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Portfolio management tends to separate the functions of Asset Allocation and Stock Selection, so the person responsible for reviewing an expert's report on a company would typically be choosing between companies rather than between a company and cash or bonds. How these choices are made depends on the investment time horizon, philosophy and style. Two styles, momentum investing and value investing are contrasted and the role of valuation methods within the framework of each style is evaluated. Finally, pricing is distinguished from valuation.

Jan 1, 1994

By Baozhong Zhao

In-situ vitrification (ISV) is a new technology used for treating radioactive, organic and inorganic contaminated soils. In this process, electricity is applied through electrodes buried in the contaminated soil to melt it and form an environmentally stable glass-like solid. The organic contaminants and volatile metals are vaporized during heating up, the non-volatile inorganic elements are dissolved and incorporated into the melt. In present full-scale operation, the ISV process can treat 4 to 6 tons of soil per hour at consumption of about 1000 kwh per ton of soil. In this study, various configurations of electrodes were examined in a mathematical model. The results may be used to optimize the ISV process.

Jan 1, 1994

By Nicholas Kyriazi, John P. Shubilla

A joint effort by the U.S. Bureau of Mines (USBM) and the US. Mine Safety and Health Administration (MSHA) was undertaken to determine how well self-contained self-rescuers (SCSR's), deployed in accordance with Federal regulations (30 CFR 75.1714), held up in the underground environment with regard to both physical damage and aging. This report presents findings regarding laboratory-tested SCSR's in the fourth phase of testing from 1989 to 1993. The SCSRYs were tested on human subjects and on a breathing and metabolic simulator (BMS). These results indicate that most of the apparatus, if they pass their inspection criteria, perform as expected except units with manufacturing defects. However, when the apparatus are carried in and out of the mine daily and stored at the working section, they may suffer abuse. Physical signs of abuse, unless extremely obvious, are frequently not detected by the miners or mine operators. In addition, some apparatus collected for this study had not been returned to the manufacturer in a recall effort for correction of a manufacturing defect. In both cases, the apparatus would have presented problems in emergency use. Recommendations include improved training in inspection procedures and better enforcement of recall notices.

Jan 1, 1994

By O. D. Staman

The risk assessment project examines the likelihood of inorganic contaminants from copper dump-leaching operations to contaminate domestic water supplies. The project examines contaminant transport by modeling contaminant movement from the base of a leach pile through the unsaturated zone and into the saturated zone. The modeling effort is unique in that it models infiltration, contaminant transport in the unsaturated and saturated zone combined with geochemical modeling of the unsaturated zone. The project incorporates probability theory to reflect the uncertainty of hydrogeologic parameters.

Jan 1, 1994

By Robert M. Cox

Abrupt tailgate roadway ground failures, described as floor bumps, sometimes occur in the tailgate entry outby the face during the high-speed extraction of coal from mechanized longwall panels. These floor bumps typically damage the tailgate entry support structures for a distance of from 12.2 to 24.4 m (40 to 80 ft) outby the face. The relative closure of the tailgate entry may be a key indicator of potential tailgate ground control problems. Regression analyses of tailgate entry convergence data conducted by the U.S. Bureau of Mines (USBM) indicate that entry closure may be characterized as an exponential function of the distance outby the longwall face. Assuming that the entry closure is caused by the abutment loads created by the excavation of the longwall panel, the resulting convergence equation can be integrated to locate the centroid of abutment loading. This information can be used to document zones of potential ground failure ahead of the operating face.

Jan 1, 1994

By Gopalan Ramadorai

This paper presents a review of halogen solvents used in the processing of precious metals. Reagents of widely varying chemical structures, such as chlorine gas, calcium and sodium hypochlorite, chlorine dioxide, iodine and bromine have been used for precious metal extraction. None of these chemicals are a replacement for cyanide: however, each of these chemicals present an opportunity for use in processing a specific type of ore. The ore and chemical must be matched to each other for success. Recovery of metal from the leach solutions also offers challenges.

Jan 1, 1994

By J. D. Miller

The fossil resins of certain western coals are of significance and of sufficient value as a chemical commodity to justify a fossil resin industry. At the present time these valuable fossil resin resources, worth more than $0.50/lb as a chemical commodity, are being burned as fuel for electric power generation. This waste of our fossil resin resources corresponds to a loss in revenue of $200 million per year -equivalent to the value of the coal itself! Improved process technology for the recovery of fossil resin is under development and includes selective flotation of fossil resin from fine coal streams and solvent refining of the fossil resin flotation concentrate to produce a premium resin product. The most recent developments in process technologies are discussed with respect to separation efficiency and product quality. It is clear that the development of a fossil resin industry should not be limited by process technology.

Jan 1, 1994

By Jean J. Abiassi

The Boston Marine Industrial Park (BMIP) VENT 6 project is a cut and cover tunnel, part of the Central Artery / Tunnel (CA/T) in the city of Boston. The BMIP job will serve as the south approach to the Third Harbor Tunnel crossing. The alignment is approximately 2500 Ft long and is made up of four sections starting from west to east: 1. West Tunnel 2. Boat Section 3. East Tunnel 4. Tunnel inside Vent 6 Cofferdam and connection to the Third Harbor Tunnel. The support of excavation (SOE) system for the West Tunnel, Boat Section, and East Tunnel are all a part of this project whereas the SOE for Tunnel inside the Vent 6 Cofferdam was a part of the contract for the Third Harbor Tunnel.

Jan 1, 1994

By Robert L. Russell

Production at Freeport Indonesia's Ertsberg open pit copper-gold mine started in 1972 at a rate of 7.5 kt/d (8270 stpd). Mill throughput remained at that rate for several years until the discovery of the Ertsberg East (GBT) ore body. This discovery prompted three succes¬sive expansion stages from 1981 to 1988 that boosted production to 20 kt/d (22,000 stpd). In 1988, the discovery of the huge Grasberg porphyry copper deposit launched an era of much larger expansions. The first of these was the installation of a fourth primary mill in 1989 that increased throughput to 32 kt/d (35,270 stpd). That was followed by an expansion of the crushing and screening plant and in 1991 the addition of a new south concentrator to bring production to 57 kt/d (62,830 stpd). The addition of a primary ball mill and the changeout of the original Denver flotation cells in 1993 brought production to its current level of 66 kt/d (72,750 stpd).

Jan 1, 1994

The moisture content of clean coal contributes significantly to the product's transportation costs, handleability characteristics and/or energy value. A major contributor to the total moisture is the ever increasing proportion of fine coal in

Jan 1, 1994

By Claire A. Chanenchuk

Catalytic Extraction Processing (CEP), a technology commercialized by Molten Metal Technology, Inc., a US.-based company, can convert industrial, household, and government wastes into commercial resources. CEP is an innovative elemental recycling technology that uses a molten metal bath to completely dissociate hazardous or toxic components of a feed and convert them to valuable products. The catalytic action of the molten metal bath converts the feed to its elemental constituents and the reducing atmosphere prevents the formation of any dangerous byproducts (NOx, SOx, dioxins, furans, etc.). Selective reactant addition allows engineering of valuable products from otherwise unexploited resources. Synthesis gas is generated from hydrocarbon feeds, ferro-alloys from metallic wastes, and ceramics from select inorganic species. Commercial-scale processing of multiple wastes and waste surrogates has been carried out at a destruction and removal efficiency exceeding 99.9999 wt.%, validating theoretical predictions. Unlike conventional hazardous waste treatment technologies, CEP offers resource recovery, minimal byproduct generation, and the potential for closed-loop recycling.

Jan 1, 1994

By Anthony J. Deevy

"The Magino gold mine is located 45 km northeast of Wawa, Ontario. There was limited gold production in the late thirties. The present operation was officially opened in October 1988 and produced gold until September 1992. It was a 635 tonnes per day, decline-accessed mine, with ore coming from several small blast hole and shrinkage stopes.The host for the gold is the Webb Lake granodiorite stock which was intruded into the Goudreau Lake Deformation Zone. This east-northeast-striking deformation zone overprints the generally east-west- striking isoclinally folded metavolcanic and metasedimentary rocks, which make up the east end of the Michipicoten greenstone belt. The ore-shoots are controlled by dextral delatancy associated with the Goudreau Lake Deformation Zone. Shearing, bleaching and silicification accompanied the gold emplacement. IntroductionThe following is a general information paper on the Magino gold mine which is located 45 km- northeast of Wawa toward the east end of the Michipicoten greenstone belt. This paper summarizes the discovery, exploration and development history of the deposit. The geological characteristics are described, including regional geological setting, local mine geology, mineralization, alteration and structural history. The mining methods and the contribution of the geological staff to the successful development and mining of the gold deposit are also mentioned."

Jan 1, 1994

By S. G. Kumar

Experimental studies on high carbon steelmaking through LD Converter - Vacuum Arc Degassing - Bottom Pouring route to produce low oxygen steels were carried out. The results indicated that it is possible to produce steel with a total oxygen content of less than 15 ppm. Thermodynamic and mass balance calculations are made on low-carbon steels that are treated by a complex deoxidation practice based on primary deoxidation of aluminum, manganese and silicon additions; followed by secondary deoxidation of vacuum degassing with simultaneous additions of aluminum. The results showed that primary deoxidation is mainly due to aluminum and the effect of carbon under reduced pressures on deoxidation of molten steel that is already killed by aluminum is negligible. The effect of process parameters on total oxygen content of steel, like carbon content, slag composition and inert gas purging, are discussed.

Jan 1, 1994

By Z. Yu

Dewatering of a -0.5 mm fine coal has been studied extensively. Deep cleaning requires however fine grinding, and dewatering of such ultrafine products presents a great challenge. Several coal samples finely ground and characterized by different wettabilities have b.een used in the filtration tests. Vacuum and press filters have been employed. In this paper only the results obtained with different flocculants (totally hydrophobic. semi-hydrophobic and hydrophilic polymers) are included. The results reveal the effect of coal surface properties and flocculant type on filtration of ultrafine coal.

Jan 1, 1994

Four slag types covering the range of Fe-Ca-Si-O compositions and two iron blast furnace slags were melted at 1300 °C and doped with 1% of arsenic, antimony, cadmium, zinc and chromium. The melts were either slow cooled or quenched and the solidified slags were leached according to TCLP procedures. The morphology of the solidified slags was characterised using XRD, optical and electron microprobe techniques. Theoretical considerations showed that the capacity of the molten slag to hold the above toxic elements depended upon slag basicity and this was confirmed in practice. The experiments showed that the leaching of the toxic elements was a function of surface area and the phases present, both of which were affected by the mode of cooling. Iron silicate slags produced in nonferrous smelting operations and blast furnace slag from ferrous smelting operations both show promise of being suitable media for immobilising low levels of toxic elements and complying with current regulatory requirements.

Jan 1, 1994

The mining of remnant coal reserves at the Liddell Open Cut is subject to a number of risks. These risks are of both a technical and financial nature. Liddell Open Cut is principally a conventional truck and shovel/loader operation, supplemented by a highwall coal augering operation. There are significant areas of divergence from more conventional operations including working in close proximity to a major dam, working up dip from an operating underground mine, and working through areas where there has previously been underground extraction. In addition the site has major long-term rehabilitation requirements. This paper, rather than concentrating on specific detail of areas of risk, presents the spectrum of geological, design, operational and post-mining risks that accrue to the various areas of activity in this open cut operation. The balance of this paper then provides an outline of the strategies employed by Liddell Coal to manage their potential impact.

Jan 1, 1994

By R. J. Bridwell

Acid mine drainage (AMD) occurs in high sulfur coal and heavy metal mining environments. We show remediation methods using 3D numerical ground water flow models and chemical kinetics of pyrite oxidation for acid leaching of pyrite during air and ground water flow. A recently developed numerical model couples air and water flow with kinetics of iron-reactive bacteria, oxygen transport, specific chemical reaction rates, and pyrite oxidation to calculate migration control of pollution. A model is presented which considers diminution of acid mine drainage in pyrite rich ore bodies by raising the potentiometric surface through a vadose zone to reduce acid mine drainage. A ground water model is presented of an initially saturated mountain, containing an adit, with a sloping ground water table. Ground water recharge consists of snowfall and normal precipitation. Simulations indicate that the historically open adit creates a desaturated mountain above the adit. Significant air saturation ranging from 10-90% oxygen can occur to depths of the adit (-270 m). Remediation consists of plugging the adit, which fill s adit and mountain with water from recharge. Plugging the adit required <10 years for resaturation and rise of the water table in the mountain.

Jan 1, 1994

By S. Behl, Pradip

Selective-flocculation process development generally involves single-mineral flocculation tests to identify the appropriate polymer experimental conditions for achieving the desired selectivity. Invariably the selectivity predicted on the basis of such tests is not realized when mixed-mineral tests are conducted. A systematic experimental investigation revealed that adsorption of the polymer on various substrates is critical to selecting the suitable flocculant. Simultaneously, a mathematical model was developed to predict the overall process of efficiency with a given polymer. In this paper, the results of these efforts to scientifically design a suitable selective flocculation process are presented.

Jan 1, 1994

By Syd S. Peng

Popular concepts of resin and conventional roof bolting The conventional roof bolt with shell anchor was first introduced for coal mine entry support in the late 1940s. The general concept of a reinforcement mechanism for this type of bolt is suspension. This means the shell anchor must be anchored well inside a competent rock stratum (such as sandstone, limestone or firm shale) so the bolt suspends the underlying weaker strata. This concept has and will continue to dominate the use of conventional roof bolts. Under this concept, the conventional roof bolt is not suitable for the stratigraphic sequences in which a strong, firm stratum is not available within the economic anchorage horizons.

Jan 1, 1994

It is a great honour to officiate at the celebration of the centenary of the South African Institute of Mining and Metalurgy. Tonight&apos;s festivities bring back happy memories of my association with South Africa&apos;s mining industry during my tenure of office as Minister of Mineral and Energy Affairs. They also remind me of the illustrious personalities who have preceded me on this podium. The Pioneers They include Sir Percy Fitzpatrick, who spoke in 1909 on the eve of the Union, General Smuts, and, on many occasions during the 1920s and 1930, Jan H. Hofmeyr. The basic issues addressed by them continue to enjoy the Institute&apos;s attention today, namely the optimal and safe exploitation of our country&apos;s mineral resources and cost-effective extraction of minerals from their ores. Translated into the Institute&apos;s key objective it reads: To initiate and give effect to the means whereby the requirements for technology and scientific knowledge if the minerals and metals section if the South African economy is satisfied.

Jan 1, 1994