed to properly address the needs. How the technology adjusts to compensate for various vehicle speeds, while maintaining the same level of protection is noted. The statistics which justify the need of miner protection are provided. The primary system components required, what attributes they feature, and how they respond in the environment, is briefly highlighted. The physics behind the danger zone marker technology and what makes it so robust and reliable is established. Examples of a few mining applications and specific operational modes are provided for both surface and underground.

Jan 1, 2011

The following is an incomplete list of members and guests who called at Institute headquarters during the period Oct. 10, 1919, to Nov. 10,1919. Carl A. Allen, Salt Lake City, Utah. W. G. Mitchell, Montreal, Canada. M. M. Altmayer, Paris. Henry S. Munroe, Litchfield, Conn. A. E. Bellis, Major Ord., Springfield J. S. Negru, New York, N. Y. Armory, Springfield, Mass. Edmund Newton, New York, N. Y. R. S. Botsford, New York, N. Y. A. W. Newberry, Cleveland, Ohio. Henry S. Burnholz, Monterrey, Mexico. C. C. O'Harra, Rapid City, S. D. D. E. A. Charlton, New York, N. Y. Fred S. Porter, Philadelphia, Pa. C. C. Colburn, Denver, Colo. Donald A. Powell, Columbus, Ohio. C. V. Corless, Coniston, Ontario. Thomas T. Read, Washington, D. C. I. N. Daily, Seattle, Wash., W. L. Remick, Chrome, N. J. E. V. Daveler, Butte, Mont: Hallet R. Robbins, San Francisco, Calif. John Davis, Fairbanks, Alaska.' Milnor Roberts, University Station, E. W. Engelmann, Salt Lake City, Utah. Seattle, Wash. M. E. Erdofy, New York N. Y. Thos. S. Roberts, Lakehurst Proving W. F. Ferrier, Toronto, Canada. Grounds, N. J. H. A. Fisher, Pittsburgh, Pa. George B. Rodgers, Dobbs Ferry, N. Y. Walter Fitch, Sr., Eureka, Utah. John C. Rogers, Copper Cliff, Ontario. C. D. Grier, New York, N. Y. Joseph L. Rosenmiller, Bethlehem, Pa. A. Hibbert, London. . C. J. Saville, Portland, New South Wales. John E. Hodge, Minneapolis, Minn. W. A. Scheuch, New Jersey. W. E. Hopper, Newark, N. J. S. B. Shutts, Lynchburg, Va. M. R. Hull, McGill, Nev. E. W. Smith, U. S. Army. A. W. Ibbett, Trinidad, B. W. I. S. J. Speak, London. A. O. Ihlseng, Joplin, Mo. John. B. Stewart, Santiago de Cuba, Sherwin F. Kelly, Lawrence, Kans. Cuba. R. G. Knickerbocker, Logansport, Ind. S. A. Taylor, Pittsburgh, Pa. .M. H. Kuryla, Eureka Colo. Karl Thomas,' New York, N. Y. F. G. Lasier, Detroit, Mich. F. L. Torres, Eureka, Nev. David Lasuer, Elizabeth, N. J. Henry Traphagen, Toledo, .Ohio: H. H. Lauer, Allentown, Pa. W. D. Van Doren, Ottawa, Canada. J. Whitney Lewis, Care First Nat'l Bank, J. A. Vernon, Newport, R. I. Tulsa Okla James Wilding, San Francisco, Calif. James W. Love, Knoxville, Tenn. D. J. Williams, Butte, Mont. Dorsey A. Lyon, Washington, D. C. Harry J. Wolf, New York, N. Y. M. E. Martiner, Boston, Mass.. Dwight E. Woodbridge, Duluth, Minn. Benj. L. Miller, Bethlehem, Pa. Percy E. Wrighn, Seattle, Wash. W. G. Miller, Toronto, Canada. F. Yamada, Tokyo, Japan.

Jan 12, 1919

By W. G. Willson, D. E. Walsh, B. Irwin

Low-rank coal (LRC) drying processes are generally categorized by operating temperature, drying environment and type of feed (either sized or ground coal). Within these broad categories, drying processes differ according to the type of drying equipment and methods of quenching and stabilizing the dried products. This paper focuses on the produce quality of various LRC drying processes including conventional low and high temperature evaporative drying and non-evaporative, hydrothermal drying. The former may be preferred if the dried product can be utilized immediately, but moisture reabsorption, spontaneous heating and fines production during handling are problems associated with longer term storage, transportation and utilization. Methods for reducing these problems are discussed. Hydrothermal processing is an advanced technology featuring high pressure, non-evaporative drying, which solves stability problems by producing a liquid feel.

Feb 24, 1997

By Sheridan J. Rodgers

Toxic fumes generated during shot firing were measured in a phosphate rock mine and a copper mine. Fumes generated during firing of explosives in the Bureau of Mines 1350 ft3 test chamber were measured also. The release of fumes from water gels, ammonium-nitrate oil mixtures and nitroglycerin based explosives was studied. Direct reading instruments were used to monitor the fume concentrations. The amount of CO produced per unit weight of nitroglycerin explosives (0.41 ft3/200 grams) was higher than that produced by ammoniumnitrate-oil mixtures (0.24 ft3/200 grams) and water gels (0.16 ft3/200 grams). The amount of NOx produced by nitroglycerin based explosives was also higher than the amount produced by water gels or ammonium nitrate-oil mixtures.

Jan 1, 1976

By MATT RENAUD, Mustafa Kumral

As high-quality mineral deposits are thoroughly exploited, mines of the future will have to move towards more remote and lower quality projects. With these projects comes an increased business risk to the operator. Even now, mining companies often turn to foreign countries for new deposits to produce, introducing the concept of country risk into their portfolio. Furthermore, feasibility studies often fail to accurately quantify the risks associated with various projects, and as such, this study proposes a technique of risk quantification which can both aid mining companies to evaluate the viability of investment and assist in risk disclosure to public investors for the mining industry of the future. This paper aims to quantify the effects of country risk on the valuation of potential mining projects, using a combination of modular and risk-weighting techniques to evaluate the country risk premium (CRP) required to obtain capital for operation of risky foreign mining projects. The techniques proposed in this paper are demonstrated using fictional examples and then evaluated for accuracy against a recently developed debt-funded precious metal project in a country in the Americas.

Sep 30, 2021