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By Scott K. Palm, Neil D. Pearson, Jr. Read

"Uncertainty is an important feature of many investments, but it is especially important for mineral properties. Mine properties often entail large investments and fixed commitments. Managers in the mining industry often view price uncertainty as undesirable, due to the possibility that the price of the mined commodity will fall to a level that prevents the firm from recovering its investment and fixed costs. This paper identifies pitfalls in conventional valuation methods and outlines a new approach to valuation based on option pricing theory and dynamic programming. In the process, it identifies generic strategies for organizing mine production in ways that allow the owner to benefit from the uncertainty in mineral prices. IntroductionRisk is pervasive in the mining industry. The operation and maintenance of a mine may involve high, and unavoidable, fixed costs. A mine owner can only begin to recover these fixed costs if the price of the mined commodity is greater than the incremental cost of production. But the prices of many minerals are extremely volatile. The price volatility of copper has been significantly higher than the price volatility of a typical stock, for example. A mine owner cannot be sure that the price of the mineral product will remain high long enough for the firm to recover its capital and fixed costs.Mine owners are able to minimize their losses during periods when the output price is below the incremental cost of production by temporarily closing operations. During these periods they incur only fixed costs. While shut-downs help minimize losses, the y do not help the firm recover its initial investment. If output prices remain low long enough, the fixed costs and original investment may never be recovered. High fixed costs, therefore, lead to substantial downside risk."

Jan 1, 1986

By K. D. Peaslee, J. M. Soto, IéDé Smith, A. D. Saikia

Spinel-forming refractories reduce penetration of metal and slags through a tightening of the lining resulting from the volume expansion associated with spinel formation. Sintered spinel is often added to reduce the overall volume increase that results. Tests were carried out to evaluate the difference between performance in spinel¬forming and spinel-containing refractory mixes. Eight refractory linings, one (1) pure magnesia, three (3) magnesia-base spinel-forming and four (4) alumina-base spinel- containing dry vibratable mixes, were tested for four hours in contact with a low-carbon, low-manganese steel in a coreless induction furnace at temperatures in excess of 1600°C. Afterwards, sample were cut, and wear and penetration were measured. For magnesia-based mixes wear was minimized using 20-30wt. spinel formation although further experiments are required to determine the optimal value. For alumina-based mixes, there seemed to be an optimal ratio of spinel added to spinel formed that minimized penetration and wear at the slag line. Sidewall accretion occurred and the accretion was the highest for the mix with the ratio of spinel formed to spinel added near the optimum value. Therefore to design an optimum refractory mix the benefits of higher ratios of spinel added to reduce penetration and wear at the slag line will need to be balanced with the tendency to form accretions on the sidewalls of the furnace.

Jan 1, 2004

By K. Parameswaran

This paper builds on presentations made at the Conference of Metallurgists (COM) 2015, COM 2017 and Extraction 2018 and associated papers published in the respective conference proceedings. Based on the classic Brundtland Commission definition of sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs,” the paper describes how metal mining can be compatible with sustainable development and how sustainability considerations have been applied in the primary copper industry, using several examples of sustainable mining practices from ASARCO LLC operations. Finally, the paper discusses how these considerations might be used in the future by discussing the need for developing a sustainable development strategy and how this strategy can be aligned with the United Nations Sustainable Development Goals. INTRODUCTION The primary copper industry comprises: mining (also referred to as “extraction”); mineral processing (also referred to as “beneficiation, “milling” or “concentration,”) which includes leaching, solvent extraction (SX), crushing, grinding, froth and flotation operations; and metallurgical processing which includes smelting and converting; refining, which includes fire-refining or anode refining and electro-refining; and electrowinning (EW). There are two routes for producing refined copper: hydrometallurgical and pyrometallurgical. The hydrometallurgical route comprises mining (open-pit and underground), mineral processing (crushing and grinding — for heap leaching only; leaching and SX) and metallurgical processing (EW). The pyrometallurgical route involves mining, mineral processing (crushing, grinding and froth flotation) and metallurgical processing (smelting, fire refining and electro- refining). The primary copper industry is capital, water, resource and energy intensive with the potential for significant environmental impacts, if the environmental aspects are not properly managed. ASARCO LLC (Asarco) was organized in 1899 as the American Smelting And Refining Company. Originally a consolidation of several lead-silver smelting companies, it evolved over the years into an integrated producer of primary non-ferrous metals, including copper, lead and zinc and associated co-products. Grupo México, S.A.B. de C.V (Grupo México) acquired Asarco in 1999. Today, Asarco is a vertically integrated producer of primary refined copper and associated co-products such as gold, silver, selenium and tellurium. Asarco operates three open-pit mines and mills, two leach, SX-EW plants, a copper smelter in Arizona and a copper electrolytic refinery in Texas.

Jan 1, 2019

By Nicholas J. Grant

It is the purpose of this paper to examine a number of the recent developments in powder metallurgy, being most concerned with those which are yet to prove themselves rather than those which have achieved commercial maturity. Such developments include the production of very much coarser and very much finer powders, down to the near-micron size range. Also considered are activated sintering, direct powder rolling and extrusion (both hot and cold), brazing and welding, hydrides of reactive metals, oxide dispersion strengthened alloys and theoretical evaluations. Introduction T HERE surely can't be very much argument with the fact that powder metallurgy has made large advances on many fronts during the past ten or more years (1). These advances have taken place in raw materials, in processing, in product development and in a better understanding of many of the phenomena which occur in the various steps involved in powder metallurgy. It should be clear, in view of such growth, that it will not be possible to highlight all of the new developments in the present paper. Many of these developments,

Jan 1, 1965

By B. R. Maas

Processing material at a consistent rate through the continuous countercurrent decantation (CCD) thickeners presented a major bottle neck to unlocking additional value from one of the post-flotation streams at the Kansanshi processing plant. The manual operation of the thickeners making up the CCD train resulted in frequent imbalances and process upsets across units. The automation of CCD trains is notoriously tricky as the available manipulated variables are outnumbered by the parameters requiring regulation. The implementation of an advanced, auction-based, control philosophy to manage the movement of both slurry and solution inventory through the train addressed this parameter imbalance and lead to the stabilisation of the circuit. Since the commissioning of this control strategy: an additional 7 200 dmt/day (+36% throughput) of material can reliably be processed through the train, the number of monthly downtime events has reduced, and a saving of $354 000/month in reagent cost has been achieved. INTRODUCTION CCD operation Agitated leaching is a common method used in hydrometallurgy to extract a metal from its host ore. The host ore is initially finely ground to liberate the surfaces of the valued minerals and improve the kinetics of the leaching process. The ore is then contacted in an agitated tank with a lixiviant to dissolve the desired metal into the aqueous phase. The resultant slurry from the leaching process comprises of a solution pregnant in the metal salt and a barren ore. The first purification step taken after leaching is to wash the pregnant liquor solution (PLS) from the depleted ore. On the industrial scale, a set of between two to ten thickeners arranged in a countercurrent configuration is often used to carry out this separation (Perry & Chilton, 1973). The slurry is introduced at the head of the train and a wash solution at the tail. The two streams are pumped through each thickener countercurrent to one other. At each stage the residual PLS in the slurry is mixed and diluted down with the countercurrent overflow solution from the downstream thickener. The diluted slurry is fed into the thickener where the solids separate out through gravity sedimentation. The settled solids are channelled towards the underflow of the thickener by a rake mechanism and pumped downstream to the next thickener in the train. The outcome is the recovery of a PLS from the overflow of the lead thickener and a slurry of washed solids from the underflow of the tails thickener.

Jan 1, 2019

By R. W. Coburn

The results of field experiments on wells which required stimulation indicated that engineered well-completions will cause an increase in ultimate recovery at reduced costs. Techniques and tools have been developed which can be used to establish well conditions most conducive to successful stimulation. Cementing, perforating and treating are bound together so completely that the success of one phase is completely dependent on the .effectiveness of the preceding phase. A method of determining the efficiency or effectiveness of any given well-stimulation treatment has been derived. Pressure behaviour during a treatment can be analyzed to yield the total percentage of the formation which has been treated.

Jan 1, 1960

By Eric Johnson

"IntroductionHistoricalCyanidation is a leaching process, in world-wide use, to extract gold (and silver) from ores and concentrates. The process has many inherent advantages on account of its adaptability:a. to any scale of operation;b. to a wide range of ore types and mineral associations;c. to a wide range of physical characteristics of the gold particle size, alloy (electrum) or mineral (telluride);d. to relatively simple plant controls and operating procedures;e. to simple marketing procedures and quick cash return.The basic idea for cyanidation was first described and patented by a German chemist, L. Elsner, in 1846. Some forty years later, J.S. McArthur, a metallurgical chemist and R.W. and W. Forrest, medical doctors, all of Glasgow, Scotland, came to realize the import of the discovery and accordingly, registered patents in Great Britain in 1887 and in the United States in 1889. The keystone of the McArthur-Forrest patent registration was the use of weak (0.05o/o) instead of strong (1.0%) solution.The years 1890-1910 saw much progress in equipment design and the advance from batch to continuous processing to increase efficiency and reduce operating costs.In later years, technological progress followed advances in materials of construction and control systems. Current innovations include large-scale equipment, high-capacity thickeners, belt type filters and Steller, candle-type filters for plants using zinc dust precipitation. As well, environmental protection is increasingly a major concern.The technology of gold adsorption from cyanide solution onto activated carbon has made rapid strides in recent years. This has followed the initial efforts of Potter, Salisbury, Zadra and their colleagues of the U.S. Bureau of Mines Research Station in Salt Lake City, Utah, and the field work of Homestake Mining Company personnel, in Lead, South Dakota."

Jan 1, 1989

By B. E. Shaw

This paper describes the use of the Free Piston Valve, and a simple hoist brake control system, which has been developed over the last two years, greatly improving the performance of low-pressure brake engines. The basic control system is outlined, with sections devoted to emergency trips and differential braking, and the application of the system to deep shaft hoisting is discussed.

Jan 1, 1966

By F. Azgomi

A possible way to characterize (classify) frothers using gas holdup as a surrogate for bubble size was explored. Nine surfactants with a range in chemical structures were selected and tested in a bubble column instrumented to measure gas holdup and superficial gas velocity. A correlation between frother type and gas holdup was observed: for alcohols, gas holdup increases with hydrocarbon chain length and the effect is the same whether the chain is branched or straight; for polyglycols, gas holdup increased with number of propoxy groups. The ranking by gas holdup gave the same result as other frother characterization techniques.

Jan 1, 2006

By Matt Manson

Renard?1-10 kimberlite pipes and ?Lynx-Hibou?kimberlite dyke system within ?Foxtrot?property 50/50 JV with SOQUEM, Stornoway operator 2001: Discovery of the Renard kimberlite pipes 2003: Discovery of the Lynx-Hibou kimberlite dykes 2006-2007: Bulk sample program 2008: First 43-101 Resource and Preliminary Assessment 2009/2010: Updated 43-101 Resource

May 1, 2010

By C. D. Anderson, C. G. Anderson, P. R. Taylor

"Rare Earths have become critical for our energy and materials driven society. While primary production must ramp up to fill growing demands, the recycle of these strategic elements must also be initiated. This paper will outline the potentials of and metallurgical technologies employed for Rare Earths recycle from various secondary sources.INTRODUCTIONWhen investigating the recovery of rare earths from secondary sources it is necessary to understand the nature of the sources to be processed. As of 2009, the USGS reports the distribution of rare earths by end use, in decreasing order, was: chemical catalysts 22%, metallurgical applications and alloys 21%, petroleum refining catalysts 14%, automotive catalytic converters 13%, glass polishing and ceramics 9%, rare earth phosphors for computer monitors, lighting, televisions 8%, permanent magnets 7%, electronics 3%, and others 3% (USGS, 2011). Additionally, it is reported that the amount of recycling was quite small and consisted primarily of rare earth magnet scrap, although with the sharp increase in the price of rare earths, and the potential shortage in supply, focus in this area is continually growing. Thus, the opportunities, whether realistic or not, are extremely vast in the recycling of rare earth containing materials. The following subsections will present methods proposed for the recycling of rare earths based on the feed material type.RECYCLING OF RARE EARTH MAGNETSCurrently, investigations are ongoing in the area of recycling production scrap and end-of-life materials in the rare earth magnet industry. The following techniques illustrate potential methods for the recovery of rare earths from secondary RE magnet sources.Recycling of Rare Earth Magnet Sludge by Selective ChlorinationDuring the production of neodymium magnets, a by-product of production is the so called “magnetic sludge”. This by-product contains high amounts of neodymium, thus a process for the recovery of Nd has been proposed. In this process the Nd present is selectively chlorinated/distilled by the addition FeCl2 via the following reactions."

Jan 1, 2012

By Raj Thamburaj

"Over the last few decades, the emphasis on affordability and reduced cost of ownership has necessitated the development of innovative processes to carry out repairs in aero engine components. Conventional weld and braze repairs have evolved into advanced, sophisticated processes using state of the art knowledge in lasers, robotics and materials technology. This paper illustrates past and present scenarios in an attempt to illustrate progress that has been made in this area. The problems encountered in the past have been detailed along with the solutions that have been developed and commercially implemented to address these issues. Apart from technical progress, this presentation also addresses the progress made in business approaches and in Certification/Regulatory issues surrounding aero engine repair. Progress in Technology Repair technologies have also been the embryo from which new and revolutionary manufacturing technologies have evolved as well. Electron Beam Free Forming and LENS are examples of how a completely new manufacturing concept can evolve what was originally only a process to join metals. The current and future potential of these spin offs is discussed providing examples of application. While several problems have been solved over time with the implementation of advanced repair technologies, the demands of the industry have created new challenges. The paper describes these issues, outlines potential solutions and discusses the future of repair technologies in terms of the far reaching influence it is sure to have in design, manufacturing, maintenance management and life extension. Progress in Business Trends.Business approaches to repair and maintenance have also gone through considerable change with the introduction of ""Power by the Hour"" and other similar arrangements between the companies responsible for engine overhaul and the end-users. Program Based Logistics (PBL) is yet another innovation to provide a win-win situation for the repair service provider and the end user. This paper traces the development of these business initiatives and highlights successful applications. Progress in Repair Certification, Regulatory Issues.Understanding of the issues surrounding certification of repairs has also evolved with time and regulatory issues have been clarified considerably. Procedures for analysis and testing are much clearer and ""Check Lists"" are being drafted for certifying repairs on various engine components. The PMA phenomenon has added yet another dimension to the issues regarding certification and these are discussed as well."

Jan 1, 2010

By Roland Hunt

This paper deals with the practical problems as sociated with blasting a heated pillar remnant. This pillar remnant was the final stage in the blasting of a multi-stag e pillar blast. Production from the previous stages had produced burning sulphide ore, resulting in high rock temperatures in the final unblasted stage. This is an account of how, under difficult conditions, the pillar remnant was blasted.

Jan 1, 1977

By Maria Skyllas-Kazacos

The All-Vanadium Redox Flow Battery that was pioneered and has been developed at the University of New South Wales (UNSW) in Sydney since the mid-1980s is currently regarded as one of the most attractive energy storage systems for large-scale implementation in a wide range of grid-connected and offgrid applications. Several companies are now manufacturing and installing MW-scale VFBs in applications ranging from renewable energy storage, load-levelling, emergency back-up power and power arbitrage. The full-scale uptake of the VRB in commercial energy storage systems however, is heavily dependent on the availability and cost of vanadium used in the VRB electrolyte. Cost is also a function of purity requirements and although there is little scientific evidence on the effect of impurities on the VRB life and performance, VRB developers continue to demand high purity vanadium at considerable cost. This paper will provide a brief overview of the current understanding of electrolyte impurities on VRB performance together with an economic analysis of the impact of vanadium prices on overall VRB capital and levelised costs for a range of applications.

Jan 1, 2014

By R. Carter, C. S. Samis

"SummaryThe results of this investigation indicate that the gold in the cyanide tailing of refractory gold cyanides is occluded in fused •particles formed during roasting. This conclusion was reached following microscopic examination of calcines produced at various furnace temperatures with different atmospheres, and a •comparison with calcines produced by decomposing samples of completely sulphated concentrate under conditions such that the maximum particle temperature varied between 6•50°C. and 1,100°C. This comparison showed that the particle temperature during a normal roast may be several hundred degrees higher than the furnace atmosphere, or that the fusion is associated with a low melting (950°C.) eutectic mixture of FeO and FeS.Because of the unavoidable particle fusion during a furnace roast, and because low particle temperatures are essential for gold extraction by cyanidation, aqueous medium oxidation under high oxygen pressures was studied. Gold recovery from calcines produced by this means was over 98 •per cent •compared with a maximum of 80 per cent from furnace calcines.IntroductionMANY arsenical gold ores are called 'refractory' because much ' of the gold cannot be satisfactorily extracted by cyaniding the raw ore or concentrate. Even when such ores are roasted to oxidize .the iron and arsenic and 'release' the gold, often 10 to 25 per cent of the gold present is lost in the cyanide residues."

Jan 1, 1952

By H. E. T. Haultain

I HAVE considerable hesitation in preparing and presenting this paper. These machines have been such an intimate part of my own experiences and predilections for such a long time that J would find it difficult to tell the story in an impersonal way. They have had several attractions for me. They were needed for the study of the fundamental features of modern milling, size analysis and accurate batch concentration of the very fine particles. I had been a millman once, a real operating millman, and, when I became academic". I always had the craving to link the academic laboratory with the field, as Rittinger and Richards had done. My first milling experience was with a small concentrator at a tin mine in Bohemia, forty-seven years ago. There was no assay office and the testing of our tailings was by means of a "Vanning Shovel", introduced from Cornwall by Captain Josiah Thomas, the great Josiah of Dolcoath, some fifteen years previously. This was a most effective instrument and it has always been a puzzle to me that it has not been more universally used by millmen. Later, at Freiberg, on the other side of the Erz Gebirge from the tin mine, I was introduced to the "Sichertrog", made out of wood shaped something like a very shallow boat or an elongated saucer, a most effective piece of apparatus when. the difficult technique of handling it was once achieved. Later, in the Slocan in British Columbia, my partner, the late Maurice Bucke, used a short length of flat trough or launder suspended by four wires, with which he got very satisfactory results as a small batch concentrator. In the University laboratory we had frequent need for something of this kind, and many efforts were made to solve the problem. With W. E. Johnston, we were working on the problem of gold-bearing telluride ores, which called insistently for a separation of the very fine telluride particles which existed only in minute quantities in the Kirkland Lake ores. Under this spur there finally developed the Superpanner, which is a mechanized combination of the Vanning Shovel, the Sichertrog, and the Maurice Bucke suspended launder.

Jan 1, 1937

By D. E. M. Plaumann

"The wet grinding of asbestos has attracted the attention of engineers for many years as a means of improving fibre liberation from the ore. Today, added impetus for wet grinding has resulted from a need to minimize worker exposure to asbestos dust in conventional dry mills using air, as well as a need to provide a cleaner, technically superior fibre for use by product manufacturers. However, high viscosities of asbestos slurries create transport and grinding difficulties which have been a factor impeding use of a wet grinding process.Laboratory evaluation of reagents to reduce viscosities of asbestos slurries found that one reagent, XFS-4272.00, reduced the viscosity of a 35% (by weight) slurry by 75%. The impact of XFS-4272.00 on actual grinding parameters were evaluated using a pilot plant rod mill. Slurries containing 78% solids and XFS-4272.00 were successfully milled and asbestos fibres from that milling compared favourably in liberation and relative surface area to asbestos fibres obtained from milling a 4% slurry without additives. IntroductionAlthough the use of asbestos has been declining over the last few years, the large deposits of chrysotile in eastern Canada (Quebec in particular) remain very important. Asbestos production in Canada stands ninth in volume for mineral production with over 740 000 tonnes produced in 1985. Of this quantity, 722000 tonnes were exported with a value of $446 million. Canada is second in world production of asbestos behind the U.S.S.R. The milling of asbestos ore has been done primarily by a series of steps involving crushing, dry-grinding and aspiration using large quantities of air to release the fibres. Contrast this process to those practiced in the purification of virtually every other mineral. Ores other than asbestos are crushed and milled using an aqueous slurry in rod, ball or pebble mills. The finely ground mineral, still as a slurry, undergoes beneficiation by froth flotation, heavy media separation, hydrocyclones or any of the other aqueous techniques currently employed in mineral processing.One of the driving forces behind the use of air instead of water as a means of separating asbestos is the nature of the aqueous asbestos slurry. While most slurries of minerals contain as much as 80070 solids and can still be pumped and transported, asbestos slurries become highly viscous with as little as 10070 solids. These high viscosities reduce the pumpability of the slurry and create severe handling problems. Mills become prohibitively large and uneconomical due to having to handle slurries containing only 10% rock and 90% water.Health-related issues have affected the use of asbestos in many countries. In Canada, the asbestos-producing provinces have introduced stricter occupational legislation to improve safety in the workplace. This primarily means strict control minimizing release of air-borne asbestos fibres . Quebec and Ontario have set limitations of airborne asbestos at 2 (2) and 1(3) fibre per cubic centimetre of air. With present milling technology, maintaining these low levels in the workplace requires constant vigilance."

Jan 1, 1988

By R. M. Berry

A brief outline of refining methods used to (1) upgrade yellowcake to nuclear purity and (2) convert the uranium to the chemical and physical forms required by the fuel fabricators is presented. The uranium hexafluoride (UF6) production facility now under construction at Eldorado, Port Hope, is discussed. Technological improvements in uranium refining are considered.

Jan 1, 1969

By D. T. Aikens, R. Gaudreault

"This paper summarizes structural repairs carried out on a marine wharf consisting of six 13.7 m by 13.7 m reinforced concrete cribs linked together by five 14.6 m long beam spans. As a result of problems during original construction and twenty years exposure to severe weather conditions, the deck support system between the cribs required major restoration work. In particular, some of the beam seats under the crane rail supports had marginal bearing area to support the structural loads. Faced with closure order for the wharf which is required to bring in raw materials to the plant and a long outage to make repairs as stipulated by Ports Canada (owners of the structure) alternate means of making the required repair were examined.The method chosen allowed the work to be done much more quickly, at lower cost, without taking the wharf completely out of service. The badly deteriorated seats were rebuilt using epoxy grout, tapered sole plates and a positioning jig."

Jan 1, 1988

By A. K. Debnath

Coal is the mainstay of Indian energy supplies. The many-fold increase in demand for coal puts a huge pressure on augmenting production, primarily from opencast mines. The increase in production necessitates heavy blasting in overburden and coal benches of opencast mines, which poses numerous challenges in carrying out blasting operations techno-economically. Presently, the consumption of industrial explosives and accessories in Coal India Limited (CIL) has touched a whopping figure of $350 million USD per annum and CIL will be spending approximately $1 billion USD between 2012?2013 to 2014?2015 for procuring explosives and accessories. This paper discusses some of key challenges faced in various mines of CIL during blasting, where blast instrumentation at the mine level will prove to a harbinger for practicing blasting engineers. Presently, the problem of scattering in surface detonators and down-the-hole detonators affects the blast performance significantly by increased blast induced ground vibration and reduced fragmentation. The paper discusses a case study carried out at Umrer opencast project of CIL to investigate the effect of scattering by using blast simulation techniques (i.e., JKSimblast) and observing the actual blast results with the help of a high-speed camera and multi-channel high frequency data acquisition systems. The fragmentation assessment was carried out by adopting Digital Image Analysis techniques and using the granularity software viz. Wipfrag. The blast instrumentation in the case study mine resulted in improvement in fragmentation of 12.76% and a direct savings in explosives cost of 28%. Geophysical techniques such as the seismic survey method have been used at Umrer Project, CIL to characterize the rock mass using the Multi Channel Analysis of Surface Waves system for selecting the explosives technoeconomically. The minimum deck thickness for mines of CIL using drill cuttings as decking materials should be 10 D, where D is the drill diameter. The estimation of blast performance on the basis of prescribed Powder Factor (i.e., kg of explosives per m3 of rock) is technically unscientific as the criterion of a good blast depends on many factors (i.e., good heave, loose muck, muck profile angle, ease of digging, uniform fragmentation). The present paper proposes a new methodology for techno-economic evaluation of blast performance. The new methodology involves four significant factors viz. specific energy consumed by the loading equipment, charge factor, productive yield and diggability index for assessing blast performance. The use of user-friendly, accurate, reliable, rugged and handy instruments in blasting will significantly improve mine productivity, equipment efficiency and economics. The improvement in blast performance, even by 1%, will provide a significant savings of $3.5 million USD per annum to CIL. It may be concluded with high degree of confidence that blast instrumentation at the mine level will influence the mine productivity and economics.

Aug 1, 2013