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By Donald W. Gentry

In the mining industry, there are two widely accepted methods of determining the investment worth of a contemplated project. One of these is the payback method and the other is the more recent discounted cash flow (DCF) technique known as the internal rate of return. Both techniques can be useful, but it is important to know the assumptions and characteristics of each procedure and how these may affect an investment decision. The Payback Period-A Shortcut to Yes or No The payback period is simply the time it takes for the cash inflows from an investment to equal that investment. Understandably, projects with short payback periods are preferred to those with longer ones. The payback period may be measured either from the time the initial investment is made or from the time that it begins to yield positive cash flows, but the latter approach is more realistic because it permits more accurate allowance for lost interest on the invested capital.

Jan 1, 1971

By R. L. Tobie, H. W. Seaney

Over the years since 1956 when initial experiments were conducted on underground concreting in an attempt to cope with the ground weight and pressure encountered in the development of a large-scale underground block caving system, the use of monolithic concrete linings has grown to include most of the primary development in the mining area. Although the development cost of concrete linings is higher than either timber or steel-supported openings, the repair and maintenance costs are substantially lower, making concrete the most economical means of ground support. Other ad- vantages are also apparent, in that concrete provides superior fireproofing, better ventilation, and a safer, cleaner working place.

Jan 11, 1965

NEW MEMBERS. The following list comprises the names of those persons who became members during the month of November, 1913: Members. AGNEW, JOHN L., Gent Supt Copper Cliff, Ont., Canada. BAILEY, FRANK C, Mine Mgr 2003 IV. Snito Ave., Spokane, Wash. BATEMAN, ALAN M., Min. Geol.,Care L. C. Graton, Geological Museum, Cambridge,Mass. BERRYHILL, JAMES G.,Atty.-at-law and Mining Investor, Equitable Bldg., Des Moines, Ia. CARTLIDGE, OSCAR, Mgr. State Mine Rescue Station, 452 W. South Grand Ave.. Springfield. Ill.

Jan 12, 1913

By R. A. Irvine

The use of large vibrating screens presents unique challenges to the screen manufacturer, the plant designer, and the plant operator. The design of vibrating structures that span greater unsupported distances is critical to the reliability of a screen subjected to billions of fatigue cycles. Larger percentages of total plant production become dependent upon fewer, larger vibrating screens. Plant designers and operators must plan for equipment maintenance in a manner which optimizes the production availability of large vibrating screens.

Jan 1, 1985

By I. C. White

Only two factors appear to be directly responsible for the geographic distribution of sulfur in the coal fields of West Virginia: these are the stratigraphic position of the coals in question, and the eastward or westward location of the deposits. There appears to be a progressive increase in the sulfur content of West Virginia coals from the oldest Peqnsylvanian deposits in the Pocahontas, New River, and Kanawha Groups of the Pottsville Series up through the Allegheny, Conemaugh, and

Jan 1, 1920

By Charles M. Brinckerhoff

The Potrerillos mine of the Andes Copper Mining Co., a subsidiary of Anaconda Copper Mining Co., is 100 miles east of the coast town of Chanaral, in the Province of Atacama, Chile. In December 1926, the plant was placed in operation and has operated continuously ever since. Block caving is the only mining method used, as it is especially suited to the grade of ore, the position and shape of the ore bodies, and the character of the ground. At the present time there are three haulage levels, which handle oxide and sulphide ores, and production from them averages 31,000 short tons daily. The purpose of this paper is to describe the layout, equipment and systems used on the gathering or main haulage levels. Haulage Layout Because of the shapes of the ore bodies, their distances from the dumping pockets

Jan 1, 1946

By Stanley M. Miller

For rock or soil materials assumed to be generally isotropic and homogeneous, seepage theory and analytic geometry can be used to develop a mathematical technique for estimating the steady state, pie-zometric drawdown to a slope face. The resulting parabolic drawdown curve is a function of slope angle and the height of the original water table above the slope toe. When the slope is cut at a rate faster than that which allows a steady state to be attained, a non- steady state analysis approximates the transient drawdown. Monte Carlo simulation provides realizations of possible drawdown curves that can be included in slope stability risk analyses.

Jan 1, 1983

Jan 1, 1951

By Clement K. Chase

ION exchange recovery of uranium has been proved successful in many operating plants in various parts of the world. First used in column plants processing clear liquors, ion exchange has more recently been applied in basket resin-in-pulp systems. A logical further development is the application of truly continuous processing techniques to the ion exchange recovery of metals, since previous systems have been semicontinuous at best. Column ion exchange is a valuable technique and has been used extensively in South Africa and elsewhere. However, it requires clear liquors. To produce these clear liquors, considerable investment in filter plant and clarification equipment is necessary. In the cases where it is very difficult or impossible to produce clarified liquors, column ion exchange is not so useful. Moreover, some liquors suffer from post-precipitation after clarification, which can become a serious problem.

Jan 9, 1957

By William G. Fricke

MaCROSEGREGATION, as distinct from microseg-regation, is often inverse in nature. That is, the eu-tectic solute elements, which are expected to be con-

Jan 1, 1970

By Robert E. Thurmond, E. D. Spaulding, Walter E. Heinrichs

DISCOVERY of a commercial ore deposit has resulted from a program emphasizing geophysical techniques and concentrating upon exploration of alluvial-covered areas. United Geophysical Co. selected these areas as offering the best possibility of success, for here the surface evidence of ore deposits has been hidden from the eyes of prospector and geologist alike. Pima mining district, Pima County, Arizona, was selected for initial exploration. The project was successful in that a commercial ore deposit was discovered and proved through drilling and extensive underground development.

Jan 2, 1954

By H. Nakazawa, I. Iwasaki

Galvanic contact, occurring between electrically conducting minerals in flotation pulps, may affect the nature of mineral surfaces and influence their floatabilities. Rest potential and galvanic current measurements were made on an electrode combination of pyrite and pyrrhotite under nitrogen, air and oxygen aeration conditions. The results were correlated with their oxygen-consuming characteris- tics and flotation behaviors. The galvanic contact improved the floatability of pyrrhotite, but adversely affected that of pyrite. Auger electron spectroscopy, X-ray photoelectron spectroscopy, and scanning electron microscopy indicated that the formation of hydroxide or oxide and sulfate species of iron on pyrrhotite decreased, whereas that on pyrite increased when these minerals were held in contact. An electro- chemical mechanism was proposed for the observed behaviors.

Jan 1, 1986

By R. D. Brown

This paper profiles Canada’s current economic, tax, and political environment with respect to its mining industry. Problems that must be overcome if the industry is to attain its full growth potential and are highlighted, some suggestions reflecting the opinion of many in the industry are given. Tables provide some detail on the current Canadian mining tax system, province by province, as well as for the Yukon and Northwest Territories, plus some relevant economic trends.

Jan 1, 1985

By Kenneth L. Temple

ACID coal mine drainage presents a peculiarly difficult problem for two principal reasons. First is the fact that the amount of acid water discharged from active and abandoned mines constantly in- creases as coal fields are developed and thereby creates a steadily worsening nuisance of rapidly growing importance to the general public as well as to the coal industry. Second is the even more significant fact that there is no method yet known that will appreciably alleviate the acid water problem except at totally prohibitive cost to the coal operators. The problem is thus seen to be an urgent one. With a growing need for good quality water and a growing public demand for abatement of stream pollution, a large portion of the soft coal industry finds itself in the position of year by year dumping more and more acid into the streams and waterways and having no way in sight of improving the situation or even of keeping it from getting worse.

Jan 12, 1951

By N. B. Aughenbaugh, W. C. Patrick

The availability of a thorough, simple-to-use roof fall classification system is desirable for several reasons. First, such a system would expedite the reporting of falls for the purposes of estimating material removal costs, analyzing damage levels, and complying with federal regulations to report falls in certain areas of the mine. Second, the classification system would allow the mining engineer to record falls routinely with little time and effort expended. This would encourage him to make observations concerning what type of roof support would work best in a given situation. Third, and probably most important, an

Jan 3, 1979

By Walter Riethmeier, Arthur J. Lynch

The future of plant design in mineral processing and extractive metallurgy is discussed in relation to present trends and the future need to build plants that will treat larger tonnages and lower grades of ore. The future equipment and plant design of crushing, grinding, screening, classification, flotation, magnetic concentration, gravity concentration, hydrometallurgy, thickening, filtration, tailings disposal, health, safety, environment, and materials of construction are discussed. Future plants are expected to follow upon present evolutionary trends. The impact of escalation, energy costs, and increased regulation of the industry is foreseen as a major influence on plant design.

Jan 1, 1978

THE first award of the James Douglas gold medal for achievement in non-ferrous metallurgy was made to Frederick Laist, of the Anaconda Copper Mining Co., and the presentation ceremony was a feature of the annual banquet of the Institute at the Waldorf, on Feb. 21. Frederick Laist was born in Cincinnati, Ohio, Oct. 30, 1878. In his early youth his parents moved to California where, in 1901, Mr. Laist graduated from the University of California, in the course of chemical en-gineering. For one year after graduation he was an in-structor in chemistry at the University of Utah. Fol-lowing this he was employed as a chemist in the lab-oratory of the Washoe Reduction Works of the Anaconda Copper Mining Co., where in successive stages he has occupied the position of chief chemist, blast-furnace superintend-ent, assistant superintend-ent of the entire plant, superintendent, and finally manager of the Anaconda company's reduction plants in Montana, which position he now holds. Mr. Laist, in his labora-tory work, manifested great interest in the hydrometal-lurgy of copper and zinc. As chief chemist at Anaconda, he brought the laboratory to a high degree of efficiency.

Jan 3, 1923

By R. H. Frank

IN the investigation of the effect of the time of heat on slag volume, no attempt was made to vary the usual practice at the Bonney-Floyd Co., such as selecting special-purchase scrap or cleaning foundry returns. The data were collected from seven normal heats, including four medium carbon, two medium manganese-molybdenum and one nickel-chrome-molybdenum. These heats were made with our normal practice and no special instructions were given the melters except to make sure that all slag-making materials were weighed and that no slag was lost during the melting, refining or tapping. After the stopper was set in the ladle, it was carefully weighed and the heat was tapped. As soon as the heat was slagged on the pouring floor, the nozzle was plugged with mud, to preclude the possibility of losing any slag while the ladle was being conveyed to the scales. The ladle, containing all of the slag, was weighed and the difference between this weight and the original weight was taken as the slag weight.

Jan 1, 1947

By R. S. Dean

AMONG naturally occurring inorganic compounds, magnetite has many unusual and interesting properties, and it is the purpose of this paper to call attention to these properties and review possible uses of magnetite that might be based on them; in other words, to see what uses may be found for magnetite as a physical rather than as a chemical entity, as a mineral rather than as an iron ore. The Mineral Physics Studies initiated in the Metallurgical Division of the U. S. Bureau of Mines a few years ago gathered together much information on mineral properties, and they are therefore the principal source of material for this paper.

Jan 1, 1937

By J. de la Vergne, L. O. Cooper

The hydrostatic steel mine shaft liner (HSL) Provides a permanent wall lining for drilled shafts. It is watertight and suitable for bad ground conditions. After a shaft has been drilled to its full depth, the HSL is lowered into it and secured in place with cement grout. The liner consists of a cylindrical steel shell usually reinforced with exterior stiffening rings. The shell is basically designed for compressive strength and the rings are provided to give the shell added resistance to buckling. There are no published standards for the correct procedures to design an HSL. This paper gives a method that appears logical. A design solution can be complex with increased opportunity for error. This paper presents simple formulas to produce sufficient accuracy for construction design. Two new concepts are presented, referred to as transition pressure and critical pressure. An example demonstrates use of the formulas and concepts presented. To facilitate comprehension and use of the formulas, Greek letters are avoided and most of the English alphabet symbols used refer by association to their definitions. An appendix shows derivation of the formulas.

Jan 1, 1984