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By Dayton C. Bolin

This paper is one of a series being prepared by the United States Bureau of Mines describing quarrying methods and costs at stone quarries throughout the United States. These papers are designed to disseminate technical information regarding the methods used. The cost tabulations represent operating expenditures only and not total production costs. It is recognized that publication of total production costs might in many instances cause embarrassment to individual producers as well as to the industry as a whole. On the other hand, operating costs are essential to the technical discussion and study of the methods employed. The attention of the reader is specifically called to this differentiation in order that no misunderstanding of the scrope of the cost tabulations shall ensue. ACKNOWLEDGMENT The author wishes to acknowledge the assistance of J. R. Thoenen, mining engineer, United States Bureau of Mines, in the preparation of this paper. Acknowledgment is also made to E. R. Lederer, vice president in charge of the company's operations, through whose kindness the preparation of this paper was made possible. E. T. Eubank, superintendent of the quarry, and J. A. Hodges, quarry foremen, gave much of their time to this work. The cost data were compiled by the company's chief clerk, J. von Carlowitz.

Jan 1, 1931

By John K. Hammes

INTRODUCTION This introductory paper presents a description and definition of what the finance function is and what it specifically means for the mining industry. In its simplest terms, finance is, "management of money matters". As an area within the discipline of business administration it draws heavily on the related fields of economics and accounting, and to a lesser extent on marketing and production. MINING FINANCE DEFINED In preparing to write about what finance means to the mining industry, I asked a number of mining people the question, "What does mining finance mean to you?" Most responded that mining finance was "How a company borrowed money for mine development", and perhaps half those questioned included "raising equity" in the definition. It is not surprising that the mining industry concept of finance is the providing of funds needed for the objectives of the business, for that was once a view shared by authorities in the field of business administration. Further, it is certainly the area where much of the emphasis has been placed in the past ten to fifteen years as the industry struggled with the development of more remote and more refractory or lower-grade orebodies while profitability and internal cash flow were below expectations. No wonder project finance became such a popular topic. Twenty years ago it is probable that the emphasis would have been on mine valuation, for that subject was the area of finance then most often examined in industry publications. Papers concerning the pros and cons of payback, internal rate of return, and discounted cash flow appeared regularly. Let's examine the following situations, each the result of a financial decision: - Funding the exploration program in a developing country was accomplished by buying the next six-months budget needs in local currency. One week later the currency devalued 30 percent. If the purchase had been delayed or the local currency borrowed short term, a substantial saving would have been made in funding the program. - A major mining company borrows heavily to finance both expansion of its primary mining business and its entry into several new industry segments. When markets for all of the commodities it produces turn down for a prolonged period, there is concern over the adequacy of cashflow to cover debt service in addition to other company needs. The company's financial officers, however, had arranged very large committed credit facilities from numerous financial institutions which assured the availability of funds for several years. This enabled the company to implement a strategy to conserve cash, sell assets and survive until conditions improved. Further, short term suppliers of credit also were comfortable with the assurance that longer term credit was there to support them. -A medium size mining company financed several mines independently with limited obligations on the part of the parent company. The company decided to refinance the operations under one agreement. More flexible terms, lower interest cost and a longer tenor financing were achieved in return for assuming the risk as a direct obligor. - The exploration and development group of a large mining company proposes to develop a new mine in a country in which the company does not presently operate. When the investment is rejected they are advised that one reason was that the reinvestment assumption inherent in the discounted

Jan 1, 1985

By Thomas T. Read

THE benefits derived from stabilization of industry that might possibly be attained through some scheme of centralized economic planning have been much discussed of recent months, and opinions on the subject range from those who believe that some agency like the War Industries Board would be practicable to create and wholly beneficial in effects, to those who are equally convinced that none of the suggestions so far advanced are at all practicable, or likely to be productive of more of good than of evil. The discussion has been on the general topic, but-many of those who have written or spoken on it have introduced economic problems of the pinera1 industry; for example, Newton D. Baker, who referred to the coal industry in his address on economic planning at the Williamstown Institute of Politics on July 31, and then went on to say, "Industrial progress is made by the development of new things, but new things upset the equilibrium of any plan. Who could have planned the industrial effects of the development of the railroads, or the economic changes which you have seen attend the development of the internal combustion engine. Obviously, unless we are prepared to put world economics in a strait-jacket and, like the encyclopedists, write its full history on the theory that further progress is impossible, no such plan could be made for nations which are forging ahead as is entirely rational for nations which are still catching up."

Jan 1, 1931

By Hui-gang Wang, Mei Zhang, Min Guo

Metal-doped Ni–Zn ferrite with spinel structure was directly synthesized from treated zinc-containing electric arc furnace dust (Zn-containing EAFD) by solid state reaction method, realizing the transformation of Zn-containing EAFD from solid waste to high value-added material. A certain mass of NiCl26H2O was added to the treated Zn-containing EAFD before calcination. Then the effects of the mass ratio of treated Zn-containing EAFD to NiCl26H2O (RTZE/N, g g−1) and calcination temperature on the synthesis and magnetic properties of as-synthesized samples were systematically investigated by X-ray Diffraction, Raman Spectroscopy and Physical Property Measurement System. It is indicated that RTZE/N and calcination temperature had important influences on the synthesis of single-phase spinel ferrite and their magnetic properties. Pure metal-doped Ni–Zn ferrite, which exhibited good magnetic properties of higher saturation magnetization (Ms, 60.5 emu g−1) and lower coercivity (Hc, 49.8 Oe), was obtained when the calcination temperature was controlled at 1100 °C for 2 h with RTZE/N of 1:0.9.

Mar 1, 2017

By Wilder D. Foster

In the method used in the Health Branch of the Bureau of Mines for petro-graphic identification of the minerals in a rock, the sample is crushed, ground to a fine powder in a mortar, the powder is put on a slide, a drop of index oil and a cover slip are added, and the slide is ready for examination. The rock should be ground fine enough so that most of the particles consist of only one mineral, otherwise identification is difficult. Finally, the amounts of the minerals present in the sample are estimated to the nearest 5 or 10 percent. When quartz grains are mixed with some claylike minerals) of which by far the most common example is quartz and kaolinite in a shale, grinding in a mortar does not always separate the quartz from the kaolinite; instead, the quartz grains become coated with the kaolinite and are not visible, even after careful search. Talc acts Similarly, but muscovite and pyrophyllite do not. In evaluating the possible silicosis hazard of breathing dust from a shale, it is essential to be able to see and identify all of the quartz grains, as the other minerals present are relatively innocuous.

Jan 1, 1949

By H. Tomlinson

This circular is one of a series of papers on coal mining methods and costs which being prepared by the United States Bureau of Mines for the purpose of making available to those interested in the industry a knowledge of the mining methods employed, the places here mechanical and hand loading are practiced, and coat data on the several operations pertaining to the removal of coal from the working faces and its transportation to the tipple for loading into railroad cars. Mining costs are governed by the relative efficiency of the mining method employed. The method is selected for Its adaptability to the local natural physical conditions such as the nature and thickness of the coal bed, its dip, the character of the coal, and the thickness of the overlying strata.

Jan 1, 1930

By Thomas W. Thompson

The Zebulon manganese deposit has been known for a number of years. It is situated about 3 miles east of Zebulon, Wake County, N. C., on the Avon, Privett property (fig. 1). The deposit outcrops as a vein, or dike averaging-16 to 20 feet in width. Drilling by the Bureau of Mines has shown that this outcrop results from consolidation of a number of small stringers near the surface. The surface width and the Percentage of manganese oxides (resulting from. weathering) diminish with depth. Below 50 to 80 feet, the vein material is mainly quartz and spessartite garnet. The deposit was first examined by W. T. Benson, a Bureau of Mines engineer, in 1941. The Bureau conducted a diamond-drilling exploratory program an the property from November 7, 1944, to January 25, 1945. A. total of 2,508.5 feet was drilled in 14 holes along the strike of the deposit.

Jan 1, 1950

Can mining promote sustainable development? What is sustainable development? Is sustainable development good for corporate sustainability? Does it work in practice? If so, is it good for business? This paper does not seek to provide definitive answers to these issues. Rather, it is presented in the interests of sharing information and contributing to the pool of collective experience. The discussion will draw on the experience of Placer Dome in Papua New Guinea (PNG). Sustainable development means development that is maintained at a steady level without exhausting natural resources or causing ecological disturbance. The term æsustainable developmentÆ is often linked to the concept of ecological equilibrium, development that is self-replenishing. While its essential meaning remains the same, in practice, and for todayÆs complex and industrial world, different people will interpret sustainable development in different ways. Given the dynamics of development and the competing social, political and economic interests, sustainable development must be seen from a much broader perspective. This is the point that this paper will attempt to make. Mining, an activity that uses non-renewable resources, can promote sustainable development. The 1987 Brundtland Report (also known as the Report of the World Commission on Environment and Development), defines sustainable development in a broader manner - as development that meets the needs of the present world without compromising the ability of future generations to meet their own needs (Elkington, 1997). This definition calls for inter-generational equity in the development and use of resources by many organisations, including multinational corporations. Corporate sustainability, on the other hand, is about developing strategies that guide a corporation to stay alive and, more importantly, to stay ahead of its competitors. It is basically about survival in a competitive social and commercial environment. In a corporate world, profitability is survival. In this context, corporate profitability, the main ingredient of corporate sustainability, is important for sustainable development. Without profits, corporations will find it difficult to practice sustainable development or indeed any development. Sustainable development can integrate mining activities with the rest of the community, add value and, in the long-term, profits to the bottom-line. Ultimately, sustainability will force corporations to adopt strategies based on a longer time scale to survive. In the mining sector, corporate sustainability depends on a close relationship with all stakeholders, particularly landowners for whom sustainable development is critically important. Increasingly, there is an acceptance of the view that success is not achieved simply through competition in price, cost and technology but, more importantly, through creating social infrastructure which support community ethics, norms and values essential for trust and partnership. Needless to say, mining companies that engage in appropriate community-based development in support of inter-generational justice recognise the true value of sustainability. This is sometimes called the æhuman sustainability approachÆ which underlines the critical significance of trust in relationships with stakeholders and continuous improvement of corporate capabilities directed towards the future (Dunphy and Griffiths, 1998). In the long-term, such development will enhance corporate public image and acceptability. In practice, both concepts can be built on the principles of economic viability, environmental quality and social justice -what, in todayÆs parlance, is increasingly becoming known as the ætriple-bottom-lineÆ approach to business (Elkington, 1997). Underpinning this approach is a process of continuing dialogue and co-operation between governments, non-government organisations (NGOs) and business.

Jan 1, 1999

By Robert L. Frantz

This report is a part of the project "Study of the Human Factors Aspects of an Automated Continuous Mining Section". The report covers three phases: Phase I Assessment of the Impact of the Automation Technology on Mining Health and Safety. Phase II Estimation of the Cost-Effectiveness and Productivity of Automation. Phase III Prediction of the Psychological and Organizational Impacts of Automated Mining, The investigation determines that the automation of a continuous mining section will improve the health and safety of the miner, increase productivity and decrease mining costs, result in a more attractive and desirable working environment, and result in a greater rate of return on capital investment.

Jan 1, 1977

By N. H. Mannakee

SINCE the publication of the paper of Mr. Scholz, The Effect of Humidity on Mine-Explosions,' I have undertaken a study of the meager available data of barometric and temperature conditions it times of mine-explosions, and have arranged these data in a manner which may be of interest to other students of mine-explosions. This study covers the period from 1898 to 1909, during which an ever-increasing percentage of collieries has been ventilated by fans giving air-currents of high efficiency. Previous to 1898 this percentage was smaller than at any time since. The vari¬ous States have become, from time to time, more exacting in their demands upon poorly-ventilated mines. This general im¬provement in ventilation throughout the Appalachian field has undoubtedly brought about a condition which is annually the cause; .or a very important attendant, of the high percentage of fatalities in mine-explosions, through the daily passage of from hundreds to thousands of gallons of water, invisibly suspended in the air, carried out of the mines by the ventilating-currents during the existence of certain temperature- and humidity-conditions. There is a wide-spread opinion that these conditions exist from November 1 to March 31; but it is more likely that they have a much wider range, which varies from year to year. Certain years show an increase or decrease of rain-fall from the mean ; the daily temperature may fall far below or rise far above the mean established by a record of a period of years; and the daily humidity varies likewise. If mine-explosions are influenced by a lack of moisture in the mines, certainly it may be expected that the influence will be felt at times when the

Nov 1, 1909

By John B. Knaebel

This paper is one of a series being prepared by the Bureau of Mines on mining methods and costs at various mines in the United States, Canada, and Mexico, and is a description of practice at the Edwards mine of the St. Joseph Lead Co. ACKNOWLEDGMENTS The cooperation and assistance of the officials of the St. Joseph Lead Co. in permitting publication of this paper and providing every facility for its preparation are gratefully acknowledged. Especial thanks are extended R. J. Mechin, manager, R. F. Mitchell, mine captain, and J. S. Brown, geologist, for their generous aid, and the assistance of W. H, Weijola, mine engineer in assembling some of the illustrations is deeply appreciated, The helpful suggestions of C. F. Jackson, principal mining engineer, U. S. Bureau of Mines, are gratefully acknowledged.

Jan 1, 1932

By V. L. Burdick

A literature review of current uses of Mn02 in ceramic applications with suggestions for future research. Historical background, oceanographic distribution, geology, exploitation, law and politics. Uses of Mn02 in ferrites, semiconductors, catalytic processes, thermo-luminescence and photochromic materials. Select bibliography of 33 items, plus 129 references.

Jan 1, 1980

By José Arango Ortiz

Ante los problemas económicos ocurridos durante el proceso de tratamiento hidrometalúrgico de los minerales oxidados de cobre en Cerro Verde, se decidó suspender dicho proyecto y se planteó un nuevo sistema donde era posible la lixiviación de los sulfuros. En este proceso de investigación, el uso de perforación no convencional desarrolló una función importante puesto que permitió recuperar muestras de hasta 20 metros de perforación en condiciones difíciles. Por tal motivo, el presente texto describe los mecanismos de lixivación de sulfuros desarrollados a escala industrial por el proyecto de Cerro Verde II a través de la perforación y los muestreos de los pads de lixiviación.

Nov 24, 1986

By E. C. Lane

This is the first publication in a projected series of reports on properties of commercial motor fuels pursuant to a cooperative agreement between the Cooperative Fuel Research (C.F.R.) Committee and the Bureau of Mines of the Department of the Interior. The report gives results of analyses in oil-company laboratories of samples of gasoline obtained from service-station pumps in 18 marketing areas by representatives of oil companies. These companies obtained the samples and analyzed them for their own information and supplied data from their laboratory reports to the Bureau of Mines for compilation and publication. History of Bureau of Mines Gasoline Surveys The following quotation from Report of Investigations 3162/4 is included in this place for the information of readers who are not familiar with the Bureau of Mines gasoline surveys that have preceded the present report:

Jan 1, 1936

This is the first publication in a projected series of reports on properties of commercial motor fuels pursuant to a cooperative agreement between the Cooperative Fuel Research (C.F.R.) Committee and the Bureau of Mines of the Department of the Interior. The report gives results of analyses in oil-company laboratories of sample of gasoline obtained from service-station pumps in 18 marketing areas by representatives of oil companies. These companies obtained the samples and analyzed them for their own information and supplied data from their laboratory reports to the Bureau of Mines for compilation and publication. History of Bureau of Mines Gasoline Surveys The following quotation from Report of Investigations 31624/ is included in this place for the information of readers who are not familiar with the Bureau of Mines gasoline surveys that have preceded the present report:

Jan 1, 1936

By Junli Xu, Xianwei Hu, Kaiyu Xie, Liangxing Li, Zhongning Shi, Zhaowen Wang, Bingliang Gao, Aimin Liu

Al-Ti master alloys were prepared by aluminothermic reduction between the dissolved titanium dioxide and aluminum in cryolite melts at 960oC. The kinetic analysis by differential scanning calorimetry indicated that the apparent activation energy of the reaction of reducing titanium dioxide by aluminium is 22.3 kJ/mol, and the reaction order is 0.5. The products were analyzed by means of X-ray diffraction, X-ray fluorescence, scanning electron microscopy and energy dispersive spectrometer. Results from X-ray diffraction showed that the phase compositions of produced alloys are Al and Al3Ti. In addition, Al-Ti master alloys containing 2-6 mass% Ti were formed at different reduction time of 2-5h in aluminothermic reduction experiment.

Jan 1, 2015

By Neil R. Burns, Michael Doggett

Abstract - The Nanisivik mine offers a unique opportunity to examine the economics of a mining scenario from its original feasibility study through to closure. In the early 1970s, the Strathcona Sound project (exploration around the Nanisivik mine) had advanced to the point where a significant mineralized body had been defined and a feasibility study was initiated. The study supported development of the Nanisivik mine, with government investment in regional infrastructure, and the mine was constructed and operated for 26 years. Many elements of the feasibility study were difficult to estimate because the project was unique in its high Arctic setting. As a result, many differences were found when comparing the actual mining data to the feasibility study. The majority of these differences were the result of an actual mine life of 26 years instead of the planned 12.5 years. Most of the mining costs were higher than estimated and production occurred at a much higher extraction rate than planned. On a constant dollar basis, the metal prices were, on average, below the feasibility estimates. For the most part, these differences balanced out, with the actual mining being only slightly more profitable than anticipated in the feasibility study.

Jan 1, 2004

By Hernando Labarthe

El Banco Minero del Perú fue creado por la Ley 9157 con la finalidad de impulsar el desarrollo de la minería nacional. Su cumplimiento ha representado la creación de una política de inversiones instalándosr centrales de benefico para minería metálica en diversas regiones de la República. Sin embargo, los proyectos culturales contemplan el aporte de otras entidades financieras, para lo cual el Banco cuenta con organismos de control preparados y que tienen la suficiencia económica ,legal y necesaria para garantizar a los inversionistas extranjeros. En este sentido, el presente artículo señala la función del Banco Minero en la instalación y operación de sus plantas de beneficio y así como las ventajas,e instalaciones, organizando las proyecciones futuras de esta actividad.

Jan 1, 1957

By Eugene Frey

The Romur is one of several properties in the Copper Mountain mining district, Fremont County, Wyo., that contain scheelite deposits. The district lies on the southern slope of the Bridger Mountains, 18 miles northeast of Shoshoni and 15 miles from the rail point at Bonneville on the Chicago, Burlington & Quincy Railroad (figs. 1 and 2). The tungsten deposits occur in a zone of pre-Cambrian schists and gneisses that have been cut by numerous basic dikes and granite pegmatite dikes. Scheelite occurs in lenses and pods that lie parallel to the foliation and bedding in the metamorphic rocks. The more important deposits are found in a lime-silicate rock consisting primarily of zoisite but with small quantities of quartz and carbonate. Scheelite was found in December 1941, and the area was mapped by the U. S. Geological Survey early in 1942. In November 1942 the Bureau of Mines commenced work on the Stardust-Comet group for the purpose of developing reserves for war requirements. The initial work consisted of driving an alit in the ore zone a distance of 109 feet. This zone was sampled during the progress of the work, and subsequently surface and underground exposures on adjoining properties also were sampled (figs: 5, 6, 7, and 8). One hundred twenty-four samples were obtained. Sample and assay data are shown in tables 2, 3, and 4.

Jan 1, 1950

By W. J. Kroll

The production of beryllium metal and its alloys is one of the most difficult tasks in metallurgy. In this report we shall examine the progress made in this work- in the last 15 years; taking into account the outstanding publications, including; those of the patent literature, and the information obtained during our 20 years? experience with this metal. The difficulties experienced' in producing elementary beryllium derive from the physical nature as well as from the chemical behavior of the metal and its compounds. Its oxygen affinity is about the same as that of calcium and a little higher than that of magnesium. Its chlorine affinity is much lower than that of magnesium, about equal that, of manganese, and little higher than that of aluminum. The sulfur and nitrogen affinity is probably almost the same as that of calcium for these elements, and beryllium carbide is probably more stable than aluminum carbide, A14C3. The intermetallic affinity of beryllium may be given in descending order, as follows: Nickel - copper - iron. It forms eutectics with -aluminum and silicon as well as with silver. It does not alloy with magnesium and only partly with calcium. Its oxide melts at 2,570° C., but CaO and BaO form readily fusible eutectics with BeO(65).3/ No igneous solvents are known for BeO, which behaves id this regard like Mgo. The beryllium silicate is a strong compound, the aluminete much less so; however, CaO easily displaces Be in the heated mixtures. The Anhydrous chloride hydrolyzes, and it cannot be made from aqueous liquors. It sublimes at 488° C, and melts at 405° C., The fluoride, which, is very Soluble in water, hydrolyzes also, but a kind of oxyfluoride of the approximate formula 2 BeO?5 BeF2 can be made from solutions by dessication. The fluoride melts at 800° C, and boils above 1,100° C. It forms very stable double fluorides with alkalifluorides, which have very low melting points and are fairly soluble in water. They are more stable than the analogous fluosilicates and the sodium fluoaluminate cryolite.

Jan 1, 1945