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There has been some confusion over the selection of discount rates when performing stochastic simulations of a project's net present value (NPV) using risk- adjusted discounting techniques. Some argue that lower discount rates should be used when performing stochastic valuation simulations. This creates higher NPV values and improves the attractiveness of a project. Others argue that the discount rate should not be lowered for these simulations. This paper exposes the source of this confusion. It demonstrates that stochastic simulations do not remove the risk inherent in a project and, therefore-do not improve a project's value to the risk-averse investor. Risk-adjusted discount rates should, therefore, not be adjusted downward when performing stochastic NPV simulations. Stochastic simulations are, however, shown to he useful in several aspects of project valuation.

Jan 1, 1996

By John A. Herbst

In recent years, diminishing supplies of high grade ores and increasing consumption of mineral and metal products have demanded high efficiencies in extraction processes. The rising cost of energy has influenced plant operating policies. Rather than merely processing as much ore as possible, other process factors are being considered in process analysis, with energy consumed per ton of product produced taking on increased importance. Alternate processes and more efficient plant design may satisfy part of the demand placed on the mineral processing industries. However it is expected that the improvement of existing operatives will be responsible for most of the gains in efficiency in the short term. Even slight improvements in process efficiency lead to significant cost saving. Grinding, for example, is an inherently energy-intensive process. Grinding circuit capital and operating costs are high and it is essential that circuits run as efficiently as possible. In flotation plants, low-grade ores demand optimum recovery of valuables to maintain overall metallurgical efficiency. The use of modern data, treatment methods and systems analysis provide the means to achieve many goals, previously beyond reach. The design of more efficient plants and the evaluation and. improvement of existing plant operations constitute the general area of process analysis. Process analysis can be used to identify the capacity available in a process unit in some cases. In other cases, the goal may be to investigate alternative equipment configurations for an existing plant for possible improvement in efficiency. This goal is virtually impossible to achieve using plant data alone. A simulator of the process units involved can provide an excellent basis for performing the required process analysis.

Jan 1, 1979

By J. Drelich, J. Pletka

Lost foam casting is a process in which a polymeric material is formed into the shape of the part to be cast. Parts that are more complex are fabricated by simply gluing several patterns together. The pattern is then coated with a refractory material consisting of a mineral mixture and binders. Finally, hot metal is poured into the pattern, evaporating the expanded polystyrene and taking the shape of the coating shell. Prior to casting, a significant number of the patterns are damaged and inevitably landfilled. In this study, a process was developed for the recovery of expanded polystyrene from the coating and glue contaminants. The process consists of shredding, impact comminution, size classification and pneumatic separation. It is successful in separating up to 97% of the contaminants, while recovering 95% of the polystyrene. Key words: Casting, Lost foam process, Expanded polystyrene recovery

Jan 1, 2003

By Robert L. Runkel, Kenneth E. Bencala, Briant A. Kimball

Thousands of abandoned and inactive mines are located in environmentally sensitive mountain watersheds. Cost-effective remediation of mining sites in these watersheds requires knowledge of the most significant sources of metals to surface waters. The significance of a given source not only depends upon the concentrations of a toxic metal, but also on the total mass, or load of metal added to the stream. To determine loads, we combined tracer-injection methods, to provide reliable discharge measurements on a watershed scale, with synoptic sampling, to provide spatially detailed concentration data. The resulting load profiles indicate which sources have the greatest effect on streams, where natural attenuation of metal loads occurs, and where ground-water inflows are located. This is part of the information needed for planning remediation of mine-drainage effects. The approach is illustrated by comparing zinc loading curves from three watersheds affected by mine drainage.

Jan 1, 2000

By Abdullah Arik

An ore reserve block model is the basis for various decisions in mine development and production. The block model is initially built using the information from the drillhole data only. Once the mine is put in operation, the information from the blasthole data becomes available. Since the spacing of the blastholes are much closer than the exploration drillholes, the blasthole data gathered from the mine over the years become quite extensive containing valuable information about the deposit. In practice, the information from the blastholes is the basis of determining the ore and waste boundaries between and within mining blocks. In an ore reserve model, the valuation of blocks on and close to the pit face can obviously be improved by using blasthole data from neat by drilled and mined-out blocks in addition to using the widely spaced drillhole data. The ideal basis on which to integrate blasthole and drillhole data is to use cokriging.

Jan 1, 1996

By Houston Kempton, Tim Dyhr, Andy Davis, Mark Bloom, Connie Travers, Dave Atkins, Jeff Deen

INTRODUCTION Historical mining activities in the Robinson Mining District, in the Egan Range of east-central Nevada (White Pine County), resulted in five open pits (Veteran, Tripp, Liberty, Ruth, and Kimbley Pits), several large mine-waste dumps, and numerous underground workings developed for copper, zinc, gold, lead-silver, and manganese (Figure 1). Groundwater percolating downward through the copper sulfide ores produced a blanket-like supergene zone enriched in copper, which has been one of the primary objectives of mining since the early part of this century. To obtain permits for future operation, an EIS was conducted that evaluated future pit- lake chemistry, groundwater quantity and quality issues, transport of water and solutes subjacent to a proposed tailings impoundment, and the potential for waste dump acidification. AREA HYDROGEOLOGY The mine area is on a ridgeline draining to the Steptoe Valley to the east and to the White River Valley to the West. Precipitation in the Robinson Mining District ranges from a low of 15 cm (6 in.) per year in the valley to more than 50 cm (20 in.) per year in the surrounding mountains. Evapotranspiration exceeds precipitation, leading to a net loss of water from the basin as either surface flow or underflow to the north at Currie, Nevada (Eakin et al. 1967). The White River Valley, which lies to the south and west of the mine area, includes approximately 4,200 km2 (1,620 mi2) of the upper part of the Colorado River Basin. This valley is 112 km (70 mi) long, 32-48 km (20-30 mi) wide, and like Steptoe Valley, evaporation and transpiration exceed precipitation (Maxey and Eakin 1949). The local groundwater flow system in the Robinson Mining District and the proposed mine area is dominated by two main components: (1) a groundwater mound or high between the Ruth Pit and Murry Springs, and (2) a shallow groundwater flow divide that follows the ridge crest south of Ruth, which contains the Veteran and Tripp pits. Besides the alluvium, the main hydrostratigraphic units controlling groundwater flow are limestones, shales, and sandstones, along with the intrusive quartz monzonite stocks. Based on the piezometric surface measured in October 1993, three distinct groundwater regions were identified. In the Giroux Wash area, an apparent fault runs between WCC-G1 and WCC-

Jan 1, 1995

By Robert Underwood, Boleslaw Tolwinski

In 1965 Helmut Lerchs and lngo Grossmann presented to the mining community an algorithm to find the optimum design for an open pit mine. In their words, "the objective is to design the contour of a pit so as to maximize the difference between total mine value of the ore extracted and the total extraction cost of of ore and waste." They modeled the problem in graph theoretic terms and showed that an optimal solution of the ultimate pit problem is equivalent to finding the maximum closure of their graph based model. In this paper. we explain how a dual simplex algorithm can be used to solve the same problem. We show how this algorithm is closely related to Lerchs and Grossmann's and how the steps in their algorithm can be viewed in mathematical programming terms. This analysis adds insight to the algorithm of Lerchs and Grossmann and shows how it can be simplified.

Jan 1, 1996

By J. Roufagalas

Sustainable development requires that exploitation of environmental resources is such that it does not result in permanent damage to the environment. In many instances environmental damage is an external cost of the entity exploiting the resource. Ideally, the entity should be forced to internalize this cost. Various financial assurance schemes have been proposed to ensure that the entities fulfill their financial responsibility to restore the environmental dam-age. Prominent among these schemes are ?environmental bonding requirements?. A main issue with these financial assurance schemes is that many times the amount and duration of environmental damage is uncertain. That is, the cost of restoring the environment in the future may be unknown (or unknowable), and, furthermore, the extent of the damage may not be known for many years into the future. Nevertheless, bonding requirements have to be set in advance and the rules for returning the bond and absolving the entity of responsibility have to be specified ex ante. In practice, a problem of allocation of resources arises. To make sure that all external costs are internalized, in the face of uncertainty, will require a sufficiently (arbitrarily) large bond for a sufficiently (arbitrarily) long period of time. But such a requirement may prove too expensive and may result in not undertaking a project (even if, under certainty, the project may be profitable after internalizing all costs). This will result in a reduction in total welfare. Under present bonding requirements, firms are responsible up to the value of the bond. This results in an asymmetry: if environmental restoration is less than the bond amount, the firm has an incentive to restore and reclaim the bond; if the cost of the environmental restoration is above the value of the bond, the incentive is to forfeit the bond, imposing on the government/ society the excess cost. This also may reduce social welfare, at least on distributional grounds since the firm owners pocket the profits and the taxpayers foot the bill. The presence of uncertainty suggests that a fee based reclamation fund may be welfare enhancing. The thinking can be sketched as follows: All firms undertaking environmentally sensitive projects pay into the proposed fund. The fund examines the risks and sets the premiums at the level of the expected restoration costs (not the maximum!) plus administrative expenses. One advantage of the scheme is that this eliminates the asymmetry. Firms with restoration costs below expected end up subsidizing firms whose restoration costs were underestimated. In other words, the industry ends up internalizing the costs not internalized by the individual firms, instead of the taxpayers.

Jan 1, 2007

By J. A. Herbst, T. I. Martinovic, Y. C. Lo

This study was concerned with the application of a computer simulation methodology to optimize the performance of mills grinding iron ore concentrate prior to pelletizing. The methodology involves batch and plant testing, modeling and computer simulation. The analysis of grinding performance was carried out and capacity increases were predicted in the context of detailed population balance models developed for the plant ball mills. Model developnent and plant confirmation were performed using data obtained in a series of batch tests and three plant tests. From experimental data and computer simulation it was found that ball size, percent solids and classification all had a significant effect on mill throughput. Based on the findings of this study, a 12-152 increase in capacity was predicted to be available by a proper combination of ball size charge and optimum percent solids. These predictions have been confirmed by plant tests in which the recommended operating changes have been made.

Jan 1, 1990

By Bernardo Portillo, Alejandro Perez, Daniel Norrgran, Joseph Wernham

High gradient permanent magnetic separators (termed "Ferrous Wheel") are described as used to recover the iron bearing minerals from mill tailings at the Grupo Acerero del Norte's Hercules iron mines in Coahuila, Mexico. The pilot scale test work as well as the "in-plant" test work provided the basis for a 385 MTPH plant expansion to be commissioned late in 1995. Approximately 6 million metric tons of flotation tailings averaging 50 percent iron, mostly as hematite, are contained in two separate ponds. The tailings are relatively fine at 93 percent -200 mesh and 72 percent -500 mesh. After testing various recovery methods, a high gradient permanent magnetic separator was selected to produce a preconcentrate prior to flotation. The separator uses a flux converging matrix to generate high gradient magnetic fields and capture the hematite. The advantage of the Ferrous Wheel high gradient permanent magnetic separator is the use of permanent magnets as opposed to electro-magnets. Further the vertical rotating ring is much more conducive to matrix cleaning as opposed to the conventional horizontal ring separators. This feature also allows the use of a wide range of matrix materials to achieve the optimum metallurgical response

Jan 1, 1995

By Kenneth N. Han, Yuhong Chen

The removal of carbonaceous material from Carlin gold ore has been investigated via froth flotation. The effect of type and concentration of various oils as flotation collectors and of sodium silicate as the dispersion agent on the overall recovery of carbonaceous material has been studied. Other variables affecting froth flotation efficiency were also examined closely. These included particle size, pH of the solution, and temperature. The effect of reduction and oxidation of carbonaceous material on froth flotation efficiency has also been investigated. This investigation showed that aromatic type oil was the most effective collector. Also found in this investigation was that oxidized carbonaceous material was difficult to float unless the oxidized portion was subject to reduction before flotation. More than fifty percent of the carbonaceous material was able to be removed via froth flotation. It can be concluded from this study that the effect of pH and temperature during the rougher flotation state is of little significance to the overall recovery of carbonaceous material. Since pyrite is responsible for the high consumption of chlorine, removal of pyrite is very important in order to reduce the overall consumption of chlorine.

Jan 1, 1990

By M. Yavuz

The use of natural stones like marble is approximately as old as the emergence of human. Marble and natural stone usage of Turkey also dates back to very old times. Marble is produced in Anatolia since the ancient times. The archaeological excavations made in Anatolia indicate that the modern methods that are used for the production of marble blocks in modern world were first used by Anatolian people. Turkey is one of the oldest natural stone producers with its 4000 years of production history, starting from the Marmara Island. Therefore, the territory of Turkey possesses 4000 years of natural stone processing technology and experience. Turkey has fairly richer reserves of marble compared to other countries. This is why the rich and quality marble deposits of Turkey are resembled to the appearance of the Alpine-Himalayan marble belt of the world. Turkey has almost 40% of the total marble reserves (13.9 billion tones) of the world with 5.2 billion tones. Turkey?s marble reserve?s monetary value is worth about 2 trillion dollars. However, only 1% of these reserves are currently being utilized.

Jan 1, 2011

By R. J. Sawyer

*An earlier version of this paper was presented at the IMM meeting, "Use of Cultivated Carbon in Extraction of Gold and Other Metals," held in London in January, 1983, and was subsequently published in Trans. IMM (Sect. C: Mineral Process. Extr. Metall.) in December, 1983. Reprinted with permission of The Institution of Mining and Metallurgy, London. INTRODUCTION This paper describes the development of the processing route for the Alligator Ridge Mine which commenced operation in 1980. It also reviews the modifications which have been made to improve operating efficiency during the three years that the mine has been in production. Alligator Ridge is located 70 miles Northwest of Ely, Nevada. The mine is a joint venture between Amselco and Nerco with Amselco acting as operator. The deposit consists of micron sized disseminated gold imbedded in siltstone. Although definitive conclusions have yet to be drawn as to the age and origin of the deposit, it is probable that it is young by geological standards, perhaps only 5 million years old. It is likely that the gold was brought to the surface by hot springs. As the superheated solutions rose through the porous siltstone, they redeposited minerals in the rock, forming the present ore bodies.

Jan 1, 1984

By Ian S. Lowndes, Adrian T. J. Moll

With the current trends towards the concentration of extraction to fewer but higher production units in deeper seams, often of higher coal rank, the role of methane drainage ranges has become critical. As mines exploit seams at greater depth and more remote locations there has been a need to extend the lengths of methane drainage ranges and to increase the capacity of the surface pumps. This trend has highlighted the need to effectively simulate the operation of a methane drainage range in order to produce the optimum design and operation of a safe and economic system. This paper describes the development of such an analytical tool. The application of this computer model is illustrated by the analysis of the operation of the drainage system of an extensive mine. The paper concludes by considering the development of a [Knowlege Based or Decision Support System] which will assist the ventilation engineer in assessing the current performance of an existing drainage range and will suggest possible remedial modifications or design strategies which may improve the system performance. INTRODUCTION In order to maintain the general body methane levels to below predetermined statutory threshold limit values (TLV's) on major longwall production units there are, for a given production rate, two major complementary control devices which may be employed by the ventilation engineer. These are the combined design and application of a competent mine ventilation and methane drainage system. The methane drainage system should be designed so as to maximise the capture of the methane (firedamp) from the seam being mined and the strata gas liberated in the vicinity of the extraction zone from gas bearing seams or other reservoirs of gas situated at above or below the mining horizon. The design fresh air quantity entering the face should ensure that under normal operating conditions the methane entering in the vicinity of the face is rapidly dispersed and dilute to well below statutory TLV's. The drainage system must therefore be designed to maximise the capture of the methane gas liberated to minimise the amount of gas which enters the ventilation airstream. GAS DRAINAGE The inherent dangers of methane emissions in mine workings have been a problem of concern to mining engineers for many years. To alleviate the risk, methane drainage has been employed for some years to capture the gas before it becomes a hazard to the operation of the mine. The method of drainage employed will be dependent on a number of factors which include the longwall mining method and production cycle employed, the characteristics of the coal seam being extracted and those of the adjacent gas bearing strata. The location of the gas bearing potential of the over and underlying coal measures must be determined. The gas bearing

Jan 1, 1993

By John A. Bischoff, Francis S. Kendorski

A technique that has been used for inspection and appraisal of rock tunnels is described. It enables a rapid and complete record to be made of those factors necessary for the engineering assessment of the rock conditions surrounding a tunnel. Full understanding of the regional geology, and a careful recording of data concerning the principal geological and construction factors is essential basic data for a tunneling project, whether the tunnel is under construction or is already in service. A methodical recording of data concerning general geology, shears, fracture orientations, spacing, persistence, rock classification, water condition, shear frequency, excavation method, blasting procedure, and rock stabilization and support methods, combined with a photographic record, can be completed by experienced engineers and geologists at the rate of over 1000 feet of tunnel per shift.

Jan 1, 1976

By Leo Langland

One of the primary functions of the Geotechnical Services-Materials section of the Arizona Department of Transportation (ADOT) is locating, sampling, and evaluating potential aggregate deposits throughout the State. This information is essential in designing, estimating, and bidding highway construction projects. The nature of materials used for aggregate varies greatly within Arizona. The northeastern or plateau section is famous for its scenic sedimentary formations that are, how- ever, too soft to make suitable aggregate. Volcanic materials are widely used in place of more conventional geologic units. In contrast, the southwestern, or Basin-and-Range section, contains a relative abundance of good aggregate, especially a diversity of gravels. The paper will review the off ice, field, and laboratory methods used by the ADOT Materials Section in satisfying its needs for aggregate information in Arizona.

Jan 1, 1987

By J. J. Krizek, A. H. Ditto

INTRODUCTION The Carr Fork property is situated in the Bingham Mining District located on the east slope of the Oquirrh Mountain range in Utah. The mine is adjacent to and lies west of Kennecott's Bingham Pit some 25 miles southwest of Salt Lake City. The Bingham Mining District contains one of the largest copper reserves on North America. Mineralization is associated with the Bingham stock which intruded through some 16,000 feet of sedimentary formations. Mineralization and a1teration zoning was developed radially from the Bingham stock with lower grade disseminated copper mineralization centrally located in the stock and adjoining quartzites. In addition, several garnetized limestone beds abutting the stock were also well mineralized. These skarns will be Carr Fork's initial mining target. Of the several limestone beds, only two, the Yampa and the Highland Boy have significant commercial interest at present. These beds which are 50 feet to 150 feet thick and are separated by 200 to 400 feet of quartzite were highly folded, thrusted and faulted, resulting in a dip variance from 20" to vertical. The predominant dip, however, is between 20" and 45" from horizontal. Quartzites surrounding the limestone beds were subjected to the same degree of tectonic activity with resultant intense fracturing and stress relief. The limestone beds which have a higher elastic modulus and which also experienced fracture healing during mineralization appear to have greater competency and strength than the quartzites. Four shafts nominally 3500 feet deep will provide access to the mine which will be a highly mechanized trackless operation, designed to produce 14,000 tons per hoisting day. First production is scheduled for the last quarter of 1979.

Jan 1, 1977

By R. P. King

INTRODUCTION It is now 21 years since Wiegel and Li published their paper on a random version of Gaudin's model for the mineral liberation phenomenon (Wiegel and Li, 1967). This paper was to revitalise interest in North America in one of the most fascinating, difficult and important problems in the field of theoretical mineral processing. Gaudin had many years previously (Gaudin, 1939) already presented a penetrating analysis of the problem and Wiegel and Li based their analysis very closely on the Gaudin model but they realised that the indeterminate geometrical structure of mineralogical materials demanded that only probabilistic models could provide the necessary quantitative information when working with real materials. They proposed and solved a randomised version of the Gaudin model but retained the essential geometrical simplicity of cubic mineral grains and a cubic fracture pattern. Although their model met with some limited success it was to be superseded in due course. During the 1940's and 1950's the classical field of geometrical probability spawned the mathematical discipline of integral geometry and as early as 1965, Bodziony (1965, a,b) showed that the techniques of integral geometry could accommodate the problems associated with the indeterminate nature of the geometrical mineralogical structure, provided that these were couched in probabilistic terms. In particular he showed that the quantitative description of the comminution process and that of liberation could be decoupled with the resulting economy of effort. This idea has profoundly influenced the course of research in liberation theory and has greatly facilitated its application and the measurement of liberation in a practical way. Bodziony demonstrated also that any theory that required the specification of the mineral "grain

Jan 1, 1989

By Paul D. Tomlingson

Maintenance costs in the mining industry often account for as much as 18-20% of total operating costs and with the cost of labor and materials rising, they threaten to become an even larger percentage of the total. Yet, without an effective maintenance program costs can soar beyond what they would be without a program. In other words, when production equipment is down, there is no production and no product to sell in the marketplace. This cost of downtime in lost product far exceeds the actual cost of maintenance, which is defined here as labor and materials. Thus, mine management must have an effective maintenance program to avoid downtime and meet production targets. Attaining an Effective Maintenance Program Many mine management and operations supervisors believe that an effective program is a function of how hard they push maintenance. Yet, when vital production equipment is inoperable and production is lagging, no amount of pushing helps. In actuality, maintenance has little control over its own destiny and needs support from other departments to deliver good service. Success of the maintenance program depends on gaining control of those factors that directly influence maintenance. Consider the following. Organization-The maintenance organization must be structured for maximum responsiveness to production needs. Unfortunately, some needs are immediate and many are unknown in advance. The maintenance department has little control over them. These outside influences limit the department manager's ability to control his own organizational structure. Preventive maintenance procedures-Routine lubrication, equipment inspection, minor adjustments and the like are controlled mostly by maintenance. Yet, scheduling preventive maintenance depends also on the availability of equipment controlled by other departments. Planning-The purpose of planning maintenance jobs is to ensure that the best use is made of maintenance resources. If the production department creates an environment of running repairs and emergencies, there can be little planning. Even well-planned jobs will suffer if there is less than full cooperation in carrying them out. As a consequence, the maintenance department is not blocked from planning, but the value of its planning is reduced. Scheduling-Maintenance scheduling should be a joint effort. Although maintenance does the planning, production must agree to the scheduled maintenance of its equipment. Workload-As a service organization, the maintenance department has limited control over its workload because it must consistently respond to other department's demands. At best, maintenance controls only the fixed portion of its workload-utility work, janitorial service, maintenance shop work, and assigned repetitive and preventive maintenance duties. Unscheduled and emergency work are initiated by operations. Major maintenance actions require full cooperation. Labor productivity-The effective use of labor is tied to other key functions of maintenance. These include organization, preventive maintenance, planning, scheduling, and emergency work. An area type organization, for example, can often respond more quickly to immediate needs than a centrally controlled maintenance group. Yet, area maintenance can result in lower labor productivity unless tight control is exercised. One of the advantages of a good "detection-oriented" preventive maintenance program is early discovery of problems and better opportunity to schedule corrective work in advance. Under planned work conditions, use of labor can be more productive. Complete planning and scheduling can minimize time spent on each job, increase effectiveness of supervision, and improve labor productivity. Finally, if emergency work is minimized, there are fewer delays, less lost time, better coordination, and more productive use of labor. While labor productivity is an important factor in carrying out maintenance, it also is influenced by outside factors. However, few realize the impact of being able to improve maintenance productivity. By improving the productivity of 30 men from 30% to 40%, maintenance could accomplish the same work value as if it had added 7.5 men working at 40% productivity. 30 (1800) (40%) = 21,600 man-hr/yr 30 (1800) (30%) = 16,200 man-hr/yr Difference = 5,400 man-hr/yr 1800 (40%) 7.5 men Leadership-The maintenance department can have significant control over its own leaders, the front-line foremen, but they must

Jan 12, 1982

By J. E. Brownhill

After being closed for three years, Specialty Minerals Inc.'s Port Inland limestone facility reopened in the spring of 1992 as a commercial limestone producer. In 1990, Specialty Minerals, a division of Pfizer Inc., bought Port Inland's reserves and equipment from Inland Steel because of the strategic value of the limestone for the production of precipitated calcium carbonate (PCC). Specialty Minerals' project team faced many challenges in reconstructing the Port Inland facility. Many traditions and norms had to be overturned to achieve the productivity, flexibility and cost necessary to survive in today's competitive minerals environment. Port Inland's history Inland Steel built Port Inland in 1930. It was operated as a captive source of metallurgical grade limestone for the steel industry until its closure in 1989. The facility is located in the Upper Pen¬insula of Michigan on the north edge of Lake Michigan. Operations consist of a deep water port facility with crushing, screening and stockpile storage for 453 kt (500,000 st) of finished product at the port. Ninety-nine percent of the stone is shipped by lake boat to ports within the Great Lakes. The operation is unique in that both metallurgical dolomite and limestone are produced on site.

Jan 1, 1994