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By S. Angioletti

This paper addresses strategic investment decisions when they are nested in a project development format where each project is implemented in phases and each phase is approved to move on to the next phase only if certain technical and economic requirements are met. This configuration is sometimes referred to as a ?Project Portfolio?. Mining companies maintain project portfolios in their exploration investment plan. This study proposes a procedure to best manage an exploration project portfolio including technical and economic uncertainties. The procedure may support decision makers in a simple and intuitive way, while maintaining the rigor and precision required by the rather large amount of financial resources typically called for by mining projects. The procedure was tested in a real case study of a gold mining company and its exploration projects portfolio. The procedure uses the following approaches: i) investment valuation methods under technical and market uncertainties based on Option Pricing Model, Real Option Theory and Option Space; ii) portfolio management and Stage Gate®1 method; iii) Monte Carlo simulation.

Jan 1, 2010

Tourism is the second largest industry in the Tasmanian copper mining center of Queenstown, Australia, but it is not the historic mine the tourists come to see. The attraction is rather the devastation the mine has brought to the surrounding countryside which has made Queenstown literally the most colorful mining town in Australian history.

Jan 6, 1972

Jan 1, 1887

By B. M. Larsen, T. E. Brower

For some years we have been carrying on a rather comprehensive investigation of the occurrence of oxygen in liquid open-hearth steel. This investigation was interrupted by the war emergency and is therefore incomplete, with many questions still answered only partially, if at all; yet it seemed worth while to present a report of progress on this difficult field of research, if for no other reason than to promote discussion and further investigation of this important problem. The significance of such studies depends in large measure upon the accuracy of measurements of oxygen content in liquid steel while it is still in the furnace or as it flows into the ladle, or thence into the mold and there is, as we shall show, good reason for believing that the main source of uncertainty is in the sampling, not in the analytical method as such. The difficulty arises from the fact that any method of sampling is of itself apt to alter the amount of oxygen in solution in the liquid steel, because this oxygen is in a readily reactive condition. On the one hand, being usually present at a concentration appreciably in excess of that corresponding to equilibrium with the carbon then present, it may decrease rapidly in percentage by reaction with carbon and evolution of CO, especially if the liquid metal is in any way shaken or brought in contact with a cooler solid surface. On the other hand, it may increase rapidly by ab- sorption of oxygen from a slag, a furnace atmosphere, or from air. These circumstances, which are inherent in the problem, as well as our conclusion that, despite the considerable amount of careful work already done, there is still no method of sampling liquid steel acceptable as an unquestioned standard, ed us to undertake systematic comparisons of oxygen content of large numbers of samples taken: (I) by a single method at different positions and levels in the bath; (2) at the same place by different sampling methods; and (3) from bath, tapping stream and pouring stream. The different sampling methods yield somewhat different values and there is as yet no way to tell with certainty which is the most accurate. But the general reproducibility and consistency of the results give us some confidence in certain inferences we draw from them: namely, that the "spoon" method of sampling, properly carried out, gives somewhat more consistent results than the "bomb" method, as it has usually been practiced; that, in the bomb method, an aluminum cap is preferable to a steel cap; that the oxygen content of liquid steel in a finished heat is substantially the same all over the bath at the same level, and tends to decrease at lower levels further from the slag interface; also that it tends to decrease, and to decrease erratically, from furnace bath to tapping stream entering the ladle. Accordingly it seemed desirable to report these observations in detail as a first step, so that the reader may judge their significance as a contribution towards solution of the main problem, which is to find a means of pre-2

Jan 1, 1945

Founded in 1994 through a joint effort between Underwriters Laboratories Inc. (UL), the U.S. Consumer Product Safety Commission (CPSC) and the National Electrical Manufacturers Association (NEMA), the Electrical Safety Foundation International (ESFI) is North America?s only non-profit organization dedicated exclusively to promoting electrical safety in the home, school and workplace. ESFI is a 501(c)(3) organization funded by electrical manufacturers and distributors, independent testing laboratories, utilities, safety and consumer groups, and trade and labor associations. ESFI sponsors National Electrical Safety Month each May, and engages in public education campaigns and proactive media relations to help reduce property damage, personal injury and death due to electrical accidents. The Foundation does not engage in code or standard writing or lobbying and does not solicit individuals.

Jan 1, 2004

By Michel Ruel, Ali Soltanzadeh

This paper describes how to make advanced control choices when difficult processes need improvement. The decision-making process involves choosing between a rules-based approach and a model-based approach as well as weighing benefits and drawbacks, complexity and simplicity, investment and results. This paper will present briefly each solution: basic control, advanced regulatory control, model predictive control and expert systems such as fuzzy logic controllers and neural networks. Three examples are presented: ARC (Advanced Regulatory Control) on pH in a comminution circuit, MPC (Model Predictive Control) for combustible management and FLC (Fuzzy Logic Control) on a Semi Autogenous Mill. The article then proposes a decision tree for selecting the most appropriate approach. A table will compare usage, development, commissioning, maintenance and lifecycle costs for each approach. Finally, conclusions and suggestions will summarize the methodology.

Jan 1, 2014

INTRODUCTION From its beginnings in the first decade of this century, flotation has gradually moved to a predominant role in mineral separation. There are several reasons for this, the continuing trend toward treat¬ment of lower-grade and more finely disseminated ores being the major one. Not only has this been true for sulfide ores to which the process was first applied commercially, but also for most nonsulfide ores as well. A second factor has been the broad applicability of the process with respect to particle size; it is effective from 8 to 10 mesh to below 10m. Finally, more so than for any other separation process, flotation has almost no limitations in separating minerals. Gravity, magnetic, or electrostatic processes are either applicable to particular minerals, or to a restricted number of mineral combinations. Flotation, on the other hand, can utilize the wide range of surface chemical differences among minerals, and an equally wide range of reagents. The recent availability of selective flocculation capabilities on a commercial scale as an adjunct to flotation should remove one of the limitations to the process in the very fine particle range. History Although flotation was anticipated in a 19th century patent to Haynes, its first significant industrial uses were in the early 20th century in Australia. According to Hoover,' the Pottter-Del-prat pro¬cess had a "measure of success" at Broken Hill's Block 14 mine in 1905-1906, and was definitely successful at the BHP Mine, where it produced 80,000 tpy of zinc concentrates. Both the Mineral Separa¬tion and the Elmore processes had early trials in Australia also, with both successes and failures. The first application in the United States was in 1911, when the Hyde process was used by the Butte and Superior Copper Co. on a zinc ore in Montana. By 1916 Hoover could list 46 applications to copper, lead, and zinc ores, mainly in the United States. Ten years later Taggart2 listed almost a thousand patents covering processes and reagents which with few exceptions laid the foundations for modern practice. Included were: sulfidizing of oxides; leach-precip¬itation-flotation; cyanides, sulfites, sulfides, and oxidants for selective depression of sulfides; starch, tannin, and glue as depressants; and xanthates, dithiophosphates, and oleic acid as collectors. Within an¬other 20 years, all of these were in commercial use along with amines for floating silica from phosphates, and synthetic frothers were com¬peting with pine oil and cresylic acid. Flotation machine development followed a different course. Of the 170 patents listed by Taggart in 1927,1 those incorporating film and oil flotation-about a third of the total-were no longer then

Jan 1, 1985

By Gordon L. Draeseke

"Before getting into more specific aspects of my talk today I should put in one disclaimer - one week in Mainland China and one day with Premier Kosygin does not make me an expert on Sino-Soviet affairs nor on Canadian-Chinese relations. Perhaps though there is a message in the fact that one meeting took place in relative openness in China and the other was at least partly in a bullet-proof limousine in Canada. I thought it might be interesting and appropriate to explain something of the forest industry to you who are engaged in the mining industry. Our industry, like yours, is based on a natural resource and the basic activity that we engage in is the extraction and conversion of that resource into saleable materials. However, the fundamental difference between our industries is that our resource is on top of the ground - easily visible and easily measurable, whereas yours is under the ground - difficult to find and, having been found, expensive to measure. A second difference is that ours is renewable while yours is extractive, and you must keep finding more to keep up reserves."

Jan 1, 1971

By W. M. Hart, Q. H. Shen, J. S. Chen, S. S. Peng

The automatic data-acquisition systems that are now available can continuously monitor and record changes in leg pressure and changes in advancing ram stroke in every shield. These systems can record shearer position at any moment during a mining operation. The data obtained can be used to improve production and maintenance management and can be used to provide better roof control at the longwall face. Research now being conducted jointly by West Virginia University and Cyprus Amax Coal Co. is aimed at developing a longwall-management system (LMS) for mine operators. The LMS software package, which works in the Microsoft Windows NT environment, performs data interpretation and analysis, production management, maintenance management and ground-control management for longwall mining.

Jan 1, 1997

Jan 1, 1922

By Colin MacDonald

The choices of an uranium mill flowsheet are pri- marily determined by economic feasibility with plant location and regulatory bodies playing a lesser but still important role in this determination. The host ore bodies will determine the leach pro- cess to be used for basic uranium extraction. Im- mediately following this decision, the method of leaching has to be determined. These can be: - Atmospheric leaching - Pressure leaching - In-situ leaching - Heap leaching The three previously stated criteria lay important parts in this decision. In the case of atmospheric or pressure leach and once the soluabilized uranium has been liberated from the host gang material, liquid solids separation becomes the major criteria. Three process flowsheets are available; they being: -Countercurrent decantation - Countercurrent or co-current filtration - Resin in pulp Following liquid solids separation, concentration and precipitation become the next variable choice. They being: -Solvent extraction - Fixed bed ion exchange - Fluid bed ion exchange Lastly, washing and drying of the precipitated product to remove impurities can be carried out by either filtration or centrifugation. With the exclusion of milling circuits, grinding circuits, flotation circuits, and calcining processes, we have 240 variations of the flowsheet between leaching and a dry washed precipitate. Of this total, filtration in one form or another and in single or multiple applied forms has application in 144 streams. This paper intends to discuss four (4) facets of the total flowsheet in which filtration is applied, following grinding and prior to calcining. They are: - Leached pulp liquid solid separation - Tailings dewatering - Pregnant solution clarification - Yellow cake washing and dewatering

Jan 1, 1980

By G. G. O. O. Uwadiale, M. A. U. Nwoke

The flotation of Azara barite tailings was investigated using crude rubber nut oil (RNOc), refined rubber nut oil (RNOR) and oleic acid as fatty acid collectors. Chemical characterization of the rubber nut oils indicated high acidity, high saponification values and high iodine indexes, which are indicative of a high fatty acid compositions. The Azara barite tailings analyzed 64.6% BaSO4 by atomic absorption spectrophotometry. Gravity and magnetic separation techniques yielded a BaSO4 concentrate with a grade of 74.8% and a recovery of 92.5%. Barium sulfate grades of 90.0%, 92.8% and 94.8% with recoveries of 80.3%, 85.4% and 86.7% were achieved with collector dosages of 750g/t crude rubber nut oils, refined rubber nut oils and oleic acid, respectively. Hence, rubber nut oils are effective fatty acid collectors for the flotation of barite tailings.

Jan 1, 1998

By Anthony Anable

THE definite trend to stricter specifications with respect to hydraulic concrete has become increasingly manifest in the last six years or so; but it remained for the vast reclamation projects of the Bureau of Recla-mation of the Department of the Interior of the last few years to focus attention on this trend, and to demonstrate how thousands of tons of concrete-making aggregates can be produced continuously and auto-matically with a control of fineness comparable with that obtained with small samples in well equipped private and governmental laboratories. Pioneer work in this direction was done, to be sure, by private com-panies, notably the Kaiser Paving Co. of San Francisco, prior to the present vast public works program. Then in 1931 came the first great aggregates-preparation plant of the Six Companies, Inc. to supply. construction materials for Boulder Dam' in Nevada, and now, in 1936, the aggregates plant of the Mason-Walsh-Atkinson-Kier Co., general con¬tractors on the Grand Coulee dam in Washington. At Boulder dam and to an even greater degree at Grand Coulee dam, sand production is recognized as probably the most important single element affecting the physical characteristics of the concrete. For in the construction of dams accurate grading of the fine aggregate has consider-able bearing on the attainment of a uniform and homogeneous concrete of a high degree of workability and placeability and, at the same time, combining high density and low cement content. Low cement content is of value not only from the standpoint of economy but also because the use of an unnecessarily rich concrete causes certain undesirable characteristics to develop. This paper will relate how at Grand Coulee dam methods that are more advanced than ever before are producing four sizes of gravel and a sand having a fineness modulus of 2.5-3.0. The design capacity is 1000 tons an hour. Significantly, the methods and equipment employed are broadly those that have been used for a generation in metallurgical mills for accurately sizing and grading both precious

Jan 1, 1936

By F. A. Forward

"IntroductionTHE LYNN LAKE MINE, situated in Manitoba about 150 miles north of Sherridon, has been actively developed by Sherritt Gordon Mines, Limited, during the past seven years, resulting in the establishment of a proven reserve of over 14,000,000 tons of ore containing 1.223 per cent nickel, 0.618 per cent copper, and additional cobalt values. For many years, the Sherritt Gordon Company operated a copper-zinc-gold mine at Sherridon but, as this mine was approaching exhaustion and as it was proposed to use the mining and milling equipment to treat the Lynn Lake ore, a number of unusual problems were faced in transferring plant and operations from the one mine to the other, and particularly in preparing to undertake nickel production.Preliminary investigation showed that the ore could be concentrated by flotation to produce a copper concentrate containing 28 to 30 per cent copper with less than 1 per .cent nickel, and a nickel concentrate containing 11 to 14 per cent nickel, 0.3 to 0.4 per cent cobalt, and less than 2 per cent .copper, with high recovery of the three metals in .the concentrates. It was apparent that, initially, the copper concentrate could be economically smelted and refined in the usual manner. But as the nickel concentrate contained an insignificant amount of precious metals (less than 0.02 oz. per ton) and as .it had a much higher nickel content than comparable concentrates normally produced from sulphide ores, the selection of a treatment process and the location of a plant required careful study."

Jan 1, 1953

By Joseph B. Smith

I work as the Bureau's Liaison Officer for Colorado and am one of 38 Bureau employees who are stationed, for the most part, in state capitals across the nation. These offices serve all 50 states and Puerto Rico--some being assigned more than one state. Our primary task is to seek ways to achieve a closer and more productive relationship between State agencies and the Bureau of Mines. In 1970, when the Bureau initiated this nationwide system, our activities were limited to mineral supply operations. The potential of the program was soon recognized and Liaison Officers became the personal representatives of the Director and responsible for con- ducting the business of the Bureau that is best handled at the local level. Knowledgeable in the total operations of the Bureau, Liaison Officers are a primary point of contact for the public and for you to obtain information and, again, for you to provide the government with insight into the difficulties you have in providing this nation with an adequate supply of industrial mineral materials.

Jan 1, 1975

By Cyril Stanley Smith, W. Earl Lindlief

A study of the mechanical properties of the alloys of copper and silver led to the discovery that the solubility of silver in copper was greatly different from that generally supposed, therefore some work was done to determine the solubility with greater accuracy than had previously been achieved. After the work had been completed, two papers were published' giving solubility figures which agreed closely with one another and with the work described herein. A detailed comparison of that work with the present will be given later. Preparation of Allots The copper used in making the alloys was electrolytic ingot of high purity. The silver was prepared by precipitation as chloride from nitric acid solution, followed by fusion of the washed precipitate with sodium carbonate and potassium nitrate. This method gives metal containing at least 99.99 per cent silver. The copper was first melted under charcoal in a small electric resistance furnace and the silver added as pure silver, it being unnecessary to make any intermediate alloys. After thorough stirring the metal was poured into a mold of suitable form. The alloys contained between 0.008 and 0.015 per cent of oxygen. Small amounts of oxide were visible under the microscope, but it is not believed this would have much effect on the results. Copper-silver alloys are notorious for segregation, consequently a few experiments were carried out to find a form of casting with as little segregation as possible. A mold 6 in. long and 1/2-in. dia. was first used, and an alloy nominally containing 5 per cent silver was cast in it, while some of the same alloy was poured directly into water to obtain the maximum rate of cooling possible. Analyses were made both on this sample and on turnings from the top and bottom of the 1/2 in. dia. cast-ing, the turnings being separated into three parts according to the position

Jan 1, 1932

By Irving Hartmann

1. Under the conditions of the tests described herein, the proper use of an incombustible stemming plug of the type discussed prevented ignitions of gas in all tests during the firing of 21 single shots of permissible explosive in cool. In two tests with multiple blasting (four and five shots each) no ignitions resulted. 2. The results of a few tests in this investigation and of numerous tests made previously indicate that fire-clay stemming of the same weight as an incombustible plug provides about the same degree of protection as the plug against gas ignitions during blasting of coal by permissible explosives. 3. The hazard of gas ignition on firing charges of non-permissible 40-percent gelatin dynamite in coal was reduced but not eliminated when the shot holes were stemmed with one or two incombustible plugs or with an equivalent weight of fire clay. 4. On the basis of this investigation, the Bureau of Mines considers the proper use of incombustible stemming plugs of the design tested, under the conditions of the tests described in this paper, to be of equivalent safety as the same weight of fire-clay stemming. This report does not constitute approval or disapproval of the incombustible stemming plugs by the Bureau of Mines. 5. The test data indicate that misfired charges in shot holes stemmed with the incombustible stemming plug cannot be disposed of with certainty by the procedure recommended by the manufacturer. In this investigation the misfired charges failed to detonate in 30 percent of the trials.

Jan 1, 1950

By Edmund C. Bovey

"AS I begin my remarks this morning, please let me say how honoured and gratified I was to receive your invitation to address you here during your deliberations in historic Quebec City. The high esteem in which your Institute is held is reflected in the respect and deference accorded to it by industry across Canada. I feel privileged to be here with you today.I would like to discuss with you some applications of natural gas in the mining industry and suggest to you, in closing, some possible avenues of future development.Natural gas first became avail-able for industrial purposes in Northern Ontario in late 1958. Acceptance of natural gas, as a source of energy by the industry of that area, has been both widespread and gratifying. The mining industry of Northern Ontario has in-creased its annual use of natural gas by approximately 35 per cent each year since 1958. We believe that this trend will continue, al-though we will probably have to accept a more modest 10 per cent annual gain as the market approaches saturation. I would like to explain how we were able to do this and where all this gas is used. Our first sales were largely a matter of price-and the savings we offered were substantial."

Jan 1, 1966

By G. K. Burgess

§ 22. THe results published in Professor Howe's paper10 of our determinations on the Ac3 and Ar3 points for a series of commercial carbon steels " containing manganese in varying proportion, represent the average temperatures found by taking several (4 or 5) heating and cooling curves. The accompanying curves, Figs. 6 and 7, are, for each steel, the first heating and cooling curves as obtained by the inverse-rate method of Osmond, using a cylindrical chronograph sensitive to 0.1 sec. for recording time. Simultaneous observations were also taken by the differential method with a platinum neutral and plotted by Rosenhain's derived differential method and gave substantially the same results, the curves having sensibly the same contours in both cases.12 The observations were taken in vacuo on cylinders 5 by 1 in. in length bored to center with a 1/8-in. hole to receive porcelain insulated thermo-couple, and inclosed in an out- and in-glazed Berlin porcelain tube heated electrically by platinum foil wound on the tube. The vacuum was usually better than 0.1 mm. The heating and cooling of the furnace was automatically controlled by a salt-water rheostat with shaped electrodes, giving a uniform rate of heating and cooling.

Jan 1, 1914