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By B Hannah, M Uriarte, F Labarca, C Madore, G Ganapathi, L Martin, T Haase

BechtelÆs Mining and Metals projects across the globe are executed in remote arid and semi-arid countries where providing even basic water supplies impose considerable challenges. Opportunities for water conservation measures using a Six Sigma initiative were proactively pursued to address the potential business impacts of limited availability of water resources. The initiative investigated areas driving water-optimisation during concrete operations and camp management. This paper details the water conservation evaluation of alternatives and cost/benefit analysis based on current and predicted water usage for development projects. Optimisation of water consumption through institutionalising more prescriptive standards for camp design and defining water conservation requirements have resulted in a new standard specification. Based on our projected mining project workload across the globe, it is estimated that for the period 2012 - 2015, a potential 5.5 M m3 water savings resulting in US$11 M could be realised for construction camps and savings of 4 M m3 of peripheral concrete process water resulting in potential cost savings of US$8 M could be achieved as a result of these revised standards.CITATION:Haase, T, Hannah, B, Ganapathi, G, Martin, L, Madore, C, Labarca, F and Uriarte, M, 2013. Water conservation at construction projects, in Proceedings Water in Mining 2013 , pp 251-258 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 26, 2013

By Jamie Delgado, Marco Arelano

The changes of bench angles in an Open pit mine has a strong economical impact in the “mining business”, particularly in its cash flow related both to the decrease as well as to the increase of the global bench angle or the inter-ramp angle. The global vision of bench optimization process currently developed by Compafila Minera Zaldivar (CMZ), includes the interconnection of different processes driving to the completion of the designs. Thus five very influential areas are recognised such as: (1) The physical Surrounding terrain, (2) the strength parameters, (3) the observational model, (4) the acceptability criteria and (5) the operational considerations. One of the important variables affecting this process is Drilling and Blasting (D&B). Increasing the bench angle requires to optimisation of D&B. To achieve this efficiently controlled sub processes must be defined. Three (3) steps can be defined: (a) design parameters, (b) explosive energy distribution and (c) operation results. To control and improve said steps quantitative evaluations of D&B must be performed. One valid evaluation is the “near field vibration monitoring technique” (at bench level). With the application of damage criteria, measurements and modelling of particle velocity a proper definition and optimisation of stages (a), (b) and (c) was achieved, The use of this methodology has enabled to CMZ to successfully increase the inter-ramp angle in three degrees thus obtaining a saving of US$ 36 million in the waste material removed. Also, the efficient control of the bench slopes has resulted in the improvement of the fragmentation operational results. This has resulted in a 26Oh increase in the ore processing by saving energy in the primary crusher due to its performance improvement.

Jan 1, 2001

By Paul M. Tyler

ROUGHLY one-half the value of mineral products at mines or quarries must be spent for wages. In view of the steady increase in hourly wages that continued for several decades prior to the onslaught of the recent depression, it is perhaps surprising to discover that labor's share of the gross proceeds of the mining and quarrying industries of the United States declined to 46.8 per cent in 1929, compared with 52.2 per cent in 1919 and 53.2 per cent in 1909. The actual percentages vary in different branches of the industry and in different localities but the downward trend is unmistakable. For the period 1909 to 1919 it was quite marked in every industry and from 1919 to 1929 it was apparent in all but six: namely, gold and silver lode mining, placer gold mining, crude gypsum production, marble quarrying, asbestos production, and fluorspar Tninino mining

Jan 1, 1933

By G. M. Potter

During the investigation of the occurrence of manganese deposits in the western United States, examining engineers of the Bureau of Mines collected samples from four properties in Siskiyou and Mendocino Counties northern California. As the ores were too low-grade to be acceptable to manufacturers of ferromanganese, beneficiation studies were made between 1941 and 1945 to determine the amenability of the ores to concentration. The Johnson and Reynolds properties are near Fort Jones Siskiyou County. The ore occurs in a number of small lenses in that area. Samples were taken for testing for amenability to treatment in a small custom-gravity plant, tentatively planned. by the Waiter Johnson interests of San Francisco. A 2-ton representative sample was obtained from numerous exposed portions of an outcrop on the property of the Mayland Mining Co. The Mayland mine is about 8 miles from Sawyers Bar in Siskiyou County. The ore body consists of stringers and irregular masses of oxide, and. silicate ore scattered through quartz, which these minerals have replaced.

Jan 1, 1952

By Wilian da Silva Labiapari

Austenitic stainless steels are widely known for their good weldability, excellent mechanical properties for deep drawing and superior corrosion resistance in environments where most of the metals fail. Their uses include many applications subjected to a combination of mechanical and corrosive wear, such as pumps, valves and surgical implants. Although their corrosion resistance has been largely investigated, their resistance to mechanical wear is less studied. In particular, their performance under conditions involving combined corrosive and mechanical wear is not well understood. The aim of this study is to demonstrate the effect of the mechanical component on the electrochemical signal of an anodic polarization curve. A test rig was developed to investigate micro-abrasion-corrosion using a fixed ball configuration. Tests were carried out using stainless steel AISI 304 samples and 25.4 mm zirconia balls as counter bodies. The electrolyte was a 1N H2SO4 solution with SiO2 as abrasive dispersed at the concentration of 10 wt%. The results showed an increase in current density when the counter face roughness and the normal load applied during the tests are increased, evidencing a mechanical influence on the surface activity of this material in a corrosive environment.

Jul 31, 2018

By Fred Morelko, Michael Connelly, Brad L. Ricks

INTRODUCTION The $1.1 billion Bajo la Alumbrera Project, started up in 1997 by Minera Alumbrera Limited in the Catamarca Province of Northwestern Argentina, is the first large scale modern mining project to be developed in Argentina. Like many modern Andean mining projects, existing infrastructure was not available to economically transport the 875,000 tonnes of product per year. A variety of alternatives were investigated, including upgrading of existing roads and railroads, slurry pipelines, and combinations of these systems. The final system selected was to combine a 312 km slurry pipeline with an 820 km rail haul to a ship loading facility near Rosario. The concentrate pipeline crosses divergent terrain between the minesite at 2400 m elevation and the filter plant at 400 m elevation. The system selected represented the lowest net present cost alternative by a significant margin. BACKGROUND The Bajo Alumbrera deposit was discovered in 1947 by Professor Cetioni from the University of Tucuman. It is a large (>750 million tonnes) medium-grade (0.6%) copper deposit with high gold values (0.5 g/t*). The deposit outcrops, making it very suitable to modern, large scale, open pit mining techniques using 218 t trucks and 43 m3 shovels. Advances in gravity concentration of the gold helped to demonstrate the feasibility of the project in a study prepared by Fluor Daniel for Minera Alumbrera in 1994. The initial concentrator is the largest green-field concentrator ever constructed, rated at 85,000 t/d. Production will peak at 190,000 tonnes of copper metal and 710,000 troy ounces of gold per year, one of the top 10 copper and top 15 gold producers in the world. * Throughout this paper, the word tonne and abbreviation refer to the metric ton of 1000 kg.

Jan 1, 1998

By Breno Totti Maia

O presente trabalho teve por objetivo uma análise de parâmetros geométricos de bicos de lança em operação e uma extrapolação para situações futuras. Foram determinadas as principais relações trigonométricas e, a partir disso, verificada a possibilidade de “coalescência”. Os principais resultados mostram que círculo primitivo dos bocais (PCD) não tem qualquer influência nas relações trigonométricas do bocal, limitado pelo ângulo de saída divergente. Bicos com até 04 furos e pequeno ângulo com a vertical podem promover a coalescência e bicos com mais furos afastam essa possibilidade assim como a relação entre número de furos e ângulo entre dois bocais adjacentes. O presente trabalho mostrou uma importante ferramenta para determinação de condições para desenvolvimento de novos bicos de lança.

Aug 17, 2017

By Paul Hewitt, Aaron Rastall

The New South Wales South Coast rail corridor is key infrastructure for both freight and passenger transport. Geomorphological and geological evidence suggests that land instability has been widespread throughout sections of the rail corridor, long before the first documented record of landslide activity in 1879. Major landslides occurred along a 25-km length of the South Coast Railway connecting Sydney and Wollongong because of significant rainfall events of the late 1980s. Since this time, several sites have been identified as subject to instability and treated progressively under a risk priority and safety management system. Two such sites comprise a station footbridge and overhead wiring structure (OHWS), both founded on high embankments overlying colluvial materials resulting in the structures’ potential movement and associated stability concerns. This paper presents these two sites as case studies, and discusses the project geology, geotechnical models developed, interpretation of monitoring data, and successful remediation of the rail structures using sleeved bored piles. The sleeved pile system was used to isolate bored piles, which separated the bridge foundations and OHWS from the moving soil mass to ensure the piles can carry the rail structure loads, unaffected by downslope soil movements.

Nov 1, 2022

By D. D. Schlepp

There is a continuing debate about the influence of circulating load and classifier efficiency on the capacity of the circuit. Specifically, the effects of preferential classification, bypassed fines, and the sharpness of classification will be examined. Horizontal cyclones have also proven to be very successful in a number of operations but their impact on the circuit capacity has not been clearly defined.

Jan 1, 1990

By L. V. Chugaev, Y. M. Shneerson, P. V. Zaytsev, I. V. Fomenko, M. A. Pleshkov

"Pressure oxidation (POX) is one of the most common and reliable methods of processing gold-bearing sulfide concentrates. However, when processing concentrates that contain natural carbonaceous matter, substantial gold losses occur due to autoclave preg-robbing. The latter involves formation of gold chloride complexes under typical POX conditions (high temperatures, high acidity and high ORP) and subsequent sorption of these complexes by carbonaceous matter. Naturally, chloride ion plays a significant role in the process of autoclave preg-robbing; its concentration in POX solution has a well-marked effect on subsequent gold recovery during cyanidation of POX residue. The previous research done by SRC Hydrometallurgy showed that autoclave preg-robbing of gold could be significantly inhibited by the addition of mercury(II) compounds to POX slurry. The positive effect of mercury(II) was well pronounced both at high (>20 mg/L) and low (<5 mg/L) Cl concentrations in POX solution. The successful bench-scale laboratory testing was followed by pilot plant trials at Ore Test Facility in Blagoveshchensk, Russia. The present paper provides the results of these trials. The bench-scale testing results were verified; the optimum oxidizing parameters and reagent dosage were specified. The behavior of mercury (II) at POX pilot plant was found to be in good consistency with industrial practice described in the literature.INTRODUCTION Pressure oxidation (POX) is one of the most common, reliable, and commercially proven methods of processing gold-bearing sulfide ores and concentrates. However, when processing double refractory materials that contain natural carbonaceous matter, POX technology advantages are compromised by autoclave preg-robbing of gold. The latter occurs when natural organic carbon and soluble halides are both present in autoclave feed. Strongly oxidizing conditions of POX (high temperature, oxidation-reduction potential or ORP, and acidity) favor formation of gold-halide (mostly, gold-chloride) complexes, which tend to bond with carbonaceous matter. The exact nature and mechanism of this bonding is unknown, but as the result of this, cyanide is unable to leach gold from POX residue and the precious metal is lost to the tails (Axenov et al., 2014; Dimov, Chryssoulis, & Sodhi, 2003; Fomenko, Zaytsev, Pleshkov, Chugaev, & Shneerson, 2013)."

Jan 1, 2017

By R. Vernon Helm

Four tables listing values for the various physical properties of those sulfur compounds most likely to occur in petroleum and petroleum products are given herein. The data necessary to bring the first compilation2/ in this subject up to date are given in table I -Revised and Additional Data, which includes boiling points, refractive indices, densities, and freezing points. Tables 11-, III, and IV are published for the first time and include refractive indices for the F, C, and G&apos; lines of hydrogen and the helium D:3 line; surface tensions and viscosities, and refractivity intercepts, specific dispersions, specific refractions, and parachors. The need for information concerning the sulfur compounds in petroleum is becoming-more urgent because of the necessity of refining larger quantities of high-sulfur crude oil to meet the rising demand for petroleum products. For a number of years the Bureau of Mines has been engaged in research to make available more information concerning the properties of the sulfur compounds in petroleum. The petroleum industry has recognized the value of such studies, and as a result the American Petroleum Institute has established Research Project 48A to study sulfur compounds. The investigations under this Project are to be done in Bureau of Mines laboratories as a cooperative project in connection with the work already started.

Jan 1, 1949

By Mi Chung

T HE ore-dressing problem at Tul Mi Chung is complicated by the unusually complex nature of the ores. These come from replacement ore- bodies in limestone at the contact with a granite batholith, and contain copper, gold, silver, bismuth, molybdenum, iron, arsenic, zinc, and lead, the first two metals constituting the principal sources of profit. Iron is present as pyrite, magnetite, and hematite. Arsenic occurs both as mispickel and lollingite (FelAsa), the latter carrying a certain amount of finely divided gold. The gangue minerals are those typical of limestone con- tact-metamorphism and include a large percentage of garnet, together with diopside, serpentine, calcite, epidote, zoisite, actinolite, &apos;mica and other minerals. A part of the gold occurs in a free state; some is combined with chalcopyrite and lollingite, and a consider- able proportion is contained in the pyrite. Researches towards the improvement of recovery have been energetically conducted since 1915. Amalgamation, gravity concentrating tables, vanners, can- vas plants, etc., have all been tried and discarded in favor of flotation. It was very quickly established that fine grinding was essential for satisfactory recovery. This was and is still accomplished in Hardinge ball and pebble mills. A comparative test showed that when the ore was crushed to the point at which it contained 20 to 26 per cent. coarser than 100 mesh, the gold recovery was only 55.9 per cent., whereas when crushed so that only 11 to 15 per cent. was coarser than 100 mesh, the gold recovery was increased to 82.5 per cent. No particular difficulty was ever experienced in making a satisfactory recovery of copper but the losses in gold were considered serious and led to the investigation described in this paper.

Jan 1, 1924

By Hong Yong Sohn, Miguel Olivas-Martinez, Zhixue Yuan

A novel flash ironmaking process that directly reduces iron oxide concentrate particles by gas is under development. The goal of this work was to study the possibility of reoxidation of iron particles in various gas mixtures. As the product iron cools down in the lower part of the flash reactor, conditions may become favorable for reoxidation because of equilibrium and high reactivity of iron particles. The effects of temperature (823 – 973 K) and H2O partial pressure (40 – 100 pct., Ptotal = 86.1 kPa) on the reoxidation rate were examined. The pressure dependence was first order with respect to water vapor, and the activation energy was 146 kJ/mol. A complete rate equation that adequately represents the experimental data was developed. For oxidation in O2-N2 mixtures, the effects of temperature (673 – 873 K) and O2 partial pressure (5 – 21 pct., Ptotal = 86.1 kPa) were determined. Reoxidation in pure CO2 was also investigated at 873 – 1073 K for comparison.

Jan 1, 2014

By M. Pillay

INTRODUCTION Heat stress continues to be a safety concern in underground mining. This is due to a number of reasons including increasing depths of mining, increased levels of heat generated from machines, ventilation systems being constrained from providing suitable levels of airflow and others. In order to assess if a thermal environment is safe for miners under normal or modified work arrangements, or to specify stop work conditions a heat stress index is used to guide decisions. Historically, a number of heat stress indices have been developed and applied in underground mines. These can be classed under three broad headings; single measurement, empirically based and rational indices. Do any of these indices perform better than the others? Which one allows simple determinations and decisions to be made in the mine? This paper aims to provide answers to these questions by comparing and contrasting three indices; effective temperature (ET), simple air cooling power (ACP) and Thermal work limit (TWL) for a range of typical mining wet and dry bulb combinations? The paper concludes with the identification of areas for future research. BACKGROUND Heat stress causes discomfort, increases physiological strain, decreases productivity and performance, and contributes to increased incidents [1]. Effective management and control of heat stress is particularly important in mining where hot working conditions are very common [2]. Heat stress index is a common indicator that is used by mine safety advisors and managers to guide decisions about safe work practices in mining under normal or modified conditions. According to Howes and Nixon [3] A safe heat stress control strategy for an underground mine has three elements: • Application of an environmental measure which reflects physiological strain with sufficient accuracy for the range of conditions encountered underground. • Acceptance of a functional relationship between the environmental measure and human performance which is used to optimise the environmental conditions achievable with either ventilation or ventilation and refrigeration. • A management control strategy based on the environmental measure which is designed to ensure that work in environments where excessive physiological strain may occur is prevented and corrective action is initiated. The link between these elements is an environmental measure that reflects the physiological strain a worker is subjected to. Since the turn of the twentieth century various indices of thermal stress have been developed (McPherson [4], Howes and Nixon [3], Brake [5]). In selecting a suitable environmental measure or index one problem that must be addressed is the ease with which it can be physically obtained relative to it accurately reflecting the physiological strain. No index can be universally applied and there is no single correct measure or index. However if an index has provided adequate control in a particular circumstance, then it can be regarded as correct for that situation.

Jan 1, 2019

By José de Camargo

Em janeiro de 2016 a Russula foi contratada pela Dojran Steel (Sidenor) para a reformulação de sua planta de Nikolic / Macedônia. O fornecimento incluiu um novo laminador de barras e perfis com capacidade para atingir 350.000 toneladas por ano, composto de equipamento mecânico, sistema de automação, bem como todo o suporte técnico necessário para a Dojran Steel expandir sua antiga gama de produtos e melhorar sua qualidade de produto acabado. Ao final da reformulação, executada em várias fases, o novo laminador adquiriu capacidade para produzir toda gama de produtos desejada: - Redondos de 8 a 40 mm, - Barras chatas de 16 x 4 a 140 x 20mm, - Quadrados de 8 a 40 mm, - Cantoneiras de abas iguais de 20 x 20 x 2,5 a 120 x 120 x 12mm,- Cantoneiras de abas desiguais de 30 x 20 x 3 a 120 x 80 x 10,- Perfil U (UPN) com altura de 30 a 140 mm,- Perfil I (IPE) de 80 a 120 mm e - Perfil T de 20 a 50 mm.

Oct 30, 2017

By Jorge A. S. Tenorio, Chuanwei Zhuo, Joner O. Alves, Yiannis A. Levendis

"Reduction of combustion-emitted greenhouse gases, which are associated with global warming, may be achieved by use of CO2-neutral alternative fuels, such as bio-ethanol. Distillers Dried Grains with Solubles (DDGS) are the main co-products of the com-grain-based ethanol industries. In 2009, the North American production of ethanol from com was about 38 billion liters, which generated approximately 31.5 million tons of DDGS. Samples of DDGS were pyrolysed at temperatures of 600-1000 °C in a two-stage laminar-flow horizontal furnace, and a catalyst system was used to synthesize nanomaterials. This work presents a microstructural characterization of these nanomaterials by scanning electron microscopy (SEM) and transmission electron microscopy (TEM). Results showed that the nanomaterials produced from pyrolysis of DDGS were in the form of long, entangled, rope-like structures with rugged walls, lengths in the tens of microns, and axially non-uniform diameters in the range of 100-300 nm.IntroductionThe interest in ethanol has increased considerably worldwide due to the necessity of finding renewable and cleaner energy resources [1, 2]. According to the Renewable Fuels Association (RF A), the world ethanol production in 2008 was approximately 65.7 billion liters (17.3 billion gallons), which figure represented a 24% increase in the production over that in the previous year [3]. The major producers of ethanol are the USA and Brazil, which together account for 90% of world production. The main feedstock for ethanol in USA is com grain, whereas sugarcane predominates in Brazil [2-4]."

Jan 1, 2011

By S. J. Dai

The cadmium and cyanide are main poisonous components in cyanide electroplating cadmium waste water of an electroplating plant in Shenyang. The content of cadmium is about 26 mg/L and the content of cyanide is about 11.782 mg/L in this waste water. The main form of cadmium and cyanide are ions which are Cd2+and CN?. Because the cadmium and cyanide exceeded the standard seriously, the waste water must be disposed before it discharges. The microbiological method of treating heavy metals in wastewater has many advantages. For example, it has a fast adsorption velocity, high processing efficiency, wide range of pH and temperature, few invest, low running cost, no the second pollution and so on. At the same time, the CN? could be degradated by some microbiology. The physical nature, the chemical nature of Bacillus mucilaginosus, the adsorbing condition and adsorbing regular of Bacillus mucilaginosus to cadmium in the wastewater are studied by using Bacillus mucilaginosus as adsorbent removing cadmium from electroplating wastewater. The experimental results show that the adsorbing rate of cadmium is over 92%, under the room temperature(about 25?), stiring revolution in adsorption being 800 r/min for 30 min, pH being 5 , the bacteria being cultured after 5d with the biomass of Bacillus mucilaginosus 40g/L (wet weight). The mechanism in biosorption process of Bacillus mucilaginosus to cadmium is analyzed and discussed by TEM , Zeta potential,and infrared spectroscopy analysis. The results showed, the chemical involving is main adsorbing form, while electrostatic attraction, ions exchange, hydrogen bonding and Van Der Waals force are concerned cooperatively. ?NH2 ?, ?C=O?, ?C=O?NH?CH2, ?CH3, ?OH are main adsorbing groups. At the same time, the floatablity of removing cyanide by Bacillus mucilaginosus is explored.

Jan 1, 2014

By Albert H. Fay, Herbert M. Wilson

The national mine-safety demonstration at Pittsburgh, Pa., was projected and undertaken in the hope that it would aid the increase of safety in the mining industry. That the national mine-safety demonstration was warranted and has served a useful purpose was evidenced by the attendance, not only at the public demonstration in Forbes Field, but also at the more special exhibit of the work of the Bureau of Mines at the arsenal grounds and at the experimsntal. mine. Nearly 2,000 persons witnessed the demonstrations and exhibits of the Bureau of Mines at the arsenal grounds on the morning of October 30, 1911. The spectators were all mine operators, miners, or persons interested in mining, and represented operations in all parts of the United States. Nearly 1,200 of these persons visited the bureau's experimental mine at Bruceton to witness ~th~explosion of coal dust. Had the weather, which was exceptionally inclement, been more favorable, there would doubtless have been a much larger attendance. At the public demonstration in Forbes Field, which· was witnessed by President Taft, from 12,000 to 15,000 persons, chiefly mining men, were present and attested their interest and enthusiasm in the minesafety exhibits by remaining throughout the proceedings, regardless of the rain which fell all the morning .. Sincethis demonstration, the organization of first-aid corps and of rescue corps has been undertaken at mines where there had previously been no such organizations. The bureau has received letters of commendation attesting the value of the demonstration in drawing· attention to the dangers and to possible means of greater safety in mining. Many of these letters have urged that the results of the demonstration be published for the guidance and instruction of those who were present. In response to these reauests the following account of the mine- BlIIeLY demonstration lias been prepared. IIi its preparation various division and section chiefs of the Bureau of Mines have cooperated. The authors acknowledge the assistance they have received from those section chiefs and other members of the bureau who contributed detailed descriptions of apparatus exhibited at the demonstration or of investigations represented.

Jan 1, 1912

Zincor operates four Lurgi fluidized-bed roasters at its roast-leach-electrowin refinery in Springs, South Africa. In 2006, Zincor?s four roasters had reached ages ranging between 26 and 38 years, while the expected life of this type of roaster is generally 20 to 25 years. Roaster 3 was the first to be rebuilt in 2006 because its condition had deteriorated the most. Roaster 4 is being rebuilt in 2007 and the last two roasters will be rebuilt over the next few years as necessary. The main damage to Roaster 3 was caused by buckling of the roaster steel shell. This caused the freeboard and dome areas to shift, resulting in cracks in the dome brick lining and crumbling of the bricks lining the freeboard. The steel shell buckled owing to the combined effects of excessively high operating temperatures and corrosion. These were caused by the following two main factors: ?Thicker external insulation was installed during a previous maintenance shut, which resulted in an increased steel shell temperature and exacerbated the normal metal fatigue ?SO2/SO3 containing gas that had permeated the brick lining passed through its dew point during frequent planned and unplanned shuts over the life of the roaster. This caused acid formation between the refractory brick lining and steel shell, resulting in corrosion of the shell. The initial plan was to replace only the damaged areas of Roaster 3, but when it was dismantled more damage was found, and the roaster was rebuilding from the tuyeres upwards. During there building the opportunity was taken to modify the design of some of the brickwork to extend its life and make future repairs easier. This paper discusses the mode of failure of Roaster 3 and the lessons learnt during its dismantling and rebuilding.

Jan 1, 2007

By Dr. O’Neil Thomas J., Donald W. Gentry

"If you can hold a board of cross directors In happiness against their gauzy schemes; If you can dodge the wrath of the electors Till dividends will flow as in their dreams; If you can make a mine pay from the grass roots No matter what the time or place or year; Then on my soul until the final blast shoots We&apos;ll add the title "MINING" when we call you "ENGINEER. " -From Wayne Darlington, "The Mining Engineer, " The Engineering and Mining Journal, Vol. 98, Sept. 26, 1914, p. 587. REASONS FOR THIS CHAPTER Up to this point in the book the material presented has addressed the fundamental parameters associated with the evaluation of mining ventures and other investment alternatives. The procedures and techniques illustrated represent the basic approach to project evaluation, particularly when considering the normal engineering economic analysis of investment proposals. The evaluation procedure is complicated, however, when dealing specifically with mining-related investment proposals. These complicating factors are invariably directly related to the many special characteristics of the mining industry. Many of these special features such as tax policies, revenue and cost estimation, and ore reserves have been addressed in previous chapters. In addition to the many special features of mining which directly impact, in a quantitative manner, the various line items in the pro forma income statements of a cash flow analysis, other features of mining affect evaluation procedures in a more general manner. The main purpose of this chapter, then, is to provide an exposition of some of these more qualitative factors. We hope this will enable the reader to recognize these factors in mine evaluation practice and to make suitable adjustments in his or her analysis.

Jan 1, 1984