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By J. Botin

Traditional risk quantification methods provide little information on the sources of risk, and tend to produce static over-conservative evaluations, which do not account for changes in the performance of the project. Capital investment decisions for large mining projects require more complex risk evaluation models that include the value of flexibility and the different risk levels associated with uncertainty on project variables (price, grade, dilution, and production rates, among many other). In this context, real option valuation (ROV) methods have proven potential to quantify the risk associated with such variables and integrate alternative scenarios and management strategies into the evaluation process. In this paper, a risk quantification model is developed that successfully quantifies the risk associated with dilution, as a function of production rate. This model is then validated in a case study on the Chuquicamata Underground Mine project. Keywords real options, risk management, risk quantification, dilution, minine planning.

Jul 1, 2013

By Osvaldo A. Bascur, J. P. Kennedy

Companies have installed powerful desktops for their personnel and instrumentation and control systems in their plants. These desktops are, in many cases, connected to a company intranet. Still, process engineers have to obtain their data manually. Engineers use process calculations from manually calculated averages from the plant; field operators collect equipment data on log sheets; and maintenance engineers collect critical information on log sheets. All of this information resides in individual machines. What are the strategic tools that will enable collaboration between them? How can operators, engineers, and managers access plant information to proactively increase their effectiveness in process troubleshooting, plant debottleneclung, aligning with business strategic and customer demand, satisfying environmental and safety regulations, developing capital projects, and implementing control strategies? A nonintrusive environment at the desktop is required to provide the process information to these workers. How can value be added to MS Windows technologies with the legacy systems at a minimum cost? There is no straight answer; however, there is a proven framework to leverage the large investments in new technologies. Objects and components are changing the way everyone relates to their computer and networks. Three examples will be described to demonstrate paradigm change. Today, process engineers can access data at the required level of detail for analysis of critical process variables at their desk or remotely. 1. Process Troubleshooting and Analysis: The engineer can develop an inferential calculation, trigger a process advisor to deter- mine the behavior of the units for the last day, and get the population of a set of batches (heats, blocks, rolls, sheets, etc). 2. Process Control and Optimization: The engineer can connect to a process simulator at steady state or a dynamic simulator of the process to evaluate new control strategies or process unit line-ups and use the process simulator as a process observer for fault diagnosis. 3. Collaboration with Accounting and Maintenance: The engineer can review reconciled data and the process mass balances, suggest maintenance cleaning or recalibration of flowmeters, and evaluate key control performance of all advanced controls.

Jan 1, 1999

By Kubik K

Recent significant advances in the Global Positioning System (GPS) have contributed to making real-time kinematic/dynamic process for decimetre to centimetre-level positioning more reliable and ready for the production-use. As a result of research and development efforts in this area, a robust real-time kinematic (RTK) GPS positioning prototype system has been established at QUT for both scientific and engineering purposes. This system is finding applications in a wide range of automobile robots or automatic guidance vehicle systems. This paper first summarises the theoretical basis necessary for centimetre real-time kinematic positioning, then gives a brief description for the real-time dynamic GPS system developed at QUT. The paper summarises the results of a designed vehicle tracking test. The results demonstrated that the differences between RTK filtering solutions and OTF solutions are in the order of magnitude of about 20 centimetres and the accuracy of OTF solutions are in the levels of two centimetres. This confirms that the RTK system delivers three-dimensional position with decimetre-to-centimetre accuracy. This particular RTK processing system is robust and reliable, although the system is referred to as a prototype and will be further developed.

Jan 1, 1997

By D Lautier, A A. Ndiaye, A Galli

Traditionally gold producers had built up hedge books to protect themselves against adverse changes in the commodity price, but diversified mining groups were staunchly opposed to hedging in any shape or form. The situation has evolved over the past few years. Gold miners have been reducing the size of their hedge books in line with the rising gold price. Commentators have talked about ædouble-digit dehedgingÆ and have suggested that this is the final countdown for gold hedge books. It sounded as if the era of hedging by mining companies was drawing to a close. But as appearances can sometimes be misleading, we decided to find out what mining companies were actually doing. Companies listed on stock exchanges are now obliged to give details of their derivatives holdings in their annual reports. Two or three years ago there was no such obligation. Our reality check was based on the latest annual report issued by three multinational mining groups; two with diametrically opposed views on hedging (Rio Tinto and Barrick) and the third (BHP Billiton) with an intermediate position. This snapshot of their derivative positions at a point in time revealed that Barrick and BHP Billiton have substantial derivatives positions (worth billions of dollars) to protect against adverse changes in foreign exchange rates and interest rates. Moreover Barrick has recently started hedging against increases in fuel prices. Despite its opposition to hedging, Rio Tinto has derivative positions worth several hundred million dollars, but these are primarily a legacy from various mergers and acquisitions over recent years or were entered into as a condition of project financing. Lastly we were surprised to discover that Barrick was holding asset-backed commercial paper (ABCP). So the idea that mining companies donÆt hedge their risks is just another urban myth.

Jan 1, 2009

By Norman Paley, Finn Ouchterlony

Detailed fragmentation data for different blast delay timing tests at the Red Dog mine in Alaska are analyzed. This work is a continuation of previous work in which the crusher output was found to be better described by the three-parameter Swebrec function than by the Rosin-Rammler function. For a crusher model, the x50 variable sufficed to describe changing crusher input while b and xmax could be considered fixed. For the crusher output from aggregated stockpile rock, as measured by digital image analysis using Split-Online, the constancy of b was not as apparent. In this paper detailed stockpile data, single Split data series, and sieved belt cuts of crusher product are analyzed using the Swebrec and truncated Rosin-Rammler functions. The variability of b is confirmed. By using specific fraction passing sizes a shortcut is presented that removes the need to do curve fitting to determine the three Swebrec function parameters.

Jan 1, 2013

By Vern Pfannenstiel

Jan 1, 2005

By G. Gaidajis

For the environmentally safe management of the sulphidic waste rock produced from the Stratoni mining facilities, TVX Hellas has examined, within the frame of the funded European research program ROLCOSMOS, the effectiveness of an alternative rehabilitation scheme involving the segregation of the sulphide rich components of waste rock and the engineered application of alkaline additives. The examined waste rock management scheme was evaluated with laboratory test work followed by pilot-scale field applications. In this paper, the results from the two-year monitoring period of the pilot scale application are presented.

Jan 1, 2002

By T. H. Patching, D. F. Coates

The Sub-Committee on Rock Classification, Canadian Advisory Committee on Rock Mechanics, has evolved a classification of rocks which should prove useful in studies of rock mechanics. Considered in two stages -actual rock substance and rock mass -the five-point classification involves the geological name of the rock, the rock strength and rock deformation, and, in the second stage, the gross homogeneity of the rock mass and the formation continuity.

Jan 1, 1968

By J. J. Brummer

"A reconnaissance geochemical survey, using the stream sediment technique, is described. The survey covered an area of about 400 square miles, in the Seal Lake area of central Labrador, underlain by basaltic flows, diabase and metadiabase sills, and sedimentary rocks. Previous work had indicated numerous small copper occurrences within the Seal Lake group of rocks. Stream sediments were tested for the readily extractable copper content and total heavy metal content. The results of the copper survey did not yield any new data on the distribution of copper mineralization. Results of the total heavy metal survey attracted attention to a remote portion of the area (Ten Mile Lake), which had hitherto been regarded as having no economic interest. The anomalous values found, suggested that zinc mineralization should occur in this region. Geological mapping indicated that the rocks exposed belonged to the Letitia Lake Group, which is older than the Seal Lake Group exposed to the east, which contains the copper mineralization of the district.Investigation of the area lead to the discovery of: (1) uneconomic lead-zinc mineralization; (2) radioactivity extending over a considerable area. Evaluation of the radioactive rocks led to the discovery of columbium-thorium mineralization in amphibolite and in diopside-actinolite schists along a contact with intrusive alkali syenite.Thus a geochemical survey, which was planned to evaluate a copper province, resulted in the discovery of lead-zinc-columbium-thorium mineralization."

Jan 1, 1960

By Kang-In Rhee

A series of processes to recover the gold from electronic scrap which contains initially about 200-600 ppm Au have been developed. First, mechanical beneficiation including shredding, crushing and screening was employed. Results showed that 99 percent of gold component leaves in the fraction of under 1 mm of crushed scrap and its concentration was enriched to about 800 ppm without incineration. The scrap was leached in 50% aqua regia solution and gold was dissolved completely at 60°C within 2 hours. Other valuable metals such as silver, copper, nickel and iron were also dissolved. This resulting solution was boiled to remove nitrous compounds in the leachate. Finally, a newly designed electrolyzer was tested to recover the gold metal. More than 99% of gold and silver were recovered within an hour in electrowinning process.

Jan 1, 1995

By Jinhui Li

Silver is a very important metal used in a wide range of applications. It is necessary to recovery of Ag from electronic wastes for increasing of Ag price and circumstance protection. For separating and recycling Ag from Ag-Cu composite materials, thermodynamic data of reaction is calculated and some experiments have been proceeded with Ag-Cu composite material scraps, time, temperature, nitric-sulfuric mixed acid volume ratio and the volume ration of mixed acid vs. water have been discussed. The results show that the optimization conditions is that nitric-sulfuric mixed acid volume ratio 5:95, volume ratio of mixed acid vs. water 10:1, temperature 55?, time 25min. In the conditions, Ag can be selectively leached from Cu-based composite material, Cu base is not eroded nearly.

Jan 1, 2009

By S. Rick Gilbert

In the course of producing a final metal product, smelters, refineries, and other metallurgical facilities produce wastes which often come under the ?scrutiny of Federal and state regulatory agencies. Many of these wastes contain combinations on zinc, copper, lead, cadmium, nickel or other metals. Frequently in the form of reverts, dusts, or sludges, these metal-containing wastes are often buried in a landfill or speculatively accumulated for future action. Environmental liability can be reduced in many cases by selecting,-a recycling facility which can re-process the waste for.' metal recovery. Encycle, at its hydrometallurgical facility Corpus Christi, has Successfully processed a variety of metallurgical by-products and wastes and returned those contained metals to commerce.

Jan 1, 1995

By R. Koen, H. Visser, A. Roodt

"SynopsisThe tetraethylammonium salt of the mono-anionic coordination compound mer-oxidotrichlorido(thenoyltrifluoroacetylacetonato- K2O,O’)niobate(V) (NEt4)[NbOCl3](ttfa)], has been prepared under aerobic conditions and characterized by single-crystal X-ray diffraction. (NEt4)[NbOCl3](ttfa)] crystallized in the monoclinic P21/c space group, with a = 11.483 (5), b = 12.563 (5), c = 17.110(5) Å, and ß = 100.838 (5)o. The complex structure exists in a 50.0% (NbA) : 50.0% (NbB) positional disorder ratio.IntroductionComplexes containing organometallic type ß- diketone ligands with O,O and O,N donor atoms are used widely in coordination chemistry and have applications in catalysis, radiopharmaceuticals, etc. (Schutte et al., 2011; Roodt, Visser and Brink, 2011; Brink et al., 2010; Otto et al., 1998). These ligand systems are very useful because of their highly coordinative nature, high solubility, and also due to their ability to be functionalized with various substituents on the carbonyl carbon atoms (Schutte et al., 2011).Only a small number of ß-diketonate ligands have successfully been coordinated to a Nb(V) metal centre, with only a select few being characterized by X-ray crystallography (Viljoen, 2009; Bullen, Mason and Pauling, 1965; Preuss, Lamding and Mueller-Becker, 1994; Funk, 1934; Davies, Leedlam and Jones, 1999; Allen, 2002. The synthesis and crystal structure determination at room temperature of mer-oxidotrichlorido (thenoyltrifluoroacetylacetonato- k2O,O’)niobate(V) {(NEt4)[NbOCl3(ttfa)]} was first reported by Daran et al. in 1979. Accordingly, for this current investigation, (NEt4)[NbOCl3(ttfa)] was re-evaluated at 100 K to determine if the structural features might change with temperature."

Jan 1, 2015

By F. C. Farnham

THERE has been very little, if any, uniformity in the reference datum used for magnetometer surveys. It has been the practice to choose a base station at which the magnetic field is assumed to be normal and call the difference in field strength between a given station and this base the anomaly at the given station. For small-scale surveys latitude and longitude corrections may or may not be applied, but for large-scale surveys such corrections usually are applied. The United States Coast and Geodetic Survey maps showing lines of equal magnetic intensity are commonly used to determine the normal latitude and longitude variation by scaling values from the map for given points and computing the change per mile north and the change per mile east. This method has been quite satisfactory for isolated surveys, but when two surveys originating at different base stations were extended until they joined, difficulty arose, not only because of discrepancies between base-station values, but also because of differences between the latitude and longitude correction factors used for the separate surveys. It is the purpose of this paper to describe a reference datum for magnetometer surveys which, it is believed, will eliminate most of the difficulty arising from this source. In order to be satisfactory, a general datum for magnetometer sur-veys should be as close as possible to the observed field and still he based on some assumed distribution of magnet poles, in order that the "normal" value of any component of the field for any given point may be computed to as many significant figures as desired. Such a field has been com-puted, and a comparison of the intensity of its vertical component with the average vertical intensity for the United States as shown by the U.S.C.G.S. map of lines of equal intensity for 1935 is shown in Fig. 1.

Jan 1, 1939

By Wilbur E. Sanders

AT some period during the operation of metalliferous and other commercially valuable mineral-deposits in connection with their underground mining, when the developments therein have become so extensive that their description is tedious and confusing, some scheme for naming or numbering the various workings and their parts is necessary for convenience of ; reference.. A simple and symmetrical yet expansive system of classification must be devised, one that is capable of being extended to cover all possible exigencies and conditions of future operations within the property. Such a scheme, properly arranged, greatly simplifies communication between the various departments of the mining business, as, for instance, between the administrative and the operating departments of the concern, and is of the greatest assistance to the officers of the mine in enabling them to locate and describe particular points and parts of workings and specific kinds of work. Again, in the proper segregation and differentiation of mine-accounts, when they are carried out with that detail which will furnish ready information concerning the cost of a particular piece of work, or the various items and totals of expense connected with the, development,, operation and repair of each or all of the mine-workings, some such method of designation becomes a necessity. . Moreover, such a plan is admirably adapted to the needs of the mining engineer, who, in connection with his reports upon mining-properties, is sometimes required, in his descriptions of certain blocks of ore, to locate lists of assays of samples taken from many and various places, and to designate workings and parts of workings that are located in different parts of the mine, sometimes at points wide apart.

May 1, 1906

By W. Myron Davy

For more than a decade the use of the metallographic microscope, by mining geologists, for examining ores has been increasing and conclusions founded upon examinations made by it are found in several recent professional papers of the United States Geological Survey as well as in our technical publications. But most mining men have been slow to realize the positive value of this instrument in their daily work. The reason for this condition is not hard to find. The varied applications, the simplicity of preparation, and the methods of studying a polished section of ore have not been widely published. Papers in technical periodicals have been profusely illustrated by photographs of such sections, special refined methods of procedure for laboratory work have been described, and complete and detailed schemes of identifying the ore minerals have been published in book form.1 But simple and easily applied directions and, what, is more important, light, compact, and inexpensive equipment have not been available. The simplest microscope obtainable is intended for laboratory use and is much too bulky for the average field equipment; at present it costs about one hundred dollars for the instrument alone. Methods previously described for polishing specimens have necessitated electrically driven lap wheels, which are found only in permanent installations. It is small wonder that the examining mining engineer, field geologist, resident engineers, and mill men have looked upon the subject as being too involved for the field and have assigned it to the laboratory investigator. The writer has been interested in this question for some time from the viewpoint of his own work. Being handicapped by the difficulties enumerated, he has designed an outfit that has proved very useful. It is described here and its. applications shown in the hope that it may be of equal value to others, and that a start will be made toward popularizing

Jan 8, 1920

By R. J. Sweigard

Three case studies were undertaken to investigate the role of land use potential evaluation in reclamation planning and to determine the impact of regional differences on the evaluation process. The three surface mines studied were representative of operations in the Appalachian, Interior, and Northern Great Plains provinces. The scope of the investigations included a survey of regional characteristics, a detailed investigation of the mining operations and site conditions, and an assessment of local land use planning activities in the area of the mine. Special attention was given to key factors that presently determine the use of reclaimed land. Also, for each case study, the postmining land use potential was evaluated using site planning principles. Specifically, the environmental, economic, and social impacts of several potential postmining land use plans were considered.

Jan 1, 1983

By Eggleton R. A, Taylor G

As the search for major orebodies continues, the regolith dominated areas of the Broken Hill region remain one of the major exploration frontiers. The past exploration philosophies emphasising bedrock related characteristics have been limited in their ability to effectively explore in the regolith dominated areas, that are a feature of most of the Broken Hill region (Figure 1). If mineral exploration is to be more effective across all of the Broken Hill region, particularly in the regolith dominated areas, an appreciation and increased understanding of the regolith and landscape features are a necessity. Ironically, there have been very few studies of the regional regolith and landscape features of this region. Owing to the previous lack of an established regolith-landform framework, this study initially concentrated on the general characterisation and variation in regolith types corresponding to the area of the Broken Hill Block, within NSW (Willis, 1989; Stevens, 1986). The approach has been to produce a regional regolith-landform map at 1:100 000 scale and conduct a complimentary program of regolith sampling and site descriptions. This was a basis to identify areas for more detailed regolith-landform mapping (1:25 000 scale) and for producing a regional stratigraphic framework and models for landscape and regolith evolution. This information can then be used to provide a basis for regional mineral exploration models and strategies. This paper highlights some of the regionally significant regolith-landform features and their general significance to mineral exploration. More detailed information on specific regolith-landform features and study sites may be found in Hill et al (1994; 1996; in press) and Hill (in prep).

Jan 1, 1997

By John E. Callahan

"A stream sediment geochemical survey covering an area of 13.000 sq. km near Churchill Falls. Labrador. was conducted for Brinex (British Newfoundland Explorations Ltd.) prior to partial flooding by the Churchill Falls power project. Stream sediments (minus 80-mesh) were analyzed for Cu, Pb, Zn, Ni, Ag, Mo. U and Mn, and the heavy mineral, nonmagnetic fraction (minus 60-mesh) for Cu, Pb, Zn, Ni, Ag, Mo, Ba and Mn. A binocular examination of the concentrates for sulphides and pyrope garnet was done on the heavy mineral concentrates. The concentrates were also examined for fluorescent minerals.Two distinct areas with high trace-element values indicate the need for follow-up studies. The first is in an area of gabbro erratics containing massive and disseminated sulphides (pyrrhotite, pyrite and minor chalcopyrite) on the western edge of the survey area along the Esker Road. The second, largest area (several hundred square kilometres) is anomalous in U and Mo and associated with felsic intrusives (Red Wine Complex?), syenites. granite gneiss and sedimentary rocks (Seal Lake Group?).The binocular study showed that almost 15% of the heavy mineral concentrates contained pyrite and no other sulphides. This indicates that this technique may be worthwhile in determining the presence of sulphide minerals in stream sediments from glaciated environments. The only fluorescent mineral observed in the study was zircon."

Jan 1, 1981

By B. Stimpson, K. Kosar, K. Barron

"A number of high wall failures have occurred in some of the Alberta coal strip mines of a type called by the authors ""Multiple block plane shear slope failure "". They cause rapid deterioration of the dragline bench, reduced productivity and maintenance costs.The failures are invariably associated with the presence of almost horizontal (± 5 degrees) bentonitic clay bands in the overburden, often immediately above the coal seam, and regress behind the slope as a series of tension cracks which isolate detached blocks. As many as 17 sets of cracks have been observed, at lateral distances in excess of five times the slope height from the toe.The theory of this mode of failure is presented and a limiting equilibrium computer program which will produce deterministic or probabilistic (Monte Carlo) solutions is briefly described. A case history of one such failure is documented. It is shown that the extent of the regressive failure is exceedingly sensitive to the water table elevation, leading to the conclusion that drainage, if practical, represents the best control strategy. IntroductionA number of high wall slope failures are occurring in some of the coal strip mines in Alberta of a type called by the authors ""Multiple block plane shear slope failure""(I). These failures cause a rapid deterioration of the bench from which the dragline operates, reduced productivity, and necessitate conregresses into the slope as a series of tension cracks and detached blocks. As many as 17 prominent cracks or crack zones have been observed, the last being in excess of five times the slope height distant from the toe.The block between each pair of cracks must be at limiting equilibrium, i.e. the factor of safety equals one. This condition can be used to determine the locations of the cracks which develop in sequence behind the face."

Jan 1, 1986