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By Thomas D. Kaufmann

Whether pursuing hedging or speculative strategies, gold miners can increase sales revenues 1 % to 6% by constantly pricing production forward. Unlike other commodities, gold futures prices are consistently higher than spot prices. A Colorado School of Mines study showed theoretically and empirically that in the 15 years since the price of gold was released from government control, the forward price for gold has been higher than the current price almost 100% of the time. The reason why Metal traders know that holders of metal earn a bonus selling forward when the metal is in "contango." "Contango" is a mysterious word that crept into the trading vocabulary a century ago. It designates a situation when the price of a metal on the futures markets is higher than the price in the immediate or spot market. If the spectrum of spot and futures prices remains static over time, the forward seller who has contracted at a higher than spot price can make a profit equal to the contango by redeeming his commitment at the lower spot price when the contract matures. Consequently, when a seller in a contango market hedges, he makes a profit on the transaction in addition to avoiding a price change risk. On the other hand, buyers of the metal who hedge in a contango situation will sustain a loss equal to the contango. Producers of gold, however, are sellers of gold. For most metals and oil, there is no inherent reason why futures prices should be higher than present prices. Buyers and sellers decide that the price of the commodity will be lower or higher than present values for a variety of reasons.

Jan 1, 1991

By J R. Leeming

Mines require ventilation to ensure an adequate atmosphere for the sustenance of life, and to dilute, render harmless and remove contaminants.This paper describes the developments in the United Kingdom (UK) from natural ventilation, through the introduction of fire and simple fans, to modern fully independent and remotely monitored and controlled installations.CITATION:Leeming, J R, 2017. The history of mine ventilation in the United Kingdom, in Proceedings Australian Mine Vent Conference 2017, pp 271–276 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 28, 2017

By Dario Libano, Luis Carlos Tenuta, Juliano Penteado

"Subway Line Number 4 is one of the newest additions to the Rio de Janeiro subway network. Built for the 2016 Olympic Games, the 16 km (10 mi) subway line connects the south of the city, with the famous beaches Copacabana and Ipanema, to Barra da Tijuca, west of the city, where the Olympic Village and Park are located. This new line, which is estimated to cost USD 2.2 billion, is composed of six new stations: Jardim Oceanico, São Conrado, Gavea, Antero de Quintal, Jardim de Alah (JA) and Nossa Senhora da Paz Station.Brasfond participated in the construction of foundations and retaining structures for all the stations, and each presented unique challenges. This is not surprising considering the difficulties present in a highly-dense urban environment including utilities, nearby buildings, traffic limitations and noise.Of all the stations, JA Station was the most challenging to construct. It was located in the middle of an avenue between residential high rises supported on shallow foundations as well as below sea level in sands with high groundwater. The other five stations were located in small parks and squares, with no buildings in the immediate proximity.The interaction between designer, owner, and the general and foundation contractors during execution was key in safely reducing the construction schedule. This was significant given the unforeseen construction delays the client, Linha 4 Sul JV, faced due to permitting, utility and traffic relocation so that the owner could fulfill their final goal: making the line operational by the Olympic Games. The GeologyGeologically, the state of Rio de Janeiro is formed by Pre- Cambrian crystalline basement rock. Its geological formation is very old and comprises two major orogenic cycles, a Mid-Precambrian formation, called “Transamazonian” (Proterozoic Era), and an Upper-Precambrian to Cambrian called “Brasiliano” (Proterozoic-Paleozoic). The soil structure of the city of Rio de Janeiro is represented by a core of crystalline rocks, usually granite-gneiss, covered with a layer of residual soil and/or partially weathered rock.JA Station is located in a Rio de Janeiro neighborhood called Ipanema, between the Atlantic Ocean and Lagoon Rodrigo de Freitas. Local geology is composed of a superficial soil, consisting of medium to coarse grained sands. Top of rock varied significantly from 20 m (66 ft) deep on one side of the station to 33 m (108 ft) on the other. Water is at a depth of 3 m (10 ft)."

Jan 1, 2016

By I. R. Firth, D. L. Taylor

Metal mining operations, in particular gold mining operations, use intensive ore control procedures in order to manage the extraction of ore zones from benches containing both ore and waste material. Typical grade control procedures rely on blast hole samples to indicate ore grade. Statistical techniques and geological controls are then used to create two-dimensional polygons, which indicate zones of material designated as ore. These ore-polygons are calculated using pre-blast material locations and are generally not corrected for rock movement caused by blasting. This lack of correction appears to exacerbate the material mischaracterization problem of sending ore to the waste dump and/or waste to the mill. One Nevada gold mining company has estimated that this could be a $10 million per year problem for their operations. Using a simplified vector field algorithm, a method of taking point movement data and interpolating post-blast positions for all nodes in a polygon has been developed. Currently working in 2-dimentions (X-Y), this algorithm utilizes the movement vectors calculated from pre-and post-blast positions of targets placed in a blast, to generate a spatial transformation function for any point on the bench. This transformation is then applied to the nodes of the ore-polygons to produce modified dig lines ore polygons reflecting distortion and movement resulting from the blast. The method as implemented uses common mine planning routines and is performed using the Surpac software suite. The method may be adapted to use any pre-and post-blast point movement data available, and most mine planning suites include the simple interpolation algorithms used. Keywords: Blast movement; Ore control; Open pit blasting; Grade control

Jan 1, 2003

By E. V. Manlapig

This review paper describes recent advances that have been made at the Julius Kruttschnitt Mineral Research Centre (JKMRC) in Brisbane in developing a framework for simulating the flotation process. The work has been carried out collaboratively with the Mineral Processing Research Unit of the University of Cape Town in South Africa (UCT), as part of the Australian Minerals Industries Research Association (AMIRA) P9 Project. The framework consists of four components, namely – the mathematical model of the flotation process, suitable measurement tools for characterising the flotation cell, a computer program for modelling and simulating the process and the plantas for testing and validating the flotation models. A brief description of the model is first presented, then a number of applications of the model are described. The paper shows how the model can be used to optimise the performance of flotation cells, and then two case studies on the modelling methodologies are described. Finally the current and future plans of the project are outlined.

Jan 1, 2001

By M. Abdelkhalek, M. Hepworth, D. Tao, B. K. Parekh

Pre-combustion coal cleaning and post-combustion flue gas desulfurization (FGD) using lime or limestone are the primary methods employed to reduce sulfur dioxide (SO2) emission from coal combustion. These processes generate voluminous pyrite and gypsum solid wastes that are usually landfilled, occupying thousands of acres of land and creating serious land and water pollution problems due to the release of acids and toxic substances. An integrated process has been developed for the combined utilization of gypsum and pyrite wastes by converting them into useful products including lime, sulfur, and direct reduced iron (DRI). The process includes four major steps. The first step is to concentrate pyrite from coal preparation tailings using flotation or gravity separation. The second is the thermal decomposition of pyrite into pyrrhotite and sulfur. This is followed by the reduction of pyrrhotite with carbon in the presence of lime to produce iron and calcium sulfide. The fourth step involves the reaction of calcium sulfide with gypsum to produce lime. The chemical reactions involved in the process were studied using thermogravimetric analysis (TGA) and X-ray diffraction (XRD)techniques. Process variables studied included reaction temperature, time, reactant composition, and purity of reactants.

Jan 1, 2000

The paper presents the development of an integrated computer aided design and planning of open cast mining, with the use of object-oriented modelling and geoinformation technologies, on the example of interaction of the subsystems on planning optimisation and freight traffics.

Dec 6, 2010

By C. A. Rawlins

In an underground mine the ingress of heat can generally be attributed to two sources (Rock exposure and artificial mechanisms). The heat load relating rock exposure is subdivided into stoping [~40%] and haulages [~20%]. Rock is exposed to the ambient air and as a mine increases in depth the VRT (Virgin Rock Temperature) increases which leads to more heat ingress underground. To counter the heat ingress, especially in low-seam stoping areas of a deep level mine, air is, a) cooled artificially, b) the amount of rock exposed is reduced in the back areas of a stope by backfill applications, and c) ventilation air is used more efficiently. The heat reduction within a stope due to placed backfill could amount to ~50% for operations mining at a mean rock breaking depth of about 4500 mbc (metres below collar). Unfortunately, due to backfill transport methods, the physical fluid properties and application methods adopted, additional heat is induced into the air. The heat ingress due to backfill application could amount to as much as 25% of the overall in-stope heat load. This heat influx, seen as a negative aspect of backfill operations, is nevertheless overshadowed by the overall in-mine heat load reduction capability of about 20% attainable. The in-stope benefit [~50%] attainable from backfill operations could be increased with the incorporation of a heat exchange (cooling) methodology to offset the additional heat ingress into the surrounding air of a deep underground mine.

Jan 1, 2003

By I. Petrovsky

Presence of the ground water, especially flowing water, causes limitations in the type of the explosives, which can be used for the blasting development in the open cats and quarries. This presents really big problem in Russia, because more than 70% of the blasting holes are wet and filled by flowing water. The waterproof explosives need to be used in these conditions, which increases the cost of the blasting development. So the search of the methods to remove the water from the blasting hole and to prevent direct contact of the explosive material with the water is important. It will give possibility to use nonwaterproof explosives (such as ANFO) and decrease the cost of the blasting development.

Jan 1, 2003

By S. Strömberg, A. Jokilaakso

Two complex copper concentrates and one arsenical nickel concentrate were oxidized in simulated flash smelting conditions using a laminar-flow furnace. The concentrates contained tetrahedrite as Sb-bearing mineral and arsenopyrite and gersdorfite as As-bearing minerals. At high temperatures and low oxygen potentials, Sb tended to vaporize, but with high oxygen potentials it was captured in mixed oxide phases with copper and iron. Arsenic was found to follow antimony in copper concentrates, although with less sharp contrast between low and high oxygen potentials. In the nickel concentrate studied, arsenic was found to vaporize from the gersdorffite particles and, subsequently, condense on the other particles.

Jan 1, 1998

Jan 1, 1967

Beneficiation Studies of Dolomitic Rock Phosphate in Pursuit of Zero Waste Technology - A Case Study

Sep 13, 2010

By R. Laplante, P. Radziszewski, P. De Ciccio

"Predicting the effect of wear can lead to improved control strategies that can possibly minimize the risk of catastrophic failure due to wear while maximizing useable life. In the field of geological exploration, diamond drill rod wear illustrates just such a case. Wear conditions vary with geological formations and compositions. The objective of this paper is to determine a general relationship, based in theory and practice, that will approximate drill rod wear and therefore predict remaining drill rod life in the context of Canadian, Australian and South American drilling campaigns. Simulation results allow the definition of simple graphical tools that permit the estimation of the potential drill depth remaining on a given drill rod string. IntroductionWear, in many industrial processes, is an undesired phenomenon for which enormous efforts are made to control, if not eliminate. However, wear, in many other cases, is an intrinsic phenomenon of the given process. In such cases, predicting the effect of wear can lead to improved control strategies that can possibly minimize the risk of catastrophic failure due to wear while maximizing useable life. In the field of geological exploration, diamond drill rod wear illustrates just such a case where abrasive conditions vary with geological formations and compositions.A number of studies have been published on drill rod wear especially with regards to the petroleum industry over the last thirty years (Lewis, 1968; Rollins, 1968; Smith, 1978; White 1978; Rowe and Wilson, 1981; Cheng, 1982; Eustes, 1986; Dudman et al., 1989; Besaisow et al., 1990). Of these, most studies covered management techniques (Rollins, 1968; Smith, 1978; White, 1978; Rowe and Wilson, 1981; Besaisow et al., 1990) and some described case histories (Cheng, 1982; Eustes, 1986; Dudman et al., 1989). However, little (Lewis, 1968) was presented that could aid in predicting wear in the particular case of diamond drilling in the metal mining industry.The objective of this paper is to determine a general relationship, based in theory and practice, that will approximate diamond drill rod wear and therefore predict remaining drill rod life in the context of Canadian, Australian and South American diamond drilling campaigns."

Jan 1, 2002

By C. Restarick, R. G. Robins, R. M. Taylor, I. Ennis

Lime addition to acid mine drainage waters (AMD), possibly accompanied by aeration, has been the basis for their remediation by precipitation of predominantly metal hydroxides. An efficient novel alternative technique causes precipitation of double M(II)-M(III) hydroxy sulfates which readily precipitate and are easily dewatered. When the Fe(II)/Fe(III) + Al(III) ratio of the AMD is appropriate, the Green Precipitate (GP) Process provides a more effective alternative to normal liming/aeration. The process can be adapted to give a continuous in-line treatment by the choice of suitable computer-controlled reactors designed to improve the liming efficiency, reduce scaling and control the rate of treatment. The processes are described in terms of the chemistry involved.

Jan 1, 2000

By E. Hughes, D. Akers, D. Stopek

The Upgraded Coal Interest Group (UCIG), focuses on clean, low-cost options for coal-based power generation via pre-combustion, co-firing and reburn options. Its mission is to preserve and expand the economic use of coal for energy. By reducing the fuel costs and environmental impacts of coal-fired power generation, existing units become more cost effective and thus new units utilizing advanced combustion technologies are more likely to be coal-fired. Two great forces are reshaping the power generation industry, the Clean Air Act Amendment and deregulation of generation. The Clean Air Act Amendment is forcing change by making it necessary for power producers to plan for reducing emissions of sulfur and nitrogen oxides and possibly trace elements. At the same time, deregulation of generation is forcing utilities to focus their attention closely on the short term impact of any change on cost of power. Fuel is a utility's largest cost element; maximum fuel flexibility will be a utility's best weapon in an environment of rapid change. In a regulated environment, a utility was limited in how involved he might get into fuel supply, in a purely deregulated environment he need only be guided by the impact on the bottom line. It is clear that these two forces will promote a close look at factors such as coal upgrading which can have an impact on the availability of low sulfur coal or emission of NOX and trace elements.

Jan 1, 2000

By M. G. Irish, E. E. Vidal, M. J. Jahraus, P. R. Taylor

An experimental system has been designed to monitor on-line variations of leaching parameters in a closed circuit of cyanide leaching solutions and gold bearing ores. Experiments performed to deter-mine variations in some important leaching parameters of the solution: pH, dissolved oxygen, free cyanide, oxidation/reduction potential, gold content, temperature, pressure and solution chemistry. By comparing results obtained when the leaching solution is allowed to become acid or kept basic, it was possible to infer the chemical reactions that occurred between the solution and the ores.

Jan 1, 2004

Jan 1, 1968

By Chas. F. Jackson

The annual reports of the supervising engineers of the nine sections comprising the Mining Division are assembled here and constitute the annual report of the division. In planning activities the aim is to adapt them to changes in conditions, in the needs of the mining industries, and in the public interest; those that contribute most to solving the present problems are emphasized, investigations of less immediate importance being recessed if necessary. The strategic minerals investigations of the bureau afford an example of this change in emphasis to problems of immediate and urgent interest, and during 1941 they comprised, upon the basis of appropriations and expenditures, more than 90 percent of the work of the division.

Jan 1, 1941

In September, a fleet of 363-t (400-st) Liebherr trucks became operational in Brazil and have already begun moving iron ore in Para state. Prior to the arrival of the the trucks the Brazilian fleet relied on trucks up to 218 t (240 st). With the addition of the 363 t (400 st) trucks, the fleet has since experienced the high productivity offered by Liebherr T 282 B trucks.

Jan 1, 2010

By Patrick Moore

In 1971 the government of British Columbia issued a permit for the Island Copper Mine to commence disposal of 33,000 tons per day of mine tailings into Rupert Inlet, a marine fjord on the northwest coast of Vancouver Island. There was considerable controversy surrounding the development, public hearings were held, and as a requirement of the permit the company was obliged to carry out a comprehensive environmental monitoring program. The results of this program provide a thorough assessment of the environmental impact of submarine tailings disposal over the 24-year life of the mine. Following closure in December, 1995, the monitoring program continued for three years to determine the extent of marine ecosystem recovery and re-colonization. It is apparent from the findings of the monitoring program that the mine tailings were dispersed more widely than was originally predicted. It is also clear that widespread heavy metal contamination has not materialized. In retrospect it appears that submarine tailings disposal has resulted in far less severe environmental impacts than if the alternative of land disposal had been adopted. This review highlights significant aspects of public policy decision-making, design of environmental monitoring programs, and questions of interpretation of monitoring program data.

May 1, 2002