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By C. R. Lattanzi, M. J. Davie, L. D. Smith, J. R. Goode

"The feasibility study determines the technical and economic viability of a project at the level of accuracy required by the owner to make an investment decision. The economic analysis usually includes calculation of the discounted cash flow. Key components of the cash flow include the project capital cost, the operating costs, construction schedule, production rate, product prices and financial details.This paper examines the feasibility study for a typical mining project. The paper discusses acceptable methods for the determination of the geological and mineable are reserves. The prerequisites for the development of suitable designs, and the calculation of capital and operating costs for the mine, processing plant, and infrastructure are reviewed. Important features of the cash flow analysis and its interpretation are presented.IntroductionThe commercial development of a mineral deposit invariably requires the investment of capital in preparing the deposit for production. It has always been necessary, therefore, to demonstrate to the investor of capital that production of a saleable commodity is both technically feasible and economically viable. The instrument typically used to make these determinations is the feasibility study .Traditionally, mining companies have been rather conservative in their approach to financial management. Until about thirty years ago, the capital required to develop a new mine was most frequently provided by internal corporate cash now and virtually all of the necessary technical and economic studies were performed 'in house'. Under these circumstances, there was little standardization as to what constituted an acceptable feasibility study, and even less as to what constituted an acceptable measure of economic viability."

Jan 1, 1991

By Alastair Grogon

Proper coupling of a geophone to a monitoring surface is probably the single most important step in accurately recording and measuring ground vibrations from a blast. Over the years, a number of monitoring methodologies have been published. Some of these were published as a "standard", by organizations such as the International Standards Organization, others as suggested methods by various authors in papers or text books, or in the users manuals supplied by seismograph manufacturers. These monitoring standards differ, and are sometimes apparently contradictory. The purpose of this paper is to summarize the coupling methodologies from a number of these "standards", point out similarities and differences, and discuss the technical basis behind some of the different methods.

Jan 1, 1998

By J. A. Lamonica

The Bureau of Mines conducted an environmental noise survey to determine the noise levels to which underground coal mine employees are exposed, to evaluate noise survey techniques and equipment, and to compare noise exposures using two criteria, Walsh-Healey and CHABA, for determining allowable exposures that were under consideration for the Federal Coal Mine Health and Safety Act of 1969- Time study techniques and Bureau-approved standard sound level meters were employed. The shift exposures of 20 percent of the miners studied were in excess of the safe standards established by both criteria. The shift exposures calculated using the Walsh-Healey criteria were greater than those calculated using the CHABA criteria owing to the intermittent nature of the exposure. Ultimately the CHABA criteria were rejected, and the Walsh-Healey criteria were adopted.

Jan 1, 1971

By M. Churchill, V. R. Degner

Over the past two decades, declining ore body grades and increased operating and construction costs have provided an incentive for the development of progressively larger flotation machines. As a result, the 1.7-2.8 m3 (60-100 cu ft) flotation machine of the 1950's and 1960's is being rapidly replaced by large volume machines. The result has been improved flotation machine specific capacity (tph processed per sq ft of floor space); specific power (hp per tph processed); and process control simplicity. The recent development and satisfactory plant evaluation of the 28 m3 (1000 cu ft) flotation machine allows economic and operating advantages in high tonnage mill applications. Some principles of mechanically induced air flotation and the development of the large 28.3 m3 (1000 cu ft) flotation machine are reviewed here. Performance evaluation in beneficiating metalliferous ores-copper, zinc, and iron-is also given and recently completed plant results provided. Mining lower grade ore bodies results in the need to process increased tonnage in the concentrator. This greater tonnage requires more individual flotation machines, unless individual machine capacity, or cell volume, is increased. As the ore processing rate of the concentrator increases, the benefits of progressively larger individual cells in the flotation section become more significant. The accompanying figure illustrates the advantages of a larger flotation machine. In the figure, the number of machines in the rougher-scavenger section is related to the plant tonnage for three sizes of flotation machine: 8.5 m3 (300 cu ft), 14.2 m3 (500 cu ft), 28.3 m3 (1000 cu ft). The 28.3 m3 (1000 cu ft) flotation machine results in 95 fewer machines, compared to the 8.5 m3 (300 cu ft) machine at 45.4 kt/d (50,000 stpd) feed. The flotation cell reduction is, of course, doubled at a plant production rate of 90.7 kt/d (100,000 stpd). Using fewer flotation machines saves floor space. The 14.2 m3 (500 cu ft) and the 28.3 m3 (1000 cu ft) machines result in a floor area reduction, relative to the 8.5 (300 cu ft) machine requirements, of 134.7 and 418.1 m2 (1450 and 4500 sq ft), respectively, for the 45.4 kt/d (50,000 stpd) rate and 269.4 and 836.1 m2 (2900 and 9000 sq ft), respectively, for the 90.7 kt/d (100,000 stpd) rate. In addition, flotation practice has shown that the "specific power intensity"-power per unit cell volume-is less for increased cell size. This results in a power draw reduction, for the rougher-scavenger circuit, of between 552 and 686 kW (740 and 920 hp) for the 14.2 and 28.3 m3 (500 and 1000 cu ft) machines, respectively, when processing 90.7 kt/d (100,000 stpd). Fewer cells improve machine control and simplify maintenance needs while reducing floor space and power requirements. These are tangible incentives for the development of large flotation machines for high tonnage applications. Flotation Principles The accompanying figure shows how key hydrodynamic regions influence the performance of a mechanically induced air flotation machine. Air is induced into the fluid from the top of the cell, due to the mechanical action of a rotating impeller. The impeller circulates the liquid, or pulp, from the bottom of the cell. The result of these dual flow paths is the mixing of the two fluids and one solid phase in the highly agitated region where physical contact between the air bubbles, and the solid particles to be floated, is accomplished. The particle to be floated is assumed to have a properly prepared hydrophobic surface prior to flotation. Upon leaving the three-phase mixing region, the "floatable particle-air bubble matrix" and

Jan 7, 1982

By W. H. Wamsley

Used in combination with conveyor belt haulage, bucket wheel excavators offer unusual possibilities for low excavation and haulage costs. Originating in Germany, these machines are now in use or on order for Australia, Northern Rhodesia, the Belgian Congo, Italy, Yugoslavia, France, Belgium, Indonesia, and the Union of South Africa. A diamond mine in South Africa that has been using German bucket wheel excavators since 1928 purchased American cable-way excavators and American scraping equipment after the war. Operating cost for this equipment was double that for the bucket wheel machines operating in the same mines with crawler-mounted stackers. Machines built and operated in the U. S. are, as far as the writer knows, confined to the northern Illinois coal field, where they are used in conjunction with large shovels to strip overburden too high to be reached by the 30 to 40-yd shovels. Their long stacker belts can deposit the spoil far enough behind the coal face to avoid slides, in such a manner as to make reclaiming the land easier. These large, specialized machines are now being made by Bucyrus-Erie Co. but are not adaptable to many open pit mining situations.

Dec 1, 1956

By Alberto Vidalón Duarte

La sección Plantas de beneficio realizó un análisis de los resultados económicos de la operación de las Plantas en los cinco años anteriores. Dicho sistema de análisis, se convierte en una herramienta para los cálculos económicos y políticos financieros a seguir por las compañías y los pequeños productores mineros. En este sentido, el objetivo del texto radica en describir el análisis de costos de diversas industrias y las organizaciones americanas, tales como CEPAL, BID, CEMIA, etc.,y programar su divulgación para facilitar a los directores y empresarios medios y así captar el estado de sus compañías y determinar políticas económicas y financieras adecuadas.

Aug 20, 1963

By M Russ, J Gediga

This paper shows an economic feasible approach to implement greenhouse gas (GHG) reduction measures into the mining and metallurgy industry (MMI). The goal to improve energy consumption is directly linked to the reduction of GHG emissions in the MMI. A baseline scenario of the considered reference system and of the respective reference year has to be designed and analysed. In a second step an analysis of the same operation using the best available technology (BAT) processes is carried out to generate a basis for a benchmark system. The identified gaps will be reported and the potential GHG emission reductions will be put into relation to the investment, running cost and generated carbon credits of the new process technologies to be implemented. This economic feasibility calculation is necessary to realise a cost efficient GHG reduction roadmap decision-making for implementing new technology into the companyÆs business operations. The GHG reduction roadmap is developed using the marginal abatement curve approach.

Jan 1, 2009

By Raymond P. Miller, David L. Monson, Robert A. Robinson

A geotechnical instrumentation program consisting of borehole extensometers and portable tape extensometer stations was effectively used to monitor concrete liner deformations and guide construction procedures during enlargement of a 75-year old Union Pacific Railroad tunnel in Wyoming. Enlargement involved excavation of the old concrete invert and placement of 5,941 feet of new concrete invert 6 feet lower in squeezing shales, fault zones and water-bearing sandstones. Instrumentation data were used to guide procedures for excavating the old invert, installation of temporary interior struts, underpinning existing liner walls, and placing the new concrete invert.

Jan 1, 1976

By David A. Lipton

In 1980, the U.S. Bureau of Mines conducted a mineral survey of the 23,500 acre Garcia Mountain RARE II area (No. 5107) in the Los Padres National Forest. Bureau of Mines data indicate a low potential fur gold, silver, and mercury resources. Twenty-nine placer samples, representative of small yardages, showed small amounts of gold or other economic mineral values. Mercury deposits in faulted siliceous rocks in the Franciscan Formation occur north of the area. Similar rocks are in the southwest part of the study area, but apparently contain no mercury deposits. Geothermal and oil and gas potential is low.

Jan 1, 1982

By R. W. Parsons, P. R. Chaney

Oil recovery by the imbibition mechanism can be important in fractured carbonate reservoirs with a bottom water drive. Laboratory experiments were performed on water-wet carbonate rocks to model this process. The results are interpreted in light of the applicable scaling laws. The imbibition production behavior of a pillar of rock subjected to a slowly rising water table can be synthesized from data on total immersion experiments on small rock samples. If the rate of water table rise is slow enough and if the physical properties are such that the imbibition zone is of a small vertical extent, then only the final oil recovery on the small samples need be known. Applying laboratory imbibition data to a real reservoir should be done with caution because of possible wettability problems and the unknown behavior of two-phase flow in fractures. INTRODUCTION The spontaneous taking up of a preferential wetting fluid into a porous medium with the simultaneous expulsion of the contained fluid is termed imbibition. One of the many physical imbibition processes is the production of oil by the taking up of water into a water-wet reservoir rock. In certain types of heterogeneous reservoirs, e.g., fractured, it is realized that imbibition alone may be the dominant mechanism. Theoretical studies of imbibition oil recovery have followed several lines of attack. The behavior of certain mathematically tractable and conceptually simple models have been analyzed. Birks1 considered a bundle of vertical capillaries model, while Perotti et al.2 and Kelemen3 used a model of a series of vertically oriented fractures. If the oil production behavior from a block of reservoir rock is known, then the cumulative behavior of a vertical stack of these blocks subjected to a rising water table can be determined by a method outlined by Aronofsky et al. 4 Knowing the capillary pressure and relative permeability functions should uniquely set the imbibition behavior for a given sample. Solutions of the partial differential equations describing the process, however, present some formidable problems. Digital computer techniques have been applied to displacement processes in which the capillary pressure has been included.5"8 More recently, similar techniques have been used by Blair 9 to calculate countercurrent imbibition behavior. The fact that imbibition behavior is described by the usual fluid flow equations (Darcy's Law and continuity equation) implies that the derived scaling laws should apply equally to this situation. Use of model experiments to study imbibition has been employed by Graham and Richardson 10 and Mattax and Kyte,11 who actually tested the scaling law applicability. This study is concerned with scaled model imbibition experiments on water-wet carbonate rocks. Of particular interest is the slowly rising water table experiment. This simulates a highly fractured reservoir with the water table rising uniformly through the vertical fracture system. Experiments were performed on different sized samples and with different rates of rise of the water-oil interface surrounding the rock pillar. Total immersion imbibition experiments on smaller rock samples were performed to test the basic linear scaling laws and to see if these simpler tests could be used to synthesize the rising water table experimental results. THEORY IMBIBITION SCALING LAWS Scaling laws for the flow of two incompressible immiscible fluids in a porous medium have been presented by Rapoport.12 These are derived directly from Darcy's Law for the individual phases and the continuity equation. Results from a laboratory model experiment will duplicate those from some reservoir prototype if a constant proportion is maintained among the three forces acting on the fluids — the capillary pressure gradient, the gravitational gradient and the flowing pressure gradient. Operation of the model (i.e., fluid injection or withdrawal) must be conducted in accordance with specific equations. If the

Jan 1, 1967

By D O’Dea, B Godel, T Honeyands, G Evans, T Harvey

The pores within iron ore sinter are important for producing a high quality material that is strong and easily reduced. The complementary methods of mercury intrusion porosimetry (MIP) and X-ray computed tomography (CT) were used to characterise the structure of industrial and pilot scales sinters across a wide range of pore sizes (3 nm to 100 µm for MIP and 50 µm to 5 mm for CT). The inhomogeneous nature of sinter and the variation in the measurements make it difficult to compare samples. The generalised additive modelling (GAM) approach, using the open source statistical software package, R, has been applied to highlight where there are peaks in the concentration of pore sizes. Importantly, the shape of the GAM-fitted function and the heights of the peaks show statistically significant differences between samples. For the samples investigated, the GAM-fitted functions for the MIP volume distribution of pore diameters were found to have a common set of distinctive peaks at 0.005, 0.6 and 20 µm. The GAM approach was also applied to the X-ray CT measured pore wall thickness, highlighting a single peak whose position varies between samples. The cause of these distinctive peaks and their implications for sinter quality are discussed. Correlation was found between the volume in peak 1 (0.005 µm) and the concentration of primary hematite. No correlation was found between the pore wall thickness and the strength of the sinter, suggesting the composition of the pore walls may be more important. Future work will focus on small-scale sinters produced under tightly controlled conditions to study sinters with a wider range of quality values.CITATION:Harvey, T, O’Dea, D, Evans, G, Godel, B and Honeyands, T, 2017. Highlighting key features of the pore structure of iron ore sinter using mercury intrusion porosimetry and X-ray computed tomography, in Proceedings Iron Ore 2017, pp 39–48 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By Thomas M. Tharp

INTRODUCTION Attempts to analyze the stability of slopes, foundations and underground openings in discontinuously jointed rock have generally assumed full joint continuity or ignored the role of stress concentration at the tips of discontinuous joints. The most common approach in rock slopes is to consider a failure plane consisting of coplanar, but discontinuous joints separated by intact rock. The intact rock is assumed to fail in shear as a Mohr- Coulomb material and to contribute a strength component proportional to the fraction of the failure plane that is intact rock (Jennings, 1970). An alternative approach by Stimpson (1978) applies Lajtai's (1969) theory for shear strength of discontinuously jointed rock masses to slopes. Lajtai allows tensile failure in the intact rock of a composite surface. This theory yields lower shear strength than that of Jennings (1970) except in the presence of high normal compression, however it also fails to account for the stress concentration at the tip of a discontinuous joint. For a given slope geometry, stresses increase with slope height, but in both of these models rock mass strength is independent of size. A fracture mechanics analysis shows that particularly for small slopes, rock mass strength decreases with size. A continuous stepped failure surf ace produced by propagation of preexisting joints may develop at lower shear stress than predicted by the Jennings (1970) or Lajtai (1969) models. This fracture mechanics model applied to slopes in competent rock is more realistic in its assumed failure mechanism, and for large slopes more conservative than the Jennings (1970) or Lajtai models (1969).

Jan 1, 1984

By P. J. Kinver

This paper deals with the development of the cut-and-fill mining method at the Broken Hill orebody of Black Mountain Mineral Development Company (Pty) Limited, at Aggeneys in the north-western Cape Province of South Africa. Lead, copper, zinc, and silver are produced. Production started in January 1976, being confined to blasthole production methods in the upper, steeply dipping areas of the orebody. This blasthole reserve is 70 per cent depleted, and pillar extraction is in progress. The balance of the production tonnage, 60 kt per month, is produced from three cut-and-fill stopes situated in the flatter-dipping areas of the orebody. The cut-and-fill mining method at Black Mountain is a result of research and planning activities that included the use of modelling, laboratory tests, mathematical analyses, in situ tests, and experience gained from other mining operations. These investigations and the resulting developed methods and designs are summarized in the paper.

Jan 1, 1985

By Russell. A. Smith

This paper describes some recent work on the identification and development of new chemical reagents aimed at improving the industrial processing of phosphate ores by froth flotation. In particular, three chemical product families which will be discussed appear to offer enhanced flexibility by: 1) utilizing a small amount of a silica control reagent which can significantly reduce the amount of anionic (carboxylic) collector required for a given P2O5 recovery level; 2) utilizing a new anionic collector family which offers high P2O5 recovery and selectivity versus standard carboxylic collectors; and 3) utilizing another new anionic collector family which has, in some tests, allowed for selective removal of dolomite from apatite. Examples and use characteristics of each of these new chemical ideas will be presented.

Jan 1, 1993

By Lauri E. K. Holappa

Ferrochrome, as the central constituent in stainless steels is one of the most rapidly growing primary metallic products. In this contribution results of a comprehensive study on the reduction process of chromite ore to FeCr are presented including thermodynamic examination, experimental work on kinetics and mechanisms in solid state, and smelting reduction conditions as well as kinetic modelling of solid state reduction.

Jan 1, 1999

By A. Mitchell, T. Bagshaw

A recent paper by Thomas1 has presented new data on the solubility of hydrogen in solid silver at 1 atm pressure in the temperature range 600° to 963°C. However, no data is reported in the literature on hydrogen solubility in liquid silver. The Sieverts technique which has been described previously2,3 was used in the present work. Charges of approximately 160 g were melted in Morgan "purox" recrystallized alumina crucibles and purified helium was used for the determination of the "hot volume" during each experiment. A chemical analysis of the silver indicates that the impurity content (Cu + Al) is less than 0.02 wt pct. Hydrogen solubility in the temperature range 963° to 1200°C was investigated. The results of three experiments are shown in Table I. Fig. 1 shows an Arrhenius plot of the present work together with the solid-state data of Thomas, Steacie, and johnson,4 Eichenauer et al.,5 and Siegelin et al.6 The following expression has been derived from the Arrhenius plot of the present data: log (solubility of hydrogen, cm3 per 100 g) = 2.154-3512.0/ToK The heat of solution derived from Fig. 1 is 31,150 cal per g mole H2 compared with the value of 33,020 cal per g mole H2 obtained by Thomas and 12,000 cal per g mole H2 obtained from the data of Steacie. It was observed that hydrogen evolution took place when the silver melts were solidified under 1 atm of hydrogen, which would not be expected from an extrapolation of the results of Steacie. Schenck and Lange7 have observed that, for several transition metals at their melting points, the ratio of the hydrogen solubility in the liquid to that in the solid lies in the range 2.1 to 3.1. The present results and those of Thomas are in accord in this respect having a ratio of 2.8. 'C. L. Thomas: Trans. TMS-AIME, 1967 vol. 239, pp. 485-96. 2T. Bagshaw and A. Mitchell: I. Iron Steel Inst., 1966, vol. 204, p. 87. 'M. Weinstein and J. F. Elliott: Trans. TWS-AIME, 1963, vol. 227, p. 382. 'E. W. R. Steacie and F. M. G. Johnson: Proc. Roy. Soc. (London), Ser. A, 1928, vol. 117, pp. 662-79. 'W. Eichenauer et al.: Z. Metallk., 1958, vol. 49, pp. 220-25. 6W. Siegelin et al.: Z. Elektrochem., 1957, vol. 61, pp. 359-66. 'H. Schenck and K. W. Lange: Arch Eisenhuettenw., 1966, vol. 37, no. 9, pp. 739-48.

Jan 1, 1969

By Barrie Robb

Outline 1. Mackenzie Aboriginal Corporation (MAC) 2. ACR background 3. ?Learning from Experience? project - What - Why - lessons 3. How Industry could contribute to sustainable Aboriginal communities 4. Concluding words What is the Mackenzie Aboriginal Corporation (MAC)? ? Aboriginal owned ? Established construction capabilities ? Commitment to development of northern resources ? Partners have extensive experience

May 1, 2008

By A. O. Filmer

The techniques used in this study of the non-oxidative dissolution rates of high- and Iow-grade nickel mattes in hydrochloric acid involved leaching and the use of a rotating ring-disc electrode. It was found that the rate of metal dissolution depends on the potential at which the matte dissolves, a maximum rate of dissolution being observed at -0,2 V to 0,3 V (relative to a saturated calomel electrode). The results are comparable with those obtained in work on the dissolution of synthetic nickel and iron sulphides. The adverse effect of excess sulphur on the rate of nonoxidative dissolution is explained in terms of the mixed potential of the reaction. The leaching studies showed the feasibility of processing a high-grade nickel matte by non-oxidative dissolution, and indicate that maximum rates can be obtained in the presence of fairly Iow concentrations of oxidant. A relative selective dissolution of iron can be obtained from the Iow-grade matte under reducing conditions, thus resulting in a significant upgrading of this material. Letter to the Editor Dravo Corporation is seeking information concerning a special method of transporting explosives to aid in designing a large underground oil shale mine in the mountains of Colorado.

Jan 1, 1981

By James P. Connell

The Berkeley Pit of The Anaconda Company is located on the southeast slope of the Butte Hill, the legendary "Richest Hill on Earth," and is one of the largest pit operations in the world completely dependent on truck haulage. Through October 31, 1968, the Berkeley stripping and mining operations have moved more than 442,589,000 tons of material. Present scheduled production is at the rate of 260,000 tons per day, with a record quantity of 306,900 tons having been hauled on September 23, 1968. Although the Berkeley Pit has been in production only a little more than ten years, it has been the proving ground for many of the presently used large trucks. Beginning with the original R. G. LeTourneau 75-ton electric truck in 1960, Unit Rig 85- and 100-ton electric drives, Haulpak 65- and 105-ton electric drives, and Caterpillar 100-ton electric drives have all been tested under production conditions. In addition, engine development has kept pace with both 1000-hp diesel and 1100-hp gas turbine engines now under test. As the size of the Berkeley operation has grown, the truck fleet has changed in size and appearance in order to maintain economic mining costs. The original fleet consisted of forty-three 36-ton trucks with conventional mechanical drives. The present fleet is made up of eighty-nine trucks: nineteen 85-ton Unit Rig electrics with 700-hp diesel engines; sixty-nine 100-ton Unit Rig electrics with either 700- or 1000-hp diesel engines; and one 100-ton Unit Rig electric with an 1100-hp gas turbine engine.

Jan 1, 1969

By RR Vandebeek, A W. Bauer

The Canadian Explosives Research Laboratory regularly evaluates the properties of commercial explosives for authorization under the Canada Explosives Act. Propagation sensitivity is normally measured using small scale tests. Relating the results in actual mining practice is difficult. In the mining industry, the propagation sensitivity is a measure of the ability of one cartridge to propagate to an adjacent cartridge in a borehole. They may be separated by a gap of in-filling material. As well the propagation sensitivity will be affected by the explosive type, temperature, degree of coupling, cartridge diameter and other factors.

Jan 1, 1987