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By Donald W. Gentry

This section deals with one of the most fascinating aspects of mining the evaluation of mine investment opportunities. Be-fore proceeding further, it is important to clarify the meaning of some fundamental terms used frequently in the text. 6.0.1.1 Mine Valuation vs. Evaluation The words "valuation" and "evaluation" in a mining context are often used interchangeably. However, for the purposes of this section, a distinction is made between the two terms in accordance with commonly accepted practice. The word valuation in a mining project context has the rather narrow meaning of placing a dollar or other currency value on the worth of the project as a whole. In other words, the value of a mining project refers to a measure of the desirability of ownership of that property. As such, the major item of interest is, "what is the mine worth?," or `what is the value of the mine?" The value of a mining project may actually be determined in the marketplace at any specific point in time, or it may be estimated by one of several methods. The topic of mine valuation is discussed in more detail in Chapter 6.1. The word evaluation in a mining project context connotes the broader meaning of determining the numerical values of all

Jan 1, 2008

By C. J. Van Treeck

PGE concentrations of 18 g/t occur in the pyroxene rich rocks at the Union Bay Alaskantype complex. This PGE enrichment is hosted in magnetite veins. These veins cross magmatic layering and have an irregular morphology in both outcrop and thin section. Fe-Ti oxide geothermometry suggests that this mineralization took place between ~700-400°C. A variation in the amount of ilmenite and Mg- Al spinel exsolution in magnetite correlates with temperature estimates, lower temperature magnetite has less exsolution. Hydrous silicates form an alteration envelope around magnetite veins with a formation temperature of <575oC, vary with temperature, and contain appreciable amounts of Cl. Interaction of a PGE-Fe-Cl rich fluid with clinopyroxene increased the fluids pH and decreased PGE and Fe solubility depositing a PGE enriched magnetite within the Pyroxenites and Olivine Pyroxenites of the Union Bay complex.

May 1, 2003

By F. S. A. de Frey

The main users of computerised financial evaluation tools in the mining industry are the mining investment analyst, the mine manager together with his financial manager and the mining student (undergruadate and post-graduate). The mining investment analyst&apos;s needs mainly centre around the-micro and macro aspects affecting the mining industry in general. The mine manager needs a tool to assist him with the planning, reporting and controlling of production, costs, efficiency, productivity and cashflow. For the mining student studying Financial Evaluation, the main need is for a computer program which will assist him in learning the basics of the subject. This paper concentrates on the needs and objectives of the course Financial Mine Evaluation, the approach to which is presented. Emphasis is placed on the practical computing sessions and the role of the FCS-EPS package as a training tool.

Jan 1, 1987

I had the opportunity recently to visit a magazine site of a major explosives company. It was fun to see the storage areas again and it was really interesting to see one of the old magazines that probably dated back before my time. Now that’s an old one. As son Tom says, “When Dad was young the Dead Sea was just sick.” While the magazine has been upgraded with a modern lock to match today’s standards it still has the old tumbler lock that is opened with the large bronze key. Those old tumbler locks were just about standard on magazines years ago. Those bronze keys were heavy and would make a good display item today or maybe a substitute for a blackjack. I don’t think the old locks would stop the modern criminal but then in those days we were all less sophisticated. And maybe I shouldn’t say this but honesty was a bit more prevalent then. Maybe ‘cause old fashioned police brutality still prevailed.

Jan 1, 2004

By Benjamin H. Clark

"For over 50 years, Derrick Corporation has been renowned for its innovative and durable fine screening equipment and screen surface technology. Derrick’s latest innovation, the patented Stack Sizer, offers mineral processors both high tonnage capacity and high separation efficiency on an extremely small footprint.The Stack Sizer is suitable for separations from 6.3 mm down to 75 microns (200 mesh). The Stack Sizer, coupled with Derrick’s patented urethane screen surface technology, offers an extremely economical alternative to hydraulic classifiers, hydrocyclones, and less efficient low volume wet screening systems. Stack Sizers have been used in feed preparation for flotation, spirals, and a variety of jigs. Mineral processors wishing to reduce grinding circuit circulating loads and generation of slimes due to over grinding, thereby enhancing the efficiency of flotation and gravity circuits, now have another technology at their disposal to perform this critical sizing and grade control function.Over 200 Stack Sizers have been installed in numerous mineral processing applications worldwide attesting to the rapid acceptance of this technology. Stack Sizers are currently screening ferrous and non-ferrous metal ores, mineral sands, silica sand, kaolin clay, feldspar, garnet, phosphate, aluminum dross, potash, coal, tantalum, spodumene, niobium, and other rare earth mineral ores.INTRODUCTIONDerrick engineers have long understood and demonstrated the importance of screen width in coupling both high capacity and high separation efficiency for fine wet sizing applications. As opposed to fine dry sizing, where the length of the screening machine is critical for high separation efficiency, introducing slurry feed to screens in a thin and even layer at minimal velocities across wider screen surfaces allows for high capacities and efficiencies, with maximum screen cloth life. This is due primarily to the combination of free liquid and high frequency vibration of the Derrick motors, which allow fine undersize material to pass through the screen apertures. Lacking either of these factors would be extremely detrimental to the screening process. Without the high frequency vibration of the motor, the screen is essentially a low efficiency sieve bend. Without the free liquid to carry fines through the screen openings, the screen is for all intents and purposes a glorified conveyor or dewatering unit, as little or no sizing takes place once the screen is devoid of free liquid. For optimal screening results, Derrick recommends feeding slurry to a screen at approximately 20% solids by volume. Figure 1 shows the Stack Sizer design concept. Note that a single feed point is used to evenly distribute the flow to the five separate feed points."

Jan 1, 2007

By A. J. Farstad

The principle objective of the research effort described herein was to identify as rapidly as possible a practical trapped miner location system. Much effort has been expended in the past on the development of a highly sophisticated seismic location system [1] for trapped miners. Field tests of this system have shown that the location accuracy is limited by a combination of seismic velocity anomalies, timing errors, and in general by the relatively weak nature of the signals received at the surface. It was first felt that similar propagation anomalies would be experienced by electromagnetic systems, but to a greater extent than the seismic. However, preliminary tests performed by Westinghouse on the Operations and Maintenance Program, Contract No. H0210063 in 1971 and 1972, indicated that an electromagnetic solution to the location problem may be more feasible than a seismic solution. Thus a more concentrated effort was launched in 1972 and 1973 to more completely determine the feasibility of electromagnetic location systems for trapped miners. Two different approaches to the location problem were undertaken on this program: (1) A pulsed electromagnetic system was developed by the Special Systems Division of Westinghouse in Baltimore, and (2) a Continuous Wave (CW) System was developed by Westinghouse Georesearch Laboratory (WGL) in Boulder, Colorado. Part I of this report will deal only with the development and results of CW Location System developed by WGL. The CW Location System was field tested at three eastern coal mines and at one western hardrock mine. The maximum overburden depth penetrated during these tests was 990 feet at the Robena No. 4 mine near Waynesburg, Pennsylvania. The earth conductivity at this mine was measured to be 1. 1X102 mhos/m, which combined with the deep overburden make this mine representative of expected worst case conditions for a coal mine EM location exercise.

Jan 1, 1973

By G. B. Glass

In 1996, 92.5% or 233 Mt (257.4 million st) of coal produced in Wyoming came from the Wyodak coal zone in the eastern Powder River Coal Field. While the mined portions of the zone consist of one to three beds of coal with an aggregate thickness between 15 and 33.5 m (50 and 110 ft), the thickest expression is 61 m (200 ft). The delivered coal from this zone averages 0.33% sulfur, 5.12% ash, and 19.98 MJ/kg (8,590 Btu/lb). This coal zone occurs at or near the top of the Paleocene Fort Union Formation, which is overlain by the Eocene Wasatch Formation. There is also production from two coal beds in the lower portion of the Wasatch at the southern end of the basin. Production of coalbed methane derived from the Wyodak coal zone is currently an estimated 10.2 billion cu ft a year. This production is occurring just west and downdip from the coal mines and is increasing each year.

Jan 1, 1998

By AIME AIME

CERTAINLY in point of attendance, and doubtless in several other ways as well, the 147th meeting of the A.I.M.E. was the best ever held. In times of depression, mining engineers and metallurgists have plenty of time to come to the Annual Meeting but money is scarce; at the height of industrial activity they have plenty of money but no time. "The current period of transition seemed to provide ideal conditions for&apos; both the preparation of papers and attendance at their presentation. The weather made even the Californians present envious though the weather man gets no credit, for rain and snow was what he willed. Among the elevator men, the miners have the reputation of being the toughest crowd to handle, though the best natured, withal, of all the engineering groups that meet in the Engineering Societies Building. This year Your inquiring reporter was told, "it was the damnedest meeting I ever saw; they

Jan 1, 1937

By J. C. Bothan

A program to provide technical in-formation on the use of fuels in pyro-metallurgical processes, from the Canadian fuel viewpoint, was initiated about five years ago by a Canadian Institute of Mining and Metallurgy liaison grou1> composed of members from the Coal Research Committee of the Coal Division and the Iron and Steel Committee of the Metallurgy Division. This paper is another of a series prepared for this program. Previous papers included a review of pyrometallurgical processes of Canadian interest, a survey of ferrous processes relevant to the development of an integrated steel industry in western Canada and a survey of the fuel requirements of the non-ferrous metals industry in Canada. It is widely recognized among per-sons familiar with the Canadian coal industry that, because of the large resources of coking coal in western Canada, the

Jan 1, 1963

By Randy Vranes

Sophisticated information technology, quality management systems and a commitment to the environment has allowed Solutia’s Soda Springs phosphate mine and elemental phosphorus plant to reduce operating costs, improve product quality and contribute to the sustainable development of Idaho’s industrial minerals. Soda Springs background The Soda Springs phosphate mine and plant is a joint venture between Monsanto and its operating partner, Solutia Inc. The operation is based in southeastern Idaho in the Western Phosphate Field. The plant is located about 275 km (170 miles) northeast of Salt Lake City, UT and about 4 km (2.5 miles) north of the town of Soda Springs.

Jan 1, 1999

By Ann Barron

For millions of people, cold weather is a fact of line – and one that can make a major challenge out of just getting to work. But for those working in the blasting industry, a number of obstacles are created when old man winter blows in. In addition to the obvious concerns regarding personal protection, Mother Nature can throw some very nasty weather at the blasting crew trying to travel with explosives products from the magazine site to the job site. As such, divers need to be familiar with cold, ice, and snow driving conditions both on and off the blast site. It’s critical to know what to expect before you leave. Keep informed of the latest weather and road conditions as they change often; it will help you make the right choice in clothing and driving habits. Remember bridges and overpasses will freeze first even in temperatures above or near the freezing mark due to the effects of wind chill. Plan to take extra time to and from the job site.

Jan 1, 2004

By Don A. Toth

Until recently, the fire protection systems used to protect mining equipment were based on generically designed, off the- shelf concepts. These systems were reliant on single agent approaches and were generally comprised of a series of small twenty or thirty pound chemical canisters that would discharge their contents when triggered by thermal detection means. As the equipment grew in capacity, the logic used to increase the protection was to add more chemical canisters to the system. Hydraulic excavators and large-scale mining trucks grew dramatically in size into the 1990?s and beyond; with this growth came the increase in major losses due to fire. This was evidenced throughout this period, and continues to be of great concern today. During this presentation you will learn of the significant changes that have come about as a result of this history. Today, dual-agent products, infrared detection and unit-specific, engineered systems are the primary phrases used when discussing how to best protect this equipment from fire loss. This session is a must for anybody looking to optimally protect their equipment assets and for those looking to renew and/or secure new insurance for high value equipment in the future.

Apr 1, 2005

By Katsuyoshi Kondoh

The utilization of silica particles originated in rice husks as reinforcements of magnesium composites was discussed. By using the solid state reaction of rice husk silica particles with magnesium powder, P/M magnesium based composites dispersed with the magnesium silicide (Mg2Si) and magnesium oxide (MgO) were fabricated. High-purity silica particles were originated from rice husks, one of the major agricultural wastes, via the citric acid leaching treatment and combustion in air. The effects of the silica particle characteristics such as size, crystalline and porous structures, on the reactivity of silica and magnesium to synthesize Mg2Si intermetallic were discussed. Amorphous silica was more useful for this reaction than crystalline one. The reactivity of rice husk silica was superior to that of the conventional mineral silica particles because of not only its amorphous structure but the larger specific surface area due to their pore structures. In the case of the green compact of the mixture of the rice husk silica and Mg powder, the silica particle size was not effective on the reactivity because the coarse particles were fractured into fine ones by cold compaction. The distribution of Mg2Si intermetallics of magnesium powder composites consolidated by SPS process was investigated by XRD and SEM-EDS analysis. Their mechanical and physical properties were also evaluated in detail.

Jan 1, 2009

By J Morton

The Resource Management Act 1991 represented an innovative and unique piece of planning and environmental legislation when it was introduced. Since the Act was passed into law in 1991 it has been subject to nine amendments, many of which were of the ætinkerÆ variety. These amendments recognise that the Act has not been as successful in providing the æone-stop shopÆ for resource users that the Act was hoped to be. The latest and most significant attempt at changing the Act was the Resource Management Amendment Act 2003. The amendments made by the Amendment Act have proved to be largely unsuccessful in achieving any significant changes to the way resources are managed in New Zealand, and have failed to address many of the concerns which drove the original Resource Management Amendment Bill in 1999. The recent decision to discontinue further investment in Project Aqua has once again placed the Act in the spotlight as a significant hand-brake on major projects. This particular event has led to yet another review to be undertaken this year. The review will focus on five key areas: &nbsp; 1.&nbsp;&nbsp; achieving the right balance of national and local interests; 2. &nbsp; improving the design and process for local policy formulation; 3. &nbsp; improving the consent decision making process; 4. &nbsp; allocation of natural resources (water, air and geothermal); and 5. &nbsp; supporting measures for building capacity and promoting best practice and implementation at the local authority level. &nbsp;It is important for the business community and the mining industry in particular to seize the opportunity that this review provides to make sure that any amendments undertaken as a result of the review achieve the aims listed above. The review needs to be considered in light of the current regime for the management of natural resources in New Zealand. In addition to the Resource Management Act 1991, the Crown Minerals Act 1991 and the Building Act 1991, which form the core resource statutes in New Zealand, there have been other developments affecting the regime. Special legislation over and above the Resource Management Act 1991 has been enacted to protect the Hauraki Gulf and special legislation is currently being considered to protect the Waitakere Ranges in Auckland. In the Hauraki District mining is prohibited in some areas and a plan change mechanism is specified as the appropriate tool to use in the event a mineral resource is to be developed in those areas. The current review is a further opportunity to remedy the inadequacies of the Act.

Jan 1, 2004

By Robert T. Davis

An award is a form of recognition given for superior performance in a special field of endeavor. Each year awards are given by the Joseph A. Holmes Safety Association and the National Safety Council to the coal-mining industry&apos;s underground and open-pit mines that have worked a specific number of man-hours without a lost-time injury. These awards have a dual significance in that they prove efficiency can be attained without injury to persons. Safety awards do not result from luck or good fortune but do result from sincere desire coupled with sufficient effort and cooperation to achieve a desired goal.

Jan 1, 1964

By Richard F. Sliwoski

The Virginia State Capitol was designed by Thomas Jefferson and constructed in 1785. The Capitol is of great historic and architectural significance to not only the Commonwealth of Virginia but to the nation. It is the oldest operating Capitol in the U.S. and required a total restoration/renovation as well as an expansion to continue to remain functional. Site conditions dictated that the expansion (a new visitor center) be placed underground on the south side of the Capitol building, requiring a 40-foot deep excavation approximately 5 feet from the Building. Because of its historic significance, every measure had to be taken to ensure the safety and function of the Capitol during construction. The construction techniques that were used to make the deep excavation and protect the historic Capitol included a tied back concrete slurry wall, jet grouting, compensation grouting, and instrumentation monitoring. This paper describes the history of the Capitol building, the techniques that were employed for construction of the deep excavation, results of the latest movement monitoring, and factors contributing to meeting the restrictive movement goals.

Jan 1, 2006

By David A. Hall

We present an analysis of the propagation in a uniform tunnel of semi -circular cross section that contains two axial conductors. In particular, we show that, even if one of these conductors has high ohmic loss, one of the two propagating modes has relatively low attenuation. This corresponds to the situation where an unloaded dedicated wire is used to improve radio frequency communication in a mine tunnel that contains a heavily loaded trolley wire.

Jan 1, 1978

By Jorge Madias

O trabalho está baseado na análise de dados de perto de 200 fornos elétricos a arco de diferente design: convencional, de corrente contínua, de carcaças gémeas, com preaquecimento de sucata no transportador ou em shaft, etc. Incluem-se fornos que processam principalmente sucata, e fornos com carregamento parcial de gusa sólido ou líquido, ferro briquetado a quente (HBI) ou ferro esponja (DRI) a frio ou a quente. São avaliados os consumos de energia elétrica, oxigênio, gás natural e materiais carbonosos; os tempos entre vazamentos, com forno ligado e com forno desligado, assim como a produtividade horária. Com os dados obtidos, se analisa a influência dos metálicos (e seu estado térmico ao momento do carregamento), e o design do forno, sobre os consumos específicos mencionados e a produtividade.

Oct 30, 2017

By A. J. Kauffman Jr.

The Petrographic Section of the Bureau of Mines, Northwest Electrodevelopment Laboratory, Albany, Oreg., annually examines thousands of minerals and rocks. Samples are received from mining, engineers, prospectors, and government agencies, both State and Federal. During the past 2 years certain uncommon minerals have been identified in the samples submitted. Eleven occurrences have been selected for reporting in detail. These selections were made because in most cases a new locality is involved. The data reported are the result of application of the latest techniques, and widely disseminated references concerning each mineral have been added for completeness. Several occurrences have been described by other investigators; in those cases new data have been supplied to supplement the already published information on these occurrences. No uranium-bearing minerals have been included; they will be treated in another paper. The Bureau of Mines does not make chemical analyses or assays for individuals or firms In direct competition with private laboratories. Mineral¬ogical examinations, however, are made for prospectors and the general public. Such examinations a call surface to determine whether the sample in question has possible commercial value. If it has apparent value, the sender is so informed, and suggestions as to its .Arc, development and marketing are offered. The latest scientific apparatus is available to aid in identification. The apparatus includes microscopes, both wide-field and polarizing, a Bunsen-type spectroscope for visual observation of the Zinc and band spectra of many elements, differential thermal apparatus for the examination of hydrous material, apparatus for cutting and mounting either thin sections for study in transmitted or polished surfaces for reflected-light studies, and a high-intensity magnetic separator for concentrating minerals according to their magnetic susceptibility. Also, available, but not an integral part of the Section, are several laboratory-type Geiger counters, a grating spectrograph, and X-ray diffraction apparatus. If need be, all of these tools may be employed to identify a mineral or rock.

Jan 1, 1950

By King R. L

Low-enthalpy geothermal groundwater resources occur at relatively shallow depths in the Upper Cretaceous/1&apos;ertiary sedimentary sequence in the on-shore Gippsland Basin. The main stratigraphic unit containing hot groundwater is the Latrobe Group. Groundwater temperatures in the range 30 to 70¦C have been recorded from depths between 500 and 1000 m. The hottest groundwater is in the Latrobe Valley and Lake Wellington depressions. Geothermal gradients in these areas range from less than 2¦C/100 m to over 10¦C/100 m (compared to a world average of about 3¦C/100 m). A number of theories have been advanced to explain the geothermal anomalies including exothermic reaction such as oxidation of coal, mixing with deeper, hotter groundwater and high geothermal fluxes along fault zones. Variations in geothermal gradients can also result from type and thickness (and hence thermal conductivities) of the sedimentary pile, depth to consolidated basement rocks, and influence of groundwater flow patterns including proximity to recharge zones. The hot groundwater in the Gippsland Basin has substantial potential as a source of energy for direct heat applications such as process heating, space and water heating for buildings, and agricultural and aquaculture. Geothermal energy has a number of environmental advantages over traditional sources of energy. It is clean, safe, causes minimal land disturbances and in most cases is naturally renewable.

Jan 1, 1992