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By L. C. Stilwell

The paper will attempt to identify the threats, however obscure, that could confront the South African platinum industry. South Africa has the largest reserves of platinum group metals in the world, and is the largest producer of those metals. This situation is no different from that which existed in the gold sector fifty years ago. Since then South Africa?s share of world gold production has dwindled, and the gold mining industry has lost its dominance. Unlike gold, platinum has widespread use as an industrial commodity. Its investment value is a minor portion of its total value. It is therefore subject to different market forces. The sheer magnitude of the industry in South Africa obscures the fact that it is a wasting industry, and that South Africa exports almost all its production as a refined metal in the form of autocatalyst. Since Hotelling published his seminal work The economics of non-renewable resource in 1931,the science of mineral economics has developed exponentially. The paper will present a background of mineral economic theory and compare to this the development of the South African platinum industry. Of particular concern to a mineral exporting country is the question of mineral rent?its definition and employment. This will be the mail theme of the paper.

Jan 1, 2006

By C. R. Criss, R. J. McCormick

ThiS paper .summarizes the development and perform. ance of the Coldwater Oil field, Isabella County, Mich. Production is obtained at a depth of 3750 ft from a dolomite reservoir, which is probably both Rogers City and Dundee. There appears to be no persistent barrier to vertical fluid movement between the Rogers City and Dundee, and both formations are believed to have a common original oil-water contact. No we1ls are open to production at the level of the Dundee. The discovery of the field in 1944 was followed by the drilling of 81 producing wells and nine dry holes. By the end of 1952, the field had produced 12,763,000 bbl of oil, at which time 69 active wells were producing 3600 B/D oil and 21,000 B/D water. The reservoir has an effective natural water drive, and bottom-hole pressure has declined 75 psi from an original pressure of 1453 psi. Oil is undersaturated at reservoir conditions with a solution GOR of 512 cu ft/bbl and a saturation pressure of 1190 psi. INTRODUCTION Although the Coldwater Field is now in its ninth year of production, it ranks seventh in cumulative recovery, and second in current daily oil production in the State. Following complete development of the field in 1946, it has consistently contributed approximately 11 per cent of Michigan's daily production. Coldwater appears to have a greater pay thickness than most fields producing from the Rogers City forma- tion in the west central part of the Michigan basin. Except as influenced by the extent of closure and the thickness of the oil column, reservoir performance is believed to be representative of Rogers City fields in this part of the basin. For this reason, it is felt that the following presentation of factual data for the field will be of general interest. HISTORY AND DEVELOPMENT Discovery of the Coldwater field during Aug., 1944, followed favorable subsurface geological correlations and core tests drilled to a shallow stratigraphic marker horizon. The field is located in the west central part of the Michigan Basin in Coldwater Township (T16N-R6W), Isabella County. It is 60 miles west-northwest of Bay City, and near the geographic center of the southern peninsula of Michigan. The discovery well flowed 200 bbl of oil the first 24 hours from the Rogers City dolomite at a depth of approximately 3750 ft. Field production is principally from the Rogers City with a minor amount assumed to come from the underlying Dundee dolomite, although none of the wells are open to production at the level of the Dundee. Both the Rogers City and Dundee formations belong to the Devonian system (See Geologic Column-Fig. I.) In addition to Rogers City-Dundee oil production, sweet gas is produced from the Michigan Stray sand of the Mississippian system at a depth of 1400 ft. The gas reservoir has approximately the same areal extent as the underlying oil reservoir. Although gas production is an important feature of the Coldwater field, this report is concerned only with the oil reservoir. The productive area is approximately 3200 acres. The pool is developed on a 40 acre spacing pattern with wells drilled in the center of the north half of 40 acre tracts, except for a few off-pattern wells drilled along

Jan 1, 1955

By John C. Robison

INTRODUCTION Sensitivity analysis is a means of gauging the impact of individual risks on a financing. Key risks can occur in three time periods: - Feasibility, engineering and construction phase; - Start up phase (usually through completion); - Operating phase (post completion). If a company has agreed to cover these risks prior to completion, then less attention will be paid to the sensitivity of the project in the first two time periods. Since the operating phase of the project generates cash for both operations and debt service and generally does not begin until two to six years after the loan is signed, it is wise to look at scenarios other than the projected "base-case" scenario in order to determine the project's capability to operate successfully under a broad range of probable future events. Lenders are compensated at a fixed spread over their borrowing base and generally are not compensated if the project is successful beyond expectation. They are also subject to the loss of principal plus funding costs if the project performs below expectation. Because of this, lenders establish sensitivities around the parameters of conservative projections developed in the project feasibility studies and the cash flows resulting from these projections. The initial cash flow projections should demonstrate the project's ability to meet cash costs, debt service requirements (principal and interest), and still have sufficient cushion to cover contingencies such as strikes, price fluctuations, force majeur situations, etc. (See Schreiber, Chapter 10). The selection of the level of sensitivity analysis to be performed is the result of both objective criteria, including probabilistic analysis applied to the technical parameters, and, of equal importance, subjective criteria applied by the analysts, especially with regard to the economic and financial parameters impacting the project cash flows. RISK SENSITIVITY Assumptions used in the cash flow projections should be realistic. Risks identified by the lenders should be identified and cash flows prepared to assess whether these project risks are acceptable. Typical project risks include the following (see also Chapter 9): - Sufficient reserves - quantity and quality - Product price - Production level - Operating costs - Availability of energy and supplies - Transportation and infrastructure requirements and costs - Interest rate - Completion risks - Tax level - Political risks - Cost over-run risks - Operator experience - Management - Technological risks - Environmental permits and risks - Foreign exchange risks - Insurance coverage - Equity of sponsors - Inflation rate - Capital expenditure during project life In order to see the effect on the cash flow projections, each risk should be analyzed for its impact on the cash flow generating capacity of the project. Sensitivities can be examined to see if the resultant cash flow projection will meet the lenders minimum credit standards. 1.Reserve Sensitivity In general, lenders will not assume the reserve risk. However, it should also be noted that lenders receive loan proposals in which reserves range anywhere from proven to possible. Sensitivities are not generally run for various reserve levels and reserve estimates are either considered acceptable or not acceptable by the lenders.

Jan 1, 1985

By Thomas J. Snyder

Modern quarry management should be alert to every opportunity to improve productivity and reduce operating costs. In this paper, the author outlines areas in which explosives suppliers should be encouraged to propose changes. He also supplies guidelines for evaluating these proposals, suggests yardsticks for measurement, and stresses the need to be open-minded when dealing with imaginative, innovative concepts.

Jan 1, 1988

By J. Stiksma, J. Dennett, R. Kalanchey, J. Ji, M. Collins, T. Chan, R. Berezowsky

A pilot plant campaign has been conducted by Sherritt Technologies in support of Eldorado Gold Corporation’s evaluation of pressure oxidation technology for the treatment of refractory gold concentrates from the Certej deposit in Romania. Four separate concentrates, containing 3.5 to 5.4 g/t Au, 13.0 to 14.5% S2- and 12.0 to 32.5 g/t Ag, were tested in the eight-day campaign. The major gold-bearing mineral was pyrite. Preliminary batch tests indicated that gold extraction from the oxidized concentrates in subsequent cyanide leaching was adversely affected by the presence of organic carbon in the pressure oxidation feed when chloride in solution was at an elevated level. As such, the process conditions that were tested during the pilot plant operation were selected to either counteract the negative impact of the organic carbon, or to deactivate it during pressure oxidation. Both process routes proved feasible, yielding gold extraction of 95 to 98% in cyanide leaching of the oxidized concentrates. Silver extraction was typically in the range of 80 to 90%, provided that the oxidized concentrates were also processed in a lime boil step prior to cyanide leaching.

Jan 1, 2014

By J. P. Dick

THIS paper is a description of the milling practice and metallurgy at the Moneta Porcupine mine, Timmins, Ontario. The results obtained with an all-cyanide circuit and later with flotation followed by cyanidation are described. The ?investigation which prompted the various changes in milling practice have also been dealt with. Moneta ore is possibly the most refractory now being milled in the Porcupine district. This is due to the ultra fine state in which the gold occurs and to its intimate association with pyrite. No doubt there is ore of similar characteristics on the neighbouring properties but it probably forms only a small portion of the tonnage being mined, whereas at Moneta the bulk of the ore requires an extremely fine grind to liberate the gold. The fineness to which an ore can be ground economically has gone far beyond what was thought to be the limit only a few years ago. Formerly, a set of standard screens was all that was required to measure the fineness to which an ore was ground. At present, the Haultain infrasizer is practically indispensable, and the nominal micron has become a familiar unit of measurement to all those dealing with the problems of fine grinding.

Jan 1, 1941

By J. T., Norton

As cold working is an important feature in a great many of the fabricating processes now applied, this paper presents some ideas on the nature and results of the plastic deformation produced in this operation. The art of manufacturing metal for practical uses is very old and has undergone very great development. The science of metals has- also developed very rapidly recently and the various processes to which metals are submitted are much better understood now than they were even a short time ago. All the knowledge that can be obtained on this subject is useful because it promotes efficiency in converting metal into finished articles.

Jan 1, 1927

By C. Jardine

The concept of the system is to minimize costly unscheduled breakdowns of equipment by replacing components earlier than their "life" expectancy. Periodic unit services are scheduled according to pre-set constraints. Service sheets are generated by matching a job and component master listing based on assigned cyclic component lives. The system can provide accountability of all man-hours reported and history information can be selectively retrieved. By reducing unscheduled equipment shutdowns, this system allows for better utilization of manpower and an overall improvement in equipment reliability and availability.

Jan 1, 1979

By Harry M. Parker

Exploration for sandstone-type uranium ore bodies which will be exploited using underground mining techniques is usually executed in sequential fashion. Geostatistical methods can be used at the earliest exploration stages to design drilling programs which have a high probability of success in the location and delineation of mineable ore-grade mineralization, should such mineralization exist. In succeeding development stages, geostatistics may be used to outline and define the potential grade of reserves and to apply confidence limits on the grade estimation. Delineation of mineable reserves for mine planning requires extensive development drilling; using such drilling data geostatistical methods may be used to minimize the drilling needed to achieve a desired level of confidence in the calculation of mineable uranium ore grade and tonnage. Because sandstone-type uranium deposits tend to be pod-shaped and are generally aligned along a mineralized trend, this paper proposes a geostatistical method of calculating uranium ore reserves which accounts for this fact and predicts the area within a trend which is underlain by ore. This method uses an indicator value; that is, drill holes which contain mineable ore-grade intercepts are coded as 1, those that do not are coded 0. The indicator may be kriged over the mineralized trend to obtain an estimate of the area underlain by ore. The thickness and grade-thickness may be kriged, and the average ore grade may then be obtained by dividing grade-thickness by thickness, as is conventional for stratabound deposits. The mean grade is then multiplied by the kriged mean thickness to obtain an estimate of the volume, and thence tonnage, of mineable ore within the trend.

Jan 1, 1979

By D. B. Sundar Ramam

In the recent past, a paradigm shift in terms of resource utilization and beneficiation practices is experienced by the Indian mining and mineral sector. Depleting iron ore reserves coupled with increasing demand for low-alumina iron ore fines to improve blast furnace performance in terms of productivity and reduced slag rate necessitate intensive beneficiation of iron ore. The task is even difficult for Indian iron ores, which are generally high in iron content and at the same time characterized by aluminous gangue. In 2006, M/s Tata Steel commissioned a state-of-the-art Jigging Plant (Batac Jig) at Noamundi Iron Mine (NIM), mainly to reduce alumina in iron ore fines. The jigging plant is incorporated in the existing beneficiation circuit to treat ?10+0.5mm size fraction of classifier fines. Over the course of plant stabilization while the plant could deliver desired ore upgradation and average product alumina, variability in terms of alumina content has been a concern. This paper discusses a case study of process parameters optimization in jigging operation to achieve consistent product quality while improving the effectiveness of gravity concentration for the beneficiation of Noamundi iron ore also to take care of inferior plant feed (input) grade year on year. The operating variables used to optimize jigging operations include bed height, pulsion and suction time, particle size, strokes, and plant throughput rate.

Sep 1, 2012

By P. G. Shewmon

If interfacial equilibrium is maintained at the interface between a growing precipitate and the supersaturated matrix, so that solute diffusion alone determines the growth rate, the precipitate shape should evolve toward that characteristic of the dendrites found in solidification. However, this shape is rarely observed in precipitation reactions proceeding at high temperatures where interfacial equilibrium is usually felt to prevail. Thus some other stabilizing factor must enter, to keep the interface smooth. It is shown that a slow interfacial reaction (low interfacial mobility) will stabilize the interface, while transformation stresses have a IN studying the kinetics of phase transformations such as solidification or proeutectoid precipitation at high temperatures, it is customary to assume that equilibrium exists across the interface and that the rate of the reaction is determined by the rate at which heat and solute diffuse to and from the interface. In the case of precipitation, such an assumption predicts an almost infinite rate of initial growth. It is generally stated that the rate cannot be infinite and that during some initial period the rate must be determined not by solute diffusion but by an interfacial reaction, i.e., transferring atoms across the interface. The duration of this much weaker stabilizing eFfect and impurities tend to enhance instability. It is also concluded that a sets an upper limit on the wavelength of the perturbation that can give instability. Thus initially all flat or smoothly curved particle interfaces will be stable even if their growth is diffusion-controlled. Proeutectoid precipitation in the Fe-C system is considered in some detail and it is shown that the experimental results can only be rationalized if the growth rate of ferrite in steel transformations is determined by a slow interfacial reaction for all hut a few orientations between the two phases. initial period has never been clearly established, but it is generally assumed to be too short to affect any measurable results.' Several authors have pointed out that in the case of interfacial equilibrium any bump in the surface will grow out ahead of the planar interface due to the higher gradient in front of it.2j3 Thus the interface will be unstable with respect to an irregular interface with points (plates) propagating rapidly out ahead of the interface into the supersaturated phase. Recently, Mullins and Sekerka have given equations for the stabilizing effect of surface tenion.~ They found that for particles with a radius of curvature of 1 p or greater the stabilizing effect of surface tension will be completely overcome by a supercooling, or supersaturation, of as little as

Jan 1, 1965

Jan 1, 1936

By S. J. Gerdemann

The U.S. Bureau of Mines is studying the kinetics of wet oxidation of sphalerite concen- trate (ZnS) as a possible process for a gravity-pressurized reactor (GPR). At tempera- tures in excess of 200' C, a sphalerite water slurry will react with 0, to form zinc sul- fate (ZnSO,). However, the pressure required to keep the water from boiling at these temperatures has kept this reaction from becoming a viable continuous process. The GPR can easily obtain the high pressures required for this reaction. The reaction rate is complicated by the solubility of 0, in water and the further oxidation of ZnSO, to insoluble zinc oxysulfate (Zn4(OH),S04.4H20). The effects of pressure, temperature, and particle size on the rate of reaction were investigated. Reaction rate was found to be limited by the amount of oxygen in solution. However, at 250" C and 1500 psia, over 90 pct of the zinc was solubilized in less than an hour. The conditions for maxi- mizing the Zn++ in solution, while minimizing oxysulfate formation, are discussed.

Jan 1, 1993

By D. Zaharaki

In the present experimental study the geochemical stability of inorganic polymers was studied by immersing them in various solutions (distilled water, seawater and 0.5N HCl) for a period of 7 months. Inorganic polymers were synthesised by mixing ferronickel slag with kaolinite, potassium hydroxide and sodium silicate solution. The cement like paste was heated at 80 °C for 48 hours and left for curing at room temperature. Their structural integrity was assessed by compressive strength testing after subjection to freeze-thaw cycles as well as high temperature heating. XRD studies were carried out in order to identify new formed phases and provide useful information regarding the progress of the mechanisms involved.

Jan 1, 2008

By Michael M. Kimberley

Gold is sufficiently valuable that concentrations as small as 1 p.p.m. may support low-cost mining. Mindful of this, Sunoco Energy Development Company (Sunedco) obtained fire-assay analyses on some sulfide-rich sandstone encountered during routine drilling. Initial fire-assay values from independent laboratories indicated some significant gold values and independent analysis by atomic-absorption spectroscopy also indicated detectable gold at economically interesting concentrations. Sunoco geologists realized the potential for spurious results inherent in both fire assaying and atomic-absorption spectroscopy. Fire assaying that relies on gold measurement by weight requires perfect separation of gold from all other elements, Imperfect separation may artificially enhance apparent gold concentrations. Atomic-absorption-spectroscopy (AAS) measurements are potentially subject to interferences from other elements. For example, Beamish and Van Loon (1977, p.4) report AAS measurements of 4 p.p.m. Au to be characteristic of completely barren soil samples when samples are prepared by standard dissolution in HC1 to form solutions of about 10,000 p.p.m. total cations (mostly Na, Ca, Mg, Al, and Fe) .

Jan 1, 1981

By J. George Gregr

"This paper gives a brief review of grinding mills installation procedures with special emphasis on future maintenance. The importance of cooperation between the customer, construction contractor and manufacturer's representative is discussed, as well as the imparlance of complying with standards, specifications and the keeping comprehensive installation records.Fundamentals of mill maintenance are explained with the aim being to maximize the equipment availability and to minimize unscheduled downtime. The paper also includes development of wear items design, based on operating conditions, drive components and bearings, and how to keep large gears healthy thus eliminating surprise failures.Experience with installation of a large gear on a 34-foot diameter mill in Lornex and successful application of a computer program for the gear alignment on the mill are given.IntroductionSuccessful operation of a concentrator begins with the engineering of the project and continues through selecting the right equipment, its installation , start-up period, and ends with final tuning of the process. machinery and the human factor into an efficient and viable industrial complex.The following is a brief review of grinding mill installation procedures with special emphasis on future maintenance. Fundamentals of mill maintenance are discussed with the aim being to maximize the equipment availability and to minimize unscheduled downtime, with some specific points on key grinding mill components such as bearings and drives.Finally, the experience is recounted with the installation of a large ring gear on a 34-foot diameter mill at Lornex, and the successful application of a computer program for the gear alignment on the mill."

Jan 1, 1985

By R J. In, C Moore, P J. Moffitt, T Hansen

Telfer Gold Mine combines a world-class gold and copper resource and longevity of operation as a major gold and copper producer. Telfer Gold Mine has undergone a series of transformations since mining commenced as a high-grade narrow-vein oxide open pit operation in 1977. In 1986, the open pit operation converted from a narrow-vein, high-grade operation, to a low-grade high-volume oxide mining operation utilising dump leach processing technology. Mechanised underground mining of the high-grade narrow-veins commenced in 1990. Total recovered gold production between 1977 to 1999 has totalled 5.7 million ounces. The Telfer Extension Project consists of two pre-feasibility studies, the Surface Extension Project (SEP) and the I-Series Project (ISP). The combined studies represent one of the more significant resource evaluations undertaken in the gold industry in recent times. Geological activities for the SEP pre-feasibility study have included the drill definition of a large low-grade resource within an area of 25 km2 . The surface drilling program has completed 15 000 metres of HQ3 diamond drilling and over 30 000 metres of RC between last quarter of 1998 and late-1999. The ISP pre-feasibility study is currently evaluating the resource potential of both a high-grade low-volume and a lower grade bulk mining scenario, 800 m to 1200 m below the surface of Main Dome. 15 000 metres of underground diamond drilling have been completed between last quarter of 1998 and August 1999 as part of this study. Systems and cultures have been developed to maximise safety, monitor the quality assurance/quality control (QA/QC) on all aspects of the operation, and minimise impact on the environment. All data are stored in database systems, specifically designed for Telfer operations. 3D geostatistical resource estimation using ordinary kriging has been carried out for over 220 geological domains within the 25 km3 of mineralised system. Non-linear geostatistical techniques are being investigated as part of the pre-feasibility study.

Jan 1, 2000

By Joseph R. Crump, Francois Ville, Frank M. Tiller

Several simplifications have been accepted in filtration theory during the past fifty years in an effort to avoid apparently intractable mathematical problems. In effect, these simplifications ignored the variation in average cake porosity and average filtration resistance with variation in pressure drop or with time. This study examines the traditional approach and shows that, in many cases, it cannot give correct design guidance. Using a set of dimensionless parameters because of the large number of significant variables, a revised theory is developed which does not require that porosity and resistance values be set constant. Graphs developed in the traditional approach (e.g., dt/dv versus v or t/v versus V) have substantial curvature near the ordinate; but this curvature is frequently ignored in theory and is easily missed in experiments. The revised theory allows more accurate design calculations, especially for compressible cakes.

Jan 1, 1980

By J. J. Lewis

In the mid-1970's a major new prospect was proved in a previously unworked region of North East Leicester- shire, United Kingdom. Preliminary estimates from borehole information showed over 500 million tonnes of recoverable reserves. A special Planning Team was set up, to co-ordinate the work for the two local Areas, South Nottinghamshire and South Midlands (management of production of the UK National Coal Board is organised in twelve such Areas). The team was led by one of the authors as Deputy Director, Mining, North East Leicestershire Prospect (NELP). The remit imposed by the National Coal Board was to analyse the possible options of number, location and eventual rates of output of shaft or drift access; to select a recommended alternative in the light of geological, mining, topographical and environmental considerations; and prepare submissions in accordance with standard Board practice on major projects - such submissions including detailed engineering design, financial appraisal, and full risk assessment. To assist the Planning Team, surface and underground consult- ant engineers were appointed to prepare feasibility studies of specific civil and engineering problems.

Jan 1, 1979

By F. A. Rutledge

Mercury deposits were discovered in 1941 in the sedimentary rocks of the Cinnabar Crook area, near the head of the Holitna River drainage in southwestern Alaska, by Russell Schaefer and Harvey Wincholl of Sloitmut, Alaska. High-grade float was found in both Canary Gulch and Cinnabar Gulch, and indications of other deposits wore found in Aldor and Broken Shovel Gulches. Schaefer and Winchell's exploration in 1942 and 1943 revealed placer deposits of cinnabar along Canary Gulch. During prospecting on Canary Gulch, 3,600 pounds of ore was recovered from the detrital material on the Lucky Day lode at the head of the gulch. When retorted, this ore was reported by the owners to have produced 26 flacks of quicksilver. During the summer of 1943, Wallace M. Cady and Charles A. Hickcox, of the U. S. Geological Survey, spent 4 weeks mapping and investigating the area. Bruce I. Thomas and Harold C. Pierce, mining engineers of the Bureau of Mines, examined and sampled several deposits in September 1943. Following their preliminary examination, in view of the exceptionally high-grade cinnabar present, additional investigation by the Bureau of Mines was recommended. A program of trenching, test pitting, and sampling to delimit the deposits was completed during the summer of 1947 under the direction of the author.

Jan 1, 1950