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By Gordon Sparks, Lyle Kajner

"An often over-looked component in the assessed value of a mining property is the value derived from the ability of the operator to limit financial losses during adverse economic times (i.e. low market price, high energy prices, etc.) by suspending operations. Overlooking the value of this type of operating flexibility when conducting mine investment analysis may negatively bias the risk profile for the investment by over estimating the investment's downside potential, thereby effectively undervaluing the investment. This paper illustrates the nature of the value of operating flexibility and discusses how it may be explicitly quantified within the context of conducting stochastic mine investment analysis. IntroductionMining properties are evaluated using an array of techniques ranging from simplistic non-discounted payback calculation s to sophisticated, discounted-stochastic simulation. Stochastic simulation analysis is perhaps the most robust mine investment analysis technique as it not only provides an estimate of the expected value of the property, but also quantifies the associated risks (for examples of stochastic mine investment analysis, see: Billingsley and Yaychuk, 1986; Gentry and O'Neil, 1984; Munro, 1977; or Harris, 1970).The quantification of risk is important as it provides the necessary yardstick required to allocate the corporation's resources efficiently. Resources are said to be allocated efficiently when the corporation's expected long-term financial reward is maximized while at the same time minimizing its risk (see Hertz, 1968; or Markowitz, 1952 for in depth discussions on efficiency as it relates to investment policy). The efficient allocation of resources should be the objective of any rational corporation. Therefore, rational corporations should employ stochastic evaluation techniques when screening their investments."

Jan 1, 1992

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments.A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including reasonable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects."

Jan 1, 1990

By Claudia Gasparrini

"Factors affecting the extraction of gold are of a mineralogical nature. Knowledge of the mineralogy of the ore or metallurgical product to be treated, if appropriately combined with the metallurgical test work, may improve gold recoveries. .This paper outlines the mineralogical techniques f or the study of gold ores and metallurgical products and describes the gold mineralogy in relation to its metallurgy. An effective plan for studying refractory and other difficult ores, combining metallurgical test work, chemical analysis and mineralogy and capable of giving positive results over relatively short periods of time, is suggested.IntroductionFactors affecting gold recoveries are of a mineralogical nature and include (i) the gold-bearing minerals, (ii) their grain size and, particularly where the grain size is very fine (10 microns in diameter and less), (iii) their host minerals and (iv) the association these form with the gold-bearing minerals.Mineralogical studies of gold ores and metallurgical products containing gold in economic amounts (today down to 1/10 of one ounce per tonne or 2.84 ppm) are difficult and time consuming. Mostly because of such reason, metallurgical testing (test work) is usually done simply by trial and error without understanding the causes for failure or success.Mineralogical studies, if appropriately conducted and combined with the test work, provide an efficient mean s of improving recoveries through the understanding of gold losses derived from the use of the wrong technique for separation. The information they provide is therefore the first step in the development of recovery techniques, for those ores where the test work alone failed to produce positive results."

Jan 1, 1983

By M. H. Leite, R. Corthésy, D. E. Gill

"La connaissance des contraintes naturelles qui prévalent dans les massifs rocheux est un prérequis indispensable pour la conception sécuritaire et économique des excavations comme on en retrouve dans les exploitations minières souterraines. Certains chercheurs se sont attardés à colliger les résultats de mesures de ces contraintes et les ont utilisés pour produire des modèles de prédiction basés sur leur traitement statistique. Ces modèles de prédiction sont très populaires auprès des exploitants miniers puisqu’ils permettent, du moins dans les étapes préliminaires de design, d’obtenir de façon s’apéconomique mais approximative, une partie des paramètres dont ils ont besoin. Dans le cadre d’un projet initié en 1994 avec la collaboration de l’IRSST, il a été décidé de produire un modèle de prédiction englobant une partie de la zone périphérique de la faille de Cadillac, soit une zone plus restreinte que le Bouclier Canadien utilisé jusqu’ici comme région pour l’élaboration de tels modèles. Pour produire ce modèle de nouvelles données obtenues avec une technique permettant d’exercer un excellent contrôle de qualité ont été ajoutées à celles déjà disponibles. Une telle régionalisation des données de base permet d’obtenir un modèle où les intensités et les orientations des contraintes principales sont beaucoup moins dispersées que ce que rapportent les modèles publiés jusqu’à ce jour. Enfin, il est démontré que le modèle proposé pour la région étudiée est en toute probabilité plus sécuritaire que les modèles plus généraux publiés à ce jour. Knowledge of the in situ state of stress existing in a rock mass is essential to the safe and economical design of underground mining excavations. Prediction models have been published, based on the statistical treatment of stress measurement results. Such prediction models are very popular among mine operators because they allow them, at least at a preliminary design stage, to economically obtain part of the information needed, even if this information is approximative. In 1994, a research project financed by IRSST was initiated aiming to produce a prediction model that would comprise a peripheral zone around the Cadillac fault. This region is more confined than the Canadian Shield on which the existing prediction models have been based up to now. In order to produce such a model, existing stress measurement results have been used in conjunction with new stress measurements that have been performed based on a technique which allows full control of the quality of the measurements. Restricting the data upon which the model is based to a more specific region gives a model in which the intensities and the orientations of principal stresses are far less scattered than the results published to date. Finally, it is shown that the proposed model is probably safer for the studied region than the models previously published."

Jan 1, 1998

By Xuanxue Mo, Zengqian Hou

"Yidun Island Arc in Sanjiang Region is one of the important Kuroko-type volcanogenic massive sulfide deposits (VMS) districts in southwestern China. Tectonically, the region is situated in the eastern portion of the Tethys orogenic belt, and is a late Triassic extensional island-arc. The island-arc underwent earlier arc construction, intra-arc rifting, later arc construction and backarc spreading during its evolution and formed a complete trench-are-basin system, i.e., the Ganzilitang suture zone, forearc basin, outer are, intra-arc rifting zone, inner arc and back-arc basin from east to west across the island-arc.Kuroko-type VMS deposits and occurrences discovered so far are limited to within the intra-arc rifting zone of the Yidun Island Arc and tend to occur in groups or clusters distributed in separate faultbound basins; e.g., Zengke, Gacun and Xiangcheng basins, in which submarine volcanic rocks, especially bimodal volcanic suites, were extensively developed. The VMS deposits formed in the waning stages of volcanic eruption in the late Triassic and are hosted in the uppermost section of acidic volcanic rocks (rhyolitic-dacitic) within a bimodal suite. The orebodies are associated with these host rocks: rhyolitic-dacitic pyroclastic rocks and exhalites and chemical sedimentary rocks.All VMS deposits in Sanjiang are of the Zn-Pb-Cu type. The architecture of the deposits is twofold, consisting of concordant lenses and layers of massive sulfides and an underlying discordant stockwork. All deposits show metal zoning. The hydrothermal alteration related to mineralization is strong and asymmetrical, and is found dominantly within the stockwork zone and host rocks surrounding the ores. There are two alteration patterns: (1) chloritization - sericitization - silicification from outer sides to core of the alteration pipe; and (2) silicification + sericitization - silicification + carbonate from the lower to upper part of the alteration pipe.The mineralization temperatures of ore-forming fluids vary in the range 200°C to 335°C. Thermal evolution of the fluids displays temperature profiles that first increase and then decrease with progression of mineralization processes. The majority of black-ore minerals (Groups I and informed during intensifying stages of hydrothermal activity, and the majority of semi-yellow-ore minerals (Group III) formed during a thermal maximum. There followed the formation of fine-grained black-ore minerals (Group IV), which interacted with barite layers during decreasing temperature phases.Oxygen and hydrogen isotope studies show that the sources of ore-forming fluids for the Kurokotype VMS deposits are two-fold: seawater and magmatic hydrothermal solutions, represented by the Kuroko deposits in Japan and Kuroko-type VMS deposits in Sanjiang, respectively. In the latter case the hydrothermal solutions reacted with host rocks and mixed with cold seawater percolating downward, and circulated through volcanic rocks resulting in development of alteration zones and formation of ore minerals in Kuroko-type VMS deposits."

Jan 1, 1993

By G. Lucas

"Material substitution occurs continuously in response to competitive and economic pressures. Technical development can accelerate or slow substitution by improving the performance of the invading or defending material. The choices are seldom simple and have to be made in the context of continuous commercial change.The development and commercialization of a new aluminum material is examined. The material has been introduced into· several different markets, so it is possible to compare and contrast the degree of success obtained in each.IntroductionAluminum-based materials have been in use for over one hundred years and , therefore, the development of a new family of alloys is rare. In the early 1970s, Dr. L.R. Morris and his coworkers at Alcan' s Kingston Research Centre started work on what was, at the time, something of a scientific curiosity-a family of alloys strengthened by an unusual mechanism.This paper deals with the development and commercialization of what became known as the Alcan 255 alloys"". These alloys have found uses in several markets, usually as improved substitutes for existing materials. Forecasting the usefulness of a substitute material in an existing marketplace is difficult, in part, because even material users are seldom able to specify precisely their requirements. This uncertainty can cause the failure of some substitutions but can also lead to opportunities which were not initially obvious.Technical BackgroundPure aluminum is a soft, weak material. It can be strengthened by the addition of various alloying elements and by work hardening. Alloying elements usually act by forming solid solutions which are stronger than the pure metal or by precipitating during heat treating or aging and so preventing the easy movement of dislocations during deformation. Elements which can perform either role had been investigated for decades and were thought to offer little chance of technical breakthrough in 1970. An outgrowth of the then new and exciting research on directional solidification seemed, however, to offer such promise.Some aluminum-iran-manganese alloys will solidify under certain conditions as 'coupled growth' eutectics (Figs. I and 2). The microstructure shows one phase growing as long rods through the other. This is an uncommon structure and it was investigated to see if it had equally unusual properties. On deformation by rolling the rods were broken up into small equiaxed , evenly-spaced particles (Fig. 3). Materials with this structure were found to be stronger than other alloys with similar amounts of alloying addition, and to resist thermal softening remarkably well. This combination of properties was thought initially to be due directly to the particles by a dispersion strengthening mechanism, but later this was found not to be strictly true."

Jan 1, 1987

By R. Gordon, J. Palich, W. Qian

The EarthProbe DCIP system deploys tightly spaced electrodes connected to a centralized data acquisition system that enables arbitrary selection of current and potential electrodes through relays. Rapid data collection (approximately 1000 readings per hour) and advanced signal processing allow for efficient use of conventional and novel arrays and the removal of natural and cultural noise. What is unique about the system is its electrode and borehole cable design, which allows seamless integration of borehole and surface measurements. EarthProbe operates in four configurations - surface, borehole, borehole-to-borehole, and surface-to-borehole (a variant of the borehole-to-borehole configuration).

Jan 1, 2011

By H. J. Meyer

"A hydrostatic elevation difference meter has been developed for use in measuring elevations along gravity traverses. Elevations of stations 100 feet apart can be obtained at a rate of 1/2 mile per hour and to an accuracy better than 1/3 foot. This can be done along traverses which have not been cut and chained. The instrument is durable, lightweight and constructed of materials which will withstand any temperature encountered in field work.It is believed that this device will more than double the rate at which gravity surveys over mining prospects can be carried out."

Jan 1, 1972

By Matthew Violot

Introduction ?Located off highway 6, approximately 5 km, SW of Thompson, Manitoba ?Base metal mine: Nickel? Maximum Depth: 4100 ft ?Started Production in 1966 (INCO, 2006)?Halted in 1978?Re-opened in 1989 ?Two types of mining:?VBM (vertical block mining)?Cut and Fill 1.1 Problem ?Birchtree mine is experiencing failures and undesirable dilution in some of their stopes. ?Time can have a large effect on open stopestability. ?Birchtreeis interested in how time is affecting the stability of their stopes. ?The study focuses on the lower 84 complex, which extends from 2750 to 4100 foot level.

Nov 1, 2011

By W. Geslin

Backward extrusion process is a metal forming process, which limits the manufacturing?s extra thickness when compared with classical die forging technique. Because of a lack of alloy?s mechanical behavior knowledge, the basic strategy of design is as follow: ?Definition of a small scale blank ?Performing experiment in order to get useful process data ?Improvement finite element simulation conditions ?Development of the full scale blank forming process (design of tools,...) using the finite element simulation A comparison between the result of modeling and the experimental data has been done to validate the finite element simulation.

Aug 1, 2010

By D. Embury

The construction and utilization of oil and gas pipelines is a vital aspect of the Canadian economy. The evolution of materials for this application can be considered as part of an evolutionary process in which the processing of the materials is linked to the design requirements of the pipeline. The evolution of both materials and designs will be considered in terms of parameters such as yield strength, work hardening characteristics including strain path changes such as the Bauschinger Effect and toughness. The final portion of the presentation will consider the possible uses of non-metallic materials, composites and 'smart 'systems in pipeline construction.

Jan 1, 2005

By Kenneth L. Graham

Horizontal directional drilling from existing underground workings will greatly reduce, if not replace, surface exploration drilling. Diminishing ore reserves along with increasing difficulty in acquiring access and permitting of drilling surface holes requires a change in procedure. The length and direction of the required long holes is site specific, but once determined could be quickly mobilized. Data would be available for a much more timely evaluation without any surface disturbance and required reclamation issues. Preplanned directional drilling from underground will also provide an evaluation of already inconsistent uranium deposits located under surface terrain that is inaccessible to surface drilling.

Aug 1, 2010

By B. S. Riess

A novel design for an automated uranium pellet stacking system is presented. This system is designed as a drop-in solution to the current production line to enhance the fuel pellet stacking process. The three main goals of this system are to reduce worker exposure to radiation to as low as reasonable achievable (ALARA), improve product quality, and increase productivity. The proposed system will reduce the potential for human error. This single automated system will replace the two existing pellet stacking stations while increasing the total output, eliminating pellet stacking as a bottleneck in the fuel bundle assembly process.

Aug 1, 2010

By A Frostick

Ranger uranium mine is surrounded by the World Heritage listed Kakadu National Park and offsite impacts resulting from mining at Ranger would affect the Magela Creek catchment first. Radionuclides, lead isotope ratios and metal concentrations were measured in sediment cores from the Magela Creek catchment around Ranger to investigate the dispersion of mine-derived particulates. The study found a localised area within the Ranger mineral lease, where upper sediments had elevated levels of radionuclides and trace metals and radiogenic Pb isotope ratios. There is no current evidence of sediment dispersion from Ranger further downstream within the Magela Creek catchment.

Aug 1, 2010

The Daly-Judge Tunnel, begun in 1887 to drain mine workings, is now a source of potable water for the Municipality of Park City. The water is exceptionally clean; however, when roof falls occur, suspended solids levels become too high and water from the tunnel cannot be used in the treatment plant. In 2001, the tunnel was inspected and rehabilitated to ensure that the water supply for the 2002 Winter Olympic Games would be uninterrupted. Twenty-five timber tunnel sets were removed, and 86 steel sets were installed. Timber lagging was installed or replaced over about 230 m (750 ft) of tunnel length.

Jan 1, 2006

By Navid Bahrani

Introduction ? Today?s economic market is motivating underground mining companies to increase development advance rates and enhance their NPVs. ? For example, block cave mining involves development of kilometers of drifts with multiple pillars. ? The cyclic nature of drill and blast, and its inherent tendency to damage the surrounding excavation rock mass and increase support demand often result in poor advance rates ? This has motivated mining companies to replace the conventional drill-and-blast as the main excavation method with alternative methods such as mechanized excavation. ? There is little experience with mechanized or non-explosive excavation methods in hard rock metalliferous underground mining.

Oct 1, 2010

By K. C. Lahiri, H. P. Das, G. G. Sarkar

"The petrographic components of any particular rank of coal often show some distinct physical and chemical characteristics. Therefore, their pro-portionate distribution in a coal greatly influences the technological behaviour of the coal.In any size or gravity separation of a coal, the petrographic constituents become segregated to different degrees in some preferred size or specific gravity range. Therefore, a knowledge of the petrographic nature of the washed and/or screened fractions is often considered essential in selecting the most efficient method for coal preparation and in exploring the proper evenues for its utilization.A graphical method is described in this paper to indicate the mineral-matter content and the petrographic components of the washed fractions of a coal at different ash levels of separation in the form of a new washability diagram. This diagram can be conveniently used to assess or predict the petrographic composition of clean coal or sinks corresponding to any desired ash level in the cleans. With the help of this diagram, it is also possible to locate the yield level of cleans at which maximum enrichment of vitrinites and exinites occurs with the least amount of mineral-matter content."

Jan 1, 1971

By László Guczi1

Nanosize model gold particles with varying size were fabricated by deposition of a 10 nm thick gold film onto SiO2/Si(100) substrate by electron beam evaporation followed by modification using low energy Ar+ ion bombardment. The change in particle size were monitored by the Au 5d valence band states determined by ultraviolet photoelectron spectroscopy (UPS). The gold/iron oxide interface was studied by iron oxide deposition on gold. It was found that the energy profile of Au 5d valence band states are strongly redistributed with decreasing the gold particle size mostly affecting at the lowest and at the highest binding energies. The size effect in the UPS spectra can be interpreted by the energy redistribution rather, than by narrowing the 5d states. The iron oxide deposition increases the catalytic activity in CO oxidation whether it is on gold nanoparticles or on a continuous 80 nm thick gold film. The activity enhancement is significantly larger in case of gold nanoparticles. The interface interaction is operative in enlargement of the catalytic activity even if gold particles are not exposed to the surface, but they are located below the iron oxide layer.

Oct 1, 2003

By I. Yarita

Magnesium alloys have the lowest density among the metals in practical use, and have properties such high specific strength, electromagnetic interference shielding and good vibration damping. Thus, there are many applications of these materials in automotive and electric parts. However, there is a little use of the products of metal forming of these materials because of poor plastic deformability in the normal temperature range and their high cost of production. To expand the range of application of products manufactured by metal forming, rolling technology for producing thin sheets having good mechanical and surface qualities is required. In this study, hot-rolled Mg-alloy sheets are experimentally rolled with or without lubrication in the temperature range from 293 K to 523 K. Rolling force, plastic deformability and surface quality are investigated, and the grain structures and their uniformity are observed. The effect of friction between the roll and the deforming material on the uniformity of the grain structure is discussed. Moreover, rolled materials are annealed and their mechanical properties are investigated by the tensile test and compared with those of as-rolled materials. The effects of the rolling conditions on the mechanical properties are discussed.

Jan 1, 2006

By J. Stumper

The control of the distribution and movement of liquid water is crucial for increased reliability and durability of PEM fuel cells: whereas the proton exchange membrane requires a minimum amount of liquid water for optimum operation, water excess in the GDL will impede reactant gas access to the catalyst layer thereby reducing performance. In order to understand the relationships between water management on one hand and fuel cell performance and durability on the other, Ballard has been developing a number of minimally invasive techniques that can throw light on the role of liquid water for both cell performance and durability. This paper introduces a novel measurement method that can provide information about the amount and distribution of liquid water under operation. It is shown how the MEA Resistance and Electrode Diffusivity (MRED) method can be used to determine i) the amount of liquid water in the fuel cell, ii) the pure ohmic cell resistance and iii) the O2 -diffusivity of the cathode. Furthermore, through a combination of the MRED method with current mapping it is possible to determine spatially resolved MEA resistance profiles.

Jan 1, 2005