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

"There are two characters to the value of mining properties-one mine may have a value, owing to its real intrinsic worth; an- other (having no intrinsic value) may have a value by being so situated as to harass the working of the really valuable mine-in mining camps one is looked upon as much of ligitimate enterprise as the other.'' -Victor Clement to Simeon Reed, Wardner, Jan. 11, 1890, Reed Mss. APPROACHES TO VALUATION Value and costs are two terms basic to financial analysis which cause, perhaps, the greatest amount of misunderstanding in mine valuation studies. When discussing the value of an asset or the costs of producing a product, it is absolutely essential that the speaker define the terms being used. There are many types of value and many categories of costs. Without specific accompanying definitions, value and cost data are not very meaningful. Value refers to a measure of the desirability of ownership of property. Some of the types of value which might be encountered in a mine valuation study are: 1) Market value 2) Full cash value 3) Salvage value 4) Replacement value 5) Capitalized value 6) Book value 7) Assessed value 8) Insured value Each of these has a specific meaning which can be applied to determine a monetary amount in a specific situation. The major item of interest here is the broader question of "what is the value of the mine?" or "what is the mine worth?" In this case, we are speaking of market value. Market value is the value (price) established in a public market by ex- changes between a willing buyer and a willing seller when neither is under duress to complete the transaction. Market value fluctuates with the degree of willingness of the buyer and seller and with the conditions of the sale. The use of the term market suggests the idea of barter. When numerous sales occur on a market, the

Jan 1, 1984

By K. G. Markkola

Since 2005, Compafifa Contractual Minera Candelaria (CCMC) has defined various strategies which aim to optimize the usage of the available energy in each of the SAG grinding circuit modules (SABC-A configuration). For this purpose, the use of larger size balls along with operating with an optimum balls/load ratio has been implemented. Additionally, in the ball mills, the amount of balls in relation to the equipment's usable diameter has been optimized. In the pebble crushing circuit, the percentage of material passing 12 mm (112 in) product has been increased by 15% by: (1) modifying the crusher mantle profile, (2) implementing a strategy for maximizing the power in each crusher, (3) using continuous improvement tools (Lean - Six Sigma), (4) redesigning SAG mills discharge grates, and (5) changing discharge grates in order to control the crusher feed size distribution profile. All these activities have improved plant throughput by 1,000 t/d with no significant capital investment. As part of the energy consumption optimization study, we have considered determining the optimum operational rate of each SAG mill, in relation to the mill liner life and also the improving the control strategy in conventional grinding.

Jan 1, 2007

By Thales Lima Da Silva

As cerâmicas avançadas estão em diversas aplicações técnicas devido à possibilidade de melhoria na tenacidade, ao desgaste e corrosão em altas temperaturas. Neste trabalho avaliou-se o aditivo de sinterização Nb2O5 em teores de 0,2%, 0,4% e 0,6%vol. no compósito 98,5% Al2O3 com dispersão de 1,5% de ZrO2 nanométrica. Os pós foram misturados em moinhos de bola e as amostras foram conformadas por prensagem uniaxial. Utilizou-se a sinterização convencional a 1450ºC, 1500ºC e 1550ºC por 1 hora, caracterizando-se a densidade aparente pelo método de Arquimedes e a microestrutura final por microscopia eletrônica de varredura, procurando-se avaliar o efeito inibidor de crescimento de grão da zircônia frente a possibilidade de formação de fase líquida pela adição de nióbia.

Oct 30, 2017

By Daniel D. Pollock

The il'lott and Jones theory of thermoelectricity predicts that the absolute thermoelectric power of alloys of transition and noble metals should be a maximum when the concentration of the noble metal is approximately 55 to 60 at. pct. An examination of the emf of a series of relatively pure alloys of copper and nickel shows that the predicted maximum occurs at about 57 at. pct Cu. This excellent agreement with the theory is considered to substantiate the Mott and Jones theory of thermoelectricity for binary alloys of transition elements. This theory is extended to show that the emf behavior of dilute, ternary copper-nickel base alloys, which contain approsimately 60 pct Cu and 40 pct Ni, may be described in terms of a scattering mechanism. The scattering effect of a third element is demonstrated to be a function of its valence and its period in the periodic table. Small amounts of solute elements have additive scattering effects upon the emf of the Cu-Ni base. The Mott and Jones equation is modified to include this scattering parameter. This adaptation accurately describes the thermoelectric behavior of ternary and quaternary CLL-Ni base alloys. An empirical form of the modified Mott and Jones equation is derived which permits the calculation of thermoelectric power with an average error of less than 0.4 pct at 500 "C. CONSTANTAN has long been used as a thermocouple element. Its approximate composition varies from 50 pct Cu, 50 pct Ni to 65 pct Cu, 35 pct Ni. Small amounts of manganese, iron, and other elements have been used to modify the composition in order that the resultant emf vs platinum conforms to nationally accepted table. Adjustments of this type are made on a purely empirical basis. Constantan was originally made in Germany and was imported into this country for thermoelectric and electrical resistance purposes. During World War I, the supply of this material became seriously depleted. The work of Bash4 was done in this period in order to develop a satisfactory substitute for the imported material. Bash's empirical work on Cu-Ni alloys is still the basis for all commercial constantans made in this country. No reexamination of the electrical properties of this system has been made, despite the fact that it is now well known that Bash's alloys contained impurities which strongly affected their thermoelectric behavior.

Jan 1, 1962

By V. Voller

A relatively simple model of grinding which incorporates both the Bond grindability equations and the population balance equations has been extended to form a comprehensive simulation package that can describe most kinds of conventional grinding circuits. The package has two programs, with the first consisting of an input program which helps the user to specify the prescribed circuit, while the second program performs the actual simulation. The package serves two main purposes - i) as a check on mill design, with the output providing not only predictions for the product passing size but also of the full product size distribution, and ii) as a means to assess the likely effects on the product size distribution of operating under different sets of conditions.

Jan 1, 1981

By Oliver Bowles

Since 1922 when the Bureau of Mines issued a report2 covering the slate industry in detail, changes in technology have taken place which have an important bearing on the industry. The present paper comprises a record of these changes. Though the value of slate, for roofing, structural, blackboard, sanitary, and electrical uses is generally recognized, it has many competitors. To meet this constantly increasing competition producers are promoting economies in manufacture, and improving processes, thereby lessening costs of production, and are placing on the market products of the highest possible quality, thus creating satisfaction and confidence on the part of the user. This endeavor to place the industry on a better basis, both as regards processes and products, is shown in the recent developments in technology which are presented herein. Valuable assistance in obtaining data for this paper was given by W. S. Hays, secretary of the National Slate Association, N. M. Male, president of the National Slate Association, and Robert Notvest, consulting engineer, Cleveland, O.

Jan 1, 1926

By H. S. Coe, G. H. Clevenger

Engineers have long recognized the desirability of correlating the data obtained from small-scale slime-scttling tests with commercial work as carried on in large tanks. This need, though most apparent in designing new installations, frequently arises also in existent plants, since a large range of experimental work can be performed without interfering with regular operation. General Settling Phenomena In order to develop rational methods of laboratory testing, it becomes necessary to study the general phenomena of settling. Since it was desired to give the public the benefit of these methods at as early a date as possible, together with the knowledge of the general principles of slime settling necessary for a clear understanding of the laboratory tests, we have ventured to discuss the subject in so far as brought out by the work which we now have under way. We realize that certain of our preliminary conclusions may be subject to modification, but it seems probable that, with but few exceptions, the general laws enunciated will cover the settling behavior of all pulps encountered in metallurgical plants. However, it must be recognized that there is still a vast amount of work to be done upon certain phases of the subject; therefore, at this time we will attempt only a discussion of the behavior of ore pulps during the process of settling or dewatering, under certain given conditions. The laws and principles controlling these conditions are not fully established, so that a complete discussion of them will not be attempted in this paper. In metallurgical practice, slime pulp consists of water, finely divided sand

Jan 1, 1917

By Antonio Fontana

"Environmental problems encountered with the use of diesel equipment in underground mining operations are discussed. The concept and procedure o implementing the Health Effects Index equation as a means of quantitatively assessing an underground working environment is outlined and sample calculations are present ed. Advantages and disadvantages of utilizing this method are also discussed.IntroductionWith the introduction of diesel-powered mining equipment in the 1960s there arose several question s for the environmental engineer to consider. These included: 1. What are the constituents of diesel exhaust and how can they be detected and evaluated?2. What are the toxicities and long-term health effects of these constituents?3. What is the ventilating volume required to maintain the concentration of these constituents below toxic levels?Diesel engines are a class of reciprocating, internal combustion engines in which relatively high compression ratios are used to generate high air-charge temperatures, which cause ignition of fuel to occur spontaneously. Ideally, perfect combustion of the fuel would produce an exhaust consisting solely of nitrogen (N2), water (H2O), carbon dioxide (CO2) and oxygen (O2). However, because no combustion process is perfect, relatively small quantities of imperfect-combustion products, or pollutants, are also generated. These include hydrocarbons (HC), carbon monoxide (CO), nitric oxide (NO), nitrogen dioxide (NO2), carbon (C) or soot, and sulphur dioxide (SO2).Currently, the Regulations for Mines and Mining Plants, made under the Occupational Health and Safety Act (Section 176), stipulate that weekly tests shall be made to determine the carbon monoxide (CO) concentration in the undiluted exhaust and at the operator's position, and the nitrogent dioxide (NO2) concentration at the operator's position. Also, the aldehyde (as HCHO) concentration in the atmosphere, at the operator's position, is to be measured at least every three months. Threshold limit values (TLVs) have been established for each of the three combustion products, and each is regarded as a separate entity. Consequently, this does not allow for consideration of interactions and possible synergistic effects between the various exhaust components."

Jan 1, 1982

By M. M. Myers

"Importance pf the small stone problem.Profitable disposal of limestone too small for making lime in the shaft kiln, is one of the most urgent problems in the lime industry. Reports received by the Bureau of Mines from 31 quarries show that the proportion of small stone varies from 2 to 40 per cent, averaging 18 per cent of gross pro¬duction, Modern methods of heavy blasting, and the use of crushers in large quarries tend to increase the proportion of small stone above that produced in early days when light blasting and hand sledging were almost universally used. There is also a growing movement toward underground operation of lime deposits, a method which in general produces a greater proportion of fines than is encountered in open-pit work. Thus the small stone problem is of growing importance, and demands the attention of every progressive lime producer. As the problem is of almost universal interest, it is urgently desired that every operator who reads this report will contribute from his knowledge or experience, answers to the questions on the final sheet.There are several markets in which small stone may be sold but in these markets the competition is generally keen and the prices low. The lime producer's chief product is lime, he understands its manufacture and marketing, and brings him a greater return than can be obtained from most limestone by-products. For these reasons it is evident that the conversion of small into lime is the nest desirable means of disposal."

Apr 1, 1924

By Anthony T. Iannachione

The location and time of 2,007 microseismic emissions from a limestone mine in southwestern Pennsylvania were compared with the development of mine faces and the characteristics of the mine layout. Based on analyses of these results, the occurrence of roof failure zones appears to be associated with certain characteristics of the mine plan. It was determined that significant relationships exist between the intensity of the microseismic activity and the scale of the roof failures. Microseismic activity associated with these roof falls occurs in distinct episodes, with the final failure event occurring during approximately a 12-hour period. Each roof fall episode appears to be composed of dozens of distinct roof beam failures. As each beam fails in shear and tension, tens to hundreds of audible noises representing rock fracturing or bedding plane separation can occur. While every roof fall can be viewed as unique, certain mechanistic similarities can be realized through careful observation and monitoring of these complex systems. Understanding these similarities in characteristics allows mine personnel to design the most effective and efficient control technique.

Jan 1, 2001

By Albert E. Long

Diamond-bit performance and cost data accumulated in core-drilling sandstones reveal significant trends of economic interest. Large-size, AA-Grade drill bort suffered less diamond loss per foot drilled than any other size or grade of diamonds assessed. Detailed analyses of the factors that affect diamond-bit performances -diamond size, diamond quality, bit size, bit type, percentage of core recovered, and physical characteristics of bit matrices -are assessed in the tables, graphs, and discussion. INTRODUCTION Since 1945 the Bureau of Mines has been compiling detailed performance records on diamond bits used in core drilling throughout the United States and Alaska. Analytical reports covering bit performance in various rocks are issued as in-formation on a significant number of bits used in anyone type of rock is accumulated. The first three such reports analyzed bit performance in gneiss,2/ schist,3/ and lime-stone and dolomite.4/ This report evaluates diamond-bit performance in sandstone. Data obtained from 627 bits, which drilled 42,665 feet on 45 different projects, are presented. The geographical distribution of the projects is shown in figure 1.

Jan 1, 1958

By Nicholls Harry R.

The Bureau of Mines studied the effect of varying the, diameter of explosive charges on the generation and propagation of strain waves. The parameters compared were strain amplitude, impulse, energy, and pulse shape. Three different explosives were detonated in three different charge diameters. Charges of cast 50/50 pentolite-detonated at the same velocity in 5-, 2.5-, and 1.5-inch diameters. Charges of ammonium nitrate-fuel oil prills and 45-percent semigelatin dynamite showed a strong detonation rate-diameter dependency. Detonation of these two explosives was considered nonideal. Differences in the diameter of the charge caused less difference in the strain-generating abilities of pentolite than in those of the other two explosives. This was also true for impulse and energy. Rise and fall times of the strain pulses for all three explosives were proportional to detonation time and cavity volume, respectively.

Jan 1, 1966

By F. E. Patton

"IntroductionAT NORANDA, the strength of the ore and wall-rocks per-mitted mining in large open stopes. While some of the orebodies were small and could be mined out in one stope, in most cases their size was such that it was essential that ore pillars be left during the first stage of mining. In these cases, backfilling has been necessary for ground control and to facilitate the later recovery of the ore in these pillars.This paper discusses the development of the •backfill and •its use in pillar recovery.GeologyThe ore bodies at Noranda occur as replacement deposits in a block of rhyolite flows and breccias, bounded on the north by the Horne Creek fault and on the south by the Noranda Andesite fault. Mineralization consists of pyrite, pyrrhotite, magnetite, chalcopyrite, sphalerite, gold, and various tellurides.The main orebody is a massive sulphide deposit designated the 'H' orebody. It is elliptical in plan, measuring roughly 400 feet by 800 feet, and is divided into two zones -Upper H, extending from surface to the 1,500-foot level, and Lower H, from the 1 ,500-foot level to just below the 3,000-foot level.Mining MethodsOpen stope mining in both Upper H and Lower H zones has been fully described in previous publications (1). A brief review only of the mining methods will be given here."

Jan 1, 1952

By E. A. Lucero, H. E. Robbins, T. H. Dudley

EL Salvador mine of Andes Copper Mining Co., E subsidiary of Anaconda Co., is in northern Chile about 18 miles north of Potrerillos, 7825 ft above sea level. Initial production is planned for the first half of 1959. Plant capacity will be 30,000 tpd, and there are 308,835,000 tons of proven ore reserves, averaging 1.49 pct Cu. The Inca adit is being driven as part of the mine-to-mill haulageway. Because of the overburden it is planned to mine the deposit by block caving. Ore will be dropped from upper gathering levels through ore passes to the Inca adit, through which it will be transported out of the mine to the primary crushing plant located a half mile from the portal.

Jan 3, 1958

By I. L. Jennings

In most industrialized countries, the largest element of the mining industry in physical volume is that devoted to the extraction and processing of materials for use as construction aggregates. Required for all developments in industry and commerce, power and transportation, and housing and public services, their use is so widespread that possible sources are exploited throughout all geographic regions, as close as possible to the point of use. Thus, it is also the most frequently encountered form of mining throughout the world. These materials come from four main sources:- (a) Excavation of unconsolidated deposits of sand and gravel (b) Stone quarrying. (c) Processing of slags and other mineral wastes. (d) Manufacturing from clays and shales by heat fusion. The major uses are in: (a) Portland cement concrete, that most versatile of construction materials, including the many concrete products in current use. (b) Asphalt cement concrete; widely employed for paving roads, parking lots, airfields, etc. (c) Foundation materials, such as road base, granular backfills, railway ballast, etc.

Jan 1, 1968

Jan 1, 1889

By C. Diaz, S. W. Marcuson, K. I. Burgess

Deep roasting in fluid bed roasters is the first unit operation in Inco&apos;s "roast-reduction smelting" process for the treatment of nickel sulphide concentrates. The roaster product, a low sulphur calcine, is reduction smelted with coke in an electric furnace to yield a sulphur-deficient matte which is then converted to low (<1%) iron matte in Peirce-Smith converters. Due to the deep roasting, a minimal amount of sulphur dioxide is evolved in the smelting and converting stages. Sulphur is eliminated from the concentrate almost exclusively in the roasters in a single, continuous, strong, gas stream suitable for treatment in an acid plant. This paper discusses the commercial scale testing of deep fluid bed roasting of nickel concentrate at Inco&apos;s Thompson Smelter as part of two commercial scale campaigns on roast reduction smelting conducted in 1981-1982. Slurry feeding, practised during the second campaign, permitted excellent control of the air/concentrate ratio in the roaster and, in turn, good control of sulphur elimination (about 80% of input). Smooth autogenous operation with high oxygen efficiencies (about 95%) was promoted by operating at bed temperatures of830°C to 850°C with calcine recycle. High throughputs and the desired metallurgy were achieved. The extensive testwork conducted during the two experimental RRS campaigns demonstrated thot deep fluid bed roasting of nickel concentrate at high oxygen efficiency is a technically viable operation.

Jan 1, 1994

By H. Barry Holt, Charles A. Bischoff

On November 15, 1990, President Bush signed the Clean Air Act Amendments of 1990. The new legislation is sweeping in its demands for cuts in smog, acid deposition, toxic air pollutants and ozone-depleting chemicals. The Amendments will siqnificantly alter air quality permitting and compliance and are estimted to cost billions of dollars to implement. This article provides an overview and summary of each of the eleven titles of the Amendments. It also addresses how the Amendments will be implemented.

Jan 1, 1991

A high strength steel strand bolt has been developed by Barrett, Fuller & Partners as a replacement for conventional rigid bars for primary roof support in coal mines. It is based on a 23mm diameter multiwire steel strand with a tensile strength of 55 to 60 tonnes, The paper summarizes the development of FLEXIBOLT flexible roof bolts, their reinforcement performance and their potential to provide operators, currently reliant on medium to high density roof bolting systems, with a viable, low density roof bolting system offering high roof reinforcement capacity along with the option of installing bolts longer than headroom, in a single pass at the face.

Jan 1, 1993

By Dennis V. Woods, J. Duncan Crone

"In order to determine its capabilities and to aid in the interpretation of fie ld results, a scale model study and field tests were carried out on the Crone borehole pulse electromagnetic (PEM) system. The model results indicate that if a borehole passes in the vicinity of a tabular conductive body, the system will not only detect the presence of the body, but will also return information as to its conductivity-thickness product, size, altitude and position.The effect of variation of these electromagnetic and geometric factors on the shape of the response curve from a borehole PEM survey is displayed by a number of suites of scale-model response curves. These model curves can be used directly as type curves in the interpretation of field results. Field tests of a prototype PEM system provide a check on the scale-model results and also summarize the procedure of interpreting field data using the model type curves.The borehole pulse EM system can be effectively used as a follow-up geophysical instrument for locating and delineating known conductive bodies. It can also be profitably utilized as a primary geophysical exploration tool in areas of deep mineralization below the depth limit of conventional airborne and ground geophysical systems. The probed area of a diamond drill hole in these cases is increased from a 1- inch drill core to a zone extending hundreds of feet from the hole."

Jan 1, 1980