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By A. Kraly, M. Complojer, P. Paschen, K. Gamweger, H. Antrekowitsch

Increasing quality of aluminium alloys and continuous optimization of the production process leads to an improvement of the gas purging systems. The application of porous plugs for the treatment of liquid aluminum is nowadays not widely used in the aluminium industry especially in Europe. The Department of Nonferrous Metallurgy and the Christian Doppler Laboratory of Secondary Metallurgy of Nonferrous Metals intensified the research and development of refining and alloying processes by gas treatment during the last years. CFD-modeling supports these experiments, which should lead to lower hydrogen content, lower suspended particles and a better distribution of alloying elements in the melt. Different parameters such as temperature, bubble size, gas amount and which kind of gas is used influence the quality of the products.

Jan 1, 2006

By R. Y. K. Yang, O. Olajide, E. H. Cho

"This study focuses on partial leaching of coal pyrite with sodium sulfite in order to increase its degree of liberation from the coal matrix, which might help to increase the removal of coal pyrite, together with trace elements of arsenic (As), selenium (Se) and mercury (Hg) by froth flotation. The U.S. Bureau of Mines’ two-stage reverse flotation process was applied to further reject coal pyrite in the second stage, where pyrite was floated while coal was depressed. The results show that the leached coal flotation with sodium sulfite produced lower pyritic sulfur content in the clean coal by approximately 25% compared to the flotation of unleached coal. The synergism mechanism between the leaching and the two-stage flotation is delineated. The rejection of trace elements (As, Hg and Se) after the two-stage flotation process with unleached coal followed approximately that of pyritic sulfur (64.6%). However, after the two-stage flotation with leached coal, the rejection of Se was as high as that of pyritic sulfur (77.9%), while the rejections of As and Hg were 20% lower than that of pyritic sulfur, or followed approximately the same rejections obtained through the two-stage flotation with unleached coal.IntroductionSO2 is a reducing reagent, but when it is combined with oxygen in an acidic solution, it will become a strong oxidizing reagent for leaching coal pyrite. Sundaram et al. (2001) found that the reagent could leach coal pyrite to produce ferric iron, which, in turn, catalyzed the oxidation of SO2. Similarly, Cho et al. (2009) found that the reagent could leach pyrite as well as mercury from coal. In the present study, coal was preconditioned by partially leaching coal pyrite in water-coal slurry with sodium sulfite at 48° C. The partial leaching of coal pyrite may enhance its degree of liberation from the coal matrix and give a chance to be rejected more effectively during the flotation.The two-stage U.S. Bureau of Mines’ reverse flotation process (Miller, 1975) was used in this study. The first stage is conventional flotation, in which coal is floated while material with higher ash and pyrite content remains in the cell. Kerosene is used as a promoter to float the coal and MIBC (methyl isobutyl carbinol) is used as a frother. In the second stage, the floated coal from the first stage is depressed using a starch-based reagent, while coal pyrite is floated using potassium amyl xanthate. In this second stage, the liberation of coal pyrite from the coal matrix seems to be an important factor for successful rejection of coal pyrite."

Jan 1, 2015

By A. F. Frederickson

A MINERAL can best be defined as a phase,' where the term "phase" is described as a homogeneous,* physically distinct, and mechanically sep- arable portion of a system. If one phase develops from another, certain nuclei must first be available.2.394 The manner in which new material is added to these nuclei, and the subsequent structural and other characteristics of the phase, is often markedly influenced by factors other than its temperature, pressure, and gross compositional environment. Rates of growth, presence of impurities, the availability or lack of oxygen, the pH of the system, and percentage of completion of the often determine which modification will develop. Many transitional phases develop when a relatively insoluble precipitate is formed from solution. Different modifications are formed, depending on the speed and percentage of reacting solution added. Some of these "forms" are stable and do not "age" or transform into the so-called stable modifications. These modifications are difficult to treat in terms of equilibrium diagrams for the simple reason that these minerals do not represent an equilibrium situation described by only two (temperature and composition) or three terms (when pressure is considered). Many crystals exist as stable or meta- stable phases in nature in environments much different from those indicated by certain equilibrium diagrams. Cristobalite octahedra grow on zeolite needles in vugs, diaspore develops from a medium that does not appear to have been subjected to high pressures and temperatures, authigenic feld-

Jan 1, 1952

By P G. Gaylard

The minerals Industry carries out over US$ 2 billion of R&D annually. The R&D is performed at three levels ? in house research facilities; on a one-on-one basis with a research provider; as syndicated (collaborative) research. The key to a successful R&D programme is project selection. It is suggested that at this time of ?bounty? for the minerals industry the research portfolio should contain some ?blue sky? but potentially long term significantly beneficial projects. This said, the projects should align the technical concepts with the business imperatives. AMIRA has found the ?Road Map? concept has assisted in defining areas for R&D. Examples of this methodology using a Copper Road Map developed by AMIRA for the copper producers operating in South America is presented. The benefits derived from syndicated research are also discussed.

Jan 1, 2007

Senior staff representatives of the Bureau of Mines and the National Institute for Occupational Safety and Health (NIOSH) met in Washington on September 6, 1972, to review and evaluate their cooperative accomplishments to date and to consider the planning and conduct of future coordinated activities. The six presentations given at this joint staff seminar are published here for the benefit of those concerned with the problems of coal mine health, and especially those with responsibilities in administering the Coal Mine Health and Safety Act of 1969.

Jan 1, 1972

By G. M. Card, K. D. Card, B. V. Sanford

Abstract-The Canadian Shield and its extensions are traversed by an orthogonal system of northwest and northeast trending arch-style uplifts. These basement arches were formed by repeated vertical movements along pre-existing structures during compressional and extensional tectonism connected with events in surrounding Proterozoic and Phanerozoic orogens and ocean basins. The arches influenced patterns of sedimentation and tectonism in the intervening epicratonic basins and marginal platforms throughout the Proterozoic and Phanerozoic. Movements on the arch structures also triggered minor magmatism and controlled the location and timing of alkalic rock-carbonatite, kimberlite, and related intrusions in the Canadian Shield, the Western Canada Sedimentary Basin, and West Greenland.

Jan 1, 1997

By R. H. Moore

The data for diffusion in dilute binary alloys with the Solvents Ag, Cu, Ni, Fe. Al. and Pb hare been correlated as a function of atomic volume. Linear equations of the form: Q = b - a log V are obtained with constants "a" and "b" ciuirac-teristic of each solvent metal. In most cases. 3-d In recent years measurements of diffusion coefficients in solid binary alloys. using small concentrations of radioactive isotopes. have resulted in accumulation of highly reproducible data. Such and 4-d transition elements correlate on separate straight lines from those which serve to correlate the non/ransition elements. The data for the uon-transilion elements diffusing in silver and copper liave been fitted by least-squares analysis. It is concluded that the size and charge effects which determine the magnitude of the activation energy for diffusion are a function of atomic volume. systems represent the simplest possible examples of chemical diffusion since solute interaction effects can be neglected and Kirkendall-like phenomena do not occur. Generally it is found that thc diffusion rate of the solute is within an order of magnitude of the diffusion rate of the solvent. The differences have been attributed to the effect of size and to electrostatic interactions between the solute and solvent atoms.

Jan 1, 1965

By Robert Matusewicz

Ausmelt Technology has been applied to the recycling of spent pot liner (SPL) generated from primary alnminum production. The process is centered on the Ausmelt furnace, in which the SPL is converted under high temperature, oxidizing conditions to an HF containing gas stream and inert slag. fluorine is recovered from the SPL as HF gas and is concentrated and used to manufacture AIF) for recycle to the aluminum smelters. Approximately 87% of the fluorine can be recovered and converted to AIF), with the remainder being effectively tied up in the by product slag. Cost projections show that the recycling process will be competitive with other processes for SPL. The production and recycling of AIF) provides available credit that significantly offsets the operating cost of the facility. Ausmelt Technology for recycling of SPL is currently being marketed in North America by Ausmelt Technology Corporation in Denver, Colorado, and in the rest of the world by Ausmelt Limited of Dandenong, Australia.

Jan 1, 1996

By Vladimir Lobanov, Vladimir Skorohodov, Boris Radionov, Olga Makovskaya

"The synthetic sorbents and the activated carbons which are used for the metals extraction from weak process liquors are rather expensive. It is propose to use mineral and synthetic high-porous substances which sharply increased sorption properties by special processing. For achievement the desirable properties sorbents are impregnated by specially prepared solutions. Such solutions should contain the substances or its anionic forms which on the one hand are strong enough fixed in a supporter pores, with another are capable to form the insoluble compounds with extracting metals. Selectivity is provided by chemism of the reagent interactions with extracting metal. Due to the high concentration of a reacting ion in a sorbent phase the capacity and rate of sorption increases. Formed insoluble compound remains in a phase of the sorbent and necessity of its filtration disappears. For synthesis the sulfhydryl compounds which chemical properties allow to increase degree of extraction and capacity of the activated carbon were used. At hydrometallurgical processing of precious metals mineral raw materials the commercial solutions with the concentration of gold from 0,1 to 5 mg/dm3 are received. Commonly gold is precipitated from cyanic solutions by the zinc dust. The sorption methods are widely applicable. But the synthetic sorbents and the activated carbon using to these purposes are rather expensive. Expenses for sorbents even at its regeneration can reach 10-15 % from total expenses of gold extraction from ores. When sorbent regeneration, mostly for carbon, is not provided, this share increases to 30-40 %. Thereupon search of the sorbents combining availability, the sufficient capacity, demanded degree of extraction and the low price is actual. For the specified purpose it is offered to use the mineral and synthetic high-porous materials which sorption properties are sharply rose by special treatment. Among such substances are natural zeolites, silica gel, lignine et al. Similar treatment can improve the sorption properties of sorbents used in practice, particularly, the activated carbons. The simplest treatment of potential sorbents consists in its impregnation by specially prepared solutions. Such solutions should contain substances or its anionic forms - impregnating agents. These agents should be on the one hand strong enough fixed in a carrier pores, on the other hand are capable to form with extracting metals insoluble compounds. The more strong compounds are formed the high degree of metals extraction from solutions. The sorbents with similarly changed properties are named the impregnated sorbents."

Jan 1, 2008

By T. PH. D. Egleston

THE origin of gold both in placer deposits and in veins, and especially the origin of nuggets, has been the subject of repeated discussions and investigations, which have been recently brought to my attention by several extremely interesting specimens sent to me for examination, and more especially by the one exhibited at the meeting of the Institute in February, 1880.* In the year 1874 I made some examinations of the hydraulic mines of Califor¬nia, and was very much struck with the distribution of the gold throughout these deep placers, which were almost invariably poor on' the surface, while gradually growing richer towards" the bed¬rock. The constant presence of fossil wood, and the large quantity of organic matter contained even low down in these beds, was also remarkable. Not being satisfied with the various theories advanced to account for the formation of these deposits, I began an investiga¬tion early in the year 1879 on the conditions of solubility of gold and the causes of the loss in working gold ore in a large way: The researches which I have undertaken show that gold must be considered a soluble rather than an insoluble metal, and that the conditions of solution are such as will be found anywhere where gold is likely to occur, and the solution may take place even under the ordinary cir¬cumstances of surface drainage, and may be going on freely even where the presence of gold has never been suspected, and that there are causes enough in nature to produce the solution of the gold in sufficient quantities to account for all the phenomena of both the vein and placer formations. The general theory with regard to the formation of these placer deposits and nuggets has been that they were the result of the de¬struction of pre-existing- vein-matter, which does not accord with the facts as shown in the deep placer deposits. The gold in such case would be distributed in layers of unequal richness throughout * Transactions of the American Institute of Mining Engineers, vol. 8, p. 451.

Jan 1, 1881

By Brommerm Tracey, Britt Elin Gihleengen, Elsa Olivetti, Hans Ole Riddervold, Randolph Kirchain, Geir Øyen

"Compositional uncertainty in secondary materials and variable processing conditions inhibits secondary material utilization in the production of aluminum alloys. Efforts to implement optimization models that direct batch planning have limited industrial presence due to factors such as the insensitivity of these optimization models to dynamic plant circumstances. This paper describes a chance constrained model formulation that generates lower cost, robust batch plans with significant flexibility towards changes in processing conditions. The principal attribute of the chance constrained formulation is its inherent mitigation of risk by diversifying the batch plan. This paper compares aluminum remelter batch planning using the chance constrained formulation with a traditional deterministic model and a manual batch planner. With the expectation that volatile material prices, restricted scrap material availability, and pressure by consumers and legislation for increased recycled raw material input will continue in the future, batch planning tools that inherently diversify a production portfolio will become increasingly advantageous for industrial aluminum remelters.IntroductionAluminum remelters must develop strategies to incorporate lower cost secondary materials into finished alloys to remain competitive amidst increasingly demanding market and regulatory conditions. Determining the optimal combination of incoming raw materials to produce an alloy that meets compositional specifications presents remelters with a complex problem that has driven the development of computational tools commonly referred to as batch planning or blending algorithms. The ubiquity of the ingredient or raw material blending problem in production has motivated ongoing development of batch planning algorithms since the classic nut-mix problem in the 1950's [1]. The most common model formulation for industrial aluminum remelters are deterministic, linear optimization programs [2]. These blending problems determine the optimal combination of raw materials by minimizing cost subject to constraints around demand, availability, and compositional specification. Despite extensive research and moderate computational requirements, batch planning algorithms are inconsistently used in industry. Insufficient incorporation of the complexity of real world remelting conditions into these models provides an obstacle for their implementation [3]. For example, many batch planning algorithms do not explicitly incorporate the impact of compositional variation of the raw materials on overall batch cost. Additionally, they do not allow for endogenous specification of tolerance to error in batch planning, so provide little flexibility where a batch planner would like to incorporate materials of greater uncertainty. Incomplete accounting for quality variability undervalues secondary materials leading to overly conservative use [ 4, 5]."

Jan 1, 2011

THE Howe Memorial Lecture, in memory of Henry Marion Howe, Past President of the Institute, was authorized in April, 1923, as an annual address to be delivered by invitation under the auspices of the Institute by an individual of recognized and outstanding attainment in the science and practice of iron and steel metallurgy or metallography, chosen by the Board of Directors upon recommendation of the Iron and Steel Division. The following were the Howe lectures and lecturers for the years indicated: 1924 What is Steel? By Albert Sauveur. 1925 Austenite and Austenitic Steels. By John A. Mathews. 1926 Twenty-five Years of Metallography. By William Campbell. 1927 Alloy Steels. By Bradley Stoughton. 1928 Significance of the Simple Steel Analysis. By Henry D. Hibbard. 1929 Studies of Hadfield's Manganese Steel with the High-power Microscope. By John Howe Hall. 1930 The Future of the American Ironand Steel Industry. By Zay Jeffries. 1931 On the Art of Metallography. By Francis F. Lucas. 1932 On the Rates of Reactions in Solid Steel. By Edgar C. Bain. 1933 Steelmaking, Processes. By . George B. Waterhouse.

Jan 1, 1946

By Evan Adams

The Ireland Mine is located some seven miles South of Moundsville West Virginia, along the bank of the Ohio River. We are mining the Pittsburgh #8 seam. This seam is approximately 60" in thickness, and is immediately overlain by some 10 feet of a conglommerate material. The roof is difficult to control, due to the fact that it frequently is composed of substances not hard enough to be held together with 6-foot roof bolts. In many cases, we must use 10-foot roof bolts, in order to get bolt anchorage in the limestone above the conglommerate. Due to the elasticity of the limestone and its tendency to bend rather than to break, we have been unable to maintain a pillar line. Thus, we have found it necessary to mine by the room and pillar system. Belt haulage is used on room entries to automatic loading stations, thence into 15-ton mine cars, controlled at the loading point by car spotters. The maximum belt length is 2,000 feet. Rail haulage to the slope-bottom dump is by 27- and 50-ton locomotives. The mine produces coal two shifts per day, with 7 production crews on each shift. Mine and machinery maintenance is performed on the Midnight shift. We handle an average of 660 tons per machine shift.

Jan 1, 1964

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Jan 1, 1942

By Brown K, Francis D

The Yallourn Open Cut Mine has recently commenced mining operations in the new East Field which will supply the 1450MW Yallourn W Power Station for the rest of its 30 year design life. The authors describe the design and implementation process followed during the rehabilitation of the areas disturbed by works associated with mining in the East Field. One area of the East Field, the old external overburden dump, has been of particular interest and is discussed in detail. A discussion on the fire protection considerations is included as these are critical and often misunderstood as being contrary to good rehabilitation design practice. Finally, the development of a master plan for the rehabilitation of the Yallourn Open Cut in general, incorporating the East Field work, is discussed.

Jan 1, 1992

By A. C. Noble, D. E. Ranta

Orebodies with intricate three- dimensional shapes (such as porphyry molybdenum deposits) are difficult to model using geostatistics or other computer- assisted methods. 'The strong trends in their spatial grade distributions occur as mathematically complex shapes and prevent the customary assumption of local stationarity that is required for accurate ore reserve estimation. "Zoned Kriging", a new method developed by AMAX, solves this problem directly by using the geologist's interpretation of the ore zones as a parameter in the kriging equations. The geological basis and methods used in the Climax ore zoning technique are reviewed and discussed relative to their application in zoned geostatistical modeling. The Zoned Kriging technique is described and demonstrated using data typical of mineral de- posits.

Jan 1, 1984

By Jeffrey D. Swanson, Martin L. Smith

Smelterville Flats in Idaho's Silver Valley has been designated as a Superfund site due to metals contamination resulting from the use of the South Fork of the Coeur d'Alene river as a tailings impoundment earlier in this century. Tailings average in excess of 4% lead and zinc. Selective mining of highly contaminated zones is being studied as one of several possible remediation strategies. The first step towards remediation is the examination of the stratigraphic, geochemical and spatial characteristics of the site. These characteristics are related to appropriate sampling protocols and exploratory sample grid design. Special problems involved in the geostatistical analysis of tailings are emphasized.

Jan 1, 1992

By Theo B. Comstock

TO the large majority of visitors the unique features of the National Park are interesting chiefly on account of their novelty. Scientists of all schools may find here food for reflection, and much that is rare and marvelous; but the real, practical uses of the reservation, aside from its pleasure-giving adaptations, are not as yet fully appreciated. Since 1873, the writer has on frequent occasions expressed freely his own views upon the proper means of utilizing the Park for the best interests of science.* Some of the recommendations made have been adopted by the authorities. At the suggestion of friends I present here a brief statement of facts concerning matters which may be of advantage for visiting engineers to know, hoping that the very limited stay of the Institute may thereby be rendered a little more profitable, and that our common profession may possibly receive some benefit. First, then, it should be understood that, as in many other cases in. the West, the present routes to the Park from the south are not the most direct. The expedition of Captain (now Major) Jones in 1873 discovered a practicable route for a, wagon or railroad via the head of Wind River, through To-gwo-tee Pass and Two-Ocean Pass, by which the distance from Point of Rocks, Wyoming, on the Union Pacific R.R., to the Yellowstone Lake, is only 290 miles. Eventually, it is probable that a railway line from Cheyenne or some other point in Wyoming will be constructed, which, taking advantage of

Jan 1, 1888

By D. A. Kraai, S. Floreen

The effect of 1 to 50 ppm S on the ductility of nickel at 800° to 1400°F was studied. Results at each temperature showed a decrease in the reduction of area from approximately 95 to 5 pet over the sulfur range studied. Ductility varied with grain size, but only to a minor extent relative to the sulfiw effect. The effects of sulfur were completely offset by the addition of small amounts of magnesium. The results indicate that the "hot-short" loss in ductility is not an inherent property of nickel. Some possible mechanisms which cause the loss in ductility are described. MANY metals or alloys that normally possess high ductility exhibit a ductility loss at intermediate temperatures. This loss in ductility is often called "hot-shortness". Numerous examples of this phenomenon have been reported in the literature. Much of this work has been reviewed by McLean1 and by Rhines and Wray.2 To date there is no fully satisfactory explanation of the cause of this intermediate-temperature hot-shortness. It is generally recognized that impurities, and particularly impurities that form low-melting phases, can cause embrittlement. Examples of hot-shortness have been reported, however, where there were no obvious impurities present which would lower the ductility. Thus there has been some basis for believing that hot-shortness is an inherent property, and that even the purest metal would display a hot-short loss in ductility. This latter hypothesis was recently put forward by Rhines and wray2 based on studies of nickel and nickel alloys. In the discussion of this paper, however, Guard noted that high-purity nickel showed no hot-shortness.3 Thus there is reason to doubt whether pure nickel, or by inference any other pure metal, will inherently exhibit hot-shortness. The present work was initiated to determine the extent to which hot ductility was sensitive to very small amounts of an impurity element. If it could be demonstrated that hot-shortness could be induced by only minor amounts of an impurity, then it might be argued that hot-shortness in general is an impurity effect, and not a fundamental property of pure metals. The particular impurity studied was sulfur in nickel. The deleterious effects of sulfur are well- known. It is also well-known, and will be shown below, that additions of magnesium will render sulfur innocuous. When no such refining agents are added, however, the Ni-S system is a very useful one for studying the influence of small amounts of impurities. EXPERIMENTAL PROCEDURE Two heats containing -24 ppm S were vacuum-melted and small amounts of magnesium were then added under an argon atmosphere. These alloys were used to show the effectiveness of the normal magnesium treatment in overcoming the influence of sulfur. A second series of alloys with a sulfur range of 1 to 50 ppm was then prepared by vacuum melting nickel in alumina crucibles. No elements, such as magnesium, which tend to combine with sulfur were added. The higher sulfur contents were attained by adding nickel sulfide. Lower sulfur contents were prepared using a method in which the melt was oxidized under vacuum to produce the reaction S + 2O = SO2 These heats were subsequently deoxidized with carbon. Ten- to twenty-pound ingots were cast of all of the alloys studied. The compositions are given in Table I. The ingots were forged and hot-rolled to 3/4-in. bar. They were then annealed at either 2000" or 1600°F to produce different grain sizes. One-quarter-in.-diam tensile specimens were machined from the bars. These were tested at 800°, 1000o, 1200°, and 1400°F. The specimens were held at temperature approximately 45 min before testing. The strain rates were 0.005 min-1 to yielding, and 0.05 min-' after yielding. No extensometers or gage marks were placed on the specimens because the higher sulfur heats tended to fracture at the knife-edge indentations or gage marks. The properties measured were ultimate tensile strength and reduction of area. The analytical technique for determining sulfur at low levels was that developed by Burke and Davis.4 They reported a standard deviation of 1 ppm at an average sulfur level of 4 ppm in NBS standards. A standard deviation of 3 ppm is probably more realistic for the alloys used in this investigation considering the possibility of some segregation in the ingots. RESULTS A summary of the tensile results is given in Table I. As shown in the table, both heats to which

Jan 1, 1964

By C. Allen Born

INTRODUCTION As the title of this paper suggests, the author does not believe that risk can be managed. Rather, the objective is to identify the risk which will be present in a given venture and assess the level of that risk which is acceptable. More often than not, the risk which is present is subject to little or no modification. After identifying and measuring the risk a corporation will decide to accept it and proceed in such a way that it will be less exposed, or it will decide not to proceed at all. The exercise for a corporation is different only in degree from everyday judgements made by average people in average situations. However, that word "degree" means that it is considerably more complex on the corporate level. There is good reason for the additional complexity of corporate risk evaluation. The variables influencing a company's decision can be more numerous and the penalties for miscalculation much greater than those normally encountered by an individual. It should be understood that no analysis of risk, certainly not one as brief as the following, can do more than touch on some of the high points. Before examining the sorts of risk which affect the development and operation of specific mines, let us consider the broader aspect of the term with which mining companies, and all other business corporations, must deal. Companies must determine their long-term objectives and strategies within the context of a constantly changing world. To plot their direction they must attempt to read the future by seeking answers to questions such as: How will society evolve? Which businesses will thrive? In which of these should we place our emphasis? If a company hopes to be around five or ten years from now it must make the attempt to answer such questions in order to judge the impact of changing patterns in the evolving business environment. Information is available to allow the lessons of the past to be projected on the future. We have data on birth rates, economic booms and busts, patterns of conflict within and between nations, drought and other forces of nature as well as individual events which cannot be predicted, but which over time, do seem to occur in regular cycles. Ultimately the question "where will we be and what will we be doing a decade from now?" must be answered by one or more senior people with responsibility for the company's future. The compilation and interpretation of hard data by competent support staff, can only be used up to a certain point in determining future corporate strategy since there will be alternative possible futures and a high degree of risk will always remain. At this point those elusive qualities of experience, instinct, and - "gut feeling" - become important factors in choosing a long-term corporate direction. The goals of a company have a significant bearing on its attitude towards risk. This in turn dictates the "hurdle rate of return on investment" which a project decision-maker will require. The hurdle rate is the minimum-discount-percentage-rate applied to forecast cash flows to give a present value of zero to the All-Equity-Funded Investor. The feasibility study for a project is a fundamental tool in the management of risk. An experienced team has an established and well-understood set of ground rules for the preparation and assembly of a feasibility study. The necessary degree of conservation is built in at all levels of study data and, if the project is technically feasible, the hurdle rate becomes a catch-all measure of risk in a base-case project cash flow.

Jan 1, 1985