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By Howard M. Wells

Portfolio theory and the Capital Asset Pricing Model (Modigliani and Pogue, 1974) provides an investment decision rationale which takes account of the benefits of diversification in reducing effective risk, but this theory does not consider the financial capability of the firm to survive large losses if they should occur. The LL-curve theory (Wells, 1976) takes the latter consideration into account, but it does not provide for the effects of diversification. This paper pro- poses a general theory to account for both diversification and the financial capacity of the firm to underwrite the investment risks.

Jan 1, 1983

By Kenneth L. Maloney

Ten small and intermediate-sized [11 GJ/hr to 264 GJ/hr (10,000 lb/hr steam to 250,000 lb/hr steam)] coal-fired boilers in the upper Midwest have each been tested on both a bituminous eastern coal and a subbituminous western coal. The purpose of this study was to determine the feasibility of substituting western subbituminous coal for eastern bituminous coal as a means of reducing the SO x emissions from this class of boiler and to demonstrate the feasibility of greatly expanded western coal utilization as a means of reducing the use of oil and gas. The scope of this study was such that the representative boiler types were tested on both eastern and western coal for a period of time sufficient to completely characterize their individual emission and operational characteristics.

Jan 1, 1977

By B. J. Arnold

Prior laboratory work has demonstrated -that much of the fine ash-forming minerals entering a flotation froth are there as a result of water carry-over from the bulk contents of the flotation cell (Arnold and Aplan, 1986a). Using a bank of four 300 cu ft WEMCO flotation cells cleaning a well-liberated Lower Kittanning seam coal, test results show that the sulfur and ash content of the froth is directly related to the water content of the froth (or inversely related to the percent of solids in the froth). Reagent changes which result in a watery froth produce a higher ash content in the froth. A direct comparison of laboratory and plant results show that the standard laboratory flotation test produces a product higher in sulfur and ash than that produced in the plant. Caution should be exercised when extrapolating laboratory test results to the plant situation. A method of estimating coal flotation product quality in the plant based on laboratory tests is given.

Jan 1, 1990

By Elgin D. Bell

Within the next, year or two, Western Canada should overtake Mexico and France. to become the worlds second largest producer of elemental sulphur, surpassed only by the United States, By 1965, it should produce about 25% of the world's total elemental production and, about 10% of sulphur produced in all forms. In 1952 Alberta had but one small sulphur recovery plant. By 1962, it had fifteen plants with a total designed capacity of almost 6,000 long tons of sulphur per day and actual production of almost one million long tons per year. This decade of dynamic growth was the result of Alberta's rapidly developing natural gas industry. More particularly it was the result of approval in 1960 to export natural gas in large volumes into the United States. Prior approval to export gas from Alberta to eastern Canada and relatively modest volumes to the U. S. had resulted in the construction of several plants but none were of the scale required to serve the U. S. market.

Jan 1, 1963

By Juan L. Sepulveda

An MPSI KW-20 Tower mill has been tested at the Butte Molybdenum plant of Anaconda Minerals Company, as a substitute for the conventional 1.5x3.0 m (5x10 ft) tumbling ball mill currently used for regrind purposes. The Tower mill was operated in both open and closed continuous circuits. These results were complemented with a series of batch grinding tests to determine some of the operational features of this mill. The relative grinding efficiency of the Tower mill with respect to the tumbling ball mill was determined and the applicability of this new mill to a plant/heavy duty environment was assessed. Experimental results obtained on the regrind of moly concentrates indicate that approximately 40% energy savings can be realized by using the Tower mill instead of the ball mill.

Jan 1, 1984

By R. P. Fischer

Traditionally, molybdenum and vanadium have been used chiefly as alloy metals in steel. They impart similar characteristics to most steels, and to some extent one can be substituted for the other. In the United States during the 1950's the production of steel increased about 5 percent, and the reported consumption of both of these alloy metals in steel increased some 40 percent. In Europe during the 1950's the production of steel in¬creased nearly 100 percent. Data on the actual consumption of these alloy metals in European steels are not available, but production and trade records show that the European supplies of molybdenum increased about 150 percent and those of vanadium about 350 percent during the 1950's. If most of the molybdenum supplies in Europe are being added to steel, as seems likely, then the European steel industry has nearly caught up with the United State in the rate of consumption of molybdenum in steel. The vanadium supplies, on the other hand, are puzzling--unless Europe is adding mach more vanadium to steel than is done in the United States, it seems reasonable to assume that other uses are consuming moderately large quantities of this metal or that appreciable amounts of it are being transshipped from Europe. To the extent that a changing volume of supply signifies a changing pattern of use, the increased demand for molybdenum and vanadium in Europe should be of interest to domestic producers and consumers of these metals.

Jan 1, 1964

By Ernest M. Spokes

Maximum fan efficiency can only be obtained when the fan has the correct combination of size, speed, and blade setting to provide the required flow of air against the mine resistance. As the mine grows older, resistance decreases unless old workings flow is restricted, and new combinations of speed and blade setting or different fan sizes may provide greater economy.

Jan 1, 1977

By Stewart R. Wallace

In the spring of 1959 while visiting the offices of the US Geological Survey (USGS) in the Denver Federal Center, I had a chance encounter with Paul Theobold, a former but, at that time, casual associate. Paul mentioned to me the results of his work on stream sediment geochemistry (Theobold and Thompson, 1959). Using panned concentrates, Theobold and Thompson had discovered a tungsten anomaly in Clear Creek and followed it upstream to its source on Woods Creek, a small tributary to the West Fork of Clear Creek. The specific source was a debris cone about 0.8 km (0.5 mile) upstream from the mine yard at the Urad molybdenite deposit. Because of the genetic and zonal association of tungsten and molybdenum at Climax, I found this very interesting. Accordingly, I related this information to Robert Henderson, general manager of western operations for Climax, and asked his permission to do some follow-up work. He, in turn, telephoned Frank Coolbaugh, the president of Amax, telling him of my interest and saying that, "Climax would take care of it." On my first visit to Urad, my companions (Dave Jonson, Bruce MacKenzie, and Dick Baker) and I were confronted by a "Cousin Jack" caretaker who made up for his diminutive stature by a "pistolover" that hung down almost to his knee and by a watchdog that was one-half wolf and one-half mean sled dog. We retreated discretely to Clear Creek and then climbed up the "back" side of Red Mountain by separate routes, across the ridge crest, and part of the way down the "front" side, sampling as we went. Although much of the ground was covered with snow, we found lots of puzzling but friendly looking rocks and the geochemical results were interesting. A geologic map of central Colorado showing the location of the Urad-Henderson and Climax deposits is shown in Fig. I.

Jan 1, 1991

By W. K. Dressel

Over 2 million tons of steel furnace dusts are produced each year in the United States. Recycling of these dusts rather than disposal would conserve mineral resources, reduce land requirements for disposal, and decrease pollution. In addition to the iron content, the dusts contain appreciable amounts of zinc and lead. Removal of lead and zinc with simultaneous reduction of Iron oxide has been achieved by inert atmosphere roasting of carbon-containing pellets prepared from steel furnace wastes. High- and low-carbon wastes were blended to obtain mixtures with sufficient carbon to serve as a reductant during subsequent roasting. The mixtures were pelletized with the addition of bentonite and water, and the dried pellets were roasted in a stream of nitrogen at temperatures ranging from 900" to 1,150° C. Zinc and lead contents were reduced to the 0.1 percent level or less by roasting mixtures containing as little as 7 percent carbon for 1 hour at 1,100° C. ton metallization increases with available carbon content; 50 percent metallization is achieved with 7 percent carbon, 85 percent metallization with 12.5 percent carbon, and over 95 percent metallization when the pelletized mixtures contained in excess of 20 percent carbon.

Jan 1, 1973

By R. Schipper

Two bench scale biochemical reactors (BCRs) were operated over a period of 3 months for the removal of uranium, radium, and selenium from mining influenced water (MIW). A BCR is an anaerobic reactor comprised of organic and inorganic substrate including woodchips, straw, sawdust, and limestone. Uranium and selenium are removed in a BCR by biological reduction of oxidized species (i.e., selenite, selenate) to less soluble forms (Pahler et al. 2007, Blumenstein et al. 2008, Rutkowski et al. 2013). It is believed that radium may be removed through absorption to the biomass in the BCR. The bench scale BCRs were constructed of 6 inch PVC columns with a top to bottom flow configuration. The bench influent water consisted of three different water ratios from two adit seeps. BCR hydraulic retention times of 24 to 36 hours were targeted during the study. Influent concentrations ranged from 19 ug/L to 1.86 mg/L for dissolved uranium, 12 ug/L to 270 ug/L for dissolved selenium, and 4.9 pCi/L to 24 pCi/L for radium 226. The average and maximum dissolved uranium removal was 93.6% and 98.5% respectively, the average and maximum dissolved selenium removal was 93.3% and 98.9% respectively, and the average and maximum radium 226 removal was 89.5% and 100% respectively.

Feb 23, 2014

By S. Maurigiannakis

In an effort to promote sustainability in the construction industry, the natural decorative stones that cover large external areas of buildings may be replaced with artificial stones. In this paper the physical and mechanical properties of artificial decorative stones are presented and are critically compared with corresponding natural stones. To test suitability for various applications, artificial stone specimens were subjected to weathering testing (freezing-thaw cycles in a climatic chamber). Mechanical characterization of these specimens was based on uniaxial compressive testing as well as non-destructive ultrasonic testing. Preliminary results show that artificial stones can replace natural stones, thus creating a sustainable development option for the construction industry.

Jan 1, 2003

By Keros Cartwright

Sanitary landfilling has become one of the most widely used methods of disposing of solid refuse. A principal concern of regulatory agencies and the public itself is that landfill operations do not degrade the physical environment, including water resources, and the ground-water reservoir in particular. Ground-water and engineering geology can guide landfill operations into suitable terranes or develop measures to compensate for any natural limitations at a particular site Experience and research in Illinois suggest four activities relating to landfill disposal that warrant attention by geologists and engineers: (1) Regional delineation of favorable and unfavorable hydrogeologic conditions to facilitate planning and preliminary screening of potential landfill sites. (2) Site evaluations, with considerations of geologic materials, topography, water levels, flow systems, and local occurrence and use of water resources. (3) Re- search on aspects of the hydrogeologic environment that control effects of, or are modified by, landfills. (4) Formulation of practices in the siting, construction, and operation of landfills that prevent, mitigate, or isolate deleterious effects. The first two activities are basically in the domain of earth science, requiring the application of fundamental concepts of geology and hydrology and conventional site-exploration methods. The third activity, research, requires contributions from geology as well as other disciplines, including soil physics, sanitary engineering, and chemistry. The fourth calls for policy decisions by regulatory agencies and elected officials, using the contributions of scientists and engineers.

Jan 1, 1970

By James S. Browning

The Mineral Resources Institute of The University of Alabama conducted research on the removal of sulfur from coal using a combination of gravity concentration and flotation methods. The research utilized the gravity and centrifugal force capabilities of the Humphreys spiral to remove part of the pyritic sulfur and ash. Flotation of the Humphreys spiral coal concentrate removed additional sulfur and ash to yield products that conform to Federal air quality standards for sulfur oxide emissions. The clean coal products recovered by the combined process contained 7.7 to 8.0 percent ash, 0.12 to 0.16 percent pyritic sulfur, and 0.78 to 0.96 percent total sulfur. Pyritic sulfur rejection by the process was about 95 percent. In addition to obtaining good recoveries of high quality coal the tests demonstrated that the pyrite in the wastes could be isolated as enriched flotation products by the combined gravity - flotation apporach. Pyrite concentrates analyzing 25 to 33 percent sulfur were recovered. Potential benefits of the pyrite flotation step are recovery of a product of possible market value and the elimination of the pyrite from the waste ash which could be a potential acid water problem when impounded.

Jan 1, 1981

By Langtry E. Lynd

The titanium industry is based on the unique properties of titanium dioxide and titanium metal. Because of its whiteness, high refractive index and resulting light scattering ability, titanium dioxide in its two main allotropic forms, rutile and anatase, is the predominant white pigment for paints, paper, plastics, rubber, and various other materials. Titanium metal, because of its high strength/weight ratio and resistance to corrosion, is widely used for aircraft, both in airframes and engines, for powerplant surface condensers, and a wide variety of chemical processing and handling equipment. U.S. production of titanium dioxide pigment in 1979 was about 658,000 tons - 2/, valued at about $770 million. Net shipments of titanium mill products were around 19,000 tons, worth about $380 million. These two major uses account for over 96% of domestic titanium consumption. The third largest application, the use of rutile for coating welding rods, required about 9,500 tons of rutile concentrate, worth about $4 million. Other applications of titanium-bearing raw materials include the manufacture of titanium carbides, ceramics, and chemicals, and the recently developed use of ilmenite as a substitute for barite in well-drilling muds.

Jan 1, 1980

By M. SIDDARAJU, Rameshwar Sah, Satendra Kumar, Arvind Jaiswal

The study explores a novel process to sinter porous iron ore with improved productivity and quality. The iron ore is pre-processed with calcined lime to temporarily close pores, preventing water absorption during granulation. This enhances reaction kinetics and early slag formation during sintering, resulting in significant improvements in sinter productivity, product yield, and cold strength property.

Feb 28, 2022

By Fred C. Bond

Any improvement in the accuracy of commercial comminution calculations under the Third Theory must be accomplished either by increased precision in energy input measurements, or by a better evaluation of the total new crack length produced, as indicated by the feed and product size distributions. Since at the present time feed and product sizes are approximated solely by the microns 80% passes, the most promising opportunity for increased accuracy lies in consideration of their plotted size distribution characteristics. This paper shows how more accuracy can be obtained over an increased range of feed and product sizes from size distribution studies.

Jan 1, 1962

A virtual reality approach is presented that can aid entities such as mining companies and land use planners in communicating a visual understanding of a mining operation to interested stakeholders, citizens? groups, and public committees. These visualizations are particularly useful in permitting, production planning and mining closures, contributing to accurate communication and evaluation of mine plans, ultimate land use and evaluation of potential design options A case study is presented, that was created using commercially available virtual reality tools, to emphasize the benefits of visualization technologies in the sustainable development of mineral resources.

Jan 1, 2003

By Bruno Bussière, Michael Aubertin, Robert P. Chapuis

Covers with capillary barrier effects (CCBE) have been used in recent years as gas barriers for the isolation of wastes, including reactive mine tailings. Capillary barrier effects help to maintain a high degree of saturation in the moisture retaining layer, which then reduces gas flux. Various factors affect the degree of saturation of the moisture retaining layer in a CCBE, such as the material water retention characteristics and layer thickness. Slope geometry can also influence the hydrogeological behaviour of a CCBE, but this factor has frequently been ignored in the past. In this paper, the authors show some results of a numerical study that illustrates the influence of slope on the behavior of capillary barriers made of different types of material. The numerical model calculations are based on an actual case of a CCBE constructed in northern Quebec. This investigation shows that the water content profile is greatly affected by the position along the slope. Thus, it is necessary to evaluate the influence of the geometry to properly establish the performance of a cover system.

Jan 1, 2000

By C. J. Veal, C. I. House, S. R. Bellamy

INTRODUCTION Coal gold agglomeration (CGA) is a new concept in gold processing. It involves the recovery of oleophilic (oil-loving) gold grains by causing them to adhere selectively to the surfaces of coal oil agglomerates. Under optimum conditions very high recoveries of gold. can be achieved. The agglomerates are recycled to build up gold loading to typically 1000 - 5000 g/tonne. Bullion can be produced by burning the loaded agglomerates with subsequent recovery of gold from the highly loaded ash either by dissolution/electrowinning or smelting. A wide-ranging programme of laboratory testwork has been performed to investigate the response of different ore types to the process. This has shown CGA to be most applicable to ores in which the gold is liberated or easily liberatable, relatively coarse (ca 500 µm) and fine (<5 µm) gold grains being recoverable with equal ease. The best opportunities for CGA seem to be: • placers containing fine gold not recoverable by gravity concentration • low grade gravity concentrates to avoid multiple magnetic/gravity separation stages and amalgamation • free milling ores where the gold can be liberated at a reasonable ore particle size eg >d80 50 µm • tailings past or present from gravity concentration plants. CGA testwork ranging in scale from laboratory to pilot plant on tailings produced by gravity concentration in the 19th century Australian gold rush has already been reported (Bonney, C F, 1988; House, C I, Townsend, I C and Veal, C J, 1988). An economic appraisal for a Canadian free milling gold ore has also been published (Buckley, S A, House, C I and Townsend, I G, 1989). This paper describes results of a detailed laboratory programme to assess CGA as a means of recovering gold from a beach sand deposit in New Zealand. The area from which the samples were taken consists of quarternary interglacial marine, lagoonal, fluvial and eolian deposits. The heavy minerals present are predominantly ilmenite and garnet and small concentrations of gold. In certain locations the sands and gravels are consolidated by a limonitic cement. In the 19th Century some parts of the deposit were mined and the ore processed using stamp milling and gravity concentration. Gold recoveries were low, probably below 50%, due primarily to the fine size of the gold grains, the flaky nature of the gold and also imperfect liberation by the stamp mills. Our laboratory testwork was divided into three parts: i) Preliminary studies on an initial sample to assess the feasibility of treating the ore by CGA ii) Extended studies on further samples from various locations in the deposit to confirm predictions from (i) iii) Conventional gold recovery techniques. EXPERIMENTAL PROCEDURES All CGA tests were performed by agitating a slurry of ore in water in a 0.6 dm3 pyrex beaker fitted with four vertical baffles. When required, potassium amyl xanthate collector was added and the slurry conditioned for 5 min. Coal (ex BP Coal Australia&apos;s Tahmoor Colliery) previously ground to a d80 50 µm was added followed by a commercial grade of gas oil (density 840 kg/m3). The agglomeration time was 30 min. The agglomerates were separated from the tailings by screening, both were then dried and analysed for gold by fire assay. This test procedure provides a reasonably accurate estimate of gold recoveries that might be expected from our 1 tph pilot plant. Ore samples were ground either dry in an agate ring disc mill or wet in a steel batch tumbling

Jan 1, 1989

By W. W. McClintock

A column flotation system was designed to conduct release analyses of a very finely disseminated, stratiform, copper ore from the Denali Copper Prospect, Alaska. Chalcopyrite is finely disseminated in a carbonate matrix and pyrite is disseminated in both the chalcopyrite and gangue, requiring grinding to 20 microns for adequate liberation. A 25 mm x 2.4 m glass flotation column was designed. The ore and its flotation tailings were repeatedly floated to obtain a rougher concentrate, which was repeatedly floated to produce release fractions. These were analyzed for copper, iron calcium and magnesium. Release curves were plotted. The procedure was replicated at each of two grinds; 99% and 88% passing 37 microns (400 mesh), and should find application for flotation characterization and process selection. Bond grindability work was also conducted.

Jan 1, 1994