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By Tetsuo Yamazaki

Natural cold seepages are characterized as rapid upward transports of methane from deeper parts of geological structures to the seafloor. Thermogenic and/or biogenic methane generated in deep sediments moves up to seafloor, and major part of methane is consumed in anaerobic oxidation of methane (AOM) and hydrogen sulfide is created in anaerobic sulfate reduction by consortium of microorganisms. Then the hydrogen sulfide is utilized by chemosynthetic communities near the seafloor, such as Acharax, Calyptogena, Bathymodiolus, and the mat-forming bacteria Beggiatoa (Fig. 1). When the supply of methane is large or rapid, remaining methane escapes from seafloor, and it is aerobically oxidized in seawater. A mass balance ecosystem model of chemosynthetic community around natural cold seepages in sediment layer and on seafloor has been created and improved by the authors (Yamazaki et al., 2005; Takeuchi et al., 2007). The model is constructed from 3 main processes as schematically shown in Fig. 2: (1) Methane supply process; (2) Ecosystem process; (3) Water column process. The part of chemosynthetic communities is in the ecosystem process. A numerical model CANDI (Carbon And Nutrient Diagenesis) was developed by Boudreau (1996) to simulate the biogeochemical processes such as organic matter, oxidant, nutrient, bi-product, and pH diagenesis in aquatic surface sediments. Then, the improved version named C. CANDI was developed (Luff and Wallmann, 2003; Luff et al., 2004). The authors created the same type carbon and nutrient diagenesis process model with calcium carbonate formation like C. CANDI (Yamazaki et al., 2005), and have added the sulfur oxidizing and immobilization processes (Takeuchi et al., 2007). The sulfur oxidizing and immobilization processes are connected with the carbon and nutrient diagenesis process model.

Jan 1, 2008

By Yoginder P. Chugh, K. V. K. Prasad, R. Missavage

This paper presents results of field monitoring and finite element studies to analyze and improve a room-and-pillar retreat mining system. Fie1 d instrumentation was utilized to monitor pi11ar load changes, roof to floor convergence and differential roof strata movement as retreat mining progressed and to determine in-situ horizontal stresses. A two-dimensional finite element model depicting strata behavior at this mine was developed and used to analyze existing and alternate improved mining geometries. The results showed excellent correlation between fie1 d observed and model predicted behavior. Some of the recommended changes in mining geometry based on the study were incorporated in the mining system.

Jan 1, 1986

By Kevin Andrews, SETAREH GHAYCHI AFROUZ

Ground control analysis and groundwater inflow assessments for underground coal mines require in-depth field investigations including, but not limited to, geological and geotechnical core logging, downhole geophysical logging, laboratory rock strength testing, and packer (Lugeon) testing. Field and laboratory data collection are time consuming and expensive, and an initial understanding of the expected trends among various geotechnical and hydrogeological parameters can assist with the planning and optimization of geotechnical characterization studies and grouting plans. In this study, a comprehensive database is analyzed, comprised of important rock mass characteristics (hydraulic conductivity, rock quality designation (RQD), and lithology) for coal-bearing rocks in the Central Appalachian Basin. Statistical analysis of the data is completed to establish an enhanced understanding of geotechnical and hydrogeological conditions expected to be encountered as underground coal mining passes near and beneath streams and rivers. The results of the study provide valuable reference material for the coal mining industry for completion of shaft installations, mine stream crossings, environmental assessments, and grouting and mine dewatering designs.

Jul 1, 2023

By Kendrick C. Hardcastle

The practice of transporting an ore or matrix from a pit area to the plant process area by means of a hydraulic pipeline has long been used by the mining industry. The industries which have classically used hydraulic transportation of ore to the plant include the phosphate mining industry, the heavy minerals mining industry, the clay mining industry, and the sand mining industry. As the advantages of this method become better known throughout the mining industry as a whole, and as techniques and expertise improve, its use will undoubtedly spread. Its use is presently being contemplated in iron mining diatomaceous earth mining, and several industries where massive removal of overburden is a predicate to economical mining. The widely recognized advantages of hydraulic transport at ion of ore from the pit area to the mines are: 1) Its relatively low initial capital costs. 2) Its speed of relocation at the mine site. 3) The washing and scrubbing action given to the ore by its hydraulic passage into the pit pump and the subsequent trip through booster pumps down the pipeline to the plant.

Jan 1, 1969

By Grant Davis

An International Symposium on the Ecology and Revegetation of Drastically Disturbed Areas was held at the Pennsylvania State University in August 1969. Scientists from 13 foreign countries and 18 states in the United States attended this meeting, which focused on those areas disturbed by mining. The symposium enabled scientists from all over the world to get together for two weeks and discuss informally some of the knotty problems of reclaiming these disturbed areas. Trying to present the results of each of the 64 papers delivered at the symposium might be difficult. So, I will try to bring you up to date on the general status of research on the reclamation of surface-mined areas, particularly in revegetation and hydrology. I will also mention some research that is under way but was not presented at the symposium.

Jan 1, 1970

By Hanguang Wu, V. Izaxon, Sukumar Bandopadhyay

This paper presents an analysis of the heat transfer process between the mine ventilation air and the frozen rockmass. The heat transfer model takes into account not only by the mutual change in air and rockmass temperatures, but also by the phase change of ice-water- ice. Based on the analysis presented here it is concluded that the mine thermal regime can be regulated by having the air enter the mine through mined-out excavations or development airways.

Jan 1, 1995

By LeEtta M. Shaffner, John R. Marks

The Homestake Gold Mine in Lead, South Dakota, commenced operations in 1876. As is the case with old, deep, continuously developing mines, a ventilation improvement is periodically required to maintain acceptable underground environmental conditions. Recent historical improvements at Homestake include a 5.2m diameter air shaft driven in the 1960's and a 2.1 MWR (580 ton) chilled water plant installed in 1978. By 1983, it became apparent that yet another ventilation upgrade would be needed to keep pace with accelerated development in the deepest mining sections. A study was therefore undertaken to project ventilation requirements for the next ten years and to select the method(s) most suitable to meet those requirements. The study called for a two-phase approach in which air flow and air conditioning were carefully balanced. Phase I, the installation of a new 2240 kW surface fan and several underground circuit changes, was completed in 1986. This paper describes Phase 11: the planning, design, installation and initial performance of the air-conditioning portion of the upgrade.

Jan 1, 1989

In the early days of minimal environmental protection awareness and unreasoning economy development pressures, little attention was paid to growing environmental concerns in Fuxin colliery, especially the air pollution problem due to the long term mining activities. In order to determine air quality concentration levels, a new technique for synthetic assessment of ambient air quality by using the extension of matter-element method is proposed in this paper. The air pollutants data such as Sulphur Dioxide (SO2), Carbon Monoxide (CO), Nitrogen Oxides (NOx), Total Suspended Particulates (TSP), Particulate Matter (PM10), and dustfall collected at four different air quality monitoring stations located in four districts of Fuxin colliery is used. The results obtained indicate that TSP, PM10, dustfall and SO2 are the predominant pollutants. Other pollutants such as CO and NOx are also detected in Fuxin colliery. The air pollution comes mainly from industrial emissions, mining activities and the abandoned gangue stockpiles. Compared to those applied to other mathematical assessment methods, it is demonstrated that the extension of matter-element model is quite appropriate for air quality assessment.

Jan 1, 2006

By W. Petruk, D. B. Sikka

Lithium-bearing lepidolites from three deposits in the province of Goias, Brazil, were investigated to determine whether there is a correlution between the lithium content of the mineral and the color of lepidolite and associated tourmaline. Such a correlation can be a useful guide to field geologists for outlining high-grade lithium ore zones. It was found that mauve-pink lepidolite associated with pink tour-maline, and brownish lepidolite associated with black tourmaline have high lithium contents, but that the color of lepidolite is not due to lithium. The pink color of lepidolite and tourmaline is likely due to Mn3+, and the brownish tint of lepidolite and black color of tourmaline to Fe3+. Lepidolites appear to be lithium- rich when the lepidolite and associated tourmaline contain relatively high amounts of Mn3+ and/or Fe3+.

Jan 1, 1988

By Dale R. Ralston, Roy E. Williams, Gerry V. Winter, George L. Bloomsburg

Ground water inflow into a mine and the re¬sultant impact on district hydrology can be pre¬dicted on a site specific basis once the ground water flow systems at the site are sufficiently well under¬stood so that a valid conceptual model can be de¬veloped. Ground water flow systems are controlled by the hydrogeologic properties of the materials at the, site, including hydraulic continuity along flow paths, and boundary conditions. Preliminary delin¬eation of hydrostratigraphic units for conceptual models frequently can be based on surface water data; specifically, spring locations and the gain-loss reaches of streams. Quantitative predictions of mine water inflow and its impact on regional hydrology require col¬lection and analysis of numerous types of data. Hydraulic conductivity must be defined quantita¬tively both parallel and perpendicular to bedding as well as areally for each hydrostratigraphic unit. The characteristics of the Davis shale in case his¬tory number 2 illustrate this concept very well. The storage characteristics also must be determined for each hydrostratigraphic unit and the potential or hydrostatic head should be quantified vertically and areally for each unit. The potentiometric measure¬ments in the Bonneterre Formation as discussed in case history number 2 illustrate this point. The data collection and data analysis techniques constitute the weak link in the analysis of mine inflow and district impact. The technology for char¬acterizing a mine site in the field has lagged behind the technology for mathematical simulation; we at¬tribute this development to the fact that computer modeling is relatively inexpensive compared to field data collection and analysis. On-site tests provide the best means of quan¬tifying hydraulic conductivity parallel to bedding and the storage characteristics of the unit. Pump tests with multiple observation wells provide the best information from on site tests. Hydrogeologie boundaries can be located from such multiple well tests. Multiport piezometers provide a means for determining the vertical potential in a single borehole. Borehole geophysics can facilitate the def¬inition of hydrostratigraphic units. Vertical hy¬draulic conductivity is difficult but not impossible to quantify with existing field test methods; labo¬ratory tests of cores fail to give a value represent¬ative of the field situation. The storage characteristics of a confined (artesian) hydro¬stratigraphic unit can be difficult to quantify when pumping changes the confined unit to an uncon¬fined (water table) case after depressurization and dewatering. Transmissivity and storage coefficient can be approximated to some extent for given field con¬ditions by computer modeling if enough is known about hydrogeologic boundaries. Modeling can be used in a trial-and-error approach to match transmissivity and storage coefficients to existing water level data corresponding to estimated discharge rates. A solution can also be obtained using a tech¬nique referred to as the inverse method. Unfortu¬nately, such a solution is seldom unique. Fracture flow models exist but practicality usu¬ally necessitates reversion to a basic Darcy flow model. Data requirements for fracture flow models could be difficult to fulfill where fracture aperture, spacing, orientation, and length are required. Ob¬taining such data at depth prior to mining would be impossible for any mine simulation in fractured media. We are of the opinion that most fractured media simulations can be accomplished using con¬ventional Darcy flow models by viewing the field problem on a macroscopic scale. The real challenge is to delineate hydrostratigraphic units properly in the field. The question of whether a broken-up fault zone is an aquifer or a barrier boundary is seldom simple. The fractures usually can be treated as an equivalent porous medium in either case. Only a few techniques exist for predicting un¬derground mine water inflow. These techniques fre¬quently are designed to evaluate shaft or tunnel inflow under steady-state head conditions in a sin¬gle layer rather than in multiple hydrostratigraphic units. Few computer programs exist that have the

Jan 1, 1986

By W. G. Lacy

Anticipation of problems and the adoption of corrective measures in the design of engineering structures, establishment of pertinent building codes, and urban planning and zoning to obtain optimum land usage and conservation of natural resources demands a thorough understanding of geological conditions of a developing urban area. In the and to semi-arid southwestern United States erosional and depositional processes result in special situations that require special precautions in building practices. A series of studies currently underway in the Tucson area prompted by foundation failures and breaking, of buried service lines serve to illustrate some of these relationships between the geological environment and history, and engineering problems.

Jan 1, 1963

By John J. Stetler

Introduction Samarco Mineracao S.A. is a Brazilian corporation jointly owned by S.A. Mineracao da Trindade (SAMITRI) and Utah International Inc., with 51% and 49% interests respectively. Headquartered in Belo Horizonte in the state of Minas Gerais, Samarco owns and operates an open-pit mine capable of producing 10 Mt/a (11 million stpy) of iron ore; a concentrator rated at 7 Mt (7.7 million st); a 12-Mt (13.2-million st) capacity pipeline transportation system; a 7 Mt (7.7 million st) filtering and pelletizing plant; and a harbor facility. The mine, concentrator, and initial pipeline pump station are located at Germano, near the town of Mariana, about 300 km (186 mi) north of Rio de Janeiro by air. The pipeline terminal, pellet plant, and harbor are at Point Ubu, 70 km (43 mi) south of Vitória the capital city of Espirito Santo State, and about 300 km (186 mi) by air east of the mine. The 396-km (246-mi) pipeline uses 508-mm (20-in.) pipe except for a 53-km (33-mi) section where 457-mm (18-in.) pipe is used to absorb and control slack flow through increased velocity in one of the areas along the route. Iron Ore Slurry The hematite iron ore concentrate produced at the Germano plant is processed by grinding the average 53% run-of-mine itabirite iron ore to -150 µm (100 mesh) for gangue liberation. It is treated further by cyclones to remove the 10 µm (1250 mesh) slimes to prepare the ore for flotation. During the multistage cationic flotation operation, the silica is reduced to make low silica (-0.9%) concentrate for the direct reduction (DR) iron-making process or to make normal silica (-3.5% +2.5%) concentrate for the blast furnace (BF) iron-making process. The concentrate then is reground further to meet the particle size requirements for pelletizing. The reground hematite concentrate is screened in closed circuit with the regrind mills for close control of the maximum particle size, not to exceed 3.5% +75 µm (200 mesh) for pipeline wear protection. Thickened concentrates at 70% solids are pumped to four 5-kt (5,510-st)(dry) agitated slurry storage tanks that hold the feed before it goes to the first pipeline system pumping station. Pipeline Capacity The pipeline system was designed to transport 12 Mt/a (13.2 million stpy) at 65% solids with an average minimum safe operating velocity of 1.5 m/s (5 fps). The pipeline will transport 5 Mt (5.5 million st) in 1982. The system, therefore, is moving the slurry in 13-kt (14,330-st) batches, dispatched at intervals to move 20 kt/d (22,050 stpd). In operation, the pipeline has exceeded its 93% availability design factor. Pipeline Facilities Pump station No. 1 is located at the Germano minesite 1 km (3,330 ft) above sea level. It has the following principal equipment: • four 5 kt (5,510-st) (dry) agitate slurry storage tanks; • two centrifugal charge pumps (one stand-by); • a 217-m (712-ft) safety loop; • seven mainline positive displacement triplex plunger pumps (189 m3/h, or 832 gpm, at 14.9 MPa, or 2,162 psi, maximum output pressure); • four corrosion-erosion spools; • a control and command center. Operation The output at pump station No. 1, with 66% solids, is pumped 151

Jan 10, 1982

By B. M. Ghadiali, J. B. Putnam, T. P. Smirnoff, M. A. Elioff, P. F. Ryan

Geotechnical investigations for the Mid-City Extension of the Los Angeles Metro revealed high concentrations of toxic hydrogen sulfide (H2S) gas as well as methane. Testing techniques employed to determine the extent of gasses, and to identify potential treatment measures, included gas sampling with cone penetrometers and soil-gas extraction with air injection testing. A gas reservoir model was developed to predict inflows into excavations. Other studies included a hazard evaluation and a general data search for other H2S occurrences and geologic conditions that could facilitate the accumulation of H2S. The paper describes the investigations and proposed design and construction alternatives.

Jan 1, 1995

By P. Richardson, B. Sceresini

The carbon-in-pulp and the carbon-in leach process for the recovery of gold and silver from cyanide leaching of ores is now widespread in the precious metals mining industry. However the presence of various base metals can have a detrimental effect on the efficiency and the economics of the process due to high cyani,:••? consumption and a reduction in leaching and adsorption rates resulting in poor recovery of the precious metals. Furthermore the presence of fast leaching and adsorbing metals such as copper can significantly reduce carbon loading capacity for the precious metais thereby necessitating a higher carbon inventory, more frequent stripping and poor bullion quality resulting in higher production costs. This paper describes the development and application of a process for the recovery of copper and and the recovery and re-use of the associated cyanide from the leach circuit at the Mt. Gibson Gold Project in the Murchison Goldfield in Western Australia. The process provides a means to counter-act the detrimental effects of the copper which occurs in the ore as various oxide and sulphide minerals including an extremely fine chalcopyrite powder. It has the added benefit of recovering the base metals in this instance copper, in a saleable form. The process is subject to a patent application by Reynolds Australia Metals, Forsayth N.L. and the author.

Jan 1, 1991

By Dan G. Wasyluk, Meryl J. Klassen, Tony J. Morris, Clive H. MacKay

The Rogers Pass Project in British Columbia has involved the construction of two railway tunnels totalling 16.6 km and a 345 m deep shaft. Systematic geological mapping was carried out at four headings during construction. The paper discusses the procedures used to record the geology, structure, rock mass characteristics and excavation performance. Coded data from the geological mapping and shift inspector reports was entered into a computer data base. The rock mass quality was evaluated for both the Geomechanics and Q classification systems. Continuous computer generated graphic logs were produced showing the excavated perimeter map, geological parameters, installed support and construction activities. The tunnel logs were updated on daily basis and used during construction by project staff for evaluating support requirements and monitoring excavation progress. The specific requirements, difficulties and advantages in mapping tunnels using a computer based system are compared to those of a conventionally mapped tunnel excavation with hand drafted tunnel logs.

Jan 1, 1987

By Harold Stocker

INTRODUCTION This presentation is concerned with the administrative and technical capability of the Atomic Energy Control Board (AECB) to assure compliance with the individual exposure limit for radon daughters (currently 4 WLM per year). It is not concerned with the epidemiological bases for setting the exposure limit. Moreover, the intent is to show how sophisticated methodologies and advanced technologies, applied to radon daughter concentration measurements in uranium mines, convey the spirit of compliance by providing better estimates than do the historical methods. These better estimates mean that more accurate and more precise estimates of each worker's exposure are determined using these more modern methods and devices. The estimates so derived should provide more convincing evidence to an individual worker that his assigned exposure is a valid indicator of his true exposure. In addition, a perspective on the exposure estimate in relation to the exposure limit is given as further evidence that an exposure limit is not the dividing line between "safe" and "unsafe" exposures. A brief description is given of the compliance aspects of the Atomic Energy Control Regulations and of the limitations of purely statistical non-compliance procedures. Most of the emphasis of the paper will be placed on the uncertainties associated with conventional radon daughter exposure determination and the means being employed (and anticipated) to reduce these uncertainties. NON-COMPLIANCE Under current Atomic Energy Control Regulations (1978), the annual individual exposure limit for radon daughters is given without reference to the possible methods of sampling and calculation of radon daughter exposure and without any reference to possible uncertainties or their magnitudes. This is common in such statutes, the details of sampling, calculation, error analysis, and so on, being left for licence conditions or provided as a specific guideline to the licensee on the matter of compliance with the Regulation. Since the exposure limit is contained in the Regulations, compliance with it is absolute, as with any other law. In Canada, a state of non-compliance with the radon daughter exposure limit exists when an exposure (attributed to an employee) is reported by the licensee to exceed the limit. No uncertainty in the measurements or in the overall determination of exposure is reported nor is any requested. Removal of the worker and the loss of his services are the immediate and direct penalty suffered by the licensee for failure to maintain the exposure at, or below, the limit. A worker may be re-instated to employment for the balance of the reporting period only if the licensee can assure the AECB that further significant exposure to the worker will not ensue. In other jurisdictions, such as the United States, non-compliance is defined on a statistical basis. For example, NIOSH, the National Institute for Occupational Safety and Health presents procedures for calculating the 95% Lower Confidence Limit (LCL) in order to "compare the results of occupational environmental sampling to an occupational health standard and make a decision with a known chance of making an incorrect decision that a state of non-compliance exists" (Leidel and Busch, 1975). (In the nomenclature of this presentation, exposure limit would be used in place of "standard", in the NIOSH sense). Furthermore, it is emphasized in the NIOSH document that such numerical comparisons "are necessary only if the sample mean is greater than the standard". The NIOSH document points out, quite correctly, that the "statistical procedures presented below will not detect and do not allow for analysis of highly inaccurate results, i.e., systematic (non-random) errors or mistakes ... If a systematic error is known to exist in an instrument or analytical procedure then correct the sample mean of the data before analyzing for non-compliance". It is certainly not the purpose of this paper to criticize the sophisticated statistical approach to non-compliance as given in the NIOSH document or in similar approaches used in other jurisdictions. Rather, the purpose is to approach, with some introspection, the question of the determination of exposure by the employer for his employee and especially the employee's understanding of, and confidence in, the accuracy of the exposure determination and its relation to the exposure limit. DETERMINATION OF EXPOSURE Historically, in uranium mines, exposure to radon daughters for an individual miner

Jan 1, 1981

By R. Ciccu

Permeable reactive barriers (PRB) are one of the most promising systems for groundwater remediation. PRB are constructed with the purpose to intercept the contaminated flow and to degrade it as a big reactive filter. The most common type of reactive barriers is realized by excavating a trench and by filling it with a substance able to treat the contaminants dissolved in the water. Another type of PRB is obtained by realizing a line of wells in which chemically active compounds are injected. A new method for barrier construction has been studied at DIGITA?s laboratories. It makes use of the waterjet technology to increase soil permeability and to inject active compounds. This technology is especially suitable in the case of deep contaminated aquifers where traditional construction methods are difficult to apply. The paper describes the experimental apparatus especially designed and constructed and the activities carried out to investigate the relationship between waterjet operative parameters and the penetration of the jet in the soil. In conclusion, on the basis of the experimental results, the economical feasibility of the technique is evaluated.

Jan 1, 2008

By R. W. Hutson

One of the fundamental precepts of experimentation is the isolation of a single variable to quantify its individual effect. Unfortunately, the variability of natural rock joints has frustrated such isolation. This variability and the high cost of securing a large member of natural joints has lead to increasing experimental dependence on stage shearing, artificial tension fractures and/or model materials. The new apparatus described herein allows for the first time replication of real joints with field scale asperities. It employs a diamond band-saw blade with computer controlled feed table to cut joints with high precision. The feed system is capable of placement to tolerances similar to those of a high quality computer plotter. The accompanying software allows the table to cut any desired joint shape (repeating or non-repeating) within certain, over-all size limitations. Resulting joint surface dimensions and roughness as well as shear resistance indicates that the joint surfaces are reproduced with a precision similar to that possible for the control of other experimental variables such as normal and shear forces.

Jan 1, 1986

By P. J. Lafforgue

In 1974- COGEMA (Compagnie Generale des Matieres Nucleaires) of France decided to exploit a uranium deposit discovered several years ago in a Permian formation of Southern France, near the town of Lodeve (Herault). The uranium occurs in black shales with high calcium carbonate content (7-10% CO2) and it was then necessary to use alkaline leaching. A fine grind (60-65% minue 270 mesh) was also necessary to obtain good' uranium recovery. A minimum of fresh water must be added to the alkaline system due to solution recycling. Filtration must be used because cake-washing requires less fresh water than countercurrent decantation.

Jan 1, 1982

By Alfred Jr. Petrick, William A. Vogely

INTRODUCTION The scope of mineral finance extends beyond the economic aspects of property evaluation to all of those activities involving acquisition and utilization of funds with an objective to optimize the value of the firm. It must, therefore, en- compass consideration of the overall financial goals of the firm, decisions involving external versus internal growth and domestic versus foreign investments, management of working cap- ital, efforts to minimize the cost of capital, and decisions with regards to the instruments of long- term debt and equity financing. The scope of this section is limited to considerations of special interest to the mineral or petroleum engineer, which include the following aspects of mineral finance: (1) The technical aspects of mineral or coal property or oil and gas reservoir evaluation which provide the basis for estimation and forecasting of revenues and costs. (2) Estimation and forecasting of costs and prices in a inflationary economic environment. (3) Calculation of cash flows which model .. , the investment in minerals, coal or oil, and gas. Such models require assumptions as to the timing of cash flows, escalation of capital and operating costs, base prices, and escalation, the tax regime, royalties, division of profits and the economic aspects of loans. (4) The role of discount rate in the economic analysis of an investment which requires consideration of the opportunity costs of the firm, cost of capital, risk premiums. (5) Risk analysis including application of the concepts of conditional net present value, expected value, and risk preference as well as the application of the techniques of sensitivity and simulation. (6) Selection of application criteria for in- vestment decision making. (7) Capital structure with particular reference to the effect of debt financing. (8) Consideration of sources of funds utilized by the minerals industries. (9) Long-range planning including portfolio analysis. This section is limited to principles, methodologies, and trends in mineral investment, finance, and long-range planning in the United States with a perspective from the year 1984. Consideration of the key concepts is supplemented by case examples of investment risk analysis and financial structure. Important factors affecting mineral investment evaluation during the 1980s include volatile metals prices, cost inflation, and the introduction of techniques requiring the computer and its capacity for improved technical and economic analysis into the hands of those who know most about the industry. The personal computer is replacing the calculator on the desk of the individual analyst and is rapidly becoming a required tool for the study of engineering and economics. Examples of change brought about by the micro-computer include greatly improved techniques of cost estimation, wider application of the computer for project analysis, computer graphics, reserve estimation, geostatistical analysis, mine design and other techniques that capitalize on the ability of the computer to handle

Jan 1, 1985