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By James H. Boettcher

INTRODUCTION A complex interaction of worldwide economic and political forces is increasingly requiring 3 primary participants for the successful development of large natural resource projects in developing countries. They are the host government of the developing country (the "host government"), one or a consortium of international natural resource companies, (the "Resource Company") and one, or more likely, a syndicate of international lenders. The host government typically controls the rights to its country's natural resources and establishes the economic ground rules for their development. However, because of worldwide inflation and the depletion of easily accessible, high-grade resources, the nominal and real capital development and operating costs of projects have been spiraling. Moreover, the depletion of high-grade and mineralogically uncomplicated resources also raises the technical and operating risks associated with resource recovery. Thus, despite increasing political self-consciousness and economic nationalism in developing countries, international resource companies are still often necessary project sponsors since they can provide, among other things, the required technical and management expertise and equity capital. The presence of these factors, and often the addition of worldwide market access in a project, is often critical in determining whether or not the project will be considered creditworthy by international commercial lenders. The international commercial lender is often the critical third party in project development, due in a large part to the ever escalating-costs of project developments relative to the financial resources of many companies and even a growing number of countries. In addition, lenders have other reasons for taking more than a passive interest in all aspects of a project's development. These reasons include the following: 1. Projects are often financially structured such that the primary security for a loan, once completion and performance standards are met, is the cashflow of the project rather than recourse to its sponsors. 2. Lenders, in addition to the "project risk" just described, are frequently asked to assume various elements of "political" risk which nay put them in a sensitive economic position between the host government and international resource firms (This is discussed later). 3. International banks today have large loan portfolios of developing country debt with final maturities ranging from one to fifteen years. The various current projects undertaken are the building blocks of most developing country economies that will hopefully contribute to the long run economic development of a country as well as generate the foreign exchange necessary to repay foreign loans in the future. In this regard it is useful for lenders to realize whether a given project "makes sense" in terms of a country's natural resource endowments and competitive advantages over other countries. The type of framework discussed in this article would help lenders to better make such assessments. In order to facilitate the continued international flow of capital and technology to developing countries and of readily available supplies of raw materials from them, it is important for each of these three parties to increase its awareness of the goals and objectives of the other parties as well as the bargaining process that results in the legal, financial, credit and fiscal structures by which a joint venture project ultimately proceeds. Each of the parties faces increasingly complicated accept/reject decisions when they are faced with difficult choices among. a wide range of alternative structural combinations each of which has different implications for risk and reward to them. Therefore, by increasing the mutual, 3-way awareness of the decision processes of the other parties, it should be possible to: • provide better information and results in the formation of more rational expectations by all parties going into negotiations, • facilitate the project formulation process by allowing parties to focus more clearly on the areas of common interest and conflict, • result more frequently in final structures and agreements that better reflect the economic and political realities associated with a project and thus • result in more creative, innovative agreements that should reduce the need for changes to them and thus promote the kind of long run political stability conducive to attracting capital and further investment.

Jan 1, 1982

By D. N. Seidrnan

In the present note we present thermal-analysis data for the liquidus curve from 0 to 76 at. pct Se and for the selenium-rich monotectic reaction in the Pb-Se system. We have previously reported that no expey-imental eviderzce was found for a lead-rich monotectic reaction, at -860°C with a monotectic composition of -20.5 at. pct Se, as found by Nozato and Igaki.&apos; Our additional data substantiated this earlier finding and extended the composition range studied. The alloys were prepared from semiconductor -grade lead and selenium purchased from the American Smelting and Refining Co. Both elements were 99.999+ wt pct pure as determined by the supplier. The impurities for lead were Fe (1 ppm) and Cu & ppm) while for selenium the impurities were Cu (< 1 ppm), As (< 1 ppm), Te (1 ppm), and C1 (<1 ppm). The general procedures used for thermal analysis were those specified by the National Bureau of Standards. A Pt/Pt-10 pct Rh thermocouple calibrated against the freezing points of zinc and copper purchased from the National Bureau of Standards and antimony (99.985 pct pure) purchased from A. D. Mackay, New York, was used for all the thermal analysis. The thermocouple electromotive force was measured with a Rubicon Type B potentiometer used in conjunction with a galvanometer with a sensitivity of 0.5 pV (mm) -&apos;. The absolute accuracy of this thermal-analysis system was *0.5"C. One-hundred-gram alloys of the desired composition were sealed in quartz crucibles, with a central thermocouple well, at a pressure of less than 10"1 Torr. The alloys were initially heated well above the liquidus curve and shaken vigorously to insure homogeneity. Cooling curves were then taken by the direct method at cooling rates ranging from -0.5" to 1.5"C (min)-&apos;. The phase diagram from 0 to 76 at. pct Se as determined by direct thermal analysis is shown in Fig. l.* An extrapolation of the selenium-rich portion of the liquidus curve to the monotectic reaction isotherm (678.3"C) gave a value of 76.1 at. pct Se for the monotectic composition. A tabulation of all the thermal-analysis data is given in Table I. As we previously reported no experimental evidence was found Fig. l—The partial Pb-Se phase diagram from 0 to 76 at. pct Se as determined by direct thermal analysis. For the sake of clarity the points for the 49.00 and 49.16 at. pct Se alloys were not drawn on this phase diagram, see Table I. for the lead-rich monotectic reaction found by Nozato and Igaki.&apos; This result was further substantiated by the fact that none of twelve lead-rich alloys, see Table I, examined for this monotectic reaction exhibited a thermal arrest in the temperature range (849" to 863°C) cited by Nozato and Igaki for the lead-rich monotectic reaction. Hence, our results tend to support the earlier qualitative work of ~elabon&apos; and Friedrich and ~eroux" in the 0 to 50 at. pct portion of the phase diagram, though the selenium-rich monotectic composition and reaction isotherm temperature were in agreement with the approximate values (75 at. pct Se and 672" to 680°C) given by Nozato and ~~aki. &apos;

Jan 1, 1967

H. H. Stoek, Scranton, Pa. (communication to the Secretary): Mr. Rothwell&apos;s condemnation of my paper on the International Correspondence Schools as not giving an impartial view of the whole field of such enterprises, because it was confined to the description of a single one, might be legitimate if I had undertaken or professed to do anything else than that which I was requested by the Secretary of the Institute to do—namely, to give an account of this particular institution. This is a sufficient answer to all his direct or implied criticisms upon my omission to mention either persons or organizations outside of the special limits set for me. Recognizing fully that personalities have no place whatever in the Transactions, I regret the necessity of making the following statement in answer to Mr. Rothwell&apos;s charge that I omitted to give due credit to Mr. Ewald, a former principal of the International Correspondence Schools. The Colliery Engineer School of Mines was started in 1891, and its first student was enrolled October 16, 1891. During the fall of the same year the mine-mechanical course was laid out along the same general line that had already been followed in the mining course. This mine-mechanical course was the foundation from which sprung the later developments of the several mechanical courses. The latest circulars of information of the International Correspondence Schools give the following as their distinctive features: (1) courses of instruction for particular occupations,

Jan 1, 1900

By Paul. D. Merica

I LIKE to look upon the award this year also as a recognition of the importance of metallic materials of construction to the engineer and of the active progress which I believe is continually being made in almost all branches of that field today. It has been said that metals are the material backbone of industry and technology. Well in that case, I suppose we metallurgists are industry&apos;s bonesetters. And it is possibly not inappropriate that we should occasionally give some atten¬tion to those bony structures of our industrial activities upon which engineers in other fields hang their manifold and striking creations. What is going on in the field of metals development? Well, in the first

Jan 1, 1938

By R. D. Brown

"Taxation tends to be a depressing subject. Taxes are unfair, taxes are too high and, above all, taxes are too complicated.In a recent address to the Canadian Tax Foundation, the author discussed in a rather more lighthearted way the possible causes of the complexity of the present Canadian taxation system. In order to provide an element of relief in this series of articles on taxation matters, extracts from these remarks are quoted below :"

Jan 1, 1976

By Samuel B. Christy

The present paper is a continuation of a study of the reductionworks of New Almaden, the first part of which was published under the title " Quicksilver-Reduction at New Almaden," in the Transactions of this Society, vol. xiii., p. 547.* Frequent reference will be made to some of the data there given. The following is an outline of the contents of this paper: I. Condensing appliances used at New Almaden: a. Brick condensers, b. Iron condensers—flues and " water-backs," c. Glass and wood condensers, d. Friction-coudensers—filters and revolving screens, e. Flues, towers, and chimneys. II. Analysis of condensing-systems. III. Temperature of condeusers. IV. Product of condensers. V. Treatment of soot. VI. Losses of treatment: a. Nature of losses, b. Composition, weight, and volume of dry gases, c. Volume of wet gases, d. Specific weight of quicksilver vapor, e. Vapor-loss at various temperatures. VII. Comparison with New Almaden practice. VIII. Comparison with results at Idria, Austria. IX. Comparison with results at Almaden, Spain. X. Future improvements in quicksilver-condensation. I. Condensing Appliances. The complete condensation of mercurial fumes in a large way presents numerous practical difficulties, familiar to all who have had to retort amalgams. In condensing the quicksilver-fumes discharged

Jan 1, 1886

By Ari Jokilaakso, Junjie Shi, Zhuo Chen, Pekka Taskinen, Xiang Gao

The amount of copper flash smelting slag has increased during the recent years along with an increasing slag-to-metal ratio. During slag tapping, some copper sulfide is mechanically entrained. As a result, it is necessary to recover copper matte from the slag by suitable methods. At present, the most common way is slow, controlled cooling in a transfer ladle. However, research on the detailed effects of slow cooling and the function of slag modification is rare. This paper described experiments that were performed at different cooling rates (0.5, 1.5, 3, and 7 °C/min), with and without additive. A detailed characterization of the copper-rich phase and its particle size was subsequentlymade using SEM-EDSmicrographs and image analysis software.With a decrease in cooling rate, the particle size of the copper-rich matte phase became larger. The addition of gypsum and carbon as a slag modifier affected the size of the copper-rich phase slightly, and its chemical composition was modified compared with the experiments without additive.

Jul 31, 2020

By J. Fuchs

This paper describes the mechanized narrow vein cut-and-fill approach used for the Deep Copper orebody at Falconbridge Limited&apos;s Strathcona Mine. Strategies for achieving high productivity while maintaining ground stability at depth and controlling dilution are discussed, including the use of mini-electrohydraulic drilling equipment, containerized truck haulage, consolidated rockfill placement techniques, and a miners&apos; incentive system.

Jan 1, 1992

Prof. Henry S. Jacoby, Cornell University,Ithaca, N.Y. (communication to the Secretary): When a simple beam supports any given load, the lower fibers me in tension while the upper fibers are in compression, and if its cross-section is rectangular the neutral surface, where the stresses pass through zero from tension to compression, is at mid-depth, provided the elastic limit is not exceeded. In addition to the longitudinal stresses, there are horizontal shearing-stresses between the fibers which have their maximum value in the neutral surface, and which equal zero at the upper and lower surfaces, while there are also vertical shearing-stresses. Let another beam of the same dimensions be placed on top of this one, and the load be doubled, it then produces stresses in each beam of the same character, magnitude and distribution as in the preceding case, provided there be no friction between the adjacent surfaces of the beams. Next let these two beams be so firmly united that there will be no motion between them when the same load is again applied. All the fibers in the upper beam are now in compression, and those in the lower beam in tension, while the maximum stresses in the outer fibers are only one-half as large as before. The strength of the combined beams is therefore doubled. If, however, some motion occurs between the beams, then the stresses in some of the lower fibers of the upper beam pass from compression to tension, and those in some of the upper fibers of the lower beam from tension to compression, while the stresses in the outer fibers have a magnitude between the two values previously stated. These fundamental facts relating to the flexure of beams indicate the necessity of carefully designing the keys or brace-

Jan 1, 1898

By B. S. Xakalashe, M. Khama, Q. G. Reynolds

Pre-reducing chromite with hydrogen offers significant benefits, including reduced energy consumption in downstream smelting and lower carbon dioxide emissions. To leverage these advantages, it is essential to develop computational models that facilitate the design, optimisation, and control of the process. Full scale models such as 3D computational fluid dynamics models are often used to investigate the multi-scale flow physics in heterogeneous reactors. However, these models impose prohibitive computational expense in the modelling of heterogeneous reacting flow systems. The high computational expense prevents the use of high dimensional systems in real time control and online optimisation of reacting flow systems. In order to facilitate incorporation of predictive models in the heterogenous reacting flow systems control loop, computationally efficient reduced order models are required. Owing to these requirements, a reduced order model for pre-reduction of chromite with hydrogen was developed with the view to rapidly predict the performance indicators for pre-reduction of chromite with hydrogen. The Thiele modulus method was used to develop the reduced order model, and the model results were compared to isothermal pre-reduction experimental results at a range of pre-reduction temperatures from 1200 oC to 1400 oC. The model predicts the degree of reduction, diffusion of gases through the product layer, unreacted core radius of the grain radius, and local and global conversion. The final conversion across all temperatures as predicted by the reduced order model deviate from the experimentally calculated conversion by a maximum relative error of 2.7% while the initial conversions differ significantly, reaching a maximum error of 65%.

Aug 3, 2026

By F. E. Cash

The Holmes Safety Association was organized and named in honor of the late Dr. Joseph A. Holmes, first director of the United States Bureau of Mines. The association is a national organization and operates through local, sectional, or State chapters in mining, petroleum, and allied industries. The National Council of the Holmes Safety Association consists of representatives of State councils and local chapters, with the Director of the Bureau of Mines as president.

Jan 1, 1929

By Jonathan Ludlow

This document is the final report of a study aimed at defining the relative contributions of various sources of respirable airborne dust on longwall faces. In order to define the contribution of various primary sources, continuous dust level data were recorded on five longwalls for an average of five shifts at each. By analysis of these data with records of face activity, it was possible to determine the overall contribution of each of the major elements of the longwall system to overall respirable dust exposure at various face locations. Average levels were determined for roof support generated dust, conveyor and intake dust and for dust levels during various shearer activities. When average levels are compared between mines, a significant degree of consistency is noted. The next phase of the study was aimed at differentiating the various dust sources associated with the shearer. To this end &apos;fly cuts&apos; varying from 6 in. to 30 in. were closely monitored as were dust levels at operators&apos; positions over the various segments of longwall cycle. These data indicated that the clearance ring of the shearer drum as a disproportionately heavy contributor to shearer dust make. A statistical analysis of the effect of shearer haulage speed on dust make revealed that high haulage speeds are associated with low specific dust make.

Jan 1, 1983

By T. E. Swigart, C. E. Beecher

The Federal Government, as the largest lessor of oil and gas lands in the United States, is vitally interested in the conservation of those resources. This manual has been prepared at the direction of the Secretary of the Interior to call the attention of lessees of public oil and gas lands to the most common oil and gas field wastes and the best methods of preventing them; to outline the policies of the Interior Department on field operations; and to give information as to how the "Operating Regulations" of the department will be interpreted by the Bureau of Mines. The oil industry has progressed steadily. Present operating methods are much more efficient-and less wasteful-than those of a few years ago; moreover, the art of producing oil and gas is continually advancing. Public interest requires that improved methods, which will result in obtaining the greatest possible amounts of oil and gas from the natural deposits, shall be developed and used. Part I of this manual points out types of oil and gas wastes and suggests, in detail or by reference, the most practical and effective methods in current practice for stopping these wastes. Throughout Part I the department's operating policy is given, with interpretations of the "Operating Regulations" for enforcing every practical measure of conservation. Part II comprises the revised "Operating Regula-tions" which supersede all previous regulations and will govern future operations on public lands; it will be found in the pocket in the back cover of this bulletin.

Jan 1, 1923

By M. I. Freeman

This paper point put if the companies will considerate large- scale mining in South Américan in the future. In this sense, the philosophy of an international mining company means that the company and the country working in the partnership and they can convince the outside world of the creditworthiness of the project. The mining company would be considering the account metal requirement in the future, the code of behaviour, the obligations and the rights among the employees, the shareholders, the customers, and to the State in wich its work. However, is not specially tailored philosophy for South America. The most important is the satisfactory agreement can be reached even with governments whose domestic laws preclude equity participation by the mining company.

Nov 20, 1969

By Oliver Bowles

Cementing materials of mineral origin were well known to the ancients. Ordinary lime and gypsum plasters were the first to be recorded by historians. The next development was the discovery that certain limes would set under water, but the hydraulic property was not definitely attributed to the presence of clay in the limestone until many centuries later. The Romans advanced a step nearer to modern cement in the development of &apos;pozzuolana&apos;, a mixture of volcanic ash or trass with hydrated lime. The silicate of aluminium in the volcanic rock combined readily with the lime, forming a hydraulic mortar or cement which was widely used. Natural Cement In Europe (1) No further progress was made in the art of manufacturing cement for several centuries, during which the Roman Empire declined and passed away, and the Anglo-Saxon race slowly and painfully evolved through the Middle Ages an ever-increasing prestige. An Englishman, John Smeaton, is credited with the honour of the next important development, for he employed a little-known cementing material-natural cement-in constructing the Eddystone lighthouse in 1756. It was called &apos;natural&apos; cement because it was made from a natural rock with no additions of other materials. The process consisted of calcining an argillaceous limestone at a comparatively low temperature and grinding the product to a fine powder. Care was exercised to keep the temperature low, and any material burned to the clinkering point was thrown away, although such material was, as learned at a later time, Portland cement.

Jan 1, 1933

By I. G. L. Sinclair

The Selbaie deposit is located in northern Quebec. It is comprised of three distinct, but genetically related, Cu-Zn-Ag ore bodies which also contain economically significant amounts of Au. The deposits are Archean in age and volcanogenic in origin. At Selbaie, ore microscopy has been employed to aid in planning of ore beneficiation methods and to monitor the ongoing performance of the concentrator. Examples of both types of study are described. Early in the life of the mine, excessive amounts of Zn appearing were found to be appearing in the Cu concentrate. Microscopic examination of concentrates showed that this was being caused by the presence of coatings of supergene chalcocite on sphalerite grains. Fine coatings of supergene galena and chalcopyrite were also observed on some sphalerite grains. The presence of Ag and Au in the ores makes an important contribution to the revenue of the mine. The various modes of occurrence and mineralogical relationship of these two metals are described and discussed. Monitoring of the ongoing concentrating process at selbaie is done by qua-litative and quantitative examination of products collected at various points along the circuit. Causes of such problems as excessive loss of metals to the tailings or inefficient recovery of individual metals, can often be identified and possible solutions proposed.

Jan 1, 1989

By L. E. Young

IT has been said the British Empire was built on British Coal. In all the postwar planning for Great Britain the necessity for producing cheap coal and the prosperity of the coal industry are given first consideration. On Jan. 23, 1945, there was released in London a "Report to the Colliery Owners" which had been awaited with great interest. This was entitled "A Plan for Coal" and was the recommendation of Robert Foot, chairman of The Mining Association (Colliery Owners), prepared at their request. Presentation of the "Plan" at this time is particularly significant as it is an answer to the demand for nationalization of the coal industry by the Labour Party and at the same time is a carefully considered program for postwar reconstruction, prosperity, and stability. In the words of Mr. Foot, If the coal industry for the first ten years after this war is to find itself in a situation similar to the one it occupied for the ten years following the last war, with its record of disputes, strikes, stoppages, short-time working, unemployment, and, with it all, a completely insufficient margin of profit, and all the insecurity and instability in our basic industry that was brought with them, it is goodbye to any real prospect of full employment, social security, and high standard of living. To present an elaborate review of the conditions which have brought to a crisis the unfortunate situation in the British coal industry is here unnecessary, but certain of the salient points

Jan 1, 1945

By Ross Goodman, Jesse Salai

The Ohio River Tunnel Project encountered multiple unexpected geotechnical challenges such as crown and invert instability due to the overstress condition affecting the strata above, below, and in the tunnel alignment during and after TBM excavation along with the potential for methane inflow. This paper showcases how the orientation of a tunnel alignment has a significant impact on how in-situ geological stress can impact the excavation of a tunnel from the contractor’s point of view and how geological features influence gas inflow to the alignment over time.

Jun 13, 2021

By Ralph Hayden

PAGE I. IntRoduction........239 II. Definition of Anaconda SLime....240 III. The Source of Slime......240 Remodeled Flow Sheet......240 Old Plow Sheet,.......242 IV. ConStitution of Slimes......243 Chemical........243 Physical.........243 V. The Slime Problem.......247 VI. THe Experimental Slime Plant....248 VII. Slime Thickeners. ETc .......249 Slime Ponds........249 Tanks.........249 Comparative Efficiency of Open and Baffle Tanks .260 Callow Tanks........252 Kuchs-Laist Centrifugal Separator....253 Garred Filter........256 Dorr Continuous Thickener.....256 VIII. Concentrators........257 Round Table........558 Peck Centrifugal Concentrator....259 Competitive Tests.......260 Twenty-Deck Round Table..... 260 Slime Feed Distributor......261 IX. ConcluSion.........262 I. Introduction. In the wet concentration of ores there is always a certain amount of very fine material with which to contend. and which invariably carries such quantities of value that the treatment of it is worth while. commercially. This fine material usually contains that portion of the ore which hinders the separation of the mineral values: namely. the colloidal material resulting from the decomposition of certain constituents of the ore. The object of this paper is to show what efforts have been made to solve the slime problem as it occurs in the concentrator of the Washoe

Jan 1, 1914

Societal influences, needs, and uses for recyclable materials are becoming increasingly important business and economic factors in the traditional natural resource companies. Several metals (such as steel, aluminium, zinc, lead and cadmium) are amenable ro recycle which eliminates solid waste generation and decreases the depletion of natural resources. In recent years, the non-ferrous industries have begun to recycle more materials and the next decade will see even larger recycle efforts. In addition to the traditonal recyclable materials, existing metallurgical plants are, or should be, able to handle and recycle materials viewed as &apos;hazardous&apos;. Unfortunately, some national and regional regulations hinder, and in some cases prevent, the recycling of certain materials. Zinc Corporation of America (ZCA) is currently the largest producer of zinc metal in the USA and one of the world&apos;s largest producers of value-added zinc products. Over the last few years, ZCA has become one of the world&apos;s largest recyclers of zinc from various diverse materials. ZCA considers these recyclable materials as valuable &apos;land mines&apos; that provide economic alternatives to the depletion of natural resources while serving society in the minimisation of solid waste disposal. Using the current production facilities of ZCA as a model, this paper overviews the recycling of zinc-bearing materials with special emphasis on: 1. the amenability for recycle within ZCA&apos;s pyrometallurgical and hydrometallurgical operations, 2. the quantities and economics of recycle, 3. the problems of recycling hindered by current national and regional regulations, 4. the concepts of total recycle rather than just recovering zinc while generating a modified solid waste, and 5. the motivators for recycling.

Jan 1, 1993