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A real Dorothy Dix title has been selec- ted for this paper. It has the advantage, however, of being capable of being interpreted in many different ways and hence I can select my own approach. You probably are thinking that this topic would be more appropriately handled by an Accountant. I wish to make it clear at the outset that I am not skilled in the sometimes mysterious ways of Accountants - likewise that profession frequently has difficulty in pinning down economists. We have our own strange ideas about profits, marginal efficiencies, cost/benefit analysis etc. What follows is in the main a mixture of two disciplines, probably in a form that few of the purists from either side would accept. Nor do I expect the reader to accept my own prejudices. The paper is designed to stimulate thought and discussion'on the subject. Emotive words such as "profit" and "loss" make for wide differences of opinion. At the time of writing there is a surprising degree of acceptance of the viewpoint that profits in Australia are too low and one is tempted to make this point of near agreement a starting Point.

Jan 1, 1975

The æProfit Driver ModelÆ is a tool which builds costs from first principles and integrates revenue, costs and physical mining parameters and, hence, can quantify the impact and leverage on profit. In this paper an æexample mineÆ has been created to represent a typical Australian Open Cut Coal Mine. This has then been input into the Profit Driver Model to allow different variables to be tested. A series of variables were tested to determine which ones had the highest impact on profit and results are useful to management as a guide to the areas in which they can focus effort to achieve better profitability. Whilst the highest profit drivers are those external to the control of management and include selling price and exchange rate, the next most sensitive are those variables related to the geology of the mine and the mining method. These included coal quality, yield and strip ratio. Site management has some control of these. For example, the ability to vary the sequence of mining or improve the yield by a more efficient coal washing process. The efficiency of the workforce and management has similar impact to the mining variables. Finally, there are the supply variables, such as fuel, labour and explosives which are the least sensitive although, cumulatively, still significant. Each mine is different and the results of the example mine will not apply to all mines. However, the approach taken is universal and the tool illustrates a simple method to quantify the profit impact when changing variables. The benefit of the approach is the short time taken to get a set of results. This allows the more detailed and time consuming work to be more focused. The results illustrate that management has a significant influence on profitability.

Jan 1, 2000

By Kurt Westerlund

The design of the economically most profitable and technically most feasible smelter process gas handling .and treatment as an integrated part of the total metallurgical process is discussed and exemplified, with alternative flow sheets including material and energy balances, investment and operating costs. Retrofitting and de-bottlenecking of existing gas handling lines will be described and exemplified. Methods of increasing total gas handling line availability will be described.

Jan 1, 1992

By Kurt Westerlund

The design of the economically most profitable and technically most feasible smelter process gas handing and treatment as an integrated part of the total metallurgical process is discussed and exemplified, with alternative flow sheets including material and energy balances, investment and operating costs. Retrofitting and de-bottlenecking of existing gas handling lines wil1 be described and exemplified. Methods of increasing total gas handling line availability will be described.

Jan 1, 1992

By O. A. Bascur

The problem of setting the proper control objectives and/or having several objectives to be met in the implementation of grinding control strategies can be resolved. The design and implementation of a distributed control system for safe operation of a grinding circuit while maximizing profit is presented. An optimal recovery through- put target for a desired grind is accomplished by advanced control strategies at the DCS level. A mill load constraint control technique provides stable operation with a substantial increase in throughput, while the desired grind index is maintained by an inferential grind control technique without using a particle size analyzer. The integration of crushing/grinding and flotation in the overall design was the key to the success of the project. This synergistic effect was obtained by implementing a computer plant management system in the concentrator. The overall/philosophy was to keep the implementation simple while using new technology creatively.

Jan 1, 1991

By D. Rajkovic

Geothermal sources are exploited in two basic forms, i.e., the primary form of thermal energy and that converted into electrical energy by using an adequate thermodynamic cycle. There is a possibility of applying several processes for the conversion of thermal into mechanical or electrical energy, which depend on the thermodynamic characteristics of the geothermal water. Geothermal sources in Croatia do not contain steam of relatively high temperature, like in Italy, although both countries are nearly in the same position with respect to geothermal belt. Geothermal sources in Croatia are mostly so-called low-temperature geothermal sources with water temperatures lower than 100°C (Cubric and Jelic, 1993). A few of them have been exploited, although the percentage of utilization of their available power is still very small. The low-temperature potential is a major disadvantage when it comes to power generation, since state-of-the-art geothermal power plants require reheated steam or hot water to operate. There is a common belief that the optimum way of exploiting low-temperature geothermal sources is heat generation. Therefore, this analysis is especially aimed at potential users and showing the technical and economical possibilities of using low-temperature sources for conversion of thermal energy into mechanical work and electrical energy.

Jan 1, 2003

Since the days of Adam Smith and Milton Friedman the discussion of corporate citizenship and sustainability has been flooded with multiple contradictions, with proponents of sustainability saying that it is a crucial cog in the business strategy, while those against, maintain that æthe business of business is businessÆ and therefore sustainability issues are just add-ons. Sustainability arises from a deeply held vision by corporate leaders that businesses can and should play a role beyond just making money. Businesses should embrace the understanding that everything that a company does has an impact both internally and externally (communities, employees and customers), and the natural environment. This paper highlights the approach that led to a view that there is a contradiction between profitability, sustainability and community development, and we provide a further argument to the contrary. This argument is based on a comprehensive literature review of over three decades by various scholars linking corporate social performance and corporate financial performance. Driefontein Gold MineÆs approach is that of linking the community development, natural environmental and employee well-being initiatives and projects to the mineÆs business strategy. The paper further highlights the coordination and implementation mechanism of sustainability at the mine where the accountability lies with the head of the mine operations. A two pronged approach is employed where there is an internal dialogue on sustainability between the various departments coordinated by the sustainable development department and an external tri-sector partnership with local government, interested and affected parties and the mine. These approaches are closely linked to the contributions towards the mineÆs financial bottom line.

Jan 1, 2009

By D Stacey, J Matthews

Hunter Valley Operations in partnership with Orica Explosives designed a process to optimise coal extraction at depths greater than 65 m below the Hunter River in a safe and cost effective manner. The process involved a team approach to investigate the relationship between geology, mining sequence, vibration and blasting methods adopted. From this an optimum method for uncovering the coal was developed.

Jan 1, 2001

By P. I. James, M. R. Baker

This paper examines new copper production from waste-grade ore using Blue Planet Strategies’ DEMET™ (Dynamic Electrode Mining Effluent Treatment) technology, which aims to bridge the practical weak pregnant leach solution (PLS) processing gap in heap leach-solvent extraction/electrowinning (SX/EW) operations by electrochemically removing metals from weak streams and generating product streams strengthened in target metals in a functional analog to SX. Weak PLS treatment was studied and used to estimate the economic and production impacts for a representative hypothetical brownfield copper heap leaching and DEMET-augmented SX/ EW operation to utilize "waste ore." Copper removal at 86% plating efficiency to below 0.1 g/L copper with power consumption of 0.55 kWh/lb copper and product strengths of over 10 g/L copper are presented. Modeling yielded approximately $2/lb total copper production and = $1/lb treatment costs with an immediate operation gross margin increase of 12% for the augmented brownfield. Potential mine life extension with an average 38% gross margin on "waste ore" augmented production at copper values of $3.25/lb was also indicated.

Jan 1, 2014

By P. I. James, M. R. Baker

Este artículo analiza la nueva producción de cobre a partir de "minerales de desecho" de baja ley usando la tecnología de Blue Planet Strategies DEMET™ (Dynamic Electrode Mining Effluent Treatment, por sus siglas en inglés), que tiene como objetivo salvar la brecha de procesamiento entre la solución débil de lixiviación en operaciones de extracción por solventes/electrowinning (SX/EW), removiendo electroquímicamente los metales a partir de corrientes débiles y a la vez generando productos concentrados en metales objetivo en un análogo funcional de extracción por solventes (SX). Se estudió el tratamiento de la débil solución de lixiviación pregnant (PLS por sus siglas en inglés) y se usó para estimar los impactos económicos y de producción para una hipotética lixiviación en pilas de cobre brownfield y una operación aumentada DEMET usando SX/EW para tratar el "mineral de desecho." Se presenta la remoción de cobre a un 86% de eficiencia en las placas por debajo de 0,1 g/L de cobre con un consumo de energía de 0.55 kWh/lb de cobre y una concentración del producto mayor a 10 g Cu/L. El modelamiento arrojó aproximadamente $2/ lb para la producción total de cobre y costos de tratamiento menores o iguales a $1/lb con un inmediato aumento del margen bruto de operación del 12% para el brownfield incrementado. Se indicó también un aumento de la vida de la mina con un margen bruto promedio de 38% en la producción aumentada de "mineral de desecho" con valores de cobre de $3.25/lb.

Jan 1, 2014

Presentation Overview Corporate Overview Kutcho Project History Exploration Development Permitting Capstone -Pursuit of Value Building a mid-tier copper producer focused in the Americas Two operating copper mines; Cozamin& Mintomines High grade and low cost 2010 forecast: 80-85 million pounds of copper in concentrates Total Cash Costs* of ~US$1.10/lb to US$1.20/lb of payable copper produced Significant by-products of gold, silver, lead & zinc Growth potential Further expansions at existing Cozamin& Mintomines High grade copper development: Kutcho project, BC Investments in Nevada Copper & Silver Wheaton 100% North American assets Low risk ?Canada & Mexico ?Conventional operations

Oct 1, 2010

About Barrick Paste Backfill at Barrick Goldstrike Rodeo Paste Plant Cyclone Lab Testing Challenges and Lessons Learned Future Barrick Projects

May 1, 2013

By Arthur Notman

THE raw material men in all industries, and copper is no exception, are accustomed to think of them- selves as the whole show, and not without justice, for if there were no copper mines the world would have no copper. Nevertheless, many different things costing money and resulting in profits must be done to their product before it is ready for the world's use. In other words, they are making the frequent mistake of Chinking in terms of partial costs. Nobody really uses electrolytic copper. Possibly that is why nobody seems willing to pay anything for it. The manufacturers, being canny, do not buy any more electrolytic than they feel that they can work up and sell profitably, although they like to make the raw material men Chink that they will take all that can be produced. This is a state of affairs that has aroused my sympathy and curiosity, and has induced me to study the financial history of the copper wire and brass industry of the country or such portion of it as publishes any records readily available to the curious minded. About 60 per cent of the electrolytic copper used in this country is drawn into wire and consumed by the electrical industries. The remaining 40 per cent is

Jan 1, 1926

By A. M. Gaudin

MANY studies of comminution have been made to ascertain the size distribution of the product and to evaluate the work of comminution in the light of the size distributions of the feed and product. Up to now, these studies have been essentially statistical in character, that is, a certain lot of feed was subjected to comminution in some specified way, and the aggregate product was fractionated into sizes, thereby losing all knowledge of individual relationship of feed to product pieces. Radioactive tracers offer a means to do something in this respect which could not be done before, namely, to follow the rupturing of some particular piece in its normal environment of other pieces. That is, it permits going beyond the usual statistical limitations of size distribution studies to what may be termed a personalized or individualized study. The purpose of this paper is to present some preliminary experiments conducted with this tool.

Jan 11, 1951

By J. F. Myers, F. M. Lewis

This second progress report of grinding presents comments regarding ball consumption and data pertaining to the hydroscillator, which is closed circuited with the tricone mill. A study and postulate of how balls function is presented. The paper summarizes cost reduction obtained by the method of "grinding for the tail race" rather than for "mesh tons."

Jan 11, 1950

By Manfred Schmellenkamp

During the lust half-dozen years, longwall mining has taken on a new look, much of which is due to the introduction of self-advancing roof supports from Europe. Here is a report on two longwall operations, one which started up in 1956, the other in 1962. It is a story of manually set, friction- type props us, the new European type; the story of an 18-ton per man-shift operation us one of 50 tons per man-shift.

Jan 6, 1963

"Projections of demand for Alberta coal indicate a quadrupling of current production rates to some 70 million tonnes/year by the end of the century. About half of this output-comprised of subbituminous coal-will be required within the province, primarily for generation of electric energy. The remainder-roughly 70 per cent high-volatile bituminous (hvb) steam coal and 30 per cent medium- or low-volatile bituminous (mvb/lvb) metallurgical coal-will be exported, principally to Pacific Rim and Western European countries. Direct employment in mining and coal processing is projected to increase from the present ca. 3000 to at least 12,000 persons.This paper presents separate forecasts for subbituminous, hvb and mvb/lvb coal production in the period 1982-2000; notes a number of possible developments that could substantially modify these forecasts; and briefly discusses attendant infrastructure requirements. Attention is drawn to potential shortages of qualified manpower and to threatening inadequacies of transportation facilities.IntroductionDespite the dislocations triggered by the 1973 'oil crisis', energy budgets of Western industrial countries are mostly still in the very early stages of the anticipated transition to greater reliance on coal. Shift s to coal are still more often only talked about than being implemented; and the public policies which are essential for timely development of facilities for producing, transporting and using coal are in many instances not yet even broadly formulated, let alone enunciated.In these circumstances, long-range projections of coal demand and supply-even if restricted to internal requirements- are subject to greater uncertainties than usually afflict such forecasts.On the demand side of the equation, these uncertainties arise ultimately from linkages between a need for coal and the availability and pricing of OPEC oil. The current surplus of oil on world markets, which has recently forced substantial reductions of posted prices, is undoubtedly a transient phenomenon that is unlikely to have any long-term impact."

Jan 1, 1982

By Heinz Hofmann

In order to drive tunnels with low overburden in town regions, it is necessary to give a quantitative prognosis for the deformation of the underground as well as of the tunnel-lining and of its stability. These problems and their solutions are illustrated by the works for a two-track-railway-tunnel in Bochum (Ruhrdistrict). In this case the most important problems consisted in passing below buildings in a vertical distance to the fundamentals of only 3.20 m and a railway earthdam with rapid train traffic in a distance of 4 m under the dam. The results of measurements from other comparable tunnels and finite-element-computations were used to prognose the settlements on the surface and in the ground, their distributions and their development in time. To obtain these values at the site, a special system of tunnel driving was executed. The tunnel was excavated with the newest type of tunneling-machine from DEMAG, cutting an inclined front, immediately followed by a special temporary support of shotcrete and inclined steel-ribs. By using theoretical and empirical methods to assess the behavior of the tunnel and underground and by executing an optimal driving system in technical as well as economical aspects, the expected behavior, expressed in quantitative values, was almost equivalent to those received by control measurements.

Jan 1, 1974

By Axel Preusse

This paper shows basic considerations about the prognosis and prediction of surface subsidence and other ground movements in the German hardcoal industry. The following case studies describe experiences collected in projects between university and industry.

Jan 1, 2000

By Raj Thamburaj, Li. Ping, Prakash C. Patnaik

"An effective prognosis system for aircraft engines may involve the application of a wide range of technologies and methodologies, which may include: - On-line, real-time and in-situ non-destructive inspection/detection/sensoring - Aircraft/engine instrumentation - Airborne data recording system - Advanced signal filtration - Data compression technologies - On-line engine health monitoring technologies - On-line engine component life usage monitoring technologies - Mission severity analysis algorithm based on life prediction and damage tolerance analysis models - Life assessment methodologies - Optimized repair/overhaul/maintenance planning - Optimization of mission assignment and homogeneous life usage - Web-enabled information delivery and sharing system - Decision making logistics This paper will demonstrate some efforts that Orenda has accomplished over the last decade in collaboration with the Institute for Aerospace Research of National Research Council Canada and the Department of National Defense. The presentation will focus on the following projects:"

Jan 1, 2004