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By J. A. Botín

NPV is a static measure of project value which does not discriminate between levels of internal and external risk in project valuation. Due to current investment project?s characteristics, a much more complex model is needed: one that includes the value of flexibility and the different risk levels associated with variables subject to uncertainty (price, costs, exchange rates, grade and tonnage of the deposits, cut off grade, among many others). Few of these variables present any correlation or can be treated uniformly. In this context, Real Option Valuation (ROV) arose more than a decade ago, as a mainly theoretical model with the potential for simultaneous calculation of the risk associated with such variables. This paper reviews the literature regarding the application of Real Options Valuation in mining, noting the prior focus on external risks, and presents a case study where ROV is applied to quantify risk associated to mine planning.

Jan 1, 2012

Caterpillar said it will produce a Cat line of ac electric drive mining trucks. The world’s largest manufacturer of mining and construction equipment said the addition of an AC electric drive truck line will provide its customers with products to fit key applications. “We are very proud of the strong leadership position that Caterpillar has attained with its mechanical drive trucks, and we will continue to invest in strengthening that position,” said Chris Curfman, president of Caterpillar’s Global Mining Division and Caterpillar Inc. vice president. “We also recognize that there are unique applications that would make the addition of ac electric drive an important and attractive complement to our current truck line.” This is the largest investment Caterpillar has made in mining trucks in its history.

Jan 1, 2006

By Liming Yuan

Barometric pressure changes affect air density, leading to change in the mass of the gas in the gob. When the barometric pressure decreases, the volume of gas in the gob expands, while the volume of gas contracts when the barometric pressure increases, causing the gob to breathe out and in. Although the concept of gob ?breathing? is simple, its effect on spontaneous heating of coal in the gob area is not clear. In this study, computational fluid dynamics (CFD) simulations were conducted to model the spontaneous heating of coal in longwall gob area under measured barometric pressure changes. A single longwall panel using a bleederless ventilation system was simulated. If there is no barometric pressure change, the intake airflow rate is equal to the return airflow rate. When the barometric pressure changes, these two airflow rates are no longer equal, and the difference between the two airflow rates represents the airflow rate the gob breathes in and out. The effect of inflow and outflow of gas on the potential spontaneous heating in the gob was investigated using the CFD model developed in our previous study. The effect of barometric pressure changes on the spontaneous heating was found to be dependent on the gob permeability and the coal oxidation rate. The effect of barometric pressure changes on oxygen concentrations in the gob was also examined.

Jan 1, 2010

By G. D. Andria

Contract J0275007 was to consist of a thorough two-phase statistical analysis of respirable coal mine dust data from USBM Contracts H0232061, H0232060, H0230029, H0230031, H0210050, and H0242013. Consequently, BCR cataloged and assembled relevant data items from these contracts and formulated procedures suitable for the evaluation. The selected procedure was a Multilinear Regression Analysis which related dust concentrations measured in the mine to other mine parameters. Under the first phase, a thorough analysis of the date from USBM Contract No. H0230029 was completed. Primary results from this analysis are as follows: (1) The five variables that significantly affect dust concentrations in the return behind the brattice are the spray system utilized; the distance from the face to the return brattice; the return airflow; the production rate; and the water consumption rate, in that order. These five variables describe about 85 percent of the total variation in the return dust concentration. (2) Results at the miner and jack-setter locations were somewhat less conclusive due to the fact that only 17 percent of the variation in dust at the miner could be resolved and only 48 percent of the variation at the jack-setter location could be explained. The decision of the sponsor was that these initial results revealed as much information as could be expected; thus, per instructions from the USBM, the second phase (analysis of the other five contracts) was abandoned.

Jan 1, 1978

By Tianfei Liao

Extensive site investigations revealed that abandoned shallow mine workings exist under a site planned for construction of a major new facility. Since the mine voids were susceptible to collapse, they were stabilized by grouting. After completion of the mine remediation, three types of deep foundations (micro-piles, auger-cast piles, and drilled piers) were considered for this site. Micro-piles spread the load via the bond between the pile and the bedrock. Without significant length socketed in rock, the axial load of auger-cast piles and drilled piers has to be concentrated on end bearing. Although spreading the load is preferable in this environment, economic consideration dictated the choice of drilled piers for construction.

Jan 1, 2009

By T. J. Yeomans

"The Kidd Creek metallurgical site is situated twenty-six kilometres east of Timmins, Ontario. The site consists of a 4.5 niillion tonne per year concentrator, a 127,000 tonne per year electrolytic zinc plant and a 79,000 tonne per year copper smelter/refinery complex.The concentrator commenced operations in 1966 and was expanded to its present capacity in 1978. The zinc plant commenced operations in 1972, and the copper smelter/refinery in 1983.The concentrator tailings, and both liquid and solid waste products from the other plants are disposed of within a 1215 hectare tailings disposal area. Here, a method known as centraljzecl thickened discharge is used to form a stable cone-shaped hill. A low permanent perimeter dyke structure encloses the cone and directs cone run-off and thickener overflow to a treatment pond. After treatment with lime slurry, this neutralized effluent is recycled to the metsite and also discharged into the Porcupine River system.The tailings system has been in operation in its present form since 1972, upon completion of dykes and a 110 metre thickener unit. Underflow densities were continuously increased until thickener overloading became a serious problem. This necessitated the construction of a second 110 metre thickener, which was completed in 1983. Target densities have been achieved without difficulty since then.This paper discusses the operation of the tailings system, reviews past performance, and outlines future operations."

Jan 1, 1986

By Martin Herrenknecht

Tunnel boring machines continue to develop to take on not only larger and larger diameters but also more difficult ground conditions. Ground conditions consisting of unstable faces with water pressures up to 15 bar has required innovative design approaches. A systems approach has been required to produce tunnelling machines that can not only safely excavate the tunnel but do so in an efficient, cost effective manner that stresses production and labor saving approaches. This paper will review the current design developments and present recent projects where these most recent principles have been applied.

Jan 1, 2008

This paper discusses the prediction of subsidence over partial extraction systems in thick coal seams. A model based on empirical techniques using influence functions is developed to calculate the surface ground settlements above extraction panels. Independent of the influence function, two field parameters, the subsidence factor and the angle of draw (limit angle) are required to define the model. Both these parameters are best observed from critical or super critical subsidence areas. However in thick seams, extraction widths are typically sub critical and therefore it was necessary to refine an estimation process for sub critical conditions. Partial extraction systems in NZ are characterised by variability with respect to extraction thickness and depth. As extraction proceeds along a panel, conditions deteriorate once the critical span width is exceeded and therefore percentage extraction decreases. A further variable was introduced to the modelling which allows for varying extraction sequences. Two comparisons with field observations, one over a partial extraction panel, the other over abandoned workings, showed the method gave good agreement to measured subsidence values.

Jan 1, 2002

Tried, Tested and Proven - 300 m3 Flotation Cells in Operation

Sep 13, 2010

By L. S. Hansen

Organized efforts toward the prevention of injuries and occupational diseases have been of comparatively recent origin in the mining industry, dating generally from the beginning of this century. Mining-and particularly underground mining- is more hazardous in many respects than most other major industries, and continual and increasing attention has been given to its health and safety aspects. The importance of the physical well-being of those engaged in mining was recognized by Agricola, who, after describing the hazards encountered in 16th century mining operations, stated that "Some of these evils, as well as certain other things, are the reason why pits are occasionally abandoned." In the past 50 yr particularly, mine managements and labor organizations, separately or collectively, have mounted productive efforts toward the prevention of accidents and industry-associated diseases and illnesses. A statistical study of this period indicates that increasing awareness coupled with the endeavors of all concerned agencies has resulted in decreasing frequency of occurrences of injuries and illnesses. In recent years particularly the mining industry has used the services of safety engineers, industrial hygienists, inspectors, ventilation engineers and other specializing in locating and correcting deficiencies affecting the welfare of employees. Concurrently, the labor movement has incorporated into its organization individuals working in the fields of health and safety, many devoting full time to these responsibilities. Others serve in behalf of their fellow workmen as on-the-job safety representatives. Most authorities agree that accidents are caused by (1) unsafe acts, (2) unsafe conditions and, exceptionally, (3) Acts of God. The "unsafe act" often is cited as the prime cause. but many accidents, and attendant injuries, are the result of a blend of "unsafe acts" and "unsafe conditions," with each chargeable in varying proportions. It therefore is necessary to consider both the physical elements of the mine plant and the training, mental attributes and actions of all personnel involved. Analysis of an accident, if based on hasty reconnaissance and unduly hurried questioning, seldom will disclose more than surface causes and consequently will result in inadequate measures to prevent repetition. Mining involves unavoidable and calculated risks, as in all facets of life. It is most important then that men employed in mining be schooled in the hazards and develop fully the ability to evaluate and minimize risks. The environment, of underground mining often is harsh and strange compared to the more natural surface conditions man has learned to cope with as a part of established life patterns. The miner. therefore, must adapt to unusual situations and conditions and must develop a mental attitude permitting acceptance of change. 3.1-INDUSTRY-AFFILIATED SAFETY AGENCIES L. S. HANSEN There are many organizations primarily interested in health and safety. In addition to industry and labor groups, there are many private and governmental

Jan 1, 1973

By Alan B. Wagner

Data from seven instrumented pile load tests in Milwaukee, Wisconsin and two other instrumented load tests reported in the literature, one in Evanston, Illinois and one in Houston, Texas were reviewed. The data were for pipe piles having diameters from 9-5/8 inches to 18 inches, driven to depths between 36 and 96 feet. These data were used to develop a relationship between effective vertical stress and unit side friction and unit end bearing. These relationships were based on readily measured soil parameters, undrained shear strength, Cu, and Standard Penetration Test (SPT) values. This Beta (ß) and Nt approach and four other methods were then used to calculate the bearing capacity of the nine cases analyzed. The results from each of the methods are compared with the measured results.

Jan 1, 1991

By S. J. Jung

Determining the correct combination of mix components and water for high-density paste backfills with the transport and deposition properties necessary in a mining operation is a difficult task. Rheologic properties cannot be determined without conducting full-scale pumping tests, and data from existing tests are very limited. The following presents the findings of investigations undertaken to determine if paste backfill rheology can be determined using existing techniques and which mix and system variables have the greatest influence on transport pressure loss. Data from lab-oratory-scale pumping tests were used to produce a rheologic model of flow behavior for comparison, and a statistical analysis was conducted to determine the most significant factors affecting transport pressure loss.

Jan 1, 1994

Effect of pH and Chain Length on the Flotation Separation of Fluorite from its Synthetic Mixtures with Calcite and Dolomite with Imino-Bis-Methylene Phosphonic Acid

Sep 13, 2010

By B. M. Das

Laboratory model test results for the ultimate uplift capacity of rough rigid single and group piles embedded in sand have been presented. Model tests on single piles were conducted in loose, medium, and dense sand. The uplift tests on group piles were conducted in medium sand only. Based on the present model test results, tentative relationships for the estimation of the ultimate uplift capacity of single pile have been presented. The efficiency of group piles is a function of the length-to-diameter ratio, center-to-center spacing to diameter ratio, number of piles in a group, and the degree of compaction of sand.

Jan 1, 1989

Council for 1996/97 President Dr N.A. Barcza President Elect R.P. Mohring Vice Presidents Senior J.R. Dixon Junior M.H. Rogers Immediate Past President D.A.J. Ross-Watt Honorary Treasurer J.A. Cruise

Jan 1, 1997

By R H. Sibson

The gold province of Otago occupies an area of upwarped basement, the Otago Schist, comprising predominantly quartzofeldspathic and volcanogenic metasediments. This assemblage is the product of collisional tectonic deformation and associated metamorphism, mainly to lower greenschist facies, during the Rangitata Orogeny (200-100 Ma). Historically this region has produced 240 tonnes of gold, 4% (10 t.) of which was from the mining of Cretaceous goldquartz mineralised vein systems. Auriferous vein systems in the Otago Schist are mainly hosted within NW trending normal fault-fracture arrays, however NW trending reverse fault-hosted vein systems also occur. We propose that the Late Cretaceous-mid Tertiary Otago Schist structure represents a regional anticlinorium containing flexural folds of at least two wavelengths. The anticlinorium structure has been quantified by determining variations in angular discordance between schistosity and the Otago Peneplain, a Late Cretaceous-mid Tertiary erosion surface covering most of the Otago district. A structural model for the evolution of the post-collisional anticlinorium requires the cooling surficial zone (carapace) of a retrograding metamorphic belt to behave as an elastic lid. Erosion of topographic load on the carapace drove isostatic uplift, which was greatest in the tectonically thickened core of the orogen. In this way differential uplift produced flexural deformation in the elastic carapace, expressed as a large scale arching of the orogenic belt. Flexure created tangential longitudinal strains in the outer-arc, leading to extension and the formation of mineralised normal faults. These structures are separated by a neutral surface from shortening and associated mineralised reverse faults in the inner-arc. Our structural model predicts that the distribution of auriferous lodes should be localised about zones of maximum flexural curvature, where the tangential longitudinal strains are highest. As a result, NW-SE hinge regions separating schistosity dip domains in the Otago gold province may have new found significance as potential exploration targets.

Jan 1, 1995

By Kung-Lee Wang

SUSTAINED growth characterized the U.S. economy in 1964. Many new peaks were achieved in production, sales, employment, employee earnings, and business profits. At the end of 1964, the economy had experienced 4 years of uninterrupted expansion, and the greatest net gains in output for all postwar cyclical advances had been registered. There were no indications of the various weaknesses which have previously characterized advanced stages of business expansion. Both gross national product (GNP) and national income were 6.7 percent higher than in 1963. In 1964 GNP totaled $628.7 billion, a gain of $39.2 billion over the 1963 figure. On an overall basis, prices rose 1.75 percent in 1964. The real volume of output of goods and services (GNP in constant dollars) increased by 5.0 percent ill 1964; this was more than the 3.8-percent gain in 1963 but less than the 6.6 percent gain in 1962. The 1964 output gain also exceeded the average 3.7 percent annual increase for the postwar period. Congress authorized a two-stage tax reduction designed to further stimulate economic growth and employment. The tax cut favorably affected the 1964 economy in the following ways: By helping to boost personal income, corporate profits, and industrial production; by accelerating the pace of consumer spending and business capital expansion; and by increasing employment, thereby reducing unemployment to 5 percent. Three major problems remained unsolved. These were unemployment of 3.7 million persons, poverty conditions among more

Jan 1, 1965

By James C. Barker

The U. S. Bureau of Mines made a reconnaissance In the western Crazy Mountains for cobalt and associated metals as part of the Alaska-wide critical and strategic metals program. The area, located about 75 miles north of Fairbanks in central Alaska, is underlain by complexly faulted, predominantly clastic sedimentary rocks bordering the Tintina Fault system. Above background metal concentrations were found to occur in altered fault zones, tectonic breccias, soils, and ground water seeps and precipitates that either cut or are derived from the faulted clastic sedimentary rocks. Up to 0.115 pct cobalt and more than 2.0 pct zinc were detected in soil samples. Spring precipitates contained up to 1.3 pct zinc, 0.037 pct tungsten, and other metals. Some localities lacked cobalt but contained anomalous amounts of copper, lead, zinc, silver, and other metals. No outcropping of primary metallic minerals was located because of Colluvium and vegetation cover and extensive deep leaching. Therefore, whether the metal values encountered are due to primary deposits with economic development potential or are the results of concentration by ground water from low-grade sources is unknown. The presence of cobalt, nickel and zinc, and the identification of minor tin and tungsten indicate that further investigation is warranted.

Jan 1, 1983

Viscosity measurements were carried out on slags in the CaO-Cu2O-CuO-MgO-SiO2systemcontaining ~ 63 wt% SiO2in air. The experimental work was carried out over a range of temperatures where the slags were completely liquid. Initial measurements were on a binary CaO-SiO2slag to which incremental additions of CuxO-MgO-SiO2slag with the same silica mole fraction were made. The viscosity-temperature relationship was measured for slags with‘Cu2O’contents of 0.02, 0.19, 0.38, 0.79, 1.69, 2.47, 3.01, 5.31 and 10.0 wt%. The proportions of Cu+and Cu2+in the slags were determined. The oxidation state of Cushifted from predominantly Cu+to Cu2+, with the Cu+/Cu2+ratio of approximately 0.3 for slag with a Cu content above 2 wt%. This is equivalent to Cu1.13O. The trends observed for changes of Cu2+/Cu+redox ratio with slag chemistry were consistent with the literature. Decreasing the CaO content by substituting copper oxide resulted in a decrease in the Cu+/Cu2+redox ratio. The change in ratio corresponded to a shift of the value of x in CuxO from an initial value of 1.8 to 1.1,when the slags contained 10% ‘Cu2O’. In this study, the SiO2content of the slags varied between 64 and 60 wt% as the Cu content increased. The viscosity of the slag containing 10 wt% CuxO was nearly 4.5 times lower than the binary CaO-SiO2slag. As the silica mole fraction (xSiO2) actually stayed constant (0.61±0.009),the results show that CuxO acted as a network breaker. Comparison with other ternary slags with similar silica mole fractions suggest that that addition of CuxO to silicate slags has a stronger effect on lowering the viscosity than FeO or MnO has on a molar basis. Keywords: viscosity, copper, silicate, slags

Jan 1, 2004

By Tim Chapman

This general report considers what promoters of deep basement projects want from their teams and whether they get it often enough. Most large projects are based on complex financial models where the funding is related to a future income stream. Project delays and cost over-runs can critically affect the financial model. Too often, delays and cost over-runs originate in the substructure and foundations. We must take positive steps to improve our industry's reputation for reliability.

Jan 1, 2006