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By S. M. J. Mirazimi, F. Rashchi

Recovery of vanadium from LD (Linz-Donawits) converter slag was evaluated by means of microbial leaching. Vanadium leaching was performed in two stages. In the first stage, the bacteria were grown in a culture medium and in the second stage; vanadium containing slag was added to the metabolites produced by bacteria. Bioleaching was performed using heterotrophic bacteria Pseudomonas Putída. Control tests without bacteria inoculation were also performed and the results were compared with bioleaching outcomes. Optimal conditions for the bioleaching of vanadium containing slag were determined.

Jan 1, 2011

By Wenxue Chen

This paper presents a new type of bolt with full thread and uniform strength, and fabricated with a Glass Fiber Reinforced Polymer (GFRP) bolt-making machine designed by the authors. The mechanical performance of the new bolt is assessed with strength tests conducted with the bolt in acid, alkaline and saline water conditions, with increasing concentration. The purpose is to test the new GFRP bolt?s mechanical performance in harsh conditions, especially metal mines with acid or alkaline environments. Comparison of the color, weight, size and antistatic ability of the GFRP bolt before and after it is immersion in solution is presented. Changes in tensile and shear strength, torsion, and anchoring force were evaluated in the laboratory. The results show that the mechanical properties of the GFRP bolt are more sensitive in alkaline than in acid and saline water. However, the loss ratio of mechanical properties of the GFRP bolt is very small according to the results of tensile and shear strength, torsion and anchoring force. The new bolt can be useful for applications in acid or other harsh mines.

Aug 1, 2013

By F. D. Ford, Z. Dai

"Vale’s Ontario Operations re-introduced Cu/Ni separation at Clarabelle Mill in 2006. The mill processes ores from a number of mines in the Sudbury basin. A saleable Cu concentrate is produced at 30-60% Cu recovery from mill feed, which has to meet the quality specification. In particular, Ni content in Cu concentrate must be less than 0.6%, otherwise, penalties will apply and diminish the value of Cu concentrate, in addition to the lost Ni value. Generally, a Ni grade of less than 0.4% is obtained in Cu concentrate. More recently, while processing Cu-rich ore, Cu concentrate contained more than 0.6% Ni which is abnormally high. Detailed mineralogical investigation shows that Cu-rich ore contains more millerite in comparison to typical Sudbury Ni sulphide ore. Millerite is found to be more floatable than pentlandite and is much more difficult to depress using high-lime aeration conditioning, which is the standard practice in Cu/Ni separation to float chalcopyrite while depressing pentlandite. The current operation uses sodium cyanide at 20 g/t to depress pentlandite and pyrrhotite. However, it is found that a high dosage is required to depress millerite. It is also shown that starch and dextrin are promising in millerite depression.INTRODUCTIONPrior to bulk smelting in 1991, Cu/Ni separation was carried out at Vale’s Copper Cliff Mill, Ontario Operation. The typical Cu concentrate grade was around 30% Cu and 1% Ni. This is very high in comparison to today’s value of 0.4% Ni and would not be acceptable for external processing. However, the Cu concentrate was processed internally at the Copper Cliff smelter/refinery, so the Ni contained in Cu concentrate was not lost and no actual penalties applied. During the SO2 abatement initiative, bulk smelting was chosen because of the perceived simplicity and consequently, Cu/Ni separation was eliminated (Agar, 1991) and the Copper Cliff mill was subsequently demolished. In 2005 and after more than one decade of bulk smelting, business changes required the removal of some Cu concentrate from Clarabelle Mill bulk concentrate to provide smelter capacity for Voisey’s Bay concentrate in the Copper Cliff smelter. In essence, this strategy calls for Cu removal at Clarabelle Mill (Lawson, 2006). In this case, Cu concentrate is sold externally and it must meet the quality requirement of less than 0.6% Ni."

Jan 1, 2011

By C. A. Jeffrey, K. Pearson

Abstract - The Croft diorite in central England belongs to a suite of Caledonian igneous rocks collectively known as the South Leicestershire diorite complex. Although the intrusions occupy separate outcrops, they are linked at depth to form a single pluton, buried beneath a cover of Triassic sediments (Le Bas, 1972; 1982, Allsop and Arthur, 1983). Both the Caledonian diorites and the overlying sub-Triassic unconformity have been affected by a complex history of alteration and mineralization which can be subdivided into four stages: (1) deuteric effects, caused by the release of volatiles during magmatic cooling; (2) albitization through sodic enrichment; (3) formation of lowtemperature laumontite, analcime and calcite veins with associated wall-rock alteration to prehnite and pumpellyite; and (4) sub-Triassic unconformity-hosted base metal, manganese and palygorskite mineralization. Zeolite mineralization occured some 200 Ma later than the intrusion itself, during post-Triassic times, as indicated by the presence of a single vein of laumontite and microcrystalline calcite which cross-cuts the sub-Triassic unconformity surface and enters the overlying Triassic sediments. Evidence from fluid inclusion work indicates that two fluids were involved in the deposition of the zeolite veins. One fluid was initially of relatively high temperature (~100°C to 320°C) and low salinity (~0.2 to 5.9 wt% NaCl equiv.), and was probably meteoric in origin, whereas the other was of relatively low temperature (~41°C to 165°C) and high salinity (~0.4 to 16.72 wt% NaCl equiv.), and is interpreted to represent a basinal brine. During Triassic rifting, thinning and fracturing of the crust, with the possible rise of associated magmas (Halliday and Mitchell, 1984), could have increased permeability and heat flow, initiating the circulation of hydrothermal fluids. Triassic unconformity-hosted base-metal mineralization in Central England is similar to other Triassic-Jurassic mineralization in Europe (Mitchell and Halliday, 1976).

Jan 1, 1997

By U. Erb, L. Monaco

"Electrodeposited nanomaterials are increasingly implemented in advanced industrial applications in the aerospace, automotive, defence, electronic and energy sectors due to their outstanding physical, chemical and mechanical properties, including increased strength and wear resistance, and superb magnetic properties. As with the development of any class of new materials, the corrosion behaviour of these electrodeposits requires considerable attention. This presentation reviews major developments in the understanding of the corrosion behaviour of nanocrystalline metals, alloys and metal-matrix composites over the last 20 years, with emphasis on how their intrinsically high density of intercrystalline defects does not compromise their corrosion resistance as initially expected.INTRODUCTIONOver the past 20 years there have been considerable advances in the understanding of the corrosion behaviour of nanocrystalline metals, alloys and metal-matrix composites. In this paper, the corrosion properties of nanocrystalline nickel, cobalt, zinc, and copper and some of their alloys are reviewed with emphasis on how a reduction in grain size affects their corrosion behaviour in different environments.It is possible to synthesize nanocrystalline material with microstructural refinement down to the range of 1 to 100 nm using a large number of processing methods. There are five basic synthesis methods that can be used to classify the different techniques: vapor-phase processing, liquid-phase processing, solid-phase processing, chemical synthesis, and electrochemical synthesis. Depending on the synthesis method, different microstructures (equiaxed, textured), shapes, and forms (films, particles, bulk material) may be produced. In addition, other factors may be introduced (eg. residual porosity or amorphous phases), aside from microstructural refinement, which can contribute to the observed properties (Erb, 2010). In order to interpret and categorize the resulting microstructures, a dimensional structure modulation scheme was introduced by Siegel (1996) in which zero-dimensional nanomaterials refer to individual particles, clusters, etc. One-dimensionality results from a layered (less than 100 nm thick) structure. Two-dimensional nanomaterials are thin, layered structures containing grains (less than 100 nm) within each layer. Finally, three-dimensional nanomaterials are bulk structures with an average grain size less than 100 nm."

Jan 1, 2012

By C. A. Jeffrey, K. Pearson

The Croft diorite in central England belongs to a suite of Caledonian igneous rocks collectively known as the South Leicestershire diorite complex. Although the intrusions occupy separate outcrops, they are linked at depth to form a single pluton, buried beneath a cover of Triassic sediments (Le Bas, 1972; 1982, Allsop and Arthur, 1983). Both the Caledonian diorites and the over-lying sub-Triassic unconformity have been affected by a complex history of alteration and mineralization which can be subdivided into four stages: (1) deuteric effects, caused by the release ofvolatiles during magmatic cooling; (2) albitization through sodic enrichment; (3) formation of low-temperature laumontite, analcime and calcite veins with associated wall-rock alteration to prehniteand pumpellyite; and (4) sub-Triassic unconformity-hosted base metal, manganese and palygorskite mineralization. Zeolite mineralization occured some 200 Ma later than the intrusion itself, duringpost-Triassic times, as indicated by the presence of a single vein of laumontite and microcrystallinecalcite which cross-cuts the sub-Triassic unconformity surface and enters the overlying Triassic sediments. Evidence from ?uid inclusion work indicates that two ?uids were involved in the deposition of the zeolite veins. One ?uid was initially of relatively high temperature (~100°C to 320°C) and lowsalinity (~0.2 to 5.9 wt% NaCl equiv.), and was probably meteoric in origin, whereas the other wasof relatively low temperature (~41°C to 165°C) and high salinity (~0.4 to 16.72 wt% NaCl equiv.),and is interpreted to represent a basinal brine. During Triassic rifting, thinning and fracturing of the crust, with the possible rise of associated magmas (Halliday and Mitchell, 1984), could have increased permeability and heat ?ow, initiating the circulation of hydrothermal ?uids. Triassic unconformity-hosted base-metal mineralization in Central England is similar to other Triassic-Juras-sic mineralization in Europe (Mitchell and Halliday, 1976).

Jan 1, 1997

By S. Goodman

Successful exploration for and exploitation of a mineral deposit requires an accurate understanding of the deposit architecture in 3D, and of the development of the mineralizing system through time, which requires a thorough comprehension of the structural framework of the deposit. The integration of geological, geophysical and geochemical datasets to arrive at a 4D structural framework is well-established and has been successfully applied by SRK Consulting in projects from deposit to regional scale. In some cases, we can go beyond this, applying the SEEBASETM technique, which utilizes a ?bottom-up? approach to basin analysis. SRK?s approach primarily relies on the interpretation of magnetic and gravity data, calibrated with many other datasets including mapped geology, topography, event histories, wells/drillholes and seismic data. The SEEBASETM model is a culmination of this data integration and is produced through an iterative process of structural interpretation and geophysical modeling, where an interpretation of basement composition and 4D structure is used to constrain depth-to-basement geophysical modeling, and the modeled depths are then used in conjunction with the structural interpretation to constrain contouring of the basement topography. The result is a rigorously calibrated, 3D view of the basement surface, which can be used to understand the basement and basin architecture, and thus serves as a predictive exploration model. This technique, which was developed for use in the petroleum industry, is now finding success as a predictive tool in mineral exploration.

May 1, 2003

By K. V. Lindell

Introduction This paper describes a recent innovation in the design and construction of mine headframes. A reinforced concrete headframe was built by using sliding forms. A concrete headframe of conventional design was originally considered, but investigation of this project showed that it was doubtful if the bearing strength of the soil was sufficient to support the great weight of a structure of this type. In addition, the slope and the fractured condition of the serpentine bed-rock did not permit satisfactory piling. A conventional steel headframe with storage bins was then designed, but, due to the steel situation, delivery promises were set back many months. The concrete headframe was again investigated, and a design was adopted incorporating a circular headframe lower in height than that first considered, with skips discharging into a smaller surge bin. The upper section of the shaft collar was strengthened to result in a stable structure which would be supported by bed-rock, as well as by the concrete and steel lining of the shaft itself.

Jan 1, 1948

By Peter K. Kaiser

Planning and design of deep underground mines involves a process of complex three-dimensional data integration utilizing information from exploration (geology, rock mass characteristics), engineering (mining method, excavation geometry, stress) and operations (time, in the form of sequencing). As new logging and monitoring technologies are being developed, the amount and data complexity becomes overwhelming and decisions are often made based on only a small part of the available data. Recently, Laurentian University opened a state-of-the-art Virtual Reality Laboratory (VRL), a Mining Exploratorium that is unique in the world of mining and offers an exceptional data interpretation environment for mine planning and design. The Mining Exploratorium combines a large format spherical stereoscopic projection system, equipped with high definition projection providing the highest resolution of active stereo in the world today, with advanced features of earth modeling software. Combined, this creates the first virtual reality facility geared specifically to the interpretation of mine geometry, geology, geochemistry, microseismicity, geomechanics and mining data sets. This paper demonstrates how value can be added to the mine planning and design process by utilizing this unique tool in the mining decision-making process via better comprehension of spatial relationships of data and by interpreting the data in a collaborative immersive virtual reality environment.

May 1, 2002

"Increasing demand for timely and accurate information about flotation plant performance requires metal accountants to increase the scope and reporting frequency of plant production. This trend has brought in-process inventory estimation at the forefront of metal accounting issues. Such significant in-process inventories can be locked in diverse process equipment (bins, holding tanks, flotation cells, thickeners, pipeline, etc.) or in stockpiles (ore, concentrates, tailings, etc.). Practice has shown that boldly ignoring these in-process inventories or the errors associated with their estimation lead to unreliable metal balances thereby creating confusion in plant production planning and operational performance assessment. To this extent, the characteristics (physical bounds, spatial heterogeneity and residence time) as well as the available measurements (volume, density, humidity, mass, composition, etc.) of each unit/section found in a generic flotation plant are jointly reviewed with respect to the particular metal accounting issues they present. The daily and monthly metal accounting tasks are then reviewed together with possible methods for obtaining reliable inventory estimates including different procedures for end-of month reconciliation.INTRODUCTION Most of the cost reduction initiatives of the mining industry aim at improving capital efficiency and asset utilization. Among the possible paths through which these goals can be achieved are mine-to-metal optimization, real-time plantwide process control (Hodouin, 2011) and knowledge sharing databases (Bascur & Linares, 2006). However, the successful implementation and subsequent monitoring will ineluctably results in an increased demand for timely and accurate information. This more than often requires metal accountants to increase the scope and reporting frequency of plant metal production. A striking example of such scope expansion is the Minas-Rio iron ore project in Brazil (Anglo American, 2013) having a pipeline route of 525 km between the concentrator and the concentrate shipping area. Several other mining companies have also set an increased frequency for their key performance indicators thereby shrinking the metal accounting period from monthly to weekly and daily. Those concurrent trends have brought in-process inventory estimation at the forefront of metal accounting issues. Indeed, as illustrated in Figure 1, improving trading reactivity requires improvements in production planning which strongly impacts the requirements for reliable metallurgical accounting. Furthermore, practice has shown that boldly ignoring significant in-process inventories or the errors associated with their estimation can lead to unreliable metal balances. In other words, since metal balances are the cornerstones of metal accounting, some of the risks associated with important business decisions are linked to errors associated with in-process inventory measurements."

Jan 1, 2014

By SangHyeok Han

Selecting the best possible cranes and identifying spatial conflict-free locations on sites can result in productivity and safety improvements for large-scale industrial construction projects. In the current practice, experienced lift engineers select cranes based on the heaviest lift and/or the largest lifting radius of the identified crane. This practice is relatively time-consuming, and optimization of the crane?s use and location is also difficult. There are many factors which need to be considered during the crane selection process, a reality which further complicates the process. This paper presents a framework which aims at developing a decision support system to enhance the crane selection process and collision-free path planning for large-scale construction projects. This paper utilizes an innovative crane selection matrix in order to establish a process for optimized crane selection for construction projects. The study considers more than 40 different factors in order to reduce time and improve safety for crane operations. Following finalization of crane type (mobile crane versus tower crane), a visualization model to simulate crane operation and identify collision-free crane operation paths is proposed. This process can assist project managers to plan the lifting process more effectively and efficiently. A case study-based approach was utilized to demonstrate the proposed methodology. The methodology was tested in the planning and construction process for boiler house structures in Mannheim, Germany. The project entailed numerous challenges: one of the major tasks was to lift a 102-ton load on the top of the boiler structure through crane collaboration; space limitations on site also presented several challenges related to crane selection, location, and operation processes. Based on the project constraints, the proposed crane selection framework, and the visualization models, two tower cranes were selected and successfully implemented in the case study.

Aug 1, 2013

By Jan E. Nesset, Antonio DiFeo, James A. Finch, Jose Hernandez-Aguilar, Cesar O. Gomez

"The gas dispersion measurement sensors and methodology developed by the mineral processing group at McGill University have to-date been employed at a number of plants in Canada, Australia, the U.S., South Africa and South America. In some cases the measurements have been directly linked with metallurgical performance while in others the gas dispersion surveys on their own have proved very useful in understanding the behaviour of the flotation cells. In addition to reviewing the current state of the gas dispersion measurement technology, the paper will present a series of case studies from the various plants and will show how this technology brings a remarkable new level of understanding to flotation behaviour. The influence of the bubble size distribution on recovery and grade are emphasized in the paper.INTRODUCTIONBackgroundThe advent of new sensors to characterize gas dispersion parameters in flotation cells is a development that is long overdue. While the chemistry of flotation has been studied since the early 1900’s, it is only now that the significance of bubble size distribution, gas rate and gas holdup can be meaningfully measured in-plant with robust and precise sensors. Early researchers, like T.A. Rickard (1916) recognized the importance of understanding the role of air and bubbles in flotation when he wrote in 1916 “we know that the key to the flotation process is to be found not in the oil, the acid, or the apparatus, but in the bubbles. The man who understands the mystery of a soap bubble has mastered the chief mystery of flotation”. In his 1999 review paper on The Froth Flotation Century D.W. Fuerstenau laments the fact that due to their “inert nature”, bubbles have never received their due attention from researchers who tended to focus on the chemical, physical, surface and colloidal aspects, rather than the physics of the process. It is perhaps fitting that now, 100 years after the inception of industrial flotation practice at Broken Hill, Australia, researchers and industry have turned their attention toward the importance of truly understanding the role of bubbles in flotation."

Jan 1, 2005

By S. Kelebek, B. Nanthakumar

ABSTRACT The sensitivity of sulphide minerals towards oxidation depends on the mineralogical makeup and nature of sulphide ores. This paper focuses on chalcopyrite behaviour in a nickel-copper sulphide- ore matrix that was aged in the mine-site stockpiles. Results of collectorless, collector-induced flotation and recovery by size are presented following a discussion of XPS analysis that was used to gain insight into oxidative alteration of chalcopyrite’s surface chemistry. Chalcopyrite maintains its high flotation activity despite exposure to weeks of oxidative conditions. It is concluded that chalcopyrite is quite tolerant to stockpile oxidation due to various factors related to alteration of its surface chemistry.

Jan 1, 2012

By Charles Kingsley

THE PRESIDENT (DR. C. B. KINGSTON, member C.l.M.M.) expressed regret that neither of the authors of the paper was able to be present to submit the paper in person. In their absence, it would be introduced formally from the Chair. It was a clear, straightforward account of a fine piece of shaft sinking, cleverly conceived and boldly executed. He referred briefly to the distribution and nature of the Dome ore-bodies and stated that, for both the miner and the metallurgist, the mine had provided a wide range of problems of unusual interest. Discussion on the paper was then invited. MR. THOMAS PRYOR said the paper was most opportune, because the subject of internal shafts did not appear to be fully treated in current mining literature. Many members were not familiar with Canadian gold deposits and it would be of interest if the authors could give a brief description of the location of the ere deposits of the Dome mine. This information would doubtless explain why a new internal shaft was needed in a position which required such an exceptionally long cross-cut to connect it to the main hoisting shaft to surface. It would also add to the value of the paper if the authors would give some idea of the duty expected of the new shaft in terms of tons of rock hoisted and of trips engaged in the transport of men and materials, and it would be helpful if figures could be given of the total capital cost of the hoists and subsidiary excavations at the shaft top, and of the cost per foot for sinking and lining the shaft below the collar. Turning to details of the paper, one was favourably impressed by the care given to the provision of a good travelling way for men in the main cross-cut, as shown in Figure 1. It was by no means always that one could walk in comfort and safety in a working where there was a 20-in. ventilating pipe in the roof.

Jan 1, 1939

By L. Kilburn

A survey of 281 mineral exploration agreements examines the ratios among three ways that may be used to purchase an interest in a mineral property, viz: pay cash, pay shams and make future expenditures on the property. The dollar value of the future expenditures exceeds that of cash or shams by about nine times in most of the 110 agreements that contain cash-expenditure or share-expenditure components. Results suggest that cash and shams are treated about the same in terms of value. Buyers and sellers haw opposing priorities for the way that they prefer to purchase a mineral property. These opposing priorities should give rise to a perceived 50:50 balance between cash/share payment and future expenditures to satisfy the idealized situation described by most definitions of fair market value (FMV). This balance between cash/share payments and future expenditures appears to be rationalized in negotiations to a FMV when expenditures are nine times greater than cash and/or payments. On this basis, it is proposed that the FMV of a property may be determined by aggregating the dollar amount of the cash/share payments plus one-ninth the dollar value of future expenditures, as set forth in the respective purchase agreement, and proportionately applying such aggregate to full property value.

Nov 1, 2005

By Paul J. Cascone

This paper will discuss the science behind the development of a unique gold alloy for dental prosthetic applications. The alloy (GOLDTECH BIO2000) contains 99.7% gold providing unquestioned biocompatibility and unsurpassed esthetics. The topics discussed are: (1) How the alloy meets the functional requirements of a porcelain-fused-to-metal dental alloy. (2) How the alloy color affects the esthetics of the restoration and why the color of gold is best. (3) Overcoming the intrinsic malleability of gold when grinding the alloy surface. (4) Preventing the oxide color from interfering with the alloy esthetics. (5) Attaining excellent porcelain adhesion. (6) How the design of the restoration allows for the production of single and multiple unit restorations. Gold 2003

Oct 1, 2003

By J. Lee

As the usage of BIM increased in the construction industry, some construction owners started exploring the use of BIM for maintaining their facilities. Construction Operations Building Information Exchange (COBIE), a spreadsheet data format suggested in 2007 to manipulate building information, is considered as one of the solutions that would facilitate the process of transferring information from BIM to applications for facilities management. Several BIM and Computer Aided Facilities Management (CAFM) applications offer functions to export or import the COBIE data. To facilitate the process of generating the COBIE data out of Building Information Model, some add-in applications, such as COBIE Toolkit for Revit, also were developed. However, most of these applications handle a limited amount of COBIE data. Professionals using these add-in applications therefore sometimes end up spending a significant amount of time to add additional data manually to the COBIE data file. To automatically get a data-rich COBIE file, we developed a prototype application that extracts information from Revit, which is one of the BIM authoring tools, stores them in an external database, and then produces the COBIE file using information stored in the database. We applied our application to a pilot project and produced 8 COBIE worksheets automatically, which demonstrated a significant amount of time saving. This paper presents how our prototype application produces 8 COBIE data sets automatically. It also addresses our attempt to handle more COBIE data sets.

Aug 1, 2013

By Saikat Chatterjee, Xintong (Brett) Liu, Kinnor Chattopadhyay

Magnesia carbon bricks are commonly used in BOFs and are generally pre-heated before the BOF goes into service. Owing to very stringent emission regulations, the BOF pre-heating process need to be controlled and optimized so that, the emission standards are met. One of the major concerns in organic emissions are its stringent limits on emission rates and total volatile emissions. In the present work, an attempt has been made to integrate CFD and Thermodynamic models to predict the emission rate of volatile organics during the pre-heating process. A one dimensional heat transfer model was developed using visual basic and then integrated with thermodynamics calculations using FactSage 6.4. The parameters that affected organic emissions were the pre heating procedure, gas composition of the burner, heating rate and type of the burner. Typical composition of MgO-C bricks and binder materials were obtained from literature and vendor data sheets. Chemical reactions between organic materials, refractory and burner gasses were considered. The model predictions indicated that certain burner conditions could destroy all organics before it exits the vessel while other conditions needed the use of an after burner at the mouth of the vessel. The model was also able to predict the organic emission rates based on the chosen pre-heating profile. This kind of predictive model will be very useful for the steel industry and enable them to justify permit limit applications and stick to the limits by fine tuning their pre-heating process.

Jan 1, 2015

Up to thirty years ago, coal preparation in western Canada, except at four plants, had not included actual coal washing. The exceptions were at Nanaimo and Royston, B.C., where tub washers and wet tables were in use; at Hosmer, B.C., using. Robinson cones; and at Leitch Collieries, Passburg, Alta., using a feldspar jig. The two last named collieries had a short life and were not operating in 1920. The industry was divided, as at the present day, into two sections, steam (bituminous) coal and domestic (largely sub-bituminous) coal, the first generally supplying industrial needs and the second householcl and other heating requirements. The two sections overlap to some small degree today as prepared sizes, chiefly stoker, and briquettes, from steam coal are shipped for house-hold use, and domestic slacks are used in certain industrial plants. The .domestic operator, for reasons shown later, was not primarily concerned with actual coal washing as a phase of coal preparation, and bent his efforts to improvement of screening and loading plants, with hand-picking of coarse sizes. The bituminous operator, on the other hand, felt it necessary by 1920 to consider coal washing. When the mines were comparatively young, coal quality could be controlled to a considerable degree by selective mining, by leaving behind some of the seam or by-passing districts in a mine where the coal was of inferior quality to that in other districts. This obviously had its limitations, and so the next step was coal washing.

Jan 1, 1952

By L. Kilburn

"A survey of 281 mineral exploration agreements examines the ratios among three ways that may be used to purchase an interest in a mineral property, viz: pay cash, pay shares and make future expenditures on the property.The dollar value of the future expenditures exceeds that of cash or shares by about nine times in most of the 110 agreements that contain cash-expenditure or share-expenditure components. Results suggest that cash and shares are treated about the same in terms of value.Buyers and sellers have opposing priorities for the way that they prefer to purchase a mineral property. These opposing priorities should give rise to a perceived 50:50 balance between cash/share payment and future expenditures to satisfy the idealized situation described by most definitions of fair market value (FMV). This balance between cash/share payments and future expenditures appears to be rationalized in negotiations to a FMV when expenditures are nine times greater than cash and/or payments.On this basis, it is proposed that the FMV of a property may be determined by aggregating the dollar amount of the cash/share payments plus one-ninth the dollar value of future expenditures, as set forth in the respective purchase agreement, and proportionately applying such aggregate to full property value."

Jan 1, 2005