Search Documents

By Reinhold Schnell, Piers Wendlandt, Nathan Rouse

Drilling and blasting are key components of every hard-rock (i.e.,metal/nonmetal/coal) mining operation. Well-executed and maintained drilling and blasting can have a major positive impact on the overall success of such operations. This case study presents the implementation of a new drill and blast engineer position and systematic improvement of the drill and blast operations at a surface metal mine. The findings of and lessons learned from this case study can be applied toother mine operations to improve safety, production, efficiency, and cost savings. Focus areas for the project included refined communications, operational practices and procedures, planning, designing, and data collection and analysis. This case study showed improved efficiency in communication and planning among the engineers, operations team, and contractor groups over the course of the project. An increased awareness of long-term plans and needs for the drills and blasters reduced or eliminated existing delays. Test blasts that implemented new drill and blast designs and updated operational practices and procedures were tested to streamline the process. Constraints regarding explosive product shipments, geological considerations, and a uniform powder factor provided the basis for new blast designs.

By Volker Vogt, Wolfgang Sand, Eberhard Gock

"For about 20 years, the use of bacteria to control the flotation process for the production of raw material concentrates has been the subject of worldwide scientific and engineering efforts. The objective is to reduce the consumption of biologically non-degradable toxic reagents. The principle idea is to use the activity of bacteria in natural leaching processes – known since the middle of the last century – for controlling flotation processes.It was discovered that the selective activity of bacteria during the extraction of raw material concentrates by means of flotation could also be achieved with extracellular polymeric substances (EPS), excreted by bacteria. EPS, which is extracted by means of centrifuging bacterial cultures, can help to significantly reduce the use of cyanides, approximately 200,000 t/a are used for ore dressing today.The bacterium used was Acidithiobacillus ferrooxidans. In order to identify the bandwidth of the oxidation activity, 21 bacterial strains of the strain collection of the University of Hamburg were attracted to iron(II) sulfate and pyrite under defined conditions. All strains oxidized iron(II) sulfate ten times faster than pyrite.EPS has so far been derived from four strains. In general, EPS extracts are divided into a hydrophilic and a hydrophobic fraction. The hydrophilic fraction is composed of e.g. fucose, rhamnose and glucose; fatty acids such as dodecanoic acid, hexadecanoic acid, octadecanoic acid and nonadecanoic acid were found in the hydrophobic fraction. Pure mineral phases and mineral mixtures were used for the flotation tests. The outcome was reproducible results with technical flotation machines. The research results known so far are mainly based on investigations with micro flotation devices, which are usually used for the characterization of reagents and which do not allow a direct translation to the technical scale."

Jan 1, 2003

By Christian J. Sorensen, Christopher Armstrong, Andrew Matejunas

A team consisting of junior and senior mechanical engineering students at New Mexico Tech worked on the design of an explosively loaded vessel, with a maximum load of 15 grams (0.53 oz) TNT equivalent explosive. The main challenge presented was to meet the stringent sample positioning specification of 3 microns in two Degrees Of Freedom (DOF) and one degree of rotation in a third DOF. This is to accommodate precise sample placement in a tight x-ray beam, and to bring areas such as explosives/metal interfaces into magnified field-of-view photography. This presentation describes the process and design decisions to arrive at the final product presented to LANL in December 2014. Our engineering analysis techniques will be reviewed, including use of American Society of Mechanical Engineers (ASME) Boiling & Pressure Vessel Code (BPVC) Code Case for Impulse Loaded Pressure Vessels (ASME BPVC Code Case 2564-3). Also discussed will be integration of Hydrocode computer models with Finite Element Method analysis.

Jan 1, 2015

By F. Habashi

The changes that took place in China between 1984 and 2004 are remarkable. Visits were made to universities, research institutes, metallurgical industry, and many cultural centers within five trips during this twenty years period. The impressions of these visits are outlined.

Jan 1, 2007

By A. C. Fieldner

ONE of the important functions of the Bureau of Mines is the, analysis of coal from every coal-mining State and Alaska. These analyses are being published for use of Government officials and the public. In connection with analytical data showing composition and quality of coals of the States, consumers, Producers, and the general public will be interested in a brief description of the geologic structure of the coal basins, typical mining conditions in the several districts, and the principal economic data of the industry. These publications have therefore heel) designed to include such features to present concisely the principal facts regarding occurrence, reserves, duality, characteristics, production, and uses of coals of each producing State.

Jan 1, 1952

By Michael I. Brittan, Craig M. Sams

"Economies of scale and the variable characteristics of many large ore deposits have resulted in grinding installations using very large SAG mills fitted with variable speed drives. Low-aspectratio single-stage SAG mills were introduced in South Africa to process the consistent gold bearing Witwatersrand quartzites. Elsewhere, circuits were patterned after the more conventional North American circuits with high-aspect-ratio SAG mills followed by ball mills. This paper provides information on two recent Gold Fields group installations covering both types of SAG mill in large, single-stage applications. While these operations process similar tonnages, the mills represent opposite ends of the aspect-ratio spectrum. The Tarkwa mine in Ghana employs a low-aspect 27’ x 42’ 14MW SAG mill. The St Ives mine in Australia operates a conventional 36’ x 18’ 13.4MW SAG mill.INTRODUCTIONGold Fields is one of the world’s largest gold producers with annual production of approximately 4.2 million ounces. The Gold Fields group has operations in South Africa, Ghana and Australia, along with numerous exploration sites and advanced projects in several other countries. This paper discusses new milling operations in Ghana and Australia.TarkwaThe Tarkwa Gold Mine is located in Ghana, West Africa, approximately 350 kilometers west of the capital city of Accra (Figures 1 and 2). The site conditions are tropical with an average annual rainfall of 1,930 mm and a maximum temperature of around 35°C."

Jan 1, 2006

By Rainer Kahrger

This paper is a follow-up to the paper presented at the SME meeting in April of 1996. Since then, the El Abra facility has been started up, 9 months ahead of schedule, and has processed about 45 million tons of ore and produced over 700 million pounds of copper. For those unfamiliar with the El Abra materials handling and leaching facilities, a brief overview of the facility is provided. The paper will then deal in detail with such aspects of Conveyor 103, the long regenerative overland conveyor, including: actual running resistance starting and stopping procedures emergency brake test at 10,000 t/h Additionally, we shall take the opportunity to report on a catastrophic culvert collapse in October 1996, which stopped the conveyor abruptly at full speed and under high load condition, causing a belt breakage. We would like to use this opportunity to thank the management of El Abra and Cyprus Amax for providing assistance and allowing us to present this paper. The El Abra team deserves a great compliment for building this one billion dollar facility in record time in a remote area of a high-altitude desert with no existing infrastructure, and for bringing it so quickly up to full operating capacity. The El Abra management had to assemble a completely new operator team. Considering the above circumstances, it took a great effort by all involved to achieve success. The official performance test which was required by the lending banks was successfully concluded in November 1997.

Jan 1, 1998

By Armin W. Stuedlein, Youssef Bougataya

Early stage design of driven piles primarily relies on static analysis based on one or a combination of total and effective stress approaches, the latter known as the method to estimate axial capacity. A database of 85 piles driven in the Puget Sound Lowland region and monitored at End of Driving (EOD) and Beginning of Restrike (BOR) was compiled along with capacities estimated using the CAPWAP procedure. Established soil profiles based on borings with standard penetration tests (SPT), cone penetration tests, and geologic maps were matched with their corresponding unit shaft resistance profiles from the CAPWAP procedure and resulted in more than 1,200 observations. In this study, eight new models were developed to predict the coefficients at EOD and BOR, based on the corresponding USCS categorization. Each coefficient model is formulated using a three-parameter exponential function, calibrated to capture the profile of coefficients with depth. These models could benefit the designer by providing them with a simple, empirical model that accounts for soil type and setup in a smooth, continuous function with depth. A parallel analysis was performed to assess the accuracy and variability of the formulated prediction models to facilitate implementation in load and resistance factor design (LRFD). INTRODUCTION The design of the axial capacity of driven piles during the planning stages of a project is typically based on a static analysis approach. The goals of this approach are to predict the components of capacity, consisting of the shaft and toe bearing resistances, and to assess project concept feasibility and preliminary lengths. In most cases, this analysis is based on empirically-developed methods, such as the total stress method, also known as the method (Tomlinson 1987) or the effective stress method known as the method (Esrig and Kirby 1979; Fellenius 1991). Many other methods, such as those based on in-situ test results exist and rely on correlations of blow counts from the standard penetration test (SPT), and cone tip and sleeve friction resistance from the cone penetration test (CPT), to shaft and toe pile resistances (Schmertmann 1978; Meyerhof 1976; Nottingham and Schmertmann 1975; Nordlund 1963; Eslami and Fellenius, 1997; De Ruiter and Beringen 1979). Although these methods were generally developed using data from specific geological regions, they are often recommended in national design manuals (e.g., FHWA, Hannigan et al. 2006).

Jan 1, 2018

By Haijian Shi, Drew Pizzo

This article focuses on the appropriate application of subsurface investigation methods for transmission structures, which are typically designed to resist lateral rather than vertical loads. Currently, the three methods used most often for the subsurface investigation of transmission structures in the field are the Standard Penetration Test (SPT), the Cone Penetration Test (CPT), and the Flat Dilatometer Test (DMT). Each of these methods has advantages and disadvantages, and each is more applicable to some scenarios than to others. To gain a better understanding of these test methods and the implications of using them for various kinds of applications, a comparison study was conducted in the field in Maryland, for three boring locations. Each boring location was explored using each of the three tests as stated. The results of the tests and lessons learned are presented and compared, and these comparisons show that the three test methods agree on the majority of the findings. The results from each test method were also used to derive key parameters such as the soil friction angle for given foundation designs considered in order to establish a clear basis for comparison. Recommendations for performing transmission structure subsurface investigations are made in order to optimize the use of each method and thereby optimizing subsequent foundation designs. INTRODUCTION For overhead transmission structures, the most important structural requirement for determining the foundation design differs from the requirement for other structures such as buildings and bridges in accord with the conditions the transmission structures will need to withstand. In addition to the ability to bear a given vertical load consistent with its use, the foundation must bear lateral loads arising from wind and other weather conditions. The foundation types used most often for overhead transmission monopole structures include concrete drilled pier, vibratory caisson, and direct embedment. In order to determine an appropriate and even an optimum foundation design for any given set of conditions, an appropriate subsurface investigation method or approach is needed. Currently, the standard penetration test (SPT), the cone penetration test (CPT), and the flat dilatometer test (DMT) are the three most commonly used subsurface investigation methods.

Jan 1, 2018

By Cristhian C. Mendoza, Renato da Cunha, Bernardo Caicedo, Max Barbosa

"Abstract This paper shows that a raft alone is not sufficiently appropriate to address the uncertainty of underlying soil variability; therefore, a piled raft system is a better option for mitigating such uncertainty. To study the variability of soil, the behavior of the Piled-Raft Foundation was analyzed with a type of self-drilling micropiles: the ""Alluvial Anker"" (common name for this pile type in Brasilia city). These micropiles have been used in the city and have the advantage that the drill pipe also serves as reinforcement. The studied parameters belong to an elastoplastic constitutive model for strain-stress analysis of soil; variability of these parameters can be intrinsic and/or epistemic. Simulations were performed for a hypothetical Piled-Raft Foundation subjected to vertical loading using the random finite element method. The average parameters of the constitutive model were obtained through laboratory tests. The simulations of the load test were compared with results of a real scale experimental test conducted exclusively for this work in the field. It is analyzed the relative importance of the variability of some geomechanical parameters and their variation with depth is considered. In addition, it is discussed a comparison between the uncertainty of the geomechanical parameters and the uncertainty of the results of the vertical loading test. Finally, this paper shows that a decrease of the safety factor may occur when taking into account the variability of the parameters.IntroductionBrasilia is located in a highly weathered residual tropical soil (lateritic & latossol on pedogenetic concepts). This soil presents high content of alumina and iron due to the lixiviation process of the upper layers. As a consequence, the cemented structure is highly unstable and it can generate strong changes of volume (i.e. collapse) due to changes in both moisture and state of stresses. Therefore, a greater understanding of the construction of Piled-Raft Foundation systems on this particular soil conditions is needed – especially because it covers more than 80% of the surface area of the Brazilian Federal District.Thereafter, this work investigates the influence of the variability of the soil parameters over the uncertainty of the Piled-Raft Foundation design. The studied parameters belong to an elastoplastic constitutive model for strain-stress analysis of soils. The simulations were performed for two hypothetical Piled-Raft Foundations subjected to vertical loading by using the stochastic finite element method. The results were compared to real load tests in Piled-Rafts with “Alluvial Anker” pile types."

Jan 1, 2014

The schlieren technique describes an optical analysis method designed to enhance light distortions caused by air movement. The ability to visualize air flow has significant implications for analyzing underground mine ventilation systems, including the enhancement of surveys and models. Currently, traditional schlieren methods are impractical underground. Background oriented schlieren (BOS) provides a solution to this problem. BOS requires two primary components, a professional quality digital camera and a schlieren background. A schlieren background is composed of a varying contrast repetitive pattern, such as black and white stripes. This background allows the camera?s sensor to capture minor light diffractions, such as those caused by air flow. Although BOS shows great potential for ventilation analysis, sensitivity is an issue. This paper seeks to validate the BOS technique for imaging flow through a regulator by comparing BOS images with traditional schlieren images. This paper also outlines initial experimental efforts used for the validation.

Jan 1, 2011

By R. R. Hornor, Harry E. Tufft

The purpose of this bulletin is to point out some of the benefits and economies to be derived by selecting, preparing, storing, preserving, and utilizing mine timber more carefully and to give some specific information on certain preservatives and processes suitable for mine timber.

Jan 1, 1925

By K. Oraee

A comprehensive, harmonic and sustainable development has always been a real concern of state policy makers. To reach such development, regional planning is an approach which is widely applied. This paper deals with policies adopted by a given country with rich mineral deposits, in order to accomplish a mining growth as well as economic development in relatively poor regions. In this regards, first, some worldwide experiences belonging to China, with large scale mining operations and Nigeria with a small scale mining industry, are studied. The mining industry in Iran is then considered as a case study. The study continues by categorizing and prioritizing Iranian regions based on their mining potential and the degree of development, using statistical analysis and Taxonomy and AHP techniques. Results obtained serve to provide recommendations as to where capital investments in the mining industry would produce highest returns. The approach used, together with the practical policies suggested in this paper, can be used to adapt appropriate strategies for mining development in a way that contributes to regional development and a more effective income distribution.

Jan 1, 2012

By D. Loring, J. Almgren

Climax Molybdenum Company’s Henderson Mine is a large panel caving molybdenum mine located about 43 miles west of Denver, Colorado. Three Joy M120-72-880 fans are installed in parallel on the No. 1 exhaust shaft. Throughout the mine’s history, ventilation changes such as the completion of the No. 5 exhaust shaft have decreased the utilization of these fans. To optimize fan performance they have been run with the full complement of 16 blades, down to as few as four blades. Since the completion of ventilation upgrades associated with the Henderson 2000 project, one surface fan has been operated under normal conditions with 10 or 12 blades. With the completion of a new network model of the Henderson ventilation system, a tool was built to develop fan curves for possible future fan configurations and predict future fan performance. This paper describes the tool and its use at Henderson.

Jan 1, 2007

By Karen C. Armfield, Gisele R. Passalacqua, Joanna Smith

When selecting a solution for improving resiliency at facilities, such as airports, utility and transit sites, there are many options to protect structures and equipment against potential flooding. Each case involves an evaluation of the several key factors such as: design flood parameters, the geography and geological conditions below the site, the facility, and the layout of buildings and equipment to be protected. Upon reviewing these conditions and conducting a cost analysis of various options, the most suitable approach to protecting a facility can be determined. This paper will compare the conditions at various New York City sites, and give detail to the solutions utilized at these sites to improve resiliency and protect each facility. Flood wall types varied as did the strategies for raising critical equipment, to meet the Federal Emergency Management Agency (FEMA) and American Society of Civil Engineers (ASCE) 7 guidelines. Due to granular soil conditions, some sites may experience soil seepage below the flood wall resulting in the need for underground cut off systems. The authors will also present detail regarding the solutions used to control seepage. Various cut off systems will be discussed such as grouting and sheeting, explaining the factors that may impact the choice of systems. Another consideration in flood resiliency is the potential for a buoyancy condition on basement slabs when localized flood barriers are employed on first floor doors and windows. The authors will discuss the potential impacts of this condition on facilities and methods to mitigate this issue. 1. INTRODUCTION New York City is an urban coastal Metropolis with varied geology and low land areas. This includes but is not limited to sandy soils at Coney Island and the John F. Kennedy Airport. Soft marshes are found near Flushing Queens and LaGuardia Airport. Heavy rains and coastal storms caused disruption to daily life and heavily affected the economy of this vibrant City. For instance, in lower Manhattan business was interrupted in the Financial District. Power outage was widespread; commuter trains and subways were stopped and put out of service. Additionally, numerous residential homes were damaged in Coastal Neighborhoods such as the Far Rockaways and Staten Island. 1.1. Superstorm Sandy Flood Statistics On October 29, 2012 Superstorm Sandy impacted numerous facilities in the New York City Metro area. The resulting damage cost New York City more than $42 billion in repair costs. $33 billion was allocated to repair housing and infrastructure, and $9 billion was allocated to protect transit systems1. One of the major issues that impacted the city in terms of its preparedness was the high flood surge. The surge surpassed the former base flood elevation and reached as high as 13.88 feet (above mean lower low water - MLLW) in Battery Park at 9:24pm that evening. Tottenville, Staten Island experienced more damage where the water was recorded at +16 (North America Vertical Datum of 1988 - NAVD88), which is equivalent to 18.7 feet above MLLW (see Fig. 1). Not only was the surge at record levels, the waves in New York Harbor were also at record level where some buoy stations recorded waves of up to 32.5 feet. The City released “A Stronger, More Resilient New York” in June 2013, a plan laid out to rebuild communities impacted by Sandy and improve the resiliency of the infrastructure and buildings in New York City. Figures below help to illustrate the extent of the inundation relative to the projects being discussed.

Jan 1, 2018

By Keith Merriam, Jim McDonnell, Peter Radziszewski, Rob Rotzinger, Ian DeHart

"Taseko Mines Limited Gibraltar copper-molybdenum mine recommenced operation in 2004 with the initiation of a series of development projects to increase throughput capacity as well as modernize the mine.In the second staged development project, a VTM-1250-WB regrind mill was selected to replace the existing conventional ball regrind mill to achieve a target grind size of 80 % passing 45 µm. In the third staged development project, a second VTM-1250 regrind mill was selected for installation in Concentrator #2, to match the existing Concentrator #1 Vertimill. This resulted in approximately 25% spare regrind capacity in the Concentrator #2 design, complete spare parts interchangeability and potential future expansion capacity to 50,000 t/d with no circuit upgrades.In this context, a study was initiated to assess not only the performance of a Vertimill grinding circuit processing a copper concentrate to a particle size of 80% passing 17 µm but also to provide Taseko’s New Prosperity project specific design information for grinding to particle sizes below 80 % passing 25 µm.The objective of the work described in this presentation was to explore Vertimill ultrafine (sub 100 µm) grinding test methodologies at both the lab and pilot scales, compare the scale-up data with operational data from the VTM1250 at Gibraltar Mines and subsequently apply this information to particle sizes down to 80% passing 17 µm. The presentation will describe the results obtained preceded by a description of the Gibraltar regrind circuit historical operation and operational performance as well as a description of the Vertimill technology.INTRODUCTIONTaseko Mines Limited is a mining company headquartered in Vancouver, British Columbia, Canada. In addition to mining development projects for copper, copper-gold, gold, and niobium properties, Taseko Mines is seventy-five percent owner and the operator of the Gibraltar Mine near Williams Lake , British Columbia. Taseko Mines Limited’s Gibraltar copper-molybdenum mine recommenced operation in 2004 with the initiation of a series of development projects to increase throughput capacity as well as modernize the mine.Metso is a leading process performance provider, with customers in the mining, oil and gas, and aggregates industries. It has corporate headquarters in Helsinki Finland, offices in 50 countries and manufacturing facilities on five continents. Amongst other types of equipment and services, Metso designs and manufactures VERTIMILL® (VTM) Grinding Mills."

Jan 1, 2015

By V. D. Jalevsky

A new methodology of an experimental-analytical approach has been developed. It is used in building an information geomechanic monitoring system for the modeling of geomechanic processes during coal seam working. The approach synthesizes experimental (in-situ) measurements of rock pressure manifestation in separate points, methods of numerical modeling of processes on rock boundaries with coal, and a seam analytical calculation of rock mass in a spatial strained state. One of the realizations of this approach is the developed theory and calculation method of adjoining rock surface shift (overhang) formation during underground working of sheet deposits and of rock mass geomechanic state determination. There are description algorithms of cavity configurations with broken lengths of faces during underground working of useful mineral sheet deposits. These algorithms have been used in computer modeling of formations of adjoining rock surface overhangs and abutment pressure upon rock mass in the area of coal faces with irrectilinear longwalls. Peculiarities of surfaces shifts and stress allocation are established for different face schemes. The use of theory and methods alloww working out techniques of automatic control to receive processing algorithms of RPM measurement results and calculate geomechanic situations within panels in the process of planning and development as well as during mining, i.e., to carry out long-term prediction, in-line control, and short-term prediction of rock pressure manifestations.

Jan 1, 1996

By Q. G. Reynolds

Keywords: Pyrometallurgy, furnace, DC, reverse polarity, dual-electrode The dual-electrode direct current (DC) arc furnace uses two graphite electrodes, one connected as cathode, and one as anode. Such an arrangement avoids some of the design difficulties associated with the anode hearth traditionally used in single electrode and twin-cathode DC furnaces, but can introduce other design and operational difficulties including deflection of the arcs toward the furnace walls. Counter-intuitively, both arc jets in a dual-electrode furnace travel from the electrode down to the bath surface, despite carrying electric current in opposite directions ? this is suggested in the theory of the governing equations of arc formation, and confirmed by experiments using high-speed photography. The dual-electrode arc system at small pilot-plant scale is studied using a transient magneto-hydrodynamic model capable of predicting arc deflection and interaction from first principles, and the results are compared to the behaviour of twin-cathode systems at similar power. Finally, a simple arrangement of the furnace busbars, M configuration, is shown to provide some passive protection against arc deflection.

Jan 1, 2011

By Bin Tang, Suping Yao

In the last decade, the copper industry in China has developed rapidly and attracted the world’s attention. The production capacity of refined copper has grown remarkably from 4.578 million tons in 2010 up to 9.029 million tons in 2018, accounting for about 40% of the global refined copper production. And now, China has become the biggest refined copper producer in the world. This paper summarizes the application of modern copper metallurgical technologies such as Outotec flash smelting/converting technology, Cyclone smelting technology, TSL (ISA/Ausmelt) smelting/converting technology, Jinfeng side blown smelting and Baiyin side blown smelting technology, Chifeng side blown smelting and continuous top blown converting technology, SKS bottom blowing technology, Dongying two-step smelting technology, copper electrorefining with high current density, etc. in China’s copper industry, analyzes and compares the characteristics of those technologies and presents the great efforts of China’s copper smelters in adapting to the increasingly strict emission standards and improving economic benefits of copper smelters. INTRODUCTION China has been the biggest refined copper producer in the world for many years. China produced million tons of refined copper in 2018, accounting for 40% of the copper smelting production in the world, and of which, roughly, 70% of the copper concentrate was imported, mainly from Chile, Peru and Australia. ICSG (International Copper Study Group, 2017) shows clearly the position of top 20 countries of copper production and copper mine production (Figures 1 and 2). Blast Furnaces, Reverb Furnaces and Electric Furnaces dominated China Copper Smelting for quite long time till 1980s. The first modern copper smelting technology (flash copper smelting) was introduced into China in 1980s, then followed by Noranda, Ausmelt and ISA. Since then, China copper smelting technology stepped into modern time. Since 2000, old processes (Blast Furnace, Reverb Furnaces and Electric Furnaces) were phased out and replaced by modern smelting technologies. China Copper Production has been increasing dramatically (Figure 3).

Jan 1, 2019

By A. Bascetin

One very important aspect of mining is deciding what material in a deposit is worth mining and processing, versus what material should be considered waste. This decision is summarized by the cut-off grade policy. The cut-off grade strategy for an open pit mine influences the annual cash flows and affects the net present value of a project. The optimization of cut-off grade strategy requires the knowledge of detailed operational costs, mining sequence, mining operation, processing, and product constraints, as well as the grade distribution of a given deposit defined by pit, phase, and different material types. Cut-off grade optimization algorithms have been developed in the past. The most common criteria used in cut-off grade optimization is to maximize the net present value (NPV). This paper describes the determination of a cut-off grade strategy based on Lane?s algorithm adding an optimization factor based on the generalized reduced gradient (GRG) algorithm to maximize the project?s NPV. The introduced algorithm is a windows based program developed at Virginia Tech that is based on a series of Visual Basic routines within a spreadsheet environment (Excel).The benefits of the methodology are demonstrated using a hypothetical case study. Keywords: Cut-off grade optimization, net present value maximization, generalized reduced gradient algorithm method.

Jan 1, 2007