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By China University of Mining and Technology, P. Zhang, C. Zhou, C. Duan

"Recovering pyrite from the gangue with high sulfur content is of great significance for both economic development and environment protection in China. Due to the global water shortage and high cost in wet separation processes, it is urgent to explore more efficient energy and water conservation method in mineral processing field. This study has proposed an innovative method based on density difference for fine pyrite enrichment by vibration fluidized bed. In this study, the total sulfur content (TSC) of the gangue sample is 19.18%, and the pyrite is disseminated with fine granularity in the gangue which should be crushed for dissociation. The combination and dissociation experiment of -6mm gangue shows that the dominant density of -6+3mm, -3+1mm and -1+0.5mm comminuted material is +2.9g/cm3. Based on the analysis of characteristic, the effects of various factors on the separation performance were experimental studied. The results show that gas velocity, vibration intensity and bed height all have the significant effects. With the increases of superficial gas velocity, vibration intensity and bed height, the separation performance all presents a decreasing tendency. Additionally, the TSC of -6+3mm, -3+1mm and -1+0.5mm materials are respectively up to 37.94% , 35.43% and 30.61% at the optimum conditions, which are the 1.72?1.90 and 2.29 times as much as the TSC of raw material, respectively. This study demonstrates the vibrated fluidized bed can recovery pyrite from the gangue effectively.INTRODUCTIONWith the increasing mining and separation of coal, the yield of gangue has a further growth tendency, which has become one of the largest reserves of industrial waste (Querol et al., 2008). However, many harmful elements, such as S?NOx and Hg, is existed in the gangue leading the serious damage to the soil and environment (Hao, Yun, Zhanyuan, Sen, & Song, 2013). In addition, the economic would be suffered from the loss resulting in the occupied of arable land caused by the accumulation of gangue (Yeheyis, Shang, & Yanful, 2009; Zhou, Liu, Yan, Fang, & Wang, 2012). Therefore, the government has put forward the policies of ""green mining"" in China (Xing & Gao, 2009; R. Zhang, Ai, Zhou, Ju, & Zhang, 2015; Zheng, Du, Li, Qiu, & Yang, 2015). Among different research areas of coal utilization, extracting the useful minerals has become one of hot topics (Ledin & Pedersen, 1996; P. Patra & Natarajan, 2003; Partha Patra & Natarajan, 2004). At present, many researchers has devoted to the desulfurization of coal all over the world. As result, the sulfur element, which is mainly existed in the presence of pyrite, would transferred in the tailings, namely the gangue. Meanwhile, the pyrite is important raw materials to produce rubber, paper, textile and match. Consequently, recovering the pyrite from the gangue is not only suitable to the requirement of ""green mining"", but it could turn the waste into the treasure having the important significance."

Jan 1, 2016

By Xing-Liang Sun, Xian-Min Han, Zheng-Guo Zhu

The study on the material properties of frozen soils in China was being developed quickly in the past decades of years, because of the increase of the engineering constructed in frozen soil regions on the Qinghai–Tibet Plateau, and numerous research results were achieved mainly about strength and deformation behaviour and constitutive models of frozen soils. Studies have shown that the deformation procedure of frozen soils is irreversible; therefore, it is more appropriate to research mechanical properties of frozen soils by means of damage mechanics theory. In this paper, an elasto-viscoplastic anisotropic damage model is presented by introduction of Perzyna viscoplastic equation into analyzing the deformation of frozen soil. In addition, an anisotropic damage evolution equation is obtained by means of extending non-viscous damage to viscous damage. Triaxial tests at different strain rates are chosen to illustrate the application of this model, and good agreement between experimental data and numerically simulated results is obtained. The calculated results indicate that, under the same conditions, the damage at higher strain rate is less than that at low one. So the phenomena are explained from damage mechanics that the frozen soil has larger elastic modulus and shear strength at higher strain rates, and explained from mechanism that the emergence and development of micro-cracks in the body of frozen soil can be to some extent retarded at higher strain rates.

Jan 1, 2015

R. B. BrinSmade, Ixmiquilpan, Hgo., Mexico (written discussion*).—While agreeing with Mr. Gibson that his net-profit tax is the fairest and best for mines, I believe that the tax he describes can be more accurately defined by another name. In accounting, net profits are usually considered to be the residual of the gross income after operating expenses and the annual charge for upkeep of plant have been deducted. Even the necessary interest on bonds or mortgages should not be subtracted in this calculation, for this interest represents merely that fixed portion of the net profits going as a return to that fraction of the total property value owned by the bondholders. Applying this method of calculation to the gross income of a mining property, we should onIy deduct operation expenses and upkeep of plant to get the net profits on its whole property value. So Mr. Gibson in deducting a further sum, to cover the interest and amortization of the capital expended in mine development and equipment, really arrives at something quite differen't from net profits; which can properly only be defined as the annual value of the mineral in the ground, or the royalty value in miners' parlance. From one viewpoint, Mr. Gibson's first principle, which assesses taxes, "proportionate to the benefits received by the person or property taxed," is identical with his third principle wbich assesses "with reference to the extent and value of the natural resources enjoyed." With one exception, everything of use around a mine represents a cash expenditure, or its equivalent in human labor, and state action has not added an iota to its value. The one exception is what makes the enterprise possible and it includes the mineral deposits and their associated surface; water and other landed rights. These natural resources are origin2!1y the gift of tile people acting through their agent, the state, and it is evident that a tax laid on whatever profits may arise from their enjoyment will be exactly "proportionate to the benefits received by the person or property taxed." Mr. Gibson is mistaken in his belief that the general property tax of the United States has the same incidence as his system of taxing profits, because the general property tax falls not only on land1 value—as does

Jan 1, 1920

Parallel lenticular orebodies occurring at the C.S.A. mine of Cobar Mines Pty. Ltd. are mined by mechanized cut and fill stoping over the full strike length. Access is provided for each stope lift from an inclined drive adjacent to the orebody. Mobile drill jumbos mounting hydraulically-operated booms are used for drilling upholes which are subsequently charged with ANFO explosive.Close control of drilling has been found essential for good back conditions and to ensure optimum fragmentation.Broken ore is transported from the face to the main ore pass by rubber-tyred, diesel-powered, load-haul-dump units. Initially, the units trammed ore to the main pass via the incline drive. As the stopes advanced and the lead distances increased, stope passes were developed in the wall rock and raised concurrently with each stoping lift. The passes terminate in drawpoints and production loaders are used to transport ore from the drawpoints to the main ore pass system.Two parallel ore pass systems have been developed to cater for both copper and copper-zinc ores. These systems terminate above a 48 in. by 60 in. jaw crusher. The crushed ore is conveyed to a traversing rock box and thence to one of two crushed ore bins adjacent to the main hoisting shaft. A loading station conveyor is interlocked with the winder to provide automatic ore hoisting.All phases of ore handling have been mechanized as completely as possible. Results to date indicate this policy has been vindicated but highlight the need for tight operating control and close liaison between operating and maintenance personnel.

Jan 1, 1969

By M. L. Chapman

When originally accepting the assignment, the Client had described the property as vacant land. A prior appraisal was later discovered and revealed that the property included a mineral rights appraisal. Further research disclosed an old dispute with a court ruling based on testimony by AIMA-certified experts. The present appraisal was therefore based on data from findings of the court with a fresh look at discount rate, absorption period, and residual land value. Fortuitously, the property subsequently sold on the market, while meeting all criteria for Fair Market Value. This provided insight into a market-based discount rate. Also, the absorption period could be adjusted in accordance with the current market conditions. The residual land value was minimal (based on comparable sales and projecting trends in market) as the property was affected by a flood zone and the surrounding development was sparse. PROPERTY HISTORY: A GREAT INVESTMENT Briefly, the subject property is located in the floodplain region of the San Jacinto River, a short river in southeastern Texas that flows into Galveston Bay, filled with sand and gravel. This location is on the north side of Houston, north of Beltway 8 on the east side of I-59.

Jan 1, 2012

By A. Y. Smith, R. J. Allan, E. H. W. Hornbrook, R. W. Boyle, W. Dyck

"HYDROGEOCHEMICAL METHODS in the Canadian Shield can be based on analyses of the following :(1) spring waters and their precipitates;(2) stream and river waters;(3) lake and muskeg waters;( 4) ground waters from drill holes, wells, faults, etc.;(5) waters issuing from diamond drill holes, faults, shear zones, etc. into mine workings and open pits; also analyses of precipitates associated With these waters.The first four can be utilized in both reconnaissance and detailed surveys. The last is suitable only for detailed work.For hydrogeochemical methods of prospecting to be effective, the following conditions must be present. 1. Natural waters must come into contact with mineral deposits and remain in contact with them long enough for the solution of detectible amounts of ore, gangue or indicator elements. 2. Dispersion patterns must be present in the hydrologic systems in order to trace the elements back to their source. These patterns may take the form of trains (e.g., increasing amounts of elements upstream toward t he source (s), Figure 1 ) or halos (e.g., increasing amounts of elements in bodies of water toward the source (s), F igures 2 and 3)."

Jan 1, 1971

By Guojun Wang, Zejun Chen, Wenchang Liu

Al/Mg/Ti laminated metal composite sheet (LMCS) can combine the merits of each of metal components, and obtain excellent performances. It incorporates the advantages of high strength, light weight, easy melt and atomization, and good space adaptability to substitute for the bumper Al sheet of Whipple shield structure for space debris shield. The Al/Mg/Ti LMCS was fabricated by hot roll bonding technology in a certain sequence. The manufacturing process and parameters were analyzed and studied, including the first rolling reduction, roll boding temperature and stacking structure of each metal. The microstructure of dissimilar metals and bonding interface were characterized and analyzed. The optimized manufacturing procedures and parameters were presented based on the microstructure and mechanical properties of LMCS. The research results offer some guides and references for controlling the shape of bonding interface, optimizing the annealing process, improving the mechanical properties of Al/Mg/Ti LMCS.

Jan 1, 2015

By Robert A. Kinzie

PAGE Introduction.............334 Climate.............335 History............335 Geology.............341 Mining..............343 Shafts............343 Stations and Ore-Bins....345 Levels. Drifts. Cross-Cuts, Winzes. etc........347 Stoping Surface-Pits,......... 351 Underground Stoping........... 332 Chutes. Drilling. etc.....354 Tramming............. 358 Sampling. Maps and Assaying.........360 Labor.............361 Machinery.............362 Milling,..............362 Crushers.............366 Battery-Foundations...........368 Power (Water—Coal)...........373 Methods of Catching the Free Gold...374 Screens..............376 Apron-Plates,.......376 Concentration..........378 Clean-Up,.............378 Labor..............382 Costs..............382 Introduction. The Treadwell Group comprises five mines. four of which are situated on the northeast side of Douglas island. directly opposite the town of Juneau, and one about four miles back of Juneau. These mines are owned by four separate companies. but are all under the same general management. Those situated on Douglas island are : The Treadwell mine. owned by the Alaska Treadwell Gold Mining Co.. the Mexican mine. owned by the Alaska Mexican Gold Mining Co.; and the Ready Bullion and Seven-Hundred-Foot mines. owned by the Alaska United Gold Mining Co. The Juneau mine. owned by the

Jan 1, 1904

By T Akiyama, J A. de Castro, H Nogami

Blast furnace is a countercurrent moving bed reactor that produces pig iron from iron bearing materials like pellet, sinter or lump ore. The furnace has cylindrical shape and the lump solid materials are alternatively charged onto the top of the furnace. Hot air is introduced through tuyeres that are set on the lower furnace wall. Auxiliary fuels (pulverised coal, oil or natural gas) and raw materials (fine ore or fluxes) are injected into the furnace with blast air from the tuyeres. In front of the tuyeres, coke particles react with oxygen in the blast air and generate carbon monoxide. The hot reacting gas heats up the lump solids and reduces iron oxides in the upper furnace. In the middle height of the furnace, the reduced iron and slag are fused by the combustion heat and form the cohesive zone. The molten iron and slag that are generated in this region trickle down through the packed bed of coke particles and flow into the bottom of the furnace. Therefore, the flows of gas, lump solids and liquids exist at the same time in the lower part of the blast furnace.

Jan 1, 2000

By T Baumgartl, D Mulligan, R Haymont

Mining at the Mt Leyshon Gold Mine in semi-arid north Queensland stopped in 2002. Newmont Australia has recently initiated a thorough post-closure water management study of the site by revisiting the existing information and conducting new water-related investigations. The focus of this paper, which is the first publication on post-closure environmental management of the site, is an overview of the site water quality in view of the sources and spatial distribution of polluted mine water, and also the performance of cover systems in controlling water flux though mine wastes. Since the mine closed the rehabilitation of waste rock dumps and tailings dams have significantly improved water quality in the surface receiving waters. However, the Scats Stockpile, the Heap Leach and Old Plant areas, which can potentially produce acidic waters, enriched with heavy metals and arsenic, are the top management priority. Modelling of the potential transport of contaminants in groundwater needs further investigations. A detailed examination of the waters in seepage sumps showed high concentrations of manganese, cobalt, nickel and selenium, which were previously overlooked. The study also showed distinctive chemical signatures for waters at different locations: the waters draining from scats, supergene materials and waste rocks have distinctly lower pH and higher concentrations of dissolved iron, sulfate, heavy metals, Mg, Mn, U, Se and As. While, the tailings sumps are more alkaline, and are enriched in Na and Cl. The southern tailing sump is characteristically As rich. The waters draining from the supergene materials have higher Cu concentrations. Assessment of the cover monitoring systems showed that although covers pass the design criteria, automated recording of data may ignore any failure of the monitoring system. Recalibration of the moisture sensors not only showed realistic moisture values compared to rainfall data but also showed that the permanently installed system records values that are higher than those of the mobile system. Event-driven recording of data overlooks infiltration events. Besides, with a higher time resolution (daily measurements) the breakthroughs could be clearly detected. Modelling of the water balance in covers is underway and an example is given here. Newmont is currently reviewing water management options and is willing to share the lessons learned.

Jan 1, 2006

By Golding S. D, Price P. L

The Early Permian Aldebaran Sandstone is the main hydrocarbon reservoir in the Denison Trough. Contained hydrocarbon gas has a wet gas index (C1/CI - C4) of between 0.87 and 0.97 (N=10), and constituent methane has 813CPDB values ranging from -51.5 to -36.2% (N=10). These values clearly indicate that the gas is thermogenic rather than biogenic. Considering the predominantly humic nature and maturity of all organic source material for the gas, the methane 813C values are anomalously low, with typical values for humic methane present in natural gas formed at similar maturity levels significantly higher at -26 ¦ 5%o. This suggests that, in addition to disseminated organic matter in underlying marine mudrocks of the Cattle Creek Formation, methane substantially more depleted in 13C was derived from coal seams of the Reids Dome beds, a thick coal measure sequence which underlies the Cattle Creek Formation and, in the south, the Aldebaran Sandstone. This methane is likely to have S13C values of between -75 and -40 oo, based on the known isotopic composition of dry gas trapped in humic coals of similar rank in the Sydney Basin and elsewhere in the Bowen Basin. In addition to the low methane S13C values, the contribution of coal seam methane would explain the fact that, (1) methane S13C values do not show the normal increase with decreasing gas wetness, and (2)013C%o (ethane-methane) values do not show the expected decrease with decreasing gas wetness. The presence of co-existing, isotopically heavy CO2 (S13C = +2.0 to +3.4%0, N=3) in the Glentulloch and Merivale Fields is consistent with the view that natural gas in the Aldebaran Sandstone is in part coal seam derived.

Jan 1, 1991

By Frank A. Peters

With the current renewed interest in advancing the technology for producing alumina from domestic raw materials, revisions of previous cost estimates to provide planning data are urgently needed. Completely new cost estimates on a 1973 basis are included for four alumina-from-clay processes and one alumina-from-anorthosite process. These estimates are based on new or previously calculated material balances, recalculated heat requirements, and new equipment designs. The use of larger and more modern equipment has permitted a significant reduction in labor requirements as well as equipment costs. Chemical prices, labor rates, and utility rates typical of late 1973 are used in these cost estimates. In addition to the revised cost estimates, all 21 previously published alumina evaluations compiled by the Bureau of Mines were updated to show the effect of inflation using an inflation index and late 1973 chemical prices, labor rates, and utility rates.

Jan 1, 1974

By L. Xia, B. Hart, J. Nigim, Z. Chen

"Grinding ore is an important step in the flotation process. Not only does grinding reduce particle size and liberate minerals, it also creates conditions for reactions to occur on particle surfaces that can aide or inhibit flotation. There have been numerous studies examining various grinding regiments and the effect on flotation pulp chemistry, including autogenous grinding and using media of variable composition. There have been however, few studies looking at the effect of variability in grinding media size on pulp chemistry and subsequent flotation. This study attempts to link changes in pulp chemistry in response to variations in grinding media size to flotation recovery. It uses probes mounted in the grinding chamber (pH, Eh, DO, and conductivity) to monitor pulp chemistry changes during grinding of a Cu-Zn ore. Surface chemistry analysis by ToF-SIMS was performed on sphalerite from the mill discharge. Activator and depressant species were monitored on the mineral surfaces and their presence was evaluated in the context of variability in pulp chemistry linked to differences in grinding media and its ball size.INTRODUCTIONIt has been widely recognised that not only does grinding reduce particle size and liberate minerals but the grinding environment has a large effect on the flotation of sulphide minerals. This effect is attributed to Eh change, iron hydroxide coating on surfaces, oxygen reduction, precipitation from solution and galvanic coupling (Grano, 2009). As early as 1960, it was reported that after grinding the ores in an iron mill the natural floatability of sphalerite was reduced significantly (Rey and Formanek, 1960). Kocabag and Smith (1985) studied on the industrial circuits showing that the depression of sulphides flotation in a steel mill is possibly due to the coating of iron oxidation products. Peng, Grano, Fornasiero, and Ralston (2003a, 2003b) found that iron contamination from grinding media plays a dominant role in depressing galena and chalcopyrite flotation. Huang, Grano, and Skinner (2006) reported the same observation in the flotation of arsenopyrite."

Jan 1, 2016

By S. P. Howell, F. B. Foley

Not infrequently, in the case of the failure of a metal structure, such as a bridge, tank, airplane, gun carriage, etc., a doubt arises whether the failure was due, among other causes, to the effect of an overburden or of an explosive maliciously or accidentally exploded in contact with it. As few means of discriminating between the effects of these causes have been known and these means were of a rough qualitative character, it was surprising to find in the record of an inquiry into the failure of a structure, the statement that, by observations on the Neumann bands in the structure, it was possible to determine the speed of breakage in the metal and to distinguish between a fracture caused by an explosion and one caused by an ordinary mechanical strain. Such a criterion, if well proved, was of value to the explosives experts of the Bureau of Minea, the Ordnance Department of the United States Army and the Bureau of Ordnance of the United States Navy, but search showed no record of it in the literature nor did any of the metallurgists and metallographers consulted know of any data on which such a criterion could be based having been assembled and critically studied. However, it was universally held that there was promise in the idea and that there exkted unique facilities at the Bureau of Mines Experiment Station at Pittsburgh for the preparation, under definitely known conditions, of material for study by metallographers, and that material of value might also be obtained from the proving grounds of the Army and Navy. Therefore, with the approval of the Director of the Bureau of Minea and the Chiefs of Ordnance of the War and Navy Departments, the Chairman of the Division of Engineering of the National Research Council, on April 12, 1919, appointed a Committee on the Investigation of Neumann Bands, which has since been engaged in this study and which, after some slight change in its personnel, consists now of the following: Dr. William Campbell, Advisory Metallurgist, Bureau of Ordnance, Navy Department. P. B. Foley, Metallurgist, Bureau of Mines. S. P. Howell, Explosives Engineer, Bureau of Mines. Comdr. 0. M. Hustvedt, U. S. N., Bureau of Ordnance, Navy Department. Dr. Charles E. Munroe, Chief Explosives Chemist, Bureau of Mines.

Jan 1, 1923

By Robert F. Love

Deep under the hills of southwestern Wyoming lies a nonmetallic mineral deposit of incredible dimensions and value. This nearly pure, horizontal bed of the mineral trona, a sodium sesquicarbonate (Na2HC0,.NaHC08.H20), is found in the Green River formation some 1500 ft below surface. It is believed that evaporation of an ancient saline lake left this sodium carbonate as the evaporite and mysteriously left practically no sodium chloride, which is the common constituent of an evaporated saline lake. The trona bed averages 10 ft in thickness and extends over an area of several hundred square miles. In 1938 a geologist with the U. S. Geological Survey identified the trona in the core from a former oil exploration drillhole. By so doing, he initiated the developments of a chemical industry of impressive growth in the area, an industry on the threshold of further and much more spectacular growth. A drilling program by the Union Pacific Rd. and Intermountain Chemical Co. in the early 1940's succeeded in blocking out mineable reserves of several hundred million tons. Development of the deposit started in 1946 with the sinking of a 12-ft diam, concrete-lined shaft 1500 ft deep-followed by construction of a small pilot calcining plant. Actual mining of the trona started in 1947 and continued on a limited scale until 1953, when the $15 million surface facilities were completed, along with the second shaft and other expanded underground facilities. Since April 1953 the mine has been producing more than half a million tons per year, from which the refining plant has produced more than 300,000 tons per year of high quality soda ash.

Dec 1, 1956

By C. A. Mitke

The United Verde Extension mine is located in the Jerome mining district, on the eastern slope of the Black Hills, approximately northeast of the town of Jerome, Yavapai County, Arizona. The ore deposit may be termed a replacement in Yavapai schist. This schist is one of the oldest formations in the district, being probably of volcanic origin, and has been folded and faulted and contains intrusions of diorite and quartz porphyry. It is believed that the mineralization followed the porphyry intrusions and replaced the country rock; this was followed by erosion and a period of secondary enrichment, all completed in pre-Cambrian time. Later sediments of sandstones and limestones, to the depth of approximately 600 ft. (182 m.), were laid down, followed by volcanic flows. Faulting and erosion again took place, resulting in the present complicated arrangement of the strata. Prospecting, therefore, is very difficult, because the sediments practically cover the mineralized areas. This necessitates the sinking of deep shafts, cross-cutting, and, in some instances, diamond drilling to learn something of the various relations of the different formations and the occurrences of intrusions associated with ore deposition. The locating of new orebodies, therefore, is beset with innumerable difficulties. EARLY MINING METHODS The two orebodies constituting the principal resources of the company are known as the small orebody and the Bonanza, or large orebody. These are about 150 ft. (45 m.) apart, and while they appear to be distinct orebodies may later prove to be connected. The character of the ore, the general associations of the porphyries adjoining the orebodies, and other characteristics, both in the ore and general environment, are very similar. The small orebody was the fist to be discovered and was mined for some time before the Bonanza was found. At first, a large amount of ore was extracted by means of development work, but as the smelters treating this class of ore were located from 60 to 400 mi. (96 to 643 km.) away, only the highest grade yielded a fair profit and it became necessary to do selective mining. The main workings

Jan 1, 1920

Though the mining industry is beset with problems-a broad slump in metal prices, a rash of acquisitions and takeover attempts, rising capital costs, and an aggressive Canadian energy program-there was an under-current of optimism at the 1981 AMC conference that's been missing at industry meetings in recent years. The industry anticipates a turnaround in the 1980s, buoyed perhaps by the new spirit of cooperation from the Reagan administration. For the first time in years, it appears that Washington and the mining industry share mutual goals for developing the nation's resources. A number of prominent Reagan officials were on hand during the three-day conference in Denver, September 28-30, to reassure conferees that restrictions plaguing energy and minerals development would be eased. Interior Secretary James Watt and other government speakers promised cooperation in bringing balance to federal public lands policies, a review of regulations that have hampered the industry, and prompt action on domestic minerals policy. Daniel N. Miller, Jr., assistant interior secretary for energy and minerals, said, "It is our intent to dismantle the overhearing bureaucracy that has stifled mineral and energy exploration. We know that Interior's rules have shackled the mining industry in recent years, and we know that those rules must be eased." Miller noted that the administration will not permit mining on national park lands or wildlife refuges, but added that "we must assess a variety of uses of public lands ... we will restore lands to multiple use where practical." EPA administrator Anne Gorsuch assured industry representatives that the administration intends to work within environmental laws and with Congress to review and revise water, soil, and air pollution policies. "We have a strong commitment to see that there are major mid-course corrections" of air regulations, Gorsuch said. Support from these "new friends in Washington" will be crucial in light of the serious problems pressuring the industry. Copper prices have plunged to almost three-year lows and prices for molybdenum, gold, and silver have slumped. Earnings are down and today's high interest rates prevent a quick turnaround. Companies are on edge after the recent takeovers of Kennecott, St. Joe Minerals, and Texasgulf Though the companies may benefit from the major injection of capital that large energy firms can provide, many observers fear the new parent companies won't be willing or able to survive the cyclical metal markets. Arco and Gulf Resources, for example, have been criticized for closing Anaconda's Montana copper facility and the Bunker Hill unit in Idaho, respectively. Canada's national energy program has brought additional pressure on the industry. This policy, which emphasizes Canadian majority ownership of the country's energy sources, resulted in acquisition of Texasgulf's Kidd Creek lead-zinc-silver complex by Canadian and French interests. In response, the American Mining Congress adopted two resolutions on takeovers. One calls for the US government to review laws regulating tender offers and takeovers "to better ensure that principles of fairness and sound investment policy govern such transactions.'' The other asks the government to demand "fairness and reciprocity" as a basis for US policy governing international trade in minerals and investment relations with other countries. AMC's shopping list included four other priority goals, aimed primarily at the Interior Department: • Prompt implementation of Interior's efforts to bring order and balance to rules governing access to public lands for exploration and development. • Statement by the President of a comprehensive and coherent domestic minerals policy. • Amendment of the Clean Air Act to remove impediments to productivity and barriers to economic development that are not necessary to essential goals of the act. • Development of new approaches to better achieve worker health and safety in the most cost-effective manner without penalizing productivity. Almost 6000 mining industry executives attended the 1981 convention-the largest in AMC's 84-year history. As in years past, the conference offered a wide spectrum of presentations-nearly 100 papers in 26 sessions-ranging from commodity forecasts to the latest technical achievements. New Administration Stockpile Goals The minerals availability session included a presentation on management of the minerals stockpile by Paul K. Kruege r of the Federal Emergency Management Agency. Krueger notes that rather than providing incentives for development of a domestic raw materials industry, the government has "a history of providing disincentives to industry." In mining industries, he adds, the rate of productivity growth has been -6% over the last six or seven years. Krueger feels there will be a major change under the Reagan administration. In March 1981, FEMA began the first purchase program for the national defense stockpile in over 20 years. The stockpile is sadly out of balance, Krueger adds. Stockpile materials are

Jan 12, 1981

By Lonie W. M

The rapid development of the Australian steel industry over the past twenty years has greatly increased the demand for coking coal from the collieries owned by the Broken Hill Proprietary Co. Ltd. and Australian Iron & Steel Ltd. This in turn has called for an intensive and continuous programme of colliery expansion and new colliery development, along with the reorganization and modernization of existing collieries.This paper presents a general description of the factors involved and the techniques used in planning modern colliery development for the steel industry.PRELIMINARY GEOLOGICAL INVESTIGATIONSIn any colliery development, preliminary geological investigations require a detailed and practical knowledge of the geology and characteristics of the coal-field as a whole. In the early stages of the investigations, probably the most valuable information is obtained from outside the particular area under review, rather than within it, and unless the geology of the coal-field is understood, the projection of the known information into the unknown area cannot be carried out with certainty.Because development of the coal seams from the outcrops has been an apparently simple matter and not subject to the risks involved in deep mine development, the geology of the New South Wales. coal-fields has not received the attention that major mineral resources warrant.Only the most accessible regions of the coal measures have been generally prospected, while the potential areas remain...

Jan 1, 1957

By S. S. Mauney

Natural and synthetic colors are used in almost every facet of daily life as a means of communication and expression. Natural ochres, umbers, hematites and magnetites were once used in their crude or semiprocessed state for their pigment value in construction products and low-end coatings applications. In recent years, though, they have yielded to synthetically produced iron oxides for more sophisticated products. Today, through innovative mining processing and marketing techniques, natural iron oxide pigments are once again gaining strong inroads into products and markets requiring precise chemical and physical characteristics. With the focus on environmental consciousness and resource conservation, value added natural iron oxides provide an economical and responsible alternative to color needs.

Jan 1, 1995

By E. Kendall Cork

The traditional financial objective for a single mine company has been to operate as frugally as possible and to pay out most of the earnings as dividends. If the business is cyclical (as it is for most metals) the dividends might fluctuate quite widely. When the mine is exhausted the company disappears. This is still quite a viable strategy for a single mine company. It is not however a viable strategy for the world as a whole. The mining industry is built by mine development companies who can mobilize the people and capital to bring new mines into production. Their skills must include marketing, engineering, finance and other politics. It is very rare for a property to be brought in without the support of a major company that can provide all these services. The exceptions will usually have some other form of big brother support, for example the U.S. government uranium contracts at guaranteed generous prices. The mine development company will seek as a minimum to perpetuate itself by developing new mines in order to replace those which are running out. The more common and more ambitious objective is to grow -- that is to add to its ore reserves and current production by developing more new mines. The financial objectives for that company are very different. Obviously if all the earnings were paid out in dividends there would be nothing left to work with. The first financial policy then is to spend an appropriate amount on exploration for new properties. The next is to retain enough of the earnings to provide the capital for new projects at least sufficient for the equity. There is no magic formula as to what proportion of earnings should properly be distributed as dividends by a growth-oriented mine development company. As a rough rule of thumb distributing half or more will probably leave too little to work on and 30% or so is probably a good balance. However the circumstances differ widely from company to company. It may be useful to set an objective for the rate of growth of a company's earnings. Some have picked rates such as 15% per annum compounded. Others have set a target in real terms which might appear as 10 or 11% plus inflation. Obviously the arithmetic of compound interest is very attractive; however in practice there is much variation. Indeed current returns from existing operations swing widely with the business cycle and there is no assurance that economic new properties will be found according to someone's arbitrary time schedule. For example, Western Mining Corporation Limited in Australia explored for 30 years with little to show for it, but then found the great Australian nickel deposits and more recently the huge Roxby Downs copper. That long dry spell could not have fitted anyone's arbitrary calendar of growth and yet they would not have found such orebodies without that long period of effort. Should they have abandoned the search? Once a new property has been found or acquired there has to be a threshold rate of return on the new capital to be invested against which to evaluate the property's economics. Conventionally this seems to be 15% after tax, a number common in other heavy industries as well. In some cases it is expressed as a lower number plus allowance for inflation. Discounted cash flow analysis is a very useful tool but it does not make the decision. In the end a "go" decision depends on judgment of many factors some of which are numbers used in the DCF calculation whose credibility must be examined. It is curious how frequently investment proposals come in with the rates of return very close to 15%. The project advocates know that a number much less than 15% will not fly and that a number much more is not necessary. With much higher nominal and real interest rates of recent years, even though before tax, logic suggests that the hurdle rate should also rise. The power of compound interest is so great that 20% is very hard to achieve in any cash flow projection but 18% may be a sensible yard - stick. Once again it is remarkable how many project proposals come in with an 18% return. On the record the mining industry as a whole has not been overly restrictive in choosing its hurdle rates of return. This is shown by the abundance of metals in recent years and the failure of metal prices to keep up with inflation. All of the foregoing is standard text book stuff.

Jan 1, 1985