Search Documents

By P. Leo

The Al-Zn-Mg alloys (e.g. 7004, 7020) are employed for land transport and architectural applications whereas the Al-Zn-Mg-Cu alloys (e.g. 7075, 7050) provide the high strength aircraft alloys. The Cu gives rise to suitably sized and distributed precipitation but causes high quench sensitivity. Their hot work processing also has marked differences; the Cu-free alloys have good extrudability whereas the Cu-bearing alloys have low extrudability and are difficult in rolling as well. The behaviors of the two classes are described in terms of flow stresses and ductility over 300 - 500°C, along with constitutive contrasts. The ductility of the alloys with Cu is much reduced above 400°C by precipitation of a phase at the grain boundaries that can be avoided by suitable heating schedules. The high strength alloys are subject to de-lamination corrosion of sheared edges due to severely pancaked grains; this can be alleviated by holding between passes, in mid-rolling schedule. In torsion tests at 10-1 to 10 s-1/ 250 - 500°C, the stresses (ductilities) at 300°C/ 1s-1 and activation energy Q for 7004 were 118 MPa (2) and 262 kJ/mol. The 7075 was tested after several pretreatments: completely over-aged (softened): 107 MPa (5), Q=150 kJ/mol; whereas, solution and quick cooling to testing caused extraordinarily high peaks related to dynamic precipitation resulting in 160 MPa (1.2), Q=300 kJ/mol.

Jan 1, 2011

By H. J. McQueen

The irregular history of Mg wrought products is briefly described. The temperature and strain rate dependence of microstructural evolution, flow stress and ductility of Mg alloys in hot working, are described. The flow curves rose rapidly to a peak stress which was lower as temperature T rose and strain rate e declined and above 300°C the curves extended into plateaus until failure. Clearly grains not oriented for slip undergo mechanical twinning in the initial stages (a 0.15) at all temperatures. Basal slip proceeds in suitable grains and in the twins. The stress concentrations at grain and twin boundaries lead to slip on non-basal systems and to the formation of subgrains with greater dynamic recovery (DRV) at higher T or lower e. With increasing strain, misorientation builds up resulting in dynamic recrystallization (DRX) first at twin intersections and later at grain boundaries which have become quite serrated. Even after extensive straining at high temperatures, the new grains are found mainly along the boundaries of the original grains, leaving their centers with only basal slip except when nucleation at twins leads to completion of DRX throughout a grain. Despite similar shear modulus and melting point to Al, hot mechanical forming behavior of Mg alloys differ due to differences in crystal slip systems, twinning, and second phases. Moreover, the influences on forming of alloy additions (solutes, segregation in casting, dispersoids, precipitation) and impurities are not as well catalogued as for Al. Despite the benefits from dynamic recrystallization, varied grain orientation effects, heterogeneous substructures and the resulting stress concentrations result in considerably lower ductility for Mg alloys at the same stress level as for Al materials. Application of these theories to extrusion, rolling and forging and the effects on product properties are surveyed.

Jan 1, 2006

By K. A. Clark

SEPARATION of the oil from the bituminons sands of the Athabaska area of Alberta has been a subject of study by the Research Council of Alberta. The results of the study have been published in the Annual Reports of the Council. However, the last Annual Report in which there is mention of bituminons sand separation is that for 1934. The attention that is being directed toward the bituminons sands at the present time calls for an up-to-date summary of the work of the Research Council of Alberta on the hot-water separation process. STATEMENT OF FUNDAMENTALS OF HOT-WATER PROCESS Studies of the hot-water separation process have been largely empirical in nature. The objective sought has been a complete recovery of oil from the sand in the form of a separated oil which, itself, is free from mineral matter. Various procedures have been tried in the hope of attaining this objective and a very considerable mass of observations and background of experience have been acquired. lt is rime that a theory for hot-water separation should commence to emerge. As a start toward the formulation of such a theory, the statements which follow regarding the constitution of bituminons sand and its reactions with water and air are presented. It is not pretended that they are entirely correct, but it is believed that they lie not far from the truth. (1) Bituminons sand is an aggregate of sand, clay, oil, and water. The sand consists mainly of quartz particles of 100 ta 200 mesh size and smaller, but also of particles of other minerais including mica, rutile, ilmenite, tour-maline, zircon, spinel, garnet, pyrite, and lignite. Clay occurs interbedded with the bituminons sand, of which, also, it is a constituent. lronstone nodules of all sizes up to eight inches in diameter are likely to be present in the bituminons sand beds. The oil is viscous, naphthenic, and of a specific gravity slightly greater than that of water. The oil content ranges up to, and sometimes even exceeds, 17 per cent by weight. Rich bituminons sand from beds not invaded by water has a water content of 3 to 5 per cent by weight. The water is probably present as a film around the sand particles. The oil surrounds the moist sand grains as an envelope. (2) Water wets quartz and other siliceous minerals more readily than does mineral oil. Consequently, water tends to displace the oil film surrounding the quartz and other siliceous particles when the bituminons sand is mixed with water. Whether the oil is completely displaced depends on the properties of the water. That is to say, the materials dissolved or suspended in the water modify its wetting properties.

Jan 1, 1944

By Andreas Gaich

COMBINED 3D IMAGES _ Highly detailed 3D geometry _ Identification of fine fractures together with a general impression of the situation _ Dealing with unfavourable outcrop geometries

May 1, 2009

By J. E. Udd, L. B. Geller

"Mine-shaft wire-rope discard regulations include, among other criteria, a limited amount of permissible loss-of-breaking-strength (LBS). Currently, this parameter is estimated on the basis of non-destrutive-testing (NDT) with electro-magnetic (EM) type instruments. This paper analyses the accuracy with which these estimates have, so far, been obtained in practice.It concludes that while certain types of testers have produced better results than others, the desired accuracy level has not been attained. Also discussed are the putative reasons for this situation, and appropriate actions that the mining industry might wish to take."

Jan 1, 1990

By L. K. Smith, C. R. May, K. R. Schrag, H. Buchwald

"New contracts for 65 million long tons of coking coal valued at over $900 million, over the next 15 years, herald the rebirth of Alberta's coal industry. The industry is optimistic that export orders may reach 20 million tons per annum by the mid-1970's. Coal will be extracted from underground and surface mines and it is expected that the total labour force will double from the present 1,200 men within the next two years. Ali the health hazards associated with coal mining are likely to be encountered and it will be incombent on the Provincial Department of Health to specify the standards which relate to health and environment where no such standards have previously existed. This paper examines some of the problems which are being encountered in setting up an environmental health program and reviews the practicability of environmental monitoring methods, with special reference to respirable dust."

Jan 1, 1969

By John Smith

"The RTZ Corporation PLCFrom a company's point-of-view, a good investment decision is one which results in the purchase of an asset that is worth more than it costs. Thus, in order to judge the merit of an investment opportunity, it is necessary to estimate the value of the assets to be acquired.Discounted cash flow (DCF) analysis has become widely adopted by companies in assessing potential new investments. The principle is a simple one: invest in projects which have a positive net present value, and reject those which do not. However, perhaps because of its apparent simplicity, DCF analysis is frequently misused. Good practice in the use of the technique is discussed, together with several common misconceptions.Sound analysis requires sound data; thus, the valuation process relies heavily upon a wide range of specialists to provide the basic input from which cash flow forecasts can be built up. The analyst must maintain close liaison with these specialists from the outset in order to ensure that the data provided is indeed relevant and complete.IntroductionBefore turning to the main subject of this paper ""How Companies Value Properties"", it is of interest to consider first a slightly different question ""Why do Companies value Properties""? In other words, for what purposes are such valuations prepared? Certainly the commonest, and probably the most important circumstance in which a valuation is required is when the company is considering an investment opportunity. This may be the direct purchase of a property or group of properties from a third party, but could also be the opportunity to develop a new operation or expand an existing one.A very simple objective in making any kind of investment is to make our shareholders richer than they would otherwise have been. That is, to make investments whose value to shareholders exceeds the consideration required to acquire them. Thus the investment decision focusses on the difference between an asset's value and its cost.This distinction between ""value"" and ""cost"" is an important one. Study of a company's balance sheet may tell a lot about the cost of this company's assets, but very little about their value. Then again, it is sometimes argued that a business should be bought because this will result in assets being acquired for less than their replacement cost. This merely compares one cost with another, it says nothing about value."

Jan 1, 1991

By M. Matthias

A study, part of a doctoral dissertation (Matthias, 1991), was conducted during 1987 and 1988 to establish the means by which professionals assess and maintain their competence during the various stages of their careers. The study elicited responses from fifty-nine subjects representing engineering, pharmacy and medicine (twenty subjects from engineering, nineteen from pharmacy and twenty from medicine) on their perception and assessment of continuing competence. The findings revealed a wide variation of how professionals perceived their continuing competence and the means they adopted to keep current. The implications of the study are significant for adult education practice and theory building. The author strongly believes that now, more than ever, engineers must take ownership of their careers and professional development activities. While management and supervision have a key role to play, it is the engineer, who is ultimately responsible for the scope, planning and implementation of her/ his professional development needs. An example from one high technology company will illustrate these points.

Jan 1, 1999

By K. Musgrave, E. Solis

"This paper tells the story of how the Dome Mine in South Porcupine increased its maintenance effectiveness and reduced its maintenance costs in two phases. In the first phase, a maintenance audit was conducted, and the results led to some changes that improved maintenance, especially in the underground equipment area. The audit methods, and the changes made will be reviewed. In the second phase, management made changes in the maintenance organization and methods, following a prolonged strike during which management operated the mine. These changes were in part the result of insights learned from their hands-on operating experience. IntroductionEarly in 1989 the Dome Mine of Placer Dome Inc. in South Porcupine, Ontario, decided to improve the effectiveness of the Plant Department. The Plant Department was centralized, except for a mill mechanical crew, and serviced all operations, a townsite of 120 houses, a curling rink, and an arena. The department also operated the powerhouse, the hoists, the mine dry and provided mechanical/ electrical engineer services.At that time the Dome Mine, located in the east end of the city of Timmins and Canada's first large gold mine originally discovered in 1909, was producing about 3500 tons of ore per day with about 742 employees. Over the 83 years of continuous operation of Dome over 50 million short tons of gold ore have been processed. The Plant Department consisted of 156 hourly and 24 staff employees. At present, the mine is producing 4000 tons of ore per day with a total of 341 employees on the payroll. The Plant Department consists of 80 hourly-rated and 18 staff employees."

Jan 1, 1993

By Robert Walker

Agenda ? Investment thesis ? Engagement ? Competitive advantages Corporate engagement ?The ESG Services team carries out engagement activity with the companies in the Ethical Funds portfolio on behalf of investors ?Each year about 50 companies (20% of our assets) are placed on our Focus List based on assessment of significance and severity of ESG risks and the extent of our portfolio exposure ?We engage in direct discussions on material ESG issues ranging from climate change to human rights to executive compensation ?This enables the team to gain insight into how management is addressing various risks to the business and encourage positive change where gaps exist

Aug 1, 2013

By Sergio Fuentes

During the past fifteen years, mines utilizing the block caving method have improved performance and systematically reduced total mining costs. This paper describes improvements in mine design, mine planning and mine management, including methods enabling the Chilean and International mining industry to ensure cost savings and productivity growth while using the block caving method. These improvements have encouraged the re-evaluation of underground operations at operating and closed open pits, and challenge surface mining applications as the only low cost mining method. This paper describes a strategy to estimate the optimum open pit to underground transition time during the life of a mine.

May 1, 2003

By B. Adams, T. Angelov, G. Sasov, D. Steinhilber, A. L. Tsekov, S. Neufeind

A complementary ion exchange/solvent extraction process for the recovery of copper from low- grade ores is described. It has successfully been implemented on a full-scale plant level at the Buchim Copper Mine in Macedonia, yielding a maximum copper cathode production of 2400 tons per year. Compared with conventional SX/EW operations, this technology makes the exploitation of low-grade copper ores economically attractive, due to reduced operational and capital expenditures. Furthermore, the additional Lewatit® ion-exchange installations diminish the volumes of harmful organic substances in the following SX step and minimise the risks associated with the handling and usage of these chemicals, such as environmental pollution or fires. Finally, the significantly diminished quantities of liquids for the SX operation have a tremendous effect on the footprint of the plant (ca. 50% less) thereby leading to a reduction of capital expenditures. This paper reviews the main stages of the combined IX/SX process, the applications for metal recovery and introduces projects where the process is applied. Key findings of the process are also presented. A comprehensive technical comparison between processes has been carried out. This paper also evaluates the advantages of using combined IX/SX technology as a purification and separation step in copper production process, with the aim of further increasing the overall copper recovery and to ensure that a suitable copper concentration in the advanced electrolyte is achieved. The implementation of a Ion Exchange (IX) process in the classic Solvent Extraction-Electrowinning process(SX/EW) is found to be beneficial for processing of pregnant leach solutions both from spent and new copper heaps and dumps, acid mine drainage and other industrial streams without any preconditioning as well as in terms of achieving improved recoveries and copper cathode quality. INTRODUCTION The concentration and separation of copper from primary leachates is one of the key operations in the hydrometallurgical processing of oxide ores (Langner, 2011). Conventionally, this basic operation is conducted by submitting the pregnant leach solution (PLS), with a 1–5 g/L Cu content, from the initial sulfuric acid leach to a solvent-extraction (SX) process in which copper reports to the organic phase. After phase separation, the metal is stripped from the extractant/diluent mixture employing sulfuric acid to furnish a concentrated metal solution, usually containing 40–50 g Cu/L. The final products of the overall process are copper cathodes, which are obtained from a terminal electrowinning step.

Jan 1, 2019

By Konstantinos Modis

According to recently established theoretical analysis and under certain conditions, a critical sampling density can be determined for an earth-related space-distributed natural variable. Sampling above this critical limit adds little to the mapping results. The objective of this paper is the application of the above theory to the Sesklo clay quarry in Greece, where Heracles General Cement Company had conducted a sampling campaign to estimate its reserves. The structural analysis of Al2O3 values generated a variogram model, from which the critical sampling density was identified. This critical number was by far lower than the existing sampling density. Clay reserves were then estimated using geostatistics and inverse distance squares in different data schemes with variable densities. The results of the comparisons between the various models revealed that, when the sampling density was greater than its critical value, geostatistics and deterministic interpolation gave similar estimations, which is also in agreement to the theory. The optimal sampling grid finally proposed here, will result to significant cost savings in the next drilling program which is now in plan by the company.

Oct 1, 2009

By Brian Hall

For some years, the mining industry has been consistently delivering returns below the market average. One of the causes is a disconnect between what is perceived to drive value creation by many industry analysts and senior corporate executives, and what actually drives the intrinsic value of mining operations. The perverse effect is that strategies that should increase value are perceived to have the potential to drive share prices down, and vice versa. This paper challenges common perceptions of what drives a mining company?s value. Anecdotal evidence suggests that the key drivers of value in the market, and hence in many boardrooms, are such things as increasing the reserves and production rate, and reducing unit operating cost. However, while the quoted reserves may satisfy ore reserves reporting code requirements to be economic, this does not imply that they are optimal. Often, a proportion of the quoted reserve reduces the potential value of the operation. Metal price increases, increased production rates, and operating cost reductions are all seen as conditions or actions that can improve value, and lead to cutoff grade reductions, thereby increasing ore reserves. However, modern cutoff theory and studies conducted by the author and his colleagues show clearly that, while breakeven cutoff grades will fall in these circumstances, optimum cutoffs may be much less volatile, and may even increase. Results from case studies indicate that value is maximised by right-sizing, not maximising, the production capacities, and by optimising the cutoff strategy. Values of many existing underground mining operations can be increased significantly by a substantial cutoff grade increase. Also, an increase in downside risk, and hence reduced returns, can occur using typical life-of-mine planning strategies if prices received are lower than predicted. Since this is often the case, low industry returns may be a direct result of typical strategic mine planning processes. Relatively simple cost-effective techniques are available to provide senior decision makers with information needed to assess the tradeoffs between their many conflicting corporate goals, and the balance between risk and reward. Often this information is not being generated at all. If it is, decisions affecting the value of the company are occurring by default at relatively low levels within the hierarchy, with senior executives apparently unaware of them or their potential impact. The paper concludes that without a re-evaluation of the way mining projects are valued, to demand proven value optimisation from mining plans by boards and mining analysts, the industry will continue to deliver below average returns.

May 1, 2003

By Thomas R. Larson

"Many concentrators use re-circulating “plant” water for dilution in their flotation circuits. However, if crusher dust suppressants, ball mill grinding aids, or even agitator bearing grease are introduced into this water, and the water itself is not subject to cleaning steps, then sufficient quantities of these chemicals may appear in the flotation cells and begin to impact the flotation separation. A bench flotation procedure has been coupled with statistical analysis in order to estimate the impact of small quantities of non-flotation chemicals on flotation performance.INTRODUCTIONCleveland Cliffs produces iron oxide pellets for blast furnace feed, and is developing the capability to produce ferrous metallic products to supply a wider customer base. Cliffs manages five North American iron mines, including the Wabush mine sites in Labrador and Quebec. Based on various characteristics of the ore bodies, the flow sheets of the five mines are diverse. For example, Hibbing Taconite uses magnetic separation alone as their primary upgrading method, but Northshore and Empire use magnetic separation followed by flotation, and Tilden uses flotation alone. Last but not least, the Wabush concentrator upgrades primarily with gravity and electrostatic separation techniques.At Northshore, concentrate from the magnetic separator circuit is fed to a reverse flotation circuit. By design, the magnetic separators operate at the highest possible recovery of magnetite, as the separator tails are discarded, and relatively high silica content was acceptable to Northshore’s customers. As the steel-making industry moved toward lower and lower slag volumes, the silica content in the magnetic separator concentrate became a problem. The flotation step was added in the late 1980s in order to decrease the silica assay of the magnetic separator concentrate to meet the current customer requirements. In this setting, the flotation feed stream contains very little silica that occurs as liberated quartz particles. As the degree of liberation of the flotation feed stream is then a limiting factor for silica removal, the online grind control then was linked to flotation in the overall plant control system so that grind can be adjusted to achieve improved liberation if necessary for the flotation process."

Jan 1, 2002

By Greg Barnes

Agenda ? The Mining Stock Life Cycle ? Current Environment ? Valuation ? Golds ? Valuation ? Base Metals ? Case Study ? Quebrada Blanca Hypogene Commodity Investment Cycle ? Macro-Economic Indicators ? LME Inventories ? watch the trend; rising inventories ? bad for prices, declining inventories good for prices ? OECD Leading Indicators ? PMIs ? Purchasing Manager Indices ? Industrial Production ? more important for metals consumption than GDP ? Housing Starts ? US, Europe ? Auto Sales ? All things China ? metal imports/exports; SHFE inventories; SRB stockpiling ? Seasonality ? it does play a role ? What is Chris Dutton (TDSI Quantitative Analyst) saying?

May 1, 2010

By F. Sorenson, P. A. Castellarini, F. Garbarino, M. N. Garcia

"Recently, significant efforts to improve productivity from the tight intervals of the Mulichinco Formation within the Sierra Chata Field in the Neuquén Basin have been ongoing. Because conventional high quality reservoirs were being developed in this field, a proper reservoir understanding and completion approach was applied. After developing these high permeability reservoirs, the operator began evaluating the tight intervals and new areas within the field, but a completely different approach was necessary to achieve motivating production improvement.An extensive study to help enhance reservoir understanding and identify key factors controlling productivity of these tight intervals (which tend to be in the range of 5 µD) has been ongoing. Some of the issues discussed in this study are 1) petrophysical review, 2) rock properties calibration, 3) geomechanics understanding, 4) faulting and micro faulting/lineaments description, 5) stimulation and completions review and, 6) understanding key production drivers.As in many other tight reservoir projects, a considerable area of the reservoir must be effectively stimulated during the hydraulic fracturing process to achieve economic productivity. Two critical issues hinder these objectives. First, the low permeability in addition to a pore pressure close to or even lower than hydrostatic are critical characteristics when attempting to flow back the well and clean up fractures. Second, very high horizontal stress anisotropy resulting from a strike slip stress regime promotes the generation of simple planar bi-wing fractures. It is well-known that this fracture geometry will contact much less reservoir area compared to more complex fractures, as the operator would normally intend to create at very low permeability reservoirs.This paper discusses these issues and how they were addressed. A pilot drilling and completion program was initiated during 2012 to validate this study. Key factors include well location relative to formation unconformities, their orientation relative to the far field principal stresses, hydraulic fractures generated, and overall completion design."

Jan 1, 2015

By W. R. Middagh, R. M. Garvey

"Phosphate rock is shipped by boat from Florida to Vancouver, B.C., where it is unloaded and stored in a 50,000-ton silo. It is shipped from Vancouver in 100-ton hopper cars in 80-car trains to Fort Saskatchewan. Both the ship and the hopper cars are on a back-haul with potash. The rock cars are unloaded at Fort Saskatchewan at a rate of approximately 4 cars per hour. The rock is stored in three concrete silos, 40 ft in diameter by 110 ft high, which hold 18,000 tons of recoverable rock with 2,000 tons dead space. The rock is reclaimed from the silos by gravity and fed to the phosphoric acid plant by remotely operated conveying equipment.Problems encountered in the operation include scheduling the rock shipments, contamination of the rock with potash, and handling the 80-car trains both in Vancouver and Fort Saskatchewan."

Jan 1, 1968

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By L. L. Bolton

The Department of Mines as at present constituted has evolved from the organization which came into existence following the passage of the Geology and Mines Act by the Dominion Parliament in 1907. At the outset, it may be said that it is not a function of the Department of Mines, nor of any of its branches, to administer the mining rights vested in the Crown. The title to Crown lands in the provinces of Nova Scotia, Prince Edward Island, New Brunswick, Quebec, Ontario, and British Columbia ( with the exception of certain specified areas, such as Indian Reserves, Ordnance Lands, the Railway Belt of British Columbia, and the Peace River Black) is vested in the respective provincial governments ; the title to Crown Lands in the provinces of Manitoba, Saskatchewan, and Alberta, the Yukon and Northwest Territories, and in the Canadian Arctic, is vested in the Dominion Government, and matters pertaining thereto are (with a few exceptions) administered by the Department of the Interior, Ottawa. Nor are statistics of mineral production at present collected and published by the Department of Mines. This function did belong to the Geological Survey from 1886 to 1906, and to the Mines Branch from 1907 to 1920; but commencing with 192l this duty was transferred to the Dominion Bureau of Statistics, consequent upon the decision of Government to place the collection of all statistics under the direction of one officer.

Jan 1, 1929