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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 T. Güyagüler, U. Y. Önder

"This study investigated the psychrometric properties of ventilating air in GAL coal mines. Related measurements were done in underground openings and have been arranged as input data for computer programs prepared for ventilation network and psychrometric analysis.Results obtained from network analysis have been used for psychrometric analysis of ventilating air. Changes in heat and moisture content of air in two major path s between entry and discharge of ventilating air have been investigated. Psychrometric processes occurring in the mine were determined and are shown graphically in Figures 1 and 2. Special attention has been given to determine the changes in psychrometric properties and processes involved in the faces. Results are outlined in this paper.IntroductionThe psychrometric properties of mine air are important factors to mine productivity and efficiency. Therefore, psychrometric analysis should be made for all underground mines; any undesired situation observe d could be corrected by taking the necessary precautions.The analyses were done as a case study for GAL mines, the only mechanized lignite coal mine in Turkey. In this mine, workable reserve is about 300 million tons of coal and yearly planned production is 2.2 million tons. Production is continuing from a coal measure-bed having two coal seams with average thicknesses of 1.52 m and 1.72 m respectively. A 0.85 m shale band exists between these two seams.Two full y-mechanized faces, approximately 220 m long, usually work simultaneously. All measurements, including mine gases and air velocity, are done by sensors connected to a control room by a monitoring system.In the analysis, a line diagram is utilized to described the mine on which every junction and branch is numbered."

Jan 1, 1992

By Earl Sweet

This overview of economic and financial market prospects examines the current and future state of the global and Canadian economies with a focus on commodities. Housing prices and global conflicts all have effects on the overall economy and metal prices and mining developments in particular. This presentation outlines where we are today and where the author and BMO see the economy moving over the next few years.

Jan 1, 2016

By H. Q. Fan

Construction equipment is an important type of resources of heavy construction contractors. Since equipment breakdowns can cause project delays and significant financial losses, the contractors are eager to know those factors causing equipment failures directly or indirectly, related to equipment design, maintenance, and operations. Although Bayesian network can be used for diagnostic analysis of failure events or making predictive analysis, building a Bayesian network for such purpose can be difficult as the cause-effect relations can be subjective and their conditional probabilities change with a wide variety of causal factors. A hybrid approach is proposed in this paper to update the Bayesian diagnostic network structures and parameters using real life data, the conditional probabilities and cause-effect relationships can be dynamically updated with observed failure records to reflect the real life situations of a complex equipment system. A case study is conducted to show the benefits of the hybrid approach in construction equipment diagnostic analysis.

Aug 1, 2013

By J. T. Furey

"A pilot plant study was conducted to evaluate the performance of column flotation in the recovery of gold from a gold/tellurides bearing sulphide ore, and to compare the performance of column flotation to conventional ""mechanically agitated"" flotation.Tests were conducted in a 60 liter glass column with ground flotation feed split from a concurrently operating conventional pilot plant, thus permitting direct comparison between the two processes. During the test program, the effects of wash water rate, gas holdup, froth depth, residence time and flow bias were examined in detail.The ore had an average ""as tested"" feed grade of about 5 g/t gold and 1 % sulphur, with the gold occurring primarily as inclusions of montbragite (Au2Te3) in pyrite, with minor amounts of native gold. Conventional flotation using 60 minutes residence time across four roughing stages recovered about 97% of the gold into concentrates grading about 50 g/t Au. A single stage of column flotation roughing using 25 minutes residence time matched the conventional circuit recovery of 97%, but produced grades of+ 150 g/t Au. INTRODUCTIONColumn flotation is the most significant innovation that has occurred in the mineral processing industry in recent years and has become an important alternative to mechanical flotation. Column flotation has been most widely accepted and applied in cleaning service where it has frequently proven to be superior to mechanically agitated flotation. Roughing in columns has not been ignored, but early testing indicated that columns may not be capable of achieving adequate recovery and, to date, columns have not been seen as serious competitors for mechanical roughers."

Jan 1, 1990

By P. K. Kaiser, C. D. Martin, F. Amann

"This article focuses on the uniaxial compressive strength (UCS) of homogeneous and heterogeneous rocks. Critical factors impacting the UCS of rocks are reviewed and then separate assessments of UCS data from homogeneous and heterogeneous rocks are presented. The variability (coefficient of variation) of UCS test results for homogeneous rocks is found to be generally <25% while for heterogeneous rocks the variability is >35%. Failure mode variation is found to be the cause of the variability of UCS test results in heterogeneous rocks. Empirical engineering design methods that use UCS as an input parameter are discussed and suggestions are provided for selecting appropriate UCS values.INTRODUCTIONThe UCS is one of the most commonly used rock engineering parameters whether for rock mass classification or for strength determination. The mean UCS and its variability are often assumed to represent a reliable rock material property. For the reasons discussed in this article, UCS is rarely representative of the intact rock UCS. The UCS test simply records the collapse load during uniaxial loading of a cylindrical specimen. As suggested by many, the UCS is an index rather than a unique engineering parameter. The UCS is thus a proxy for rock strength which depends on the loading rate (e.g., Bieniawski 1967), specimen geometry (e.g., Hudson et al., 1971), specimen size (e.g., Bieniawski 1968), and many other factors. Furthermore, the UCS is not the same as the Hoek-Brown strength criterion parameter sci.There are differences in opinion on what is commonly considered to be ‘intact rock’. When sampling ‘intact’ pieces of core from drillholes crossing blocks of rock bound by block forming discontinuities, samples will be ‘intact’ but some samples will be veined, others will be damaged, and others will be neither. According to Hoek (1983), intact rock pieces are “the unfractured blocks occurring between structural discontinuities in a typical rock mass” and the sci parameter for intact rock is determined using the fitting procedure proposed by Hoek and Brown (1997) based on the data requirements outlined by Hoek (1983). Studies (e.g., Bewick and Kaiser 2014; Kaiser and Kim 2014) have shown that independently determined UCS and sci values for the same rock type are not equivalent. Thus, UCS data cannot be used as a replacement for sci."

Jan 1, 2015

By Yve Aymong

"The objective of this paper is to help readers benefit from the practical experience of persons who have been engaged for several year s in the testing and repair of power transformers. Power transformers are known to be reliable pieces of equipment with expected usage of 25 to 30 years, but simple problems such as leaking radiators, or a bad contact on a tap changer, could shorten the life of a transformer. To ensure a longer life span, transformers should be checked on a regular basis.What is a Power Transformer?It can be a 90 MVA transformer for Hydro-Québec or a power transformer can be a 500 KVA unit in a small hospital. Generally a power transformer is an oil -filled type of 3 to 5 MVA. It can also be a dry type transformer, that should be treated in the same manner as oil-filled transformers, and some of the tests explained in this paper also apply."

Jan 1, 1984

By Christopher Riley

A relatively unexplored lead zinc deposit lies about 12 miles northwest of Revelstoke, B.C., in the highly metamorphosed Monashee Group of rocks of the Shuswap Terrane, Precambrian in age. Host rocks are of sedimentary origin and consist of gneisses, schists, marbles and quartzites with intermediary types. The marbles and quartzites provide good horizon markers. Using these it is possible to interpret the controlling structure which is a syncline overturned to the north, dipping south at about 45°, and plunging east at about 12°. The syncline is truncated at about halfway of its length on a peak on the west side of which a partial cross section together with superimposed minor folds may be seen. The quartzites and the two marble beds may be traced over much of the structure. There are two lodes, above the marble and below the quartzite, which converge eastward and which are the exposed edges of the same host bed -an impure limestone.

Jan 1, 1961

By D. Ibarra, J. Jacob, A. G. Guezennec, P. d’Hugues, A. Archane

The lack of adequate gas mass transfer is a rate limiting step in many bacterial leaching processes. Oxygen often becomes a limiting factor because of its low solubility compared to the high demand induced by sulfide oxidation. One way of increasing the solubility of oxygen in water or in media solution is by increasing the driving force, i.e. raising the oxygen partial pressure in the gas stream supplied to the leach pulp. The use of oxygen is a well-known practice in high-temperature bioleaching reactors (above 70°C) whereas air is usually preferred in medium and low-temperature operations in order to avoid too high dissolved oxygen concentrations which could impact negatively the bacterial activity. The purpose of this study was to investigate the use of oxygen-enriched gas in bioleaching reactors at 40°C in order to improve the gas transfer in the system when operating at high solid load (20% and more). Bioleaching experiments were performed on a sulfide-rich tailing waste (pyrite 60%, copper 0.8%, cobalt 0.06 %, gold 1 g/t) using the “BRGM-KCC” bacterial consortia. The reactor used for the tests was designed on the basis of a new bioleaching reactor concept developed by Air Liquide, Milton Roy Mixing and the BRGM which uses floating agitators to inject gases and to mix and to suspend solids in the bioleaching solution. Two types of tests were carried out: with air injection and with oxygen enriched gas mix injection. The aim of this work was to confirm the capacity of bacteria to grow and to dissolve pyrite in this type of bioreactors in oxygenrich atmosphere, and to compare sulfides dissolution rates during both types of bioleaching tests. The results obtained show that the use of oxygen enriched gas mix does not decrease bioleaching performances compared to air injection. High metal extraction yields were achieved (above 80%). No deleterious effect due to oxygen use was observed on the bacteria despite the high level of dissolved oxygen reached in oxygen tests (up to 14 mg.L-1).

Jan 1, 2016

By Brigitte Lacouture, Yeen Shien Hwang, David Lin

"A baseline survey of the partially open lead regrind circuit at Red Dog Mine indicated poor regrind efficiencies for the three parallel 450 HP tower mills. Driven by the high energy cost and the potential metallurgical gain brought by improved mineral liberation, the Red Dog lead regrind circuit was optimized in two stages.In the first optimization stage, different circuit layouts were evaluated in two plant trials. In June 2003, the regrind circuit was changed to a fully closed circuit. This reduced the tower mill requirement from three to two mills. The circuit modification payback was 11 days through power savings alone.The second stage of optimization was the evaluation of reagent addition. To improve pyrite depression, sodium cyanide was added to the feed of the lead regrind tower mills and tested in a series of plant trials over several mill feed stockpiles. Galena selectivity against pyrite was found to improve in these plant trials. Due to environmental sensitivities, no net increase in cyanide addition to the plant occurred and thus no increase in the cyanide concentrations in the tailings pond or the environment will result.The lead regrind optimization work improved the overall lead metallurgical performance and reduced energy and reagent costs. Economic analysis showed that annual profit increased by as much as US$3.0 M."

Jan 1, 2005

By T. G. Joseph

Mines must manage variability from within their operations as well as those imposed upon them by external forces. This paper provides a framework to manage both internal and external variability through the review and adjustment of the mine plan where applicable to minimize lost production and maintain operational safety.

Nov 1, 2011

By K. Enns, J. J. Byerley

"While thiocyanate (SCN-) is used in a number of industrial processes (production of polyacrylonitrile filaments, synthesis of agricultural chemicals and certain metallurgical solvent extraction and flotation circuits) it is recognized more as an undesirable by-product associated with &apos; the metallurgical industry. Thiocyanate is present at low concentrations in some waste streams from the iron and steel industry. Of particular significance is the formation of thiocyanate during cyanidation of gold and silver ores, concentrates, tailing s and residues. The thiocyanate levels present in the resulting effluents may range from a few mg/I to several thousand mg/I.At present, thiocyanate does not appear to be as hazardous in the environment as cyanide (CN-) at the same concentration although its interaction with other species and resulting decomposition of products may be unacceptable. Of course the presence of thiocyanate in the leaching circuit and ultimately in the effluent streams may add considerably to the oxidative requirments of any non-selective treatment process for cyanidation wastes.With respect to the thiocyanate as it relates to the cyanidation process, two aspects are evident. Thiocyanate forms and persists in the cyanidation circuit resulting in a ""fouling"" condition with subsequent loss of leaching activity. In order to reduce or control this problem, it is common practice for some mills to discharge daily as much as 20% of the barren leach liquor. Besides contributing to fouling of the leach liquor the formation of thiocyanate represents an irreversible loss of reagent cyanide. It is noteworthy that in some present or proposed mill practice reagent cyanide loss through thiocyanate formation may reach 50%(1). The purpose of this paper is to discus s the application of controlled electrooxidation of thiocyanate with the view of suggesting a process for regenerating cyanide from waste thiocyanate(2). The paper describes the important theoretical aspects and presents experimental data obtained for thiocyanate electrooxidation using both small and large scale electrochemical reactors. Some economic conclusions are presented."

Jan 1, 1984

By James Stenhouse

Abstract The aqueous oxidation of pyrite in caustic solutions under oxygen pressure was investigated by measuring that effect of reaction variable on oxygen consumption by the reactions. From the results of this investigation, a model for the process has been proposed. In this model, sulphur diffuses as a positive ion through an oxide layer which forms on the sulphide particles and is then oxidized to sulphate ion. Iron is oxidized by substitutional diffusion of oxygen atoms into the oxide layer. The effect of most reaction variables on the rate of oxygen consumption can be explained with this model. Introduction Recent investigations (1,2,3) have shown that certain sulphide ores can be readily leached by agitating the ore in the form of a pulp under pressure in the presence of oxygen. Since very little was known of the mechanism of this oxidation, a programme of investigation was inaugurated in 1949 in the laboratories of the Department of Mining and Metallurgy of the University of British Columbia. Financial support for the investigation was received from the National Research Council in the form of student grants and bursaries, from the Canadian Liquid Air Company, Limited, and from the Consolidated Mining and Smelting Company of Canada, Limited. The first objective was to devise a technique to study the primary oxidation reactions in aqueous solutions and to apply the technique to a detailed study of the oxidation of pyrite in caustic solutions.

Jan 1, 1952

By B. V. Knelson

"GENTLEMEN:This paper will deal with centrifugal separation - theory and practical, and since the Knelson Concentrator is the only centrifugal concentrator with a properly fluidized bed, this paper will cover the Knelson Concentrator and its technical and structural advances over the last five years. As I am the person with the most experience in this line, I guess I am some kind of an expert; what kind I’m not sure, but some kind.This type of concentrator truly was developed because I’m lazy and I constantly look for easier ways to do things. My experience in the mining industry was very limited but I did realize in looking at placer operations, which is the application where I spring from, that it was tremendously labour intensive and my first reaction that ""my god, there must be some method or way-of handling product in a more efficient (and you can read that as being able to quickly recover very fine particle gold) way than was being shown at that time"". So, the Knelson Concentrator was born - about 6 or 7 years later. Our first attempt was a cone with about the same degree of slope as our present machine and since we had no knowledge of vibration dampening and centrifugal forces at that point, it was just an idea that this should work.Our first run was one of twenty minute duration. We did make that first machine variable speed by a mechanical belt system and we found that at about 240 rpms we were virtually shaking the gravel plant apart that we were attached to. So the first run was twenty minutes and back to the drawing board. However, that first run produced a concentrate so superior to anything we had seen previously, that we knew without any question, we were definately and accurately on the right track."

Jan 1, 1985

By M. J. Gole, R. E. T. Hill, S. J. Barnes

"The Agnew (also known as the Perseverance) nickel deposit and its northern extension, the Rocky&apos;s Reward deposit, form one of the world&apos;s largest accumulations of nickel sulphides hosted by komatiites. Agnew was previously classified as an ""intrusive dunite-associated"" deposit . It has now been shown that the sulphides are hosted by komatiite flows which underlie an adcumulate-textured dunite body that crystallized in a large lava channel.The rocks of the mine area have been subjected to a metamorphic temperature of550°C and pressure of up to 3 kb. The komatiites have mostly been reconstituted to olivine-amphibole chlorite assemblages. There is a zoned sequence of enstatite-, anthophylite-, talc- and antigorite-bearing assemblages inwards from the western margin of the ultramatic reflecting variations in the CO/HP ratio of metamorphic fluids.Facing directions are determined from variations in the proportions of metamorphic minerals and in rock compositions which reflect asymmetric layering in the flows . Olivine-sulphides matrix ore is hosted in a single 50 m thick, east-facing flow that is overlain by flows containing massive sulphides. Much of the massive sulphide has been physically remobilized into fold noses, faults and shear zones. Chemical diffusion of ore components has upgraded a sulphide-rich metasedimentary unit where it is in structural contact with massive ore.To the north, the mineralized flow sequence is separated from a stratigraphically higher komatiite sequence, the Perseverance ultramafic complex, by approximately 150 m of felsic meta volcanic and meta sedimentary rocks. Southward, the Perseverance ultramafic grades laterally into an olivine adcumulate body and its lower contact cuts progressively down stratigraphy until it lies directly on top of olivine-sulphide ore of the mineralized flow sequence. This discordant contact is interpreted as the base of a thermal erosion channel formed by a voluminous komatiite lava flow. This contact greatly influenced later deformation of the mineralized flow sequence."

Jan 1, 1989

By AN. Kumar

Two fabrication stages in the manufacture of pipelines are identified as causing significant deterioration of the steel plates, namely cold bending and welding. The objectives of this work include quantitative assessment of the degradation of the quality of the steel plate by the loss of fracture toughness, and an estimation of the safe working pressure. The study was conducted on three API grade steels: X42, X46 and X60. After cold bending by the UO technique, various welding technique were employed for joining of the bend plates along the pipe length. A crack-tip opening displacement parameter (CTOD) was used at the onset of initiation and at the first load maxima as the criterion for assessing the toughness degradation under various fabrication stages and regime (such as WZ, HAZ and parent body). In addition, strength, hardness and impact energy values were determined to check the degree of degradation. Microstructural and microfractographic investigation of the fractured samples were also carried out in the scanning electron microscope (SEM). X60 grade steel plate suffers from CTOD toughness loss by around 38 and 55% after welding and cold bending, respectively, for the conditions studied. A combined effect of the two stages results in a loss in toughness by around 70% for the same steel. In X42 grade, the loss in impact energy ranges from 78 to 35 J due to electrical-resistance welding study (ERW). Crack resistance curves are also obtained for the steels to study the crack growth resistance behaviour and to supplement the information on crack initiation behaviour. The orientation of the pearlite banding, as observed on the fracture plane with respect to notch front and applied loading direction appears to have a strong influence on the microvoid-coalescence mechanism of fracture as well as the toughness values. An integrated analysis of the performance of pipelines, considering all these key factors, is discussed.

Jan 1, 2005

By S. Dallaire

With the attainment of high temperatures it becomes possible to process any kind of material (particularly ceramics) in their liquid state. In the plasma spraying process, the material to be sprayed is rapidly heated until it is molten and is propelled by high velocity gases onto a surface where it adheres, to give protective coatings for a wide range of applications. The method could be considered as one of the most versatile and rapid to build up thick deposits (of plastics, metals, ceramics, cermets) and also free-standing artifacts for particular requirements without resorting to lengthy forming and sintering studies. Although plasma spraying is at the production stage in industry, advanced processes have also been developed for economically producing a wide range of new materials. This paper illustrates the benefits of the process and evaluates the challenges it represents.

Jan 1, 1987

By Eugene (Gene) Bounds

The Mining industry faces many challenges, one of which is the demand to communicate over a variety of media, be it visual, sound, voice, data or any combination. Over the years multiple infrastructures have been put in place to overcome environmental obstacles and address these communication needs. A mine is an aggressive environment for electronic equipment and as such only the best quality equipment can perform under those special conditions of e.g. temperature, dust and humidity. Siemens Canada and its partner LComm will discuss a mining solution using a unique combination of technologies based on fibre optics, standard communication interfaces, passive antenna infrastructure and wireless services. The presentation looks at maximizing the use of infrastructure, reducing costs, addressing difficulty of communications coverage above and below the surface and the capability to future proof the capital investment as new requirements and applications are identified. Discussion will address: Wireless voice, high speed data Data acquisition for process control from sensors Video for remote control and security Miner safety and location Timely receipt of large volumes of information

Apr 1, 2005

By George R. White

"The Phalen Colliery, the Cape Breton Development Corporation&apos;s flagship, is now producing thermal and metallurgical grade coal in Eastern Canada&apos;s Sydney Coal Field. The colliery is a drift mine operating under the waters of the Atlantic Ocean. Improved mechanization, including a 2200 tonne per hour cable conveyor, and the introduction of modern retreat longwall mining methods as part of the Phalen concept are now paying off in better productivity and low operating costs. Geological conditions within the coal field are consistent with plans for ever greater outputs in the 1990s. Although much of the current production improvement is related to uprated machine capacity and simplified mines planning there is potential for even further development in the areas of maintenance, process control and engineering. Human resource development will also be a key factor. These programs are now well under way and Phalen Colliery is poised for top results in the 1990s. Comparison of the CBDC&apos;s top producer with similar operations elsewhere in the world, quantifies that potential.IntroductionAn exciting new mining project which has recently started production on Canada&apos;s East Coast has been conceived and designed to be one of the most modern and productive coal mining operations in North America.As with all mining operations, the business is basically that of material transportation. Daily, the product is transported many kilometres from the underground face to the surface and then to washing facilities. Men, materials and equipment are transported to and from the surface and the operating faces and services, such as electrical power, ventilating air, fresh water, discharge water, communications and compressed air are supplied throughout the operation to cover operating requirements. On all accounts the operation has been designed to take advantage of the latest proven technology."

Jan 1, 1990

"INTRODUCTIONGold tailings retreatment plants have been operated for many years throughout the world. Several large tailings retreatment facilities have been operated profitably in South Africa since 1976 and there are tailings retreatment operations in Canada currently in production with more in the feasibility stages.The Timmins Gold Tailings Project of ERG Resources Inc. was designed to treat 8,000,000 tonnes per annum of gold tailings for an eight month operating season, and commissioning of the operation began in July 1988. The payback period for this project is about 3 years which corresponds to an IRR of 30%.This report summarizes the metallurgical characteristics of the reclaim tailings, describes the process flowsheet which was developed to enable ERG to economically recover gold from the Timmins area tailings, and reviews commissioning activities."

Jan 1, 1989