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By Stuart Hammer

The mining industry has seen a flurry of merger and acquisition activity of late. Rising metal prices, increased spending on infrastructure in developing nations and the growing demand for companies to diversify have helped fuel M&A activity in this industry. Many analysts believe that the robust M&A activity will continue, particularly if the demand for mineral resources in India and China remains strong. Because prospective purchasers need to evaluate the various risks confronting target companies, acquiring mining companies requires a considerable amount of due diligence. Of these risks, environmental risk is critical and warrants significant analysis. The failure to properly assess environmental risks associated with remediation, reclamation, compliance or litigation can undermine the transaction. Such assessment is a difficult endeavor, however, due to several challenges that companies face when assessing environmental risks. To make matters more complicated, despite these challenges, many sellers ask buyers to assume all environmental risks with limited post-closing indemnification rights. This article addresses the most significant issues that commonly arise when conducting environmental due diligence and allocating environmental risk in connection with M&A transactions in the mining industry.

Jan 1, 2008

By K. H. Al-Rawahy

Appreciation and awareness of the unique nature of mineral investment and ultimate development of a mine are crucial in promoting sustainable development. Special characteristics of mineral development include high capital intensive, long pre-production period, high risk, and the unavoidable ?economic? depletion. This paper examines ways to integrate these unique attributes of the mineral industry into the educational process, so that a properly advised and knowledgeable culture in terms of a sustainable mineral industry can be developed. Specific approaches are investigated in order to achieve this objective. These include a stochastic evaluation of a mineral investment proposal, adding a premium to the cost of capital that is used for valuation process, and internalizing incidental costs to the private cost function, thereby realizing the true (vs. apparent) marginal social cost of the proposed development. Undoubtedly, a total evaluation of any mineral project that accounts for both tangible and intangible parameters will contribute to sustainable development objectives. By incorporating the practical application of apparent theoretical topics such as risk, probability, and externality, and their relevance and impact on mineral lifecycle (prospecting, exploration, development, exploitation, use, and ultimate disposal) into the educational process, it is hoped that a generation of technocrats and decision makers that are familiar with and concerned about sustainable development will emerge.

Jan 1, 2007

By C. Abbruzzese, L. Piga, P. Fornari, S. Ubaldini, R. Massidda

The effects of certain variables on the extraction of gold by thioureation have been investigated on a quartzose gold-bearing ore using a statistical multifactorial strategy. The factors taken into consideration were milling time (which corresponds to a given grain size), oxidant concentration, thiourea concentration and liquid/solid ratio. The influence of these four variables was ascertained first by a full factorial design at two levels for each variable (16 runs). This permitted the estimation of first-order effects of the factors affecting the process. Then 9 runs were added whose levels were both in the centre of and outside the axes of the previous plan thus originating a central composite design. This permitted estimation both of second-order effects of the factors involved and of parameters of a second-order polynomial model. The results show that extraction of gold depends only on milling time and oxidant concentration, at least in the experimental range considered. The equation fitting experimental data, as calculated by the least squares method, allows a response surface to be drawn. Due to the low gold grade of the ore (6 ppm) statistical analysis could lead to contradictory results, hence strict observance of Gy's rules for sampling and very accurate and precise chemical analyses were required.

Jan 1, 1995

By Walter G. Steblez

The countries of Eastern Europe are former members of the Council for Mutual Economic Assistance (CMEA). Geographically, they are located in Central Europe (Poland, Hungary, Czechoslovakia) and Southeastern Europe, largely in the Balkans (Yugoslavia*, Bulgaria, Romania and Albania*). It is important to remember that all of the countries of Eastern Europe had central planning imposed on them by the Soviet Union during the years following World War II. "Stalinist" policy for industrial development had three important tenets: • central economic planning, or a nonmarket-based command economy with administratively set prices; • economic priorities that stressed the development of heavy industries such as mining, metallurgy (steel) and heavy machine building; and • self-sufficiency at all costs, which was aimed at abolishing reliance on the world capitalist market, or reducing it to a minimum. Essentially, the system of industrialization that was used in the Soviet Union in the 1930s and 1940s was imposed on Eastern Europe. Organic market economic development in Eastern Europe ceased during this period. The flaws of this experiment became apparent when mineral processing facilities were set up in many areas of Eastern Europe that did not have reliable resources. Poland, Hungary and Romania are good examples of this situation. The Soviet Union became the principal supplier of iron ore and other minerals and mineral fuels, not only to these countries but to the Bloc as a whole.

Jan 1, 1992

By I. S. Parrish

Reserve audits have increased in recent years as more companies, especially juniors, enter the ranks of producers. Corporate and individual investors are seeking corroboration of stated reserves. The reserve audit satisfies this need. An audit assures investors that the reserves, as presented, are a reasonable and accurate approximation of the quantity and grade of the economically viable material present. The reserve audit verifies that there are no fundamental errors in logic, style or the data base, and that the reserves, as given, may be used for mine planning or economic forecasting. Reserves that pass an audit may be used with confidence in preparing cash flow projections and in deriving net present value or internal rate of return on any given project. This article describes what a consultant does while performing the reserve audit. In performing an audit there are four general areas of concern that must be checked: definitions, parameters, data and procedures. In each of these, the auditor must convince himself that the reserve study has complied with governmental regulations and guidelines, professional standards and industrial practices. Any deviation from these norms must be identified and its effect upon the appropriateness of the reserves evaluated. By concluding that a reserve study passes his audit, the reviewer is stating that there are no fundamental errors in logic or style and that spot checks have revealed no substantive errors in procedure or mechanics. The responsibility for the reserves remains with the entity that compiled the original study.

Jan 1, 1990

By J. W. Danni

Today's mining industry faces many challenges. Perhaps none is more important than the challenge of improving our industry's public image. Opinion polls document public concern for a clean and safe environment. As part of that public, the mining industry must share that goal. The public is now the most powerful environmental group in society. And the public wants the environment to be protected. In May 1989, Edgar S. Woolard, chairman of DuPont, spoke to the American Chamber of Commerce. He said that industry's continued existence "requires that we excel in environmental performance and that we enjoy the non-objection - indeed even the support of the people and governments in the societies where we operate." In effect, Woolard called for "corporate environmentalism." He defined it as an "attitude and a performance commitment that places environmental stewardship fully in line with public desires and expectations." Environmentalism is no longer a fringe activity, but rather is now clearly in the mainstream. How can we meet public expectations and improve our image as an industry? One of the best ways is to plan, design and operate our mine facilities with environmental responsibility and social concern. The Mineral Hill Mine provides a good case study of a facility that has made this commitment. The project used an inter-disciplinary, multiagency task force, citizen advisory groups and engineering and design considerations. As a result, Mineral Hill achieved cost-effective permitting. At the same time, the operation demonstrated effective "corporate environmentalism."

Jan 1, 1992

By E. Yiğit, M. N. Saridede

Correction to: Mining, Metallurgy & Exploration. https://doi.org/10.1007/BF03402385 The original online article has been revised to correct the author names. Publisher’s Note Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. The online version of the original article can be found at https://doi.org/ 10.1007/BF03402385 * M. N. Saridede theng@smenet.org 1 Metallurgical and Materials Engineering, Yildiz Technical University, Istanbul,

Dec 23, 2021

By A. E. Hall, D. M. Mchaina

This paper outlines a proposed research project to investigate secondary sulphide ignitions. Sulphide dust explosions have resulted in loss of production and considerable capital and equipment replacement cost in Canadian mines. The practical application of laboratory test results to actual mine situations presents a complex problem and is a field requiring immediate investigation. The factors contributing to the outbreak of sulphide ignitions are not clearly understood. This indicates a need for future research to study the influence of blasting parameters, exhaust temperatures, and dust characteristics on secondary ignitions at source. The aim is to establish realistic quantities for each of the parameters and develop a model that will incorporate field and laboratory quantities. It may be possible to predict outcomes of sulphide ignitions when the parameters are known. It is also planned to study the techno-economic feasibility of the preventive and control methods. One aspect of planned future research requires quantification of some terms by obtaining measurements of pollutant concentrations and size distribution of the airborne dust in an underground environment immediately after a main blast. A blast-proof aerosol sampling package to measure the source term will be designed. This sampling package will consist of a sampling section and a shield which will be capable of withstanding a blast explosion. The accuracy in measuring the variables and combination of variables will be the main focus in this proposed study.

Jan 1, 1987

By R. V. Johnson

The review of mineral activities in Minnesota arrived too late to appear in the May issue. Minnesota continued to lead the nation in iron ore production in 1989 with more than 70% of the market. At no time in the past 50 years has Minnesota's iron ore market share fallen below 50%. 1989 production was provided by six iron ore pellet operations and one high-grade iron ore mine. Most American steel companies are represented in these operations through whole or partial ownerships in Minntac (USS), Minorca (Inland), Eveleth Mines (Armco and Rouge), Hibbing Taconite (Bethlehem), and LTV Steel and National Steel Pellet. A seventh iron ore pellet producer started up in 1989 when Cyprus Minerals acquired the assets of bankrupt Reserve Mining Co. This operation, with first production scheduled for 1990, will be the only non-steel company captive operation in Minnesota. Encouraging minerals development In an attempt to stimulate further and additional mineral development in Minnesota, the state's legislature established a Minerals Coordinating Committee (MCC). This committee is comprised of the Department of Natural Resources-Division of Minerals, the Minnesota Geological Survey, the Natural Resources Research Institute, and the Mineral Resources Research Center. The Committee has sponsored and coordinated various projects. Among these MCC-sponsored projects are glacial drift geochemistry with an emphasis on gold and indicator minerals, accelerated geologic mapping, continued aeromagnetic surveying of Minnesota, greenstone geochemistry, structure and stratigraphy of the Duluth complex, and drill core and exploration data acquisition from past exploration programs. Regarding drill core, the Division of Natural Resources completed construction of its third core library building in Hibbing. These data and core are available for public examination.

Jan 1, 1990

By Peter Halbach

Cobalt-rich ferromanganese crusts are one type of the two oxidic metallic mineral resources in the deep ocean that incorporate metals supplied and transported from both land (aerosols, continental run-off) and sea sources (oxygen-minimum zone, hydrothermal alteration of the oceanic crust). The substances directly precipitate from cold seawater under more or less oxic conditions and form thin layers (2 up to 25 cm thick) on hard substrate rocks like volcanic hyaloclastites, weathered basaltic rocks and/or carbonate-fluorapatite; in the crusts many metals therefore exist in the highest state of oxidation. Deposits of the Co-rich ferromanganese crusts are found throughout the global oceans on the flanks, terraces and summits of seamounts and submerged volcanic mountain ranges and platforms, where the ocean currents have kept the seafloor more or less free of sediment for millions of years. The process of hydrogenetic precipitation is basically an inorganic colloidal-chemical and surface-chemical mechanism. Elements in seawater may occur as dissolved hydrated ions or as inorganic as well as organic complexes which in general have either a positive or a negative surface charge depending on the pH of the respective aqueous environment. Those complexes may form hydrated colloids that interact with each other and with other dissolved hydrous metal ions. Hydrated cations such as Co, Ni, Zn, Sn are, for example, attracted by the negatively charged surfaces of colloidal hydrous Mn-oxide particles, whereas hydrated anions (e.g. oxyanions) and elements forming larger complexes with low-charge densities (e.g. U, As, Th, Hf, REE) are attracted by the slightly positively charged hydrous Fe oxihydroxide particles.

Jan 1, 2008

By Robert Moore Lewis

A unit for separating minerals Into two prescribed size fractions, designated as a Lewis Hydrosizer, was developed at the North Carolina State University Minerals Research Laboratory Ore samples with different mineral compositions, including coal, were separated effectively with the laboratory continuous unit Commercial size units are in operation in North Carolina and Mexico, and under construction In Norway Additional units are being built or are in the planning stage at several companies.

Jan 1, 1983

By P. K. Gbor

Over 2 million tonnes of smelter slags containing Co, Ni and Cu are produced and stockpiled in Canada each year. Smelters also produce SO2 an air pollutant. Recycling these materials will maximize the value of natural resources and minimize possible environmental impacts of industrial operations. The objectives of this research were to understand the characteristics of slag, the reaction of slag with SO2(aq) and to develop a novel method for extracting Co, Ni and Cu from slag using SO2. The properties of slags from different smelters were studied, with emphases on the form of Co, Ni, Cu and Fe. Leaching experiments were carried out in a batch reactor. The parameters investigated included concentration of SO2(aq), stirring speed, particle size, temperature and pH. O2 was introduced into the reactor to study its effect on the system. The amount of each of Co, Ni and Cu in all the slags was less than 1%, while Fe was between 30% and 45%. The form of Co and Fe was primarily oxide, however, significant portions of Ni and Cu were present as sulphides. SO2(aq) alone, was effective in leaching Co and Fe. Cu dissolution was negligible due to precipitation. The presence of O2 improved Cu and Ni extraction. SO2(aq) was found to be more effective in leaching slag than H2SO4 at the same pH. The leaching process was modelled using the shrinking core model. A scheme was proposed for the extraction of Co, Ni and Cu from slag using SO2(aq). The process makes efficient use of SO2, separates Co and Cu at an early stage, and minimizes the consumption of base during Fe separation.

Jan 1, 2003

By D. L. Petersen, C. R. Nelson, P. M. Bergson, B. K. Nelson

Membrane waterproofing systems in large tunnels cause the partial decoupling of the concrete liner from the rockbolted and shotcreted reinforced rockmass. This decoupling leads to a loose fit of the liner in the excavation when shrinkage from cooling and moisture loss occurs. This increases tensile stresses which require either the addition of reinforcing steel in excess of common European practice or the potential for liner cracking. Hot weather concrete placement and cold weather service conditions increase the magnitude of the problem, while creep of the rockmass reduces it. Contact grouting also reduces, but does not eliminate, the problem.

Jan 1, 1991

By Daniel P. Coughlin, Robert C. Thomas, Christopher S. Romanek, Kristian W. Paul

Two separate constructed treatment wetland (CTW) systems receiving the same metal contaminated, acid sulfate water over different lengths of time and at different rates were evaluated for metal attenuation. Both wetlands are the alkalinity generator portion of a succesive alkalinity producing system (SAPS). Sequential extractions are employed to determine phases of metal removal. Results indicate that Fe, Al, Zn, Ni. and Cu accumulate in the organic substrate over time. Manganese accumulates initially, but is not retained in the system over time.

Jan 1, 2000

By Andy W. Stephens, William H. Langer

In Australia and America, encroachment by conflicting land uses, zoning restrictions, and the "not in my backyard" syndrome make it increasingly difficult to access high-quality aggregate resources located near the market areas. Attempts by government agencies in America to protect aggregate resources for future development have met with varying degrees of success. The State of Queensland, Australia, designates aggregate resource areas as Key Resource Areas, which protect the resource and the routes to transport the resource, provide a separation area from incompatible land uses, and indicate the likelihood that the area is free from conflicting social or environmental issues.

Jan 1, 2005

By Ronald S. Tanaka

In the planning stages for a dozen years, the 9.11 mile long Mount Macdonald Tunnel is the focal point of the $600 million dollar Rogers Pass Project. The paper will discuss the construction of the tunnel that is being carried out from both ends. The eastern portion contractor has used a tunnel boring machine to excavate the upper part of the tunnel and at the west end contractor selected the conventional drill and blast method. A ventilation shaft located near the mid point is the main part of a ventilation system unique in the Western Hemisphere.

Jan 1, 1987

Compared to alternative ways of dealing with coal fines, oil agglomeration has always been a commercial bridesmaid and never yet a bride. Yet interest is high in the process, as shown by a number of pilot plants in operation that are funded by industry as well as government. In the past in the US, alternative ways to handle coal finer than 100 to 200 mesh included flotation, or no treatment except dewatering, or discarding the fines as waste. There are now a number of factors that tilt the economics more toward fine coal recovery. Today, the cost of mining a ton of underground coal runs from $22-30, and discarding even 10% as unrecovered fine coal is a real economic loss. A number of attempts (notably by EPRI) have been made to quantify the effect of coal cleaning on utility boiler operations. Transportation and ash handling costs, frequency of unscheduled outages, fouling and slagging problems, and boiler tube erosion are all lowered by cleaning coal. The advantage of coal cleaning on these parameters has been shown, but the dollar amount varies with many assumptions and is difficult to pin down. The message to a utility, however, has not been lost and the trend toward cleaner steam coal is accelerating. This may lead to fewer installations that only wash the coarse coal, and add back the unwashed fine coal until a maximum contractual ash limit is reached. And, as the proportion of coal fines continues to increase by continuous and longwall mining, it may become impossible to clean the coal sufficiently without cleaning the fines. Flotation and oil agglomeration are the only processes that presently deal directly with cleaning the very finest coal fractions. Flotation has proven its effectiveness in cleaning blackwater and in separating fine coal from mineral matter. It has the achievable potential for far greater pyrite rejection than is now obtained in commercial preparation plants. While flotation will continue to be the predominant method for fine coal cleaning, there are conditions and opportunities where oil agglomeration can be a

Jan 8, 1980

By J. R. Palmes

Flocculation of coal fines with varying degrees of wettability was studied under well defined hydrodynamic conditions. In this study, three coal samples were tested with three different flocculant types. The results revealed that flocculation depends strongly on both the coal surface properties and the type of flocculant used. A hydrophobic flocculant was found to be effective for hydrophobic and slightly oxidized coal, a semihydrophobic flocculant was found to flocculate, to different extents, all of the samples except the oxidized cool, and polyacrylimide flocculated all of the coals, which is a clear indication of its insensitivity towards coal wettability.

Jan 1, 1994

By J. den Drijver, M. Opahle, R. Inderst

Safety reasons render necessary the advanced calculation of the amount of methane degassing from a longwall in the scope of the ventilation planning of mines. Today empirical methods, which are based on observations of operational procedures, are used for the calculation of the amount of methane. Despite of constant improvement those calculations are not always sufficient. In particular calculations which are based on operational facts but not proved by experience are not reliable. Most of all these calculation procedures lack physical-analytical descriptions of the procedure itself, presenting only the effects on important parameters such as the distance between seams in the roof or floor or gas pressure. Tschersich [Tschersich 961 developed an analytical model for an advanced calculation by analysing the degassing of seams in the roof and floor and the physical parameters of gasflow. This model might correct the lacks of existing procedures and improve the precision and reliability of additional calculations. The model simulates the emission record in seams of the roof and the floor. It takes into account not only a multitude of parameters such as the distance to adjacent seams and gas pressure but also the depth of seams, gas content, rank of carbonification, rock temperature, face advance rate, initial and succeeding mining and the face length. In order to comprehend and to verify those correlations we extended the model of Tschersich and programmed this enlarged model using the computer language C++. Aim of this research is to guarantee a much higher accuracy in calculating methane emission caused by mining. The improved planning is expected to result in more safety and better prevention of high methane con- tent in ventilation as well as in a better use of the capacity of the mining equipment. The application [Drijver, lnderst 961 of the ex- tended model will also be very useful in the course of research projects as it allows computer simulation, i.e. in-situ research can be extensively limited or even replaced.

Jan 1, 1997

By Mayank Srivastava, Satya Harpalani

Production of methane is an inevitable consequence of mining coal. Although the number of mines practicing recovery of methane prior to, or during, coal mining is increasing, ventilation air methane (VAM) is still a significant source of methane addition in to atmosphere. Recent studies have shown that there are ways to recover the VAM energy, while simultaneously reducing the methane emission in to atmosphere. This paper discusses a case study, currently underway, to develop a technique to quantify the VAM emission from a mine. It also presents the different VAM utilization techniques and the suitability of one for the mine being studied. Finally, the paper summarizes the research issues that require further investigation.

Jan 1, 2005