Search Documents

By Lon Santis, Bill Evans, John Tatom

Debris data from the Department of Defense Explosives Safety Board’s Project ESKIMORE full-scale explosives event test program are compared to quantity-distance (Q/D) standards and quantitative risk analysis (QRA) methods. The ESKIMORE test program involved quantities of explosives ranging from 1,000 to 60,000 pounds detonated in typically sized structures made of metal and concrete. Debris from these events was extensively surveyed and catalogued. The debris patterns from these events show varying degrees of directionality normal to the walls of the structures. These density patterns are overlaid an existing explosives storage site that is comparable to the test conditions. Analysis of the debris patterns in relation to Q/D standards shows that exposures located beyond the Q/D arc but along the normal to walls of potential explosion sites (PES) may have much higher debris density than exposures at the same distance on the corners of the same PES. Analysis of the debris patterns shows that predicted patterns using the QRA tool IMESAFR v2.0 closely match actual patterns. Additionally, IMESAFR based QRA methods are able to quantify the different risk levels of being exposed along the wall’s normal as compared to being exposed on the structure’s corner. Methods and decision making criteria to mitigate risk based on the directionality of PES debris are presented. Copyright ©

Jan 1, 2015

By Anna H. Connard

SUMMARY The discussion focusses on developments in the debt/equity swap market since the Marte project was negotiated in early 1988. It emphasises carrying forward the recent market trends to anticipate the breadth and scope of debt/equity conversions for mine development in the 1990s. Secondary market prices of LDC paper, conversion values and political influences in the host countries and the use of near debt and commodity-based instruments as components of mine financing in debt/equity deals will be placed in the perspective of recent trends and expectations for the future. THE MARTE PROJECT The Marte mine is a gold porphyry deposit in Chile's high Atacama, for which financing was put together at the beginning of 1988. The Marte project was financed by a combination of common equity and loans. It was unusual that the equity infusions were made under different programs. Some of the international equity was infused with fresh funds via DL 600. Other common foreign equity was provided through the conversion of Chilean bank debt under Chapter XIX. On the loan side,. export credits for the import component of machinery and equipment were sought. Local bank financing was negotiated for the remainder of ' the project's anticipated cost. The debt conversion market in Chile was at its apex in terms of interest, activity and government support when the mine financing was arranged. The price of Chilean paper in the secondary market hovered about 62 to 66 cents per U.S. dollar of face value. Meanwhile, the Chilean government was negotiating conversion redemptions significantly closer to full face value. The government differentiated between debt paper exchanged for corporate investors who had sourced that paper in the secondary market, and debt paper held by bank investors who would incur a transaction loss in the conversion. The use of a combined DL 600lChapter XIX equity financing created different yield calculation bases for the various investors. Chapter XIX prevents remittance of profits before year 5 and capital repatriation before year 11. Investors choosing this vehicle have either for a corporate policy in the target project not to declare dividends until repatriation is allowed, or they have to seek uses for the peso liquidity that would be generated through dividend declarations in the early years. However, DL 600 investors face no such waiting period on dividends, nor do they have restrictions imposed on cashing out of the investment before the 11th year. Therefore, any equity structure with components of both investment mechanisms will have inherent differences in cost basis and future income flows for the various participants. This equity imbalance is defensible if the investment motivations of the parties are analyzed: a mining investor using fresh funds looks for a hurdle return on equity calculated at conservative commodity prices, with as much flexibility to reap upside benefits as possible; a mining investor choosing to invest through a debt conversion mechanism will realize a modest short term gain on the conversion, reducing his effective cost basis, but sacrificing some return because of the waiting period on repatriation of dividends. INVESTMENT OBJECTIVES A bank investor exchanging his own paper for an equity participation in a mining project realizes a conversion loss on the transaction. He seeks a risk adjusted acceptable hurdle rate of return to recoup that loss over time. Motivation for the bank investor to take that loss may be derived partly from a strategy to diversify its existing portfolio by internal policy and externally regulated guidelines. The bank will compare yields on its loan portfolio to that country with anticipated dividend flows discounted back at a risk adjusted rate. It will analyze the project with return objectives of yield enhancement over time and with

Jan 1, 1990

The key to the successful debt funding of a new mining project, whether in economically established or developing nations, is the submission of a comprehensive feasibility study. The feasibility study forms the basis from which the resource banker can construct financial models which govern the amount of available funds, the conditions which control the supply of such funds and the time period over which the loan may be repaid. The bank will wish to ensure that the feasibility study is the best representation and confirmation of reality possible because this model is the basis of the loan security package. Thus the study will be vigorously interrogated by independent experts in all its elements including the ore reserve, mineability, metallurgy, operating and capital cost profile, environmental factors and management. A well constructed feasibility study, undertaken by well recognised and respected independent consultants can save the client company a great deal of real and opportunity costs especially in relation to project timing. Once constructed and operating, the mining project may face one or more completion tests in relation to the loans provided. The genetics of such tests often relate to either the ability of the operating company to become solely responsible for the repayment of the loan or to be rewarded by lower interest rates or some other mechanism. Strong professionalism, accessible records, good checking procedures and high quality, competent site management will greatly assist the client company passing these tests. A record of well established technical competence with its bankers may well assist a company in the establishment of a mezzanine loan for the early development of its next project, thus allowing an earlier return of dividends to shareholders.

Jan 1, 1995

The key to the successful debt funding of a new mining project, whether in economically established or developing nations, is the submission of a comprehensive feasibility study. The feasibility study forms the basis from which the resource banker can construct financial models which govern the amount of available funds, the conditions which control the supply of such funds and the time period over which the loan may be repaid. The bank will wish to ensure that the feasibility study is the best representation and confirmation of reality possible because this model is the basis of the loan security package. Thus the study will be vigorously interrogated by independent experts in all its elements including the ore reserve, mineability, metallurgy, operating and capital cost profile, environmental factors and management.

Jan 1, 1995

By William Cruger

OUTLINE SUMMARY A. Brief Description B. Characteristics 1. Can be highly cost effective 2. Restricted in usage 3. Political Controversy 4. Volume of Transactions 5. Users C. Mechanism 1. Five steps D. Investor issues 1. Application 2. Restricted usage 3. Discount 4. Formal or informal process 5. Restricted benefits 6. Recompense 7. Window of opportunity THE VARIOUS PROGRAMS1 A. Brazil B. Chile C. Venezuela D. Argentina E. Mexico USAGE IN THE MINING, METALLURGICAL, AND PETROLEUM INDUSTRIES

Jan 1, 1990

By Stanley J. Gasior

Most bituminous coal mined near Eastern industrial areas requiring high Btu pipeline gas is caking and therefore unsuitable for fixed-bed pressure gasification by present techniques. If the caking property of such coal can be destroyed the resulting fuel can be gasified in a fixed bed at pressure with steam and oxygen as a preliminary step in making a high-Btu gas. To find a practical way to convert strongly caking coals of granular or small lump size to noncaking fuel was the object of this study. In previous work strongly caking coals of 1/8- to 1-1/2-inch size was converted to a noncaking coal char by treatment in a static bed in about 3 hours [1/]and coal of 18-100 Tyler mesh in a fluidized bed in about 5 minutes.[2/] An inert gas such as `steam, nitrogen, carbon dioxide, or a mixture of all three with a small amount of oxygen was used in both studies. In our work a strongly caking bituminous coal from the Pittsburgh seam of 4-8 Tyler mesh size was converted to a-noncaking form in free-fall in about 2 seconds by dropping it through a countercurrent flow of steam containing 4 to 7 percent oxygen at 1,150°-1,200° F and 300 psig. This method should also be applicable to smaller-sized material.

Jan 1, 1965

By Robert Klug, Nils Engelke

"In order to extract proportionately small quantities of valuable minerals, mining companies move large amounts of earth. A resulting waste product of this process has traditionally been stored in a semi-liquid phase known as tailings, typically stored in a large pond created by an earthen dam at the low end of a drainage basin. It is generally expected that these dams are stable enough to withstand the pressure of the stored material. Unfortunately, history shows us that this is not always the case. The Baia Mare dam in Romania failed in 2000, causing tragic and prolonged environmental damage to several major European rivers. The Bento Rodrigues dam in Brazil failed on Nov. 5, 2015, and that event resulted in the loss of 16 lives.In hard rock mining, many minerals are imbedded within the ore. As part of the mining process, valuable minerals are extracted from the ore; often, the mineral content is only a fraction of the total ore volume processed. To extract the minerals, the ore is typically crushed and pulverized into very fine particles, then wetted to form slurries. The minerals are extracted from the slurries through a series of flotation and/or sedimentation steps with the aid of water-soluble separation chemicals typically known as reagents. Following the mineral extraction, the resulting residual wetted ore cuttings are labeled as tailings. At the end of the extraction process, the tailings are in a thick semi-fluid sludge state, often with trace elements of the extraction reagents.Historically, these tailings are deposited in giant basins or sludge ponds, where they pose a great threat to the environment while binding large volumes of waste process water.Process water recovery and achievingdry tailingsCurrent generation engineering studies, trials and successful field implementation have shown that an alternate process known as dry stacking is practical. The dry stacking process deposits dewatered tailings into containment areas that are smaller in overall footprint and significantly safer by reducing the transfer of reagents into the tailings storage area. In addition to achieving the dry tailing benefits mentioned, it is possible to recover valuable process water while dewatering the tailings sludge utilizing modern separation technology."

Jan 4, 2018

By Jacob Wood, Robert Matusewicz

The Outotec® Ausmelt Top Submerged Lance (TSL) Process has achieved widespread commercial acceptance over the past 40 years for the processing of copper, nickel, lead, tin, zinc and precious metal bearing feeds. The continual development and evolution of the technology during this period has resulted in a more intense smelting process with higher energy efficiency and lower operating costs. More recently, considerable effort has been invested in decarbonisation of the process through improvements such as increased oxygen usage, dry feed injection and use of low-carbon auxiliary fuels. This paper covers a number of these recent advances to the technology and highlights their impacts on energy consumption and CO2 emissions for a range of non-ferrous smelting flowsheets. INTRODUCTION Relentless demand for improvements in the profitability, safety and environmental performance of non-ferrous smelting plants has driven a continual development and evolution of processing technologies in this industry. In response to these demands, a number of bath smelting technologies have emerged over the past 40 years and have been implemented for the treatment of primary and secondary feedstocks. The Outotec® Ausmelt Top Submerged Lance (TSL) Process (henceforth Ausmelt Process) is one such bath smelting technology which has been widely adopted in a large number of greenfield projects and brownfield plant modernisations (Wood & Hughes, 2016). Emissions of CO2 from the production of non-ferrous metals represent approximately 4-5% of global totals (Rankin, 2012), comparable with the almost 10% attributed to iron and steel production. Despite significant improvements in the energy efficiency of modern smelting technologies (Coursol, Mackey, Kapusta & Cardona Valencia, 2015), primarily through increased oxygen usage, further innovation and development is still required to address their reliance on fossil fuels such as coke and coal. Transformation of the non-ferrous smelting industry to low-carbon technologies and process flowsheets is lagging behind the power and transport sectors, which have witnessed significant growth in clean/renewable energy technologies to reduce CO2 emissions and address the issue of anthropogenic climate change (IRENA, 2018; IEA, 2018).

Jan 1, 2019

By R. Miller

Lowering our globe’s emissions is a major effort as we move toward a future net-zero carbon environment requiring significant investment in a new, low-carbon infrastructure, along with key market incentives to change. Industry will play a key part in this transformation, requiring expertise in both energy and emissions. Key elements of the de-carbonization strategy are: energy data, emissions reporting method, governance, de-carbonization project generation and drivers, the MACC, electrification, and the de-carbonization checklist. For a zero carbon future, it will be key for business leaders to understand decarbonization, anticipate technological changes, and implement new business me

Mar 2, 2022

An examination has been made of the rate and extent of removal of carbon from scrap metal charges when the melt is exposed to atmospheres which are reducing or oxidising with respect to FeO at unit activity. The mechanisms of decarburisation of molten Fe-C-S- P-Mn-Si alloys with H2/CO/H20/C02 gas mixtures with controlled compositions at high or low concentrations of carbon in the melt in the presence and in the absence of sponge iron, in both slag free melts and in the presence of various slag forming additives are discussed. A significant quantity of carbon can be removed from the metal during the melting stage and under optimum conditions, a high percentage of metal recovery and low carbon can be obtained after exposure of melt to the above gas mixture with controlled compositions. The presence of ferrous oxide provided by poorly reduced ore in the charge and the use of controlled atmospheres facilitated the removal of carbon to very low level during the melting period.

Jan 1, 1984

By E. A. Gulbransen, W. S. Wysong, K. Andrew

INTRODUCTION THE reaction of carbon in solid solution in a metal with the surface oxide film on many metals may be inferred from thermodynamic calculations for high vacua and high temperature conditions. Holm1 has recently shown that oxide films may be removed from ferrous materials by heating in a vacuum at high temperatures and that carbon is the essential element in the reaction. Considerable work has been described in the literature on the decarburization reaction. Several general references may be noted.2,3,4 However, the nature of the mechanism involved in the decarburization is not well understood. Our interest in this reaction resulted from many attempts to degas and to reduce by pure and dry hydrogen the surface oxides 0n strips of various types of chrome-nickel alloys. Some of the early experiments on the behavior of 13 pct chrome-iron in vacua of the order of 5 X 106 mm and at a temperature of 600°C have been reported.5 These experiments showed a slow reaction with the residual oxygen or water vapor in the system and no reaction with hydrogen. This is in accord with thermodynamic data which would lead to the prediction that it is extremely difficult to maintain a hydrogen atmosphere at 600°C pure enough to reduce Cr203 formed on the surface. The crystal structure of the superficial oxide film formed on 13 pct chrome iron and Nichrome V has been investigated in the thin film range by Gulbransen, Phelps and Hickman,6 and shown to be Cr203. It was surprising to us to note that when a specimen of Nichrome V containing approximately 80 pct nickel and 20 pct chromium was heated to 850°C in a high vacuum, the specimen' lost weight. The rate of weight loss was very temperature sensitive. A study of this reaction in vacua and in a hydrogen atmosphere is the subject of this communication. TYPE REACTIONS Let us consider the various reactions which may occur when a metal is heated in vacua, in a hydrogen atmosphere, or in an oxygen atmosphere. The number and kind of reactions will depend upon the chemical nature, of the metal, its alloying constituents and the location of the alloying constituents. The metals used in this study are chrome-nickel alloys of the heater type. They consist essentially of chromium, nickel and iron, small amounts of carbon, silicon and manganese and traces of zirconium, calcium, aluminum and magnesium. The trace elements are added to improve the lifetime and other characteristics of the alloy when used as a heater. Seven of the more important reactions with which we are going to be concerned here are as follows: [I. Metal • (gas) ;--* metal + gas - degassing of the metal 2. xM(s) + y ½ 02(g) tom- M.0„ (s) – oxidation]

Jan 1, 1948

By Bingguo Liu, PENG LIU, Haigang Dong, Jinhui Peng, Libo Zhang

Parameters of technique to decarburize from spent petrochemical catalysts via microwave oxidation roasting were investigated. Decarburization process was performed on a microwave heating system. The results showed that the decarburization percentage of spent petrochemical catalysts was significantly affected by roasting temperature and sample thickness in the range studied. The decarburization percentage was 99.5% in microwave fields under the optimized conditions, roasting temperature 600 °C, roasting time 40 min and sample thickness 2 cm respectively. The residuum after microwave decarburization was characterized by field emission scanning electron microscopy (FE-SEM) which showed that the deposit carbon had been removed effectively.

Mar 1, 2017

By Neil B. Prenn

Drill-hole contamination has been a problem for many years. Contamination of rotary drilling has been well documented. More recently contamination in wet reverse circulation drilling has been noted by Echo Bay and others at the 1991 AIME annual meeting. Mine Development Associates (MDA) has worked on a number of projects at which contamination of drill-hole samples has occurred. Properties are commonly acquired with drilling accomplished by other companies and at times the only records of the drilling program are the drill-hole logs and assays themselves. Identification of contaminated zones is sometimes difficult to determine. Most geologists and engineers in the industry are aware of the magnitude of the problem, as contamination is a relatively common problem with wet reverse circulation drilling. MDA has developed a computer program to help determine if contamination has occurred when using reverse circulation drilling, based on cumulative distribution curves and by a process we call decay analysis. Most deposits are not homogeneous throughout the deposit, but exhibit a characteristic drop-off or decay of assay values around higher-grade drill-hole intercepts. Using graphs of this characteristic decay and cumulative frequency distribution, we can use the program to help determine contamination in several ways. This paper will discuss the use of decay analysis at three gold deposits where contamination is known to have occurred. In one of the deposits decay analysis was used, successfully to determine if contamination had occurred, while in the other two the decay analysis was used to verify our decay analysis procedure.

Jan 1, 1992

Jan 1, 1894

Elected Died 1882 *ABBOTT, ARTHUR V 1906 1903 * ADAMS, CHARLES C. 1905 1884 *ADDY, MATTHEW 1896 1894 *ALLFN R B 1896 1874 *AMIOT, H 1892 1886 *AMSLER, CARL 1894 1895 *ÅNGSTROM, CARL 1901 1895 *ARMSTRONG, JOHN F 1898 1882 *ARNOLDS, HUGO 1886 1875 *ASHBURNER, CHARLES A 1889 1872 *ASIIBURNER, WILLIAM 1887 1883 *ATKINS, C M , JR 1885 1897 *AYERS, WILLIAM 1898 1885 *BABCOCK, GEO H 1893 1884 *BAILEY, EDWARD 1889 1880 *BAILEY, JACKSON 1887 1900 *BALLOU, FRANKLIN 1903 1886 *BARNES, F W 1892

Jan 1, 1910

Elected Died 1895 *ABBOTT, AI ATTHUR 1908 1882 *ABBOTT, ARTHUR V 1906 1905 * ABE, MASAYOSHI 1909 1903 * ADAMS, CHARLES C. 1905 1905 * ADAMS, WILLAMS 1909 1903 * ADAMS, W. EDWARDS 1910 1884 *ADDY, MATTHEW 1896 1889 * AKERS, WILLIAMS 1906 1894 *ALLEN R B 1896 1905 * ALLEN, R. SCOTT 1906 1874 *AMIOT, H 1892 1886 *AMSLER, CARL 1894 1895 *ÅNGSTROM, CARL 1901 1887 * ARCHBALD, JAMES 1910 1900 * ARLETT, GEORGE H 1906 1895 *ARMSTRONG, JOHN F 1898 1882 *ARNOLDS, HUGO 1886 1875 *ASHBURNER, CHARLES A 1889 1872 *ASIIBURNER, WILLIAM 1887 1883 *ATKINS, C M , JR 1885 1905 * AUSTEN, PETER T 1907

Jan 1, 1917

Elected Died 1895 *ABBOTT, AI ATTHUR 1908 1882 *ABBOTT, ARTHUR V 1906 1905 * ABE, MASAYOSHI 1909 1903 * ADAMS, CHARLES C. 1905 1905 * ADAMS, WILLAMS 1909 1903 * ADAMS, W. EDWARDS 1910 1884 *ADDY, MATTHEW 1896 1906 * AFFLECK, WILLIAM A. 1911 1889 * AKERS, WILLIAMS 1906 1905 * ALABASTER, RUPPERT C. 1911 1899 * ALBERGER, LOUIS R. 1911 1894 *ALLEN R B 1896 1905 * ALLEN, R. SCOTT 1906 1874 * AMIOT, H. 1892 1886 *AMSLER, CARL 1894 1898 ** ANFERSON, JOHN w. 1905 1895 *ÅNGSTROM, CARL 1901 1887 * ARCHBALD, JAMES 1910 1900 * ARLETT, GEORGE H 1906 1895 *ARMSTRONG, JOHN F 1898 1882 *ARNOLDS, HUGO 1886 1875 *ASHBURNER, CHARLES A 1889 1872 *ASIIBURNER, WILLIAM 1887 1883 *ATKINS, C M , JR 1885 1905 * AUSTEN, PETER T 1907

Jan 1, 1917

Jan 1, 1902

Elected Died 1895 ABBOTT, AI ATTHUR 1908 1882 ABBOTT, ARTHUR V 1906 1905 ABE, MASAYOSHI 1909 1903 ADAMS, CHARLES C. 1905 1906 ADAMS, JOHN C. 1913 1905 ADAMS, WILLAMS 1909 1903 ADAMS, W. EDWARDS 1910 1884 ADDY, MATTHEW 1896 1906 AFFLECK, WILLIAM A. 1911 1889 AKERS, WILLIAMS A. 1906 1905 ALABASTER, RUPPERT C. 1911 1899 ALBERGER, LOUIS R. 1911 1894 ALLEN R B 1896 1905 ALLEN, R. SCOTT 1906 1886 ALLISON, ROBERT 1916 1874 AMIOT, H. 1892 1886 AMSLER, CARL 1894 1898 ANDRSON, JOHN W 1905 1895 ÅNGSTROM, CARL 1901 1887 ARCHBALD, JAMES 1910 1900 ARLETT, GEORGE H 1906 1895 ARMSTRONG, JOHN F 1898 1882 ARNOLDS, HUGO 1886 1875 ASHBURNER, CHARLES A 1889 1872 ASIIBURNER, WILLIAM 1887 1883 ATKINS, C M , JR 1885

Jan 1, 1917

Elected Died 1884 *ADDY, MATTHEW 1896 1894 *ALLFN R B 1896 1874 *AMIOT, H 1892 1886 *AMSLER, CARL 1894 1895 *ÅNGSTROM, CARL 1901 1895 *ARMSTRONG, JOHN F 1898 1882 *ARNOLDS, HUGO 1886 1875 *ASHBURNER, CHARLES A 1889 1872 *ASIIBURNER, WILLIAM 1887 1883 *ATKINS, C M , JR 1885 1897 *AYERS, WILLIAM 1898 1885 *BABCOCK, GEO H 1893 1884 *BAILEY, EDWARD 1889 1880 *BAILEY, JACKSON 1887 1900 *BALLOU, FRANKLIN 1903 1886 *BARNES, F W 1892

Jan 1, 1910