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By Douglas B. Silver

"Editor’s note: Douglas B. Silver, Portfolio Manager, Orion Resource Partners, was the keynote speaker at the 2017 SME Annual Conference & Expo in Denver, CO on Feb. 19, 2017. He also gave the keynote address to the SME Annual Conference in 2008. The following is his 2017 keynote address with a few of the slides that were presented. The full speech is available on YouTube https://www.youtube. com/watch?v=uF0qwGJIX3UIn 2008, I had the privilege of giving SME’s keynote address. At that time the financial markets were on the verge of collapse and my presentation described the issues. Unfortunately I was correct, and global markets went into a steep nosedive, creating the largest economic downturn since the Great Depression.In hindsight, there were plenty of signs that this was coming. The Supercycle had created massive new wealth. This wealth was largely invested in the United States due to the country’s political stability and credit worthiness. In 2004, the large investment banks convinced the U.S. Securities Exchange Commission (SEC) to allow them to triple their borrowing leverage ratios. This made the banks more vulnerable to market volatility. The banks then lent money to NINJAS - people with no income, no job and no assets. Even worse was the fact that these unqualified home owners used adjusted-rate mortgages (ARMs) which they, of course, intended to refinance prior to interest rates rising. These mortgages were then bundled up by the banks and sold to investors as “safe” investment products. The money flowed into these products because the rating agencies gave these instruments high marks. These same agencies earned their fees from the very same banks seeking high ratings. (No conflict there). Private debt exploded and peaked out in 2008.These mortgage products were sold in an unregulated shadow banking system and the ARMs came due. Toxic mortgage default rates skyrocketed and the mortgage-backed securities collapsed in value. This house of cards had a negative feedback loop that accelerated the market crash and resulted in more than $1.5 trillion being lost in the securitization sector, a 47 percent decline in the Dow Jones Industrial Average, foreclosure rates skyrocketing and housing prices collapsing. The financial markets were in a nosedive."

Jan 8, 2017

The exploitation of mineral deposits for economical recovery of the contained minerals has many aspects differing from other industrial or manufacturing operations. However, generally accepted principles of good organization and management applicable to industrial plants are similarly effective for mineral processing plants. A more detailed coverage of organizational structures and management techniques than is possible in this section can be obtained from many good books devoted wholly to these subjects. A few of the more readily available examples are included in the general references at the beginning of this section. The field of mineral processing encompass a wide variety of minerals, processes, flowsheets, equipment, and end products. Mineral deposits, mines, and related beneficiation plants are found in all parts of the globe, often in remote locations with no nearby support for supplies and maintenance. Available labor is frequently unskilled, sometimes primitive, and often untrained without machine and hand tools or heavy equipment experience. Such situations call for well- planned and conducted training programs covering the full range of mining-type job skills. Climates can range from arctic to tropical and from arid to extremes of rain or snow, and the mine and plant sites can be almost anywhere. However, it is often possible and sometimes necessary for

Jan 1, 1985

By Jerry Grott

Southwest Salt Company is solution mining the Luke Salt Body of probable late Miocene age. The discovery hole, from which the first core was recovered, was drilled in 1968. The deposit was encountered at a depth of 880 feet, and the bit was still in salt at the bottom-hole depth of 4,500 feet. The solar ponds, developed on land formerly dedicated to agriculture, have an annual capacity of about 90,000 tons. Because land values are very high, mining rates and procedures are governed by the need for near-saturated brine to minimize land requirements. Because of the frequency of dust storms, the salt operation uses a unique wet-harvesting method. Most inventory is kept in the ponds under brine and harvested only a few days before shipment. Studies of the nature of crystal growth and the distribution of windblown and brine impurities led to the development of procedures for processing salt of high chemical purity and low insolubles content. Chemical purity exceeds that of most salt produced in fuel-fired evaporators. Salt is shipped from Phoenix as tar east as west Texas and as far west as central California. Occasional shipments have been made to Hawaii and Alaska.

Jan 1, 1987

By Steve Wirch, Robert Jankowski

The issue of dust control in underground coal mines has been extensively studied by both government and industry. This research work has resulted in many techniques which control the dust or help miners avoid it. Control techniques either prevent the dust from becoming airborne or cleanse the air before it can be inhaled. Avoidance measures minimize the exposure of miners to the airborne dust by blowing the dust away from work areas or making it unnecessary for a miner to occupy a dusty region. One of several successful dust control measures in continuous miner sections is the use of a machine mounted scrubber which cleanses the air and helps to prevent the contaminated air from reaching areas frequented by mine personnel. Research on the application of scrubbers on longwall shearers began in the 1970s and continued into the 1980s. The most successful projects showed only moderate improvement when a scrubber system was mounted on a longwall shearer, and the less successful projects actually increased worker dust levels. There are many reasons that scrubbers have not been successfully applied on longwalls. The most significant of these is that longwalls have across the face ventilation and generally have high face air flows. Scrubbers tend to work best when they are the primary cause of ventilation. Therefore, their capture efficiencies on longwalls tend to suffer because of the exposure of the drums to the primary airflow. Other reasons scrubbers have not been implemented on longwall s include the successful application of an excellent water spray system, effective cutting techniques, and dispersion of dust sources. These techniques can help control drum generated dust, increase production, and limit the relative effectiveness of a scrubber.

Jan 1, 1995

By M. A. Anderson

After mope than fifty years Of Continuous operation, the Nevada Mines Division found itself faced with declining ore headings and metallurgical efficiencies, and rising operating costs. Although intensive process improvement programs had been initiated at various times in its history, insufficient return on investment served to defeat plans for any major changes in circuitry. The advent of practical large-volume flotation machinery, along with the success of long-range exploration drilling programs, complimented the results of an intensive program of research and development. The result of laboratory testing, pilot plant testing, and full scale plant tests was the proven indication of metallurgical improvement given increased flotation residence time and the effect of mechanical agitation in flotation.

Jan 1, 1975

By Richard L. Ash

Usually stresses generated by explosive charges during blasting are considered to propagate through materials in a spherical manner. Although conical stress-waves had been suggested by a few investigators they have never been clearly defined or critically observed. An experimental technique using models and lengths of Mild Detonating Fuse was developed to produce conical stress-waves and study their effects. Several materials with different properties were tested to compare the influence of those properties on wave shape and crater formation. The investigations showed that whenever column charges were end-initiated, conical stress-forms were produced if the explosive's velocity exceeded the energy propagation velocity of the surrounding material. The stress-cone angle significantly affected fragment size and shape as well as the geometry of craters produced.

Jan 1, 1967

By M. Bidart, V. Sawyer, M. Saunders Macdonald

A number of open pit gold mines in Nevada extract ore from areas that are below the natural groundwater elevations. This necessitates dewatering, which requires a method for the disposal of the extracted water. Some of these open pits extend well below, the water table with dewatering volumes greater than 10,000 gpm (38,000 L/min). Some mines with large volumes of dewatering water have constructed reinfiltration basins to reintroduce the water into the groundwater system at a point some distance from the pits. This paper presents an overview of the state of the art of reinfiltration projects, including the permit process for such projects in Nevada. The paper includes the necessary engineering considerations.

Jan 1, 1997

By Edward H. Eisenbrey

This paper is primarily concerned with the exploration for massive sulphide orebodies. In a discussion of this type, it seems appropriate to establish a few definitions so that all parties may consider the same beast and its habitat. First, the term "massive sulphides", as used here, not only denotes a body of mineralized rock containing in excess of 50% sulphides by volume, but a mass of sulphides that respond as a conductor to the electromagnetic (EM) systems currently in use in exploration. "Disseminated sulphides" refer to all of those sulphide occurrences that respond to the Induced Polarization (IP) geophysical methods most commonly in use in porphyry copper exploration. This latter definition may also include the disseminated sulphide halos so frequently found associated with massive mineralization as well as banded and stringer sulphide mineralization. It is plain to see that these two end members of our definitions can easily blend into each other. The term "volcanogenic" refers here to any and all geologic processes that have their origin in volcanic activity. Thus we are concerned here with the exploration for massive sulphide ore deposits derived from and affected by contemporaneous and post mineral volcanic activity. Furthermore, most massive sulphide deposits are apparently formed in a submarine environment, deposited with extrusive rocks and sediments and/or chemical hot spring accumulations, then enclosed and protected by the addition of more volcanic and sedimentary material then, probably folded and deformed into one of their myriad of shapes.

Jan 1, 1973

By Brian F. Osborne

A continuous on-line particle size analysis system for solid/liquid suspensions is described. The basic sensor utilizes a centrifugal principle to separate particles according to size, the resultant separation being measured by means of beta-ray attenuation. Results obtained when analyzing a variety of materials at sizes from 65 mesh (210 microns) to 20 microns are discussed in de- tail. Accuracies better than 2% are demonstrated. The effects of particle specific gravity, and mixtures of materials of diverse specific gravities, are discussed from a practical and theoretical viewpoint. It is demonstrated that particle specific gravity has a minimal effect on the size reading obtained. This renders the instrument suitable for handling materials where the ratio of light to heavy component may change. The design of the first commercial installation of this instrument is described in detail. This installation will be capable of analyzing three streams in sequence, measurement at three particle sizes being effected on each stream.

Jan 1, 1973

By Hasan Nizamoğlu, M. Deniz Turan, MÜCEVHER TURAN, RAMAZAN ORHAN

Tailings (flotation waste) that is formed during copper production may be considered in the class of valuable wastes due to the amount of copper it contains. Owing to the decreasing grade values in copper ores, utilization of wastes such as tailings that carry certain amounts of copper as secondary sources has become a necessity in both the economic and environmental sense. This study investigated the usage conditions of five different ammonia salts as leaching reactants for the purpose of selective extraction of copper from tailings. For this purpose, the effects of parameters such as leaching temperature and leaching time were examined at different concentrations of ammonium hydroxide, ammonium carbonate, ammonium nitrate, ammonium chloride, and ammonium persulfate. The copper extraction efficiency in the case of using the aforementioned salts by themselves were listed as (NH4)2CO3 (73%) > (NH4)2S2O8 (69%) > NH4OH (64%) > NH4Cl (42%) > NH4NO3 (40%). The highest copper extraction efficiency was obtained in the leaching process that was conducted with the solutions obtained by mixing ammonia salts in the best conditions. Accordingly, as a result of 6 h of leaching at 30 °C in the presence of 22.5% NH4OH and 100 g/L (NH4)2S2O8, 91.47%of the copper was transferred into the

Jun 3, 2020

By T. O. Kuhl

The Royal-Mountain King Project is 7.2 kilometers (4.5 miles) northwest of Copperopolis, California. Reserves of 8,250,000 t (9,100,000 st) at 2.32 g/t (0.068 oz/st) gold will be processed at 2500 t/d (2750 st/d) from three pits. Production is scheduled to begin the first quarter of 1989. District geology consists of northwest trending sequences of Jurassic meta-sedimentary and meta-volcanic rocks. Three ore bodies are located along the Hodson fault which trends northwest and dips 40 degrees northeast. The Gold Knoll and North Pit ore bodies are hosted in carbonate and silica altered meta-volcanic rocks whereas the Skyrocket ore body is hosted in quartz stockwork zones in meta-sedimentary rocks. Gold is present as inclusions and micro-veinlets in pyrite.

Jan 1, 1989

By M. K. Gangal, E. D. Dainty, G. Kunchur

This paper presents a validation of C02 as a single surrogate measurement for other diesel-emitted pollutants in multi-diesel-machine operations typical of small underground mines. This means that the simple measurement of C02 alone can be used to estimate the concentrations of other components of diesel exhaust in the mine environment. The linear relationship of C02 concentration with other diesel-emitted pollutants was indicated by the results of simultaneous real-time monitoring of C02 with CO, NO, NO2, SO2, Respirable Combustible Dust (RCD), and Air Quality Index (AQI) in several small underground mines. The SO2 was not directly measured but calculated from the measured C02 concentration and diesel fuel analysis for carbon, hydrogen and sulphur. The measurements were made in the return air drift under various mining conditions involving a number of diesel LHDs and haulage trucks. The statistical analysis and mathematical representation of the several components of diesel pollutants with C02 are presented. Regression analysis shows that at the 1 percent level of significance there is a strong linear relationship of these diesel pollutants with C02. This relationship is discussed in detail, concluding that C02 measurement alone is a good indicator of overall mine air quality and can be used as a control parameter.

Jan 1, 1991

By J. L. Fuller

Thousands of mine air samples are taken underground each year by MSHA inspection personnel in order to further assure that miners have a safe and healthy environment in which to work. While most air samples are taken with stain tubes, many samples are obtained in evacuated containers and returned to a laboratory for more accurate analysis on a gas chromatograph. In order to enhance the accuracy, reliability and repeatability of the samples taken with evacuated containers, improved procedures have been developed, which are described in this report, for filling two different types of evacuated sample containers using either mechanical or electrical pumps. In those instances, such as when sampling strata gases in drill holes, where mathematical calculations may be required for proper sampling, example calculations are provided. The use of a third type of evacuated container, which is generally restricted to non-specific sampling of the ambient mine atmosphere, is also described.

Jan 1, 1986

By John E. Butler

Due to the present economic climate, particularly the depressed copper market, conventional mining, milling and flotation operations have been suspended. However, due to the apparent amenability of the ore to 'natural' leaching, investigations have been initiated into establishing an in-situ leaching operation as a preferred alternative to conventional operations. Cement copper production has been developed in parallel with the leaching trials and is presently at the rate of approximately 3,000 tonnes of contained copper per annum. Testwork includes controlled leaching of ore both in the laboratory and in-situ following blasting.

Jan 1, 1981

By D. Kumar, R. J. Sweigard, J. Silva

The Forestry Reclamation Approach (FRA) recommends that the upper 1.22 m (4 ft) of spoil material on reclaimed surfaces should be left as uncompacted as possible to facilitate efficient tree root growth. However, the main concerns about applying the FRA to steep slopes is that the upper 1.22 m (4 ft) of loose spoil material could cause instability. Successful application of the FRA on the flat and rolling surfaces precipitated this investigation. Details of a field investigation conducted at a steep-slope mine site are available in an earlier publication (Kumar and Sweigard, 2011). A total of 70 survey monuments were driven into the slope in a regular pattern to monitor any type of slope movement. Quarterly surveying of the monuments were done to quantify slope movement, either horizontally or vertically. The methodology developed in this research for field slope movement monitoring was validated using computer model results. Analytical models based on the limit equilibrium method (LEM) and numerical models based on the finite element method (FEM) were developed for slope stability analysis. The LEM analysis was done using the Geo-Slope/W program following the simplified Bishop method. However, numerical models were developed using the PLAXIS computer program following the Mohr’s Coulomb failure criterion and strength reduction technique. The slope stability analysis was performed for two different scenarios: first with the top 1.22 m (4 ft) of loose graded spoil material and second without top loose graded spoil material. Finally, the field investigation results were compared with stability analysis results. Both of these approaches showed that application of the FRA on steep slopes is not causing any significant instability problems, due to 1.22 m (4 ft) loose graded spoil that would not exist otherwise for overly steepened slopes.

Jan 1, 2013

By Paul F. Ph. D. Ziemkiewicz, Courtney D. Black

According to the American Coal Ash Association, 105 million tons of coal combustion products (CCP) were produced by the power generating utilities in 1997. Of that total, 1.68 million tons were used in mining applications (ACAA, 1997). Results have ranged from the environmentally beneficial to neutral and, in some cases, detrimental. Twenty years ago coal ashes: bottom and fly ashes constituted nearly all CCPs. With the shift to new emission control technologies at power plants, however, large volumes of new products are being generated. Many do not lend themselves to traditional ash applications such as cement formulation. Many CCP disposal sites are not documented with reliable pre and post application monitoring. In this report we discuss types of CCP, their relevant characteristics and the mining environment. We have attempted to identify a range of documented applications and to draw conclusions about their environmental effects including benefits and adverse impacts.

Jan 1, 2000

By M. A. Ouederni, G. C. Chorosz, E. P. Déliac

This paper deals with the heat flow problems in deep workings (depth greater than 1000 m in France). The approach benefitted from experience gathered in France and South Africa. Deep mines are located in the East of France (coal in Lorraine and potash in Alsace), where the geothermal gradient can reach 4 'C per 100 m (Virgin Rock Temperatures, VRT, around 50 'C). This paper is concerned with the following topics: method of studying the heat flow problem on a mine-wide basis, specific models for heat and moisture pick-up, interfacing of heat and ventilation calculations and a case history in the Lorraine collieries. The heat flow problem on a mine-wide basis is studied in a fashion similar to ventilation networks. Each branch is considered as a "black box" where the air picks up heat and moisture (or is cooled, in the case of an air-cooler). Each box is therefore modeled as a heat transfer unit, hence the calculation of outlet temperatures (wet- and dry-bulb) from the intake ones. The whole network can thus be computed as a sequence of boxes from the air intakes towards the outlets. The second section reviews a number of models used for the assessment of heat and moisture pick-up in the "boxes", with emphasis on stopes and development ends, which are particular to the mining method in use. Two types of stopes are considered: longwall (horizontal and inclined) and cut-and-fill (subvertical). Mechanized rock breaking and blasting can be accounted for. A particular attention is given to development ends, especially complex from the heat flow point of view (rock characteristics, wetness factors, etc.) and usually quite hot. These workings, which are critical in order to secure new production areas, are studied on an average basis as well as in extreme conditions. The calculation takes into account the history of rock temperatures. The interaction between ventilation and thermodynamic calculations is still under development. The idea consists of coupling ventilation calculations with the "box" models: the first step determines the direction of air flow, hence the sequence of the boxes; thereafter the calculations yield the effect of temperature and presssures on air flows. The final section reports on the validation of the whole approach against field data. It concerns several heat flow surveys aimed at checking the models for shafts, stopes and development ends. The accuracy of the method is found very satisfactory.

Jan 1, 1987

By P. Zhang, W. D. Xiao

"A process mineralogy study was conducted to guide the development of a process for the extraction of vanadic oxide (V2O5) and aluminum compounds from bone coal and its ash as well as the production of byproducts. Results show that to extract the targeted metals at higher recovery rates, one must find a suitable agent capable of destroying the structure of the mica and breaking down the lattices in which these metal-bearing minerals occur. For such minerals, metal extraction efficiency is usually low if the approach is simply adding an oxidant that cannot destroy the structure. In this research, a byproduct fluosilicic acid (H2SiF6) at 20 percent concentration from an operating phosphate fertilizer plant was found to be powerful and effective for the leaching of vanadium-bearing minerals such as mica. This environmentally friendly process improved the leachability of valuable constituents in the bone coal significantly, with the leaching rate of V2O5 increased to 94 percent, from 83 percent, and that of aluminum oxide (Al2O3) increased to 75 percent, from 40 percent. X-ray diffraction and chemical analyses showed that the structure of mica can be destroyed using fluosilicic acid either alone or in combination with sulfuric acid. Based on the process mineralogy study, a processing flowsheet was tested, which resulted in a final V2O5 powder product with purity of 99.2 percent and an overall recovery rate of higher than 85 percent. The flowsheet consists of leaching, ion exchange and ammonium precipitation. With this process, various byproducts could also be generated, including aluminum fluoride, cryolite, aluminum sulfate, calcium sulfate, ammonium chloride, sodium chloride and cement admixtures.IntroductionVanadium is an important rare metal broadly used in the production of steel alloys and nonferrous alloys as well as in the chemical field as a catalyst. Vanadium-bearing bone coal and clays are abundant in China, and they contain other valuable metals such as aluminum. Bone coal is a type of carbonaceous shale. The vanadium-bearing minerals mainly exist in mica, kaolin, iron oxides, tourmaline and garnet. According to previous studies (Xiao, 2007; Xu, 1989; Xu and Chen, 1991; Ji and Xu, 1991; Chen and Xu, 1992; Xu and Heng, 1992), vanadium occurs from the isomorphous substitution of V3+ for Al3+ or Fe3 + in the crystal lattices of mica, tourmaline, garnet, dolomite and aluminosilicate minerals. In iron oxide and kaolin minerals, vanadium appears as an adsorption form. The isomorphous substitution of vanadium is more stable in tourmaline, garnet and silicate minerals. Therefore, vanadium in bone coal may exist in three phases: vanadium-containing kaolin and oxides, vanadium-containing mica, and tourmaline and garnet (Xu and Chen, 1993; Xu and Zhang, 1993; Xu and Wang, 1994; Feng, et al., 2005; Lin and Fan, 2001)."

Jan 1, 2015

By M. Dondi, M. Surracco, G. Alfano, P. Saba

Recent investigations on fine grinding with jet mill miprototypes of original design, constructed at the DIMM and Centro Studi of the National Research Council at Cagliari University, have led to the realization of a third generation micronizer characterized by large capacity and high efficiency. The new model and its distinctive features are described here and the results are presented of grinding tests on typical, high grade Sardinian minerals used for quality products. The operating principles of the jet mill are described in relation to the mechanico-elastic properties of the minerals treated. In particular the efficacy of the comminution process is demonstrated in terms of both solid treated and of impact, attrition and shearing forces generated in the micronizer. Particle size distribution of the finished products are reported, that satisfy the most stringent market specifications for the different minerals, as well as energy consumptions. The alternative operating options for solving particular grinding problems and minimizing energy consumption are discussed. Lastly, the main developments of the jet mill for a possible application at industrial scale are suggested.

Jan 1, 1995

By James P. Ludwig

While we are all aware of the need for reclamation of mine sites, few managers and engineers seem to be aware that good reclamation begins with the earliest plans for mining and processing of ores. Far too often the attitude that reclamation is an add-on to worry about at the end of the mining process dominates the thinking of mine engineers and management, A common result is that the reclamationist can be faced with mining and waste disposal designs that are nearly impossible to deal with effectively from an ecological perspective. Everyone of us has been victimized by the down time and maintainence cost that resulted from the purchase of an outwardly attractive, but poorly designed piece of equipment. When confronted by design defects in equipment, a distraught owner can always trade it in, call a consumer advocate, or follow up one of the "lemon laws" at either the federal or state level. A poorly designed mine for reclamation purposes usually cannot be treated either with ease or cost effectiveness. Good reclamation can be effectively prevented by the designs used when the mine was planned. The purpose of this paper is to share some of the experiences our firm has had with reclamation projects at mines in the Upper Midwest as these were influenced or controlled by mine design decisions. My aim is to sensitize mine planners and managers to planning processes they should consider, and hopefully use, early in the mining process to assure successful reclamation during and after mining. Many of the examples I will cite are from experience gained at the recently closed Jackson County Iron Company taconite operation at Black River Falls, Wisconsin. I am particularly grateful to Mr. Vern Metzger, mine manager at JCIC, for his unflagging support of good reclamation practices, employee training programs (which have included reclamation techniques), and his forebearance to put up with our group of ecologists. I realize that this was a time when there were significant internal and external pressures to cut all costs including reclamation efforts. The collaboration has been successful as you will soon see.

Jan 1, 1984