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By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001

By Joe Zhou

"Mineralogical characterization and metallurgical extraction of silver is challenging due to its complex mineralogy and chemistry. Over 200 Ag-bearing minerals have been identified and a silver-rich ore body would typically contain 5 to 10 different silver minerals. Silver can occur not only as discrete microscopic (visible) silver minerals but also as submicroscopic (invisible) silver in other minerals. During processing, silver may form passivation compounds such as silver hydroxide, silver sulphide, jarosite-like silver sulphate, silver halide or silver cyanide precipitate, all of which may negatively impact on silver extraction. Knowing the deportment of silver in the ore and its metallurgical products is important in flowsheet design and plant optimization. This paper begins with the classification of silver ores and minerals and a review of processing techniques, and focuses on the major mineralogical factors to explain why and how these factors affect silver extraction. Case studies are provided to demonstrate the application of silver process mineralogy in flowsheet design and plant optimization.INTRODUCTIONSilver was known to and utilized by mankind since ancient time. Actually, it was one of the earliest metals discovered and utilized by mankind after gold and copper.Silver is the whitest metallic element. It is rare, strong, corrosion resistant, and unaffected by moisture, vegetable acids, or alkalis. Silver is also resonant, moldable, malleable, and possesses the highest thermal and electric conductivity of any substance. The chemical symbol for silver is Ag, from the Latin argentum, which means white and shining. Although silver does not react with many chemicals, it does react with sulfur, which is always present in air at trace amounts. The reaction causes silver to tarnish, and consequently it must be polished periodically to retain its luster.Silver possesses many special physical characteristics and qualities that make it useful to a variety of industries. The photography industry is the biggest user of silver compounds. Silver forms the most light-sensitive halide salts, which are essential to developing highquality photographic prints. Silver also has the highest electrical conductivity per unit volume of any metal, including copper, so it is used extensively in electronics."

Jan 1, 2010

By H. Aminian

Gold powders have many important industrial applications. In this paper the available processes for the preparation of gold nano and micron sized powders are described. The attention has been given to hydrometallurgy route and the recent works and achievements in controlling the powder morphology are highlighted.

Jan 1, 2011

By S. Klingmann

ABSTRACT In this paper, we used data collected from the Gibraltar mine to analyze the effect of the TyreSense tire monitoring system on tire performance by reducing tire wear and preventing premature tire failure or damage. We analyzed the relationship between tire temperature, tire pressure, and tire failure or damage to help better understand the importance of controlling high tire temperature and pressure. The results enhance and expand the knowledge of the management of tire operational pressure and temperature.

Jan 1, 2014

Mining companies around the globe have long struggled with the need to ensure that earth moving equipment is designed to be operated and maintained under all site conditions without causing harm to people. Incident and accident data from a range of sources clearly identify mining equipment related issues as major causal factors. One Australian source, the NSW Department of Primary Industries? International Mining Fatality Database Project Report (2008) noted that ?Approximately 77% of mining accidents resulting in a fatality have? involved equipment?. The largest number of fatalities were associated with trucks; the next with LHDs. Many of the technical advances in equipment design over the past few decades have not been matched by advances in the human factors design of mining equipment, resulting in a ?design vacuum? that must be filled prior to commissioning new equipment. This ?design vacuum? is generally filled by local dealers. They retrofit equipment according to customer requirements to mitigate risks that have not been designed out by the Original Equipment Manufacturer (OEM). Mining companies have been frustrated by lost time and additional costs associated with this need to retrofit ex-factory designs. Some companies have attempted to address the problem by negotiating company or site-wide ?solutions? to equipment designs, but this has not simplified or clarified the issue from the point of view of the equipment manufacturers. A number of mining companies operating in Australia first discussed the concept of a joint customer approach to improve the Human Factors design of earth moving equipment at the factory level in 2004. They agreed that a new approach to engaging with OEMs was needed; one that would define the ?Problem?, in other words, the basis of the risks, rather than dictate the ?Solution?. The Earth Moving Equipment Safety Round Table (EMESRT) was formally established in 2006 by six global mining companies to establish a process of engagement between Original Equipment Manufacturers (OEMs) and mining customers.

May 1, 2009

By Wm. Snow, J. R. Wallace, E. P. Duchemin

"GeneralA NOT INCONSIDERABLE proportion of the Canadian economy is dependent on the coal mining industry. This is particularly true of the eastern portion of Canada and especially so of the ( authors') province of Nova Scotia. Much has been said about the trying economic straits of the coal industry in Nova Scotia ( 1), faced, as it is, with difficult mining problems, with considerable distance from large markets, and with •competition from other (and usually foreign) fuels. It is of particular interest, at this time, therefore, to discuss one of the larger outlets for coal -that of the production of metallurgical coke.Scope of PaperWhile the title of this paper indicates that it deals with Metallurgical Coke in Canada, the authors beg leave to treat the Canadian industry very briefly and to deal specifically with coal, •coke, and smelting problems with which they are familiar, namely, the operation of the Dominion Steel and Coal Corporation in the Sydney, N.S., area. No mention is made of metallurgical coke for use in the •many foundries in Canada or in the non-ferrons metallurgical industries.Coal and Coke StatisticsA few statistics of the total output of .Canadian coal, production of metallurgical coke, and similar figures for the Dosco holdings (Sydney area only) are shown in Table I."

Jan 1, 1955

"The successful commissioning and ramp up of the Albion Process™ at the GPM Gold Project relied on the successful scaling up of the process from batch and continuous pilot plant campaigns (Voigt et al., 2015). Critical information about reaction kinetics and residence time, grind size and pulp density were determined at the laboratory scale and successfully applied to the commercial scale. A limitation of small scale testwork, is that some parameters cannot be measured reliably and scaling up is a function of the physical size of the equipment which isn’t possible to test with laboratory scale equipment. Oxygen mass transfer rate is one such parameter since this is a complex interaction of many factors including slurry temperature, solution and slurry chemistry, slurry viscosity, agitator type, dimensions and power, oxygen bubble residence time, oxygen purity, tank geometry and oxygen injection technique. Oxygen generation represents an important operating cost for the Albion Process™. Pivotal to the Albion Process™ operating economically at atmospheric pressure is the capability to efficiently transfer oxygen while utilising as much oxygen injected to the process as possible. To respond to this Glencore Technology developed the HyperSpargeTM supersonic gas injector. This paper compares the HyperSparge™ against other sparging techniques to quantify the benefits of oxygen injection via a supersonic gas jet on scale up of the oxygen mass transfer system. The paper then examines plant survey data from the GPM Gold Project to demonstrate the very high oxygen utilisation that can be achieved with a correctly designed oxygen mass transfer system.INTRODUCTION One of the main challenges in chemical reactor design is the scale-up of processes from the laboratory to industrial scale. Processes which cannot be faithfully simulated with an experiment at the laboratory scale face challenges due to the physical dimensions and complexity of full scale operation. One example of this is the design of oxygen mass transfer systems in atmospheric oxidative leaching circuits such as the Albion Process™. A number of constraints associated with the use of laboratory scale equipment to design full scale circuits are involved in gas mass transfer processes in agitated slurries such as the Albion Process. Chiefly, typical laboratory and pilot size equipment lacks the required volume to provide useful design data without relying on empirical correlations: the specific agitator power input is artificially high, the bubble residence time in the vessel is artificially low, the oxygen partial pressure at the base of the vessel is artificially low and the oxygen delivery method may differ significantly to the industrial process. Further, the dynamic nature of the process introduces additional impacts on gas mass transfer, including the presence of solids, recycle streams and minor elements, plus the variances within the reality of a process plant such as disruptions or variance of feed quality."

Jan 1, 2017

By J. H. Walsh

IN THE DEVELOPMENT of procedures for the separation of minerals, the choice of reagents for flotation is frequently determined by the extent to which a given mineral is wettable by water. Measurements of the contact angle of an air bubble on wet mineral surfaces are often used in the laboratory to estimate the wettability of the surface. For the results of these measurements to be reproducible, the surface of the mineral must be polished to a mirror-like smoothness and must be free from oily contamination. Elaborate procedures for preparing mineral surfaces have been developed by Wark ( 1) and Taggart (2), and these procedures have been generally accepted as adequate for their purpose. The polishing techniques, how-ever, have certain inherent disadvantages which make it impossible to assess the effects of polishing, entrained abrasive, and adsorbed gases on the wettability of the mineral surface.

Jan 1, 1957

By B. Zeifert, C. Martínez-Morales, A. Romero-Serrano, A. Pineda-Rivera, H. Martínez-Gutiérrez, G. Diaz-Sandi

In this work, the effects of CaO/SiO2 ratio and the FeSO4 and FeS2 contents on the stability of the mineralogical species in chromium-based slags were studied. The chemical stability was evaluated by leaching with an acid solution. The main Cr-compounds in slags with FeSO4 and CaO/SiO2=1 were FeCr2O4 and Ca3Cr2Si3O12, while Cr3S4 predominated in slags with FeS2. The slags with CaO/SiO2=2 mainly contained CaCr2O4. The highest Cr concentration levels in the leaching liquors corresponded to slags with CaO/SiO2= 2, and the lowest Cr concentration corresponded to slags with high FeSO4 or FeS2, owing to the stable binding of chromium in the compounds FeCr2O4, Cr3S4 and FeS•Cr2O3.

Jan 1, 2011

By Charles "Chick" Rodgers, Anthony Sarion

"With declining feed grade and increased production targets, it became necessary to upgrade Key Lake's eight stage counter current decantation (CCD) circuit. Following laboratory trials, mill operations recognized that dilution of the feed slurry and buffering of the feed density variations would improve thickener throughput. Plant testing resulted in the installation of Outokumpu's Supaflo ""Floe-Miser"" system. The circuit's flowsheet, instrumentation and control strategy were also upgraded along with the thickener feedwell modifications. The paper will also discuss these modifications and the implementation of the current control strategy.IntroductionCameco Corporation's Key Lake operation is the largest single uranium producer in the world. Current production is fourteen million pounds of uranium oxide (U 308) per year. It is owned 2/3 by Cameco and 1/3 by Uranerz Exploration and Mining with Cameco as the operator.The mine is 570 kilometres north of Saskatoon on the southern edge of the Athabasca basin. Access to the mine is by an all-weather road and a private airstrip.Process DescriptionThe Key Lake milling process consists of five individual plants: crushing and grinding; leaching and counter current decantation (CCD); solvent extraction; yellowcake precipitation and ammonium sulphate crystallization; and bulk neutralization (Figure 1 -Simplified Mill Flowsheet). A detailed mill flowsheet can be found in the appendix."

Jan 1, 1998

By D. Shen, J. Cheung

Variable reactance arc control by the SPLC (Smart Predictive Line Controller) has been installed at many different mining sites and steel processing plants around the world. Since its first installation 18 years ago, many advances have been made to both the technology, and to its integration with furnace processes and plant operations. The SPLC has helped to improve electric arc furnace stability by reducing electrode movement while maintaining flat line arc power. Stable furnace operation at higher average power increases productivity. This paper summarizes the progression of electro-technology at Hatch since the 1970s, including fixed and variable reactance, digital electrode regulation, and fast variable speed hydraulics for Soderberg electrode, as demonstrated and benchmarked through projects and lessons learned over the years.

Jan 1, 2015

By G. S. Hume

THE discovery of natural gas with naphtha in 1924 in the Upper Palaeozoic limestone of Turner Valley, 35 miles southwest of Calgary, has led to continuous developments in this field. Drilling undertaken soon after this discovery demonstrated that the anticlinal structure was in reality a major drag-fold cut off on the east side by a westerly inclined fault of large displacement. The faulted edge of the .limestone at depth determines the eastern limits of the field, which between 1924 and 1936 was shown to have a gas area 14 miles long by about 1 mile wide. Since the strata dip westerly, away from the axis of the fold, drilling becomes progressively deeper to the west and, with the advent of deeper drilling, crude oil was discovered in 1936 on the west flank of the structure but in the same porous reservoir rocks as the gas on the crest and upper parts of the fold. Since 1936, drilling has been undertaken wholly for the production of crude-oil and at present two producing areas have been found within the Turner Valley structure. The larger of these, at the south end of the field, in the vicinity of Highwood river, has a length of about 4 3/4 miles and a proved width of one mile, whereas the smaller, in the north end of the field, south of the north fork of Sheep river, has only a few producing wells.

Jan 1, 1939

This paper discusses how elemental analysis of conveyed bulk flows in real time using PGNAA (Prompt Gamma Neutron Activation Analysis) technology has resulted in significant improvements in advancing plant control in mineral processing operations. Basis of operation of the PGNAA through belt, full stream, continuous, multi-elemental, real time analysis technology is explained. Capabilities and limitations in plant operating environments are discussed including comparison with other real time, online technologies through review of published information available for on-conveyor minerals applications. Case studies demonstrate benefits provided by this technology in two operating mines. An iron ore company had prior experience with the PGNAA analyser technology, implementing an early model in a minerals application in 2003 to develop confidence in its measurement performance and usefulness of the data. A number of analysers were subsequently included throughout the new plant design for extensive measurement and control of conveyed bulk flows, from conveying after mining through to rail load-out. A copper-gold company installed an analyser to address copper ore blending issues where an on-belt system was the only viable option for the degree of control required. Analyser suitability was evaluated through test work on site samples to determine customised multi-element precision guarantees for each application. Analyser results from normal operation are compared against laboratory analyses of multiple cross stream samples collected from conveyed flows to assess performance. Both projects discussed were able to realise benefits previously unattainable for plant quality control, surpassing capabilities of traditional technologies which were either unsuitable for measuring conveyed flows with adequate accuracy or in real time. Equipment payback within a few months was achieved for both sites. Through proven performance in these applications, the companies consider the technology an essential component in advanced plant control necessary in new process flow sheet designs, rather than an optimisation tool.

Jan 1, 2014

By E. Swartzman

"IntroductionGENERALLY, the necessity for mining coals of higher impurity content, the drive for lower costs by intensive mine mechanization, changing market requirements, and the increasing competition of oil and natural gas, have continued to result in an upward rise in coal preparation, and have necessitated a more intensive study of coal preparation problems.Increasing adoption of •continuous mining equipment, for example, is introducing new problems in coal preparation. Limited experimental work in the United States (1) shows that the effect of the continuous miner on size distribution varies with the characteristics of the seam. In some seams, the fines problem is lessened, in others it is greatly aggravated. Generally there is a decrease in the relative amount of the top sizes (plus 2 in.) and a substantial increase in the intermediate sizes (down to about 1/8 in.). Contrary to expected results•, where continuous miners with vertical-moving cutting heads are used, an increase in impurities in the slack sizes does not necessarily occur where draw-slate is taken. This is because the draw-slate tends to be kicked out in lump form. However, if a seam contains bands •and lenses of impurities they are bound to be in the mined product."

Jan 1, 1952

By N. Shi, T. G. Joseph

ABSTRACT Before any large plant is moved onto an oil sands dominated surface, particularly those surfaces encountered in-pit, it is imperative that the ground be evaluated for bearing capacity. A 2230 tonne mobile in-pit hopper/crusher facility designed for operation in the Canadian oil sands was modeled. This evaluation focused on track and outrigger pad versus ground interactions as the key performance indicators of appropriate ground performance below the unit in both operating and repositioning propel modes. A study of cyclic oil sand behaviour was also inferred from laboratory cyclic plate load data as an extension of the simulation model indications.

Jan 1, 2013

By C. W. Van Law

WE have just heard a very able presentation, by Mr. J. C. Cameron, on the subject of Recent Trends in Labour Relations, as they exist today in Canada (l). With minor changes, what he said applies equally to the situation in the United States. Direct negotiation between employer and employee on a man-to-man basis, wherein good faith and mutual esteem was at least sometimes a factor, has almost entirely given way to a mass struggle in which each side is represented by highly trained specialists in a new jurisprudence, built up on vote-getting labour laws, decisions in analogous cases by Boards whose members may have had very little personal acquaintance with the specific case, etc., etc. Membership in a labour union has become almost an essential requisite to a job; once in, the individual workman loses his identity and dares not act on his own initiative or even express any idea not handed him by his Union head. An honest workman cannot turn in an honest day's work, because his Union will not allow him. Leadership in the Unions has become so powerful an instrument, both politically and monetarily, that Union policies are drafted primarily to build up that power, and may have little relation to the equities of the individual case. ?While both sides still render lip-service to the doctrine that Capital and Labour can advance best by co-operation to mutual benefit, that doctrine has in effect given way to as bitter and as legalistic a struggle as any in our civil courts. There are many reasons to believe that we are, industrially, in a situation much like the European situation from 1935 to 1939; an impending war to the death with 'appeasement' as the only, unavailing, policy

Jan 1, 1945

By W. B. Agocs

"IntroductionWITH THE DISCOVERY of natural radioactivity at the end of the 19th century, and the design of equipment for the detection of this phenomenon, radioactivity surveys bad their inception. Early in the 20th century it was found that almost all rocks are radioactive to a certain degree. This radioactivity is due to the nuclear disintegration of six naturally radioactive elements: potassium, thorium, uranium, rubidium, samarium, and lutecium.The radioactivity of these elements manifests itself by the emission of some concentration of alpha, beta, and gamma 'rays'. Of these, the alpha and beta 'rays' are, respectively, helium atoms and electrons, while the gamma 'rays' are short wave length x-rays generated in the nuclear disintegration by the transformation of mass into energy.The alpha and beta rays, being particles of matter, are stopped ve• easily by material barriers, but gamma rays are extremely penetrating and they will pass through a foot or more of rock or several inches of lead.The radioactivity may be detected by the causing of ionization by the radiation. The radiation detectors may be divided into four classes: ionization chambers, proportion al counters, and Geiger counters, all of which use gas for ionization, and scintillation counters, in which a solid is ionized. The basic principle of all these detectors is the same; the difference lies in the method used to measure the degree of ionization produced by the rays. Currently, the scintillation counter is displacing, the other instruments in radioactivity surveying."

Jan 1, 1955

By J. H. Baek, D. W. Lee, B. K. Kim

Nanostructured Cu-Al203 composite powders were synthesized by thermochemical process for an electrode application. The synthesis procedures are 1) preparation of precursor powder by spray drying of solution made from copper and aluminum nitrates, 2) heat treatments to evaporate volatile components in the precursor powder and synthesis of nanostructured CuO+Al2O3, and 3) CuO reduction by hydrogen into Cu. The suggested procedures stimulated the formation of the gamma-Al2O3. The mean particle size of the final composite powders was 20nm, and the electrical conductivity and hardness in the hot-extruded bulk were competitive with Cu/Al2O3 composite by the conventional internal oxidation process.

Jan 1, 2004

By M. N. Pons, F. Ferrari, V. Houzelot, B. Laubie, A. Bani, Université de Lorraine-CNRS LRGP

"More than 400 plants in the world are able to accumulate nickel in their aerial parts at concentrations higher than 10 g per kg of dry biomass. Then, nickel (Ni) can be recovered from the biomass of these hyperaccumulator plants. Agromining is a chain consisting in growing such plants and recovering metal and has been developed thanks to the combined know-how of agronomy and hydrometallurgy. Plants can be grown on serpentine soils, containing rather high concentrations of Ni, on sterile heaps or on contaminated soils. This crop enables us to extract Ni from secondary resources, and to improve soil quality by lowering its metal content. For example, Alyssum murale can be grown at the field scale in the Balkans, at yields corresponding to 110 kg Ni per hectare.Hydrometallurgical processes have been designed from the lab scale to the pilot scale to produce nickel salts: ANSH (ammonium and nickel sulphate hexahydrate), nickel sulphate, acetate, etc. and so on. These salts are used for surface treatment and in the paint and chemical industry. Ni salts are prepared from ashes, after plant calcination. Processes are based on the conventional methods of hydrometallurgy: acid leaching followed by different precipitation steps. These processes will be presented, as well as the pilot scale design. A life cycle assessment has been performed and clearly shows the environmental interest of this approach as a potential part of an anti-erosion strategy. An economic assessment has proved process feasibility and the final step is the launching of a start-up. At the moment, the approach is widened to other metals (cadmium, cobalt) and rare earth elements (REEs)."

Jan 1, 2016

By N. Bakhshizadeh

In this investigation, the aging effect on creep behavior of A12024-10%SiC composite fabricated by powder metallurgy was studied. P/M bars were manufactured by hot powder extrusion method at 450°C with a ratio of 16 to 1. Creep specimens were over-aged at 187 ºC for 43 h. It was found that almost full density composite with relatively homogenous distribution of reinforcing particles throughout the aluminum alloy matrix could be attained by direct powder extrusion process. Creep tests were conducted at temperatures from 275 to 325°C under stresses from 25 to 60 MPa. The analysis of the creep mechanism determined that dislocation glide was the predominant mechanism of plastic deformation. The activation energy of the creep process was found to be higher than that of lattice self-diffusion in pure aluminum.

Jan 1, 2007