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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 H. Warren Newcomen

Assessments of the stability performance of open pit highwalls have traditionally been based on consideration of surface movement rates. Although generally accepted in industry, this approach presents challenges for establishing appropriate threshold values to allow for safe mining operations and does not address the issue of total strain. Surface movement monitoring data from a limited number of open pit mining operations in North and South America has been evaluated in terms of highwall strain, rock mass quality and inferred mechanism of instability. Threshold strain levels for key stages of highwall stability proposed from previous work have been reviewed and are generally endorsed based on evaluation of additional data. An empirical highwall strain criteria for the assessment of highwall stability performance is postulated based on the observed trends in highwall strain data from the case histories presented.

May 1, 2004

By Craig Roberts

"While various methods are available to estimate a mining project's value, value is only established through a transaction. Comparable methods allow the value estimated for a mining project to be benchmarked against mining project values established in the market. Comparable methods thus are a key tool for ensuring value estimates are congruent with what the market would actually pay. For example, if the value estimated for a mining project using discounted cash flow analysis differs significantly from the value implied using comparable market methods, the valuator may be using metal price or discount rate assumptions that differ significantly from those the market is currently willing to pay for.The paper provides an overview of market comparable valuation approaches, and discusses some of the difficulties and limitations that arise in using these approaches. The types of market values that are typically utilised are discussed, including asset sale prices, share prices (market capitalisations), and values established in corporate mergers and acquisitions. Topics discussed include methods used in estimating a mining project's value based on the market value of the company that holds the asset, and limitations that arise because of unique features of mining projects and of companies that hold them.It is concluded that market comparable and fundamental (e.g. NPV) approaches to project valuation should not be viewed as alternative approaches to estimating project value, but rather can and should be integrated to derive a single value estimate based on both market andfandamental data. A method for integrating these approaches is discussed, and illustrated by example."

Jan 1, 2003

By A. F. Gregory

"AbstractA resumé of aerial radiation survey studies performed by and for Eldorado Mining and Refining, Limited, since 1943 is presented. Flight tests were initiated in 1947 and were followed .by intensified use and study of Geiger counters and other radiation detectors. Development of an aerial scintillation counter began in 1948, but •a sensitive large crystal unit was not available for exploration purposes until 1950. Modifications of this unit have been used in all subsequent surveys.For the Eldorado detector, several limiting conditions were established for successful radioactivity detection, the most important being that natural vein exposures can only be assuredly detected .at distances less than 150 feet. Sedimentary and pegmatitic radioactive occurrences can be detected at much greater distances. A helicopter investigation technique appears to •have •a useful prospecting potential.IntroductionAerial radiation surveys were first proposed in the early 1940's. However, it was not until 1949 that airborne detectors were extensively used in the search for radioactive minerals. Eldorado has flown about 50,000 miles of exploration flights, exclusive of tests, using a variety of •detectors and aircraft. Considerable data have •been gathered for .the evaluation of the several techniques employed. Much of the early work was performed with the co-operation of the National Research Council of Canada ( 1). More recent work was done in conjunction with the Commercial Products Division of Atomic Energy of Canada, Limited. The Development Department of this latter corporation designed and built the scintillation counter used in recent Eldorado surveys."

Jan 1, 1955

By M. N. Vu, G. Armand, A. Noiret, D. Seyedi

Extensive experimental observations have been performed around drifts and shafts at the Meuse Haute-Marne (North-Eastern France) Underground Research Laboratory (URL) to assess the extent and pattern of the induced fracture networks in Callovo-Oxfordian claystone. Two types of fractures can be distinguished, namely; shear (mode II) and extension unloading (mode I) fractures. The main goal of the present paper is to provide insights on the extent of damaged zone around the drifts by numerical simulations. A two-step approach is considered. First, 2D elastic calculations are performed for simulating the excavation of a drift following the direction of the major in situ horizontal stress. The evolution of the stress and strain tensors around drifts are calculated by applying an elliptic convergence function on the drift wall. Two failure criteria are then verified for the induced damage. An equivalent strain and an elastic energy based damage criteria are considered. The obtained results show that the employed simplified approach provides rather good results for the extent of the damaged zone for drifts parallel to major horizontal stress. However, post-processing elastic results leads to overestimating the vertical extent of the damage zone and underestimating its lateral extent, where the in situ stress state is quasi-isotropic in a section of drift. Nevertheless, the obtained results show that an energy based damage criterion could be considered as a potential way for reproducing the extent of the damaged zones if a convergence function can be defined for the drift.

Jan 1, 2015

By J. R. Maxwell

In 1970 expansion was completed increasing mill capacity from 2,000 to 3,000 T.P.D. Actual grinding capacity is 3,400 T,P,D. at a grind of 60% -200 mesh,The ore bodies are vein type, containing about 12% sulphides, with mill heads averaging 2.25% Cu, 0.015 oz.Au, and O.4O oz, Ag. per ton.Summary and Conclusions:During the period Jnnuar-1 1971 to December 1973 inclusive the use of large cells at Opeminka have shown that metallurgy is comparable to when using conventional cells, Operating and maintenance costs are lower, An on stream analyzer with reagents controlled by computer, are being assessed further.Opej1atljn Of Cells:!lo cell level adjustments are required when tonnage is adjusted 20 to 25%.Depending on mill heads and grade of concentrate reagents are adjusted to the first rougher for metallurgical control. Reagents to second rougher and scavengers are seldom adjusted as feed to this section has a maximum variation of about 0.2'~ Cu.Power – Maintenance and Space Requirement :Our total power consumption for 3,400 T.P,D. flotation circuit for operation and air supply is 280 H.P. Previous power drawn using conventional cells was 400 H.P. at 2,000 T.P.D.Total maintenance costs for flotation circuit has averaged $1,100.00 per year for the 3 years of operation, this cost should remain constant.Floor space required for cells and walkways is 2,000 sq.ft.

Jan 1, 1974

"High Pressure Grinding Roll (“HPGR”) technology is applied in a broadening range of minerals processing applications for relatively wet or moist materials. HPGR grinding of dry material or involving drying and air classification is more common, for example in cement manufacturing. A number of minerals processing plants are also operating with dry material, either due to process reasons, such as considerations of preceding or subsequent process stages, or as dictated by local conditions of arid areas and scarcity of water. The present world-wide expectation of decreasing availability of water supply urges us to look for alternatives that minimize water consumption.Recently established and envisaged future HPGR applications with dry ores have indicated that the technology of dry crushing and classification as practiced in cement and limestone grinding can be applied in minerals processing. Moreover, dry technology could very well be applied for generating a final fine product at sizes near or below 100 microns, as may be required for beneficiation by, for instance, flotation, magnetic separation or tank leaching.Dry HPGR grinding requires special attention in maintaining suitable process economics, when considering power input in grinding, drying and classification. In some cases, HPGR capacity and roll surface wear life may be negatively affected by a lack of moisture in the feed.This publication summarizes some of the features of, and experiences in dry HPGR applications. This includes design aspects of the classification system and discussion of the wear protection of the roll surfaces. The paper also includes examples of operational experiences of dry practices in minerals processing and cement plants."

Jan 1, 2012

By M. M. Papic, J. C. Whitehead

"A sample of Hat Creek coal has been extracted using supercritical aromatic solvents in a laboratory-scale extraction unit. Extract yields in the range 21 to 27 per cent of dry-ash-free coal were obtained.These yields are significantly lower than yields available from high-volatile bituminous coal and some lignites. Thus in a combined extraction/hydrocracking scheme for the production of liquid fuels from Hat Creek coal the char product would exceed that required to supply the energy and hydrogen requirements of the process. Excess char could be used for the production of power or gas for sale.IntroductionThe Supercritical Gas Extraction (SGE) process developed by the U.K. National Coal Board operates in two stages: an extraction stage in which a coal extract is separated from mineral matter and undissolved coal and a subsequent hydrogenation stage.The SGE process is based on the ability of a compressed supercritical fluid to dissolve relatively high molecular weight substrates. It is operated under conditions where a hydrogenrich portion of the coal is selectively extracted in a short residence time extraction stage leaving a hydrogen-deficient char. The process schematic shown in Figure I illustrates that the extract produced is separated from the solvent and passed to a conventional hydroprocessing stage while the char product is utilized in the production of heat, power and hydrogen for the process. An extract yield in the order of 50 per cent dry-ash- free coal represents a ""balanced"" case for such a process in which there is just sufficient char for the provision of these commodities."

Jan 1, 1985

By J. H. Reiss, D. F. Bruhn, Idaho National Laboratory, Y. Jiao, D. W. Reed, Y. Fujita, D. L. Daubaras

"Bioleaching offers a potential approach for recovery of rare earth elements (REE) from recyclable materials, such as fluorescent lamp phosphors or degraded industrial catalysts. Microorganisms were enriched from REE-containing ores and recyclable materials with the goal of identifying strains capable of extracting REE from solid materials. Over 100 heterotrophic microorganisms were isolated and screened for their ability to produce organic acids capable of leaching REE. The ten most promising isolates were most closely related to Pseudomonas, Acinetobacter and Talaromyces. Of the acids produced, gluconic acid appeared to be the most effective at leaching REE (yttrium, lanthanum, cerium, europium, and terbium) from retorted phosphor powders (RPP), fluidized cracking catalyst (FCC), and europium-doped yttrium oxide (YOEu). The Acinetobacter isolate, BH1, was the most capable strain and able to leach 33% of the total REE content from the FCC material. These results support the continuing evaluation of gluconic acid-producing microbes for large-scale REE recovery from recyclable materials.INTRODUCTIONAn enhanced recovery, substitute, reuse or recycle paradigm is important for balancing the supply and demand of critical materials (DOE, 2011). The recovery of rare earth elements (REE) from recyclable materials is an important component in this model. REE are used in a variety of modern products. For example, neodymium, europium, terbium, dysprosium, and yttrium are important for applications such as permanent magnets, lamp phosphors, rechargeable batteries, etc. (Binnemans, Jones, Blanpain, Van Gerven, Yang, Walton, & Buchert, 2013; DOE, 2011; Graedel, Harper, Nassar, & Reck, 2013). Cerium and lanthanum are used in glass polishers and additives in fluidized cracking catalysts (FCC)."

Jan 1, 2016

By M. R. Henzinger, G. Lenz, A. Gaich, Pötsch, W. Schubert, P. Wagner

"The better the information on the rock mass and its fracture system, the better is the basis for any rock mechanical decision that is required during the excavation process. While in conventional tunnelling free view to the tunnel face is available, possibilities are limited for mechanised tunnelling using a tunnel boring machine (TBM). An approach, already formulated in 2005, is used that produces digital photographs through openings in the cutting wheel of a TBM and merges them into a circular three-dimensional image. The 3D image is then used for geometric rock mass characterisation purposes including geological mapping, for example to measure spatial orientations or determine joint spacing. In the paper the basic concept is described together with first results from a pilot test.INTRODUCTIONA three-dimensional image unites digital photographs with spatial information on the objects/surfaces it shows. Since they combine geometric and visual information they are a straightforward source for geometric rock mass analysis and geological mapping. Their obvious benefits among others are: (i) they allow spatial measurements even in inaccessible regions, (ii) they provide objective and reproducible records of the rock mass conditions, and (iii) they increase working safety (Gaich et al. 2004).Pre-requisite for the generation of 3D images is the acquisition of at least two photographs from the region of interest. From the photographs the imaged object surfaces are reconstructed by means of image analysis using methods from photogrammetry (Slama, 1980) and computer vision (Hartley & Zisserman, 2001). See also Figure 1."

Jan 1, 2015

By Steven Townend

Mining-related activities have been known to create a challenging operating environment for mining companies located in close proximity to communities. Issues such as noise, vibrations from mining operations, land use and emissions are often a concern for community residents. In order to develop good community relationships it is necessary to take a proactive approach. This paper documents this approach and also deals with the social implications for Vale associated with mining activities in the heart of the community of Copper Cliff, Ontario, Canada.

May 1, 2011

By Edward (Ted) R. Lord

The application of thickened/paste tailings for surface disposal has been practiced for many years but has recently started to gain wider international acceptance. With tailings ponds coming under increasing environmental scrutiny, there is growing momentum towards mine/tailings plans that greatly reduce the size or even eliminate tailings ponds completely. This paper provides examples from the author's own experiences of the application of thickened/paste tailings for surface disposal in different countries, under different climatic conditions and in different industries. The paper will also comment on current research initiatives and future trends.

May 1, 2001

By M. Sengupta

International trade in minerals plays a very important role in the economic growth of many nations. Several less developed countries a1•e heavily dependent on their mineral exports for earning foreign exchange, which is needed for industrialization. Mineral exporting nations experience many problems in international mineral markets; the most important are tariff barriers, deteriorating terms of trade, instability in metal prices, etc. The formation of international mineral cartels to raise prices can be successful only to a limited extent and only for a short period of time.

Jan 1, 1976

By T. R. Heflin

The paper provides a comprehensive discussion of pump selection for the hydrometallurgical industry. Material suitability, in addition to proper size and design, will provide extended life for pumps in erosion /corrosion service.

Jan 1, 1979

By M. Jahazi, J. Gholipour

Design and manufacturing of parts using hydroforming process require knowledge about material behaviour and tribological effects during hydroforming. Lubrication is one of the key issues in successfully hydroform the tubes. A Ni-based super alloy tube with 50.8 mm (2 inches) outer diameter and 0.9 mm (0.035 inches) thickness is considered for this research to study the effect of lubricants on the formability of the tubes. Hydroforming of a hollow compressor blade is considered for this project. A combination of press forming and hydroforming is employed to produce the part. LS-DYNA, an explicit dynamic finite element code, is used to model the experiments. Different lubricants are modeled using different coefficient of friction in the model. Predicted results for strain distribution at a critical section of the tube are extracted for each case to evaluate the effect of different lubricants on the process.

Jan 1, 2006

By M. W. Grabinsky, P. B. Tomory, J. Carvalho, J. H. Curran

Many underground mining operations use Split Set friction stabilizer bolts for rock support. Currently, however, little has been done to quantify the effects of various rock mechanics and operational parameters on the capacity of frictional support systems. The strength of Split Sets is usually measured by means of a pull test wherein a jacking force is applied to the bolt and a slip load is obtained. In order to evolve a rational design procedure for this type of support, an extensive database of over 900 pull test results from more than 50 mines through- out North America has been assembled and analyzed. Associated relevant rock mechanics parameters (rock type and quality) and operational details (drilling method, bit size, drive time, time to pull test) were also obtained, as completely as possible, for each test. Analysis of the information has yielded several charts that relate pull-out strength to relevant parameters and simple statistical analyses were conducted where necessary. Quantified distributions for pull-out strength were also produced for several operating conditions. The factors that most significantly affect bolt strength have been identified and specific applications to design are discussed. The information presented will assist mining engineers in designing safer and more economic support using Split Sets.

Jan 1, 1998

By C. J. Sullivan

"The outlook for supplying the world's metal needs in the next twenty-five years is good, although in several cases basic costs are likely to increase with rising demand. Metal prices calculated at a constant dollar from 1900 to the present show that for nickel, copper, silver, lead, zinc and tin, prices -and presumably production costs -fell from 1900 to the early 1930s. Since then, they have generally risen, apparently reflecting some depletion in relation to demand. This tendency has been accentuated since the post-World War II adoption of managed, full-employment, growth economics, which have resulted in a sharp escalation in world demand for metals. (Abandonment of such policies, apparently now under consideration in North America, would, of course, affect the pre-dictions of this paper.) Nevertheless, metal prices generally are still below those prevailing in 1900. Exploration potential exists for disseminated ores of many metals still thought of as characteristic of lode and vein deposits. These include uranium, silver, gold, tin and nickel and, to a lesser extent, lead and zinc. Considering the discovery potential for some principal metals in relation to expected demand and prices, I would tend to rate them as follows: molybdenum, zinc, lead, uranium, silver, gold, tin, nickel and copper."

Jan 1, 1970

By V. Pouyafar

In recent years semi-solid processing of steel alloys has gain more attention among researchers. Production of high quality complex steel parts with higher mechanical properties is the final goal for all these researches. A thorough understanding of the flow behavior of the metal under investigation is the key for a successful process design. The material used in this research is M2 tool steel. The experiments were performed using a Searl-type concentric cylindrical rheometer which is specially designed for high temperature rheological measurements up to 1500 ºC. The rheological techniques were consisted of continuous cooling experiments and isothermal holding and also shear rate step change experiments for different solid fractions. Based on the rheological data a single phase thixotropic model has been derived and adopted to the measured data. The state of the microstructure has been applied through a structural parameter. The model fits well with the experiments.

Oct 1, 2011

By John F. Gartner

"Traditionally, the geologists of Canada have been occupied with the tasks of finding new mineral bodies, locating gas and oil fields or hunting for economic deposits of industrial minerals. A very minor percentage of graduate geologists have applied their skills to solution of the ""urban blight"" or employing their understanding of ""Nature"" for the optimum use of land by mankind. However, things are changing quickly. The role of the geologist in the planning process is being established. It is an exciting time! Geologists are now being consulted on a wide range of urban planning problems. These vary, tor example, from assessment of the geological environment for the new communities of Erin Mills and Meadowvale, which will have total populations in excess of 100,000 people (truly a satellite city), to a complete geological/ geohydrological assessment of the new sanitary landfill for the city of Guelph.Use of geologic techniques and methods for urban studies must be enhanced with certain skills not taught, in the past, to the geologist. These include airphoto interpretation, soil mechanics, geohydrology, municipal engineering and highway engineering to mention a few. The geologist has the unique training to assess the natural environment and to discover, warn and explain the implications of man's attempt to command his environment."

Jan 1, 1972

By Stephan Day

Comments on Robust M3 to Protect Water Quality ?Regulatory and philosophical thinking have tended to evolve at decade scale since 1970s. ?Mines typically last more than a decade. ?Robustness is defined by the ability to adapt to new realities. Managing Water Quality in BC ?1973 ?BC Pollution Control Objectives ?1977 ?Federal Metal Mine Liquid Effluent Regulation (Fisheries Act) ?Late 1980s ?Philosophy of ?Designing for Closure? ?1990s ?Designing for Acid Rock Drainage Management ?2000s ?Awareness of need for water quality management in general, regardless of acidity

May 1, 2010