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By B. Berhe, R. D. Lawrence, J. Hinzer

"The fortunes of mining companies and their implied value are tied to cycles - both economic and commodity – within which they operate. Hence the determination of appropriate future metal prices is one of the most critical factors faced by mineral valuators especially for advanced projects. Price, and hence revenue, is usually the most sensitive input to the valuation model. Empirical studies of past forecasts show that the success rate for commodity price forecasting is very poor. This paper explores various approaches and comments on their strengths and weaknesses. We conclude that careful evaluation of long-term metal prices is a key element and is hardly a luxury that can be left to simple averages or rules of thumb. INTRODUCTION Discounted Cash Flow (""DCF"") analysis, is well suited for the valuation of advanced mineral development assets, for which there are identified mineral resources and some form of economic assessment (Pre-Feasibility or Feasibility Study). The DCF method is also the most commonly used method for determining value for such assets. It provides a means of relating the magnitude of expected future cash flows from profits (or losses) to the magnitude of the initial cash flow (investment) needed for capital expenditures to purchase or to develop an asset for commercial production. The method proves useful in making investment decisions as it allows for the quantification of the Net Present Value (“NPV”), as well as the Internal Rate of Return (IRR) and Payback Period on initial investment capital. Valuation by its very nature is a forward-looking exercise. The DCF method attempts to estimate the NPV of expected future cash flows, by selecting factors that will likely affect future cash flow based on informed analysis. One of the most critical and sensitive factors is the determination of appropriate future commodity prices. “The variables that have the greatest impact on a DCF evaluation are the reserves, the metal prices, and the discount rate.”1 The determination of future commodity prices for valuation purpose or during M&A negotiations is a hotly contested issue. There are a number of analysts, institutions and specialized commercial data suppliers that provide both short and long-term commodities price forecasts. Also, the use of an aggregated mean for all available forecasts, or consensus forecasted prices for valuation purposes is not uncommon. The methods used in making forecasts for each forecaster may vary and in many cases may not be publically disclosed. Nonetheless, the aggregated mean of all forecasted commodity prices of reputed institutions is usually taken to “represent the market’s view of likely future commodity prices.”"

Jan 1, 2016

By Neil D. Policow

Dewatering of the fine clean coal fraction, - 28 mesh (595 microns) represents one of the most difficult and costly separations in typical plant circuits. Since 1969, the Screen Bowl Centrifuge has offered an economical alternative to filtration/thermal dryer combinations. The performance of Screen Bowl Centrifuges has been continuously modified and improved to dewater not only coarser coals, but also today's variety of ultrafine material. Actual test comparisons with alternative methods show the Screen Bowl Centrifuge to be most cost effective and efficient when all factors are considered.

Jan 1, 1982

By L. G. Austin

The model originally proposed by Austin, et al., has been modified in the light of further investigation of the breakage laws in SAG milling. The model uses a fully-mixed reactor for short L/D mills and calculates the breakage of small particles by the nipping action of balls and pebbles. The autogenous self-breakage of larger lumps is treated as an effective means of fast breaking rock and much slower breaking rock. Experiments show that fast autogenous breakage can be treated as a first-order breakage with an overall specific breakage rate which incorporates fracture and chipping. Similarly, slow breakage incorporates fracture and abrasion. Autogenous breakage is cushioned by the accumulation of fine material. Simulation results are compared to results from tests in a 2 m diameter continuous pilot-scale SAG mill. Future work is discussed.

Jan 1, 1985

By Yuting Xue, Todd Minoski, Daniel Su, Mark Van Dyke, Mark Mazzella, Steve Hicks, Zoheir Khademian, Nicole Evanek

Design of chain pillars in a longwall mine setting is one of the main engineering controls on the global and local stability of the mine. Challenges with roof instabilities, floor heaves, and pillar failures can be alleviated, to some extent, by careful design of gateroad configurations and chain pillars. This work investigates three different alternative designs in a three-entry-system gateroad configuration with an inter-panel barrier in a longwall mine in Virginia. Starting with the current design, which has faced challenges such as excessive floor heave, a geomechanical model developed in 3DEC software is validated by monitoring in-situ pillar stress in the yield, abutment, and barrier pillars in the mine. Next, three different chain pillar designs are evaluated in the model with a focus on roof sagging, floor heave, and pillar average stress. Results show the relationships among the alternative designs and instabilities associated with roof, pillar, and floor in the study mine, providing insights for optimizing longwall mining designs in deep-cover settings.

Feb 1, 2025

By B. Pesic

Manganese is about twelfth in the list of the most abundant elements in the earth's crust (Reidies, 1981). More than 150 known minerals contain manganese as an essential constituent (Mellor, 1932). In general, ores containing at least 35%Mn are classified as manganese ores, ores with 10-35%Mn are called ferroginous manganese ores, and ores containing 5-10%Mn are known as manganiferrous ores. One very important class of manganiferrous ores are manganiferrous-silver ores. They occur in the oxidized portions of the silver deposits of the Western United States. Silver is very often associated with manganese oxides which in some ore deposits are dispersed through calcite, causing the black color of the host rock, which is known as black calcite. Black calcites can occur in carbonate rocks (10-1500oz Ag/ton) and in volcanic rocks (less than 1.0oz Ag/ton).

Jan 1, 1986

By P. Clifford

FIPR-sponsored research will playa critical role in enhancing the competitiveness of the Florida phosphate industry as ore grade declines and environmental restrictions tighten. FIPR's program seeks to improve surface mining and pipeline transportation while reducing the energy cost for pumping phosphate matrix. The development of a reliable on-line analyzer and a modern process control strategy will result in improved processing efficiency. Significant improvement in overall efficiency will also be realized as the industry adopts column flotation technology. Economic acidulation of high-Insol rock will allow the industry to adopt simplified flotation flowsheets thereby reducing operating costs. Various applications of phosphogypsum would save the industry millions of dollars in constructing and closing gypsum stacks.

Jan 1, 1998

By Eric Sitorus, Septian Prahastudhi, Roy William, Wieda Azani

In July 2020, massive slope failure occurred in the southeast corner Grasberg open pit. This was the final episode in the breakthrough of Production Block 2 South (PB2S) of the Grasberg Block Cave to connect to the surface. This breakthrough had been rapidly evolving during the first half of 2020 and occurred as expected with no adverse impacts to safety or operations. To manage and safeguard the exposure to the workforce and operations, numerous hazards were identified and anticipated. The failure of the sill pillar between the open pit and PB2S cave was identified as the main area of interest and was closely watched during the failure process. This paper reviews the systematic approach developed to convert monitoring data into information around the collapse of the GBC PB2S cave sill pillar. The data that was interpreted consisted of micro-seismic, piezometric, ground-based radar and observational inspections. Geological structures on the boundary of the PB2S cave were clearly involved in the breakthrough process. As the cave propagation reached these structures and triggered instability, the resulting acceleration and breakdown were clearly shown by IBIS radar units associated with high movement in the slope. The focus of this paper is on the evolution of changes seen in the micro-seismic data and how it was used to understand the rapidly changing conditions of the sill pillar. The seismic parameters evaluated were event distribution, Es/Ep value, and the seismic moment tensor inversion. The changes of breakthrough indication seen in these parameters were substantiated by Shear Wave Splitting (SWS) analysis that showed a close correlation with the fractured zone above the PB2S cave as indicated by the increasing anisotropy.

Jan 1, 2022

By G. Troly, M. Esterle, B. Pelletier, W. Reibell

In New Caledonia, ultramafic formations occur on 7,000 square kilometers. Weathering of peridotites leads to profiles of alteration and nickel concentrations. Complete profiles are composed of two main groups of horizons: 1. Limonitic, mainly composed of iron hydroxides 2. Saprolitic, partly composed of magnesium and iron silicates Shape and mineralogical composition of saprolitic horizons are chiefly affected by the nature of the bedrock: types of peridotite and their degrees of serpentinization. On the other hand, morphology (plateau, terraces, slopes, piedmont) is an important factor. Ore-bodies are inside saprolites; their outlines are determined by the grade of nickel and tonnage economically mineable. Information about geology, morphology, geochemistry, and mineralogy are given in this paper.

Jan 1, 1979

By Henry T. Mulryan

The philosophy, strategy and techniques of successful marketing of talc, differ sharply from those applied to most other mined products. Unlike non-ferrous metals, there are no commodity exchanges to facilitate the transfer of goods. Unlike iron ore and some non-metallics, assured markets by means of long term contracts are practically non-existent. Talc must be sold and sold and sold again. The normal channels of talc distribution are almost identical to those used, by the chemical industry. These consist of a blend of producer marketing staff, field technical service, and sales force; and independent chemical wholesalers. Like the term "chemicals", there is tremendous product diversity contained in the rather loose expression "commercial talc". Certain kinds of talc, processed in conventional ways, are regarded as commodities by the consumer. That is, that material from one source or supplier is considered to be effectively interchangeable with those available from a number of other areas and producers. Under such conditions, lowest delivered price, quickest delivery, and best, customer service, are the key factors in a successful sales effort.

Jan 1, 1965

By R. Aliberti, E. Comis, M. Wone

DC Water’s Clean Rivers (DCCR) program involves the construction of approximately 29 km (18 mi) of CSO tunnels in Potomac Group soils in the Washington DC area. Soils include an upper predominantly over-consolidated fine grained plastic material facies (P/A) and lower predominantly coarsegrained facies (PTX). As earth pressure balance (EPB) tunnel boring machines (TBMs) are mainly used in such soils, the correct approach to soil conditioning can make a considerable difference in TBM performance. Soil conditioning laboratory tests are often completed during the planning phase prior to TBM excavation to develop a baseline for soil conditioning, reduce risks, minimize costs, and improve performance. However, only a few basic tests are standardized to date, and conditioning regimes are fine-tuned during the mining phase. The paper illustrates the effort carried out to identify the correct soil conditioning regime for both PA and PTX facies to improve TBM overall performance and reduce ground movement during the excavation of the Northeast Boundary Tunnel (NEBT) in Washington DC.

Dec 1, 2022

By V. A. Mironenko

The combined study of ground water regime and rock deformations has resulted in the theoretical substantiation of the common principles for analysis of the hydrodynamic and geomechanical processes Within the scope of unique scientific direction -hydrogeomechanics (Mironenko and Shestakov, 1974). The hydrogeomechanical models are widely used now for the analysis and forecasting the extremely important processes connected with the safe and efficient mining operations, as well as with the protection of geological medium. Among these processes are: -deformations of the open-pit slopes and spoil dumps; -consolidation of rocks due to the ground-water pressure drop; -water-end-rock material inrush into mine workings caused by deformations of the undermined rock mass; -geodynamical processes due to the changes in ground water regime; -artificial hydrofracturing in rocks; -transformations of clay linings under the tailing ponds and other technical water basins.

Jan 1, 1990

By John Dodd

Advances in the technology of abrasion resistant irons and steels, which could help in combating abrasion and wear in mining operations, are reviewed. Nodular irons alloyed with nickel or copper and molybdenum, with acicular, bainitic or bainitic-martensicic microstructures are described. These alloy irons combine excellent castability and relatively easy machinabilitv with good resistance to wear. Recent progress in the development of high chromium molybdenum alloy irons is outlined, by which high temperature heat treatment of massive castings can be eliminated, alloy costs can be reduced and cracking problems avoided. Data is also given on the erosion-corrosion resistance of these irons. Trends in the development of improved cast steels are outlined. Factors influencing the toughness and abrasion resistance of manganese steels are considered. The 6% Mn 1% Mo manganese steels are shown to have a useful combination of toughness and abrasion resistance. Composite castings are seen as a means of com- bating abrasion in applications involving severe impact. A brief appraisal is given of recently developed martensitic wrought steels with improved weldability.

Jan 1, 1981

By Michael Day, Paul Kos, Scott Brinton

A hydrogeologic characterization and impact analysis was performed for a proposed quarry at the Hitch Rack Ranch located in the Little Turkey Creek watershed southwest of Colorado Springs, Colorado. Continuous multiple channel tubing, nested piezometers, stream flow measurements, and mapping of known seeps were used to define the three-dimensional potentiometric distribution and areas of groundwater recharge and discharge. Water balance considerations, mass balance calculations, and potentiometric response to earth tides and barometric fluctuations confirmed that the granite fracture system in the ridge area of the proposed quarry has an extremely low bulk hydraulic conductivity resulting in minimal groundwater discharge to sustain the baseflow of Little Turkey Creek. The Little Turkey Creek valley forms the major conduit for groundwater flow exiting from the upper part of watershed underlain by granite. This conclusion has significant implications with respect to mine planning to minimize projected impacts to the hydrologic system and preserve this recharge component to downgradient Denver Basin sedimentary deposits.

By DIONISSIOS T. HRISTOPULOS, JUAN DIAZ, Kray Luxbacher, Steven Schafrik, Zach Agioutantis

Explosions in underground mining due to methane gas have been the leading cause of incidents and fatalities in the mining industry. The main objective of this research is to develop a forecasting methodology for methane gas emissions based on time series analysis. Methane time series data were retrieved from atmospheric monitoring systems (AMS) of three underground coal mines in the United States. The AMS data were preprocessed and statistically evaluated to explore the potential autocorrelation of methane gas. It was concluded that the autoregressive integrated moving average (ARIMA) time series model used in the one-step-ahead forecasting mode provides accurate estimates that match the increase or decrease of the methane gas emission data.

Feb 1, 2023

By Sebastian Avalos, Julian M. Ortiz, Willy Kracht

Semi-autogenous grinding mills play a critical role in the processing stage of many mining operations. They are also one of the most intensive energy consumers of the entire process. Current forecasting techniques of energy consumption base their inferences on feeding ore mineralogical features, SAG dimensions, and operational variables. Experts recognize their capabilities to provide adequate guidelines but also their lack of accuracy when real-time forecasting is desired. As an alternative, we propose the use of real-time operational variables (feed tonnage, bearing pressure, and spindle speed) to forecast the upcoming energy consumption via machine learning and deep learning techniques. Several predictive methods were studied: polynomial regression, k-nearest neighbor, support vector machine, multilayer perceptron, long short-term memory, and gated recurrent units. A step-by-step workflow on how to deal with real datasets, and how to find optimum models and final model selection is presented. In particular, recurrent neural networks achieved the best forecasting metrics in the energy consumption prediction task. The workflow has the potential of being extended to any other temporal and multivariate mineral processing datasets.

Jun 16, 2020

By Theophilus Mensah, Kwame Awuah-Offei

Engineers face significant challenges when determining what geometry provides the most profitable and safe stope for extraction. Several techniques and optimization algorithms have been developed in recent years, but most fail to find optimal solutions because they are heuristic or LP-based without efficient geometric constraints. This paper presents a two-dimensional binary linear programming (BLP) model for determining the optimal combination of blocks in a stope that maximizes the economic value of the layout of stopes for a sublevel deposit. The work draws from Queyranne and Wolsey’s (2017 & 2018) formulations of tight constraints for bounded up/down times in production planning problems to formulate novel and efficient geometric constraints along with geotechnical and grade constraints for the BLP stope layout optimization problem. Results from the model indicate that it is possible to formulate efficient shape constraints in LP-based approaches. The model used for the numerical example contained 144 valuable blocks out of 774 blocks, which translates into an economic value of $53.21M. The BLP model selected 60 valuable blocks and 13 waste blocks that met all constraints translating into a maximum economic value of $34.4M in 1.83 hours within a gap tolerance of 0.00%.

Jun 25, 2023

By E. Farrokh

CSM and NTNU models are among the most commonly used models in TBM performance evaluation. Due to increasing application of TBM in different tunneling conditions, modification became necessary for these models. Sensitivity analyses on these two models indicate that both models are very sensitive to machine characteristics. Analyses performed on CSM database for cutter load and penetration rate prediction indicate while the r-square of the CSM model is reasonably high for the predicted cutterload, the r-square value for the penetration is low. In order to increase prediction capability of CSM model for penetration rate the model was reevaluated using non-dimensional analysis and the original database of Colorado school of mines. NTNU model is evaluated using Monte Carlo simulation and regression analysis. The results of analyses indicate that the majority of the variation of the penetration in NTNU model can be explained by only three parameters. This might indicate that the effects of other factors are overshadowed and it is worthy to reevaluate NTNU model using original database and more updated statistical methods to avoid overlapping of different parameters correlations.

Feb 23, 2014

By X. Song, Q. Zhang

"The development of fracture zones in surrounding rock mass has significant impact on the stability of underground mine roadways. Detection of the fracture zones is of compelling importance for maintaining roadway stability as well as for safe and speedy excavation of the roadways. This paper presents a study conducted at Dong Bao Wei underground coal mine, where the roadways were developed in diabase rock mass. The roadways suffered severe damages, including sloughing and excessive floor heaving. The borehole imaging technique was applied in the study to observe and detect fracture zone development surrounding the roadway openings. Based on the borehole imaging studies, new roadway support systems were proposed to improve the stability. INTRODUCTION At the Dong Bao Wei Coal Mine three main roadways of the west wing were excavated. The three roadways had semicircle arch cross sections and were at a depth of 650 meters, each being about 750 meters in length. The roadways were driven through a section of thick diabase intrusion, which was softened by water with reduced strength and may turn into powder form under weathering. Site investigation indicated that the roadways in diabase intrusion zone were badly damaged due to severe deformation, and very serious roadway sidewall sloughing and spalling accompanied by severe floor heave often occurred.(Figures 1 and 2) In order to ensure the normal use of the roadway, undercuts were excavated. However, this operation seriously affected the roadway construction progress and increased the amount of roadway support operations as well as the roadway maintenance costs. Furthermore, a roof fall accident occurred in nearby drilling site. The investigation indicated insufficient support provided for the roadways which imposed significant safety hazards and would have serious impact to mining production and subsequent mining activities.The support of the main roadways is a critical task and is the focus of the underground opening excavation work at the mine, since more than 40 years of service life is required from these main roadways. For these roadways, large cross sections with high degree of stability and minimal amount of deformation should be maintained. Therefore, providing sufficient and appropriate roadway supports is of significant importance to the coal mine. In this paper, in order to optimize the roadway supporting system, studies were carried out on the geological structures, lithological characters, roof bolt anchoring features and suitable anchoring layers. The studies were aimed at ensuring the stability of mine roadways, reducing the roadway maintenance costs and providing a safe mine passageway for orderly production and progressive development of the mine"

Jan 1, 2016

By J. P. McCluskey

The effects of air quality regulations passed in the last few years have been felt in a more pervasive way by the electric utility industry than by perhaps any other industry. I'm referring especially to those regulations dealing with the control of air emissions from stationary sources, and those specifying the quality of fuel used. Particularly, I would like to describe some of the effects that these regulations have had on the Commonwealth Edison Company. To put the subject into perspective, a brief descrip¬tion of the company will be presented first. Then, a historical outline of some of the efforts at control of electric generating station emissions will be described. Following this will be an indication of the Company's response to early State and local regulations prompted by the growing pressure for stringent envi¬ronmental control. Finally, the Company's plans to achieve com¬pliance with the most recent, Federally approved, State of Illinois regulations will be summarized.

Jan 1, 1973

By Sahin Furkan Sahiner, Onur Golbasi

Effective maintenance planning is vital for coal mining operations, where haul truck fleets directly determine production continuity. This study presents a discrete event simulation (DES) model for evaluating maintenance strategies under multiple failure modes and their interdependencies. The model integrates corrective, periodic preventive, and opportunistic maintenance, dynamically updating equipment lifetimes through probabilistic time-betweenfailure and time-to-repair distributions. Applied to a fivetruck coal haulage fleet over a one-year horizon, results show that periodic preventive maintenance delivers the highest availability (76%) under unconstrained conditions, slightly outperforming corrective-only maintenance (75%). Opportunistic and integrated approaches performed worse (68% and 69%), reflecting redundancy from overlapping interventions. These findings suggest that structured preventive programs provide the most reliable outcomes when costs and resources are not limiting. The DES framework serves as a baseline for future models incorporating cost, spare parts logistics, and workforce availability, supporting robust maintenance planning in coal mining operations.

Feb 22, 2026