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In mineral asset valuation the use of any valuation method requires the input of competent and independent technical professionals. A resource valuation must be as transparent as possible to allow others to assess the validity of their underlying assumptions. Materiality is a dominant factor in all valuations and a valuer should set out the basis for the subjective decisions made in this regard. Any valuation methodology must comply with the requirements of the law, practice notes and guidelines issued by the various relevant authorities and professional bodies. The valuation methodology chosen to value a mineral asset depends upon the amount of data available on that asset and the reliance that can be placed upon those data. Mineral assets generally fall into one of three broad categories, depending upon their state of development, ie whether they are at the exploration, development or operating stage. Naturally there are transition phases. Hence, there are ""Grass Roots"" Exploration Areas and Advanced Exploration Prospects; Pre-Development Projects and Developing Mines; and Operating Mines. The features of each of these mineral asset status categories are described, mainly in terms of the confidence in the contained identified Resources/ Reserves. The various subjective methodologies available for the valuation of ""Grass Roots"" Exploration Areas and Advanced Exploration Prospects -are specifically reviewed. The pitfalls in adopting a ""recipe"" approach are noted. It is the author's view that the Expected Value Method (based on the probability adjustment of the output of a Discounted Cash Flow/ Net Present Value model) has little application in the valuation of exploration mineral assets, so it is only briefly addressed. The methodologies reviewed are listed below. ò Multiple of Exploration Expenditure Method (expenditure based). ò Joint Venture Terms Method (expenditure based). ò Geoscience Rating Methods (eg Kilburn - area based). ò Comparable Market Value Method (real estate based). ò Rules of Thumb (eg $/Resource or production unit; % of in situ value). Some recent Prospectuses are used to provide examples of their misinterpretation and misapplication.

Jan 1, 1994

I SHALL proceed in this chapter to tell you about lead. Because this metal is overabundant in wateriness, and also because it has its other substances in poor elemental mixture, it is highly impure. It is called an imperfect, leprous, and little-fixed metal, which it clearly shows itself to be because of the ease of liquefying it and because it is easily converted largely into a dross that is almost earthy and also because of the stain that it leaves when it rubs against anything. Nevertheless, when we consider its effects, we judge it to be a metal that we are greatly indebted to. Even though Nature in creating us has put into our souls such a thirst and desire

Jan 1, 1942

By G. G. le Roux

The purpose of the investigation was to assess various options for increasing the efficiency of the conveyor belt transporting system used at 4 Belt Shaft at Lonmin?s Marikana operations. The reason for the investigation was to prevent the occurrence of a ?bottleneck? at the main ore passes delivering ore to the conveyor belt system, thus creating more fluent operational conditions. The options assessed for increasing the efficiency of the conveyor belt transporting system were: ?Variation of the conveyor speed ?Concurrent tipping from two ore passes on the belt ?Increase the available drive unit power ?Increasing the feed rate from vibratory feeders ?Change in belt width/belt specifications The report shows that the most preferable option to the current situation at 4 Belt, Lonmin, would be the option of concurrent tipping from two ore passes to the belt.

Jan 1, 2008

By James A. Powell

A seismic system which utilizes in-mine geophones to detect trapped miners has been developed. Tests at the Bureau of Mines Safety Research Mine at Bruceton, Pa., and at two operating mines indicate such a system has a maximum detection range in excess of 1,000 feet. The system is fieldworthy and portable and requires less than 30 minutes to set up and check. Real-time detection is possible.

Jan 1, 1976

In November 1969, New Zealand Steel Ltd pioneered the commercial use of the SL/RN solid fuel direct reduction process to make sponge iron as a feed material for electric arc furnaces. Serious process problems with the use of green balls and coal injection were progressively overcome. The process was developed by New Zealand Steel along a radical route, of feeding the fine grained raw ironsand concentrate and coal directly to the kiln. Contemporaneously with this development of direct reduction, steelmaking process innovations were made that enabled the arc furnaces to operate successfully with the high volumes of acid slag. The further expansion of New Zealand Steel's primary steelmaking capacity to replace the currently imported hot and cold flat rolled products is under consideration. The requirement to produce about 600 000 tonnes of steel slabs will be an opportunity to further modify iron and steel making plant and processes to optimise the economics. The conceptual and preliminary engineering selection of options is described.

Jan 1, 1980

By Fred L. Bishop

This paper describing the methods employed in the purchasing and supply departments of the Miami Copper Co., Miami, Ariz., is one of a series being prepared for and published by the United States Bureau of Mines on office practice in mining operations. GENERAL DESCRIPTION The Miami Copper Co.'s plant is located about 1 mile from the town of Miami, in the Globe-Miami Mining District, Gila County, Ariz. The property consists of a complete mining plant, concentrator, high-pressure steam power plant, and many other attendant structures. In normal times the company employs about 1,500 men, and mines and mills about 6,000,000 tons of ore annually.

Jan 1, 1932

Since its commercial in Australia at Broken Hill in the early part of the 20th century, the flotation process has grown to become the single most important minerals separation method available to mineral processing engineers. Statistics on flotation are impressive both in terms of growth of tonnages treated and in terms of the variety of separations accomplished. Because of the steady decline in the grade of ores and because many of the ores remaining are finely disseminated mixtures of minerals (many of them in a highly oxidized state) mineral processing scientists and engineers are now con- fronted with the problem of improving and modifying conventional flotation techniques so as to be able to effic- iently process these more refractory types of-ores. The flotation process did not come into being as the result of an intensive fundamental research effort but, in a similar way to so many other methods used in the processing of raw materials, it was developed over the years by the continued application of empirical methods. As a result, most of the basic research in this field has long been concerned with the problem of explaining why the existing process works so well. We are now at the stage where any further substan- tial extension of the flotation process will demand a more profound understanding of its fundamental principles. Current knowledge of flotation fundamentals is still far from the stage where processes can be designed, optimized, and controlled from first principles. The extensive

Jan 1, 1984

By L. A. Sandbak, Yan Xing

"The purpose of this study is to evaluate the rock mass stability around the tunnels by three-dimensional (3-D) numerical modeling. Complex geological and tunnel features have been included in the model using the software package 3DEC™. Based on the available information on stratigraphy, geological structures, and mechanical properties of rock masses and discontinuities from the underground mine, 3-D stress analyses were performed on various cases with different K0 (lateral stress ratio) values, constitutive models, as well as support systems. Relations between these factors and the distributions of stress, displacement, and failure zones around the tunnels were obtained and discussed. Finally, comparisons between the field deformation measurements and numerical simulations are used as validations for the simulations, helping to determine the appropriate K0 value and material constitutive models for the underground mine.INTRODUCTIONThe case study site is an underground mine in the USA with a monthly ore production between 20,000 and 30,000 tons. The regional geology of the mine is structurally and stratigraphically complex. Rocks in the area include carbonaceous mudstone and limestone, tuffaceous mudstone and limestone, polylithic megaclastic debris flows, fine-grained debris flows and basalts, all part of the Cambrian-Ordovician Comus formation and related dikes. Both the mineralization and faults have general orientations striking N-S to NW-SE with high dip angles. The ore body in the mine has an incline of about 25---45 degrees located in relatively low quality rock; hence, cut-and-fill mining has been used.This underground mine has two vertical shafts used for ventilation, ore hoisting, and for personnel and material transportation. Development drifts were designed and driven to extract and transport the ore, as shown in Figure I. Bolts, mesh, and shotcrete have been applied in this mine for ground control. In order to reach various locations, the tunnel system is designed with different heading directions and inclines, which will be described in detail later. The area selected for modeling is a cubic region including all the tunnels inside the black square (Figure 1)."

Jan 1, 2016

By G. A. Vissac

In this paper we intend to deal particularly with the economic side of coal washing as it applies to our mines. We will then discuss why the dry-cleaning process has been selected, and give a brief description of our plant, dwelling only on its specific features and referring the reader to the numerous papers published on the subject for any details on the principles and machinery used in dry cleaning. ECONOMIC DISCUSSION The washery introduces an extra cost for depreciation, operation, and loss in treatment. A certain proportion of the coal, now being sold, and which the miners have been paid for. will have to be wasted. As a whole, the total increase in cost would be approximately 60 cents per ton. On the possibility of recovering this amount depends the success of the washery. There are two advantages to be expected from the washery, the first, which occurs at the mine and which will be certain; the second, more difficult to estimate, because it depends upon convincing our customers that they should pay more for a better product.

Jan 1, 1924

By Norman P. Goss

It is generally agreed that cold-working mechanically refines the grains into smaller fragments and with continued working these are oriented with certain crystallographic directions bearing a relation to the direction in which the metal is worked. Some of the energy expended on the metal during plastic deformation appears in the form of heat, but a very small portion remains in the metal as stored energy. The entropy, specific heat capacity, temperature at which recrystallization will just begin, density, ductility, elasticity, tensile strength, and resistance to corrosion are affected. These properties have been studied extensively and some of the changes in the physical properties due to cold-working were attributed to lattice distortion.l-8 The broadening of the Ka lines on the X-ray diffraction diagrams of plastically deformed metals is believed to indicate lattice distortion, and consequently the existence of internal stresses. The evidence supporting this theory rests solely upon the observed experimental fact that the diffraction lines are broadened and the Ka doublets are completely diffused. Elam9 has reviewed the matter of lattice distortion in relationship to the hardening of metals by plastic deformation. The X-ray diagrams of plastically deformed metals differ in general from annealed metals. The hardening of a metal was believed due to lattice distortion.9 The resolution of the doublet is lost when a metal is cold-worked and the Laue spots are elongated. At one time this elongation was thought to indicate the elastic bending of the crystal planes. However, more careful work showed that the asterism was due to new orientations developed within the fragmented grains during plastic deformation. Some theories attributed the hardening to fragmentation of the grains into smaller units. Jeffries and Archer,ll after carefully considering the problem of work-hardening from many angles, came to the conclusion that cold-working mechanically refines the grains into smaller crystal fragments, some of which at least differ in orientation from the parent grain. The increase in

Jan 1, 1940

By A Gustafson, G Shekhar, P Boeg-Jensen

The amount of material extracted from each blasted ring in sublevel caving mines is vital when deciding the overall mine production target. The orientation of the production drifts is normally perpendicular to the strike of the orebody, and rings are blasted from the hanging wall side to the footwall side in a retreating manner. For an inclined orebody, a given ring will contain different amounts of material based on its relative position along the production drift. This layout creates a distinctive problem with respect to the extraction ratio optimisation along the axis of the production drift. This paper describes the current drawpoint control strategy practiced at LKAB and presents the variation of drawpoint performance parameters along the production drifts. It uses automatically generated data from a bucket weighing system that measures tonnage drawn per bucket, and it classifies the blasted rings into four zones based on their relative position along the production drift. It considers the loading procedure for blasted rings at Kiirunavaara mine and analyses the variations in drawpoint performance along the production drift. The paper finds that although the current draw control strategy is sensitive to ring position along the drift, it could be modified to optimise the final extraction ratio.CITATION:Shekhar, G, Gustafson, A, Boeg-Jensen, P and Schunnesson, H, 2016. Draw control optimisation along the production drift in sublevel caving mines, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 241–250 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By Fred J. Fleischauer

Industry requires higher speed sheet stacking. High speed sheet stacking requires equipment and techniques to solve several inherent difficult problems, such as the tendency for sheets to sail, and the need for a means to absorb the kinetic energy of the sheet without damaging the sheet. Accurate alignment of the sheets on the stack is another problem difficult to solve. The paper first analyzes the process of sheet handling into its basic elemental steps. It then describes equipment and techniques presently used for moderate sheet handling speeds, with emphasis on how each step in the stacking process is accomplished by the present equipment. The limitations to speed-up of present equipment is discussed. New high speed equipment, either recently introduced to the market, or in the process of development, is described. Magnetic, air float and vacuum conveyor stackers are compared.

Jan 1, 1973

By J Mauk

Water-rock reactions such as pyrite oxidation and calcite dissolution strongly influence the pH of pit lakes that develop in open-cast mines after mine closure. The Martha Mine, located in world-class epithermal Au-Ag deposit at the southern end of the Coromandel Peninsula, New Zealand, is scheduled to close in 2007, after which the pit excavation will be rehabilitated into a recreational lake; the first pit lake in New Zealand. Mineral distribution maps from XRD results of 130 andesite samples identify regions that could produce or consume acidity in the future pit lake. Maps show pyrite, calcite, adularia, albite, illite and chlorite distribution in the wall rocks. These data identify five alteration mineral associations: potassic, propylitic, weathered, oxidised and weakly-altered. Pyrite occurs in potassic, propylitic and weathered associations, whereas calcite is restricted to propylitic association in the northeast wall. Subaerial, epilimnion, and hypolimnion exposure zones describe the physical and chemical weathering processes that are likely to occur in regions of pit wall, and the potential effects on lake water chemistry. The pH of epilimnion water will depend on the relative abundance of pyrite and calcite in the propylitic association in the northeast wall, whereas hypolimnion pH will depend upon the frequency of whole-lake circulation events that distribute dissolved oxygen to deep lake layer. In mines with diverse alteration associations, mineral distribution maps are an essential precursor for accurately estimating water-rock reactions in pit lake environments. Data may be directly incorporated into a quantitative geochemical model of future pit lake water chemistry.

Jan 1, 2002

By Henry E. Perlee

Air compressor explosions that are caused by the ignition of combustible vapor mixtures cannot be explained by a single reaction mechanism or sequence of events. Explosions have been caused by the sudden release of large quantities of lubricating oil, by the rapid vaporization of oil that had accumulated slowly in high-pressure piping, and by the production of decomposition products from carbonaceous deposits. Ignitions can be caused by the heat produced in a catalytic reaction, in a compression process, or when a shock wave is propagated through a combustible vapor-air mixture. The frequency of these ignitions can be minimized by establishing proper maintenance and cleaning schedules. Further study is needed to satisfactorily correlate the various factors involved in compressor explosions.

Jan 1, 1963

By Ke Yang

"Drilled shafts are typically used to support structures subjected to large moments at the shaft head. The large moment can produce push and pull forces on the two sides of a drilled shaft. Consequently, the applied moment is partially resisted by the push-pull moment resistance induced from the vertical side shears. This type of push-pull resistance has not been fully recognized in most design and analysis methods. In this paper, a 30 finite element model for a drilled shaft subjected to lateral load and moment is presented and is validated against two field lateral load tests. Based on the 30 finite element model, a parametric study is carried out. It shows that the push-pull moment can resist 18-35% of the applied moment. The parametric study also shows that the push-pull resistance varies linearly with loading eccentricity when the eccentricity is less than the shaft embedment length. A method to estimate the push-pull resistance is proposed based on the results of the parametric study. Then, a new method for lateral capacity prediction is proposed to account for the push-pull resistance. The base shear resistance is significant for short drilled shafts; therefore it is also included in the proposed method. A case study on four lateral load field tests illustrates that the new method could improve the accuracy of lateral capacity prediction when compared with the traditional Broms method.INTRODUCTIONDrilled shafts are typically used to support a variety of structures subjected to large moments. Sound walls, highway signs, traffic signals, high-rise buildings, electrical transmission towers, and bridge piers are examples of cases where lateral loads with large eccentricity would result in high overturning moments on foundations.Current analysis methods for capacity predictions (Broms, 1964a and 1964b; Brinch Hansen, 1961) or deflection predictions (Reese, et al. 197 4) of laterally loaded drilled shafts are based on the lateral resistance of soils and rocks. However, O'Neill pointed out that moments can be partially resisted through the push-pull resistance provided by the vertical side shears due to the rotation of the pile (Reese, 1997)."

Jan 1, 2005

By Masakazu Daté

Moisture effect has been studied for the CO oxidation over Au/TiO2, Au/Al2O3 and Au/SiO2, in the range of H2O concentration over four orders of magnitude. It has been found that the catalytic activity is generally enhanced by moisture in the reactant gas. The enhancement is as large as two orders of magnitude. Response to the moisture concentration, however, depends on the support oxide, indicating different contributions of the support to the reaction steps. The moisture effect is reversible and the activity is mainly determined by the amount of moisture absorbed by the catalyst. The apparent activation energies are not significantly influenced by moisture for Au/TiO2 and Au/Al2O3. On the contrary, non-uniform conversion curves versus temperature observed for Au/SiO2 are drastically changed, which indicates that the reaction over Au/SiO2 does not take place at low temperatures without moisture. The moisture effect may be probably attributed to the decomposition of carbonate species accumulated during the reaction, while the ?OH group might directly participate in the reaction pathways as a promoter.

Oct 1, 2003

By J. L. Sanchez

Using a special double-zone transpiration reactor, the vapor transport chemistry of vanadium pentoxide in the presence of water vapor has been investigated. Three possible volatile hydroxides above V,O,(s) are reported in the literature: VO,(OH),, V,O,(OH),, and VO(OH),. In the present study, it was established that VO(OH), is the principal gaseous hydroxide species formed. The predominant reaction was found to be: { } The vapor pressure of VO(OH), was measured as a function of temperature, water pressure, oxygen pressure and flowrate. The results have been used to determine the Gibbs free energy of the above reaction as a function of temperature: { } The results of the present work were combined with thermodynamic data reported in the literature to obtain expressions for the AGO for the reaction above V,0,(1) and the AGO of formation (units in cal/g-mole).

Jan 1, 1993

By Kesser Z, Vincze T

The Western Mining Corporation mining lease on the Bendigo Goldfield measures 5krri x 18km with more than 20 anticlinal folds parallelling th long north-south boundaries. Numerous closely spaced shafts and extensive underground workings on the reef lines along the folds flooded with groundwater following the progressive abandonment of the field. Preliminary water sampling and assessment demonstrated that a major dewatering programme and acceptable disposal methods were necessary to dewater interconnected old workings in areas of interest prior to any underground work taking place. A field wide geohydolic investigation was undertaken to establish geohydraulic parameters, groundwater recharge rates and water qualities. Data from the field investigation together with estimates of the volume geometry of the submerged workings as obtained from old mine plans, production history, and limited pump testing results were used with an appropriate analytical model to obtain estimates of water discharge rates required to reach various dewatering targets. Water disposal options were limited by relatively high salinities, arsenic levels, contained hydrogen sulphide, and the mine locations within the urban areas surrounding Bendigo. Direct disposal to the surface drainage system could not be considered, treatment to acceptable discharge standards was not economically feasible, and it was necessary to adopt a strategy of collection, containment, and evaporation.

Jan 1, 1988

VISIT TO HENDRINA POWER STATION AND OPTIMUM COLLIERY A visit to Hendrina Power Station and the Optimum Colliery, contractually committed to supply the coal for the power station, took place on the 20th September, 1972. INTERNATIONAL IRON AND STEEL CONGRESS This congress will be held in Dlisseldorf from May 23rd to 30th, 1974. The main theme is "Metallurgical Technology of Iron and Steplml1king".

The Shortage of Mining and Metallurgical Engineers I N many parts of the Western World attention has recently been drawn to the acute shortage of mining and metallurgical engineers produced by the universities. Naturally, the reasons for this shortage have been discussed, and various remedies for it have been proposed. In this paper, I want to examine some of them. It is now fairly generally ac-cepted among mining men that the easy attractions of modern urban life have left the career of mining in the metaphorical as well as in the literal backwoods. The industry finds it increasingly difficult to recruit adventurous and intelligent young men; for such men now seek their intellectual, if not physical, adventure in more glamorous occupations from a safe social base in suburbia. The salaries, opportunities and security offered by the mining industry do not complete effectively with the rewards offered by other industries and by commerce, taking into account the social disadvantages of a mining life. The excitement and other non-material attractions of mining

Jan 1, 1965