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By M. S. King

"A simple method is proposed for determining the long-term deformation behaviour of evaporites. The theory developed can be tested by measuring the change in diameter as a function of time of a vertical mine shaft opposite evaporite strata. Ultimate shaft closures predicted by the theory agree well with those calculated with the very much more complex theory of Serata (1968), provided that sufficiently high octahedral shear strengths are used in the former.An analysis of measurements made in an isolated opening in a Saskatchewan potash mine shows that the octahedral shear strength of the surrounding potash and halite was approximately 500 psi several years after the opening was mined. This value is less than that deter-mined experimentally for halite by Serata. The same data indicate, furthermore, that the in-situ octahedral shear strength is decreasing slowly with time.The current controversy regarding the actual deformation of evaporites will only be resolved by the cooperation of potash producing companies in releasing data on the long-term deformation of their mine shafts."

Jan 1, 1971

By S. Dessureault

The relatively recent explosion of available data in all business sectors has induced a common expression of “drowning in data, starving for information.” The mining sector is affected by the information age through equipment-based sensors, process monitoring, and traditional enterprise data sources. Information technologists have developed techniques such as data mining that apply new and old statistical algorithms to large datasets. Mine planners and managers can apply these tools for improved planning and control, thereby increasing the use of the highly underutilized information system infrastructure in most modern mines. This paper describes the use of data mining and its enabling technology, data warehousing, in the development of an energy consumption model for large surface mines using real historical data.

Jan 1, 2007

By A. S. H. Kabir, I-H. Jung, J. Su, Yue. S., M. Sanjari

One of the major problems associated with conventional wrought magnesium alloys is the unwanted basal texture that forms during plastic deformation which generally does not change markedly after post-deformation annealing. Formation of precipitates on the recrystallized grain boundaries during annealing may affect the usual rotation of grains towards preferred basal direction resulting in texture weakening. In this study, Mg-Al-Sn alloy was hot compressed at 250°C and annealed at 350°C for various times. The initial as-deformed microstructure was partially dynamic recrystallized with dynamic precipitates on the grain boundaries. After annealing at 350°C, static recrystallization of the bimodal microstructure took place where at this temperature no static precipitates formed. The goal of this work was to study the effect of dynamic precipitation on the texture evolution during the annealing process. Texture evolution was studied during annealing by electron backscattered diffraction (EBSD) technique through a microstructure tracking process. It was found that precipitates on the recrystallized grain boundaries have significant effect on the usual rotation of the grains towards the basal direction, meaning significant texture weakening, which is beneficial for final mechanical properties.

Jan 1, 2015

By W. Abdellah

Underground mine developments, such as haulage drifts and cross cuts, play a vital role in providing access to ore extraction areas for mine production. The stability of mine developments is thus of crucial importance during the life of a mine plan. Many Canadian mines use longhole mining methods or one of its variants. These methods require access to the orebody through mine developments such as haulage drifts and cross cuts on multiple levels. This paper examines the stability of mine development access intersections with respect to the planned mining sequence. A case study, the #1 Shear East orebody at Vale?s Garson Mine in Sudbury, Ontario, is presented. A three-dimensional, elastoplastic, finite difference model (FLAC 3D) was created for a development intersection situated 1.5 km below ground surface. The stability, or performance of the intersection, is evaluated in terms of the strength-to-stress ratio. The ratio threshold is set at 1.4 for temporary openings. Unsatisfactory performance is defined as a strength-to-stress ratio less than this threshold value. The performance of the intersection stability is evaluated at various modelled mining stages and the probabilistic method of analysis is then invoked to study the probability of unsatisfactory performance of the intersection. The results are presented and categorized with respect to probability, instability, and mining stage.

Aug 1, 2013

By T. Nomura, N. Saitoh, K. Tamaoki, Y. Konishi

We have developed new recycling technologies, based upon an eco-friendly biotechnology, in order to extract precious and rare metals sourced from end-of-life products and electronics. We have been focusing on the metal ion-reducing bacteria, Shewanella algae and Shewanella oneidensis, that are able to reduce and deposit gold ions (Au(III)) or PGMs ions (Pd(II), Pt(IV) and Rh(III)) into metal nanoparticles at room temperature within 120 min. When processing the aqua regia leachate of printed circuit boards, Shewanella bacteria were able to rapidly and selectively collect gold ions under acidic conditions in the presence of heavy metal ions, proposing a new bio-recovery system for gold. This biotechnological procedure also has the potential to allow the recovery of PGMs from the leachate of automotive catalysts. Shewanella bacteria were also able to successfully perform the complete reduction and deposition of the PGM ions. The ability to collect the PGM ions suggests that this represents a new process for the biorecovery of PGMs from used automotive catalysts. Our proposed biological method enables the rapid and highly efficient recovery of precious and rare metals via separation and concentration utilizing microbial reactions at room temperature.

Jan 1, 2014

This paper focuses on the dissolution of various Manganese based compact additions into liquid Magnesium. The experimental procedure employed cylindrical compacts with various Manganese compositions. The various temperatures of the additions and the Magnesium bath were measured simultaneously during the immersion of the additions into Magnesium bath. The exothermicity level of these additions during their dissolution into liquid Magnesium was determined. The relation of the exothermicity level with the dissolution kinetics was also examined. In addition, SEM and EDX work was conducted for additions, which were withdrawn from the Magnesium bath. Finally, the recovery of these additions was estimated by taking samples from the Magnesium bath and conducting ICP analyses.

Jan 1, 2006

By K. Miao, W. Mu, M. Sharma, A. Haas, N. Dogan

"The ever increasing demand for cleaner steels with low inclusion content has highlighted the limits of our current knowledge for controlling and predicting inclusion agglomeration and removal during liquid steel processing. Key knowledge gaps in this area result from the complex nature of the problems associated with measuring and visualizing the phenomena studied. Confocal scanning laser microscope (CSLM) allows for continuous in situ observation of micron-size samples in real time, at high resolution, under conditions relevant to the steelmaking process. This paper summarizes some of recent CSLM applications in our laboratory to illustrate the methods of analyzing transient behavior. The reaction between inclusions and slag is given as an example. The dissolution rate of calcium aluminate inclusions in CaO-SiO2-Al2O3 slags has been studied at elevated temperatures: 1500, 1550 and 1600°C as well as thermodynamic/kinetic analysis. It is found that total dissolution time decreased with increasing temperature. The rate limiting steps are discussed. It is shown that the diffusion through a product layer is responsible for dissolution at 1500°C. At higher temperature, dissolution is most likely controlled by both boundary layer diffusion and chemical reaction at the slag-inclusion interface. In this paper, the evidence for and against the theory will be critically examined and repercussions of the theory to steel refining processes will be discussed.INTRODUCTION Inclusion formation during liquid steel refining is an unavoidable consequence of current ladle steelmaking processes. The nature and quantity of the inclusions formed in steel is critical in steelmaking, as it affects both productivity through clogging, and downstream physical properties of the steel. It is therefore crucial to better understand and control the formation, agglomeration and dissolution behaviour of inclusions in a slag in order to improve the removability of inclusions from liquid steel. Most research (Sandhage & Yurek, 1988; Sandhage & Yurek, 1990a; Sandhuge & Yurek, 1990b; Sandhuge, 1991) relevant to the kinetics of inclusion removal has been obtained by using a technique where simulated inclusion material (ceramic rods) is dipped in slag and the dissolution rate is measured. While much has been learned using this approach, the difference in scale from bulk materials to inclusions is likely to have a significant bearing on the dissolution kinetics of inclusions in a slag and will certainly result in a very different influence of capillary effects. Further, the data obtained using an indirect (dip test) procedure relies on a comparison of the initial and final conditions of a sample rather than in-situ observation which can be achieved in a confocal microscope in real time."

Jan 1, 2017

By R. L. Bruening, R. M. Izatt, N. E. Izatt, K. E. Krakowiak, S. R. Izatt

The need for selective metal separations has increased as the mining industry encounters more complex ore bodies and the demand for higher performance end products expands. Molecular Recognition Technology (MRT) is a green chemistry process that involves use of SuperLig® resins to selectively remove desired metals from a variety of solutions in mining and metals processing industries. Recoverable metal concentrations can range from multiple g/L to mg/L or less. The MRT separation process is based on green chemistry principles and can efficiently produce high purity metal products with minimal waste generation and energy usage. In this paper, applications of MRT to metal recovery and purification in the minor and specialty metals industry will be presented and discussed. Examples will be described involving cobalt, nickel, zinc, rhenium, iridium, indium, germanium, bismuth, and cadmium, as well as removal of lead and iron from process streams.

Jan 1, 2015

By T. W. Bingay

The production of both lead and zinc in Canada has steadily increased during recent years until today Canada ranks among the world's leading producers of both of these metals. The high prices which they have commanded have led to an energetic search for new deposits and also to an investigation of abandoned properties which, under the present conditions of better prices and more efficient methods of treatment, offer chances of commercial success. It is confidently expected that during the next few years success in both these lines of activity will further increase Canada's lead and zinc output, giving her a still higher ranking among the world's producers. In 1926, approximately 140,000 tons of metallic lead was produced from ores mined in Canada, and of this, 125,000 tons was refined in Canada at Tadanac, B.C. During the same year the production of metallic zinc from Canadian ores amounted to 68,000 tons, of which 62,000 tons was refined at Tadanac. History Of Lead and Zinc in Canada The production of lead in Canada is much older than that of zinc. The chief source has always been the interior of British Columbia. As earl y as the 'eighteen twenties', Indians and Hudson's Bay Company's trappers had discovered an outcrop of lead ore on the site of the present Blue Bell mine on the east shore of Kootenay lake, but it was not until1865 that active prospecting for lode deposits began. In the early nineties the activity of the silver-lead-zinc region of the Slocan reached its culmination and a steady production has been maintained down to the present time. Up to the end of 1924 the Slocan area produced over 38 million ounces of silver, nearly 300 million pounds of lead, and almost 122 million pounds of zinc.

Jan 1, 1927

By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001

By S. Banisi, M. Maleki-Moghaddam

Direct observation of charge shape and its motion in industrial mills is not possible; therefore, a combination of analytical and physical studies is used to determine charge trajectory. Software packages, which predict charge motion consider only the outermost layer of charge (single ball) and ignore the charge and the interactions of grinding elements. In the new version of the GMT (Grinding Media Trajectory) software, the effect of liners specification and bulk load on charge shape and trajectory are considered. The charge trajectory was measured in a laboratory mill with the diameter of 100 cm and length of 21.5 cm with the transparent end and compared with that of the old version of GMT. Four types of polyurethane rings were accurately machined to scale down the liners arrangements at two industrial mills. The model mill was operated at 55, 70 and 85% of the critical speed for five levels of mill filling (10, 15, 20, 25% and 30% by volume). The experiments indicated that the end walls effect was negligible for the model mill with the length of 10.8 cm and beyond. The proposed relationships to correct the trajectory and charge shape were validated by using the new liner of the Gol-E-Gohar iron ore company AG mill. The positions of shoulder, toe, toe departure and impact points were predicted with the relative errors of 5, 0.7, 2 and 0.2%, respectively. The GMT software was updated with the new relationships. The results of GMT simulation indicated that when the lifter face angle increased from 7 to 30°, the distance between the charge impact point and the toe decreased from 40.1 to 11.2° for 30% filling. The change in the position of the impact point meant increasing the probability of charge impacting the toe, not the liner which favored more efficient comminution practice.

Jan 1, 2016

By D. Song

In this paper, the differential equations governing the mass transport and the electrochemical reaction in a cathode catalyst layer of polymer electrolyte membrane fuel cells are solved based on the polynomial series expansion method. Explicit expressions for the polarization curve as well as for the distributions of oxygen, current density and overpotential are obtained when a quadratic, cubic or quartic polynomial is employed to approximate the oxygen concentration distribution. These kinds of explicit solutions are desirable for MEA design and diagnosis purposes. The comparison between the conventional numerical approach and the explicit solution approach proposed here shows that satisfactory accuracy can be reached by the first four terms of the polynomial series. The effect of the catalyst layer thickness on the accuracy of the obtained explicit polynomial solutions is also discussed.

Jan 1, 2005

By Hiroyuki Sano, Hiroshi Chida, Katsuya Toda, Takafumi Sasaki

Saganoseki Smelter & Refinery is one of the largest copper producers in Japan to produce 450,000 tons of new copper annually. Saganoseki used to operate six PS converters with "4 Hot-2 Blow" scheme, but managed to change its operation to "3 Hot-2 Blow" scheme with four PS converters, while maintaining the same production capacity. To achieve the operational change, the following improvements have been carried out; 1) Extending service life from 220 to 350 batches, 2) Shortening cycle time by increasing the blowing rate and the matte grade, 3) Reducing environmental impact by applying sophisticated fugitive gas collection system and 4) Saving energy by waste heat boiler’s modifications. The operational change has been successfully executed, and results in drastic productivity increase and cost reduction. Currently, Saganoseki is maintaining the efficient and consistent operation with 4 PS converters. This paper describes the above-mentioned improvements for increasing productivity and the recent operational conditions of the PS converters.

Jan 1, 2015

By R. Heikkilä

Fluent information exchange between different work phases, software and systems used in infra construction is a key for successful execution of infra construction projects. Open and publicly available information formats with the determined data models aim to facilitate the interoperability between different software and systems developed by competitive vendors. While building and construction industry has developed and used IFC format for years, infrastructure sector has just recently started to target clear efforts on the development of open information formats for infra construction processes. In the paper, a new Inframodel3 extension just developed in Finland and based on the LandXML1.2 international standard is to be introduced. The aim of the Inframodel3 was set to meet the requirements of information transfer needed especially between BIM based design software, measurement systems and 3-D machine control systems used in road, railway and watercourse construction projects. Some test results are reported and evaluated in the paper. In the field of bridge engineering, the IFC format and IFC Bridge extension have been tested and evaluated in Finland. The results from the experiments show and verify as well the applicability of these open formats to the information exchange requirements in bridge engineering. The current limits for open information transfer of these formats are shown. The active co-operation with the International Building SMART Organization has led to the achieved status and position for both the Inframodel3 and IFC Bridge formats and hence the continuing international support provided by Building SMART.

Aug 1, 2013

By F J. Pearce

The Steel Company of Canada, utilizing the S-L process, has produced partially and highly reduced pellets for use in the blast furnace. Experimental blast furnace tests, using reduced pellet burdens, have been carried out. The changes in production rate, fuel rate and general performance of both the S-L and the blast furnace processes are indicated. Introduction T HE ore burdens for a blast furnace may be improved in two ways: chemically, by concentrating the ore to a high degree of purity; and physically, by agglomerating or closely sizing the ore particles. Today, many b1ast furnaces are charged with closely sized agglomerates, some of which contain upwards of 66 per cent iron. The further improvement of these burdens by chemical concentration may, in many instances, be uneconomic due to the large losses of iron that occur during processing. Assuming that it would be possible to reject all of the gangue minerals, the maximum level of concentration of iron in the hematitic ores would be only about 70 per cent.

Jan 1, 1964

By F. Mohamm

"Recent changes in regulations and scientific advances concerning selenium bioaccumulation have placed greater importance on non-biological treatment systems for selenium control. Mining wastewater contains hexavalent selenium (selenate) as the predominant aqueous species and possibly small amounts of tetravalent selenium (selenite). Non-biological removal of selenite is accomplished readily and cost effectively by ferric co-precipitation and adsorption using ferric oxyhydroxides sourced from ferric salts or iron anodes in electrocoagulation cells. Selenate on the other hand is difficult to remove. It is often incorrectly assumed that electrocoagulation is suitable for removing both selenite and selenate. Selenate removal efficiency by electrocoagulation is low and the amount of waste residue produced high. In contrast, BioteQ’s Selen-IX™ process removes selenate very efficiently and produces a much smaller amount of stable residue. The process combines selective ion exchange with electro-reduction of selenate in electrocells that physically resemble electrocoagulation cells but are designed and operated differently. This paper summarizes four years of pilot scale demonstration on a wide range of mine waters and discusses the key benefits and limitations of Selen-IX™. The pros and cons of combining ion exchange with electro-reduction in comparison to direct electro-reduction of selenate are also reviewed.INTRODUCTION Selenium in Mining and Mineral Processing Effluents Similar to sulphate and metals, selenium presence in mining and mineral processing wastewater originates from minerals contained in the mined deposits. Therefore, no organoselenium species are typically present in these kinds of waters and inorganic species including selenite (SeO32-), selenate (SeO42) and elemental selenium account for the majority, if not all, selenium present in these streams. Elemental selenium is not always present in mine water but is often contained in smelter wastewater. To comply with new environmental regulations, a successful water treatment plant must remove selenium from all these forms effectively and economically without generating by-products that are difficult to dispose of or manage. Elemental selenium can be dealt with using filtration or gravity separation in clarifiers often assisted by flocculants and/or coagulants. Mine impacted waters typically contain other forms of suspended solids which are removed from water in this way. Once the solids are removed, the selenium species that remain untreated are the dissolved forms. In mining waters this is mostly selenate with small fraction of selenite. In smelter wastewater, the majority could be selenite. It is well established that tetravalent selenium is readily removed from water by using ferric iron co-precipitation at pH > 4 (NAMC SWG, 2010). Ferric hydroxide/ferrihydrite solids act as the adsorbent for tetravalent selenium when it is in one of the ionic forms of biselenite or selenite. This treatment for tetravalent selenium is highly efficient. Therefore, tetravalent selenium removal is generally not an issue and is often easily incorporated into lime neutralization or unit operations such as electrocoagulation used for removing other metals present in mine impacted waters. Another option of dealing with tetravalent selenium is sulphide precipitation in acidic pH which produces SeS2 and can separate selenite from other metals and/or sludge produced at neutral to alkali pH."

Jan 1, 2017

By D. C. McKechnie

To the examining engineer, the ever-recurring problem involving the valuation of ore in a prospect presents at different times highly divergent aspects- some entirely physical or mathematical, others essentially personal. The majority of the problems discussed in this paper are obvious to the engineer, and need little elaboration. By the prospector and the general public, however, a number of these questions are often and completely over-looked, or else approached in such a way as to produce final results which are, to say the least, misleading and at times decidedly erroneous. While the purpose of this paper is to deal with prospects or potential mines, many of the problems considered apply equally well to mines with developed ore reserves. As the usual showings on a prospect consist chiefly of a few open-cuts and a limited amount of underground development work, an estimation of the actual ore reserves is a question of minor import, and seldom enters appreciably into an estimation of the probable value of the particular property. The physical valuation of a prospect mainly involves the consideration of such subjects as the general geological features exposed, the strength and type of mineralization, the width and persistence of any associated veins, shear zones, fractures or contact zones, together with the possible grade, size, and continuity of any ore-bodies that may there occur.

Jan 1, 1930

Objectives ? New deposits can be found in mature Mining CampsNew Camps ? Volcanogenic Massive Sulfide (VMS) deposits ? polymetallicpolymetallicexamples are desirable exploration targets examples ? Genetic and exploration models for VMS deposits are robustrobust ? subtle but important differences exist between deposits and districts ? sometimes ??neglectedneglected??in resource modeling and exploration efforts ? ReRe-evaluation of a prominent existing camp is rewarding ? update on the exploration strategies currently being applied on a practical level The Falconbridge-Alexis approach includes GoCAD modelling

May 1, 2006

By P. Espinoza, I. Yutronic, J. Olivares

"Compañía Minera Doña Inés de Collahuasi's (CMDIC) Concentrator Plant is located at 4300 meters above sea level, approximately 2000 kms north from Santiago, Chile. The concentrator has three grinding lines. Each one, Lines 1 and 2, have one SAG mill at the primary grinding stage followed by a secondary grinding and classification stage consisting of one ball mill, two hydrocyclone batteries and a sump with two pumps. Line 3 has one SAG mill (Gearless Mill Drive), followed by a secondary grinding and classification consisting two ball mills, four hydrocyclone batteries and a sump with four pumps. Average throughput for these three lines is 150 Ktons per day. Peak values of 180 ktons per day have been achieved.Since late 2008 and throughout 2009 and 2010, Operations and Automation areas developed an optimization program for the grinding process, considering the implementation of Model Predictive Controllers (MPC) for the three SAG mills, and later, extending MPC to the secondary grinding and classification stages. The implementation of a MPC solution was based on stability considerations (high variability of the SAG process, high interaction between sump level control and classification efficiency, etc), requirements for an automated and consistent operation, the need to maximize throughput under timevarying scenarios and, in the long term, optimization of grinding process considering Specific Energy Consumption, among other parameters. MPC solutions had proven control robustness and strong optimizing capabilities in terms of helping in discovering new operational points and so achieving all of the aforementioned goals.On the first stage of the program, MPC implementation considered identification of dynamical process control models based mainly on historical data, in order to know the impact of a group of Manipulated Variables over Controlled Variables. Also, the impact of measured Disturbance Variables was modeled in order to take into account the high impact and interaction of these variables over the processes. At the end of this stage, 4 controllers were successfully operating for the 3 SAG mills and the secondary grinding and classification process. In response to challenges made by the working group, the second stage of the development of control applications in the grinding process required to achieve a design and implementation of a solution capable of governing the milling process, in addition to stabilization and optimization of both processes (SAG milling and secondary grinding), to integrate from a point of view of process control and automation. Therefore, in the second stage, MPC performance was continuously monitored and optimized through advanced tuning, inclusion of more process models (with proper step tests), redefinition of specific optimization criteria and adjustment to new process needs.Finally, successful MPC implementation at Collahuasi has proved that fast development and deployment of process control solutions is possible and allows immediate process stability, higher throughput, specific energy consumption reduction, and successful product size control, among many others."

Jan 1, 2012

By R. E. Stewart

"Using the concept of economic life and marginal analysis, it can be shown that proper equipment replacement timing can save a mining company many thousands of dollars. To assist management with determining the economic life of mining equipment, a new computer package has been developed. The package, called ERG (equipment replacement guide), incorporates all important economic factors related to equipment usage, such as operating costs, maintenance costs, salvage values, depreciation, volume of work, tax credits, inflation rates, ROJ, etc. The information is used in a series of equations which balance the costs of new equipment against the total cost of old equipment. The solution of the equations determines economic life and the point in time when the old equipment should be replaced. IntroductionIn an operating mine, equipment must eventually be replaced or downgraded for a variety of reasons. Fleets of haul trucks, dozers and other major pieces of equipment deteriorate over time until the mounting costs of maintenance and repair force either a major overhaul or the ir replacement by new and more efficient pieces of equipment.The question of determining the best time to replace old equipment has been approached in many different ways. Various methods, ranging from operating experience, intuition and physical necessity to sophisticated computer models have been devised to help cope with equipment replacement decisions . The best of the se will incorporate the most important economic factors related to equipment usage, such as operating and maintenance costs, salvage values, depreciation, work delivered, the cost of capital, tax credits and, of course, the effects of inflation.Economic TheoryThe fundamentals of equipment replacement theory grew out of the interaction between economics, engineering and finance. The use of annual cost comparisons and rate-of return calculations were helpful in handling situations in which assets with different finite lives were being compared. Later developments bringing together the concept of economic life and marginal analysis helped provide additional refinements to the theory. Taylorui showed that the displacement of an aging asset with a similar, but newer, asset can be justified economically when the marginal cost of keeping the asset one more year exceeds the minimum uniform annual cost equivalent of the proposed replacement."

Jan 1, 1980